JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable fixed rate notes that pay interest at 4.00% per annum. The notes are scheduled to mature on December 22, 2028, when holders are expected to receive their principal back plus any accrued and unpaid interest, if the notes have not been called earlier.
The issuer may redeem the notes early, in whole but not in part, on the 22nd day of March, June, September and December of each year from December 22, 2026 through September 22, 2028, paying principal plus accrued interest. Interest is paid annually in arrears on December 22 of each year, starting in 2026, using a 30/360 day count convention. The notes are unsecured obligations, are not bank deposits and are not insured by the FDIC or any government agency, and involve risks described in the referenced risk factor sections.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the least performing of Advanced Micro Devices, Alphabet Class C and Tesla, maturing in December 2028 and fully guaranteed by JPMorgan Chase & Co. Investors may receive a monthly Contingent Interest Payment for each Review Date on which the price of every reference stock is at least 60% of its Initial Value, with unpaid interest amounts accruing if later conditions are met. The notes can be automatically called as early as December 18, 2026 if each stock closes at or above its Initial Value, returning principal plus the applicable interest for that date.
If the notes are not called and any stock finishes below its 60% Trigger Value at maturity, principal is reduced 1% for each 1% decline in the least performing stock, creating a risk of large or total loss. The illustrative Contingent Interest Rate is 22.00% per annum, and the indicative estimated value is about $960 per $1,000 note, not less than $930, reflecting structuring and hedging costs. The notes are unsecured, will not be listed, pay no dividends from the stocks and involve significant liquidity, market and tax risks.
JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the lesser performer of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a Maximum Upside Return of at least 17.20% and provide a positive return equal to the absolute value of any index decline up to a 10.00% Buffer Amount. Beyond this buffer, investors lose 1% of principal for each additional 1% decline in the lesser performing index, with up to 90.00% of principal at risk at maturity.
The notes pay no interest, do not provide dividends, are unsecured obligations and will not be listed on an exchange, so liquidity will depend on J.P. Morgan Securities LLC making a market. If priced on the date illustrated, the estimated value would be approximately $971.60 per $1,000 note, and the final estimated value disclosed at pricing will not be less than $900.00 per $1,000. The structure suits investors seeking defined exposure to small- and large-cap U.S. equities with limited upside and significant downside risk tied to issuer and guarantor credit quality.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Uncapped Digital Barrier Notes linked to the worst performer of the S&P 500 Index, Russell 2000 Index and Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price around December 19, 2025 and mature on December 22, 2028.
At maturity, if the least performing index is at or above 70% of its initial level, investors receive their $1,000 principal plus the greater of a contingent digital return of at least 21.10% or the actual percentage gain of the least performing index, providing uncapped upside beyond that level. If any index finishes below 70% of its initial level, principal is reduced 1% for every 1% decline of the least performing index, up to a total loss.
The notes pay no interest, provide no dividends, and are not bank deposits or FDIC insured. They are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited liquidity because they will not be listed on an exchange, and an estimated initial value per $1,000 note of about $973.90, not less than $940.00, reflecting structuring and hedging costs.
JPMorgan Chase & Co. is offering callable fixed rate notes due December 22, 2045. The notes pay a fixed interest rate of 5.70% per annum, with interest paid annually on December 23, starting in 2026, and at maturity. At maturity, investors receive their principal back plus any accrued and unpaid interest if the notes have not been redeemed earlier.
JPMorgan may redeem the notes at its option on June 23 and December 23 of each year, from December 23, 2027 through June 23, 2045, at an amount equal to the principal plus accrued interest. The indicative price to the public is $1,000 per $1,000 principal amount, though certain eligible institutional or fee-based accounts may pay between $952.60 and $1,000. Indicative selling commissions are about $5.00 per $1,000 and will not exceed $45.00 per $1,000.
The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the worst performer among AMD, Alphabet (Class C) and Tesla, maturing in December 2028 and fully guaranteed by JPMorgan Chase & Co. Investors may receive monthly contingent interest only if the closing price of each stock on a Review Date is at least 60.00% of its Initial Value, with the rate to be set at not less than 20.00% per annum (about 1.66667% per month).
The notes may be automatically called starting in December 2026 if each stock is at or above its Initial Value on a relevant Review Date, in which case investors receive principal plus the applicable interest, but no further payments. If the notes are not called and the worst-performing stock finishes below its Trigger Value (also 60.00% of Initial Value), principal is reduced 1-for-1 with that decline, potentially to zero.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., offer no dividend rights in the underlying stocks, may have limited liquidity and feature an estimated value of about $930 per $1,000 note at launch, not less than $900, reflecting embedded fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC plans to issue Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, the S&P 500 Equal Weight Index and the Energy Select Sector SPDR Fund, maturing on January 22, 2027 and guaranteed by JPMorgan Chase & Co. The notes offer at least 1.30x upside participation if all three underlyings finish above their initial values, and a positive, uncapped return when the least performer rises. If the least performing underlying is flat or down by up to 15%, investors receive a gain equal to the absolute decline, capped at a 15% return. If any underlying falls by more than 15%, investors lose 1% of principal for each percentage point beyond the 15% buffer, with up to 85% principal loss. The notes pay no interest or dividends, are unsecured, will not be listed on an exchange, and their value is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $989.10 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing on January 7, 2030. The notes provide uncapped, unleveraged exposure to any gain in the worst-performing index at maturity, with a contingent digital return of at least 47.60% if all three indices finish at or above their initial levels.
If any index finishes below its initial level but all remain at or above 75% of their initial values, investors receive only their principal back. If any index closes below 75% of its initial value, repayment is reduced 1% for each 1% decline in the least performing index, and all principal can be lost. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed, so liquidity may be limited. If priced today, the estimated value would be about $960.20 per $1,000 note, and the final estimated value will not be less than $930.00.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performing of the Russell 2000 Index and the EURO STOXX 50 Index, maturing in December 2029. Investors receive a Contingent Interest Payment on each Review Date only if both indices close at or above 70% of their Initial Values; otherwise no interest is paid for that period. The notes may be automatically called as early as December 2026 if both indices are at or above their Initial Values, returning principal plus the applicable contingent interest.
The notes expose investors to potential loss of more than 30% and up to all of their principal if, at maturity, the lesser performing index finishes below its Trigger Value of 70% of its Initial Value. A hypothetical Contingent Interest Rate of 8.00% per annum (2.00% per quarter) is used in payout examples, and the estimated value is indicated at about $950, not less than $930, per $1,000 note, reflecting embedded costs and hedging. The notes are unsecured, not FDIC insured, will not be listed on an exchange and carry complex tax and liquidity risks.
JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering capped digital notes linked to the Russell 2000, S&P 500 and Nasdaq-100, maturing on June 21, 2027.
The notes pay no periodic interest but are designed to return full principal at maturity, subject to the credit risks of the issuer and guarantor. If on the June 15, 2027 observation date the final level of each index is at or above its initial level, holders receive a fixed return of at least 9.15%, for a total of $1,091.50 per $1,000 note at maturity; otherwise they receive only the $1,000 principal.
The notes are unsecured, will not be listed on any securities exchange, and are issued in minimum denominations of $1,000. A preliminary estimated value is about $984.30 per $1,000 note today, and will not be less than $950.00 per $1,000 when terms are set, reflecting selling commissions, hedging costs and internal funding rates, so secondary market prices are expected to be below the original issue price.