JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus on November 12, 2026, disclosing the terms of its 4-Year S&P 500 and Russell 2000 Uncapped Digital Barrier Notes with a Pricing Date of November 24, 2026, and a Maturity Date of November 29, 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, with CUSIP 46661QD77.
  • Contingent Digital Return: At least 50.25% at maturity, subject to index performance conditions on the Observation Date of November 25, 2030.
  • Barrier Amount: 75.00% of the Initial Value for each of the S&P 500 Index and the Russell 2000 Index.
  • Principal risk: If the Final Value of either index falls below its Barrier Amount, investors "will lose more than 25.00% of your principal amount at maturity and could lose all of your principal amount at maturity," according to the filing.
  • 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.
  • Payment determination: The payment at maturity is determined by the Lesser Performing Index return across both indices.

Terms and Risk Structure of the SPX/RTY Digital Barrier Notes

According to the filing, the notes are linked to two indices: the S&P 500 Index and the Russell 2000 Index. The Pricing Date is November 24, 2026, with a single Observation Date of November 25, 2030, and a Maturity Date of November 29, 2030. The filing states that if the Final Value of each index is greater than or equal to its Initial Value at maturity, the payment per $1,000 principal amount note will be $1,000 plus $1,000 multiplied by the greater of (a) the Contingent Digital Return or (b) the Lesser Performing Index Return. If the Final Value of either index is below its Initial Value but each index's Final Value remains at or above its Barrier Amount of 75.00% of its Initial Value, the filing states that investors will receive only the principal amount at maturity with no additional return.

The filing discloses that if the Final Value of either index falls below the Barrier Amount, the payment at maturity is calculated as $1,000 plus $1,000 multiplied by the Lesser Performing Index Return, which could result in a total loss of principal. The filing identifies the Contingent Digital Return as "at least 50.25%," with the actual rate to be set in the final pricing supplement. The filing also notes that JPMorgan Chase & Co. is "currently one of the companies that make up the S&P 500 Index," creating a potential conflict of interest that is listed among the selected risks.

The filing further discloses that the estimated value of the notes will be lower than the original issue price and is determined by reference to an internal funding rate. No interest payments, dividend payments, or voting rights are associated with the notes, according to the filing. Secondary market liquidity is not guaranteed: J.P. Morgan Securities LLC intends, but is not required, to offer to purchase the notes in the secondary market. The filing was made pursuant to Rule 433 under Registration Statement Nos. 333-293684 and 333-293684-01.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a Free Writing Prospectus summarizing the terms of 4-Year Uncapped Digital Barrier Notes linked to the S&P 500 and Russell 2000 indices, with a minimum Contingent Digital Return of 50.25%, a 75.00% barrier, and an estimated value of at least $900.00 per $1,000 note.