JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus on November 6, 2026, disclosing terms for its 4-Year Non-Call 1-Year S&P 500 Auto Callable Review Notes with a Strike Date of November 5, 2026, and a Maturity Date of November 8, 2030.

Key Highlights

  • Issuer and guarantor: JPMorgan Chase Financial Company LLC is the issuer; JPMorgan Chase & Co. is the guarantor.
  • Minimum denomination: $1,000 per note, linked to the S&P 500 Index (CUSIP 46661Q6V2).
  • Barrier Amount: 75.00% of the Strike Value; if the Final Value falls below this level, investors may lose more than 25.00% of principal or all of their principal at maturity.
  • Minimum Call Premium: At least 8.95% per annum at the First Review Date, accumulating quarterly to at least 35.80% at the Final Review Date.
  • Estimated value: Will not be less than $960.00 per $1,000 principal amount note when terms are set, which the filing notes "likely will be lower than the price you paid for the notes."
  • Review structure: Quarterly review dates after an initial one-year non-call period; the Call Value is 100.00% of the Strike Value for Review Dates one through twelve, and 75.00% of the Strike Value at the Final Review Date.
  • Principal risk: According to the filing, "You may lose a significant portion or all of your principal at maturity."

Terms and Risk Profile of the SPX Auto Callable Review Notes

According to the filing, the notes are structured products issued by JPMorgan Chase Financial Company LLC, with JPMorgan Chase & Co. serving as guarantor. The Strike Date is November 5, 2026, the Pricing Date is November 9, 2026, and the Maturity Date is November 8, 2030. The notes are filed under Registration Statement Nos. 333-293684 and 333-293684-01 as a Free Writing Prospectus pursuant to Rule 433.

The filing discloses that the notes may be automatically called on any quarterly Review Date if the closing level of the S&P 500 Index is at or above the applicable Call Value. Upon an automatic call, holders would receive $1,000 plus the applicable Call Premium Amount per $1,000 principal amount note, with no further payments made thereafter. The Call Premium starts at a minimum of 8.95% at the First Review Date and steps up each quarter, reaching at least 35.80% at the Final Review Date. If the notes are not called and the Final Value is below the Barrier Amount of 75.00% of the Strike Value, the payment at maturity is calculated as $1,000 plus ($1,000 multiplied by the Index Return), which the filing states could result in a loss exceeding 25.00% or the total loss of principal.

The filing identifies several selected risks. It states that "any payment on the notes is subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co." It also discloses potential conflicts of interest, noting that J.P. Morgan and its affiliates act as calculation agent, hedge obligations under the notes, and set pricing assumptions, and that "such hedging or other trading activities of J.P. Morgan or its affiliates could result in substantial returns for J.P. Morgan and its affiliates while the value of the notes declines." The notes carry no interest payments, dividend payments, or voting rights.

What Was Disclosed

JPMorgan Chase Financial Company LLC disclosed a fact sheet summarizing terms for its 4-Year Non-Call 1-Year S&P 500 Auto Callable Review Notes (CUSIP 46661Q6V2), including call structure, barrier level, estimated value, and principal risk disclosures, with final terms to be set on the Pricing Date of November 9, 2026.