JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, due August 10, 2029, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, if each index finishes at or above its initial level, investors receive $1,000 plus the greater of the Contingent Digital Return of at least 48.25% or the least performing index’s return. If any index is below its initial level but all are at or above 70% of initial (the Barrier Amount), principal is returned. If any index closes below its barrier, repayment is $1,000 plus the least performing index return, so losses exceed 30% and can reach 100% of principal.
The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. An indicative estimated value is $979.80 per $1,000 note, and the final estimated value will not be less than $900, reflecting embedded selling, structuring and hedging costs. The notes are not exchange-listed, and secondary market prices are expected to be below the issue price. The issuer’s tax counsel views the notes as prepaid financial contracts treated as open transactions, though the IRS could disagree.
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, which references an unfunded position in the Invesco QQQ Trust. The Index uses a rules-based volatility-targeting approach with exposure between 0% and 500% and applies a 6.0% per annum daily deduction, while QQQ performance is further reduced by a daily notional financing cost.
The notes have a $1,000 minimum denomination, a pricing date of August 31, 2026, and mature on September 5, 2031, with monthly interest review dates and quarterly autocall review dates after a one-year non-call period. Investors may receive a contingent interest rate of at least 18.00% per annum, paid monthly at a rate of at least 1.50% if the Index is at or above an interest barrier set at 75.00% of the Initial Value. If on any autocall review date the Index is at or above its Initial Value, the notes are automatically called at $1,000 plus the applicable contingent interest, and no further payments are made.
If not called and at maturity the Final Value is at or above the buffer threshold of 85.00% of the Initial Value, investors receive $1,000 plus the final contingent interest payment. If the Final Value is below this threshold, principal is reduced according to the formula $1,000 + [$1,000 × (Index Return + 15.00% Buffer Amount)], so investors will lose some or most of their principal. The estimated value, when set, will not be less than $900 per $1,000 principal amount, and all payments are subject to the credit risk of the issuer and guarantor, as well as numerous structural and index-related risks described in the risk disclosures.
JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the iShares Ethereum Trust ETF (ETHA), fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is expected to price on or about August 26, 2026 and settle on or about August 31, 2026, with maturity on August 30, 2029.
On the September 1, 2027 Review Date, if the ETF’s closing price is at or above 100% of its Initial Value, the notes are automatically called for $1,000 plus at least $265 per note, and no further payments are made. If not called, at maturity investors receive leveraged upside of 1.50× any positive ETF return, par if the Final Value is at or above 60.00% of Initial Value, or full downside exposure if it is below that barrier, with the potential to lose all principal.
The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and carry significant risks tied to ether and the ethereum network. The estimated value is about $927.30 per $1,000 note if priced today and will not be less than $900.00 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on August 29, 2031. The notes make quarterly Contingent Interest Payments only when the Index closing level on a Review Date is at or above 60.00% of the Initial Value, and may be automatically called on any Review Date from February 26, 2027 (except the first and final) if the Index is at or above the Initial Value, returning principal plus the applicable interest.
If the notes are not called and the Final Value is below the Trigger Value, equal to 60.00% of the Initial Value, repayment of principal is reduced 1% for each 1% Index decline, down to zero. The Index embeds a 6.0% per annum daily deduction and uses leveraged exposure, up to 500%, to E-mini S&P 500 futures, which can significantly drag performance. The minimum denomination is $1,000; if priced today, the estimated value would be about $900.30 per $1,000, and will not be less than $900.00 when set. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due September 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the MerQube US Tech+ Vol Advantage Index, an excess-return, volatility-target index with up to 500% leverage, a 6.0% per annum daily index deduction and a daily notional financing cost on the QQQ Fund exposure.
Holders may receive monthly contingent interest at a rate of at least 18.00% per annum (at least 1.50% per month) if, on each Interest Review Date, the Index is at or above 75.00% of its Initial Value (the Interest Barrier); otherwise no interest is paid. The notes are automatically called quarterly if the Index is at or above its Initial Value, starting August 31, 2027, returning principal plus the applicable interest for that period. If never called and at maturity the Index is at or above the 85.00% Buffer Threshold, investors receive principal plus the final contingent interest; below that level, principal is reduced according to index loss beyond the 15.00% buffer, with up to 85.00% principal loss. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and they will not be listed or pay dividends.
JPMorgan Chase Financial Company LLC is offering 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 Payment for each Review Date on which the Index closes at or above an Interest Barrier set at 50.00% of the Initial Value; if the Index is below that level, no interest is paid.
The notes may be automatically called beginning on August 26, 2027 if on a Review Date (other than the first three and final) the Index is at or above the Initial Value, in which case investors receive $1,000 plus the applicable interest and no further payments. If not called, at maturity on August 29, 2031 investors receive $1,000 plus the final interest if the Final Value is at or above the Trigger Value (also 50.00% of the Initial Value); otherwise the payoff is $1,000 plus $1,000 × Index Return, exposing investors to losses up to 100% of principal.
The Index applies a 6.0% per annum daily deduction and a daily notional financing cost (SOFR + 0.50% per annum) and can use leverage up to 500% with a 35% target volatility, which will generally cause it to underperform an identical index without these deductions. If priced today, the estimated value would be approximately $914.40 per $1,000 note, with a minimum estimated value at issuance of $900.00, and the Contingent Interest Rate will be at least 10.50% per annum, paid quarterly. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Buffered Callable Range Accrual Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on August 29, 2031. These structured notes pay variable monthly interest based on how often, during each interest period, the S&P 500 closes at or above 85.00% of the Initial Value (the Minimum Index Level); if the Accrual Provision is never met in a period, interest for that period is 0.00% per annum. The interest rate is capped by an Interest Factor of 6.85% per annum.
At maturity, if the S&P 500 Final Value is at or above the Buffer Level of 85.00% of the Initial Value, investors receive full principal back per $1,000 note, plus any accrued and unpaid interest. If the Final Value falls below the Buffer Level, repayment is reduced dollar-for-dollar by losses beyond the 15.00% Buffer Amount, and investors can lose up to 85.00% of principal. The issuer may redeem the notes monthly at par plus accrued interest starting August 31, 2027. Selling commissions would be approximately $35.00 per $1,000 note (not exceeding $40.00), and the estimated value, if priced on the described date, would be about $938.10 per $1,000 note, not less than $900.00 when set.
JPMorgan Chase Financial Company LLC is issuing $635,000 in Auto Callable Contingent Interest Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of three State Street SPDR ETFs focused on regional banks, energy and utilities. The notes pay a Contingent Interest Rate of 11.45% per annum, credited monthly, but only for Review Dates when the closing price of one share of each Fund is at or above 75.00% of its Initial Value (the Interest Barrier). Missed coupons can be paid later if the condition is subsequently met.
The notes are auto-callable from February 1, 2027 onward if each Fund is at or above its Initial Value on a Review Date; investors then receive $1,000 per note plus the applicable coupon and any unpaid coupons, with no further payments. If not called, at maturity investors receive par only if each Fund’s Final Value is at or above its Trigger Value of 60.00% of Initial Value; otherwise repayment is reduced by the full negative return of the least performing Fund, exposing holders to substantial principal loss.
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, including $7.50 in selling commissions, with $992.50 in proceeds to the issuer and an estimated value of $972.30 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is issuing $1,324,000 of 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. The notes are scheduled to mature on February 3, 2028, with pricing on July 30, 2026 and expected settlement on or about August 4, 2026.
Each note has a $1,000 denomination, offers unleveraged exposure to index gains up to a Maximum Upside Return of 35.00%, and provides a dual-direction feature where investors can earn up to 10.00% if the lesser performing index declines by up to that Buffer Amount. If either index falls more than 10%, principal is reduced 1% for each additional 1% decline in the lesser performing index, with up to 90.00% loss of principal at maturity.
The notes pay no interest and provide no dividends or equity rights. The price to public is $1,000 per note, including selling commissions of $19 and issuer proceeds of $981 per note. The estimated value at pricing is $966.20 per $1,000 note, reflecting internal funding and hedging costs, and any payment is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Buffer Autocallable GEARS, unsecured notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Security has a $10 principal amount and a term to about August 15, 2029, unless called earlier.
If on the August 19, 2027 Observation Date the index closes at or above the Autocall Barrier (100% of the Initial Value), the notes are automatically called and pay a Call Price of $10.90 per $10, reflecting a 9.00% Call Return; investors then forgo any further upside. If not called and the index is above its Initial Value at maturity, investors receive principal plus a leveraged gain equal to the index return times the Upside Gearing, expected between 1.20 and 1.40. If not called and the final index level is between 90% and 100% of the Initial Value, principal is repaid. Below the 90% Downside Threshold, principal is reduced 1% for every 1% decline beyond the 10% Buffer, with losses up to 90% of principal.
The notes pay no interest or dividends, are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value below issue price. They are not bank deposits or FDIC insured. Tax treatment is uncertain and discussed under U.S. federal tax and Section 871(m) considerations.