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.
J.P. Morgan describes the J.P. Morgan Tactical Blend Index, which underlies notes offered under an existing prospectus suite, and provides a long history of hypothetical backtested and more recent actual monthly and annual returns and allocation weights among currency, bond and equity basket constituents.
Backtested performance uses alternative or proxy data for certain constituents prior to specific launch and liquidity dates, then hypothetical performance based on actual constituents through March 29, 2023, and actual index performance from March 30, 2023 to June 30, 2026. The index is calculated on an excess return basis over the US Fed Funds Effective Rate and is reduced by a 0.85% per annum daily deduction.
Risk disclosures highlight that results are hypothetical for long periods, the index has a limited live history, may be significantly uninvested, may be heavily influenced by its equity constituent, seeks but may not achieve target volatility or risk-parity, and uses a momentum-based rebalancing methodology. The notes linked to the index are not bank deposits, are not insured by the FDIC or any government agency, and are not approved or disapproved by the SEC or state regulators.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Sandisk Corporation, due July 26, 2029. The notes pay a Contingent Interest Rate of at least 39.50% per annum, credited monthly when Sandisk’s share price on a Review Date is at or above 60.00% of the Initial Value, and any missed coupons are paid later if the barrier is subsequently met. The notes may be automatically called starting on January 22, 2027 if Sandisk’s share price on a Review Date (other than the first through fifth and final Review Dates) is at or above the Initial Value, returning $1,000 plus due coupons. If not called and the Final Value is at or above 50.00% of the Initial Value, principal is repaid at maturity plus any due contingent interest; if below 50.00%, repayment is reduced one-for-one with the stock decline, potentially to zero. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with an indicative estimated value of about $920 per $1,000 note, not less than $880 when set, and will not be listed on any exchange.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,000 Enhanced Jump Securities with Auto-Callable Feature linked to the worst performing of Bloom Energy, GE Vernova and Vertiv Holdings Class A common stocks. The notes pay no coupons and may auto-redeem on any of 12 observation dates through July 10, 2028 if each stock closes at or above its initial price, returning the $1,000 principal plus an early redemption amount targeting at least approximately 89.00% per annum (from at least $1,890 on the first determination date up to at least $2,705.8333 on the twelfth). If not called and, at maturity, each stock is at or above 50% of its initial price (its downside threshold), investors receive a maturity redemption payment corresponding to at least approximately 89.00% per annum, or at least $2,780.00 per $1,000. If any stock finishes below its downside threshold, the payoff equals $1,000 times the worst stock’s performance factor, resulting in less than 50% of principal and possibly zero. The estimated value, if priced on the indicated date, is $893.40 per $1,000, and will not be less than $880.00.
JPMorgan provides a performance update for the J.P. Morgan Kronos+ SM Index, which offers dynamic uninvested, fully invested or 2x leveraged exposure to the S&P 500® Price Index using turn-of-month, options-expiry momentum and month-end mean reversion strategies. The index does not reflect dividend reinvestment and is reduced by a 0.95% per annum fee and, when leveraged, a notional financing cost tied to the Effective Federal Funds Rate.
The index was established on December 22, 2020, with historical data from June 2016 to December 2020 based on hypothetical backtesting of S&P 500® performance. Over the 10-year period through June 2026, the Kronos+ index shows a Sharpe Ratio of 0.76, 10-year annualized volatility of 25.60% and a 10-year annualized return of 19.42%, compared with the S&P 500® Sharpe Ratio of 0.75, volatility of 18.10% and return of 13.58%. Annual returns range from 100.70% in 2020 to -37.08% in 2022. The disclosure emphasizes that past and backtested performance are not indicative of future results and highlights multiple risks, including strategy-specific risks, JPMorgan affiliate roles, index fee and financing costs, and the synthetic, notional nature of the index.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the S&P 500® Futures Excess Return Index, maturing on July 22, 2032. Each note has a $1,000 denomination, with an estimated value of approximately $976.70 per $1,000 at launch and a minimum estimated value of $900.00 per $1,000.
The notes may be automatically called on July 23, 2027 if the Index is at or above a Call Value, paying $1,000 plus a Call Premium Amount of at least $204.50 per note. If not called, at maturity investors receive 2.00 times any Index appreciation above the Initial Value, principal back if the Final Value is at or above a Barrier Amount equal to 65.00% of the Initial Value, and a 1:1 loss of principal if the Final Value is below the Barrier Amount. The notes pay no interest, are unsecured and unsubordinated, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not listed, may have limited liquidity, and secondary prices are expected to be below the issue price.
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering callable notes maturing on July 15, 2031. The notes pay quarterly interest in arrears at a variable rate tied to the 10-Year Constant Maturity Treasury Rate (the Reference Rate). For each Interest Period, the rate equals the Interest Factor (at least 6.40% per annum, finalized on the trade date) multiplied by the fraction of days in the period when the Reference Rate is less than or equal to a 5.50% Reference Rate Barrier; on days above the barrier, interest accrues at 0.00%.
Interest is paid on the 15th of January, April, July and October of each year, beginning October 15, 2026. The issuer may redeem the notes in whole, but not in part, on the 15th of January, April, July and October from July 15, 2027 through April 15, 2031 at par plus accrued interest. If not called, investors receive principal plus any accrued interest at maturity. The estimated value is approximately $973 per $1,000 note, and will not be less than $960 per $1,000 when set, reflecting embedded costs and hedging. There is significant tax and valuation complexity, including potential treatment as variable rate or contingent payment debt instruments.
J.P. Morgan provides an update on the J.P. Morgan Large-Cap Dynamic Blend 3 Index, showing hypothetical backtested monthly and annual returns from July 25, 1990 through March 22, 2021 and actual index performance from March 23, 2021 through June 30, 2026. The index, established on March 23, 2021, targets a volatility of 3.0% and is calculated on an excess return basis that reflects a 0.95% per annum daily fee deduction. It uses notional exposures to equity and bond futures-based Portfolio Constituents, which themselves were established on December 22, 2020.
The disclosure highlights numerous risks, including limited operating history, dynamic daily rebalancing, periods when the index may be partially uninvested, correlation risks between Portfolio Constituents, futures-specific risks (margin, roll returns, trading disruptions) and credit risk of JPMorgan Financial and JPMorgan Chase & Co. It emphasizes that historical and backtested performance, which may rely on proxy data and modeling assumptions, is hypothetical and not indicative of future results, and stresses that suitability must be assessed for each investor.
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Basket-Linked Notes due August 2, 2028. Each note has a $1,000 principal amount, bears no interest, and is linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%).
The initial basket level is set to 100. At maturity, investors receive $1,000 plus 1.5 times any positive basket return, capped at a maximum settlement amount expected between $1,375.90 and $1,441.00 per $1,000. A 10% downside buffer applies: if the basket falls up to 10%, principal is returned; below that, losses are magnified by a buffer rate of about 1.1111, and investors can lose their entire investment.
The notes are not listed, have no early redemption, and any payment depends on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The original issue price is 100% of principal, but the estimated value is expected between $964.20 and $974.20 per $1,000, reflecting embedded costs and hedging. Secondary market values may be lower and are influenced by internal funding rates and market factors.
The J.P. Morgan Dynamic Blend Index allocates between an Equity Constituent (J.P. Morgan US Large Cap Equities Futures Index) and a Bond Constituent (J.P. Morgan 2Y US Treasury Futures Index) using a rules-based process that targets 3.0% volatility. The index is calculated on an excess-return basis and is subject to a 0.95% per annum daily deduction, so performance reflects this ongoing fee.
The index began on March 23, 2021, with backtested data shown from June 2016 and actual performance from March 23, 2021 through June 30, 2026. Comparative hypothetical portfolios (Domestic and Global 20/80 equity/bond mixes) are provided solely as reference benchmarks, with all of their returns also shown on an excess-return basis. Over the 10-year period presented, the index shows an annualized return of 0.50% with annualized volatility of 3.10%, corresponding to a Sharpe Ratio of 0.16.
The materials stress that past and especially hypothetical backtested performance are not indicative of future results. Numerous risks are highlighted, including index sponsor conflicts (JPMS can adjust methodologies), limited operating history, derivative and fixed-income risks, correlation risks between constituents, potential uninvested index portions earning no return, and the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The notes linked to the index are unsecured, are not bank deposits, and are not FDIC insured.
JPMorgan Chase Financial Company LLC is offering $5,440,000 of Series A Medium-Term Digital Equity Notes due August 11, 2027, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, is issued at 100.00% of principal with no underwriting commission, and does not bear interest.
The payoff depends on the S&P 500 performance from the trade date on July 8, 2026 to the determination date on August 9, 2027. The initial underlier level is 7,482.71. If the final index level is at least 90.00% of the initial level (the threshold level), investors receive a fixed threshold settlement amount of $1,106.10 per $1,000 note, corresponding to a capped return at 110.61% of principal. If the index falls more than 10%, principal is lost on a leveraged basis at a buffer rate of approximately 1.1111% for each additional 1% decline, down to zero, so investors can lose their entire investment. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, have no redemption feature, and have an estimated value at pricing of $996.60 per $1,000 note, reflecting structuring and hedging costs. U.S. tax treatment is based on treating the notes as prepaid financial contracts, with acknowledged uncertainty and potential future regulatory changes.