JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $560,000 of Auto Callable Yield Notes linked to the worst performer among Baker Hughes (BKR), SLB N.V. (SLB) and Halliburton (HAL), maturing on December 16, 2027. The notes pay interest at 9.25% per annum, or $23.125 per $1,000 note each quarter, as long as they have not been called.
The notes are automatically called if on any scheduled review date starting June 12, 2026 the closing price of one share of each reference stock is at or above its strike value, returning $1,000 plus the quarterly interest. At maturity, if not called and each stock is at or above its trigger level of 60% of its strike value, investors receive $1,000 plus the final interest payment.
If any stock finishes below its trigger, principal is reduced one-for-one with the loss on the weakest stock, so investors can lose more than 40% and up to all of their principal. The estimated value is $946.70 per $1,000 note, and the notes are unsecured, unlisted, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes linked to the common stock of Caterpillar Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a quarterly Contingent Interest Payment of at least $30.00 per $1,000 (at least 12.00% per annum) for each Review Date on which Caterpillar’s share price is at or above 65.00% of the Initial Value, defined as the Interest Barrier.
The notes may be redeemed early at the issuer’s option on any Interest Payment Date other than the first and final ones, starting June 25, 2026, at $1,000 plus any due Contingent Interest Payment. If held to the scheduled maturity on December 28, 2027 and not redeemed early, investors receive $1,000 plus the final Contingent Interest Payment if the Final Value is at or above the Trigger Value (also 65.00% of the Initial Value. If the Final Value is below the Trigger Value, the payoff is $1,000 + ($1,000 × Stock Return), so investors lose 1% of principal for each 1% decline and may lose their entire investment.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and are offered in minimum denominations of $1,000. If priced on the date illustrated, the estimated value would be approximately $960.00 per $1,000 principal amount, and when set on the actual pricing date it will not be less than $940.00 per $1,000, reflecting selling commissions, structuring fees and hedging costs. Investors do not receive dividends on Caterpillar stock and face credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC is offering $795,000 of structured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a price to public of $1,000 per note, including $50 of fees and commissions, for issuer proceeds of $950 per note, and an estimated value at pricing of $886.60 per $1,000 note. They may be automatically called as early as December 16, 2026 if the Index is at or above the applicable Call Value, paying back principal plus a Call Premium Amount based on a 13.95% Call Premium Rate. If the notes are never called and the Final Value of the Index is below the 60% Barrier Amount on the final Review Date, repayment at maturity will be $1,000 plus $1,000 times the Index Return, so investors can lose more than 40% and up to all principal. The Index includes a 6.0% per annum daily deduction, which creates a persistent drag on performance, and the notes pay no interest and provide no dividends. They are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any securities exchange.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Accelerated Barrier Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices, maturing in December 2027. Each note has a $1,000 denomination and provides 3x leveraged upside on any gain of the worst index, up to a maximum return of at least 40%.
If all three indices finish at or above 70% of their initial levels, investors receive at least their full principal at maturity. If any index closes below 70% of its strike on the observation date, repayment is reduced one‑for‑one with the decline of the worst index, and principal can be fully lost. The notes pay no interest or dividends and are unsecured obligations subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk. The estimated value is approximately $980 per $1,000 note and will not be less than $950 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $5,000,000 of structured “Review Notes” linked to the least performing of three State Street sector ETFs: Consumer Staples (XLP), Energy (XLE) and Real Estate (XLRE). The notes mature on December 14, 2028 and can be automatically called as early as June 11, 2026 if each ETF closes at or above its Call Value (100% of its Strike Value), paying back $1,000 plus a Call Premium of up to 49.95% by the final Review Date.
The notes pay no interest or dividends and expose investors to loss of principal at maturity if they are not called and any ETF finishes below its Barrier Amount, set at 60% of its Strike Value ($47.28 for XLP, $27.576 for XLE and $24.48 for XLRE). In that case, repayment is reduced one-for-one with the decline of the least performing ETF and investors can lose all of their investment. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $8.50 in fees, while the estimated value at pricing is $973.10 per $1,000.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $867,000 of Callable Contingent Interest Notes due December 20, 2028, linked to the least performing of three State Street sector ETFs: Energy (XLE), Consumer Discretionary (XLY) and Regional Banking (KRE).
The notes pay a 12.50% per annum contingent interest rate (3.125% quarterly) only if, on a Review Date, each ETF is at or above 70% of its initial price. Missed coupons can be paid later if conditions are subsequently met. JPMorgan may redeem the notes early on specified interest payment dates, starting June 18, 2026, at $1,000 per note plus applicable contingent interest and any unpaid coupons.
At maturity, if none of the ETFs has fallen below 60% of its initial value, investors receive $1,000 per note plus contingent interest and any unpaid coupons. If any ETF ends below that 60% trigger, repayment is reduced one-for-one with the decline of the worst-performing ETF, and investors can lose more than 40% and up to all of their principal. The notes are unsecured, not FDIC insured and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $725,000 of Yield Notes linked to the iShares Bitcoin Trust ETF (IBIT) maturing on December 18, 2026. The notes pay a high fixed coupon of 15.35% per annum, or $38.375 per $1,000 each quarter, for total scheduled interest of $153.50 per $1,000 over the term.
Principal repayment is conditional. If the ETF’s final price on the Observation Date is at or above the Trigger Value of $35.84 (70% of the $51.20 Strike Value set on December 12, 2025), investors receive back their full $1,000 principal plus the final interest payment. If the final price is below the Trigger Value, the maturity payment is reduced dollar‑for‑dollar with the ETF loss, using the Fund Return formula, and investors can lose more than 30% and up to all of their principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial and are subject to the credit risk of both the issuer and guarantor. The price to the public is $1,000 per note, including $6 in selling commissions, while the estimated value at pricing was $978.90 per $1,000, reflecting embedded structuring and hedging costs. The product concentrates risk in bitcoin via IBIT, which has limited trading history and is exposed to high volatility, regulatory uncertainty, operational risks at crypto venues and potential liquidity constraints, as highlighted in the extensive risk disclosures.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Buffered Digital Notes linked to the worst performer among the S&P 500, Russell 2000 and Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on February 24, 2027, with a minimum denomination of $1,000.
If, on the observation date, each index is at or above its initial level, or down by no more than the 25.00% buffer, investors receive their principal plus a fixed contingent digital return of at least 8.35%. If any index is down more than 25.00%, repayment is reduced using a 1.33333 downside leverage factor, so losses accelerate and investors can lose some or all principal.
The notes pay no periodic interest, do not provide dividends on index stocks and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities LLC making a market. If priced today, the estimated value would be about $989.30 per $1,000, and it will not be less than $950.00 per $1,000 when finalized. Selling commissions are capped at $2.00 per $1,000, and all payments are subject to the credit risk of both the issuer and the guarantor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the lesser performance of the iShares Russell 2000 Value ETF and the TOPIX Index, maturing January 4, 2029. The notes have $1,000 minimum denominations and may be automatically called on December 29, 2026 if each underlying is at or above its call value, paying back principal plus at least a $200 call premium per $1,000.
If not called and both final values exceed their initial values, investors receive an uncapped leveraged payoff equal to 4.05 times the return of the weaker underlying. If either underlying finishes between 80% and 100% of its initial value, principal is returned at maturity. If either closes below 80% of its initial value, repayment is reduced one-for-one with the loss in the weaker underlying, and investors can lose all principal. The notes pay no interest or dividends, are unsecured, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is $978.90 per $1,000, and will not be less than $940.00 when finalized.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class B common stock of NIKE, Inc. Each note has a $1,000 principal amount and can pay a contingent interest payment of $36.70 per period if NIKE’s share price on the relevant review date is at or above the Interest Barrier.
The Interest Barrier and Trigger Level are $43.8555, equal to 65% of the Stock Strike Price of $67.47 set on the strike date. If on any non-final review date NIKE closes at or above the Stock Strike Price, the notes are automatically called, and investors receive $1,000 plus the applicable interest and any unpaid interest.
If the notes are not called and the final stock price is at or above the Trigger Level, investors receive $1,000 plus the final contingent interest and any unpaid interest. If the final stock price is below the Trigger Level, principal is reduced 1% for every 1% decline in NIKE from the strike price, potentially down to $0. The total offering is $500,000, with a price to public of $1,000 per note, fees of $10 per note and proceeds to the issuer of $990 per note. The estimated value is $978.60 per $1,000 note.