JPMorgan Chase & Co. is offering callable floating rate notes linked to a SOFR-based benchmark, scheduled to mature on February 27, 2036. Investors receive principal at maturity plus any accrued interest, provided the notes have not been redeemed early.
The notes pay interest quarterly at a rate equal to the applicable Benchmark Rate plus 1.00%, subject to a minimum interest rate of 3.00% per annum and a maximum interest rate of 6.00% per annum. Interest is calculated using Compounded SOFR (or a benchmark replacement after a benchmark transition event) over defined observation periods and uses a 30/360 day count convention.
JPMorgan may redeem the notes in whole, but not in part, on specified quarterly redemption dates from 2028 through 2035 at par plus accrued interest. The filing highlights risks tied to SOFR’s limited history, potential benchmark transitions, subordination of noteholders in a resolution scenario, and the possibility of limited secondary market liquidity.
JPMorgan Financial is issuing $838,000 of unsecured callable contingent interest notes linked to the worst performer of the S&P 500 Index, the State Street Technology Select Sector SPDR ETF and the VanEck Gold Miners ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a monthly contingent coupon at a rate of 13.25% per annum only if on a review date each underlying is at or above 60% of its initial value; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified interest payment dates starting May 15, 2026, paying $1,000 plus any due coupon.
If the notes are not called and any underlying finishes below its 60% trigger on the final review date, principal is reduced one-for-one with the decline of the worst-performing underlying, potentially down to zero. The notes priced at $1,000 per unit with an estimated value of $966.70, will not be listed, are subject to JPMorgan’s credit risk and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Morgan Stanley. The notes target a contingent interest rate of at least 11.10% per annum (2.775% per quarter), paid only when Morgan Stanley’s share price on a review date is at or above 65% of its initial level.
The notes can be automatically called as early as February 2027 if the stock closes at or above the initial value on designated review dates, returning principal plus the applicable interest payment. If the notes are not called and the final stock price is below 65% of the initial value, investors lose 1% of principal for each 1% stock decline and can lose their entire investment. The securities are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the least performing of the EURO STOXX 50 Index, the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, maturing in February 2029.
The notes can be automatically called in February 2027 if each underlying is at or above 100% of its initial value, paying $1,000 plus a call premium of at least $233 per $1,000 note. If held to maturity and all underlyings finish above their initial values, investors receive $1,000 plus 2.00 times the gain of the least performing underlying.
If any underlying finishes below its initial value but at or above 70% of its initial value, investors receive only their principal back. If any finishes below 70%, investors lose 1% of principal for each 1% decline in the least performing underlying and can lose their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and have an indicative estimated value of about $974.50 per $1,000, not less than $930 at pricing.
JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the common stock of Adobe Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.50x upside exposure to Adobe’s share price, capped at a maximum return of at least 51.90% and a maximum payment at maturity of at least $1,519 per $1,000 note.
Principal is protected only by a 20% downside buffer; if Adobe’s Final Value falls more than 20% below its Initial Value, holders lose 1% of principal for each additional 1% decline, up to an 80% loss. The notes pay no interest, pass through no dividends, are unsecured, not FDIC insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the described date, the estimated value would be about $976.30 per $1,000 note, and will not be less than $900 per $1,000 when terms are set.
JPMorgan Chase Financial Company LLC is issuing contingent interest notes due March 1, 2029, linked to the worst performer among three ETFs: iShares MSCI EAFE, iShares Russell 2000 and SPDR Dow Jones Industrial Average. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive monthly contingent interest of at least 7.20% per annum (at least 0.60% per month) if each ETF stays at or above 70.00% of its strike value on the relevant review date. If any ETF finishes below 70.00% at maturity, principal is reduced one-for-one with the worst fund’s loss, leading to losses greater than 30.00% and potentially a total loss of principal.
The notes are unsecured, unsubordinated obligations in $1,000 minimum denominations, not listed on any exchange, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An example estimated value is $991.40 per $1,000 note, with a minimum final estimated value of $960.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of Tesla, General Motors and Ford common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a five-year term, maturing on February 28, 2029, with a potential automatic call on February 26, 2027.
The notes are issued in $1,000 minimum denominations. If, on the Review Date, each stock closes at or above 100% of its initial value, the notes are automatically called at $1,000 plus a Call Premium Amount of at least $697. If not called and all final stock prices exceed initial values, investors receive an uncapped 3.00x leveraged return on the least performing stock.
If the final value of any stock is at or above 55% of its initial value, principal is returned at maturity. If any stock finishes below this barrier, repayment is reduced one-for-one with the least performing stock’s loss, and investors can lose most or all principal. The notes pay no interest, provide no dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the example date, the estimated value would be about $942.70 per $1,000 note, and at issuance it will not be less than $910.00, reflecting selling commissions, structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, maturing March 3, 2031. These unsecured notes target at least 1.73x any Index gain at maturity, with a barrier set at 75% of the Initial Value.
If the Index rises, investors receive $1,000 plus leveraged upside. If the Index finishes at or above the 75% barrier but not higher than the Initial Value, only principal is returned. Below the barrier, repayment drops one-for-one with the Index and can fall to zero, so investors may lose most or all principal.
The notes pay no interest, are issued in $1,000 minimum denominations, are not exchange-listed, and depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $944.80 per $1,000 today and will not be less than $920.00 when finalized, reflecting embedded selling commissions, hedging costs, and an internal funding rate. The notes reference an excess return commodity futures index, not spot commodity prices, and may be accelerated upon a commodity hedging disruption event.
JPMorgan Chase Financial Company LLC plans to issue Auto Callable Buffered Return Enhanced Notes linked to the KOSPI 200 Index, fully guaranteed by JPMorgan Chase & Co. The notes offer a potential automatic call on February 25, 2027 at par plus a Call Premium of at least $200 per $1,000 note if the Index is at or above the Initial Value.
If not called and the Index rises, holders receive 1.25 times the Index gain at maturity, subject to a 15% downside buffer. Beyond that buffer, investors lose 1% of principal for each additional 1% Index decline, up to an 85% loss. The notes pay no interest or dividends, are unsecured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the stated date, the estimated value would be about $976.70 per $1,000 note and will not be less than $950.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing in February 2028.
The notes offer uncapped upside of at least 1.0025 times any positive return when both indices rise, and a dual-direction feature that can pay up to a 15% gain if the lesser-performing index is flat or down by up to 15%. A 15% buffer absorbs only the first 15% of losses; if either index falls by more than 15%, principal is reduced 1% for each additional 1% drop, with up to 85% loss of principal possible. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, have $1,000 minimum denominations, and an indicative estimated value of about $988.20 per $1,000, not less than $950. Secondary market liquidity and pricing may be limited and below the issue price.