JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus on November 9, 2026, disclosing terms for 3-year non-call 6-month Auto Callable 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 8.00% per annum, paid monthly at a rate of at least 0.66667%, if the closing value of each underlying meets or exceeds its interest barrier on the applicable interest review date.
  • Interest and autocall barrier: The interest barrier and trigger value are each set at 70.00% of the applicable underlying's initial value.
  • Estimated value: The estimated value of the notes, when terms are set, will not be less than $900.00 per $1,000 principal amount note.
  • Principal at risk: According to the filing, if the final value of any underlying is less than its trigger value, investors "will lose more than 30.00% of your principal amount at maturity and could lose all of your principal amount at maturity."
  • Maturity date: November 29, 2029, with autocall review dates quarterly after an initial six-month non-call period and interest review dates monthly.
  • CUSIP: 46661QC60; minimum denomination is $1,000.

Terms and Risk Structure of the NDX/RTY/SPX Linked Notes

According to the filing, the notes are structured as auto callable contingent interest instruments with a three-year term and an initial six-month non-call period. If, on any quarterly autocall review date, the closing value of each of the three underlyings - the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index - is greater than or equal to its initial value, the notes will be automatically called. In that event, holders receive $1,000 plus the applicable contingent interest payment for that period, with no further payments made thereafter.

At maturity, if the notes have not been called and the final value of each underlying is at or above its trigger value (70.00% of initial value), the filing states holders receive $1,000 plus the final contingent interest payment. If, however, the final value of any underlying falls below its trigger value, the payment at maturity is calculated as $1,000 plus ($1,000 multiplied by the least performing underlying return), exposing holders to losses proportional to the worst-performing index. The filing's hypothetical table illustrates that a least performing underlying return of -50.00% would result in a maturity payment of $500.00, and a return of -100.00% would result in $0.00.

The filing discloses several selected risks, including that the estimated value is determined by reference to an internal funding rate and will be lower than the original issue price. It also notes that J.P. Morgan Securities LLC intends, but is not required, to offer to purchase the notes in a secondary market. The filing further discloses that JPMorgan Chase & Co. is currently one of the companies that make up the S&P 500 Index, and that the notes carry credit risk of both the issuer and the guarantor.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus under Rule 433 disclosing the preliminary terms, risk factors, and estimated value of auto callable contingent interest notes linked to three major U.S. equity indexes, with a pricing date of November 24, 2026, and maturity on November 29, 2029.