J.P. Morgan provides an index supplement for notes linked to the MerQube US Gold Vol Advantage Index, which references gold futures and targets volatility using leverage and the ability to be partly or fully uninvested.
The Index incorporates a 6.0% per annum daily deduction and is structured as an excess return index, so it does not reflect interest on cash that could be notionally invested. Historical performance shown from December 26, 2007 to February 10, 2025 is entirely hypothetical backtested, with actual Index performance beginning on February 11, 2025.
The document stresses that historical and backtested returns are not indicative of future results and highlights multiple risks, including leverage, gold concentration, futures market disruptions, margin changes, and the Index’s limited operating history. It also clarifies that notes linked to the Index are not bank deposits, are not FDIC insured, and involve investment suitability considerations for each investor.
JPMorgan Chase Financial Company LLC is issuing market-linked, auto-callable notes linked to the State Street Energy Select Sector SPDR ETF, fully guaranteed by JPMorgan Chase & Co. The $1,000-denomination securities pay no interest and return depends on the ETF’s performance.
If the ETF’s closing price on February 25, 2027 is at or above the starting price, the notes are automatically called for at least 115.35% of principal. If held to February 23, 2029 and not called, investors get 125% of any ETF gain, full principal back for losses up to 10%, and 1‑to‑1 losses beyond that, with up to 90% of principal at risk. The public issue price is $1,000 per security, with estimated value currently about $961.30 after selling commissions and hedging costs.
J.P. Morgan provides a February 2026 performance update for the MerQube US Gold Vol Advantage Index, which underlies certain notes issued under an existing shelf registration. The index offers dynamic, rules-based exposure to an unfunded rolling position in COMEX Gold futures while targeting 35% volatility.
The index can vary its futures exposure between 0% and 500% and applies a 6.0% per annum daily deduction. It rebalances monthly based on one‑month implied volatility and was established on February 11, 2025, with levels published on Bloomberg under ticker MQUSGVA. The update presents hypothetical backtested performance from January 2016 through February 10, 2025 and actual performance from February 11, 2025 through January 31, 2026, together with detailed monthly returns and exposure levels for late 2025 and January 2026.
The materials stress that historical and especially hypothetical backtested results have inherent limitations and are not indicative of future outcomes. They also highlight numerous risks, including leverage, volatility, futures market structure, gold concentration, and the index’s excess‑return design and limited operating history.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a $1,000 minimum denomination and may be automatically called as early as February 18, 2027 if each index is at or above its Call Value, paying back principal plus a Call Premium Amount of at least $227.50 per $1,000 note. If not called and all final index levels exceed their initial values, holders receive an uncapped leveraged gain of 1.25 times the least performing index’s return. If any index finishes between its initial value and a 70% barrier, investors receive only principal, and if any ends below the barrier they lose 1% of principal for every 1% decline in the least performing index, up to a total loss. The issuer discloses an estimated value of about $979.80 per $1,000 note if priced today and not less than $940.00 at pricing, highlights significant credit, market, liquidity and valuation risks, and notes that the notes pay no interest or dividends.
JPMorgan Chase Financial Company LLC is offering $709,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully guaranteed by JPMorgan Chase & Co. The notes pay a 11.25% per annum contingent coupon when the Index is at or above 60% of its initial level on a review date.
The notes may be automatically called starting August 10, 2026 if the Index is at or above its initial level, returning $1,000 per note plus the applicable coupon. If the Index finishes below the 60% trigger at maturity, principal losses are one-for-one and can reach 100%. Index performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, and the notes’ estimated value at pricing was $905.80 per $1,000, below the $1,000 issue price. The notes are unsecured, illiquid instruments exposed to JPMorgan credit risk.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the Russell 2000 Index, the S&P 500 Index and the State Street Technology Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may pay a monthly contingent coupon at a rate of at least 8.45% per annum if on a review date the closing value of each underlying is at or above 70% of its initial value. Automatic call can occur as early as August 13, 2026 if each underlying is at or above its initial value, returning principal plus the applicable coupon.
If the notes are not called and any underlying finishes below 60% of its initial value at maturity, repayment is reduced one-for-one with the decline of the worst performer, and investors can lose most or all principal. The indicative estimated value is about $964.60 per $1,000, and will not be less than $900.00, reflecting embedded fees, hedging costs and issuer funding assumptions. The notes are unsecured, subject to issuer and guarantor credit risk, not listed, and pay no dividends.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing in February 2029.
The notes pay a contingent interest coupon for each Review Date only if every index closes at or above 60% of its Initial Value, acting as both the Interest Barrier and Trigger Value. If any index is below this level on a Review Date, no interest is paid for that period.
On scheduled dates starting in August 2026, the issuer may redeem the notes at $1,000 per note plus any due contingent interest, ending further payments. If held to maturity and not redeemed, investors receive $1,000 plus the final contingent interest if each index finishes at or above its Trigger Value; otherwise the repayment is reduced 1% for each 1% decline of the least performing index, potentially down to zero.
The minimum denomination is $1,000. A hypothetical contingent interest rate of 8.40% per annum (2.10% quarterly) is shown, and if the notes priced on the indicated date, their estimated value would be about $970.30 per $1,000 note, and will not be less than $940.00 when finally set. The notes are unsecured, unsubordinated obligations, not deposits or FDIC insured, and carry market, credit, liquidity, and tax risks described in detail in the document.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on February 19, 2032.
The notes may be automatically called on scheduled Review Dates starting February 18, 2027 if the Index closes at or above 100% of its Initial Value, paying $1,000 plus a Call Premium that can reach at least 150% of principal by the final Review Date. If not called and the Final Index Value is at or above 50% of the Initial Value, investors receive principal back at maturity; if it is below 50%, repayment is $1,000 plus $1,000 times the Index return, meaning more than 50% — and potentially all — of principal can be lost.
The Index embeds a 6.0% per annum daily deduction, which systematically drags performance versus an identical index without such a charge and is a key driver of the note’s economics. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both the issuer and guarantor, and have an estimated value, if priced today, of approximately $933.80 per $1,000 note, with a commitment that the final estimated value will not be less than $900.00.
JPMorgan Chase Financial Company LLC is offering $327,000 of auto callable contingent interest notes due August 12, 2027, linked individually to the Nasdaq-100, Russell 2000 and S&P 500 indexes and fully guaranteed by JPMorgan Chase & Co.
The notes pay a 6.80% per annum contingent coupon (0.56667% monthly) only when each index is at or above 70% of its Initial Value on a review date. They can be automatically called as early as May 11, 2026 if each index is at or above its Initial Value. If not called and any index ends below its 70% trigger at maturity, principal is reduced one-for-one with the decline in the worst-performing index, up to total loss. The estimated value is $960.60 per $1,000 note, below the $1,000 issue price.
J.P. Morgan provides an index supplement for notes linked to the J.P. Morgan Kronos+ Index, explaining that many of the historical performance figures are hypothetical backtested results based on the S&P 500® Price Return Index from July 7, 1954 through December 21, 2020 and actual Index performance from December 22, 2020 through January 31, 2026. The materials stress that past and backtested performance are not indicative of future results and that any performance information is illustrative only.
The document highlights key risks, including that J.P. Morgan Securities LLC sponsors and calculates the Index, that a 0.95% per annum fee and, in some cases, a notional financing cost based on the Effective Federal Funds Rate are embedded in the Index, and that the Index, established on December 22, 2020, has a limited operating history. It also notes strategy-specific risks, potential periods when the Index is uninvested in its constituent, the notional nature of the Index, and suitability considerations for investors in notes linked to the Index.