JPMorgan Chase & Co. is offering callable fixed rate notes due December 22, 2045. The notes pay fixed annual interest at a rate of 5.60% per annum, calculated on a 30/360 day count basis, with interest paid in arrears each December 23, beginning in 2026 and ending on the maturity date. Beginning December 23, 2027, and on the 23rd calendar day of June and December each year through June 23, 2045, JPMorgan may redeem the notes in whole at par plus accrued and unpaid interest. At maturity, if the notes have not been called, investors receive the principal amount plus any accrued and unpaid interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any other governmental agency. The materials highlight significant risk factors, including resolution and creditor hierarchy risks in a stress or failure scenario.
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 are scheduled to mature on January 30, 2031 and are issued in minimum denominations of $1,000.
Holders receive a contingent monthly interest payment only if, on each Review Date, the Index closes at or above 75% of its Initial Value, with missed coupons potentially paid later if the barrier is met. The notes are automatically called if, on certain Review Dates starting January 27, 2027, the Index closes at or above its Initial Value, returning principal plus due coupons.
If the notes are not called and the Index finishes below an 85% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15% buffer, for a potential loss of up to 85% of principal. The underlying Index targets 35% volatility with up to 500% leverage and is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The estimated value is indicated at about $909.70 per $1,000 note, and will not be less than $900.00, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a monthly contingent coupon only if, on a Review Date, each index closes at or above 70% of its Initial Value; otherwise no interest is paid for that period. If the notes are not redeemed early and, on the final Review Date, any index is below 60% of its Initial Value, investors lose 1% of principal for each 1% decline in the Least Performing Index, up to a total loss of principal.
The issuer can redeem the notes early, in whole, on specified Interest Payment Dates starting March 26, 2026, returning $1,000 per note plus any due contingent interest. The preliminary estimated value is approximately $979.70 per $1,000 note and will not be less than $900.00, reflecting embedded fees, hedging costs and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 3, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Rate of at least 9.00% per annum if, on a Review Date, the Index is at or above an Interest Barrier of 68.00% of the Initial Value. Missed coupons can be paid later if the barrier is met on a future Review Date.
The notes may be automatically called as early as December 29, 2026 if the Index is at or above its Initial Value, returning principal plus the applicable coupon and any unpaid coupons. At maturity, if not called and the Index is below the 85.00% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond a 15.00% Buffer Amount, up to a maximum loss of 85.00%.
The Index dynamically leverages exposure to the Invesco QQQ TrustSM, Series 1 up to 500%, but its performance is reduced by a 6.0% per annum daily deduction and a daily notional financing cost. The estimated value of the notes, if priced today, would be approximately $908.90 per $1,000 principal amount and will not be less than $900.00, and payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable notes linked to the J.P. Morgan Multi-Asset Index, a diversified, rules-based futures index that includes a 1.00% per annum daily deduction. The notes target investors seeking potential early redemption at a premium and full principal repayment at maturity, but who are willing to forgo periodic interest and accept issuer and guarantor credit risk.
The notes can be automatically called on annual Review Dates starting December 31, 2026 if the Index closes at or above preset Call Values. In that case, investors receive $1,000 plus a Call Premium Amount of at least 6.25%, 12.50%, 18.75% or 25.00% of principal on successive Review Dates. If not called, at maturity on January 3, 2031 investors receive $1,000 plus an uncapped Additional Amount equal to the Index Return times a 100% participation rate, floored at zero.
The notes are unsecured, unsubordinated obligations with minimum denominations of $1,000. If priced today, the estimated value would be approximately $938 per $1,000, and will not be less than $900 when finalized. Key risks include lack of interest, liquidity constraints, complex index and futures-based strategy, possible commodity hedging disruption adjustments, and potential conflicts of interest as an affiliate sponsors and calculates the Index.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,442,000 of callable notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on December 23, 2030. Each note has a $1,000 denomination, with a price to the public of $1,000, fees of $44 and net proceeds of $956 per note. The bank’s estimated value is lower, at $904.50 per $1,000 note.
The notes can be automatically called on annual review dates starting in December 2026 if the index is at or above its initial level, paying back $1,000 plus a fixed call premium that ranges from 22.35% on the first review date up to 111.75% on the final review date.
If never called, principal is protected only down to a 15% buffer. If the index falls by more than 15%, repayment is reduced dollar-for-dollar with losses beyond that level, and investors could lose up to 85% of principal. The index itself includes a 6.0% per annum daily deduction plus a notional financing cost on its QQQ exposure, which systematically drags on performance.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a monthly Contingent Interest Payment if on a Review Date the closing value of each underlying is at or above 60% of its Initial Value, which is the Interest Barrier.
The notes may be automatically called as early as June 23, 2026 if, on certain Review Dates, each underlying closes 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 any underlying finishes below its Trigger Value (also 60% of Initial Value) on the final Review Date, repayment of principal is reduced one-for-one with the decline of the least performing underlying, potentially down to zero.
The preliminary estimated value is approximately $960.10 per $1,000 note and will not be less than $900.00, reflecting selling commissions, structuring and hedging costs. 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, pay no fixed interest or dividends, and involve concentrated risks tied to technology and regional banking stocks, as well as ETF tracking and liquidity risks.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due January 4, 2029, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Investors receive contingent monthly interest only if the closing level of each index on a review date is at least 70% of its initial value. The contingent interest rate will be at least 7.70% per annum.
The issuer can redeem the notes early, in whole, on certain interest payment dates starting July 2, 2026, paying $1,000 plus any due contingent interest. If held to maturity and any index finishes below its 70% trigger value, repayment of principal is reduced in line with the decline of the least performing index, and investors could lose their entire investment. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not FDIC insured, and will not be listed on an exchange. If priced today, the estimated value would be about $946.20 per $1,000, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Nasdaq‑100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about December 29, 2025, settle on or about January 2, 2026, and mature on July 5, 2028, with minimum denominations of $1,000.
Holders receive a Contingent Interest Payment for any Review Date on which the closing level of each Index is at or above 70% of its Initial Value, and may receive up to 30 such payments at a Contingent Interest Rate of at least 7.15% per year. If the notes are called, beginning July 2, 2026, investors receive $1,000 plus any due contingent interest and no further payments.
If the notes are not redeemed early and the Final Value of the Least Performing Index is at least 60% of its Initial Value, investors receive $1,000 per note plus any final contingent interest; if the Final Value of the Least Performing Index is below 60%, principal is reduced one‑for‑one with that decline, potentially to zero. The indicative estimated value is approximately $948.60 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., pay no dividends, and will not be listed, so liquidity and secondary prices may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on January 9, 2031, in minimum denominations of $1,000.
These unsecured notes seek monthly Contingent Interest Payments when, on a Review Date, the closing level of each index is at least 70% of its Initial Value. The issuer may redeem the notes early, in whole, on certain Interest Payment Dates starting July 9, 2026, paying $1,000 per note plus any due contingent interest.
If the notes are not redeemed early and, on the final Review Date, the least performing index is at or above its Trigger Value (60% of Initial Value), investors receive back $1,000 per note plus any final contingent interest. If the least performing index finishes below its Trigger Value, repayment is reduced in line with its loss, and investors can lose some or all principal. If priced on the example date, the estimated value would be about $959.80 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.