JPMorgan Chase & Co. director activity shows a routine change in stock-based compensation. On 12/31/2025, a director acquired 139.6561 shares of common stock at $322.22 per share, identified as an "A (1)" transaction. After this, the director beneficially owned 28,534.8572 shares directly. The filing also reports 124,155 shares of common stock held indirectly through The GWL Living Trust. A footnote explains the transaction as a deferral of a quarterly retainer, which will be paid in common stock after the director’s service ends.
JPMorgan Chase & Co. director reports deferred stock compensation. A company director filed a report of a transaction dated 12/31/2025 showing acquisition of 174.5702 shares of JPMorgan Chase & Co. common stock at a price of $322.22 per share. The filing explains this represents a deferral of the director’s quarterly retainer, which will be paid in common stock following termination of service as a director.
After this transaction, the director beneficially owns 205,550.3435 shares directly and 55,245 shares indirectly through a Grantor Retained Annuity Trust. The filing notes that 19,755 shares were previously transferred from the trust to the grantor on 10/15/2025 under the trust’s terms, in a transaction described as exempt from Section 16 pursuant to Rule 16a-13.
JPMorgan Chase Financial Company LLC is offering $1.689 million of Capped Buffered Equity Notes linked to the Class C capital stock of Alphabet Inc. (GOOG), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note in $1,000 minimums, with estimated value of $959.30 per $1,000 at issuance and scheduled maturity on January 5, 2029.
The payoff depends on Alphabet’s share price on January 2, 2029. If the stock is above the initial level of $314.55, holders receive principal plus stock-linked upside, capped at a 75.00% maximum return (maximum payment $1,750 per $1,000 note). If the stock is flat or down by up to the 15.00% buffer, principal is returned.
If Alphabet falls by more than the buffer, investors lose 1% of principal for each 1% decline beyond 15%, for a potential loss of up to 85.00% of principal. The notes pay no interest, provide no dividends or stockholder rights, are unsecured and unsubordinated, and are not listed, so any secondary market would be limited and at prices likely below the original issue price.
JPMorgan Chase Financial Company LLC is offering $1,030,000 of Callable Contingent Interest Notes linked to the worst performer of three ETFs: the State Street Energy Select Sector SPDR ETF, the iShares Russell 2000 ETF and the State Street SPDR S&P Regional Banking ETF. The notes pay a contingent interest rate of 10.00% per annum (2.50% per quarter) if, on a Review Date, each ETF is at or above 70% of its Initial Value; missed coupons can be paid later if the condition is met.
The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and may be redeemed early at the issuer’s option on specified interest payment dates, starting July 6, 2026. If held to the January 5, 2029 maturity and any ETF finishes below 60% of its Initial Value, investors lose 1% of principal for each 1% decline in the least performing ETF and could lose their entire investment. The issue price is $1,000 per note, including $18.50 of fees and commissions, while the estimated value at pricing was $963.30.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $5,010,000 of unsecured review notes linked to the worst performer of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing January 5, 2029. The notes may be automatically called as early as January 4, 2027 if all three indices are at or above their initial levels, paying back $1,000 plus a call premium that starts at 13.20% and steps up to 39.60% by the final review date.
If the notes are not called, investors receive full principal at maturity only if the worst-performing index has not fallen by more than the 15% buffer; beyond that, losses match the decline in the least performing index beyond 15%, up to a maximum 85% loss of principal. The notes pay no interest, provide no dividends, are not exchange-listed, and are subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, while the estimated value at issuance is $984.40, reflecting selling commissions, hedging costs and structuring margins.
JPMorgan Chase Financial Company LLC is offering $5,010,000 of unsecured Review Notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as January 4, 2027 if each index is at or above its Call Value, paying $1,000 plus a call premium of up to 39.60% by the final review date.
At maturity on January 5, 2029, if the notes have not been called and the worst-performing index has fallen by more than the 15% buffer, investors lose 1% of principal for each 1% decline beyond that level, up to an 85% loss of principal. The notes pay no interest, provide no dividends, are not exchange-listed and expose investors to the credit risk of both the issuer and guarantor.
The price to the public is $1,000 per note, including $6 in selling commissions, while the issuer’s estimated value is $984.40 per $1,000, reflecting embedded costs and hedging assumptions.
JPMorgan Chase Financial Company LLC is offering $5,010,000 of unsecured, index-linked Review Notes due January 5, 2029, fully guaranteed by JPMorgan Chase & Co. The notes are tied separately to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index and can be automatically called as early as January 4, 2027 if each index is at or above 100% of its initial level. If called, investors receive $1,000 plus a call premium that starts at 13.20% of principal on the first Review Date and rises to 39.60% on the final Review Date. At maturity, if not called and no index has fallen by more than the 15% buffer, investors receive their principal; if any index is down more than 15%, repayment is reduced based on the least performing index and investors can lose up to 85% of principal. The issue price is $1,000 per note, with dealer commissions of $6 and an estimated fair value of $984.40 per note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the lesser performer of the S&P 500 Index and the Russell 2000 Index, maturing on January 22, 2030. These notes give up interest and dividends in exchange for equity-linked upside and carry substantial downside risk.
At maturity, if both indices are at or above their initial levels, investors receive their principal plus the greater of a contingent digital return of at least 43.25% or the actual return of the weaker index. If either index is below its initial level but both stay at or above 75% of their initial values, principal is returned. If either index finishes below 75% of its initial value, repayment is reduced one-for-one with the loss on the weaker index, and all principal can be lost.
The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is approximately $975.90 per $1,000 note and will not be less than $950.00 when finalized.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking monthly contingent interest if the Index closes at or above 70% of its Initial Value on a Review Date, with automatic call possible from April 6, 2026 if the Index is at or above the Initial Value.
The notes do not guarantee principal or interest. If they are not called and the Final Value is below the Trigger Value (70% of the Initial Value), investors lose 1% of principal for each 1% Index decline, down to a zero repayment. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and may cause the Index to trail a similar index without these charges.
The estimated value is approximately $931.90 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions, hedging costs and an internal funding rate. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange and may be illiquid.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the S&P 500 ae Futures Excess Return Index, maturing on January 16, 2031. The notes provide at least 1.8975x any positive Index performance at maturity, with no cap on upside.
If the Index on the observation date is at or above 75% of its initial level, investors receive at least their principal, and if it is higher than the initial level they receive leveraged gains. If the Index finishes below the 75% barrier, repayment is reduced one-for-one with the Index decline, and investors can lose some or all of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan entities, and will not be listed on an exchange. The estimated value is illustrated at about $946 per $1,000 note, and will not be less than $920 per $1,000 note when set, reflecting selling costs and hedging economics.