JPMorgan Chase Financial Company LLC is offering structured notes linked to the S&P 500® Equal Weight Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target 1.25x any index gains at maturity, capped at a Maximum Upside Return of at least 15.30%.
They also provide a dual-directional feature: if the index is flat or down by up to 10%, investors receive an unleveraged positive return equal to the index’s absolute decline, up to 10%. Beyond a 10% index loss, principal declines at 1.11111% for each additional 1% drop, so investors can lose some or all principal.
The notes pay no interest or dividends, are unsecured, will not be listed on an exchange, and secondary market prices are expected to be below the $1,000 price to public. The estimated value would be about $980 per $1,000 note if priced on the date shown, and not less than $950 when set, reflecting selling costs and internal hedging and funding assumptions.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an uncapped leveraged upside and a buffered, dual-direction payoff at maturity.
At maturity, if the index has risen, investors receive principal plus at least 1.525 times any positive index return. If the index is flat or down by up to the 20% buffer, they receive principal plus the absolute value of the index move, capped at $1,200 per $1,000 when the index is down exactly 20%.
If the index falls by more than 20%, investors lose 1% of principal for each 1% decline beyond the buffer, for a maximum loss of 80%. The notes pay no interest, are not FDIC insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $940 per $1,000 note and will not be less than $920, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing in February 2031.
The notes provide at least 1.80x any positive Index performance at maturity, with a 20% downside buffer. If the Index falls more than 20%, investors lose 1% of principal for each additional 1% decline, up to an 80% loss.
The notes pay no interest, are unsecured, not FDIC insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. A preliminary estimated value example is $972.40 per $1,000 note, with the final estimated value to be at least $900, reflecting selling costs and hedging expenses. The underlying Index tracks E-mini® S&P 500® futures and is subject to futures-specific risks such as negative roll returns, market disruptions and potential divergence from the S&P 500® Index.
JPMorgan Chase Financial Company LLC is offering contingent income auto-callable securities linked to the common stock of Valero Energy Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. These unsecured notes expose investors to the issuer’s and guarantor’s credit risk and place principal at risk.
The securities have a stated principal amount of $1,000 per note and an aggregate principal amount of $4,490,000. Investors may receive a contingent quarterly payment of $26.875 per note, equal to 2.6875% of principal, on each determination date where Valero’s closing price is at or above 60% of the initial stock price. That downside threshold is set at $112.254, based on an initial stock price of $187.09.
If on any non-final determination date Valero’s closing price is at or above the initial stock price, the notes are automatically redeemed for $1,000 plus the applicable contingent payment, and no further payments occur. If the notes are not called and the final stock price is at or above the downside threshold, investors receive principal plus the final contingent payment at maturity on January 26, 2029.
If the notes are not called and the final stock price is below the downside threshold, repayment is reduced 1-to-1 with Valero’s share decline, via the stock performance factor (final stock price divided by initial stock price). In that case, investors receive less than 60% of principal and could lose their entire investment. Investors do not participate in any stock price appreciation or dividends. The issue price is $1,000 per note, while the estimated value on the pricing date is $963.60, reflecting embedded structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $4,140,000 of auto callable contingent interest notes linked to the common shares of Celestica Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on July 28, 2027.
The notes offer a contingent interest rate of 30.00% per annum, paid monthly at 2.50%, but interest is only paid for a Review Date if Celestica’s share price is at or above 60.00% of the Initial Value of $303.09. The notes may be automatically called as early as April 23, 2026 if on a qualifying Review Date (other than the first, second and final) the share price is at or above the Initial Value, returning $1,000 per note plus the applicable coupon.
If the notes are not called and the final share price is at or above 50.00% of the Initial Value, principal is repaid in full, plus any final contingent interest. If the final share price is below that 50.00% trigger, repayment is reduced one-for-one with the stock decline, and investors can lose more than 50.00% and up to all principal. The notes are unsecured obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, with selling commissions of $22.25 per note and net proceeds of $977.75 per note; the issuer’s estimated value is $937.90 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a term to February 1, 2029, with a potential automatic call on February 4, 2027 if each index is at or above its Call Value. If called, investors receive $1,000 plus a Call Premium Amount of at least $100 per note, and the notes terminate early.
If not called and each index finishes above its initial level at maturity, the payoff equals $1,000 plus 1.98 times the appreciation of the least performing index. A 25% buffer protects principal against moderate declines, but if any index falls more than 25%, principal is reduced 1% for each 1% decline beyond the buffer, up to a 75% loss.
The notes pay no interest and do not provide dividends from index constituents. They are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced on the stated date, is approximately $983.90 per $1,000 note and will not be less than $900.00, reflecting selling costs, hedging costs and issuer funding assumptions. The tax treatment is complex, with counsel viewing the notes as open transactions, and there are detailed risk factors on liquidity, conflicts of interest, market volatility and potential adverse tax or regulatory developments.
JPMorgan Chase Financial Company LLC is offering unsecured Callable Contingent Interest Notes linked separately to the S&P 500 Index and the VanEck Gold Miners ETF, guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only when the closing value of each underlying is at or above 60% of its Initial Value, serving as both the Interest Barrier and Trigger Value in the hypotheticals.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting around May 5, 2026, returning $1,000 per note plus any due contingent interest. If held to maturity and not redeemed early, investors receive $1,000 plus the final contingent coupon if each underlying finishes at or above its Trigger Value; otherwise, repayment is reduced one-for-one with the decline in the lesser-performing underlying, potentially down to zero.
The preliminary materials illustrate a minimum Contingent Interest Rate of 12.50% per annum (about 1.04167% per month) and show that if the notes priced on the described date, their estimated value would be about $958.90 per $1,000 note, with a final estimated value not less than $900.00 per $1,000. The document highlights significant risks, including loss of principal, the possibility of no interest payments, credit risk of both JPMorgan Financial and JPMorgan Chase & Co., lack of liquidity, complex tax treatment, and exposure to equity, ETF tracking, currency, and gold and silver mining industry risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,130,000 of Buffered Digital Notes linked to Grade A copper, maturing February 8, 2027. The notes pay a fixed 12.25% return at maturity if copper’s final price is at or above the initial level, or down to a 10% buffer.
Below this buffer, investors lose 1% of principal for each additional 1% copper falls, up to a 90% loss of principal. The notes are unsecured, issued in $1,000 denominations, priced at $1,000 with an estimated value of $986.60, and do not pay periodic interest or provide direct ownership of copper.
JPMorgan Chase Financial Company LLC is issuing $5,728,000 of Auto Callable Contingent Interest Notes linked to Marvell Technology, Inc. stock, due January 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest coupon of $35 per $1,000 (14.00% per year, 3.50% per quarter) on each review date if Marvell’s share price is at least 45.00% of the strike value of $83.10, or $37.395. Missed coupons can be paid later if the barrier is met. The notes are automatically called, starting July 22, 2026, if the stock closes at or above the strike on specified review dates, returning $1,000 plus due coupons.
If the notes are not called and the final stock price is at or above the 45.00% trigger, investors receive principal plus the final and any unpaid coupons. If the final price is below the trigger, repayment is reduced one-for-one with the stock decline from the strike, and investors can lose most or all of their principal. The notes are unsecured, not FDIC-insured, have limited liquidity, an estimated value of $966.90 per $1,000 at pricing, and involve complex tax and market risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable GEARS linked to an equally weighted basket of four equity indices: the AEX® Index, KOSPI 200 Index, Swiss Market Index and FTSE® 100 Index.
The notes are issued at $10 per Security, in minimum investments of $1,000, with UBS receiving up to $0.25 per $10 in selling commissions and net proceeds to the issuer of $9.75 per $10. If, on the February 4, 2027 Observation Date, the Basket is at or above 100% of its Initial Basket Value, the notes are automatically called and pay a Call Price equal to principal plus a Call Return between 12.00% and 14.50% (for example, 12.00% would produce $11.20 per $10).
If the notes are not called and, on the Final Valuation Date in January 2031, the Basket Return is positive, investors receive $10 plus the Basket Return multiplied by an Upside Gearing of 1.50. If the Basket Return is zero or negative but the Final Basket Value is at or above the Downside Threshold of 75% of the Initial Basket Value, principal is repaid at $10. If the Final Basket Value is below the Downside Threshold, repayment is $10 plus $10 times the Basket Return, producing a loss proportional to the Basket’s decline and potentially a total loss of principal.
The notes pay no interest, provide no dividends from the underlying indices, are not bank deposits or FDIC insured, and are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The preliminary estimated value is about $9.425 per $10 (and will not be less than $9.10), reflecting structuring, selling and hedging costs. The issuer intends to treat the Securities as “open transactions” for U.S. federal income tax purposes, but alternative tax treatments—including contingent payment debt treatment—are possible, and investors are urged to review detailed tax discussions and risk factors in the related offering documents.