JPMorgan Chase & Co. filings document a bank holding company with worldwide financial services operations and multiple classes of exchange-listed securities. Periodic reports describe investment banking, consumer and small-business financial services, commercial banking, transaction processing and asset management, along with capital, assets and stockholders’ equity disclosures.
The company’s 8-K filings record material events and identify registered securities including JPM common stock, depositary shares representing fractional interests in non-cumulative preferred stock, and guarantees of notes and exchange-traded notes issued by JPMorgan Chase Financial Company LLC. Proxy materials cover board matters, executive compensation, equity awards, shareholder voting items and other governance disclosures.
JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 12, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of three underlyings: the S&P 500® Index, the State Street® Financial Select Sector SPDR® ETF and the VanEck® Semiconductor ETF.
Investors may receive a Contingent Interest Payment on each Review Date only if the closing value of every underlying is at least 50% of its Initial Value (the Interest Barrier). For Review Dates other than the first, second and final, the notes are automatically called if each underlying is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and ending further payments. If the notes are not called, maturity payment depends on the Least Performing Underlying: if its Final Value is at or above its Trigger Value (also 50% of Initial Value), investors receive $1,000 plus the final contingent interest; otherwise, principal is reduced 1% for every 1% decline from Initial Value, potentially down to zero.
The hypothetical Contingent Interest Rate is shown as 13.25% per annum, with an estimated initial value of about $959.20 per $1,000 note. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not insured by the FDIC, and will not be listed, so liquidity and secondary prices may be limited.
JPMorgan Chase Financial Company LLC plans to issue Auto Callable Accelerated Barrier Notes linked to the iShares® Ethereum Trust ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and a term to September 6, 2029, with a potential automatic call on September 7, 2027.
If on the Review Date the ETF’s price is at or above the Call Value of 100% of the Initial Value, the notes are automatically called and pay back principal plus a Call Premium Amount of at least $320 per $1,000, ending the investment. If not called, at maturity investors receive 1.50 times any positive Fund return, full principal back if the Final Value is at or above the Barrier Amount of 60% of Initial Value, and 1-for-1 downside exposure below that barrier, which can result in losing most or all principal.
The notes pay no interest, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are designed for investors comfortable with high volatility and regulatory risk tied to ether and the Ethereum network. The estimated value is expected to be around $950 per $1,000 note on pricing (not less than $900), reflecting embedded fees, hedging costs and issuer funding assumptions, and the notes will not be listed, so liquidity may be limited.
JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due August 13, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 5.15% per annum, calculated on a 30/360 day count basis and paid annually in arrears on August 13 of each year, beginning August 13, 2027, subject to earlier redemption.
On each February 13, May 13, August 13 and November 13 from February 13, 2027 through May 13, 2030, the issuer may, at its option, redeem all (but not part) of the notes at par plus accrued and unpaid interest. The notes follow a Following Business Day Convention with an Unadjusted Interest Accrual Convention
JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the least performing of three ETFs: Global X Uranium ETF, State Street Financial Select Sector SPDR ETF and State Street Energy Select Sector SPDR ETF. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but all payments are subject to the credit risk of both entities.
The notes pay a contingent quarterly coupon of at least 4.2625% (at least 17.05% per annum) only if on each Review Date the price of one share of each ETF is at or above 60% of its Initial Value (the Interest Barrier). The same 60% level is the Trigger Value for principal protection at maturity. JPMorgan may redeem the notes early on specified interest payment dates starting August 12, 2027, paying $1,000 per note plus any applicable contingent interest.
If the notes are not called and on the final Review Date any ETF closes below its Trigger Value, principal is reduced one-for-one with the decline of the least performing ETF, leading to losses of more than 40% and possibly a total loss of principal. The estimated value on the pricing date is expected to be about $938.90 per $1,000 (and not less than $900), reflecting embedded structuring and hedging costs, and the notes will not be listed, so liquidity depends on dealer trading.
JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes due September 6, 2029, linked to the lesser performance of the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, no interest or dividends, and expose investors to the credit risk of both the issuer and guarantor.
The notes may be automatically called on review dates starting September 2, 2027 if each index is at or above its call value (100% of its initial level), paying back principal plus a call premium of at least 18% on the first review date or 36% on the second. If not called and both final index levels exceed their initial levels, investors receive an uncapped leveraged payoff of 2.0x the gain of the lesser-performing index. If either index finishes below its initial level but at or above 70% of its initial level, principal is returned. If either falls below this barrier, repayment is reduced one-for-one with the loss on the lesser-performing index, and investors can lose up to 100% of principal. The indicative estimated value is about $958.80 per $1,000 at pricing, and secondary market prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC is offering medium-term, basket-linked notes due August 9, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and may be automatically called on August 16, 2027 if the basket level is at or above 100% of its initial level.
The basket is unequally weighted across five equity indices: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%), with an initial basket level of 100. If called, each $1,000 note pays $1,000 plus a call premium expected between 9.44%–11.07%. If not called and the final basket level is at or above 100, maturity payment equals $1,000 plus the greater of the basket return or a maturity premium expected between 18.88%–22.14%.
A 10% buffer protects principal only for declines up to 10%; below that, losses are leveraged at approximately 1.1111×, and investors can lose their entire principal. The estimated initial value is expected between $960.30 and $970.30 per $1,000, reflecting embedded fees and hedging costs. Payments are subject to the credit risk of both the issuer and guarantor, and the notes will not be listed on any exchange.
JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an upside leverage factor of at least 2.35x any positive index return at maturity and pay no periodic interest.
The notes have a Barrier Amount at 70.00% of the Initial Value, observed only on September 2, 2031. At maturity on September 5, 2031, investors receive principal plus leveraged gains if the index is above the initial level; full principal if the index is at or above the barrier; and a 1-for-1 loss with the index below the barrier, down to zero. The minimum denomination is $1,000. The issuer states that, if priced today, the estimated value would be approximately $958 per $1,000 note and will not be less than $900 per $1,000 at pricing. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits or FDIC insured, may be accelerated upon a commodity hedging disruption event, and are expected to have limited or no secondary market liquidity.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The Index provides rules-based, leveraged exposure (0%–500%) to an unfunded position in the Invesco QQQ Trust, net of a 6.0% per annum daily index deduction and a notional financing cost on the QQQ exposure.
The notes pay a contingent interest rate of at least 9.25% per annumInterest Barrier of 85% of the Initial Value. They may be automatically called on monthly review dates (excluding the first five and final) if the Index is at or above 95% of the Initial Value, returning $1,000 per note plus due and previously unpaid contingent interest.
If not called, and the Final Value is at or above the 85% Buffer Threshold, investors receive $1,000 plus applicable contingent interest and any unpaid contingent interest. If the Final Value is below 85%, repayment is reduced according to $1,000 + [$1,000 × (Index Return + 15%)], exposing investors to a loss of some or most principal. The estimated value will be at least $900 per $1,000 note and all payments are subject to the credit risk of the issuer and guarantor.
JPMorgan Chase Financial Company LLC is offering auto callable notes due September 1, 2033, linked to the J.P. Morgan Multi-Asset Index and fully guaranteed by JPMorgan Chase & Co. The notes provide 100% participation in Index appreciation at maturity if not called and return principal at maturity, subject to issuer and guarantor credit risk.
The notes can be automatically called on annual Review Dates starting in 2027 if the Index is at or above specified Call Values, paying principal plus a fixed Call Premium that steps up over time. Investors forgo periodic interest, face liquidity and valuation risks, and the Index embeds a 1.00% per annum daily deduction and a rules-based, volatility-targeting futures strategy.
The minimum denomination is $1,000. The estimated value per $1,000 note would be about $912.10 if priced on the indicated date and will not be less than $900.00. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring annual original-issue-discount accruals.
JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due July 19, 2029, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 9.25% per annum (at least $7.7083 per $1,000 monthly) only if, on a given Review Date, the Index closes at or above 85.00% of its Initial Value, with unpaid coupons potentially catching up on later qualifying dates.
The notes can be automatically called on designated Review Dates from February 16, 2027 onward if the Index is at or above 95.00% of its Initial Value, returning $1,000 per note plus the applicable contingent interest and any unpaid prior coupons, after which no further payments are made. If not called and the Final Value is at least 85.00% of the Initial Value, investors receive $1,000 plus the final and any unpaid coupons; if it is below that level, principal is reduced according to index performance beyond a 15.00% buffer, with losses up to 85.00% of principal possible.
The underlying Index employs a leveraged, volatility-targeting strategy on exposure to the Invesco QQQ Fund and is reduced by a 6.0% per annum daily deduction and a notional financing cost, so it is designed to trail an equivalent index without such charges. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may trade at prices below the $1,000 issue price; the estimated value at pricing is expected to be between $900 and $926 per $1,000 note.