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.
JPMorgan Chase Financial Company LLC is offering auto callable notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for investors seeking potential early redemption at a premium if the Index closes at or above preset call levels on annual review dates starting January 29, 2027.
The notes pay no interest. If automatically called, investors receive $1,000 plus a call premium of at least 8.25% to 33.00% of principal, depending on the call year. If not called, at maturity on January 30, 2031 investors receive $1,000 plus an additional amount equal to the Index return times a 100% participation rate, but not less than zero, providing full principal repayment at maturity subject to issuer and guarantor credit risk.
The underlying Index is a rules-based, multi-asset futures strategy with a 1.00% per annum daily deduction and targeted 4% volatility, and may take long and short positions across equity, bond and commodity futures. The estimated value, if priced today, is $940.60 per $1,000 note and will not be less than $900.00 at pricing. The notes are unsecured, unlisted, may be illiquid, and face significant risks including credit risk, complex index behavior, potential issuer discretion after a commodity hedging disruption event, and contingent payment debt tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Index, maturing on February 4, 2031. These structured notes provide at least 1.035 times any positive Index return at maturity, with a barrier set at 75% of the initial Index level.
If the Index is above the initial level at maturity, investors receive $1,000 plus the leveraged gain. If the Index is at or above the 75% barrier but not higher than the initial level, investors receive only their $1,000 principal. If the Index finishes below the barrier, repayment falls one-for-one with the Index decline, and investors can lose most or all of their principal.
The notes pay no interest, pass through no dividends on S&P 500® stocks, and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on an exchange, and secondary prices are expected to be below the $1,000 issue price. If priced today, the estimated value would be about $975.10 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.
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 Small-Cap Vol Advantage Index. The index uses a rules-based strategy on E-Mini Russell 2000 futures with exposure between 0% and 500% and embeds a 6.0% per annum daily deduction.
The notes have quarterly review dates and can be automatically called if, on any review date other than the first and final, the index closes at or above its initial value, paying $1,000 per note plus any contingent interest. They pay a contingent interest rate of at least 11.25% per annum, or at least 2.8125% per quarter, only when the index is at or above 60.00% of its initial value. If the notes are not called and the final index value is at or above 60.00% of the initial value, investors receive $1,000 per note plus the final contingent interest payment.
If the notes are not called and the final index value is below 60.00% of the initial value, repayment is reduced by 1% for every 1% decline in the index, leading to losses greater than 40% and potentially a total loss of principal. The estimated value at pricing will not be less than $900 per $1,000 note, and all payments are subject to the credit risks of the issuer and guarantor.
JPMorgan Chase & Co director reports deferred stock award
A director of JPMorgan Chase & Co deferred a portion of their quarterly board retainer into company equity. On 12/31/2025, the director acquired 112.6694 shares of JPMorgan Chase common stock at a price of $322.22 per share, recorded as an acquisition rather than an open-market purchase.
After this transaction, the director beneficially owned a total of 13,726.3592 shares of JPMorgan Chase common stock, held directly. The filing explains that the award represents a deferral of the quarterly retainer that will be payable in common stock following the director’s termination of service.
JPMorgan Chase & Co. director reports deferred stock retainer
A director of JPMorgan Chase & Co. reported a Form 4 transaction dated 12/31/2025 involving company common stock. The filing shows an acquisition coded as “A(1),” with the footnote explaining this represents a deferral of the director’s quarterly cash retainer, which will be paid in common stock after the director’s service ends.
Following this transaction, the director beneficially owns 12,292.522 shares of JPMorgan Chase common stock held directly and 45 shares held indirectly through a spouse. The transaction reflects compensation taken in equity rather than cash, increasing the director’s reported ownership stake in the company.