JPMorgan Chase & Co. is offering senior unsecured Callable Fixed Rate Notes due August 27, 2038. The notes pay 5.00% per annum, with interest paid annually on February 27, starting in 2027, using a 30/360 day-count and $1,000 minimum denomination.
Beginning February 27, 2028, and every February 27 and August 27 through February 27, 2038, JPMorgan may redeem the notes in whole at par plus accrued interest. The notes are not bank deposits and are not FDIC insured.
Pricing to the public will generally be between $970.10 and $1,000 per $1,000 principal amount, reflecting selling commissions and hedging costs. The filing highlights resolution-planning risk, explaining that in a JPMorgan bankruptcy or Title II resolution, holders of these notes rank behind creditors of JPMorgan’s subsidiaries and may recover less than principal and interest.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performance of Bank of America and Citigroup common stocks.
The notes pay a contingent interest rate of at least 9.50% per annum, but only for Review Dates when each stock’s closing price stays at or above 50.00% of its Strike Value (the Interest Barrier). Missed interest can be paid later if conditions are met.
The notes are automatically called, returning $1,000 per note plus applicable interest, if on any non-final Review Date each stock closes at or above its Strike Value. If held to maturity without being called and either stock finishes below its Trigger Value (50.00% of Strike), repayment is reduced one-for-one with the decline of the lesser performing stock, and investors can lose most or all of principal. Each $1,000 note is offered at par, with an indicative estimated value of about $990 and a minimum estimated value of $970, and is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $535,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 and S&P 500, maturing on February 14, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes provide 1.1855x leveraged upside if all three indices rise, or up to a 20% "dual directional" positive return if the worst index is flat to down 20%. If any index falls by more than 20%, principal losses match the decline beyond that buffer, up to 80%. The notes pay no interest or dividends, are unsecured, not FDIC insured, and may be illiquid, with an estimated value of $977.30 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is issuing $1,438,000 of Uncapped Accelerated Barrier Notes linked to the lesser performer of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on February 14, 2029.
The notes provide 1.20x leveraged upside at maturity if both indices finish above their initial levels; if either index is at or above 70% of its initial level, investors receive principal only. If either index is below 70% of its initial level, repayment is reduced one-for-one with the lesser-performing index, and investors can lose all principal.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $9.50 in selling commissions, while the estimated value at pricing was $980.90 per $1,000 note.
J.P. Morgan provides an index supplement for notes linked to the J.P. Morgan Large‑Cap Dynamic Blend 3 Index, combining hypothetical backtested returns from July 25, 1990 to March 22, 2021 with actual performance from March 23, 2021 through January 31, 2026.
The Index targets 3.0% volatility, is calculated on an excess‑return basis and deducts a 0.95% per annum fee. It dynamically adjusts notional exposure between equity and bond futures, may be partially uninvested, and can be more heavily influenced by either the equity or bond constituent over time.
The document highlights extensive risks, including limited operating history, correlation risk between constituents, futures market disruptions, negative roll returns, fixed‑income risks and the credit risk of JPMorgan Financial and JPMorgan Chase & Co. It stresses that historical and backtested results are hypothetical and not indicative of future performance and that the notes are not bank deposits or FDIC insured.
J.P. Morgan provides a February 2026 performance update on the J.P. Morgan Dynamic Blend Index, a rules-based index that allocates between an equity futures constituent and a 2-year U.S. Treasury futures constituent while targeting 3.0% volatility.
The index is calculated on an excess return basis with a daily fee equivalent to 0.95% per annum and has operated since March 23, 2021. From January 2016 through January 2026, combined hypothetical and actual data show a 10-year annualized return of 0.74%, 10-year annualized volatility of 3.09%, and a Sharpe Ratio of 0.24.
The update compares the index to hypothetical Domestic and Global 20/80 equity-bond portfolios, which historically showed higher returns and volatility, and highlights numerous risks, including index fee drag, limited operating history, futures-related risks, and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on March 3, 2032 and fully guaranteed by JPMorgan Chase & Co.
The notes provide at least 1.718x leveraged upside on any positive Index return at maturity. If the Index is flat or down but not below 60% of its initial level, investors receive a positive return equal to the Index’s absolute decline, capped at 40%, for a maximum of $1,400 per $1,000 note in negative-return scenarios.
If the Index falls below the 60% barrier, repayment is fully exposed to losses, and investors can lose most or all principal. The notes pay no interest, are unsecured obligations subject to the credit risk of both issuers, and will not be listed on an exchange. Selling commissions may be up to $32.50 and a structuring fee up to $9.00 per $1,000 note. The estimated value, if priced on the described date, is about $944.10 per $1,000 note and will not be less than $900.00 when finalized, reflecting embedded costs and hedging.
JPMorgan Chase & Co. provides a February 2026 update on the S&P 500 Daily Risk Control 10% Index, which dynamically shifts between the S&P 500 and a cash component to target 10% volatility and is calculated on an excess return basis.
For the period from January 2016 through January 2026, the Index shows a 10-year annualized return of 8.10% with 10.06% annualized volatility and a Sharpe Ratio of 0.80. Comparative hypothetical and actual data are given for Domestic and Global 30/70 excess-return portfolios, which exhibit different return and risk profiles.
The update highlights key risks, including that the Index may not approximate its 10% volatility target, can be significantly uninvested, and reflects a notional financing cost. All performance data are partly hypothetical, and the materials stress that past and backtested performance are not indicative of future results.
JPMorgan Chase & Co. provides an index supplement updating performance information and risks for the S&P 500® Daily Risk Control 10% Index as of January 31, 2026. The document shows monthly and annual index returns from 1999 to 2026, combining hypothetical backtested data through May 12, 2009 and actual index performance thereafter.
It emphasizes that backtested results use proxies, may differ significantly from real outcomes, and are not indicative of future results. Key risks include the index’s potential failure to meet its 10% volatility target, periods when it may be significantly uninvested, and the impact of a notional financing cost whose calculation methodology was recently changed.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay quarterly contingent interest only if Blackstone’s share price on a Review Date is at or above an Interest Barrier set at 65.00% of the Strike Value.
The notes may be automatically called on designated Review Dates starting February 10, 2027 if Blackstone’s share price is at or above the Strike Value, returning $1,000 per note plus due contingent interest and any previously unpaid contingent interest. If the notes are not called and the Final Value is at or above the Trigger Value (also 65.00% of the Strike Value), investors receive $1,000 plus all due and previously unpaid contingent interest.
If the notes are not called and the Final Value is below the Trigger Value, repayment is $1,000 plus $1,000 times the stock return, so investors lose 1% of principal for each 1% decline from the Strike Value and can lose their entire investment. A hypothetical contingent interest rate of 11.25% per annum (2.8125% per quarter) is used in payout examples, and the actual rate will be at least 11.25% per annum. The indicative estimated value is approximately $950.00 per $1,000 principal amount note and will not be less than $920.00 per $1,000 when set, reflecting selling costs and hedging-related factors.