JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000.
The notes pay a Contingent Interest Payment only when the Index closes at or above 70% of the Initial Value (the Interest Barrier) on a Review Date. If that happens, investors also receive any previously unpaid contingent interest. The Contingent Interest Rate will be at least 13.50% per annum.
The notes are automatically called if, on certain Review Dates starting February 10, 2027, the Index closes at or above its Initial Value. If not called, principal is protected only down to a Trigger Value of 60% of the Initial Value; below that, losses match the Index decline and can reach 100% of principal.
The underlying Index dynamically allocates exposure, from 0% to 500%, to E-mini S&P 500 futures while targeting 35% implied volatility and is subject to a 6.0% per annum daily deduction, which creates a persistent performance drag versus an identical index without such a fee.
The notes’ estimated value, if priced on the indicated date, would be about $941.70 per $1,000 principal amount, and will not be less than $900.00 per $1,000 when finalized, reflecting embedded costs and the issuer’s internal funding rate. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. and will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing on March 6, 2031.
The notes provide uncapped, unleveraged upside to any gain in the least performing index, with a contingent digital return of at least 57.00% if each index finishes at or above its initial level. If any index finishes below its initial level but all remain at or above 75.00% of initial (barrier), investors receive principal back.
If any index closes below its barrier, repayment is reduced 1% for every 1% decline in the least performing index, exposing investors to losses up to total principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value below the $1,000 price, illustrated at approximately $941.60 in the example.
JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the lesser performing of the S&P 500® Index and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on February 17, 2028.
At maturity, if the final level of each index is at least 70% of its initial level, investors receive the greater of a contingent digital return of at least 11.25% or the actual percentage gain of the lesser performing index. If either index finishes below 70% of its initial level, repayment of principal is reduced 1% for each 1% decline in the lesser performing index, and investors can lose all principal.
The notes pay no interest, do not provide dividends, are unsecured and unsubordinated, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, while the estimated value would be approximately $990 per $1,000, and will not be less than $970 per $1,000 when finalized.
JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to March 1, 2029 and can be automatically called as early as March 2, 2027 if each index closes at or above its Call Value.
If called, investors receive $1,000 per note plus a Call Premium Amount that steps up over time (at least 13.60% on the first Review Date up to at least 40.80% on the final Review Date). If not called, principal is protected only by a 15% buffer on the least performing index; if that index falls more than 15%, holders lose 1% of principal for each 1% decline beyond the buffer, up to a maximum loss of 85% at maturity. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and an estimated value of about $982 per $1,000 note is indicated, with a minimum estimated value at pricing of $900.
JPMorgan Chase Financial Company LLC is offering medium-term digital equity notes due April 13, 2028, linked to the EURO STOXX 50® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest. At maturity, if the index is at or above 82.50% of its initial level, investors receive a fixed threshold settlement amount, expected between $1,153.60 and $1,180.60 per $1,000 note, capping upside.
If the index has fallen by more than 17.50%, principal loss is leveraged by a buffer rate of approximately 1.2121, and investors can lose their entire investment. The preliminary estimated value is expected between $974.80 and $984.80 per $1,000, the notes will not be listed, and any secondary market will be limited and discretionary.
JPMorgan Chase Financial Company LLC is offering uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performer of the Dow Jones Industrial Average® and the Nasdaq‑100 Index®, maturing on February 15, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes provide at least 1.2425x leveraged upside if both indices finish above their initial levels, and a "dual directional" feature that mirrors index declines up to a 15% buffer, so a 10% drop in the lesser index pays a 10% gain. If either index falls more than 15%, principal is reduced 1‑for‑1, with up to an 85% loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, have a minimum denomination of $1,000, and an estimated value example of about $976.40 per $1,000, lower than the issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering capped dual directional buffered return enhanced notes linked to the lesser performance of the iShares MSCI EAFE ETF and the S&P 500 Index, maturing on August 18, 2027, and fully guaranteed by JPMorgan Chase & Co.
The notes provide 1.50x leveraged upside on any positive return of the lesser performing underlying, capped at a Maximum Upside Return of at least 16.35%. If the lesser performer finishes up to 10% below its initial value, investors receive a positive, uncapped return equal to the absolute decline, up to 10%.
If either underlying falls by more than the 10% buffer, investors lose 1% of principal for each 1% drop beyond the buffer and may lose up to 90% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and will not be listed on an exchange. For illustration, if priced today the estimated value is about $968.30 per $1,000 note, and the final estimated value on pricing will not be less than $900 per $1,000.
JPMorgan Chase Financial Company LLC is offering $1,275,000 of Digital Equity Notes due August 9, 2027, linked to the S&P 500® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes do not pay interest. At maturity, for each $1,000 note, investors receive $1,124.50 (the threshold settlement amount) if the S&P 500® final level on August 5, 2027 is at least 90.00% of the initial level of 6,917.81. If the index falls by more than 10.00%, principal is lost on a leveraged basis: roughly 1.1111% of principal is lost for each 1% decline beyond the 10.00% buffer, with maximum loss of the entire investment.
The estimated value of the notes at pricing is $986.50 per $1,000, below the issue price, reflecting selling commissions of 1.11% and hedging and structuring costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may have limited or no secondary market liquidity. Tax treatment is uncertain and may change, including potential impacts from future guidance on prepaid forward contracts and Section 871(m).
JPMorgan Financial is offering $4,000,000 principal amount of Callable Range Accrual Notes linked to the 10-Year CMT Rate, due February 9, 2046, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay an Initial Interest Rate of 11.00% per annum for the Initial Interest Periods and thereafter pay interest determined by the proportion of days the 10‑Year CMT Rate is at or below 5.00%, with a minimum of 0.00% and a maximum of 11.00%. The notes are callable quarterly beginning February 10, 2027. Price to public is $1,000 per note; total offering equals $4,000,000, with proceeds to issuer of $3,869,748.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 23, 2056 that pay simple annual interest of 5.55% on a 30/360 basis. Interest is paid in arrears each year on February 23, starting in 2027, if the notes remain outstanding.
Beginning August 23, 2030, and every February 23 and August 23 through August 23, 2055, the issuer may redeem the notes at par plus accrued interest, in whole but not in part. The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to subsidiary creditors and not FDIC insured. In a resolution under U.S. bankruptcy or Title II of Dodd-Frank, holders could absorb losses and recover only residual value from the group’s subsidiaries.