JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target at least 2x any positive performance of the worst-performing index at maturity, with no upside cap.
The notes have a barrier set at 80% of the initial level for each index. If every index finishes at or above its barrier, investors receive at least their full principal; if any index closes below its barrier, repayment is reduced one-for-one with the decline of the least performing index and investors can lose all principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, will not be listed on an exchange and may have limited liquidity. The preliminary estimated value is about $986.80 per $1,000 note, reflecting embedded fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about December 1, 2025 and mature on December 6, 2028, with minimum denominations of $1,000.
The notes may pay a monthly contingent interest at a rate expected to be at least 8.00% per annum, but only for Review Dates when each index closes at or above 75.00% of its Initial Value. Principal is at risk: if at maturity the least performing index closes below 65.00% of its Initial Value, repayment will be reduced 1% for each 1% decline, potentially resulting in a total loss. The issuer estimates the current value at approximately $948.80 per $1,000 note, and states it will not be less than $900.00 when finalized, reflecting embedded fees and hedging costs.
The notes can be called early at the issuer’s option on specified interest payment dates starting June 4, 2026, which would stop further interest. They are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may have limited or no secondary liquidity.
JPMorgan Chase Financial Company LLC is offering unsecured Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to November 5, 2027 and can be called early, in whole, on specified interest payment dates starting March 5, 2026.
Investors may receive a Contingent Interest Payment on each review date only if the closing level of each index is at least 70% of its Initial Value. The illustrative Contingent Interest Rate is 9.25% per annum, paid monthly at 0.77083%, and the rate will be at least 9.25% per annum when set. If the notes are not redeemed early and the final level of the least performing index is below its trigger value (70% of its Initial Value), principal is reduced 1% for every 1% decline and up to all principal can be lost.
The price to the public is $1,000 per note in minimum denominations of $1,000. If priced on the indicated date, the estimated value would be about $966.70 per $1,000, and at pricing it will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are not bank deposits, are not FDIC insured, may be illiquid, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, due December 17, 2030.
Each note has a $1,000 denomination. If on a Review Date the Index closes at or above 57.00% of the Initial Value (the Interest Barrier), investors receive a Contingent Interest Payment for that month plus any previously unpaid interest. The notes may be automatically called starting on December 14, 2026 if the Index is at or above its Initial Value on an eligible Review Date.
If the notes are not called and the Final Value is below the 85.00% Buffer Threshold, principal is reduced 1% for each 1% decline beyond the 15.00% buffer, for a possible loss of up to 85.00% of principal. If priced today, the estimated value would be about $914.10 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance, and all payments are subject to the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Energy Select Sector SPDR Fund, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only if, on a Review Date, the closing value of each underlying is at or above 70% of its Initial Value. The hypothetical Contingent Interest Rate is 12.65% per annum (1.05417% per month), with the actual rate to be at least this level.
The notes can be automatically called as early as March 2, 2026 if each underlying is at or above its Initial Value, in which case investors receive principal plus the applicable contingent interest and no further payments. If the notes are not called and the least performing underlying finishes below its Trigger Value of 70% at maturity, repayment of principal is reduced one-for-one with the loss in that underlying, and investors can lose most or all of their investment.
The minimum denomination is $1,000. If priced on the date shown, the estimated value would be about $982.50 per $1,000 note and will not be less than $900.00 at pricing, reflecting embedded selling, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange and may have limited or no liquidity. U.S. and non-U.S. tax treatment of contingent interest is complex, and non-U.S. holders may face 30% withholding absent treaty relief.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes can be called early starting in December 2026 if each index is at or above its Call Value, paying back principal plus a fixed Call Premium Amount (at least $170 on the first Review Date and $340 on the second per $1,000). If not called and each index finishes above its initial level at maturity, investors receive 2.00 times the gain of the worst index; if any index ends below 70% of its initial level, principal loss is 1% for each 1% decline of the least performing index, up to total loss. The notes pay no interest, provide no dividends, are unsecured, may be illiquid, and have an estimated value below the $1,000 price.
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 Small-Cap Vol Advantage Index. The index dynamically allocates between 0% and 500% exposure to E-Mini Russell 2000 futures and embeds a 6.0% per annum daily fee.
The notes have a minimum $1,000 denomination and quarterly review dates. Investors may receive a contingent interest rate of at least 11.00% per year, paid at least 2.75% per quarter, but only when the index level on a review date is at or above a 60.00% interest barrier. If, on a non-initial and non-final review date, the index is at or above its initial level, the notes are automatically called and pay back principal plus that period’s interest.
At maturity, if the notes have not been called and the final index level is at or above 60.00% of the initial value, investors receive principal plus the final contingent interest. If it is below 60.00%, repayment is reduced one-for-one with the index decline, and investors can lose more than 40% and up to all of their principal. Any payment is subject to the credit risk of both issuing and guaranteeing JPMorgan entities.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $1,000 minimum denomination 5-year auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (ticker: MQUSTVA). The index reflects a 6.0% per annum daily deduction and the QQQ Fund exposure is reduced by a daily notional financing cost.
The notes pay a contingent interest rate of at least 10.50% per annum, or at least 2.625% per quarter, but only if on a quarterly Review Date the index is at or above the Interest Barrier, set at 50.00% of the Initial Value. If on certain Review Dates (excluding the first three and the final) the index is at or above the Initial Value, the notes are automatically called and repay $1,000 plus that quarter’s contingent interest, with no further payments.
If the notes are not called and the Final Value is at or above the 50.00% Trigger Value, investors receive $1,000 plus the final contingent interest. If the Final Value is below the Trigger Value, repayment is reduced by 1% for every 1% decline from the Initial Value, and investors can lose more than half, up to all, of their principal. The estimated value at pricing will not be less than $900 per $1,000 note, and all payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (ticker: MQUSTVA). The notes have a pricing date of December 18, 2025, a final review date of December 18, 2030 and mature on December 23, 2030, with a minimum denomination of $1,000 per note.
The notes may pay a contingent interest rate of at least 11.00% per annum, or at least 2.75% per quarter, but only if on a quarterly review date the index level is at or above a barrier set at 60.00% of the initial value. If on any review date (other than the first and final) the index closes at or above its initial value, the notes are automatically called and investors receive $1,000 plus the applicable contingent interest, with no further payments.
If the notes are not called and the final index value is below the trigger (60% of the initial value), repayment of principal is reduced 1% for each 1% decline from the initial value, and investors can lose some or all of their principal. The underlying index is subject to a 6.0% per annum daily deduction and a separate daily financing cost on the QQQ-based underlying asset. The estimated value at issuance will not be less than $900 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index (MQUSSVA). The notes have a minimum denomination of $1,000, a pricing date on December 19, 2025, quarterly review dates, a final review date on December 19, 2030 and a maturity date on December 24, 2030.
The notes pay a contingent interest rate of at least 13.50% per annum, or at least 3.375% per quarter, but only if on a review date the index is at or above 60% of its initial value. The notes are auto callable on any non-initial, non-final review date if the index closes at or above its initial value, in which case investors receive principal plus the applicable interest and the notes terminate early.
If the notes are not called and the final index value is at or above the 60% trigger, investors receive principal plus the final contingent interest payment. If the final value is below the trigger, repayment is reduced on a 1-for-1 basis with the index decline, and investors can lose most or all of their principal. The index itself is highly engineered, uses futures on the Russell 2000, can employ leverage up to 500% and is subject to a 6.0% per annum daily deduction, adding to risk.