JPMorgan Chase Financial Company LLC filed a free writing prospectus on November 12, 2026, disclosing terms for callable contingent interest notes linked to three indices, with a pricing date of November 24, 2026, and a maturity date of November 29, 2029.

Key Highlights

  • Issuer and Guarantor: JPMorgan Chase Financial Company LLC is the issuer; JPMorgan Chase & Co. is the guarantor.
  • Underlying Indices: Notes are linked to the S&P 500 Index, EURO STOXX 50 Index, and Nikkei 225 Index.
  • Contingent Interest Rate: At least 12.15% per annum, payable quarterly at a rate of at least 3.0375%, if applicable.
  • Interest Barrier: 70.00% of the Initial Value of each Index.
  • Estimated Value: Not less than $900.00 per $1,000 principal amount note when terms are set, according to the filing.
  • Principal Risk: If the Final Value of any Index is below its Trigger Value, the filing states investors "will lose more than 30.00% of your principal amount at maturity and could lose all of your principal amount."
  • CUSIP: 46661QDF9; minimum denomination $1,000.

Terms and Risk Profile of the Callable Contingent Interest Notes

According to the filing, JPMorgan Chase Financial Company LLC is offering callable contingent interest notes with a pricing date of November 24, 2026, a Final Review Date of November 26, 2029, and a maturity date of November 29, 2029. The notes carry a minimum denomination of $1,000 and are linked to three indices: the S&P 500 Index, the EURO STOXX 50 Index, and the Nikkei 225 Index. The filing describes the product as a "3yNC6m" structure, meaning the issuer may redeem the notes early, in whole but not in part, on any Interest Payment Date other than the first and final, by delivering notice to the Depository Trust Company at least three business days before the applicable date.

The filing discloses that contingent interest of at least $30.375 per $1,000 principal amount note (equivalent to at least 12.15% per annum, at a quarterly rate of at least 3.0375%) is payable only if the closing value of each Index on a Review Date is greater than or equal to its Interest Barrier, which represents 70.00% of its Initial Value. Payment at maturity depends on the Least Performing Index: if all indices finish at or above their Trigger Values, the investor receives $1,000 plus the final Contingent Interest Payment; if any index finishes below its Trigger Value, the payment is reduced by the Least Performing Index Return, potentially to zero.

The filing identifies several selected risks, including that the notes "do not guarantee any return of principal," may pay no interest at all, and are subject to the credit risks of both the issuer and the guarantor. The filing also notes that the estimated value of the notes "will be lower than the original issue price," that it is determined by reference to an internal funding rate, and that J.P. Morgan Securities LLC intends but is not required to offer to purchase notes in the secondary market. The filing further discloses that JPMorgan Chase & Co. is itself a component of the S&P 500 Index, which the filing lists as a risk factor.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a free writing prospectus under Rule 433 (Registration Statement Nos. 333-293684 and 333-293684-01) disclosing the terms, estimated value, payment structure, and selected risks of three-year callable contingent interest notes linked to the S&P 500, EURO STOXX 50, and Nikkei 225 indices, with CUSIP 46661QDF9.