JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index, maturing on February 4, 2031. The notes can pay a Contingent Interest Rate of at least 13.50% per annum, or at least 3.375% per quarter, for each Review Date where the Index closes at or above 60.00% of the Initial Value.
The notes are automatically called, starting July 30, 2026, if on any Review Date other than the first and final the Index closes at or above the Initial Value, returning $1,000 per note plus the applicable contingent interest, with no further payments. If held to maturity and not called, investors receive $1,000 plus the final contingent interest only if the Final Value is at least 60.00% of the Initial Value; otherwise, repayment is reduced one-for-one with the Index loss, and investors can lose more than 40% or all of their principal.
The Index uses leveraged exposure (up to 500%) to E-mini Russell 2000 futures and includes a 6.0% per annum daily deduction, which creates a continual drag on performance. The notes have a minimum denomination of $1,000, are unsecured, will not be listed, and their value is sensitive to the issuer’s and guarantor’s credit. If priced today, the estimated value would be about $928.60 per $1,000, and at issuance it will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers auto callable contingent interest notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50, maturing on January 11, 2029. The notes may pay monthly contingent interest of at least 9.50% per annum (about $7.9167 per $1,000 per month) when, on a Review Date, each index closes at or above 70% of its initial level.
The notes can be automatically called as early as July 7, 2026 if, on a Review Date (other than the first five and final), each index is at or above its initial level, returning $1,000 plus that period’s interest. If not called and any index finishes below its 70% Trigger Value at maturity, repayment is reduced one-for-one with the decline of the worst index, and investors can lose more than 30% and up to all principal. The notes are unsecured, not FDIC insured, and an initial estimated value of about $971.80 per $1,000 is indicated, with a minimum final estimated value of $900.00 per $1,000.
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 February 1, 2029. The notes can pay a quarterly contingent interest rate of at least 10.50% per annum (at least 2.625% per quarter) if on a Review Date the Index closes at or above 60.00% of its Initial Value.
The notes are automatically called, starting July 27, 2026, if on any non-first, non-final Review Date the Index is at or above its Initial Value, returning principal plus the applicable contingent interest, with no further payments. If held to maturity and the Final Value is at or above the 60.00% Trigger Value, investors receive principal plus the final contingent interest; if below, repayment is reduced 1:1 with the Index decline, with the possibility of losing most or all principal.
The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on QQQ exposure, which drag performance and can cause the Index to lag a similar index without such charges. The notes are unsecured, rank pari passu with other unsecured debt of the issuer and guarantor, will not be listed, and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC is offering capped buffered enhanced participation equity notes linked to the S&P 500® Index, maturing on January 7, 2028. The notes pay no interest and repayment of principal is not guaranteed.
At maturity, for each $1,000 note, investors receive a cash amount based on the S&P 500 performance from the trade date (on or about January 5, 2026) to January 5, 2028. If the index rises, investors participate at a 1.50x upside rate but returns are capped, with the maximum settlement amount expected between $1,184.65 and $1,216.75. If the index falls by up to 10%, principal is returned. Below a 10% decline, losses are leveraged: each additional 1% drop beyond the buffer reduces principal by approximately 1.1111%, and investors could lose their entire investment.
The estimated value at issuance is expected between $966.10 and $976.10 per $1,000 due to selling commissions, projected hedging profits or losses and hedging costs. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on any exchange, and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $900,000 of auto callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, maturing in July 2027. The notes pay a monthly Contingent Interest Payment at a rate of 10.50% per annum (0.875% per month) only if, on a Review Date, each index is at or above 70% of its Initial Value. Starting in March 2026, the notes are automatically called if each index is at or above its Initial Value, returning $1,000 per note plus the applicable interest, with no further payments.
If the notes are not called and any index finishes below its Trigger Value (also 70% of Initial Value) on the final Review Date, principal is reduced 1% for each 1% decline of the least performing index, potentially down to zero. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an original issue price of $1,000 per note with dealer compensation of $6 per note, and an estimated value of $980.20 per note at pricing.
JPMorgan Chase Financial Company LLC is offering $256,000 of auto callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 7.60% per year (1.90% quarterly) only when the closing level of each index on a review date is at or above 80% of its initial value. Starting June 26, 2026, the notes are automatically called, returning $1,000 per note plus that period’s interest, if all three indices are at or above their initial values.
If the notes are not called and any index finishes below its 70% trigger level at maturity, investors lose principal in line with the decline of the worst-performing index and could lose their entire investment. The notes are unsecured obligations subject to JPMorgan credit risk, are not listed, and have an estimated value of $950.10 per $1,000 note, below the $1,000 issue price due to selling costs and hedging-related factors.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 5, 2029 and may be automatically called as early as December 30, 2026 if the closing level of each index on a Review Date (other than the first three and final Review Dates) is at least its Initial Value.
On each Review Date, a Contingent Interest Payment is made only if every index closes at or above 70% of its Initial Value; the indicative Contingent Interest Rate is at least 8.05% per annum, paid quarterly. If the notes are not called and, at maturity, the least performing index is at or above 65% of its Initial Value, investors receive full principal back (plus any final contingent interest). If it is below 65%, repayment is reduced 1% for each 1% decline, with the potential for full principal loss.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., pay no dividends on underlying stocks, and will not be listed on an exchange. The estimated value is lower than the $1,000 issue price (illustratively about $967.50, and not less than $932.40 per $1,000), reflecting selling costs, hedging and structuring. The tax discussion contemplates treatment as prepaid forward contracts with contingent coupons and highlights potential U.S. withholding on payments to non-U.S. holders.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on a Review Date only if the Index closing level is at least 50.00% of the Initial Value, and they are automatically called if, on any applicable Review Date starting February 1, 2027, the Index is at or above the Initial Value.
If the notes are not called and the Final Value is below the Trigger Value, set at 50.00% of the Initial Value, investors lose 1% of principal for each 1% Index decline, up to a total loss of principal. The hypothetical Contingent Interest Rate is 10.50% per annum, and if priced today the estimated value would be approximately $921.40 per $1,000 note, with a minimum estimated value of $900.00 per $1,000 note when set. The Index includes a 6.0% per annum daily deduction, which drags on performance, and investors are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with no FDIC insurance and no rights to underlying dividends.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing in February 2031. The notes can be automatically called starting in July 2026 if the Index closes at or above its Initial Value on specified review dates.
Holders may receive a contingent interest rate of at least 13.50% per annum, paid quarterly only when the Index is at or above 60% of its Initial Value on a review date. Principal is at risk: if the notes are not called and the Index ends below 60% of its Initial Value at maturity, repayment is reduced 1% for each 1% decline and can fall to zero.
The Index is a leveraged, rules-based strategy on E-mini S&P 500 futures with exposure between 0% and 500% and includes a 6.0% per annum daily deduction, which creates a persistent drag on performance. The preliminary estimated value is about $928.60 per $1,000 note and will not be less than $900.00 at pricing. The notes are unsecured, not bank deposits and are not FDIC insured, and secondary market liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Small-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on January 30, 2031. Investors may receive a Contingent Interest Payment on each Review Date only if the Index closes at or above 60.00% of its Initial Value, and the notes are automatically called if, on any Review Date other than the first and final, the Index closes at or above the Initial Value, with the earliest call date on July 27, 2026.
The hypothetical Contingent Interest Rate is 11.25% per annum, but interest is not guaranteed and investors can lose some or all principal if the Final Value is below the 60.00% Trigger Value. The underlying Index uses leveraged exposure (up to 500%) to E-mini Russell 2000 futures, targets 35% implied volatility and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The indicative estimated value is approximately $902.50 per $1,000 note, and the notes will not be listed on any exchange and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.