[FWP] Inverse VIX Short-Term Futures ETNs due March 22, 2045 Free Writing Prospectus
JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities that mature on July 9, 2026. The $1,000-denominated notes provide leveraged upside participation of at least 127.35% in the lowest performing of four equity indices (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Investors receive: (1) par plus leveraged upside if that index ends above its start level; (2) full principal return if the index ends between 85% and 100% of its start level; or (3) a dollar-for-dollar loss beyond a 15% buffer, exposing holders to up to 85% principal loss.
The notes are unsecured, unsubordinated obligations of the issuer and carry both issuer and guarantor credit risk. An indicative estimated value of $961.90 (96.19% of par) highlights built-in selling concessions and hedging costs. Up-front distribution fees reach 2.325%; selected dealers may receive additional 0.20% for marketing.
Key risks disclosed include potential loss of principal, lack of periodic interest, limited secondary liquidity, pricing transparency concerns, uncertain tax treatment, and potential conflicts of interest—as well as the structural reliance on the worst-performing index. Investors should review the accompanying preliminary pricing supplement, prospectus and risk factors before investing.
JPMorgan Chase Financial Company LLC, garantita integralmente da JPMorgan Chase & Co., offre Market Linked Securities con scadenza il 9 luglio 2026. Le obbligazioni denominate $1.000 offrono una partecipazione al rialzo con leva di almeno il 127,35% sull'indice azionario con la performance più bassa tra quattro indici (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Gli investitori ricevono: (1) il valore nominale più la partecipazione al rialzo con leva se l'indice termina sopra il livello iniziale; (2) il rimborso completo del capitale se l'indice termina tra l'85% e il 100% del livello iniziale; oppure (3) una perdita pari al valore in dollari oltre una protezione del 15%, esponendo quindi a una perdita massima dell'85% del capitale.
Le obbligazioni sono obbligazioni non garantite e non subordinate dell'emittente, comportando rischi di credito sia dell'emittente che del garante. Un valore stimato indicativo di $961,90 (96,19% del valore nominale) riflette commissioni di vendita incorporate e costi di copertura. Le commissioni di distribuzione iniziali raggiungono il 2,325%; alcuni dealer selezionati possono ricevere un ulteriore 0,20% per attività di marketing.
I principali rischi includono la possibile perdita del capitale, l'assenza di interessi periodici, la limitata liquidità secondaria, la scarsa trasparenza dei prezzi, l'incertezza fiscale e potenziali conflitti di interesse, oltre alla dipendenza strutturale dall'indice peggiore. Si raccomanda agli investitori di consultare il supplemento informativo preliminare, il prospetto e i fattori di rischio prima di investire.
JPMorgan Chase Financial Company LLC, garantizado completamente por JPMorgan Chase & Co., ofrece Valores Vinculados al Mercado que vencen el 9 de julio de 2026. Los bonos denominados en $1,000 ofrecen una participación al alza apalancada de al menos el 127.35% en el índice de menor rendimiento entre cuatro índices bursátiles (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Los inversionistas reciben: (1) el valor nominal más la participación apalancada si el índice termina por encima de su nivel inicial; (2) el reembolso total del principal si el índice termina entre el 85% y el 100% de su nivel inicial; o (3) una pérdida dólar por dólar más allá de un amortiguador del 15%, exponiendo a los tenedores a una pérdida máxima del 85% del principal.
Los bonos son obligaciones no garantizadas y no subordinadas del emisor y conllevan riesgos crediticios tanto del emisor como del garante. Un valor estimado indicativo de $961.90 (96.19% del valor nominal) refleja concesiones de venta incorporadas y costos de cobertura. Las comisiones iniciales de distribución alcanzan el 2.325%; algunos distribuidores seleccionados pueden recibir un 0.20% adicional por marketing.
Los riesgos clave incluyen la posible pérdida del capital, la ausencia de intereses periódicos, la liquidez secundaria limitada, preocupaciones sobre la transparencia de precios, tratamiento fiscal incierto y posibles conflictos de interés, además de la dependencia estructural en el índice de peor desempeño. Se recomienda a los inversionistas revisar el suplemento preliminar de precios, el prospecto y los factores de riesgo antes de invertir.
JPMorgan Chase Financial Company LLC는 JPMorgan Chase & Co.가 전액 보증하는 시장 연동 증권을 2026년 7월 9일 만기일로 제공하고 있습니다. $1,000 단위로 발행되는 이 노트는 네 개의 주가지수(S&P 500, 다우존스 산업평균지수, 나스닥-100, EURO STOXX 50) 중 가장 저조한 성과를 보인 지수에 대해 최소 127.35% 레버리지 상승 참여를 제공합니다. 투자자는 (1) 해당 지수가 시작 수준을 웃돌면 원금과 레버리지 상승분을 받으며, (2) 지수가 시작 수준의 85%에서 100% 사이에 머무르면 원금 전액을 돌려받고, (3) 15% 보호막을 초과하는 손실에 대해서는 1달러당 1달러 손실을 입어 최대 85% 원금 손실 위험에 노출됩니다.
이 노트는 발행자의 무담보 비우선채무로, 발행자와 보증인의 신용 위험이 존재합니다. 예상 가치가
주요 위험으로는 원금 손실 가능성, 정기 이자 미지급, 제한된 2차 유동성, 가격 투명성 문제, 불확실한 세금 처리, 이해 상충 가능성 및 최저 성과 지수에 대한 구조적 의존성이 포함됩니다. 투자자는 투자 전에 예비 가격 보충서, 투자 설명서 및 위험 요인을 반드시 검토해야 합니다.
JPMorgan Chase Financial Company LLC, entièrement garanti par JPMorgan Chase & Co., propose des titres liés au marché arrivant à échéance le 9 juillet 2026. Les obligations libellées en 1 000 $ offrent une participation à la hausse avec effet de levier d’au moins 127,35% sur l'indice boursier le moins performant parmi quatre indices (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Les investisseurs reçoivent : (1) la valeur nominale plus la participation à la hausse avec effet de levier si l’indice termine au-dessus de son niveau initial ; (2) le remboursement intégral du capital si l’indice termine entre 85 % et 100 % de son niveau initial ; ou (3) une perte dollar pour dollar au-delà d’une protection de 15%, exposant ainsi les détenteurs à une perte maximale de 85 % du capital.
Les titres sont des obligations non garanties et non subordonnées de l’émetteur, comportant un risque de crédit tant de l’émetteur que du garant. Une valeur indicative estimée à 961,90 $ (96,19 % de la valeur nominale) reflète les commissions de vente intégrées et les coûts de couverture. Les frais de distribution initiaux atteignent 2,325% ; certains distributeurs sélectionnés peuvent recevoir 0,20 % supplémentaires pour le marketing.
Les principaux risques divulgués incluent la perte potentielle du capital, l’absence d’intérêts périodiques, la liquidité secondaire limitée, des préoccupations concernant la transparence des prix, un traitement fiscal incertain et des conflits d’intérêts potentiels, ainsi que la dépendance structurelle à l’indice le moins performant. Les investisseurs doivent consulter le supplément de prix préliminaire, le prospectus et les facteurs de risque avant d’investir.
JPMorgan Chase Financial Company LLC, vollständig garantiert von JPMorgan Chase & Co., bietet marktgebundene Wertpapiere mit Fälligkeit am 9. Juli 2026 an. Die auf $1.000 lautenden Notes bieten eine gehebelte Aufwärtsbeteiligung von mindestens 127,35% am schwächsten der vier Aktienindizes (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Anleger erhalten: (1) den Nennwert plus gehebelte Aufwärtsbeteiligung, wenn der Index über dem Startwert schließt; (2) die vollständige Rückzahlung des Kapitals, wenn der Index zwischen 85 % und 100 % seines Startwerts endet; oder (3) einen Dollar-für-Dollar-Verlust über einen 15%-Puffer hinaus, was ein Risiko eines Kapitalverlusts von bis zu 85 % bedeutet.
Die Notes sind ungesicherte, nicht nachrangige Verbindlichkeiten des Emittenten und unterliegen sowohl dem Kreditrisiko des Emittenten als auch des Garantiegebers. Ein indikativ geschätzter Wert von $961,90 (96,19 % des Nennwerts) berücksichtigt eingebaute Verkaufsprovisionen und Absicherungskosten. Die anfänglichen Vertriebsgebühren betragen 2,325%; ausgewählte Händler können zusätzlich 0,20 % für Marketing erhalten.
Zu den wesentlichen Risiken zählen möglicher Kapitalverlust, fehlende regelmäßige Zinszahlungen, eingeschränkte Sekundärliquidität, Bedenken hinsichtlich der Preistransparenz, unklare steuerliche Behandlung und potenzielle Interessenkonflikte sowie die strukturelle Abhängigkeit vom schlechtesten Index. Anleger sollten den vorläufigen Preiszusatz, den Prospekt und die Risikofaktoren vor einer Investition sorgfältig prüfen.
- Leveraged upside participation of at least 127.35% enhances return potential on modest index gains.
- 15% downside buffer protects principal against moderate market declines before losses begin.
- Diversification across four major equity indices offers broad market exposure within one security.
- Full and unconditional guarantee by JPMorgan Chase & Co. adds investment-grade credit backing.
- Short 1-year maturity limits long-term market and credit exposure.
- Investors face up to 85% principal loss if the worst index falls more than 15%.
- Security is unsecured and unsubordinated; repayment depends on JPMorgan’s creditworthiness.
- Worst-of structure means a single underperforming index dictates payout, heightening risk.
- Estimated value ($961.90) is materially below issue price, reflecting embedded costs.
- High selling commissions up to 2.325% and additional dealer fees erode investor value.
- Liquidity is expected to be limited; secondary prices likely below par.
- Tax treatment is uncertain and may be adverse to holders.
Insights
TL;DR: High-beta, buffered note offers 127% upside but up to 85% downside; credit and liquidity risks loom.
These FWP notes are standard equity-linked, principal-at-risk securities. A 15% buffer paired with ≥127.35% upside leverage is competitive versus recent multi-asset offerings, yet investors pay approximately 3.8% value erosion at issuance (estimated value $961.90). The worst-of design raises path-dependency risk: one lagging index eliminates gains on the other three. Fees (2.325% plus 0.20% dealer incentives) and internal funding rate lower fair value, and secondary market depth will be dealer-driven. Credit exposure to JPMorgan is investment-grade, but still non-trivial over 1-year tenor. Overall impact on JPM’s balance sheet is negligible; materiality is limited to buyers’ risk-return profile.
TL;DR: Attractive short-dated equity kicker, yet worst-of clause and illiquidity temper portfolio appeal.
For tactical allocation, the note’s 1-year horizon and leveraged upside can complement cash-enhanced strategies if one expects mild positive equity performance with limited tail risk. However, the worst-performing index may well be non-US (EURO STOXX 50), nullifying global diversification benefits. Absence of coupons, dividend pass-through, or call feature reduces carry. Taxes remain uncertain for U.S. holders. Given tight maturity and achievable upside, listed options or buffered ETFs could offer similar payoff with greater transparency and exit flexibility. I view the product as niche, suitable only for sophisticated investors comfortable with structured credit and market timing.
JPMorgan Chase Financial Company LLC, garantita integralmente da JPMorgan Chase & Co., offre Market Linked Securities con scadenza il 9 luglio 2026. Le obbligazioni denominate $1.000 offrono una partecipazione al rialzo con leva di almeno il 127,35% sull'indice azionario con la performance più bassa tra quattro indici (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Gli investitori ricevono: (1) il valore nominale più la partecipazione al rialzo con leva se l'indice termina sopra il livello iniziale; (2) il rimborso completo del capitale se l'indice termina tra l'85% e il 100% del livello iniziale; oppure (3) una perdita pari al valore in dollari oltre una protezione del 15%, esponendo quindi a una perdita massima dell'85% del capitale.
Le obbligazioni sono obbligazioni non garantite e non subordinate dell'emittente, comportando rischi di credito sia dell'emittente che del garante. Un valore stimato indicativo di $961,90 (96,19% del valore nominale) riflette commissioni di vendita incorporate e costi di copertura. Le commissioni di distribuzione iniziali raggiungono il 2,325%; alcuni dealer selezionati possono ricevere un ulteriore 0,20% per attività di marketing.
I principali rischi includono la possibile perdita del capitale, l'assenza di interessi periodici, la limitata liquidità secondaria, la scarsa trasparenza dei prezzi, l'incertezza fiscale e potenziali conflitti di interesse, oltre alla dipendenza strutturale dall'indice peggiore. Si raccomanda agli investitori di consultare il supplemento informativo preliminare, il prospetto e i fattori di rischio prima di investire.
JPMorgan Chase Financial Company LLC, garantizado completamente por JPMorgan Chase & Co., ofrece Valores Vinculados al Mercado que vencen el 9 de julio de 2026. Los bonos denominados en $1,000 ofrecen una participación al alza apalancada de al menos el 127.35% en el índice de menor rendimiento entre cuatro índices bursátiles (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Los inversionistas reciben: (1) el valor nominal más la participación apalancada si el índice termina por encima de su nivel inicial; (2) el reembolso total del principal si el índice termina entre el 85% y el 100% de su nivel inicial; o (3) una pérdida dólar por dólar más allá de un amortiguador del 15%, exponiendo a los tenedores a una pérdida máxima del 85% del principal.
Los bonos son obligaciones no garantizadas y no subordinadas del emisor y conllevan riesgos crediticios tanto del emisor como del garante. Un valor estimado indicativo de $961.90 (96.19% del valor nominal) refleja concesiones de venta incorporadas y costos de cobertura. Las comisiones iniciales de distribución alcanzan el 2.325%; algunos distribuidores seleccionados pueden recibir un 0.20% adicional por marketing.
Los riesgos clave incluyen la posible pérdida del capital, la ausencia de intereses periódicos, la liquidez secundaria limitada, preocupaciones sobre la transparencia de precios, tratamiento fiscal incierto y posibles conflictos de interés, además de la dependencia estructural en el índice de peor desempeño. Se recomienda a los inversionistas revisar el suplemento preliminar de precios, el prospecto y los factores de riesgo antes de invertir.
JPMorgan Chase Financial Company LLC는 JPMorgan Chase & Co.가 전액 보증하는 시장 연동 증권을 2026년 7월 9일 만기일로 제공하고 있습니다. $1,000 단위로 발행되는 이 노트는 네 개의 주가지수(S&P 500, 다우존스 산업평균지수, 나스닥-100, EURO STOXX 50) 중 가장 저조한 성과를 보인 지수에 대해 최소 127.35% 레버리지 상승 참여를 제공합니다. 투자자는 (1) 해당 지수가 시작 수준을 웃돌면 원금과 레버리지 상승분을 받으며, (2) 지수가 시작 수준의 85%에서 100% 사이에 머무르면 원금 전액을 돌려받고, (3) 15% 보호막을 초과하는 손실에 대해서는 1달러당 1달러 손실을 입어 최대 85% 원금 손실 위험에 노출됩니다.
이 노트는 발행자의 무담보 비우선채무로, 발행자와 보증인의 신용 위험이 존재합니다. 예상 가치가
주요 위험으로는 원금 손실 가능성, 정기 이자 미지급, 제한된 2차 유동성, 가격 투명성 문제, 불확실한 세금 처리, 이해 상충 가능성 및 최저 성과 지수에 대한 구조적 의존성이 포함됩니다. 투자자는 투자 전에 예비 가격 보충서, 투자 설명서 및 위험 요인을 반드시 검토해야 합니다.
JPMorgan Chase Financial Company LLC, entièrement garanti par JPMorgan Chase & Co., propose des titres liés au marché arrivant à échéance le 9 juillet 2026. Les obligations libellées en 1 000 $ offrent une participation à la hausse avec effet de levier d’au moins 127,35% sur l'indice boursier le moins performant parmi quatre indices (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Les investisseurs reçoivent : (1) la valeur nominale plus la participation à la hausse avec effet de levier si l’indice termine au-dessus de son niveau initial ; (2) le remboursement intégral du capital si l’indice termine entre 85 % et 100 % de son niveau initial ; ou (3) une perte dollar pour dollar au-delà d’une protection de 15%, exposant ainsi les détenteurs à une perte maximale de 85 % du capital.
Les titres sont des obligations non garanties et non subordonnées de l’émetteur, comportant un risque de crédit tant de l’émetteur que du garant. Une valeur indicative estimée à 961,90 $ (96,19 % de la valeur nominale) reflète les commissions de vente intégrées et les coûts de couverture. Les frais de distribution initiaux atteignent 2,325% ; certains distributeurs sélectionnés peuvent recevoir 0,20 % supplémentaires pour le marketing.
Les principaux risques divulgués incluent la perte potentielle du capital, l’absence d’intérêts périodiques, la liquidité secondaire limitée, des préoccupations concernant la transparence des prix, un traitement fiscal incertain et des conflits d’intérêts potentiels, ainsi que la dépendance structurelle à l’indice le moins performant. Les investisseurs doivent consulter le supplément de prix préliminaire, le prospectus et les facteurs de risque avant d’investir.
JPMorgan Chase Financial Company LLC, vollständig garantiert von JPMorgan Chase & Co., bietet marktgebundene Wertpapiere mit Fälligkeit am 9. Juli 2026 an. Die auf $1.000 lautenden Notes bieten eine gehebelte Aufwärtsbeteiligung von mindestens 127,35% am schwächsten der vier Aktienindizes (S&P 500, Dow Jones Industrial Average, Nasdaq-100, EURO STOXX 50). Anleger erhalten: (1) den Nennwert plus gehebelte Aufwärtsbeteiligung, wenn der Index über dem Startwert schließt; (2) die vollständige Rückzahlung des Kapitals, wenn der Index zwischen 85 % und 100 % seines Startwerts endet; oder (3) einen Dollar-für-Dollar-Verlust über einen 15%-Puffer hinaus, was ein Risiko eines Kapitalverlusts von bis zu 85 % bedeutet.
Die Notes sind ungesicherte, nicht nachrangige Verbindlichkeiten des Emittenten und unterliegen sowohl dem Kreditrisiko des Emittenten als auch des Garantiegebers. Ein indikativ geschätzter Wert von $961,90 (96,19 % des Nennwerts) berücksichtigt eingebaute Verkaufsprovisionen und Absicherungskosten. Die anfänglichen Vertriebsgebühren betragen 2,325%; ausgewählte Händler können zusätzlich 0,20 % für Marketing erhalten.
Zu den wesentlichen Risiken zählen möglicher Kapitalverlust, fehlende regelmäßige Zinszahlungen, eingeschränkte Sekundärliquidität, Bedenken hinsichtlich der Preistransparenz, unklare steuerliche Behandlung und potenzielle Interessenkonflikte sowie die strukturelle Abhängigkeit vom schlechtesten Index. Anleger sollten den vorläufigen Preiszusatz, den Prospekt und die Risikofaktoren vor einer Investition sorgfältig prüfen.
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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 |
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Market Linked Securities— Leveraged Upside Participation and Fixed Percentage Buffered Downside Principal at Risk Securities Linked to the Lowest Performing of the S&P 500® Index, the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the EURO STOXX 50® Index due July 9, 2026 Fact Sheet dated June 23, 2025 to Preliminary Pricing Supplement dated June 20, 2025 | |
Summary of Terms
| Issuer: | JPMorgan Chase Financial Company LLC |
| Guarantor: | JPMorgan Chase & C0. |
| Indices: | S&P 500® Index, Dow Jones Industrial Average®, Nasdaq-100 Index® and EURO STOXX 50® Index |
| Pricing Date1: | June 26, 2025 |
| Issue Date1: | July 1, 2025 |
| Calculation Day1, 2: | July 6, 2026 |
| Stated Maturity Date1, 2: | July 9, 2026 |
| Principal Amount: | $1,000 per security (100% of par) |
| Maturity Payment Amount: | · If the ending level of the lowest performing Index is greater than its starting level: $1,000 + ($1,000 × index return of the lowest performing Index × upside participation rate) · If the ending level of the lowest performing Index is less than or equal to its starting level, but greater than or equal to its threshold level: $1,000; or · If the ending level of the lowest performing Index is less than its threshold level: $1,000 + [$1,000 × (index return of the lowest performing Index + buffer amount)]
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| Lowest Performing Index: | The Index with the lowest index return |
| Upside Participation Rate: | At least 127.35% (to be provided in the pricing supplement) |
| Starting Level: | For each Index, its closing level on the pricing date |
| Ending Level: | For each Index, its closing level on the calculation day |
| Buffer Amount: | 15% |
| Threshold Level: | For each Index, 85% of its starting level |
| Index Return: | For each Index, (ending level – starting level) / starting level |
| Calculation Agent: | J.P. Morgan Securities LLC (“JPMS”) |
| Denominations: | $1,000 and any integral multiple of $1,000 |
| CUSIP: | 48136EZ24 |
| Fees and Commissions: | Up to 2.325% for Wells Fargo Securities, LLC (“WFS”); WFS has advised us that dealers, including Wells Fargo Advisors (“WFA”), may receive 1.75% 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*
*Assumes an upside participation rate equal to the minimum upside participation rate.
If the ending level of the lowest performing Index is less than its threshold level, you will have 1-to-1 downside exposure to the decrease in the level of that Index in excess of the buffer amount, and you will lose some, and possibly up to 85%, of the principal amount of your securities at maturity.
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 $961.90 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 $930.00 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/19617/000121390025056255/
ea0246417-01_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, product supplement and underlying 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.
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· If the Ending Level of the Lowest Performing Index Is Less Than Its Threshold Level, You Will Lose Up to 85% of the Principal Amount of Your Securities at Maturity. · 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. · You Are Exposed to the Risk of Decline in the Level of Each Index. · Your Maturity Payment Amount Will Be Determined by the Lowest Performing Index. · You Will Be Subject to Risks Resulting from the Relationship Among the Indices. · No Interest or 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.
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· 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. · Each of JPMorgan Chase & Co. and Wells Fargo & Company (the Parent Company of WFS) Is Currently One of the Companies that Make Up the S&P 500® Index, and JPMorgan Chase & Co. Is Currently One of the Companies that Make Up the Dow Jones Industrial Average®. · The Securities Are Subject to Non-U.S. Securities Risk with Respect to the Nasdaq-100 Index® and the EURO STOXX 50® Index. · No Direct Exposure to Fluctuations in Foreign Exchange Rates with Respect to the EURO STOXX 50® Index. · The Maturity Payment Amount Will Depend upon the Performance of Each Index and Therefore the Securities Are Subject to the Risks Associated with Each Index, Each as Discussed in the Accompanying Preliminary Pricing Supplement and Product Supplement.
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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.
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 indices underlie JPMorgan's 2026 Market Linked Securities?
How much upside participation do the securities offer?
What downside protection is provided?
When do the notes mature and settle?
What is the estimated value compared with the $1,000 issue price?
What fees do investors indirectly pay?
