JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $500,000 of market-linked securities tied to the lowest performer of the S&P 500 Index, the Dow Jones Industrial Average and Blackstone Inc. common stock, maturing on December 6, 2029.
Each $1,000 security can pay up to $1,586 at maturity, a 58.60% contingent fixed return, if the lowest underlying finishes at or above its starting value. If the lowest ends below its starting value but at or above 60% of that starting level, the payout is $1,000 plus 150% of that index or stock’s absolute percentage move. If it falls below 60%, repayment drops in line with the decline in the lowest underlying, so more than 40% and possibly all principal can be lost.
The price to the public is $1,000 per security, including $2.50 in selling commissions, for issuer proceeds of $997.50 per security and total proceeds of $498,750. JPMorgan estimates the value at $952.70 per security, reflecting selling, structuring and hedging costs, and notes these unsecured obligations are not bank deposits and are not insured by the FDIC or any other government agency.
JPMorgan Chase Financial Company LLC is offering $1,466,000 of Capped Buffered Return Enhanced Notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 2.00 times any positive index performance at maturity, up to a maximum return of 29.15% (maximum payment of $1,291.50 per $1,000 note) on December 9, 2027.
If the index falls by up to the 10.00% buffer, investors receive their principal back, but declines beyond that reduce repayment 1% for each additional 1% drop, up to a 90.00% loss of principal. The notes pay no interest or dividends, are issued in $1,000 minimum denominations, and are unsecured obligations exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with no FDIC or other governmental insurance.
Each note is sold at $1,000, including $6.00 in selling commissions, for net proceeds of $994.00 per note to the issuer and an estimated initial value of $989.60 based on internal models and funding rates. The notes will not be listed on any securities exchange, so any secondary trading would rely on J.P. Morgan Securities LLC and may occur at prices below the original issue price.
JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the lesser performance of the Invesco QQQ Trust, Series 1 and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to June 17, 2027 and provide 1.00x exposure to any gain in the weaker underlying, up to a maximum return of at least 36.85%, or at least $1,368.50 per $1,000 at maturity.
Investors receive no interest or dividends and benefit from a 15.00% downside buffer; if either underlying falls by more than 15%, principal loss matches the decline beyond the buffer, up to an 85.00% loss of principal. The preliminary estimated value is about $989.40 per $1,000, and at pricing will not be less than $960.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured, not FDIC insured and will not be listed, so liquidity will rely on dealer bids.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., plans to issue structured notes linked to the J.P. Morgan Multi-Asset Index, maturing on January 5, 2029. The notes do not pay periodic interest but aim to return the full $1,000 principal at maturity, subject to the credit risks of both entities, plus an Additional Amount based on index performance.
The Additional Amount equals $1,000 × Index Return × a participation rate of at least 308.00%, with no downside participation if the index finishes at or below its initial level. The index allocates dynamically across equity, bond and commodity futures, applies a 1.00% per annum daily deduction, and targets a volatility threshold initially set at 4%. If the notes priced on the example date, their estimated value would be about $957.70 per $1,000 and will not be less than $900.00 per $1,000 when finalized.
The filing highlights significant risks, including complex index rules, potential short positions, lack of liquidity, an estimated value below issue price, and tax treatment as contingent payment debt instruments requiring annual accrual of original issue discount.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note can pay a monthly contingent coupon of at least $16.2917, equal to a rate of at least 19.55% per year, when Palantir’s share price on a review date is at or above 60% of its initial level.
The notes may be automatically called as early as March 10, 2026 if Palantir closes at or above its initial price on an eligible review date, returning $1,000 plus the applicable coupon and ending future payments. If not called and the final share price is at least 50% of the initial level on June 10, 2027, investors receive $1,000 per note plus any last coupon at maturity on June 15, 2027; below 50%, repayment falls in line with the stock loss, and investors can lose most or all principal. The notes are unsecured, not FDIC insured, will not be listed on an exchange, and have an estimated economic value of about $956.70 per $1,000 today, which the issuer states will not be less than $900.00 per $1,000 when terms are finalized.
JPMorgan Chase Financial Company LLC is issuing auto callable contingent interest notes linked to the Russell 2000® Index, the S&P 500® Index and the Utilities Select Sector SPDR® Fund, in an aggregate amount of $6,376,000. Each note has a $1,000 denomination, pays a contingent coupon at a rate of 9.80% per annum (0.81667% monthly) only if, on a given monthly review date, the closing value of each underlying is at least 70% of its Initial Value, and may be automatically called quarterly if all underlyings are at or above their Initial Values.
If the notes are not called and, on the final review date, any underlying finishes below 70% of its Initial Value, investors lose principal on a 1-for-1 basis, potentially up to a total loss. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of $969 per $1,000 at pricing versus a public offering price of $1,000, and will not be listed, so liquidity and secondary market prices may be limited.
JPMorgan Chase Financial Company LLC is offering $1,484,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes can be automatically called as early as December 7, 2026 if the index closes at or above 100% of its initial level, paying $1,000 per note plus a call premium that starts at 18.25% and can reach 91.25% on the final review date.
If never called, principal is protected only by a 15% buffer; if the index falls more than 15%, investors lose 1% of principal for every 1% decline beyond that, up to an 85% loss at maturity. The index embeds a 6.0% annual deduction and a daily notional financing cost, which drag on performance versus the QQQ-based strategy it references.
The notes are issued in $1,000 denominations with selling commissions of $44 per note, total proceeds to the issuer of $1,418,704, and an estimated value of $906.50 per $1,000. They pay no interest or dividends, are not FDIC insured, are subject to JPMorgan credit risk and may have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Buffered Digital Notes linked to the worst performer of NVIDIA, Alphabet Class C, and Oracle shares, maturing on January 14, 2027.
The notes target a fixed return of at least 22.00% per $1,000 note at maturity if each stock finishes at or above its initial price, or down to 25.00% below it. If any stock falls by more than 25.00%, repayment is reduced point‑for‑point beyond that buffer, with losses up to 75.00% of principal. The minimum denomination is $1,000, the buffer is 25.00%, and an example estimated value is $967.60 per $1,000, reflecting embedded fees and hedging costs. Investors forgo interest and dividends, face issuer and guarantor credit risk, and may encounter limited secondary market liquidity.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the S&P 500® and EURO STOXX 50® indices. The notes pay a quarterly Contingent Interest Payment of at least $22.50 per $1,000 of principal when, on a review date, each index is at or above 76.59% of its initial level, with any missed coupons potentially paid later if the barrier is met. The notes are automatically called, returning $1,000 plus the applicable coupon and any unpaid coupons, if on a non-final review date both indices are at or above their initial levels. If the notes are not called and on the valuation date any index finishes below its 76.59% trigger level, repayment of principal is reduced 1% for every 1% decline in the lesser-performing index, which can result in a total loss of principal. The notes mature in December 2026, are issued at $1,000 per note with an estimated value of about $978.40, and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering unsecured “Review Notes” linked to the lesser performing of the iShares Silver Trust (SLV) and the VanEck Gold Miners ETF (GDX), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to December 28, 2028 and can be automatically called on review dates in 2026, 2027 and 2028 if each fund closes at or above its applicable Call Value.
If called, holders receive $1,000 plus a Call Premium Amount of at least 26.50%, 53.00% or 79.50% of principal, depending on the review date. If not called and the final value of each fund is at least 65.00% of its Initial Value (the Barrier Amount), investors get back principal; if either fund finishes below 65.00%, the payoff is $1,000 plus $1,000 multiplied by the lesser performing fund return, so more than 35.00% and potentially all principal can be lost.
The notes pay no interest or dividends and are subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk. The estimated value, if priced today, would be about $950.00 per $1,000 note, and when set will not be less than $930.00, reflecting selling commissions, structuring fees and hedging costs embedded in the price to public.