JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus on October 30, 2026, disclosing summary terms for a 36.5-month structured note linked to a basket of five international equity indices, with a maturity date of December 5, 2029.

Key Highlights

  • Issuer and guarantor: JPMorgan Chase Financial Company LLC is the issuer; JPMorgan Chase & Co. is the guarantor, according to the filing.
  • Five-index basket: The basket comprises the EURO STOXX 50 Index (40.00%), TOPIX Index (25.00%), FTSE 100 Index (17.50%), Swiss Market Index (10.00%), and S&P/ASX 200 Index (7.50%).
  • Trigger level: The trigger level is set at 80, equal to 80% of the initial basket value of 100.
  • Leverage factor: The leverage factor is at least 163.80%, to be confirmed in the final pricing supplement.
  • Minimum estimated value: The estimated value of the Trigger PLUS on the pricing date will not be less than $930.00 per $1,000 stated principal amount.
  • Pricing and maturity dates: Pricing is expected on November 13, 2026; the valuation date is November 30, 2029, and the maturity date is December 5, 2029.
  • Principal at risk: If the final basket value falls below the trigger level, investors receive $1,000 multiplied by the basket performance factor, which the filing states "will be less than the stated principal amount of $1,000 per Trigger PLUS and will represent a loss of more than 20%, and possibly all, of your investment."

Structure and Payoff Terms for the SX5E/TPX/UKX/SMI/AS51 Basket Trigger PLUS

According to the filing, the Trigger PLUS are issued under Registration Statement Nos. 333-293684 and 333-293684-01 with a CUSIP of 46661QV85 and ISIN US46661QV858. The stated principal amount and issue price are each $1,000 per note, and the notes do not pay interest. The filing notes that because the EURO STOXX 50 Index makes up 40% of the basket, the market value and payment at maturity are expected to depend significantly on the performance of that index.

The filing describes three payment scenarios at maturity. If the final basket value exceeds the initial basket value, investors receive $1,000 plus a leveraged upside payment calculated as $1,000 multiplied by the leverage factor (at least 163.80%) and the basket percent increase. If the final basket value is at or below the initial basket value but at or above the trigger level of 80, investors receive $1,000. If the final basket value falls below the trigger level, investors receive $1,000 multiplied by the basket performance factor, exposing them to losses greater than 20% and potentially total loss of principal.

The filing identifies several risk factors, including that the Trigger PLUS are subject to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co., that secondary market prices will likely be lower than the original issue price, that the estimated value is derived by reference to an internal funding rate, and that the notes are not directly exposed to fluctuations in foreign exchange rates. The filing also states that "the tax consequences of an investment in the Trigger PLUS are uncertain."

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus disclosing the summary terms of a 36.5-month structured note linked to five international equity indices, including leverage and trigger mechanics, a minimum estimated value of $930.00 per $1,000, and key risk considerations.