JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,000,000 of Auto Callable Contingent Interest Notes linked to Advanced Micro Devices, Inc. common stock, maturing December 21, 2028. The notes pay a 17.00% per annum contingent interest (about $14.1667 per $1,000 each month) only when AMD’s closing price on a Review Date is at or above the 60.00% Interest Barrier of the Initial Value of $209.17 (i.e., $125.502). Starting June 16, 2026, the notes are automatically called if AMD’s price on certain Review Dates is at or above the Initial Value, returning $1,000 plus that month’s interest. If the notes are not called and AMD’s final price is below the 50.00% Trigger Value of $104.585, investors lose 1% of principal for each 1% AMD is below the Initial Value, up to a total loss. The notes are unsecured, not principal-protected, and were priced at $1,000 with estimated value of $954.60 and proceeds to issuer of $971.50 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to the front‑month (or, in some cases, second‑month) WTI crude oil futures contract on NYMEX. Each Note has a $10 principal amount, a term of about one year and a minimum investment of $1,000.
The Notes pay a quarterly contingent coupon of at least 13.20% per annum (about $0.33 per $10 per quarter) only if the futures Contract Price is at or above a Coupon Barrier set at $41.96, which is 75% of the Initial Value of $55.94. Missed coupons may be paid later under a memory feature if the barrier is met on a future Observation Date. The Notes are automatically called if the Contract Price is at or above the Initial Value on any quarterly Observation Date.
If not called, and the Final Value on December 16, 2026 is at or above the same $41.96 Downside Threshold, investors receive full principal plus any due coupons. If the Final Value is below the threshold, repayment is reduced dollar‑for‑dollar with the futures decline, potentially to zero. The estimated value at pricing is expected to be between $9.75 and about $9.844 per $10, reflecting structuring and hedging costs. These unsecured Notes carry both market risk tied to WTI crude oil and the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the lesser performing of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide unleveraged exposure to index gains up to a Maximum Upside Return of at least 19.30%, and to index declines up to a 10.00% buffer, where investors receive the absolute value of the loss at maturity.
If either index falls by more than 10.00%, investors lose 1% of principal for each additional 1% decline, up to a possible 90.00% principal loss. The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange. If priced on the example date, the estimated value would be about $986.20 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering review notes linked to the lesser performance of the State Street SPDR S&P Regional Banking ETF and the State Street Energy Select Sector SPDR ETF, with automatic call features and full principal at risk.
The notes may be automatically called as early as December 28, 2026 if each ETF closes at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least 11.50%, 23.00% or 34.50% of principal on successive review dates. If the notes are not called and the lesser-performing ETF finishes below 60.00% of its initial value, repayment at maturity is reduced dollar-for-dollar with the loss, and investors can lose all principal.
The notes pay no interest or dividends, are unsecured obligations guaranteed by JPMorgan Chase & Co., will not be listed on an exchange, and carry credit, market, liquidity and valuation risks. If priced today, the estimated value would be approximately $960.00 per $1,000 note, and the final estimated value will not be less than $940.00 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $512,000 of structured Review Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on December 21, 2028. The notes are sold in $1,000 denominations at $1,000 per note, with selling commissions of $29.50 and proceeds to the issuer of $970.50 per note, and an estimated value of $953.20 per $1,000 at pricing.
The notes may be automatically called on review dates in 2026, 2027 or 2028 if each index is at or above its initial level, paying back $1,000 plus a call premium of 7.60%, 15.20% or 22.80% respectively. If not called, at maturity investors receive $1,000 plus the absolute decline of the worst index when all index losses are within a 20% buffer, capped at a maximum payment of $1,200 per $1,000 note. If any index falls by more than 20% from its initial level, principal is reduced beyond the buffer and investors can lose up to 80% of their investment.
The notes pay no interest, do not provide dividends from index components, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, so liquidity will depend on the willingness of J.P. Morgan Securities LLC to make a secondary market at potentially substantial discounts to the issue price.
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 December 23, 2030. The notes pay a monthly Contingent Interest Payment only if, on each Review Date, the closing level of every index is at or above 70% of its Initial Value. The hypothetical Contingent Interest Rate is 9.25% per annum, and the actual rate will be at least this level.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning December 23, 2026, returning $1,000 per note plus any due contingent interest. If the notes are not redeemed and, on the final Review Date, any index has fallen more than 30% from its Initial Value, the principal repayment is reduced in line with the Least Performing Index’s loss, which can result in a substantial or total loss. The estimated value is approximately $967.10 per $1,000 note and will not be less than $940.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffer GEARS linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (40%), Nikkei 225 (25%), FTSE® 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). The notes have a $10 issue price, a minimum investment of $1,000 and an expected term of about two years.
If the basket rises, holders receive principal plus 2x the basket gain, capped by a Maximum Gain between 22.25% and 24.25%. If the basket is flat or down but not below 90% of its initial level, investors receive only their $10 principal. If the basket falls more than the 10% buffer, repayment is reduced dollar-for-dollar with losses beyond that level, up to a 90% loss of principal.
The securities pay no interest, provide no dividends from the underlying indices and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. Selling commissions are $0.20 per $10, and the estimated value is expected to be below the $10 issue price, reflecting fees and hedging costs.
JPMorgan Chase Financial Company LLC is offering $399,000 of callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on December 19, 2030 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 6.25% per annum (0.52083% per month) only on Review Dates when the closing level of each index is at least 60% of its Initial Value. JPMorgan may redeem the notes early, in whole, on certain Interest Payment Dates starting December 21, 2026, returning $1,000 per note plus any due contingent interest.
If the notes are not redeemed and, on the final Review Date, any index is below its 60% Trigger Value, investors receive $1,000 plus $1,000 multiplied by the Least Performing Index return, which can result in significant principal loss, up to a total loss. The notes are unsecured obligations, with an estimated value of $934.30 per $1,000, below the $1,000 issue price due to selling commissions and hedging costs.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Broadcom Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date when Broadcom’s closing price is at least 70.00% of the Initial Value, and can be automatically called starting on March 30, 2026 if the stock is at or above the Initial Value on certain Review Dates.
If the notes are not called and the Final Value is below the Trigger Value, investors lose 1% of principal for each 1% decline from the Initial Value and can lose their entire investment. The notes are unsecured, not insured by the FDIC, have minimum denominations of $1,000, will not be listed on an exchange, and an illustrative estimated value is about $962.80 per $1,000 note, with a minimum final estimated value of $930.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering digital contingent buffered notes linked to the lesser performing of the Russell 2000 Index and the Nasdaq-100 Index. The notes are designed to pay a fixed return, the Contingent Digital Return, of at least 11.90%, giving a maximum payment of $1,119 per $1,000 note, if on the valuation date each index is at or above its strike level or down by no more than 20%.
If either index finishes more than 20% below its strike, investors lose 1% of principal for each 1% decline of the lesser performing index, with the potential for a full loss of principal. The notes pay no interest, do not provide dividends or voting rights, and will not be listed on an exchange, so liquidity may be limited. They are subject to the credit risk of both the issuer and guarantor. The preliminary estimated value is about $982.70 per $1,000 note and will not be less than $970.00, and minimum denominations are $10,000 with $1,000 increments.