JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Snowflake Inc. The notes pay a quarterly Contingent Interest Payment of at least $35.375 per $1,000 note if Snowflake’s share price on the relevant Review Date is at or above 55% of the Initial Stock Price, with missed coupons potentially paid later if a future Review Date meets this barrier.
The notes can be automatically called on any non‑final Review Date starting April 2, 2026 if Snowflake’s share price is at or above the Initial Stock Price, in which case investors receive $1,000 per note plus the applicable coupon and any unpaid coupons. If the notes are not called and Snowflake’s Final Stock Price is below the 55% Trigger Level, principal is reduced 1% for each 1% decline from the Initial Stock Price, so investors can lose more than 45% and up to all of their investment. The estimated value is indicated around $979 per $1,000 note in the example, and the notes carry JPMorgan credit risk, no dividend rights and limited liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Digital Buffered Notes linked to the American Depositary Shares of Petróleo Brasileiro S.A.—Petrobras. The notes run from an original issue date on or about December 23, 2025 to a maturity date of January 22, 2027, with a valuation date of January 19, 2027.
Investors receive a fixed contingent digital return of at least 16.00%, with a maximum payment of $1,160.00 per $1,000 note, if the final stock price is at or above the stock strike price or down by up to the 30.00% contingent buffer. The stock strike price is $11.77, the Petrobras ADS closing price on December 17, 2025.
If the final stock price is more than 30.00% below the strike, principal is exposed to losses on a 1-for-1 basis, and investors may lose all of their investment. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and have an estimated value of approximately $962.50 per $1,000 note at pricing, not less than $950.00.
JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount, with a minimum investment of $1,000, and a term of about three years unless called earlier.
The Notes pay a contingent coupon of at least 9.00% per annum, in quarterly installments, only if Citigroup’s share price on an Observation Date is at or above the Coupon Barrier of $67.71, which is 60.75% of the Initial Value of $111.46 observed on December 17, 2025. After a six‑month non‑call period, the Notes are automatically called if the share price is at or above the Initial Value on an Observation Date, returning principal plus the coupon for that period.
If the Notes are not called and the Final Value is at or above the Downside Threshold of $67.71, investors receive their full principal plus the final coupon. If the Final Value is below that threshold, repayment is reduced to $10 × (1 + Underlying Return), creating losses proportionate to Citigroup’s price decline and potentially a total loss of principal.
The Notes price at $10 with selling commissions to UBS of up to $0.225 per Note and proceeds to the issuer of $9.775 per Note. The estimated value is approximately $9.614 per $10 Note and will not be less than $9.30, reflecting structuring and hedging costs. Payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the Notes are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC issued an amendment to the pricing terms of its Capped Buffered Return Enhanced Notes due October 5, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The change affects the notes linked to the Nasdaq-100 Index (NDX), setting the Maximum Return at 21.75% and the Maximum Payment at Maturity at $1,217.50 per $1,000 principal amount, based on an Initial Value of 24,679.99.
The amendment reiterates that these structured investments involve risks described in the related prospectus and supplements, have not been approved or disapproved by the SEC or any state securities commission, and are not bank deposits or FDIC insured. Investors are directed to read this amendment together with the original pricing supplement and the associated offering documents.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF. The notes are issued in $1,000 minimum denominations and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors may receive monthly contingent interest at a rate of at least 11.70% per annum only when the closing value of each underlying is at or above 70% of its Initial Value. If the notes are not redeemed early and any underlying finishes below 60% of its Initial Value at final valuation, principal is reduced in line with the worst performer and can be fully lost. The issuer may redeem the notes early on specified dates, the earliest being March 26, 2026. The indicative estimated value is about $969.20 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, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Russell 2000 Index, the State Street SPDR S&P Regional Banking ETF and the VanEck Gold Miners ETF, maturing in December 2030.
The notes can pay monthly contingent interest, at a rate expected to be at least 10.70% per annum, but only when the closing value of each underlying is at or above 70% of its initial value. Starting in December 2026, the notes are automatically called if, on certain review dates, each underlying is at or above its initial value, returning principal plus that period’s interest.
If the notes are never called and, at maturity, any underlying finishes below 55% of its initial value, repayment of principal is reduced one‑for‑one with the loss on the worst performer, which can result in losing some or all of the investment. The preliminary estimated value is about $904.60 per $1,000 note, reflecting selling costs and issuer hedging and funding assumptions, and the notes are unsecured, subject to JPMorgan credit risk and not FDIC‑insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering index-linked Review Notes tied separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, maturing on December 27, 2030. The notes may be automatically called as early as December 30, 2026 if the closing level of each Index is at or above 100% of its Initial Value, paying back principal plus a Call Premium of at least 13% of face value on the first Review Date and rising in steps to at least 65% on the final Review Date. If the notes are never called and, at maturity, the Final Value of each Index is at or above 70% of its Initial Value, investors receive full principal back. If the Final Value of any Index is below 70% of its Initial Value, repayment is reduced one-for-one with the loss on the Least Performing Index, and investors can lose all principal. The notes pay no interest or dividends, are unsecured obligations, and the estimated value is indicated at about $966.90 per $1,000, below the $1,000 price to public.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked individually to the Nasdaq-100, Russell 2000 and S&P 500 indexes, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to December 29, 2028, in $1,000 minimum denominations, and may be redeemed early at the issuer’s option on specified interest payment dates starting March 26, 2026.
Investors can receive monthly contingent interest only when the closing level of each index is at least 80% of its initial value, with a contingent interest rate of at least 13.40% per annum. If the notes are not called and any index finishes below its 80% trigger value at maturity, repayment is reduced in line with the decline of the worst-performing index, and investors can lose some or all principal. The estimated value is indicated at approximately $977.80 per $1,000, and will not be less than $940.00 when finalized, reflecting embedded costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering $2,161,000 of structured Review Notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully guaranteed by JPMorgan Chase & Co. The notes can be automatically called on review dates in December 2026, 2027 or 2028 if each index is at or above 100% of its initial level, paying back $1,000 per note plus a call premium of 14.90%, 29.80% or 44.70%, depending on the call date.
If the notes are not called and every index finishes at or above 70% of its initial level on the final review date, investors receive full principal at maturity in December 2028. If any index is below its 70% barrier, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose more than 30% and up to their entire principal.
The notes pay no interest, provide no dividends from the underlying indices, are unsecured obligations subject to the credit risk of JPMorgan entities, and will not be listed on an exchange. The price to the public is $1,000 per note, including selling fees, while the issuer’s estimated value is $975 per note, reflecting embedded costs and hedging factors.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in 2028, in $1,000 minimum denominations. Investors receive a contingent monthly coupon only when the Index is at or above 70% of its Initial Value, and the notes are automatically called, from the sixth review date onward, if the Index is at or above its Initial Value.
If the notes are not called and the Final Value is below 80% of the Initial Value, principal is reduced 1% for each 1% decline beyond this buffer, with up to an 80% loss of principal possible. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drags on performance. The notes are unsecured, not FDIC-insured, may be illiquid, and their estimated value is indicated around $930.30 (not less than $900.00) per $1,000 at pricing.