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[FWP] Inverse VIX Short-Term Futures ETNs due March 22, 2045 Free Writing Prospectus

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
FWP
Rhea-AI Filing Summary

JPMorgan Chase Financial Company LLC is marketing $1,000-denominated Market-Linked Securities linked to NVIDIA Corporation (NVDA) common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The 1-year notes pay a contingent monthly coupon of at least 16.40% per annum only when NVDA’s closing price on the relevant calculation day is at or above 70% of the starting price. Beginning in December 2025, the securities auto-call at par plus the final coupon if NVDA is at or above the starting price on any monthly observation through May 2026. If not called, holders receive par at maturity on 6 Jul 2026 provided NVDA finishes ≥70% of the starting price; otherwise, principal is reduced one-for-one with the stock’s loss below that threshold, exposing investors to losses greater than 30% and up to 100%.

The securities carry issuer and guarantor credit risk, pay distribution fees up to 1.575%, and have an estimated initial value of approximately $969.20, below the $1,000 issue price. No dividend participation, voting rights, or secondary-market liquidity is assured.

JPMorgan Chase Financial Company LLC offre titoli Market-Linked denominati in tagli da 1.000 dollari, collegati alle azioni ordinarie di NVIDIA Corporation (NVDA), garantiti in modo pieno e incondizionato da JPMorgan Chase & Co.

I titoli con scadenza a 1 anno pagano un coupon mensile condizionato di almeno il 16,40% annuo solo se il prezzo di chiusura di NVDA nel giorno di calcolo rilevante è pari o superiore al 70% del prezzo iniziale. A partire da dicembre 2025, i titoli si estinguono automaticamente a valore nominale più l’ultimo coupon se NVDA è pari o superiore al prezzo iniziale in una qualsiasi delle osservazioni mensili fino a maggio 2026. Se non estinti anticipatamente, alla scadenza del 6 luglio 2026 i detentori ricevono il valore nominale se NVDA chiude ≥70% del prezzo iniziale; in caso contrario, il capitale è ridotto proporzionalmente alla perdita del titolo sotto tale soglia, esponendo gli investitori a perdite superiori al 30% fino al 100%.

I titoli comportano un rischio di credito dell’emittente e del garante, prevedono commissioni di distribuzione fino all’1,575% e hanno un valore iniziale stimato di circa 969,20 dollari, inferiore al prezzo di emissione di 1.000 dollari. Non è garantita la partecipazione ai dividendi, né diritti di voto o liquidità sul mercato secondario.

JPMorgan Chase Financial Company LLC está comercializando valores vinculados al mercado denominados en $1,000, ligados a las acciones ordinarias de NVIDIA Corporation (NVDA), totalmente y incondicionalmente garantizados por JPMorgan Chase & Co.

Los bonos a 1 año pagan un cupón mensual contingente de al menos 16.40% anual solo cuando el precio de cierre de NVDA en el día de cálculo relevante está en o por encima del 70% del precio inicial. A partir de diciembre de 2025, los valores se rescatan automáticamente al valor nominal más el cupón final si NVDA está en o por encima del precio inicial en cualquier observación mensual hasta mayo de 2026. Si no se rescatan, los tenedores reciben el valor nominal al vencimiento el 6 de julio de 2026 siempre que NVDA cierre ≥70% del precio inicial; de lo contrario, el principal se reduce uno a uno con la pérdida de la acción por debajo de ese umbral, exponiendo a los inversores a pérdidas superiores al 30% y hasta el 100%.

Los valores conllevan riesgo crediticio del emisor y garante, pagan comisiones de distribución de hasta 1.575% y tienen un valor inicial estimado de aproximadamente $969.20, inferior al precio de emisión de $1,000. No se asegura participación en dividendos, derechos de voto ni liquidez en el mercado secundario.

JPMorgan Chase Financial Company LLC는 NVIDIA Corporation (NVDA) 보통주에 연동된 $1,000 단위의 시장 연계 증권을 판매하며, 이는 JPMorgan Chase & Co.가 전액 무조건 보증합니다.

1년 만기 노트는 NVDA의 해당 산정일 종가가 시작 가격의 70% 이상일 때에만 연 16.40% 이상의 조건부 월별 쿠폰을 지급합니다. 2025년 12월부터 2026년 5월까지 매월 관찰일에 NVDA가 시작 가격 이상일 경우, 증권은 액면가와 최종 쿠폰을 포함하여 자동 상환됩니다. 상환되지 않을 경우, 2026년 7월 6일 만기 시 NVDA가 시작 가격의 70% 이상이면 액면가를 지급하나, 그렇지 않으면 주가 하락분에 따라 원금이 1:1 비율로 감소하여 투자자는 30% 이상 최대 100%까지 손실 위험에 노출됩니다.

이 증권은 발행자 및 보증인의 신용 위험이 있으며, 최대 1.575%의 배포 수수료가 부과되고, 예상 초기 가치는 약 $969.20로 $1,000 발행가보다 낮습니다. 배당 참여, 의결권, 또는 2차 시장 유동성은 보장되지 않습니다.

JPMorgan Chase Financial Company LLC commercialise des titres Market-Linked libellés en coupures de 1 000 $ liés aux actions ordinaires de NVIDIA Corporation (NVDA), entièrement et inconditionnellement garantis par JPMorgan Chase & Co.

Les billets à 1 an versent un coupon mensuel conditionnel d’au moins 16,40 % par an uniquement si le cours de clôture de NVDA le jour de calcul pertinent est égal ou supérieur à 70 % du prix de départ. À partir de décembre 2025, les titres sont automatiquement remboursés à leur valeur nominale plus le coupon final si NVDA est au moins au prix de départ lors de toute observation mensuelle jusqu’en mai 2026. En cas de non remboursement anticipé, les détenteurs reçoivent la valeur nominale à l’échéance le 6 juillet 2026, à condition que NVDA termine ≥70 % du prix de départ ; sinon, le capital est réduit au prorata des pertes de l’action sous ce seuil, exposant les investisseurs à des pertes supérieures à 30 % et pouvant aller jusqu’à 100 %.

Ces titres comportent un risque de crédit de l’émetteur et du garant, des frais de distribution pouvant atteindre 1,575 %, et une valeur initiale estimée à environ 969,20 $, inférieure au prix d’émission de 1 000 $. Il n’y a aucune garantie de participation aux dividendes, de droits de vote ou de liquidité sur le marché secondaire.

JPMorgan Chase Financial Company LLC bietet marktgebundene Wertpapiere mit einem Nennwert von 1.000 USD an, die an die Stammaktien der NVIDIA Corporation (NVDA) gekoppelt sind und von JPMorgan Chase & Co. vollständig und bedingungslos garantiert werden.

Die 1-Jahres-Anleihen zahlen einen bedingten monatlichen Kupon von mindestens 16,40 % p.a., jedoch nur, wenn der Schlusskurs von NVDA am relevanten Berechnungstag mindestens 70 % des Startkurses erreicht oder übersteigt. Ab Dezember 2025 werden die Wertpapiere automatisch zum Nennwert plus dem letzten Kupon zurückgezahlt, wenn NVDA an einem monatlichen Beobachtungstag bis Mai 2026 auf oder über dem Startpreis liegt. Wird nicht zurückgezahlt, erhalten die Inhaber bei Fälligkeit am 6. Juli 2026 den Nennwert, sofern NVDA ≥70 % des Startpreises schließt; andernfalls wird das Kapital eins zu eins mit dem Kursverlust unter dieser Schwelle reduziert, wodurch Anleger Verluste von mehr als 30 % bis zu 100 % erleiden können.

Die Wertpapiere beinhalten ein Emittenten- und Garantiegeber-Kreditrisiko, es fallen Vertriebsgebühren von bis zu 1,575 % an, und der geschätzte Anfangswert liegt bei etwa 969,20 USD, unter dem Ausgabepreis von 1.000 USD. Es besteht keine Garantie für Dividendenbeteiligung, Stimmrechte oder Liquidität am Sekundärmarkt.

Positive
  • High contingent coupon of at least 16.40% per annum if NVDA stays at or above 70% of the starting price on observation dates.
  • 30% downside buffer through the 70% threshold mitigates moderate price declines before principal loss begins.
  • Automatic call feature enables early return of capital plus coupon if NVDA trades at or above the starting price from Dec-25 to May-26.
Negative
  • Principal at risk: investors lose more than 30%, potentially all, of principal if NVDA ends below the 70% threshold.
  • No participation in stock upside beyond contingent coupons, limiting total return.
  • Credit and liquidity risk: unsecured obligation of JPMorgan Financial; secondary-market trading may be limited and priced below $1,000.
  • Estimated value ($969.20) is materially below issue price, reflecting embedded distribution fees up to 1.575% and dealer margin.

Insights

TL;DR – High coupon but high risk; neutral impact as this is a routine structured-note issuance targeting yield-seeking retail investors.

The note offers an eye-catching ≥16.40% contingent coupon and a 30% downside buffer, but investors give up all upside beyond coupons and face full downside if NVDA falls below the 70% threshold at final observation. Automatic call from December 2025 limits duration risk yet caps income potential. Credit exposure to JPMorgan is investment-grade, though the security’s estimated value (≈ $969.20) highlights embedded fees and dealer margin. For JPM, the issuance is immaterial to earnings; for investors, suitability hinges on NVDA volatility expectations and tolerance for principal risk. Overall market impact is negligible, so I assign a neutral rating.

JPMorgan Chase Financial Company LLC offre titoli Market-Linked denominati in tagli da 1.000 dollari, collegati alle azioni ordinarie di NVIDIA Corporation (NVDA), garantiti in modo pieno e incondizionato da JPMorgan Chase & Co.

I titoli con scadenza a 1 anno pagano un coupon mensile condizionato di almeno il 16,40% annuo solo se il prezzo di chiusura di NVDA nel giorno di calcolo rilevante è pari o superiore al 70% del prezzo iniziale. A partire da dicembre 2025, i titoli si estinguono automaticamente a valore nominale più l’ultimo coupon se NVDA è pari o superiore al prezzo iniziale in una qualsiasi delle osservazioni mensili fino a maggio 2026. Se non estinti anticipatamente, alla scadenza del 6 luglio 2026 i detentori ricevono il valore nominale se NVDA chiude ≥70% del prezzo iniziale; in caso contrario, il capitale è ridotto proporzionalmente alla perdita del titolo sotto tale soglia, esponendo gli investitori a perdite superiori al 30% fino al 100%.

I titoli comportano un rischio di credito dell’emittente e del garante, prevedono commissioni di distribuzione fino all’1,575% e hanno un valore iniziale stimato di circa 969,20 dollari, inferiore al prezzo di emissione di 1.000 dollari. Non è garantita la partecipazione ai dividendi, né diritti di voto o liquidità sul mercato secondario.

JPMorgan Chase Financial Company LLC está comercializando valores vinculados al mercado denominados en $1,000, ligados a las acciones ordinarias de NVIDIA Corporation (NVDA), totalmente y incondicionalmente garantizados por JPMorgan Chase & Co.

Los bonos a 1 año pagan un cupón mensual contingente de al menos 16.40% anual solo cuando el precio de cierre de NVDA en el día de cálculo relevante está en o por encima del 70% del precio inicial. A partir de diciembre de 2025, los valores se rescatan automáticamente al valor nominal más el cupón final si NVDA está en o por encima del precio inicial en cualquier observación mensual hasta mayo de 2026. Si no se rescatan, los tenedores reciben el valor nominal al vencimiento el 6 de julio de 2026 siempre que NVDA cierre ≥70% del precio inicial; de lo contrario, el principal se reduce uno a uno con la pérdida de la acción por debajo de ese umbral, exponiendo a los inversores a pérdidas superiores al 30% y hasta el 100%.

Los valores conllevan riesgo crediticio del emisor y garante, pagan comisiones de distribución de hasta 1.575% y tienen un valor inicial estimado de aproximadamente $969.20, inferior al precio de emisión de $1,000. No se asegura participación en dividendos, derechos de voto ni liquidez en el mercado secundario.

JPMorgan Chase Financial Company LLC는 NVIDIA Corporation (NVDA) 보통주에 연동된 $1,000 단위의 시장 연계 증권을 판매하며, 이는 JPMorgan Chase & Co.가 전액 무조건 보증합니다.

1년 만기 노트는 NVDA의 해당 산정일 종가가 시작 가격의 70% 이상일 때에만 연 16.40% 이상의 조건부 월별 쿠폰을 지급합니다. 2025년 12월부터 2026년 5월까지 매월 관찰일에 NVDA가 시작 가격 이상일 경우, 증권은 액면가와 최종 쿠폰을 포함하여 자동 상환됩니다. 상환되지 않을 경우, 2026년 7월 6일 만기 시 NVDA가 시작 가격의 70% 이상이면 액면가를 지급하나, 그렇지 않으면 주가 하락분에 따라 원금이 1:1 비율로 감소하여 투자자는 30% 이상 최대 100%까지 손실 위험에 노출됩니다.

이 증권은 발행자 및 보증인의 신용 위험이 있으며, 최대 1.575%의 배포 수수료가 부과되고, 예상 초기 가치는 약 $969.20로 $1,000 발행가보다 낮습니다. 배당 참여, 의결권, 또는 2차 시장 유동성은 보장되지 않습니다.

JPMorgan Chase Financial Company LLC commercialise des titres Market-Linked libellés en coupures de 1 000 $ liés aux actions ordinaires de NVIDIA Corporation (NVDA), entièrement et inconditionnellement garantis par JPMorgan Chase & Co.

Les billets à 1 an versent un coupon mensuel conditionnel d’au moins 16,40 % par an uniquement si le cours de clôture de NVDA le jour de calcul pertinent est égal ou supérieur à 70 % du prix de départ. À partir de décembre 2025, les titres sont automatiquement remboursés à leur valeur nominale plus le coupon final si NVDA est au moins au prix de départ lors de toute observation mensuelle jusqu’en mai 2026. En cas de non remboursement anticipé, les détenteurs reçoivent la valeur nominale à l’échéance le 6 juillet 2026, à condition que NVDA termine ≥70 % du prix de départ ; sinon, le capital est réduit au prorata des pertes de l’action sous ce seuil, exposant les investisseurs à des pertes supérieures à 30 % et pouvant aller jusqu’à 100 %.

Ces titres comportent un risque de crédit de l’émetteur et du garant, des frais de distribution pouvant atteindre 1,575 %, et une valeur initiale estimée à environ 969,20 $, inférieure au prix d’émission de 1 000 $. Il n’y a aucune garantie de participation aux dividendes, de droits de vote ou de liquidité sur le marché secondaire.

JPMorgan Chase Financial Company LLC bietet marktgebundene Wertpapiere mit einem Nennwert von 1.000 USD an, die an die Stammaktien der NVIDIA Corporation (NVDA) gekoppelt sind und von JPMorgan Chase & Co. vollständig und bedingungslos garantiert werden.

Die 1-Jahres-Anleihen zahlen einen bedingten monatlichen Kupon von mindestens 16,40 % p.a., jedoch nur, wenn der Schlusskurs von NVDA am relevanten Berechnungstag mindestens 70 % des Startkurses erreicht oder übersteigt. Ab Dezember 2025 werden die Wertpapiere automatisch zum Nennwert plus dem letzten Kupon zurückgezahlt, wenn NVDA an einem monatlichen Beobachtungstag bis Mai 2026 auf oder über dem Startpreis liegt. Wird nicht zurückgezahlt, erhalten die Inhaber bei Fälligkeit am 6. Juli 2026 den Nennwert, sofern NVDA ≥70 % des Startpreises schließt; andernfalls wird das Kapital eins zu eins mit dem Kursverlust unter dieser Schwelle reduziert, wodurch Anleger Verluste von mehr als 30 % bis zu 100 % erleiden können.

Die Wertpapiere beinhalten ein Emittenten- und Garantiegeber-Kreditrisiko, es fallen Vertriebsgebühren von bis zu 1,575 % an, und der geschätzte Anfangswert liegt bei etwa 969,20 USD, unter dem Ausgabepreis von 1.000 USD. Es besteht keine Garantie für Dividendenbeteiligung, Stimmrechte oder Liquidität am Sekundärmarkt.

JPMorgan Chase Financial Company LLC

Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.

Market Linked Securities

Filed Pursuant to Rule 433

Registration Statement Nos. 333-270004 and 333-270004-01

 

 

Market Linked Securities—Auto-Callable with Contingent Coupon and Contingent Downside

Principal at Risk Securities Linked to the Common Stock of NVIDIA Corporation due July 6, 2026

Fact Sheet dated June 25, 2025 to Preliminary Pricing Supplement dated June 25, 2025

Summary of Terms

Issuer: JPMorgan Chase Financial Company LLC
Guarantor: JPMorgan Chase & C0.
Underlying Stock: The common stock of NVIDIA Corporation (Bloomberg ticker: NVDA)
Pricing Date1: June 30, 2025
Issue Date1: July 3, 2025
Stated Maturity Date1, 2: July 6, 2026
Principal Amount: $1,000 per security (100% of par)
Contingent Coupon Payment:

On each contingent coupon payment date, you will receive a contingent coupon payment at a per annum rate equal to the contingent coupon rate if, and only if, the stock closing price of the Underlying Stock on the related calculation day is greater than or equal to the threshold price. Each “contingent coupon payment,” if any, will be calculated per security as follows:

($1,000 × contingent coupon rate) / 12

Contingent Coupon Payment Dates1, 2: Monthly, on the third business day following each calculation day, provided that the contingent coupon payment date with respect to the final calculation day will be the stated maturity date
Contingent Coupon Rate: At least 16.40% per annum (to be provided in the pricing supplement)
Automatic Call: If the stock closing price of the Underlying Stock on any of the calculation days from December 2025 to May 2026, inclusive, is greater than or equal to the starting price, the securities will be automatically called, and on the related call settlement date you will be entitled to receive a cash payment per security in U.S. dollars equal to the principal amount per security plus a final contingent coupon payment.  
Calculation Days1, 2: Monthly, on the 28th day of each month, commencing July 2025 and ending June 2026, provided that the June 2026 calculation day will be June 30, 2026.  We refer to June 30, 2026 as the “final calculation day.”
Call Settlement Date1, 2: Three business days after the applicable calculation day
Maturity Payment Amount (per security):

If the securities are not automatically called:

·  If the ending price is greater than or equal to the threshold price: $1,000; or

·  If the ending price is less than the threshold price:

$1,000 + ($1,000 × stock return)

Starting Price: The stock closing price of the Underlying Stock on the pricing date
Ending Price: The stock closing price of the Underlying Stock on the final calculation day
Stock Return: (ending price – starting price) / starting price
Threshold Price: 70% of the starting price
Calculation Agent: J.P. Morgan Securities LLC (“JPMS”)
Denominations: $1,000 and any integral multiple of $1,000
CUSIP: 48136E4R3

Summary of Terms (continued)

Fees and Commissions: Up to 1.575% for Wells Fargo Securities, LLC (“WFS”); WFS has advised us that dealers, including Wells Fargo Advisors (“WFA”), may receive 1.00% of WFS’s fee, and WFA may also receive a distribution expense fee of 0.075%.  In addition, with respect of certain securities sold in this offering, JPMS may pay a fee of up to 0.20% to selected dealers in consideration for marketing and other services in connection with the distribution of the securities to other dealers.
Tax Considerations: See the preliminary pricing supplement.

1 Subject to change

2 Subject to postponement

Hypothetical Payout Profile (Maturity Payment Amount)

 

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If the securities are not automatically called prior to maturity and the ending price is less than the threshold price, you will lose more than 30%, and possibly all, of the principal amount of your securities at maturity.

Any return on the securities will be limited to the sum of your contingent coupon payments, if any. You will not participate in any appreciation of the Underlying Stock, but you will have full downside exposure to the Underlying Stock on the final calculation day if the ending price is less than the threshold price.

The securities are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to as JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co. Any payment on the securities is subject to the credit risk of JPMorgan Financial, as issuer of the securities, and the credit risk of JPMorgan Chase & Co., as guarantor of the securities.

If the securities priced on the date of the accompanying preliminary pricing supplement, the estimated value of the securities would be approximately $969.20 per security. The estimated value of the securities, when the terms of the securities are set, will be provided in the pricing supplement and will not be less than $940.00 per security. See “The Estimated Value of the Securities” in the preliminary pricing supplement for additional information.

Preliminary Pricing Supplement: http://www.sec.gov/Archives/edgar/data/19617/000121390025057547/
ea0246924-01_424b2.htm

The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Risk Factors” in the accompanying prospectus supplement and the accompanying product supplement, Annex A to the accompanying prospectus addendum and “Selected Risk Considerations” in the accompanying preliminary pricing supplement.

The securities are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank.

THIS FACT SHEET DOES NOT PROVIDE ALL OF THE INFORMATION THAT AN INVESTOR SHOULD CONSIDER PRIOR TO MAKING AN INVESTMENT DECISION. This fact sheet should be read in conjunction with the accompanying preliminary pricing supplement, prospectus, prospectus supplement, prospectus addendum and product supplement.

Selected Risk Considerations

The risks set forth below are discussed in detail in the “Selected Risk Considerations” section in the accompanying preliminary pricing supplement, the “Risk Factors” sections in the accompanying prospectus supplement and product supplement and Annex A to the accompanying prospectus addendum. Please review the risk disclosure carefully.

·      If the Securities Are Not Automatically Called and the Ending Price Is Less Than the Threshold Price, You Will Lose More Than 30%, and Possibly All, of the Principal Amount of Your Securities at Maturity.

·      The Securities Do Not Guarantee the Payment of Interest and May Not Pay Any Interest at All.

·      The Potential Return on the Securities Is Limited to the Sum of Any Contingent Coupon Payments and You Will Not Participate in Any Appreciation of the Underlying Stock.

·     You Will Be Subject to Reinvestment Risk.

·      The Securities Are Subject to the Credit Risks of JPMorgan Financial and JPMorgan Chase & Co.

·      As a Finance Subsidiary, JPMorgan Financial Has No Independent Operations and Has Limited Assets.

·      Higher Contingent Coupon Rates Are Associated with Greater Risk.

·      The Benefit Provided by the Threshold Price May Terminate on the Final Calculation Day.

·      No Dividend Payments or Voting Rights.

·      Lack of Liquidity.

·      The Final Terms and Estimated Valuation of the Securities Will Be Provided in the Pricing Supplement.

·      The U.S. Federal Tax Consequences of the Securities Are Uncertain, and May Be Adverse to a Holder of the Securities.

·      Potential Conflicts.

·      The Estimated Value of the Securities Will Be Lower Than the Original Issue Price (Price to Public) of the Securities.

·      The Estimated Value of the Securities Does Not Represent Future Values of the Securities and May Differ from Others’ Estimates.

·      The Estimated Value of the Securities Is Derived by Reference to an Internal Funding Rate.

·      The Value of the Securities as Published by JPMS (and Which May Be Reflected on Customer Account Statements) May Be Higher Than the Then-Current Estimated Value of the Securities for a Limited Time Period.

·      Secondary Market Prices of the Securities Will Likely Be Lower Than the Original Issue Price of the Securities.

·      Many Economic and Market Factors Will Impact the Value of the Securities.

·      No Affiliation with the Underlying Stock Issuer.

·      The Anti-Dilution Protection Is Limited and May Be Discretionary.

·      Any Payment on the Securities Will Depend upon the Performance of the Underlying Stock and Therefore the Securities Are Subject to the Risks Associated with the Underlying Stock, Each as Discussed in the Accompanying Preliminary Pricing Supplement and Product Supplement.

 

 

 

 

SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. have filed a registration statement (including a prospectus) 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 JPMorgan 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 these 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 participating in this offering will arrange to send you the prospectus and each prospectus supplement as well as any product supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248.

As used in this fact sheet, “we,” “us” and “our” refer to JPMorgan Financial Company LLC. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

 

FAQ

What is the contingent coupon rate on JPMorgan's NVDA-linked Market-Linked Securities?

The rate is at least 16.40% per annum, paid monthly only if NVDA closes at or above 70% of the starting price on the calculation day.

When can the securities be automatically called?

On any monthly calculation day from December 2025 through May 2026 if NVDA closes at or above the starting price.

How much principal protection do investors have at maturity?

Investors are protected only down to the 70% threshold; below that they lose principal one-for-one with NVDA’s decline.

What is the stated maturity date of the notes?

The notes mature on July 6, 2026, unless automatically called earlier.

What fees are embedded in the offering?

Distribution fees are up to 1.575%, including dealer and marketing allowances; the estimated value of each note is about $969.20.
Inverse VIX S/T Futs ETNs due Mar22,2045

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