JPMorgan Chase & Co is offering $750,000 of callable contingent-interest notes linked to the least performing of the Nasdaq-100 Technology Sector, Russell 2000 and S&P 500 indexes. Investors can receive $7.4583 per $1,000 note when all indexes meet the 70.00% barrier, while the notes are neither deposits nor FDIC-insured.

Key Highlights

  • JPMorgan Chase Financial Company LLC is the issuer, with JPMorgan Chase & Co providing a full and unconditional guarantee.
  • Total proceeds to the issuer are $733,312.50 after $16,687.50 in selling commissions.
  • The notes are due March 27, 2028, and may be redeemed early on eligible Interest Payment Dates.

The notes are due March 27, 2028, and can pay $7.4583 for each $1,000 principal amount when every index reaches its required barrier.

JPMorgan Chase Financial Company LLC is the issuer, while JPMorgan Chase & Co guarantees the notes fully and unconditionally. A payment applies on an Interest Payment Date only when the closing level of each index is at least 70.00% of its Initial Value. The pricing date was September 22, 2026, with settlement expected on or about September 25, 2026.

Estimated Value Below Original Issue Price

The public price is $1,000 per note, including $22.25 in selling commissions, leaving $977.75 as proceeds per note. Across the offering, the figures are $750,000 for the public amount, $16,687.50 for commissions and $733,312.50 for proceeds to the issuer. The estimated value when the terms were set was $961.20 per $1,000 note. JPMorgan states that the original issue price exceeds this estimate because it includes selling, structuring and hedging costs.