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.
JPMorgan Chase & Co. is offering $2,571,000 of callable fixed rate notes due December 3, 2055. The notes pay interest at a fixed 5.35% per annum, with interest paid once a year on December 3, starting in 2026. At maturity, investors receive the principal plus any accrued and unpaid interest if the notes have not been redeemed earlier.
Beginning December 3, 2035 and on the 3rd calendar day of June and December each year through June 3, 2055, JPMorgan may redeem the notes in whole at par plus accrued interest. The price to the public is $1,000 per note, with per-note selling commissions of $20.604 and net proceeds to the issuer of $979.396 per $1,000, for total proceeds of $2,518,027.50. The notes are unsecured obligations of JPMorgan and, in a resolution scenario, losses could be imposed on noteholders after equity and ahead of subsidiary creditors.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year MQUSTVA Buffered Equity 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, net of a daily notional financing cost, and its level reflects a 6.0% per annum deduction taken daily.
The notes can be automatically called monthly after an initial one-year non-call period if the index level is at or above its initial value, paying for each $1,000 note a return that includes at least a 16.25% per annum Call Premium. If the notes are not called and, at maturity, the index has fallen by up to the 15.00% buffer, investors receive their $1,000 principal; below that buffer, principal is reduced in line with the further decline. The estimated value at pricing will not be less than $900.00 per $1,000 note, and investors face full issuer and guarantor credit risk, no interest or dividends, limited upside, potential illiquidity, and complex index and leverage risks.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a minimum denomination of $1,000, a scheduled pricing date of December 18, 2025, a final review date of November 20, 2028 and a maturity date of November 24, 2028, with monthly review dates.
The notes pay a contingent interest rate of at least 8.25% per annum, paid monthly, only if the index is at or above an interest barrier set at 85% of the initial value. They can be automatically called if the index on certain review dates is at or above 95% of the initial value, returning principal plus any due interest. At maturity, if not called and the index has fallen more than the 15% buffer, investors lose some or most principal. The index embeds a 6.0% per annum daily deduction and a notional financing cost, and the estimated value of each note at pricing will not be less than $900 per $1,000 face amount. The notes carry credit risk of both the issuer and guarantor and may not be liquid or suitable for all investors.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 3-year callable notes linked to the MerQube US Large-Cap Vol Advantage Index. The index provides rules-based exposure to E-Mini S&P 500 futures with dynamic leverage between 0% and 500% and includes a 6.0% per annum daily deduction.
The notes have a minimum denomination of $1,000, annual review dates and a barrier set at 60% of the initial index level. If on any review date the index level is at or above its initial level, the notes are automatically called, paying back principal plus at least a 29.50% per annum call premium, increasing to at least 59.00% and 88.50% on later review dates. If not called, and the final index level is at or above the barrier, investors receive principal back at maturity; if it is below the barrier, repayment is reduced one-for-one with the index loss, which can result in losing all principal.
The material highlights multiple risks, including full downside exposure below the barrier, the ongoing 6.0% annual index deduction, lack of liquidity, complex tax treatment, and the credit risks of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC is offering Capped Return Enhanced Notes linked to the S&P 500 Index, maturing on December 4, 2031, in $1,000 denominations and fully guaranteed by JPMorgan Chase & Co. The notes pay no interest and do not provide any dividends from the S&P 500 companies.
At maturity, repayment is based on the Index’s average level over specified Initial and Ending Averaging Dates. If the Index falls below its initial averaged level, investors lose 1% of principal for each 1% decline, up to a total loss. If the Index rises, returns are tiered with leverage factors of 0.30, 2.40 and 1.4695 and are capped at a maximum return of at least 144.9055%, corresponding to a maximum payment of at least $2,449.055 per $1,000 note.
The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed, so liquidity depends on J.P. Morgan Securities LLC making a market. The estimated value is about $983.10 per $1,000 note today and will not be less than $950.00 when finalized, reflecting structuring and hedging costs.
JPMorgan is offering 3-year structured notes linked to the MerQube US Tech+ Vol Advantage Index. This index provides rules-based exposure to an unfunded position in the Invesco QQQ Trust, Series 1, reduced by a daily notional financing cost and a 6.0% per annum daily index deduction.
The notes can be automatically called each year if the index level is at least 100% of its initial value, paying back $1,000 plus a call premium that will be at least 29.50% per annum. If not called and, at final observation, the index is at or above 60.00% of its initial value, investors receive full principal; if it is below that barrier, repayment is reduced in line with the index loss and investors can lose some or all of their principal.
The estimated value will be at least $900.00 per $1,000 note when terms are set, and all payments depend on the credit of JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor. The terms highlight significant risks, including leverage in the index, potential lack of liquidity, and multiple conflicts of interest and valuation considerations.