JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on February 1, 2029. The notes can be automatically called on three review dates starting January 29, 2027 if the Index is at or above 100% of its initial level, paying back $1,000 plus a call premium of at least 26.25%, 52.50% or 78.75% per note, depending on the review date.
If not called, investors receive full principal at maturity only if the final Index level is at or above 60% of the initial level. If the final level is below this barrier, repayment is $1,000 plus $1,000 times the Index return, so losses can exceed 40% and reach total principal loss. The Index itself embeds a 6.0% per annum daily deduction and uses leveraged exposure (up to 500%) to E-mini S&P 500 futures, which can magnify losses and cause performance to lag similar indices without this fee. The notes pay no interest or dividends, and secondary market liquidity and values may be limited. The preliminary estimated value is about $917 per $1,000 note and will not be less than $900.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the iShares Ethereum Trust ETF. The notes target investors seeking equity‑like exposure to ether with derivatives-style payoff features but no interest payments. Each note has a $1,000 minimum denomination, can be automatically called on February 1, 2027 if the ETF closes at or above the Call Value, and would then pay $1,000 plus a Call Premium Amount of at least $355.
If not called, at maturity on February 1, 2029 investors receive leveraged upside of 1.50× any positive Fund return, full principal back if the ETF finishes at or above a barrier set at 60.00% of the Initial Value, and one‑for‑one downside below that barrier, with the possibility of a total loss of principal. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The indicative estimated value is about $914.20 per $1,000 note and will not be less than $900.00, reflecting embedded fees, hedging costs and dealer compensation, and secondary market prices are expected to be lower than the issue price. The structure also embeds substantial risks tied to ether and the Ethereum network, including extreme volatility, regulatory uncertainty and operational vulnerabilities.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 7-year auto-callable notes linked to the J.P. Morgan Multi-Asset Index (ticker MAX). The notes have a minimum denomination of $1,000 and a 100% participation rate in the Index.
The Index is a rules-based, futures-based strategy that allocates across up to 10 equity, fixed income and commodity indices, converted into 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 annual Review Dates, 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 9.25% per annum. If not called and held to maturity, investors receive the greater of full principal repayment or an Index-based gain, subject to the credit risks of the issuer and guarantor. The estimated value at issuance will not be less than $900 per $1,000 note, and the product involves significant market, credit, liquidity and structural risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq‑100 Index®, maturing on February 4, 2030. The notes pay no interest or dividends but promise full repayment of the $1,000 principal at maturity, subject to the credit of the issuer and guarantor.
At maturity, investors receive $1,000 plus an Additional Amount equal to 150% of the gain of the worst‑performing index, up to a capped maximum return of at least 34.50% (at least $345 per $1,000 note). If any index finishes at or below its initial level, investors receive only their principal. The preliminary estimated value is about $971.30 per $1,000 note and will not be less than $900 when finalized. Key risks include limited upside, no liquidity listing, potential secondary market discounts, complex tax treatment as contingent payment debt instruments and full exposure to JPMorgan credit risk.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 2, 2029. The notes pay a monthly contingent coupon of at least 8.25% per annum (at least $6.875 per $1,000 per month) only if, on each Review Date, the Index closes at or above 85% of its Initial Value.
The notes may be automatically called as early as July 27, 2026 if the Index is at or above 95% of the Initial Value on specified Review Dates, returning principal plus due and previously unpaid coupons. At maturity, if the notes are not called and the Index is at or above the 85% buffer threshold, investors receive full principal plus any due and unpaid coupons; if it is below that level, principal is reduced 1‑for‑1 beyond a 15% buffer, with up to 85% loss of principal.
The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which systematically drags on performance and can cause it to trail similar strategies without these charges. The preliminary estimated value of the notes is about $923 per $1,000 face amount, and will not be less than $900 at pricing, reflecting embedded fees, hedging costs and the issuer’s internal funding rate. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and will not be listed on any exchange.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the iShares Bitcoin Trust ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and can be automatically called on January 29, 2027 if the ETF’s price is at or above the Call Value, paying $1,000 plus a Call Premium Amount of at least $212.50.
If not called and the ETF finishes above its initial level on the January 29, 2029 Observation Date, investors receive 1.50 times any positive Fund Return; if the ETF is at or above 70% of its Initial Value, principal is returned. If the Final Value is below 70% of the Initial Value, losses match the ETF decline and investors can lose all principal. The estimated value is illustrated at approximately $935.80 per $1,000 note and will not be less than $900. The notes pay no interest, are unsecured, and carry bitcoin and issuer credit risk.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, which references an unfunded position in the Invesco QQQ Trust with up to 500% exposure and includes a 6.0% per annum daily index deduction plus a daily notional financing cost on the QQQ exposure.
The notes have a $1,000 minimum denomination, monthly review dates, and a contingent interest rate of at least 8.25% per annum, payable monthly if the Index is at or above an interest barrier set at 85% of the Initial Value95% of the Initial Value on certain review dates, returning principal plus due interest.
At maturity in early 2029, if the notes have not been called and the Index is at or above the 85% buffer threshold, investors receive principal plus applicable contingent interest; if it is below that level, repayment is reduced according to the Index loss beyond a 15% buffer, and investors can lose some or most of their principal. The estimated value at pricing will not be less than $900 per $1,000 note, and payments are subject to the credit risk of the issuer and guarantor, along with multiple structural and index-related risks.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped structured notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices, maturing on January 31, 2030.
For each $1,000 note, investors receive full principal at maturity plus an Additional Amount equal to $1,000 × the least performing index return × a 150% participation rate, subject to a maximum of at least $252.50 (a maximum return of at least 25.25%). If any index finishes at or below its initial level, only the $1,000 principal is paid at maturity.
The notes pay no interest, provide no dividends from index constituents and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities. The estimated value is about $945 per $1,000 at issuance and will not be less than $900, reflecting selling commissions, hedging costs and the issuer’s internal funding rate, and investors bear the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering unsecured Yield Notes linked to the lesser performing of the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay at least 7.05% per annum, with semiannual interest of at least $35.25 per $1,000 on three scheduled dates through the July 8, 2027 maturity.
At maturity, investors receive full principal plus the final interest payment only if each index has not fallen more than the 20% buffer from its strike level. If either index is down more than 20%, principal is reduced by 1.25% for every 1% decline beyond the buffer, so some or all principal may be lost. The indicative estimated value is about $991.70 per $1,000 note and will not be less than $980.00, reflecting selling costs and hedging. The notes are not listed, expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and do not pay any dividends from the underlying indices.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the S&P 500® Index, maturing May 5, 2027. The notes provide 2.00 times any positive Index performance at maturity, subject to a maximum return between 9.75% and 13.75% per $1,000 note. A 10.00% downside buffer protects principal against moderate Index declines, but if the Index falls by more than 10.00%, investors lose 1% of principal for each additional 1% drop, up to a 90.00% loss. The notes pay no interest or dividends, are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed on any exchange. A preliminary example estimated value is $973.60 per $1,000 note, and the final estimated value will not be less than $900.00.