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 $600,000 of Digital Barrier Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 indices, maturing May 28, 2027, at $1,000 per note and fully guaranteed by JPMorgan Chase & Co.
At maturity, investors receive a fixed 8.50% return if the final level of each index is at least 95% of its initial level; if any index is below 95% but all are at or above 70%, only principal is returned. If any index ends below 70% of its initial level, repayment is reduced one-for-one with the least performing index, down to a total loss of principal.
The notes pay no coupons or dividends, are unsecured obligations exposed to the credit risk of both the issuer and guarantor, will not be listed on any exchange, and have an estimated value of $981.70 per $1,000 note, below the issue price due to selling, structuring and hedging costs.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $5,878,000 of unsecured Auto Callable Dual Directional Accelerated Barrier Notes linked to the lesser performer of the SPDR S&P Homebuilders ETF (XHB) and the Industrial Select Sector SPDR ETF (XLI), fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are issued in $1,000 denominations, priced on August 25, 2026 and expected to settle around August 28, 2026, with maturity on August 30, 2029. They may be automatically called on review dates in 2027 and 2028 if each ETF is at or above its Call Value, paying $1,000 plus a call premium of 13.00% on the first review date or 26.00% on the second, and then terminating.
If not called, at maturity investors receive leveraged upside of 1.50× any appreciation of the lesser-performing fund, or a positive return equal to the absolute value of up to 25.00% downside, provided each ETF stays at or above its Barrier Amount of 75.00% of Initial Value. If either ETF finishes below its Barrier, repayment is $1,000 plus the actual (unlevered) return of the lesser performer, and investors can lose a significant portion or all of principal. The estimated value is $935.50 per $1,000 note, below the $1,000 issue price, and payments are subject to the credit risk of both the issuer and JPMorgan Chase & Co.
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 structured notes linked to the least performing of the S&P 500 Index, Nasdaq-100 Index and Russell 2000 Index, maturing on September 7, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes have a $1,000 minimum denomination and pay no interest or dividends. At maturity, if the final level of each index is above its initial level, holders receive $1,000 plus an Additional Amount equal to $1,000 × Least Performing Index Return × a Participation Rate of at least 107.35%. If any index finishes at or below its initial level, the payoff is $1,000 + ($1,000 × Least Performing Index Return), but not less than $950 per $1,000, exposing investors to up to a 5% loss of principal, subject to issuer and guarantor credit risk.
If priced on the date illustrated, the estimated value would be about $982.70 per $1,000, and when set it will not be less than $900. Selling commissions will not exceed $9.50 per $1,000. The notes will not be listed, and secondary market prices are expected to be below the issue price.
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 $3,874,000 of auto-callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 28, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called as early as August 27, 2027 if the Index is at or above the Call Value, paying $1,000 plus a call premium starting at 20% of principal and rising to 100% on the final Review Date. If not called, principal is protected only by a 15% Buffer Amount; if the Index falls more than 15% from the Initial Value of 13,533.49, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 85% loss.
The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which will drag on performance relative to a similar index without such charges. The price to public is $1,000 per note, including $44 of fees and commissions, while the estimated value is $909.50 per $1,000, and payments are subject to the credit risk of both the issuer and JPMorgan Chase & Co.
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 $1,655,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 28, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a 9.25% per annum Contingent Interest Payment on monthly Review Dates only if the Index is at or above an Interest Barrier of 60% of the Initial Value; missed coupons can be paid later if a barrier is met. Starting August 25, 2027, the notes are automatically called if the Index is at or above the Initial Value on specified Review Dates, returning $1,000 plus due and unpaid contingent interest.
If not called, at maturity investors receive $1,000 back only if the Final Index Value is at or above a Buffer Threshold of 85% of the Initial Value; below this, principal is reduced 1:1 beyond a 15% buffer, for a maximum principal loss of 85%. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ exposure, uses target-volatility-driven exposure up to 500% or as low as 0%, and is expected to trail a similar index without these deductions. Any payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, unsubordinated, unlisted and may be illiquid.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,500,000 of unsecured Callable Contingent Interest Notes due July 30, 2031, linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index. The notes pay a Contingent Interest Rate of 8.50% per annum (0.70833% per month) only for Review Dates when the closing level of each index is at or above its Interest Barrier of 70.00% of its Initial Value. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning on March 2, 2027, paying $1,000 plus any due contingent interest.
If not redeemed early, and on the final Review Date the Final Value of each index is at or above its Trigger Value of 60.00% of its Initial Value, investors receive $1,000 plus any final Contingent Interest Payment. If either index finishes below its Trigger Value, the maturity payment becomes $1,000 plus $1,000 × the Lesser Performing Index Return, so principal loss matches the percentage decline of the lesser performing index and can reach 100%. The notes are issued at $1,000 per note, with selling commissions of $9 and proceeds to the issuer of $991 per note; the estimated value is $967.20 per $1,000 note. The investment involves index, credit, liquidity, structural and tax risks, and does not provide dividends or guaranteed interest.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $550,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500 Futures Excess Return Index, maturing August 30, 2029, in $1,000 denominations. The notes provide 1.1875x any positive index return at maturity, with no upside cap.
Principal is protected only by a 50.00% downside buffer: if the index falls by 50% or less, holders receive $1,000; below that level, investors lose 1% of principal for each 1% additional decline, down to $500 per $1,000 if the index goes to zero. The notes pay no interest and are unsecured, unsubordinated obligations of JPMorgan Financial, 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 selling commissions of $7.50 per $1,000, with net proceeds of $992.50 to the issuer. The issuer’s estimated value is $986.10 per $1,000 at pricing, reflecting internal funding rates, hedging costs and dealer compensation. The notes will not be listed, secondary liquidity is uncertain, and tax treatment is complex, with the issuer intending to treat them as “open transactions”/prepaid financial contracts.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,260,000 of unsecured Callable Contingent Interest Notes due July 28, 2028, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Investors receive a contingent coupon only on Review Dates when the closing level of each index is at least 70.00% of its Initial Value; otherwise no interest is paid. If not called early, principal is protected only if each index’s Final Value is at or above its 70.00% Trigger Value; if any falls below, repayment is reduced one-for-one with the decline of the least performing index, down to total loss. The notes are callable at the issuer’s option on specified dates as early as March 2, 2027. Price to public is $1,000 per note, with an estimated value of $980.60, and they are fully and unconditionally guaranteed by JPMorgan Chase & Co., subject to its and the issuer’s credit risk. The contingent interest rate is 11.05% per annum, and the notes will not be listed, so liquidity depends on dealer bids.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $9,025,000 of unsecured Capped Dual Directional Barrier Notes linked to the S&P 500 Index, maturing August 30, 2028. The notes provide unleveraged upside to index gains at maturity, capped at a Maximum Upside Return of 20.10%.
If the index is flat or down but remains at or above a Barrier Amount of 75% of the Initial Value, investors receive the absolute value of the index loss as a positive return, up to 25% (maximum payment $1,250 per $1,000 note on the downside). If the index closes below the barrier, principal is exposed one-for-one to the full index decline and can be fully lost. The notes pay no interest or dividends, are not FDIC insured, and are subject to the credit risk of both JPMorgan Financial as issuer and JPMorgan Chase & Co. as guarantor. The price to public is $1,000 per note, including $22.50 in fees and commissions, while the issuer’s estimated value is $971.70 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs.
JPMORGAN CHASE & CO (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering $1,139,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 28, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 13.35% per annum, credited monthly (1.1125% per month) only if, on each Interest Review Date, the Index closes at or above an Interest Barrier equal to 70% of the Initial Value. Missed coupons can be paid later if a future review date meets the barrier. The notes are auto callable quarterly from August 25, 2027 if the Index is at or above the Initial Value, returning $1,000 plus the current and any unpaid contingent interest.
If not called, at maturity investors receive $1,000 per note only if the Final Index Value is at or above a Trigger Value equal to 50% of the Initial Value; otherwise principal is reduced one-for-one with the Index loss, down to zero. The underlying Index dynamically allocates leveraged exposure (0%–500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which structurally drags performance versus an identical index without this fee. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, may have limited liquidity, and price to public of $1,000 per note exceeds the issuer’s estimated value of $930.50, reflecting commissions and hedging/structuring costs.
JPMorgan Chase & Co. (JPM), through its wholly owned subsidiary JPMorgan Chase Financial Company LLC, is offering callable fixed rate notes due September 11, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 5.00% per annum, calculated on a 30/360 basis, with interest payable annually in arrears on September 11 of each year, beginning September 11, 2027.
The issuer may, at its option, redeem the notes in whole (but not in part) on March 11, 2028 at par plus accrued and unpaid interest, subject to the stated business day and interest accrual conventions. Each note has a principal amount of $1,000, with the price to the public between $990.10 and $1,000 per $1,000 principal amount for certain eligible accounts. Selling commissions are paid by J.P. Morgan Securities LLC to dealers and would be approximately $1.50 per $1,000 principal amount if priced as of the described date, and will not exceed $10.00 per $1,000. The notes are unsecured obligations, are not bank deposits and are not insured by the FDIC or any other governmental agency.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index, maturing September 6, 2029, in $1,000 minimum denominations. The notes are unsecured and unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors receive a Contingent Interest Payment on each Review Date only if the Index closes at or above 65% of the Initial Value (the Interest Barrier). If this occurs, any previously unpaid contingent interest is also paid. The notes are automatically called, starting as early as August 31, 2027, if on an applicable Review Date the Index is at or above the Call Value, in which case investors receive $1,000 plus the current and any unpaid contingent interest.
If the notes are not called and on the final Review Date the Index is below the Trigger Value (also 65% of Initial Value), repayment of principal is reduced 1% for each 1% decline in the Index, down to zero. The Contingent Interest Rate will be at least 12.50% per annum. The Index employs leverage up to 500%, targets 35% volatility and is reduced by a 6.0% per annum daily deduction, which drags on performance. The estimated value is about $950 per $1,000 note and will not be less than $930 when set.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured “Review Notes” linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes, in $1,000 minimum denominations, are expected to price on or about September 11, 2026 and mature on September 16, 2030, with potential automatic call on seven semiannual Review Dates if each index is at or above 100% of its initial level. Call premiums are at least 14.80% to 59.20% of principal, but the notes pay no interest, offer no dividends, are not principal protected and can lose more than 30% and up to all principal if held to maturity and any index finishes below 70% of its initial level. An example estimated value is $971.60 per $1,000 note, and the final estimated value will not be less than $900.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering auto-callable Structured Investments Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing September 8, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes can be automatically called as early as September 7, 2027 if the Index is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium of at least 26.25% to 131.25% of principal depending on the Review Date. If not called and the Final Value is at or above 50% of the Initial Value, investors receive par at maturity; if below 50%, repayment equals $1,000 plus $1,000 × Index Return, so losses can exceed 50% and reach total principal loss.
The Index uses leveraged E-mini S&P 500 futures exposure with a 35% target volatility (capped at 500% exposure) and is subject to a 6.0% per annum daily deduction, which drags performance versus an identical index without a fee. The estimated value is approximately $900 per $1,000 note and will not be less than $880, below the price to public, reflecting selling costs and hedging. The notes pay no interest, forgo dividends, are unsecured, and are exposed to the credit risk of both the issuer and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering Callable Range Accrual Notes linked to the 10-Year CMT Rate, due August 31, 2036, under its medium-term note program and guaranteed by JPMorgan Chase & Co.
The notes pay a fixed 10.50% per annum during Initial Interest Periods from issuance to but excluding August 31, 2027. After that, monthly interest becomes variable: the rate equals 10.50% × (Variable Days / Actual Days), capped at 10.50% and floored at 0.00%, where Variable Days are days the 10-Year CMT Rate is at or below 5.00%. The issuer may redeem the notes in whole (but not in part) at 100% of principal plus accrued interest on the last calendar day of each month, from August 31, 2027 through maturity.
Illustrative selling commissions are approximately $40 per $1,000 principal (maximum $50), and an example estimated value is $919.60 per $1,000, with a stated floor of $900.00 when finalized. Net proceeds will be used for general corporate purposes and for hedging obligations on the notes. Interest, redemption amounts and any successor rate are determined by a calculation agent affiliated with JPMorgan.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $6,721,000 of unsecured Callable Contingent Interest Notes due March 1, 2028, linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a 9.60% per annum Contingent Interest (0.80% monthly) only for Review Dates when each index closes at or above 70% of its Initial Value (the Interest Barrier). The same 70% level serves as the Trigger Value for principal protection at maturity. JPMorgan may redeem the notes early on specified Interest Payment Dates starting December 1, 2026; on early redemption investors receive $1,000 plus any due Contingent Interest, with no further payments.
If the notes are not called and, on the final Review Date, any index is below its Trigger Value, the redemption amount is reduced dollar-for-dollar with the negative return of the least performing index, and investors can lose most or all principal. The price to public is $1,000 per note, including $20 in selling commissions; proceeds to the issuer are $980 per note. The estimated value at pricing is $968.70 per $1,000, reflecting embedded costs and JPMorgan’s internal funding rate. The notes are not bank deposits, are not FDIC-insured, 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 principal-at-risk Contingent Income Callable Securities due March 5, 2029 linked to the worst performing of the EURO STOXX 50, S&P 500 and Russell 2000 indices. Each security has a $1,000 stated principal amount and issue price and pays a contingent quarterly coupon of at least 2.5375% of principal (at least $25.375) only if on every day in the quarter each index stays at or above 70% of its initial level (the downside threshold).
JPMorgan may redeem the notes early on any quarterly payment date (except the final one) for $1,000 plus any due coupon, after which no further payments are made. If held to maturity and all indices finish at or above their downside thresholds, investors receive principal back plus the final coupon if the daily condition is also met. If any index ends below its downside threshold, the maturity payment is reduced one-for-one with the decline of the worst index and can be less than 70% of principal or zero, with no upside participation. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of about $960.60 per $1,000 at launch.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,795,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performer of SPY and QQQ, maturing August 30, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.135x leveraged upside if both ETFs finish above their initial values, and up to a 30.00% positive “dual directional” return if the lesser-performing fund is down but not below a 70.00% Barrier Amount. If either ETF closes below its Barrier Amount on the observation date, investors lose 1% of principal for each 1% decline in the lesser-performing fund and can lose all principal.
The price to the public is $1,000 per note, including $7.50 in selling commissions, for net proceeds of $992.50 per note. The issuer’s estimated value is $982.60 per $1,000, reflecting embedded selling, structuring and hedging costs. The notes pay no interest, do not provide dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and are not expected to be listed, limiting liquidity.
JPMORGAN CHASE & CO (JPM), via its subsidiary JPMorgan Chase Financial Company LLC, is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is expected to price around August 31, 2026 and settle around September 3, 2026. The notes pay a contingent interest rate of at least 12.50% per annum (1.04167% per month) only when the Index closing level on a Review Date is at or above 65% of the Initial Value, with unpaid interest amounts accruing if later barriers are met. The notes are automatically called if, from the 12th Review Date onward, the Index is at or above 90% of the Initial Value.
If not called and the Final Index Value is at least 65% of the Initial Value, investors receive full principal plus the final and any unpaid contingent interest. If the Final Value is below 65%, maturity payment equals $1,000 + ($1,000 × Index Return), so investors can lose a significant portion or all of principal. The underlying Index is a leveraged, rules-based index on E‑mini S&P 500 futures, with exposure between 0% and 500% and a 6.0% per annum daily deduction, which creates a structural drag on performance. Estimated value per note would be about $950 today and will not be less than $930 per $1,000 at pricing; this is below the issue price due to selling commissions and structuring/hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and will not be listed, so liquidity may be limited.
JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering $2,728,000 of unsecured Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Nasdaq-100 Index and the S&P 500 Index, maturing March 1, 2028 and fully guaranteed by JPMorgan Chase & Co.
The notes provide 1.50x leveraged upside on the lesser-performing index, capped at a maximum total return of 16.90%, and a positive, uncapped “absolute” payoff for index declines up to a 20.00% buffer (maximum negative-side payoff $1,200 per $1,000). If either index falls more than 20.00%, principal is reduced 1:1 beyond the buffer, for up to an 80.00% loss (minimum maturity payment $200 per $1,000). The price to public is $1,000 per note, with estimated value of $990.60, no interest or dividends, no exchange listing, and repayment subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,441,000 of Uncapped Accelerated Barrier Notes linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, due August 29, 2030. These notes provide 2.04x any positive performance of the lesser-performing underlying at maturity, without an upside cap. If either underlying finishes below its 65% Barrier Amount, principal is reduced 1% for every 1% decline of the lesser performer from its initial value, potentially to zero. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial Company LLC fully guaranteed by JPMorgan Chase & Co., and expose investors to the credit risk of both entities. The minimum denomination is $1,000, price to public per note is $1,000, and the estimated value at pricing was $973.50 per $1,000 note, reflecting embedded fees and hedging costs.
JPMORGAN CHASE & CO (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering $3,250,000 of Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index, maturing August 30, 2028, in $1,000 denominations and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide unleveraged upside to index gains and to modest losses: investors earn the index return when positive, capped at a Maximum Upside Return of 25.80%, and earn the absolute value of index declines up to a 15.00% Buffer Amount. Below that buffer, principal is exposed 1:1, with up to 85.00% loss of principal at maturity. The notes pay no interest or dividends, are unsecured and unsubordinated, not FDIC insured, and their value is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value was $991.30 per $1,000 at pricing, reflecting structuring and hedging costs, and secondary market prices are expected to be below the issue price.
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 MerQube US Tech+ Vol Advantage Index, with automatic call features and final maturity on September 9, 2031. The notes can be automatically called as early as September 9, 2027 if the Index closes at or above a specified Call Value, paying $1,000 principal plus a Call Premium Amount that steps up from at least 10% to 50% of principal over forty‑nine Review Dates.
Investors forgo interest and dividends and bear downside risk beyond a 15% buffer: if the Final Index Value is more than 15% below the Initial Value and no automatic call has occurred, principal is reduced 1% for each 1% decline beyond the buffer, up to an 85% loss. The Index applies a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which are expected to drag performance relative to an identical index without such charges. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but all payments are subject to the credit risk of both the issuer and guarantor. If priced on the terms illustrated, the estimated value would be about $909.60 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured Review Notes linked to the FTSE 100, EURO STOXX 50 and TOPIX indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination, are expected to price on or about August 28, 2026, settle on or about September 2, 2026, and mature on September 3, 2031, unless automatically called earlier.
The notes pay no interest or dividends. On each of 19 Review Dates starting March 1, 2027, if the closing level of each index is at or above its Call Value, the notes are automatically called and investors receive $1,000 plus a Call Premium Amount (at least 5.75% of principal on the first Review Date, rising to at least 57.50% on the final Review Date). If never called and on the final Review Date any index is below its Barrier Amount of 75% of its Initial Value, repayment is $1,000 plus $1,000 times the Least Performing Index Return, exposing investors to losses greater than 25% and up to 100% of principal.
The notes will not be listed, so liquidity may be limited. The estimated value, if priced today, would be about $950 per $1,000 note and will not be less than $930 when set, reflecting selling commissions, hedging costs and an internal funding rate. Payments are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering Uncapped Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, due August 28, 2036, in an aggregate principal amount of $675,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 3.546x leveraged, uncapped upside to positive Index performance at maturity, return only principal if the Index is flat, and expose holders to 1:1 downside if the Index declines, up to a total loss of principal. They pay no interest, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
The price to public is $1,000 per note, including $10 in selling commissions, with net proceeds of $990 per note. The issuer’s estimated value is $961.20 per $1,000, reflecting embedded costs, internal funding rates and hedging assumptions. The notes will not be listed, and secondary market liquidity will depend on J.P. Morgan Securities LLC.
JPMorgan Chase & Co. (JPM), through its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured Review Notes linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The $1,000-denomination notes may be automatically called on scheduled Review Dates from September 10, 2027 to September 4, 2031 if each underlying is at or above 100% of its Initial Value, paying back principal plus a fixed Call Premium Amount that steps up from at least 12.80% to at least 64.00%. If not called and each Final Value is at or above 70% of its Initial Value, investors receive principal at maturity on September 9, 2031.
If the notes are not called and either underlying finishes below its 70% Barrier Amount, repayment is reduced one-for-one with the decline of the lesser performer, so investors can lose more than 30% and up to all principal. The estimated economic value is indicated at $939.60 per $1,000 note today and will not be less than $900.00 per $1,000 at pricing, reflecting embedded costs, and the notes pay no interest or dividends.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes due September 5, 2031 linked to the MerQube US Large-Cap Vol Advantage Index, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a monthly Contingent Interest Payment only if the Index on a Review Date is at least 60.00% of the Initial Value (the Interest Barrier). From the 12th Review Date onward, if the Index is at least the Initial Value, the notes are automatically called and return principal plus that period’s interest.
If not called and the Final Value is below the 50.00% Trigger Value, repayment of principal is reduced 1:1 with the Index decline, down to zero, so investors may lose a significant portion or all of their investment. A hypothetical Contingent Interest Rate of 14.10% per annum (1.175% per month) is illustrated, and the actual rate will be at least this level.
The underlying Index uses a target volatility strategy with up to 500% futures exposure and a 6.0% per annum daily deduction, which creates a persistent drag versus an undeducted index. If priced today, the estimated value would be about $935.80 per $1,000 note and will not be less than $900.00 at pricing, below the price to public, reflecting selling costs and issuer funding assumptions. Payments depend on the credit of JPMorgan Chase Financial and JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is issuing structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, with a total principal amount of $267,000, maturing on August 28, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on any of 17 Review Dates starting August 25, 2027 if the Index closes at or above 100% of its Initial Value, paying $1,000 plus a fixed Call Premium that starts at 23.00% of principal on the first Review Date and rises to 115.00% on the final Review Date. If not called, principal is repaid at maturity only if the Final Index Value is at least the Barrier Amount of 60.00% of the Initial Value; otherwise repayment is $1,000 plus $1,000 times the Index return, exposing investors to losses greater than 40% and up to 100% of principal.
The Index includes a 6.0% per annum daily deduction and the QQQ-based Underlying Asset bears a daily notional financing cost (SOFR + 0.50%), which drag performance and cause the Index to trail a similar index without such deductions. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and are not FDIC insured. The price to public is $1,000 per note, including $45 in selling commissions, while the issuer’s estimated value is $902.80 per $1,000 note, reflecting embedded costs and internal funding assumptions. Liquidity is limited because the notes will not be listed, and secondary prices are expected to be below the issue price.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Digital Contingent Buffered Notes guaranteed by JPMorgan Chase & Co. The notes are linked to an equally weighted basket of four financial stocks: Morgan Stanley, Bank of America, Capital One Financial and Wells Fargo, each at a 25.00% weight.
If, on the September 8, 2027 Valuation Date, the Basket is at or above 85.00% of its Starting Basket Level of 100, investors receive a fixed Contingent Digital Return of at least 14.20%, for a minimum payment of $1,142.00 per $1,000 note at the September 13, 2027 maturity. If the Ending Basket Level is below 85.00% of the Starting Basket Level, principal is reduced 1% for each 1% decline in the Basket, with losses exceeding 15.00% possible, down to total loss of principal.
The notes have minimum denominations of $10,000, pay no interest or dividends, are not FDIC insured, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. If priced on the indicated terms, the estimated value would be about $981.70 per $1,000 note and will not be less than $970.00 per $1,000, reflecting embedded fees, hedging costs and dealer compensation. The notes will not be listed, and secondary market liquidity, if any, would be provided on a discretionary basis by J.P. Morgan Securities LLC.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, maturing September 5, 2031 and guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment on each monthly Review Date only if each index closes 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 March 4, 2027, paying $1,000 plus any due contingent interest. If held to maturity without early redemption, principal is fully repaid only if each index’s Final Value is at or above its Trigger Value, set at 55% of Initial Value; otherwise, repayment is reduced 1% for each 1% decline of the Least Performing Index, exposing investors to loss of up to all principal.
The minimum denomination is $1,0008.10% per annum (0.675% per month) is shown, and the actual rate will be at least this level. If priced today, the estimated value would be about $932.70 per $1,000 note and will not be less than $900. Key risks include no guaranteed interest, potential loss of principal, issuer and guarantor credit risk, limited liquidity, and complex tax and index-specific risks.
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 Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing March 9, 2028 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment on each monthly Review Date only if each index closes at or above 80% of its Initial Value (the Interest Barrier). The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting December 9, 2026, paying $1,000 per note plus any due contingent interest, after which no further payments are made.
If held to maturity and not called, principal repayment depends on the Least Performing Index. If each index’s Final Value is at least 85% of its Initial Value (the Buffer Threshold), investors receive $1,000 plus the final contingent coupon. If any index finishes below 85% of its Initial Value, repayment is reduced dollar‑for‑dollar beyond a 15% buffer, exposing investors to up to an 85% loss of principal. The indicative estimated value is about $983.40 per $1,000 note, and will not be less than $900. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
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 Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on August 29, 2031. The notes pay no interest and are unsecured, unsubordinated obligations of the finance subsidiary, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide an uncapped leveraged upside of at least 2.1335x any positive Index return at maturity, with a 20% downside buffer. If the Index falls more than 20% from the Strike Value, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 80% of principal. The minimum denomination is $1,000, and the price to public per note is $1,000.
If priced on the example date, the estimated value would be about $981.20 per $1,000 note and will not be less than $950.00 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes will not be listed, secondary liquidity depends on JPMS, and performance is driven by futures on the S&P 500® Index, including risks from futures market volatility, negative roll returns and daily price limits, as well as complex and evolving U.S. tax treatment.
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 September 5, 2031, in minimum denominations of $1,000. Investors receive a Contingent Interest Payment on each Review Date only if the Index closes at or above 78.00% of the Initial Value, with any unpaid prior coupons then paid in arrears.
The notes are automatically called, starting as early as September 2, 2027, if on certain Review Dates the Index is at or above the Call Value, returning principal plus the due Contingent Interest Payment and any unpaid coupons. If not called, principal is protected only down to a Buffer Threshold of 85.00% of the Initial Value; below that, investors lose 1% of principal for each 1% further decline, up to an 85.00% loss. The MerQube index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ exposure, which drags on performance and can cause it to lag an equivalent undeducted index. If priced today, the estimated value would be about $912.60 per $1,000 note, and the Contingent Interest Rate will be at least 10.00% per annum, subject to JPMorgan credit risk.
JPMORGAN CHASE & CO. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to September 9, 2031, are issued in $1,000 minimum denominations and pay no interest or dividends.
At maturity, if both underlyings finish at or above 60% of their initial values, investors receive at least the principal back, with upside equal to the lesser performer’s gain multiplied by an Upside Leverage Factor of at least 2.01 and no cap. If either underlying ends below 60% of its initial value, principal is reduced 1% for every 1% decline of the lesser performing underlying, down to total loss. An indicative estimated value is about $957.70 per $1,000 note, and the final estimated value will not be less than $900, reflecting embedded costs and hedging. The notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, may have limited or no secondary liquidity, and carry additional risks including non‑U.S. equity, currency, correlation, acceleration and tax‑treatment uncertainty.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing September 3, 2031.
The notes provide uncapped upside of at least 1.1265× any gain in the lesser performing index at maturity, but pay no interest and no dividends. A 40% buffer protects against moderate declines; if either index falls more than 40%, principal is reduced 1% for each additional 1% decline, for a maximum loss of 60% (down to $400 per $1,000).
Minimum denomination is $1,000. If priced today, the estimated value would be about $980.10 per $1,000 note, and will not be less than $950.00, reflecting embedded selling, structuring and hedging costs. The notes carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, may trade at prices below issue, and involve complex and uncertain U.S. tax treatment.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® Utilities Select Sector SPDR® ETF, maturing on September 7, 2029.
Investors receive a Contingent Interest Payment on a Review Date only if the closing value of each underlying is at least 70.00% of its Initial Value; otherwise no interest is paid for that period. From the sixth Review Date onward, the notes are automatically called if each underlying is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and then terminating. If the notes are not called and, at maturity, any underlying is below its Trigger Value (also 70.00% of Initial Value), principal is reduced 1% for each 1% decline of the Least Performing Underlying, down to a total loss.
The hypothetical Contingent Interest Rate is at least 9.15% per annum, with minimum denominations of $1,000. If priced today, the estimated value would be about $951.70 per $1,000 note, and will not be less than $900.00 at pricing. The notes are not listed, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and include complex risk and tax characteristics.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing on September 7, 2028. The notes provide unleveraged upside to index gains, capped at a Maximum Upside Return of at least 24.85%.
If the Index finishes down but by no more than the 20.00% Buffer Amount, holders receive a positive return equal to 50.00% of the Index’s absolute decline, up to a maximum downside-based gain of 10.00% (payment of $1,100 per $1,000 note). If the Index falls more than 20%, principal is reduced 1-for-1 beyond the buffer, with up to an 80.00% loss of principal (minimum payout $200 per $1,000).
The notes pay no interest, do not provide dividends on S&P 500 constituents, and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., subject to their credit risk. Minimum denomination is $1,000. If priced today, the estimated value would be about $992.50 per $1,000 note, and at pricing it will not be less than $960.00. The S&P 500 closing level referenced in the historical discussion was 7,677.28 on August 25, 2026.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unlisted structured notes linked to the worst performer among the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on September 7, 2028 and denominated in minimums of $1,000.
At maturity, if the least performing index is up, holders receive principal plus 1.107x any positive return. If that index is flat or down by up to the 20.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline (up to 20%). If any index falls by more than 20%, principal is reduced 1% for each percentage point beyond 20%, for a maximum loss of 80.00% (payment as low as $200 per $1,000). The notes pay no interest or dividends, carry significant liquidity and issuer/guarantor credit risk, and the estimated value, if priced today, would be about $983.30 per $1,000 note, with a minimum estimated value at pricing of $900.00.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured “Digital Barrier” notes linked to the Russell 2000 Index and the S&P 500 Index, maturing on March 16, 2028, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest and do not provide index dividends. At maturity, if the Final Value of each Index is at least 80% of its Initial Value (the Barrier Amount), investors receive a fixed Contingent Digital Return of at least 17.00%, for a payment of $1,170 per $1,000 note, regardless of how much the indices have risen. If either Index finishes below its Barrier Amount, repayment is based on the Lesser Performing Index: investors lose 1% of principal for each 1% decline in that index from its Initial Value and can lose some or all principal.
The minimum denomination is $1,000. If priced on the date illustrated, the estimated value would be about $986.50 per $1,000 note and will not be less than $900.00, reflecting embedded structuring and hedging costs, including a potential $4.50 per $1,000 structuring fee. The notes will not be listed, secondary liquidity will depend on JPMS, and investors are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable buffered return enhanced notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on September 14, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on September 17, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $144 per $1,000. If not called and both final index values exceed their initial values, investors receive an uncapped payoff of 1.25 times the return of the lesser-performing index. A 20% Buffer Amount protects principal against moderate declines, but if either index falls by more than 20%, principal is reduced 1% for each 1% loss beyond the buffer, up to a maximum loss of 80% of principal.
The notes pay no interest or dividends, are not listed, and secondary liquidity depends on JPMS. They are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note; an example estimated value is about $981.90, and the final estimated value will not be less than $900. A structuring fee of $6.50 per $1,000 may be paid to dealers. The issuer expects to treat the notes as prepaid financial contracts for U.S. tax purposes.
JPMorgan Chase & Co. (JPM), through issuer JPMorgan Chase Financial Company LLC, is offering unsecured Structured Investments Digital Barrier 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 no interest or dividends. At maturity, investors receive a fixed return of at least 19.80% (payment of $1,198 per $1,000 note) if the final level of each index is at least 80% of its Initial Value (the Barrier Amount). If either index finishes below its Barrier Amount, principal is reduced 1% for each 1% decline of the lesser performing index from its Initial Value, down to a total loss.
The notes are expected to price around September 11, 2026 and settle around September 16, 2026, in minimum denominations of $1,000. The estimated value is about $964.10 per $1,000 note and will not be less than $900, reflecting selling commissions, a possible $4.50 structuring fee and hedging-related costs. The notes are not listed, are subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and may trade below the issue price in any secondary market.
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 unsecured, unsubordinated structured notes linked to the MerQube US Tech+ Vol Advantage Index, due September 3, 2031, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on any of 17 scheduled Review Dates from August 31, 2027 through August 28, 2031 if the Index closing level is at or above 100% of its Initial Value. On a call, investors receive $1,000 plus a fixed Call Premium (at least 25.5% of principal on the first Review Date, increasing by steps up to at least 127.5% by the final Review Date), and the notes terminate.
If the notes are never called, maturity repayment depends on the final Index level. If the Final Value is at or above a 50% barrier of the Initial Value, investors receive principal only; if below the barrier, payoff is $1,000 + ($1,000 × Index Return), exposing investors to losses greater than 50% and potentially a total loss. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund component, which structurally drags performance versus an identical index without these deductions.
The notes pay no interest or dividends, are not FDIC insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $939.40 per $1,000 principal amount and will not be less than $900 per $1,000 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMORGAN CHASE & CO (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering auto callable buffered return enhanced notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing September 14, 2029, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on September 17, 2027 if each index closes at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $107.50 per $1,000. If not called and both final index values exceed their initial values, investors receive 1.25 times the appreciation of the lesser performing index.
A 20% downside buffer applies at maturity; if the lesser performing index falls by more than 20%, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 80% loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are expected to have an estimated value between $900.00 and about $962.70 per $1,000 at pricing.
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 16, 2031, in minimum denominations of $1,000.
The notes provide an uncapped leveraged upside of at least 1.31x any positive return of the lesser-performing index at maturity and return principal if both indices finish at or above a 75% barrier of their initial levels. If either index ends below its barrier, principal is reduced 1% for each 1% decline of the lesser-performing index, down to a total loss. The notes pay no interest or dividends and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $951.20 per $1,000 note and will not be less than $900.00, reflecting embedded fees, hedging costs and an internal funding rate.