JPMorgan Chase Financial Company LLC filed a free writing prospectus on November 3, 2026, disclosing terms of a structured note linked to the Nasdaq-100 Index, Dow Jones Industrial Average, and Russell 2000 Index, with a pricing date of November 30, 2026, and a maturity date of December 4, 2031.

Key Highlights

  • Issuer and guarantor: JPMorgan Chase Financial Company LLC is the issuer; JPMorgan Chase & Co. is the guarantor.
  • Participation rate: At least 131.00%, with the final rate to be set in the pricing supplement.
  • Principal protection: Investors are entitled to repayment of the full $1,000 principal at maturity, subject to the credit risks of the issuer and guarantor.
  • Estimated value: The estimated value of the notes, when terms are set, will not be less than $900.00 per $1,000 principal amount note.
  • Return determination: The additional amount at maturity is determined by the least performing of the three linked indices and will not be less than zero.
  • CUSIP: 46661QGM1; minimum denomination is $1,000.
  • Observation and maturity dates: Observation Date is December 1, 2031; Maturity Date is December 4, 2031.

Terms and Risk Profile of the 5-Year Structured Notes Linked to Three Indices

According to the filing, JPMorgan Chase Financial Company LLC is offering structured notes with a five-year term, priced at $1,000 minimum denomination. The notes are linked to three indices: the Nasdaq-100 Index, the Dow Jones Industrial Average, and the Russell 2000 Index. Payment at maturity consists of the $1,000 principal plus an additional amount calculated as $1,000 multiplied by the least performing index return multiplied by the participation rate of at least 131.00%, provided that the additional amount will not be less than zero.

The filing discloses that the estimated value of the notes will not be less than $900.00 per $1,000 principal amount note when terms are set, and notes that this estimated value "likely will be lower than the price you paid for the notes." The estimated value is determined by reference to an internal funding rate and does not represent future values. Hypothetical total return scenarios provided in the filing illustrate, for example, a 85.15% total return on the notes if the least performing index return is 65.00%, and a 0.00% total return if any index declines, reflecting full principal protection at maturity.

The filing lists several selected risks, including that any payment is subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., that there are no interest or dividend payments, that secondary market liquidity is not guaranteed, and that potential conflicts of interest exist because J.P. Morgan and its affiliates act as calculation agent and hedge obligations under the notes. The filing also notes that JPMorgan Chase & Co. is currently one of the companies comprising the Dow Jones Industrial Average. Registration statement numbers cited are 333-293684 and 333-293684-01.

What Was Disclosed

JPMorgan Chase Financial Company LLC disclosed a free writing prospectus for five-year structured notes linked to three major U.S. equity indices, with principal repayment at maturity subject to issuer and guarantor credit risk, a minimum participation rate of 131.00%, and an estimated value of at least $900.00 per $1,000 note.