JPMorgan Chase Financial Company LLC is offering auto‑callable, dual directional contingent buffered return enhanced notes linked to the S&P 500® Index. The notes carry a call premium of 9.15% if the index is at or above the Index Strike Level on the February 10, 2027 review date.
If not called, upside at maturity is 1.50× the positive Index Return. A 20.00% contingent buffer protects against declines up to that amount, capping the maximum negative‑return protection at $1,200 per $1,000 note for certain negative outcomes; losses occur if the Index falls more than 20.00%. The Index Strike Level is 6,978.03 (Strike Date: January 28, 2026), Pricing Date January 29, 2026, Original Issue Date on or about February 3, 2026, Maturity Date February 2, 2028. Price to public is $1,000.00 per note; selling commissions are $15.00, with proceeds to issuer $985.00 per note and an estimated value of $980.40 per note when terms were set.
JPMorgan Chase Financial Company LLC is offering $250,000 of capped buffered equity notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 3, 2027, after pricing on January 29, 2026 and expected settlement around February 3, 2026.
Investors receive 1.00x any S&P 500 gain at maturity, capped at a maximum return of 9.00%, or $1,090 per $1,000 note. A 20.00% downside buffer protects principal for index declines up to 20%, but below that level investors lose 1% of principal for each additional 1% index drop, for a potential loss of up to 80% of principal (down to $200 per $1,000).
The notes pay no interest, pass through no dividends, and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including selling commissions of $22.25, with proceeds to the issuer of $977.75 per note. The estimated value at issuance is $966.90 per $1,000, reflecting structuring, distribution and hedging costs, and secondary market prices are expected to be below the issue price and may be illiquid.
JPMorgan Chase Financial Company LLC is offering $304,000 of capped dual directional buffered equity notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 3, 2027 and are issued in $1,000 minimum denominations.
At maturity, investors can earn index-linked upside up to a Maximum Upside Return of 11.25%, and can gain from index declines of up to a 10.00% buffer via an “absolute return” feature. If the S&P 500® falls more than 10%, principal loss is 1% for each additional 1% decline, up to a 90% loss.
The notes pay no interest, provide no dividends, and are unsecured obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not bank deposits, are not FDIC insured, and are expected to be illiquid with secondary prices typically below the $1,000 issue price. The estimated value at pricing was $965.00 per $1,000 note, reflecting embedded costs and hedging factors.
JPMorgan Chase Financial Company LLC is issuing $300,000 of capped buffered equity notes linked to the lesser performer of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer 1.00x upside on the lesser-performing index, capped at a maximum return of 16.30%, with a 30.00% downside buffer. If either index falls more than 30%, principal is reduced 1% for each additional 1% decline, up to a 70.00% loss.
The notes pay no interest or dividends, are unsecured and unsubordinated, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, with selling commissions of $10 and issuer proceeds of $990 per note.
The estimated value at pricing was $980.10 per $1,000 note, reflecting selling, structuring and hedging costs and use of an internal funding rate. The notes are not listed, and secondary market prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC is offering auto-callable yield notes due February 3, 2028 linked to the lesser performing of the S&P 500® Index and the common stock of Salesforce, Inc. The notes pay at least 9.75% per annum (at least 0.8125% per month) and have a $1,000 minimum denomination.
The notes are expected to price on or about February 2, 2026 and settle on or about February 5, 2026. Each Underlying’s Strike Value was set as of January 30, 2026 (Index: 6,939.03; CRM: $212.29) and the Trigger Value equals 55.00% of each Strike Value. The notes may be automatically called beginning on February 1, 2027 if both Underlyings close at or above their Strike Values on a Review Date. Principal repayment at maturity depends on the Lesser Performing Underlying Return; investors can lose more than 45.00% of principal and could lose the entire principal.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable buffered return enhanced notes linked to the common stock of Constellation Energy Corporation. Each note has a $1,000 denomination and provides no interest or dividend payments.
The notes may be automatically called on the February 12, 2027 review date if Constellation Energy’s share price is at or above the $280.68 stock strike price, paying $1,000 plus a call premium of at least 27.47%. If not called, at the February 3, 2028 maturity investors receive leveraged upside of at least 1.25× any positive stock return, full principal back if the stock is down by up to 25%, and a 1.33333× leveraged loss beyond that buffer, exposing holders to partial or total principal loss. The estimated value is approximately $973.10 per $1,000 note and will not be less than $960.00, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase & Co. is offering $3,000,000,000 of fixed-to-floating rate subordinated notes due 2037 at 100.000% of principal. The notes pay a fixed 5.193% annual coupon semi-annually until February 5, 2036, then a quarterly floating rate of Compounded SOFR plus 1.300% until maturity.
The notes are unsecured and subordinated to Senior Indebtedness, and may be redeemed at specified prices from 2031, including at par on February 5, 2036 and thereafter. Net proceeds of about $2,986,500,000 will be contributed to JPMorgan Chase Holdings LLC for general corporate purposes across the group.
JPMorgan Chase Financial Company LLC is offering $2,665,000 of callable contingent interest notes linked to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of 8.66% per annum, credited monthly, but only for review dates when each index closes at or above 70% of its initial level. If any index is below this interest barrier on a review date, no interest is paid for that period.
The issuer can redeem the notes early, in whole, on designated interest payment dates starting August 3, 2026, paying $1,000 plus the applicable contingent interest, ending all future payments. If held to the February 1, 2029 maturity and no early redemption occurs, investors receive $1,000 plus final contingent interest if every index finishes at or above its 70% trigger value. If any index ends below its trigger, principal is reduced 1% for each 1% decline in the worst-performing index, potentially down to zero.
The price to the public is $1,000 per note, including selling commissions of $29.50 per $1,000, for net proceeds of $2,586,382.50 to the issuer. The estimated value at pricing is $950.60 per $1,000, reflecting structuring and hedging costs. The unsecured notes carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not bank deposits, not FDIC insured, and will not pay dividends from the underlying indices.
JPMorgan Chase Financial Company LLC is offering structured Buffered Digital Notes linked to the lesser performer of the S&P 500 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about February 4, 2026 and mature on February 9, 2028.
At maturity, investors receive a fixed return of at least 26.00% per $1,000 note if the final level of each index is at or above its initial level. If either index finishes more than 10.00% below its initial level, principal is reduced 1% for each 1% drop beyond that buffer, up to a 90.00% loss.
The notes pay no interest, provide no dividends, and are unsecured, unsubordinated obligations subject to the credit risk of both issuers. They will not be listed on an exchange, and secondary market prices are expected to be below the $1,000 price, with an initial estimated value of about $981.10 per $1,000 and not less than $900.00 when finalized.
JPMorgan Chase Financial Company LLC outlines preliminary terms for unsecured Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on specified annual Review Dates starting February 24, 2027, if the Index closes at or above a step-up Call Value, paying $1,000 plus a Call Premium Amount of at least 8%, 16%, 24% or 32% of principal depending on the call year.
If not called, at maturity in 2031 holders receive $1,000 plus an Additional Amount equal to the Index return times a 100% participation rate, with principal repaid in full but no guaranteed interest. The Index embeds a 1.00% per annum daily deduction and follows a momentum-based, volatility-targeted allocation across equity, bond and commodity futures. The estimated value, if priced on the described date, would be about $941.20 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing. Extensive risk factors highlight credit risk of the issuer and guarantor, potential illiquidity, model and hedging risks, Index strategy limitations and U.S. tax treatment as contingent payment debt instruments.