Every 424B that JPMorgan Chase & Co. (JPM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow JPM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JPM filings page.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Buffered Digital Notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, maturing on August 31, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer a fixed Contingent Digital Return of at least 17.75% at maturity if the final level of each index is at or above its initial level or down by no more than the 15.00% Buffer Amount. If either index falls by more than 15%, principal is reduced 1-for-1 with the decline of the lesser performing index beyond the buffer, for up to an 85.00% loss of principal (minimum payment $150 per $1,000 note).
The notes pay no interest, provide no dividend rights on index constituents, and will not be listed, so liquidity depends on JPMS making a market. The indicative estimated value is about $968.30 per $1,000 note and will not be less than $930.00, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. Investors are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and to complex U.S. tax treatment.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Dual Directional Buffered Equity Notes linked to the S&P 500, Russell 2000 and Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a maturity date of March 7, 2029 and may be automatically called on September 8, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $105.50 per $1,000 note. If not called, investors get unleveraged upside if all indices finish above their initial levels, or a dual-directional payoff based on the Absolute Index Return of the worst-performing index when its decline does not exceed a 20.00% Buffer Amount, capped at a 20.00% positive return in negative-index scenarios.
If any index falls more than 20.00%, principal is reduced 1% for each percentage point beyond the buffer, up to a maximum loss of 80.00%. The notes pay no interest or dividends, are not principal-protected, and are subject to the credit risk of both the issuer and guarantor. The estimated value, if priced today, would be about $961.60 per $1,000 note and will not be less than $900.00, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase & Co. (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering $1,369,000 of Series A medium-term notes titled Autocallable Buffered Equity Notes due August 9, 2028, linked to the S&P 500 Index and fully guaranteed by JPMorgan Chase & Co.
The notes pay no interest and may be automatically called on August 16, 2027 if the S&P 500 is at or above its initial level, in which case holders receive $1,088.50 per $1,000 (principal plus an 8.85% call premium). If not called, at maturity investors get at least principal if the index has not fallen more than 10%; above the initial level they earn the greater of index performance or a 17.70% minimum gain. Below the 10% buffer, losses are leveraged at about 1.1111x, and investors can lose their entire investment.
The original issue price is 100% of principal, including a 1.80% underwriting commission, with net proceeds of 98.20% to the issuer. The estimated fair value at pricing was $975.90 per $1,000, reflecting embedded fees and hedging costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and involve complex, uncertain U.S. tax treatment.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $6,625,000 of unsecured Callable Contingent Interest Notes due August 22, 2028, linked to the least performing of the S&P 500® Index, EURO STOXX 50® Index and Nasdaq‑100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon of 11.00% per annum (0.91667% monthly) only if, on each Review Date, the closing level of each index is at or above 70.00% of its Initial Value, which also serves as the Trigger Value. JPMorgan may redeem the notes early, in whole, on designated Interest Payment Dates starting August 20, 2027 at $1,000 plus any applicable contingent interest.
If not redeemed early and on the final Review Date any index closes below its Trigger Value, the maturity payment is $1,000 plus $1,000 times the Least Performing Index Return, so investors can lose more than 30% and up to all principal. The price to public is $1,000 per note; selling commissions are $4 per $1,000, and the estimated value is $984.70 per $1,000 at pricing, reflecting embedded costs and issuer funding assumptions. The notes are not listed, are subject to the credit risk of both the issuer and guarantor, and offer no dividends on underlying index components.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due September 5, 2031, in $1,000 minimum denominations. Investors receive a Contingent Interest Payment on each Review Date only if the Index closes at or above 60.00% of its Initial Value (the Interest Barrier). The notes are automatically called, starting March 1, 2027, if on any non-initial, non-final Review Date the Index closes at or above the Initial Value, paying $1,000 plus that period’s contingent interest.
If the notes are not called and the Final Index Value is at least the Trigger Value (also 60.00% of Initial Value), holders receive $1,000 plus the final Contingent Interest Payment at maturity. If the Final Value is below the Trigger Value, repayment is reduced dollar-for-dollar with the Index loss, and investors can lose a significant portion or all of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost (SOFR plus 0.50% per annum), and can employ leverage up to 500%, which together create a structural drag and may magnify downside.
The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co but are subject to the credit risk of both the issuer and guarantor and are not bank deposits or FDIC-insured. The price to public is $1,000 per note; if priced today, the estimated value would be about $912.30 per $1,000, and will not be less than $900.00 at pricing, reflecting selling commissions and structuring and hedging costs. The notes will not be listed on an exchange, and secondary liquidity will depend on JPMS’ willingness to make a market.
JPMORGAN CHASE & CO., through JPMorgan Chase Financial Company LLC, is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing August 30, 2029. The notes provide an upside leverage factor of at least 1.1875 on any positive Index return at maturity, with no cap.
A 50.00% buffer protects principal against moderate Index declines; if the Index falls by more than 50.00%, investors lose 1% of principal for every 1% decline beyond that level, up to a 50.00% loss of principal at maturity. The notes pay no interest, are unsecured and unsubordinated obligations of JPMorgan Financial, and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to both entities’ credit risk.
The minimum denomination is $1,000. If priced on the example date, the estimated value would be about $987.30 per $1,000 note, and at issuance will not be less than $900.00 per $1,000. The notes are not bank deposits, are not FDIC-insured, will not be listed on an exchange, and their value and tax treatment involve significant risks, including futures-market volatility, negative roll returns, potential illiquidity, and uncertainty over U.S. federal income tax characterization.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, maturing August 30, 2029 and fully guaranteed by JPMorgan Chase & Co.
Investors receive a Contingent Interest Payment on each Review Date only if the closing level of each Index is at least 75.00% of its Initial Value (the Interest Barrier; least-performing Index drives outcomes). If any Index is below its Interest Barrier, no interest is paid for that period.
If the notes are not redeemed early and, on the final Review Date, any Index is below its Trigger Value of 70.00% of Initial Value, principal is reduced 1% for each 1% decline in the Least Performing Index, potentially to zero. JPMorgan may redeem the notes early on specified Interest Payment Dates, paying $1,000 plus any due contingent interest. The hypothetical Contingent Interest Rate is at least 12.90% per annum (1.075% per month). If priced today, the estimated value would be about $972.50 per $1,000, and will not be less than $900.00 per $1,000 when set.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto-callable Structured Investments Review Notes linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 Index, maturing on August 29, 2029. The notes may be automatically called as early as February 24, 2027 if on a Review Date the closing level of each index is at or above its Call Value, set at 95.00% of its Initial Value.
If called, investors receive $1,000 plus a fixed Call Premium Amount, starting at 3.550% of principal on the first Review Date and rising to at least 21.300% on the final Review Date. If not called, principal is repaid at maturity only if the Final Value of each index is at or above its Barrier Amount, set at 70.00% of its Initial Value; otherwise, repayment is $1,000 plus $1,000 times the Lesser Performing Index Return, exposing investors to losses greater than 30% and up to full principal loss. The minimum denomination is $1,000, and the estimated value, if priced today, would be approximately $956.80 per $1,000 note, with a final estimated value not less than $900.00 per $1,000, reflecting embedded selling, structuring and hedging costs. The notes pay no interest or dividends and carry the unsecured credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), via its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury Rate, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $1,000 principal amount, a scheduled term of about five years to August 24, 2031, and is callable quarterly beginning February 24, 2027 at par plus accrued interest.
Interest is paid quarterly and is based on a variable rate that uses an Interest Factor of at least 10.40% per annum, multiplied by the fraction of days in the period when the Reference Rate is at or below a 5.25% barrier; on days above the barrier, interest accrues at 0%. There is no upside participation in increases in the Reference Rate, and the actual Interest Rate in any period may be zero. The issue price is $1,000 per Note, with an indicative estimated value of about $984.30 and not less than $970.00 per $1,000 at pricing. Payments depend on the credit of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., the Notes will not be listed on any exchange, and U.S. tax treatment may follow either variable rate or contingent payment debt instrument rules.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated auto callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, maturing on August 30, 2029 and fully guaranteed by JPMorgan Chase & Co.
Investors may receive monthly Contingent Interest Payments (at least 8.15% per annum) only when each index closes at or above 70.00% of its Initial Value, and the notes may be automatically called on specified Review Dates (earliest February 26, 2027) if each index is at or above its Initial Value. If the notes are not called and any index finishes below its 70.00% Trigger Value at final observation, principal is reduced 1:1 with the Least Performing Index and up to the entire investment can be lost. The estimated value is about $947.50 per $1,000 note and will not be less than $900.00, reflecting embedded fees and hedging costs.
JPMorgan Chase & Co. (JPM) is guaranteeing Capped Buffered Return Enhanced Notes issued by JPMorgan Chase Financial Company LLC, linked to the S&P 500® Futures Excess Return Index and maturing on September 13, 2032. The notes offer 2.90x leveraged upside on index gains, capped at a Maximum Return of at least 150.00%.
Principal is protected only by a 15.00% downside buffer; if the index falls more than this, investors lose 1% of principal for each additional 1% decline, up to an 85.00% loss. The notes pay no interest, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and will not be listed on any exchange. If priced on the reference date, the estimated value would be about $979.30 per $1,000 note, and will not be less than $900.00 per $1,000 when finalized. The underlying index tracks rolling E-mini® S&P 500® futures and can be adversely affected by futures-market factors such as volatility, negative roll returns, liquidity limits and exchange rules.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices. Each Note has a $10 principal amount, with a minimum investment of $1,000, and matures on or about August 22, 2031 unless called earlier.
The Notes pay a contingent quarterly coupon at an annual rate expected between 9.25% and 9.65%, but only if on the relevant Observation Date the closing level of each index is at or above its Coupon Barrier set at 70% of its Initial Value; otherwise no coupon is paid. Principal is protected at maturity only if every index is at or above its Downside Threshold set at 65% of Initial Value. If any index finishes below its Downside Threshold, repayment is reduced in proportion to the loss of the worst-performing index, and investors can lose most or all of their principal.
The issuer may call the Notes quarterly (except on the Final Valuation Date) and repay principal plus the applicable coupon. Issue price is $10 with $0.20 per Note in selling commissions and proceeds of $9.80 to the issuer. The indicative estimated value is about $9.579 per $10 Note and will not be less than $9.20, reflecting embedded hedging and distribution costs. Payments depend on the credit of JPMorgan Financial and the JPMorgan Chase & Co. guarantee.
JPMORGAN CHASE & CO (through JPMorgan Chase Financial Company LLC) is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 25, 2031. Each note has a $1,000 denomination and is unsecured, with payments subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The notes pay a Contingent Interest Rate of at least 10.25% per annum, paid semiannually at a rate of at least 5.125%, but only when the Index closing level on a Review Date is at or above 70% of the Initial Value (the Interest Barrier). Missed coupons can be paid later if a subsequent Review Date is at or above the barrier. The notes are automatically called if, on any Review Date other than the first and final, the Index is at or above 90% of the Initial Value, with repayment of principal plus the applicable interest and any unpaid coupons; the earliest possible call is August 20, 2027.
If the notes are not called and the Final Value is at or above the 70% Buffer Threshold, investors receive full principal plus the final and any unpaid coupons. If the Final Value is below the Buffer Threshold, maturity payment is reduced by losses beyond the 30% buffer, down to a maximum principal loss of 70%. The underlying Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund exposure, which drag on performance. An indicative estimated value is about $944.70 per $1,000 note, and will not be set below $920.00 per $1,000 at pricing.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 28, 2031. Each note has a $1,000 minimum denomination and pays contingent interest only if the Index closes at or above 60% of its Initial Value on a Review Date.
The notes are automatically called if, on certain Review Dates starting August 25, 2027, the Index is at or above its Initial Value, returning $1,000 plus due interest. Principal is protected only by a 15% buffer; if the Final Value is more than 15% below the Initial Value, investors lose 1% of principal for each additional 1% decline, up to an 85% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, and can use leverage up to 500% exposure to the QQQ Fund, which can magnify losses. The estimated value is about $917.90 per $1,000 note and will not be less than $900, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), as guarantor for JPMorgan Chase Financial Company LLC, is offering structured Review Notes linked to the Nasdaq-100 Technology Sector, Russell 2000 Index and S&P 500 Index, maturing on August 29, 2030. The notes may be automatically called on any of 13 Review Dates starting August 30, 2027 if each index is at or above its Call Value, returning $1,000 principal plus a fixed Call Premium ranging from at least 11.00% on the first Review Date up to at least 44.00% on the final Review Date.
If the notes are not called and the Final Value of each index is at or above its Barrier Amount (70% of Initial Value), investors receive full principal at maturity; if any index finishes below its Barrier Amount, repayment is reduced 1% for each 1% decline of the Least Performing Index, with the potential for total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an initial estimated value of about $938.80 per $1,000 note, not less than $900. Secondary market liquidity is not assured and secondary prices are expected to be below the $1,000 issue price.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is issuing $1,369,000 of Medium-Term Notes, Series A, as Autocallable Buffered Equity Notes due 2028 linked to the TOPIX® Index. The notes pay no interest and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on August 16, 2027 if TOPIX closes at or above 100% of the initial level of 4,184.11, paying $1,000 plus a 13.20% call premium per $1,000 note. If not called, at maturity on August 9, 2028 investors receive: (i) at least $1,264 per $1,000 note if TOPIX is flat or higher (via the greater of index return and a 26.40% maturity premium), (ii) full principal back if TOPIX is down up to 10%, or (iii) a leveraged loss beyond a 10% buffer, at about 1.1111% loss in note value for each 1% index decline past the buffer, potentially to zero.
The notes are offered at 100% of principal, with a 1.46% underwriting commission and 98.54% net proceeds to the issuer. The estimated value is $973.80 per $1,000, reflecting embedded fees and hedging costs. The notes are not listed, are subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and carry complex and uncertain U.S. tax treatment.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Auto Callable Yield Notes due February 25, 2028 linked to the least performing of the S&P 500, EURO STOXX 50 and Nikkei 225 indices. The notes pay an interest rate of at least 7.85% per annum, credited quarterly at a rate of at least 1.9625% per quarter, as long as the notes remain outstanding.
The notes may be automatically called on any Review Date starting February 19, 2027 if each index is at or above its Initial Value, returning $1,000 per note plus the applicable interest. If not called and, at final valuation, any index is below 60% of its Initial Value (its Trigger Value), principal is reduced one-for-one with the decline of the least performing index, and investors can lose more than 40% or all of their principal. The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an indicative estimated value of about $969.70 per $1,000 note, not less than $940.00 at pricing.
JPMORGAN CHASE & CO (through issuer JPMorgan Chase Financial Company LLC) is offering medium-term structured notes linked to an unequally weighted equity index basket, fully and unconditionally guaranteed by JPMorgan Chase & Co. The basket combines the EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%), with an initial basket level of 100.
The notes pay no interest and are scheduled to mature on August 31, 2028. At maturity, each $1,000 note pays enhanced upside based on an upside participation rate expected between 1.17 and 1.38 if the final basket level is above 100, full principal repayment if the basket is down by up to 10% (buffer level 90% of initial), and a leveraged loss of approximately 1.1111% of principal for every 1% decline beyond that buffer; investors can lose their entire investment.
The original issue price is 100% of principal, while the issuer’s estimated value is expected between $962.40 and $972.40 per $1,000, reflecting embedded selling commissions, hedging costs, and dealer profits. The notes are not listed, are subject to the credit risk of both the issuer and guarantor, involve complex U.S. tax treatment (including potential future changes and Section 871(m) considerations) and carry significant market, correlation, liquidity and valuation risks.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is issuing $1,000,000 of Auto Callable Contingent Interest Notes linked to Palo Alto Networks, Inc. stock. The notes pay a 23.25% per annum contingent coupon (5.8125% per quarter) when the stock closes at or above 60.00% of the Strike Value on a Review Date.
The notes may be automatically called beginning November 16, 2026 if the stock is at or above the Strike Value, in which case investors receive $1,000 plus the applicable coupon and the notes terminate. If held to maturity on August 19, 2027 and the final stock price is below the Trigger Value (also 60.00% of strike), repayment is $1,000 plus $1,000 × Stock Return, so investors can lose more than 40% or all principal.
The Strike Value is $384.27, making the Interest Barrier and Trigger Value $230.562. The price to public is $1,000 per note, with proceeds to issuer of $987.50 per note and an estimated value of $974.10. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on an exchange and involve the credit risk of both entities.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering structured notes linked to the lesser performing of the iShares Semiconductor ETF (SOXX) and the Nasdaq-100 Index (NDX), maturing on August 30, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination, no interest or dividends, and are subject to the issuers’ credit risk.
The notes feature an automatic call: on any of 19 Review Dates from February 25, 2027 to August 25, 2028, if the closing value of each underlying is at or above 100% of its Initial Value, investors receive $1,000 plus a Call Premium Amount, starting at at least 8.25% and rising by Review Date to at least 33.00% on the final Review Date, and the notes terminate. If not called, a 20.00% buffer applies at maturity: full principal is returned if each underlying has fallen by no more than 20%. If either underlying is down by more than 20%, the payoff is $1,000 + [$1,000 × (Lesser Performing Underlying Return + 20%)], exposing investors to up to an 80.00% loss of principal.
The indicative estimated value is approximately $960.80 per $1,000 note, and the final estimated value will not be less than $900.00, reflecting selling commissions, hedging costs and dealer profits embedded in the $1,000 issue price. The notes are not listed, may be illiquid, and secondary prices are expected to be below the original issue price.
JPMorgan Chase & Co. (JPM), as guarantor for JPMorgan Chase Financial Company LLC, is offering $713,000 of Capped Buffered Return Enhanced Notes linked to the S&P 500 Index, maturing February 23, 2029. Each $1,000 note provides 2.00x any Index appreciation, subject to a 25.50% maximum return, and includes a 10.00% downside buffer at maturity.
If the Index falls more than 10%, holders lose 1% of principal for each additional 1% decline, up to a 90.00% loss. The notes pay no interest or dividends, are unsecured, unsubordinated obligations of the finance subsidiary, and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to both entities’ credit risk. The price to public is $1,000 per note, including $21.50 in fees, while the estimated value at pricing is $970.20, reflecting structuring, distribution and hedging costs.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 25, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent quarterly coupon of at least 15.50% per annum (at least $38.75 per $1,000 per quarter) only if on an Interest Review Date the Index is at or above 70% of its initial level; otherwise no interest is paid. The notes are automatically called on semiannual Autocall Review Dates if the Index is at or above 90% of its initial level, in which case investors receive $1,000 plus the applicable contingent interest and the notes terminate early.
If the notes are not called and the final Index level is at or above 50% of the initial level, investors receive $1,000 per note plus any final contingent interest. If the final level is below 50%, repayment of principal is reduced one-for-one with the Index decline, so investors can lose more than 50% and up to all of their principal. The underlying Index includes a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund exposure, which creates a persistent drag versus an equivalent index without such deductions. The estimated value on the pricing date is expected to be materially below the $1,000 issue price.
JPMORGAN CHASE & CO (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured structured notes linked to the Nasdaq‑100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 100% participation in Index gains but cap total return at a Maximum Amount of at least $295 per $1,000 (about 29.5%) at maturity on February 22, 2030. If the Index is flat or lower, investors receive principal only, with no interest or dividends, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The Strike Value is the Index closing level on August 18, 2026 of 29,490.96. The estimated value would be about $970 per $1,000 note if priced on the date shown and will not be less than $950, reflecting embedded fees and hedging costs. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of original issue discount rather than taxing only at maturity.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $575,000 of Auto Callable Notes linked to the MerQube US Tech+ Vol Advantage Index, due August 22, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest and can be automatically called on annual Review Dates starting August 19, 2027 if the Index is at or above the Call Value (100% of the Initial Value 14,350.73). If called, investors receive $1,000 plus a call premium ranging from 9.10% on the first Review Date up to 54.60% on the sixth. If never called, at maturity investors receive full principal plus any positive Index return at a 100% participation rate, with no downside below par, all subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which create a persistent drag versus an identical index without such charges and can significantly reduce performance. The price to the public is $1,000 per note, including $44 in fees; net proceeds are $956 per note, and the bank’s estimated value is $905.80. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of original issue discount based on a 4.81% comparable yield and a projected single payment of $1,395.30 at maturity.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $1,000,000 of Trigger Autocallable Contingent Yield Notes linked to Marvell Technology, Inc. stock, maturing August 16, 2028. The notes pay a 29.70% per annum contingent coupon (monthly installments of $0.2475 per $10 note) only when Marvell’s share price on an Observation Date is at or above the $111.01 Coupon Barrier, set at 50.00% of the $222.02 Initial Value observed on August 14, 2026.
The notes are automatically called if Marvell’s price on any Observation Date is at or above the Initial Value, returning principal plus that month’s coupon. If not called and the Final Value is at or above the $111.01 Downside Threshold, investors receive principal plus the final coupon; if below, repayment is $10 × (1 + Underlying Return), exposing investors to stock-like losses and potential total loss of principal. The notes are unsecured, rank pari passu with other JPMorgan Financial debt, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not FDIC insured, will not be listed on any securities exchange, and had an estimated value of $9.627 per $10 at pricing, below the issue price due to selling commissions and hedging costs.
JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is issuing $300,000 of unsecured Auto Callable Dual Directional Accelerated Barrier Notes linked to the lesser performance of the common stocks of Advanced Micro Devices, Inc. and Apple Inc., guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on August 20, 2027 if each stock is at or above its Call Value, paying $1,648.50 per $1,000 note (principal plus a $648.50 call premium). If not called and at maturity both stocks are above their Initial Values, investors receive 2.00 times the appreciation of the lesser-performing stock; if they are between 50.00% and 100.00% of Initial Value, investors receive an absolute-return payoff capped at a 50.00% gain ($1,500). If either stock finishes below 50.00% of its Initial Value, principal is reduced one-for-one with the loss of the lesser performer, with the potential for total loss.
The notes pay no interest or dividends, are not insured, will not be listed, and expose holders to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $7.50 in selling commissions; the issuer’s estimated value is $963.30 per $1,000 note.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to Eli Lilly and Company common stock, maturing August 24, 2029. The notes pay a quarterly Contingent Interest Payment only when Eli Lilly’s share price on a Review Date is at or above 60.00% of the Initial Value (the Interest Barrier); missed coupons are later made up if a future Review Date meets the barrier.
The notes are automatically called (returning $1,000 principal plus applicable interest and any unpaid coupons) if Eli Lilly’s share price on any non-final Review Date is at or above the Initial Value. If not called, and at maturity the Final Value is below the 60.00% Trigger Value, principal is reduced 1% for each 1% decline from the Initial Value, up to total loss of principal. A hypothetical contingent interest rate of 9.90% per annum (2.475% per quarter) is illustrated. The estimated value is about $960 per $1,000 note today and will not be less than $940 at pricing, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed on an exchange.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering principal-at-risk Contingent Income Callable Securities due August 28, 2031 linked to the worst performing of the EURO STOXX 50®, S&P 500® and Russell 2000® indices. Investors may receive a contingent quarterly payment of at least $28.75 per $1,000 security (at least 2.875%) for any quarterly monitoring period in which each index closes on every day at or above 75% of its initial level (the downside threshold). If any index is below its threshold on any day in a period, no payment is made for that quarter.
The issuer may, at its discretion, redeem the notes in whole on any contingent payment date other than the first and final dates for an amount equal to the $1,000 principal plus any due contingent payment. If not called, and at maturity all three final index values are at or above their thresholds, holders receive $1,000 plus a final contingent payment (if the daily condition is met); if any final index value is below its threshold, the payoff is $1,000 multiplied by the worst index’s performance factor, which can be less than 75% of principal and as low as zero. Payments are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to their credit risks, limited liquidity, complex tax treatment and potential 30% withholding on contingent payments for certain non-U.S. investors.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 3, 2031 and guaranteed by JPMorgan Chase & Co.
Investors may receive a monthly Contingent Interest Payment only when the Index closes at or above 70% of the Initial Value (the Interest Barrier); missed coupons can be paid later if conditions are met. The notes are automatically called (after the fifth Review Date) if the Index is at or above the Initial Value on a Review Date, returning principal plus the applicable coupon and ending the investment early.
If not called and the Final Value is below the Trigger Value (50% of Initial Value in the examples), repayment at maturity is reduced 1% for each 1% index decline, down to zero, so principal loss can be substantial. The Index uses leveraged E-mini S&P 500 futures with a 6.0% per annum daily deduction, which acts as a persistent drag on performance. The indicative estimated value is about $934.50 per $1,000, and will not be less than $900.00, below the issue price due to fees, hedging costs and structuring margins. The notes are illiquid, not FDIC-insured and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (through issuer JPMorgan Chase Financial Company LLC) is offering unsecured, unsubordinated structured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the S&P 500® Futures Excess Return Index and maturing on August 31, 2029.
The notes provide an uncapped leveraged payoff: at maturity, if the Index is above its Initial Value, investors receive principal plus at least 1.7475× the Index’s positive return (for example, a 10% Index gain would pay about $1,174.75 per $1,000 note). If the Final Value is at or above 70% of the Initial Value (the Barrier Amount), investors receive par.
If the Final Value is below the 70% barrier, principal is fully exposed to Index losses on a 1:1 basis (for example, a 60% Index decline would pay $400 per $1,000). The notes pay no interest, are not bank deposits or FDIC insured, will not be listed, and secondary prices are expected to be below the issue price. The indicative estimated value is about $980.50 per $1,000 today and will not be less than $900 at pricing, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. Investors bear the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex market, liquidity, futures roll and U.S. tax risks.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked individually to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on September 3, 2031. Investors may receive a Contingent Interest Payment on each monthly Review Date only if the closing level of each Index is at or above 70% of its Initial Value (the Interest Barrier). The contingent interest rate will be at least 9.75% per annum, paid at 0.8125% per month if conditions are met.
The issuer can redeem the notes early, in whole, on certain Interest Payment Dates starting September 2, 2027; upon early redemption, holders receive $1,000 per note plus the applicable Contingent Interest Payment and no further payments. If the notes are not redeemed and, on the final Review Date, any Index finishes below 65% of its Initial Value (the Trigger Value), the maturity payment is reduced dollar‑for‑dollar with the Index loss, down to zero, so principal is at risk. If all Indices are at or above their Trigger Values at maturity, investors receive full principal plus any final contingent interest.
The notes have minimum denominations of $1,000. If priced on the date of the term sheet, the estimated value would be about $961.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. Selling commissions will not exceed $10.75 per $1,000. The notes are not bank deposits, are not FDIC insured, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering structured Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, due August 29, 2033, in $1,000 minimum denominations. The notes may be automatically called on August 30, 2027 if the Index is at or above a specified Call Value, paying $1,000 plus a Call Premium Amount of at least $230 and then terminating. If not called, at maturity investors receive uncapped 2.00x leveraged upside on any Index appreciation, return of principal if the Index is flat or down but above a 70% barrier, and a 1:1 loss of principal if the Final Value falls below that barrier, potentially to zero. The estimated value is about $974 per $1,000 note on the trade date and will not be less than $900, and payments are subject to the unsecured credit of both the issuer and guarantor, with no periodic interest and limited liquidity.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable contingent interest notes linked to the lesser performance of the Nasdaq‑100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes mature on August 3, 2028, are callable at the issuer’s option on specified interest payment dates starting December 3, 2026, and are issued in minimum denominations of $1,000. A Contingent Interest Payment is made for any Review Date only if each index closes at or above 75.00% of its Initial Value (the Interest Barrier); the contingent rate will be at least 10.30% per annum70.00% of Initial Value, principal is reduced 1% for each 1% decline in the lesser‑performing index, potentially resulting in a total loss.
The notes are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The indicative estimated value is $959.30 per $1,000 note today and will not be less than $900.00 at pricing, reflecting structuring and hedging costs and an internal funding rate. The notes will not be listed, may have limited or no liquidity, offer no participation in index upside or dividends, and carry complex U.S. tax and withholding considerations for both U.S. and non‑U.S. investors.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the least performing of three underlyings: the State Street Health Care Select Sector SPDR ETF (XLV), the iShares Biotechnology ETF (IBB) and the SPDR Gold Trust (GLD), maturing on August 23, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon of at least 8.25% per annum, or at least $6.875 per $1,000 monthly, but only if on a Review Date the closing price of each fund is at or above its Interest Barrier of 80% of its Initial Value; missed coupons can be paid later if the barrier is subsequently met. The issuer may redeem the notes early on specified quarterly dates, typically returning $1,000 plus due and unpaid contingent interest.
Principal is protected only by a 20% buffer. If held to maturity and any fund finishes below 80% of its Initial Value, investors lose 1% of principal for each 1% decline beyond 20%, up to an 80% loss. The indicative estimated value is about $970.10 per $1,000 (and will not be less than $940.00), reflecting embedded fees and hedging costs. Investors face issuer and guarantor credit risk, limited liquidity, complex tax treatment and sector- and commodity-specific risks in healthcare, biotechnology and gold.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,910,000 of unsecured Auto Callable Buffered Return Enhanced Notes linked to the lesser performing of the S&P 500® and EURO STOXX 50® Indices, maturing on August 22, 2029 and fully guaranteed by JPMorgan Chase & Co. The notes may be automatically called on August 19, 2027 if each index is at or above its Call Value, paying $1,000 plus a fixed Call Premium Amount of $173.50 per note, with no further payments. If not called and both indices finish above their initial levels at maturity, investors receive $1,000 plus 1.50× the appreciation of the lesser performing index. A 20.00% buffer protects principal against moderate declines, but if either index falls by more than 20.00%, principal is reduced 1% for each 1% drop beyond the buffer, up to a maximum 80.00% loss. The notes pay no interest or dividends, are not listed on an exchange, and are subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, including $4.50 in selling commissions; the issuer’s estimated value is $984.30 per note at pricing.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 23, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a quarterly Contingent Interest Payment only if the Index on a Review Date is at or above 70% of its Initial Value (the Interest Barrier), at a rate of at least 12.85% per annumCall Value, returning principal plus that period’s interest but ending further payments.
If not called, and the Final Index Value is at or above 50% of the Initial Value (the Trigger Value), principal is repaid (plus any final interest). If the Final Value is below the Trigger Value, repayment is reduced 1% for each 1% Index decline, down to zero, so investors can lose most or all principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, and can employ up to 500% leveraged exposure, which together create substantial performance drag and risk. The estimated value is about $944.30 per $1,000 note (and will not be less than $920), below the price to public because of selling commissions, hedging costs and issuer profit, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,250,000 of capped buffered equity notes linked to the S&P 500 Index, maturing February 23, 2028 and issued in $1,000 denominations, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.00x upside exposure to the S&P 500 at maturity, capped at a Maximum Return of 15.50%, with a 15.00% downside buffer; beyond that, principal losses match further index declines, up to an 85.00% loss. The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, including $17.50 in selling commissions, for net proceeds of $982.50 per note; the estimated value at pricing was $977.30 per note. The S&P 500 closing level on August 17, 2026, the pricing date, was 7,745.06.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,000,000 of Auto Callable Dual Directional Barrier Notes linked to the S&P 500 Index, due February 17, 2028, at $1,000 per note. The notes may be automatically called on August 18, 2027 if the Index is at or above the Call Value, paying $1,105 per $1,000 note and then terminating. If not called, at maturity investors receive uncapped exposure to Index gains, or a capped positive "dual directional" return on Index declines up to 20%, provided the Final Value is at or above the Barrier Amount of 80% of the Strike Value.
The Strike Value is 7,785.76, with a Barrier level of 6,228.608. Below the Barrier, principal is exposed one-for-one to Index losses, up to total loss. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry an estimated value of $986.80 per $1,000 note, below the issue price due to selling, structuring and hedging costs.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), through its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering Digital Contingent Buffered Notes linked to the S&P 500® Index under an existing shelf registration. The notes are unsecured, unsubordinated obligations of the finance subsidiary and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a fixed Contingent Digital Return of 113.25% at maturity if the S&P 500 ending level is at or above the strike level, or down by up to the 10.00% Contingent Buffer Amount. In those cases, investors receive $2,132.50 per $1,000 note. If the index is below the strike by more than 10%, principal is reduced 1% for each 1% decline, with the potential loss of all principal.
The strike level is 7,785.76 (the index close on August 14, 2026). The notes price at $1,000 per note, with selling fees of $30 and issuer proceeds of $970 per note, for a total offering of $500,000 and issuer proceeds of $485,000. The estimated value at pricing is $948.90 per $1,000 note. The pricing date is August 17, 2026, valuation date August 14, 2036 and maturity date August 19, 2036.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the lesser performing of the Dow Jones Industrial Average® and the S&P 500® Index, maturing on September 21, 2028, in minimum denominations of $1,000.
The notes provide 1.05x exposure to any positive return of the lesser performing index, and a dual-directional feature: as long as that index is flat or down by up to the 15.00% Buffer Amount, investors receive a positive return equal to the absolute decline (capped at a maximum payment of $1,150 per $1,000 if the index is down 15%). If either index falls by more than 15%, principal is reduced 1-for-1 beyond the buffer, up to a maximum loss of 85.00% of principal.
The notes pay no interest or dividends, are not insured by the FDIC, and all payments are subject to the credit risk of JPMorgan Financial and the JPMorgan Chase & Co. guarantee. If priced on the reference date, the estimated value would be about $987.30 per $1,000 note, and will not be less than $950.00 when finalized, reflecting embedded selling, structuring and hedging costs. Tax counsel views the notes as prepaid financial contracts treated as “open transactions,” but the IRS could challenge this and future guidance could adversely affect tax outcomes.