JPMorgan Chase Financial Company LLC filed a free writing prospectus on November 9, 2026, disclosing the preliminary terms of 18-month autocallable contingent interest notes linked to the Nasdaq-100 Index, Russell 2000 Index, and S&P 500 Index, with a pricing date of November 24, 2026.

Key Highlights

  • Issuer and Guarantor: JPMorgan Chase Financial Company LLC is the issuer; JPMorgan Chase & Co. is the guarantor.
  • Contingent Interest Rate: At least 8.75% per annum, paid monthly at a rate of at least 0.72917% (at least $7.2917 per $1,000 principal amount per month), if the interest barrier condition is met.
  • Interest and Trigger Barrier: Set at 70.00% of the Initial Value of each underlying index.
  • Estimated Value: Will not be less than $900.00 per $1,000 principal amount note when terms are set, according to the filing.
  • Maturity Date: May 30, 2028, with a Final Review Date of May 24, 2028.
  • Principal at Risk: If any underlying's Final Value is below its Trigger Value, the filing states investors "will lose more than 30.00% of your principal amount at maturity and could lose all of your principal amount at maturity."
  • CUSIP: 46661QC37, with a minimum denomination of $1,000.

Structure and Payment Terms of the JPMorgan Autocallable Notes

According to the filing, the notes are linked to the worst-performing of three underlying indexes: the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. Autocall review dates occur quarterly after an initial six-month non-call period. If, on any such date, all three underlying indexes close at or above their respective Initial Values, the notes are automatically called and holders receive $1,000 plus the applicable Contingent Interest Payment per $1,000 principal amount note.

The filing discloses that interest is reviewed monthly. If the closing value of each underlying on an Interest Review Date is greater than or equal to its Interest Barrier (70.00% of its Initial Value), a Contingent Interest Payment of at least $7.2917 per $1,000 note is paid. If any underlying closes below the barrier on a given review date, no interest is paid for that period. The filing notes that the appreciation potential of the notes "is limited to the sum of any Contingent Interest Payments that may be paid over the term of the notes."

At maturity, if the notes have not been called and all underlyings close at or above their Trigger Values, holders receive $1,000 plus the final Contingent Interest Payment. If any underlying finishes below its Trigger Value, the payment is calculated as $1,000 plus ($1,000 multiplied by the Least Performing Underlying Return). The filing's hypothetical table illustrates that a -40.00% return in the least performing underlying would result in a payment of $600.0000 per $1,000 note, and a -100.00% return would result in $0.0000. The filing further discloses that any payment is subject to the credit risk of both the issuer and guarantor.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a free writing prospectus setting out preliminary terms for autocallable contingent interest notes (CUSIP 46661QC37) linked to three equity indexes, with a pricing date of November 24, 2026, a maturity of May 30, 2028, and an estimated value of not less than $900.00 per $1,000 note.