JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus on October 29, 2026, disclosing summary terms for a 15.5-month structured note linked to the Russell 2000 Index, with a pricing date expected to be November 13, 2026.

Key Highlights

  • Issuer and guarantor: JPMorgan Chase Financial Company LLC is the issuer; JPMorgan Chase & Co. is the guarantor of the PLUS.
  • Underlying index: The notes are linked to the Russell 2000 Index (Bloomberg ticker: RTY Index).
  • Leverage factor: 300% leverage applies to any index percent increase on the upside.
  • Maximum payment at maturity: At least $1,220.00 per $1,000 stated principal amount (at least 122.00% of stated principal), subject to confirmation in the pricing supplement.
  • Estimated value floor: The estimated value on the pricing date will not be less than $950.00 per $1,000 stated principal amount.
  • Valuation date and maturity: The valuation date is February 29, 2028, and the maturity date is March 3, 2028, each subject to postponement.
  • No principal protection: According to the filing, "The PLUS do not pay interest or guarantee the return of any principal and your investment in the PLUS may result in a loss."

RTY PLUS Structure and Terms Disclosed by JPMorgan Financial

According to the filing, the PLUS are structured notes with a stated principal amount and issue price of $1,000 per note. The registrant disclosed that if the final index value is greater than the initial index value at maturity, the payment per $1,000 note equals $1,000 plus a leveraged upside payment calculated as $1,000 multiplied by the 300% leverage factor and the index percent increase, subject to a maximum payment at maturity of at least $1,220.00. If the final index value is less than or equal to the initial index value, the payment equals $1,000 multiplied by the index performance factor, which the filing notes "will be less than or equal to the stated principal amount of $1,000 per PLUS."

The filing identifies the CUSIP as 46661QV69 and ISIN as US46661QV692. The pricing date is expected to be November 13, 2026, with the original issue date set for three business days after pricing. The filing states that the estimated value of the PLUS on the pricing date "will not be less than $950.00 per $1,000 stated principal amount PLUS" and notes this value "likely will be lower than the price you paid for the PLUS." Final terms and estimated valuation are to be provided in the pricing supplement.

The filing identifies several risk categories, including credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited secondary market trading, potential conflicts of interest arising from hedging and trading activities by the issuer and its affiliates, and risks specific to small-capitalization stocks given the underlying index composition. The filing also states that "the tax consequences of an investment in the PLUS are uncertain" and directs investors to review the accompanying preliminary pricing supplement and consult a tax adviser.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus summarizing terms of a 15.5-month structured note linked to the Russell 2000 Index, with 300% upside leverage, a capped maximum return of at least 122.00%, full downside exposure, and a maturity date of March 3, 2028.