JPMorgan Chase & Co. is offering $2,000,000 of callable fixed rate notes due December 12, 2030. The notes pay interest at a fixed rate of 4.25% per annum, calculated on a 30/360 day count basis, with interest paid annually on December 12, starting December 12, 2026, and at maturity.
JPMorgan may redeem the notes early, in whole but not in part, on June 12 and December 12 of each year from December 12, 2027 through June 12, 2030 at par plus accrued interest. At maturity, if not previously called, investors receive the principal plus any accrued and unpaid interest. The price to the public is $1,000 per note, with $2.50 per $1,000 in selling commissions, resulting in issuer proceeds of $1,995,000 before costs.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. The disclosure highlights that in a resolution scenario, claims on these notes would be structurally and contractually junior to creditors of JPMorgan’s subsidiaries, and investors are directed to detailed risk and tax discussions in the accompanying documents.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured "Review Notes" linked to the MerQube US Tech+ Vol Advantage Index, maturing on December 24, 2030. The notes may be automatically called as early as December 23, 2026 if the Index closes at or above 100% of its initial level, paying back $1,000 plus a call premium of at least 22.75% of principal on the first Review Date and up to at least 113.75% on the final Review Date.
If not called, principal is protected only down to a 15.00% buffer; beyond that, investors lose 1% of principal for each 1% Index decline below the buffer, for a maximum loss of 85.00%. The Index incorporates a 6.0% per annum daily deduction and a notional financing cost, which drag on performance, and the notes pay no interest or dividends. The estimated value is about $911.80 per $1,000 note at launch (not less than $900), and the notes carry the credit and liquidity risks of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering callable Contingent Interest Notes due December 24, 2030, linked to the least performing of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index. Investors receive a Contingent Interest Payment only for Review Dates when each index closes at or above 70% of its Initial Value, the Interest Barrier.
The notes can be redeemed early at the issuer’s option on certain Interest Payment Dates starting June 25, 2026. If held to maturity and any index finishes below its 70% Trigger Value, the payoff is reduced dollar-for-dollar with the index loss, and investors can lose all principal. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The minimum denomination is $1,000, and the estimated value would be about $949.60 per $1,000 note if priced on the example date, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase & Co. is offering $5,300,000 of Callable Step-Up Fixed Rate Notes due December 12, 2035. These senior unsecured notes pay fixed interest annually, starting at an interest rate of 4.50% per annum from December 12, 2025 to December 12, 2029, stepping up to 5.00% per annum to December 12, 2032 and 6.00% per annum to December 12, 2035.
The notes are issued in $1,000 denominations, with interest paid each December 12 and principal repayable at maturity if the notes have not been called. Beginning December 12, 2027, and on each June 12 and December 12 through June 12, 2035, JPMorgan may redeem all (but not part) of the notes at par plus accrued interest.
The pricing uses a 30/360 day count, a following business day convention, and provides proceeds to JPMorgan Chase & Co. of $5,236,750 after $63,250 in fees and commissions. The notes are not bank deposits, are not FDIC insured and are subject to issuer credit risk, including potential losses in a resolution scenario described under U.S. resolution and Dodd-Frank frameworks.
JPMorgan Chase & Co. is offering $2,000,000 of callable fixed-rate notes due December 12, 2040, paying 5.35% interest per year on the $1,000 minimum denomination.
Interest is paid annually in arrears on December 12 of each year, starting December 12, 2026, using a 30/360 day count. Beginning March 12, 2028, and then on the 12th of March, June, September and December through September 12, 2040, the issuer may redeem all of the notes at par plus accrued interest.
The notes are issued at $1,000 per note, with selling commissions of $6.50 per $1,000 and total proceeds to the issuer of $1,987,000. They are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, are not FDIC insured, and in a resolution scenario would rank behind creditors of its subsidiaries.
J.P. Morgan’s Kronos US Equity (JPUSKRSP) Index is a rules-based strategy that provides dynamic exposure to the S&P 500 Price Index using three main effects: turn-of-month seasonality, momentum around monthly options expiry and mean reversion into month-end. The Index can shift between 50%, 100% and 150% leveraged long exposure to the S&P 500 depending on price moves versus prior month-end and prior options expiry levels.
The Index is subject to a daily fee of 0.35% per annum and, when leverage is used, a notional financing cost based on the Effective Federal Funds Rate. Materials emphasize that most performance shown from 1954 to 2025 is hypothetical backtested data, not actual tradable history, and that past or simulated returns are not indicative of future results. Key risks include limited live operating history, potential underperformance versus the S&P 500, sensitivity to strategy assumptions and JPMorgan affiliates’ roles as index sponsor and calculation agent.
J.P. Morgan’s Efficiente® Plus DS 5 Index (Net ER) is a rules-based index that allocates across 20 ETFs and a cash index using a momentum and volatility-targeting approach. It rebalances monthly into the basket with the strongest prior 6‑month performance, subject to a 5% historical volatility threshold and concentration limits, and then adjusts daily exposure to target 5% annualized volatility. The Index deducts a 0.85% per annum fee and a notional 3‑month cash financing cost, so it is calculated on an excess return basis.
From November 2015 through November 2025, the Index showed a 10‑year annualized return of 0.99% with 10‑year annualized volatility of 5.72% and a Sharpe Ratio of 0.17. Over the same period, a Domestic 30/70 Portfolio (ER) had a 3.25% annualized return with 6.34% volatility and a Sharpe Ratio of 0.51, while a Global 30/70 Portfolio (ER) had a 1.82% annualized return with 6.18% volatility and a Sharpe Ratio of 0.29. Recent monthly allocations have included sizable weights to the cash index, investment‑grade bonds and selected equity ETFs. The material emphasizes that historical and backtested results are not indicative of future performance and outlines numerous risks, including strategy, volatility, correlation, ETF tracking and market risks.
JPMorgan Chase & Co. is offering $7,975,000 of callable fixed rate notes due December 12, 2040. The notes pay fixed interest at 5.15% per annum, with interest paid yearly on December 12, starting in 2026, using a 30/360 day count.
Beginning December 12, 2027, and every June 12 and December 12 thereafter to June 12, 2040, the issuer may redeem all of the notes at par plus accrued interest. Each note has a $1,000 principal amount and was sold at $1,000, with per‑note fees and commissions of $19.514, resulting in issuer proceeds of $980.486 per $1,000, or $7,819,375 in total.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits or FDIC‑insured, and would rank behind creditors of its subsidiaries in a resolution. Holders could face losses in a Title I or Title II “single point of entry” resolution strategy. The notes are intended for investors able to hold to maturity and accept the associated credit and market risks.
JPMorgan Chase & Co. is offering long-dated callable fixed-rate notes paying 5.80% per year and maturing on December 23, 2055. Interest is paid annually on December 23, starting in 2026, using a 30/360 day count convention.
The notes are callable at JPMorgan’s option at par plus accrued interest on June 23 and December 23 of each year, beginning December 23, 2027 and ending June 23, 2055, so investors face reinvestment risk if the notes are redeemed early.
The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured. In a resolution scenario under the firm’s single point of entry recapitalization strategy, losses would be borne first by shareholders and then by unsecured creditors, including holders of these notes, after claims of priority and secured creditors.
The public offering price per $1,000 note will generally range from $925.10 to $1,000 for certain institutional or fee-based accounts, and selling commissions would typically be about $4.00 per $1,000 note and will not exceed $50.00 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Review Notes linked to the iShares Bitcoin Trust ETF (IBIT) that can be automatically called early if the ETF’s price on a Review Date is at or above the initial level. Investors receive $1,000 per note plus a call premium if called, with minimum premiums of 28.15%, 56.30% or 84.45% at the first, second and final Review Dates, respectively.
If the notes are not called and the ETF’s final price is at or above 50% of the initial level, investors receive only their principal back at maturity. If it falls below that 50% barrier, repayment is reduced one-for-one with the ETF’s loss, and investors can lose more than half, up to all, of their principal. The notes pay no interest, have a minimum denomination of $1,000, are not FDIC insured, and carry both JPMorgan credit risk and the substantial volatility and regulatory risks associated with bitcoin exposure.