JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to an unequally weighted basket consisting of 65.00% S&P 500® Futures Excess Return Index, 25.00% iShares® MSCI EAFE ETF and 10.00% iShares® MSCI Emerging Markets ETF, maturing July 29, 2031.
The notes provide at least 1.945x any positive basket return at maturity, with principal protection only if the final basket value is at or above 80.00% of the initial basket value. If the basket closes below this barrier on the observation date, repayment is reduced one-for-one with the basket loss, down to a complete loss of principal.
The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial subject to the credit risk of both the issuer and guarantor, and will not be listed on an exchange. Minimum denomination is $1,000. If priced on the reference date described, the estimated value would be about $980.10 per $1,000 note and will not be less than $950.00 when set, reflecting embedded selling commissions, hedging costs and issuer economics.
JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due January 31, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed 5.00% per annum coupon, calculated on a 30/360 day count basis and paid in arrears on July 31 of each year from 2027 through 2029 and on the Maturity Date, subject to earlier redemption.
Beginning January 31, 2027, and on the last calendar day of January, April, July and October through October 31, 2029, the issuer may redeem the notes in whole at par plus accrued interest. The minimum denomination is $1,000 per note, with a price to the public between $992.60 and $1,000 per $1,000 principal amount. Indicative selling commissions are approximately $1.50 per $1,000 note, capped at $5.00. For U.S. federal income tax purposes, the notes are expected to be treated as fixed-rate debt instruments issued without original issue discount.
JPMorgan Chase Financial Company LLC is issuing $5,288,000 of Contingent Income Auto-Callable Securities due July 20, 2029, linked to the Class A common stock of CrowdStrike Holdings, Inc. Each security has a $1,000 stated principal amount and an issue price of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive a contingent quarterly payment of $47.25 (4.725% of principal) per security on each determination date when the CrowdStrike closing price is at or above the downside threshold level of $101.54, equal to 50% of the initial stock price of $203.08. If the underlying closes below the threshold on a determination date, no payment is made for that period, and unpaid amounts do not earn additional interest.
If on any non-final determination date the stock closes at or above the initial stock price of $203.08, the notes are automatically redeemed early for principal plus the applicable contingent payment and any previously unpaid contingent payments. At maturity, if not called earlier and the final stock price is at or above the threshold, investors receive principal plus the contingent payment (and any unpaid contingent payments). If the final stock price is below the threshold, the payoff is $1,000 multiplied by the stock performance factor (final price/initial price), resulting in a loss of more than 50% of principal and possibly all of it. Investors do not participate in any stock price appreciation and are exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value on the pricing date is $949.70 per $1,000 security.
JPMorgan Chase Financial Company LLC plans to issue Callable Fixed Rate Notes due January 31, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 4.40% per annum, with interest payable in arrears on July 31, 2027 and at maturity, using a 30/360 day count convention.
The issuer may redeem the notes in whole on the last calendar day of January, April, July and October 2027 (from January 31, 2027 through October 31, 2027) at par plus accrued interest, subject to a following Business Day Convention. The price to the public per $1,000 principal amount note will be between $997.60 and $1,000, and selling commissions are expected to be about $1.50 and capped at $5.00 per $1,000 principal amount. The notes are unsecured obligations, not bank deposits and not insured by the FDIC, and are expected to be treated as fixed-rate debt issued without original issue discount for U.S. federal income tax purposes.
JPMorgan Chase Financial Company LLC is offering $2,415,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Basket-Linked Notes due July 20, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.
The notes are linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%), with an initial basket level of 100. At maturity, investors receive 2x the positive basket return, capped at a cap level of 115.46% of the basket and a maximum settlement amount of $1,309.20 per $1,000 note. A 10% buffer protects principal if the basket decline is up to 10%; below a buffer level of 90%, losses are amplified at a buffer rate of approximately 1.1111, and investors can lose their entire investment.
The original issue price is 100% of principal, including a 2.00% underwriting commission, resulting in 98.00% net proceeds to the issuer. The estimated value at pricing is $975.50 per $1,000 note. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, not redeemable prior to maturity, and are not FDIC insured. Tax treatment is uncertain and relies on treatment as an open prepaid financial contract.
JPMorgan Chase Financial Company LLC is offering $27,000,000 of Step Down Trigger Autocallable Notes linked to the lesser performing of the Nasdaq-100 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The Notes are issued at $10 per Note (minimum investment $1,000). They may be automatically called quarterly after a one-year non-call period if each index is at or above its Initial Value, or on the Final Valuation Date if each is at or above its Downside Threshold (75% of Initial Value). The Call Return is based on a 11.40% per annum rate, reaching 34.20% (Call Price $13.420 per $10) if called at maturity in July 2029.
If the Notes are not called and either index finishes below its Downside Threshold, repayment at maturity equals $10 × (1 + Lesser Performing Underlying Return), so principal loss is proportionate to the decline of the worse-performing index, up to a 100% loss. The Notes pay no interest, are unsecured, not FDIC insured, and payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $9.552 per $10 Note, below the issue price, reflecting fees, commissions and hedging costs.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities with an aggregate principal amount of $1,270,000 (1,270 securities at $1,000 each) linked to the lowest performing of the EURO STOXX 50® Index, STOXX® Europe 600 Index and iShares® MSCI EAFE ETF, maturing on July 22, 2032.
At maturity, investors receive leveraged upside if the lowest performing underlying finishes above its starting value, calculated as $1,000 plus 252% of its positive return. If the lowest performing underlying is at or above 70% of its starting value, principal is returned. If it closes below this 70% threshold, repayment falls dollar-for-dollar with the decline, and investors can lose more than 30%, up to all, of principal.
The price to the public is $1,000 per security, with underwriting fees of $43.70 and issuer proceeds of $956.30 per security; the issuer’s estimated value is lower at $919.00, reflecting selling, structuring and hedging costs. The notes are unsecured obligations, not bank deposits, and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC is offering Capped Fixed to Floating Rate Notes due July 31, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive the principal at maturity plus any accrued and unpaid interest.
The notes pay a fixed 6.00% per annum during the first twelve months. Thereafter, interest is floating each Interest Period at Compounded SOFR plus 0.30%, subject to a 0.00% minimum and a 6.00% maximum per annum. Interest is paid quarterly on the last calendar day of January, April, July and October, beginning October 31, 2026, using a 30/360 day count convention.
SOFR-based interest may be volatile, and negative Daily SOFR values can reduce interest to zero after the initial period. The notes will not be listed on any exchange, and liquidity may depend on J.P. Morgan Securities LLC making a secondary market. Benchmark transition provisions allow a Benchmark Replacement if a Benchmark Transition Event occurs, which may affect returns. Tax treatment as variable rate debt instruments remains subject to confirmation by tax counsel, and the issuer may terminate the offering if it cannot be confirmed.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes due July 28, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, with $1,000 minimum denominations.
Investors may receive a Contingent Interest Payment on each monthly Review Date only if the closing level of each Index is at least 70.00% of its Initial Value (the Interest Barrier). If the notes are not redeemed early and, on the final Review Date, the Final Value of any Index is below 60.00% of its Initial Value (the Trigger Value), principal is reduced 1% for each 1% decline in the Least Performing Index, potentially to zero.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning January 28, 2027, paying $1,000 plus any due contingent interest. The indicative estimated value is approximately $958.90 per $1,000, and will not be less than $920.00, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Contingent Income Auto-Callable Securities due July 20, 2029 linked to the common stock of Palo Alto Networks, Inc. The aggregate principal amount is $15,285,000, with each security having a stated principal of $1,000 and an issue price of $1,000.
Investors may receive a contingent quarterly payment of $48.125 per $1,000 (4.8125%) for each determination date on which the underlying stock closes at or above the downside threshold level of $215.208, equal to 60% of the initial stock price of $358.68. 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 called and the final stock price is at or above the downside threshold, investors receive principal plus the final contingent payment and any unpaid contingent payments. If the final stock price is below the downside threshold, repayment of principal is reduced 1-to-1 with the stock decline via the stock performance factor, and the maturity payment will be less than 60% of principal and could be zero. The estimated value on the pricing date is $955.40 per $1,000, and any payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.