JPMORGAN CHASE & CO SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the MerQube US Large-Cap Vol Advantage Index, with potential automatic early redemption at a premium if the index closes at or above 100% of its initial level on specified review dates from January 2027 to January 2031.

The notes do not pay interest or dividends and expose holders to loss of more than 50% and up to all of principal at maturity if the final index level is below a 50% barrier. Call premiums step up from at least 24% to at least 120% of principal depending on when an automatic call occurs. The underlying index applies a 6.0% per annum daily deduction and can use significant leverage (up to 500% exposure to E-mini S&P 500 futures), which can magnify losses and cause performance to lag a comparable index without such a charge.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange, and may have limited or illiquid secondary trading. The preliminary estimated value is about $901.10 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded costs and dealer compensation.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a $1,000 minimum denomination, quarterly review dates and a potential contingent interest rate of at least 10.50% per annum, paid only if the index is at or above the interest barrier on a review date. The index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ-based underlying asset. The notes may be automatically called after the first year if the index is at or above its initial value, in which case investors receive principal plus the applicable interest and no further payments. If held to maturity and the final index level is below 50% of the initial value, repayment of principal is reduced one-for-one with the index decline, and investors can lose their entire investment; the estimated value at pricing will not be less than $900 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (ticker: MQUSTVA). The notes have a minimum denomination of $1,000 and are scheduled to price on January 27, 2026, with a final review date of January 27, 2031 and maturity on January 30, 2031.

The notes pay a contingent interest rate of at least 9.50% per annum, paid quarterly at a rate of at least 2.375%, but interest is only paid if, on a review date, the index is at or above an interest barrier set at 50% of the initial value. The notes are automatically called if, on any review date other than the first three and the final, the index closes at or above its initial value, in which case investors receive principal plus that period’s contingent interest and no further payments.

If the notes are not called and the final index value is at or above the trigger (50% of initial), investors receive principal plus final contingent interest. If the final value is below the trigger, repayment is reduced 1% for every 1% decline from the initial value, and investors can lose more than half—or all—of their principal. The index includes a 6.0% per annum daily deduction and a daily notional financing cost. The estimated value at issuance will not be less than $900 per $1,000 note. Extensive risk factors highlight potential loss of principal, uncertain interest, credit risk of JPMorgan entities, limited liquidity, leverage in the index, and various structural and tax risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year auto callable review notes linked to the MerQube US Large-Cap Vol Advantage Index (ticker MQUSLVA). The notes have a $1,000 minimum denomination, a Pricing Date of January 27, 2026, and are scheduled to mature on January 30, 2031, with annual review dates.

The Index provides rules-based exposure to E‑Mini S&P 500 futures with exposure between 0% and 500% and is reduced by a 6.0% per annum daily deduction. If on any review date the Index is at or above 100% of its initial value, the notes are automatically called and pay $1,000 plus a call premium that will be at least 24.00% per annum.

If not called, and the final Index value is at or above a 50.00% barrier, investors receive full principal at maturity. If the final value is below the barrier, repayment is reduced by the Index return, so investors can lose more than 50% and up to all principal. The estimated value will not be less than $900 per $1,000 note, and all payments are subject to JPMorgan credit risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the S&P 500 Index and the Russell 2000 Index, maturing on February 4, 2031.

At maturity, if all three indices finish above their initial levels, investors receive their principal plus at least 1.55 times the gain of the worst-performing index. If any index is at or below its initial level but all three stay at or above 70% of their initial values, investors get their principal plus the absolute decline of the worst-performing index, capped at a 30% gain (maximum $1,300 per $1,000 note in this case).

If any index closes below 70% of its initial level, principal is exposed one-for-one to the loss of the worst-performing index and investors can lose most or all of their investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, are not listed, and may trade below the $1,000 issue price; the preliminary estimated value is about $965.80 per $1,000 note and will not be less than $900 when finalized.

JPMorgan Chase Financial Company LLC is offering Step-Up Auto Callable Notes linked to the J.P. Morgan Dynamic BlendSM Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to return principal at maturity if they are not called, while providing step-up call premiums or index-linked upside.

The notes may be automatically called as early as February 2027 if, on a Review Date, the Index closes at or above a specified Call Value. In that case, investors receive $1,000 plus a Call Premium Amount that steps up from at least 9% to at least 54% of principal over six call dates, and no further payments. If the notes are not called and the Index ends above its initial level, maturity payment adds 100% of the Index’s positive return; if the Index is flat or down, investors receive only principal.

The underlying Index is a rules-based strategy that allocates between U.S. large-cap equity futures and 2-year U.S. Treasury futures, targets 3.0% volatility, and deducts a 0.95% per annum fee. The notes pay no periodic interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and their estimated initial value is expected to be between $880 and approximately $905.70 per $1,000 principal amount.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 7-year step-up auto callable notes linked to the J.P. Morgan Dynamic Blend℠ Index (ticker JPUSDYBL). The Index allocates between a futures-based U.S. large-cap equity index and a 2-year U.S. Treasury futures index while targeting 3.0% volatility and deducting 0.95% per year.

The notes have a $1,000 minimum denomination and a 100% participation rate. On annual Review Dates, if the Index closes at or above the applicable Call Value, the notes are automatically called and pay back principal plus a Call Premium that will be at least 9.00% per annum, after which no further payments are made. If not called and held to maturity, holders receive full principal repayment even if the Index has declined, and may receive additional return if the Final Value is above the Initial Value, subject to the issuers’ credit risk.

The estimated value at pricing will not be less than $880 per $1,000 note. Key risks include limited upside if called, lack of interest payments, index methodology risk, futures and liquidity risks, and exposure to the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the iShares Bitcoin Trust ETF, maturing February 1, 2029. The notes provide 1.50x any positive Fund return at maturity, up to a maximum return of at least 107.00%, implying a maximum payment of at least $2,070 per $1,000 note.

Principal is protected only by a 15.00% downside buffer. If the ETF falls more than 15% from its initial level, investors lose 1% of principal for each additional 1% decline, for a possible loss of up to 85.00% (down to $150 per $1,000 note. The notes pay no interest and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The ETF tracks the price of bitcoin, so the notes embed exposure to a highly volatile and relatively new digital asset, with risks tied to bitcoin regulation, market structure, network issues and the ETF’s fees and trading behavior. An estimated value example is approximately $930.90 per $1,000 note, reflecting embedded structuring and hedging costs and implying likely secondary prices below issue.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5‑year auto callable notes linked to the J.P. Morgan Multi‑Asset Index (ticker MAX). The notes are issued in minimum denominations of $1,000 and provide 100% participation in the positive Index return if held to maturity and not called.

The Index follows a momentum strategy across up to 10 futures‑based indices spanning equities, fixed income and commodities from major developed markets, converted to U.S. dollars where needed, and is subject to a 1.00% per annum daily deduction with an initial volatility threshold of 4.0%.

On each annual Review Date before maturity, if the Index is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium of at least 8.25% per annum for that date. If not called, investors receive full principal at maturity even if the Index has declined, and may receive additional upside if the Final Value exceeds the Initial Value, all subject to the credit risks of the issuer and guarantor. The estimated value at pricing will not be less than $900.00 per $1,000 note.