JPMorgan Chase Financial Company LLC filed a free writing prospectus on November 5, 2026, disclosing terms for Auto Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000, and S&P 500 indexes, with a pricing date of November 24, 2026, and a maturity date of May 30, 2029.

Key Highlights

  • Underlyings: The notes are linked to three indexes: the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index.
  • Contingent Interest Rate: Between 8.25% and 10.25% per annum, paid monthly at a rate of between 0.6875% and 0.85417% per month, if applicable.
  • Interest Barrier and Trigger Value: The Interest Barrier is 80.00% of each underlying's Initial Value; the Trigger Value is 70.00% of each underlying's Initial Value.
  • Estimated Value: When the terms are set, the estimated value will not be less than $900.00 per $1,000 principal amount note.
  • Principal Risk: According to the filing, if the Final Value of any Underlying is less than its Trigger Value, investors "will lose more than 30.00% of your principal amount at maturity and could lose all of your principal amount at maturity."
  • CUSIP: 46661QL45, with a minimum denomination of $1,000.

Structure and Payment Terms for the JPMorgan Chase Financial Auto Callable Notes

According to the filing, the notes are issued by JPMorgan Chase Financial Company LLC and guaranteed by JPMorgan Chase & Co. The pricing date is November 24, 2026, and the maturity date is May 30, 2029, giving the notes an approximately 2.5-year term. Review Dates occur monthly. The notes can be automatically called on any Review Date other than the first through fifth and the final Review Dates if the closing value of each underlying is greater than or equal to its Initial Value. In that case, the filing states the holder receives $1,000 plus the applicable Contingent Interest Payment per $1,000 principal amount note, and no further payments are made.

If the notes are not called and all underlyings finish at or above the Trigger Value (70.00% of Initial Value), the holder receives $1,000 plus any applicable Contingent Interest Payment at maturity. However, if any underlying's Final Value falls below its Trigger Value, the payment at maturity is calculated as $1,000 plus ($1,000 multiplied by the Least Performing Underlying Return). The filing's hypothetical table illustrates that a -50.00% Least Performing Underlying Return would result in a payment of $500.000 per $1,000 note, and a -100.00% return would result in $0.000. The filing discloses that contingent interest is paid only when each underlying's closing value on a Review Date is at or above the Interest Barrier of 80.00% of its Initial Value.

The filing identifies several selected risks, including that the notes carry the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., that the estimated value at pricing will be lower than the original issue price, and that J.P. Morgan Securities LLC intends but is not required to offer to purchase the notes in the secondary market. The filing also notes that JPMorgan Chase & Co. is currently one of the companies comprising the S&P 500 Index, which the filing lists as a risk consideration. The filing was made pursuant to Rule 433 under Registration Statement Nos. 333-293684 and 333-293684-01 (as referenced in the source).

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a free writing prospectus describing the terms, payment structure, risk factors, and estimated value for Auto Callable Contingent Interest Notes linked to three equity indexes, with a November 24, 2026 pricing date and May 30, 2029 maturity.