JPMorgan Chase Financial Company LLC is offering unsecured structured notes linked to the lesser performer of the S&P 500® Futures Excess Return Index and the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about January 30, 2026 and mature on February 4, 2031.
At maturity, if both indices finish above their initial levels, investors receive the $1,000 principal plus an Additional Amount equal to $1,000 × the return of the lesser-performing index × a participation rate of at least 143.35%. If either index is at or below its initial level, the payoff is $1,000 plus $1,000 times the lesser-performing index return, but not less than $950 per $1,000 note, so investors may lose up to 5% of principal.
The notes pay no interest, do not provide dividends on underlying equities, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on any exchange, and secondary market prices are expected to be below the original issue price. If priced today, the estimated value would be about $976.10 per $1,000 note and will not be less than $900.00 when set.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,090,000 of Callable Contingent Interest Notes linked to the Russell 2000, Nasdaq‑100 and EURO STOXX 50 indices, maturing on January 25, 2029. The notes pay a 12.50% per annum contingent coupon (3.125% per quarter) of $31.25 per $1,000 only if, on every day in a quarter, each index stays at or above 70% of its strike level.
The issuer can redeem the notes early on any interest payment date from April 24, 2026, paying $1,000 plus any due contingent interest. If the notes are not redeemed and any index finishes below 60% of its strike at maturity, investors lose 1% of principal for every 1% decline in the worst‑performing index, and can lose their entire investment. The notes are unsecured, not listed on an exchange, and their initial estimated value is $975.80 per $1,000, below the $1,000 issue price.
JPMorgan Chase Financial Company LLC is offering $13,000,000 of auto callable contingent interest notes linked to the Russell 2000, S&P 500 and EURO STOXX 50 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.15% per annum (2.7875% per quarter) only if, on a Review Date, each index closes at or above 70% of its Strike Value. If, on any non-final Review Date, each index is at or above its Strike Value, the notes are automatically called and repay $1,000 per note plus that quarter’s interest.
If the notes are not called, principal is protected only if, on the final Review Date, each index is at or above 65% of its Strike Value. If any index finishes below this Trigger Value, repayment is reduced 1% for each 1% decline of the least performing index, potentially down to zero. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and may be illiquid. The estimated value at pricing was $986.80 per $1,000 note, below the issue price, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $921,000 of Auto Callable Contingent Interest Notes linked to the Russell 2000 Index, the SPDR S&P Regional Banking ETF and the iShares Silver Trust, maturing on January 27, 2031.
The notes pay a 15.00% per annum contingent coupon (1.25% per month, or $12.50 per $1,000) only when, on a Review Date, each underlying is at or above 70% of its initial value; otherwise no interest is paid for that period. Starting January 22, 2027, the notes are automatically called if, on specified Review Dates, each underlying is at or above its initial value, returning $1,000 plus the applicable coupon.
If the notes are not called and, on the final Review Date, any underlying is below 60% of its initial value, repayment of principal is reduced one-for-one with the decline in the worst performer, and investors can lose most or all of their investment. The notes are unsecured, unsubordinated obligations, priced at $1,000 per note with selling commissions of $41.25 and an estimated value of $858.30 per $1,000 at issuance.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $500,000 of callable fixed rate notes due January 25, 2030. The notes pay interest at a fixed 4.00% per annum, with interest paid annually on January 26, beginning in 2027 and continuing to maturity, unless the notes are called earlier.
Starting July 26, 2026, and on the 26th of January, April, July and October through October 26, 2029, the issuer may redeem all of the notes at par plus accrued interest. At maturity, if not previously redeemed, investors receive the full principal plus any accrued interest. The notes are issued in $1,000 denominations, with a price to the public of $1,000 per note and proceeds to the issuer of $991 per note.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Alphabet Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay a contingent interest each Review Date if Alphabet’s share price is at or above an Interest Barrier set at 65.00% of the Initial Value, with missed interest potentially paid later if conditions are met. The notes are automatically called, and principal repaid, if Alphabet’s share price on any non-final Review Date is at or above the Initial Value. If the notes are not called and Alphabet’s final share price is below a Trigger Value equal to 65.00% of the Initial Value, investors lose principal in line with the stock decline and could lose their entire investment. The estimated value, if priced today, would be approximately $975.80 per $1,000 note, reflecting embedded selling, structuring and hedging costs, and the notes are unsecured obligations subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk and limited liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered return enhanced notes linked to Eli Lilly common stock. The notes have a $1,000 price per note, total offering size of $1,243,000, and an estimated value of $976.60 per $1,000 at pricing.
The notes can be automatically called on February 3, 2027 if Eli Lilly’s share price is at or above the stock strike price of $1,078.52, paying back principal plus a 24.48% call premium. If not called, investors get uncapped upside at maturity on January 26, 2028 of 1.25x any positive stock return, but only principal back if the final price is down by up to 30%. Below that 30% contingent buffer, losses are 1:1 with the stock and investors can lose up to all principal. The notes pay no interest or dividends, are unsecured, and rely on the credit of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing in January 2031. These unsecured notes may pay a contingent interest rate of at least 8.00% per annum, but only for review dates when the Index closes at or above an Interest Barrier of 55% of the Initial Value.
The notes can be automatically called as early as January 28, 2027 if, on certain review dates, the Index is at or above a specified Call Value. If called, investors receive principal plus the applicable contingent interest and no further payments. If the notes are not called and the Index closes below the Trigger Value of 55% of the Initial Value on the final review date, repayment of principal is reduced one-for-one with the Index decline, potentially to zero.
The underlying Index dynamically allocates between 0% and 500% exposure to E-mini S&P 500 futures, targets 35% implied volatility, and is subject to a 6.0% per annum daily deduction, which drags performance and can cause the Index to fall even when futures are flat or modestly positive. The preliminary estimated value is approximately $900.50 per $1,000 note, reflecting structuring and hedging costs, and secondary market prices are expected to be below issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Callable Contingent Interest Notes linked to the worst performer of the S&P 500 Index, the SPDR S&P Regional Banking ETF and the VanEck Semiconductor ETF, maturing on January 4, 2028.
The notes pay a monthly contingent interest of at least 14.00% per annum (1.16667% per month) per $1,000 only if on a Review Date each underlying is at or above 60.00% of its Initial Value; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified Interest Payment Dates starting August 4, 2026, paying $1,000 plus any due contingent interest.
At maturity, if not called and each final underlying value is at or above its 60.00% Trigger Value, investors receive $1,000 plus the final contingent interest. If any underlying finishes below its Trigger Value, the payoff is reduced one-for-one with the worst underlying’s decline, so investors can lose more than 40% and up to all principal. The preliminary estimated value is about $973.70 per $1,000 note and will not be less than $900.00, reflecting structuring, selling and hedging costs. The notes are not FDIC insured, pay no dividends and are not exchange-listed.
JPMorgan Chase Financial Company LLC is issuing $3,114,000 of Auto Callable Buffered Return Enhanced Notes linked to the Global X Silver Miners ETF (SIL), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are priced at $1,000 each, with an estimated value of $963.30, and are expected to settle on or about January 27, 2026, maturing on January 27, 2028.
The notes may be automatically called on January 28, 2027 if the ETF’s closing price is at or above the Call Value, paying $1,000 plus a fixed call premium of $235 per note, and then terminating. If not called and the ETF has risen by maturity, investors receive $1,000 plus 1.50 times the positive ETF return. If the ETF is flat or down by up to the 20.00% buffer, principal is returned at maturity.
If the ETF declines by more than 20.00% at maturity, investors lose 1% of principal for each additional 1% drop, up to a maximum loss of 80.00% of principal. The notes pay no interest, do not provide ETF dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, and may have limited or no secondary market liquidity.