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, guaranteed by JPMorgan Chase & Co., is offering Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index. The notes are unsecured, unsubordinated obligations with a minimum denomination of $10,000 and integral multiples of $1,000.
The notes may be automatically called on August 13, 2027 if the Index closing level is at or above the Initial Index Level, paying $1,000 plus a call premium of at least 10.45% per note on the call settlement date. If not called, at maturity on August 3, 2028 investors receive: a leveraged upside return of at least 1.50x positive Index performance; or, for Index declines up to the 20.00% Contingent Buffer Amount, a positive return equal to the Absolute Index Return, capped at $1,200 per $1,000 note for negative Index Returns; or, for declines beyond 20.00%, a 1:1 loss of principal.
The notes pay no interest or dividends and carry full downside risk beyond the buffer, as well as the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value would be approximately $981.30 per $1,000 note if priced on the described date and will not be less than $970.00, reflecting selling commissions (up to $15 per $1,000) and hedging-related costs. The notes will not be listed, and any secondary market, if available, is expected to be limited and at prices below the issue price. JPMorgan has also committed fixed donations of $900,000 in aggregate to Blue Star Families, independent of this offering.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Return Enhanced Notes linked to an equally weighted basket of four large U.S. financial stocks: Bank of America, Capital One Financial, Morgan Stanley and Wells Fargo, each at a 25% weight.
The notes have a principal amount of $1,000 per note (minimum investment $10,000) and may be automatically called on August 13, 2027 if the basket is at or above its starting level of 100, in which case investors receive $1,000 plus a call premium of at least 19.25%. If not called and the basket ends above the starting level on July 31, 2028, maturity payment equals $1,000 plus the basket return multiplied by an Upside Leverage Factor of at least 1.25.
If the ending basket level is down by up to the 10.00% Buffer Amount, principal is repaid. Below this buffer, losses are magnified: investors lose 1.11111% of principal for every 1% decline beyond 10%, up to a total loss. The estimated economic value is about $978.90 per $1,000 note at pricing and will not be less than $960. The notes pay no interest or dividends, are unsecured, unlisted, and subject to the credit risk of both the issuer and guarantor, as well as complex tax and liquidity considerations.
JPMorgan Chase Financial Company LLC is offering unsecured Digital Buffered Notes linked to the S&P 500® Equal Weight Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking a fixed return of at least 8.35% at maturity if the index finishes at or above its initial level, or down to a 10.00% decline from that level.
If the index falls by more than 10.00%, principal is reduced on a leveraged basis, with a Downside Leverage Factor of 1.11111, so losses can reach the full principal. The maximum payment at maturity is $1,083.50 per $1,000 of principal, and upside is capped regardless of how strongly the index performs. The notes pay no interest or dividends, have a minimum denomination of $10,000, are expected to price on or about July 31, 2026, and mature on August 18, 2027. They will not be listed, and any secondary market would be limited and likely at prices below issue. An initial example estimated value is $985.70 per $1,000, and the final estimated value will not be less than $970.00 per $1,000, reflecting selling costs and JPMorgan’s internal funding and hedging assumptions. Repayment depends on the credit of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced 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 July 29, 2031, are issued in minimum denominations of $1,000, pay no interest and provide no dividend rights.
At maturity, if both indices finish within a 10.00% Buffer Amount of their Strike Values or higher, investors receive at least principal back; if both are above their Strike Values, gains on the lesser performing index are multiplied by an Upside Leverage Factor of 1.324, so a 10.00% rise in the lesser index would pay $1,132.40 per $1,000 note. If either index falls by more than 10.00%, principal is reduced 1% for each 1% decline beyond the buffer, up to a 90.00% loss. The indicative estimated value is $979.40 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and secondary market prices are expected to be below the original issue price.
JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes due August 15, 2029, linked to the lesser performance of the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, no interest or dividends, and expose investors to partial or total principal loss if the lesser performing index finishes below a 70.00% Barrier Amount at maturity.
The notes may be automatically called on Review Dates starting August 12, 2027 if both indices are at or above their Call Values, paying back principal plus a Call Premium Amount of at least 17.10% on the first Review Date or 34.20% on the second. If not called and both indices end above their Initial Values, investors receive an uncapped leveraged payoff of 1.50× the lesser index’s gain; if either ends below the Barrier Amount, losses match the lesser index’s decline. The issuer discloses an indicative estimated value of about $949.60 per $1,000 note, not less than $900.00 at pricing, reflecting embedded costs and internal funding assumptions, and highlights liquidity, credit, market and tax risks, including complex U.S. tax treatment and potential Section 871(m) considerations for non-U.S. holders.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 3, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF.
Investors receive a Contingent Interest Payment for each Review Date on which the closing value of each underlying is at least 70% of its Initial Value (the Interest Barrier). The Contingent Interest Rate will be at least 9.25% per annum, paid monthly if conditions are met, with unpaid coupons accruing if barriers are satisfied later.
The notes are automatically called on certain Review Dates if each underlying is at or above its Initial Value, returning $1,000 per note plus due interest, ending further payments. If not called, and on the final Review Date the least-performing underlying is at or above 60% of its Initial Value (Trigger Value), investors receive full principal plus any due interest; if it is below that Trigger Value, repayment is reduced by the underlying’s decline, and up to all principal can be lost. Minimum denomination is $1,000, and the indicative estimated value is about $957.20 per $1,000, reflecting embedded costs and hedging. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed or FDIC insured.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Auto Callable Contingent Interest Notes linked to the common stock of T‑Mobile US, Inc. (TMUS). Payments depend on TMUS stock performance and the credit of JPMorgan Financial and JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment of at least $25.00 per $1,000 on each Review Date only if TMUS is at or above the Interest Barrier of $104.4522, equal to 58.00% of the $180.09 Stock Strike Price. Missed coupons can be paid later if the barrier is met on a subsequent Review Date, but may be lost entirely if it is not.
The notes are auto‑callable from November 6, 2026 if TMUS is at or above the Stock Strike Price, in which case investors receive $1,000 plus the applicable coupon and any accrued unpaid coupons. If the notes are not called and the final average TMUS price is below the Trigger Level (same as the Interest Barrier), principal is reduced 1% for each 1% decline in TMUS from the strike, potentially down to zero.
JPMorgan Chase Financial Company LLC is issuing $17,933,000 of Auto Callable Contingent Interest Notes due July 25, 2033, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 18.25% per annum (1% per month) only for monthly Interest Review Dates when the Index closes at or above 70% of the Strike Value (the Interest Barrier). The notes are automatically called on quarterly Autocall Review Dates if the Index is at or above the Strike Value, with the earliest possible call on January 20, 2027, paying principal plus any due contingent interest.
If not called, and at maturity the Index is at or above the Trigger Value of 50% of Strike, investors receive principal plus any final contingent interest; if below the Trigger Value, repayment is $1,000 + ($1,000 × Index Return), exposing investors to significant principal loss, up to 100%. The underlying Index employs up to 500% leveraged exposure to E-mini S&P 500 futures, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction, which drags on performance. Notes are offered in $1,000 denominations at $1,000 per note, with selling commissions of $8.50 and issuer proceeds of $991.50 per note; the estimated value is $910.70, reflecting structuring and hedging costs. Payments are unsecured and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes are not listed or insured.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due August 4, 2032, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent monthly coupon only when the Index closes at or above 70% of its Initial Value (the Interest Barrier) on the relevant review date; missed coupons can be paid later if the barrier is met.
The notes are automatically called quarterly if the Index is at or above its Initial Value, starting February 1, 2027, returning principal plus applicable coupons, with no further payments. If not called and at maturity the Index is below the 50% Trigger Value, repayment is reduced 1% for every 1% Index decline, down to zero, so investors may lose most or all principal. The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction, which structurally drags on performance. The notes are unsecured obligations, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with a minimum denomination of $1,000 and an estimated value around $928.40 per $1,000 at launch.
JPMorgan Chase Financial Company LLC is issuing Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $34,099,100, at $10 per Note, with a minimum investment of $1,000.
The Notes pay a contingent coupon of 9.05% per annum (about $0.2263 per quarter per $10) only if, on a quarterly Observation Date, both indices close at or above their Coupon Barriers, set at 70% of initial values (2,071.957 for the Russell 2000 and 4,421.89 for the EURO STOXX 50). After an initial six‑month non‑call period, the Notes are automatically called if both indices are at or above their Initial Values, returning principal plus the due coupon.
If the Notes are not called and at maturity (July 26, 2029) both indices are at or above their Downside Thresholds (also 70% of Initial Value), investors receive full principal plus the contingent coupon. If either index finishes below its Downside Threshold, repayment is $10 × (1 + Lesser Performing Underlying Return), which can result in a significant or total loss of principal. The Notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed on any exchange, and have an estimated value of $9.623 per $10 at pricing. Separately, J.P. Morgan has made $400,000 in unconditional donations to Hope & Heroes Children’s Cancer Fund, which do not affect the terms of the Notes.
JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Corning Incorporated, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount, with a minimum investment of $1,000, and a term of approximately 2 years unless called earlier.
The Notes pay a contingent monthly coupon at a rate expected to be at least 37.25% per annum if Corning’s share price on an Observation Date is at or above the Coupon Barrier of $78.03 (50% of the Initial Value of $156.06). The Notes are automatically called if the share price on any Observation Date is at or above the Initial Value, returning principal plus that period’s coupon.
If not called, and the Final Value is at or above the Downside Threshold of $78.03, investors receive principal plus the final coupon. If the Final Value is below the Downside Threshold, repayment is reduced to $10 × (1 + Underlying Return), exposing investors to a proportional loss of principal, up to a total loss. The price to public is $10 per Note, including up to $0.15 in selling commissions to UBS; the estimated value is about $9.579 per $10 Note and will not be less than $9.20, reflecting embedded costs and issuer funding assumptions. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the Notes will not be listed on any exchange.
JPMorgan Chase Financial Company LLC is issuing $6,024,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Equity Notes due October 22, 2027, linked to the S&P 500® Index and fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.
At maturity, investors receive cash based on index performance from the July 22, 2026 trade date to the October 20, 2027 determination date. Upside exposure is 1.50x index gains, capped at a maximum settlement amount of $1,154.50 per $1,000 note, corresponding to a cap level of 110.30% of the initial level. Principal is protected only down to a buffer level of 90.00%; below this, losses are magnified by a buffer rate of about 1.1111, so declines beyond 10% can result in substantial or total loss of principal.
The initial underlier level is 7,498.96. The original issue price is 100.00% of principal, including a 0.92% selling commission; net proceeds to the issuer are 99.08%. The estimated value at pricing is $987.40 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured, unsubordinated obligations, not listed on any exchange, not redeemable prior to maturity, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex and uncertain U.S. tax treatment.
JPMorgan Chase Financial Company LLC is issuing Contingent Income Callable Securities due August 3, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each security has a $1,000 stated principal amount and issue price, linked to the worst performing of the Nasdaq-100 Index®, S&P 500® Index and Russell 2000® Index.
Investors may receive a contingent quarterly payment of at least $31.275 (at least 3.1275% of principal) only if, on every day in a quarterly monitoring period, all three indices stay at or above 75% of their initial index value, the downside threshold level. If any index is below its threshold on any day, no coupon is paid for that period.
The issuer may, at its discretion, redeem the notes early on specified quarterly dates for $1,000 plus any due contingent payment, after which no further payments are made. If held to maturity and each final index value is at or above its downside threshold, investors receive principal back plus the final contingent payment if the thresholds were maintained throughout the last period. If any index finishes below its threshold, repayment equals $1,000 multiplied by the index performance factor of the worst-performing index, resulting in a payout that will be less than 75% of principal and could be zero, so principal is fully at risk.
JPMorgan Chase Financial Company LLC is offering $14,703,000 of Medium‑Term Notes, Series A, Capped Buffered Enhanced Participation Basket‑Linked Notes due October 22, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. 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%). The notes pay no interest. At maturity, investors receive a cash amount based on the basket return with a 1.50x upside participation rate, subject to a maximum settlement amount of $1,245.25 per $1,000 in principal (cap level 116.35% of the basket). A 7.50% downside buffer applies: if the basket decline is within this buffer (final basket level at or above 92.50% of the initial level), principal is repaid; below that, losses are leveraged by a buffer rate of approximately 1.0811, and investors could lose all principal. The initial estimated value is $986.10 per $1,000 note. The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., will not be listed, and are subject to both issuers’ credit risk and complex U.S. tax treatment.
JPMorgan Chase Financial Company LLC is offering Digital Buffered Notes linked to the S&P 500® Index, fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and is scheduled to price on or about July 24, 2026, with maturity on August 10, 2027.
At maturity, if the S&P 500 ending level is at or above the strike, or down by up to the 15.00% Buffer Amount, investors receive a fixed Contingent Digital Return of at least 8.06%, for a total payment of at least $1,080.60 per $1,000 note. If the index falls more than 15% below the strike, principal is reduced by 1.17647% for each additional 1% decline, so investors may lose some or all principal.
The estimated value is about $989.60 per $1,000 note at pricing and will not be less than $970.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured obligations, are not bank deposits or FDIC insured, involve complex tax treatment, and are not designed as short-term trading instruments.
JPMorgan Chase Financial Company LLC is offering $14,449,800 of Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes have a term of approximately three years, from a July 22, 2026 trade date to a July 26, 2029 maturity, and are issued at $10 per Note in fee-based advisory accounts.
The Notes pay a contingent coupon of 11.05% per annum (about 2.763% quarterly), but only if on each quarterly Observation Date the closing level of both indices is at or above a Coupon Barrier set at 70% of the Initial Value (2,071.957 for the Russell 2000 and 4,421.89 for the EURO STOXX 50). After a six‑month non‑call period, the Notes are automatically called if both indices are at or above their Initial Values, returning principal plus the coupon for that date. If the Notes are not called and either index finishes below its Downside Threshold (also 70% of Initial Value), investors receive $10 × (1 + Lesser Performing Underlying Return), which can mean a significant or total loss of principal. Payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing is $9.806 per $10 Note.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the VanEck Semiconductor ETF, due February 3, 2028, in minimum denominations of $1,000. Payments depend on the ETF’s price relative to an Interest Barrier and Trigger Value, each set at 50.00% of the Initial Value.
Investors receive Contingent Interest Payments, at a rate of at least 11.90% per annum, only for Review Dates when the ETF closes at or above the Interest Barrier; missed coupons can be “caught up” on later qualifying dates. The notes may be automatically called as early as November 2, 2026 if the ETF closes at or above the Initial Value on specified Review Dates.
If not called and the Final Value is below the Trigger Value, repayment at maturity is reduced one-for-one with the ETF’s decline, exposing holders to a loss of more than half, up to all, of principal. The indicative estimated value is about $953 per $1,000 note, and will not be less than $900 per $1,000 at pricing, reflecting embedded costs and issuer funding assumptions. All payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $7,507,000 of Capped Dual Directional Buffered Equity Notes linked to the Russell 1000® Growth Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations with a minimum denomination of $1,000, priced at $1,000 per note, maturing on October 13, 2027.
At maturity, investors receive:
• If the Index rises, principal plus the index return, capped by a Maximum Upside Return of 21.00% (maximum payment $1,210 per $1,000 note when the Index Return is positive).
• If the Index is flat or down by up to the 10.00% Buffer Amount, principal plus the Absolute Index Return, creating limited upside in modest declines.
• If the Index falls by more than 10%, principal is reduced 1% for each percentage point beyond the buffer, up to a 90.00% loss of principal.
The Strike Value is the Index’s 4,886.509 closing level on July 21, 2026, with the final level observed on October 7, 2027. The price to public is $1,000, including $2.50 in selling commissions and proceeds to the issuer of $997.50 per note; the estimated value is $985.00 per $1,000 note. Investors forgo interest and dividends, face liquidity and pricing risks in any secondary market, and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. U.S. tax counsel expects treatment as prepaid financial contracts, but notes that future IRS guidance could adversely affect tax consequences.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on July 28, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide at least 2.41x any positive Index performance at maturity, with no upside cap. If the Final Value is at or above 70% of the Strike Value, principal is returned; if it falls below that barrier, principal is reduced 1% for each 1% Index decline from the Strike, up to total loss. The notes pay no interest, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and have minimum denominations of $1,000. The indicative estimated value is about $970 per $1,000 note and will not be less than $950 per $1,000.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the lesser performer of the Nasdaq-100 Index® and the S&P 500® Index, maturing on August 9, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes provide an uncapped leveraged upside: if both indices finish above their initial levels, investors receive principal plus at least 1.1425× the gain of the lesser-performing index. If either index is at or below its initial level but both are at or above 70% of initial (the Barrier Amount), investors receive principal plus the absolute value of the loss of the lesser-performing index, capped at a 30% gain (maximum payment $1,300 per $1,000 note in negative-return cases).
If either index ends below the 70% barrier, investors lose 1% of principal for each 1% decline of the lesser-performing index, up to a complete loss. The notes pay no interest or dividends, are not insured, and carry the credit risk of both the issuer and guarantor. The minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $981.50 per $1,000 note and will not be less than $900.00 per $1,000 note when set, reflecting embedded costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering structured notes linked to the S&P 500 Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, no periodic interest and matures on August 9, 2029, with an observation date on August 6, 2029.
At maturity, holders receive $1,000 plus a leveraged upside based on the Index Return, with a Participation Rate of at least 117%, if the Index has appreciated. If the Index is flat or down, repayment equals $1,000 plus $1,000 × Index Return, but not less than $900 per $1,000 (a 10% maximum loss), subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk. The issuer estimates the initial economic value at approximately $963 per $1,000 note, reflecting embedded selling, structuring and hedging costs, and notes that secondary market prices may be below the issue price and may be illiquid.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering Capped Buffered Return Enhanced Notes linked to the Russell 2000® Index, maturing August 10, 2028. Each note has a $1,000 minimum denomination and provides 1.50x index appreciation, capped at a Maximum Return of at least 35.00%.
The notes offer a 10.00% downside buffer: if the index is flat or down by up to 10% at maturity, principal is returned. If the index falls by more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90.00% loss. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to their credit risks.
If issued on the illustrated terms, the estimated value would be about $987.30 per $1,000 note, and will not be less than $950.00 per $1,000 at pricing, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The product entails small-cap equity exposure, limited liquidity, complex tax treatment and potential conflicts of interest from issuer hedging and pricing.
JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the Russell 2000 Index, S&P 500 Index and EURO STOXX 50 Index. The Notes are issued at $10 per Note, with a minimum purchase of $1,000, a term of approximately 3 years (trade date July 31, 2026; maturity August 3, 2029) and a Contingent Coupon Rate expected between 9.00% and 9.75% per annum, paid quarterly if each index closes at or above its Coupon Barrier.
The Notes are automatically called if, on any quarterly Observation Date, each index is at or above its Initial Value, in which case investors receive principal plus the applicable Contingent Coupon and no further payments. If not called, principal is repaid at maturity only if each index’s Final Value is at or above its Downside Threshold, set at 70% of its Initial Value. Otherwise, repayment is reduced according to the performance of the Least Performing Underlying, and investors can lose a significant portion or all of principal.
The Notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and are not bank deposits or FDIC insured. Selling commissions to UBS are $0.20 per $10, and the estimated value is approximately $9.595 per $10 Note, not less than $9.20.
JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the least performing of the S&P 500 Index, the Nasdaq-100 Index and the EURO STOXX 50 Index, due August 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on specified Review Dates starting August 4, 2027 if each index is at or above its Initial Value, paying $1,000 plus a Call Premium of 12.25%–66.25% of principal depending on the call date. If not called and any index finishes below its 70% Barrier Amount, repayment at maturity is $1,000 plus $1,000 times the return of the least performing index, exposing investors to losses greater than 30% and potentially all principal.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. The indicated price to public is $1,000 per note, with an estimated value of about $933.30 per $1,000 at pricing and not less than $910.00.
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 structured Capped Dual Directional Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing August 2, 2029. Each note has a $1,000 denomination and offers 2.00x leveraged upside on index appreciation, capped at a Maximum Upside Return of at least 91.00%, based on the least performing index.
If every index finishes at or above 70.00% of its Initial Value (the Barrier Amount), investors receive a positive, uncapped return equal to the absolute value of the least performing index’s decline, up to 30% (maximum negative-side payment $1,300 per $1,000). If any index ends below its Barrier Amount, principal is exposed 1:1 to the least performing index’s loss and investors can lose up to all principal. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial guaranteed by JPMorgan Chase & Co., and carry issuer/guarantor credit risk. An illustrative estimated value is $984.30 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $335,000 of unsecured Auto Callable Contingent Interest Notes linked to the lesser performance of Intel and Starbucks stock, maturing January 26, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon at 27.10% per annum (2.25833% per month) only if on a Review Date each stock closes at or above its Interest Barrier, set at 50% of its Strike Value (Intel $105.45 / $52.725; Starbucks $104.45 / $52.225). Missed coupons can be paid later if the condition is later met. From October 21, 2026, the notes auto-call if both stocks are at or above their Strike Values, returning $1,000 plus due and unpaid coupons.
If not called, and on the final Review Date either stock is below its Trigger (same level as the Interest Barrier), principal is reduced 1% for each 1% decline in the lesser-performing stock, exposing investors to loss of more than half, up to all, of principal. The price to public is $1,000 per note, with estimated value $938.50, highlighting embedded costs and credit and market risks.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering Auto Callable Accelerated Barrier Notes linked to the Dow Jones Industrial Average®, Nasdaq‑100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, with minimum denominations of $1,000 and multiples thereof.
The notes can be automatically called as early as August 3, 2027 if each index is at or above its Call Value (100% of its Initial Value), paying back $1,000 plus a Call Premium of at least 20.60% on the first Review Date or 41.20% on the second. If not called and all indices finish above their Initial Values, investors receive 2.00× the gain of the least performing index. If any index finishes below its Barrier Amount of 70% of its Initial Value, repayment is reduced one‑for‑one with the least performing index and investors can lose up to all principal. The issuer states an indicative estimated value of $980.50 per $1,000 note (not less than $900 at pricing), and highlights credit risk of both the issuer and guarantor, no interest or dividends, limited liquidity and potentially lower secondary‑market prices.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $702,000 of unsecured Review Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the VanEck Semiconductor ETF, maturing on July 25, 2031.
The notes may be automatically called as early as July 26, 2027 if all three underlyings are at or above 100% of their initial values, paying $1,000 plus a call premium that starts at 17.85% of principal and steps up to 89.25% on the final review date. If not called and each underlying finishes at or above its Barrier Amount of 60% of initial value, investors receive principal back at maturity.
If any underlying finishes below its barrier, repayment is reduced one-for-one with the decline in the least performing underlying, causing losses of more than 40% and up to a total loss of principal. The notes pay no interest or dividends, are subject to the credit risk of both issuer and guarantor, are not listed, and have an estimated value of $918.20 per $1,000, below the issue price due to embedded costs and hedging.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,450,000 of Auto Callable Contingent Interest Notes linked to the common stock of United Airlines Holdings, Inc. Each note has a $1,000 principal amount and pays a 15.00% per annum contingent interest rate (3.75% quarterly) when, on a Review Date, UAL’s share price is at or above the Interest Barrier of 49.25% of the Initial Value.
The notes may be automatically called on specified quarterly Review Dates starting January 22, 2027 if UAL’s share price is at least the Initial Value of $117.26, in which case investors receive $1,000 plus the applicable interest and no further payments. If not called and the Final Value is at or above the same 49.25% Trigger Value at maturity on July 27, 2028, investors receive principal plus the final interest payment. If the Final Value is below the Trigger Value, repayment is reduced 1% for every 1% decline from the Initial Value, which can result in losing more than 50.75% and up to all principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, will not be listed on an exchange, and have an estimated value of $955.20 per $1,000 at pricing, below the price to public due to fees and hedging costs.
JPMorgan Chase Financial Company LLC is offering $1,000,000 of Capped Dual Directional Buffered Return Enhanced Notes linked to the Class A common stock of CrowdStrike Holdings, Inc., due January 22, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note provides 3.00x exposure to any positive stock return, capped at a 24.75% Maximum Upside Return (maximum payment $1,247.50 per note). If CrowdStrike’s share price at observation is at or up to 15.00% below the strike, investors receive the absolute value of the stock move, capped by the 15% buffer (maximum $1,150.00 if the stock is down but within the buffer). Below the 15% buffer, principal is exposed one-for-one, with up to 85.00% loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may be difficult to sell. The price to public is $1,000 per note, with selling commissions of $5 and issuer proceeds of $995 per note; the estimated value at pricing was $989.10.
JPMorgan Chase Financial Company LLC is offering $560,000 of Auto Callable Contingent Interest Notes linked to the common stock of Sandisk Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of July 26, 2029 and minimum denominations of $1,000.
The notes pay a Contingent Interest Rate of 39.50% per annum (3.29167% per month), but interest is paid only on Review Dates when the Sandisk share price is at or above the Interest Barrier of 60.00% of the Initial Value, i.e. $959.562. Missed interest can be paid later if the barrier is met on a subsequent Review Date. The notes are automatically called, starting January 22, 2027, if on any applicable Review Date the share price is at least the Initial Value of $1,599.27, in which case investors receive $1,000 plus the current and any unpaid contingent interest.
If the notes are not called and the Final Value on the last Review Date is at least the Trigger Value of 50.00% of the Initial Value (i.e. $799.635), investors receive $1,000 plus any due contingent interest. If the Final Value is below the Trigger Value, principal is reduced one-for-one with the stock’s negative return, and investors can lose more than 50% and up to all of their principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $29.50 in selling commissions, while the issuer’s estimated value is $880.50 per $1,000 note.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the MerQube US Tech+ Vol Advantage Index, with an automatic call feature starting August 4, 2027 and a 15.00% downside buffer at maturity.
The notes pay no interest or dividends and can return less than principal; if the Index falls by more than the buffer, investors lose 1% of principal for each 1% additional decline, up to 85.00% loss. The Index includes a 6.0% per annum daily deduction and a daily notional financing cost, which drag on performance. Estimated value at issuance is about $911.70 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions. Any payments are subject to the credit risk of JPMorgan Financial and the JPMorgan Chase & Co. guarantee, and the notes will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering $3,306,000 of Auto Callable Contingent Interest Notes linked to the common stock of The Goldman Sachs Group, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 11.00% per annum (2.75% per quarter), only if on a Review Date the Goldman Sachs share price is at or above the Interest Barrier of 65.00% of the Initial Value. Missed interest can be paid later if a subsequent Review Date meets the barrier.
The notes may be automatically called on specified Review Dates starting January 22, 2027 if the share price is at or above the Initial Value of $1,098.20, returning principal plus due and unpaid contingent interest. If not called and the Final Value is at or above the Trigger Value of $713.83, investors receive principal plus final and unpaid contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), so investors can lose more than 35% and up to all principal. The price to public is $1,000 per note, including $18.50 in fees; the estimated value at pricing was $958.50, reflecting selling, structuring and hedging costs. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, unsubordinated, not listed and may be illiquid.
JPMorgan Chase Financial Company LLC is issuing $3,883,000 of Callable Contingent Interest Notes due July 25, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the Nasdaq-100 Index.
The notes pay a 7.85% per annum contingent coupon (3.925% semiannually), but only for Review Dates when the closing level of each index is at least 60% of its Initial Value. Principal is protected only if, at maturity and absent early redemption, each index is at or above its 60% Trigger Value; otherwise, repayment is reduced one-for-one with the decline of the least performing index, with the possibility of losing more than 40% and up to all principal.
The issuer may redeem the notes early, in whole but not in part, on specified Interest Payment Dates starting July 27, 2028 at $1,000 plus any due contingent interest. The price to investors is $1,000 per note, including fees and commissions, while the estimated value at pricing was $936.90 per $1,000, reflecting selling, structuring and hedging costs. Liquidity is limited, with no exchange listing and secondary prices expected to be below the issue price.
JPMorgan Chase & Co. (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering structured Capped Dual Directional Buffered Return Enhanced 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 have $1,000 minimum denominations, an Upside Leverage Factor of 1.076, a Maximum Upside Return of at least 40.00%, and a 20.00% Buffer Amount. If the worse index falls more than 20%, investors lose 1% of principal for each additional 1% decline, up to an 80.00% loss. If the worse index declines by up to 20%, investors receive a positive return equal to the absolute decline, capped at $1,200 per $1,000 note.
The notes pay no interest or dividends, are unsecured, not FDIC-insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $991.20 per $1,000 note, and will not be less than $900.00 at pricing, reflecting embedded fees, hedging costs and dealer compensation.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked individually to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, in $1,000 minimum denominations, maturing on August 12, 2031.
The notes pay a Contingent Interest Payment on monthly review dates only if each index is at or above 75.00% of its Initial Value, with a Contingent Interest Rate of at least 9.00% per annum, paid at 0.75% per month in the examples. The notes are automatically called on quarterly autocall dates (earliest August 9, 2027) if each index is at or above its Initial Value, in which case investors receive principal plus that period’s coupon.
If not called and any index finishes below its 70.00% Trigger Value at final valuation, repayment of principal is reduced one-for-one with the decline of the least performing index, potentially to zero. The issuer’s current example estimated value is $932.80 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing. Payments depend on the credit of JPMorgan Financial and the JPMorgan Chase & Co. guarantee, and the notes will not be listed, so liquidity may be limited.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering structured Capped Accelerated Barrier Notes linked to the Russell 2000 Index, with a total issuance of $657,000. Each $1,000 note provides 1.20x upside exposure to index gains up to a 76.20% maximum return at maturity on July 25, 2031.
If the index finishes at or above 60% of its initial level, investors receive at least their principal; below that barrier, losses match the full index decline, potentially to zero. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully guaranteed by JPMorgan Chase & Co., and carry issuer and guarantor credit risk. The initial price is $1,000 per note versus an estimated value of $940.50, reflecting selling commissions, hedging costs and structuring margins, and secondary market liquidity is not assured.
JPMORGAN CHASE & CO (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering $3,634,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing July 25, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called quarterly from July 27, 2027 onward if the Index is at or above its initial level, paying $1,000 plus a fixed call premium that starts at 19.60% and steps up to 98.00% by the final review date. At maturity, if not called and the Index has fallen by more than the 15.00% buffer, principal is reduced 1-for-1 beyond that buffer, with up to 85.00% loss of principal.
The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ-based exposure, causing it to trail a comparable index without such charges. The notes are sold at $1,000 per note with an estimated value of $903, highlighting embedded selling, structuring and hedging costs and emphasizing credit and liquidity risk to JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering Auto Callable Contingent Buffered Return Enhanced Notes linked to the S&P 500® Index. The notes have a term of about two years and may be automatically called after roughly one year if the Index closing level on the Review Date is at or above the Initial Index Level, in which case investors receive $1,000 plus a call premium of at least 11.45% per note.
If not called and held to maturity, investors receive an uncapped leveraged upside of at least 1.50x any positive Index return. A 20.00% Contingent Buffer Amount protects principal against moderate declines; beyond that, losses are 1% of principal for each 1% Index decline, up to a total loss. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to the credit risk of both entities. The minimum denomination is $10,000, and the estimated value is currently about $982 per $1,000 note, not less than $970 when finally set.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering uncapped accelerated barrier notes linked to the S&P 500® Futures Excess Return Index, maturing on July 25, 2031. The total offering is $1,302,000, at $1,000 per note, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 2.01x leveraged upside at maturity on any positive Index performance, with principal returned if the final Index value is at or above a 70% Barrier Amount. If the final value falls below the barrier, investors lose 1% of principal for each 1% Index decline from the Initial Value, up to a total loss. The notes pay no interest, are unsecured obligations subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk, and are not bank deposits or FDIC insured.
The original issue price exceeds the estimated value of $930.10 per $1,000 note due to selling commissions, structuring and hedging costs. The notes will not be listed, and secondary market prices are expected to be lower than the issue price and sensitive to market, rate and credit factors. Tax counsel views the notes as prepaid open transactions for U.S. tax purposes, but the IRS could challenge this treatment.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is issuing $5,978,000 of unsecured structured Review Notes due July 25, 2031, linked individually to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on any of 17 Review Dates starting July 26, 2027 if all three indices close at or above 100% of their Initial Values, paying $1,000 plus a fixed Call Premium Amount that increases from 9.5% on the first Review Date to 47.5% on the final Review Date.
If not called, principal is repaid at maturity only if the Final Value of each index is at or above its Barrier Amount (70% of its Initial Value). If any index finishes below its Barrier Amount, maturity payment is $1,000 plus $1,000 times the Least Performing Index Return, exposing holders to losses greater than 30% and up to 100% of principal. The notes pay no interest or dividends, are subject to the credit risk of both the issuer and guarantor, are not FDIC-insured, and have an estimated value of $946.60 per $1,000, below the issue price due to selling and hedging costs.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering structured notes titled $1,699,000 Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing July 27, 2028.
Each $1,000 note provides 1.26x any positive return of the least performing index at maturity. If any index finishes at or below its initial level but all three stay at or above 70% of their Initial Value (the Barrier Amount), investors receive the absolute value of the least performing index’s loss, capped at 30%, so up to $1,300 per note. If any index finishes below its Barrier Amount, principal is reduced one-for-one with the decline of the least performing index, potentially to zero.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry full issuer and guarantor credit risk. Price to public is $1,000 per note, with estimated value of $978.30 and selling commissions embedded in the issue price.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $439,000 of unsecured Callable Contingent Interest Notes linked to the Dow Jones Industrial Average®, Nasdaq-100® Technology Sector and Russell 2000® Index, maturing January 27, 2028, in $1,000 denominations.
The notes pay a 13.05% per annum Contingent Interest (1.0875% monthly) only if on a Review Date each index closes at or above 70% of its Initial Value, acting as both the Interest Barrier and Trigger Value. JPMorgan may redeem the notes early, in whole, on specified Interest Payment Dates starting October 27, 2026, paying $1,000 plus any due contingent interest. If held to maturity and not redeemed, investors receive $1,000 plus the final contingent coupon if each index is at or above its Trigger Value; otherwise the payoff is $1,000 × (1 + Least Performing Index Return), exposing investors to losses up to 100% of principal.
The price to public is $1,000 per note, including $7 in selling commissions, with net proceeds of $993 per note and an estimated value of $977.50. The notes are not insured, have no listing, and involve significant market, sector, small-cap, credit, liquidity and tax risks.
JPMorgan Chase Financial Company LLC is offering $350,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes priced on July 22, 2026, are expected to settle on or about July 27, 2026 and mature on July 25, 2031.
Holders may receive a 10.90% per annum Contingent Interest Payment for each Review Date on which the Index is at or above 50% of its Initial Value, and the notes are automatically called if, from the twelfth eligible Review Date onward, the Index closes at or above the Initial Value. Principal is protected only by a 15% buffer; if the Final Value falls more than 15% below the Initial Value and the notes were not called, investors lose 1% of principal for each additional 1% decline, up to 85% loss.
The underlying Index employs a 35% target volatility with leverage up to 500%, is subject to a 6.0% per annum daily deduction and a daily notional financing cost tied to SOFR, which together drag on performance and cause the Index to lag an equivalent index without these charges. The notes’ estimated value at pricing was $944 per $1,000 note, below the issue price, and payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The notes will not be listed, and liquidity will depend on dealer interest.
JPMorgan Chase Financial Company LLC is offering structured notes titled $285,000 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 are unsecured, unsubordinated obligations that pay no interest and are designed to provide an uncapped leveraged upside of 2.05x any positive Index performance at maturity, with a Buffer Amount of 19.00%.
If the Index is up at maturity, holders receive $1,000 plus 2.05 times the Index return; if the Index is flat or down by up to 19.00%, investors receive their $1,000 principal. If the Index declines by more than 19.00%, principal is reduced by 1% for each additional 1% decline, up to a maximum loss of 81.00%, so the minimum payment is $190 per $1,000 note. The price to the public is $1,000 per note, with selling commissions of $7.50 and proceeds to the issuer of $992.50 per note; the estimated value at pricing was $973.00 per $1,000. The notes priced on July 22, 2026, are expected to settle on or about July 27, 2026, and mature on July 25, 2031. Returns depend on the futures-based Index, are subject to credit risk of JPMorgan Financial and JPMorgan Chase & Co., and may be affected by futures market dynamics, negative roll returns, liquidity limits and an uncertain tax treatment.
JPMorgan Chase Financial Company LLC is offering $225,000 of Auto Callable Contingent Interest Notes linked to Dollar General common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 13.25% per annum Contingent Interest only for months when Dollar General’s share price is at least 60.00% of the Initial Value, and may be automatically called quarterly from January 22, 2027 if the share price is at or above the Initial Value.
If the notes are not called and Dollar General’s Final Value is below the Trigger Value (also 60.00% of the Initial Value), investors lose 1% of principal for each 1% decline from the Initial Value and can lose their entire investment. The minimum denomination is $1,000 and the notes mature on July 26, 2029. The public price is $1,000 per note, including $10 in selling commissions, while the estimated value at pricing was $960.50 per note, reflecting structuring and hedging costs. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering $722,000 of Auto Callable Contingent Interest Notes linked to the least-performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on January 27, 2028. The notes pay a contingent interest rate of 8.70% per annum (0.725% per month) only for Review Dates when each index closes at or above 70% of its Initial Value, and they may be automatically called starting January 22, 2027 if each index is at or above its Initial Value. If the notes are not called and any index finishes below 55% of its Initial Value at maturity, investors’ principal is reduced one-for-one with the decline of the least-performing index, potentially to zero. The price to public is $1,000 per note, including $7.50 in fees and an estimated value of $980.20, and the notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is offering $497,000 Auto Callable Contingent Interest Notes linked to the common stock of Broadcom Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 13.00% per annum when, on a Review Date, Broadcom’s share price is at or above 60.00% of the Initial Value, defined as the Interest Barrier; missed coupons can be paid later if the barrier is met on a future Review Date. The notes are automatically called, no earlier than January 22, 2027, if on an applicable Review Date the share price is at or above the Initial Value, returning $1,000 per note plus due contingent interest.
If the notes are not called and the Final Value is below the Trigger Value of 50.00% of the Initial Value, repayment of principal is reduced dollar-for-dollar with the stock’s decline, potentially to zero. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including selling commissions, while the estimated value is $942.10 per $1,000 at pricing.
JPMorgan Chase Financial Company LLC is issuing $935,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on July 27, 2032.
The notes pay a 16.50% per annum Contingent Interest (1.375% monthly) only for Review Dates when the Index is at least 80% of its Initial Value, with previously missed coupons paid once the barrier is met. From July 22, 2027, the notes auto-call if the Index is at least the Initial Value, returning $1,000 plus due interest.
If not called and the final Index level is below 60% of the Initial Value, principal is reduced 1:1 with the Index decline, potentially to zero. The underlying Index targets 35% volatility, can use up to 500% leverage, and includes a 6.0% per annum daily deduction plus a notional financing cost (SOFR + 0.50%), causing it to lag an equivalent fee-free strategy. The notes are unsecured obligations, will not be listed, and have an estimated value of $943.80 per $1,000 at pricing, below the issue price due to selling, structuring and hedging costs.