JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Netflix, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a contingent interest rate of at least 12.50% per annum (3.125% per quarter) when, on a Review Date, Netflix’s closing share price is at or above 60.00% of its Initial Value, which serves as both the interest barrier and trigger value.
The notes can be automatically called on specified Review Dates starting August 3, 2026 if Netflix’s closing price is at or above the Initial Value, returning $1,000 principal plus the applicable contingent interest for that period. If not called and the final share price on the February 2, 2029 Review Date is at or above the 60.00% trigger, investors receive $1,000 plus the final contingent interest. If the final price is below the trigger, repayment is reduced in line with the stock’s loss, and investors can lose more than 40.00% and up to all of their principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., and pay no fixed interest or Netflix dividends. Selling commissions will not exceed $3.00 per $1,000 note. If priced on the date shown in the document, the estimated value would be approximately $970.00 per $1,000, and at pricing it will not be less than $950.00 per $1,000, reflecting structuring, hedging costs and dealer compensation.
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 Meta Platforms, Inc. The notes pay a quarterly Contingent Interest Payment of at least $34.125 per $1,000 note (at least 13.65% per annum) for each Review Date on which Meta’s share price is at or above 60% of its Initial Value. If Meta’s share price on a non-initial, non-final Review Date is at or above the Initial Value, the notes are automatically called and repay $1,000 plus that period’s contingent interest. If the notes are not called and Meta’s final price is below the 60% Trigger Value, repayment at maturity is $1,000 plus $1,000 times the stock return, so investors can lose more than 40% and up to all principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $44,719,000 of Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the VanEck Gold Miners ETF (GDX). The notes are scheduled to settle on or about January 27, 2026 and mature on January 12, 2028, with a potential automatic call on February 3, 2027.
The notes pay no interest and are designed to provide either an early call payment of $1,115 per $1,000 note if the ETF is at or above the Call Value on the Review Date, or at maturity a leveraged upside of 1.50x any positive ETF return and a dual-directional payoff: positive returns if the ETF is flat or down by up to the 25% buffer, and losses beyond that point, up to 75% of principal. The Strike Value is $101.29 per share of the ETF. Credit risk of both JPMorgan Financial and JPMorgan Chase & Co. applies, the notes are unsecured and unsubordinated, and they will not be listed on an exchange.
The price to public is $1,000 per note, including $4 in selling commissions, while the estimated value at pricing was $977.90, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Netflix, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent quarterly coupon of at least 12.50% per annum (at least 3.125% per quarter) for each Review Date on which Netflix’s closing share price is at least 60.00% of the Initial Value, called the Interest Barrier.
The notes can be automatically called on any Review Date from August 3, 2026 (except the first and final Review Dates) if Netflix’s share price is at or above the Initial Value, returning $1,000 per note plus the applicable contingent interest, with no further payments. At maturity on February 7, 2029, if the notes have not been called and Netflix’s Final Value is at least 60.00% of the Initial Value, investors receive $1,000 plus the final contingent interest. If the Final Value is below 60.00%, repayment is reduced 1-for-1 with the stock decline, so investors can lose more than 40% and up to all principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The preliminary estimated value is approximately $970.00 per $1,000 note and will not be less than $950.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are not listed, may be illiquid, pay no fixed interest or dividends, and carry complex tax and market risks highlighted in extensive risk disclosures.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Income Auto-Callable Securities due January 31, 2028 linked to the common stock of Oracle Corporation.
Each $1,000 security can pay a quarterly contingent coupon of at least $34.625 (3.4625% of principal) if on a determination date Oracle’s closing price is at or above the downside threshold of $88.58, set at 50% of the initial stock price of $177.16 as of January 23, 2026. Missed coupons do not accrue interest but may be paid later if conditions are met.
If on any non-initial, non-final determination date Oracle closes at or above the initial stock price, the note is automatically redeemed for $1,000 plus the due coupon and any unpaid prior coupons. If the note is outstanding to maturity and Oracle finishes at or above the downside threshold, investors receive $1,000 plus the final contingent coupon and any unpaid coupons. If Oracle finishes below the downside threshold, repayment is reduced 1-for-1 with the stock decline, to less than 50% of principal and potentially zero, and investors do not participate in any stock upside. The notes will not be listed, include selling fees of up to $20 per $1,000, and have an estimated value of about $950.70 per $1,000 (not less than $930.00) at pricing.
JPMorgan Chase Financial Company LLC is offering $2,584,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a contingent interest rate of 17.75% per annum, paid monthly when the Index closes at or above 70% of its Initial Value. The notes may be automatically called quarterly starting July 23, 2026 if the Index is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments.
If the notes are not called and on the final review date the Index is at or above 50% of the Initial Value, investors receive back $1,000 per note plus any final contingent interest. If the Index is below 50%, repayment is reduced one-for-one with the Index decline, and investors can lose a significant portion or all of their principal. The Index itself uses leveraged exposure (up to 500%) to E-mini S&P 500 futures, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an original issue price of $1,000 and an estimated value of $924 per note, and are not listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a minimum denomination of $1,000 and are expected to be issued around January 30, 2026, maturing on December 21, 2028. They pay a contingent interest rate of at least 12.00% per annum, or at least 3.00% per quarter, but only for quarters in which, on every day, each underlying stays at or above its interest barrier set at 70% of its strike value.
If the notes are not called early and, on the final review date, any underlying finishes below its trigger value at 60% of its strike, principal is reduced 1% for each 1% decline of the least performing underlying, with the possibility of losing the entire $1,000. JPMorgan may redeem the notes early on any interest payment date from March 19, 2026, paying $1,000 plus any due contingent interest. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and they do not pay fixed interest or any dividends from the underlyings.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes tied to the lowest performer of the Russell 2000 Index and the EURO STOXX 50 Index, maturing February 2, 2029. Each security has a $1,000 principal amount and pays no interest.
The notes may be automatically called on February 4, 2027 if the lowest performing index is at or above its starting level, paying at least $1,228.50 per $1,000 (a minimum 22.85% call premium). If not called, at maturity investors receive: leveraged upside of 150% of any gain in the worst index; full principal back if the worst index is at or above 75% of its starting level; or one-for-one downside if it finishes below 75%, which can mean losing more than 25% and up to all principal.
The securities are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have no exchange listing and are intended to be held to maturity. The issuer estimates the current value per security would be about $958.90, with a final estimated value not less than $920.00, reflecting embedded selling commissions and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Enhanced Participation Equity Notes due January 14, 2028 linked to the S&P 500® Index. The notes pay no interest and are unsecured obligations.
At maturity, for each $1,000 note you receive the principal plus 3x any S&P 500 gain, but only up to a maximum settlement amount expected to be between $1,226.20 and $1,265.80. If the index is flat you receive $1,000; if it falls, your loss matches the index loss one-for-one, down to a total loss of principal. The cap corresponds to an expected S&P 500 level of about 107.54%–108.86% of the initial level.
The estimated value at pricing is expected between $976.30 and $986.30 per $1,000, reflecting structuring and hedging costs. The notes are not listed, may have limited liquidity, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $607,000 of Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 27, 2031. The notes offer 1.97× leveraged upside at maturity if the index finishes above its initial level of 561.57.
Investors receive full principal back only if the final index level is at or above 70% of the initial level; below that barrier, losses match the index decline and can reach a total loss of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and are not bank deposits or FDIC insured. The price to the public is $1,000 per note, with an estimated value of $957.30 after selling commissions and hedging and structuring costs.