JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary 424B2 for Trigger Autocallable GEARS linked to the iShares Bitcoin Trust ETF (IBIT), maturing on or about October 16, 2030. The notes may be automatically called if IBIT closes at or above the Autocall Barrier (100.00% of the Initial Value) on the October 19, 2026 Observation Date, paying the principal plus a Call Return of at least 20.00%. If not called and IBIT rises by maturity, the payoff equals the positive Underlying Return times the 1.50 Upside Gearing.
If not called and IBIT finishes at or above the Downside Threshold (75% of the Initial Value), principal is repaid; below that, losses match IBIT’s decline and can reach 100%. Issue price is $10.00 per note; UBS may receive $0.25 per $10.00 in selling commissions, leaving $9.75 in proceeds to the issuer per note. Indicative Initial Value is $66.20, Autocall Barrier $66.20, and Downside Threshold $49.65 (all observed October 10, 2025). The estimated value would be approximately $9.326 per $10 if priced today, and will not be less than $9.00 when set. Payments depend on the credit of both the issuer and guarantor; the notes pay no interest.
JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Return Enhanced Notes linked to the least performing of the S&P 500 Index, the Nasdaq-100 Technology Sector Index, and the Russell 2000 Index, due November 19, 2026.
The notes may be automatically called on October 22, 2026 if each index closes at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $117.50 per $1,000. If not called, at maturity the payoff equals $1,000 plus 3.00 times the appreciation of the least performing index, provided all indices are at or above initial levels; principal is returned if declines are within the 15.00% buffer.
If any index falls more than 15.00%, investors lose 1% of principal for each 1% decline beyond the buffer, up to a maximum loss of 85.00%. Minimum denomination is $1,000. Selling commissions will not exceed $22.25 per $1,000. If priced today, the estimated value would be approximately $972.20 per $1,000. The notes are unsecured, pay no interest or dividends, and carry the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC priced a $6,608,500 offering of Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Nikkei 225 Index and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due October 15, 2030.
The Notes pay a 7.30% per annum contingent coupon ($0.1825 per $10 quarterly) only if both indices close at or above their Coupon Barriers (70% of Initial Value) on an Observation Date. They are automatically callable quarterly after an initial six‑month non‑call period if both indices are at or above Initial Value. Key levels: Nikkei 225 Initial 48,580.44; barriers 34,006.31 (70%) and 29,148.26 (60%). EURO STOXX 50 Initial 5,625.56; barriers 3,937.89 (70%) and 3,375.34 (60%).
If not called, at maturity investors receive principal plus any contingent coupon only if both finals are at or above both the Downside Threshold and Coupon Barrier; principal only if at or above the Downside Threshold but below the Coupon Barrier for either; otherwise a proportionate loss to the lesser performer. Proceeds to issuer: $6,459,808.75 after $148,691.25 in selling commissions; issue price $10 per Note; estimated value $9.42 per $10. Payments depend on the credit of the issuer and guarantor.
JPMorgan Chase Financial Company LLC priced $980,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, due October 14, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of $9.5833 per $1,000 (11.50% per annum) on any Review Date when the Index closes at or above 70.00% of the Initial Value. The notes are automatically called if, on any Review Date after the first two and before the final, the Index closes at or above the Initial Value; the earliest possible call is January 9, 2026.
The Initial Value was 4,021.64, setting the 70.00% Interest Barrier/Trigger at 2,815.148. If not called, at maturity investors receive par plus the final coupon if the Index is at or above the Trigger; otherwise, the payoff is $1,000 + ($1,000 × Index Return), risking significant loss of principal. The Index includes a 6.0% per annum daily deduction. Pricing: price to public $1,000 per note; fees $27.50; proceeds to issuer $972.50 (total $980,000; $26,950; $953,050). The estimated value was $932.20 per $1,000.
JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for callable contingent interest notes linked to the least performing of the Nasdaq-100 Technology Sector Index (NDXT), Russell 2000 Index (RTY), and S&P 500 Index (SPX), fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes target a Contingent Interest Rate of at least 8.70% per annum (at least 0.725% monthly, or at least $7.25 per $1,000) for each Review Date on which each Index is at or above 70.00% of its Initial Value. They are callable at the issuer’s option on any Interest Payment Date other than the first, second and final, with the earliest potential call on January 23, 2026. If uncalled, they mature on September 22, 2027.
If held to maturity and any Index finishes below its 70.00% Trigger Value, repayment is reduced by the Least Performing Index’s decline, which can result in loss of principal up to 100%. Minimum denominations are $1,000. If priced today, the estimated value would be about $956.60 per $1,000, and will not be less than $900.00 per $1,000 when set. Selling commissions will not exceed $22.25 per $1,000. The notes are unsecured and subject to the credit risks of the issuer and guarantor.
Phebe N. Novakovic, a director of JPMorgan Chase & Co., acquired 118.8853 shares of the company's common stock on 09/30/2025 at a price of $315.43 per share. After the reported transaction she beneficially owned 12,119.7681 shares, and an additional 45 shares are reported as indirectly owned by her spouse. The filing explains the shares represent a deferral of a quarterly director retainer payable in common stock upon termination of service as a director.
Hobson Mellody L, a director of JPMorgan Chase & Co, reported acquiring 134.7367 shares of Common Stock on 09/30/2025 at a price of $315.43 per share. After this reported acquisition, she beneficially owns 28,284.2692 shares directly and 124,155 shares indirectly through The GWL Living Trust. The filing notes the shares represent a deferral of a quarterly director retainer that will be paid in common stock following termination of her service as a director. The Form 4 was signed under power of attorney by Holly Youngwood on 10/01/2025.
Stephen B. Burke, a director of JPMORGAN CHASE & CO, reported a transaction dated 09/30/2025 on Form 4 showing a non-derivative acquisition of 178.328 shares of common stock at a price of $315.43 per share. Following the reported transaction, Mr. Burke beneficially owns 184,880.6865 shares directly and an additional 75,000 shares indirectly through a GRAT. The filing notes the shares stem from a deferral of a quarterly director retainer, with the retainer payable in common stock following termination of director service. The form is signed under power of attorney on 10/01/2025.
JPMorgan Chase Financial Company LLC is offering auto-callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully guaranteed by JPMorgan Chase & Co. The notes mature on September 24, 2030 with automatic-call possible beginning March 19, 2026. Contingent interest accrues monthly at a rate of at least 10.00% per annum (≥ $8.3333 per $1,000 per month) but is paid only on Review Dates when the Index is ≥ 50% of its Initial Value. The Index incorporates a 6.0% per annum daily deduction, which materially drags performance. The issuer estimates an indicative value of approximately $939.90 per $1,000 and will not price below $900.00 per $1,000. Investors bear credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and may lose more than 50% or all principal if the Final Value is below the Trigger Value.
JPMorgan Chase Financial Company LLC is offering uncapped accelerated barrier notes linked to the lesser performing of the iShares MSCI EAFE ETF (EFA) and the EURO STOXX 50 Index (SX5E), expected to price on or about September 18, 2025 and to settle on or about September 23, 2025, with maturity on or about September 23, 2030. The notes provide an Upside Leverage Factor of at least 2.2275 on the lesser performing underlying if both underlyings finish above their initial values. Each underlying has a Barrier Amount of 70.00% of its initial value; if either underlying closes below that barrier on the observation date, investors suffer a pro rata loss of principal and could lose more than 30% or all principal. The notes are unsecured obligations of JPMorgan Financial and fully guaranteed by JPMorgan Chase & Co., exposing investors to the issuer and guarantor credit risk. The estimated value at issuance would be no less than $950.00 per $1,000 note and an illustrative estimated value if priced today was about $970.00 per $1,000 note. The notes pay no interest or dividends, are not FDIC insured and are not listed for trading.