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 Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Callable Contingent Interest Notes linked to the common stock of Delta Air Lines, Inc. The notes pay a contingent coupon of at least 12.00% per annum, or at least 3.00% per quarter, only for Review Dates when Delta’s closing share price is at or above an Interest Barrier of 50.00% of the Initial Value.
The notes are callable at the issuer’s option on any Interest Payment Date from February 23, 2027 (except the first and final dates), at $1,000 per note plus any due contingent interest. If not called, they mature on August 23, 2028. If the Final Value on the last Review Date is below the Trigger Value of 50.00% of the Initial Value, principal is reduced one-for-one with the stock loss, so investors can lose more than 50% and up to all principal.
The minimum denomination is $1,000. Indicatively, the notes’ estimated value is about $970 per $1,000 at launch and will not be less than $950, reflecting embedded costs such as up to $10 per $1,000 in selling commissions and up to $1 per $1,000 in structuring fees. Investors forgo Delta dividends, face JPMorgan credit risk, limited liquidity, and complex U.S. tax treatment, including treatment as prepaid forward contracts with contingent coupons.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Callable Contingent Interest Notes due August 24, 2029 linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. The notes pay monthly Contingent Interest Payments only when the closing level of each index on a Review Date is at least 70% of its Initial Value (the Interest Barrier); the actual Contingent Interest Rate will be at least 9.95% per annum, paid at about 0.82917% per month.
The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting February 25, 2027, paying $1,000 per note plus any due Contingent Interest Payment. If the notes are not redeemed and, on the final Review Date, the Final Value of any index is below its 70% Trigger Value, principal is reduced one-for-one with the decline of the Least Performing Index, down to a total loss. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but expose investors to JPMorgan Financial and JPMorgan Chase & Co. credit risk, potential illiquidity, an estimated value below the $1,000 issue price, and complex U.S. tax and withholding considerations.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked individually to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors receive a monthly Contingent Interest Payment only when the closing level of each index on an Interest Review Date is at least 75% of its Initial Value (the Interest Barrier). The notes are automatically called on quarterly Autocall Review Dates if each index is at or above its Initial Value, with the earliest possible call on August 24, 2027; if called, investors receive $1,000 plus the applicable contingent interest and no further payments.
If not called, at maturity on August 28, 2031 investors receive $1,000 plus the final contingent interest if the Final Value of each index is at or above 70% of its Initial Value (the Trigger Value). If any index finishes below its Trigger Value, repayment is reduced by the full negative return of the least performing index, so principal losses can exceed 30% and reach 100%. The minimum denomination is $1,000, the contingent interest rate will be at least 8.10% per annum (0.675% per month), and today’s estimated value is about $932.70 per $1,000 note, not less than $900. All payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on September 3, 2031, in minimum denominations of $1,000, with no periodic interest.
At maturity, investors receive 1.90 times any positive Index return, with no upside cap. A 30.00% Buffer Amount protects against moderate declines, but if the Index falls by more than 30.00%, principal is reduced 1% for each additional 1% decline, up to a 70.00% maximum loss.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. They will not be listed; secondary liquidity will depend on J.P. Morgan Securities LLC. Initial estimated value is about $978.00 per $1,000, and will not be less than $900.00 per $1,000 at pricing, reflecting embedded structuring and hedging costs.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Buffered Digital Notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed Contingent Digital Return of at least 8.30% at maturity if the final level of each index is at or above its initial level, or down to 20% below.
If either index falls more than the 20% Buffer Amount, principal is reduced 1-for-1 with index losses beyond 20%, up to an 80% maximum principal loss (minimum payoff $200 per $1,000). The hypothetical current estimated value is about $992.80 per $1,000, and will not be less than $900 at pricing, reflecting selling, structuring and hedging costs. The notes pay no interest, offer no dividends, are not listed, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in 2031 and subject to an automatic call feature starting in August 2027. The notes pay no interest or dividends and are fully and unconditionally guaranteed by JPMorgan Chase & Co., but expose holders to the credit risk of both the issuer and guarantor.
On any of 17 scheduled review dates, if the Index closes at or above its initial level, the notes are automatically called for $1,000 plus a call premium of at least 20%–100% of principal, depending on the review date, and then terminate. If not called, principal is protected only within a 15% downside buffer; below that, repayment is reduced 1:1, with up to 85% loss of principal at maturity. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ-based exposure, uses a target volatility of 35% with leverage up to 500%, and is expected to lag a similar index without these charges. The preliminary estimated value is about $909.10 per $1,000 note and will not be less than $900 when finalized.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on September 3, 2031. The notes pay a monthly Contingent Interest Payment only when each index is at or above 70% of its Initial Value (the Interest Barrier); otherwise no interest is paid for that period. JPMorgan Financial may redeem the notes early, in whole, on specified interest payment dates starting September 2, 2027 at $1,000 per note plus any due contingent interest.
If the notes are not redeemed and, on the final review date, any index is below 65% of its Initial Value (its Trigger Value), principal is reduced 1-for-1 with the decline in the least performing index, potentially down to zero; if all are at or above their Trigger Values, $1,000 is repaid plus any final contingent interest. The indicative estimated value is about $933.50 per $1,000 note and will not be less than $900. Investors face index performance risk, the credit risk of JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, tax uncertainty and no participation in any index upside beyond contingent coupons.
JPMorgan Chase & Co. (through issuer JPMorgan Chase Financial Company LLC) is offering $388,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on August 15, 2031 and guaranteed by JPMorgan Chase & Co.
The notes provide 2.04x leveraged upside on any Index appreciation at maturity, with a 20.00% downside buffer. If the Index falls more than 20% from the Initial Value of 618.41, investors lose 1% of principal for each additional 1% decline, up to an 80.00% loss per $1,000 note (minimum payout $200). The notes pay no interest, are unsecured, not listed, and their return depends on the Index and the credit of both the issuer and guarantor.
The price to public is $1,000 per note, including $7.50 in selling commissions, for net proceeds to the issuer of $992.50 per note. The estimated value at pricing was $976.20 per $1,000 note, reflecting internal funding and hedging costs. Investors face risks from futures market structure (including negative roll returns and daily price limits), lack of liquidity, potential conflicts of interest, and complex U.S. tax treatment.
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 $5,336,000 of uncapped accelerated barrier notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing August 17, 2029 and guaranteed by JPMorgan Chase & Co. The notes provide 1.43x participation in any positive performance of the lesser performing index at maturity. If either index finishes at or above 80% of its initial level, principal is returned; if either finishes below 80%, principal is reduced one-for-one with the decline of the lesser performing index and can be fully lost.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are not bank deposits or FDIC insured. The price to public is $1,000 per note, while the estimated value at pricing was $986.90, reflecting embedded structuring, hedging and related costs. A structuring fee of $6.50 per $1,000 applies to $2,815,000 of the issuance. Secondary market liquidity is not assured, and any secondary prices are expected to be below the original issue price. Tax counsel views the notes as prepaid financial contracts/open transactions for U.S. tax purposes, but the IRS could challenge this treatment.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,000,000 of auto callable contingent interest notes due August 17, 2028, linked individually to the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index.
The notes pay a 12.00% per annum contingent coupon (3.00% per quarter) only if on a Review Date each index is at or above 75.00% of its Strike Value (the Interest Barrier). The notes may be automatically called starting February 16, 2027 if each index is at or above its Strike Value, returning principal plus due and unpaid contingent interest.
If not called, at maturity investors receive par only if each index is at or above its 75.00% Trigger Value; otherwise, repayment is reduced one-for-one with the loss of the Least Performing Index, potentially down to zero. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of $985.50 per $1,000 note at pricing.
JPMorgan Chase & Co. (JPM), via its subsidiary JPMorgan Chase Financial Company LLC, is offering $7,792,000 of Auto Callable Contingent Interest Notes linked to the Nasdaq-100® Technology Sector and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Rate of 10.85% per annum (0.90417% per month) only for Review Dates when the closing level of each index is at or above 80.00% of its Initial Value. The notes may be automatically called on specified Review Dates from February 16, 2027 onward if each index is at or above its Initial Value, returning $1,000 plus the applicable contingent interest, with no further payments.
If not called, and on the final Review Date both indices are at or above their Trigger Value (80.00% of Initial Value), investors receive $1,000 plus the final contingent interest. If either index finishes below its Trigger Value, repayment is reduced by the full negative return of the lesser-performing index, down to a possible total loss of principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $15 in selling commissions; the issuer’s estimated value is $965.50 per $1,000 note.
JPMORGAN CHASE & CO (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable contingent interest notes linked to the least performing of the S&P 500 Index, EURO STOXX 50 Index and Nasdaq‑100 Index, maturing on August 22, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of at least 10.75% per annum (at least 0.89583% per month) only on Review Dates when the closing level of each index is at or above 70% of its Initial Value (the Interest Barrier). The same 70% level is the Trigger Value for principal protection at maturity.
JPMorgan may redeem the notes early, in whole but not in part, on specified Interest Payment Dates starting August 20, 2027, paying $1,000 plus any due contingent interest. If not called and any index finishes below its Trigger Value on the final Review Date, principal is reduced 1% for each 1% decline in the Least Performing Index, so investors can lose more than 30% and up to all principal. The preliminary estimated value is about $980 per $1,000, and will not be less than $950 at pricing, reflecting embedded fees and hedging costs.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $295,000 of Uncapped Accelerated Barrier Notes linked to the least performing of the S&P 500 Index, Dow Jones Industrial Average and the Technology Select Sector SPDR ETF, maturing on August 16, 2029 and fully guaranteed by JPMorgan Chase & Co.
Each $1,000 note offers 1.665x leveraged upside on any positive return of the least performing underlying, with full principal repayment if every underlying finishes at or above 70% of its initial value. If any underlying ends below its 70% barrier, investors are fully exposed to downside in the least performer and can lose all principal.
The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on any exchange. The public issue price is $1,000 per note, including $29.50 in selling commissions, versus an estimated value of $949.90 per note at pricing, reflecting embedded structuring and hedging costs and the issuer’s internal funding rate.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering autocallable contingent coupon (with memory) barrier notes linked to an equally weighted basket of CrowdStrike, Palo Alto Networks and Fortinet. Each note unit has a $10 principal amount and is fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a quarterly Contingent Coupon Payment (with Memory) of between $0.375 and $0.425 per unit (a contingent rate of 15.00%–17.00% per annum) only if the basket’s Observation Value on the relevant date is at least 70% of the Starting Value. Missed coupons can be “made up” later if conditions are met, via the memory formula. The notes are automatically called if, on any designated Call Observation Date (starting about 12 months after pricing), the Observation Value is at or above 100% of the Starting Value; investors then receive $10 principal plus the due contingent coupon, with no further payments.
If not called, the notes mature in about three years. At maturity, if the basket’s Ending Value is at least 70% of the Starting Value, investors receive $10 plus any final contingent coupon. If the basket has fallen more than 30%, investors are exposed 1‑for‑1 to the decline, with up to 100% of principal at risk and no upside participation above par. The initial estimated value is expected between $9.10 and $9.481 per unit, below the $10 public offering price, reflecting selling commissions, structuring fees, hedging costs and the issuer’s internal funding rate.
JPMorgan Chase & Co. (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering autocallable contingent coupon (with memory) barrier notes linked to an equally weighted basket of Micron, Sandisk and Western Digital common stocks. The notes have a $10 principal amount per unit and a roughly three-year term, subject to early automatic call.
Investors may receive quarterly contingent coupons of $0.50–$0.55 per unit (20.00%–22.00% per annum) only if the basket is at or above 50% of the starting value on the observation date; missed coupons can be “made up” later via the memory feature. The notes are automatically called if, on specified dates starting about 12 months after pricing, the basket is at or above 100% of its starting value, returning principal plus the due coupon.
If not called, at maturity principal is protected only down to a 50% threshold; below that level investors are exposed 1-to-1 to basket declines, with up to 100% loss of principal. The initial estimated value is $9.10–$9.424 per unit, below the $10 offering price, reflecting embedded fees and hedging costs. Payments depend on the credit of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co., and there is no exchange listing or assured secondary market.
JPMORGAN CHASE & CO (JPM), as guarantor, supports a new primary offering of Trigger Callable Contingent Yield Notes issued by JPMorgan Chase Financial Company LLC. The Notes are linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices and mature on or about August 21, 2031.
Investors receive a contingent quarterly coupon only if each index closes at or above its Coupon Barrier (70% of its Initial Value) on the Observation Date; otherwise no coupon is paid. JPMorgan Financial may call the Notes on any quarterly Observation Date (except the Final Valuation Date), paying principal plus any due coupon, after which no further payments are made.
If the Notes are not called and, at maturity, each index is at or above both its Downside Threshold (65% of Initial Value) and its Coupon Barrier, investors receive full principal plus the final coupon. If any index finishes below its Downside Threshold, repayment is reduced in proportion to the decline of the Least Performing Underlying, and investors can lose a significant portion or all of principal. All payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering $7,839,000 of Medium-Term Notes, Series A, Digital Buffered Equity Notes due August 10, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are linked to an unequally weighted basket of five non-U.S. equity indices (EURO STOXX 50® 40%, TOPIX® 25%, FTSE® 100 17%, Swiss Market Index 11%, S&P/ASX 200 7%) from an initial basket level of 100 on the August 13, 2026 trade date to the August 8, 2029 determination date. The notes pay no interest and are not listed. At maturity, for each $1,000 principal amount, investors receive: if the basket return is positive but not high enough to exceed the threshold, a fixed threshold settlement amount of $1,315.50; if the basket rises enough that $1,000 plus the basket return exceeds $1,315.50, they receive $1,000 plus the basket return; if the basket falls by up to 15%, full principal is returned; if the decline exceeds 15%, losses are leveraged at approximately 1.1765× beyond that buffer, down to zero. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an estimated value of $988.90 per $1,000 at pricing, and involve complex tax and liquidity considerations.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $30,185,000 of Autocallable Buffered Equity Notes linked to the iShares MSCI South Korea ETF (EWY), due January 18, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a $1,000 denomination, pay no interest, are not listed, and are subject to JPMorgan credit risk. They may be automatically called on January 13, 2028 if EWY’s closing level is at least 70% of the initial level, paying $1,233.50 per $1,000 (principal plus a 23.35% call premium). If not called and the final level on January 16, 2029 is at least 70% of the initial level, investors receive $1,467.00 per $1,000 (a 46.70% maturity premium). If EWY falls more than 30%, principal is lost on a leveraged basis (about 1.4286% loss for each 1% drop beyond 30%), up to a total loss. The estimated value at pricing is $951.10 per $1,000, reflecting selling commissions of 2.41% and issuer hedging and structuring costs.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering $2,000,000 of Series A Digital Equity Notes due August 8, 2035, linked to the S&P 500 Index. The notes pay no interest and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, for each $1,000 note, if the S&P 500 final level is at least 90.00% of the initial level of 7,798.99, investors receive a fixed $1,936.40 (a capped digital return). If the final level is below 90.00% of the initial level, repayment is fully exposed to the index: the payout equals the index performance, so losses can reach 100% of principal.
The original issue price is 100% of principal, including a 5.00% selling commission and other structuring and hedging costs; net proceeds to the issuer are 95%. The bank’s estimated value is $931.40 per $1,000 note, reflecting internal funding and hedging assumptions. The notes are not listed, rely on JPMorgan credit, and involve complex and uncertain U.S. tax treatment, including potential future changes affecting prepaid contract taxation and Section 871(m) for non‑U.S. holders.
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 Review Notes linked to the MerQube US Large-Cap Vol Advantage Index with an aggregate principal amount of $59,000, priced at $1,000 per note and expected to mature on August 18, 2031. The notes may be automatically called on scheduled Review Dates starting August 17, 2027 if the Index closes at or above 100% of its Initial Value, paying back principal plus a fixed Call Premium (from 20.95% on the first Review Date up to 104.75% on the final one). If not called, principal is repaid at maturity only if the Final Index Value is at least the Barrier Amount, set at 50% of the Initial Value of 4,571.69; otherwise repayment is reduced one-for-one with the Index loss, exposing investors to losses greater than 50% and potentially a total loss. The Index embeds a 6.0% per annum daily deduction and uses a leveraged, target-volatility futures strategy, so its performance will lag a similar index without that fee. The notes pay no interest or dividends, are unsecured obligations of the finance subsidiary fully and unconditionally guaranteed by JPMorgan Chase & Co., and any payment depends on the credit of both entities. Net proceeds to the issuer are $56,050 after $2,950 of fees and commissions, and the initial estimated value is $885.50 per $1,000 note, below the price to the public.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $340,000 of Capped Buffered Return Enhanced Notes linked to the Russell 2000® Index, maturing January 19, 2028, at $1,000 per note with no underwriting commissions.
The notes provide 1.50x any positive Index return, capped at a 25.15% maximum gain, and a 10% downside buffer; beyond that, principal loss mirrors Index declines, up to a 90% loss. They pay no interest or dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and are not FDIC insured.
The estimated value at pricing is $996 per $1,000 note, reflecting issuer funding and hedging costs. Secondary market prices are expected to be below issue price and may differ from values shown on statements. Tax counsel views the notes as open transactions/prepaid financial contracts, though future IRS guidance could adversely change this treatment.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $5,412,000 of unsecured yield notes linked to the lesser performing of SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ, Series 1 (QQQ), maturing February 19, 2027. The notes pay fixed interest of 7.46% per annum, or $6.2167 per $1,000 monthly, totaling $37.30 over the term, and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
Principal repayment depends on the final prices of both ETFs. If each final value is at or above its Trigger Value (75% of initial), holders receive full principal plus the last interest payment. If either ETF closes below its Trigger Value, maturity payment equals $1,000 plus $1,000 times the return of the lesser-performing fund, plus the final interest, so investors can lose more than 25% and up to all principal. The estimated value at pricing was $990.20 per $1,000, below the $1,000 issue price, and the notes will not be listed, with liquidity depending on JPMS.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $239,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 18, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are sold at $1,000 per note with $50 in fees and commissions and issuer proceeds of $950 per note; the estimated value is $889.10, below the issue price due to selling and hedging costs. They offer automatic call opportunities starting August 17, 2027 if the Index is at or above its Initial Value, with fixed call premiums from 21.70% to 43.40% of principal depending on call date. If not called, investors receive 5x leveraged upside on any Index appreciation at maturity.
The structure includes a 50% barrier (Index level 2,285.845) and exposes investors to 1:1 downside below that level, potentially resulting in loss of most or all principal. The underlying Index itself carries a 6.0% per annum daily deduction and can employ up to 500% leverage to E-mini S&P 500 futures, creating significant performance and volatility risk. Payments depend on the credit of both the issuer and JPMorgan Chase & Co., and the notes pay no interest or dividends and are not exchange-listed.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $40,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 18, 2031. The notes are sold at $1,000 per note, with $50 in fees and commissions and $950 in proceeds to the issuer per note, for total proceeds of $38,000. The initial estimated value is $893.20 per $1,000 note.
The notes pay a quarterly Contingent Interest Payment of $27.25 per $1,000 (a 10.90% per annum rate) only if on a Review Date the Index is at or above 60.00% of the Initial Value, equal to an Interest Barrier and Trigger Value of 2,743.014 based on an Initial Value of 4,571.69. Missed interest can be paid later if a future Review Date meets the barrier. The notes are automatically called (after the third Review Date) if the Index is at or above the Initial Value, returning principal plus current and any unpaid contingent interest.
If not called, and on the final Review Date the Index is at or above the Trigger Value, investors receive principal plus the final and any unpaid contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Index Return), exposing holders to losses greater than 40% and up to a total loss of principal. The Index includes a 6.0% per annum daily deduction and can use leverage up to 500%, which, along with issuer and guarantor credit risk and limited liquidity, are key risk factors.
JPMORGAN CHASE & CO (JPM), as guarantor, is offering structured auto-callable review notes issued by JPMorgan Chase Financial Company LLC, linked to the MerQube US Large-Cap Vol Advantage Index, with an aggregate principal amount of $1,226,000 and scheduled maturity on August 18, 2031.
The notes may be automatically called as early as August 16, 2027 if the Index closes at or above a specified Call Value on a Review Date, paying principal plus a Call Premium based on a 15.25% annualized Call Premium Rate. If never called, holders receive at maturity $1,000 plus $1,000 × Index Return, exposing them to significant downside and possible total loss of principal. The underlying Index is a leveraged, rules-based strategy referencing E-mini S&P 500 futures with a 35% target volatility and up to 500% exposure, reduced by a 6.0% per annum daily deduction that drags performance. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., pay no interest or dividends, are not listed, and have an estimated value of $889 per $1,000 at pricing, below the $1,000 issue price.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $1,132,000 of unsecured Auto Callable Contingent Interest Notes due August 18, 2031, linked to the MerQube US Large-Cap Vol Advantage Index. The notes pay a contingent coupon of 11.50% per annum, quarterly, only if the Index on each Review Date is at or above 60% of its Initial Value; otherwise no interest is paid for that period.
From August 13, 2027, the notes are automatically called if the Index is at or above its Initial Value on a Review Date (other than the first three and final), returning $1,000 plus that period’s coupon. If held to maturity without an auto-call, principal is protected only if the Final Index Value is at or above 50% of Initial (Trigger Value); below that, investors lose principal 1-for-1 with the Index decline, down to zero.
The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which drags performance. The issue price is $1,000 per note, including fees; the initial estimated value is $889.60, reflecting structuring and hedging costs. Payments depend on JPMorgan Financial’s and JPMorgan Chase & Co.’s credit.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $364,000 of auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 18, 2031, in $1,000 denominations. The notes pay no interest or dividends and are unsecured, unsubordinated obligations fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on scheduled Review Dates starting August 17, 2027 if the Index is at or above the applicable Call Value (generally 100% of the Initial Value, 60% on the final Review Date), paying $1,000 plus a call premium that steps up from 17.95% to 89.75% of principal. If never called and the Final Value is below the 60% Barrier Amount, repayment is $1,000 plus $1,000×Index Return, so investors lose 1% of principal for each 1% Index decline and may lose their entire investment. The Index embeds a 6.0% per annum daily deduction and can use up to 500% futures leverage, which can materially drag performance. The estimated value at pricing was $887.10 per $1,000 note, below the $1,000 issue price.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $200,000 of unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 18, 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 11.50% per annum (2.875% quarterly) only if, on a Review Date, the Index is at or above 60% of its Initial Value (the Interest Barrier). Starting August 13, 2027, the notes are automatically called if, on a Review Date (other than the first three and final), the Index is at or above its Initial Value, returning $1,000 plus the applicable contingent interest, with no further payments.
If not called, at maturity investors receive $1,000 plus the final contingent interest if the Index is at or above the Trigger Value of 50% of Initial Value; otherwise the payoff equals $1,000 plus $1,000 times the Index return, exposing investors to loss of up to all principal. The underlying Index is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, so it is expected to lag a similar index without these deductions. The notes priced at $1,000 per note, with an estimated value of $900.50, and entail credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering $464,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 18, 2031 and subject to an automatic call feature as early as August 16, 2027. The notes pay no interest and do not provide dividends; investors instead receive principal plus a call premium if, on any Review Date, the Index closes at or above the Call Value.
The Call Premium Amount is based on a 17.70% annual Call Premium Rate, scaled by trading days, producing an illustrative payout of $1,177.70 on the first call date and up to $1,882.19 at the final Review Date per $1,000 note. If the notes are not called and the Final Index Value is at or above the Barrier Amount (60% of the Initial Value), principal is returned; if it is below, repayment equals $1,000 plus $1,000 times the Index Return, so investors can lose a significant portion or all of principal.
The Index employs a rules-based, leveraged exposure (0%–500%) to an unfunded position in Invesco QQQ, targeting 35% implied volatility, and is reduced by a 6.0% per annum daily deduction plus a daily notional financing cost (SOFR + 0.50%), which creates a persistent drag versus an identical index without such charges. The estimated value at pricing was $900.30 per $1,000 note, below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions. Repayment depends on the credit of JPMorgan Financial and the guarantee by JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.
JPMORGAN CHASE & CO (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount, minimum investment $1,000, and a contingent coupon rate expected to be at least 22.00% per annum, paid monthly only when Lam’s share price on an Observation Date is at or above the Coupon Barrier of $166.18 (50% of the Initial Value).
The Notes may be automatically called on any monthly Observation Date through August 2028 if Lam’s share price is at or above the Initial Value of $332.36, in which case investors receive principal plus that month’s coupon and no further payments. If not called, and the Final Value is at or above the Downside Threshold of $166.18, investors receive full principal plus the final coupon at maturity; otherwise, they receive $10 × (1 + Underlying Return), incurring a loss proportionate to Lam’s price decline, up to total loss.
The price to public is $10 per Note, including up to $0.15 in selling commissions to UBS, with proceeds to the issuer of $9.85 per Note. The estimated economic value at pricing is expected to be about $9.655 per $10 Note and not less than $9.30, reflecting structuring and hedging costs. The Notes are not bank deposits, are not insured, will not be listed on any exchange, and all payments depend on the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Tax disclosure states the issuer intends to treat the Notes as prepaid forward contracts with associated contingent coupons generally taxed as ordinary income, with specific U.S. and non-U.S. holder considerations.
JPMorgan Chase & Co. (as guarantor for JPMorgan Chase Financial Company LLC) is offering $23,924,060 of Buffer Autocallable GEARS, unsecured notes linked to an unequally weighted basket of five equity indices. The notes have a $10 denomination, a term to August 15, 2029, and may be automatically called on August 19, 2027 if the basket is at or above the Autocall Barrier of 100% of the initial basket value, paying a fixed 12.00% call return (total $11.20 per $10).
If not called and the basket is above its initial level at maturity, investors receive principal plus the basket return multiplied by Upside Gearing of 1.601. If the final basket value is at or above the Downside Threshold of 90% (a 10% buffer), principal is repaid. Below that level, repayment is reduced 1% for each 1% decline beyond the buffer, with up to 90% loss of principal. The basket weights are 40% EURO STOXX 50®, 25% Nikkei 225, 17.5% FTSE® 100, 10% Swiss Market Index and 7.5% S&P/ASX 200. The notes pay no interest or dividends and expose holders to both market risk of the basket and the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The public issue price is $10.00 per note, including a $0.25 selling commission, while the estimated value at pricing is $9.701 per $10.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Auto Callable Dual Directional Barrier Notes linked to the S&P 500® Index, due February 17, 2028, in $1,000 minimum denominations. The notes may be automatically called on August 18, 2027 if the Index on the Review Date is at or above the Call Value (100.00% of the Strike Value), paying $1,000 plus a Call Premium Amount of at least $105.00 per note.
If not called, at maturity investors receive $1,000 plus the Index Return when the Final Value exceeds the Strike Value of 7,785.76, or $1,000 plus the Absolute Index Return when the Final Value is between the Barrier Amount of 80.00% of Strike (6,228.608) and the Strike, effectively capping negative-return upside at $1,200.00 per note. If the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 times the Index Return, exposing investors to more than 20% loss and up to complete loss of principal.
The notes pay no interest, do not provide dividends on Index constituents, are unsecured and unsubordinated obligations of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. An example estimated value is $981.20 per $1,000 note, and the final estimated value will not be less than $950.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes will not be listed, and secondary prices are expected to be lower than the issue price.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked individually to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing March 1, 2029. Investors receive a Contingent Interest Payment for each Review Date when every index closes at or above 80% of its Initial Value (the Interest Barrier). Beginning with the sixth Review Date, if every index is at or above its Initial Value, the notes are automatically called and pay $1,000 plus the applicable contingent interest. If not called, at maturity investors receive $1,000 plus contingent interest only if each index’s Final Value is at or above 70% of its Initial Value (the Trigger Value); otherwise, repayment is reduced by the full negative return of the least performing index, with possible total loss of principal. The indicative Contingent Interest Rate will be between 8.75% and 10.75% per annum, paid monthly if due. The price to public is $1,000 per note, while the current estimated value would be about $953.90 and will not be less than $900. Payments depend on the credit of JPMorgan Financial and its parent guarantor.
JPMorgan Chase & Co. (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering $1,738,000 of Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index®, maturing on August 17, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide unleveraged upside to index gains and, if held to maturity, a dual-direction payoff: for index gains, investors receive the index return up to a Maximum Upside Return of 21.65%; for index losses of up to the 20.00% Buffer Amount, investors receive a positive return equal to the absolute decline (up to 20%). Below a 20% index decline, principal is exposed 1:1, with up to 80.00% loss at a 100% index drop.
The notes pay no interest, do not provide dividends on index constituents, and are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including selling commissions of $17.50 and issuer proceeds of $982.50 per note. The initial estimated value is $972.40 per $1,000 note, reflecting embedded structuring, hedging and distribution costs, and secondary market prices are expected to be below the issue price. Tax counsel currently views the notes as prepaid financial contracts, but future IRS guidance could adversely affect U.S. federal tax treatment.
JPMorgan Chase & Co. (JPM), via its finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the Nasdaq‑100 Technology Sector, 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 July 31, 2028, in minimum denominations of $1,000.
The notes pay 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 (Interest Barrier). If any index is below its barrier, no interest is paid for that period and some or all periods may pay nothing. The issuer may redeem the notes early, in whole, on designated interest payment dates starting on December 2, 2026, paying $1,000 plus any due contingent interest.
If the notes are not redeemed early, principal repayment at maturity depends on the Least Performing Index. If each index’s Final Value is at or above 60% of its Initial Value (Trigger Value), investors receive $1,000 plus any final contingent interest. If any index ends below its Trigger Value, repayment is reduced by the percentage decline of the Least Performing Index, and investors can lose a significant portion or all of principal. A preliminary estimated value is $959 per $1,000 note, and the final estimated value will not be less than $900, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes due March 5, 2029, linked individually to the Nasdaq‑100, Russell 2000 and S&P 500 indices. The notes pay a monthly Contingent Interest Payment only when the closing level of each index on a Review Date is at least 70.00% of its Initial Value, and may be automatically called as early as March 1, 2027 if each index is at or above its Initial Value on designated Review Dates. If not called, investors receive principal at maturity only if the Final Value of each index is at or above its Trigger Value (70.00% of Initial Value); otherwise repayment is reduced in proportion to the decline of the least performing index, potentially to zero. The indicative estimated value is about $971.40 per $1,000 note and will not be less than $900.00 per $1,000, reflecting embedded fees and hedging costs, and the notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering Medium-Term Notes, Series A, structured as Autocallable Buffered Equity Notes due August 9, 2028, linked to the S&P 500 Index. Each note has a $1,000 principal amount and pays no interest.
The notes may be automatically called on August 16, 2027 if the S&P 500 closing level is at or above 100% of the initial level, in which case investors receive $1,000 plus an 8.04%–9.44% call premium per note. If not called, at maturity investors receive $1,000 plus the better of the index return or a 16.08%–18.88% maturity premium if the index is at or above its initial level. A 10% downside buffer applies; below 90% of the initial level, losses are leveraged at about 1.1111x, and investors can lose their entire principal.
Any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value when priced is expected to be $964.80–$974.80 per $1,000, reflecting selling commissions (up to 1.99% of principal), hedging costs and dealer profit, so secondary prices will likely be below par.
JPMorgan Chase & Co. (symbol JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 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 issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning December 3, 2026, paying $1,000 per note plus the applicable contingent interest.
If the notes are not called, principal repayment at maturity depends on the “Least Performing Index.” If the Final Value of each Index is at or above 60% of its Initial Value (the Trigger Value), investors receive $1,000 plus any final contingent interest; otherwise the payoff is $1,000 plus $1,000 times the Least Performing Index return, exposing investors to losses up to 100% of principal. The hypothetical contingent interest rate is between 10.00% and 12.00% per annum, and the estimated value per $1,000 note would be about $971.40 if priced today (and not less than $900.00 when set). The notes are not FDIC insured, have limited liquidity, and their value and payments are subject to the credit risk of both the issuer and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $10,446,600 of Trigger Absolute Return Step Securities linked to an unequally weighted basket of six equity indices (S&P 500, EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index and S&P/ASX 200). The notes are unsecured, unsubordinated obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The Securities mature on August 15, 2031, are issued at $10 per note (minimum $1,000), pay no interest or dividends, and expose holders to both market risk of the basket and credit risk of JPMorgan Financial and JPMorgan Chase & Co. If the Final Basket Value is at or above the Step Barrier (100), investors receive principal plus the greater of a fixed Step Return of 35.75% or the Basket Return. If the Final Basket Value is below the Step Barrier but at or above the Downside Threshold (75% of the Initial Basket Value), holders receive principal plus the absolute value of the Basket Return. If the Final Basket Value is below the Downside Threshold, repayment is reduced dollar-for-dollar with the negative Basket Return, and investors can lose all principal. The estimated value is $9.486 per $10 note, below the issue price due to selling commissions, hedging costs and structuring profits.
JPMORGAN CHASE & CO (JPM), as guarantor, backs Capped Buffer GEARS issued by JPMorgan Chase Financial Company LLC, an unsecured structured note linked to an unequally weighted basket of five equity indices (EURO STOXX 50®, Nikkei 225, FTSE® 100, Swiss Market Index, S&P/ASX 200).
The notes have a term of approximately two years, from an August 13, 2026 trade date to an August 16, 2028 maturity, with a principal amount of $10 per security and a total offering of $3,852,400. At maturity, if the Basket Return is positive, investors receive $10 plus 2.00 times the Basket Return, capped by a Maximum Gain of 28.25%. If the Basket Return is zero or negative but the Final Basket Value is at or above the Downside Threshold of 90% of the Initial Basket Value, principal is repaid.
If the Basket Return is negative and the Final Basket Value falls below the Downside Threshold, repayment is reduced by losses beyond the 10% Buffer, with up to 90% of principal at risk. The securities pay no interest or dividends and any payment depends on the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value at pricing was $9.758 per $10 security, below the $10 issue price, reflecting selling commissions and hedging and structuring costs.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable barrier notes linked to the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index, maturing August 23, 2029, in minimum denominations of $1,000.
The notes may be automatically called on review dates starting August 24, 2027 if each index is at or above its Call Value (100% of its Initial Value), paying back principal plus a fixed call premium (at least 16.90% on the first review date and 33.80% on the second). If not called, maturity payoff is based on the least performing index: full principal plus its return if all indices finish above initial, principal only if all remain at or above a 70% barrier, and a 1:1 loss with the least performing index below that barrier, up to total loss of principal.
The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. The estimated value would be about $955.50 per $1,000 note if priced on the reference date and will not be less than $900.00 per $1,000 at issuance, reflecting embedded fees, hedging costs and issuer funding assumptions.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering structured Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing November 26, 2027, in minimum denominations of $1,000.
The notes provide unleveraged exposure to index moves: upside participation in the lesser-performing index up to a Maximum Upside Return of at least 23.00%, and a positive “dual directional” return for index declines up to a 15.00% Buffer Amount, with a maximum negative-side payoff of $1,150 per $1,000. If either index falls by more than 15%, principal is reduced 1% for each additional 1% decline in the lesser-performing index, down to $150 per $1,000 (an 85% loss).
The notes pay no interest, do not provide dividends from index constituents, are unsecured obligations of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and expose investors to both market risk of the indices and the credit risk of the issuer and guarantor. Initial estimated value is expected to be below the $1,000 issue price due to embedded selling, structuring and hedging costs.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $3,156,000 of Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing on February 17, 2028 and guaranteed by JPMorgan Chase & Co. The notes provide unleveraged exposure to index gains up to a Maximum Upside Return of 18.51%, and to the absolute value of index declines up to a 10.00% Buffer Amount, with no periodic interest or dividends.
At maturity, investors receive $1,000 plus the index return, capped at 18.51%, if the index rises; if the index is flat or down by up to 10.00%, they receive $1,000 plus the absolute index decline, up to a maximum of $1,100 per $1,000 note; if the index falls by more than 10%, principal is reduced 1% for each 1% further decline, down to $100 if the index goes to zero. The notes are unsecured, not FDIC‑insured, not listed, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $15 in selling commissions, while the issuer’s estimated value is $982, reflecting embedded structuring and hedging costs.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable contingent interest notes linked individually to the Russell 2000, S&P 500 and EURO STOXX 50 indices, maturing February 29, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a monthly Contingent Interest Payment only if each index is at or above 70% of its Initial Value on the relevant Review Date; otherwise no interest is paid for that period. Principal is at risk: if the notes are not called and any index finishes below its 70% Trigger Value at maturity, repayment is reduced one-for-one with the index loss, potentially to zero.
The issuer may redeem the notes early, in whole, on certain Interest Payment Dates beginning November 30, 2026, paying $1,000 plus any due contingent interest. The minimum denomination is $1,000. The estimated value is indicated at about $968.10 per $1,000 note, and will not be less than $900.00, reflecting selling commissions, hedging costs and structuring margins embedded in the issue price.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Auto Callable Contingent Interest Notes due July 27, 2028 linked individually to the Russell 2000 Index, the S&P 500 Index and the SPDR S&P Regional Banking ETF. The notes pay a Contingent Interest Payment on each monthly Review Date only if the closing value of each underlying is at least 70% of its Initial Value; otherwise no interest is paid for that period. Beginning November 24, 2026, the notes are automatically called if, on a Review Date (other than the first, second and final), each underlying is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments. If not called, at maturity investors receive $1,000 plus the final contingent interest if each underlying is at or above its 60% Trigger Value; if any is below its Trigger Value, principal is reduced one-for-one with the decline of the worst-performing underlying, potentially to zero. The hypothetical contingent interest rate is at least 10.35% per annum, but the estimated value is about $981.40 per $1,000 note and will not be less than $900, and the notes carry full credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with no listing or principal protection.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the lesser performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on May 30, 2028 and callable as early as November 24, 2026. The notes pay a monthly Contingent Interest Payment only if on a Review Date the closing level of each index is at or above its Interest Barrier, set at 75% of its Initial Value; otherwise no interest is paid for that period. Principal is protected only if, at maturity and absent an earlier call, the Final Value of each index is at or above its Trigger Value, set at 70% of its Initial Value; if the lesser-performing index finishes below its Trigger Value, investors lose 1% of principal for each 1% decline in that index, up to a total loss. The indicative Contingent Interest Rate is at least 9.15% per annum, and the estimated economic value is about $963.70 per $1,000 note, not less than $900.00, reflecting embedded structuring and hedging costs. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co. and are subject to its and the issuer’s credit risk, with no listing, no dividends from the underlying indices, and potentially limited or no liquidity.
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 Russell 2000 Index and the S&P 500 Index, maturing on July 30, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent monthly coupon only if on a Review Date each index is at or above an Interest Barrier of 70% of its Initial Value; otherwise no interest is paid for that period. If the notes are not called and, at maturity, either index is below its Trigger Value of 60% of Initial Value, repayment of principal is reduced one-for-one with the decline in the lesser performing index, potentially to zero. JPMorgan may redeem the notes early on specified interest payment dates starting March 2, 2027, paying $1,000 per note plus any due contingent interest.
The indicative contingent interest rate is at least 8.50% per annum$966.20 per $1,000 principal amount, and will not be less than $900 at pricing, reflecting embedded selling, structuring and hedging costs, as well as issuer and guarantor credit risk and limited liquidity.