JPMORGAN CHASE & CO SEC Filings

J.P. Morgan is offering 5-year auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, which itself references the Invesco QQQ Trust with leverage and a 6.0% per annum daily fee plus a notional financing cost. The notes have monthly review dates, can be automatically called after year one if the Index is at or above its initial level, and pay a contingent interest rate of at least 7.75% per year (0.64583% per month) only when the Index is at or above 80% of its initial value.

At maturity, if the notes are not called and the Index is at or above 70% of its initial value, investors receive full principal plus any due contingent interest. Below the 70% buffer threshold, principal is reduced based on Index losses beyond the 30% buffer, with examples showing substantial losses if the Index falls sharply. The estimated value at pricing will be at least $900 per $1,000 note, and all payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., with additional risks from leverage, Index design, limited liquidity, and potential conflicts of interest.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year buffered equity notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a $1,000 minimum denomination and are tied to an index that targets volatility, can adjust exposure to its underlying QQQ-based strategy between 0% and 500%, and reflects a 6.0% per annum daily index deduction plus a daily financing cost on the QQQ Fund exposure.

The notes offer an automatic call feature: on each annual review date, if the index is at or above its initial level, the notes are called for $1,000 plus a call premium of at least 16.25% per annum, with higher minimum total premiums at later review dates. If the notes are not called, a 30% buffer protects against moderate index declines at maturity. If the final index value is more than 30% below its initial level, repayment of principal is reduced one-for-one beyond the buffer, and investors can lose most or all of their investment.

Payments depend on the performance of the index and are subject to the credit risk of the issuer and guarantor. The estimated value at pricing is expected to be at least $900 per $1,000 note, which may be lower than the purchase price.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering two-year capped digital notes linked to the J.P. Morgan Dynamic Blend℠ Index, which allocates between S&P 500 futures and 2-year U.S. Treasury futures while targeting 3.0% volatility and deducting 0.95% per year.

If the Index’s final value on December 20, 2027 is at or above its initial value, investors receive their $1,000 principal plus a contingent digital return of at least 10.25%. If the Index is lower, investors receive only their principal at maturity, assuming the issuer and guarantor remain creditworthy.

The notes have an estimated value of at least $900 per $1,000 at pricing and carry significant risks, including limited upside capped at the digital return, dependence on the issuer’s and guarantor’s credit, potential lack of liquidity, index strategy and futures- related risks, and possible conflicts of interest because JPMorgan affiliates design, calculate and may hedge the Index and its constituents.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year auto-callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index. The Index uses leveraged exposure (0%–500%) to gold futures and applies a 6.0% per annum daily deduction.

The notes pay a contingent interest rate of at least 11.00% per year, credited quarterly at at least 2.75%, but only if on a review date the Index is at or above 60% of its initial level. The notes can be automatically called on quarterly review dates if the Index is at or above its initial level, returning principal plus that period’s interest.

If the notes are not called and the Index finishes at or above 60% of its initial level, investors receive principal plus the final contingent interest payment. If the final Index value is below 60% of the initial level, investors lose 1% of principal for each 1% the Index has fallen from its initial level and could lose their entire investment. The estimated value when set will be at least $900 per $1,000 note, and all payments depend on the credit of the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering capped digital notes linked to the J.P. Morgan Dynamic BlendSM Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes aim to pay a fixed return of at least 10.25% at maturity if the Index’s Final Value is at or above its Initial Value; in that case, investors receive $1,000 plus the Contingent Digital Return per note.

If the Final Value is below the Initial Value, investors receive only the $1,000 principal per note at maturity, with no upside from the Index and no protection against inflation. The Index is a rules-based strategy that allocates between S&P 500® futures and 2‑Year U.S. Treasury futures, targets 3.0% volatility, and deducts a 0.95% per annum fee from performance.

The notes pay no periodic interest, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not listed on any exchange, and secondary market prices are expected to be below the $1,000 price to public. The estimated value at launch would be about $957.50 per $1,000 note, and will not be less than $900.00 per $1,000 note when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index (MQUSGVA). The index provides rules-based exposure to gold futures with leverage between 0% and 500% and is reduced by a 6.0% per annum daily fee.

The notes have a $1,000 minimum denomination, a pricing date of December 19, 2025, a final review date of December 19, 2030, and mature on December 24, 2030, with quarterly review dates. They pay a contingent interest rate of at least 13.50% per year, or at least 3.375% per quarter, but only if the index is at or above 60% of its initial value on the relevant review date.

If on any non-initial, non-final review date the index closes at or above its initial level, the notes are automatically called and pay back $1,000 plus that period’s contingent interest, with no further payments. At maturity, if not previously called and the final index value is at or above 60% of the initial value, holders receive $1,000 plus the final contingent interest payment. If the final value is below 60% of the initial value, repayment is reduced dollar-for-dollar with the index decline, and investors can lose most or all of their principal.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Capped Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices, maturing on December 21, 2029. The notes have a 150% participation rate in the positive return of the worst‑performing index, but gains are capped at a Maximum Amount of at least $250 per $1,000 note (a maximum return of at least 25%).

Principal is repaid in full at maturity as long as JPMorgan Financial and JPMorgan Chase & Co. meet their obligations; there is no downside exposure to index declines beyond the loss of time value. The notes pay no interest and do not provide dividends on the underlying stocks. They are offered in minimum denominations of $1,000 and will not be listed on an exchange.

If priced on the date shown in the example, the estimated value would be about $945 per $1,000 note, and will not be less than $900 at pricing, reflecting selling commissions, structuring and hedging costs. Historical index levels and detailed tax treatment, including intended treatment as contingent payment debt instruments, are provided to help buyers understand performance scenarios and tax implications.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year notes linked to the MerQube US Tech+ Vol Advantage Index. The index provides rules-based exposure to an unfunded position in the Invesco QQQ Trust, with exposure that can range from 0% to 500%, and its level reflects a 6.0% per annum deduction plus a daily notional financing cost.

The notes can be automatically called each year if the index is at or above 100% of its initial value on a review date, paying back principal plus a call premium of at least 27.75% per annum. If the notes are not called and the final index value is at or above 50% of the initial value, investors receive principal at maturity; if it is below 50%, repayment is reduced in line with the index loss and investors can lose most or all of their principal. The estimated value at pricing will be at least $900 per $1,000 note, and payments depend on the credit of the issuer and guarantor.

JPMorgan Chase & Co. is offering callable fixed rate notes due December 22, 2045. The notes pay a fixed interest rate of 5.65% per annum, with interest paid annually on December 23, starting in 2026, and the principal repaid at maturity if the notes have not been called.

The issuer may redeem the notes at par plus accrued interest on June 23 and December 23 of each year from December 23, 2027 through June 23, 2045. The notes are senior unsecured obligations of JPMorgan Chase & Co., but are structurally subordinate to the liabilities of its subsidiaries.

The pricing terms allow certain institutional and fee-based accounts to buy the notes between $952.60 and $1,000 per $1,000 principal amount. The notes are not bank deposits, are not insured by the FDIC, and could be subject to loss under JPMorgan Chase & Co.’s preferred single-point-of-entry resolution strategy in a bankruptcy or Title II resolution.