JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to Amazon.com, Inc. stock, maturing on February 25, 2027. The notes pay a contingent coupon of at least $9.5417 per $1,000 (a rate of at least 11.45% per year, 0.95417% per month) for any Review Date when Amazon’s closing price is at or above 85% of the Initial Value. Automatic call can occur on specified Review Dates starting July 20, 2026 if Amazon’s price is at or above the Initial Value, returning $1,000 plus the applicable coupon.
At maturity, if not called and Amazon’s final price is at or above the 85% buffer threshold, investors receive $1,000 plus the final coupon. If it is below that threshold, principal is reduced using the buffer formula, and investors can lose up to 85% of principal. The minimum denomination is $1,000. The estimated value would be about $970 per $1,000 note if priced on the indicated date and will not be less than $950 per $1,000 when finalized, reflecting selling commissions and hedging costs. The notes are unsecured, not FDIC insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 13, 2031. The notes are designed to pay at maturity at least 1.745 times any positive index return, with no cap on upside.
If the index is flat or down by up to the 20% buffer, investors receive their $1,000 principal per note back. If the index falls by more than 20%, investors lose 1% of principal for each additional 1% decline, up to an 80% loss.
The notes pay no interest, are unsecured and unsubordinated obligations of JPMorgan Financial, and are not bank deposits or FDIC insured. A preliminary estimated value is approximately $975.40 per $1,000 note, and the final estimated value will not be less than $930.00, reflecting embedded fees, hedging costs and issuer funding assumptions. The notes will not be listed, and secondary market prices may be materially below the issue price.
JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due January 19, 2029, linked to the common stock of Wells Fargo & Company. These notes can pay a contingent quarterly coupon of at least 2.6875% of the $1,000 principal (at least $26.875 per note) for each determination date when Wells Fargo’s closing price is at or above 75% of the initial stock price, but pay nothing if it is below that level.
The notes are auto-callable: if on any non-final determination date the stock closes at or above its initial price, investors receive $1,000 plus the applicable coupon and the notes terminate. If not called, and the final stock price is at or above the 75% downside threshold, investors receive $1,000 plus the final coupon. If the final price is below the threshold, repayment of principal is reduced 1-to-1 with the stock’s decline and can fall to zero.
The securities do not participate in any stock upside and are subject to the credit risk of JPMorgan Chase Financial Company LLC and its guarantor, JPMorgan Chase & Co. The estimated value is indicated at approximately $962 per $1,000 today and will not be less than $940 per $1,000 on the pricing date.
JPMorgan Chase Financial Company LLC is offering structured notes that pay a return based on the lesser performance of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 21, 2028, with a 10% downside buffer and an upside leverage factor of at least 1.25 on any gain when both indices finish above their initial levels.
If the weaker index is flat or down by up to 10%, investors receive a positive, uncapped return equal to the absolute move of that index, capped effectively at 10% when it is negative. If either index falls by more than 10%, principal is reduced 1-for-1 beyond the buffer, with up to 90% loss of principal possible. The notes pay no interest or dividends, are unsecured, not FDIC insured, and an indicative estimated value is about $983.60 per $1,000 principal amount, reflecting embedded costs and hedging.
JPMorgan Chase Financial Company LLC is offering preliminary Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury (CMT) Rate, maturing on January 26, 2046. The notes pay a fixed 10.00% per annum during the initial interest periods through January 26, 2027, then switch to a variable rate between 0.00% and 10.00% based on how many days in each period the 10-Year CMT Rate is at or below 5.00%.
Starting January 26, 2027, the issuer may redeem the notes monthly at par plus accrued interest, which limits the upside if rates remain favorable. The preliminary materials indicate selling commissions of about $30 per $1,000 principal amount (capped at $50), and an estimated value of about $949 per $1,000 note, not less than $910, reflecting embedded costs and hedging. Payments depend on JPMorgan’s credit and on interest-rate conditions; the notes can be illiquid, and in adverse rate environments investors may earn little or no interest and face price declines before maturity.
JPMorgan Chase Financial Company LLC is offering $4,966,000 of capped enhanced participation basket-linked notes due July 12, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note pays no interest and its maturity value depends on an unequally weighted equity index basket (EURO STOXX 50®, TOPIX®, FTSE® 100, Swiss Market Index and S&P/ASX 200), with a 3.0x upside participation rate, capped at a maximum settlement amount of $1,249 per note.
If the basket finishes below its initial level, investors lose principal one-for-one and can lose their entire investment. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed, and have limited liquidity. The original issue price is 100% of principal, including a 1.51% selling commission; the issuer’s estimated value is $978.70 per $1,000, reflecting embedded costs and hedging. The tax treatment is uncertain and may be affected by future IRS or Treasury guidance on prepaid forward contracts.
JPMorgan Chase Financial Company LLC is offering $2,957,000 of callable contingent interest notes linked to the Nasdaq-100 Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF, fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 10.40% per year (0.86667% per month) only when, on a Review Date, each underlying is at or above 70% of its initial value. Beginning April 13, 2026, the issuer may redeem the notes early on designated interest payment dates, returning $1,000 per note plus any due contingent interest. If held to August 11, 2028 and any underlying finishes below its 65% trigger level, investors lose 1% of principal for each 1% decline of the worst performer and could lose their entire investment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Interest Notes linked separately to the S&P 500 Index and the Russell 2000 Index, scheduled to mature on January 19, 2029.
Investors may receive semiannual contingent interest of at least 8.35% per annum in total if, on each review date, both indices close at or above 75% of their initial levels; if either index is below this barrier, no interest is paid for that period. At maturity, if either index finishes below its 75% trigger, repayment of principal is reduced one-for-one with the decline of the lesser-performing index, which can result in losing more than 25% or even all of the investment. The notes are unsecured, will not be listed on an exchange, have an estimated initial value of about $984.60 per $1,000 (and not less than $900 when finalized), and do not provide any equity upside or dividends.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered equity notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on February 19, 2027. The notes provide 1.00x exposure to any positive return of the worse-performing index, up to a maximum return of at least 22.50%, so the maximum payment at maturity is at least $1,225 per $1,000 note.
Principal is protected only by a 10% downside buffer. If either index falls more than 10%, investors lose 1% of principal for each additional 1% decline in the lesser-performing index, with losses up to 90% of principal. The notes pay no interest, provide no dividends, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The minimum denomination is $1,000. The issuer indicates that if the notes priced on the reference date, the estimated value would be about $972.10 per $1,000 note and will not be less than $900, reflecting embedded costs, hedging, and dealer compensation, and secondary market liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped dual directional buffered return enhanced notes linked to the lesser performing of the Nasdaq‑100 Index and the Russell 2000 Index, maturing on July 21, 2027. The notes target 1.50 times any positive return of the weaker index, subject to a Maximum Upside Return of at least 29%.
If the weaker index is flat or down by up to the 10% buffer, investors receive a positive, uncapped return equal to the absolute move of that index, but gains are capped at 10% in declining scenarios. If either index falls by more than 10%, principal is reduced one‑for‑one beyond the buffer and investors can lose up to 90% of their investment. The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are not listed, so liquidity may be limited. An illustrative estimated value is $972.10 per $1,000 note, with a minimum estimated value at issuance of $900.00 per $1,000 note.