JPMorgan Chase Financial Company LLC is offering unsecured, callable contingent interest notes due February 15, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100® Technology Sector index, the State Street® Consumer Discretionary Select Sector SPDR® ETF and the State Street® SPDR® S&P® Biotech ETF.
Investors receive monthly Contingent Interest Payments only when the closing value of each underlying on a Review Date is at or above 70% of its Initial Value (the Interest Barrier). The Contingent Interest Rate, set on pricing, will be at least 12.25% per annum, paid monthly if conditions are met, and the issuer may redeem the notes early on specified Interest Payment Dates starting May 14, 2026.
If the notes are not redeemed early, principal repayment at maturity depends on the Least Performing Underlying. Full principal is repaid only if its Final Value is at or above 60% of its Initial Value (the Trigger Value); below that level, repayment is reduced one-for-one with the decline, and investors can lose all principal. The notes are not listed, carry JPMorgan credit risk, and their estimated value, if priced on the indicated date, would be about $965.60 per $1,000 principal amount, with a final estimated value not less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the worst performer of the Nasdaq-100 Technology Sector, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF, maturing in 2029.
The notes pay a monthly contingent coupon only when the closing value of each underlying is at or above 70% of its initial value, with a minimum contingent interest rate of 8.60% per annum. Starting in August 2026, the notes are automatically called if, on a review date, each underlying is at or above its initial value, returning $1,000 per note plus that period’s coupon.
If the notes are not called and any underlying finishes below 70% of its initial value at maturity, repayment of principal is reduced one-for-one with the decline of the least performing underlying, potentially down to zero. The preliminary estimated value is about $947.40 per $1,000 note, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering unsecured, auto-callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with a scheduled maturity on February 27, 2031.
The notes may be automatically called quarterly starting February 26, 2027 if the Index is at or above the Call Value, paying $1,000 plus a preset Call Premium Amount that rises from at least 17% to 85% of principal over successive Review Dates.
If not called, principal is protected only by a 15% downside buffer; if the Index closes more than 15% below its initial level at final valuation, investors lose 1% of principal for each additional 1% decline, up to an 85% loss.
The underlying Index applies a 6.0% per annum daily deduction and a notional financing cost (SOFR plus 0.50%), can use up to 500% leverage, and targets 35% implied volatility, so it is designed to trail a similar index without these charges.
The minimum denomination is $1,000, the estimated value is indicated at approximately $910.20 per $1,000 note (and not less than $900.00 when set), the notes pay no interest or dividends, are not FDIC insured, and will not be listed, leaving any secondary liquidity largely dependent on J.P. Morgan Securities LLC.
JPMorgan Chase Financial Company LLC is issuing $1,375,000 of callable contingent interest notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the State Street Energy Select Sector SPDR ETF, guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on January 6, 2028 and are issued in $1,000 minimum denominations.
The notes pay a contingent coupon at an annual rate of 8.10% (0.675% monthly) only if, on a Review Date, each underlying is at or above 60% of its Initial Value. JPMorgan may redeem the notes early on specified interest payment dates, no earlier than May 7, 2026, returning $1,000 plus the applicable coupon.
If the notes are not called and, on the final Review Date, any underlying finishes below its 60% Trigger Value, repayment of principal is reduced one-for-one with the decline of the worst performer, potentially down to zero. The price to public is $1,000 per note, including $22.25 in selling commissions, while the estimated value at pricing was $956.70 per $1,000.
JPMorgan Chase Financial Company LLC is issuing unsecured Callable Contingent Interest Notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes run to February 19, 2031, pay monthly contingent interest only when each index stays at or above 75% of its initial level, and feature a 15% downside buffer. If the lesser-performing index finishes more than 15% below its initial level at maturity and the notes are not called, investors can lose up to 85% of principal. A hypothetical contingent interest rate of 6.75% per year (0.5625% per month) is illustrated, and early redemption at the issuer’s option is possible beginning February 19, 2027. The preliminary estimated value is about $942.50 per $1,000 note and will not be less than $900.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked separately to the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing March 1, 2029.
The notes can be automatically called on review dates starting March 2, 2027 if each index closes at or above 100% of its initial level, paying $1,000 plus a call premium of at least 11.75% on the first review date or 23.50% on the second. If not called, at maturity investors receive 2.25 times any positive return of the lesser performing index, full principal back if both indices stay at or above 70% of their initial levels, and otherwise lose 1% of principal for each 1% decline in the lesser performer, potentially losing their entire investment.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes linked individually to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with $1,000 minimum denominations and maturity on January 15, 2030.
Investors receive a Contingent Interest Payment on a Review Date only if the closing level of each index is at least 60% of its Initial Value; otherwise, no interest is paid for that period. The issuer may redeem the notes early on specified Interest Payment Dates beginning February 16, 2027, paying $1,000 plus any due contingent interest.
If the notes are not redeemed and, on the final Review Date, any index finishes below its Trigger Value of 50% of its Initial Value, repayment of principal is reduced in proportion to the decline of the least performing index, potentially resulting in a substantial or total loss of principal. A hypothetical Contingent Interest Rate of 7.60% per annum is used for illustrations, and if priced today, the estimated value would be approximately $971.30 per $1,000 note, with the final estimated value not less than $900. Key risks include loss of principal, the possibility of no interest, issuer and guarantor credit risk, lack of liquidity, and complexity of tax treatment.
JPMorgan Chase & Co. is offering capped floating rate notes due February 8, 2041. Investors receive their full principal at maturity plus any accrued and unpaid interest.
The notes pay quarterly interest in arrears each February, May, August and November. The interest rate for each period equals the Benchmark Rate, initially Compounded SOFR, plus a fixed 1.33% spread. This rate cannot fall below a 0.00% minimum or exceed a 6.50% maximum per year.
Interest is calculated using a 30/360 day count and observation periods based on U.S. Government Securities Business Days. The supplement also updates how a Benchmark Replacement would be chosen if a SOFR benchmark transition occurs.
Key risks include limited precedent for compounded SOFR notes, potential volatility in SOFR, possible adverse effects from benchmark replacement procedures, limited secondary market liquidity, and the fact that noteholders rank behind creditors of JPMorgan Chase & Co.’s subsidiaries in a resolution scenario. For U.S. federal income tax purposes, the notes are treated as variable rate debt instruments, with interest generally taxed as ordinary income.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 3-year structured notes linked to the MerQube US Tech+ Vol Advantage Index. The index references an unfunded position in the Invesco QQQ Trust, Series 1, with daily financing and a 6.0% per annum index deduction.
The notes feature automatic call opportunities on annual review dates if the index level is at or above 100% of its initial value, paying at least a 29.75% per annum call premium. Capital is protected only if, at final maturity, the index level is at or above 60% of its initial value; otherwise, investors face losses greater than 40% and up to their entire principal. The estimated value will not be less than $900 per $1,000 note, and all payments are subject to JPMorgan credit risk and limited secondary market liquidity.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering five-year notes linked to the MerQube US Tech+ Vol Advantage Index. The index provides rules-based exposure to an unfunded position in the Invesco QQQ Trust, with leverage between 0% and 500% and a 6.0% per annum daily deduction plus notional financing costs.
The notes can be automatically called on annual review dates if the index is at or above its initial level, paying $1,000 plus a Call Premium Amount of at least 28.50% per annum per note. If not called and the final index value is at or above 50.00% of the initial value, investors receive principal back; below that barrier, repayment is reduced by the full negative index return, so more than 50.00% and up to all principal can be lost.
The estimated value when set will be at least $900.00 per $1,000 note, and any payment depends on the credit of both the issuer and guarantor. Key risks include limited upside to call premiums, potential for significant loss of principal, index leverage and fee drag, lack of liquidity, tax uncertainty and conflicts of interest in index design and note pricing.