JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due January 27, 2028, linked to the lesser performing of the S&P 500 Index and the VanEck Semiconductor ETF. The notes pay a Contingent Interest Payment on each monthly Review Date only if the closing value of each underlying is at least 70.00% of its Initial Value (the Interest Barrier). The Contingent Interest Rate will be at least 18.50% per annum, paid at a hypothetical rate of 1.54167% per month.
The notes are automatically called if, on any Review Date other than the first, second and final, the closing value of each underlying is at least its Initial Value, in which case investors receive $1,000 plus the contingent interest for that date and no further payments. If not called, at maturity investors receive $1,000 plus the final contingent interest only if the Final Value of each underlying is at least its Trigger Value of 50.00% of Initial Value. If the Final Value of either underlying is below its Trigger Value, the repayment of principal is reduced 1% for each 1% decline of the lesser performing underlying from its Initial Value, exposing investors to a significant or total loss of principal. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an indicative estimated value of $960.40 per $1,000 principal amount and a minimum denomination of $1,000.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due August 1, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average®, the State Street® Energy Select Sector SPDR® ETF and the State Street® Utilities Select Sector SPDR® ETF, with payments based on each underlying individually rather than a basket.
Investors may receive a monthly Contingent Interest Payment only when the closing value of each underlying on an interest review date is at least 70% of its Initial Value. The notes are automatically called, starting as early as July 29, 2027, if on a quarterly autocall review date each underlying is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments.
If the notes are not called, maturity payment depends on the worst performer. If the final value of each underlying is at least 65% of its Initial Value, investors receive principal plus any final contingent interest; if any underlying finishes below its Trigger Value, repayment is reduced by the negative return of the least performing underlying, so investors can lose a substantial portion or all of principal. The estimated value, if priced today, is $933.90 per $1,000 note, and will not be less than $900.00 when set, reflecting embedded fees, hedging costs and dealer compensation. The notes are unsecured, unsubordinated obligations, not FDIC insured, not listed on any exchange, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of July 31, 2031 and a minimum denomination of $1,000.
The notes may be automatically called on any of 17 Review Dates starting August 2, 2027 if the Index closing level is at or above the Call Value, paying $1,000 plus a Call Premium Amount starting at 20% of principal on the first Review Date and rising to 100% on the final Review Date. If not called and at maturity the Index has fallen by more than the 15% Buffer Amount, the payoff is reduced dollar-for-dollar beyond that buffer, with up to an 85% loss of principal.
The Index incorporates a 6.0% per annum daily deduction and a daily notional financing cost, which reduce its performance and will cause it to trail an identical index without such charges. If priced today, the estimated value would be about $907.30 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The notes pay no interest, do not provide QQQ Fund dividends, are unsecured obligations and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is issuing $1,401,000 of Auto Callable Contingent Interest Notes, each with $1,000 principal, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a 12.00% per annum Contingent Interest (1.00% per month) only when the Index on an Interest Review Date is at or above 80.00% of the Initial Value; missed coupons can be paid later if the barrier is subsequently met. The notes are automatically called on quarterly Autocall Review Dates if the Index is at or above its Initial Value, returning principal plus due contingent interest. If not called, at maturity investors receive principal back only if the Final Index Value is at or above the 85.00% Buffer Threshold; below that level, losses match Index declines beyond the 15.00% Buffer Amount, up to an 85.00% principal loss. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, which create a drag so the Index will trail an identical index without these charges. The estimated value was $911.90 per $1,000 note, below the $1,000 issue price, reflecting commissions and structuring and hedging costs. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. and the notes are unsecured, not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500 Index. Each note has a $1,000 price to the public, including $30 in fees and commissions, for total proceeds to the issuer of $485,000 on a $500,000 aggregate offering.
The notes offer a fixed Contingent Digital Return of 109.80%, giving a maximum payment at maturity of $2,098 per $1,000 note if the S&P 500 ending level is at or above the strike or down by up to the 10.00% Contingent Buffer Amount. If the index declines by more than 10% from the Index Strike Level of 7,533.77, investors lose 1% of principal for each 1% index loss and can lose their entire principal. Key dates include a pricing date of July 17, 2026, valuation date of July 16, 2036, and maturity date of July 21, 2036.
The estimated value of the notes at issuance is $950.30 per $1,000, reflecting internal funding and hedging costs, which is lower than the issue price. The notes are unsecured obligations, not deposits, and are subject to market risk, issuer credit risk, potential illiquidity, and complex U.S. tax treatment, including open-transaction treatment and Section 871(m) considerations for non-U.S. holders.
JPMorgan Chase Financial Company LLC is issuing $1,174,000 of Uncapped Digital Barrier Notes linked to the lesser performing of the S&P 500 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, prices at 100% of face value and is expected to settle on or about July 22, 2036, with maturity on July 22, 2030, after an observation date of July 17, 2030.
The notes provide uncapped, unleveraged exposure to any appreciation of the lesser performing index at maturity, subject to a Contingent Digital Return of 50.10%. If the final level of each index is at or above its initial level, investors receive $1,000 plus the greater of the 50.10% digital return or the actual return of the lesser performer. If at least one index is below its initial level but both remain at or above their Barrier Amount of 75% of initial, principal is returned at par. If either index finishes below its barrier, repayment is fully exposed to the lesser performing index’s loss, and investors can lose more than 25% and up to all principal.
The initial levels are 7,457.69 for the S&P 500 and 2,962.217 for the Russell 2000, with barrier levels at 5,593.2675 and 2,221.66275, respectively. The notes pay no interest, provide no dividends, will not be listed on an exchange and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $979.80 per $1,000 note, below the issue price due to structuring and hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC is offering $2,200,000 of Medium-Term Notes, Series A, Capped Enhanced Participation Basket-Linked Notes due January 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 equity index basket: 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 $1,000 plus twice the basket return (upside participation rate 2.00), capped at a maximum settlement of $1,313 per $1,000 if the final basket level exceeds 115.65% of the initial level. If the basket declines, principal is reduced one-for-one with the basket return, and investors can lose their entire investment.
The original issue price is 100% of principal, including a 1.51% underwriting commission, resulting in 98.49% net proceeds to the issuer. The estimated value at pricing was $980.40 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, have no early redemption, and involve complex tax and secondary market valuation considerations.
JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index. The Notes are issued at $10 per Note in minimum investments of $1,000, pay a contingent quarterly coupon expected between 8.85% and 9.35% per annum only if both indexes are at or above their Coupon Barriers, and are automatically callable quarterly after six months if both indexes are at or above their Initial Values.
If not called, and on the Final Valuation Date (July 23, 2029) each index is at or above its Downside Threshold (70% of its Initial Value), investors receive full principal plus any due coupon at maturity (July 26, 2029). If either index finishes below its Downside Threshold, repayment is reduced to $10 × (1 + Lesser Performing Underlying Return), exposing investors to a proportional loss of principal, potentially to zero. Selling commissions are $0.20 per $10 Note (proceeds of $9.80 per Note to the issuer), and the indicative estimated value is about $9.631, not less than $9.30 per $10 Note. Any payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the Notes will not be listed on any securities exchange.
JPMorgan Chase Financial Company LLC is offering Digital Buffered Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to pay a fixed return if the S&P 500 ending level is at or above its initial level, or down by no more than the 10.00% Buffer Amount.
At maturity (expected August 11, 2027), investors receive $1,000 plus a Contingent Digital Return of at least 9.22% per $1,000 note, for a maximum payment of $1,092.20, if the index decline does not exceed the buffer. If the index is down by more than 10.00%, principal loss is leveraged: for every additional 1% decline beyond the buffer, repayment is reduced by 1.11111%, potentially leading to a total loss of principal.
The notes pay no interest or dividends and have minimum denominations of $10,000. An indicative estimated value is $987.20 per $1,000 at pricing, with a floor of $970.00, 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. They will not be listed, and any secondary market is expected to be limited. Separately, JPMorgan has previously committed $900,000 in donations to Blue Star Families, independent of this offering.
JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the MSCI Emerging Markets Index, guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination (minimum investment $10,000).
The notes may be automatically called on August 6, 2027 if the Index closing level is at or above its Initial Index Level, paying $1,000 plus a call premium of at least 22.90% per note. If not called and the Index is above the Initial Index Level at maturity on July 27, 2028, investors receive uncapped leveraged upside of at least 1.25x the Index gain.
If held to maturity and the Index has fallen by up to the 15.00% Buffer Amount, principal is returned. Below this buffer, principal loss is magnified: investors lose 1.17647% of principal for each 1% Index decline beyond 15.00%, up to a total loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are expected to have an estimated value below the $1,000 issue price. They will not be listed, and secondary market liquidity and pricing are uncertain.