JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, due August 3, 2028, in $1,000 minimum denominations. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, investors receive 1.31 times any positive Index return with no upside cap, a 20% downside buffer, and then a 1:1 loss beyond the buffer, up to a maximum loss of 80% of principal (minimum payment $200 per $1,000). The notes pay no interest and will not be listed on any exchange, so liquidity depends on J.P. Morgan Securities’ willingness to make a market. If priced today, the estimated value would be about $991.60 per $1,000, and will not be less than $960.00 at pricing, reflecting selling costs and hedging economics. Returns depend on the futures-based Index, which carries risks such as negative roll yield, futures market disruptions, and potential underperformance versus the S&P 500® Index, as well as the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due August 3, 2029, linked to the common stock of Amazon.com, Inc. Each security has a $1,000 stated principal amount, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. These notes do not guarantee interest or principal repayment.
Investors may receive a contingent quarterly payment on each determination date when Amazon’s closing price is at or above 65% of the initial stock price, the downside threshold level. If, on any non-final determination date, the closing price is at or above the initial stock price, the notes are automatically redeemed for principal plus the applicable contingent payment and any unpaid prior contingent payments.
If the notes are not redeemed early and the final stock price is at or above the downside threshold, holders receive principal plus the final contingent payment and any unpaid prior contingent payments. If the final stock price is below the downside threshold, investors are exposed to the full downside on a 1-to-1 basis and receive principal multiplied by the stock performance factor, which will be less than 65% of principal and could be zero. Investors do not participate in any stock appreciation, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $522,000 in structured notes linked to the least performing of the S&P 500® Index, the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations and expose investors to the credit risk of both the issuer and the guarantor.
The notes have a July 20, 2026 pricing date, are expected to settle on or about July 23, 2026, and mature on July 25, 2029. Investors receive no interest or dividends. At maturity, if the final value of each index exceeds its initial value, holders receive $1,000 plus an additional amount equal to $1,000 multiplied by the least performing index return and a 100% participation rate. If any index finishes at or below its initial value, payment is $1,000 plus $1,000 times the least performing index return, but not less than $950 per $1,000 note, implying up to a 5% loss of principal.
The initial index levels on the pricing date were 7,443.28 for the S&P 500® Index, 28,604.23 for the Nasdaq-100 Index® and 2,942.429 for the Russell 2000® Index. The price to the public is $1,000 per note, including selling commissions of $9.50 per $1,000 and net proceeds of $990.50 per note to the issuer. The bank-calculated estimated value is $972.60 per $1,000 note, reflecting embedded costs and hedging assumptions. For U.S. federal income tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of original issue discount based on a comparable yield of 4.31% and a projected single payment of $1,136.81 at maturity.
JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about August 21, 2026, settle on or about August 26, 2026, and are due August 24, 2028, in minimum denominations of $1,000.
At maturity, if the lesser performing index has risen, investors receive the principal plus an enhanced return of at least 1.06× that positive performance. If the lesser performing index is flat or down by up to the 15.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline of that index, capped at a maximum payment of $1,150 per $1,000 note when the lesser performing index is down 15.00%. If either index falls by more than 15.00%, investors lose 1% of principal for each 1% decline of the lesser performing index beyond 15.00%, for a maximum loss of 85.00%.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. If priced on the date illustrated, the estimated value would be approximately $988.90 per $1,000 note, and when finally set will not be less than $950.00 per $1,000 note, which is lower than the issue price because it excludes selling commissions, hedging costs and certain fees.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the lesser performing of Intel and Starbucks common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date only if the closing price of one share of each stock is at or above 50.00% of its Strike Value (the Interest Barrier). The Contingent Interest Rate will be at least 27.10% per annum
The notes may be automatically called on any Review Date from October 21, 2026 (excluding the first, second and final Review Dates) if each stock closes at or above its Strike Value, returning $1,000 per note plus due contingent interest. If not called, and at maturity on January 26, 2028 either stock finishes below its Trigger Value (50.00% of Strike), the principal repayment is reduced dollar-for-dollar with the percentage loss of the lesser performing stock, which can result in losing most or all of the investment. Strike Values are $105.45 for Intel and $104.45 for Starbucks, with corresponding Interest Barriers/Trigger Values of $52.725 and $52.225. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are issued in minimum denominations of $1,000, will not be listed on any exchange, and have an estimated value of approximately $940 per $1,000 at launch, not less than $900.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the lesser-performing of the Nasdaq‑100® Technology Sector and the S&P 500® Index, maturing on August 2, 2029 and fully guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date on which the closing level of each index is at least 80.00% of its Initial Value, with a Contingent Interest Rate of at least 11.20% per annum.
The notes may be automatically called on any Review Date from January 28, 2027 (excluding the first five and final Review Dates) if each index is at or above its Initial Value; in that case investors receive $1,000 per note plus the applicable contingent interest and no further payments. If not called and either index finishes below its 80.00% Buffer Threshold at maturity, repayment of principal is reduced 1% for each 1% decline beyond the 20.00% buffer, up to a loss of 80.00% of principal.
The minimum denomination is $1,000. If priced on the sample date, the estimated value would be about $976.60 per $1,000 note, and the final estimated value at pricing will not be less than $900.00 per $1,000. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not pay dividends on the underlying index constituents.
JPMorgan Chase Financial Company LLC is offering structured Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about July 24, 2026, settle on or about July 29, 2026, and mature on July 29, 2031, with minimum denominations of $1,000.
Investors may receive monthly Contingent Interest Payments at a rate of at least 6.50% per annum (0.54167% per month) only if, on a given Review Date, the closing level of each index is at or above 70.00% of its Initial Value, the Interest Barrier. Missed interest can be paid later if a subsequent Review Date meets the barrier. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning January 28, 2027.
If not called, principal repayment at maturity depends on the Lesser Performing Index. If the Final Value of each index is at or above its Buffer Threshold (70.00% of Initial Value), investors receive full principal plus any due contingent interest. If the Final Value of either index falls below its Buffer Threshold, repayment is reduced by losses beyond a 30.00% Buffer Amount, up to a maximum loss of 70.00% of principal. The estimated value, if priced today, would be about $972.80 per $1,000 note and will not be less than $940.00 per $1,000 at pricing. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, unsubordinated and not FDIC insured.
JPMorgan Chase Financial Company LLC is offering $935,000 of unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on July 24, 2031. The notes pay a monthly Contingent Interest Rate of 13.41334% per annum (1.11778% per month) only when the Index is at or above 55.00% of its Initial Value on the relevant Review Date; investors may receive no interest at all.
Starting July 20, 2027, the notes are automatically called if, on certain Review Dates, the Index is at or above its Initial Value, returning principal plus the applicable contingent interest, with no further payments. If the notes are not called and the final Index level is below the 55.00% Trigger Value, repayment of principal is reduced one-for-one with the Index loss, potentially to zero.
The underlying Index dynamically allocates up to 500% leveraged exposure to E-mini S&P 500 futures while targeting 35% implied volatility and is subject to a 6.0% per annum daily deduction, which acts as a persistent drag on performance. The price to public is $1,000 per note, including $2.50 in selling commissions; proceeds to the issuer are $997.50 per note. The estimated value was $936.60 per $1,000 at pricing. The notes are not bank deposits, are not FDIC-insured, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as significant market, liquidity, leverage and index-design risks.
JPMorgan Chase Financial Company LLC is offering $1,487,000 of Callable Contingent Interest Notes linked individually to the Russell 2000 Index and the S&P 500 Index, due June 25, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Rate of 8.70% per annum, credited monthly (0.725% per month), only for Review Dates when the closing level of each index is at least 70.00% of its Initial Value (the Interest Barrier. If either index is below its Interest Barrier, no interest is paid for that period.
Beginning on January 25, 2027, the issuer may redeem the notes early on specified Interest Payment Dates at $1,000 per note plus any due contingent interest. If the notes are not redeemed and on the final Review Date either index is below 60.00% of its Initial Value (its Trigger Value), principal is reduced 1% for each 1% decline of the Lesser Performing Index, potentially to zero.
The price to the public is $1,000 per note, with estimated value $965.80 per $1,000 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC is offering $304,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing July 25, 2029, and fully guaranteed by JPMorgan Chase & Co.
The notes pay no interest or dividends and expose holders to up to 80.00% loss of principal, with a minimum maturity payment of $200 per $1,000 note if the least performing index falls 100%. Upside is leveraged at 1.375x any positive least-performing index return, while negative returns up to the 20.00% Buffer Amount generate an equal positive return, capped at $1,200 per $1,000 note if the least-performing index is down 20%. Below the buffer, investors lose 1% of principal for each 1% additional decline.
The price to public is $1,000 per note, including $9.50 in selling commissions, for issuer proceeds of $990.50 per note. The estimated value at pricing was $981.10 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., may be illiquid, and are expected to trade in the secondary market, if at all, below the original issue price.