JPMorgan Chase & Co. files an index and prospectus supplement dated February 12, 2026 for notes linked to the MerQube US Tech+ Vol Advantage Index®.
The supplement presents hypothetical backtested and actual Index performance (Jan 2005–Jan 2026), explains the Index methodology (a 35% implied-volatility target, a 6.0% p.a. daily deduction, and maximum exposure of 500%), and discloses risks including leverage, notional financing costs and the February 9, 2024 change of the Underlying Asset to the QQQ Fund.
JPMorgan Chase Financial Company LLC offers $4,945,000 of Market Linked Securities — Leveraged Upside Participation to a Cap and Fixed Percentage Buffered Downside linked to the Nasdaq-100 Index® due February 15, 2028.
The securities have a $1,000 principal amount per security, a 125% upside participation rate subject to a 23.00% maximum return (maximum maturity payment of $1,230.00 per security), and a 10% buffer against index declines (threshold level equal to 90% of the starting level). If the Index declines by more than the buffer, holders have 1-to-1 downside exposure and may lose up to 90% of principal at maturity.
The offering price is $1,000.00 per security with selling commissions of $25.75 per security (proceeds to issuer $974.25 per security); the estimated value at pricing was $967.10 per security. Payments depend on the Index closing on the calculation day and are subject to the credit risk of JPMorgan Chase Financial and the guarantee of JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC priced a $10,167,000 offering of Auto Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000® and the S&P 500®, due February 16, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes priced on February 10, 2026 with expected settlement on or about February 13, 2026, carry a contingent interest rate of 8.30% per annum and an Interest Barrier and Trigger Value equal to 60.00% of each Index Initial Value. The notes feature an automatic call on specified Review Dates, potential loss of principal if a Trigger Event occurs, no guaranteed interest or dividends, and are unsecured obligations of the issuer.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large‑Cap Vol Advantage Index, due March 3, 2032, fully guaranteed by JPMorgan Chase & Co., subject to completion dated February 11, 2026. The notes pay monthly Contingent Interest Payments when the Index closes at or above an Interest Barrier equal to 70.00% of the Initial Value, can be automatically called on quarterly Autocall Review Dates if the Index closes at or above the Initial Value (earliest autocall: August 27, 2026), and return principal at maturity only if the Final Value is above the Trigger Value (illustrative Trigger Value = 60.00% of the Initial Value). The Index is subject to a 6.0% per annum daily deduction and may employ up to 500% leverage; the estimated value per $1,000 principal note is approximately $924.50 and will not be less than $900.00 when set. Investors bear credit risk of JPMorgan Financial and JPMorgan Chase & Co., may lose a substantial portion or all principal, and should be prepared to hold to maturity.
JPMorgan Chase Financial Company LLC is offering callable Contingent Interest Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF, subject to completion dated February 11, 2026. The notes have a $1,000 price to public per note, expected pricing on or about February 17, 2026 and expected settlement on or about February 20, 2026, and mature on February 23, 2029. Interest payments are contingent: a Contingent Interest Payment is made for a Review Date only if each Underlying is >= 55.00% of its Initial Value (the Interest Barrier). If not redeemed early, final payoff is either $1,000 plus any contingent interest if each Final Value >= the Trigger Value, or $1,000 × (1 + Least Performing Underlying Return), which can result in substantial principal loss. Notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC offers $300,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, due February 14, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay monthly contingent interest when the Index closing level on a Review Date is at or above an Interest Barrier equal to 70.00% of the Initial Value, are subject to an Index 6.0% per annum daily deduction, and may be automatically called beginning February 10, 2027 if the Index closing level on a specified Review Date is at or above the Initial Value. Principal is exposed to downside at maturity if the Final Value is below the Trigger Value.
JPMorgan Chase & Co. is offering callable fixed-rate notes paying 5.40% per year, with a $1,000 principal amount per note and final maturity on February 25, 2056. Investors receive annual interest payments each February 25, starting in 2027, and repayment of principal at maturity if the notes have not been called.
The issuer may redeem the notes at par plus accrued interest on February 25 and August 25 of each year from 2028 through 2055, so investors face reinvestment risk if the notes are called early. The notes are unsecured obligations of JPMorgan Chase & Co. and structurally subordinated to the liabilities of its subsidiaries, and could absorb losses in a resolution scenario. Selling commissions are expected to be about $35, and will not exceed $50, per $1,000 note, with some institutional and fee-based accounts potentially paying between $925.10 and $1,000 per $1,000 note.
JPMorgan Chase & Co. is offering long-dated callable fixed rate notes paying 5.425% per annum, maturing on February 13, 2051. Investors receive annual interest on February 27 and repayment of principal at maturity if the notes have not been redeemed earlier.
Starting February 27, 2030, and on the 27th of February, May, August and November through November 27, 2050, JPMorgan may redeem the notes at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to subsidiary creditors, and may bear losses in a resolution under U.S. bankruptcy or Title II of Dodd-Frank.
The public offering price is generally $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts paying between $940.10 and $1,000. Selling commissions would be about $21.50 per $1,000 principal amount, capped at $50.00. The notes are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC is issuing $2,500,000 of auto callable contingent interest notes linked to Amazon.com, Inc. common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment only if Amazon’s closing price on a Review Date is at least 70.00% of the Initial Value, with a Contingent Interest Rate of 10.00% per annum (0.83333% per month).
The notes may be automatically called beginning May 11, 2026 if Amazon’s price on a Review Date (other than the first, second and final) is at least the Initial Value, returning $1,000 per note plus that period’s interest. If not called and the Final Value is below the 70.00% Trigger Value at maturity, investors lose 1% of principal for each 1% decline from the Initial Value and can lose their entire investment.
The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $23.50 in fees and commissions, with proceeds to the issuer of $976.50 per note. The estimated value at pricing was $960.90 per $1,000 note, reflecting selling costs, hedging costs and dealer profits.
JPMorgan Chase & Co. is offering callable fixed rate notes paying 4.25% per annum, maturing on February 27, 2031. Interest is paid once a year on February 27, starting in 2027, using a 30/360 day count basis.
Beginning February 27, 2028 and on each February 27 and August 27 through August 27, 2030, JPMorgan may redeem the notes at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., rank behind subsidiary creditors in a resolution, and are not FDIC insured or bank deposits.
The price to the public per $1,000 principal amount will be between $987.60 and $1,000, and selling commissions will be up to $15.00 per $1,000 principal amount, with some institutional or fee-based accounts potentially paying reduced or no commissions.