JPMorgan Chase & Co. is issuing $7,076,000 of callable fixed-rate notes due January 28, 2056. The notes pay 5.75% per annum, with interest paid in arrears every January 30 from 2027 through 2055 and at maturity, using a 30/360 day-count.
Starting January 30, 2028, and every January and July 30 through 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 subsidiary creditors, are not bank deposits, and are not FDIC insured. Tax counsel expects them to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.
JPMorgan Chase & Co. is offering $3,800,000 of callable fixed-rate notes due January 30, 2036. The notes pay 4.80% per annum, with interest paid annually on January 30, starting January 30, 2027, based on a 30/360 day-count and $1,000 denominations.
JPMorgan may redeem the notes in whole on January 30 and July 30 of each year from January 30, 2028 through July 30, 2035 at par plus accrued interest. If not called, investors receive principal plus accrued interest at maturity.
The price to the public is $1,000 per note, including hedging costs, with selling commissions up to $17 per $1,000 note and net proceeds to the issuer of $3,736,375. The notes are unsecured obligations, not bank deposits or FDIC insured, and could absorb losses ahead of subsidiary creditors in a resolution scenario.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Uncapped Accelerated Barrier Notes linked to the lesser performer of the Nasdaq-100 Futures Excess Index and the S&P 500 Futures Excess Return Index, maturing in February 2035.
The notes provide at least 3.77x leveraged upside on any gain in the weaker index if both finish above their initial levels. Principal is protected only if each index remains at or above 80% of its initial level at maturity; otherwise, repayment is reduced one-for-one with the weaker index and investors can lose all principal. The minimum denomination is $1,000, they pay no interest, are not listed, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing is expected to be about $970 per $1,000 note and not less than $950, reflecting embedded fees and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $3,456,000 of Trigger Autocallable GEARS linked to the Bloomberg Commodity Index 3 Month. Each Security has a $10 principal amount and offers a 14.10% Call Return if the index is at or above 100% of its initial level on the February 4, 2027 observation date, leading to an automatic call at $11.41. If not called and the index finishes above its initial level, investors receive principal plus 1.50 times the positive index return. If the final level is between 75% and 100% of the initial level, only principal is repaid, and below 75% investors lose principal in line with the index decline down to total loss. The Securities pay no interest, are unsecured, not FDIC‑insured, carry JPMorgan and guarantor credit risk, and had an estimated value of $9.291 per $10 at pricing, below the $10 issue price; UBS receives a $0.25 per‑Security selling commission.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered return enhanced notes linked to the Global X Silver Miners ETF, maturing on February 17, 2028. Each note has a $1,000 denomination and is designed to provide at least a $250 call premium if automatically called on February 18, 2027, when the ETF’s closing price is at or above 100% of its initial level.
If not called and the ETF rises, investors receive 1.5 times the fund’s gain at maturity. If the ETF is flat or down by up to 25%, principal is returned. If it falls by more than 25%, investors lose 1% of principal for each additional 1% decline, up to a 75% loss.
The notes pay no interest, do not provide ETF dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, so liquidity and secondary market pricing may be limited. The estimated value per $1,000 note is expected to be below the issue price due to selling, structuring and hedging costs.
JPMorgan Chase & Co. is offering $2,770,000 of callable fixed-rate notes due January 30, 2046. The notes pay annual interest at a fixed 5.55% rate, with interest paid in arrears each January 30, starting in 2027.
JPMorgan may redeem the notes at par plus accrued interest on January 30 and July 30 of each year from January 30, 2028 through July 30, 2045. The pricing table shows a $1,000 price to the public per note, with selling commissions up to $10.948 per $1,000 and issuer proceeds of $2,740,570. The filing highlights structural and resolution-related risks, including that noteholders rank behind creditors of JPMorgan’s subsidiaries in a stress or resolution scenario.
JPMorgan Chase & Co. is offering $2,000,000 of callable fixed-rate notes due January 30, 2036, paying 5.10% per annum. Investors receive annual interest on January 30 and repayment of principal at maturity, if the notes have not been redeemed earlier.
The notes are callable at JPMorgan’s option on January 30 and July 30 each year from 2028 through 2035 at par plus accrued interest. They are unsecured obligations of JPMorgan Chase & Co., not bank deposits, not FDIC insured, and structurally junior to creditors of its subsidiaries in a resolution scenario.
The price to the public is $1,000 per note, with total offering size of $1,999,950 and issuer proceeds of $1,995,000 after $4,950 in selling commissions. Certain institutional or fee-based accounts may pay $999.50 per $1,000 note with reduced or no selling commissions.
JPMorgan Chase & Co. is offering $1,500,000 of callable fixed-rate notes due January 28, 2033. The notes pay simple interest at 4.65% per annum, calculated on a 30/360 basis, with interest paid annually on January 30 from 2027 through 2032 and at maturity.
Starting January 30, 2028 and on each January 30 and July 30 through July 30, 2032, JPMorgan may redeem the notes in whole at par plus accrued interest. Net proceeds are $1,494,250 after selling commissions of $3.833 per $1,000 note. The notes are unsecured obligations, structurally junior to subsidiary creditors, and are not bank deposits or FDIC insured.
JPMorgan Chase & Co. is offering $4,220,000 of callable fixed rate notes due July 28, 2034. The notes pay 4.60% per annum, with interest paid annually each January 30 starting in 2027 and at maturity, based on a 30/360 day-count.
Beginning January 30, 2028, and on the 30th day of January, April, July and October through April 30, 2034, JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part. Each $1,000 note is sold at $1,000, with selling commissions of $16.026 and issuer proceeds of $983.974 per note, or $4,152,370 in total.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, are not insured by the FDIC or any government agency, and in a resolution scenario would rank behind creditors of JPMorgan’s subsidiaries and its priority and secured creditors.
JPMorgan Chase & Co. is offering $7,300,000 of callable fixed-rate notes due July 30, 2038 that pay 5.25% per annum, with interest paid annually on January 30 and at maturity, using a 30/360 day-count convention.
Beginning January 30, 2028, and on each January 30 and July 30 through January 30, 2038, JPMorgan may redeem all of the notes at par plus accrued interest. The public offering price is $1,000 per note, including $4.962 in selling commissions, resulting in approximately $7.26 million of proceeds to the issuer.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any other governmental agency. In a bankruptcy or Dodd-Frank “single point of entry” resolution, holders could face losses after equity and subsidiary creditors are addressed.