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, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering callable fixed rate notes due January 31, 2030. The notes pay fixed interest at 5.00% per annum, calculated on a 30/360 basis and paid annually each July 31, beginning in 2027, and on the maturity date, if the notes remain outstanding.
On the last calendar day of January, April, July and October from January 31, 2027 through October 31, 2029, the issuer may redeem the notes at par plus accrued interest. The assumed price to the public is $1,000 per $1,000 principal amount note, with eligible institutional and fee-based advisory accounts potentially paying as low as $992.60. Selling commissions are expected to be about $1.50, capped at $10.00, per $1,000 note. The notes are not bank deposits, are not insured by the FDIC or any governmental agency, and are treated for U.S. federal income tax purposes as fixed-rate debt instruments issued without OID, according to counsel.
JPMorgan Chase Financial Company LLC plans to issue Auto Callable Accelerated Barrier Notes due July 24, 2031, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.
The notes may be automatically called on July 27, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium of at least $298 per $1,000 note. If not called and all three final index levels exceed their initial values, investors receive $1,000 plus 1.50 times the gain of the weakest index. If any index is at or below its initial level but all stay at or above 70% of initial, principal is returned. If any index finishes below the 70% barrier, repayment is reduced one-for-one with the weakest index’s loss, down to zero.
The notes pay no interest or dividends, are issued in $1,000 minimum denominations, and are unsecured obligations of JPMorgan Financial subject to the credit of both the issuer and guarantor. The indicative estimated value is about $972.60 per $1,000, and selling commissions will not exceed $11.25 per $1,000.
JPMorgan Chase & Co. is offering Callable Fixed Rate Notes due July 31, 2041 that pay 5.70% per annum on $1,000 principal amount denominations. Interest is paid annually in arrears on July 31, beginning July 31, 2027, using a 30/360 day count and an unadjusted interest accrual convention.
The notes may be redeemed at JPMorgan Chase & Co.’s option at par plus accrued interest on the last calendar day of January and July from January 31, 2029 through January 31, 2041. They are unsecured obligations of JPMorgan Chase & Co., are not bank deposits or FDIC insured, and in a resolution scenario losses would be borne by equity holders and unsecured creditors, including noteholders, after creditors of subsidiaries and priority and secured creditors are paid. The standard price to the public is $1,000 per $1,000 principal amount, with certain institutional and fee-based accounts paying between $962.60 and $1,000, and dealers receiving selling commissions of approximately $17.50, up to $47.50, per $1,000 note.
JPMorgan Chase & Co. is offering callable fixed rate notes due July 30, 2038 under its Series E medium-term note program. The notes pay a fixed annual interest rate of 5.60%, with interest paid in arrears each July 31 from 2027 through 2037 and on the maturity date, calculated on a 30/360 day count basis.
The issuer may redeem the notes at a price equal to the principal amount plus accrued interest on the last calendar day of January and July, from July 31, 2028 through January 31, 2038. Each note has a $1,000 principal amount, with a price to the public between $972.60 and $1,000 per $1,000 principal amount. Selling commissions are expected to be about $10 per $1,000 principal amount note and will not exceed $35. In a JPMorgan Chase & Co. resolution, holders of these notes would be unsecured creditors of JPMorgan Chase & Co., with claims that are junior to creditors of its subsidiaries and to priority and secured creditors of JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC is issuing unsecured, unsubordinated Callable Contingent Interest Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the Russell 2000 Index, the Utilities Select Sector SPDR ETF and the VanEck Semiconductor ETF, maturing on July 19, 2029.
The notes pay a monthly contingent coupon of at least 16.75% per annum (1.39583% per month) only if, on each Review Date, the closing value of every underlying is at or above its Interest Barrier of 60.00% of its Strike Value; otherwise no interest is paid for that period. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting July 19, 2027, paying $1,000 per note plus any due contingent interest, after which no further payments occur.
If not redeemed, at maturity investors receive $1,000 per note plus any final contingent interest if each underlying’s Final Value is at or above its Trigger Value of 50.00% of Strike. If any underlying finishes below its Trigger Value, repayment is reduced one-for-one with the decline of the least performing underlying, potentially resulting in a loss of more than 50% and up to all principal. The indicative estimated value is approximately $965.30 per $1,000 note, and will not be less than $930.00 per $1,000 at pricing, which is lower than the $1,000 price to public because it excludes selling commissions and hedging-related costs. Investors are exposed to JPMorgan Financial and JPMorgan Chase & Co. credit risk, sector and small-cap equity volatility, limited liquidity and complex U.S. tax treatment.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Medium-Term Notes, Series A, Capped Enhanced Participation Equity Notes due July 19, 2028, linked to the Russell 2000 Index, in $1,000 principal amount denominations with no interest payments.
At maturity, the cash payment per note equals $1,000 plus the underlier return: if the Russell 2000 final level exceeds the initial level, investors receive 1.50 times the index gain, but the payoff is capped by a cap level expected between 125.53% and 129.95% of the initial level and a maximum settlement amount expected between $1,382.95 and $1,449.25 per $1,000 note. If the final index level is below the initial level, principal is reduced one-for-one with the index loss, down to a zero payment, so investors can lose their entire investment.
The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., are not FDIC insured, and will not be listed on any exchange, so liquidity may be limited. The original issue price is 100% of principal, while the estimated value at pricing is expected between $964.60 and $974.60 per $1,000, reflecting selling commissions, hedging-related amounts and other costs. The product is treated, in counsel’s opinion, as an “open transaction” prepaid financial contract for U.S. tax purposes, though the IRS could assert a different treatment.
JPMorgan Chase & Co. is offering unsecured Callable Zero Coupon Notes due July 31, 2040, each with a $1,000 principal amount sold at an Original Issue Price of $457.167 per $1,000. The notes pay no periodic interest; instead, value accretes at a 5.75% per annum yield, compounded annually on a 360-day, twelve 30-day-month basis.
On the Maturity Date, holders receive 100% of the outstanding principal if the notes have not been redeemed earlier. Beginning July 31, 2029 and annually through July 31, 2039, JPMorgan may call the notes at the applicable Accreted Principal Amount, from $540.650 up to $945.626 per $1,000 note. Upon an event of default, any accelerated payment equals the Accreted Principal Amount on the acceleration date. The notes are unsecured obligations of JPMorgan Chase & Co., and in a resolution scenario losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes. For U.S. federal tax purposes, the notes are expected to be issued with original issue discount.
JPMorgan Chase & Co. is offering unsecured fixed-rate reset subordinated notes under its large shelf registration. The notes rank junior to all Senior Indebtedness; on a non-consolidated basis JPMorgan Chase & Co. had about $312.5 billion of senior long-term, intercompany and short‑term borrowings outstanding as of December 31, 2024. Holders generally cannot accelerate maturity except upon bankruptcy, reorganization or insolvency, and the notes are not bank deposits or FDIC insured.
The notes pay a fixed annual rate through an initial fixed-rate period, then from the reset date to maturity pay a coupon equal to a five‑year U.S. Treasury‑based rate plus a fixed spread, with interest payable semi‑annually on a 30/360 basis. The issuer may redeem the notes before the First Par Call Date at a make‑whole price based on the Treasury Rate plus a margin, and on or after the First Par Call Date (and on specified later dates) at par, in each case plus accrued interest and subject to prior regulatory approvals. The notes are issued in $2,000 minimum denominations (multiples of $1,000), in global form through DTC (with access via Euroclear and Clearstream), will not be listed on an exchange, and no trading market is assured.
Net proceeds will be contributed to JPMorgan Chase Holdings LLC for general corporate purposes, including investments in or extensions of credit to subsidiaries, dividends or credit extensions to JPMorgan Chase & Co., and financing acquisitions or business expansion. The filing outlines U.S. tax treatment for non‑U.S. holders, including potential 30% withholding and FATCA implications, and restricts ERISA and Similar Law Plans from investing unless doing so avoids non‑exempt prohibited transactions and relies on an independent fiduciary.
JPMorgan Chase & Co. plans to issue senior unsecured fixed‑to‑floating rate notes and floating rate notes under its $150,000,000,000 shelf registration. The fixed‑to‑floating notes pay a fixed coupon semi‑annually for an initial period, then reset quarterly at a Compounded SOFR‑based floating rate plus a spread. The separate floating rate series pays a floating rate from issuance, also tied initially to Compounded SOFR plus a spread.
The notes rank equally with JPMorgan Chase’s other unsecured, unsubordinated obligations, are not bank deposits, and are not insured by the FDIC or any government agency. They are redeemable at the issuer’s option, with a make‑whole formula before a specified par call date on the fixed‑to‑floating series and par redemptions thereafter; the floating series is callable at par on defined dates. Interest is calculated on a 360‑day basis and paid in U.S. dollars through DTC in minimum denominations of $2,000, in integral multiples of $1,000.
Net proceeds will be contributed to JPMorgan Chase Holdings LLC and used for general corporate purposes, including funding subsidiaries, dividends, redemptions of outstanding securities and potential acquisitions or business expansion, with temporary investment pending use. The notes will not be listed on any securities exchange, and underwriters are not obligated to make a market. The documentation also details benchmark‑transition mechanics if SOFR becomes unavailable, and outlines U.S. federal income, withholding and estate tax considerations for non‑U.S. investors, including the 30% statutory withholding rate and FATCA requirements.
JPMorgan Chase & Co. is offering callable fixed rate notes due July 31, 2041, in $1,000 denominations, paying 5.90% per annum. Interest is paid annually in arrears on July 31, beginning July 31, 2027, using a 30/360 day count, subject to the stated conventions.
The notes are callable at JPMorgan’s option at par plus accrued interest on the last calendar day of January and July, from January 31, 2029 through January 31, 2041. For eligible institutional and fee-based accounts, the price to the public will be between $962.60 and $1,000 per $1,000, with selling commissions typically around $3.50 and capped at $35.00 per $1,000. The notes are unsecured obligations and, under JPMorgan’s preferred single point of entry resolution strategy, holders would bear losses alongside other unsecured creditors and equity holders, and are structurally junior to creditors of JPMorgan’s subsidiaries.