JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $499,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 28, 2031. The notes may be automatically called as early as January 27, 2027 if the Index closes at or above 95% of its initial level, paying back $1,000 plus a call premium that starts at 15.5% of principal and steps up to 77.5% by the final review date. If not called, investors are protected only against Index declines of up to 15%; beyond that, repayment at maturity is reduced dollar‑for‑dollar, with up to 85% of principal at risk. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which drag on performance, and the notes pay no interest or dividends and are subject to JPMorgan’s and its guarantor’s credit risk.
JPMorgan Chase Financial Company LLC is issuing $646,000 of auto callable contingent interest notes linked to three State Street SPDR ETFs covering regional banks, energy and utilities, guaranteed by JPMorgan Chase & Co. The notes offer a contingent interest rate of 11.45% per annum (0.95417% per month) when, on a Review Date, the price of one share of each ETF is at or above 75% of its Initial Value, called the Interest Barrier. Missed interest can be paid later if barriers are met on a future date.
The notes can be automatically called as early as July 23, 2026 if, on certain Review Dates, the price of each ETF is at or above its Initial Value, returning $1,000 per note plus any due interest. If the notes are not called and, at maturity in 2030, the worst‑performing ETF is at or above 60% of its Initial Value, investors receive full principal back plus any applicable interest. If the worst ETF finishes below 60%, repayment is reduced one‑for‑one with that loss, and investors can lose most or all of their principal.
The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They do not pay fixed interest or dividends, may pay no interest at all, are not listed on any exchange and may be illiquid. The price to public is $1,000 per note, including $7.50 in selling commissions, while the initial estimated value is $967.40 per $1,000 note, reflecting embedded costs and hedging.
JPMorgan Chase Financial Company LLC is issuing $1,015,000 of structured review notes linked separately to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as January 2027 if each index closes at or above its Call Value, paying $1,000 plus a call premium that starts at 14.00% of principal and can reach 42.00% on the final review date.
If the notes are not called and the final level of each index is at or above its Barrier Amount, set at 70.00% of its initial level, investors receive their principal back at maturity in January 2029. If any index finishes below its Barrier Amount, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose some or all of their principal.
The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value at pricing was $977.00 per $1,000 note, below the $1,000 price to the public, reflecting embedded fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC is issuing $516,000 of auto callable contingent interest notes linked to the Class C common stock of Dell Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 15.40% per annum contingent interest (about 1.28333% per month) only for Review Dates when Dell’s share price is at or above 60% of the Initial Value, and they may be automatically called beginning July 23, 2026 if the share price is at or above the Initial Value on specified Review Dates. If the notes are not called and Dell’s final share price is below a 50% Trigger Value, investors lose principal on a 1-for-1 basis with the stock decline and can lose all of their investment. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have a minimum denomination of $1,000, and were priced at $1,000 with an estimated value of $971.60 per note.
JPMorgan Chase Financial Company LLC is offering $2,777,000 of callable contingent interest notes linked to the Russell 2000 Index, the S&P 500 Index and the State Street Utilities Select Sector SPDR ETF, guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 9.00% per annum (0.75% per month) only for review dates when each underlying closes at or above 70% of its initial value.
The issuer may redeem the notes early on specified interest payment dates starting January 28, 2027, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If held to maturity and not redeemed, investors receive $1,000 plus the final contingent interest if every underlying finishes at or above its trigger value; otherwise, principal is reduced in proportion to the decline of the worst-performing underlying and can fall to zero.
The notes 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 $9.50 in fees and commissions, while the estimated value at pricing was $960.70, reflecting selling, structuring and hedging costs. The product involves significant market, sector, small-cap, liquidity, and tax risks, and pays no ordinary dividends from the underlyings.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $596,000 of callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing December 29, 2027.
The notes pay a contingent interest rate of 7.55% per annum (0.62917% monthly) only for review dates when the closing level of each index is at or above 65% of its initial value; if any index is below this barrier, no interest is paid for that period. Starting July 28, 2026, the issuer may redeem the notes early on certain interest payment dates, returning $1,000 per note plus any due interest.
If the notes are not redeemed and, on the final review date, any index ends below 65% of its initial value, principal is reduced in line with the decline of the worst-performing index, which can lead to a substantial or total loss of capital. The estimated value at pricing was $974 per $1,000 note, below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering $1,142,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 9.50% per annum contingent interest (0.79167% monthly) only if, on a Review Date, the Index closes at or above 70% of its Initial Value. Missed coupons can be paid later if the barrier is met.
The notes may be automatically called on certain Review Dates, starting January 25, 2027, if the Index is at or above its Initial Value, returning $1,000 per note plus due interest. If not called and at maturity the Index is below the 85% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15% buffer, up to an 85% loss.
The Index uses leveraged, volatility-targeted exposure to the Invesco QQQ, less a 6.0% per annum daily deduction and a notional financing cost, which create a performance drag. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and are not FDIC insured. The estimated value at pricing was $911.30 per $1,000 note, below the $1,000 issue price.
JPMorgan Chase Financial Company LLC is issuing $2,427,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called on scheduled Review Dates starting January 28, 2027 if the Index is at or above the Call Value, paying $1,000 plus a growing Call Premium Amount that reaches up to 91.25% of principal on the final Review Date.
If not called, principal is protected only down to a 15% Buffer Amount; if the Index falls by more than 15%, investors lose 1% of principal for each additional 1% decline, up to an 85% loss at maturity in 2031. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which can significantly drag performance. The notes pay no interest, provide no dividends, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the estimated value at pricing is $902.30.
JPMorgan Chase Financial Company LLC is offering $6,658,000 of callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon at a rate of 7.80% per annum for any monthly Review Date on which each index closes at or above 70% of its Initial Value, and may pay no interest at all if any index is below this barrier on all Review Dates. Unless called early on quarterly Optional Call Payment Dates (first eligible on April 28, 2026), the notes mature on October 28, 2027 with 20% downside protection; below that buffer, principal loss matches further index declines, up to an 80% loss.
The minimum denomination is $1,000. The price to public is $1,000 per note, including $11 in fees and commissions, with $989 in proceeds to the issuer and an estimated value of $977.60 per note. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC is offering unsecured Buffered Digital Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a fixed return of at least 25.25% at maturity if the Index’s final level is at or above its initial level, or down by up to 25%.
If the Index falls by more than 25%, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 75% of principal. The notes pay no interest, provide no dividends from S&P 500® companies, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000 per note.
If priced on the indicated date, the estimated value would be approximately $974.40 per $1,000 note, and at issuance it will not be less than $900.00 per $1,000, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The notes will not be listed on an exchange, so liquidity and any secondary market price will depend on J.P. Morgan Securities LLC and market conditions.