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 run to February 2, 2029 and can be automatically called as early as July 30, 2026 if the Index is at or above its Initial Value on a review date. Investors may receive contingent interest only when the Index closes at or above 60% of its Initial Value, and they risk losing a significant portion or all of their principal if, at maturity, the Index finishes below this trigger level. The Index itself includes a 6.0% per annum daily deduction and can employ leverage up to 500% exposure to E-mini S&P 500 futures, which can magnify volatility and downside. The notes are unsecured obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., are not bank deposits, and are expected to be sold in $1,000 minimum denominations.
JPMorgan Chase Financial Company LLC is offering unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as February 3, 2027 if the Index closes at or above the Call Value, paying back principal plus a Call Premium Amount of at least 20.50% of the $1,000 denomination, rising by Review Date up to at least 102.50%.
The notes do not pay interest and provide no dividends from the Invesco QQQ Trust. At maturity, if not called, principal is protected only within a 30.00% buffer; if the Index falls more than 30.00% from its initial level, investors lose 1% of principal for each additional 1% decline, up to a 70.00% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which will drag on performance.
Credit risk comes from both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value of the notes, if priced on the indicated terms, would be approximately $942.00 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling costs, hedging assumptions and an internal funding rate.
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., and scheduled to mature on January 30, 2031. The notes seek monthly contingent interest at a rate of at least 10.00% per annum whenever the Index closes at or above 75.00% of its Initial Value, but may pay no interest if the Index stays below this barrier.
The notes can be automatically called starting January 27, 2027 if, on specified Review Dates, the Index closes at or above its Initial Value, returning $1,000 per note plus the applicable interest and ending further payments. If not called and at maturity the Index is below a 70.00% Buffer Threshold, investors lose 1% of principal for each 1% drop beyond a 30.00% buffer, up to a 70.00% loss of principal.
The Index uses a rules-based, leveraged exposure (up to 500%) to the Invesco QQQ Trust with a 35% target volatility, reduced daily by a 6.0% per annum deduction and a notional financing cost, which can significantly drag performance. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., may be hard to sell, and have an estimated value of about $913.00 per $1,000 note at launch, not less than $900.00.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering principal-at-risk market-linked securities tied to the worst performer among three State Street sector ETFs: Energy Select Sector SPDR (XLE), Health Care Select Sector SPDR (XLV) and Financial Select Sector SPDR (XLF), maturing on January 5, 2029.
Each security has a $1,000 principal amount, a price to public of $1,000.00, selling fees of $23.25 and proceeds to the issuer of $976.75 per security. Investors may receive quarterly contingent coupons at a per annum rate of at least 9.35% if the lowest-performing ETF on each calculation day closes at or above 75% of its starting price; otherwise no coupon is paid. From June 2026 through October 2028, the notes are automatically called if the lowest-performing ETF is at or above its starting price, in which case investors receive principal plus a final coupon.
If the notes are not called and, on the final calculation day, the lowest-performing ETF is below its 75% threshold, the maturity payment is reduced in proportion to that ETF’s loss, and investors can lose more than 25% and up to all of principal. The securities are unsecured, not bank deposits and not FDIC insured. The estimated value is about $948.00 per security today and will not be less than $910.00 per security when finalized, reflecting internal funding and hedging costs.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on January 5, 2029, with a potential automatic call on January 5, 2027 if the Index closes at or above a specified Call Value.
If the notes are automatically called, investors receive $1,000 plus a Call Premium Amount of at least $100 per note and no further payments. If not called and the Index rises, holders receive an uncapped payoff equal to $1,000 plus 2.00 times any positive Index return. If the Index is flat or down but at or above 70.00% of the Initial Value at maturity, principal is returned.
If the Final Value falls below 70.00% of the Initial Value, investors lose 1% of principal for each 1% Index decline and could lose their entire investment. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, and may have limited or no secondary market liquidity. The estimated value is lower than the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering $2,700,000 of Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury Rate, fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes pay quarterly interest at a variable rate based on a 9.65% per annum Interest Factor, but only for days when the Reference Rate is less than or equal to a 4.50% barrier; on days above that level, no interest accrues, so some periods may pay little or no interest.
The Notes have a 6.5-year term, maturing on June 29, 2032, but JPMorgan Financial may redeem them in whole on quarterly Redemption Dates starting December 29, 2026, returning principal plus accrued interest, after which no further payments are made. Each Note has a $1,000 principal amount and issue price, with $25 per Note in selling commissions and $975 in proceeds to the issuer; the estimated value at pricing was $968.40 per $1,000. Principal repayment depends on holding to call or maturity and on the credit of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering 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 may be called early if on any Review Date each index closes at or above 100.00% of its Initial Value, paying $1,000 plus a call premium of at least 13.20% to 39.60% of principal, depending on the call date.
If not called, a 15.00% downside buffer applies; beyond that, repayment is reduced in line with the Least Performing Index and investors can lose up to 85.00% of principal. The notes pay no interest, provide no dividends, are not bank deposits, and may be hard to sell. The preliminary estimated value is approximately $985.30 per $1,000 note and will not be less than $900.00 when finalized, reflecting built-in selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable range accrual notes linked to the 10-Year Constant Maturity U.S. Treasury rate, maturing on January 2, 2036. The notes pay a fixed 8.00% per annum during the initial interest periods through January 2, 2027. After that, interest for each period ranges from 0.00% to 8.00% per annum and depends on how many days the 10-Year CMT Rate is at or below 5.00%.
The issuer may redeem the notes quarterly, on the 2nd of January, April, July and October, starting January 2, 2027, at 100% of principal plus accrued interest, which can limit upside if called when market rates are low. If the notes priced on the example date, the estimated value would be about $952.90 per $1,000 note and will not be less than $940.00 when finally set. The notes are unsecured obligations, not bank deposits, and are not insured by the FDIC.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 12, 2029 and can be redeemed early, in whole, on any interest payment date starting July 14, 2026.
Investors may receive quarterly contingent interest only if the closing level of each index on a review date is at least 60% of its initial value (the Interest Barrier). Principal is at risk: if, at final valuation, any index is below its 60% Trigger Value and the notes were not called, repayment is reduced 1% for each 1% decline of the least performing index, potentially to zero. The hypothetical contingent interest rate is shown as 8.05% per annum, and the estimated value is indicated at about $961.20 today and not less than $930 per $1,000 at pricing, both below issue price, reflecting selling costs and hedging.
JPMorgan Chase Financial Company LLC is offering $13,000,000 of Auto Callable Contingent Interest Notes linked to the least performing of the S&P 500® Equal Weight Index, the Nasdaq-100 Index® and the EURO STOXX 50® Index, maturing on September 28, 2027. The notes pay a quarterly Contingent Interest Payment of $23.75 per $1,000 (a 9.50% per annum rate) only if, on a Review Date, the closing level of each Index is at or above 70.00% of its Strike Value, and they may be automatically called as early as March 23, 2026 if each Index is at or above its Strike Value.
If the notes are not called and, on the final Review Date, the Final Value of each Index is at or above 65.00% of its Strike Value, investors receive their $1,000 principal plus any final Contingent Interest Payment. If any Index closes below 65.00% of its Strike Value on the final Review Date, repayment of principal is reduced one-for-one with the decline in the Least Performing Index, and investors can lose more than 35% and up to all of their principal. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on any exchange, and had an estimated value at pricing of $985.80 per $1,000 note.