JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,856,000 in auto callable contingent interest notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the Utilities Select Sector SPDR Fund, maturing on November 29, 2028.
The notes pay a monthly contingent coupon of 0.77083% (9.25% per year) per $1,000 note only if on each review date all three underlyings are at or above 70% of their initial values. Starting May 26, 2026, the notes are automatically called if on a review date (other than the first five and the final) each underlying is at or above its initial value, returning $1,000 plus that period’s coupon.
If the notes are not called and any underlying finishes below its 70% trigger at maturity, principal is reduced 1% for each 1% decline in the worst performer, and investors can lose up to their entire investment. The price to public is $1,000 per note, including $30 in selling commissions, with an estimated value of $943.60 based on JPMorgan’s internal models.
JPMorgan Chase Financial Company LLC is offering $1,016,000 of Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the SPDR S&P Regional Banking ETF, maturing on November 29, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a monthly contingent coupon of $7.4583 per $1,000 (an 8.95% per annum rate) only if on a Review Date each underlying is at or above 70% of its initial level, with unpaid coupons potentially paid later if conditions are met. Beginning May 26, 2026, the notes are automatically called if on certain Review Dates each underlying is at or above its initial value, returning $1,000 plus applicable contingent interest.
If the notes are not called and any underlying finishes below 60% of its initial value, repayment at maturity is reduced in proportion to the decline of the least performing underlying, and investors can lose more than 40% or even all principal. The price to public is $1,000 per note, while the estimated value at pricing is $948 per $1,000, reflecting embedded selling, structuring and hedging costs, and the notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $792,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index due November 29, 2030. The notes pay a contingent interest rate of 9.55% per annum (0.79583% per month) for each monthly review date when the index closes at or above 70% of its initial level, with any missed coupons paid later once the barrier is met. The notes are automatically called on a quarterly review date if the index is at or above its initial value, starting as early as November 24, 2026, returning principal plus any due contingent interest.
If the notes are not called and the final index level falls below 85% of the initial value, principal is reduced 1% for each 1% decline beyond this buffer, up to a maximum loss of 85%. The index itself includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance and cause it to trail an equivalent index without these charges. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and were priced at $1,000 per note with an estimated value of $911.00 per $1,000 at issuance.
JPMorgan Chase Financial Company LLC is issuing $1,402,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of 8.60% per annum ($7.1667 per $1,000 monthly) only if, on a Review Date, the Index is at or above 70% of its Initial Value. Missed coupons can be paid later if the barrier is met on a subsequent Review Date.
The notes can be automatically called on certain Review Dates starting November 24, 2026 if the Index is at or above 95% of its Initial Value, returning $1,000 plus due coupons, with no further payments. At maturity in November 2030, if the notes are not called and the Index is at or above 85% of its Initial Value, holders receive $1,000 plus any due coupons; below that level, principal is reduced one-for-one beyond a 15% buffer, with up to 85% loss of principal.
The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and can cause the Index to lag a similar index without such charges. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the estimated value at pricing is $912.30.
JPMorgan Chase Financial Company LLC is issuing $269,000 of capped notes linked to the Dow Jones Industrial Average®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, mature on November 29, 2028, and offer 100% participation in Index gains, capped at a 16.50% maximum return (maximum payment of $1,165.00 per $1,000 note).
At maturity, if the Index is flat, investors receive $1,000. If it rises, they receive principal plus the Additional Amount, up to the cap. If it falls, they lose 1% of principal for each 1% decline in the Index, but the repayment will not be less than 95.00% of principal ($950.00 per $1,000 note).
The notes pay no interest, provide no dividends from Index constituents, and are unsecured and unsubordinated, subject to the credit risk of both issuers. The price to public is $1,000 per note, including $30 in fees and commissions, for net proceeds of $970 per note (total proceeds $260,930). The estimated value at pricing is $953.40 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering $836,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest or dividends and are unsecured, unsubordinated obligations. At maturity, if all three indices are above their initial levels, investors receive 1.18 times the gain of the worst-performing index. If any index is at or below its initial level but all remain at or above 70% of their initial levels, investors receive their principal plus the absolute value of the worst index’s loss, up to a 30% gain (maximum $1,300 per $1,000 note in negative index scenarios).
If any index finishes below 70% of its initial level, investors lose 1% of principal for each 1% decline of the least performing index and could lose their entire investment. The price to public is $1,000 per note, including $30 in selling commissions, for net proceeds to the issuer of $810,920. The estimated value at pricing was $947.60 per $1,000 note, reflecting embedded selling, structuring and hedging costs and internal funding assumptions.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $850,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, in $1,000 denominations. The notes pay a contingent monthly coupon at a 9.50% per annum rate (0.79167% per month) only if, on each Interest Review Date, the Index closes at or above 60% of its Initial Value.
The notes can be automatically called quarterly starting on November 24, 2026 if the Index is at or above its Initial Value, returning principal plus the applicable coupon but ending further payments. At maturity, if not called and the Index is below the 70% Buffer Threshold, principal loss is 1% for each 1% decline beyond the 30% buffer, up to a 70% loss. The Index embeds a 6.0% per annum daily deduction, which drags performance, and the notes are unsecured, unlisted obligations with an estimated value of $939.80 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $135,000 of capped buffered return enhanced notes linked to the Russell 2000® Index, maturing December 30, 2026. Each $1,000 note offers 2.00x any positive Index performance, capped at a maximum total return of 14.45%.
If the Index is flat or down by up to 15%, investors receive only their principal at maturity. If the Index falls by more than 15%, principal is reduced 1% for each additional 1% decline, up to a maximum loss of 85%, so repayment can be as low as $150 per $1,000 note.
The notes pay no interest, provide no dividends, and are unsecured, unsubordinated obligations 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 issue price. The initial estimated value is $992 per $1,000 note, reflecting embedded structuring and hedging costs, and the tax treatment relies on "open transaction" treatment that could change if future IRS guidance applies.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,085,000 of Callable Contingent Interest Notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, due October 28, 2027.
The notes offer a contingent interest rate of 8.50% per annum, paid monthly as $7.0833 per $1,000 note, but only when the closing level of each index on a Review Date is at least 70% of its Initial Value
At maturity, if not redeemed early and each index is at or above its 70% Trigger Value, investors receive $1,000 plus the final contingent interest. If any index is below its Trigger Value, repayment is reduced one-for-one with the decline of the worst-performing index, potentially resulting in a total loss of principal. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $947.80 per $1,000 note, below the $1,000 issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $1,719,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 8.25% per annum (0.6875% per month) only if, on a Review Date, the Index closes at or above 85% of its Initial Value. Missed coupons can be paid later if the barrier is met on a subsequent Review Date.
The notes are auto-callable on certain Review Dates from May 26, 2026 if the Index is at or above the Call Value, returning principal plus the applicable coupon. At maturity, if not called and the Index has fallen more than 15% from its Initial Value, investors lose 1% of principal for each 1% drop beyond that buffer, up to a maximum loss of 85%. The underlying Index uses leverage, a 35% target volatility, and is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes priced at $1,000 per note, with an estimated value of $925.40 per $1,000 at issuance.