JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the lesser performance of the Russell 2000® Index and the iShares® MSCI Emerging Markets ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on February 10, 2028 and may be automatically called on August 13, 2027 if each underlying is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium of at least $251.50 per $1,000 note.
If not called and each underlying finishes above its Initial Value, investors receive an uncapped leveraged upside of 1.50× the return of the lesser performing underlying. A 10% buffer protects principal against moderate declines, but if either underlying falls by more than 10%, principal loss is linear beyond the buffer and can reach up to 90%. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is indicated at about $988 per $1,000 note, and may be as low as $900 when finalized, reflecting embedded costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is issuing $8,236,000 of Contingent Income Callable Securities due August 3, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the worst performing of the Nikkei 225, S&P 500 and S&P MidCap 400 indices and are principal-at-risk.
Investors may receive a 3.4375% quarterly contingent coupon ($34.375 per $1,000) only if, on each determination date, all three indices are at or above 75% of their initial levels (downside threshold levels of 48,271.515 for NKY, 5,617.29 for SPX and 2,818.98 for MID). The issuer can, at its discretion, redeem the notes early on any contingent payment date for par plus any due coupon.
If not redeemed, and each index finishes at or above its threshold, investors receive par plus the final coupon; if any index finishes below its threshold, the maturity payment equals par multiplied by the worst index’s performance factor, potentially resulting in a loss of more than 25% of principal and down to zero. The issue price is $1,000 per note, with an estimated value of $956.80 on the pricing date.
JPMorgan Chase Financial Company LLC is issuing $79,000 of Auto Callable Accelerated Barrier Notes linked to the iShares® Ethereum Trust ETF (ticker ETHA), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 denominations, priced on July 31, 2026 and are expected to settle on or about August 5, 2026, and mature on August 3, 2029.
The notes may be automatically called on August 6, 2027 if the ETF’s closing price is at or above the Call Value, paying $1,385 per $1,000 note (principal plus a $385 call premium). If not called and the Final Value exceeds the Initial Value of $14.07, investors receive 1.50 times the fund’s positive return at maturity. Principal is returned at maturity if the Final Value is at or above the Barrier Amount of 60.00% of the Initial Value. If the Final Value is below this barrier, repayment is reduced one-for-one with the fund’s loss, and investors can lose more than 40% and up to all principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and carry additional risks tied to ether’s high volatility and evolving digital-asset regulation.
JPMorgan Chase Financial Company LLC is offering $740,000 of Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on August 3, 2028, in $1,000 denominations and fully guaranteed by JPMorgan Chase & Co.
At maturity, investors receive 1.25 times any positive return of the lesser-performing index, capped at a 23.40% Maximum Upside Return. If the lesser index finishes between 0% and -20.00%, the payoff equals the absolute decline, up to a +20.00% gain. Below a -20.00% decline, principal is reduced 1% for each additional 1% loss, down to a minimum of $200 per $1,000, exposing investors to up to an 80.00% loss of principal.
The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The price to public is $1,000 per note, including $2.50 in selling commissions; the issuer’s estimated value is $987.10 per $1,000 note, reflecting embedded costs, hedging, and an internal funding rate.
JPMorgan Chase Financial Company LLC is offering $326,000 of Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, due August 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an upside leverage factor of 2.10x any positive Index performance at maturity, with no cap on gains.
The notes have a Barrier Amount equal to 70.00% of the Initial Value. If, on the July 31, 2031 Observation Date, the Index closing level is at or above this barrier, investors receive at least their $1,000 principal per note; if it exceeds the Initial Value, the payoff is $1,000 plus 2.10 times the Index return. If the Final Value is below the barrier, repayment is $1,000 plus the full Index return, exposing holders to losses greater than 30% and potentially a total loss of principal.
The notes pay no periodic interest, are issued in $1,000 minimum denominations, and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The price to the public is $1,000 per note, including selling commissions, with estimated value at issuance of $936.80 per $1,000. The notes will not be listed on any exchange, and secondary market liquidity and pricing, if available, will be influenced by JPMorgan affiliates’ internal funding and hedging costs.
JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes due September 6, 2029, 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.
At maturity, if the Final Value of each index is at least its Barrier Amount of 70.00% of the Initial Value, investors receive the greater of (a) a Contingent Digital Return of at least 24.10% or (b) the actual return of the least performing index, on top of principal. If any index finishes below its Barrier Amount, repayment equals principal plus the return of the least performing index, exposing investors to losses greater than 30% and up to 100% of principal.
The notes pay no interest or dividends, are issued in $1,000 minimum denominations, and are unsecured obligations of JPMorgan Financial subject to the credit risk of both the issuer and guarantor. If priced on the indicated date, the estimated value would be about $977.30 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an Upside Leverage Factor of at least 1.06, so at maturity investors receive $1,000 plus 1.06 times any positive Index return when the Final Value is above the Initial Value.
The notes have a Barrier Amount at 75% of the Initial Value. If, on the September 2, 2031 Observation Date, the Index is at or above this barrier, principal is returned at the September 5, 2031 Maturity Date. If the Final Value is below the barrier, repayment is $1,000 plus $1,000 times the Index Return, exposing investors to losses greater than 25% and possibly a total loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are issued in minimum denominations of $1,000. An indicative estimated value is $973.30 per $1,000 principal amount, and the final estimated value will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC plans to issue Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Nasdaq-100® Technology Sector, the S&P 500® Index and the Russell 2000® Index, due September 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer at maturity at least 1.725x any positive performance of the least performing index, and a dual-direction feature that can provide up to a 30.00% positive return if that index has fallen but each index remains at or above 70.00% of its initial level. If any index finishes below this 70.00% barrier, repayment of principal is exposed one-for-one to the decline of the least performing index, with the potential for a total loss. Notes are issued in $1,000 minimum denominations, pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not exchange-listed, so liquidity will depend on JPMS making a secondary market.
JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due August 13, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest of 4.875% per annum, calculated on a 30/360 basis, in arrears on August 13, 2027, August 13, 2028 and at maturity, for each $1,000 principal amount.
Beginning on February 13, 2027 and ending on May 13, 2029, the issuer may redeem the notes on the 13th calendar day of February, May, August and November at par plus accrued interest, in whole but not in part. The price to the public is generally $1,000 per $1,000 principal amount, but for eligible institutional or fee-based advisory accounts it will be between $992.60 and $1,000. Selling commissions, paid by the issuer to dealers via JPMS, would be about $3.00 per $1,000 if priced on the indicated date and will not exceed $10.00 per $1,000. The notes are unsecured obligations, not bank deposits and are not insured by the FDIC.
JPMorgan Chase Financial Company LLC is offering Buffer Autocallable GEARS, unsecured notes 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 3‑year term (trade date August 13, 2026; maturity around August 15, 2029) and a $10 denomination, with a minimum investment of $1,000.
If on the August 19, 2027 Observation Date the basket is at or above 100% of its initial value, the notes are automatically called and pay a fixed 12.00% Call Return ($11.20 per $10), with no further upside. If not called, and at maturity the basket is above its initial level, investors receive principal plus the positive basket return multiplied by an Upside Gearing between 1.601 and 1.801. If the final basket level is between 90% and 100% of the initial basket value, principal is repaid. Below 90%, losses increase 1% for each 1% decline beyond the 10% buffer, up to a 90% principal loss.
The issue price is $10.00 per note, including up to $0.25 in selling commissions (proceeds $9.75 to the issuer). The estimated value would be about $9.682 per $10 if priced on the indicated date and will not be less than $9.30. The notes pay no interest and provide no dividend exposure. Repayment depends on the credit of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co.; a default could result in loss of all invested principal.