JPMorgan Amends Pricing Supplement for AMJB Notes

JPMorgan Chase Financial Company LLC amended the pricing supplement for its Structured Investments Notes linked to the J.P.

Rhea-AI Filing Summary

JPMorgan Chase Financial Company LLC amended the pricing supplement for its Structured Investments Notes linked to the J.P. Morgan Multi-Asset Index, restating the "Comparable Yield and Projected Payment Schedule." The amendment states a 4.84% annual comparable yield and a projected maturity payment of $1,154.30 per $1,000 principal amount note, with accruals of original issue discount shown by calendar periods through January 5, 2029.

This schedule is stated solely to calculate tax treatment as a contingent payment debt instrument and is "neither a prediction nor a guarantee" of actual yield or payment.

Insights

Structured Products Analyst

Amendment clarifies tax-focused yield and projected maturity payment for the notes.

The amendment sets a 4.84% comparable yield and a projected payment of $1,154.30 per $1,000 note at maturity on January 5, 2029. The filing supplies a calendarized OID accrual schedule for tax reporting: $48.30 in 2026, $51.35 in 2027, $53.87 in 2028 and $0.78 for the final period.

These figures are for tax calculation only and do not guarantee performance; actual proceeds and investor tax outcomes depend on eventual settlement, early sales, and market performance of the underlying index.

Tax Counsel (Debt Instruments)

Provides the comparable-yield methodology and OID accruals needed for annual tax reporting.

The amendment expressly ties the comparable yield (4.84%) and projected payment ($1,154.30) to the tax treatment as a contingent payment debt instrument. The calendar-period OID accruals are detailed to permit year-by-year taxable income reporting through January 5, 2029.

Investors should reference these stated amounts when preparing tax filings; the filing emphasizes that actual cash receipts may differ from the projected schedule.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What comparable yield does the AMJB pricing supplement state?

The amendment states a comparable yield of 4.84% annual, compounded semiannually. This rate is used solely to compute taxable OID accruals for the notes as a contingent payment debt instrument and is not a guaranteed investment return.

What is the projected payment per $1,000 principal for AMJB notes?

The projected maturity payment is $1,154.30 per $1,000 principal amount. That figure is the projected payment used for tax calculations and is not presented as a guaranteed or predicted actual payout at maturity.

How much OID accrues for AMJB notes in 2027?

The amendment lists an accrued OID of $51.35 per $1,000 principal amount for the calendar year January 1, 2027 through December 31, 2027. Total accrued OID by year-end 2027 is stated as $99.65 per $1,000.

Does this amendment change how proceeds or guarantees work for the notes?

No change to guarantees or issuer obligations is stated; the notes remain fully and unconditionally guaranteed by JPMorgan Chase & Co. The amendment revises the comparable yield and tax accrual schedule only.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/26/2026 - 08:40 PM EST Learn about SEC filing dates

February 26, 2026 Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(3)
Amendment no. 1 to pricing supplement dated December 30, 2025 to product supplement no. 3-I dated April 13, 2023, underlying supplement no.
23-I dated August 28, 2023, the prospectus and prospectus supplement, each dated April 13, 2023, and the prospectus addendum dated June 3,
2024
JPMorgan Chase Financial Company LLC
Structured Investments
Notes Linked to the J.P. Morgan Multi-Asset Index due
January 5, 2029
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
The section entitled “Comparable Yield and Projected Payment Schedule” in the pricing supplement dated December 30, 2025
related to the notes referred to above (the “pricing supplement”), is amended, restated and superseded in its entirety by the
section entitled “Comparable Yield and Projected Payment Schedule” in Annex A to this amendment.
CUSIP: 48136LU23
Investing in the notes involves a number of risks. See “Risk Factors” beginning on page S-2 of the accompanying
prospectus supplement, Annex A to the accompanying prospectus addendum, “Risk Factors” beginning on page PS-12
of the accompanying product supplement, “Risk Factors” beginning on page US-4 of the accompanying underlying
supplement and “Selected Risk Considerations” beginning on page PS-6 of the pricing supplement.
Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved
of the notes or passed upon the accuracy or the adequacy of this amendment, the pricing supplement or the accompanying
product supplement, underlying supplement, prospectus supplement, prospectus and prospectus addendum. Any representation
to the contrary is a criminal offense.
The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency
and are not obligations of, or guaranteed by, a bank.
You should read this amendment together with the pricing supplement and the related product supplement, underlying
supplement, prospectus supplement, prospectus and prospectus addendum, each of which can be accessed via the hyperlinks
below. Please also see “Additional Terms Specific to the Notes” in the pricing supplement.
Pricing supplement dated December 30, 2025:
http://www.sec.gov/Archives/edgar/data/19617/000121390026000338/ea0271546-01_424b2.htm
Product supplement no. 3-I dated April 13, 2023:
http://www.sec.gov/Archives/edgar/data/19617/000121390023029706/ea153081_424b2.pdf
Underlying supplement no. 23-I dated August 28, 2023:
http://www.sec.gov/Archives/edgar/data/19617/000121390023071317/ea160620_424b2.pdf
Prospectus supplement and prospectus, each dated April 13, 2023:
http://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
Prospectus addendum dated June 3, 2024:
http://www.sec.gov/Archives/edgar/data/1665650/000095010324007599/dp211753_424b3.htm

A-1 | Structured Investments
Notes Linked to the J.P. Morgan Multi-Asset Index
Annex A
Comparable Yield and Projected Payment Schedule
We have determined that the “comparable yield” is an annual rate of 4.84%, compounded semiannually. Based on our determination of
the comparable yield, the “projected payment schedule” per $1,000 principal amount note consists of a single payment at maturity,
equal to $1,154.30. Assuming a semiannual accrual period, the following table sets out the amount of OID that will accrue with respect
to a note during each calendar period, based upon our determination of the comparable yield and projected payment schedule.
Calendar Period
Accrued OID During
Calendar Period (Per
$1,000 Principal
Amount Note)
Total Accrued OID from Original
Issue Date (Per $1,000 Principal
Amount Note) as of End of
Calendar Period
January 5, 2026 through December 31, 2026……………….
$48.30
$48.30
January 1, 2027 through December 31, 2027……………….
$51.35
$99.65
January 1, 2028 through December 31, 2028……………….
$53.87
$153.52
January 1, 2029 through January 5, 2029…………………...
$0.78
$154.30
The comparable yield and projected payment schedule are determined solely to calculate the amount on which you will be
taxed with respect to the notes in each year and are neither a prediction nor a guarantee of what the actual yield will be. The
amount you actually receive at maturity or earlier sale or exchange of your notes will affect your income for that year, as
described above under “Treatment as Contingent Payment Debt Instruments.”