JPMorgan Chase Financial Company LLC is offering 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 can pay contingent interest on each review date if the Index closes at or above 50% of its initial value, and may be automatically called starting July 29, 2026 if the Index is at or above its initial value on specified review dates.
If the notes are not called and the final Index level is below 50% of the initial value, investors lose 1% of principal for each 1% Index decline, potentially up to a total loss. The Index embeds a 6.0% per annum daily deduction, which drags performance and may cause the Index to lag similar strategies without this charge. The estimated value is illustrated at about $942.50 per $1,000 note, with a minimum of $910.00, reflecting selling costs and hedging. The notes are unsecured, not FDIC insured, may be illiquid, and involve issuer and guarantor credit risk, leverage and complex tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the least performing of the Russell 2000 Index, the SPDR S&P Regional Banking ETF and the iShares Silver Trust, maturing on February 3, 2031.
The notes pay a monthly contingent coupon of at least 16.30% per annum (at least $13.5833 per $1,000) only when the closing value of each underlying on a review date is at or above 70% of its initial value
If the notes are not called and any underlying finishes below 60% of its initial value at maturity, investors lose 1% of principal for each 1% decline in the worst performer, potentially losing their entire investment. The preliminary estimated value is about $869.70 per $1,000 note, reflecting structuring and hedging costs, and the notes carry the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,017,000 of unsecured Structured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing January 27, 2031. The notes can be called automatically as early as January 26, 2027 if the Index is at or above the Call Value, paying $1,000 plus a growing call premium of up to 125% of principal by the final Review Date.
If not called and the Final Index Value is at or above the Barrier Amount of 50% of the Initial Value (Initial Value 3,886.58), investors receive principal back; if it is below, repayment falls one-for-one with the Index and investors can lose most or all principal. The notes pay no interest and provide no dividend exposure.
The underlying Index uses leveraged exposure to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags performance relative to a similar index without this charge. Price to public is $1,000 per note, including $8.50 in selling commissions, and the issuer’s estimated value is $930.10 per $1,000 at pricing, reflecting structuring and hedging costs. The notes are not insured, are subject to JPMorgan credit risk, and are not exchange listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due January 30, 2031, linked to the MerQube US Large-Cap Vol Advantage Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a quarterly Contingent Interest Payment when the Index closing level on a Review Date is at or above 65% of the Initial Value, with a Contingent Interest Rate of at least 16.00% per annum. The notes will be automatically called, with payment of principal plus the applicable contingent interest, if on any Review Date other than the first and final the Index closes at or above its Initial Value, beginning July 27, 2026.
If the notes are not called and the Final Value is below the 60% Trigger Value, investors lose 1% of principal for every 1% Index decline and can lose their entire investment; even if principal is repaid, investors may receive few or no interest payments. The underlying Index employs leverage up to 500%, targets 35% implied volatility using SPDR S&P 500 ETF implied volatility, and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The notes are unsecured, subject to the credit risk of both issuers, are not bank deposits or FDIC insured, will not be listed on an exchange, and have an estimated value below the $1,000 price to public due to embedded costs and internal funding assumptions.
JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the lesser performance of the Russell 2000® and S&P 500® Indices, maturing in August 2027. Investors get 1x upside on the weaker index, capped at a maximum return of 16.30%.
The notes provide a 30% downside buffer; if the lesser-performing index falls more than 30%, principal is reduced 1% for each additional 1% decline, up to a 70% loss of principal. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., with significant credit, liquidity, market and tax risks highlighted.
JPMorgan Chase Financial Company LLC plans to issue callable contingent interest notes due December 30, 2027, linked individually to the Russell 2000 Index, the S&P 500 Index and the State Street Technology Select Sector SPDR ETF.
The notes pay a monthly Contingent Interest Payment only if the closing value of each underlying on a review date is at least 70% of its initial value, and JPMorgan may redeem the notes early on specified interest payment dates. If the notes are not redeemed and the least performing underlying finishes below its 70% trigger value, investors lose 1% of principal for every 1% decline and can lose their entire investment. A hypothetical contingent interest rate of 11.75% per annum (0.97917% per month) is illustrated, and the estimated value is given as approximately $976.60 per $1,000 note, with a minimum of $900. Payments depend on the credit of JPMorgan Financial and its guarantor, JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to price on or about February 6, 2026, settle on or about February 11, 2026 and mature on March 11, 2027.
The product provides unleveraged exposure to index appreciation up to a Maximum Upside Return of at least 18.90%, and can also pay a positive return if the least performing index declines by up to the 15.00% Buffer Amount, using the absolute value of that loss. If any index falls by more than 15.00%, investors lose 1% of principal for each additional 1% decline, with losses of up to 85.00% of principal at maturity.
The notes pay no interest, do not provide dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial and are subject to the credit risk of both the issuer and guarantor. They will not be listed, and secondary market liquidity may be limited. Selling commissions may be up to $7.25 per $1,000, and the illustrative estimated value is approximately $987.00 per $1,000, with a minimum estimated value at issuance of $900.00 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common shares of Wheaton Precious Metals Corp., maturing on February 1, 2029. The notes can pay a contingent interest rate of at least 11.00% per annum, or at least $27.50 per quarter per $1,000, but only if Wheaton’s share price on a review date is at or above 50.00% of the initial value.
The notes may be automatically called as early as July 28, 2026 if Wheaton’s share price is at or above the initial value on certain review dates, returning principal plus the applicable interest for that period. If the notes are not called and Wheaton’s final share price is below the 50.00% trigger, investors will lose principal in line with the stock’s decline and can lose their entire investment. The notes are unsecured, not bank deposits, and 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 issuing $13,103,000 of Capped Buffered Enhanced Participation Basket-Linked Notes due July 23, 2027. These $1,000-denomination notes pay no interest and repay at maturity based on an unequally weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).
If the basket rises, investors receive 1.5x the basket gain, but returns are capped at a maximum payment of $1,330 per $1,000 note. If the basket falls up to 7.5%, principal is protected; below that buffer, losses are magnified at about 1.0811% of principal for every 1% decline beyond 7.5%, and investors can lose their entire investment.
The notes are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may have limited liquidity. The bank estimates the initial economic value at $984.50 per $1,000 note, below the 100% issue price, reflecting selling commissions, hedging costs and structuring margin. The tax treatment is uncertain, with counsel viewing them as prepaid “open transactions,” and future IRS guidance could adversely affect investors.
JPMorgan Chase Financial Company LLC is issuing $1,655,000 of Review Notes linked to the least performing of the EURO STOXX 50 Index, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF, guaranteed by JPMorgan Chase & Co., and maturing in January 2031.
The notes may be automatically called on scheduled review dates starting in January 2027 if each underlying is at or above its call value, paying back principal plus a fixed call premium that steps up from 9.50% to 47.50% of face value. If the notes are not called and any underlying finishes below its 70% barrier, repayment at maturity is reduced in line with the worst performer, and investors can lose most or all of their principal.
The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both issuers. The price to the public is $1,000 per note, including selling commissions of $40.75, while the issuer’s estimated value is $930 per $1,000 note, reflecting embedded costs and hedging economics.