JPMORGAN CHASE & CO SEC Filings

JPMorgan Chase Financial Company LLC is offering structured notes titled Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq‑100 Index and the Russell 2000 Index, maturing on August 16, 2029. The notes provide 2.05x leveraged upside on any positive performance of the least performing index at maturity, with no cap, based on $1,000 minimum denominations.

If the final level of any index is at or above 70% of its initial level (the Barrier Amount), investors receive their principal back; if all three indices are above their initial levels, they also receive the leveraged upside. If any index finishes below its barrier, principal is reduced 1% for every 1% decline in the least performing index, potentially resulting in a total loss of principal. The notes pay no interest, provide no dividends, are unsecured obligations of JPMorgan Financial guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk.

The indicative estimated value is about $976.80 per $1,000 note, and will not be less than $900.00 at pricing, reflecting embedded costs and hedging. The notes will not be listed, and secondary market liquidity and prices may be limited and below the issue price. The filing also details index methodologies (including updated Nasdaq‑100 rules) and complex U.S. tax and Section 871(m) considerations.

JPMorgan Chase Financial Company LLC plans to issue unsecured structured notes due August 29, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000. The notes are linked to the MerQube US Tech+ Vol Advantage Index and can be automatically called as early as August 31, 2027 if the Index is at or above a specified Call Value, paying back principal plus a Call Premium Amount.

Holders forgo interest and dividends and face capital risk: if the notes are not called and the Index falls more than the 15% buffer, principal is reduced 1% for each 1% Index loss beyond the buffer, up to an 85% loss of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which systematically drag performance and cause the Index to trail an otherwise identical, undeducted index.

The Index dynamically adjusts exposure to the QQQ Fund to target 35% implied volatility, with exposure ranging from 0% to 500%, introducing leverage and potential “volatility drag.” If priced on the reference date described, the estimated economic value would be about $901.90 per $1,000 note, with a minimum final estimated value at issuance of $900.00, reflecting selling costs and internal funding assumptions. Any payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the Class A common stock of Meta Platforms, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations with a scheduled maturity on August 17, 2029, minimum denominations of $1,000, and may be automatically called as early as February 16, 2027 if Meta’s share price on a Review Date (other than the first five and final) is at or above the Initial Value.

Investors may receive a contingent interest rate of at least 11.05% per annum, payable only for Review Dates on which Meta’s closing price is at or above the Interest Barrier, set at 50% of the Initial Value. If the notes are not called and Meta’s Final Value is at or above the Trigger Value (also 50% of the Initial Value), investors receive principal plus the final contingent interest. If the Final Value is below the Trigger Value, repayment is reduced dollar-for-dollar with Meta’s decline, potentially resulting in a significant or total loss of principal and no interest. The estimated value is indicated at approximately $970.10 per $1,000 note and will not be less than $900, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 16, 2029, linked to the Nasdaq-100 Index®, the Russell 2000® Index and the SPDR® S&P® Regional Banking ETF, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors may receive a Contingent Interest Payment on each Review Date only if the closing value of each underlying is at or above its Interest Barrier, set at 70% of its Initial Value; missed coupons can be paid later if the condition is later satisfied. The notes are automatically called, starting as early as February 11, 2027, if on a Review Date (other than specified early and final dates) each underlying closes at or above its Initial Value, returning principal plus the applicable coupon and any unpaid coupons.

If not called, at maturity investors receive principal back only if the Final Value of each underlying is at or above its Trigger Value of 60% of Initial Value; otherwise repayment is reduced one-for-one with the decline of the Least Performing Underlying, potentially to zero. The indicative estimated value is about $957.50 per $1,000 note and will not be less than $900.00, reflecting embedded costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., offer no upside participation or dividends, may be illiquid, and embed complex tax and sector-specific risks.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and matures on August 12, 2032.

Investors receive a high contingent coupon (at least 17.75% per annum, paid monthly) only when the Index is at or above 70% of its Initial Value, and may receive no interest at all. The notes auto-call quarterly from August 9, 2027 if the Index is at or above its Initial Value, returning principal plus the relevant coupon. If held to maturity without being called and the Index closes below the 50% Trigger Value, principal is reduced one-for-one with the Index decline, down to a total loss. The Index embeds 6.0% per annum daily fees and can use leverage up to 500%, creating significant risk and drag on performance. The estimated economic value is about $923.10 per $1,000 note, and at pricing will not be less than $900, reflecting built-in costs, credit risk of JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, structural complexity and tax uncertainty.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates starting August 16, 2027 if the Index is at or above 90% of its Initial Value (the Call Value). In that case, investors receive $1,000 plus a Call Premium Amount that starts at least at 16.6500% of principal on the first Review Date and rises to at least 83.2500% by the final Review Date, ending the investment early.

If the notes are not called, principal is protected only down to a 20.00% Buffer Amount. At maturity on August 14, 2031, if the Index has fallen by more than 20%, repayment is reduced dollar‑for‑dollar beyond that buffer, so investors can lose up to 80.00% of principal. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ exposure, which drag on performance and cause the Index to trail an equivalent index without such charges. The minimum denomination is $1,000 per note. If priced today, the estimated economic value would be about $943.70 per $1,000 note, and the final estimated value at pricing will not be less than $900.00, both below the issue price due to selling, structuring and hedging costs. Any payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and the availability of secondary market liquidity, which is not assured.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the Nasdaq-100 Index®, due August 16, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and is sold in $1,000 minimum denominations.

The notes may be automatically called on August 18, 2027 if the Index closes at or above a specified Call Value, paying $1,000 plus a Call Premium Amount of at least $160. If not called, at maturity investors receive uncapped upside of 1.50 times any positive Index return, full principal back if the Final Index Value is at or above the Barrier Amount of 80.00% of the Initial Value, and a one-for-one loss of principal with Index declines below that barrier, potentially to zero.

The indicative estimated value is approximately $984.80 per $1,000 note at launch and will not be less than $900. Payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co., the notes pay no interest or dividends, are not listed, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity of August 15, 2031 and a minimum denomination of $1,000.

The notes can be automatically called on quarterly Review Dates starting August 17, 2027 if the Index is at or above 100% of its Initial Value, paying back principal plus a fixed Call Premium that starts at 20% and steps up to 100% by the final Review Date. If not called, principal is protected only by a 15% Buffer Amount; if the Index falls more than 15% at final valuation, repayment is reduced 1:1 beyond the buffer, with investors exposed to a loss of up to 85% of principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund exposure, which systematically drags performance versus a similar index without these charges. The issuer estimates initial value at about $908.30 per $1,000 note, and states it will not be less than $900, reflecting embedded fees and hedging costs. The notes pay no interest or dividends and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 29, 2031, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Payment on each Review Date only if the Index closing level is at least 70.00% of the Initial Value (the Interest Barrier). The Contingent Interest Rate will be at least 9.00% per annum, with previously unpaid interest paid when conditions are next satisfied. The notes are automatically called, beginning as early as August 26, 2027, if on an applicable Review Date the Index is at or above the Call Value, expected to be 93.00% of the Initial Value.

If the notes are not called, principal is protected only down to the 85.00% Buffer Threshold; below this level, investors lose 1% of principal for each 1% Index decline beyond the 15.00% Buffer Amount, up to a loss of 85.00% of principal. The Index employs a target volatility of 35%, leverage up to 500%, and is reduced by a 6.0% per annum daily deduction plus a notional financing cost, so its performance will trail an equivalent index without these deductions. If priced today, the estimated value would be approximately $911.60 per $1,000 note and will not be less than $900.00 at pricing; this is below the issue price because of selling commissions and structuring and hedging costs.