JPMorgan Chase Financial Company LLC is offering S&P 500-linked notes targeting at least a 17.00% fixed return at Maturity when the index is flat, rises or falls by no more than 15.00%. Investors forgo interest and dividends and could lose up to 85.00% of principal if the index declines beyond the buffer.

Key Highlights

  • Each note carries a $1,000 principal amount, while its estimated value is approximately $990.00 and will not be less than $970.00 when terms are set.
  • JPMorgan Chase Financial Company LLC’s notes are unsecured and unsubordinated, and JPMorgan Chase & Co. fully and unconditionally guarantees them.
  • The notes have an October 2, 2028 observation date and an October 5, 2028 maturity date, subject to postponement for a market disruption event.

JPMorgan Chase & Co. is a Banks - Diversified company. The notes target at least a 17.00% return at maturity when the index is unchanged or declines by no more than 15.00%.

S&P 500-Linked Note Structure

JPMorgan Chase Financial Company LLC is the issuer, while JPMorgan Chase & Co. is the guarantor. The notes are unsecured and unsubordinated obligations, and their pricing date is expected on or about October 1, 2026, followed by an original Issue Date on or about October 6, 2026. The payment formula provides $1,000 plus $1,000 multiplied by the contingent digital return when the index meets the stated buffer condition. A decline beyond the buffer instead reduces the payment according to the index return plus the buffer amount.

Principal Risk and Estimated Value

Investors in the notes give up interest and Dividend payments and may lose up to 85.00% of principal at maturity. The estimated value is below the original issue price because that price includes projected hedging profits, estimated hedging costs and possible third-party data fees. JPMorgan Chase Financial Company LLC also says internal funding rates and other market factors can affect estimated values and Secondary Market prices.