JPMorgan Chase Financial Company LLC is offering structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with automatic call features through August 3, 2032. The notes may be called early if the Index on a Review Date is at or above the applicable Call Value, paying $1,000 plus a Call Premium Amount that starts at at least 27.15% of principal and can reach at least 162.90% on the final Review Date. If the notes are not called and the Final Value is at least the Barrier Amount of 50% of the Initial Value, investors receive principal back at maturity; if the Final Value is below the Barrier, repayment is $1,000 plus $1,000 times the Index Return, meaning losses of more than 50% and up to the full principal are possible.
The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund component, which will drag performance and cause the Index to trail an otherwise identical index without such charges. The Index employs a target-volatility mechanism (35% target, with exposure between 0% and 500%), can be leveraged and may at times be significantly uninvested. The indicative estimated value is approximately $942.90 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity and secondary market pricing are uncertain.
JPMorgan Chase Financial Company LLC is offering Structured Investments Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on quarterly Review Dates starting August 3, 2027 if the Index is at or above 90% of its Initial Value (the Call Value), paying $1,000 plus a fixed Call Premium Amount that ranges from at least 19.00% on the first Review Date up to at least 57.00% on the final Review Date.
If the notes are not called, and on the final Review Date in July 2029 the Index is at or above 75% of the Initial Value (the Barrier Amount), investors receive only their principal. If the Final Value is below the Barrier Amount, repayment is reduced one-for-one with the Index loss, so investors may lose more than 25% and up to all of their principal. The Index itself is a leveraged, rules-based strategy on E-mini S&P 500 futures with a 35% target volatility and is subject to a 6.0% per annum daily deduction, which creates a persistent drag on performance. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing is expected to be below par, approximately $920 per $1,000 note and not less than $900.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured notes linked to the lesser performance of the Nasdaq‑100 Index and the Russell 2000 Index, maturing on August 1, 2029. The notes may be automatically called as early as July 29, 2027 if the closing level of each index on a review date is at or above 100% of its initial level. In that case, investors receive $1,000 plus a call premium of at least 11.750% on the first review date, rising to at least 35.250% on the final review date.
The structure includes a 30.00% Buffer Amount. If the notes are not called and the lesser performing index is down by no more than 30% at final valuation, principal is returned. If it is down by more than 30%, repayment is reduced dollar‑for‑dollar beyond the buffer, up to a maximum loss of 70.00% of principal. The notes pay no interest or dividends, have a minimum denomination of $1,000, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $980.90 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase & Co. common stock is planned to be sold under a notice covering 15,631 shares, to be traded on the NYSE on July 21, 2026. The class is common stock with $1 par value.
The planned sale relates to shares acquired on January 13, 2026 as a result of awards granted by the issuer as equity compensation. The filing reports an aggregate market value for the securities covered of $5,393,778.23, and lists 2,658,186,195 shares of this class as outstanding for context.
The filing also notes that in the past three months, Marianne Lake sold 6,427 shares of the same common stock class on May 15, 2026 for total proceeds of $1,917,530.84.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $500,000 of Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, maturing on July 21, 2033. The notes are priced at $1,000 per note, with dealer fees of $42.75 per $1,000 and issuer proceeds of $957.25 per note.
The notes may be automatically called quarterly starting July 22, 2027 if the Index closes at or above an increasing Call Value, paying back $1,000 plus a step-up Call Premium Amount (from 9.00% on the first Review Date to 60.75% on the twenty-fourth). If not called, at maturity investors receive $1,000 plus an Additional Amount equal to $1,000 × Index Return × 100% if the Final Index Value exceeds the Initial Value; otherwise, they receive only principal, all subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
The underlying J.P. Morgan Multi-Asset Index (Initial Value 314.15) is a rules-based, multi-asset, excess return index with a 1.00% per annum daily deduction and volatility targeting. The estimated value of the notes at pricing was $917.70 per $1,000, lower than the issue price due to selling, structuring and hedging costs. The notes pay no interest, are unsecured and not FDIC insured, and are expected to be treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $3,487,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the Nasdaq‑100 Futures Excess Index, maturing July 22, 2031. The notes provide 1.64x leveraged upside on any positive Index return at maturity and a dual‑direction feature that pays the absolute value of Index losses up to 40% if the Index ends at or above a 60% Barrier Amount of the initial level.
If the Final Value is below the Barrier Amount, repayment of principal is reduced one‑for‑one with Index losses, and investors can lose up to 100% of principal. The notes pay no interest, are unsecured and unsubordinated obligations of the finance subsidiary, and any payment depends on the credit of both the issuer and guarantor. The minimum denomination is $1,000. The initial Index level was 751.6487, and the issuer’s estimated value was $972 per $1,000 note, below the issue price due to structuring and hedging costs.
JPMorgan Financial is offering unsecured 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 matures on July 27, 2029, with the earliest automatic call on January 25, 2027.
Investors receive a Contingent Interest Payment for each Review Date on which the Index closes at or above 70% of the Initial Value (the Interest Barrier), at a Contingent Interest Rate of at least 13.35% per annum. The notes are automatically called (other than on specified early and final Review Dates) if the Index closes at or above its Initial Value, returning $1,000 plus interest.
If not called and the Final Value is below the Trigger Value of 50% of the Initial Value, principal is reduced one-for-one with the Index loss, potentially to zero. The Index itself is highly engineered: it targets 35% implied volatility, can employ up to 500% futures leverage, and is subject to a 6.0% per annum daily deduction, which creates a persistent drag versus an equivalent index without this charge.
JPMorgan Chase Financial Company LLC is issuing $1,334,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the Nasdaq-100 Futures Excess Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note, with an estimated value of $939.80 when issued, and mature on July 22, 2032.
At maturity, if the Index is above its Initial Value, investors receive 1.71 times the Index gain. If the Index is flat or down but at or above 60% of the Initial Value, investors receive the absolute value of the Index loss, capped at a 40% gain (maximum $1,400 per $1,000 note in negative Index scenarios). If the Index finishes below the 60% barrier, principal is exposed 1-for-1 to Index losses and up to 100% of principal can be lost. The notes pay no interest, are unsecured, not listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex tax and market risks.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due January 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked, on a worst-of basis, to the Russell 2000®, S&P 500® and EURO STOXX 50® indices.
Investors may receive a Contingent Interest Payment on each Review Date only if the closing level of each index is at least 70.00% of its Initial Value, the Interest Barrier. The notes may be automatically called beginning October 26, 2026 if on a Review Date (other than the first, second and final) each index is at or above its Initial Value.
If the notes are not called and, at maturity, any index is below its Trigger Value (also 70.00% of Initial Value), repayment of principal is reduced 1% for each 1% decline of the Least Performing Index, potentially to zero. The indicative Contingent Interest Rate will be at least 11.00% per annum, and the estimated value, if priced today, would be about $982.80 per $1,000 note, not less than $900. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is issuing Trigger Autocallable Contingent Yield Notes, guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Russell 2000 Index and the EURO STOXX 50 Index. The Notes have a $10 principal amount (minimum purchase $1,000) and an expected term of approximately 3 years, from a July 22, 2026 trade date to a July 26, 2029 maturity, with quarterly observation dates.
The Notes pay a contingent quarterly coupon at an annual rate expected between 10.85% and 11.35%, only if on an Observation Date the closing level of each index is at or above its Coupon Barrier, set at 70% of its Initial Value. After an initial six‑month non‑call period, the Notes are automatically callable quarterly if each index closes at or above its Initial Value; if called, investors receive principal plus that quarter’s coupon and no further payments.
If the Notes are not called, and on the Final Valuation Date each index is at or above its Downside Threshold (also 70% of Initial Value), investors receive principal plus the final coupon. If either index finishes below its Downside Threshold, repayment is reduced to $10 × (1 + Lesser Performing Underlying Return), exposing investors to full downside of the weaker index and potential total loss of principal, with no guaranteed coupons. The Notes are unsecured obligations subject to the credit of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and have an estimated value below the $10 issue price (illustratively about $9.815, and not less than $9.50 per $10). JPMorgan has separately donated $400,000 to Hope & Heroes; these donations are unconditional and not tied to Note sales.