J.P. Morgan provides an index supplement for the J.P. Morgan Multi-Asset Index, which is used as the underlying for certain structured notes. The document presents detailed monthly and annual percentage returns based on hypothetical backtested performance from February 22, 1994 through November 17, 2022 and actual index performance from November 18, 2022 through January 31, 2026.
It also shows how the index’s reference portfolio has historically shifted weights among equity, fixed income and alternative futures, including S&P 500, Russell 2000, DAX, TOPIX, U.S. Treasuries, Euro-Bund, JGB, Brent crude oil and gold. The index is an excess return index, is subject to a 1.00% per annum daily deduction and follows a momentum-based, regularly rebalanced strategy.
The supplement emphasises that both historical and backtested results and past constituent allocations are not indicative of future performance or future index weights and highlights extensive risks, including volatility, correlation, concentration, futures, fixed income, non‑U.S. markets, short positions and margin risks.
JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the MSCI Emerging Markets Index. The notes can be automatically called on the review date if the index is at or above its initial level, paying $1,000 plus at least a 14.20% call premium per note.
If not called and the index rises, investors receive uncapped leveraged upside of at least 1.25x the index gain. If the index finishes down by up to 15.00%, principal is returned; below that buffer, losses match the index decline, up to full principal loss. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial guaranteed by JPMorgan Chase & Co., and their estimated value at pricing is expected to be below the $1,000 issue price.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Oracle Corporation. The notes pay a contingent coupon of at least $70.275 per $1,000 note on each review date if Oracle’s share price is at or above a barrier set at 75% of the strike price.
The notes can be automatically called as early as May 26, 2026 if Oracle’s share price is at or above the $159.89 stock strike level on a review date, returning $1,000 plus the applicable coupon and any unpaid coupons. If held to maturity on February 26, 2027 and no trigger event occurs, investors receive principal plus due coupons.
A trigger event occurs if the final stock price is below the $119.9175 trigger level, in which case principal is reduced using a 1.33333 downside leverage factor and investors can lose some or all of their investment. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and do not provide dividend or ownership rights in Oracle shares.
J.P. Morgan Multi-Asset Index is a rules-based benchmark that allocates across up to 10 futures-based indices spanning equities, bonds and alternatives in major developed markets. It rebalances at least monthly into the portfolio with the strongest recent performance, generally subject to a volatility threshold and concentration limits, and applies a daily 1.00% per annum fee.
From January 2016 through January 2026, the Index shows a 1-year return of 7.94%, a 10-year annualized return of 2.66% and a 10-year annualized volatility of 4.48%, producing a Sharpe ratio of 0.59. Over the same period, a Domestic 30/70 Portfolio (ER) returned 3.33% annually with 6.29% volatility (Sharpe 0.53), while a Global 30/70 Portfolio (ER) returned 2.09% annually with 6.17% volatility (Sharpe 0.34). A significant portion of recent allocations has been to U.S. and German government bond futures, with varying exposures to U.S., German and Japanese equity futures plus oil and gold futures.
The document stresses that much of the history before November 18, 2022 is hypothetical backtested performance and that both backtested and actual past results are not indicative of future returns. It lists extensive risks, including index sponsor conflicts, the impact of the 1.00% annual fee, momentum strategy limitations, high bond exposure, futures trading risks, correlation and concentration risks, and the potential use of notional short positions.
J.P. Morgan’s Total Return Index is described using a long history of hypothetical backtested and actual performance, starting in May 2004 and running through January 2026. Early years rely on alternative “proxy” performance for several exchange-traded funds before they launched or met liquidity standards.
The index allocates monthly among U.S. Treasuries, investment-grade and high-yield credit, agencies, inflation-protected bonds, emerging markets debt, floating-rate notes and preferred stock, with weights rebalanced under a set methodology. Results before July 2017 are entirely hypothetical, and even after launch some weights may have been influenced by proxy data.
The document stresses that historical and backtested returns and allocations are not predictive of future results. It highlights risks tied to a momentum-based strategy, fixed-income and emerging-markets exposures, ETF tracking differences, index rebalancing constraints, and the credit risk of JPMorgan Chase Bank, N.A. Investments linked to the index may therefore experience materially different performance than the figures shown.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Review Notes linked to the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing in February 2029.
The notes may be automatically called on review dates in 2027, 2028 or 2029 if each index closes at or above 102% of its initial level, paying back principal plus a call premium of at least 15.40%, 30.80% or 46.20% of the $1,000 denomination, respectively. If not called and all indices finish at or above 70% of their initial levels, investors receive principal back at maturity.
If any index ends below its 70% barrier and the notes were not called, repayment is reduced one‑for‑one with the decline of the worst‑performing index, so investors can lose more than 30% and up to all principal. The estimated value on the pricing date is expected to be below the $1,000 issue price, reflecting selling commissions, hedging costs and JP Morgan’s internal funding rate, and the notes pay no interest or dividends.
The document is a performance update for the MerQube US Small-Cap Vol Advantage Index, which underlies certain notes registered under an existing shelf. The index provides rules-based exposure to E-Mini Russell 2000 futures, targeting 35% volatility with exposure that can range from 0% to 500% of futures notional.
The index deducts a 6.0% per annum fee on a daily basis and was established on June 21, 2022, with levels published under the Bloomberg ticker MQUSSVA. The update presents hypothetical and actual historical performance from January 2016 through January 2026, along with recent leverage levels for late 2025 and January 2026.
The document stresses that backtested results are hypothetical, were calculated by MerQube, have not been independently verified, and may differ materially from future performance. It highlights numerous risks, including leverage, futures and small-cap equity exposure, index adjustments by MerQube, and the possibility that the index may not meet its volatility target. It also reiterates that notes linked to the index are unsecured investments, not bank deposits and not insured by the FDIC.
JPMorgan provides an index supplement for notes linked to the MerQube US Small-Cap Vol Advantage Index, showing hypothetical backtested monthly and annual returns from January 7, 2005 through June 17, 2022 and actual index performance from June 21, 2022 through January 31, 2026.
The document stresses that historical and backtested results are illustrative and not indicative of future performance, and highlights key risks such as a 6.0% per annum daily deduction, significant leverage, small-cap equity exposure, futures contract volatility, potential periods when the index is uninvested, and limited operating history since June 21, 2022.
J.P. Morgan Total Return Index provides a dynamic allocation across 12 U.S. dollar fixed income ETFs, rebalancing monthly into the basket with the highest prior 6‑month performance, generally subject to a 5% historical volatility threshold and concentration limits.
From January 2016 to January 2026, the Index shows a 1‑year return of 5.53%, a 3‑year annualized return of 4.71%, a 5‑year annualized return of 1.43% and a 10‑year annualized return of 3.03%. Over 10 years, annualized volatility was 5.18% with a Sharpe Ratio of 0.08.
Recent monthly weights between September 2025 and February 2026 shifted across U.S. Treasuries, investment‑grade credit, high yield, emerging markets debt, agency MBS, inflation‑protected securities, floating rate and preferred stock ETFs. The document stresses that past and hypothetical backtested performance are not indicative of future results and highlights risks, including momentum strategy risk, fixed‑income and credit risks, ETF tracking risk, correlation risk, and the limited operating history of the Index established on July 13, 2017.
JPMorgan Chase & Co. filed a Form 13F holdings report as an institutional investment manager. The filing shows a Form 13F Information Table with 31,795 reportable positions and a total reported value of $1,592,803,635,626. The report is filed as a full 13F holdings report, not a notice or combination report.
The filing also lists 17 other included affiliated managers, such as J.P. Morgan Trust Co of Delaware, JPMorgan Chase Bank, N.A., and several J.P. Morgan asset management entities across the U.S., Europe, and Asia.