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 $345,000 of unsecured Buffered Digital Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing on September 1, 2027. The notes pay no periodic interest but provide a fixed 7.35% Contingent Digital Return at maturity (total payment $1,073.50 per $1,000) if the final level of the worst index is at or above its initial level or down by up to a 20% Buffer Amount.
If any index falls by more than 20%, repayment of principal is reduced 1% for each 1% decline beyond the 20% buffer, with a maximum loss of 80% (minimum payment $200 per $1,000). The notes are obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. The price to public is $1,000 per note, including selling commissions of $7.25; net proceeds to the issuer are $992.75 per note. The estimated value at pricing was $989.90 per $1,000, lower than the issue price due to selling, structuring and hedging costs. The notes will not be listed, may have limited or no liquidity, and investors forgo dividends on the underlying indices.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,598,000 of Auto Callable Contingent Interest Notes linked individually to the Russell 2000 Index, the S&P 500 Index and the SPDR S&P Regional Banking ETF, maturing on July 27, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 10.35% per annum (0.8625% per month) only on Review Dates when the closing value of each underlying is at or above its Interest Barrier, set at 70% of its Initial Value. Beginning November 24, 2026, the notes are automatically called if on a Review Date (other than the first, second and final) each underlying is at or above its Initial Value, paying $1,000 plus the applicable contingent interest, with no further payments.
If not called, at maturity investors receive $1,000 plus any final contingent interest if each underlying’s Final Value is at or above its Trigger Value (60% of Initial). If any Final Value is below its Trigger Value, the payoff is $1,000 plus $1,000 times the return of the Least Performing Underlying, causing a loss of principal that can reach 100%. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, with selling commissions of $7.25 per $1,000, and the estimated value at pricing was $981.30 per $1,000.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $680,000 of unsecured, unsubordinated callable contingent interest notes linked individually to the Russell 2000®, S&P 500® and EURO STOXX 50® indices, due February 29, 2028, in minimum denominations of $1,000.
The notes pay a contingent interest rate of 8.90% per annum (0.74167% monthly) only on Review Dates when the closing level of each index is at least 70% of its Initial Value (the Interest Barrier). JPMorgan may redeem the notes early, in whole, on specified Interest Payment Dates starting November 30, 2026, paying $1,000 plus any due contingent interest.
If not redeemed and on the final Review Date any index is below its 70% Trigger Value, repayment of principal is reduced by the decline of the worst-performing index, down to zero, so investors can lose all principal. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but are subject to its and the issuer’s credit risk. The price to public is $1,000 per note, with an estimated value of $968.80, and the notes will not be listed, so liquidity may be limited.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $1,093,000 of Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Nasdaq‑100 Index and the S&P 500 Index, maturing September 29, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes offer unleveraged exposure to index moves: investors can earn up to a 31.85% Maximum Upside Return if the lesser performing index rises, or a positive return equal to the absolute value of index declines up to a 10% Buffer Amount. If either index falls more than 10%, principal is reduced 1:1 with the decline beyond 10%, with up to 90% loss of principal possible at maturity.
The notes pay no interest, provide no dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including fees and hedging costs; the issuer’s estimated value is $988.40 per $1,000, reflecting embedded costs and internal funding assumptions. The notes are not listed, and secondary market liquidity and pricing may be limited.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $480,000 of unsecured Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on February 29, 2028. The notes pay a fixed Contingent Digital Return of 12.00% at maturity if the Final Value of each Index is at least 60.00% of its Initial Value (the Barrier Amount). If any Index finishes below its Barrier Amount, investors lose 1% of principal for each 1% decline of the Least Performing Index from its Initial Value, up to a total loss of principal.
The notes are issued in minimum denominations of $1,000. The price to public is $1,000 per note, including $22.25 in selling commissions, for issuer proceeds of $977.75 per note and total proceeds of $469,320. The estimated value at pricing was $973.40 per $1,000 note. The notes pay no interest or dividends, will not be listed on any exchange, and are subject to the credit risk of JPMorgan Chase Financial Company LLC and the full and unconditional guarantee of JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is issuing $1,183,000 of auto callable contingent interest notes linked to the Dow Jones Industrial Average®, Nasdaq‑100 Index® and Russell 2000® Index, maturing August 28, 2031. The notes pay a Contingent Interest Rate of 8.10% per annum (0.675% monthly) only for months when the closing level of each index is at or above 75% of its Initial Value (the Interest Barrier).
On quarterly Autocall Review Dates starting August 24, 2027, if each index is at or above its Initial Value, the notes are automatically called and pay $1,000 plus that period’s contingent interest, with no further payments. If not called, at maturity investors receive $1,000 plus any final contingent interest if each index is at or above 70% of its Initial Value (the Trigger Value); otherwise, repayment of principal is reduced 1% for each 1% decline of the worst‑performing index from its Initial Value, down to a potential total loss of principal.
The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to their credit risk. The price to public is $1,000 per note, including selling commissions of $40.75, with issuer proceeds of $959.25 per note. The estimated value at pricing was $932.30 per $1,000 note, lower than the issue price due to selling, structuring and hedging costs. The notes are not bank deposits, pay no fixed interest or dividends, are not exchange‑listed, and may have limited or no secondary market liquidity.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering $564,000 of Auto Callable 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 may be automatically called on August 30, 2027 if both indices are at or above their Call Values, paying $1,146 per $1,000 note (a 14.6% premium), with no further payments. If not called and both indices finish above their initial levels at maturity on August 29, 2029, investors receive 1.50× the appreciation of the lesser performing index, uncapped. A 10% Buffer Amount protects principal against modest declines, but if either index falls by more than 10%, repayment is reduced 1% for each additional 1% drop in the lesser performer, up to a 90% principal loss.
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 on any exchange. The price to public is $1,000 per note, including $8 in fees, while the estimated value is $982.50, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering $2,231,000 of unsecured auto-callable Review Notes linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 Index, maturing on August 29, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on quarterly Review Dates starting February 24, 2027 if each index is at or above its Call Value, 95.00% of its Initial Value, paying $1,000 plus a Call Premium that rises from 3.550% to 21.300% of principal. If not called and each Final Value is at or above its Barrier Amount (70.00% of Initial Value), investors receive principal at maturity.
If the notes are not called and either index closes below its Barrier Amount on the final Review Date, repayment is reduced by the full negative return of the lesser performing index, leading to losses greater than 30% and up to 100% of principal. The price to public is $1,000 per note, including $29.50 in selling commissions; the issuer’s proceeds are $970.50 and the estimated value is $958.50 per $1,000 note. The notes pay no interest or dividends, are not insured, and carry the credit risk of both the issuing subsidiary and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering $2,284,000 of Capped Dual Directional Buffered Return Enhanced Notes linked to the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing November 30, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes have a price to public of $1,000 per note, selling commissions of $7.25 per note and net proceeds to the issuer of $992.75 per note, or $2,267,441 total. The estimated value at pricing was $988.90 per $1,000 note, reflecting embedded costs for selling, structuring and hedging.
At maturity, investors receive 1.25× any positive return of the least performing index, capped at a Maximum Upside Return of 23.10%, and an unleveraged positive return for index declines up to a 15.00% Buffer Amount. If the least performing index falls by more than 15%, investors lose principal on a 1:1 basis beyond the buffer and can lose up to 85.00% of principal, with a minimum payment of $150 per $1,000 note. The notes pay no interest, pay no dividends, are unsecured, not listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $300,000 of unsecured Buffered Digital Notes due September 29, 2027, linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. The notes are issued in $1,000 denominations, priced on August 24, 2026 and expected to settle on or about August 27, 2026, and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no coupons but offer a fixed Contingent Digital Return of 7.45% at maturity if the final level of the least performing index is at or above its initial level, or down to 30% below. Below this 30% Buffer Amount, principal is exposed one-for-one to further declines, with a maximum loss of 70% of principal. Payments depend on the worst-performing index, not on an average or basket.
The price to public is $1,000 per note, including selling commissions of $6.50 per note, for net proceeds of $993.50 per note to the issuer. The estimated value, calculated using JPMorgan’s internal models and funding rate, is $990.40 per $1,000 note. The notes are not bank deposits, are not insured by the FDIC, will not be listed on any exchange and are subject to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 6, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay no interest or dividends and can be automatically called on any of nine Review Dates starting September 1, 2027 if the Index is at or above 100% of its Initial Value. If called, investors receive $1,000 plus a Call Premium of at least 27.00% on the first Review Date, rising in steps to at least 81.00% on the final Review Date. If not called and the Final Index Value is at or above the 75.00% Barrier Amount, investors receive principal back at maturity; if below the barrier, repayment is $1,000 plus $1,000 × Index Return, exposing holders to losses greater than 25% and up to a total loss of principal.
The underlying Index dynamically allocates 0%–500% exposure to E‑mini S&P 500 futures targeting 35% implied volatility and is subject to a 6.0% per annum daily deduction, which creates a persistent drag versus an identical index without this charge. Minimum denomination is $1,000. If priced today, the estimated value would be about $920 per $1,000 note, and will not be less than $900 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase & Co. (JPM), via its subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, guaranteed fully and unconditionally by JPMorgan Chase & Co. The notes are expected to price on or about September 14, 2026 and mature on September 18, 2031, in minimum denominations of $1,000.
The notes pay a contingent quarterly coupon of at least 11.40% per annum only if, on a Review Date, the Index is at or above 60% of its Initial Value (the Interest Barrier). Starting with the fourth Review Date (earliest September 14, 2027), the notes are automatically called if the Index is at or above its Initial Value, returning $1,000 plus that period’s coupon.
If not called, principal is protected only if the Final Index Value is at or above 50% of the Initial Value (the Trigger Value); otherwise repayment is reduced one-for-one with the Index decline, down to zero. The Index itself is complex: it applies 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 structurally drags performance. The indicative estimated value is about $887 per $1,000 note and will not be less than $870, reflecting embedded costs and issuer funding assumptions. Investors face both market risk on the Index and credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (through JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co.) is offering uncapped buffered return enhanced notes linked to the lesser performer of the Russell 2000® Index and the S&P MidCap 400® Index, maturing on February 28, 2030, in minimum denominations of $1,000.
At maturity, if both indices are at or above their strike levels, or down by no more than the 20.00% Buffer Amount, investors receive full principal, with upside equal to at least 1.13× the appreciation of the lesser performing index. If either index falls by more than 20.00%, investors lose 1% of principal for every 1% decline beyond the buffer, down to a maximum loss of 80.00% 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., and will not be listed on any exchange. If priced today, the estimated value would be about $980.00 per $1,000 note and will not be less than $950.00 when set, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Structured Investments Buffered Digital Notes linked to the S&P 500 Index, due October 1, 2027, in $1,000 minimum denominations. Payment depends on index performance and the credit of both the issuer and guarantor.
If at maturity the S&P 500 Final Value is at or above the Initial Value, or down by up to the 15.00% Buffer Amount, each note pays $1,000 plus a fixed Contingent Digital Return of at least 6.70% ($1,067 per $1,000). If the Index is down by more than 15.00%, principal is reduced 1% for each additional 1% decline, up to an 85.00% loss (minimum payment $150 per $1,000). The notes pay no interest, do not pass through dividends, will not be listed, and secondary prices are expected to be below the $1,000 issue price. If priced on the reference date described, the estimated value would be about $982.90 per $1,000, and at pricing it will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. Tax counsel views the notes as prepaid financial contracts treated as “open transactions,” though the IRS could challenge this.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity of September 18, 2031, a minimum denomination of $1,000, and pay no interest or dividends.
The notes may be automatically called quarterly starting on September 16, 2027 if the Index is at or above the applicable Call Value. In that case, investors receive $1,000 plus a Call Premium that starts at at least 17.85% of principal and steps up to at least 89.25% by the final Review Date, after which no further payments are due. If not called and the Final Index Value is below the 60% Barrier Amount, repayment at maturity is $1,000 plus $1,000 times the Index Return, so investors lose 1% of principal for every 1% Index decline; loss can exceed 40% and reach 100%.
The Index is a leveraged, volatility-targeting strategy on E-mini S&P 500 futures with exposure capped at 500% and includes a 6.0% per annum daily deduction, which creates a drag on performance. If priced on the indicated date, the estimated value would be about $884.80 per $1,000 note and will not be less than $870.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions. Repayment depends on the credit of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and EURO STOXX 50® Index, maturing on August 30, 2029 and sold in $1,000 denominations.
Investors receive a Contingent Interest Payment for each Review Date only if the closing level of each index is at least 70% of its Initial Value; otherwise no interest is paid for that period. The notes are automatically called (return of principal plus interest) if, on any non-final Review Date, every index closes at or above its Initial Value. If the notes are not called and, on the final Review Date, any index is below its 60% Trigger Value, principal is reduced 1-for-1 with the decline of the Least Performing Index, potentially to zero.
The indicative estimated value is $966.40 per $1,000 note on the trade date and will not be less than $940.00, reflecting embedded selling commissions (up to $12 per $1,000) and hedging/structuring costs. The notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, may have limited liquidity and carry complex tax and market risks.
JPMorgan Chase & Co. (JPM), as guarantor, is offering auto-callable structured notes issued by JPMorgan Chase Financial Company LLC linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 18, 2031, in minimum denominations of $1,000.
The notes may be automatically called on any of 17 Review Dates starting September 16, 2027 if the Index is at or above 100% of its Initial Value. On a call, investors receive $1,000 plus a Call Premium Amount that starts at at least 20.900% of principal on the first Review Date and increases to at least 104.500% on the final Review Date. If not called, principal is repaid at maturity only if the Final Index Value is at or above a 50.00% Barrier Amount; otherwise, repayment is $1,000 plus $1,000 times the Index Return, exposing investors to losses greater than 50% and up to a total loss of principal.
The MerQube US Large-Cap Vol Advantage Index applies a 6.0% per annum daily deduction and uses a target volatility mechanism (35% target) with variable leverage between 0% and 500% in E-mini S&P 500 futures. If priced today, the estimated value would be about $883.90 per $1,000 note and will not be less than $870.00 at pricing, reflecting selling costs and internal funding assumptions. The notes pay no interest, do not provide dividends, are unsecured obligations subject to the credit risk of both the issuer and JPMorgan Chase & Co., and are not insured by the FDIC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $7,240,000 of Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing September 29, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide unleveraged exposure to the S&P 500 with a Maximum Upside Return of 9.40%. At maturity, if the Index is above its initial level, the payoff equals the index return up to this cap. If the Index is flat or down by up to the 15.00% Buffer Amount, investors receive a positive return equal to the absolute index decline, capped at 15% (maximum negative-index payoff of $1,150 per $1,000 note). Below the buffer, principal is exposed 1-for-1, with maximum loss of 85.00% (minimum payoff $150 per $1,000).
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. Price to public is $1,000 per note, including $4.00 in selling commissions; net proceeds to the issuer are $7,211,040. The issuer’s estimated value is $989.10 per $1,000, reflecting internal funding and hedging costs, and secondary market prices are expected to be below the issue price and may be illiquid.
JPMORGAN CHASE & CO, through JPMorgan Chase Financial Company LLC, is offering unsecured, auto-callable Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on September 9, 2031. Each note has a $1,000 denomination and may be automatically called as early as September 8, 2027 if the Index closes at or above 100% of its Initial Value, paying back principal plus a call premium of at least 25% on the first Review Date, rising by 25 percentage points per year to at least 125% on the final Review Date.
If the notes are not called, principal is protected only within a 15% Buffer Amount; if the Index declines by more than this, repayment is reduced 1-for-1 and investors can lose up to 85% of principal at maturity. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which will drag performance and cause it to trail a similar index without these charges. The Index targets 35% implied volatility with exposure between 0% and 500%, creating leverage and “volatility drag” risks.
The notes pay no interest or dividends, are not listed, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. If priced on the described date, the estimated value would be approximately $916 per $1,000 note and will not be less than $900, below the price to public due to selling commissions, hedging costs and issuer profit.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, auto-callable structured notes due September 6, 2029 linked to the MerQube US Large-Cap Vol Advantage Index. The notes pay no interest or dividends and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on scheduled Review Dates starting September 1, 2027 if the Index is at or above 90% of its Initial Value. If called, investors receive $1,000 plus a fixed premium that steps up from 18% on the first Review Date to 54% on the final Review Date. If not called and the Final Index Value is at or above 65% of the Initial Value, principal is returned at maturity; below that barrier, repayment is $1,000 plus $1,000 × Index Return, so losses exceed 35% and can reach 100%.
The Index dynamically allocates leveraged exposure (up to 500%) to E-mini S&P 500 futures targeting 35% implied volatility and is reduced by a 6.0% per annum daily deduction, which drags performance. The indicative estimated value is about $920 per $1,000 note and will not be less than $900, reflecting embedded costs. Investors face JPMorgan credit risk, complex index behavior, potential illiquidity, and significant downside risk.
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 Capped Buffered Equity Notes linked to the Invesco QQQ, Series 1, maturing December 2, 2027. The notes provide 1.00x upside exposure to the fund, capped at a minimum 23.50% maximum return at maturity, with a 10.00% downside buffer.
Principal is exposed beyond the 10.00% buffer: investors can lose up to 90.00% of principal if the fund declines 100%, and the notes pay no interest or dividends. Hypothetical examples show a maximum payment of $1,235 per $1,000 note at or above a 23.50% fund gain, and a payment of $600 per $1,000 note if the fund falls 50%. If priced on the reference date, the estimated value would be about $986.10 per $1,000 note, and the final estimated value on pricing will not be less than $900.00 per $1,000.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to their credit risks. They will not be listed on any exchange, may have limited or no liquidity, and secondary market prices and estimated values may be lower than the original issue price due to embedded costs and internal funding rates. U.S. federal tax treatment is based on an “open transaction” prepaid contract analysis, with potential application of constructive ownership and Section 871(m) rules as described.
JPMORGAN CHASE & CO (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing on August 31, 2028. The notes provide unleveraged upside exposure to the Index up to a Maximum Upside Return of at least 16.83%, so the maximum positive payoff is at least $1,168.30 per $1,000 note.
If the Index is flat, investors receive principal back. If the Index is down by up to the 25.00% Buffer Amount, investors receive the absolute decline as a positive return, up to $1,250.00 per $1,000 note. If the Index falls more than 25%, losses are magnified by a Downside Leverage Factor of 1.33333, and some or all principal may be lost. The notes pay no interest or dividends, are not FDIC insured, and all payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co. The indicative estimated value is about $982.60 per $1,000 note (not less than $970.00), below the issue price due to selling, structuring and hedging costs.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable notes linked to the MerQube US Tech+ Vol Advantage Index, maturing September 18, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as September 15, 2027 if the Index is at or above a specified Call Value, paying back principal plus a call premium based on a minimum Call Premium Rate of 17.60% per annum on a business-day count formula. If never called, investors receive principal at maturity only if the final Index level is at or above a Barrier Amount; otherwise repayment is reduced 1% for each 1% Index decline, potentially down to zero. The Index itself embeds a 6.0% per annum daily deduction and a daily notional financing cost (SOFR plus 0.50%), causing it to lag a comparable index without such charges. The preliminary estimated value is about $899.80 per $1,000 note and will not be less than $880.00 at pricing, reflecting selling costs and internal funding/hedging assumptions. Minimum denomination is $1,000, and the notes pay no interest or QQQ dividends and carry full issuer and guarantor credit risk.
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 auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on September 18, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent quarterly coupon only if, on a Review Date, the Index is at least 60% of its Initial Value (the Interest Barrier). Principal is at risk: if the notes are not called and the Final Index Value is below 50% of the Initial Value (the Trigger Value), repayment at maturity is reduced 1% for each 1% Index decline, down to zero.
The notes may be automatically called on any Review Date from September 14, 2027 (excluding the first three and final Review Dates) if the Index is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and then terminating. The underlying Index uses a 35% target volatility with exposure between 0% and 500% to the Invesco QQQ Fund, is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, and therefore is expected to trail an otherwise identical index without these charges. If priced today, the estimated economic value would be about $898.80 per $1,000 note, and will not be less than $880.00 per $1,000 when finalized, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.
JPMorgan Chase & Co. (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 18, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes automatically call at a premium if, on any Review Date from September 15, 2027 onward, the Index closes at or above the applicable Call Value; otherwise investors are exposed to Index performance at maturity, with no principal protection below the Barrier Amount and no periodic interest or dividends. The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures with a 35% target volatility and is reduced by a 6.0% per annum daily deduction, which is a persistent drag on performance. If priced today, the estimated value would be about $887.60 per $1,000 note, and will not be less than $870.00 at pricing, reflecting embedded selling, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of both the issuer and JPMorgan Chase & Co., are not FDIC insured, will not be listed, and may be difficult to sell before maturity.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Airbag In-Digital Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes have a term of about two years, from an expected trade date of August 26, 2026 to maturity on or about August 31, 2028, in $10 denominations with a minimum $1,000 investment.
If the Final Value of the S&P 500 Index is at or above a Digital Barrier equal to 90% of the Initial Value, holders receive $10 plus a Digital Return between 19.00% and 19.70% per Note, regardless of how much the Index has risen. If the Final Value is below the 90% Downside Threshold, repayment is reduced according to the Index loss beyond a 10% Threshold Percentage multiplied by Downside Gearing of 1.11111, causing losses of 1.11111% of principal for every 1% decline beyond 10%, potentially to zero. The Notes pay no interest or dividends, are not listed on any exchange, and all payments depend on the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. An example estimated value is $9.924 per $10 principal amount Note if priced at the midpoint Digital Return, and the final estimated value will not be less than $9.60 per $10.
JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes called Uncapped Accelerated Barrier Notes linked to the iShares MSCI EAFE ETF (EFA), fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide an upside leverage factor of at least 1.2175 on any positive ETF return at maturity, with no cap on gains. Principal is protected only if the ETF’s final value is at or above a barrier set at 90% of the initial value; below that level, investors incur a 1:1 loss with the ETF and can lose all principal. The notes pay no interest or dividends, have a minimum denomination of $1,000, are expected to price on or about August 26, 2026 and mature on August 29, 2031.
Fees and embedded costs mean the estimated value is about $950 per $1,000 note if priced today, and will not be less than $930 per $1,000 when set. The notes are not listed, may be illiquid, and expose holders to both market risk in the ETF and the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (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 5-year non-call 1-year auto callable 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 a dynamic leverage of 0% to 500% and is subject to a 6.0% per annum daily deduction.
The notes feature an Upside Leverage Factor of 5.00 at maturity if held and not called, a Barrier Amount at 50.00% of the Initial Value, and review dates from September 16, 2027 through September 15, 2031 with potential automatic calls when the Index is at or above the Call Value, paying at least 22.00% per annum call premiums that rise on later review dates. The estimated value will not be less than $870 per $1,000 principal, and principal is at risk, including the possibility of losing all invested amount. All payments depend on the credit 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 Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, are expected to price on or about September 14, 2026, settle on or about September 17, 2026 and mature on September 18, 2031.
The notes can be automatically called as early as September 16, 2027 if the Index is at or above the 100% Call Value, paying principal plus a call premium (minimum 22.00%–44.00% of principal depending on the Review Date). If not called and the Final Value is above the Initial Value, investors receive an uncapped leveraged payoff of 5.00× the Index’s positive return.
If the Final Value is between the Initial Value and the 50.00% Barrier Amount, investors receive principal only; if it is below the Barrier, losses are 1% of principal for each 1% Index decline, up to total loss. The Index embeds a 6.0% per annum daily deduction and uses leveraged exposure (up to 500%) to E-mini S&P 500 futures with a 35% target volatility, which can significantly affect performance. The indicative estimated value is approximately $889.40 per $1,000 note, and any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Airbag In-Digital Notes linked to an unequally weighted basket of five equity indices (EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index and S&P/ASX 200), fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes have a term of approximately 18 months, an issue price and principal amount of $10 per Note, and a minimum investment of $1,000. If the Final Basket Value is at or above the Digital Barrier/Downside Threshold, set at 90% of the Initial Basket Value, investors receive principal plus a fixed Digital Return between 14.20% and 14.90%, regardless of how much the Basket has risen. If the Final Basket Value is below the Downside Threshold, repayment is reduced according to the formula using a 10% Threshold Percentage and 1.11111 Downside Gearing, leading to losses greater than 1% of principal for each 1% Basket decline beyond the threshold, down to a total loss. The Notes pay no interest or dividends, are unsecured and unsubordinated, not listed on any exchange, and all payments depend on the creditworthiness of JPMorgan Chase Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note pays no interest and is designed to return full principal at maturity, subject to issuer and guarantor credit risk. At maturity on August 29, 2031, holders receive $1,000 plus an Additional Amount equal to $1,000 × Index Return × a participation rate of at least 131%, but not less than zero, so downside exposure to the Index is not passed through.
The Initial Value is the Index closing level on the pricing date; the Final Value is measured on August 26, 2031. Hypothetical examples show that with a 10% Index gain and a 131% participation rate, the payout would be $1,131 per $1,000 note, while any flat or negative Index performance returns only principal. The estimated value is about $952.10 per $1,000 note and will not be less than $900, reflecting embedded selling commissions, hedging costs and dealer margin. The notes are not listed, secondary prices are expected to be below issue price, and performance depends on futures-based index dynamics, including potential negative roll returns, as well as complex U.S. tax treatment as contingent payment debt instruments.
JPMorgan Chase & Co. (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering Capped Buffered Return Enhanced Notes linked to the S&P 500® Index, due May 26, 2028, in minimum denominations of $1,000 per note. The notes provide 1.25x leveraged upside to the Index, capped at a maximum return of at least 22.50% (minimum maturity payment of $1,225 per $1,000 note), and include a 20% downside buffer.
If the Index falls more than 20% from the Strike Value of 7,652.86, principal loss is magnified by a 1.25x downside factor and investors can lose some or all principal at maturity. The notes pay no interest, do not pass through dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed on any exchange. If priced on the reference date, the estimated value would be about $997.50 per $1,000 note and will not be less than $970.00 per $1,000 at pricing.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Capped Buffered Return Enhanced Notes linked to the iShares MSCI Emerging Markets ETF (EEM), maturing on August 31, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.50x leveraged exposure to any positive Fund return, capped at a Maximum Return of at least 33.15%, corresponding to a maximum payment of at least $1,331.50 per $1,000 note. A 10% downside buffer protects principal for Fund declines up to 10%; beyond that, investors lose 1% of principal for each additional 1% drop, for a maximum 90% loss. The notes pay no interest, do not pass through Fund dividends, and are subject to the credit risk of both the issuer and guarantor. Minimum denomination is $1,000. If priced on the indicated date, the estimated value would be about $960 per $1,000 note and will not be less than $940, reflecting embedded costs and dealer compensation. The notes will not be listed, secondary liquidity depends on JPMS, and JPMorgan may accelerate the notes if the Fund is delisted or terminated. Key risks include leverage with a cap, limited anti-dilution protection, emerging-markets and currency risk from the Fund, and complex U.S. tax treatment.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Accelerated Barrier Notes linked to the least-performing of the EURO STOXX 50® Index, SPDR® Gold Trust and iShares® Silver Trust, maturing on September 5, 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on September 7, 2027 if each underlying is at or above 100% of its initial value, paying $1,000 plus a call premium of at least $544.50 per $1,000 note. If not called and all final underlying values exceed their initial values, investors receive an uncapped leveraged payoff of 1.75× the least-performing underlying’s gain. If any final underlying is at or below its initial value but all are at or above 50% of initial value, principal is returned. If any final underlying is below 50% of its initial value, repayment is reduced one-for-one with the least performer’s loss, potentially to zero.
The minimum denomination is $1,000$907.70 per $1,000 note, not less than $900.00 at pricing, reflecting selling commissions, hedging costs and dealer margins. The notes pay no interest or dividends, will not be listed, and expose holders to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering structured Callable Accelerated Barrier Notes linked to the lesser performing of the Nasdaq‑100 Index and the S&P 500 Index, due August 7, 2031. Each note has a $1,000 denomination and may be redeemed early at the issuer’s option on quarterly Optional Call Payment Dates starting September 14, 2027, for $1,000 plus a call premium that steps up from at least 20% to at least 96.66667% of principal.
If not called and both indices finish above their initial levels, investors receive 2.00× the return of the lesser performing index at maturity. If at least one index is at or below its initial level but both stay at or above 80% of initial value, principal is returned. If either index finishes below its 80% barrier, principal is reduced 1% for each 1% decline in the lesser performing index, down to a total loss. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value initially around $969 per $1,000 that will not be less than $900 per $1,000 when set, reflecting selling commissions, hedging costs and issuer funding assumptions.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, amends the U.S. federal tax disclosure for its structured Yield Notes linked to the lesser performing of the SPDR S&P 500 ETF Trust and Invesco QQQ, Series 1 due November 24, 2026. The prior “Tax Treatment” section is fully replaced.
The notes are intended to be treated as units comprising (x) a cash-settled Put Option written by the holder and (y) a $1,000 Deposit per $1,000 principal amount. For reporting, approximately 47.66% of each interest payment will be treated as interest on the Deposit (ordinary income) and the remainder as Put Premium, taken into account only on sale or settlement if this treatment is respected. The amendment also addresses potential future IRS/Treasury guidance on prepaid forward contracts and confirms that, based on current rules and the issuer’s determinations, its tax counsel believes Section 871(m) withholding should not apply to Non-U.S. Holders, though the IRS could disagree.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Callable Contingent Interest Notes due September 7, 2029 linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index. Investors receive a Contingent Interest Payment on a Review Date only if each index closes at or above 70.00% of its Initial Value, the Interest Barrier. The notes may be redeemed early at the issuer’s option on specified Interest Payment Dates starting March 8, 2027.
The notes do not guarantee principal or any interest. If the notes are not redeemed and the Final Value of any index is below its Trigger Value (also 70.00% of Initial Value in the hypotheticals), repayment at maturity is reduced by the full negative return of the least performing index, potentially to zero. A hypothetical Contingent Interest Rate is 8.90% per annum (0.74167% per month), and example payouts show total contingent interest of up to $267.0000 per $1,000 note over 36 payments, but also a scenario with a $400.00 total payment (–60.00% return).
If priced on the described date, the estimated value would be approximately $950.00 per $1,000 note, and when set will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., expose holders to its and the issuer’s credit risk, will not be listed, may have limited or no liquidity, and require investors to give up dividends on index constituents and accept complex U.S. tax treatment and potential withholding for Non‑U.S. holders.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the closing level of each Index is at least 70% of its Initial Value, and may be automatically called if, on specified Review Dates, each Index is at or above its Initial Value, with the earliest possible auto-call on March 2, 2027. If not called and, at maturity on September 7, 2029, the Final Value of any Index is below its Trigger Value (also 70% of Initial Value), investors receive $1,000 plus $1,000 times the Least Performing Index Return and can lose a significant portion or all of principal. The indicative contingent interest rate will be at least 8.25% per annum, paid monthly if conditions are met, with $1,000 minimum denominations and an estimated value currently indicated at about $950.80 per $1,000 note.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering Airbag In-Digital Notes linked to the S&P 500® Index, issued at $10 per Note in minimum investments of $1,000 and maturing on or about March 2, 2028 (about 18 months).
If, on the Final Valuation Date, the S&P 500® closing level is at least 90% of the Initial Value (the Digital Barrier/Downside Threshold), investors receive their principal plus a fixed Digital Return between 14.00% and 14.65%, regardless of index gains. If the Final Value is below the Downside Threshold, repayment is reduced by 1.11111% of principal for every 1% the index falls beyond the 10% Threshold Percentage, so some or all principal may be lost.
The Notes pay no interest, do not provide dividends, will not be listed on any exchange and are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co. An illustrative estimated value is $9.933 per $10 Note, and the final estimated value will not be less than $9.60 per $10. U.S. tax counsel expects to treat the Notes as open “prepaid financial contracts,” but the IRS could disagree.
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 8, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Payment only for Review Dates when the Index closing level is at least 70% of the Initial Value (Interest Barrier)
If not called and the Final Value is below the 50% Trigger Value, repayment equals $1,000 plus $1,000 × Index Return, so investors can lose more than 50% and up to all principal. The Index embeds a 6.0% per annum daily deduction and can use leverage up to 500%, which can significantly drag performance. The minimum denomination is $1,000, the indicative Contingent Interest Rate is at least 12.75% per annum, and the estimated value is about $935 per $1,000 (not less than $900), below the issue price due to selling, hedging and structuring costs. The notes are unsecured, not bank deposits and not FDIC insured, and may be illiquid.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable buffered return enhanced notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on August 30, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on September 2, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $172.50 per note. If not called, and at maturity each index is above its initial level, investors receive $1,000 plus 1.50 times the return of the least performing index. Principal is protected only by a 20.00% downside buffer; if any index falls more than 20% from its initial level, principal is reduced 1% for each 1% decline beyond the buffer, for up to an 80.00% loss.
The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will be issued in $1,000 minimum denominations. An example estimated value is $983.50 per $1,000 note, with a stated minimum estimated value of $900.00 per note.
JPMORGAN CHASE & CO (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, due September 8, 2032, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and may be automatically called on scheduled Review Dates starting September 7, 2027 if the Index closes at or above a Call Value set at 105% of the Initial Value.
On an automatic call, investors receive $1,000 plus a fixed Call Premium Amount that steps up by at least 35.20% of principal on the first Review Date to at least 211.20% on the final Review Date. If not called, and the Final Value is at or above a Barrier Amount of 50% of the Initial Value, investors receive only principal back at maturity. If the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 × Index Return, exposing investors to loss of more than half, up to all, of principal.
The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag performance and cause the Index to lag an otherwise identical index without such charges. The indicative estimated value is about $946.50 per $1,000 note and will not be less than $900, below the price to public, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes pay no interest, do not pass through QQQ Fund dividends, are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity will likely depend on JPMS making a secondary market.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing March 2, 2028, in minimum denominations of $1,000.
The notes provide unleveraged exposure to index appreciation up to a Maximum Upside Return of at least 13.00%, and to the absolute value of index depreciation up to a 20.00% Buffer Amount. If the lesser-performing index falls more than 20%, principal is reduced 1% for each additional 1% decline, with a maximum loss of 80.00% of principal. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed on any securities exchange.
If priced on the illustrated date, the estimated value would be $973.60 per $1,000 note and will not be less than $900.00 per $1,000 when set, reflecting selling commissions, hedging costs and issuer funding assumptions. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and U.S. tax treatment is expected to follow “open transaction” prepaid financial contract treatment, subject to IRS guidance.