JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $5,020,000 of Auto Callable Dual Directional Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000, maturing on January 25, 2029.
The notes may be automatically called on January 27, 2027 if each index is at or above 100% of its initial level, paying $1,178.50 per $1,000 note (principal plus a $178.50 call premium) and then terminating. If not called and each final index level is above its initial level, investors receive at maturity $1,000 plus 1.50 times the gain of the worst-performing index.
If any index finishes at or below its initial level but all remain at or above 70% of initial, the maturity payment is $1,000 plus the absolute percentage move of the worst index, capped at a 30% gain ($1,300 per $1,000 note). If any index ends below 70% of its initial level, repayment of principal falls one-for-one with the worst index’s loss, and investors can lose most or all of their investment.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange and may have limited liquidity. The price to public is $1,000 per note, including $9 in selling commissions, while the estimated value at pricing was $974.80 per $1,000.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes linked separately to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully guaranteed by JPMorgan Chase & Co. The notes run to January 4, 2028, with minimum denominations of $1,000, and can be redeemed early at the issuer’s option on specified interest payment dates starting May 5, 2026.
Holders receive a contingent monthly interest payment only when the closing level of each index on a review date is at least 70% of its initial value; otherwise no interest is paid for that period. If the notes are not called and any index finishes below 70% of its initial value at maturity, repayment of principal is reduced one-for-one with the decline of the worst-performing index, up to a total loss. A hypothetical contingent interest rate of 10.70% per year is illustrated, and the estimated value is shown at approximately $976 per $1,000 note, reflecting embedded costs and hedging.
JPMorgan Chase Financial Company LLC is offering $854,000 of auto callable buffered equity notes linked to the S&P 500, Russell 2000 and Nasdaq-100, due January 24, 2031, fully guaranteed by JPMorgan Chase & Co. The notes may be automatically called on annual review dates starting January 22, 2027 if each index is at or above its initial level, paying $1,000 plus an 8%–32% call premium per $1,000 note. If held to maturity and all indices are above their initial levels, investors receive uncapped exposure to the worst-performing index. A 25% buffer protects principal against moderate declines, but if any index falls more than 25%, principal is reduced one-for-one, up to a 75% loss. The notes pay no interest or dividends, are unsecured, and priced at $1,000 with a $40 selling commission and an estimated value of $940.70 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering $808,000 of auto callable contingent interest notes linked to the worst performer of the Nasdaq-100® Technology Sector, the SPDR® S&P® Regional Banking ETF and the Consumer Discretionary Select Sector SPDR® ETF, fully guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon at an annual rate of 8.75% (0.72917% per month) only when, on a review date, each underlying is at or above 70% of its initial value. Missed coupons can be paid later if the condition is met. From July 21, 2026 onward, the notes are automatically called if each underlying is at or above its initial value, returning $1,000 per note plus due coupons.
If not called, and on the final review date any underlying is below its 60% trigger value, repayment is reduced one-for-one with the decline of the worst underlying, up to total loss of principal. The estimated value is $945.80 per $1,000 note, reflecting fees and hedging costs; the notes are unsecured, not FDIC insured, and may be illiquid.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on February 4, 2031, with potential automatic calls starting on February 3, 2027.
The notes can be automatically called on scheduled Review Dates if the Index is at or above the Call Value, paying back principal plus a Call Premium Amount of at least 23%–115% of principal, depending on the call date. If held to maturity and not called, a 15% buffer protects against moderate Index declines, but investors can lose up to 85% of principal if losses exceed that buffer.
The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund exposure, which drag on performance and magnify downside, especially when combined with leverage up to 500%. The preliminary estimated value is about $909.10 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing. The notes pay no interest, are not listed, and expose holders to the credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC is offering auto callable yield notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), guaranteed by JPMorgan Chase & Co. The notes target a higher yield than conventional debt, paying at least 11.35% per annum, or at least 2.8375% per quarter, as long as they are not automatically called.
The notes may be automatically called on quarterly review dates starting April 22, 2026 if AMD’s closing price is at or above the Strike Value of $253.73. If called, investors receive $1,000 per note plus the applicable interest payment and no further payments.
If not called, and AMD’s final price on the last review date is at or above the Trigger Value of $126.865 (50% of the Strike Value), investors receive $1,000 plus the final interest payment. If the final price is below the Trigger Value, repayment of principal is reduced one-for-one with AMD’s decline from the Strike Value, leading to losses greater than 50% and potentially a total loss of principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. They will not be listed on an exchange, may be hard to sell, and have an estimated value initially below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering unsecured, auto-callable review notes linked to the MerQube US Tech+ Vol Advantage Index, guaranteed by JPMorgan Chase & Co., maturing on February 4, 2031, in minimum denominations of $1,000.
The notes can be automatically called as early as February 3, 2027 if the Index is at or above the Call Value, paying $1,000 plus a call premium starting at 18.50% of principal and rising up to 92.50% on later Review Dates.
If not called, principal is protected only by a 15.00% buffer; if the Index falls more than this, holders lose 1% of principal for each 1% decline beyond the buffer, up to an 85.00% loss at maturity. The Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance.
The notes pay no interest or dividends, are not bank deposits or FDIC insured, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. If priced on the indicated date, the estimated value would be about $905.10 per $1,000, and will not be less than $900.00 per $1,000 when set, reflecting structuring, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the lesser performing of Netflix and Disney common stock, maturing in January 2029 and fully guaranteed by JPMorgan Chase & Co.
Investors receive contingent quarterly interest only if each stock stays at or above 50% of its strike value; missed coupons can be paid later if conditions are met. The notes auto-call early if both stocks are at or above their strike values on a review date, returning principal plus applicable interest. If held to maturity without auto-call and either stock finishes below its trigger (also 50% of strike), repayment is reduced in line with the loss on the weaker stock, and principal could be fully lost. The minimum denomination is $1,000, the contingent interest rate will be at least 10.00% per year, and an indicative estimated value is about $967.40 per $1,000 note, not less than $940.00 when finalized. The notes are unsecured, subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, pay no dividends, are not exchange-listed and may have limited liquidity.
JPMorgan Chase Financial Company LLC is offering auto callable yield notes linked to the lesser-performing shares of Palantir Technologies Inc. Class A and Apple Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay interest at 15.90% per annum, credited as 1.325% per month, on minimum denominations of $1,000.
The notes may be automatically called if, on any non-final review date, the closing price of one share of each reference stock is at or above its Initial Value, returning $1,000 plus the applicable interest payment. If not called and, on the final review date, the Final Value of each stock is at or above 50.00% of its Initial Value (the Trigger Value), investors receive $1,000 plus the final interest payment. If either stock finishes below its Trigger Value, maturity payment is reduced by the Lesser Performing Stock Return, and investors can lose more than half or all of their principal.
The total offering size is $1,348,000, priced at $1,000 per note, with selling commissions of $9 per $1,000 and proceeds to the issuer of $991 per note. The estimated value was $982.00 per $1,000 note when terms were set. The notes are unsecured, not bank deposits, not FDIC-insured, and their value and payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as market performance and limited liquidity.
JPMorgan Financial is offering auto callable contingent interest notes due February 1, 2029, fully guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® Utilities Select Sector SPDR® ETF, not to a basket.
Investors may receive monthly contingent interest at a rate of at least 9.20% per annum if, on a Review Date, the closing value of each underlying is at or above 70% of its Initial Value. Starting with the sixth Review Date, the notes are automatically called if each underlying closes at or above its Initial Value, paying back $1,000 per note plus that period’s interest.
If the notes are not called and, on the final Review Date, the worst-performing underlying is at or above its 70% Trigger Value, investors receive full principal plus the final contingent interest. If the worst-performing underlying finishes below its Trigger Value, repayment is reduced one-for-one with its decline, and investors can lose a substantial portion or all of their principal. A preliminary estimated value is $958.40 per $1,000 (not less than $900 at pricing), reflecting embedded fees and hedging costs. The notes are unsecured, subject to the credit risk of both issuers, offer no dividends, may be illiquid, and involve complex tax and sector-specific risks.