JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Broadcom Inc. (AVGO), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 minimum denominations, are scheduled to mature on December 27, 2030.
Holders may receive a contingent interest rate of at least 12.00% per annum, paid monthly, but only for review dates when Broadcom’s share price is at or above 50.00% of the initial value. The notes are automatically called, with return of principal plus the applicable interest, if on certain review dates the share price reaches at least 110.00% of the initial value. If the notes are not called and the final share price is below the 50.00% trigger, investors lose principal in line with the stock’s decline and can lose their entire investment.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The preliminary estimated value is about $930.00 per $1,000 note and will not be less than $900.00, reflecting embedded costs and hedging. Key risks include equity market risk, issuer and guarantor credit risk, lack of liquidity, tax uncertainty, and the absence of dividends from Broadcom’s stock.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing digital buffered notes linked to the S&P 500 Index with a total offering size of $6,364,000.00. The notes pay a fixed Contingent Digital Return of 8.37% at maturity per $1,000 note if the index is at or above its initial level of 6,827.41, or down by no more than 10%. In that case, investors receive $1,083.70 per $1,000 note.
If the S&P 500 falls by more than 10%, investors lose principal at a leveraged rate of 1.11111% for each additional 1% decline, potentially losing their entire investment. The estimated value is $986.70 per $1,000 note, versus a price to the public of $1,000, reflecting selling commissions and hedging costs. The notes pay no interest or dividends, are unsecured obligations, are not FDIC insured, and are not listed on any exchange.
JPMorgan Chase Financial Company LLC is offering $1,102,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.50% per annum when, on a monthly Review Date, the Index is at or above 70% of its Initial Value. Starting December 14, 2026, the notes will be automatically called if, on certain Review Dates, the Index closes at or above its Initial Value, returning $1,000 per note plus the applicable interest.
If the notes are not called and, at maturity, the Index is below the 85% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15% buffer, with up to 85% principal loss possible. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $904.10 per $1,000 note, below the $1,000 issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,000,000 of auto callable barrier notes linked to the Nasdaq‑100, Russell 2000 and S&P 500. Each note has a $1,000 minimum denomination and may be automatically called as early as December 16, 2026 if all three indices are at or above 100% of their initial levels, paying back principal plus a fixed call premium (from 12.50% to 31.25% depending on the call date).
If the notes are not called and, at final observation in December 2028, all indices are above their initial levels, holders receive uncapped exposure to the least performing index’s gain. If any index finishes between 70% and 100% of its initial level, principal is returned. If any index closes below 70% of its initial level, repayment is reduced one‑for‑one with the least performer, and principal losses can reach 100%.
The notes pay no interest or dividends, are unsecured 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 $950.50 per $1,000 at pricing, below the public offering price due to fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of UnitedHealth Group Incorporated, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on June 24, 2027 and have minimum denominations of $1,000.
Investors may receive a quarterly Contingent Interest Payment if the closing price of UnitedHealth stock on a Review Date is at least 65.00% of the Initial Value, with unpaid coupons potentially paid later if the barrier is later met. The notes are automatically called if, on any non-final Review Date, the stock closes at or above the Initial Value, in which case investors receive principal plus the applicable interest and any unpaid coupons.
If the notes are not called and the Final Value is below the Trigger Value, set at 65.00% of the Initial Value, repayment of principal is reduced one-for-one with the stock’s decline and investors can lose all of their investment. The issuer estimates that, if priced today, the notes would be valued at approximately $976 per $1,000 note and that the final Contingent Interest Rate will be at least 12.30% per annum.
JPMorgan Chase Financial Company LLC is offering $6,395,000 of auto callable accelerated barrier notes linked to the lesser performer of the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, price at 100% of principal, and are expected to settle on or about December 17, 2025.
The notes can be automatically called as early as December 16, 2026 if both indices are at or above 100% of their initial values, paying principal plus a call premium of 13.75% on the first Review Date or 27.50% on the second. If not called and both final index levels are above their initial values, investors receive principal plus 2.00 times the return of the lesser-performing index; if either index finishes between 70% and 100% of its initial value, only principal is returned. If either index closes below 70% of its initial value at final valuation, repayment is reduced one-for-one with the loss in the lesser-performing index, with the possibility of a complete loss of principal.
The notes pay no interest, do not provide dividends on index constituents, and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $955.00 per $1,000 note, below the issue price, and the notes will not be listed, so any secondary market will be limited and at potentially discounted prices.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $4,166,000 of market-linked, auto-callable notes due December 15, 2028. Each security has a $1,000 principal amount and is linked to the lowest performing of the EURO STOXX 50 Index, the Russell 2000 Index and the Nasdaq-100 Technology Sector Index.
The notes can be automatically called on scheduled dates if the lowest performing index is at or above its starting level, paying back principal plus a call premium based on a simple return of approximately 16.10% per year, up to 48.300% if called on the final calculation day. If not called and the worst index finishes at or above 75% of its starting level, investors receive $1,000; if it finishes below 75%, repayment is reduced one-for-one with the index loss, which can mean losing more than 25%, up to all principal.
The price to the public is $1,000 per security, with estimated value at issuance of $956 and proceeds to the issuer of $4,058,725.50 after $107,274.50 in fees and commissions. The securities are not bank deposits, are not FDIC insured and involve complex risks, including issuer and guarantor credit risk and uncertain secondary market values.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers auto callable contingent interest notes linked separately to the Russell 2000 Index and the S&P 500 Index, maturing in December 2026. The notes can pay quarterly contingent interest at a rate expected to be at least 7.75% per annum if, on a Review Date, each index closes at or above 60% of its initial level. The notes are automatically called, returning principal plus that period’s interest, if on any non-final Review Date each index is at or above its initial value.
At maturity, if not called, investors receive principal plus the final contingent interest if no “Trigger Event” has occurred or if the lesser-performing index finishes at or above its initial value. If a Trigger Event occurs and the lesser-performing index ends below its initial value, repayment is reduced one-for-one with that index’s decline, and principal loss can be total. The notes are unsecured, will not be listed, have an estimated value below issue price due to fees and hedging costs, and do not pay dividends on the underlying indices.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing Digital Buffered Notes linked to the front-month WTI crude oil futures contract on NYMEX. The notes are priced at $1,000 each, for a total offering size of $500,000, with proceeds to the issuer of $494,790. The actual Contract Strike Price is the futures settlement price on the December 11, 2025 strike date, which was $57.60 per barrel.
If the Ending Contract Price on the January 14, 2027 observation date is at or above the strike, or down to 14.00% below it, investors receive a fixed Contingent Digital Return of 14.10%, for a maximum maturity payment of $1,141.00 per note on the January 20, 2027 maturity date. If the futures price falls by more than the 14.00% buffer, principal is reduced at a 1.16279 downside leverage factor, and the payment can fall to zero.
The estimated value of the notes at pricing was $978.30 per $1,000 note, reflecting selling commissions and hedging costs. The notes are unsecured obligations, not bank deposits, not insured by the FDIC or any government agency, and are exposed to WTI crude oil futures volatility, tax-uncertainty around "open transaction" treatment, and limited secondary market liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $701,000 of auto callable accelerated barrier notes linked to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, maturing on December 17, 2030. The notes may be automatically called as early as December 18, 2026, paying $1,000 plus a $120 Call Premium Amount per note if each index is at or above its Call Value on the Review Date.
If not called and each index finishes above its Initial Value at maturity, investors receive an uncapped payoff equal to $1,000 plus 2.1045 times the appreciation of the least performing index. If any index ends below its Initial Value but at or above 70% of its Initial Value, investors receive only the $1,000 principal. If any index finishes below 70% of its Initial Value, repayment is reduced 1% for every 1% decline in the least performing index, down to a total loss of principal.
The notes pay no interest, provide no index dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. Fees and commissions are $41.25 per $1,000 note, leaving issuer proceeds of $958.75, and the estimated value is $943.10 per $1,000, lower than the issue price due to selling, structuring and hedging costs.