JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus on November 4, 2026, disclosing terms for 2-Year RTY/NDX/SX5E Contingent Income Callable Securities with an expected pricing date of November 11, 2026, and a maturity date of November 16, 2028.

Key Highlights

  • Issuer and guarantor: JPMorgan Chase Financial Company LLC is the issuer, with JPMorgan Chase & Co. serving as guarantor of payments on the securities.
  • Stated principal and issue price: $1,000 per security, with an estimated value on the pricing date of not less than $940.00 per $1,000 stated principal amount.
  • Contingent quarterly payment: At least $31.00 (at least 3.10% of stated principal amount) per security per quarter, payable only if each underlying index closes at or above its downside threshold level on the relevant determination date.
  • Downside threshold: 75% of each underlying index's initial index value; a loss at maturity is possible if any index falls below this level, with the payout tied to the worst performing index and potentially as low as $0.00.
  • Underlying indices: Russell 2000 Index (RTY), Nasdaq-100 Index (NDX), and EURO STOXX 50 Index (SX5E).
  • Optional early redemption: The issuer, at its discretion, may redeem the securities early on any contingent payment date other than the final one, upon at least three business days' notice to DTC.
  • CUSIP / ISIN: 46661Q4C6 / US46661Q4C61.

Terms and Risk Structure of the RTY/NDX/SX5E Contingent Income Securities

According to the filing, the securities are linked to the performance of three underlying indices: the Russell 2000 Index, the Nasdaq-100 Index, and the EURO STOXX 50 Index. A contingent quarterly payment of at least $31.00 per security (at least 3.10% of the $1,000 stated principal amount) is payable on each contingent payment date only if the closing level of each of the three underlying indices is greater than or equal to its downside threshold level on the relevant determination date. The downside threshold level is set at 75% of each index's initial index value, defined as its closing level on the pricing date.

At maturity on November 16, 2028, the filing discloses two scenarios. If the final index value of each underlying index is at or above its downside threshold, the investor receives the stated principal amount plus the final contingent quarterly payment. If the final index value of any underlying index falls below its downside threshold, the payment equals the stated principal amount multiplied by the index performance factor of the worst performing underlying index. The filing states this "cash payment will be less than 75% of the stated principal amount of the securities and could be zero." The hypothetical payout table in the filing shows, for example, a $700.00 payment at maturity for a negative 30% change in the worst performing index, and $0.00 for a negative 100% change.

The filing identifies multiple risk factors. Investors are exposed to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co. The filing notes that "as a finance subsidiary, JPMorgan Financial has no independent activities and has limited assets." The estimated value of the securities will be lower than the original issue price, and secondary market prices are also expected to be lower. The issuer retains the right to redeem the securities early, in whole but not in part, at its sole discretion. The filing also states that "the U.S. federal income tax consequences of an investment in the securities are uncertain."

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus dated November 4, 2026, setting out the preliminary terms for 2-Year Contingent Income Callable Securities linked to three equity indices, with a projected maturity of November 16, 2028, and principal at risk if any index breaches its 75% downside threshold.