[FWP] Inverse VIX Short-Term Futures ETNs due March 22, 2045 Free Writing Prospectus
JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 3-year Partial Principal at Risk Capped Notes linked to the Dow Jones Industrial Average (INDU).
- Key dates: Pricing 31 Jul 2025, Observation 31 Jul 2028, Maturity 03 Aug 2028.
- Denomination: $1,000 per note; minimum investment one note.
- Upside participation: 100% of any positive index return, but the Additional Amount is capped at a Maximum Amount of at least $246.50 (24.65% total return) per $1,000.
- Downside risk: If the index ends below its initial level, investors receive $1,000 + ($1,000 × Index Return), but never less than $950; maximum loss is therefore 5% of principal.
- Estimated value at issue: not less than $900 per $1,000 note, reflecting internal funding rates and dealer margins.
- Payments subject to credit risk of the issuer and guarantor; no interest, dividends or voting rights.
Risks highlighted include credit exposure to JPMorgan entities, limited secondary-market liquidity (dealer is not obligated to bid), potential conflicts in pricing and hedging, a gain cap that restricts upside, possible tax complexity, and the likelihood that secondary prices will be below issue price.
JPMorgan Chase Financial Company LLC, garantita da JPMorgan Chase & Co., offre Note a Capitale Parzialmente a Rischio con Limite a 3 anni collegate al Dow Jones Industrial Average (INDU).
- Date chiave: Prezzo 31 lug 2025, Osservazione 31 lug 2028, Scadenza 03 ago 2028.
- Taglio: $1.000 per nota; investimento minimo di una nota.
- Partecipazione al rialzo: 100% di qualsiasi rendimento positivo dell'indice, ma l'Importo Aggiuntivo è limitato a un Importo Massimo di almeno $246,50 (24,65% di rendimento totale) per ogni $1.000.
- Rischio al ribasso: Se l'indice termina sotto il livello iniziale, gli investitori ricevono $1.000 + ($1.000 × Rendimento dell'Indice), ma mai meno di $950; la perdita massima è quindi del 5% del capitale.
- Valore stimato all'emissione: non inferiore a $900 per ogni nota da $1.000, riflettendo i tassi interni di finanziamento e i margini del dealer.
- Pagamenti soggetti al rischio di credito dell'emittente e del garante; nessun interesse, dividendi o diritti di voto.
I rischi evidenziati includono l'esposizione creditizia verso entità JPMorgan, liquidità limitata nel mercato secondario (il dealer non è obbligato a fare offerte), potenziali conflitti nella determinazione del prezzo e nella copertura, un limite ai guadagni che restringe il potenziale rialzo, possibile complessità fiscale e la probabilità che i prezzi secondari siano inferiori al prezzo di emissione.
JPMorgan Chase Financial Company LLC, garantizada por JPMorgan Chase & Co., ofrece Notas con Capital Parcialmente en Riesgo y Tope a 3 años vinculadas al Dow Jones Industrial Average (INDU).
- Fechas clave: Precio 31 jul 2025, Observación 31 jul 2028, Vencimiento 03 ago 2028.
- Denominación: $1,000 por nota; inversión mínima de una nota.
- Participación al alza: 100% de cualquier rendimiento positivo del índice, pero el Monto Adicional está limitado a un Monto Máximo de al menos $246.50 (24.65% de rendimiento total) por cada $1,000.
- Riesgo a la baja: Si el índice termina por debajo del nivel inicial, los inversores reciben $1,000 + ($1,000 × Rendimiento del Índice), pero nunca menos de $950; la pérdida máxima es por lo tanto del 5% del capital.
- Valor estimado al momento de emisión: no menos de $900 por cada nota de $1,000, reflejando las tasas internas de financiamiento y los márgenes del distribuidor.
- Pagos sujetos al riesgo crediticio del emisor y garante; sin intereses, dividendos ni derechos de voto.
Riesgos destacados incluyen exposición crediticia a entidades de JPMorgan, liquidez limitada en el mercado secundario (el distribuidor no está obligado a ofertar), posibles conflictos en la fijación de precios y cobertura, un tope en las ganancias que limita el potencial al alza, posible complejidad fiscal y la probabilidad de que los precios secundarios estén por debajo del precio de emisión.
JPMorgan Chase Financial Company LLC는 JPMorgan Chase & Co.가 보증하며, Dow Jones Industrial Average (INDU)에 연계된 3년 만기 부분 원금 위험 제한 노트를 제공합니다.
- 주요 일정: 가격 책정 2025년 7월 31일, 관찰일 2028년 7월 31일, 만기 2028년 8월 3일.
- 액면가: 노트당 $1,000; 최소 투자 단위 1노트.
- 상승 참여율: 지수의 긍정적 수익률 100% 참여하나, 추가 금액은 최대 $246.50 (총 24.65% 수익률)로 제한됩니다.
- 하락 위험: 지수가 초기 수준 아래로 마감하면 투자자는 $1,000 + ($1,000 × 지수 수익률)를 받지만, 최소 $950는 보장됩니다; 최대 손실은 원금의 5%입니다.
- 발행 시 추정 가치: 내부 자금 조달 금리와 딜러 마진을 반영하여 노트당 $900 이상입니다.
- 지급은 발행자 및 보증인의 신용 위험에 노출되며, 이자, 배당금, 의결권은 없습니다.
주요 위험사항으로는 JPMorgan 관련 기관에 대한 신용 노출, 제한된 2차 시장 유동성(딜러는 입찰 의무 없음), 가격 책정 및 헤지에서의 잠재적 이해 상충, 수익 상한 제한, 복잡한 세무 문제 가능성, 그리고 2차 시장 가격이 발행가 이하일 가능성이 포함됩니다.
JPMorgan Chase Financial Company LLC, garantie par JPMorgan Chase & Co., propose des Notes à Capital Partiellement à Risque avec Plafond sur 3 ans liées au Dow Jones Industrial Average (INDU).
- Dates clés : Prix au 31 juil. 2025, Observation au 31 juil. 2028, Échéance au 3 août 2028.
- Valeur nominale : 1 000 $ par note ; investissement minimum d’une note.
- Participation à la hausse : 100 % de tout rendement positif de l’indice, mais le Montant Supplémentaire est plafonné à un Montant Maximum d’au moins 246,50 $ (24,65 % de rendement total) par tranche de 1 000 $.
- Risque à la baisse : Si l’indice clôture en dessous de son niveau initial, les investisseurs reçoivent 1 000 $ + (1 000 $ × Rendement de l’Indice), mais jamais moins de 950 $ ; la perte maximale est donc de 5 % du capital.
- Valeur estimée à l’émission : pas inférieure à 900 $ par note de 1 000 $, reflétant les taux internes de financement et les marges du teneur de marché.
- Les paiements sont soumis au risque de crédit de l’émetteur et du garant ; pas d’intérêts, de dividendes ni de droits de vote.
Risques mis en avant : exposition au risque de crédit des entités JPMorgan, liquidité limitée sur le marché secondaire (le teneur de marché n’est pas obligé d’acheter), conflits potentiels dans la tarification et la couverture, un plafond de gain limitant le potentiel à la hausse, complexité fiscale possible, et probabilité que les prix secondaires soient inférieurs au prix d’émission.
JPMorgan Chase Financial Company LLC, garantiert von JPMorgan Chase & Co., bietet 3-jährige Teilweise Kapital-auf-Risiko Capped Notes an, die an den Dow Jones Industrial Average (INDU) gekoppelt sind.
- Wichtige Termine: Preisstellung 31. Juli 2025, Beobachtung 31. Juli 2028, Fälligkeit 3. August 2028.
- Nennwert: $1.000 pro Note; Mindestanlage eine Note.
- Aufwärtsteilnahme: 100% aller positiven Indexrenditen, jedoch ist der zusätzliche Betrag begrenzt auf einen Maximalbetrag von mindestens $246,50 (24,65% Gesamtrendite) pro $1.000.
- Abwärtsrisiko: Liegt der Index am Ende unter dem Anfangswert, erhalten Anleger $1.000 + ($1.000 × Indexrendite), jedoch niemals weniger als $950; der maximale Verlust beträgt somit 5% des Kapitals.
- Geschätzter Wert bei Ausgabe: nicht weniger als $900 pro $1.000-Note, basierend auf internen Finanzierungskosten und Händler-Margen.
- Zahlungen unterliegen dem Kreditrisiko des Emittenten und Garantors; keine Zinsen, Dividenden oder Stimmrechte.
Hervorgehobene Risiken umfassen Kreditrisiken gegenüber JPMorgan-Einheiten, eingeschränkte Liquidität am Sekundärmarkt (Händler ist nicht zum Kauf verpflichtet), mögliche Interessenkonflikte bei Preisgestaltung und Absicherung, eine Gewinnobergrenze, die das Aufwärtspotenzial begrenzt, mögliche steuerliche Komplexität sowie die Wahrscheinlichkeit, dass Sekundärmarktpreise unter dem Ausgabepreis liegen.
- 95% principal protection limits maximum loss to 5% at maturity.
- 100% participation rate on index upside until the cap is reached.
- Issuer and guarantor are investment-grade JPMorgan entities, reducing default probability.
- Upside capped at a minimum 24.65%, limiting gains in strong markets.
- Investors face credit risk of JPMorgan; note value sensitive to spread widening.
- Estimated value ($≤900) below issue price implies immediate mark-to-market discount.
- Limited liquidity; dealer is not obliged to make a market, exposing holders to wider spreads.
- No interest, dividends or voting rights, reducing total return versus direct equity ownership.
Insights
TL;DR 95% principal protection with 24.65% upside cap; credit and liquidity risks place product in neutral risk-reward territory.
The note offers modest risk mitigation by guaranteeing at least $950 at maturity, attractive for investors seeking limited downside. A full 100% participation rate provides equity exposure, yet the upside is materially capped; even a 40% Dow gain is clipped to 24.65%. Estimated value bottoms at $900, implying a 10% placement premium that investors must overcome before profits. Credit exposure to JPMorgan remains investment-grade but is non-trivial over three years. Secondary liquidity relies solely on JPMS and may involve meaningful bid–ask spreads. Overall, neither structurally advantaged nor unduly risky, the note suits investors comfortable exchanging potential equity upside for slight principal protection.
TL;DR Limited 5% loss buffer is small; gain cap, credit exposure and valuation discount reduce attractiveness versus direct index investment.
From a risk perspective, the 5% buffer protects only shallow declines; any bear-market scenario beyond 5% leaves investors worse than holding plain equities. The gain cap truncates positive tail outcomes, impairing risk-adjusted returns. A 10% initial value discount signals embedded fees and hedging costs that investors effectively pre-pay. Should JPMorgan’s credit spread widen, note prices may fall independent of index performance. Liquidity contingency on a single dealer further compounds exit risk. Consequently, while outright capital loss is capped, the asymmetric payoff may not compensate for embedded costs and idiosyncratic issuer risk.
JPMorgan Chase Financial Company LLC, garantita da JPMorgan Chase & Co., offre Note a Capitale Parzialmente a Rischio con Limite a 3 anni collegate al Dow Jones Industrial Average (INDU).
- Date chiave: Prezzo 31 lug 2025, Osservazione 31 lug 2028, Scadenza 03 ago 2028.
- Taglio: $1.000 per nota; investimento minimo di una nota.
- Partecipazione al rialzo: 100% di qualsiasi rendimento positivo dell'indice, ma l'Importo Aggiuntivo è limitato a un Importo Massimo di almeno $246,50 (24,65% di rendimento totale) per ogni $1.000.
- Rischio al ribasso: Se l'indice termina sotto il livello iniziale, gli investitori ricevono $1.000 + ($1.000 × Rendimento dell'Indice), ma mai meno di $950; la perdita massima è quindi del 5% del capitale.
- Valore stimato all'emissione: non inferiore a $900 per ogni nota da $1.000, riflettendo i tassi interni di finanziamento e i margini del dealer.
- Pagamenti soggetti al rischio di credito dell'emittente e del garante; nessun interesse, dividendi o diritti di voto.
I rischi evidenziati includono l'esposizione creditizia verso entità JPMorgan, liquidità limitata nel mercato secondario (il dealer non è obbligato a fare offerte), potenziali conflitti nella determinazione del prezzo e nella copertura, un limite ai guadagni che restringe il potenziale rialzo, possibile complessità fiscale e la probabilità che i prezzi secondari siano inferiori al prezzo di emissione.
JPMorgan Chase Financial Company LLC, garantizada por JPMorgan Chase & Co., ofrece Notas con Capital Parcialmente en Riesgo y Tope a 3 años vinculadas al Dow Jones Industrial Average (INDU).
- Fechas clave: Precio 31 jul 2025, Observación 31 jul 2028, Vencimiento 03 ago 2028.
- Denominación: $1,000 por nota; inversión mínima de una nota.
- Participación al alza: 100% de cualquier rendimiento positivo del índice, pero el Monto Adicional está limitado a un Monto Máximo de al menos $246.50 (24.65% de rendimiento total) por cada $1,000.
- Riesgo a la baja: Si el índice termina por debajo del nivel inicial, los inversores reciben $1,000 + ($1,000 × Rendimiento del Índice), pero nunca menos de $950; la pérdida máxima es por lo tanto del 5% del capital.
- Valor estimado al momento de emisión: no menos de $900 por cada nota de $1,000, reflejando las tasas internas de financiamiento y los márgenes del distribuidor.
- Pagos sujetos al riesgo crediticio del emisor y garante; sin intereses, dividendos ni derechos de voto.
Riesgos destacados incluyen exposición crediticia a entidades de JPMorgan, liquidez limitada en el mercado secundario (el distribuidor no está obligado a ofertar), posibles conflictos en la fijación de precios y cobertura, un tope en las ganancias que limita el potencial al alza, posible complejidad fiscal y la probabilidad de que los precios secundarios estén por debajo del precio de emisión.
JPMorgan Chase Financial Company LLC는 JPMorgan Chase & Co.가 보증하며, Dow Jones Industrial Average (INDU)에 연계된 3년 만기 부분 원금 위험 제한 노트를 제공합니다.
- 주요 일정: 가격 책정 2025년 7월 31일, 관찰일 2028년 7월 31일, 만기 2028년 8월 3일.
- 액면가: 노트당 $1,000; 최소 투자 단위 1노트.
- 상승 참여율: 지수의 긍정적 수익률 100% 참여하나, 추가 금액은 최대 $246.50 (총 24.65% 수익률)로 제한됩니다.
- 하락 위험: 지수가 초기 수준 아래로 마감하면 투자자는 $1,000 + ($1,000 × 지수 수익률)를 받지만, 최소 $950는 보장됩니다; 최대 손실은 원금의 5%입니다.
- 발행 시 추정 가치: 내부 자금 조달 금리와 딜러 마진을 반영하여 노트당 $900 이상입니다.
- 지급은 발행자 및 보증인의 신용 위험에 노출되며, 이자, 배당금, 의결권은 없습니다.
주요 위험사항으로는 JPMorgan 관련 기관에 대한 신용 노출, 제한된 2차 시장 유동성(딜러는 입찰 의무 없음), 가격 책정 및 헤지에서의 잠재적 이해 상충, 수익 상한 제한, 복잡한 세무 문제 가능성, 그리고 2차 시장 가격이 발행가 이하일 가능성이 포함됩니다.
JPMorgan Chase Financial Company LLC, garantie par JPMorgan Chase & Co., propose des Notes à Capital Partiellement à Risque avec Plafond sur 3 ans liées au Dow Jones Industrial Average (INDU).
- Dates clés : Prix au 31 juil. 2025, Observation au 31 juil. 2028, Échéance au 3 août 2028.
- Valeur nominale : 1 000 $ par note ; investissement minimum d’une note.
- Participation à la hausse : 100 % de tout rendement positif de l’indice, mais le Montant Supplémentaire est plafonné à un Montant Maximum d’au moins 246,50 $ (24,65 % de rendement total) par tranche de 1 000 $.
- Risque à la baisse : Si l’indice clôture en dessous de son niveau initial, les investisseurs reçoivent 1 000 $ + (1 000 $ × Rendement de l’Indice), mais jamais moins de 950 $ ; la perte maximale est donc de 5 % du capital.
- Valeur estimée à l’émission : pas inférieure à 900 $ par note de 1 000 $, reflétant les taux internes de financement et les marges du teneur de marché.
- Les paiements sont soumis au risque de crédit de l’émetteur et du garant ; pas d’intérêts, de dividendes ni de droits de vote.
Risques mis en avant : exposition au risque de crédit des entités JPMorgan, liquidité limitée sur le marché secondaire (le teneur de marché n’est pas obligé d’acheter), conflits potentiels dans la tarification et la couverture, un plafond de gain limitant le potentiel à la hausse, complexité fiscale possible, et probabilité que les prix secondaires soient inférieurs au prix d’émission.
JPMorgan Chase Financial Company LLC, garantiert von JPMorgan Chase & Co., bietet 3-jährige Teilweise Kapital-auf-Risiko Capped Notes an, die an den Dow Jones Industrial Average (INDU) gekoppelt sind.
- Wichtige Termine: Preisstellung 31. Juli 2025, Beobachtung 31. Juli 2028, Fälligkeit 3. August 2028.
- Nennwert: $1.000 pro Note; Mindestanlage eine Note.
- Aufwärtsteilnahme: 100% aller positiven Indexrenditen, jedoch ist der zusätzliche Betrag begrenzt auf einen Maximalbetrag von mindestens $246,50 (24,65% Gesamtrendite) pro $1.000.
- Abwärtsrisiko: Liegt der Index am Ende unter dem Anfangswert, erhalten Anleger $1.000 + ($1.000 × Indexrendite), jedoch niemals weniger als $950; der maximale Verlust beträgt somit 5% des Kapitals.
- Geschätzter Wert bei Ausgabe: nicht weniger als $900 pro $1.000-Note, basierend auf internen Finanzierungskosten und Händler-Margen.
- Zahlungen unterliegen dem Kreditrisiko des Emittenten und Garantors; keine Zinsen, Dividenden oder Stimmrechte.
Hervorgehobene Risiken umfassen Kreditrisiken gegenüber JPMorgan-Einheiten, eingeschränkte Liquidität am Sekundärmarkt (Händler ist nicht zum Kauf verpflichtet), mögliche Interessenkonflikte bei Preisgestaltung und Absicherung, eine Gewinnobergrenze, die das Aufwärtspotenzial begrenzt, mögliche steuerliche Komplexität sowie die Wahrscheinlichkeit, dass Sekundärmarktpreise unter dem Ausgabepreis liegen.
North America Structured Investments 3yr Partial Principal at Risk Capped Notes linked to INDU The following is a summary of the terms of the notes offered by the preliminary pricing supplement hyperlinked below. Summary of Terms Issuer: Guarantor: Minimum Denomination: Underlying: Pricing Date: Observation Date: Maturity Date: Participation Rate: Maximum Amount: Additional Amount: Payment At Maturity: JPMorgan Chase Financial Company LLC JPMorgan Chase & Co. $1,000 Dow Jones Industrial Average ® July 31, 2025 July 31, 2028 August 03, 2028 100.00% At least $246.50 per $1,000 principal amount note* $1,000 î Underlying Return î Participation Rate, provided that the Additional Amount will not be greater than the Maximum Amount If the Final Value is greater than the Initial Value, at maturity, you will receive a cash payment, for each $1,000 principal amount note, of $1,000 plus the Additional Amount, which will not be greater than the Maximum Amount. If the Final Value is equal to or less than the Initial Value, your payment at maturity will be calculated as follows: $1,000 + ($1,000 î Underlying Return) In no event however, will the payment at maturity be less than $950.00 per $1,000 principal amount note. If the Final Value is less than the Initial Value, you will lose up to 5.00% of your principal amount at maturity. You are entitled to repayment of at least $950.00 per $1,000 principal amount note at maturity, subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. 48136FDU3 CUSIP: Preliminary Pricing Supplement: Estimated Value: http://sp.jpmorgan.com/document/cusip/48136FDU3/doctype/Product_Termsheet/document.pdf 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, 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 the credit risk of JPMorgan Chase & Co., as guarantor of the notes. * The actual Maximum Amount will be provided in the pricing supplement and will not be less than $246.50 per $1,000 principal amount note. **Reflects Maximum Amount equal to the minimum Maximum Amount set forth herein, for illustrative purposes. The “total return” as used above is the number, expressed as a percentage, that results from comparing the payment at maturity per $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 be associated with any sale in the secondary market. If these fees and expenses were included, the hypothetical returns shown above would likely be lower. Hypothetical Returns on the Notes at Maturity** Underlying Performance Note Payoff at Maturity Payment at Maturity Underlying Return Total Return on the Notes Underlying Return Final Value 24.65% 65.00% 165.00 24.65% 40.00% 140.00 24.65% 24.65% 124.65 20.00% 20.00% 120.00 10.00% 10.00% 110.00 5.00% 5.00% 105.00 0.00% 0.00% 100.00 - 1.00% - 1.00% 99.00 - 5.00% - 5.00% 95.00 - 5.00% - 10.00% 90.00 - 5.00% - 20.00% 80.00 - 5.00% - 40.00% 60.00 - 5.00% - 80.00% 20.00 - 5.00% - 100.00% 0.00 J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com
North America Structured Investments 3yr Partial Principal at Risk Capped Notes linked to INDU Ɣ Ɣ Ɣ The notes may not pay more than 95.00% of the principal amount at maturity. Your maximum gain on the notes is limited by the Maximum Amount. Any payment on the notes at maturity 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. No interest payments, dividend payments or voting rights. JPMorgan Chase & Co. is currently one of the companies that make up the Dow Jones Industrial Average TM . As a finance subsidiary, JPMorgan Chase Financial Company LLC has no independent operations and has limited assets. Selected Risks Selected Risks (continued) Ɣ Ɣ Ɣ Ɣ 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 is determined by reference to an internal funding rate. The estimated value of the notes does not represent future values and may differ from others’ estimates. 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. Ɣ Ɣ Ɣ Ɣ Ɣ Ɣ The risks identified above are not exhaustive. Please see “Risk Factors” in the prospectus supplement and the applicable product supplement, Annex A to the prospectus addendum and “Selected Risk Considerations” in the applicable preliminary pricing supplement for additional information. Additional Information 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, underlying supplement and preliminary pricing supplement if you so request by calling toll - free 1 - 866 - 535 - 9248. IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of 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 Chase & 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 these 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 J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com
FAQ
What is the minimum repayment investors will receive at maturity?
How is the upside on the Dow Jones Industrial Average captured?
What is the Maximum Amount on these JPMorgan notes?
Do the notes pay interest or dividends during the three-year term?
Can I sell the notes before August 3, 2028?
What credit risks apply to these Partial Principal at Risk Notes?
