JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Buffered Return Enhanced Notes linked to the lesser performer of the S&P 500 Index and the SPDR Gold Trust.
The notes offer at least 1.875x leveraged upside on any positive return of the weaker underlying, with no cap on gains. A 15% buffer protects principal against moderate declines, but if the lesser performing underlying falls more than 15% from its strike value, losses increase at about 1.17647% for each additional 1% drop, and investors can lose all principal.
The notes pay no interest or dividends, have a minimum denomination of $10,000, and mature on February 1, 2027, based on a January 27, 2027 valuation. An indicative estimated value is about $983 per $1,000, and the final estimated value will not be less than $970, reflecting selling costs and hedging. The notes are unsecured, not bank deposits, and are not insured by the FDIC.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Callable Range Accrual Notes linked to the 10‑Year Constant Maturity Treasury (CMT) Rate, due December 18, 2045, in an aggregate amount of $1,126,000. Each note is sold at $1,000, with dealer compensation of about $46.03 per note and issuer proceeds of about $953.97 per note.
The notes pay a fixed 8.00% per annum during the initial interest periods through December 18, 20280.00% to 8.00% per annum based on how many days in each period the 10‑Year CMT Rate is at or below 5.00%; if it is above 5.00% for an entire period, no interest is paid for that month. The issuer may redeem the notes in whole, but not in part, on the 18th of each month from December 18, 2028 onward at par plus accrued interest.
At maturity, holders receive principal plus any accrued interest. The estimated value was $935.80 per $1,000 note when terms were set, reflecting embedded structuring and hedging costs. The document highlights risks including potential zero interest in some periods, long maturity, limited liquidity, calculation‑agent discretion over the reference rate, and U.S. tax considerations, particularly for non‑U.S. holders.
JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the S&P 500® Index, maturing on February 19, 2027. The notes provide unleveraged upside to the Index, but gains are capped at a Maximum Return of at least 14.38%, giving a maximum payment of $1,143.80 per $1,000 note in the example shown. A 20.00% contingent buffer protects principal at maturity if the Index ends at or above 80% of the Index Strike Level of 6,926.60, but if the Index falls by more than 20%, investors lose 1% of principal for each 1% decline and can lose their entire investment. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and their estimated value, if priced on the date shown, would be about $986.00 per $1,000 note, with a minimum estimated value at pricing of $970.00.
JPMorgan Chase Financial Company LLC is offering index-linked "Review Notes" due January 27, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are tied separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, with no interest or dividend payments.
The notes may be automatically called on annual Review Dates starting January 26, 2027 if the closing level of each Index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least 9.10% to 45.50% of principal, depending on the year. If not called and, at maturity, each Index is at or above 70% of its Initial Value, investors receive principal back; if any Index finishes below 70%, the payoff is $1,000 plus $1,000 times the Least Performing Index Return, so losses can exceed 30% and reach total loss of principal.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. If the notes priced on the stated date, the estimated value would be approximately $929.60 per $1,000, and will not be less than $900.00 per $1,000 when finalized, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering $2,247,000 of Capped Enhanced Participation Equity Notes, Series A, due December 10, 2027, linked to the S&P 500 Index and fully guaranteed by JPMorgan Chase & Co. The notes have a $1,000 principal amount each, pay no interest, and return at maturity depends entirely on index performance from January 13, 2026 to December 8, 2027.
If the index rises, investors receive three times the index gain, capped at a maximum settlement amount of $1,252 per $1,000 note, which corresponds to an index level of 108.40% of the initial level of 6,963.74. If the final index level is below the initial level, principal is lost one-for-one with the decline, and investors can lose their entire investment. The estimated value at issuance is $996.50 per $1,000 note, reflecting structuring and hedging costs, and the notes will not be listed, creating liquidity and valuation risks alongside tax and credit risks of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the American Depositary Shares of JD.com, Inc. The notes are issued in $1,000 denominations, with a total offering of $500,000 at $1,000 per note and issuer proceeds of $495,000 after fees. If the notes are outstanding and JD.com’s ADS is at or above the Interest Barrier/Trigger Level of $19.9745 (65.00% of the $30.73 stock strike price) on a Review Date, investors receive a Contingent Interest Payment of $35.30 per $1,000 note, plus any previously unpaid coupons. The notes are automatically called if JD.com’s ADS closes at or above the $30.73 strike on a non-final Review Date, returning $1,000 plus the applicable coupon and any unpaid coupons. If no automatic call occurs and the Final Stock Price on the Valuation Date is below the Trigger Level, maturity payment is $1,000 plus $1,000 × Stock Return, so investors can lose more than 35% and up to all principal. Payments are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes pay no fixed interest or dividends.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $750,000 of Capped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index.
The notes provide 1.50x any positive Index return up to a maximum upside of 20.01%, giving a maximum positive maturity payment of $1,200.10 per $1,000 note. If the Index finishes down but by no more than the 20.00% contingent buffer, investors receive the absolute value of the negative return, up to a $1,200.00 maximum.
If the Index falls by more than 20.00% from the strike level of 6,966.28, principal is exposed 1:1 to further losses and investors can lose all of their investment. The notes pay no interest or dividends, are unsecured and unsubordinated, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $15 in selling commissions, while the initial estimated value is $979.
JPMorgan Chase Financial Company LLC is offering $1,400,000 of Capped Return Enhanced Notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 2.00x leveraged upside on any index gains, but returns are capped at a 23.11% Maximum Return, giving a maximum payment of $1,231.10 per $1,000 note at maturity. If the index ends below the strike level of 6,016.30, investors lose 1% of principal for every 1% decline, up to a total loss. The notes pay no interest or dividends, have a minimum denomination of $10,000, and mature on January 28, 2027, with an estimated value at issuance of $985.30 per $1,000, below the $1,000 price to public.
JPMorgan Chase Financial Company LLC is offering capped notes linked to the SPDR® Gold Trust (GLD). The notes are designed to give exposure to any increase in the fund’s share price over the term, with a maximum total return of 9.00% and minimum repayment of 97.00% of principal at maturity, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
Each note has a $1,000 principal amount, with no interest or dividends paid during the term. If the final GLD price is above the strike price of $422.23, investors receive $1,000 plus an additional amount based on 100% participation in the fund’s positive return, capped at a $90 maximum amount. If the final price is at or below the strike, the payoff is $1,000 plus the fund return, but not less than $970 per $1,000.
The notes price at $1,000, including $10 in selling commissions, with net proceeds of $742,500 on a $750,000 offering. The estimated value at pricing is $984.70 per $1,000, reflecting internal funding and hedging costs. The notes are unsecured, will not be listed on an exchange, and may have limited or illiquid secondary trading.
JPMorgan Chase Financial Company LLC is offering $500,000 of capped contingent buffered return enhanced notes linked to the common stock of PayPal Holdings, Inc. The notes provide 4.74 times any positive stock return, but gains are capped at a 47.40% maximum return, giving a maximum payment of $1,474 per $1,000 note at maturity.
If PayPal’s final averaged stock price is at or above the $57.66 strike, investors receive leveraged upside subject to the cap. If the final price is below the strike but not by more than the 35.00% contingent buffer, principal is returned. If the stock falls by more than 35.00%, investors lose 1% of principal for each 1% decline and can lose their entire investment.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and mature on January 13, 2028. The estimated value is $974.70 per $1,000 note versus a $1,000 issue price, reflecting selling, structuring and hedging costs.