JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Nasdaq‑100, Russell 2000 and S&P 500 indices, each in $1,000 denominations and maturing on August 18, 2027.
The notes pay a monthly contingent coupon of at least 9.50% per annum (0.79167% per month) only if on each Interest Review Date all three indices close at or above 70% of their initial level. The notes may be automatically called quarterly starting August 13, 2026 if every index is at or above its initial level, returning principal plus that period’s coupon. If held to maturity and any index finishes below 70% of its initial level, repayment is reduced one‑for‑one with the worst‑performing index, and investors can lose most or all of principal. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, are not FDIC‑insured, and their estimated value on pricing is expected to be below the $1,000 issue price.
JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on March 2, 2029.
The notes offer an upside leverage factor of at least 1.56 on any positive return of the least performing index, if all three indices finish above their initial levels. If any index is at or below its initial level but each stays at or above 70.00% of its Initial Value, investors receive only the $1,000 principal per note at maturity.
If the Final Value of any index falls below its 70.00% barrier, repayment is reduced 1:1 with the decline of the least performing index, so principal losses can exceed 30.00% and reach 100%. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry credit, market, liquidity and tax risks. If priced on the illustrated date, the estimated value would be about $967.40 per $1,000 note, and will not be less than $900.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performance of the Nasdaq-100 Index® and the S&P 500® Index, maturing on March 2, 2028.
The notes have $1,000 minimum denominations, a 2.00x upside leverage on positive performance of the lesser-performing index, and a Maximum Upside Return of at least 22.50%. A 10.00% buffer provides downside protection only up to that level; if either index falls by more than 10.00%, principal is reduced 1% for each additional 1% decline, with up to 90.00% loss of principal possible at maturity.
The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the terms shown, the estimated value would be approximately $965.80 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked individually to the Nasdaq-100, Russell 2000 and S&P 500 indexes, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination and mature on February 16, 2029.
Investors may receive monthly contingent interest of at least 7.25% per annum (0.60417% per month) if on each Interest Review Date all three indexes are at or above 70% of their initial level. If any index is below its barrier on a review date, no interest is paid for that month.
The notes are automatically called on specified quarterly Autocall Review Dates, starting August 13, 2026, if each index closes at or above its initial value, returning $1,000 plus that period’s interest. If not called and any index finishes below 70% of its initial level at maturity, repayment is reduced one-for-one with the decline in the worst-performing index, and investors can lose most or all principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange, and have an estimated value of approximately $949.20 per $1,000 at launch, not less than $900. Tax treatment is complex, and U.S. and non-U.S. holders are directed to detailed tax discussions and potential withholding considerations.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing on March 1, 2029.
The notes provide at least 1.17x leveraged upside on any gain of the least performing index when all three finish above their initial levels, and an "absolute return" upside on index declines of up to 30% if each index stays at or above 70% of its initial value. Below that 70% barrier for any index, investors lose 1% of principal for each 1% decline in the least performing index and can lose their entire investment.
The minimum denomination is $1,000. The preliminary estimated value is approximately $952.90 per $1,000 note, and will not be less than $900.00 when finalized. The notes pay no interest or dividends, are unsecured, subject to the credit risk of both issuer and guarantor, and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of at least 11.50% per annum if, on each quarterly Review Date, the Index is at or above 60% of its Initial Value.
The notes can be automatically called on any Review Date from August 24, 2026 (excluding the first and final dates) if the Index is at or above its Initial Value, returning $1,000 per note plus the applicable coupon. If held to February 27, 2031 and never called, investors receive full principal only if the final Index level is at or above the 60% Trigger Value; otherwise, repayment is reduced one-for-one with the Index loss, potentially to zero. The Index includes a 6.0% per annum daily deduction, which drags performance, and the notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced today, the estimated value would be approximately $904.20 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes pay contingent interest only when the Index is at or above 70% of its Initial Value on a Review Date, with missed interest potentially paid later if conditions are met.
The notes can be automatically called starting February 11, 2027 if the Index is at or above its Initial Value, returning principal plus applicable interest. If held to maturity without an automatic call and the Index falls more than 15% below its Initial Value, investors lose 1% of principal for each additional 1% decline, up to an 85% loss.
The underlying Index uses dynamic leveraged exposure to the Invesco QQQ Fund with a 35% target volatility, a 6.0% per annum daily deduction and a notional financing cost, which together create a persistent drag on Index performance. The document states that if the notes priced on the indicated date, the estimated value would be about $912.40 per $1,000 note, and that the final estimated value will not be less than $900. Payments are unsecured and subject to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is issuing $347,000 of Auto Callable Accelerated Barrier Notes linked to the iShares Ethereum Trust ETF (ticker ETHA), fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a minimum denomination of $1,000 and priced on January 30, 2026, with expected settlement on or about February 4, 2026 and maturity on February 2, 2029. They may be automatically called on February 5, 2027 if the ETF’s closing price is at or above the Call Value, paying $1,000 plus a fixed Call Premium Amount of $412.50 per $1,000 note.
If not called and the ETF appreciates, investors receive an uncapped return equal to 1.50 times the ETF’s positive return at maturity. If the final price is at or above a Barrier Amount set at 60% of the Initial Value, investors receive their principal back. If the final price falls below the Barrier Amount, repayment is reduced one-for-one with the ETF decline, and investors can lose a significant portion or all of their principal.
The notes pay no interest, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including fees and commissions of $7.6945 per $1,000, with proceeds to the issuer of $992.3055 per $1,000. The estimated value at pricing was $955.70 per $1,000 note, reflecting internal funding and hedging costs. The structure involves substantial risks related to ether and the Ethereum network, potential illiquidity, limited ETF history and possible early acceleration if the ETF is liquidated without a successor fund.
JPMorgan Chase Financial Company LLC is issuing $669,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performer of the Dow Jones Industrial Average® and the S&P 500® Index, maturing on February 4, 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes provide 1.33 times any positive return of the lesser performing index at maturity, with a 10% downside buffer. If either index falls more than 10%, investors lose 1% of principal for each additional 1% decline in the lesser performer, up to a 90% loss. The notes pay no interest, provide no dividends, are unsecured, and carry the credit risks of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value was $976 per $1,000 note at pricing, below the issue price due to structuring and hedging costs.
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 on March 2, 2029.
The notes can be automatically called as early as March 3, 2027 if each index is at or above its 100% Call Value, paying back principal plus at least 14% on the first Review Date or at least 28% on the second. If held to maturity and not called, investors get 2.00x the gain of the lesser performing index when both finish above their initial levels, principal back if both stay at or above 70% of initial, and lose principal in line with the lesser performer if it falls below that 70% barrier. The minimum denomination is $1,000, and an illustrative estimated value is $958.80 per $1,000 note, with a floor of $900.00 when terms are set.