JPMorgan Chase Financial Company LLC is offering $572,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of $28.25 per $1,000 (an 11.30% annual rate, 2.825% per quarter) on each Review Date when the Index is at or above 60.00% of the Initial Value, and may be automatically called starting June 1, 2026 if the Index is at or above the Initial Value.
If the notes are not called and the Final Value is below the 60.00% Trigger Value, repayment of principal is reduced one-for-one with the Index decline, and investors can lose more than 40.00% and up to all of their principal. The Index includes a 6.0% per annum daily deduction, which drags on performance. The price to public is $1,000 per note, while the estimated value at pricing is $900.70, and the notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., maturing December 5, 2030.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Blackstone Inc. The notes, in $1,000 minimum denominations, are scheduled to mature on December 9, 2027 and may be automatically called as early as June 5, 2026 if Blackstone’s share price on a review date (other than the first and final) is at or above the initial price.
Holders can receive a contingent interest payment of at least $30.00 per $1,000 each quarter, equivalent to a contingent interest rate of at least 12.00% per annum, but only when Blackstone’s closing price on the relevant review date is at or above 65.00% of the initial value, which serves as both the interest barrier and trigger value. If the notes are called, investors receive $1,000 plus that period’s contingent interest and no further payments.
If the notes are not called and the final share price is at or above the 65.00% trigger, investors receive $1,000 plus the final contingent interest. If the final price is below the trigger, the maturity payment is reduced one-for-one with the stock’s decline, so investors will lose more than 35.00% of principal and could lose it all. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., offer no dividend rights in Blackstone, are not exchange-listed and may trade below the issue price. The estimated value is indicated at approximately $960.00 per $1,000 and will not be less than $940.00 per $1,000 when finalized, reflecting embedded fees and hedging costs.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 7-year auto-callable notes linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER. The Index targets 5% annualized volatility and is reduced daily by a 0.50% per annum deduction and a notional financing cost.
The notes have a minimum denomination of $1,000, a 100% participation rate and annual review dates from the December 18, 2025 pricing date to a final review on December 20, 2032, with maturity on December 23, 2032. If on any non-final review date the Index is at or above the applicable Call Value, the notes are automatically called and pay back principal plus a Call Premium of at least 8.00% per annum, and then terminate.
If not called, investors receive at maturity full principal repayment per $1,000 note, even if the Index has declined, plus upside based on the Index return multiplied by the 100% participation rate, all subject to the credit risks of the issuer and guarantor. The estimated value, when set, will not be less than $900 per $1,000 note. Key risks include capped upside if called, index deductions and financing cost, non-U.S. equity exposure, limited liquidity, potential conflicts of interest and uncertain tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing DJIA-linked capped notes due December 22, 2028. The notes offer 100% participation in any gain of the Dow Jones Industrial Average, but total return is capped by a maximum additional payment of at least $217.50 per $1,000 note, equivalent to a maximum gain of at least 21.75%.
At maturity, investors receive $1,000 plus any capped upside if the index rises, exactly $1,000 if it is unchanged, and at least $950 per $1,000 note if it falls, so up to 5% of principal can be lost. The notes pay no interest, do not pass through dividends, are unsecured obligations of JPMorgan Financial, and will not be listed, so liquidity depends on dealer bids. The estimated value is about $974 per $1,000 at pricing, and the issuer expects to treat the notes as contingent payment debt instruments for U.S. tax purposes.
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 are designed to return principal at maturity plus a fixed digital return if the index does not fall.
If, on the December 18, 2028 observation date, the index’s final level is greater than or equal to its initial level set on the pricing date, investors receive $1,000 plus at least a 19.00% Contingent Digital Return per $1,000 note. If the final level is below the initial level, investors receive only the $1,000 principal amount at maturity, with no upside.
The index is a rules-based strategy that allocates between a U.S. large-cap equity futures index and a 2‑year U.S. Treasury futures index, targets 3.0% volatility, and deducts a 0.95% per annum fee. The notes pay no periodic interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., may be illiquid, and have complex tax treatment that can require annual accrual of income before cash is received.
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.