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 unsecured, unsubordinated Capped Buffered Return Enhanced Notes linked to the Nasdaq-100 Index®, maturing September 7, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.30x leveraged upside on any positive Index performance, capped at a Maximum Return of at least 32.40%. A 15.00% Buffer Amount protects against moderate declines, but if the Index falls by more than 15%, principal is reduced 1% for every additional 1% decline, up to a maximum loss of 85.00%, with a minimum maturity payment of $150 per $1,000 note. The notes pay no interest, offer no dividends, and will not be listed; liquidity, if any, would depend on repurchases by J.P. Morgan Securities LLC. Minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $989.90 per $1,000 note and will not be less than $900.00 at pricing. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The filing also describes recent methodology changes to the Nasdaq-100 Index® and outlines complex and potentially adverse U.S. federal tax treatment, including Section 871(m) considerations for non-U.S. holders.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Capped Dual Directional 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 31, 2028, in minimum denominations of $1,000.
At maturity, investors receive 1.50x any positive return of the least performing index, capped at a Maximum Upside Return of at least 27.25%, or a positive, uncapped payout equal to the absolute value of index declines up to a 25.00% Buffer Amount. If the least performing index falls more than 25%, principal is reduced 1% for each 1% decline beyond 25%, down to a minimum payment of $250 per $1,000 (a 75% loss).
The notes pay no interest or dividends, are not listed, and any secondary market would be limited and likely at prices below issue. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The initial estimated value would be about $987.80 per $1,000, and will not be less than $900. U.S. tax treatment is based on an “open transaction” prepaid contract approach, which the IRS could challenge; Section 871(m) is expected not to apply to Non‑U.S. Holders based on current determinations.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Structured Investments called Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performing of the Nasdaq‑100 Index® and the S&P 500® Index, maturing on August 31, 2029 and fully guaranteed by JPMorgan Chase & Co.
The notes provide at maturity at least 1.215x any positive return of the lesser performing index if both indices finish above their initial levels, and a dual-directional, uncapped upside for index declines up to 25% if each index stays at or above 75% of its Initial Value (the Barrier Amount). If either index finishes below its Barrier Amount, investors lose principal 1:1 with the decline of the lesser performing index and could lose all principal. The minimum denomination is $1,000; the estimated value would be about $982.10 per $1,000 if priced on the date shown and will not be less than $900.00 per $1,000 when set. The notes pay no interest, do not provide dividends, will not be listed, and are subject to the credit risk of both the issuer and guarantor.
JPMORGAN CHASE & CO (guarantor) and its subsidiary JPMorgan Chase Financial Company LLC are issuing $3,735,000 of Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury Rate, maturing on August 22, 2031. The notes pay quarterly interest at a variable rate based on an Interest Factor of 8.00% per annum, but only for days when the reference rate is ≤ 5.25%, the Reference Rate Barrier; days above the barrier earn 0% for that day, so the effective interest rate for a period can range from 0% up to 8%.
The notes are callable quarterly, at the issuer’s option, starting August 24, 2027, at par plus accrued interest, after a one-year non-call period. If not called, investors receive the $1,000 principal per note at maturity plus any accrued interest, subject to the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The notes are unsecured, not insured, and will not be listed on an exchange, and the estimated value at pricing was $972 per $1,000, below the $1,000 issue price, reflecting selling commissions and hedging costs.
JPMORGAN CHASE & CO (JPM), via its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering digital notes linked inversely to the 1‑Year U.S. Dollar SOFR ICE Swap Rate. Each note has a $1,000 denomination and pays no interim interest.
At maturity, if the Final Reference Rate is less than or equal to the 3.979% Reference Strike Rate, or above it by up to at least the 28.10% Contingent Buffer Percentage, investors receive a fixed 9.00% Contingent Digital Return, for a maximum payment of $1,090 per $1,000 note. If the Final Reference Rate exceeds the strike by more than the Contingent Buffer Percentage, principal is reduced 1% for every 1% increase, capped at a 100% loss through the Inverse Reference Rate Return formula.
The indicative estimated value is $971.20 per $1,000 note and will not be less than $965.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured obligations of the issuer, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not bank deposits, and are not FDIC‑insured. The tax treatment is uncertain and described as “open transactions,” and the issuer highlights limited liquidity, potential conflicts in setting the Reference Strike Rate, and sensitivity of principal to relatively small percentage changes in the Reference Rate.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Capped Buffered Equity Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing on March 2, 2029, in minimum denominations of $1,000.
The notes provide 1.00x upside exposure to the Index, with a Maximum Return of at least 28.80%. A 20.00% Buffer Amount protects principal against moderate declines; if the Index falls more than 20.00%, investors lose 1% of principal for each 1% decline beyond 20.00%, up to a maximum loss of 80.00% at maturity.
The notes do not pay interest or dividends and will not be listed; liquidity depends on J.P. Morgan Securities LLC making a market. If priced on the date described, the estimated value would be about $960 per $1,000 note and will not be less than $950, below the original issue price due to selling, structuring and hedging costs. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Callable Contingent Interest Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on September 3, 2030 and redeemable at the issuer’s option starting September 2, 2027.
The notes pay a monthly Contingent Interest Payment only if on a Review Date each index closes at or above 70.00% of its Initial Value; otherwise no interest is paid. If not called and any index finishes below 65.00% of its Initial Value at maturity, investors lose 1% of principal for each 1% decline of the least performing index, potentially losing all principal. The hypothetical Contingent Interest Rate will be at least 9.90% per annum, and the estimated value would be about $966.50 per $1,000 note, not less than $900.00, reflecting embedded costs and internal funding assumptions.
JPMorgan Chase & Co. (JPM), through issuer JPMorgan Chase Financial Company LLC, is offering auto callable buffered return enhanced notes linked to the S&P 500® Index, due September 8, 2028, in $1,000 minimum denominations. The notes may be automatically called on September 9, 2027 if the Index closing level is at or above a specified Call Value; in that case investors receive $1,000 plus a Call Premium Amount of at least $92.50 and the notes terminate early.
If not called and held to maturity, investors receive an uncapped payoff of 1.25× any positive Index return. A 10.00% Buffer Amount protects principal against moderate declines; below that, principal loss is 1% for each 1% Index drop beyond the buffer, up to a 90.00% loss of principal. The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to both entities’ credit risk. The estimated value is about $960 per $1,000 note at the time of disclosure and will not be less than $950 per $1,000 when finalized.
JPMORGAN CHASE & CO (JPM), as guarantor for JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 29, 2031.
Investors receive a monthly Contingent Interest Payment only if the Index closes on a Review Date at or above 60.00% of the Initial Value (the Interest Barrier). The annualized contingent rate will be at least 13.75%. Starting with the sixth Review Date (earliest February 26, 2027), the notes are automatically called if the Index is at or above its Initial Value, paying $1,000 plus that month’s interest.
If the notes are not called and the Final Value is at or above the Trigger Value (also 60.00% of Initial), investors receive $1,000 plus the final interest. If the Final Value is below the Trigger Value, repayment is reduced 1% for each 1% Index decline, potentially to $0. The Index includes a 6.0% per annum daily deduction, uses leverage up to 500% in E-mini S&P 500 futures, and may be partly uninvested, all of which can weigh on performance. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of about $938.20 per $1,000 if priced on the described date, and at pricing will not be less than $900. They are not listed, may be illiquid, and carry complex tax and withholding considerations.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes due September 9, 2031 linked to the least performing of the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index. The notes provide an uncapped leveraged upside of at least 1.295× any positive return of the least performing index at maturity and a 30.00% downside buffer.
If the least performing index is down more than 30.00% at maturity, holders lose 1% of principal for each 1% decline beyond the buffer, up to a 70.00% maximum loss (receiving as little as $300 per $1,000 note). No interest or dividends are paid, and payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.
Minimum denomination is $1,000. If priced on the date illustrated, the estimated value would be about $946 per $1,000 note, and at pricing it will not be less than $900. The notes will not be listed, and secondary market prices are expected to be below the original issue price.
JPMorgan Chase & Co (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable barrier notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing August 29, 2030 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are issued in $1,000 denominations, pay no interest, and expose investors to index performance with an automatic call feature starting August 31, 2027. If on any non-final Review Date all three indices are at or above 100% of their Initial Values, the notes are automatically called and pay back principal plus a Call Premium Amount of at least 17.20%, 34.40% or 51.60% of principal on the first three Review Dates, respectively. At maturity, if not called and each index is above its Initial Value, investors receive uncapped, unleveraged upside based on the least performing index; if any index finishes between 70% and 100% of its Initial Value, principal is returned; if any index is below 70%, repayment is reduced one-for-one with the decline of the least performing index, down to a total loss. The indicative estimated value is about $972.60 per $1,000 note and will not be less than $900.00 when set, reflecting embedded fees, hedging costs and issuer funding assumptions.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Structured Investments called Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performing of the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ, Series 1 (QQQ), maturing on August 30, 2029 and fully guaranteed by JPMorgan Chase & Co.
Investors receive no interest or dividends. At maturity, if both ETFs finish above their initial levels, the notes pay $1,000 plus the lesser-performing ETF’s return multiplied by an Upside Leverage Factor of at least 1.135. If either ETF is flat or down but both stay at or above 70.00% of initial value (the Barrier Amount), the notes pay $1,000 plus the absolute value of the lesser performer’s decline, capped at a 30.00% gain (maximum $1,300 per $1,000 note when the lesser performer is negative). If either ETF finishes below its Barrier Amount, principal is exposed 1:1 to the loss of the lesser performer, with the possibility of total loss.
The notes are offered in $1,000 minimum denominations, are not listed, and secondary liquidity depends on J.P. Morgan Securities LLC. Indicatively, the estimated value is about $982.40 per $1,000 note and will not be less than $900.00, reflecting selling commissions (up to $7.50 per $1,000) and hedging and structuring costs. The product carries the credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co. and involves complex U.S. tax treatment as a prepaid financial contract, with potential application of constructive ownership and Section 871(m) rules.
JPMORGAN CHASE & CO (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering $4,294,000 of Medium-Term Notes, Series A, linked to the S&P 500 Index and fully guaranteed by JPMorgan Chase & Co.
Each note has a $1,000 principal amount, no interest, and matures on June 22, 2028. At maturity, investors receive: (i) if the S&P 500 rises, 1.30× the index gain, capped at a maximum settlement amount of $1,263.25 per $1,000 (corresponding to a cap level of 120.25% of the initial index level); (ii) if the index is down but not below 87.50% of its initial level, full principal; and (iii) if the index falls more than 12.50%, losses at about 1.1429× the decline beyond the buffer, potentially to zero.
The notes are not listed, may have limited liquidity, and are subject to the credit risk of both the issuer and guarantor. The estimated value at pricing was $995.90 per $1,000, lower than the issue price due to structuring and hedging costs. The tax treatment is complex, including issues under the “prepaid financial contract” framework and potential future changes, and non-U.S. holders are advised to consider Section 871(m). Investors bear market, liquidity, credit, valuation and tax risks and do not receive dividends or voting rights on S&P 500 constituents.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $670,000 of unsecured Capped Notes linked to the Nasdaq-100 Index®, maturing February 22, 2030 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
Each $1,000 note offers 100% participation in any Index appreciation, with a maximum Additional Amount of $295, capping the total payment at $1,295 per note (a 29.50% maximum return). If the Index ends at or below the Strike Value of 29,490.96, holders receive only the $1,000 principal at maturity, with no protection against inflation and subject to issuer and guarantor credit risk.
The notes pay no interest, provide no dividends or equity rights, and are not listed on an exchange; liquidity will depend on J.P. Morgan Securities LLC. The price to public is $1,000 per note, including $25 in fees; the issuer’s estimated value at pricing was $966 per $1,000 note. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of original issue discount based on a 4.38% comparable yield.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes due August 30, 2029 linked separately to three ETFs: iShares MSCI EAFE, State Street Consumer Discretionary Select Sector SPDR and State Street Energy Select Sector SPDR. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.
Investors receive a Contingent Interest Payment on each monthly Review Date only if the closing price of each ETF is at or above 50% of its Initial Value
If the notes are not called and on the final Review Date any ETF is below its 50% Trigger Value, principal is reduced 1% for every 1% decline in the Least Performing Fund, down to a possible full loss. If all are at or above their Trigger Values, investors receive $1,000 plus final interest. The minimum denomination is $1,000 per note. If priced today, the estimated value would be about $971.20 per $1,000, and when set it will not be less than $940.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured, not FDIC insured, and subject to the credit risk of both the issuer and the guarantor.
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 $2,000,000 in Uncapped Accelerated Barrier Notes linked to the lesser-performing of the EURO STOXX 50® Index and the STOXX® Europe 600 Index, maturing August 24, 2032 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 2.275x leveraged upside on any positive return of the lesser-performing index at maturity, with principal protection only down to a 70% Barrier Amount. If either index finishes below its barrier, principal loss matches the full percentage decline of the lesser-performing index, up to total loss. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both the issuer and guarantor, and will not be listed, so liquidity depends on J.P. Morgan Securities LLC making a market.
The price to the public is $1,000 per note, including $32.50 in selling commissions and a $7.50 structuring fee per $1,000. The estimated value at pricing is $940.30 per $1,000, reflecting internal funding rates, hedging and distribution costs. The notes priced on August 19, 2026 and are expected to settle on or about August 24, 2026.
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 (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 (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $275,000 of unsecured Structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 22, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are auto-callable quarterly from August 24, 2027 if the Index is at or above a preset Call Value, paying $1,000 plus a growing Call Premium Amount that can reach 81.5% of principal on the final Review Date.
The notes pay no interest or dividends and expose investors to up to 85% loss of principal at maturity if the Index falls more than a 15% buffer below its initial level; investors also forgo all upside beyond the call premiums. The underlying Index applies a 6.0% per annum daily deduction and a daily notional financing cost over QQQ, which systematically drags performance, especially when volatility is high or returns are flat. The price to public is $1,000 per note, including $6.50 in selling commissions, versus an estimated value of $945.80 at pricing, and any payments are subject to the credit risk of both the issuer and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is issuing $550,000 of unsecured Auto Callable Yield Notes due February 25, 2028, linked individually to the S&P 500, EURO STOXX 50 and Nikkei 225, and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a fixed coupon of 7.85% per annum (1.9625% quarterly) so long as they remain outstanding. They are automatically called, returning principal plus the current interest, if on any non-final Review Date all three indices close at or above their Initial Values; the earliest call date is February 19, 2027.
If not called, principal repayment at maturity depends on the “Least Performing Index.” If each index’s Final Value is at least 60% of its Initial Value (the Trigger Value), investors receive full principal plus final interest. If any index finishes below its Trigger Value, payoff is reduced one-for-one with the Least Performing Index’s decline, and investors can lose more than 40% and up to all principal. The price to public is $1,000 per note, with an estimated value of $965, reflecting embedded costs and dealer compensation.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $500,000 of unsecured Capped Return Enhanced Notes linked to Eli Lilly and Company common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 2.00x any positive stock performance up to a maximum return of 43.00%, corresponding to a maximum payment of $1,430 per $1,000 note at maturity on October 22, 2027, based on an Initial Value of $1,280.34. If Eli Lilly’s stock ends below the Initial Value, investors are exposed 1-for-1 to declines and can lose some or all principal. The notes pay no interest, do not pass through dividends, and are subject to the credit risk of both the issuer and the guarantor. They are not listed, so liquidity will depend on dealer bids, and the estimated value at pricing was $970.80 per $1,000, below the $1,000 issue price due to selling, structuring and hedging costs.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is issuing $1,475,000 of Callable Contingent Interest Notes due August 23, 2029, linked to the least performing of three ETFs: Health Care Select Sector SPDR (XLV), iShares Biotechnology (IBB) and SPDR Gold Trust (GLD). The notes pay a contingent interest rate of 8.25% per annum ($6.875 per $1,000 per month) only if on a monthly Review Date each ETF is at or above 80% of its initial value; missed coupons can be paid later if the condition is met.
The notes offer a 20% buffer, but if at maturity any ETF is below 80% of its initial value, principal is reduced 1:1 beyond the 20% buffer, with up to 80% principal loss. JPMorgan may call the notes quarterly starting August 24, 2027 at $1,000 plus due and unpaid contingent interest. Price to public is $1,000 per note; estimated value is $970.10, reflecting selling costs and hedging. Payments are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (through JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor) is offering unsecured Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index®. The notes provide unleveraged exposure to index moves over roughly one year, without interest or dividends, and are subject to the credit risk of both entities.
At maturity, investors receive $1,000 plus the Index Return when the Index finishes above the strike, capped by a Maximum Upside Return of at least 13.35%, implying a maximum positive payoff of $1,133.50 per $1,000 note in the examples. If the Index declines by up to the 15.00% Buffer Amount, investors receive the absolute value of the loss as a positive return, up to $1,150.00 per $1,000 note. If the Index falls more than 15%, losses are magnified by a Downside Leverage Factor of 1.17647, and some or all principal can be lost.
The notes have a Strike Date of August 20, 2026, a Valuation Date of September 2, 2027 and a Maturity Date of September 8, 2027, in minimum denominations of $10,000. An example estimated value is $987.00 per $1,000, and the final estimated value will not be less than $960.00, reflecting embedded costs and hedging. The product is intended for investors comfortable with structured payoff formulas, limited upside, downside leverage beyond the buffer, illiquidity risk 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 (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 capped notes due September 30, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 100% principal repayment at maturity, subject to issuer and guarantor credit risk, with no periodic interest.
The notes are linked to the least performing of the S&P 500 Index, Nasdaq-100 Index and Russell 2000 Index. At maturity, investors receive $1,000 per note plus an additional amount equal to 100% of the least-performing index return, capped at a Maximum Amount of at least $85 per $1,000 (at least an 8.50% maximum return). If any index finishes at or below its initial level, only principal is repaid.
Denominations are $1,000. The indicative estimated value is about $991.10 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling commissions (up to $5 per $1,000) and hedging/structuring costs. The notes pay no interest or dividends, are not listed on an exchange, and secondary market liquidity and pricing may be limited.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,403,000 of Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000 and EURO STOXX 50. The notes pay a monthly 10.25% per annum contingent coupon only if each index is at or above 70% of its Initial Value on the relevant Review Date.
The notes are callable at the issuer’s option from February 24, 2027 and, if not called, return principal at maturity only if each index is at or above its 60% Trigger Value; otherwise repayment is reduced one-for-one with the loss on the worst index, down to a total loss. Price to public is $1,000 per note, with $10 in fees and $990 in proceeds to the issuer; the estimated value is $953 per $1,000. The notes are unsecured, not FDIC insured and subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering size is $675,000, in minimum denominations of $1,000 per note, maturing on August 24, 2032.
At maturity, if the Index is above its Initial Value, holders receive principal plus 2.515x the Index gain with no cap. If the Final Value is between the Initial Value and the Barrier Amount of 60% of the Initial Value, investors receive only their principal. If the Final Value is below the Barrier Amount, investors lose 1% of principal for each 1% the Index is below the Initial Value, and can lose all principal.
The notes pay no interest, are not bank deposits, are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities LLC making a market. The price to public is $1,000 per note, including $2.50 in selling commissions, while the issuer’s estimated value is $979.10 per $1,000 note. The underlying S&P 500® Futures Excess Return Index tracks rolling E-mini® S&P 500® futures, and its performance may be affected by futures-market dynamics such as volatility, margin requirements and negative roll returns. The issuer’s tax counsel views the notes as prepaid financial contracts treated as open transactions, with potential long-term capital gain or loss if held over one year, though future IRS guidance could change this outcome.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $250,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 23, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 11.85% per annum (0.9875% per month) only if, on each monthly Review Date, the Index is at or above 60% of its Initial Value (the Interest Barrier). Missed coupons can be paid later if a subsequent Review Date meets the barrier. The notes are automatically called (except on specified early Review Dates and the final one) if the Index is at or above its Initial Value, returning principal plus the applicable coupon and any unpaid coupons.
If not called and the Final Index Value is below the 60% Trigger Value, principal is reduced 1:1 with the Index loss, with potential loss of all principal. The underlying Index is a leveraged futures-based strategy with up to 500% exposure and a 6.0% per annum daily deduction, which creates a significant performance drag. The notes are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, are not listed, and the estimated value at pricing was $946 per $1,000 note, below the $1,000 issue price due to fees, hedging costs and issuer funding spread.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,000,000 of auto callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on August 22, 2030 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a 7.00% per annum Contingent Interest Payment (0.58333% monthly) only if on a Review Date each index is at or above 70% of its Initial Value (the Interest Barrier; Trigger Value is 60%). From the 12th Review Date (earliest call August 19, 2027), the notes are automatically called if each index is at or above its Initial Value, returning $1,000 plus current and any unpaid contingent interest. If held to maturity without an automatic call and any index finishes below its Trigger Value, 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 $37 in fees and commissions, for issuer proceeds of $963 per note; the estimated value at pricing was $938.40 per $1,000, reflecting embedded selling, structuring and hedging costs and an internal funding rate.
JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Capped Dual Directional Buffered Equity Notes linked to the Nasdaq‑100 Index®. The notes are unsecured, unsubordinated obligations of the subsidiary and are fully and unconditionally guaranteed by JPMorgan Chase & Co., with minimum denominations of $10,000 and integral multiples of $1,000.
At maturity in February 2028, investors receive: (1) principal plus the Index’s gain on an unleveraged basis, capped at a Maximum Upside Return of at least 17.50%; (2) if the Index is down by up to the 20.00% Buffer Amount, a positive return equal to the Absolute Index Return, up to 20.00%; or (3) if the Index is down by more than 20.00%, a leveraged loss of 1.25% of principal for each 1% decline beyond 20.00%. The maximum payment if the Index Return is positive is $1,175 per $1,000 note, and the maximum if negative (but within the buffer) is $1,200 per $1,000 note; investors may lose some or all principal below the buffer. The preliminary estimated value is about $984.40 per $1,000 note and will not be less than $970.00, reflecting structuring and hedging costs. The notes pay no interest or dividends, are not listed, and any payment depends on the credit 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. (JPM), through JPMorgan Chase Financial Company LLC, is offering $385,000 of Uncapped Digital Barrier Notes linked to the lesser performing of the Nasdaq-100 Futures Excess Index and the S&P 500® Futures Excess Return Index, maturing on August 22, 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes are issued in $1,000 denominations at a price of $1,000 per note, with selling commissions of $15 per note and estimated value of $967.70 per note at pricing. They pay no interest. At maturity, if both indices finish at or above their initial levels, investors receive $1,000 plus the greater of a 93.30% Contingent Digital Return or the lesser index’s actual return, with no cap. If either index is below its initial level but both remain at or above 70% of their initial values (the Barrier Amount), investors receive only principal back. If either index closes below its Barrier Amount, repayment is reduced one-for-one with the loss on the lesser performing index, exposing investors to losses greater than 30% and potentially a total loss of principal.
The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, subject to the credit risk of both the issuer and JPMorgan Chase & Co., will not be listed on any exchange, and may trade at prices below issue. The underlying indices track excess returns on E-mini® futures, embedding futures-specific risks such as volatility, negative roll yield and potential divergence from the underlying equity indices. The tax treatment is complex; counsel views the notes as open transactions/prepaid financial contracts, but the IRS could assert a different treatment.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is issuing $364,000 of unsecured Callable Contingent Interest Notes linked to the lesser performing of the MSCI EAFE Index and the MSCI Emerging Markets Index, maturing on August 22, 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a 12.50% per annum Contingent Interest, credited monthly (1.04167%), only if on each Review Date both indices are at or above 70% of their Initial Values. If not called, principal is fully repaid only if, at maturity, both indices are at or above 60% of Initial Value; otherwise, investors lose 1% of principal for each 1% decline in the lesser performing index. The issuer may redeem the notes early at par plus interest on any Interest Payment Date from November 24, 2026 (excluding the first, second and final dates). The price to public is $1,000 per note, including $2.50 in commissions, versus an estimated value of $986.30. The notes are not listed, expose holders to JPMorgan credit risk, non-U.S. and emerging markets equity risk, currency risk, limited liquidity and complex U.S. tax and withholding 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 its subsidiary JPMorgan Chase Financial Company LLC, is offering Digital Contingent Buffered Notes linked to the S&P 500® Index under its medium-term note program. The notes provide a fixed Contingent Digital Return of at least 113.70% per $1,000 principal if, on the 2036 Valuation Date, the Index ending level is at or above the strike level, or down by no more than the 10.00% Contingent Buffer Amount; in that case the payment is $2,137 per $1,000 note at maturity. If the Index closes more than 10% below the strike, principal is exposed 1:1 to further declines, so investors can lose more than 10% and up to all principal. The notes pay no interest or dividends, have a minimum denomination of $10,000, and are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. An indicative estimated value is $951.40 per $1,000 note, and the final estimated value will not be less than $940, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is issuing $2,486,000 of unsecured auto-callable review notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 22, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes are sold in $1,000 denominations at $1,000 per note, with underwriting fees of $41.50 and issuer proceeds of $958.50 per note. The earliest automatic call date is August 24, 2027; if on any Review Date the Index is at or above the Call Value, investors receive $1,000 plus a call premium that starts at 18.5% of principal and rises up to 92.5% on the final Review Date.
If never called, principal is protected only by a 15% Buffer Amount; if the Index falls more than 15% from its initial level, investors lose 1% of principal for each additional 1% decline, up to an 85% loss. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, and can use leverage up to 500% exposure, which together can significantly drag on performance. The estimated value is $913.50 per $1,000 note, below the issue price, and payments are subject to the credit risk of both the finance subsidiary and JPMorgan Chase & Co.
JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,642,000 of unsecured Callable Contingent Interest Notes due August 23, 2029, linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a contingent coupon of 8.25% per annum (2.0625% quarterly) only if on a Review Date each index is at or above 70% of its Initial Value (the Interest Barrier). JPMorgan may redeem the notes early on quarterly Interest Payment Dates from February 24, 2027, paying $1,000 plus any due contingent interest.
If held to maturity and not called, full principal is repaid only if the Final Value of each index is at or above its 70% Trigger Value; otherwise, repayment is reduced in line with the loss of the Least Performing Index, potentially to zero. The price to public is $1,000 per note, including $37.50 in fees and commissions, versus an estimated value of $938.80, and the notes are subject to JPMorgan credit risk and limited liquidity.
JPMorgan Chase & Co. (JPM), through 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 7, 2029, at $1,000 per note in minimum denominations of $1,000.
The notes pay no interest and offer early redemption at a premium if, on any semiannual Review Date from September 7, 2027, the Index is at or above 90% of its initial level. In that case, holders receive $1,000 plus a fixed Call Premium that starts at 21.750% of principal and rises to at least 65.250% by the final Review Date; no further payments occur after an automatic call.
If the notes are not called and the final Index level is at or above 60% of the initial level, investors receive only principal back. If the final level is below 60%, repayment is reduced one-for-one with the Index loss, leading to losses greater than 40% and up to a total loss of principal. The underlying Index itself is costly: it applies a 6.0% per annum daily deduction, may employ leverage up to 500% of futures exposure and can be significantly uninvested, which can drag performance.
The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but remain subject to its and the issuer’s credit risk. The indicative estimated value is about $934.60 per $1,000 note and will not be less than $900.00, lower than the issue price because of embedded costs and dealer compensation.
JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due September 2, 2031, in $1,000 denominations and fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes pay a Contingent Interest Rate of at least 8.60% per annum, but only for Review Dates when the Index is at or above 65% of the Initial Value (the Interest Barrier). Starting March 1, 2027, the notes are automatically called if, on a Review Date (other than the first five and final), the Index is at or above its Initial Value, returning $1,000 plus that period’s interest.
If not called, principal is protected only down to a Buffer Threshold of 80% of the Initial Value; below that, investors lose 1% of principal for each 1% Index decline beyond the 20% buffer, up to an 80% loss of principal. The Index uses dynamic, leveraged exposure to the Invesco QQQ Fund with a volatility target and is reduced by a 6.0% per annum daily deduction plus a notional financing cost, so it is expected to trail a similar index without these deductions. The indicative estimated value is about $906.30 per $1,000 note and will not be less than $900.00, reflecting structuring and hedging costs. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Digital Barrier Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices, maturing May 28, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.
Per $1,000 note, investors receive a fixed return of at least 7.25% at maturity if the final level of each index is at least 90% of its initial level. If any index finishes below 90% but all remain at or above 70%, only principal is returned. If any index ends below 70%, repayment is reduced one‑for‑one with the decline of the least performing index, and investors can lose their entire principal.
The notes pay no interest, do not provide dividends on underlying stocks, and will not be listed, so liquidity may be limited. Minimum denomination is $1,000. If priced today, the estimated value would be about $979.50 per $1,000 note, and the final estimated value will not be less than $900. All payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.
JPMORGAN CHASE & CO (through JPMorgan Chase Financial Company LLC) is offering Uncapped Accelerated Barrier Notes linked to the lesser performing of the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ, Series 1 (QQQ), maturing on August 26, 2031 and guaranteed by JPMorgan Chase & Co.
The notes provide at least 1.40x the positive return of the lesser-performing fund at maturity if both funds finish above their initial values. Principal is protected only if each fund’s final value is at least 70.00% of its Initial Value; if either closes below this barrier, repayment is reduced 1-for-1 with the loss on the lesser performer and investors can lose all principal.
The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., and will not be listed on an exchange. If priced today, the issuer estimates the value at about $980 per $1,000 note and commits it will not be less than $960 at pricing, reflecting selling commissions, hedging costs and structuring fees. The issuer may accelerate the notes if a fund is delisted or liquidated and no successor is available.