JPMorgan Chase Financial Company LLC is offering $738,000 of Auto Callable Contingent Interest Notes linked to the common stock of Lumentum Holdings Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, priced at 100% of principal with proceeds to the issuer of $990.50 per note and $9.50 in selling commissions.
The notes pay a monthly Contingent Interest Payment of $33.2083 per $1,000 (a 3% monthly rate, or 19.925% over the term) for any Review Date on which Lumentum’s share price is at or above the Interest Barrier/Trigger Value, set at 50.00% of the Initial Value of $765.55 (i.e., $382.775). Starting with the October 20, 2026 Review Date, the notes are automatically called if the stock closes at or above the Initial Value, returning $1,000 plus the applicable Contingent Interest and ending future payments.
If not called, and the Final Value on January 20, 2027 is at or above the Trigger Value, investors receive $1,000 plus the final Contingent Interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), exposing holders to losses greater than 50% of principal and potentially a total loss. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $960.10 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.25x leveraged upside on any positive lesser-index return, capped at a Maximum Upside Return of at least 23.40%, and a positive, uncapped "absolute" return for index declines of up to a 20.00% Buffer Amount.
If either index falls by more than the 20.00% buffer, principal is at risk on a 1:1 basis, with a maximum loss of 80.00% and a minimum payment of $200 per $1,000 note at maturity. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may be difficult to sell. The indicative estimated value is $985.40 per $1,000 note, and will not be less than $950.00 per $1,000 note when finalized, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC plans to issue capped buffered equity notes linked to the lesser performance of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.00x upside exposure to the lesser performing index at maturity, up to a maximum return of at least 35.40%. Principal is protected only by a 30.00% downside buffer; if the lesser performing index falls by more than 30.00%, investors lose 1% of principal for each additional 1% decline, for a maximum loss of 70.00% per $1,000 note.
The notes pay no interest and provide no dividends or voting rights in index constituents. They are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor, and are not FDIC insured. The minimum denomination is $1,000, with expected pricing on or about August 21, 2026, settlement on or about August 26, 2026, and maturity on August 24, 2028. If priced on the date shown, the estimated economic value would be $986.30 per $1,000 note and will not be less than $950.00 per $1,000 when finalized, reflecting embedded selling, structuring and hedging costs. Liquidity is limited, as the notes will not be listed on an exchange and secondary prices are expected to be below the original issue price.
JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the SPDR® Gold Trust, with a total issuance of $500,000. The notes provide 2.00x leveraged upside exposure to any positive Fund return at maturity if not called, and a 25.00% Contingent Buffer Amount against moderate declines. The Share Strike Price is $368.41, based on the Fund’s closing price on July 17, 2026.
The notes may be automatically called on July 30, 2027 if the Fund’s closing price is at or above the Share Strike Price, in which case investors receive $1,000 plus an 11.77% call premium per note on August 4, 2027. If not called and the Final Share Price on July 17, 2028 exceeds the Share Strike Price, the maturity payment equals $1,000 + ($1,000 × Fund Return × 2.00). If the Final Share Price is down by up to 25.00%, principal is returned; if it is down by more than 25.00%, investors lose 1% of principal for each 1% further decline, potentially up to total loss.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are fully and unconditionally guaranteed by JPMorgan Chase & Co. Any payment is subject to the credit risk of both entities. The price to public is $1,000 per note, including $15.00 in fees and commissions, with $985.00 in proceeds to the issuer. The estimated value at pricing is $979.60 per $1,000 note, reflecting selling costs and hedging assumptions. Significant risks include potential loss of principal beyond the buffer, reinvestment and liquidity risk, credit risk of the issuer and guarantor, and commodity- and fund-specific risks related to gold and the SPDR® Gold Trust.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $650,000.00 of Digital Contingent Buffered Notes linked to the common stock of Microsoft Corporation. The notes pay a fixed 16.65% Contingent Digital Return at maturity per $1,000 note if the Final Stock Price is at or above the Stock Strike Price of $393.82, or below it by up to the 25.00% Contingent Buffer Amount.
If the Final Stock Price is more than 25.00% below the Stock Strike Price, investors lose 1% of principal for each 1% decline, potentially up to a 100% loss. The maximum payment at maturity is $1,166.50 per $1,000 note, with no upside beyond this cap and no interim interest or dividends. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000.00 per note, including selling commissions of $10.00 per note, for net proceeds of $643,500.00, and the issuer’s estimated value at pricing was $981.80 per $1,000 note. The notes will not be listed, secondary liquidity may be limited, and tax treatment is based on treatment as open transactions and prepaid financial contracts, with specific U.S. federal income tax, Section 871(m) and FATCA considerations.
JPMorgan Chase Financial Company LLC is offering $920,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, due July 25, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Each note has a $1,000 principal amount, with upside exposure of 1.1725x any positive return of the least performing index at maturity and a “dual directional” feature: for index declines of up to the 20.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline, capped at $1,200 per $1,000 note if the least performing index return is negative. If any index falls by more than 20.00%, principal is reduced 1% for each 1% decline beyond 20.00%, down to a minimum of $200 per $1,000 note (an 80.00% loss of principal).
The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The price to public is $1,000 per note, including selling commissions of $9.50 and proceeds to the issuer of $990.50 per note. The issuer’s estimated value at pricing was $982.80 per $1,000 note, reflecting internal funding and hedging costs.
JPMorgan Chase Financial Company LLC is offering Trigger Performance Leveraged Upside Securities (Trigger PLUS), principal-at-risk structured notes linked to the S&P 500® Value Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and have a $1,000 stated principal amount per note, a maturity of about six years (August 5, 2032), and will not be listed on any exchange.
At maturity, if the index is above its initial level, investors receive $1,000 plus a leveraged gain of at least 125.00% of the index percent increase, capped at a maximum payment of $1,903.50 per note (190.35% of principal). If the index is at or below its initial level but at or above the trigger level of 80% of the initial index value, investors receive only the $1,000 principal. If the index closes below the trigger level, repayment equals $1,000 times the index performance factor, resulting in losses greater than 20% and up to a total loss of principal.
The issue price is $1,000 per note, including selling commissions and fees, with proceeds of $967.90 per note to the issuer. If priced on the date illustrated, the estimated value would be about $943.40 per $1,000, and will not be less than $920.00 on the pricing date, reflecting embedded costs and hedging. Any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and secondary market liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering $2,877,000 of Auto Callable Contingent Interest Notes linked separately to the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 10.15% per annum, credited monthly, but only for Review Dates when the closing level of each index is at least 70.00% of its Initial Value (the Interest Barrier.
Starting July 20, 2027, the notes are automatically called on certain Review Dates if the closing level of each index is at or above its Initial Value, paying $1,000 plus that period’s contingent interest and then terminating. If not called, and on the final Review Date both indices are at or above their Trigger Value (also 70.00% of Initial Value), investors receive full principal plus the final contingent interest. If either index finishes below its Trigger Value, the maturity payment is reduced by the full decline of the lesser performing index, down to a total loss of principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the issuer’s estimated value is $984, reflecting embedded costs and hedging. The notes are not listed, may be illiquid, pay no fixed interest or dividends, and have complex U.S. tax and withholding considerations.
JPMorgan Chase Financial Company LLC is issuing $250,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performing of the STOXX® Europe 600 Index and the EURO STOXX 50® Index, due July 24, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer 1.9945× participation in any appreciation of the lesser performing index when both finish above their initial levels. If either index is at or below its initial level but both remain at or above 65.00% Barrier Amounts, investors receive an uncapped positive return equal to the absolute decline of the lesser performer, up to 35.00%.
If either index ends below its 65.00% barrier, repayment is reduced 1:1 with the lesser performer’s loss, leading to losses greater than 35% and potentially a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are not exchange-listed, and have an estimated value of $967.10 per $1,000, below the $1,000 price to public.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Accelerated Barrier Notes linked to an equally weighted basket of fifteen listed stocks, in $1,000 minimum denominations. The notes provide 3.00x leveraged upside to any positive Basket Return, capped at a Maximum Return of at least 55.00%, corresponding to a maximum maturity payment of at least $1,550 per $1,000 note.
The Initial Basket Value is set to 100, with a Barrier Amount at 70.00% of that level. If the Final Basket Value is above the Initial Basket Value, the payout is $1,000 plus 3.00 times the Basket Return, subject to the cap. If the Final Basket Value is between the Initial Basket Value and the Barrier Amount (inclusive), investors receive only principal back. If the Final Basket Value is below the Barrier Amount, repayment is reduced 1:1 with the Basket’s loss, so investors will lose more than 30% of principal and could lose all of it.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and any payment is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The notes will not be listed, secondary liquidity may be limited, and the estimated value at pricing is expected to be below the $1,000 issue price due to selling commissions, structuring fees, hedging costs and other issuance expenses.