JPMorgan Chase Financial Company LLC filed a free writing prospectus (FWP) fact sheet on November 4, 2026 for Market Linked Securities due November 9, 2028, linked to the lowest performing of Arista Networks, Marvell Technology, and Amazon.com common stock.

Key Highlights

  • Principal amount: $1,000 per security (100% of par), with denominations in any integral multiple of $1,000.
  • Contingent coupon rate: At least 19.20% per annum, paid quarterly only if the lowest performing underlying stock closes at or above its threshold price on the related calculation day.
  • Threshold price: 50% of each underlying stock's starting price, set on the pricing date of November 6, 2026.
  • Auto-call feature: Securities are automatically called if the lowest performing stock closes at or above its starting price on any calculation day from May 2027 through August 2028, inclusive.
  • Downside risk: If not called and the lowest performing stock ends below its threshold price, investors may lose more than 50%, and possibly all, of the principal amount at maturity.
  • Estimated value: Approximately $931.80 per security as of the preliminary pricing supplement date; will not be less than $900.00 per security when final terms are set.
  • Fees: Up to 2.325% for Wells Fargo Securities, LLC, with sub-distribution fees and an additional up to 0.20% from JPMS to selected dealers.

Structure and Terms of the JPMorgan Chase Financial Auto-Callable Securities

According to the filing, the securities are issued by JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co., with payment fully and unconditionally guaranteed by JPMorgan Chase & Co. The issuer is identified in the filing under Registration Statement Nos. 333-293684 and 333-293684-01. The CUSIP for the securities is 46661QK46, and the calculation agent is J.P. Morgan Securities LLC.

The filing discloses that contingent coupon payments are made quarterly, calculated as ($1,000 multiplied by the contingent coupon rate) divided by 4, but only when the lowest performing underlying stock's closing price on the relevant calculation day is at or above its threshold price. A memory feature applies: if one or more coupon payments are missed because the lowest performing stock fell below its threshold price, those unpaid coupons may be recovered on a later calculation day when the threshold condition is met, though without interest on previously unpaid amounts, the filing states. Calculation days run quarterly on the 6th of February, May, August, and November, beginning February 2027 and ending November 2028.

The filing notes that the maturity payment at the stated maturity date of November 9, 2028, if the securities are not automatically called, equals $1,000 if the lowest performing stock closes at or above its threshold price on the final calculation day, or $1,000 plus $1,000 multiplied by that stock's negative return if it closes below the threshold. The filing cautions that "the securities are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC" and that any payment is "subject to the credit risk of JPMorgan Financial, as issuer of the securities, and the credit risk of JPMorgan Chase & Co., as guarantor of the securities." The filing also states the securities are not bank deposits and are not insured by the FDIC or any other governmental agency.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a fact sheet for auto-callable, principal-at-risk securities linked to Arista Networks, Marvell Technology, and Amazon.com, maturing November 9, 2028, with a contingent coupon of at least 19.20% per annum and an estimated value of approximately $931.80 per security.