JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,288,000 of callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing November 29, 2027.
The notes pay a contingent coupon at a rate of 9.45% per annum (0.7875% monthly) only if on a Review Date each index closes at or above 70% of its Initial Value, and they may be redeemed early at the issuer’s option on specified interest payment dates starting March 26, 2026.
If held to maturity and none of the indices finishes below 60% of its Initial Value, investors receive full principal back plus any final contingent interest; otherwise repayment is reduced in proportion to the decline of the worst-performing index, with the possibility of losing all principal.
The notes are unsecured, not FDIC insured, will not be listed on any exchange, have an original issue price of $1,000, estimated value of $977.10 per note and involve market, sector, small-cap, non-U.S. equity, liquidity, credit and tax risks.
JPMorgan Chase Financial Company LLC is offering $4,038,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations, priced at $1,000 per note with selling commissions of $41.50 and issuer proceeds of $958.50 per note.
The notes can be automatically called as early as December 28, 2026 if the Index closes at or above the Call Value on a Review Date, paying $1,000 plus a fixed Call Premium Amount that starts at 16.500% of principal and steps up to 82.500% on the final Review Date. If not called and the Index’s Final Value is down by more than the 15.00% buffer, investors lose 1% of principal for each 1% drop beyond the buffer, up to an 85.00% loss at maturity.
The Index dynamically adjusts exposure to the Invesco QQQ TrustSM, Series 1, with a maximum 500% exposure and a target implied volatility of 35%, but its performance is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, causing it to lag a similar index without these charges. The estimated value of the notes at pricing was $904.90 per $1,000, and the notes pay no interest, are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional buffered return enhanced notes linked to the lesser performing of Amazon.com common stock and Taiwan Semiconductor Manufacturing Company ADSs, maturing on January 3, 2028.
The notes may be automatically called on December 29, 2026 if each stock closes at or above its Call Value, paying back principal plus a Call Premium of at least $120 per $1,000 on January 4, 2027. If not called and both final stock prices are above their initial values, investors receive an uncapped 2x leveraged gain on the lesser performer. If both are at or down by up to the 30% buffer, the payoff reflects the absolute move of the lesser performer, capped at a 30% gain.
If either stock falls by more than 30%, principal is reduced beyond the buffer, with up to 70% loss at maturity. The notes pay no interest, provide no dividends or shareholder rights, are unsecured, not listed, and subject to the credit risk of the issuer and guarantor. The estimated value is about $970 per $1,000 note and will not be less than $950 at pricing.
JPMorgan Chase Financial Company LLC is issuing structured Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a total offering size of $649,000 and denominations of $1,000 per note, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at a rate of 13.75% per annum (1.14583% per month) only when the Index closes at or above 60% of its Initial Value on a given review date, and they can be automatically called starting in December 2026 if the Index is at or above its Initial Value.
The notes mature in December 2030 and return principal in full only if, at maturity, the Index is at or above the 60% trigger level; below that, repayment is reduced one-for-one with the Index decline, potentially to zero. The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which creates a persistent drag versus an equivalent index without such a fee.
The price to public is $1,000 per note, including selling commissions of $9, while the issuer’s estimated value is $930.80 per note, reflecting embedded structuring and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $999,000 of auto callable contingent interest notes linked to the common stock of Blackstone Inc. The notes pay a Contingent Interest Rate of 11.00% per annum, or $27.50 per $1,000 each quarter, but only if Blackstone’s closing price on a Review Date is at or above the Interest Barrier of 60.00% of the Initial Value ($93.096).
The notes may be automatically called starting June 23, 2026 if Blackstone’s price on a Review Date (other than the first and final) is at least the Initial Value of $155.16, in which case investors receive $1,000 plus the applicable contingent interest and no further payments. If the notes are not called and the Final Value is below the Trigger Value (60.00% of the Initial Value), repayment of principal is reduced 1% for each 1% decline, with the potential for a total loss of principal.
The price to the public is $1,000 per note, including $18.50 in fees and commissions, for proceeds to the issuer of $981.50 per note. The estimated value was $968.40 per $1,000 when terms were set, reflecting selling costs and hedging. The notes are unsecured, unsubordinated obligations, will not be listed on an exchange, and carry liquidity, market, credit and tax risks highlighted in the risk disclosures.
JPMorgan Chase Financial Company LLC is offering $750,000 of auto callable contingent interest notes linked to the Nasdaq-100®, Russell 2000® and S&P 500® indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 6.40% per annum (0.53333% per month) only for review dates when the closing level of each index is at least 70% of its initial value.
The notes may be automatically called on quarterly review dates from March 23, 2026 onward if each index is at or above its initial value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments. If the notes are not called and, on the final review date, any index finishes below its 70% trigger value, principal is reduced 1% for each 1% decline of the least performing index, potentially to zero.
The price to public is $1,000 per note, including $22.25 in selling commissions, while the estimated value at pricing was $964.90, reflecting embedded costs and hedging. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., offer no dividend rights, are not listed on an exchange, and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC is issuing auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully guaranteed by JPMorgan Chase & Co. The total offering is $985,000, in minimum denominations of $1,000 per note, maturing on November 29, 2028, and callable as early as June 23, 2026.
The notes pay a contingent interest rate of 8.60% per annum for any Review Date on which the Index is at or above 70% of its Initial Value. Principal is protected only by a 20% buffer: if the Final Index Value falls more than 20% below the Initial Value at maturity (and the notes are not called), investors lose 1% of principal for each 1% decline beyond the buffer, up to an 80% loss.
The Index applies a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund exposure, which drag on performance and cause the Index to lag a similar index without such charges. The issuer’s estimated value is $929.20 per $1,000 note, below the issue price, reflecting selling commissions, hedging costs and internal funding assumptions. Payments are unsecured and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $534,000 of auto callable accelerated barrier notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, guaranteed by JPMorgan Chase & Co. The notes may be automatically called on January 4, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of $176.50 per note.
If not called and each index finishes above its initial level at maturity in December 2028, holders receive $1,000 plus 1.25 times the gain of the least performing index. If any index finishes below its Barrier Amount of 70% of its initial level, investors lose 1% of principal for each 1% decline in the least performing index and could lose their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an issue price of $1,000 with an estimated value of $956.10, and are not expected to be listed, creating liquidity risk.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,100,000 of auto callable contingent interest notes linked separately to the Nasdaq-100® Technology Sector IndexSM, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing November 29, 2027.
The notes pay a contingent interest rate of 8.75% per annum, paid monthly, but only for Review Dates when the closing value of each underlying is at least 60% of its Initial Value
Starting June 23, 2026, the notes are automatically called if on a Review Date the closing value of each underlying is at or above its Initial Value, returning $1,000 per note plus that month’s interest, with no further payments. If not called, and at maturity any underlying finishes below 60% of its Initial Value, principal is reduced 1:1 with the decline in the worst performer, and investors can lose most or all of their principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange, and pay no dividends from the underlyings. The estimated value at pricing was $961.70 per $1,000 note, below the $1,000 issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $608,000 of index-linked Review Notes due December 27, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index.
The notes may be automatically called as early as December 30, 2026 if each index closes at or above its Call Value, paying $1,000 plus a call premium of 13% to 65% of principal depending on the Review Date. If not called and each final index level is at or above 70% of its Initial Value, investors receive full principal at maturity.
If any index finishes below its 70% Barrier Amount, repayment is reduced based on the Least Performing Index Return, and investors can lose more than 30% and up to all principal. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and were priced at $1,000 per note with an estimated value of $966.60.