JPMorgan Chase Financial Company LLC is offering $3,475,000 of Capped Dual Directional Contingent Buffered Equity Notes linked to the S&P 500® Index. The notes have a Maximum Upside Return of 10.00%, so the most an investor can receive at maturity if the Index return is positive is $1,100 per $1,000 note. If the Index falls by up to the Contingent Buffer Amount of 20.10%, investors receive the absolute value of the loss as a positive return, up to a maximum of $1,201 per $1,000 note. If the Index declines by more than 20.10%, principal is lost 1-for-1 and investors can lose their entire investment. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial Company LLC fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry an estimated value at pricing of $982.40 per $1,000 note. The offering price is $1,000 per note, with $10 in selling commissions and $990 in proceeds to the issuer.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $784,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Palantir Technologies Inc. (PLTR), maturing on May 26, 2027.
The notes pay a monthly contingent coupon of $14.6667 per $1,000 (a 17.60% per annum rate) only if Palantir’s share price on a Review Date is at or above the Interest Barrier of 50% of the Initial Value, which is $77.425. Missed coupons can be made up later if the barrier is met on a future Review Date.
The notes are automatically called on specified Review Dates if the stock closes at or above the Initial Value of $154.85, returning principal plus the due coupon and any unpaid coupons, with no further payments. If the notes are not called and Palantir’s final share price falls below the Trigger Value (also 50% of the Initial Value), investors’ principal repayment is reduced one-for-one with the stock decline, potentially resulting in a loss of more than half, up to all, of their investment.
The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed on an exchange, and have an estimated value at pricing of $954.20 per $1,000 due to embedded fees, hedging costs and dealer compensation.
JPMorgan Chase Financial Company LLC is offering $2,422,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations, priced at 100% of principal, with issuer proceeds of $2,373,560 after $48,440 in selling fees.
The notes may be automatically called as early as February 26, 2027 if the Index closes at or above 100% of its initial level, paying $1,000 plus a call premium based on a 23.50% annualized Call Premium Rate. If held to maturity on November 26, 2032 and not called, investors receive 3.00 times any positive Index return, principal back if the Index stays at or above 50% of its initial value, and a 1:1 loss below that barrier, exposing them to losses greater than 50% and potentially all 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 underperformance versus similar indices without such charges. The notes are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $922.10 per $1,000 at pricing, below the issue price.
JPMorgan Chase Financial Company LLC is offering $501,000 of market-linked notes, fully guaranteed by JPMorgan Chase & Co., linked to Shopify Inc.’s Class A subordinate voting shares and maturing on November 26, 2027. Each $1,000 security pays a 16.00% per annum contingent coupon, due monthly only if Shopify’s closing price on the related calculation day is at or above the threshold price of $110.85, which is 75% of the starting price of $147.80.
The notes are auto-callable from February 2026 through October 2027 if Shopify’s closing price on a calculation day is at or above the starting price, in which case investors receive principal plus the final coupon. If the notes are not called and the final price is at or above the threshold, investors receive $1,000 per note at maturity; below the threshold, payment is $1,000 + $1,000 × (stock return + 25% buffer), exposing holders to up to a 75% loss of principal. The estimated value is $961.00 per security versus a $1,000 price to the public, reflecting selling commissions and hedging costs. These securities are not bank deposits, are not FDIC insured and carry risks described in detail in the risk sections.
JPMorgan Chase Financial Company LLC is issuing $1,747,000 of unsecured Callable Contingent Interest Notes linked to 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 pay a contingent coupon of $7.50 per $1,000 each month (a 9.00% per annum rate) only if, on a Review Date, the closing level of each index is at least 70% of its Initial Value; otherwise no interest is paid for that period.
The issuer may redeem the notes early, in whole but not in part, on specified Interest Payment Dates beginning on May 27, 2026, returning $1,000 per note plus any applicable contingent interest. If the notes are not redeemed and on the final Review Date in November 2028 any index is below its 70% trigger, investors’ maturity payment is reduced in line with the worst-performing index and they can lose more than 30% and up to all principal. The price to public is $1,000 per note, including $29.50 in selling commissions, while the issuer’s estimated value is $941.80 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering $525,000 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 10.00% per annum contingent coupon (0.83333% monthly) only when the Index closes at or above 75% of its Initial Value, with missed coupons potentially paid later if the barrier is met on a future review date.
The notes can be automatically called starting on November 23, 2026 if the Index is at or above its Initial Value, returning principal plus the applicable coupon. If not called and the final Index level is below 85% of the Initial Value, principal is reduced 1-for-1 beyond a 15% buffer, for a possible loss of up to 85%. Returns are further constrained because the Index embeds a 6.0% per annum daily deduction and a notional financing cost, and investors face the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $913.10 per $1,000 note.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $5,957,000 of Uncapped Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing on November 26, 2027.
The notes offer an uncapped upside of 1.72 times any positive return of the worst-performing index at maturity, with a 10% downside buffer. If any index falls more than 10%, principal is reduced 1% for each additional 1% decline in the least performing index, up to a maximum loss of 90% of principal. The notes pay no interest, provide no dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The estimated value at pricing was $983 per $1,000 note, below the issue price, reflecting structuring and hedging costs. The notes are not listed on any exchange, and any secondary market is expected to be limited, with resale values typically below the original issue price.
JPMorgan Chase Financial Company LLC is offering $2,116,000 of auto callable contingent interest notes linked to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at an annual rate of 11.00%, credited monthly, but only for review dates when each index closes at or above 70.00% of its Initial Value.
The notes may be automatically called starting on February 23, 2026 if on a review date (other than the first, second and final) each index is at or above its Initial Value, in which case investors receive principal plus the applicable coupon and no further payments. If the notes are not called and the final level of the least performing index is below its 70.00% Trigger Value, repayment of principal is reduced one-for-one with the index decline and investors can lose most or all of their investment. The notes are unsecured, not FDIC insured, will not be listed on an exchange, and had an estimated value on the pricing date of $971.80 per $1,000 note, below the $1,000 issue price due to embedded costs.
JPMorgan Chase Financial Company LLC is issuing $835,000 of 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 offer a Contingent Interest Payment at a rate of 6.80% per annum for each Review Date on which the closing level of every Index is at or above 70.00% of its Initial Value, the Interest Barrier.
The notes have a Buffer Threshold of 65.00% of each Index’s Initial Value, giving a 35.00% Buffer Amount. If the notes are not redeemed early and the Least Performing Index finishes below its Buffer Threshold, investors lose 1% of principal for every 1% decline beyond the 35.00% buffer, up to a 65.00% loss. JPMorgan may redeem the notes early on specified Interest Payment Dates starting November 27, 2026. The price to public is $1,000 per note, with estimated value of $970.70 per $1,000, and the notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $633,000 of callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at a rate of 9.20% per annum (0.76667% per month) only when, on a Review Date, each index is at or above 70.00% of its Initial Value, which serves as both the Interest Barrier and Trigger Value.
The notes are callable at the issuer’s option on specified interest payment dates starting May 27, 2026, and mature on May 25, 2028 if not redeemed earlier. Principal is not protected: if at maturity the Least Performing Index is below its Trigger Value, investors lose 1% of principal for each 1% decline from its Initial Value and could lose their entire investment. The price to the public is $1,000 per note, with $27 in selling commissions and an estimated value of $946.50, and the notes are unsecured, unlisted, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.