JPMORGAN CHASE & CO SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable yield notes linked to the lesser performing of Palantir Class A stock and Apple common stock, maturing April 26, 2027. The notes pay at least 15.90% per annum, credited monthly at a rate of at least 1.325%, as long as they are outstanding.

The notes are automatically called if, on a review date before maturity, the closing price of one share of each reference stock is at or above its initial value, in which case investors receive $1,000 plus the applicable interest and no further payments. If the notes are not called and the final value of each stock is at least 50% of its initial value (the trigger), investors receive full principal plus the final interest payment. If either stock finishes below its trigger, the maturity payment is reduced in proportion to the loss of the lesser performing stock, and investors can lose more than 50% or all of their principal.

The notes are unsecured, unsubordinated obligations, not bank deposits, and are not FDIC insured. The preliminary estimated value is about $981.80 per $1,000 note and will not be less than $950. They will not be listed on an exchange, and secondary prices may be lower than the issue price. The issuer intends to treat the notes for U.S. tax purposes as a combination of a deposit and a put option written by the investor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering step-up auto callable notes linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER, maturing on February 3, 2033. The notes may be automatically called as early as February 2, 2027 if the index closes at or above preset call values, paying back the $1,000 principal per note plus a fixed call premium that steps up over six review dates.

If the notes are not called, investors receive full principal at maturity plus any index appreciation, calculated at a 100% participation rate, while forgoing periodic interest and dividends. The index targets 5% volatility and reflects a daily 0.50% annual deduction and notional financing cost, and the preliminary estimated value is approximately $906.40 per $1,000 note, not less than $900. The notes are unsecured, not FDIC-insured, and subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 31, 2031, in minimum denominations of $1,000. The notes can be automatically called as early as January 29, 2027 if the Index is at or above preset Call Values, paying back principal plus a Call Premium Amount based on a Call Premium Rate of at least 14.00%. If never called and the Final Value is below the 60% Barrier Amount, repayment is $1,000 + ($1,000 × Index Return), so investors can lose more than 40% and up to all principal. The Index uses leveraged E-mini S&P 500 futures with a 6.0% per annum daily deduction, which creates a persistent drag on index performance. The issuer estimates the initial economic value at about $887 per $1,000 note, and not less than $870, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as February 2027 if the Index is at or above the call level, paying back principal plus a fixed call premium for each review date. If not called and the Index ends above its initial level, investors receive an uncapped payoff equal to 5.00 times the Index gain; if the Index ends at or above 50% of its initial level, only principal is returned. If the Index finishes below 50% of its initial level, investors lose principal in full proportion to the Index decline and could lose their entire investment. The Index itself includes a 6.0% per annum daily deduction, which drags on performance, and the preliminary estimated value of each $1,000 note is approximately $890.70, not less than $880.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Enhanced Participation Basket-Linked Notes due July 23, 2027. Each note has a $1,000 principal amount and pays no interest. The return depends on an unequally weighted equity index basket: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).

The initial basket level is set to 100. At maturity, if the basket has risen, investors receive 1.5x the basket return, but the payout is capped, with a cap level expected between 119.86% and 123.30% of the initial basket level and a maximum settlement amount expected between $1,297.90 and $1,349.50 per $1,000 note. If the basket falls, the first 7.50% decline is buffered; below a basket level of 92.50%, principal is lost on a leveraged basis using a buffer rate of approximately 1.0811, and investors can lose their entire investment.

The notes are unsecured and 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 estimated value at pricing is expected between $975.60 and $985.60 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions, so secondary market prices are expected to start below the issue price.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of three equity indices: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing December 31, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes aim to pay a monthly Contingent Interest Payment, at a rate that will be at least 9.50% per annum (0.79167% per month in the examples), for each Review Date on which the closing level of every index is at or above 72.00% of its Initial Value. If any index is below this Interest Barrier on a Review Date, no interest is paid for that period.

The issuer can redeem the notes early, in whole, on specified interest payment dates starting May 1, 2026, paying $1,000 per note plus the applicable contingent interest. If not redeemed early, principal repayment at maturity depends on the Least Performing Index: if its Final Value is at or above 70.00% of its Initial Value, investors receive $1,000 per note (plus any final interest); if it is below 70.00%, repayment is reduced one-for-one with the index loss, potentially down to zero.

The notes are unsecured, will not be listed, and secondary market prices are expected to be below the $1,000 issue price. If priced on the date of the example, the estimated value would be approximately $962.10 per $1,000 note, and the final estimated value provided at pricing will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only when the closing level of each index on a Review Date is at least 80% of its Initial Value, with a Contingent Interest Rate of at least 10.35% per annum (0.8625% per month). They can be redeemed early at the issuer’s option on any Interest Payment Date from April 28, 2026, returning $1,000 plus any due contingent interest. If held to maturity and not redeemed, investors receive $1,000 plus the final contingent coupon if each index is at or above its 85% Buffer Threshold, but can lose up to 85% of principal if the least performing index finishes more than 15% below its Initial Value. The estimated value is approximately $980.60 per $1,000 note on the trade date and will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in January 2031 and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent quarterly coupon only if, on a Review Date, the Index is at or above 60% of its Initial Value. The coupon rate will be at least 10.65% per annum.

The notes may be automatically called starting January 28, 2027 if, on a Review Date (other than the first three and final), the Index closes at or above its Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments. If the notes are not called and the Final Index Value is below 50% of the Initial Value, repayment of principal is reduced one-for-one with the Index loss, and investors can lose a significant portion or all of their investment.

The Index employs a volatility-targeting strategy with exposure to the Invesco QQQ Trust of up to 500%, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, creating a persistent drag. The notes are unsecured obligations subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and have an estimated value of about $896.60 per $1,000 principal, not less than $880.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured callable contingent interest notes linked separately to the Nasdaq-100 Index®, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing in December 2027. The notes pay a monthly Contingent Interest Payment only if, on a Review Date, the closing value of each underlying is at or above 60% of its Initial Value (the Interest Barrier); missed interest can be paid later if the condition is met on a subsequent date.

The issuer may redeem the notes early on specified Interest Payment Dates, starting July 24, 2026, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not redeemed and, at maturity, the worst-performing underlying is at or above its 60% Trigger Value, investors receive $1,000 plus the final and any unpaid contingent interest. If the worst-performing underlying ends below its Trigger Value, repayment is reduced one-for-one with its decline, potentially to zero.

The hypothetical contingent interest rate is illustrated at 8.45% per annum (0.70417% per month), and the estimated value is shown at approximately $957.50 per $1,000, not less than $900. Key risks include loss of principal, the possibility of no interest, dependence on JPMorgan credit, sector and index concentration, complex tax treatment and limited liquidity, as the notes are not exchange-listed.