JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus under Rule 433 for a structured note offering linked to three equity indices, with a Pricing Date of November 30, 2026 and a Maturity Date of December 4, 2031.

Key Highlights

  • Three-index structure: The notes are linked to the Nasdaq-100 Technology Sector Index, the S&P 500 Index, and the Russell 2000 Index, with payment at maturity determined by the least performing index.
  • Upside Leverage Factor: At least 1.645, with the actual figure to be provided in the pricing supplement.
  • Barrier Amount: Set at 70.00% of each index's Initial Value, applicable as of the Observation Date of December 1, 2031.
  • Principal at risk: According to the filing, if the Final Value of any Index is less than its Barrier Amount, investors will lose more than 30.00% of principal and could lose all principal at maturity.
  • Estimated value disclosure: The filing states the estimated value of the notes, when terms are set, will not be less than $900.00 per $1,000 principal amount note, and that this estimated value "will be lower than the original issue price (price to public) of the notes."
  • CUSIP: 46661QHR9; Minimum Denomination: $1,000.
  • Guarantor: JPMorgan Chase & Co. guarantees the notes, and payment is subject to the credit risk of both the issuer and the guarantor.

Structure and Payout Terms of the Barrier Notes

According to the filing, JPMorgan Chase Financial Company LLC is offering 5-year Uncapped Dual Directional Accelerated Barrier Notes linked to three indices: the Nasdaq-100 Technology Sector Index, the S&P 500 Index, and the Russell 2000 Index. The notes carry a minimum denomination of $1,000 and are guaranteed by JPMorgan Chase & Co. The issuer operates as a finance subsidiary and, as the filing notes, "has no independent activities and has limited assets."

The filing describes three distinct payment scenarios at maturity. If the Final Value of each index exceeds its Initial Value, the investor receives $1,000 plus $1,000 multiplied by the Least Performing Index Return multiplied by the Upside Leverage Factor of at least 1.645. If any index's Final Value falls at or below its Initial Value but remains at or above its Barrier Amount of 70.00% of the Initial Value, the payout incorporates the Absolute Index Return of the Least Performing Index, with a stated effective cap of 30.00%, resulting in a maximum payment of $1,300.00 per $1,000 note under those circumstances. If any index's Final Value falls below its Barrier Amount, the investor is exposed to full downside loss on a one-to-one basis with the Least Performing Index Return.

The filing also discloses that the notes pay no interest, no dividends, and carry no voting rights. The filing highlights that JPMorgan Chase & Co. is itself a constituent of the S&P 500 Index, which the filing identifies as a selected risk. Additionally, J.P. Morgan Securities LLC intends to offer to purchase notes in the secondary market but is not required to do so, and any such purchase price "may result in a significant loss of your principal," according to the filing.

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) describing the terms, payout mechanics, estimated value floor of $900.00 per $1,000 note, and selected risks of its 5-year structured barrier notes linked to NDXT, SPX, and RTY.