JPMORGAN CHASE & CO SEC Filings

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $239,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 18, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are sold at $1,000 per note with $50 in fees and commissions and issuer proceeds of $950 per note; the estimated value is $889.10, below the issue price due to selling and hedging costs. They offer automatic call opportunities starting August 17, 2027 if the Index is at or above its Initial Value, with fixed call premiums from 21.70% to 43.40% of principal depending on call date. If not called, investors receive 5x leveraged upside on any Index appreciation at maturity.

The structure includes a 50% barrier (Index level 2,285.845) and exposes investors to 1:1 downside below that level, potentially resulting in loss of most or all principal. The underlying Index itself carries a 6.0% per annum daily deduction and can employ up to 500% leverage to E-mini S&P 500 futures, creating significant performance and volatility risk. Payments depend on the credit of both the issuer and JPMorgan Chase & Co., and the notes pay no interest or dividends and are not exchange-listed.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $40,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 18, 2031. The notes are sold at $1,000 per note, with $50 in fees and commissions and $950 in proceeds to the issuer per note, for total proceeds of $38,000. The initial estimated value is $893.20 per $1,000 note.

The notes pay a quarterly Contingent Interest Payment of $27.25 per $1,000 (a 10.90% per annum rate) only if on a Review Date the Index is at or above 60.00% of the Initial Value, equal to an Interest Barrier and Trigger Value of 2,743.014 based on an Initial Value of 4,571.69. Missed interest can be paid later if a future Review Date meets the barrier. The notes are automatically called (after the third Review Date) if the Index is at or above the Initial Value, returning principal plus current and any unpaid contingent interest.

If not called, and on the final Review Date the Index is at or above the Trigger Value, investors receive principal plus the final and any unpaid contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Index Return), exposing holders to losses greater than 40% and up to a total loss of principal. The Index includes a 6.0% per annum daily deduction and can use leverage up to 500%, which, along with issuer and guarantor credit risk and limited liquidity, are key risk factors.

JPMORGAN CHASE & CO (JPM), as guarantor, is offering structured auto-callable review notes issued by JPMorgan Chase Financial Company LLC, linked to the MerQube US Large-Cap Vol Advantage Index, with an aggregate principal amount of $1,226,000 and scheduled maturity on August 18, 2031.

The notes may be automatically called as early as August 16, 2027 if the Index closes at or above a specified Call Value on a Review Date, paying principal plus a Call Premium based on a 15.25% annualized Call Premium Rate. If never called, holders receive at maturity $1,000 plus $1,000 × Index Return, exposing them to significant downside and possible total loss of principal. The underlying Index is a leveraged, rules-based strategy referencing E-mini S&P 500 futures with a 35% target volatility and up to 500% exposure, reduced by a 6.0% per annum daily deduction that drags performance. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., pay no interest or dividends, are not listed, and have an estimated value of $889 per $1,000 at pricing, below the $1,000 issue price.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $1,132,000 of unsecured Auto Callable Contingent Interest Notes due August 18, 2031, linked to the MerQube US Large-Cap Vol Advantage Index. The notes pay a contingent coupon of 11.50% per annum, quarterly, only if the Index on each Review Date is at or above 60% of its Initial Value; otherwise no interest is paid for that period.

From August 13, 2027, the notes are automatically called if the Index is at or above its Initial Value on a Review Date (other than the first three and final), returning $1,000 plus that period’s coupon. If held to maturity without an auto-call, principal is protected only if the Final Index Value is at or above 50% of Initial (Trigger Value); below that, investors lose principal 1-for-1 with the Index decline, down to zero.

The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which drags performance. The issue price is $1,000 per note, including fees; the initial estimated value is $889.60, reflecting structuring and hedging costs. Payments depend on JPMorgan Financial’s and JPMorgan Chase & Co.’s credit.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is issuing $364,000 of auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 18, 2031, in $1,000 denominations. The notes pay no interest or dividends and are unsecured, unsubordinated obligations fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on scheduled Review Dates starting August 17, 2027 if the Index is at or above the applicable Call Value (generally 100% of the Initial Value, 60% on the final Review Date), paying $1,000 plus a call premium that steps up from 17.95% to 89.75% of principal. If never called and the Final Value is below the 60% Barrier Amount, repayment is $1,000 plus $1,000×Index Return, so investors lose 1% of principal for each 1% Index decline and may lose their entire investment. The Index embeds a 6.0% per annum daily deduction and can use up to 500% futures leverage, which can materially drag performance. The estimated value at pricing was $887.10 per $1,000 note, below the $1,000 issue price.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $200,000 of unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 18, 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 11.50% per annum (2.875% quarterly) only if, on a Review Date, the Index is at or above 60% of its Initial Value (the Interest Barrier). Starting August 13, 2027, the notes are automatically called if, on a Review Date (other than the first three and final), the Index is at or above its Initial Value, returning $1,000 plus the applicable contingent interest, with no further payments.

If not called, at maturity investors receive $1,000 plus the final contingent interest if the Index is at or above the Trigger Value of 50% of Initial Value; otherwise the payoff equals $1,000 plus $1,000 times the Index return, exposing investors to loss of up to all principal. The underlying Index is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, so it is expected to lag a similar index without these deductions. The notes priced at $1,000 per note, with an estimated value of $900.50, and entail credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering $464,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 18, 2031 and subject to an automatic call feature as early as August 16, 2027. The notes pay no interest and do not provide dividends; investors instead receive principal plus a call premium if, on any Review Date, the Index closes at or above the Call Value.

The Call Premium Amount is based on a 17.70% annual Call Premium Rate, scaled by trading days, producing an illustrative payout of $1,177.70 on the first call date and up to $1,882.19 at the final Review Date per $1,000 note. If the notes are not called and the Final Index Value is at or above the Barrier Amount (60% of the Initial Value), principal is returned; if it is below, repayment equals $1,000 plus $1,000 times the Index Return, so investors can lose a significant portion or all of principal.

The Index employs a rules-based, leveraged exposure (0%–500%) to an unfunded position in Invesco QQQ, targeting 35% implied volatility, and is reduced by a 6.0% per annum daily deduction plus a daily notional financing cost (SOFR + 0.50%), which creates a persistent drag versus an identical index without such charges. The estimated value at pricing was $900.30 per $1,000 note, below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions. Repayment depends on the credit of JPMorgan Financial and the guarantee by JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.

JPMORGAN CHASE & CO (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Trigger Autocallable Contingent Yield Notes linked to Lam Research Corporation stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount, minimum investment $1,000, and a contingent coupon rate expected to be at least 22.00% per annum, paid monthly only when Lam’s share price on an Observation Date is at or above the Coupon Barrier of $166.18 (50% of the Initial Value).

The Notes may be automatically called on any monthly Observation Date through August 2028 if Lam’s share price is at or above the Initial Value of $332.36, in which case investors receive principal plus that month’s coupon and no further payments. If not called, and the Final Value is at or above the Downside Threshold of $166.18, investors receive full principal plus the final coupon at maturity; otherwise, they receive $10 × (1 + Underlying Return), incurring a loss proportionate to Lam’s price decline, up to total loss.

The price to public is $10 per Note, including up to $0.15 in selling commissions to UBS, with proceeds to the issuer of $9.85 per Note. The estimated economic value at pricing is expected to be about $9.655 per $10 Note and not less than $9.30, reflecting structuring and hedging costs. The Notes are not bank deposits, are not insured, will not be listed on any exchange, and all payments depend on the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Tax disclosure states the issuer intends to treat the Notes as prepaid forward contracts with associated contingent coupons generally taxed as ordinary income, with specific U.S. and non-U.S. holder considerations.

JPMorgan Chase & Co. (as guarantor for JPMorgan Chase Financial Company LLC) is offering $23,924,060 of Buffer Autocallable GEARS, unsecured notes linked to an unequally weighted basket of five equity indices. The notes have a $10 denomination, a term to August 15, 2029, and may be automatically called on August 19, 2027 if the basket is at or above the Autocall Barrier of 100% of the initial basket value, paying a fixed 12.00% call return (total $11.20 per $10).

If not called and the basket is above its initial level at maturity, investors receive principal plus the basket return multiplied by Upside Gearing of 1.601. If the final basket value is at or above the Downside Threshold of 90% (a 10% buffer), principal is repaid. Below that level, repayment is reduced 1% for each 1% decline beyond the buffer, with up to 90% loss of principal. The basket weights are 40% EURO STOXX 50®, 25% Nikkei 225, 17.5% FTSE® 100, 10% Swiss Market Index and 7.5% S&P/ASX 200. The notes pay no interest or dividends and expose holders to both market risk of the basket and the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The public issue price is $10.00 per note, including a $0.25 selling commission, while the estimated value at pricing is $9.701 per $10.