JPMorgan Chase Financial Company LLC is offering Capped Buffer GEARS, two-year structured notes linked to the SPDR® Gold Trust. These unsecured notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., provide 2.00x leveraged upside to gold ETF performance, subject to a Maximum Gain between 28.00% and 32.50%.
If the ETF falls but stays at or above 90% of its initial level at maturity, investors receive full principal back; below that 10% buffer, losses increase 1% for each additional 1% decline, up to a loss of 90% of principal. The notes pay no interest, are not exchange-listed, and all payments depend on the credit of JPMorgan entities.
The issue price is $10 per Security, with $0.20 per Security in selling commissions to UBS and $9.80 per Security in proceeds to the issuer. The indicative estimated value is about $9.64 per $10 Security and will not be less than $9.30 when finalized, reflecting structuring, hedging costs and dealer profits. The tax discussion indicates treatment as an “open transaction” with potential constructive ownership and collectibles-rate implications.
JPMorgan Chase Financial Company LLC plans to issue digital barrier notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on May 24, 2027 and fully guaranteed by JPMorgan Chase & Co.
If, on the May 19, 2027 observation date, the final level of each index is at least 75% of its initial level, investors receive a fixed return of at least 11.55%, or $1,115.50 per $1,000 note. If either index finishes below 75% of its initial level, repayment is reduced one-for-one with the decline of the lesser-performing index, and investors can lose all principal.
The notes pay no interest, do not pass through dividends, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000, and selling commissions will not exceed $12.50 per $1,000 note. The issuer estimates the current value at about $985.90 per $1,000 note, and states the final estimated value at pricing will not be less than $960.00.
JPMorgan Chase Financial Company LLC is offering structured notes linked to the J.P. Morgan Multi‑Asset Index due March 4, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and repay $1,000 principal at maturity plus an Additional Amount equal to $1,000 × Index Return × Participation Rate (not less than zero).
The Pricing Date is expected on or about February 27, 2026 with settlement on or about March 4, 2026. The Participation Rate will be at least 406.00%. The estimated value shown is approximately $940.30 per $1,000 note (will not be less than $900.00 per $1,000 when set). Selling commissions will not exceed $30.00 per $1,000 note. Investors bear the credit risk of the issuer and guarantor and should review the detailed "Risk Factors" sections referenced in the supplement.
JPMorgan Chase Financial Company LLC is offering structured “Review Notes” linked to the lesser performer of the S&P 500 Equal Weight Index and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as March 2027 if both indices are at or above preset call levels, paying at least 9.65%, 19.30% or 28.95% of principal on the three review dates.
If not called and either index finishes below 70% of its initial level at maturity in March 2029, investors lose 1% of principal for each 1% decline in the lesser-performing index and can lose their entire investment. The notes pay no interest or dividends, are unsecured, not FDIC insured, and an initial estimated value is indicated at about $950 per $1,000 note, with a minimum final estimated value of $930.
JPMorgan Chase Financial Company LLC is offering capped accelerated barrier notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The notes are expected to price on or about February 6, 2026 and settle on or about February 11, 2026, with a maturity on or about February 9, 2029.
The terms include an Upside Leverage Factor of 3.00, a stated Maximum Return of at least 47.50 (equivalent to at least $1,475.00 per $1,000 note), and a Barrier Amount equal to 60.00 of each Index's Initial Value. Payment at maturity is determined by the Least Performing Index; if any Index falls below the Barrier Amount, principal losses occur on a 1:1 basis with the Least Performing Index return. The notes are unsecured obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co..
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the lesser performer of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide uncapped upside at least 1.03 times any positive lesser-index return and a dual-directional feature that pays the absolute value of index declines up to a 15.00% buffer, capping gains at $1,150 per $1,000 if the lesser index is negative. If either index falls more than 15%, investors lose 1% of principal for each additional 1% decline, up to an 85% loss at maturity.
Investors forgo interest and dividends, face credit risk of both JPMorgan entities, and the notes will not be listed, so liquidity may be limited and secondary prices may be well below issue price. An example estimated value is $987.90 per $1,000, and the final estimated value will not be less than $950, reflecting built-in selling, structuring, and hedging costs.
JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the MSCI EAFE® Index and the EURO STOXX 50® Index, maturing on February 15, 2029, and fully guaranteed by JPMorgan Chase & Co.
The notes provide at least 1.70x any positive return of the lesser-performing index and a positive, uncapped return for index declines up to a 15.00% buffer, but expose investors to losses beyond that level, up to 85.00% of principal. They pay no interest or dividends, are unsecured, and will not be listed on any exchange. If priced on the indicated date, the estimated value would be about $980.20 per $1,000 note and will not be less than $900.00 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 lesser performing of Bank of America and Morgan Stanley common stock, maturing on August 16, 2027, in minimum denominations of $1,000.
The notes pay a contingent interest rate of at least 10.00% per annum, or at least $25.00 per $1,000 each quarter, but only if on a Review Date the closing price of one share of each stock is at or above 60.00% of its Initial Value. Missed coupons can be “made up” later if this condition is met on a future Review Date.
The notes are auto callable: if, on any non-final Review Date, the closing price of each stock is at or above its Initial Value, investors receive $1,000 per note plus the due and any unpaid contingent interest, and the notes terminate early. If not called and at maturity either stock’s final price is below 60.00% of its Initial Value, repayment of principal is reduced one-for-one with the decline in the lesser performing stock, and investors can lose more than 40% and up to all of their principal.
The indicative estimated value is approximately $970.00 per $1,000 note at pricing and will not be less than $950.00, reflecting selling commissions, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. and will not be listed on any exchange.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering five-year notes linked to the MerQube US Large-Cap Vol Advantage Index, which uses leveraged E-Mini S&P 500 futures and applies a 6.0% per annum daily deduction.
The notes are callable quarterly after an initial one-year non-call period. If, on a Review Date, the index is at or above its initial level, investors receive $1,000 plus a Call Premium of at least 19.40% per annum and the notes are automatically redeemed. The barrier at maturity is 50.00% of the initial index value; if the final index level is below this, repayment is reduced one-for-one with the index loss, and investors can lose all principal.
The estimated value will not be less than $870.00 per $1,000 note when terms are set, which is likely below the purchase price. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the notes pay no interest or dividends and may be illiquid.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Buffered Notes linked to the S&P 500® Index with a total offering size of $2,500,000, priced at $1,000 per note.
The notes pay a fixed 8.11% contingent digital return at maturity per $1,000 note (maximum payment $1,081.10) if the S&P 500 ending level is at or above the strike level of 6,976.44, or down by up to a 10% buffer. If the index falls by more than 10%, investors lose principal at a 1.11111% rate for each additional 1% decline, up to total loss.
The notes pay no interest or dividends, have a minimum denomination of $10,000, and are unsecured, unsubordinated obligations of the issuer. They price on February 3, 2026, settle on or about February 6, 2026, and mature on February 19, 2027. The estimated value at pricing is $985.90 per $1,000 note, below the issue price due to selling, structuring and hedging costs. Liquidity is limited because the notes will not be listed, and any secondary market would primarily depend on JPMS.