JPMorgan Chase Financial Company LLC filed a free writing prospectus on November 12, 2026, disclosing terms for Market Linked Securities with leveraged upside participation and contingent downside protection linked to the EURO STOXX 50 Index, maturing November 17, 2036.

Key Highlights

  • Upside participation rate: at least 218.60%, to be finalized in the pricing supplement, according to the filing.
  • Threshold level: 75% of the starting level; if the ending level falls below this, investors face full downside exposure and may lose all principal, the filing discloses.
  • Principal amount: $1,000 per security, with denominations in $1,000 and any integral multiple of $1,000.
  • Estimated value at pricing: approximately $920.20 per security if priced on the date of the preliminary pricing supplement, and not less than $900.00 per security when terms are set, per the filing.
  • Fees and commissions: up to 4.37% for Wells Fargo Securities, LLC, with a selling concession of 3.50% available to dealers including Wells Fargo Advisors, plus a distribution expense fee of 0.12% for Wells Fargo Advisors.
  • Maturity: Stated maturity date of November 17, 2036, with a calculation day of November 12, 2036, both subject to change and postponement.
  • Guarantor: JPMorgan Chase & Co. fully and unconditionally guarantees payment, though the securities remain subject to the credit risk of both the issuer and guarantor.

Terms and Structure of the EURO STOXX 50 Linked Securities

According to the filing, JPMorgan Chase Financial Company LLC is the issuer of these Market Linked Securities, described as "Leveraged Upside Participation and Contingent Downside Principal at Risk Securities Linked to the EURO STOXX 50 Index." The securities carry a CUSIP of 46661Q5F8 and were priced on November 12, 2026, with an issue date of November 17, 2026. The filing identifies J.P. Morgan Securities LLC as the calculation agent and lists Registration Statement Nos. 333-293684 and 333-293684-01.

The filing sets out three maturity payment scenarios per security. If the ending level exceeds the starting level, the holder receives $1,000 plus $1,000 multiplied by the index return and the upside participation rate. If the ending level is at or below the starting level but at or above the threshold level of 75% of the starting level, the holder receives $1,000. If the ending level falls below the threshold level, the holder receives $1,000 plus $1,000 multiplied by the index return, meaning full downside exposure applies and "you will lose more than 25%, and possibly all, of the principal amount of your securities at maturity," as the filing states.

The filing notes that the estimated value of the securities is lower than the original issue price and "does not represent future values of the securities." The securities are described as unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, are not bank deposits, and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency. The filing directs investors to the preliminary pricing supplement, prospectus, prospectus supplement, product supplement, and underlying supplement for complete information.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a fact sheet disclosing the preliminary terms of 10-year market linked securities tied to the EURO STOXX 50 Index, including an upside participation rate of at least 218.60%, a 75% threshold level, and an estimated value of approximately $920.20 per security.