JPMorgan Chase Financial Company LLC filed a free writing prospectus (FWP) on November 5, 2026, disclosing terms for Market Linked Securities auto-callable with contingent coupon linked to the Class A common stock of Coinbase Global, Inc., due November 16, 2029.

Key Highlights

  • Underlying asset: The Class A common stock of Coinbase Global, Inc. (Bloomberg ticker: COIN)
  • Contingent coupon rate: At least 18.65% per annum, paid monthly only if the stock closing price on the related calculation day is at or above the threshold price
  • Threshold price: 50% of the starting price, which is the stock closing price on the pricing date (expected November 13, 2026)
  • Principal at risk: If not called and the ending price is less than the threshold price, investors will lose more than 50%, and possibly all, of the $1,000 principal amount per security
  • Estimated value: Approximately $946.20 per security if priced on the fact sheet date; will not be less than $910.00 per security at final pricing
  • Fees and commissions: Up to 2.325% for Wells Fargo Securities, LLC, with dealers including Wells Fargo Advisors potentially receiving 1.75% of that fee plus a distribution expense fee of 0.075%
  • CUSIP: 46661Q2G9; denominations of $1,000 and any integral multiple of $1,000

Terms and Risk Profile of the Coinbase-Linked Auto-Callable Securities

According to the filing, JPMorgan Chase Financial Company LLC is the issuer and JPMorgan Chase & Co. is the full and unconditional guarantor of the securities. The stated maturity date is November 16, 2029, with an expected issue date of November 18, 2026. The calculation agent is J.P. Morgan Securities LLC. Monthly calculation days run from December 2026 through November 2029, with November 13, 2029 designated as the final calculation day.

The filing discloses that the securities may be automatically called on any calculation day from February 2027 through October 2029 if the stock closing price of the underlying stock is at or above the starting price. Upon an automatic call, the holder would receive the $1,000 principal amount plus a final contingent coupon payment and any previously unpaid contingent coupon payments, according to the filing. The memory feature means that if a coupon is missed because the stock closed below the threshold price, it may be recovered on a later calculation day when the stock closes at or above the threshold price.

The filing states that "the securities are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC" and that "any payment on the securities is subject to the credit risk of JPMorgan Financial, as issuer of the securities, and the credit risk of JPMorgan Chase & Co., as guarantor of the securities." The filing also notes the estimated value of $946.20 per security is lower than the $1,000 original issue price, and that secondary market prices will likely be lower than the original issue price. The securities are not bank deposits and are not insured by the FDIC or any other governmental agency.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a fact sheet dated November 4, 2026, covering auto-callable, principal-at-risk securities linked to Coinbase Global Class A common stock, with a contingent coupon rate of at least 18.65% per annum, a 50% threshold price, and a stated maturity of November 16, 2029.