JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the worst performer among the Nasdaq‑100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing in December 2028.
The notes aim to provide at least 1.285 times any positive performance of the least performing index at maturity, and a capped positive return equal to the absolute value of losses when that index falls by up to 15%. If the least performing index declines by more than 15%, principal is reduced on a 1‑for‑1 basis beyond that buffer, with up to 85% of principal at risk.
The notes pay no interest, do not provide dividends from index constituents, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not listed on any exchange. The estimated value at pricing is expected to be below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performance of the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, maturing on June 24, 2027. The notes pay a contingent interest rate of at least 9.75% per year (at least $8.125 per $1,000 monthly) only when, on a review date, the closing level of each index is at or above 75% of its initial value.
Starting with the sixth review date, the notes are automatically called if both indices are at or above their initial values, returning $1,000 per note plus that period’s contingent interest, with no further payments. If not called and, at maturity, each index is at or above 75% of its initial value, investors receive $1,000 plus the final contingent interest payment.
If, at maturity, either index is below 75% of its initial value, repayment is reduced one-for-one with the loss on the lesser-performing index, and investors can lose more than 25% and up to all of their principal. The preliminary estimated value is about $957.90 per $1,000 note and will not be less than $900. The notes are unsecured, not FDIC insured, and will not be listed on any exchange.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performance of the Russell 2000® Index and the S&P 500® Index, maturing on December 14, 2026. The notes can pay a quarterly Contingent Interest Payment of at least $27.125 per $1,000 (a rate of at least 10.85% per annum) for each Review Date when both indices close at or above 70% of their Initial Values.
The notes are automatically called, returning $1,000 plus the applicable interest, if on any non-final Review Date both indices are at or above their Initial Values. If the notes are not called and either index ever closes below 70% of its Initial Value during the Monitoring Period and finishes below its Initial Value at maturity, principal is reduced 1% for each 1% decline in the lesser performing index, with the potential for a total loss of principal.
The minimum denomination is $1,000. A preliminary estimated value example is $984.60 per $1,000, and the final estimated value on the pricing date will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering $205,000 of uncapped accelerated barrier notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.435 times any positive performance of the weakest index at maturity, but pay no interest or dividends. If any index finishes below 70% of its initial level, investors lose 1% of principal for each 1% decline in the least performing index, up to a total loss.
The price to the public is $1,000 per note, including $43.50 in selling commissions, while the issuer’s estimated value is $943.50, reflecting embedded costs and hedging. The notes are unsecured, not insured by the FDIC, will not be listed on an exchange and expose holders to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc. The total offering is $3,633,000 in $1,000 denominations.
The notes can pay contingent interest of $38.30 per $1,000 on each of four scheduled 2026 review dates if Meta’s share price is at least 80% of the initial stock price of $647.95, an interest barrier and trigger level of $518.36. The notes are automatically called, returning principal plus the applicable interest, if Meta’s share price on a non-final review date is at or above the initial price.
If the notes are not called and Meta’s final stock price is below the trigger level, investors lose 1.25% of principal for every 1% decline beyond 20%, potentially losing most or all principal at maturity. The estimated value of the notes is $985.60 per $1,000, and they carry the unsecured credit risk of both the issuer and guarantor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering step-up auto callable notes linked to the S&P® Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER, maturing on December 22, 2028.
The notes may be automatically called as early as December 23, 2026 if the Index closes at or above preset call levels, paying back the $1,000 principal plus a call premium of at least 7.75% on the first review date or at least 15.50% on the second. If never called and held to maturity, investors receive full principal plus an additional amount equal to the Index return times a 100% participation rate, with no downside exposure to Index losses.
The notes pay no interest, offer no dividends from Index constituents, and are subject to the credit risk of both issuers. The estimated value is about $958.80 per $1,000 note on the trade date and will not be less than $900.00, and secondary market prices and liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the iShares Bitcoin Trust ETF. The notes can be automatically called on December 28, 2026 if the ETF’s price is at or above the call value, paying back principal plus a call premium of at least $285 per $1,000 note. If not called and the ETF rises by maturity in December 2028, investors receive 1.5 times the ETF’s percentage gain. If the ETF finishes at or above a 70% barrier but below the initial level, principal is returned at par. If the final value is below the barrier, repayment is reduced one-for-one with the ETF loss and investors can lose all principal. The notes pay no interest, are unsecured, have limited liquidity, and embed significant risks tied to bitcoin’s high volatility and the issuers’ credit.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Return Enhanced Notes linked to the iShares Bitcoin Trust ETF (IBIT) maturing on December 21, 2028. The notes provide 1.50x leveraged upside to any increase in the ETF, but gains are capped at a maximum return of at least 115.00%, corresponding to a maximum payment of at least $2,150 per $1,000 note.
On the downside, investors are protected only by a 15.00% buffer; if the ETF falls more than 15.00%, principal is reduced 1% for each additional 1% decline, up to a maximum loss of 85.00%, leaving as little as $150 per $1,000 at maturity. The notes pay no interest, are unsecured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The preliminary estimated value is approximately $928.30 per $1,000 note and will not be less than $900. The product concentrates risk in bitcoin via the ETF, which has limited trading history and is exposed to high volatility, regulatory uncertainty, custody risks, and potential divergence between ETF market price and the value of its bitcoin holdings.
JPMorgan Chase Financial Company LLC is offering auto-callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to pay a premium and return of principal if, on specified Review Dates starting on December 23, 2026, the Index is at or above its Initial Value, triggering automatic call.
The Call Premium Amount per $1,000 note is at least 27.75% on the first Review Date, rising in steps to at least 138.75% on the final Review Date. If the notes are not called and the Final Value is at or above a 50% Barrier Amount, investors receive only their principal at maturity on December 24, 2030; if below the barrier, repayment is $1,000 plus $1,000 × Index Return, so losses can exceed 50% and reach total loss.
The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund exposure, which drags performance and can cause the Index to lag similar strategies without such charges. If priced on the reference date, the estimated value would be about $928 per $1,000 note and will not be less than $900 at pricing, reflecting selling costs and hedging economics. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both the issuer and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering unsecured "Review Notes" linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as December 23, 2026 if the Index is at or above a preset Call Value, paying a fixed premium instead of tracking further upside.
The structure features minimum Call Premium Amounts of $295, $590 and $885 per $1,000 note on the first, second and final review dates. If the notes are never called, principal is protected at maturity only if the Index stays at or above 60% of its initial level; below that barrier, losses match the Index decline and can reach 100% of principal. The Index itself applies a 6.0% per annum daily deduction and uses up to 500% leveraged exposure to E-mini S&P 500 futures, which can magnify volatility and drag on returns. The preliminary estimated value is about $938.40 per $1,000 note and will not be less than $900.00 when finalized.