JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable GEARS linked to the common stock of Capital One Financial Corporation. Each Security has a $10 principal amount and an expected term of about three years, unless automatically called.
If on the February 3, 2027 Observation Date the Capital One share price is at or above 100% of its Initial Value, the notes are automatically called and pay a fixed Call Price of $12.00 per $10, a 20.00% return, with no further upside.
If the notes are not called and the stock finishes above its Initial Value at maturity, investors receive $10 plus the stock’s positive return multiplied by an Upside Gearing between 1.35 and 1.55. If the final stock price is at or above 75% of the Initial Value but not higher than the Initial Value, investors receive their $10 principal. If it falls below 75%, repayment is $10 plus the full negative Underlying Return, up to a total loss of principal.
The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $10.00 per note, including up to $0.25 in selling commissions, and the estimated value would be about $9.63 per $10 today and will not be less than $9.30 per $10 when finalized. The Securities will not be listed on any exchange.
JPMorgan Chase Financial Company LLC is offering $357,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due January 28, 2031. The notes pay a Contingent Interest Payment at a rate of 11.50% per annum (0.95833% per month) for each Review Date on which the Index closes at or above 70.00% of the Initial Value, the Interest Barrier.
The notes may be automatically called as early as January 25, 2027 if on a specified Review Date the Index is at or above the Initial Value, in which case investors receive $1,000 per note plus the applicable Contingent Interest Payment and no further payments. If the notes are not called and the Final Value is below the 70.00% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 30.00% Buffer Amount, up to a 70.00% loss. The Index includes a 6.0% per annum daily deduction and a notional financing cost that drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.; the estimated value at pricing was $942.50 per $1,000 note, below the $1,000 price to public.
JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the common stock of Broadcom Inc. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., so payments depend on both entities’ credit.
If Broadcom’s share price on the Review Date is at or above the Stock Strike Price of $320.05, the notes are automatically called and pay $1,000 plus a call premium of at least 34.64% per note. If not called, at maturity investors get leveraged upside of at least 1.50 times any positive stock return, full principal back if Broadcom is down by up to 15%, and a 1.17647x leveraged loss for declines beyond that buffer, potentially resulting in a full loss of principal. The estimated value is initially about $982.30 per $1,000 note and will not be less than $970.00 when finalized, and the notes are not listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,420,000 of Trigger Autocallable Contingent Yield Notes linked to MercadoLibre common stock, maturing on January 26, 2027.
The Notes pay a 10.90% per annum contingent coupon (about 2.725% quarterly) only if MercadoLibre’s share price on an Observation Date is at or above the Coupon Barrier of $1,234.66, equal to 60% of the Initial Value of $2,057.77. The Notes are automatically called if the share price is at or above the Initial Value on any Observation Date, returning principal plus that quarter’s coupon.
If not called, and the Final Value is at or above the Downside Threshold (also $1,234.66), investors receive principal plus the final coupon. If the Final Value is below the Downside Threshold, repayment is reduced in line with MercadoLibre’s decline, and investors can lose most or all of their principal. Payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,800,000 of Uncapped Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on January 25, 2030.
The notes provide an uncapped leveraged upside: if each index finishes above its initial level, investors receive principal plus 1.5005× the gain of the worst-performing index. A 20% buffer protects against moderate declines; if any index falls more than 20%, investors lose 1% of principal for each 1% drop beyond that, up to an 80% loss of principal.
The notes pay no interest and do not provide dividends from the underlying stocks. They are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $7.50 in selling commissions, for issuer proceeds of $992.50 per note. The issuer’s estimated value is $978.70 per $1,000 note, reflecting embedded costs, and the notes will not be listed on an exchange, so liquidity and secondary market prices may be limited.
JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index, maturing on or about January 31, 2029. The notes have a $10 denomination and pay a quarterly contingent coupon only if both indices close at or above their coupon barriers, initially set at 70% of each index’s initial level. The expected contingent coupon rate is between 10.00% and 10.50% per annum, with automatic early call possible quarterly after six months if both indices are at or above their initial levels.
If the notes are not called and each index finishes at or above its downside threshold (also 70% of initial), investors receive full principal plus the final contingent coupon. If either index finishes below its downside threshold, repayment is reduced in proportion to the lesser-performing index’s decline, and investors can lose most or all of their principal. The estimated value is illustrated at $9.816 per $10 if priced at a 10.00% coupon, and will not be less than $9.50 per $10 when finalized. All payments depend on the creditworthiness of JPMorgan Financial and its guarantor, JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $1,814,000 of market-linked securities tied to the lowest performer of the Russell 2000® Index and the EURO STOXX 50® Index, maturing January 25, 2029. These unsecured notes, guaranteed by JPMorgan Chase & Co., pay no interest and may be automatically called on January 27, 2027 if the lowest performing index is at or above its starting level, returning $1,182.00 per $1,000 security (an 18.20% premium).
If not called, at maturity investors receive enhanced upside of 150.00% of any gain in the lowest index, or a positive “absolute return” on index declines down to 75% of the starting level, capped at a 25% gain. If that index finishes below 75% of its starting level, investors are fully exposed to losses and can lose more than 25%, up to all principal. The issue price is $1,000 per security, with selling commissions of $25.75 and an estimated value of $955.80 per security.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,000,000 of Medium-Term Notes, Series A, “Digital Equity Notes due 2027” linked to the S&P 500® Index. Each note has a $1,000 principal amount, bears no interest and matures on February 24, 2027.
At maturity, if the S&P 500 final level is at least 90% of its January 20, 2026 initial level of 6,796.86, investors receive a fixed threshold settlement amount of $1,086.50 per $1,000 note (a capped payoff equal to 108.65% of principal). If the index falls more than 10%, principal is exposed on a leveraged basis: for every 1% drop beyond the 10% buffer, the loss is about 1.1111%, up to total loss. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and are expected to have an initial estimated value of $988.10 per $1,000, reflecting selling commissions of 1.09% and hedging-related costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering long-dated Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury (CMT) rate and maturing on January 29, 2046.
The notes pay monthly interest that depends on how often, within each interest period, the 10-Year CMT rate is at or below 4.85%. The interest factor steps up over time: 10.00% per annum from January 29, 2026 to January 29, 2028, 12.00% per annum from January 29, 2028 to January 29, 2030, and 14.00% per annum from January 29, 2030 to January 29, 2046. The actual interest rate for a period equals the applicable interest factor multiplied by the proportion of days when the accrual condition is met, capped at the same percentage and floored at 0.00%.
The issuer may redeem the notes monthly, starting January 29, 2028, at 100% of principal plus accrued interest. Estimated value, if priced on the indicated date, would be about $918.80 per $1,000 note, with selling commissions of about $50.00 per $1,000. Net proceeds are for general corporate purposes and for hedging the issuer’s obligations. The notes are unsecured, not bank deposits, and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $600,000 of Auto Callable Contingent Interest Notes linked to the least-performing of the S&P 500 Index, the Nasdaq-100 Index and the VanEck Semiconductor ETF, due January 27, 2031. The notes pay a quarterly contingent interest rate of 8.45% per annum ($21.125 per $1,000) only if on a Review Date each underlying is at or above 70% of its initial value; otherwise no interest is paid for that period.
Starting with the fourth Review Date, the notes are automatically called if each underlying is at or above its initial value, returning $1,000 plus the applicable interest, and ending the investment early. If the notes are not called and, at maturity, any underlying is below 60% of its initial value, principal is reduced one-for-one with the decline of the worst performer, and investors can lose more than 40% and up to all of their principal.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, with selling fees of $41.25 per note and net proceeds of $958.75 per note to the issuer. The estimated value at pricing was $912.50 per $1,000, reflecting embedded costs, and the notes will not be listed on an exchange, so liquidity may be limited.