JPMorgan Chase & Co. is offering callable step-up fixed rate notes maturing on February 12, 2038. The notes pay annual interest on February 13, starting in 2027, at 4.50% per annum to 2029, 5.25% to 2032, 5.50% to 2035 and 6.50% to maturity.
The issuer may redeem the notes at par plus accrued interest on February 13 and August 13 each year from 2028 through 2037. At maturity, if not previously called, investors receive the principal plus any accrued interest. The notes are unsecured, not FDIC insured and structurally junior to liabilities of JPMorgan Chase & Co.’s subsidiaries in a resolution scenario.
For U.S. federal income tax purposes, special tax counsel expects the notes to be treated as step-up fixed-rate debt instruments issued without original issue discount.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The minimum denomination is $1,000 and the notes are scheduled to mature on March 4, 2031.
Investors may receive a contingent quarterly interest payment if, on a Review Date, the Index closing level is at least 60% of the Initial Value, subject to an auto-call feature that can redeem the notes early starting August 27, 2026 if the Index is at or above the Initial Value. A hypothetical contingent interest rate of 13.50% per annum (3.375% per quarter) is illustrated.
If the notes are not called and the Final Value is below the Trigger Value (also 60% of the Initial Value), principal is reduced 1% for each 1% Index decline, potentially to zero. The underlying Index uses leveraged exposure to gold futures with a 6.0% per annum daily deduction, which creates a persistent drag on performance. The estimated value per note is indicated at approximately $925 on a $1,000 note if priced today and will not be less than $900 at pricing, reflecting embedded selling commissions, hedging costs and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on February 27, 2031.
The notes can be automatically called on annual Review Dates starting February 26, 2027 if the Index closes at or above the Call Value, paying $1,000 plus a Call Premium of at least 25% to 125% of principal depending on the year. If never called and the Final Index Value is at or above 50% of the Initial Value, investors receive their principal back at maturity.
If the notes are not called and the Final Value is below the 50% Barrier Amount, repayment is $1,000 plus $1,000 times the Index Return, so investors lose 1% of principal for each 1% Index decline and can lose their entire investment. The Index includes a 6.0% per annum daily deduction, which drags performance and means the Index will lag a similar index without this fee. The minimum denomination is $1,000, and the estimated value would be about $900.90 per $1,000 if priced on the described date, and will not be less than $900.00 per $1,000 at issuance.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in February 2031.
The notes can be automatically called quarterly starting in February 2027 if the Index is at or above the Call Value, paying $1,000 plus a call premium that starts at 16.5% of principal and can reach at least 82.5% on the final review date. If never called and the Index falls more than a 15% buffer by maturity, investors lose 1% of principal for each 1% decline beyond that, up to an 85% loss. The Index includes a 6.0% per annum daily deduction and a daily notional financing cost, which drag on performance, and the preliminary estimated value is about $906.30 per $1,000 note, not less than $900.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent income rather than fixed coupons or dividends.
Holders receive a Contingent Interest Payment on any Review Date when the Index closes at or above 75% of its Initial Value, with an indicative Contingent Interest Rate of at least 10.00% per annum. The notes are automatically called if, from the twelfth Review Date onward, the Index is at or above its Initial Value, returning principal plus the applicable interest.
If not called and the Final Value is below a 70% Buffer Threshold, principal loss is linear beyond a 30% buffer, up to 70% loss. The underlying Index includes a 6.0% per annum daily deduction and a notional financing cost on its QQQ exposure, which create a persistent drag on performance. An example estimated value is $911.40 per $1,000 note, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated variable annual contingent income notes linked to the MerQube US Large-Cap Vol Edge Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to price around February 27, 2026, settle around March 4, 2026 and mature on March 4, 2031, in minimum denominations of $1,000.
Investors forgo traditional interest and dividends in exchange for potential annual Contingent Coupon Payments that depend on the Index’s annual performance between observation dates; if the Annual Index Return is less than or equal to zero, the coupon for that year is zero. Principal is intended to be repaid at maturity, subject to the credit risk of both the issuer and guarantor.
The underlying Index uses a rules-based strategy providing exposure to E-mini S&P 500 futures with target volatility of 20%, leverage up to 400% and a 4% monthly upside cap, which can magnify losses while limiting gains. If the notes priced on the reference date in the document, their estimated value would be approximately $962.20 per $1,000 note; at pricing, the estimated value will be disclosed and will not be less than $900.00 per $1,000 note.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year variable annual contingent income notes linked to the MerQube US Large-Cap Vol Edge Index. The Index uses leveraged E-mini S&P 500 futures exposure with a target volatility and a 4% monthly upside cap.
The notes pay an annual contingent coupon per $1,000 equal to the participation rate (at least 100%) multiplied by the Annual Index Return, but coupons can be zero if the Index return is not positive. At maturity, investors receive full principal plus any final contingent coupon, subject to JPMorgan credit risk. The indicative estimated value will be at least $900 per $1,000, and risks include lack of liquidity, complex index behavior, leverage, and conflicts of interest.
JPMorgan Chase & Co. is offering callable fixed rate notes that pay 4.20% per annum and mature on February 5, 2031. Interest is paid semi-annually on February 5 and August 5 of each year, starting August 5, 2026, using a 30/360 day count convention.
The notes are callable at JPMorgan’s option on February 5, 2029 at par plus accrued interest, so investors may receive principal back before maturity. They are unsecured obligations of JPMorgan Chase & Co., structurally subordinated to creditors of its subsidiaries and exposed to potential losses under U.S. resolution regimes, meaning holders could face reduced recoveries in a bankruptcy or Title II resolution. The notes are not bank deposits and are not insured by the FDIC or any other governmental agency.
JPMorgan Chase & Co. is issuing $7,506,000 of callable fixed rate notes due February 3, 2056. The notes pay 5.55% per annum, with interest paid annually on February 3, starting in 2027, based on a 30/360 day count convention.
Beginning August 3, 2030, and on each February 3 and August 3 thereafter through August 3, 2055, JPMorgan may redeem the notes in whole at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to liabilities of its subsidiaries, not bank deposits and not FDIC insured.
Per $1,000 note, the price to the public is $1,000, including $20.517 in selling commissions, resulting in proceeds to the issuer of $979.483 per note, or $7,351,996 in total. Investors are directed to detailed risk factors and U.S. federal income tax consequences in the referenced offering documents.
JPMorgan Chase Financial Company LLC priced $2,108,000 of auto-callable notes linked to the J.P. Morgan Multi-Asset Index ("MAX") on January 29, 2026, expected to settle on or about February 3, 2026. Each note has a $1,000 principal denomination, a price to public of $1,000, selling commission of $34 and proceeds to the issuer of $966 per note.
The notes are auto-callable beginning on February 5, 2027 across six step-up Review Dates with increasing Call Premiums (7% to 42%) and Call Values above the Initial Value (Initial Value: 323.17). If not called, maturity is February 3, 2033, with an Additional Amount at maturity equal to $1,000 × Index Return × 100%, floored at zero. The estimated value at pricing was $908.80 per $1,000 note. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. and carry issuer and guarantor credit risk, limited liquidity, and specific tax treatment as contingent payment debt instruments.