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 Uncapped Accelerated Barrier Notes due July 21, 2031, linked to the lesser performance of the EURO STOXX 50® Index and the STOXX® Europe 600 Index. The notes provide an Upside Leverage Factor of at least 2.39x on any positive return of the lesser performing index at maturity, with no upside cap.
The structure includes a Barrier Amount at 70% of each Index’s Strike Value. If either index finishes below its barrier, investors lose 1% of principal for each 1% decline of the lesser performing index from its Strike Value and can lose all principal. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial fully guaranteed by JPMorgan Chase & Co., and are subject to their credit risk. The indicative estimated value is about $970 per $1,000 note and will not be less than $950 per $1,000 at pricing, reflecting embedded fees, hedging costs and issuer funding assumptions.
JPMorgan Chase Financial Company LLC is offering structured notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on any Review Date from August 4, 2027 through August 4, 2031 if each Index closes at or above 100.00% of its Initial Value, paying $1,000 plus a Call Premium Amount of at least 10.05% to 50.25% of $1,000, depending on the Review Date.
If not called, and on the final Review Date the Final Value of each Index is at least its Barrier Amount of 70.00% of Initial Value, investors receive principal back at maturity on August 7, 2031. If any Index is below its Barrier Amount, the payout becomes $1,000 plus $1,000 times the Least Performing Index Return, exposing investors to losses greater than 30% and up to a complete loss of principal. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is indicated as approximately $937.00 per $1,000 note, and will not be less than $900.00 per $1,000 when finalized.
JPMorgan Chase Financial Company LLC is offering $525,000 principal amount of Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes provide 1.71x the positive return of the least performing index at maturity, with no upside cap. If any index closes below its 70% Barrier Amount on the observation date, principal is reduced one-for-one with the index loss, up to a total loss. The notes pay no interest or dividends, are unsecured and unsubordinated, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An estimated value of $978.10 per $1,000 note is below the $1,000 price to public, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are not listed, and secondary market prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC is offering $242,000 in Auto Callable Accelerated Barrier Notes linked to the Nasdaq‑100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of July 18, 2031 and may be automatically called as early as July 21, 2027 if each index is at or above its Call Value on the Review Date, paying $1,000 principal plus a $120 Call Premium per note.
If not called and each index finishes above its Initial Value, investors receive an uncapped leveraged payoff of 2.1535× the appreciation of the least performing index. If any index ends between its Initial Value and a Barrier Amount of 70% of its Initial Value, investors receive principal only. If any index finishes below its Barrier Amount, repayment is reduced 1% for every 1% decline in the least performing index, with the possibility of losing all principal.
The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $41.25 in selling commissions, with an estimated value of $947.10 per note at pricing.
JPMorgan Chase Financial Company LLC is offering $3,883,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for early automatic call if the Index closes at or above the Call Value on scheduled Review Dates starting July 20, 2027, paying call premiums from 20.05% up to 100.25% of principal per $1,000 note.
If not called, holders have a 15.00% Buffer Amount; losses begin if the Final Value is more than 15% below the Initial Value, with maximum loss of up to 85.00% 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, causing it to trail a similar index without these charges and potentially exerting a significant drag on performance. The Index targets 35% volatility with dynamic exposure between 0% and 500%, introducing leverage and volatility drag risks. The notes do not pay interest or dividends, are not bank deposits or FDIC insured, and any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $910.10 per $1,000 note, below the $1,000 issue price due to selling, structuring and hedging costs.
JPMorgan Chase Financial Company LLC is issuing $1,478,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on July 18, 2031 and fully guaranteed by JPMorgan Chase & Co.
The notes pay a contingent interest rate of 11.25% per annum (2.8125% quarterly) only if, on a Review Date, the Index closes at or above 60% of the Initial Value (the Interest Barrier); otherwise no interest is paid. Starting July 15, 2027, the notes are automatically called if the Index is at or above the Initial Value, returning $1,000 plus that period’s contingent interest, with no further payments.
If not called, principal is protected only if the Final Index Value is at least 50% of the Initial Value (the Trigger Value). Below the Trigger, repayment is $1,000 + ($1,000 × Index return), so investors can lose most or all principal. The Index itself is complex: it uses up to 500% leverage, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction plus a notional financing cost (SOFR + 0.50%), which create performance drag. The notes are unsecured, subject to JPMorgan credit risk, not listed, and priced at $1,000 with estimated value of $897.20 per note, reflecting fees and structuring/hedging costs.
JPMorgan Chase & Co. is offering $3,000,000,000 of fixed-rate reset subordinated notes due July 23, 2041 at an issue price of 100.000%. The notes pay a fixed annual coupon of 5.803% from July 23, 2026 to July 23, 2036, with semi-annual interest on January 23 and July 23.
From July 23, 2036 to maturity, the interest rate resets to the five-year U.S. Treasury constant-maturity rate (CMT) plus 1.250%, payable semi-annually. The notes are unsecured and deeply subordinated, ranking junior to all Senior Indebtedness; as of December 31, 2024, senior obligations on a non-consolidated basis totaled about $312.5 billion.
The issuer may redeem the notes at a make-whole price on or after July 23, 2031 and before July 23, 2036, and at par on the First Par Call Date of July 23, 2036 and on or after January 23, 2041, in each case plus accrued interest and subject to required regulatory approvals. There is no sinking fund and holders generally cannot accelerate maturity except upon bankruptcy, reorganization or insolvency. Net proceeds of approximately $2,986,500,000 (after $13,500,000 of underwriting discounts and estimated $100,000 of expenses) will be contributed to JPMorgan Chase Holdings LLC for general corporate purposes.
JPMorgan Chase & Co. is offering $6,000,000,000 of senior unsecured notes, consisting of $2,500,000,000 fixed‑to‑floating rate notes due July 23, 2030, $3,000,000,000 fixed‑to‑floating rate notes due July 23, 2032, and $500,000,000 floating rate notes due July 23, 2030. All notes are issued at 100.000% of principal, are unsecured, unsubordinated obligations, and are not FDIC‑insured.
The 2030 fixed‑to‑floating notes pay a fixed 4.864% coupon semi‑annually from July 23, 2026 to July 23, 2029, then a floating rate of Compounded SOFR plus 0.845% quarterly to maturity. The 2032 fixed‑to‑floating notes pay a fixed 5.041% coupon semi‑annually from July 23, 2026 to July 23, 2031, then a floating rate of Compounded SOFR plus 1.015% quarterly to maturity. The 2030 floating rate notes pay a floating rate of Compounded SOFR plus 0.850% quarterly from July 23, 2026.
JPMorgan Chase may redeem the notes at specified times and prices, including make‑whole calls before the first par call dates and par redemptions thereafter. Underwriters purchase the notes at discounts between 0.250% and 0.350%, for total underwriting discounts of $18,000,000 and estimated net proceeds of $5,982,000,000, which will be contributed to JPMorgan Chase Holdings LLC for general corporate purposes, including funding subsidiaries, paying dividends, redeeming or repurchasing securities, and financing acquisitions or business expansion.
JPMorgan Chase Financial Company LLC is offering $618,000 of unsecured structured notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the MerQube US Large-Cap Vol Advantage Index and maturing on July 18, 2031. The notes may be automatically called on scheduled Review Dates starting July 19, 2027 if the Index closes at or above the applicable Call Value, returning $1,000 plus a fixed Call Premium Amount per note; no further payments occur after a call.
If the notes are never called and the Final Index Value is below the 60.00% Barrier Amount, the maturity payment equals $1,000 plus $1,000 times the Index Return, so investors lose 1% of principal for every 1% the Index falls from its Initial Value of 4,336.84, and may lose all principal. The Index embeds a 6.0% per annum daily deduction and can employ up to 500% futures exposure, which can drag performance and increase volatility. The price to public is $1,000 per note, including $50 in selling commissions, while the issuer’s estimated value is $883.50 per $1,000 note.
JPMorgan Chase Financial Company LLC is offering $995,000 of auto callable contingent interest notes due July 20, 2032, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. Investors may receive a 17.55% per annum Contingent Interest Payment (1.4625% monthly) for each monthly review date when the Index is at or above 70% of the Initial Value; no interest is paid if the Index is below this Interest Barrier.
The notes can be automatically called quarterly starting July 15, 2027 if the Index is at or above the Initial Value, returning $1,000 per note plus any due interest. If not called, principal is protected only down to a Trigger Value at 50% of the Initial Value; below this, maturity payment is reduced one-for-one with the Index decline, and investors can lose most or all principal. The underlying Index uses leverage up to 500% and applies a 6.0% per annum daily deduction, which drags on performance. Price to public is $1,000 per note, with $9 in fees and an estimated value of $920.60 per $1,000 at pricing.