JPMorgan Chase & Co. is offering callable fixed rate notes due January 30, 2041. The notes pay a fixed 5.25% annual interest rate, with interest paid in arrears each January 30, beginning January 30, 2027. At maturity, holders receive the principal plus any accrued and unpaid interest if the notes have not been called.
JPMorgan may redeem the notes at par plus accrued interest on January 30 and July 30 of each year from January 30, 2028 through July 30, 2040. The notes are unsecured obligations of JPMorgan Chase & Co. and are structurally junior to creditors of its subsidiaries. Under JPMorgan’s preferred “single point of entry” resolution strategy, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes.
The notes are not bank deposits and are not FDIC insured. For certain institutional and fee-based advisory accounts, the price to the public will be between $962.60 and $1,000 per $1,000 principal amount, and selling commissions will be up to $45 per $1,000.
JPMorgan Chase & Co. is offering callable fixed rate notes due January 2, 2031. The notes pay interest at a fixed 4.30% per annum, with interest paid in arrears on the last calendar day of January and July, starting July 31, 2026, based on a 30/360 day count convention for each $1,000 principal amount.
The notes can be redeemed early at JPMorgan’s option, in whole but not in part, on the last calendar day of January and July from January 31, 2028 through July 31, 2030 at par plus accrued interest. They are unsecured, unsubordinated obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any other agency.
Under JPMorgan’s preferred “single point of entry” resolution strategy, losses in a failure scenario would be borne first by equity holders and then by unsecured creditors, including holders of these notes, whose claims rank behind creditors of JPMorgan’s subsidiaries and priority or secured creditors. Selling commissions are expected to be about $2.50 per $1,000 note and will not exceed $5.00 per $1,000 note. The notes are intended for investors able and willing to hold to maturity and to accept the credit and structural risks described.
JPMorgan Chase & Co. is offering callable fixed rate notes due January 29, 2038. The notes pay a fixed interest rate of 5.00% per annum, with interest paid annually in arrears on January 30, beginning January 30, 2027, and on the maturity date, for each $1,000 principal amount.
The issuer may redeem the notes early at its option on January 30 and July 30 of each year, from January 30, 2028 through July 30, 2037, at 100% of principal plus accrued and unpaid interest. The notes are unsecured and are subject to JPMorgan Chase & Co.’s resolution strategy under U.S. bankruptcy and Dodd-Frank Title II, meaning losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, and structurally rank behind creditors of subsidiaries.
The price to the public for eligible institutional or fee-based advisory accounts will be between $972.60 and $1,000 per $1,000 principal amount, and selling commissions, if the notes priced on the date described, would be approximately $18.75 and in no event more than $45.00 per $1,000 principal amount.
JPMorgan Chase & Co. is offering callable fixed rate notes due January 13, 2051. The notes pay interest annually in arrears on January 30 of each year at a fixed 5.45% per annum on a $1,000 principal amount, using a 30/360 day count convention. Starting January 30, 2030, and then on the 30th calendar day of January, April, July and October through October 30, 2050, JPMorgan may redeem the notes in whole at par plus accrued interest.
These unsecured obligations are not bank deposits, are not insured by the FDIC or any other governmental agency and are subject to the issuer’s credit and resolution risks, including single-point-of-entry strategies that could impose losses on noteholders. The price to the public per $1,000 note will range from $940.10 to $1,000 for eligible institutional and fee-based accounts, with selling commissions generally up to $50.00 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable fixed rate notes due January 25, 2030. The notes pay a fixed 4.25% per annum, calculated on a 30/360 basis, with interest paid annually on January 26 from 2027 through 2029 and on the maturity date, as long as the notes have not been called.
The issuer may redeem the notes in whole on the 26th calendar day of January, April, July and October, starting July 26, 2026 and ending October 26, 2029, at par plus accrued interest. Each note has a $1,000 principal amount, with an expected price to the public between $992.60 and $1,000 per $1,000 note. Selling commissions would be about $2.75 per $1,000 note and will not exceed $12.50. The notes are unsecured obligations, not bank deposits and are not FDIC insured, and investors are directed to detailed risk factors and tax discussions in the related offering documents.
JPMorgan Chase & Co. provides a January 2026 update on the S&P 500 Daily Risk Control 5% Index, showing hypothetical and actual historical monthly and annual returns. The index uses backtested data from January 4, 1999 through September 9, 2009 and actual index performance from September 10, 2009 through December 31, 2025.
The update emphasizes that both historical and backtested performance are illustrative and not indicative of future results. It highlights that methodology uses proxies in some periods, and that alternative modeling approaches could produce very different outcomes.
Key risk points include that JPMorgan Chase & Co. is a component of the underlying S&P 500 index, the risk control index may fail to meet its 5% volatility target, may be significantly uninvested at times, and reflects a deduction for a notional financing cost whose calculation methodology was recently changed. The material stresses that investments linked to the index may not be suitable for all investors.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked separately to the Russell 2000, Nasdaq-100 and EURO STOXX 50 indexes, fully guaranteed by JPMorgan Chase & Co. The notes pay monthly contingent interest at a rate of at least 13.05% per year (at least $10.875 per $1,000) only if on each review date all three indexes are at or above 65% of their strike levels.
The notes can be redeemed early at the issuer’s option on certain interest payment dates starting July 16, 2026, at $1,000 plus any due interest. If held to July 16, 2027 and any index ever closes below 70% of its strike (a Trigger Event) and then finishes below its strike, repayment of principal is reduced in line with the worst-performing index, potentially down to zero. The preliminary estimated value is about $989.40 per $1,000, and the notes are unsecured obligations subject to JPMorgan credit risk, with no dividends or guaranteed interest.
JPMorgan Chase provides a January 2026 performance update for the S&P 500 Daily Risk Control 5% Index, which dynamically allocates between the S&P 500 and a cash component to target 5% volatility. Volatility is based on exponentially weighted historical returns, and the index is calculated on an excess return basis.
From December 2015 through December 2025, the index shows a Sharpe Ratio of 0.78, 10-year annualized volatility of 5.06% and a 10-year annualized return of 3.93%. Annualized returns over five and three years are 3.12% and 4.34%, with a 1.11% return over the last year. Comparative hypothetical portfolios, such as the Domestic 30/70 Portfolio (ER) and Global 30/70 Portfolio (ER), exhibit different risk/return profiles and higher 10-year volatility.
The update highlights that all non-index portfolio data are hypothetical and that past and backtested performance are not indicative of future results. Key risks include the possibility that the index may not achieve its 5% volatility target, may be significantly uninvested in certain environments, and reflects a deduction for notional financing costs. Investors are directed to broader risk discussions in related supplements when considering CD notes linked to the index.
JPMorgan Chase & Co. is offering callable fixed rate notes due July 28, 2034. The notes pay a fixed interest rate of 4.60% per annum, with interest paid annually in arrears on January 30 of each year from January 30, 2027 to January 30, 2034, and on the maturity date.
Starting January 30, 2028 and through April 30, 2034, JPMorgan may redeem the notes on specified January, April, July and October dates at a price equal to the principal plus accrued interest, meaning investors may not hold to maturity if the issuer calls early. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency.
Pricing is expected around $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts potentially paying between $980.10 and $1,000. Selling commissions would be around $16 and will not exceed $35 per $1,000 principal amount. The filing highlights that in a resolution scenario, holders rank behind creditors of JPMorgan’s subsidiaries, and it confirms the notes are expected to be treated as fixed-rate debt for U.S. federal income tax purposes.
JPMorgan Chase & Co. is offering callable fixed rate notes due January 28, 2033. The notes pay fixed interest at an annual rate of 4.65%, calculated on a 30/360 day count basis, with interest paid in arrears each January 30 beginning in 2027 and on the maturity date, so long as the notes have not been redeemed early.
JPMorgan may, at its option, redeem the notes in whole (but not in part) on January 30 and July 30 of each year from 2028 through 2032 at par plus accrued and unpaid interest. The indicative price to the public is $1,000 per $1,000 principal amount, with the possibility of lower pricing, no less than $985.10, for eligible institutional or fee-based advisory accounts. Selling commissions, if the notes priced on the indicated date, would be about $4.00 per $1,000 and will not exceed $20.00 per $1,000. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not FDIC insured.