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, Russell 2000 and S&P 500 indexes, maturing on February 19, 2031.
The notes pay a contingent interest rate of at least 7.45% per year, but only for review dates when each index stays at or above 60% of its initial level. If any index finishes below its 50% trigger level at maturity and the notes have not been called, investors lose principal in line with that decline and can lose their entire investment.
JPMorgan may redeem the notes early on specified interest payment dates, beginning around February 19, 2027. The preliminary estimated value is about $960 per $1,000 note and will not be less than $940 per $1,000 when terms are set, reflecting embedded costs and hedging.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in February 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes can pay a contingent interest rate of at least 9.00% per annum when the Index is at or above 65% of its initial level on review dates, and may be automatically called starting in February 2027 if the Index is at or above its initial level. Principal is exposed to losses if, at maturity, the Index has fallen more than 15% from its initial level, with up to 85% of principal at risk. The Index itself is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The preliminary estimated value is about $914.10 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering structured "Review Notes" linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and may be automatically called on quarterly Review Dates starting February 16, 2027.
If on any Review Date the Blackstone share price is at or above the applicable Call Value (generally 90% of the initial price, 80% on the final date), investors receive $1,000 plus a fixed Call Premium Amount that steps up over time, up to at least 91% of principal by the final Review Date. If the notes are not called and the final share price is at or above 75% of the initial price, investors receive their principal back at maturity in February 2033.
If the notes are not called and the final share price is below 75% of the initial price, repayment is $1,000 plus $1,000 times the stock return, exposing holders to losses greater than 25% and potentially a full loss of principal. The notes pay no interest, do not pass through dividends, are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and are expected to have an estimated value below the $1,000 issue price, with an illustration of approximately $957.10 per note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Uber Technologies, Inc. The notes target a contingent interest rate of at least 13.50% per annum, paid quarterly if Uber’s share price on a review date is at or above 70.00% of its initial level.
The notes can be automatically called as early as August 6, 2026 if Uber’s share price is at or above the initial value on specified review dates, returning principal plus the applicable contingent interest. If the notes are not called and Uber’s final share price is below 70.00% of the initial value, repayment at maturity is reduced one-for-one with Uber’s decline, and investors can lose most or all of their principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $960.00 per $1,000 note and will not be less than $940.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of ServiceNow, Inc. The notes pay a contingent interest of 13.00% per annum (3.25% quarterly) when the stock closes at or above an interest barrier set at up to 51.00% of the initial share price on each review date.
The notes may be automatically called starting August 6, 2026 if the stock is at or above its initial value, returning $1,000 per note plus due interest. If not called and the final stock price is below the trigger value (also at most 51.00% of the initial value), investors lose 1% of principal for each 1% stock decline and can lose their entire investment. The indicative estimated value is about $960 per $1,000 note, not less than $940 at pricing, reflecting embedded fees and hedging costs.
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., maturing on February 11, 2031.
The notes can pay contingent interest of at least 15.00% per annum, credited monthly, but only if on a Review Date the Index is at or above 70% of its Initial Value. The notes are automatically called, with principal repaid plus that period’s interest, if on certain Review Dates the Index is at or above its Initial Value, starting as early as February 8, 2027.
Principal is protected only down to a 30% buffer. If the Final Value is below 70% of the Initial Value at maturity, losses accelerate at a 1.42857× downside leverage rate, and investors can lose some or all principal. The Index itself is reduced by a 6.0% per annum daily deduction, which drags performance. The preliminary estimated value is about $923 per $1,000 note and will not be less than $900, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due February 19, 2027, linked to the Class A common stock of CrowdStrike Holdings, Inc. These are principal-at-risk, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive a contingent quarterly payment of at least 2.5625% of the $1,000 stated principal amount (at least $25.625 per security) on each determination date when CrowdStrike’s closing price is at or above 50% of the initial stock price, the downside threshold level. If on any non-final determination date the stock closes at or above the initial stock price, the notes are automatically redeemed for $1,000 plus that quarter’s contingent payment.
If the notes are not called and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final contingent payment at maturity. If the final stock price is below the downside threshold, repayment is reduced 1-for-1 with the stock’s decline, potentially to zero, so investors can lose their entire principal. Investors do not receive dividends or participate in any stock appreciation, and secondary market liquidity and tax treatment are significant additional risks.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due February 16, 2029, linked to the common stock of MongoDB, Inc. These principal-at-risk notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive a contingent quarterly payment of at least $42.75 per $1,000 security (at least 4.275%) for each determination date on which the MongoDB closing price is at or above 50% of the initial stock price, the downside threshold level. If the stock is below this level on a determination date, no payment is made for that quarter, and investors could receive few or no payments over the term.
If on any non-final determination date the stock closes at or above the initial stock price, the notes are automatically redeemed for $1,000 plus the applicable contingent payment and any previously unpaid contingent payments. If not redeemed early and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final contingent payment (and any unpaid prior payments). If the final stock price is below the downside threshold, repayment is reduced one-for-one with the stock decline, and the maturity payment can be less than 50% of principal or zero.
The issue price is $1,000 per security, with selling commissions up to $17.50 and a $5.00 structuring fee per $1,000. If priced on the date assumed in the document and using the minimum contingent payment, the estimated value would be about $949.60 per $1,000 security, and on the actual pricing date will not be less than $920.00 per $1,000. The securities will not be listed on any exchange, and any return depends on both the performance of MongoDB stock and the credit of JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as February 17, 2027 if Blackstone’s share price is at or above 90% of its initial level, paying back principal plus at least $210 per $1,000 note.
If not called and Blackstone’s final price is above its initial level, investors receive 2.0 times the stock’s percentage gain at maturity in February 2030. Principal is repaid only if the final price is at or above 70% of the initial level; below that barrier, losses match the stock’s decline and can reach 100% of principal. The notes pay no interest or dividends, are unsecured obligations, and all payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering five-year Trigger Autocallable Contingent Yield Notes linked to the lesser performer of the Nikkei 225 Index and the EURO STOXX 50® Index, with $10 denominations and a $1,000 minimum investment.
The notes pay quarterly contingent coupons only if both indexes stay at or above a coupon barrier set at 70% of each initial level, with an expected coupon rate between 7.05% and 8.05% per year. The notes can be called automatically each quarter after six months if both indexes are at or above their initial levels, returning principal plus that period’s coupon.
If the notes are not called, investors receive full principal at maturity only if the final level of each index is at or above a downside threshold and coupon barrier set at 60% and 70% of the initial levels, respectively; otherwise, principal is reduced in line with the loss on the weaker index. The offering price is $10 per note, with $0.225 in fees and commissions and an initial estimated value of about $9.367 per $10 note, not less than $9.00, and the issuer stresses that the notes are significantly riskier than conventional debt and subject to its and the guarantor’s credit risk.