JPMorgan Chase Financial Company LLC is offering $4,417,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for early automatic call at a premium if, on any Review Date from February 3, 2028 through February 3, 2033, the Index closes at or above the Call Value, set at 100% of the Initial Value of 11,948.96.
If automatically called, holders receive $1,000 plus a Call Premium Amount based on a 22.50% Call Premium Rate; the first Review Date premium is $450 per $1,000 note and the final Review Date premium is $1,571.4286. If not called and the Final Value is at or above the Barrier Amount, set at 60% of the Initial Value (7,169.376), investors receive principal only. If the Final Value is below the Barrier Amount, repayment equals $1,000 plus $1,000 times the Index Return, so investors can lose more than 40% and up to all principal.
The Index incorporates a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund component, which drag performance and cause it to lag a similar index without these charges. The notes are priced at $1,000 with $20 in fees and commissions, while the estimated value is $929 per $1,000 note, and they are not insured or bank deposits.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Buffered Return Enhanced Notes linked to the Bloomberg Commodity Index. The notes provide leveraged upside exposure, with an Upside Leverage Factor of at least 1.10 on any positive index return at maturity.
Investors are protected by a 10% buffer on index declines, but beyond that point losses accelerate at a Downside Leverage Factor of 1.11111, and principal can be lost in full. The notes are scheduled to price on or about February 5, 2026, mature on February 10, 2028, and use the index level on the February 7, 2028 observation date to determine payout.
If the notes priced on the date referenced, the estimated value would be approximately $971.10 per $1,000 note, and the final estimated value will not be less than $960.00. The issuer highlights complex tax treatment, potential adverse future tax guidance, lack of liquidity, and the difference between estimated value and original issue price as key risks.
JPMorgan Chase Financial Company LLC is offering $1,277,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured and unsubordinated obligations with $1,000 minimum denominations.
The notes may be automatically called as early as February 4, 2027 if the Index closes at or above the call value, paying $1,000 plus a call premium based on a 23.50% call premium rate. If held to February 8, 2033 and not called, investors get 3.00 times any Index gain, principal back if the Index is at or above 50% of its initial level, and lose principal one-for-one below that barrier.
The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance and can cause declines even when the underlying strategy is flat or modestly positive. The price to public is $1,000 per note, including $20 in selling commissions, while the estimated value at pricing was $919.60 per $1,000, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $500,000 of Uncapped Return Enhanced Notes linked to the Nasdaq-100 Futures Excess Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 3.17x any positive index return at maturity on February 7, 2036.
Holders forgo interest payments and can lose some or all principal if the index falls below its initial level of 677.3256. The price to the public is $1,000 per note, including $25 in fees and commissions, while the estimated value at pricing was $949.10 per $1,000 note, reflecting selling, structuring and hedging costs.
The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on any exchange, and any secondary market is expected to be limited, with typical resale prices below the original issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the worst performer of Centene, Invesco and Coinbase Class A common stock, maturing on February 10, 2028.
The notes pay a quarterly contingent coupon of at least 26.75% per annum (at least $66.875 per $1,000) only if each stock closes at or above 60% of its initial value on a review date. Starting August 5, 2026, the notes are automatically called if each stock is at or above its initial value, returning principal plus due and unpaid contingent interest.
If held to maturity and no automatic call occurs, investors receive principal back plus contingent interest only if every stock finishes at or above its 60% trigger; otherwise repayment is reduced one-for-one with the decline of the worst stock, with losses that can reach 100% of principal. The minimum denomination is $1,000, the notes are unsecured, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced today, would be about $916.20 per $1,000, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Equity Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and returns at least 95.00% of any Index gain at maturity, with no cap.
The notes provide a 20.00% downside buffer: if the S&P 500® falls by 20.00% or less from the strike level, investors receive their principal back at maturity. If the Index declines by more than 20.00%, principal is reduced 1% for every additional 1% drop, up to an 80.00% loss.
The notes pay no interest and do not provide any dividends from the S&P 500® companies. They are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the date described, the estimated value would be about $980.00 per $1,000 note, and will not be less than $950.00 per $1,000 note when set.
JPMorgan Chase Financial Company LLC is offering $1,401,000 of Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called any Review Date from February 4, 2027 through February 3, 2033 if the Index is at or above the Call Value.
Holders receive no interest or dividends and face downside exposure below a Barrier Amount set at 60% of the Initial Value of 11,948.96, meaning they can lose a significant portion or all principal at maturity. A fixed 6.0% per annum daily deduction and a notional financing cost drag on Index performance versus similar exposure without these charges.
The price to public is $1,000 per note, including $20 in fees and commissions, while the estimated value at pricing was $924.50 per $1,000, reflecting selling, structuring and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and are not bank deposits or insured by any government agency.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to the Class A common stock of Block, Inc. The total offering is $1,878,000, in $10 denominations with a minimum investment of $1,000.
The Notes pay a quarterly contingent coupon at a 12.10% per annum rate (or $0.3025 per $10) only if Block’s share price on an Observation Date is at or above the Coupon Barrier of $30.20, which is 50% of the Initial Value of $60.40. The Notes are automatically called if Block’s share price on any Observation Date is at or above the Initial Value, returning principal plus that period’s coupon.
If the Notes are not called and Block’s final share price is at or above the $30.20 Downside Threshold, investors receive principal plus the final coupon at maturity on February 5, 2027. If the final price is below the Downside Threshold, repayment is reduced in line with Block’s decline, and investors can lose most or all of their principal.
The Notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed on an exchange. The price to public is $10 per Note, including $0.15 in fees and commissions, while the estimated value at pricing was $9.671 per $10 Note.
JPMorgan Chase & Co. closed a public offering of $3,000,000,000 aggregate principal amount of Fixed-to-Floating Rate Subordinated Notes due 2037. The notes were issued as part of a registered shelf program on Form S-3 and are subordinated debt securities.
The company filed a legal opinion from Simpson Thacher & Bartlett LLP as Exhibit 5.1, along with the related consent and Inline XBRL cover page data as additional exhibits.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price around February 24, 2026 and mature on February 27, 2031.
At maturity, investors receive leveraged upside of at least 1.65 times any positive index return, with full principal repaid if the index is at or above 70% of its initial level. If the index finishes below this 70% barrier, repayment falls one-for-one with the index, and all principal can be lost.
The notes pay no interest, are unsecured and unsubordinated obligations, and are not bank deposits or FDIC insured. An example estimated value is approximately $934.60 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000 at issuance.