JPMorgan Chase & Co. is offering callable fixed-rate notes due February 27, 2031. The notes pay 4.10% per annum, with interest paid yearly on February 27, starting in 2027, using a 30/360 day-count convention.
JPMorgan may redeem the notes at par plus accrued interest on February 27 and August 27 of each year from 2028 through 2030. At maturity, if not previously called, investors receive their principal plus any accrued and unpaid interest.
The notes are unsecured obligations of JPMorgan Chase & Co. and structurally junior to liabilities of its subsidiaries. In a resolution scenario, losses would first be absorbed by equity and then unsecured creditors, including holders of these notes, who may not recover full principal and interest.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 27, 2031. The notes pay interest annually at a fixed rate of 4.15% per annum on a $1,000 principal amount, using a 30/360 day-count, with payments each February 27 starting in 2027. At maturity, investors receive their principal plus any accrued and unpaid interest if the notes have not been called.
The issuer may redeem the notes in whole, but not in part, on February 27 and August 27 of each year from 2028 through 2030 at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits or FDIC-insured, and are structurally junior to creditors of its subsidiaries. The materials highlight resolution and bankruptcy risks under Dodd-Frank, potential shortfalls in a Title II resolution, selling commissions of up to $17.50 per $1,000 note, and U.S. tax treatment as fixed-rate debt, as described in the referenced tax opinion.
JPMorgan Chase Financial Company LLC is offering auto callable digital barrier notes linked to three ETFs: State Street Industrial Select Sector SPDR (XLI), State Street Financial Select Sector SPDR (XLF) and VanEck Semiconductor ETF (SMH). The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on February 25, 2027 if each ETF is at or above 100% of its initial value, paying $1,000 plus a call premium of at least $326.50 per $1,000 note. If not called, and on the February 20, 2029 observation date all three ETFs are at or above their initial values, investors receive $1,000 plus the greater of a 30.00% contingent digital return or the return of the worst-performing ETF.
If any ETF finishes below its initial value but all remain at or above 70.00% of initial (the barrier), investors receive only principal back. If any ETF closes below its 70.00% barrier, repayment falls 1% for every 1% decline in the least performing ETF, up to total loss of principal. The notes pay no interest or dividends, are not bank deposits, are not FDIC insured, and carry the credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co. The preliminary estimated value is approximately $955.20 per $1,000 note, and the final estimated value will not be less than $900.00.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 27, 2041. The notes pay fixed annual interest of 5.15% on a 30/360 basis, with payments made each February 27 starting in 2027, so investors receive predictable yearly income if the notes remain outstanding.
The issuer may redeem the notes at par plus accrued interest on the 27th of February, May, August and November of each year from May 27, 2028 through November 27, 2040, which could limit how long investors earn interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency, so repayment depends on the issuer’s credit and resolution framework.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Halliburton Company, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and are unsecured, unsubordinated obligations subject to JPMorgan credit risk.
The notes pay a contingent interest rate of 12.00% per annum, or $30.00 per $1,000 each quarter, but only if Halliburton’s share price on a Review Date is at or above an Interest Barrier set at no more than 64.50% of the Initial Value. Missed coupons can be paid later if the barrier is met on a future Review Date.
The notes are automatically called if on any Review Date other than the first and last, beginning August 13, 2026, Halliburton’s share price is at or above the Initial Value; investors then receive $1,000 plus current and unpaid coupons, with no further payments. If not called and the Final Value is at or above the Trigger Value, investors receive $1,000 plus the final and any unpaid coupons at maturity on February 17, 2028. If the Final Value is below the Trigger Value, repayment is reduced dollar-for-dollar with Halliburton’s decline, so investors can lose more than 35.50% and up to all principal.
The preliminary estimated value is about $960 per $1,000 note, and the final estimated value will not be less than $940 per $1,000, reflecting embedded selling commissions, structuring fees and hedging costs. The notes are not listed on any exchange, may be difficult to sell, do not pay fixed interest or dividends, and carry the full credit risk of JPMorgan Financial and JPMorgan Chase & Co., as well as market risk tied to Halliburton’s stock.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the least performing of the TOPIX Index, the iShares MSCI Emerging Markets ETF and the iShares Russell 2000 Value ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to February 24, 2031 and may be automatically called on scheduled Review Dates starting in February 2027 if each underlying is at or above its call value, paying back principal plus a call premium. Minimum denomination is $1,000, with example call premiums starting at 14.30% of principal and rising to 71.50% on the final Review Date. If the notes are not called and the final value of any underlying is below its 80% barrier, repayment is reduced one-for-one with the decline in the worst performer, and investors can lose most or all principal. The notes pay no interest or dividends, are subject to JPMorgan credit risk, and had an indicative estimated value of about $965.90 per $1,000 at launch, not less than $930.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser-performing shares of General Electric and The Charles Schwab, maturing March 1, 2029. The notes pay a quarterly contingent coupon of 9.70% per annum (2.425% per quarter) only if each stock closes at or above its interest barrier, set at no more than 50% of its initial value.
The notes are automatically called, starting May 26, 2026, if both stocks are at or above their initial values, returning principal plus due and unpaid contingent interest. If held to maturity and either stock finishes below its trigger value (the same level as the interest barrier), investors lose 1% of principal for each 1% decline in the lesser-performing stock and can lose more than half, up to all, of their investment. The estimated value is cited at about $964.20 per $1,000 note if priced today and will not be less than $940. The notes are unsecured, not FDIC insured, may be illiquid, and are treated for U.S. tax purposes as prepaid forward contracts with associated contingent coupons.
JPMorgan Chase Financial Company LLC is issuing auto callable yield notes linked to the Class A common stock of Vertiv Holdings Co, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an interest rate of at least 11.05% per annum, paid quarterly at a rate of at least 2.7625% per $1,000 note, as long as the notes remain outstanding.
The notes may be automatically called as early as February 24, 2027 if Vertiv’s share price on a review date is at or above the initial value, returning $1,000 plus the relevant interest payment. If not called and Vertiv’s final share price is at or above 50% of the initial value, investors receive full principal plus the final interest payment at maturity on March 1, 2029. If the final price is below 50% of the initial value, principal is reduced one-for-one with the stock’s loss, leading to losses greater than 50% and possibly a total loss of principal, though the final interest payment is still made.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The estimated value is indicated at approximately $930 per $1,000 note if priced on February 12, 2026 and will not be less than $900 per $1,000 at pricing, reflecting selling costs and hedging assumptions. The notes will not be listed, and secondary market prices are expected to be below the issue price and driven by market factors, funding rates and Vertiv’s share performance. Investors do not receive Vertiv dividends or shareholder rights.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Constellation Energy Corporation. The notes have a scheduled maturity on February 16, 2028 and minimum denominations of $1,000.
Investors may receive a quarterly Contingent Interest Payment of at least $27.625 per $1,000 note (a rate of at least 11.05% per annum) for any Review Date when Constellation Energy’s share price is at or above the Interest Barrier, set at 50.00% of the Strike Value, or $138.425. Missed interest can be paid later if the condition is met on a future Review Date.
The notes are automatically called if, on any non-final Review Date starting May 11, 2026, the stock closes at or above the Strike Value of $276.85, returning $1,000 plus current and unpaid contingent interest. If not called and the Final Value on the last Review Date is below the Trigger Value (also $138.425), repayment is reduced dollar-for-dollar with the stock’s decline, and investors can lose more than half, up to all, of principal.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., pay no fixed coupon or dividends on the stock, and are not FDIC insured. The preliminary estimated value is about $948.20 per $1,000 note, and at pricing it will not be less than $920.00, reflecting embedded fees, hedging costs and dealer compensation, and secondary market liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), maturing on February 17, 2028, in minimum denominations of $1,000.
The notes pay a 14.00% per annum contingent interest rate (3.50% per quarter) only if AMD’s closing price on a Review Date is at or above an Interest Barrier set at no more than 45.00% of the Initial Value, with any missed coupons potentially paid later if conditions are met. Starting August 13, 2026, the notes are automatically called if AMD’s price on a Review Date (other than the first and final) is at or above the Initial Value, returning principal plus due and unpaid contingent interest.
If the notes are not called and AMD’s final price is below the Trigger Value (the same level as the Interest Barrier), repayment of principal is reduced one-for-one with AMD’s loss, so investors can lose more than 55% and up to all principal. The notes are unsecured, not FDIC insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $960 per $1,000 note, and will not be less than $940 at pricing.