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 is offering $2,217,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, due August 10, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Rate of 10.55% per annum (0.87917% per month) only for Review Dates when the Index is at or above 60% of the Initial Value, with unpaid coupons accruing if later barriers are met. The notes may be automatically called starting August 9, 2027 if on an applicable Review Date (excluding the first eleven and final) the Index is at or above its Initial Value, in which case investors receive principal plus the due contingent interest and any unpaid coupons.
If not called, principal is protected only if the Final Index Value is at or above the Trigger Value of 50% of Initial Value; otherwise, repayment is $1,000 + ($1,000 × Index Return), exposing investors to substantial loss up to total principal. The Index employs leverage (up to 500% exposure to E-mini S&P 500 futures) and is subject to a 6.0% per annum daily deduction, which drags performance versus an identical index without the fee. The price to public is $1,000 per note, including $9 in selling commissions; the issuer’s net proceeds are $991 per note, and the initial estimated value is $945.50, reflecting structuring and hedging costs. Payments are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Equity Notes linked to the EURO STOXX 50® Index. The notes have minimum denominations of $10,000 and are scheduled to mature on August 15, 2028, unless automatically called on the August 23, 2027 review date.
If the index is at or above the strike on the review date, the notes are automatically called for $1,000 plus at least 11.51% per note. If not called and the ending index level is at or above the strike, investors receive uncapped upside with a contingent minimum return of at least 23.02%. If the index falls up to 15% below the strike, principal is repaid; below that level, losses are magnified by a 1.17647x downside leverage factor, so some or all principal can be lost.
The notes pay no interest or dividends, are unsecured and unsubordinated, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $979.30 per $1,000 principal, reflecting embedded fees, hedging costs and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes due August 17, 2029, linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on August 20, 2027 if each index is at or above its Call Value, in which case investors receive the $1,000 principal plus a Call Premium Amount of at least $220.50 per note and no further payments.
If not called, at maturity investors receive an uncapped leveraged upside of 2.00× any positive return of the least performing index; par is returned if all final index levels are at or above 70.00% of their initial values. If any index finishes below its Barrier Amount, repayment is reduced one-for-one with the decline of the least performing index, down to a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are issued in $1,000 minimum denominations, and have an estimated value, if priced today, of approximately $979.30 per $1,000, with a stated minimum estimated value at pricing of $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is issuing $2,383,000 of Auto Callable Contingent Interest Notes linked separately to the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing on August 16, 2027.
The notes pay a quarterly Contingent Interest Payment at a rate of 8.65% per annum (2.1625% per quarter) only if, on a Review Date, the closing level of each index is at or above 60% of its Initial Value, which also serves as the Trigger Value. The notes are automatically called, with return of principal plus that quarter’s interest, if on any non-final Review Date each index is at or above its Initial Value.
If not called, and a Trigger Event has occurred (either index ever closes below 60% of its Initial Value during the Monitoring Period) and the Lesser Performing Index finishes below its Initial Value, principal is reduced 1% for each 1% decline in that index. Per note, the price to public is $1,000, selling commissions are $7.25, net proceeds are $992.75, and the initial estimated value is $984.60, reflecting embedded costs and hedging. The notes are unsecured, unsubordinated, not listed, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $3,316,000 of Auto Callable Contingent Interest Notes linked to the least performing of the S&P 500 Index, the Financial Select Sector SPDR ETF and the VanEck Semiconductor ETF, maturing on July 12, 2028.
The notes pay a 13.25% per annum Contingent Interest (1.10417% per month) only if on a Review Date the closing value of each underlying is at or above its Interest Barrier, set at 50.00% of its Initial Value; otherwise no interest is paid. Starting November 9, 2026, the notes are automatically called if all underlyings are at or above their Initial Values, returning $1,000 plus the applicable interest, with no further payments. If not called and any underlying finishes below its Trigger Value (also 50.00% of Initial Value), principal is reduced 1% for each 1% decline in the least performing underlying, up to a total loss.
The notes are unsecured, unsubordinated obligations subject to the credit risk of both issuers, are not insured deposits, and will not be listed. The price to public is $1,000 per note, including fees, while the issuer’s estimated value is $963.70, reflecting structuring, distribution and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $800,000 of structured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer potential early redemption at a premium if, on any Review Date from August 13, 2027 onward, the Index closes at or above 77.00% of its Initial Value.
The notes pay no interest or dividends and expose holders to loss of principal at maturity if the Final Index Value is below the 60.00% barrier, with losses matching the Index decline and up to a complete loss. The Index embeds a 6.0% per annum daily deduction and targets 35% volatility with leverage up to 500% in E-mini S&P 500 futures, which can significantly amplify both gains and losses. The estimated value at pricing was $927.10 per $1,000 note, below issue price, reflecting structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $250,000 of Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.3585x any positive return of the least performing index at maturity and return principal if each index stays at or above its 60% Barrier Amount of the Initial Value.
If any index finishes below its Barrier Amount, repayment is reduced 1% for each 1% decline of the least performing index from its Initial Value, down to a total loss of principal. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity depends on JPMS making a market. The price to public is $1,000 per note, including $7 in fees, versus an estimated value of $987.30 per note based on internal models and funding rates. The tax disclosure indicates treatment as an open prepaid financial contract is considered reasonable but not assured, with potential future IRS guidance that could adversely affect tax outcomes.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Uncapped Buffered Return Enhanced Notes linked to the lesser performance of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide an Upside Leverage Factor of at least 1.84 on any positive return of the lesser performing underlying at maturity, with a 20% downside buffer. If the lesser performing underlying ends more than 20% below its strike value, investors lose 1% of principal for each 1% decline beyond that buffer, up to a maximum loss of 80% of principal. The notes pay no interest or dividends, are not bank deposits, and expose holders to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $970.00 per $1,000 principal amount, and will not be less than $950.00 per $1,000 when set at pricing.
JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index, due August 16, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive no interest or dividends and face up to an 85.00% loss of principal at maturity if the least performing index falls more than the 15.00% Buffer Amount and the notes are not called.
The notes may be automatically called on August 16, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $231.50 per $1,000 note. If not called and all final index values exceed their initial values, the maturity payment is $1,000 plus 1.50 times the appreciation of the least performing index; if all final values are within the 15.00% buffer, principal is returned. The minimum denomination is $1,000, with an indicative estimated value of about $981.20 per $1,000 today and not less than $950.00 at pricing, and returns are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, due September 7, 2032, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Each $1,000 note provides uncapped, unleveraged upside based on the Least Performing Index, with a Contingent Digital Return of at least 70.30% if the final level of each Index is at or above its initial level. If any Index finishes below its initial level but all remain at or above 75.00% of initial (the Barrier Amount), investors receive principal only.
If the final level of any Index is below its Barrier Amount, principal is reduced 1% for each 1% decline of the Least Performing Index, down to a total loss. The notes pay no interest or dividends, are unsecured, not FDIC insured, and expose holders to credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is about $939.30 per $1,000 today and will not be less than $900.00 per $1,000 at pricing, and secondary market liquidity may be limited.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the EURO STOXX 50® Index. These unsecured notes provide equity-linked returns without interest or dividends and expose investors to the credit risk of both entities.
If the index is at or above its initial level on the review date of August 27, 2027, the notes are automatically called and pay $1,000 plus a call premium of at least 11.66% on September 1, 2027. If not called and the ending index level on August 14, 2028 is at or above the initial level, investors receive uncapped upside equal to the index return, subject to a contingent minimum return of at least 23.32% at maturity on August 17, 2028.
A 15.00% buffer protects principal against moderate declines, but below this buffer losses are magnified by a downside leverage factor of 1.17647, so investors can lose some or all principal. The estimated value, if priced on the described date, would be about $980.40 per $1,000 note, and will not be less than $970.00, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate.
JPMorgan Chase Financial Company LLC is offering $5,641,000 of Structured Investments Digital Barrier Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on September 10, 2027 and are issued in $1,000 denominations.
At maturity, if the Final Value of each Index is at least 70% of its Initial Value (the Barrier Amount), investors receive a fixed Contingent Digital Return of 10.05%, or $1,100.50 per $1,000 note. If the Final Value of either Index is below its Barrier Amount, repayment is reduced 1% for each 1% decline of the lesser performing Index from its Initial Value, potentially down to zero principal. The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The estimated value at pricing was $994.70 per $1,000 principal amount note.
JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due May 31, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest of 5.00% per annum, calculated on a 30/360 basis and paid in arrears on the last calendar day of February and August, beginning August 31, 2027, and on the maturity date.
The issuer may redeem the notes monthly, in whole but not in part, on the last calendar day of each month from February 28, 2027 through April 30, 2030 at par plus accrued interest, with at least five business days’ prior notice to DTC. The notes are issued at $1,000 principal amount per note, are unsecured obligations, are not bank deposits, and are not insured by the FDIC or any governmental agency. Special tax counsel expects they will be treated as fixed-rate debt instruments issued without original issue discount for U.S. federal income tax purposes.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Notes due August 15, 2031 linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index. The notes may be automatically called on August 25, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $128.50 per $1,000 note. If not called, at maturity investors receive $1,000 plus an Additional Amount equal to $1,000 × Least Performing Index Return × 100%, floored at zero, with principal repayment subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co. The notes pay no interest or dividends, are unsecured, not FDIC insured, and have a minimum denomination of $1,000. The example estimated value is $983.40 per $1,000 note and will not be less than $900.00, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $1,261,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes priced on August 7, 2026 and are expected to settle on or about August 12, 2026, with maturity on August 12, 2031.
At maturity, investors receive 2.182 times any positive Index return, with no cap. If the Index is flat or down by up to the 15.00% Buffer Amount, principal is returned. If the Index is down by more than 15.00%, investors lose 1% of principal for each 1% decline beyond the buffer, for a maximum loss of 85.00% (down to $150 per $1,000 note). The notes pay no interest, are issued in $1,000 minimum denominations, and will not be listed on any exchange.
The notes are unsecured, unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and are subject to their credit risks. The price to public is $1,000 per note, including $10 in selling commissions, while the issuer’s estimated value is $977.40 per $1,000 note, reflecting selling, structuring and hedging costs. Key risks include potential principal loss, complex exposure to E-mini® S&P 500® futures (including negative roll returns and futures market disruptions), limited liquidity, pricing based on internal funding and models, and uncertain U.S. tax treatment.
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., maturing on August 19, 2032, in minimum denominations of $1,000.
Investors may receive a Contingent Interest Payment on each monthly review date when the Index closes at or above 70% of the Initial Value. The notes are automatically called quarterly if the Index is at or above the Initial Value, beginning August 16, 2027
If the notes are not called and the Final Value is below the Trigger Value of 50% of the Initial Value, principal is reduced 1% for each 1% Index decline, potentially to zero. The Index includes a 6.0% per annum daily deduction and uses a leveraged, volatility-targeting futures strategy, adding complexity and risk. The indicative estimated value is approximately $922.30 per $1,000 note and will not be less than $900.00, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 17, 2028, linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
Monthly Contingent Interest Payments are made only if, on the relevant Review Date, the closing level of each Index is at least 70.00% of its Initial Value, which also serves as both the Interest Barrier and Trigger Value. The notes may be automatically called starting August 16, 2027 if on a Review Date (other than the first through eleventh and final) each Index is at or above its Initial Value, in which case investors receive $1,000 plus the contingent interest for that month and no further payments.
If the notes are not called and on the final Review Date any Index closes below its Trigger Value, the maturity payment is $1,000 + ($1,000 × Least Performing Index Return), so investors lose 1% of principal for each 1% decline in the Least Performing Index and can lose all principal. If each Index is at or above its Trigger Value on the final Review Date, investors receive $1,000 plus the final contingent interest. A hypothetical minimum Contingent Interest Rate of 10.55% per annum (0.87917% per month) is illustrated, and if priced today the estimated value would be approximately $981.70 per $1,000 note, with a floor of $900.00 per $1,000 when set. The notes are unsecured, not bank deposits, not insured by the FDIC, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as significant market, liquidity and tax risks.
JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 15, 2030 and are issued in minimum denominations of $1,000.
The notes may be automatically called on any of four Review Dates, starting August 17, 2027, if the closing level of each Index is at or above its Call Value. In that case, investors receive $1,000 plus a Call Premium, with minimum premiums of 9.10%, 18.20%, 27.30% or 36.40% of principal, depending on the call date, and no further payments. If the notes are not called and the Final Value of any Index is below its Barrier Amount of 70.00% of its Initial Value, the maturity payment is $1,000 plus $1,000 times the Least Performing Index Return, exposing investors to losses greater than 30% and potentially a full principal loss.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The estimated value, if priced today, is $944.10 per $1,000 note, and will not be less than $900.00 when set, reflecting embedded costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due May 18, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performer of the Nasdaq-100 Index® and the S&P 500® Index. Investors may receive monthly Contingent Interest Payments only if, on a Review Date, the closing level of each index is at or above 70% of its Initial Value (the Interest Barrier). The notes may be automatically called on any applicable Review Date on or after August 16, 2027 if each index is at or above its Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments.
If the notes are not called and, on the final Review Date, the Final Value of either index is below 70% of its Initial Value (the Trigger Value), principal is reduced 1% for each 1% decline of the lesser performing index, potentially resulting in a significant or total loss of principal. The hypothetical Contingent Interest Rate is at least 9.40% per annum$984 per $1,000 today (and not less than $900 per $1,000 when priced), below the issue price due to embedded costs.
JPMorgan Chase Financial Company LLC is offering Medium-Term Notes, Series A, Digital Equity Notes due August 8, 2035, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.
At maturity, if the S&P 500 final level is at least 90.00% of the initial level, investors receive a fixed threshold settlement amount, expected between $1,856.50 and $2,004.80 per $1,000 note, implying a capped return once the index reaches a cap level expected between 185.65% and 200.48% of the initial level. If the index finishes below 90.00% of the initial level, repayment is reduced 1:1 with the index decline and investors can lose up to 100% of principal.
The notes will be sold at 100.00% of principal with an underwriting commission up to 5.00%; the estimated value at pricing is expected between $925.00 and $935.00 per $1,000 note, reflecting selling, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market liquidity. The issuer highlights complex and uncertain U.S. tax treatment, including open-transaction treatment and potential future guidance on prepaid forward contracts and Section 871(m).
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due February 17, 2028, linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors receive a Contingent Interest Payment only for Review Dates when the closing level of each index is at or above 70% of its Initial Value, and the notes are automatically called (from November 12, 2026 onward) if on a Review Date each index is at or above its Initial Value. If the notes are not called and, on the final Review Date, any index closes below its Trigger Value of 70% of Initial Value, principal is reduced 1% for each 1% decline of the least performing index, potentially to zero. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an estimated value below the $1,000 price to public, may be illiquid, and do not provide dividends or full principal protection.
JPMorgan Financial is offering auto callable contingent interest notes due August 22, 2030, linked separately to the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors receive a Contingent Interest Payment on a Review Date only if each index closes at or above 70.00% of its Initial Value; missed coupons can be paid later if conditions are met. The notes are automatically called, no earlier than August 19, 2027, if on certain Review Dates each index is at or above its Initial Value, returning $1,000 plus due contingent interest.
If not called, and on the final Review Date any index is below its 60.00% Trigger Value, principal is reduced 1% for each 1% decline of the least performing index, exposing holders to substantial or total loss. A hypothetical example uses a 7.00% per annum contingent interest rate. The estimated economic value is about $939.30 per $1,000 note, and will not be less than $900.00, reflecting embedded fees and hedging costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 18, 2031 and are issued in $1,000 minimum denominations.
At maturity, if the Index is above its Initial Value, investors receive principal plus at least 2.335x any Index gain, with no cap. If the Final Value is at or above the Barrier Amount of 70.00% of the Initial Value, principal is returned. If the Final Value is below the Barrier Amount, repayment is reduced 1% for each 1% Index decline from the Initial Value, down to a possible total loss.
The notes pay no interest and are unsecured obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is approximately $973.50 per $1,000 principal amount, and the final estimated value will not be less than $900.00 per $1,000, reflecting selling commissions, hedging-related costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the Nasdaq-100 Futures Excess Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations with a scheduled maturity on August 19, 2031 and minimum denominations of $1,000.
At maturity, investors receive leveraged upside of at least 2.025x any Index appreciation, full return of principal if the Final Value is at or above 70% of the Initial Value, and one-for-one downside exposure below that barrier, which can result in the loss of most or all principal. The indicative estimated value is approximately $978.10 per $1,000 note, not less than $900.00, reflecting structuring and hedging costs. The notes pay no interest, are not listed, may have limited or no liquidity, and their value and payments depend on the performance of the Index and the credit of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $265,000 of Auto Callable Contingent Interest Notes linked to the common stock of ServiceNow, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a 2-year term, maturing on August 10, 2028, in $1,000 denominations.
Investors may receive a Contingent Interest Payment of $12.50 per $1,000 (15.00% per annum, 1.25% per month) on each monthly Interest Payment Date if, on the corresponding Review Date, the ServiceNow share price is at or above the Interest Barrier of 41.00% of the Initial Value, equal to $48.1135, with any unpaid interest amounts catching up on later qualifying dates. The notes are automatically called on certain Review Dates if the stock closes at or above the Initial Value of $117.35, returning principal plus applicable interest and ending further payments.
If the notes are not called and the Final Value is below the Trigger Value (also 41.00% of the Initial Value), the principal repayment is reduced one-for-one with the stock’s negative return, so investors can lose more than 59.00% and up to all principal. The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and subject to both entities’ credit risk. The price to public is $1,000 per note, including $18.50 in fees and commissions, versus an estimated value of $961.80 per note.
JPMorgan Chase Financial Company LLC is offering market-linked, auto-callable notes due August 29, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each security has $1,000 principal and is linked to the lowest performing of the S&P 500 Index and the Dow Jones Industrial Average.
The notes pay no interest and may be automatically called on August 27, 2027 if the lowest performing index is at or above its starting level, in which case investors receive principal plus a call premium of at least 10% (at least $1,100 per security). If not called, at maturity investors receive: leveraged upside at a 150% participation rate if the lowest index rises; full principal back if it is at or above 75% of its starting level; or a dollar‑for‑dollar loss below that threshold, with the possibility of losing all principal. The securities are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits or FDIC-insured, and are designed to be held to maturity.
JPMorgan Chase Financial Company LLC is offering structured Uncapped Accelerated Barrier Notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 26, 2031 and are issued in minimum denominations of $1,000.
At maturity, if both indices finish at or above their initial levels, investors receive $1,000 plus 1.3085× the appreciation of the lesser performing index. If either index is at or below its initial level but both remain at or above the Barrier Amount of 70% of initial, principal is returned. If either index ends below the barrier, repayment is reduced 1% for each 1% the lesser performing index has fallen from its initial level, down to a possible total loss of principal.
The notes pay no interest, provide no dividends or voting rights, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. If priced on the described terms today, the estimated value would be about $971.20 per $1,000, and will not be less than $940.00 per $1,000 when set, reflecting embedded selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $6,702,000 of Medium-Term Notes, Series A, structured as Autocallable Buffered Equity Notes due 2028 linked to the TOPIX Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and may be automatically called on August 16, 2027 if TOPIX closes at or above 100.00% of the initial level of 4,055.85, in which case investors receive $1,000 plus a 13.42% call premium per $1,000 note.
If not called, at maturity on August 9, 2028 holders receive $1,000 plus the greater of the TOPIX return or a 26.84% maturity premium, provided the index is at or above its initial level. A 10.00% downside buffer applies; below 90.00% of the initial level, losses are leveraged by a buffer rate of about 1.1111, and investors can lose their entire principal. The estimated value at pricing is $969.20 per $1,000, below the 100% issue price, and the notes will not be listed. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the U.S. tax treatment is complex and may change.
JPMorgan Chase Financial Company LLC is issuing $1,000,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Notes due February 8, 2028, linked to the SPDR® Gold Trust and fully and unconditionally guaranteed by JPMorgan Chase & Co.
Each note has a $1,000 principal amount, no interest, and an initial underlier level of $374.16. At maturity, investors receive upside exposure at a 1.50 participation rate, capped at a maximum settlement of $1,245.10 per $1,000 note (cap level 116.34% of the initial level). A 10% buffer applies: if the final underlier level is at or above 90% of the initial level, principal is repaid; below that, losses are leveraged by a buffer rate of approximately 1.1111, and investors can lose their entire investment.
The notes are offered at 100.00% of principal with an estimated value of $983.90 per $1,000, underwriting commission of 1.11%, and net proceeds of 98.89% of principal. They are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and have complex U.S. tax and regulatory considerations, including potential application of constructive ownership rules and Section 871(m).
JPMorgan Chase Financial Company LLC is issuing $5,490,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Equity Notes due December 8, 2027, linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and does not bear interest or list on any exchange.
The payoff at maturity depends on the S&P 500® performance from the August 6, 2026 trade date to the December 6, 2027 determination date. If the index is above its initial level of 7,709.96, investors receive 1.40x participation in the upside, capped at a maximum settlement amount of $1,190.40 per $1,000 note, corresponding to a cap level of 113.60% of the initial level. If the index is down by up to 10.00%, investors receive full principal back, supported by a 90.00% buffer level. Below that buffer, principal is lost on a leveraged basis at approximately 1.1111% for every 1% decline beyond 10%, and investors could lose their entire investment.
The original issue price is 100.00% of principal with 0.00% underwriting commission, so net proceeds to the issuer are also 100.00%. The estimated value at pricing is $996.60 per $1,000 note, reflecting internal funding and hedging costs and potentially differing from secondary market values. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes have complex and uncertain U.S. federal tax treatment, including potential future changes affecting prepaid forward-style instruments and Section 871(m) for non-U.S. holders.
JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes due September 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide uncapped, unleveraged exposure at maturity to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, with a Contingent Digital Return of at least 58.75% if each index finishes at or above its initial level.
If any index finishes below its initial level but each remains at or above its Barrier Amount of 75% of its initial level, investors receive only the principal. If any index closes below its Barrier Amount, repayment is reduced 1% for every 1% decline of the least performing index from its initial level, down to a total loss of principal. The notes pay no interest, provide no dividends and are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
The minimum denomination is $1,000. If priced on the date shown, the estimated value would be about $943.60 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling commissions, hedging costs and structuring fees. The notes will not be listed on any exchange, and secondary market prices, if available, are expected to be lower than the original issue price and influenced by many market and internal funding factors.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 18, 2027, linked separately to the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay a Contingent Interest Payment on each Review Date if the closing level of each index is at least 60.00% of its Initial Value
If the notes are not called, repayment of principal at maturity depends on index performance and whether a Trigger Event occurs during the Monitoring Period when either index closes below 60.00% of its Initial Value. If no Trigger Event occurs or each Final Value is at least its Initial Value, investors receive $1,000 plus the final contingent interest. If a Trigger Event occurs and the Final Value of either index is below its Initial Value, repayment is reduced by the Lesser Performing Index Return, resulting in partial or total loss of principal. The estimated value is approximately $986.40 per $1,000 note and will not be less than $900.00 per $1,000 when set. The notes pay no fixed interest or dividends and carry the unsecured credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC plans to issue Uncapped Digital Barrier Notes due September 7, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index.
Each note has a $1,000 minimum denomination. At maturity, if the final level of each Index is at or above its initial level, holders receive the greater of the Contingent Digital Return of at least 82.25% or the actual return of the least performing Index, with no upside cap. If any Index finishes below its initial level but at or above 75% of its initial level, principal is returned. If any Index closes below this 75% barrier, repayment is reduced one-for-one with the decline of the least performing Index, down to a potential total loss.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $934.60 per $1,000 note, and will not be less than $900.00 when finalized.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest and contingent leveraged notes linked to the MSCI Emerging Markets Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and a 4-year term, maturing on August 15, 2030.
During the first year only, investors may receive monthly Contingent Interest Payments at a rate of at least 15.00% per annum (at least 1.25% per month) if no Trigger Event has occurred; a Trigger Event happens if the Index ever closes below 90.00% of the Initial Value. If a Trigger Event occurs, all future interest stops. If no Trigger Event occurs through the final Review Date on August 11, 2027, the notes are automatically called for $1,000 plus the final contingent interest payment.
If the notes are not called, the maturity payment equals $1,000 + [$1,000 × (Index Return + 10.00% Buffer Amount) × 1.11111]. If the Final Value is below the 90.00% Trigger Value, investors lose principal, up to a full loss. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. An initial estimated value example is $986.30 per $1,000 note, with a minimum of $960.00 when priced.
JPMorgan Chase Financial Company LLC is offering uncapped digital barrier notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on September 6, 2030. The notes provide at maturity the better of a Contingent Digital Return of at least 53.50% or the Least Performing Index’s positive return if each Index finishes at or above its initial level.
If any Index ends below its initial level but at or above its Barrier Amount of 75% of that level, investors receive principal only; if any Index finishes below its Barrier Amount, principal is reduced 1% for every 1% decline of the Least Performing Index, down to a total loss. The notes pay no interest or dividends, are issued in $1,000 minimum denominations, and carry JPMorgan credit risk. An indicative estimated value is $970.20 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000.
JPMorgan Chase Financial Company LLC is offering $265,000 of Auto Callable Contingent Interest Notes linked to the common stock of Freeport-McMoRan Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 15.00% per annum contingent coupon (1.25% per month) of $12.50 per $1,000, but only for Review Dates when the Freeport-McMoRan share price is at or above the Interest Barrier of 53.25% of the Initial Value, or $36.30585.
The notes may be automatically called starting February 8, 2027 if the share price on certain Review Dates is at least the Initial Value of $68.18, returning $1,000 plus due and unpaid coupons. If not called, and the Final Value on August 7, 2028 is at or above the Trigger Value (also 53.25% of the Initial Value), investors receive principal plus the last and any unpaid contingent coupons. If the Final Value is below the Trigger Value, repayment is reduced one-for-one with the negative stock return, and investors can lose more than 46.75% and up to all of principal. The notes are unsecured, not listed, and their value and payment depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.; the estimated value at pricing was $964.60 per $1,000 note, below the $1,000 issue price due to fees, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering $2,200,000 of Medium-Term Notes, Series A, Autocallable Buffered Basket-Linked Notes due August 9, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.
The notes are linked to an unequally weighted equity index basket (EURO STOXX 50® 40%, TOPIX® 25%, FTSE® 100 17%, Swiss Market Index 11%, S&P/ASX 200 7%) with an initial basket level of 100. If on August 16, 2027 the basket closing level is at least 100, the notes are automatically called and pay $1,100 per $1,000 (10% call premium). If not called, at maturity investors receive: (i) at least $1,200 per $1,000 if the final basket level is at or above 100 (greater of basket return and a 20% maturity premium); (ii) full principal if the basket is down by up to 10%; or (iii) a leveraged loss of approximately 1.1111% for each 1% decline beyond 10%, down to zero. The estimated value at pricing was $970.60 per $1,000, original issue price includes a 2.00% underwriting commission and net proceeds of 98.00% of principal, and any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $1,313,000 of Auto Callable Accelerated Barrier Notes linked to the Class A common stock of Meta Platforms, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest or dividends.
The notes may be automatically called on August 12, 2027 if Meta’s share price is at or above the Call Value, paying $1,000 plus a $291 call premium per note. If not called and held to August 9, 2029, investors receive 1.25 times any positive stock return, full principal back if the final price is at or above 80% of the initial value, and a 1-for-1 loss below that barrier, up to full principal loss. The initial stock value is $589.90, with the Barrier Amount at $471.92. The estimated value of each note at pricing was $960.70, below the $1,000 issue price, reflecting selling commissions, a $6.50 structuring fee per note, and hedging and issuance costs.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $275,000 of Auto Callable Contingent Interest Notes linked to the common stock of United Rentals, Inc. The notes have a maturity date of August 10, 2028 and minimum denominations of $1,000.
Investors may receive a quarterly Contingent Interest Payment of $30.625 per $1,000 note (a 12.25% per annum Contingent Interest Rate) for each Review Date on which the United Rentals share price is at or above the Interest Barrier, set at 60.00% of the Initial Value. Missed interest can be paid later if the barrier is met on a subsequent Review Date.
The notes are automatically called, as early as February 8, 2027, if on any non-first, non-final Review Date the stock closes at or above the Initial Value of $1,162.66, returning $1,000 plus applicable interest and any unpaid coupons. If not called and the Final Value is below the Trigger Value of $697.596, principal is exposed one-for-one to the stock decline, and investors can lose more than 40% and up to all principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $968.80 per $1,000 note, below the issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due February 17, 2028, linked to the worst performer among the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may pay a monthly contingent coupon of at least 7.85% per annum (0.65417% per month) only when each index closes at or above 65% of its initial level, and may be redeemed early at the issuer’s option on specified dates starting November 19, 2026. If held to maturity and no index finishes below its 65% trigger level, investors receive principal plus the final coupon; otherwise, repayment is reduced one-for-one with the loss of the least performing index, potentially to zero. The current estimated value is about $967.40 per $1,000 note and will not be less than $900 when set, reflecting selling costs and hedging. The notes are unsecured, not insured, and expose holders to index performance, issuer and guarantor credit, illiquidity, complex tax treatment and potential loss of all principal with no assured income.
JPMorgan Chase Financial Company LLC is issuing $525,000 of Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on August 11, 2033, unless automatically called earlier.
The notes automatically call on specified Review Dates starting August 10, 2027 if the Index closing level is at or above 100% of its Initial Value. In that case, investors receive $1,000 plus a fixed Call Premium (from 8.15% on the first Review Date up to 48.90% on the sixth), and no further payments. If the notes are not called, at maturity investors receive full principal plus an Additional Amount equal to $1,000 × Index Return × 100%, floored at zero, providing uncapped, unleveraged upside but no downside participation in the Index.
The Initial Value of the Index was 314.48 on the pricing date. The notes pay no periodic interest, are unsecured and unsubordinated obligations subject to the credit risk of both the issuer and guarantor, and are treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount based on a comparable yield of 4.81%.
JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Return Enhanced Notes due August 24, 2029, linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 2.00x leveraged upside on any positive return of the least performing index, capped at a Maximum Upside Return of at least 40.00%. If the least performing index finishes below its initial level but down by no more than the 20.00% Buffer Amount, investors receive a positive return equal to the index’s absolute decline, up to +20.00%.
If any index falls more than 20.00%, principal is reduced 1% for each 1% drop beyond the 20.00% buffer, for a maximum loss of 80.00% of principal. The notes pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $960.00 per $1,000 principal amount, and will not be less than $930.00 per $1,000 when finalized, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is issuing $8,178,000 of Medium-Term Notes, Series A, Digital Equity Notes due October 18, 2028, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, was priced at 100.00% of principal, and has an estimated value at issuance of $995.30. The notes pay no interest and will not be listed on any securities exchange.
At maturity, if the S&P 500 final level is at least 85.00% of the initial level of 7,709.96, investors receive a fixed threshold settlement amount of $1,197.50 per $1,000 note, capping the upside at 119.75% of principal. If the index has fallen by more than 15.00%, principal is reduced on a leveraged basis at a buffer rate of about 1.1765, down to total loss if the index falls to zero. The notes are subject to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co., have no redemption right, and involve complex, uncertain U.S. tax treatment, including potential future changes affecting prepaid forward contracts and Section 871(m) for non-U.S. holders.
JPMorgan Chase Financial Company LLC is offering $2,445,000 of Callable Contingent Interest Notes due May 9, 2030, linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 9.25% per annum contingent coupon (0.77083% monthly) only if on a Review Date each index closes at or above its Interest Barrier of 60% of its Initial Value; otherwise no interest is paid for that period.
The issuer can redeem the notes early, in whole, on specified Interest Payment Dates starting February 11, 2027, typically paying $1,000 plus the contingent coupon. If not called, at maturity investors receive par plus the final coupon if every index is at or above its Trigger Value of 50% of Initial Value. If any index is below its Trigger Value, the payoff becomes $1,000 + ($1,000 × Least Performing Index Return), exposing investors to a loss of more than 50% and potentially all principal.
The price to public is $1,000 per note, including fees and commissions of about $9.7955 and proceeds to the issuer of $990.2045 per note. The estimated value is $970.70 per note, reflecting structuring, hedging and distribution costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, will not be listed, and may have limited or illiquid secondary market trading. The product concentrates risk in U.S. blue-chip, small-cap and technology-sector equities, with additional tax and withholding uncertainties for U.S. and non-U.S. holders.
JPMorgan Chase Financial Company LLC is offering $850,000 of Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, due February 10, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a 9.35% per annum Contingent Interest (2.3375% per quarter) only if on a Review Date each index is at or above 80% of its Initial Value, the Interest Barrier. The notes are automatically called, beginning February 8, 2027, if on a Review Date (other than the first and final) each index is at or above its Initial Value, returning principal plus current and any unpaid contingent interest.
If not called and any index finishes below its 80% Buffer Threshold at maturity, investors lose 1% of principal for every 1% decline beyond the 20% buffer, up to an 80% loss. The price to public is $1,000 per note, with estimated value $986, and payments are subject to the unsecured credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes due August 17, 2029, linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. These unsecured notes provide an upside leverage factor of 1.907 on any positive performance of the least performing index at maturity, with no cap on gains. Principal is protected only if the final level of each index remains at or above a barrier amount equal to 70% of its initial level; if any index finishes below its barrier, investors lose 1% of principal for each 1% decline of the least performing index, potentially up to a 100% loss. The notes pay no interest or dividends, have $1,000 minimum denominations, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value of $987.40 per $1,000 note is disclosed, with a minimum final estimated value of $960.00, reflecting embedded costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering $1,425,000 of callable contingent interest notes linked to the lesser performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 9.75% per annum Contingent Interest Rate (0.8125% monthly) only when, on a Review Date, each index is at or above its Interest Barrier of 70.00% of its Initial Value. If not, no interest is paid for that period. Starting February 11, 2027, the issuer may redeem the notes early on specified Interest Payment Dates at $1,000 plus any due contingent interest. At maturity on August 9, 2029, if not called and the Final Value of each index is at or above its Trigger Value of 65.00% of Initial Value, investors receive $1,000 plus any final contingent interest; otherwise, principal is reduced 1% for each 1% decline of the Lesser Performing Index from its Initial Value, potentially down to zero. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., with an estimated value of $954.70 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is offering Digital Barrier Notes due February 16, 2028, linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
At maturity, investors receive a fixed return of 11.15% (payment of $1,111.50 per $1,000 note) if the Final Value of each Index is at least its Barrier Amount of 60.00% of Initial Value. If any Index finishes below its Barrier Amount, repayment is fully exposed to downside in the least performing Index, with a 1% principal loss for every 1% decline from its Initial Value; losses can exceed 40% and reach 100%. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may trade below issue price. If priced on the indicated date, the estimated value would be about $975 per $1,000 note and will not be less than $900 at pricing.
JPMorgan Chase Financial Company LLC is offering $1,313,000 of Auto Callable Accelerated Barrier Notes linked to the Class A common stock of Meta Platforms, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on August 12, 2027 if Meta’s share price is at or above the Call Value, paying $1,000 principal plus a $291 call premium per note on August 17, 2027.
If not called, at maturity on August 9, 2029 investors receive leveraged upside of 1.25x any stock appreciation, return of principal if the Final Value is at or above the 80% barrier, and 1:1 downside exposure below the barrier, with potential loss of all principal. The notes pay no interest or dividends, 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 fees, while the estimated value is $960.70 per $1,000 note, and the notes will not be listed on any exchange.
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Auto Callable Contingent Interest Notes due August 14, 2031, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only when the Index is at or above 70% of its Initial Value (the Interest Barrier) on the relevant review date and may be automatically called quarterly if the Index is at or above its Initial Value, with the earliest call on August 11, 2027.
If not called, principal is protected only while the Final Index Value remains at or above 60% of the Initial Value (the Trigger Value); below this level, repayment falls one‑for‑one with the Index, potentially to zero. The Index embeds up to 500% leveraged exposure to E-mini S&P 500 futures and a 6.0% per annum daily deduction, which drags performance and can cause declines even when the futures strategy is flat or modestly positive. The minimum denomination is $1,000, and if priced on the example date, the estimated value would be about $923.30 per $1,000, reflecting selling costs and internal funding assumptions. Investors face structural, market, liquidity, credit and tax risks and forgo dividends from S&P 500 constituents.