JPMorgan Chase Financial Company LLC plans to issue unsecured, auto callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes run to December 28, 2027 and may be called early as soon as April 22, 2026 if each index is at or above its Initial Value on a review date (other than the first, second and final). Investors receive a monthly Contingent Interest Payment only when all three indices close at or above 80% of their Initial Values; the contingent interest rate will be at least 8.50% per annum.
If the notes are not called and any index finishes below 70% of its Initial Value at maturity, repayment of principal is reduced 1% for every 1% decline in the least-performing index, which can result in a substantial or total loss. A preliminary estimated value is about $960.10 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000, reflecting embedded costs and hedging assumptions.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the lesser performance of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment for any Review Date on which both indices close at or above 60% of their Initial Values, and are automatically called if both are at or above their Initial Values on a non-final Review Date. If a Trigger Event occurs and the Final Value of the lesser performing index is below its Initial Value, investors lose 1% of principal for each 1% decline, potentially losing their entire investment. The notes are unsecured obligations, not bank deposits, are not listed, and their estimated value, if priced today, would be approximately $986.60 per $1,000 note, with a minimum estimated value at pricing of $900.00 per $1,000 note.
JPMorgan Chase Financial Company LLC is issuing $5,792,000 of Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, guaranteed by JPMorgan Chase & Co. The notes may be automatically called on January 27, 2027 if each index closes at or above its Call Value, paying $1,000 plus a fixed $230 Call Premium per note.
If not called and each index finishes above its initial level at maturity in January 2029, investors receive $1,000 plus 1.50 times the gain of the worst-performing index. If any index closes below a 70% barrier, investors lose 1% of principal for each 1% decline in the least performing index and could lose their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $976.30 per $1,000 at pricing, below the issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering medium-term digital notes due April 29, 2027, linked to the iShares 20+ Year Treasury Bond ETF. The notes pay no interest and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, if the ETF’s final level is at least 90% of its initial level, holders receive a fixed threshold settlement amount, expected between $1,064.80 and $1,076.00 per $1,000 note, capping upside. If the ETF falls more than 10%, losses exceed the drop on a leveraged basis (about 1.1111% loss for each 1% decline beyond the 10% buffer), up to total loss of principal.
The estimated value at pricing is expected between $969.90 and $979.90 per $1,000 note, reflecting selling commissions, hedging costs and dealer profits. The notes are unsecured obligations, not FDIC insured, will not be listed on an exchange, and involve tax, liquidity, credit and structural risks described in detail in the risk factors.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $722,000 of auto callable barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500, maturing on January 25, 2029. The notes may be automatically called as early as January 26, 2027 if each index is at or above its 100% Call Value, paying $1,000 plus a call premium of 15.50% on the first Review Date or 31.00% on the second.
If not called, at maturity investors get uncapped, unleveraged exposure to the least performing index: gains match that index’s return when all three finish above their initial levels; principal is merely returned if any index is at or below its initial level but all remain at or above a 70% barrier. If any index finishes below its 70% barrier, repayment falls one-for-one with the least performing index and investors can lose up to all principal.
The notes pay no interest or dividends and carry issuer and guarantor credit risk. The price to public is $1,000 per note, including $9.50 in selling commissions, while the initial estimated value is $962.50, reflecting embedded costs and JPMorgan’s internal funding rate.
JPMorgan Chase Financial Company LLC is issuing $2,536,000 of auto callable contingent interest notes due January 25, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq‑100 Index, the Russell 2000 Index and the State Street SPDR S&P Regional Banking ETF.
Investors receive monthly contingent interest at an annual rate of 8.70% (0.725% per month) only when the closing value of each underlying is at least 70% of its initial level. Beginning July 21, 2026, the notes are automatically called if on a review date (other than the first five and final) each underlying is at or above its initial value, paying $1,000 per note plus applicable interest and any unpaid contingent interest.
If the notes are not called, and at maturity the worst-performing underlying is at or above 60% of its initial value, investors receive full principal plus applicable interest. If any underlying finishes below 60%, principal is reduced one‑for‑one with the loss of the least performing underlying, up to a complete loss. The price to public is $1,000 per note, while the bank’s estimated value is $950.60, and the notes are unsecured obligations subject to JPMorgan credit risk and limited liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,567,000 of Review Notes linked separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index.
The notes can be automatically called on scheduled Review Dates starting January 26, 2027 if each index closes at or above its Call Value (100% of its initial level). In that case, holders receive $1,000 plus a fixed Call Premium Amount per note, ranging from 9.50% on the first Review Date up to 47.50% on the final Review Date.
If the notes are not called and on the final Review Date each index finishes at or above its Barrier Amount (70% of its initial level), investors receive back principal. If any index finishes below its Barrier Amount, repayment is reduced one-for-one with the decline of the least performing index, and investors can lose more than 30% and up to all of their principal.
The notes pay no interest, provide no index dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and their payments are subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, including selling commissions, while the estimated value at pricing was $932.40 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as February 5, 2027 if each index closes at or above its Call Value, paying $1,000 per note plus a Call Premium Amount of at least $240 and then terminating.
If not called, at maturity in January 2029 investors receive $1,000 plus 1.50 times any positive return of the least performing index, full principal back if none of the indices has fallen below 80% of its initial level, or a dollar-for-dollar loss in line with the least performing index if that barrier is breached, down to a potential total loss. The estimated value is indicated at about $980 per $1,000 note and will not be less than $950. The notes pay no interest, provide no dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, may be illiquid, and involve equity, small-cap, non-U.S. and tax-structure risks.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes can pay monthly contingent interest at a rate that will be at least 7.40% per annum if, on an interest review date, each index is at or above 75% of its initial level. The notes are automatically called on specified quarterly dates if all three indexes are at or above their initial levels, with the earliest possible call in February 2027.
If the notes are not called and any index finishes below 70% of its initial level at maturity in February 2031, principal is reduced one-for-one with the decline of the worst-performing index, which can result in losing most or all of the investment. Investors receive no dividends, may receive no interest at all, face limited liquidity, and the unsecured notes carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is $932.20 per $1,000, and the final estimated value will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering $1,752,000 of auto-callable structured notes linked separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, price at $1,000 per note and carry an estimated value of $945.40 per $1,000 at issuance.
The notes may be automatically called as early as January 26, 2027 if each index closes at or above its Call Value of 100% of its Initial Value on a Review Date. In that case, investors receive $1,000 plus a fixed Call Premium Amount ranging from 11.50% on the first Review Date up to 34.50% on the final Review Date, and the notes terminate.
If not called, investors receive full principal at maturity on January 25, 2029 only if the Final Value of each index is at least 70% of its Initial Value. If any index finishes below this 70% barrier, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose more than 30% and up to all of their principal. The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as limited liquidity and potentially lower secondary market values.