JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the iShares Bitcoin Trust ETF. Each note has a $1,000 denomination and can be automatically called on December 21, 2026 if the ETF’s closing price is at or above the Call Value, which is set at 100% of the Initial Value. If called, investors receive $1,000 plus a Call Premium Amount of at least $232.50 per $1,000, ending the investment early.
If the notes are not called and the ETF finishes above the Initial Value on the December 18, 2028 Observation Date, investors receive $1,000 plus 1.50 times the ETF’s positive return. If the final price is between the Initial Value and the 70% Barrier Amount, principal is returned. If the final price falls below the Barrier Amount, repayment is reduced one-for-one with the ETF’s loss and investors can lose most or all of their principal.
The notes pay no interest, are unsecured obligations of JPMorgan Chase Financial guaranteed by JPMorgan Chase & Co., and expose investors to both bitcoin-related volatility and the issuers’ credit risk. The current estimated value is about $928.20 per $1,000 note and will not be less than $900 when terms are finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity IndexSM, maturing on December 24, 2030. These structured notes provide at least 1.85x the Index’s positive return at maturity, with no explicit cap on upside.
If the final Index level is at or above 70% of the initial value, investors receive at least their full $1,000 principal per note; if it is below that barrier, repayment is reduced one-for-one with the Index loss and can fall to $0. The notes pay no interest, are unsecured obligations of JPMorgan Financial, and all payments are subject to the credit risk of both the issuer and the guarantor. The preliminary estimated value is indicated at about $961.70 per $1,000 note, and will not be less than $900.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked separately to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing in November 2027. The notes pay a monthly contingent coupon of at least 6.40% per annum equivalent if, on a review date, each index closes at or above 55% of its initial level; otherwise no interest is paid for that period.
The issuer can redeem the notes early on specified interest payment dates, returning principal plus any due contingent interest, which would stop future payments. At maturity, if any index finishes below its 55% trigger level, investors lose 1% of principal for each 1% decline in the least performing index and could lose their entire investment. The notes are unsecured obligations, will not be listed, have limited liquidity, and their estimated value at pricing is expected to be below the $1,000 issue price due to selling costs and hedging-related factors.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the worst performer of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index, maturing on December 12, 2030. The notes give investors uncapped, unleveraged upside to the least performing index at maturity, with a contingent minimum digital return of at least 60.00% if all three indices finish at or above their initial levels.
If any index finishes below its initial level but each remains at or above 70.00% of its initial level (the barrier), investors receive only their principal back. If any index closes below the 70.00% barrier, repayment is reduced one‑for‑one with the decline of the least performing index, and investors can lose some or all of their principal.
The notes pay no interest, do not provide dividends on underlying stocks, and will not be listed on an exchange. They are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. For illustration, the issuer cites an estimated value of about $950 per $1,000 note, with a minimum estimated value of $930, reflecting embedded fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index®, maturing on June 9, 2027. The notes provide unleveraged exposure to index gains up to a Maximum Upside Return of at least 17.45%, and positive returns on index declines of up to a 15.00% buffer, giving up to $1,150 per $1,000 note if the index falls by 15% or less.
If the index drops more than 15%, investors lose 1% of principal for each additional 1% decline, for a potential loss of up to 85.00% of principal at maturity. The notes pay no interest, do not provide dividends from index constituents, and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $989.50 per $1,000 note and will not be less than $950.00 when finalized.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Barrier Notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, maturing on January 15, 2027. The notes target a fixed return of at least 9.00% at maturity if, on the January 12, 2027 observation date, the final level of each index is at least 70% of its initial level. If either index finishes below this 70% barrier, repayment is reduced one-for-one with the decline of the worse-performing index, so investors can lose more than 30% and up to all of their principal.
The notes are unsecured, unsubordinated obligations of the finance subsidiary, with payments subject to the credit risk of both the issuer and JPMorgan Chase & Co. They pay no periodic interest, provide no dividend exposure, will not be listed on an exchange, and may trade at prices below the $1,000 issue price. The preliminary estimated value is about $990.80 per $1,000 note and will not be less than $960.00 at pricing, reflecting structuring and hedging costs. The tax treatment is uncertain and may differ from the issuer’s intended “open transaction” treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to the Nasdaq-100 Index, the Russell 2000 Index and the Utilities Select Sector SPDR Fund, maturing on December 14, 2028.
The notes can pay a monthly contingent coupon of at least 10.10% per annum (about 0.84167% per month) for each review date when every underlying closes at or above 70% of its initial value. Starting with the June 10, 2026 review, the notes are automatically called if each underlying is at or above its initial value, returning $1,000 per note plus that period’s coupon, with no further payments.
If the notes are not called and any underlying finishes below 65% of its initial value at final maturity, repayment of principal is reduced one-for-one with the decline in the worst performer, and investors can lose more than 35% and up to all of their principal. The minimum denomination is $1,000, selling commissions are capped at $7 per $1,000, and the estimated value is about $970.60 per $1,000 note, not less than $900.
JPMorgan Chase & Co. is offering unsecured senior callable fixed rate notes due December 17, 2029. The notes pay interest at a fixed rate of 4.15% per year, calculated on a 30/360 basis and paid in arrears each year on December 17, beginning in 2026 and ending at maturity, if the notes have not been called.
Starting on December 17, 2027, and then on March 17, June 17, September 17 and December 17 through September 17, 2029, JPMorgan may redeem all (but not part) of the notes on any redemption date at par plus accrued and unpaid interest. At maturity, if the notes remain outstanding, investors receive their principal back plus any accrued interest.
The notes are not bank deposits, are not insured by the FDIC, and rank as unsecured obligations of JPMorgan Chase & Co. In a bankruptcy or resolution scenario, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, who are structurally junior to creditors of JPMorgan’s subsidiaries.
JPMorgan Chase & Co. is offering callable step-up fixed rate notes due December 12, 2035. The notes pay annual interest in arrears on December 12 of each year, starting December 12, 2026. The interest rate is 4.50% per annum from December 12, 2025 to December 12, 2029, 5.00% per annum from December 12, 2029 to December 12, 2032, and 6.00% per annum from December 12, 2032 to December 12, 2035, calculated on a 30/360 day-count basis.
JPMorgan may redeem the notes at par plus accrued interest on June 12 and December 12 of each year from December 12, 2027 through June 12, 2035, which could limit investors’ ability to benefit from higher future market rates. At maturity, if not called earlier, holders receive the principal plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., rank behind creditors of its subsidiaries in a resolution scenario, are not bank deposits and are not FDIC insured.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year, non-call 1-year auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, which references the Invesco QQQ Trust with dynamic leverage and a 6.0% per annum daily fee and notional financing cost.
The notes have a minimum denomination of $1,000 and offer a contingent interest rate of at least 11.00% per annum, paid monthly if the index stays at or above 70% of its initial level on a review date. The notes can be automatically called after the first year if the index closes at or above its initial level, paying back principal plus the applicable interest.
If not called, repayment at maturity depends on index performance: full principal plus the final interest payment is returned if the final index level is at or above the 70% buffer threshold, but investors lose some or most of their principal if the final level falls below that threshold. The estimated value will be at least $900 per $1,000 note, and all payments depend on the credit of the JPMorgan entities.