[FWP] Inverse VIX Short-Term Futures ETNs due March 22, 2045 Free Writing Prospectus
JPMorgan Chase Financial Company is offering 5-year Uncapped Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, guaranteed by JPMorgan Chase & Co. Key terms include:
- Minimum denomination: $1,000
- Maturity Date: June 28, 2030
- Upside Leverage Factor: At least 1.71x
- Barrier Amount: 70% of Initial Value
The notes offer enhanced upside participation if the Final Value exceeds Initial Value, with investors receiving principal plus leveraged index returns. If Final Value falls between Barrier Amount and Initial Value, investors receive principal back. However, if Final Value falls below Barrier Amount, investors face significant downside risk and could lose over 30% of principal.
Key risks include potential principal loss, credit risk of issuers, no interest payments, and market risks associated with futures contracts. The estimated value will be at least $900 per $1,000 principal amount.
La società finanziaria JPMorgan Chase offre Note Accelerate a Barriera Non Limitata di 5 anni collegate all'indice S&P 500 Futures Excess Return, garantite da JPMorgan Chase & Co. I termini principali includono:
- Taglio minimo: 1.000 $
- Data di scadenza: 28 giugno 2030
- Fattore di leva al rialzo: almeno 1,71x
- Importo barriera: 70% del valore iniziale
Le note offrono una partecipazione potenziata al rialzo se il valore finale supera quello iniziale, con gli investitori che ricevono il capitale più i rendimenti dell'indice moltiplicati per la leva. Se il valore finale si colloca tra l'importo barriera e il valore iniziale, gli investitori recuperano il capitale. Tuttavia, se il valore finale scende al di sotto della barriera, gli investitori si espongono a un rischio significativo di perdita e potrebbero perdere oltre il 30% del capitale investito.
I rischi principali includono la possibile perdita del capitale, il rischio di credito degli emittenti, l'assenza di pagamenti di interessi e i rischi di mercato legati ai contratti futures. Il valore stimato sarà almeno di 900 $ per ogni 1.000 $ di capitale investito.
La empresa financiera JPMorgan Chase ofrece Notas Aceleradas con Barrera Sin Límite a 5 años vinculadas al índice S&P 500 Futures Excess Return, garantizadas por JPMorgan Chase & Co. Los términos clave incluyen:
- Denominación mínima: 1,000 $
- Fecha de vencimiento: 28 de junio de 2030
- Factor de apalancamiento al alza: al menos 1,71x
- Cantidad de barrera: 70% del valor inicial
Las notas ofrecen una participación mejorada en la subida si el valor final supera el valor inicial, con los inversores recibiendo el principal más los rendimientos apalancados del índice. Si el valor final se encuentra entre la cantidad de barrera y el valor inicial, los inversores recuperan el principal. Sin embargo, si el valor final cae por debajo de la cantidad de barrera, los inversores enfrentan un riesgo significativo a la baja y podrían perder más del 30% del principal.
Los riesgos clave incluyen la posible pérdida del principal, riesgo crediticio de los emisores, ausencia de pagos de intereses y riesgos de mercado asociados con contratos de futuros. El valor estimado será al menos de 900 $ por cada 1,000 $ de principal.
JPMorgan Chase 금융회사는 S&P 500 선물 초과수익 지수에 연동된 5년 만기 무제한 가속 배리어 노트를 JPMorgan Chase & Co.가 보증하는 조건으로 제공합니다. 주요 조건은 다음과 같습니다:
- 최소 액면가: 1,000달러
- 만기일: 2030년 6월 28일
- 상승 레버리지 계수: 최소 1.71배
- 배리어 금액: 초기 가치의 70%
노트는 최종 가치가 초기 가치를 초과할 경우 향상된 상승 참여를 제공하며, 투자자는 원금과 레버리지된 지수 수익을 받습니다. 최종 가치가 배리어 금액과 초기 가치 사이에 있으면 투자자는 원금을 돌려받습니다. 그러나 최종 가치가 배리어 금액 아래로 떨어지면 상당한 하락 위험에 직면하며 원금의 30% 이상을 잃을 수 있습니다.
주요 위험으로는 원금 손실 가능성, 발행자 신용 위험, 이자 지급 없음, 선물 계약과 관련된 시장 위험이 포함됩니다. 추정 가치는 1,000달러 원금당 최소 900달러 이상입니다.
La société financière JPMorgan Chase propose des Notes à Barrière Accélérée Non Capped sur 5 ans liées à l'indice S&P 500 Futures Excess Return, garanties par JPMorgan Chase & Co. Les principaux termes incluent :
- Montant minimum : 1 000 $
- Date d'échéance : 28 juin 2030
- Facteur de levier à la hausse : au moins 1,71x
- Montant de la barrière : 70 % de la valeur initiale
Les notes offrent une participation accrue à la hausse si la valeur finale dépasse la valeur initiale, les investisseurs recevant le principal plus les rendements indexés avec effet de levier. Si la valeur finale se situe entre le montant de la barrière et la valeur initiale, les investisseurs récupèrent leur principal. Cependant, si la valeur finale tombe en dessous du montant de la barrière, les investisseurs s'exposent à un risque de perte important et pourraient perdre plus de 30 % de leur capital.
Les principaux risques comprennent la perte potentielle du capital, le risque de crédit des émetteurs, l'absence de paiements d'intérêts et les risques de marché liés aux contrats à terme. La valeur estimée sera d'au moins 900 $ pour chaque tranche de 1 000 $ de principal.
Die Finanzgesellschaft JPMorgan Chase bietet 5-jährige unbegrenzte beschleunigte Barriereschuldverschreibungen an, die an den S&P 500 Futures Excess Return Index gekoppelt sind und von JPMorgan Chase & Co. garantiert werden. Die wichtigsten Bedingungen sind:
- Mindestnennwert: 1.000 $
- Fälligkeitsdatum: 28. Juni 2030
- Hebelfaktor für Aufwärtspotenzial: mindestens 1,71x
- Barrierebetrag: 70 % des Anfangswerts
Die Notes bieten eine erhöhte Aufwärtsbeteiligung, falls der Endwert den Anfangswert übersteigt, wobei Anleger das Kapital plus den gehebelt erzielten Indexertrag erhalten. Liegt der Endwert zwischen Barrierebetrag und Anfangswert, erhalten Anleger ihr Kapital zurück. Fällt der Endwert jedoch unter den Barrierebetrag, besteht ein erhebliches Abwärtsrisiko und Anleger könnten mehr als 30 % ihres Kapitals verlieren.
Wesentliche Risiken umfassen potenziellen Kapitalverlust, Kreditrisiko der Emittenten, keine Zinszahlungen sowie Marktrisiken im Zusammenhang mit Futures-Kontrakten. Der geschätzte Wert beträgt mindestens 900 $ pro 1.000 $ Nennwert.
- Leveraged upside potential with minimum 1.71x multiplier on positive index returns
- Downside protection buffer up to 30% loss in the underlying index
- Uncapped return potential allows for full participation in market upside beyond the leverage factor
- Full exposure to losses if index declines more than 30%, with potential for complete loss of principal
- No periodic interest payments or dividends during the 5-year term
- Credit risk exposure to both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
- Estimated value of notes ($900 per $1,000) is significantly lower than the issue price, indicating high embedded costs
La società finanziaria JPMorgan Chase offre Note Accelerate a Barriera Non Limitata di 5 anni collegate all'indice S&P 500 Futures Excess Return, garantite da JPMorgan Chase & Co. I termini principali includono:
- Taglio minimo: 1.000 $
- Data di scadenza: 28 giugno 2030
- Fattore di leva al rialzo: almeno 1,71x
- Importo barriera: 70% del valore iniziale
Le note offrono una partecipazione potenziata al rialzo se il valore finale supera quello iniziale, con gli investitori che ricevono il capitale più i rendimenti dell'indice moltiplicati per la leva. Se il valore finale si colloca tra l'importo barriera e il valore iniziale, gli investitori recuperano il capitale. Tuttavia, se il valore finale scende al di sotto della barriera, gli investitori si espongono a un rischio significativo di perdita e potrebbero perdere oltre il 30% del capitale investito.
I rischi principali includono la possibile perdita del capitale, il rischio di credito degli emittenti, l'assenza di pagamenti di interessi e i rischi di mercato legati ai contratti futures. Il valore stimato sarà almeno di 900 $ per ogni 1.000 $ di capitale investito.
La empresa financiera JPMorgan Chase ofrece Notas Aceleradas con Barrera Sin Límite a 5 años vinculadas al índice S&P 500 Futures Excess Return, garantizadas por JPMorgan Chase & Co. Los términos clave incluyen:
- Denominación mínima: 1,000 $
- Fecha de vencimiento: 28 de junio de 2030
- Factor de apalancamiento al alza: al menos 1,71x
- Cantidad de barrera: 70% del valor inicial
Las notas ofrecen una participación mejorada en la subida si el valor final supera el valor inicial, con los inversores recibiendo el principal más los rendimientos apalancados del índice. Si el valor final se encuentra entre la cantidad de barrera y el valor inicial, los inversores recuperan el principal. Sin embargo, si el valor final cae por debajo de la cantidad de barrera, los inversores enfrentan un riesgo significativo a la baja y podrían perder más del 30% del principal.
Los riesgos clave incluyen la posible pérdida del principal, riesgo crediticio de los emisores, ausencia de pagos de intereses y riesgos de mercado asociados con contratos de futuros. El valor estimado será al menos de 900 $ por cada 1,000 $ de principal.
JPMorgan Chase 금융회사는 S&P 500 선물 초과수익 지수에 연동된 5년 만기 무제한 가속 배리어 노트를 JPMorgan Chase & Co.가 보증하는 조건으로 제공합니다. 주요 조건은 다음과 같습니다:
- 최소 액면가: 1,000달러
- 만기일: 2030년 6월 28일
- 상승 레버리지 계수: 최소 1.71배
- 배리어 금액: 초기 가치의 70%
노트는 최종 가치가 초기 가치를 초과할 경우 향상된 상승 참여를 제공하며, 투자자는 원금과 레버리지된 지수 수익을 받습니다. 최종 가치가 배리어 금액과 초기 가치 사이에 있으면 투자자는 원금을 돌려받습니다. 그러나 최종 가치가 배리어 금액 아래로 떨어지면 상당한 하락 위험에 직면하며 원금의 30% 이상을 잃을 수 있습니다.
주요 위험으로는 원금 손실 가능성, 발행자 신용 위험, 이자 지급 없음, 선물 계약과 관련된 시장 위험이 포함됩니다. 추정 가치는 1,000달러 원금당 최소 900달러 이상입니다.
La société financière JPMorgan Chase propose des Notes à Barrière Accélérée Non Capped sur 5 ans liées à l'indice S&P 500 Futures Excess Return, garanties par JPMorgan Chase & Co. Les principaux termes incluent :
- Montant minimum : 1 000 $
- Date d'échéance : 28 juin 2030
- Facteur de levier à la hausse : au moins 1,71x
- Montant de la barrière : 70 % de la valeur initiale
Les notes offrent une participation accrue à la hausse si la valeur finale dépasse la valeur initiale, les investisseurs recevant le principal plus les rendements indexés avec effet de levier. Si la valeur finale se situe entre le montant de la barrière et la valeur initiale, les investisseurs récupèrent leur principal. Cependant, si la valeur finale tombe en dessous du montant de la barrière, les investisseurs s'exposent à un risque de perte important et pourraient perdre plus de 30 % de leur capital.
Les principaux risques comprennent la perte potentielle du capital, le risque de crédit des émetteurs, l'absence de paiements d'intérêts et les risques de marché liés aux contrats à terme. La valeur estimée sera d'au moins 900 $ pour chaque tranche de 1 000 $ de principal.
Die Finanzgesellschaft JPMorgan Chase bietet 5-jährige unbegrenzte beschleunigte Barriereschuldverschreibungen an, die an den S&P 500 Futures Excess Return Index gekoppelt sind und von JPMorgan Chase & Co. garantiert werden. Die wichtigsten Bedingungen sind:
- Mindestnennwert: 1.000 $
- Fälligkeitsdatum: 28. Juni 2030
- Hebelfaktor für Aufwärtspotenzial: mindestens 1,71x
- Barrierebetrag: 70 % des Anfangswerts
Die Notes bieten eine erhöhte Aufwärtsbeteiligung, falls der Endwert den Anfangswert übersteigt, wobei Anleger das Kapital plus den gehebelt erzielten Indexertrag erhalten. Liegt der Endwert zwischen Barrierebetrag und Anfangswert, erhalten Anleger ihr Kapital zurück. Fällt der Endwert jedoch unter den Barrierebetrag, besteht ein erhebliches Abwärtsrisiko und Anleger könnten mehr als 30 % ihres Kapitals verlieren.
Wesentliche Risiken umfassen potenziellen Kapitalverlust, Kreditrisiko der Emittenten, keine Zinszahlungen sowie Marktrisiken im Zusammenhang mit Futures-Kontrakten. Der geschätzte Wert beträgt mindestens 900 $ pro 1.000 $ Nennwert.
The following is a summary of the terms of the notes offered by the preliminary pricing supplement hyperlinked below. Summary of Terms Issuer: JPMorgan Chase Financial Company LLC Guarantor: JPMorgan Chase & Co. Minimum Denomination: $1,000 Index: S&P 500 ® Futures Excess Return Index Pricing Date: July 28, 2025 Observation Date: June 25, 2030 Maturity Date: June 28, 2030 Upside Leverage Factor: At least 1.71* Barrier Amount: 70.00% of the Initial Value Payment At Maturity: If the Final Value is greater than the Initial Value, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + ($1,000 î Index Return î Upside Leverage Factor) If the Final Value is equal to the Initial Value or is less than the Initial Value but greater than or equal to the Barrier Amount, you will receive the principal amount of your notes at maturity. If the Final Value is less than the Barrier Amount, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + ($1,000 î Index Return) If the Final Value is less than the Barrier Amount, you will lose more than 30.00% of your principal amount at maturity and could lose all of your principal amount at maturity. CUSIP: 48136FDM1 Preliminary Pricing Supplement: http://sp.jpmorgan.com/document/cusip/48136FDM1/doctype/Product_Termsheet/document.pdf Estimated Value: The estimated value of the notes, when the terms of the notes are set, will not be less than $900.00 per $1,000 principal amount note. For information about the estimated value of the notes, which likely will be lower than the price you paid for the notes, please see the hyperlink above. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC, as issuer of the notes, and t he credit risk of JPMorgan Chase & Co., as guarantor of the notes. * The actual Upside Leverage Factor will be provided in the pricing supplement and will not be less than 1.71. ** Reflects an Upside Leverage Factor equal to the minimum Upside Leverage Factor set forth herein for illustrative purposes. Capitalized terms used but not defined herein shall have the meanings set forth in the preliminary pricing supplement. The “total return” as used above is the number, expressed as a percentage, that results from comparing the payment at maturit y p er $1,000 principal amount note to $1,000. The hypothetical returns shown above apply only at maturity. These hypotheticals do not reflect fees or expenses that would b e a ssociated with any sale in the secondary market. If these fees and expenses were included, the hypothetical returns shown above would l ike ly be lower. J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com 5y SPXFP Uncapped Accelerated Barrier Notes H North America Structured Investments Hypothetical Total Returns** Total Return on the Notes Index Return Final Value 111.15% 65.00% 165.00 68.40% 40.00% 140.00 34.20% 20.00% 120.00 17.10% 10.00% 110.00 8.55% 5.00% 105.00 1.71% 1.00% 101.00 0.00% 0.00% 100.00 0.00% - 5.00% 95.00 0.00% - 10.00% 90.00 0.00% - 20.00% 80.00 0.00% - 30.00% 70.00 - 30.01% - 30.01% 69.99 - 40.00% - 40.00% 60.00 - 50.00% - 50.00% 50.00 - 60.00% - 60.00% 40.00 - 80.00% - 80.00% 20.00 - 100.00% - 100.00% 0.00
J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com Selected Risks • Your investment in the notes may result in a loss. The notes do not guarantee any return of principal. • Any payment on the notes is subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Therefore the value of the notes prior to maturity will be subject to changes in the market’s view of the creditworthiness of JPMorgan Chase Financial Company LLC or JPMorgan Chase & Co. • As a finance subsidiary, JPMorgan Chase Financial Company LLC has no independent operations and has limited assets. • The benefit provided by the Barrier Amount may terminate on the Observation Date. • No interest payments. • You will not have any rights to the E - Mini ® S&P 500 ® Futures Contracts (the “Underlying Futures Contracts”) or the securities included in the index underlying the Underlying Futures Contracts. • JPMorgan Chase & Co. is currently one of the companies that make up the S&P 500 ® Index, the index underlying the Underlying Futures Contracts of the Index. • The Index is subject to significant risks associated with the Underlying Futures Contracts. • Suspension or disruptions of market trading in the Underlying Futures Contracts may adversely affect the value of your notes. • The performance of the Index will differ from the performance of the index underlying the Underlying Futures Contracts. • Negative roll returns associated with the Underlying Futures Contracts may adversely affect the level of the Index and the value of the notes. • The Index comprises notional assets and liabilities. There is no actual portfolio of assets to which any person is entitled or in which any person has any ownership interest. Selected Risks (continued) • The estimated value of the notes will be lower than the original issue price (price to public) of the notes. • The estimated value of the notes does not represent future values and may differ from others’ estimates. • The estimated value of the notes is determined by reference to an internal funding rate. • The value of the notes, which may be reflected in customer account statements, may be higher than the then current estimated value of the notes for a limited time period. • Lack of liquidity: J.P. Morgan Securities LLC (who we refer to as JPMS) intends to offer to purchase the notes in the secondary market but is not required to do so. The price, if any, at which JPMS will be willing to purchase notes from you in the secondary market, if at all, may result in a significant loss of your principal. • Potential conflicts: We and our affiliates play a variety of roles in connection with the issuance of notes, including acting as calculation agent and hedging our obligations under the notes, and making the assumptions used to determine the pricing of the notes and the estimated value of the notes when the terms of the notes are set. It is possible that such hedging or other trading activities of J.P. Morgan or its affiliates could result in substantial returns for J.P. Morgan and its affiliates while the value of the notes declines. • The tax consequences of the notes may be uncertain. You should consult your tax adviser regarding the U.S. federal income tax consequences of an investment in the notes. Additional Information SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. have filed a registration statement (including a pr osp ectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that JPM organ Chase Financial Company LLC and JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and this offering. You may get the se documents without cost by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., any agent or any dealer participat ing in the this offering will arrange to send you the prospectus and each prospectus supplement, as well as any product supplement, underlying supplement and preliminary pricing supplement if you so request by cal ling toll - free 1 - 866 - 535 - 9248. IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion o f U .S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Cha se & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax - related penalties. Investment suitability must be determined individually for each investor, and the financial instruments described herein may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisers as to the se matters. This material is not a product of J.P. Morgan Research Departments. Free Writing Prospectus Filed Pursuant to Rule 433, Registration Statement Nos. 333 - 270004 and 333 - 270004 - 01 North America Structured Investments The risks identified above are not exhaustive. Please see “Risk Factors” in the prospectus supplement and the applicable prod uct supplement, Annex A to the prospectus addendum and “Selected Risk Considerations” in the applicable preliminary pricing supplement for additional information. 5y SPXFP Uncapped Accelerated Barrier Notes
FAQ
What is the maturity date for VYLD's structured notes?
What is the minimum investment amount for VYLD's notes and what's their CUSIP?
How is VYLD's payment at maturity calculated if the Final Value exceeds Initial Value?
What are the key risks of investing in VYLD's structured notes?
What happens if VYLD's Final Value falls below the Barrier Amount?
