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 Uncapped Accelerated Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on September 16, 2030. Each note has a $1,000 principal amount and provides an uncapped leveraged upside at maturity of at least 1.42x any positive return of the lesser performing index.
If either index finishes below 75% of its initial level (the Barrier Amount), investors lose 1% of principal for each 1% decline of the lesser performing index, down to a total loss. If both indices finish at or above their initial levels, investors receive $1,000 plus 1.42 times the lesser performing index’s gain; if either index is below its initial level but both are at or above the barrier, principal is returned. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial Company LLC fully and unconditionally guaranteed by JPMorgan Chase & Co., and expose investors to the credit risk of both entities. The price to public is $1,000 per note; if priced today, the estimated value would be about $981.60 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing December 5, 2030. The notes pay a monthly Contingent Interest Payment only when the Index closes at or above 70% of its Initial Value (the Interest Barrier); missed coupons can be paid later if a barrier condition is met.
The notes may be automatically called on scheduled Review Dates starting around August 31, 2027 if the Index is at or above its Initial Value, returning principal plus the applicable coupon and any unpaid coupons, with no further payments. If held to maturity and not called, principal is protected only if the Final Index Value is at or above 60% of the Initial Value (the Trigger Value; otherwise, investors lose 1% of principal for each 1% Index decline from the Initial Value, up to total loss. The Index embeds a 6.0% per annum daily deduction and can employ leverage up to 500% or be significantly uninvested, creating meaningful path and volatility risk. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor, is offering 5-year non-call 1-year auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index.
The Index provides rules-based exposure to E‑Mini S&P 500 futures with leverage between 0% and 500% and is reduced by a 6.0% per annum daily deduction. The notes have a minimum denomination of $1,000. A contingent interest rate of at least 10.80% per annum, paid quarterly at at least 2.70%, is payable only when the Index on a review date is at or above the Interest Barrier, set at 60.00% of the Initial Value. The notes can be automatically called quarterly (after the first three review dates) if the Index is at or above the Initial Value, returning principal plus due and unpaid contingent interest.
If the notes are not called and the Final Value is at or above the Trigger Value (also 60.00% of the Initial Value), holders receive principal plus applicable contingent interest. If the Final Value is below the Trigger Value, repayment equals $1,000 plus $1,000 times the Index Return, so investors will lose more than 40.00% of principal and could lose it all. The estimated value at issuance will not be less than $880.00 per $1,000 note. All payments are subject to the credit risk of the issuer and guarantor, and the notes are exposed to index, leverage, liquidity, and structural risks described in the risk sections.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 18, 2031, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of at least 10.80% per annum (2.70% per quarter) only if, on a Review Date, the Index is at or above 60% of its Initial Value; missed coupons may be paid later if the barrier is subsequently met. The notes are automatically called (from September 14, 2027 onward) if the Index is at or above its Initial Value on certain Review Dates, returning principal plus due and unpaid contingent interest. If held to maturity and not called, principal is protected only down to the same 60% level: if the Final Value is below this Trigger Value, repayment is reduced one-for-one with the Index decline, and investors can lose most or all of their principal.
The Index embeds a 6.0% per annum daily deduction and uses a leveraged, volatility-targeting futures strategy on E-mini S&P 500 contracts, which can materially drag performance. The estimated value of each $1,000 note would be about $891.40 if priced on the indicated date and will not be less than $880.00, reflecting structuring and distribution costs and issuer funding assumptions.
JPMORGAN CHASE & CO (JPM), through its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering callable fixed rate notes due September 11, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 4.55% per annum, calculated on a 30/360 day count basis and paid in arrears on September 11, 2027 and at maturity, unless earlier redeemed.
The issuer may, at its option, redeem the notes in whole (but not in part) on the 11th calendar day of March, June, September and December of each year from March 11, 2027 through June 11, 2028 at par plus accrued and unpaid interest, subject to the specified business day and interest accrual conventions. The initial price to the public is expected to be $1,000 per $1,000 principal amount, with sales to eligible institutional and fee-based advisory accounts between $995.10 and $1,000. If priced as described, selling commissions would be approximately $2.00 per $1,000 note and will not exceed $7.50 per $1,000 note. The notes are unsecured debt obligations, not bank deposits, and are not insured by the FDIC or any other governmental agency.
JPMorgan Chase & Co. (JPM), via its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering fully guaranteed callable fixed rate notes due September 11, 2029 under its Series A medium-term note program. The notes pay 4.80% per annum, calculated on a 30/360 basis, with interest payable in arrears on September 11, 2027, September 11, 2028 and at maturity, unless earlier redeemed.
The issuer may, at its option, redeem the notes in whole (but not in part) on the 11th calendar day of March, June, September and December from March 11, 2027 through June 11, 2029, at par plus accrued interest. The price to the public per $1,000 principal amount generally is $1,000, but for eligible institutional and fee-based accounts it will be between $992.60 and $1,000.
J.P. Morgan Securities LLC acts as agent and will pay selling commissions it receives to other dealers; if priced on the indicated date, commissions would be about $3.00 per $1,000 note and will not exceed $10.00 per $1,000. The notes are unsecured obligations of the issuer, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not bank deposits and are not FDIC insured. Tax counsel expects the notes to be treated as fixed-rate debt issued without original issue discount for U.S. federal income tax purposes.
JPMORGAN CHASE & CO (JPM), through its wholly owned finance 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 of 5.00% per annum, with interest paid annually in arrears on September 11 of each year, beginning in 2027, on a 30/360 day-count basis.
The issuer may redeem the notes in whole (but not in part) on the 11th calendar day of March, June, September and December from March 11, 2027 through June 11, 2030, at par plus accrued interest. The price to the public will be between $990.10 and $1,000 per $1,000 principal amount, with selling commissions currently estimated at approximately $4.25 per $1,000, capped at $12.50 per $1,000. U.S. tax counsel expects the notes to be treated as fixed-rate debt instruments issued without original issue discount.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $64,636,000 of Dual Directional Buffered PLUS, unsecured structured notes linked to the MSCI Emerging Markets Index, maturing on August 29, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
Each Buffered PLUS has a $1,000 stated principal, no interest, a 150% leverage factor on index gains, a 15.00% downside buffer, and a maximum payment at maturity of $1,318.50. If the index finishes down but within the 15% buffer, investors earn a positive return equal to the index’s percentage decline, capped at 15%. Below the buffer, losses resume 1%‑for‑1% beyond 15%, with a minimum payment of $150 per note, so investors may lose up to 85% of principal. The notes will not be listed, and any payment depends on the credit of JPMorgan Chase Financial and JPMorgan Chase & Co. The estimated value on the pricing date is $968.50 per $1,000 note, below the issue price due to selling commissions, structuring fees and hedging costs.
JPMORGAN CHASE & CO (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering $540,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performer of Invesco QQQ, Series 1 and the S&P 500 Index, maturing on August 29, 2030, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.124x leveraged upside on any positive return of the lesser-performing underlying at maturity. If at least both underlyings stay at or above 65% of their initial values, investors receive the absolute value of any negative return of the lesser performer, capped at a 35% gain (maximum $1,350 per $1,000 note when that return is negative). If either underlying finishes below its 65% barrier, principal is exposed 1:1 to the lesser performer’s loss, with the potential for total loss of principal.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The issue price is $1,000 per note, including $10 in selling commissions; the issuer’s proceeds are $990 per note, and the estimated value at pricing was $976.80.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with expected maturity on September 2, 2032 and minimum denominations of $1,000.
Holders receive a monthly Contingent Interest Payment only when the Index closes at or above 70% of its Initial Value; otherwise no interest is paid. The notes auto-call quarterly if the Index is at or above the Initial Value, returning $1,000 plus that period’s interest and ending further payments. If not called, and on the final date the Index is below 50% of the Initial Value, principal is reduced 1% for each 1% decline, potentially to zero. The underlying Index uses leverage up to 500% and includes a 6.0% per annum daily deduction, which drags performance versus a similar index without such a fee. The estimated value is about $942.50 per $1,000 note (and will not be less than $920.00), reflecting embedded selling commissions, hedging costs and dealer profits. The notes are not listed, may have limited liquidity, carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have complex U.S. tax and withholding consequences, particularly for non-U.S. holders.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the least-performing of Broadcom, Caterpillar and Exxon Mobil common stocks, maturing on September 7, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment on each Review Date only if each stock’s price is at or above 60% of its Initial Value (the Interest Barrier). Automatic call can occur on specified Review Dates (earliest on March 1, 2027) if each stock is at or above its Initial Value, returning $1,000 per note plus interest. If not called, at maturity investors receive $1,000 plus any final interest if each stock is at or above 50% of its Initial Value (the Trigger Value; otherwise, repayment is reduced by the full negative return of the worst-performing stock, with potential loss of all principal. The hypothetical Contingent Interest Rate is at least 20.40% per annum (1.70% per month). Minimum denomination is $1,000 per note. A preliminary estimated value is $963.20 per $1,000 note, and the final estimated value will not be less than $900, both below the issue price due to selling, structuring and hedging costs. The notes are unsecured, subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, will not be listed, and may have limited or no secondary market liquidity.
JPMORGAN CHASE & CO (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering medium-term Capped Enhanced Participation Basket-Linked Notes due April 5, 2029, 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 basket of five equity indices: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%). Investors receive 2.00x the positive basket return at maturity, capped at a basket level between 124.11% and 128.29%, implying a maximum settlement amount expected between $1,482.20 and $1,565.80 per $1,000. If the final basket level is below the initial level (100), principal is reduced one-for-one and can fall to zero, so investors may lose their entire investment.
The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., will not be listed, and have no issuer redemption feature. The estimated value
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering $2,751,000 of Auto Callable Accelerated Barrier Notes linked to the iShares MSCI South Korea ETF (EWY), due August 28, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are issued in $1,000 denominations at a price to public of $1,000 per note, with selling fees and commissions of $28.45 per note and net proceeds to the issuer of $971.55 per note. They pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor.
The product offers an automatic call on August 30, 2027 if the fund’s price is at or above the Call Value (100% of the Initial Value), paying back principal plus a fixed $390 call premium per $1,000 note. If not called and held to maturity, investors receive 1.50 times any positive fund return, par if the fund stays at or above a 50% barrier, and 1:1 downside exposure below the barrier, potentially resulting in a significant or total loss of principal. The estimated value at pricing was $938.40 per $1,000 note, below the issue price due to selling, structuring and hedging costs.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor, is offering senior unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index. The index dynamically adjusts exposure to an unfunded position in the Invesco QQQ Trust, with exposure between 0% and 500%, and is reduced by a 6.0% per annum daily deduction plus a notional financing cost. The notes have a 3-year term with an initial 6‑month non-call period, then quarterly review dates, a 60.00% Barrier Amount and an automatic call feature that can redeem the notes early if the index is at or above 100% of its initial value. Minimum denomination is $1,000, and the estimated value at pricing will not be less than $900 per $1,000. If not called, principal is repaid at maturity only if the final index value is at or above the barrier; otherwise repayment is reduced one-for-one with the index loss, and up to the entire principal may be lost. Payments depend on the credit of both the issuer and the guarantor.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering principal-at-risk, callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). The index uses a rules-based allocation to E-Mini S&P 500 futures with a maximum 500% exposure and includes a 6.0% per annum daily deduction.
The notes have a minimum denomination of $1,000, a pricing date of September 14, 2026, quarterly review dates after an initial one-year non-call period, a final review date on September 15, 2031, and a maturity date of September 18, 2031. They feature an automatic call if the index is at or above specified call values, paying back principal plus a call premium that will be at least 17.85% per annum. A barrier of 60.00% of the initial index value applies; if the notes are not called and the final value is below this barrier, repayment at maturity is $1,000 plus $1,000 times the index return, so investors can lose more than 40% and up to all principal. The estimated value at pricing will not be less than $870 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering 5-year, callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes have a $1,000 minimum denomination, are non-callable for 12 months, then subject to daily automatic call reviews. If on a Review Date the index is at or above the applicable Call Value (generally 100% of the initial level, 60% on the final Review Date), investors receive $1,000 plus a Call Premium Amount with a rate of at least 15.20%. If not called and the final index level is below the 60% Barrier Amount, repayment at maturity is $1,000 plus $1,000 × Underlying Return, exposing investors to losses greater than 40% and up to full principal loss. The index embeds a 6.0% per annum daily deduction, and the notes’ estimated value at pricing will not be less than $870 per $1,000, with all payments subject to the credit risk of the issuer and JPMorgan Chase & Co. as guarantor.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, auto-callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity of September 19, 2029 and minimum denominations of $1,000.
The Index is an “excess return” index referencing the Invesco QQQ Fund with a target volatility of 35%, leverage up to 500%, a 6.0% per annum daily index deduction and a daily notional financing cost. Automatic call can occur quarterly from March 15, 2027 if the Index is at or above 100% of the Initial Value, paying back principal plus a call premium starting at at least 9.70% of principal and rising to at least 58.20% by the final review date.
If not called and the Final Value is at or above the 60.00% Barrier Amount, investors receive principal only; if below, repayment is $1,000 × (1 + Index Return), exposing investors to more than 40% and up to 100% loss of principal. The estimated value, if priced today, would be about $908.90 per $1,000 note and will not be less than $900.00, reflecting selling costs, hedging and structuring margins. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The notes pay no interest and provide no dividends from the QQQ Fund.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering 5-year, non-call 1-year auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). The index provides rules-based exposure to E-mini S&P 500 futures with up to 500% leverage and includes a 6.0% per annum daily deduction.
The notes have a minimum denomination of $1,000, quarterly review dates, and a contingent interest rate of at least 11.40% per annum (at least 2.85% per quarter) when the index is at or above a 60.00% Interest Barrier. If on any applicable review date the index is at or above its initial level (excluding the first, second, third and final review dates), the notes are automatically called and pay $1,000 plus the contingent interest for that quarter.
At maturity, if not previously called and the final index value is at or above the 50.00% Trigger Value, holders receive $1,000 plus the final contingent interest payment. If the final value is below the Trigger Value, repayment equals $1,000 plus $1,000 times the index return, so principal losses exceed 50% and can reach 100%. The estimated value will not be less than $870 per $1,000 principal amount and all payments are subject to the credit risk of both the issuer and the JPM guarantor.
JPMORGAN CHASE & CO (JPM), via issuer JPMorgan Chase Financial Company LLC and its guarantee, is offering 5‑year Uncapped Accelerated Barrier Notes linked to the MerQube US Large‑Cap Vol Advantage Index. The Index provides rules‑based exposure to E‑Mini S&P 500 futures with dynamic leverage between 0% and 500% and includes a 6.0% per annum daily deduction.
The notes have a minimum denomination of $1,000, a pricing date of September 28, 2026, observation date of September 29, 2031, and maturity on October 2, 2031. If the Index rises, investors receive principal plus the Index return multiplied by an Upside Leverage Factor of at least 3.00. If the final Index level is at or above 60% of the initial level, principal is returned. If it falls below 60%, repayment is reduced one‑for‑one with the Index return and investors can lose more than 40% and up to all principal.
The estimated value when set will be at least $860 per $1,000 note and may be lower than the issue price. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The product offers no interest, dividends, or voting rights, may be illiquid, and carries complex risks related to leverage, futures, index design, and tax treatment.
JPMORGAN CHASE & CO, as guarantor for JPMorgan Chase Financial Company LLC, is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a minimum denomination of $1,000 and are scheduled to price on September 14, 2026 and mature on September 18, 2031, with quarterly review dates.
The notes pay a contingent interest rate of at least 11.40% per annum, or at least 2.85% per quarter, only if on a review date the Index level is at or above 60% of its initial value. If on any applicable review date (except the first, second, third and final) the Index is at or above its initial value, the notes are automatically called and return $1,000 plus that period’s contingent interest.
If not called, and at maturity the Index is at or above 50% of its initial value, investors receive $1,000 plus any final contingent interest. If the final Index level is below 50% of the initial value, repayment is reduced dollar-for-dollar with the Index loss, and investors can lose more than 50% and up to all of principal. The Index itself embeds a 6.0% per annum daily deduction, and the QQQ-based underlying asset is subject to a daily notional financing cost. The estimated value at pricing will not be less than $880 per $1,000 note, and all payments are subject to the credit risk of the issuer and JPMorgan Chase & Co. as guarantor.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering 5-year, index-linked notes with an initial 12-month non-call period. The notes are linked to the MerQube US Tech+ Vol Advantage Index, which itself reflects a 6.0% per annum daily deduction and a daily notional financing cost on an unfunded position in the Invesco QQQ Trust.
The notes can be automatically called on any daily review date after year one if the index level is at or above the Call Value (100% of the Initial Value), paying back principal plus a call premium based on a Call Premium Rate of at least 17.60% per annum. If not called, and the final index value is at or above the Barrier Amount of 60.00% of the Initial Value, investors receive principal at maturity on September 18, 2031; if it is below the barrier, repayment is reduced one-for-one with the index loss, and investors can lose all principal.
The minimum denomination is $1,000, and the estimated value, when set, will be at least $880 per $1,000 note. Payments depend on the credit of JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor, and the notes pay no interest, dividends, or voting rights and may be illiquid.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering 5-year, index-linked review notes tied to the MerQube US Large-Cap Vol Advantage Index, with an initial one-year non-call period and a minimum denomination of $1,000.
The notes feature quarterly review dates after year one. If on any review date the index level is at least 100% of its initial value, the notes are automatically called and pay back principal plus a call premium of at least 20.900% at the first review date, increasing on later dates, up to at least 104.500% at the final review date.
If not called and the final index value is at least the Barrier Amount of 50% of the initial value, holders receive principal at maturity on September 18, 2031. If the final value is below the barrier, repayment equals $1,000 plus $1,000 times the index return, so investors can lose more than 50% and up to all principal. The underlying index embeds a 6.0% per annum daily deduction and can use leverage up to 500%. The estimated value at pricing will not be less than $870 per $1,000 note, and all payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering Uncapped Accelerated Barrier 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 principal amount and offers at least 3x leveraged upside on any index gains at maturity.
The notes have a Barrier Amount equal to 60% of the Initial Value. If the Final Value is at or above this barrier, investors receive at least their principal; if below, losses are 1% of principal for each 1% index decline, with the potential for total loss. The index embeds a 6.0% per annum daily deduction, which drags performance versus an undeducted index and affects both note terms and estimated value.
The notes are expected to price around September 28, 2026 and mature on October 2, 2031, with a single observation date on September 29, 2031. They pay no interest or dividends and are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The indicative estimated value is about $873.80 per $1,000 note, and will not be less than $860.00 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions.
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 and guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes tied to the worst-performing of the S&P 500 Index and the Dow Jones Industrial Average, maturing August 29, 2029. Each security has a $1,000 principal amount, with total offering size of $3,071,000. The notes may be automatically called on August 27, 2027 if the lowest-performing index is at or above its starting level, paying $1,100 per security (a 10% call premium).
If not called, at maturity investors receive: leveraged upside with a 150% upside participation rate if the worst index is above its starting level; full principal back if the worst index is between its starting level and a 25% downside threshold (75% of start); or full downside exposure if the worst index finishes below that threshold, with the potential to lose most or all principal. The estimated value is $959.80 per $1,000 security, reflecting embedded selling commissions and hedging costs, and secondary market values may be lower. The securities are unsecured obligations, not bank deposits and not FDIC insured, and carry complex tax and market risks.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Auto Callable Digital Accelerated Barrier Notes linked to the lesser-performing of the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ, Series 1 (QQQ), due August 30, 2029. Each note has a $1,000 denomination and may be automatically called as early as August 31, 2027 if both ETFs close at or above 100% of their Strike Values, paying back principal plus a Call Premium of at least 10.50% on the first Review Date or 21.00% on the second.
If not called and both Final Values are at or above their Strike Values, investors receive principal plus the greater of a Contingent Digital Return of at least 31.50% or 1.50x the return of the lesser-performing ETF. If either ETF finishes below its Strike but at or above 60% of Strike (the Barrier Amount), principal is returned. If either finishes below its Barrier, repayment equals $1,000 plus the full downside of the lesser performer, so losses can exceed 40% and reach 100%. The indicative estimated value is about $964 per $1,000 note (not less than $940 at pricing), reflecting selling commissions, hedging costs and issuer funding spreads. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and they are not exchange-listed.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering Capped Buffer GEARS linked to the Invesco QQQ Trust, Series 1, as unsecured, unsubordinated notes fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Security has a $10 principal amount, with a minimum investment of $1,000 and a term of approximately 14 months to October 29, 2027.
If the QQQ return over the term is positive, investors receive principal plus 1.25 times the Underlying Return, capped by a Maximum Gain between 13.55% and 16.55%. If QQQ is flat or down but no more than 10% below its initial level (Final Value at or above 90% of Initial Value), principal is repaid. If QQQ falls more than 10%, repayment is reduced 1% for each 1% decline beyond the 10% buffer, with losses up to 90% of principal.
The notes pay no interest, are subject to the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and are not FDIC insured. The price to public is $10.00 per Security, including selling commissions of $0.20 per $10; the issuer’s estimated value would be about $9.72 per $10 if priced on the example date and will not be less than $9.40 per $10 when finalized.
JPMORGAN CHASE & CO (JPM), as guarantor for JPMorgan Chase Financial Company LLC, is offering $2,552,000 of Uncapped Dual Directional Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on August 28, 2031.
The notes pay no interest and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co. At maturity, if each index finishes at or above its initial level, investors receive principal plus the greater of a 61.75% contingent digital return or the actual return of the least performing index. If any index is below its initial level but all are at or above 70% of their initial levels, investors receive principal plus the absolute decline of the worst index, capped at 30% (maximum $1,300 per $1,000 note in this scenario).
If any index closes below 70% of its initial level, repayment is reduced 1-for-1 with the decline of the least performing index, and investors can lose most or all principal. The notes are not listed, may have limited liquidity, and the estimated value at issuance is $949 per $1,000, below the public offering price due to selling commissions, hedging costs and issuer profits.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering Trigger Autocallable Contingent Yield Notes linked to the lesser-performing of the Russell 2000 Index and the State Street Energy Select Sector SPDR ETF, maturing on or about August 30, 2029 and issued at $10 per Note in minimum investments of $1,000. The Notes pay a contingent quarterly coupon only if the closing value of each underlying on an Observation Date is at or above its Coupon Barrier, with an expected annualized coupon rate between 9.00% and 9.65% (about $0.225–$0.2413 per quarter per $10).
The Notes are automatically callable quarterly beginning February 26, 2027 if both underlyings are at or above their Initial Values, in which case investors receive principal plus the applicable contingent coupon and no further payments. If not called, principal is fully repaid at maturity only if each underlying’s Final Value is at or above its Downside Threshold (65% of Initial Value). If either finishes below that level, repayment is reduced to $10 × (1 + lesser-performing underlying return), exposing investors to a proportional loss of principal up to 100%.
The Coupon Barrier for each underlying is set at 70% of its Initial Value. Price to public is $10, with a selling commission to UBS of $0.20 and proceeds to the issuer of $9.80 per Note. An indicative estimated value is $9.605 per $10 Note, and will not be less than $9.30 when finalized. Payments are unsecured and subject to the credit risk of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through 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, maturing on August 30, 2029, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide an uncapped leveraged upside: at maturity, if both underlyings finish at or above their strike values, the payment equals principal plus 1.45 times any positive return of the lesser performing underlying. A 30% downside buffer applies; if either underlying falls more than 30% from its strike, principal is reduced 1% for each 1% decline beyond that buffer, up to a maximum loss of 70% of principal (you could receive as little as $300 per $1,000 note).
The notes pay no interest or dividends and will not be listed on an exchange, so liquidity will depend on J.P. Morgan Securities LLC making a market. The estimated value, if priced today, is about $970 per $1,000 note and will not be less than $950 at pricing, reflecting embedded selling, structuring and hedging costs. Any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the tax treatment is complex, involving prepaid contract and potential constructive-ownership considerations.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), via its finance subsidiary JPMorgan Chase Financial Company LLC, is offering $2,110,000 of Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, due August 29, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are issued in $1,000 denominations, pay no periodic interest, and return principal at maturity if not called, subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk. They auto-call on scheduled Review Dates from August 26, 2027 if the Index closes at or above 101.25% of its Initial Value (316.60), paying $1,000 plus a Call Premium that steps from 10% on the first Review Date up to 70% on the final one. The price to public is $1,000 per note, including selling commissions of $42.75 and leaving issuer proceeds of $957.25 per note; the bank’s estimated value is lower, at $931.90, reflecting internal funding and hedging costs. The underlying Index is a proprietary, rules-based, excess-return multi-asset strategy with a 1.00% per annum daily deduction and dynamic rebalancing targeting about 4% volatility, and carries extensive structural, strategy, liquidity, and conflict-of-interest risks.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering auto callable buffered return enhanced notes linked to the S&P 500® Index. Each note has a $1,000 principal amount and minimum investment of $10,000, with no interest or dividends paid.
The notes may be automatically called on three review dates (February 25, 2027; August 25, 2027; and February 25, 2028) if the Index is at or above the Index Strike Level of 7,677.28. If called, investors receive $1,000 plus a call premium of at least 5.025%, 10.05% or 15.075%, depending on the call date. If not called and the Index is above the strike at maturity, investors get an uncapped leveraged upside of at least 1.25× the Index gain.
If the notes are not called and the Index is down but within the 20.00% Contingent Buffer Amount, principal is returned at maturity on August 30, 2028. If the Index falls by more than 20%, principal loss is 1% for each 1% additional decline, up to a total loss. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry issuer and guarantor credit risk. The estimated economic value is about $979.80 per $1,000 note today and will not be less than $960.00 per $1,000 when finalized.
JPMORGAN CHASE & CO (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering $1,428,000 of unsecured structured "Review Notes" linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing August 29, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on annual Review Dates starting August 27, 2027 if each index is at or above 100% of its Initial Value, paying $1,000 principal plus a Call Premium of 16.75%, 33.50% or 50.25% depending on the call year. If not called, principal is repaid at maturity only if each index’s Final Value is at or above 70% of its Initial Value; otherwise, repayment is reduced one-for-one with the decline of the worst index, with the potential for a total loss of principal.
The notes pay no interest or dividends, are not FDIC insured, and are subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, including fees, while the issuer’s estimated value is $973.50 per note, reflecting embedded costs and hedging economics. Secondary market liquidity is expected to be limited and prices may be materially below the issue price.
JPMorgan Chase & Co. (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering $1,220,000 of unsecured capped notes linked to the S&P 500® Futures Excess Return Index, maturing August 29, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 100% participation in positive Index performance, but gains are capped at a maximum return of 56.50%, or a maximum payment of $1,565 per $1,000 note. There are no periodic interest payments. At maturity, investors receive $1,000 plus the capped Additional Amount if the Index rises; if the Index is flat or down, the formula $1,000 + ($1,000 × Index Return) applies, with a minimum repayment of $950 per $1,000, implying up to 5% principal loss, subject to issuer and guarantor credit risk.
The price to public is $1,000 per note, including selling commissions of $7; the issuer’s estimated value at pricing was $985.40, reflecting embedded costs and hedging. The notes are not listed, may have limited liquidity, are treated as contingent payment debt instruments for U.S. tax purposes with OID accrual at a comparable yield of 4.21%, and fall under a Commodity Exchange Act hybrid-instrument exemption, so they are not regulated as futures.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $3,165,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing August 28, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 2.05× leveraged exposure to any positive Index Return at maturity, with a 20.00% downside buffer. If the Index falls by more than 20.00%, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 80.00% loss (minimum repayment $200 per $1,000 note). The notes pay no interest, are unsecured and unsubordinated, and are subject to the credit risks of both the issuer and guarantor. The price to public is $1,000 per note, while the estimated value at pricing is $973.60 per $1,000 principal amount, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $933,000 of Auto Callable Contingent Interest Notes linked to the lesser performing of the Nasdaq‑100® Technology Sector and the Russell 2000® Index, maturing May 30, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a 9.15% per annum contingent coupon (0.7625% monthly) only for Review Dates when each index is at or above 75% of its Initial Value (the Interest Barrier). Starting November 24, 2026, the notes are automatically called if on any applicable Review Date (other than the first, second and final) both indices are at or above their Initial Values, paying $1,000 plus the coupon. If not called, at maturity investors receive par plus the final coupon only if each index is at or above 70% of its Initial Value (the Trigger Value). If either index is below its Trigger Value, repayment is reduced one‑for‑one with the decline of the lesser performer, down to a total loss of principal.
The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., pay no dividends, and may be illiquid. The price to public is $1,000 per note, including $22.25 in selling commissions; the issuer’s estimated value is $963.30 per $1,000, reflecting embedded costs and internal funding assumptions.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $332,000 of unsecured Digital 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 mature on September 29, 2027 and target a fixed 6.90% Contingent Digital Return at maturity if the Final Value of each index is at least 60.00% of its Initial Value (the Barrier Amount). In that case, investors receive $1,069 per $1,000 note, regardless of how far the indices rise above the barrier.
If the Final Value of any index is below its Barrier Amount, principal is exposed 1-for-1 to the decline of the least performing index, with losses greater than 40% possible and up to a complete loss of principal. The notes pay no interest, do not provide dividends, are not listed, and any payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $973.50 per $1,000 note versus a $1,000 issue price.
JPMorgan Chase & Co. (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering $552,000 of Auto Callable Contingent Interest Notes linked to NVIDIA common stock, due August 29, 2029. The notes pay a contingent interest rate of 11.65% per annum, credited monthly (0.97083%) only when NVIDIA’s closing price on a Review Date is at or above 60% of the Initial Value (the Interest Barrier).
The notes may be automatically called on certain Review Dates starting February 24, 2027 if NVIDIA’s price is at or above the Initial Value, paying $1,000 principal plus the applicable contingent interest and then terminating. If not called, at maturity investors receive $1,000 plus the final contingent interest if the Final Value is at or above a Trigger Value set at 50% of the Initial Value; if the Final Value is below the Trigger Value, principal is reduced one-for-one with the stock loss, potentially to zero.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The price to public is $1,000 per note, including $9.50 in selling commissions; the estimated value is $972.70 per $1,000, reflecting embedded costs and JPMorgan’s internal funding and pricing assumptions.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Futures Excess Return Index, maturing on February 29, 2028, with a total offering size of $1,233,000 and denominations of $1,000.
The notes provide unleveraged exposure to index appreciation up to a Maximum Upside Return of 36.00%, and to the absolute value of index declines up to a 15.00% Buffer Amount. If the index falls more than 15%, investors lose 1% of principal for each additional 1% decline, for a maximum loss of 85.00% of principal at maturity. The notes pay no interest, are unsecured and unsubordinated obligations of JPMorgan Financial, and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to the credit risk of both entities.
The price to public is $1,000 per note, including selling commissions of $7.25 per $1,000 and net proceeds to the issuer of $992.75 per $1,000. The estimated value when priced was $985.30 per $1,000, reflecting selling, structuring and hedging costs. The notes are not listed on any exchange, and secondary market prices, if available, are expected to be below the original issue price.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Airbag In-Digital Notes linked to an unequally weighted basket of five equity indices (EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index, S&P/ASX 200).
The Notes mature on or about September 1, 2028, are issued at $10 per Note (minimum investment $1,000) and pay no interest or dividends. If the Final Basket Value is at least 90% of the Initial Basket Value, investors receive principal plus a Digital Return between 20.10% and 20.80%. If the Basket falls below the 90% Downside Threshold, repayment is reduced by 1.11111% of principal for every 1% decline beyond a 10% Threshold Percentage, potentially resulting in full loss of principal.
The Notes are guaranteed by JPMorgan Chase & Co., will not be listed on any exchange, and are intended for buy-and-hold investors comfortable with equity market and credit risk. The estimated value is about $9.911 per $10 Note if priced as of the example date, and will not be less than $9.60 per $10 at issuance.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is issuing $9,077,000 of unsecured Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing August 29, 2033 and guaranteed fully and unconditionally by JPMorgan Chase & Co.
The notes may be automatically called on August 30, 2027 if the Index is at or above a specified Call Value, paying $1,000 plus a fixed Call Premium Amount of $230 per note, after which no further payments occur. If not called and held to maturity, investors receive an uncapped 2.00× leveraged gain on any Index appreciation. If the Final Value is at or above a 70% Barrier Amount of the Initial Value, principal is returned; if below, principal is reduced 1% for each 1% Index decline, up to total loss.
The notes are issued in $1,000 denominations at 100% of principal, with selling commissions of $7.50 per $1,000 and issuer proceeds of $992.50 per $1,000. The estimated value at pricing was $974.10 per $1,000, reflecting embedded costs. The notes pay no interest, are not bank deposits, are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., may be illiquid, and carry significant risks tied to equity index futures, including volatility, negative roll returns and potential disparities versus the underlying equity index.
JPMORGAN CHASE & CO (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes fully and unconditionally guaranteed by JPMorgan Chase & Co. These Uncapped Accelerated Barrier Notes are linked to an unequally weighted basket: 65.00% S&P 500® Futures Excess Return Index, 25.00% MSCI EAFE® Index and 10.00% iShares® MSCI Emerging Markets ETF.
The notes have a $1,000 minimum denomination, are expected to price on or about August 26, 2026, and mature on August 29, 2031, with the Basket observed on August 26, 2031. If the Final Basket Value is above the Initial Basket Value, investors receive $1,000 plus the Basket Return multiplied by an Upside Leverage Factor of at least 1.9675, with no cap. If the Final Basket Value is at or above the 80.00% Barrier Amount, principal is returned. If it falls below the Barrier, repayment is $1,000 plus $1,000 × Basket Return, so losses move one-for-one with the Basket and can reach a total loss of principal.
The notes pay no interest or dividends and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., to equity, futures, currency and emerging-markets risks, and to limited liquidity because they will not be listed. The estimated value is expected to be below the $1,000 price (for example, approximately $980.20 per $1,000 if priced on the reference date, and in any case not less than $950.00), reflecting selling commissions, hedging costs and issuer funding assumptions.