JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,284,000 of auto callable contingent interest notes linked separately to the Nasdaq-100 Index®, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing in November 2027. Investors may receive monthly contingent interest at a rate of 12.15% per annum (1.0125% per month) only when the closing value of each underlying is at or above 70% of its initial value.
The notes can be automatically called as early as March 12, 2026 if, on a review date (other than the first, second and final), each underlying is at or above its initial value, in which case investors receive $1,000 per note plus the applicable interest and no further payments. If the notes are not called and, at maturity, any underlying finishes below 60% of its initial value, repayment of principal is reduced in line with the decline of the worst-performing underlying, and investors can lose most or all of their investment.
The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and are not FDIC insured. The public offering price is $1,000 per note, including $7.25 in selling commissions, while the initial estimated value is $982.60, reflecting embedded costs, hedging and structuring factors.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest only if, on a Review Date, the Index closes at or above 60% of its initial level; missed interest can be paid later if a future Review Date meets this barrier.
The notes may be automatically called on certain Review Dates starting December 29, 2026 if the Index is at or above its initial level, returning principal plus applicable interest but ending any future payments. If the notes are not called and the Index finishes below the 60% trigger level at maturity, investors lose principal in line with the Index decline and could lose their entire investment.
The underlying Index uses a 35% target volatility, can employ up to 500% leveraged exposure to E-mini S&P 500 futures, and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The notes are unsecured obligations of JPMorgan Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., are issued in $1,000 minimum denominations, and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC is offering unsecured review notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be called early on scheduled Review Dates starting December 22, 2026 if the Index closes at or above 90% of its initial level, paying back $1,000 plus a Call Premium Amount that starts at at least 18% of principal and can reach at least 54% on the final Review Date.
If the notes are not called and the Index finishes at or above 80% of its initial level on the final Review Date, investors receive their $1,000 principal back. If the Index ends below that 80% barrier, repayment is reduced one-for-one with the Index loss, down to a complete loss of principal. The Index includes a 6.0% per annum daily deduction and can employ leverage up to 500% or be significantly uninvested, features that can materially drag on performance and increase volatility. The estimated value at launch is expected to be between $900 and $920 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured "Review Notes" linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 3, 2031. The notes may be automatically called as early as December 30, 2026 if the Index closes at or above the Call Value, paying back principal plus a Call Premium Amount based on a Call Premium Rate of at least 16.35%.
These notes pay no interest or dividends and expose investors to loss of more than 40% and up to all principal if the Final Value is below 60% of the Initial Value at maturity. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance. The estimated value is indicated at about $896.70 per $1,000 note at today’s assumptions and will not be less than $880.00 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the Nasdaq-100® Technology Sector IndexSM, the State Street® SPDR® S&P® Regional Banking ETF and the State Street® Consumer Discretionary Select Sector SPDR® ETF, maturing on December 22, 2028 and guaranteed by JPMorgan Chase & Co. Investors may receive monthly contingent interest at a rate of at least 11.15% per annum if, on a Review Date, the closing value of each underlying is at or above 70% of its Initial Value; missed coupons can be paid later if the barrier is met. The notes may be automatically called as early as June 22, 2026 if each underlying is at or above its Initial Value, returning principal plus due interest. If not called and any underlying finishes below its 60% Trigger Value, repayment is reduced in line with the loss on the worst performer, and investors can lose a large portion or all of principal. The notes are unsecured, not FDIC insured, have limited liquidity, and an estimated value below the $1,000 issue price reflects embedded fees and hedging costs.
JPMorgan Chase & Co. is offering $7,524,000 of callable fixed rate notes due December 17, 2029. The notes pay fixed interest at an annual rate of 4.15%, with interest paid in arrears each December 17, starting in 2026, using a 30/360 day count convention. The issuer may redeem the notes in whole, but not in part, on the 17th of March, June, September and December from December 17, 2027 through September 17, 2029 at par plus accrued interest.
At issuance, the price to the public is $1,000 per note, including hedging costs, with selling commissions of $3.483 per $1,000 note. Total proceeds to JPMorgan Chase & Co. are $7,497,791 before other expenses. Investors are exposed as unsecured creditors of JPMorgan Chase & Co., and in a resolution scenario their claims would be structurally subordinated to creditors of its subsidiaries.
JPMorgan Chase Financial Company LLC is offering $365,000 of auto callable contingent interest notes linked to the least performing of the S&P 500 Index, the VanEck Semiconductor ETF and the Utilities Select Sector SPDR Fund, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on December 15, 2028 and are issued in $1,000 minimum denominations.
The notes pay a monthly contingent coupon of $8.0417 per $1,000 (a 9.65% per annum rate) only if, on each Review Date, the closing value of each underlying is at or above 60% of its initial value. Beginning June 12, 2026, the notes are automatically called if all three underlyings are at or above their initial values, returning $1,000 plus the applicable coupon, with no further payments.
If the notes are not called and, on the final Review Date, any underlying finishes below 60% of its initial value, repayment of principal is reduced one-for-one with the decline of the worst performer; investors can lose more than 40% and up to all of their principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The public issue price is $1,000 per note, while the issuer’s estimated value is $951.20, and the notes are not listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC plans to issue Uncapped Dual Directional Buffered Return Enhanced Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing on December 22, 2027 and fully guaranteed by JPMorgan Chase & Co.
The notes pay no interest and do not provide dividends. At maturity, if all three indexes are above their initial levels, investors receive the $1,000 principal plus at least 1.0965 times the gain of the weakest index. If the weakest index is flat or down by up to the 20.00% buffer, investors earn a positive return equal to the absolute move of that weakest index, up to a 20.00% gain.
If any index falls by more than 20.00%, repayment is reduced point-for-point beyond the buffer, for a maximum loss of 80.00% of principal. Minimum denomination is $1,000. An example estimated value is $987.40 per $1,000 note, and the final estimated value will be at least $950.00, reflecting embedded selling commissions, hedging costs, the credit risk of the issuer and guarantor, and the likelihood that any secondary market price will generally be below the original issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured “Review Notes” linked separately to the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index, maturing in December 2028. The notes may be automatically called on review dates starting in December 2026 if each index is at or above 100% of its initial level, paying back $1,000 plus a call premium of at least 13.60%, 27.20% or 40.80% depending on when they are called.
If the notes are never called and, at maturity, any index has fallen below 70% of its initial level, repayment is reduced one‑for‑one with the weakest index and investors can lose all principal. The notes pay no interest and give no dividends. The minimum denomination is $1,000, and the estimated initial value is about $957.40 per $1,000 note, not less than $900, reflecting embedded fees and hedging costs.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Alcoa Corporation (AA). The notes pay a Contingent Interest Payment of at least $52.90 per $1,000 on each Interest Payment Date if Alcoa’s closing price on the related Review Date is at or above an Interest Barrier set at 65.00% of the Stock Strike Price, for maximum total coupons of $211.60 if all four are paid.
The notes are automatically called on any non-final Review Date if Alcoa closes at or above the Stock Strike Price, returning $1,000 plus the applicable coupon and any unpaid coupons. If not called, investors receive full principal at the December 31, 2026 maturity only if the Final Stock Price is at or above the Trigger Level, also 65.00% of the Stock Strike Price; otherwise the repayment is reduced one-for-one with Alcoa’s decline, down to $0 in the worst case. The preliminary estimated value is about $971.30 per $1,000 note and will not be less than $960.00 when finalized. These unsecured notes are not bank deposits and are not FDIC insured.