JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, unsubordinated structured notes linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index, maturing on February 14, 2030.
Each note has a $1,000 denomination, 100% participation in any positive return of the Least Performing Index and a maximum additional amount of at least $706.50 per $1,000, capping the total maturity payment at no more than about 170.65% of principal. If all three indices finish above their initial levels, investors receive principal plus this capped upside.
If any index finishes below its initial level, the maturity payment equals $1,000 plus the Least Performing Index return, but not less than $950 per $1,000, so investors bear up to a 5% loss of principal. The notes pay no interest, provide no dividends, are not listed, and any sale before maturity may occur at prices below the original issue price. An example estimated value is $957.90 per $1,000, and will not be less than $900, reflecting structuring and distribution costs. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the product is expected to be treated as a contingent payment debt instrument for U.S. federal income tax purposes.
JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the MSCI Emerging Markets Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on August 15, 2030, unless called earlier.
The notes may be automatically called on August 12, 2027 if the Index is at or above 100% of its initial level, paying $1,000 plus a call premium of at least $212.50 per note. If not called and the Index is higher at maturity, investors receive 1.40 times the Index’s gain. A 20% downside buffer applies, after which losses accelerate at a 1.25x rate, so a large Index decline can result in substantial or total principal loss.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The estimated value, if priced on the indicated date, is $985.40 per $1,000 note and will not be less than $960.00 per $1,000 at issuance.
JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq‑100 Index® and Russell 2000® Index, maturing August 15, 2031, in minimum denominations of $1,000. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not bank deposits or FDIC insured.
At maturity, if the Final Value of each Index is at least its Initial Value, investors receive $1,000 plus the greater of a Contingent Digital Return of at least 77.00% or the actual return of the least performing Index. If any Index is below its Initial Value but all are at or above a Barrier Amount of 70.00% of Initial Value, investors receive principal only. If any Index finishes below its Barrier Amount, principal is reduced 1% for each 1% decline of the least performing Index, down to a total loss.
The notes pay no interest and provide no dividends or equityholder rights. If priced on the date illustrated, the estimated value would be about $974.50 per $1,000, and will not be less than $900.00 at pricing, reflecting embedded selling commissions, hedging costs and dealer profits. Liquidity is limited because the notes are not exchange‑listed, and secondary prices are expected to be below the original issue price. Returns and repayment are subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMorgan Financial is offering Auto Callable Contingent Interest Notes due September 2, 2032, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 18.00% per annum, evaluated monthly, but only when the Index closes at or above 70% of the Initial Value (the Interest Barrier); otherwise no interest is paid.
The notes may be automatically called quarterly starting March 1, 2027 if the Index 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 not called, at maturity investors receive $1,000 plus the final contingent interest if the Index is at or above a Trigger Value of 50% of the Initial Value; if the Final Value is below the Trigger, repayment is reduced 1% for each 1% Index decline, down to zero, so principal loss can be total.
The underlying Index is a leveraged, rules-based strategy on E-mini S&P 500 futures, targeting 35% implied volatility with exposure between 0% and 500%, and is reduced by a 6.0% per annum daily deduction, which drags performance and is a key input to note pricing. The estimated value, if priced today, would be $928.50 per $1,000 note, and will not be less than $900.00 at pricing, reflecting embedded fees, hedging costs and dealer profits. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. and will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to Advanced Micro Devices, Inc. stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date when AMD’s closing price is at or above 50.00% of the Initial Value, the Interest Barrier, with a Contingent Interest Rate of at least 21.00% per annum (5.25% per quarter).
The notes are automatically called if AMD’s price on any non-final Review Date is at or above the Initial Value, returning $1,000 principal plus the applicable contingent interest. If not called and AMD’s Final Value is below the Trigger Value, also 50.00% of the Initial Value, holders receive $1,000 + ($1,000 × Stock Return) and can lose a significant portion or all principal. The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000. An indicative estimated value is $949.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The notes will not be listed, may have limited liquidity, and expose investors to issuer and guarantor credit risk and complex U.S. tax treatment.
JPMorgan Chase & Co. reported higher Q2 2026 results, with total net revenue of $57.3 billion, up 28% from Q2 2025, and net income of $21.2 billion, up 41%. Diluted EPS was $7.70, return on common equity was 24%, and return on tangible common equity was 29%. Results included a $4.6 billion net gain on Visa shares and $1.0 billion of gains on certain equity investments.
Net interest income rose 10% to $25.5 billion, while noninterest revenue grew 47% to $31.8 billion, driven by Markets, asset management fees, and higher investment banking fees. Credit metrics included a $2.5 billion provision for credit losses, a $31.5 billion allowance for credit losses, and nonperforming assets of $9.8 billion. As of June 30, 2026, CET1 capital was $303 billion with CET1 ratios of 14.2% and an SLR of 5.5%, alongside roughly $1.5 trillion of liquidity sources. Consumer & Community Banking, CIB and AWM generated ROEs of 34%, 22% and 48%, respectively. The firm holds a forward purchase commitment to acquire the Apple Card portfolio, and management’s 2026 outlook includes net interest income of approximately $105.5 billion and adjusted expense of about $107.5 billion.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, maturing on August 26, 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes have a $1,000 minimum denomination and provide an uncapped upside at maturity equal to at least 1.80× any positive return of the least performing index. If all indices finish at or above 75% of their Initial Value (the Barrier Amount), principal is returned. If any index closes below its Barrier Amount, repayment is reduced 1% for each 1% decline of the least performing index from its Initial Value, potentially resulting in a total loss of principal.
The notes pay no interest, provide no dividends or equity rights, and are subject to the unsecured credit risk of both the issuer and guarantor. The indicative estimated value is approximately $970 per $1,000 note, and will not be less than $940 at pricing, reflecting embedded costs and hedging margins.
JPMorgan Chase Financial Company LLC is offering Buffered Digital Notes due September 10, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, on a non-basket basis.
For each $1,000 note, investors receive a fixed 8.70% Contingent Digital Return at maturity if the final level of the least performing index is at or above its initial level, or down by up to the 25.00% Buffer Amount. If any index falls by more than 25.00%, principal is reduced 1% for every 1% decline beyond the buffer, with a minimum repayment of $250 (a 75.00% loss of principal).
The notes pay no interest or dividends, are unsecured and unsubordinated, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000. If priced on the indicated date, the estimated value would be about $988.20 per $1,000, and will not be less than $900.00, reflecting embedded costs and hedging. Secondary market liquidity is not assured, and any sale before maturity may result in substantial loss.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on August 14, 2031, unless automatically called earlier.
Investors receive a Contingent Interest Payment for any Review Date on which the closing level of each Index is at or above 70% of its Initial Value (the Interest Barrier). Beginning with the sixth Review Date (earliest call date February 10, 2027), the notes are automatically called if the closing level of each Index is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and then terminating.
If the notes are not called and, on the final Review Date, the Final Value of any Index is below its Trigger Value (also 70% of Initial Value), the repayment of principal is reduced one-for-one with the decline of the Least Performing Index, potentially to zero. The illustrative minimum Contingent Interest Rate is 7.15% per annum, and the indicative estimated value is $944 per $1,000 note, not less than $900 at pricing. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering structured notes linked to the lesser performing of the iShares Silver Trust (SLV) and SPDR Gold Trust (GLD), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 denominations, are scheduled to price on or about August 7, 2026 and mature on August 12, 2031.
The notes may be automatically called quarterly starting August 11, 2027 if the closing price of one share of each fund is at least its Initial Value (100% Call Value), paying back principal plus a call premium starting at a minimum of 15.20% of principal on the first Review Date and rising to at least 76.00% by the final Review Date. The notes pay no interest and investors forgo upside beyond these premiums.
At maturity, if not called, principal is protected only by a 20.00% Buffer Amount. If either fund has fallen by more than 20%, repayment is reduced dollar-for-dollar based on the Lesser Performing Fund Return, with investors exposed to losses of up to 80.00% of principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced today, is about $968.30 per $1,000 note, and when set will not be less than $900.00.