JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus on October 26, 2026, disclosing the summary terms of 3-Year Enhanced Jump Securities linked to the Russell 2000, S&P 500, and Nasdaq-100 indices, with an auto-callable feature and a 1-year initial non-call period.

Key Highlights

  • Issuer and guarantor: JPMorgan Chase Financial Company LLC is the issuer; JPMorgan Chase & Co. is the guarantor of the securities.
  • Stated principal and issue price: $1,000 per security, with the estimated value on the pricing date disclosed as not less than $920.00 per $1,000 stated principal amount security.
  • Early redemption return: The early redemption payment corresponds to a return of at least approximately 9.70% per annum, starting at least $1,097.00 at the first determination date and stepping up by at least $24.25 for each subsequent determination date.
  • Downside threshold: Each underlying index has a downside threshold level set at 70% of its initial index value; if any index closes below that level at maturity, investors receive the stated principal amount multiplied by the index performance factor of the worst performing index, which "could be zero."
  • Underlying indices: The securities are linked to the Russell 2000 Index (RTY), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX), with payouts determined by the worst performing index.
  • Maturity date: November 2, 2029, with a pricing date expected to be October 30, 2026 and CUSIP 46661QRQ0 / ISIN US46661QRQ00.
  • Principal not guaranteed: According to the filing, "the securities do not pay interest or guarantee the return of any principal and your investment in the securities may result in a loss."

Terms and Structure of the RTY/SPX/NDX Jump Securities

According to the filing, JPMorgan Chase Financial Company LLC is offering 3-Year Enhanced Jump Securities with an auto-callable feature tied to three underlying indices: the Russell 2000 Index, the S&P 500 Index, and the Nasdaq-100 Index. The securities carry a 1-year initial non-call period, meaning the first opportunity for automatic early redemption falls on November 8, 2027. The pricing date is expected to be October 30, 2026, with the original issue date set three business days after pricing. The stated principal amount and issue price are each $1,000 per security.

The filing discloses that automatic early redemption is triggered when, on any determination date other than the final one, the closing level of each underlying index is greater than or equal to its initial index value. There are eight such determination dates running from November 8, 2027 through July 30, 2029. The corresponding early redemption payments range from at least $1,097.00 at the first determination date to at least $1,266.75 at the eighth, each stepping up by at least $24.25. If the securities reach the final determination date of October 30, 2029, and each underlying index's final value is at or above its downside threshold level, the maturity redemption payment is at least $1,291.00 per $1,000 stated principal amount, the filing states.

The filing cautions that if any underlying index falls below 70% of its initial index value at maturity, the payout is reduced to the stated principal amount multiplied by the index performance factor of the worst performing index, and "could be zero." The hypothetical payout table in the filing illustrates that a 30.01% decline in the worst performing index would reduce the payment to $699.90, a 50% decline to $500.00, and a 100% decline to $0.00. The filing also notes that the estimated value of the securities will be lower than the original issue price, and that all payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus under Rule 433 on October 26, 2026, setting out the preliminary terms of auto-callable structured securities linked to the RTY, SPX, and NDX indices, with a maturity date of November 2, 2029, and CUSIP 46661QRQ0.