JPMorgan Chase’s callable notes promise at least $7.1667 per $1,000 note when all three indices meet the 50.00% barrier, equating to at least 8.60% annually. Investors should weigh that conditional payment against an estimated value of approximately $980.00 per $1,000 and risks affecting secondary-market prices.

Key Highlights

  • Payments require every linked index to remain at or above 50.00% of its initial value on review dates.
  • The minimum contingent interest payment is $7.1667 per $1,000 principal amount on each qualifying interest payment date.
  • Selling commissions are capped at $6.50 per $1,000 note.

JPMorgan Chase & Co. is a Banks - Diversified company. JPMorgan Chase Financial Company LLC filed preliminary terms for callable contingent-interest notes due September 28, 2028, with JPMorgan Chase & Co. providing a full and unconditional guarantee.

Each $1,000 principal amount note carries a contingent interest payment of at least $7.1667 when that condition is met. The contingent Interest Rate is at least 0.71667% per month. The pricing date is on or about September 24, 2026. J.P. Morgan Securities LLC is acting as agent, and its selling commissions cannot exceed $6.50 per $1,000 principal amount.

Estimated Value and Secondary-Market Conditions

If priced today, the notes’ estimated value would be approximately $980.00 per $1,000 principal amount. That estimate will not be less than $950.00 per $1,000 when the final terms are set. The original issue price will exceed the estimated value because it includes selling, structuring and hedging-related costs, along with possible third-party data and platform fees. The document says changes in that internal rate may adversely affect the notes’ terms and secondary-market prices.