JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities due July 20, 2029, linked to the lowest performing of the Nasdaq-100 Index, EURO STOXX 50 Index and Russell 2000 Index. Each security has a $1,000 principal amount and pays a contingent coupon of 11.55% per annum, payable quarterly only if the lowest performing index on the relevant calculation day is at or above its threshold level (75% of its starting level). The notes are auto-callable from January 2027 through April 2029 if the lowest performing index is at or above its starting level, in which case investors receive principal plus a final contingent coupon. If not called, and on the final calculation day the lowest performing index is below its threshold, investors incur a loss equal to the index’s negative return, potentially losing most or all principal. The price to public is $1,000 per security, with selling fees of $23.25 and proceeds to issuer of $976.75; the estimated value at pricing was $950.90 per security.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers Digital Buffered Notes linked to the MSCI Emerging Markets Index. Each $1,000 note offers a Contingent Digital Return of at least 16.00%, paid at maturity if the Index ending level is at or above its initial level, or down to a 15.00% buffer below that level. In those cases, investors receive up to $1,160 per $1,000 principal amount.
If the Index falls more than 15.00%, principal is exposed to leveraged downside: investors lose 1.17647% of principal for every 1% decline beyond the 15.00% buffer, potentially down to zero. 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 on an exchange. The estimated value at issuance is expected to be below the $1,000 price, approximately $985.70 per $1,000 note if priced on the described date, and not less than $970.00, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $99,198,000 of Medium‑Term Notes, Series A, Digital Equity Notes due August 24, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and bears no interest.
The notes are linked to an unequally weighted basket of five non‑U.S. equity indices: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%). The initial basket level is 100; the final basket level is calculated from each index’s performance and weight. If the final basket level is at or above the initial level, the return is positive and, in the payoff examples, investors receive at least a threshold settlement amount of $1,140 per $1,000 note, with higher payments when the basket rises further. If the basket ends below the initial level, repayment falls one‑for‑one with the basket and investors can lose up to their entire principal.
The estimated value is $981.90 per $1,000 at pricing, below the 100% issue price, reflecting selling commissions of 1.24% and structuring and hedging costs. The notes will not be listed, can have limited or no secondary liquidity, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. U.S. tax treatment is uncertain; counsel currently views the notes as open‑transaction prepaid financial contracts, and the issuer expects Section 871(m) withholding not to apply to Non‑U.S. holders based on current guidance.
JPMorgan Chase Financial Company LLC is issuing $1,958,000 of Uncapped Dual Directional Digital Barrier Notes linked to the least performing of the S&P 500, EURO STOXX 50 and Russell 2000, maturing on July 22, 2031 and fully guaranteed by JPMorgan Chase & Co.
At maturity, if each index is at or above its initial level, investors receive principal plus the greater of a 67.00% Contingent Digital Return or the least performing index’s return. If any index is below its initial level but all are at or above 70.00% of initial (Barrier Amount), investors receive principal plus the absolute decline of the worst index, capped at a 30.00% gain. If any index finishes below its Barrier Amount, repayment is principal reduced one-for-one by the least performing index’s loss, with potential loss of all principal.
The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity may be limited. The public issue price is $1,000 per note, including $41.25 in selling commissions; the issuer’s estimated value is $933.70 per $1,000, reflecting embedded structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $3,199,000 of unsecured structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and mature on July 22, 2030, with minimum denominations of $1,000.
At maturity, investors receive $1,000 per note plus an Additional Amount equal to $1,000 × Index Return × a 129.00% Participation Rate, but not less than zero, providing full principal repayment at maturity subject to issuer and guarantor credit risk. The Initial Index Value on July 17, 2026 was 596.71.
The price to public is $1,000 per note, including selling commissions of $7.50 and proceeds to the issuer of $992.50 per note. The estimated value at pricing was $981.70 per $1,000 note, reflecting embedded costs and hedging. The notes are not listed, may have limited liquidity, and are treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of original issue discount.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,887,000 of Digital Barrier Notes linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index, maturing on July 22, 2031, in $1,000 minimum denominations.
The notes offer a fixed 60.00% Contingent Digital Return at maturity if, on the July 17, 2031 observation date, the final level of each index is at least 85.00% of its initial level (the Digital Barrier). If any index is below its Digital Barrier but all are at or above 70.00% of their initial levels (the Barrier Amount), principal is returned. If any index finishes below its Barrier Amount, repayment is reduced 1% for each 1% decline of the least performing index, with the potential for a complete loss of principal.
The price to public is $1,000 per note, including $38 in selling commissions and proceeds to the issuer of $962 per note; the estimated value at pricing was $948.10. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC is offering Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a price to public of $1,000 per note and an aggregate offering amount of $3,563,000, with dealer compensation of $15 per note and issuer proceeds of $985 per note. The estimated value at pricing was $982.10 per $1,000 note.
The notes are automatically called on July 30, 2027 if the Index is at or above its Initial Level of 7,457.69, paying $1,000 plus a 10.30% call premium. If not called, at maturity on July 20, 2028 investors receive 1.5x any positive Index Return, full principal if the Index is unchanged, or a positive return equal to the Absolute Index Return when the Index has fallen by up to the 20.00% Contingent Buffer Amount (maximum $1,200 per $1,000 for negative Index performance). If the Index declines by more than 20%, principal is reduced 1% for each 1% drop, down to a total loss.
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. Tax treatment is based on an "open transaction" prepaid contract analysis, with detailed U.S. federal income tax and Section 871(m) considerations described.
JPMorgan Chase Financial Company LLC is issuing $2,770,000 of Medium-Term Notes, Series A, Capped Enhanced Participation Equity Notes due July 19, 2028, linked to the Russell 2000® Index and fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, an upside participation rate of 1.50x and a cap level of 128.38%, producing a maximum settlement amount of $1,425.70 per $1,000 note. The notes pay no interest and are not listed or redeemable; investors may lose some or all principal, with 1:1 downside if the final underlier level is below the initial level of 2,962.217.
The initial issue price is 100% of principal, including a 2.00% underwriting commission, for 98.00% net proceeds to the issuer. The issuer’s estimated value is $975.60 per $1,000 note, reflecting internal funding and hedging costs. Repurchases by JPMS may initially reflect some embedded costs, and secondary market values are expected to be lower than the issue price. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the tax treatment is uncertain, including potential implications of Section 871(m) for non‑U.S. holders.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 29, 2032, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. Investors receive a monthly Contingent Interest Payment only when the Index is at or above 70% of the Initial Value on the relevant review date; otherwise no interest is paid.
The notes are automatically called on quarterly review dates if the Index is at or above the Initial Value, returning $1,000 per note plus that period’s interest, with no further payments. If held to maturity without being called, principal is fully returned only if the Final Index Value is at or above 50% of the Initial Value (Trigger Value); below that level, repayment is reduced 1% for each 1% Index decline, down to zero.
The Index embeds a 6.0% per annum daily deduction and can use leverage up to 500% of E-mini S&P 500 futures exposure, creating significant performance drag and volatility. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $927 per $1,000 note, and will not be less than $900 at pricing.
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. The notes pay a contingent interest on monthly Interest Review Dates only if the Index closes at or above an Interest Barrier equal to 70% of the Initial Value. A quarterly autocall feature redeems the notes early at $1,000 plus the applicable interest if, on any Autocall Review Date starting on January 25, 2027, the Index closes at or above its Initial Value.
If the notes are not called, at maturity on July 29, 2032 investors receive $1,000 plus the final contingent interest if the Index is at or above a Trigger Value equal to 50% of the Initial Value; otherwise, repayment is reduced one-for-one with the Index decline, potentially to zero. The Index embeds a 6.0% per annum daily deduction and can use leverage up to 500% exposure to E-mini S&P 500 futures, which can materially drag performance and increase volatility. The estimated economic value is lower than the $1,000 issue price, illustrated at $925.20 per $1,000 if priced on the example date and not less than $900. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are illiquid, unsecured and not principal protected.