JPMorgan Chase & Co. is issuing $40,631,000 of callable fixed rate notes due January 30, 2046. The notes pay interest at a fixed rate of 5.375% per annum, with interest payable monthly in arrears using a 30/360 day count convention.
JPMorgan may redeem the notes in whole, but not in part, on January 30 and July 30 of each year from January 30, 2028 through July 30, 2045 at par plus accrued interest. The price to the public is $1,000 per note, including $11.760 in selling commissions, resulting in $40,153,178 of proceeds to the issuer before other expenses.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. The disclosure highlights resolution-planning and bankruptcy risks, including that noteholders are unsecured creditors structurally subordinated to creditors of JPMorgan’s subsidiaries.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes pay contingent interest at a rate of at least 19.00% per annum (about 1.58333% per month) whenever Palantir’s share price on a review date is at or above 60% of the initial share value.
The notes can be automatically called as early as August 5, 2026 if Palantir’s share price is at or above the initial value on specified review dates, returning $1,000 per note plus the applicable interest. If held to February 8, 2029 and not called, principal is protected only if the final share price is at or above 50% of the initial value; below that trigger, repayment is reduced one-for-one with Palantir’s decline, and investors can lose most or all of their principal. The notes are unsecured obligations in $1,000 minimum denominations and are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase & Co. is offering senior unsecured callable fixed rate notes due February 13, 2041. The notes pay interest annually at a fixed rate of 5.45% per annum, calculated on a 30/360 day count basis, with payments each February 13 starting in 2027.
Beginning May 13, 2028, and on the 13th of February, May, August and November through November 13, 2040, the issuer may redeem the notes in whole at par plus accrued interest. The notes are not bank deposits, are not FDIC insured and rank junior to creditors of JPMorgan Chase & Co.’s subsidiaries in a resolution scenario.
For eligible institutional and fee-based advisory accounts, the public offering price per $1,000 principal amount will be between $962.60 and $1,000, and selling commissions would be approximately $2.50 per $1,000 (capped at $32.50). Special tax counsel expects the notes to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.
JPMorgan Chase Financial Company LLC is offering $41,000 of Step-Up Auto Callable Notes linked to the S&P® Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) due February 1, 2033. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest or dividends. Investors may receive early redemption at a premium if, on any of six annual Review Dates starting January 28, 2027, the Index is at or above a rising Call Value (101%–106% of the Initial Value). Call premiums step up from 8% to 48% of principal.
If never called, investors receive full principal at maturity plus uncapped upside equal to the Index return times a 100% participation rate, but not less than principal. The price to public is $1,000 per note, including $42.75 in fees, with issuer proceeds of $957.25 per $1,000. The estimated value at pricing was $902.20 per $1,000, reflecting selling costs and hedging. Key risks include issuer and guarantor credit risk, index drag from a 0.50% annual deduction and financing cost, potential illiquidity, and structural features that may cap upside or cause underperformance.
JPMorgan Chase & Co. is offering callable fixed rate notes maturing on February 11, 2033. The notes pay 4.65% per year, with interest paid annually on February 13 from 2027 through 2032 and at maturity, based on a 30/360 day count convention.
Starting February 13, 2028, and on each February 13 and August 13 through 2032, JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part, with at least five business days’ notice. The notes are unsecured obligations of JPMorgan and are not bank deposits or FDIC insured.
The documentation highlights that in a resolution of JPMorgan under U.S. bankruptcy or Dodd-Frank Title II regimes, noteholders are unsecured creditors and structurally subordinate to creditors of subsidiaries, so losses would fall on equity holders first and then unsecured debt, including these notes. The notes are intended for buy-and-hold investors, and tax counsel views them as fixed-rate debt instruments for U.S. federal income tax purposes.
JPMorgan Chase & Co. is offering callable fixed rate notes due February 13, 2046. The notes pay interest annually at a fixed rate of 5.55% per year, calculated on a 30/360 day-count basis, with payments each February 13 starting in 2027.
JPMorgan may redeem the notes early, in whole but not in part, on February 13 and August 13 of each year from 2028 through 2045 at par plus accrued interest. Investors receive principal plus accrued interest at maturity if the notes have not been called.
The notes are unsecured obligations of JPMorgan Chase & Co. and are structurally junior to obligations of its subsidiaries. In a stress or resolution scenario, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes.
JPMorgan Chase & Co. is offering callable fixed-rate notes due February 13, 2036. The notes pay 5.00% per annum, with interest paid in arrears each year on February 13 for each $1,000 principal amount, using a 30/360 day count convention.
Starting February 13, 2028, and on each February 13 and August 13 through August 13, 2035, JPMorgan may redeem the notes in whole at par plus accrued interest. The notes are unsecured obligations, not FDIC insured, and in a resolution scenario losses would be borne by equity holders first and then unsecured creditors, including these notes.
JPMorgan Chase Financial Company LLC plans to issue auto callable contingent interest notes linked to the Class A common stock of AppLovin Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a contingent interest rate of at least 20.3625% over the term, paying at least 6.7875% per quarter when the stock closes at or above 50% of the strike value of $542.36, i.e., an interest barrier and trigger value of $271.18. The notes may be automatically called as early as April 28, 2026 if the stock closes at or above the strike value on a review date. If not called and the final stock value is below the trigger, investors lose 1% of principal for each 1% stock decline from the strike, potentially losing most or all of their investment. The estimated value is currently about $984.50 per $1,000 note, and will not be less than $950.00 per $1,000 note when finalized.
JPMorgan Chase & Co. is offering callable fixed-rate notes due February 13, 2031 that pay 4.35% per year. Investors receive annual interest on February 13, starting in 2027, and repayment of principal plus accrued interest at maturity if the notes have not been redeemed earlier.
The notes can be called by JPMorgan at par plus accrued interest on February 13 and August 13 of each year from 2028 through 2030. The price to the public per $1,000 principal amount will range between $987.60 and $1,000, with selling commissions capped at $12.50 per $1,000. The notes are unsecured and structurally subordinated to liabilities of JPMorgan’s subsidiaries, and losses in a resolution scenario would be borne after equity but alongside other unsecured creditors.
JPMorgan Chase & Co. is offering unsecured callable fixed rate notes due February 11, 2033. The notes pay interest at a fixed 4.50% per annum, with interest paid annually in arrears on February 13, beginning in 2027, for each $1,000 principal amount.
Starting February 13, 2028, and on each February 13 and August 13 through August 13, 2032, JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part. The notes are not bank deposits, are not FDIC insured, and rank behind creditors of JPMorgan’s subsidiaries in a resolution scenario under U.S. resolution frameworks.