JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Uncapped Accelerated Barrier Notes linked to the lesser performance of the SPDR® S&P 500® ETF Trust (SPY) and the Invesco QQQ TrustSM, Series 1 (QQQ), maturing on January 22, 2031. The notes provide at least 1.315 times any positive return of the lesser-performing fund if both finish above their initial values.
If either fund finishes at or below its initial value but both stay at or above 70% of their initial values, investors receive only their principal. If either fund closes below 70% of its initial value, maturity payment is reduced one-for-one with the loss of the lesser-performing fund, exposing investors to losses greater than 30% and potentially 100% of principal. The minimum denomination is $1,000, with an estimated value of about $980 per $1,000 note at pricing and not less than $950. The notes pay no interest or dividends, will not be listed on an exchange, and are subject to the credit risk of both JPMorgan entities, complex tax treatment, and potentially limited secondary market liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes pay a contingent interest of at least $45.00 per $1,000 note each quarter (at least 18.00% per annum) for any Review Date on which Palantir’s share price is at or above 50.00% of the Initial Value. The notes may be automatically called as early as April 21, 2026 if the share price is at or above the Initial Value on a Review Date.
If the notes are not called and Palantir’s final share price on July 21, 2027 is at or above the 50.00% Trigger Value, investors receive $1,000 plus the final contingent interest. If the final price is below the Trigger Value, repayment is reduced one-for-one with Palantir’s decline, and investors can lose more than 50.00% and up to all of their principal. The notes are unsecured, unsubordinated obligations, exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not pay dividends on Palantir stock. An example estimated value is $964.80 per $1,000 note, with a minimum estimated value at pricing of $900.00.
JPMorgan Chase Financial Company LLC is offering structured review notes linked to the worst performer among the Russell 2000 Index, the VanEck Gold Miners ETF and the State Street Energy Select Sector SPDR ETF, fully guaranteed by JPMorgan Chase & Co. The notes are auto-callable from January 25, 2027 through final maturity on January 24, 2031, with per-note denomination of $1,000.
If on a Review Date all three underlyings are at or above 100% of their initial values, the notes are called and pay back principal plus a call premium that starts at at least 24.85% and can reach at least 124.25% by the final Review Date. If not called, and any underlying finishes below 60% of its initial value, repayment is reduced one-for-one with the loss in the worst performer, so investors may lose most or all principal. The notes pay no interest or dividends, have limited liquidity, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The issuer estimates current value at about $953.10 per $1,000 note, and not less than $900.00 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc., maturing January 21, 2028. The notes pay a contingent coupon of at least 22.00% per annum (at least $55 per $1,000 quarterly) only if Palantir’s share price on each review date is at or above 60.00% of the initial value.
The issuer can redeem the notes early on specified interest payment dates starting July 16, 2026, returning $1,000 per note plus any due contingent interest, after which no further payments are made. If held to maturity and the final Palantir price is at or above the 60.00% trigger, investors receive $1,000 plus the final contingent interest; if it is below the trigger, the payoff is $1,000 plus the stock return, so investors can lose more than 40% and up to all principal.
The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., pay no dividends on Palantir, and will not be listed on an exchange. Estimated value at pricing would be about $970 per $1,000, and will not be less than $950, reflecting selling commissions of up to $17.50 and a structuring fee of up to $1.00 per $1,000, as well as hedging and issuance costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 indices, maturing on January 24, 2031.
The notes can be automatically called on annual Review Dates starting January 22, 2027 if each index is at or above its initial level, paying back $1,000 plus a call premium of at least 8%–32% of principal depending on the call year. If not called and all indices end above their initial levels, investors receive uncapped, unleveraged upside based on the least performing index.
A 25% downside buffer applies at maturity; below that, principal is reduced 1% for every 1% additional loss in the least performing index, up to a 75% loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and have an estimated value of about $940 per $1,000 principal today, with a final estimated value not less than $920 per $1,000 to be set at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Buffered Digital Notes linked to the S&P 500® Index, maturing in January 2028. The notes aim to pay a fixed return of at least 17.00% at maturity if the index finishes at or above its initial level, or down by no more than 10.00%.
If the S&P 500® falls by more than 10.00%, investors lose 1% of principal for each additional 1% decline, up to a 90.00% loss of principal at maturity. The preliminary estimated value is about $991.90 per $1,000 note and will not be less than $960.00 when finalized. The notes pay no interest or dividends, are unsecured, not FDIC‑insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on February 4, 2032. Each note has a $1,000 denomination.
At maturity, if both indices finish above their initial levels, investors receive $1,000 plus at least 1.20 times the gain of the weaker index. If either index is flat or down by up to the 10% buffer, investors receive only their principal back. If either index falls by more than 10%, repayment is reduced dollar-for-dollar beyond the buffer, with up to 90% of principal at risk.
The notes pay no interest, provide no dividends, are not bank deposits, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the example date, the estimated value would be about $945.10 per $1,000 note and will not be less than $920.00 when finalized, reflecting embedded selling commissions, structuring fees and hedging costs.
JPMorgan Chase Financial Company LLC is offering structured “Review Notes” linked separately to the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 26, 2029 and can be automatically called on scheduled Review Dates starting in January 2027 if each index closes at or above its Call Value, paying back $1,000 plus a Call Premium Amount that starts at a minimum of 14% of principal and can reach at least 42% on the final Review Date.
If the notes are not called and each index finishes at or above its 70% Barrier Amount, investors receive only their principal at maturity. If any index closes below its Barrier Amount on the final Review Date, the payout is reduced one-for-one with the decline of the Least Performing Index, and investors can lose all principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity may be limited. The preliminary estimated value is about $977 per $1,000 note, and the final estimated value will not be less than $940 per $1,000.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class C common stock of Dell Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on January 25, 2028 and are issued in minimum denominations of $1,000.
The notes pay a Contingent Interest Payment on each Review Date only if Dell’s closing share price is at least 65.00% of the Initial Value, defined as the Interest Barrier. If the stock is below this barrier on a Review Date, no interest is paid for that period. Beginning April 20, 2026, the notes will be automatically called if Dell’s share price on a Review Date (other than the first, second and final) is at or above a preset Call Value, returning $1,000 plus that period’s contingent interest.
If the notes are not called, and Dell’s price on the final Review Date is at or above a specified Trigger Value, investors receive $1,000 plus the final contingent interest. If the final price is below the Trigger Value, repayment is reduced in line with the stock loss, so investors can lose a significant portion or all of their principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is currently about $964.20 per $1,000, and will not be less than $930.00 per $1,000 when set, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $3,220,000 of auto callable contingent interest notes linked separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, maturing January 19, 2029.
The notes pay a contingent coupon at a rate of 10.50% per annum (0.875% per month) only if on a Review Date each index closes at or above 85% of its Initial Value, with unpaid coupons accruing if this condition is later met. Starting January 13, 2027, the notes are automatically called if on a Review Date (other than designated early and final dates) each index is at or above its Initial Value, returning $1,000 per note plus applicable coupons.
If the notes are not called and on the final Review Date any index finishes below 75% of its Initial Value, principal is reduced 1% for each 1% decline in the least performing index, which can result in a substantial or total loss of principal. The price to public is $1,000 per note, including $2.50 in selling commissions, while the estimated value at pricing was $979.20 per $1,000.