JPMorgan Chase Financial Company LLC is offering capped structured notes linked to the least performing of the Nasdaq‑100 Index, the Dow Jones Industrial Average and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to price on or about August 31, 2026, settle on or about September 3, 2026, and mature on September 5, 2031.
At maturity, investors receive their $1,000 principal per note back in full, subject to the credit risk of JPMorgan entities, plus an Additional Amount equal to $1,000 × the return of the least performing index × a 150% Participation Rate, capped by a Maximum Amount of at least $837.50 per note. This implies a maximum total payment of at least $1,837.50 per $1,000 note, or a maximum return of at least 83.75%, if the least performing index gains enough by the September 2, 2031 observation date. If any index finishes at or below its initial level, the Additional Amount is zero and only principal is repaid.
The notes pay no interest or dividends, are not listed, and secondary liquidity depends on J.P. Morgan Securities LLC. The estimated value, if priced today, is $972.40 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling costs and hedging factors. For U.S. federal income tax purposes, the issuer currently intends to treat the notes as contingent payment debt instruments, requiring investors to accrue taxable original issue discount over the term.
JPMorgan Chase Financial Company LLC is offering unsecured Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on October 5, 2027.
At maturity, for each $1,000 note, investors participate one-for-one in any positive return of the lesser performing index up to a Maximum Upside Return of at least 35.00%, for a maximum payment of $1,350 if that index return is positive. If the lesser performing index is flat or down by up to the 10.00% Buffer Amount, investors receive a positive return equal to the absolute decline, up to 10%, for a maximum payment of $1,100 when the lesser performing index is down 10%.
If either index falls by more than 10%, investors lose 1% of principal for each 1% decline of the lesser performing index beyond the 10% buffer and can lose up to 90.00% of principal. The notes pay no interest or dividends, are not FDIC insured, will not be listed, and expose holders to the credit risks of JPMorgan Financial and JPMorgan Chase & Co. The estimated value would be approximately $981.50 per $1,000 note if priced on the reference date and will not be less than $900.00 at pricing.
JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes due September 6, 2028, linked to the lesser performer of the Russell 2000® Index and the S&P 500® Index, in minimum denominations of $1,000, fully guaranteed by JPMorgan Chase & Co.
At maturity, if both indices are above their initial levels, the notes pay principal plus at least 1.215x the gain of the lesser-performing index. If the lesser-performing index is flat or down by up to the 10.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline, capped at $1,100 per $1,000 note.
If either index falls by more than 10%, principal is reduced 1% for each additional 1% decline in the lesser-performing index, for a maximum loss of 90.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not FDIC insured.
JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an uncapped upside of at least 1.86x any positive return of the lesser performing underlying at maturity and a 10% downside buffer. If either underlying falls more than 10%, principal is reduced 1% for every 1% decline beyond the buffer, for up to a 90% loss of principal. The notes pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000. The indicative estimated value is approximately $973.40 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs, and use of an internal funding rate.
JPMorgan Chase Financial Company LLC is offering 7-year auto-callable notes linked to the J.P. Morgan Multi-Asset Index, fully guaranteed by JPMorgan Chase & Co. The notes provide 100% participation in positive Index performance and are reviewed annually from August 26, 2026 through August 26, 2033.
On any annual Review Date before final maturity, if the Index level is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium of at least 11.25% per annum per $1,000 principal, and then terminate. If never called and held to the August 31, 2033 maturity, investors receive full principal repayment even if the Index has declined, and if the Final Value exceeds the Initial Value they also receive the Index Return multiplied by the 100% Participation Rate, all subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
The Index is a momentum-based, diversified futures strategy tracking a dynamic notional portfolio of up to 10 excess return futures-based indices, converted to U.S. dollars where needed, reduced by a 1.00% per annum daily deduction and designed around an initial 4.0% volatility threshold. The estimated value at pricing will be at least $900 per $1,000 note, which will likely be lower than the price paid, and the notes involve multiple risks including issuer and guarantor credit risk, limited liquidity, potential conflicts of interest, and complex futures and volatility dynamics.
JPMorgan Chase Financial Company LLC is offering Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on August 31, 2033. The notes are issued in $1,000 minimum denominations and pay no interest.
On each annual Review Date from 2027 to 2032, if the Index closes at or above the applicable Call Value (up to 101%–106% of the Initial Value), the notes are automatically called and pay $1,000 plus a fixed Call Premium (at least 11.25% to 67.50% of principal, depending on the year). If not called, at maturity investors receive full principal plus an Additional Amount equal to $1,000 × Index Return × 100% Participation Rate, with no cap and no downside below par, subject to issuer and guarantor credit risk.
The underlying Index is a rules-based multi-asset, futures-based, excess return index with a 1.00% per annum daily deduction and a target 4% volatility threshold. Key risks include credit risk of both JPMorgan entities, lack of liquidity and possible price discounts in secondary trading, conflicts of interest as an affiliate sponsors and calculates the Index, structural complexity and futures-related risks, and U.S. tax treatment as contingent payment debt instruments. The indicative estimated value is about $906.80 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, are expected to price on or about August 26, 2026, settle on or about August 31, 2026, and mature on August 29, 2031, subject to automatic call and acceleration provisions.
The notes may be automatically called on annual Review Dates starting August 30, 2027 if the Index closes at or above a specified Call Value, paying back principal plus a Call Premium of at least 9%, 18%, 27% or 36% of principal for the first through fourth Review Dates, respectively. If not called, at maturity investors receive full principal plus an Additional Amount equal to $1,000 × Index Return × 100% Participation Rate, floored at zero, providing uncapped upside but no interest payments. The Index embeds a 1.00% per annum daily deduction and targets a 4% volatility threshold using a momentum-based, multi-asset futures strategy. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, and are treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount.
JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes due August 12, 2030, 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 provide uncapped, unleveraged exposure to any appreciation of the least performing index at maturity and feature a Contingent Digital Return of at least 60.00% if the final level of each index is at or above its initial level. If any index finishes below its initial level but each remains at or above 70.00% of its initial value, investors receive only principal back. If any index closes below its 70.00% barrier, repayment is reduced 1% for each 1% decline of the least performing index, with the possibility of losing the entire principal.
The minimum denomination is $1,000. The indicative estimated value is $967.30 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded costs. The notes pay no interest or dividends, are unsecured, subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and are not expected to be listed, so liquidity will depend on dealer trading.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year auto-callable notes linked to the J.P. Morgan Multi-Asset Index (ticker MAX). The Index uses a momentum investment strategy across up to 10 futures-based indices, less a 1.00% per annum daily deduction, with an initial 4.0% volatility threshold.
The notes have a $1,000 minimum denomination and a 100% participation rate. On annual Review Dates, if the Index is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium of at least 9.00% per annum. If not called, and held to maturity on August 29, 2031, investors receive principal plus any positive Index Return, subject to issuer and guarantor credit risk; principal is repaid even if the Index has declined. The issuer’s estimated value will not be less than $900 per $1,000 principal, and may be lower than the purchase price. Key risks include credit risk of JPMorgan entities, index methodology and futures-market risks, potential illiquidity, early call limiting upside, internal valuation considerations, and tax uncertainty.
JPMorgan Chase Financial Company LLC is offering structured notes titled Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a $1,000 minimum denomination, price to public of $1,000 per note and an aggregate principal amount of $1,295,000, maturing on August 3, 2029, after pricing on July 31, 2026 and expected settlement on August 5, 2026. At maturity, investors receive 1.26 times any positive return of the lesser performing index, or a positive, uncapped return equal to the absolute value of any decline up to the 20.00% Buffer Amount; below this buffer, principal is reduced 1% for each additional 1% decline, with a minimum payment of $200 per $1,000.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at issuance is $980.00 per $1,000 note, lower than the issue price due to selling commissions, hedging costs and structuring fees, and secondary market prices are expected to be below the original issue price.