JPMorgan Chase Financial Company LLC is offering $3,000,000 of capped bearish notes linked to the ARK Next Generation Internet ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, pay no interest and are issued in $1,000 minimum denominations.
At maturity on March 10, 2027, holders receive $1,000 plus a bearish return if the fund has fallen, equal to 100% of its decline, capped at an additional $300 per $1,000 note for a maximum 30% gain. If the fund is unchanged, investors receive only their principal, and if it has risen they lose 1% of principal for each 1% increase, up to a maximum loss of 15%, so repayment will be at least $850 per $1,000 note.
The initial fund value on the pricing date was $155.82. The price to public is $1,000 per note, including $6 in selling commissions, while the estimated value at pricing was $981.10, reflecting selling, structuring and hedging costs and the issuer's internal funding rate. Key risks include issuer and guarantor credit risk, no dividends or listing, and exposure to the actively managed, volatile ARK Next Generation Internet ETF and its focus on disruptive innovation, smaller-cap and non-U.S. stocks.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the lesser performance of the Russell 2000® Index and the S&P 500® Index, due December 27, 2030. The notes pay a contingent monthly coupon at a rate of at least 6.50% per annum (0.54167% per month) only when the closing level of each index on a review date is at least 75% of its initial value.
At maturity, if not called and each index is at or above 85% of its initial value, investors receive full principal plus the final contingent coupon; otherwise principal is reduced 1% for each 1% decline of the lesser-performing index beyond the 15% buffer, for a loss of up to 85%. The price to public is $1,000 per note, while the estimated value is about $941.80 today and will not be less than $900 per $1,000 at pricing. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is issuing $827,000 of capped buffered equity notes linked to the S&P 500 Index, scheduled to mature on December 8, 2028.
The notes offer 1.00x participation in any index appreciation at maturity, up to a maximum return of 33.00%, for a maximum payment of $1,330.00 per $1,000 principal amount note. A 20.00% buffer protects principal against moderate declines, but if the index falls by more than 20.00%, investors lose 1% of principal for each additional 1% drop, with losses up to 80.00% of principal possible.
The notes pay no interest, provide no dividends from index constituents, and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. They will not be listed on any exchange. The price to public is $1,000 per note, including $9.50 in selling commissions, while the estimated value at pricing was $981.50, reflecting selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due November 22, 2027, linked to the worst performer among the S&P 500 Index, Nasdaq-100 Index and VanEck Semiconductor ETF. The notes pay monthly contingent interest of at least 0.8875% (at least 10.65% per year) for each review date when every underlying closes at or above 70% of its initial value.
The issuer can redeem the notes early on specified interest payment dates starting June 23, 2026, returning $1,000 per note plus any due interest. Principal is at risk: if at maturity any underlying finishes below 60% of its initial value, repayment is reduced in line with the decline of the worst performer, and all principal can be lost. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of about $958.50 per $1,000 note on the pricing date and not less than $900.00.
JPMorgan Chase Financial Company LLC is offering auto callable buffered equity notes linked to the common stock of Broadcom Inc., in an aggregate amount of $10,539,000, at $1,000 per note. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on December 18, 2026 if Broadcom’s share price is greater than or equal to the initial price of $390.24, paying $1,000 plus a 25.80% call premium per note. If not called and held to the December 9, 2027 maturity, holders receive the greater of Broadcom’s price gain and a 51.60% Contingent Minimum Return if the final price is at or above the initial price, full principal back if it is down by up to 25.00%, and losses of 1.33333% of principal for each 1% decline beyond that buffer.
The notes pay no interest or dividends, are not bank deposits or FDIC insured, and are subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The estimated value at pricing was $972.90 per $1,000 note, below the $1,000 price to the public.
JPMorgan Chase Financial Company LLC is offering $2,237,000 of Callable Contingent Interest Notes due November 10, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of $7.9583 per $1,000 (a 9.55% per annum rate) only if on each Review Date the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index are each at or above 75% of their Initial Values. If any index is below this Interest Barrier on a Review Date, no interest is paid for that month.
JPMorgan may redeem the notes early, in whole, on any Interest Payment Date starting March 10, 2026 (except the first, second and final dates), paying $1,000 plus any due contingent interest. If the notes are not redeemed early and, at maturity, each index is at or above 70% of its Initial Value, investors receive $1,000 per note plus any final contingent interest. If any index finishes below 70%, repayment is reduced in line with the Least Performing Index, and investors can lose more than 30% and up to all of their principal. The estimated value at pricing was $960.60 per $1,000, lower than the $1,000 issue price, reflecting selling commissions, structuring and hedging costs, and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Equity Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on December 28, 2026 if the index is at or above its initial level, paying $1,000 plus a call premium of at least 8.65% per note on the call settlement date.
If not called and the index is at or above its initial level on the December 13, 2027 valuation date, holders receive uncapped upside to index gains, subject to a contingent minimum return of at least 17.30% (for example, $1,173 per $1,000 note). A 15.00% downside buffer protects against moderate declines; below that, principal is reduced by 1.17647% for each additional 1% index drop, so some or all principal can be lost.
The notes pay no interest or dividends, are unsecured and unsubordinated, will not be listed on an exchange, and are subject to the credit risk of both the issuer and guarantor. If the notes priced on the indicated date, the estimated value would be about $978.70 per $1,000, and the final estimated value will not be less than $960.00 per $1,000. Separately, J.P. Morgan has committed aggregate donations of $700,000 to Blue Star Families, which are not contingent on note sales and do not affect the note terms.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Amazon.com, Inc. The notes pay a contingent coupon of at least $40.75 per $1,000 principal on each Review Date if Amazon’s share price is at or above 85% of its Initial Stock Price, with missed coupons potentially paid later if the condition is met on a future Review Date.
The notes can be automatically called as early as April 10, 2026 if Amazon’s share price is at or above its Initial Stock Price, returning $1,000 plus the applicable coupon and any unpaid coupons. If the notes are not called and Amazon’s Final Stock Price is below 85% of the Initial Stock Price, investors lose 1.17647% of principal for every 1% decline beyond the 15% buffer, which can result in a substantial or total loss of principal. The illustrative estimated value is about $979.60 per $1,000 note and will not be less than $960.00 when finalized.
JPMorgan Chase Financial Company LLC is offering $8,490,000 of capped buffered enhanced participation basket-linked notes due 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest and repay at maturity based on an unequally weighted basket of five equity indexes: EURO STOXX 50 (38%), TOPIX (26%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). Investors receive 1.5x any basket gain, capped at a maximum payment of $1,135.75 per $1,000 note, and are protected against up to a 10% basket decline; beyond that, losses increase at roughly 1.1111x and can reach 100% of principal.
The notes are unsecured obligations subject to the credit risk of the issuer and guarantor, are not listed or redeemable, and had an estimated value at pricing of $983.60 per $1,000, below the 100% issue price due to selling commissions and hedging and issuance costs.
JPMorgan Chase Financial Company LLC is offering $3,960,000 of Buffered Digital Notes linked to the lesser performing of the S&P 500 Index and the Nasdaq-100 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on January 8, 2027 and are issued in $1,000 minimum denominations.
If on the January 5, 2027 observation date the final level of each index is at least 85% of its initial level, holders receive a fixed 8.70% return at maturity, or $1,087 per $1,000 note. A 20% downside buffer applies if either index falls but not by more than 20% from its initial level, in which case principal is repaid.
If either index declines by more than 20%, repayment is reduced 1% for each 1% loss beyond the buffer, up to a maximum 80% loss of principal. The notes pay no periodic interest, provide no dividends from index constituents, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on a securities exchange.