JPMorgan Chase Financial Company LLC is offering structured Capped Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 100% participation in any positive S&P 500 performance over the term, but gains are capped at a Maximum Amount of at least $377.50 per $1,000 note, implying a maximum return of at least 37.75% at maturity.
The notes pay no interest and do not provide dividends from S&P 500 constituents. At maturity on July 29, 2031, holders receive $1,000 plus an Additional Amount based on the Index Return, but not below $1,000, subject to the credit risks of both the issuer and guarantor. The minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $943.50 per $1,000 note, and will not be less than $900, reflecting embedded costs and hedging. The notes will not be listed, and secondary market liquidity and pricing are expected to be limited and potentially below the original issue price.
JPMorgan Chase Financial Company LLC is offering $1,000,000 of Auto Callable Contingent Interest Notes linked to the ordinary shares of GlobalFoundries Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment of $59.50 per $1,000 each quarter (a 23.80% per annum rate) only if on a Review Date the GlobalFoundries share price is at or above the Interest Barrier, set at 50.00% of the Strike Value, or $28.74.
The notes may be automatically called on any Review Date other than the first and final if the share price is at or above the Strike Value of $57.48, in which case holders receive principal plus applicable and unpaid contingent interest and no further payments. If not called and the final share price is at or above the Trigger Value (also 50.00% of the Strike Value), holders receive principal plus applicable and unpaid contingent interest. If the final price is below the Trigger Value, repayment is reduced 1% for each 1% decline from the Strike Value, exposing holders to a loss of more than 50% and potentially all principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor, and will not be listed on any exchange. The price to public is $1,000 per note, including $20 in selling commissions, with estimated value $941.90 per $1,000 at pricing, reflecting structuring and hedging costs. U.S. tax treatment is expected to follow a prepaid forward contract with associated contingent coupons approach, though the IRS could take a different view.
JPMorgan Chase Financial Company LLC is offering Contingent Income Callable Securities due July 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each security has a $1,000 stated principal amount and pays a contingent quarterly coupon of at least $26.50 (2.65%) only if, on every day in a quarterly monitoring period, the EURO STOXX 50®, S&P 500® and Russell 2000® indices all remain at or above 70% of their initial index values, the downside threshold levels.
The issuer may, at its discretion, redeem the notes early on any contingent payment date other than the first and final, for the principal plus any due contingent coupon. If held to maturity and none of the indices finishes below its downside threshold, investors receive principal back and potentially the final coupon. If any index finishes below its downside threshold, the maturity payment is reduced 1-to-1 with the worst-performing index, to less than 70% of principal and potentially zero. Payments are unsecured obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and investors do not participate in any index appreciation.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is expected to price on or about July 23, 2026 and settle on or about July 28, 2026.
Investors may receive a Contingent Interest Payment on each monthly Review Date only if the Index is at or above 70% of its Initial Value (the Interest Barrier; Trigger Value is 60%). The notes are automatically called, starting July 23, 2027, if on certain Review Dates the Index is at or above the Initial Value; in that case, holders receive $1,000 plus the applicable Contingent Interest Payment and any previously unpaid contingent interest, with no further payments.
If the notes are not called and the Final Value is below the Trigger Value, the maturity payment equals $1,000 plus $1,000 × Index Return, so principal loss is one-for-one with the Index decline and can reach 100%. The Index embeds a 6.0% per annum daily deduction, which drags performance and may cause the Index to decline even when its underlying strategy is flat or modestly positive. The estimated value of the notes, if priced on the date described, would be approximately $898.50 per $1,000 note and will not be less than $880.00 per $1,000 at pricing. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Nasdaq‑100® Technology Sector and the S&P 500® Index, maturing August 11, 2031, in $1,000 minimum denominations.
Investors may receive monthly Contingent Interest Payments only when the closing level of each index on a Review Date is at least 80% of its Initial Value (the Interest Barrier). Beginning with the twelfth Review Date (earliest possible August 6, 2027), the notes are automatically called if each index is at or above its Initial Value, returning $1,000 plus the current and any unpaid contingent interest.
If not called, principal is protected only if the Final Value of each index is at least its Trigger Value (also 80% of Initial). If either index finishes below its Trigger Value, repayment is reduced by the full negative return of the lesser-performing index, down to zero. The notes are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, include an estimated value (about $938.80 per $1,000 if priced on the reference date) below issue price, may be illiquid, and have complex U.S. tax and withholding consequences.
JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, due July 31, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is unsecured and unsubordinated, with repayment subject to the credit risk of both the issuer and guarantor.
The notes may be automatically called on August 2, 2027 if the Index closing level is at or above a Call Value, in which case investors receive $1,000 plus a Call Premium Amount of at least $107.50 per note and no further payments. If not called, at maturity investors receive: (i) $1,000 plus 1.70× any positive Index return; (ii) $1,000 if the Final Value is at or above the Barrier Amount of 60% of the Initial Value; or (iii) $1,000 plus $1,000 × Index Return if the Final Value is below the Barrier Amount, which can result in a substantial or total loss of principal.
The notes pay no interest, will not be listed on any exchange and may have limited or no liquidity. The estimated value would be approximately $948.40 per $1,000 note if priced on the reference date and will not be less than $900.00 per $1,000 at issuance, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The underlying Index tracks rolling E-mini® S&P 500® futures and is exposed to futures-specific risks such as negative roll returns, daily price limits and differences from the performance of the S&P 500® Index itself.
JPMorgan Chase Financial Company LLC is offering structured notes due August 2, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the iShares Semiconductor ETF (SOXX) and the Nasdaq‑100 Index (NDX). The notes feature an automatic call if, on any of 19 scheduled Review Dates from January 28, 2027 to July 28, 2028, the closing value of each Underlying is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium that starts at at least 11.60000% and increases to at least 46.40000% of principal by the final Review Date.
The notes have a 20.00% Buffer Amount; if not called and the Lesser Performing Underlying falls by more than 20.00%, principal is reduced 1% for each 1% decline beyond the buffer, up to an 80.00% loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. If priced today, the estimated value would be $962.70 per $1,000 note, and when set will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering auto-callable Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 1, 2031, in minimum denominations of $1,000. The notes may be automatically called quarterly starting August 3, 2027 if the Index closing level is at or above a Call Value, paying $1,000 plus a Call Premium Amount that starts at least at 17.85% of principal on the first Review Date and increases up to at least 89.25% by the final Review Date.
If the notes are not called, principal is protected only by a 15% Buffer Amount. At maturity, if the Index has fallen by more than 15% from its Initial Value, investors lose 1% of principal for each 1% decline beyond the buffer, up to a maximum loss of 85% of principal. The notes pay no interest and offer no participation in Index gains beyond the fixed call premiums.
The underlying Index targets 35% implied volatility with exposure to the Invesco QQQ Trust, Series 1, subject to a 6.0% per annum daily deduction and a daily notional financing cost, meaning the Index will trail an identical strategy without these charges and may decline even when the underlying strategy is flat or modestly positive. Exposure can range from 0% to 500% of the QQQ Fund, introducing leverage, volatility and potential "volatility drag". Credit risk of JPMorgan Financial and JPMorgan Chase & Co. applies. The preliminary estimated value is about $905.90 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due February 2, 2028, linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive a Contingent Interest Payment for each Review Date only if the closing level of each index is at or above 65.00% of its Initial Value, the Interest Barrier, and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The notes may be redeemed early at the issuer’s option on specified Interest Payment Dates, first eligible on November 2, 2026. If held to maturity without early redemption, principal is protected only if the Final Value of each index is at or above its Trigger Value, also 65.00% of Initial Value; otherwise repayment is reduced one-for-one with the decline of the Least Performing Index, potentially to zero. The hypothetical Contingent Interest Rate is shown at 8.60% per annum, the estimated value would be about $965.10 per $1,000 note if priced on the reference date and will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable securities with a $1,000 principal amount per security linked to the worst performer of Netflix, Starbucks and CSX common stock. The price to public is $1,000.00 per security, including $20.75 in fees and commissions, for issuer proceeds of $979.25 per security. If the securities priced on July 22, 2026, their estimated value would be $950.80, and when finally set this value will not be less than $920.00 per security.
Investors may receive a contingent coupon at an annual rate of at least 15.85%, paid monthly only if the lowest-performing stock’s closing price on the relevant calculation day is at or above its threshold price (70% of its starting price). Missed coupons may be paid later under a memory feature if the condition is subsequently met. From October 2026 through June 2028, the note auto-calls if the lowest-performing stock is at or above its starting price, returning principal plus the applicable coupon(s).
If not called, at maturity in August 2028 investors receive $1,000 per security if the lowest-performing stock’s final price is at or above its threshold; otherwise they receive $1,000 plus the stock’s negative return, resulting in loss of more than 30% and potentially all principal. Any upside is limited strictly to contingent coupons; investors do not participate in stock price appreciation and face issuer and market risks, as well as potentially limited liquidity and complex U.S. tax treatment.