JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, maturing on July 9, 2027. The notes pay a monthly contingent coupon of at least 8.05% per annum if on a review date each index is at or above 75% of its initial level. If on any review date from April 6, 2026 (excluding the first, second and final dates) all three indices are at or above their initial levels, the notes are automatically called and repay $1,000 plus that month’s coupon.
If the notes are not called and on the final review date any index closes below 70% of its initial level, repayment of principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose most or all of their investment. Interest is not guaranteed, the notes are unsecured and unsubordinated, subject to the credit risk of both issuers, and are not listed, so liquidity may be limited. The indicative estimated value is about $966.30 per $1,000 note, and the final estimated value will not be less than $900.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable yield notes linked to the worst performer among Lyft Class A, American Airlines common stock and AppLovin Class A, maturing on December 31, 2026. The notes pay at least 23.00% per annum, credited monthly at a rate of at least 1.91667% per $1,000, as long as the notes remain outstanding.
The notes are automatically called, starting March 26, 2026, if on any Review Date (other than the final one) the closing price of one share of each stock is at or above its Initial Value; in that case investors receive $1,000 plus the applicable interest and no further payments. If not called and on the final Review Date each stock is at or above its Trigger Value (50% of its Initial Value), investors receive $1,000 plus the final interest payment. If any stock finishes below its Trigger Value, principal is reduced one-for-one with the decline of the worst-performing stock, and investors can lose more than 50% or even all of their principal. The notes are unsecured, not FDIC insured, may be illiquid, and have an estimated value per $1,000 of about $960.00 today and not less than $940.00 at pricing.
JPMorgan Chase Financial Company LLC is offering $4,912,000 of Callable Contingent Interest Notes linked to the worst performer among three State Street SPDR ETFs: S&P Homebuilders (XHB), Consumer Discretionary Select Sector (XLY) and S&P Regional Banking (KRE). The notes pay a contingent quarterly coupon of $27.875 per $1,000 (an 11.15% annual rate) only if, on a review date, each ETF closes at or above 70% of its initial price; missed coupons can be paid later if the barrier is met.
The notes are callable at the issuer’s option on any interest payment date from June 26, 2026 (except the first and final dates) and mature on December 29, 2028. If held to maturity and none of the ETFs finishes below 60% of its initial value, investors receive full principal plus any due contingent interest. If any ETF ends below 60%, repayment is reduced in line with the worst-performing fund, and all principal can be lost. The notes are unsecured obligations guaranteed by JPMorgan Chase & Co., are not bank deposits or FDIC insured, and may have limited or no secondary market value. The estimated value at pricing was $966.20 per $1,000.
JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to provide unleveraged upside exposure to index gains, with a Maximum Upside Return of at least 24.75%, and to pay the absolute value of index losses up to a 10.00% buffer.
If the index falls by more than 10.00%, investors lose 1% of principal for each additional 1% decline, up to a 90.00% loss of principal at maturity. The notes pay no interest, pass through no dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced today, the estimated value would be about $985.60 per $1,000 note, and at issuance it will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $2,007,000 of market-linked notes tied to the ordinary shares of ASML Holding NV, maturing December 29, 2028. Each security has a $1,000 principal amount and pays a contingent coupon at an annual rate of 12.15%, but only if ASML’s stock closes on the quarterly calculation day at or above a threshold price of $690.196 (65% of the $1,061.84 starting price). If on any calculation day from March 2026 to September 2028 the stock closes at or above the starting price, the notes are automatically called and investors receive $1,000 plus the final coupon, ending all further payments.
If the notes are not called, principal repayment at maturity depends on ASML’s final stock price. If the ending price is at or above the threshold, investors receive $1,000 per note; if it is below, principal is reduced one-for-one with the stock decline and investors can lose most or all of their investment. The price to the public is $1,000 per note, with an estimated value of $952.80, reflecting selling commissions and hedging and structuring costs.
JPMorgan Chase Financial Company LLC is offering $2.375 million of Capped Dual Directional Buffered Equity Notes linked to the lesser performer of the Nasdaq-100 Index® and the S&P 500® Index, maturing on January 27, 2027 and fully guaranteed by JPMorgan Chase & Co.
The notes provide unleveraged exposure to index moves, with a Maximum Upside Return of 19.30% (maximum payment of $1,193 per $1,000 note) if the lesser performing index finishes above its initial level. If the lesser performer is flat or down by up to the 10.00% Buffer Amount, investors receive a positive return equal to the absolute decline, capped at $1,100 per $1,000 note.
If either index falls by more than 10%, principal is reduced 1% for each additional 1% decline in the lesser performer, up to a 90.00% loss of principal. The notes pay no interest or dividends, are unsecured and unsubordinated obligations, and are expected to settle on or about December 26, 2025. The price to public is $1,000 per note, with an estimated value of $986.70, and the notes are not listed on any exchange, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering $2,494,000 of callable contingent interest notes linked to the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the State Street SPDR S&P Regional Banking ETF, fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at an annual rate of 11.70% (0.975% monthly) only if, on each review date, the closing value of every underlying is at or above 70% of its initial level.
The issuer can redeem the notes early on certain interest payment dates starting March 26, 2026, returning principal plus the applicable contingent interest, after which no further payments are made. If held to maturity and any underlying finishes below 60% of its initial level, repayment of principal is reduced one‑for‑one with the decline in the worst performer, and investors can lose most or all of their investment.
The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $972.70 per $1,000 note, below the $1,000 issue price, reflecting selling costs, structuring and hedging assumptions.
JPMorgan Chase Financial Company LLC is issuing $3,499,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, due December 27, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 10.00% per annum (0.83333% per month) for any Review Date on which the Index closes at or above 75.00% of the Initial Value, with previously unpaid interest amounts catching up on later qualifying dates. Starting December 23, 2026, the notes are automatically called if the Index is at or above the Initial Value, returning $1,000 per note plus applicable interest.
If the notes are not called and the Final Value is below the 85.00% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15.00% buffer, up to an 85.00% loss. The Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes are unsecured, not bank deposits, and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. Price to public is $1,000 per note, with proceeds to issuer of $958.50 per note and an estimated value of $909.10.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,442,000 of Auto Callable Buffered Equity Notes linked to the S&P 500® Futures Excess Return Index, maturing December 27, 2030. Each note has a $1,000 denomination and may be automatically called on December 23, 2027 if the Index is at or above a specified Call Value, paying $1,000 plus a $230 call premium.
If not called and the Index is above its initial level at maturity, investors receive $1,000 plus the full Index gain. If the Index is flat or down by up to the 10% buffer, investors receive principal only. Below that buffer, principal is reduced 1% for each additional 1% Index loss, with up to 90% of principal at risk.
The notes pay no interest, are unsecured and unsubordinated, and expose holders to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $37.50 in fees and commissions; the issuer’s estimated value is $946.30, reflecting selling, structuring and hedging costs. The notes will not be listed, so secondary market liquidity and prices may be limited.
JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is issuing $3,982,000 of auto callable contingent interest notes linked separately to the Nasdaq-100 Index®, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing on December 29, 2028. The notes pay a monthly contingent coupon at a rate of 8.85% per annum (0.7375% per month) only when each underlying closes at or above 70% of its initial value, and missed coupons can be caught up when this condition is later met.
The notes may be automatically called as early as June 23, 2026 if, on a review date (other than the first five and final), each underlying is at or above its initial value, in which case investors receive principal plus the applicable coupon and any unpaid coupons. If the notes are not called and any underlying finishes below 60% of its initial value at maturity, investors lose principal in line with the decline of the worst performer and could lose their entire investment. The price to the public is $1,000 per note, including $29.50 in fees, with issuer proceeds of $970.50 per note and an estimated value of $961.60.