JPMorgan Chase Financial Company LLC is offering $1,475,000 of callable contingent interest notes tied to the least performing of three indexes, with payments of $8.75 per $1,000 note when conditions are met. Investors face conditional income, possible early Redemption and an estimated value below the $1,000 issue price.

Key Highlights

  • The notes use a 70.00% barrier, corresponding to initial trigger levels of 21,337.645 for the Nasdaq-100, 2,012.752 for the Russell 2000 and 5,435.29 for the S&P 500.
  • JPMorgan may first redeem the notes on March 25, 2027, subject to the applicable payment-date terms.
  • The notes are not bank deposits and carry no Federal Deposit Insurance Corporation or other governmental-agency insurance.

Structured Notes Carry Conditional Monthly Payments

JPMORGAN CHASE & CO is a diversified bank. JPMorgan Chase Financial Company LLC is the issuer, while JPMORGAN CHASE & CO provides a full and unconditional guarantee. Holders can receive $8.75 for every $1,000 principal amount on an applicable payment date if all three indexes meet their required closing levels. The stated contingent Interest Rate is 10.50% annually, paid at a monthly rate of 0.875%. The public price is $1,000 per note. Selling commissions total $7,375, leaving proceeds to the issuer of $1,467,625. J.P. Morgan Securities LLC will distribute its $5.00 commission per $1,000 note to affiliated or unaffiliated dealers.

Estimated Value Starts Below Public Price

The estimated value was $980.00 per $1,000 note when the terms were established, below the original issue price. The supplement says the difference includes selling, structuring and hedging costs, along with projected profits affiliates may earn from hedging obligations. JPMS-published values may remain above the then-current estimated value for a limited period. The notes are intended for investors able and willing to hold them until Maturity rather than for short-term trading.