JPMorgan Chase Financial Company LLC is offering $2,698,000 ($2.698 million) of structured notes at $1,000 per note, with JPMorgan Chase & Co. providing a full guarantee. The notes offer potential early Redemption tied to three indexes, but investors forgo interest and dividends and risk losing some or all principal at maturity.

Key Highlights

  • J.P. Morgan Securities LLC is acting as agent and will pay the $41.25 per $1,000 note selling commissions it receives to other dealers.
  • The estimated value when the notes’ terms were set was $936.50 per $1,000 principal amount.
  • The final review date is September 22, 2031, with a potential call premium of 50.50% × $1,000.

JPMorgan Chase & Co. fully and unconditionally guarantees a $2,698,000 ($2.698 million) structured-note offering from JPMorgan Chase Financial Company LLC, priced at $1,000 per note. The notes are expected to settle on or about September 25, 2026, and mature on September 25, 2031.

$2.698M Index-Linked Offering

JPMorgan Chase Financial Company LLC is the direct, wholly owned finance Subsidiary issuing the notes. The securities are unsecured and unsubordinated obligations of the issuer, while the related guarantee comes from JPMorgan Chase & Co. The notes are designed to allow an early exit at a premium if, on a review date, the closing level of each index is at least its call value. That call value is set at 100.00% of each index’s initial value. The notes are linked to the least-performing of the three indexes.

$1,000 Note Pricing

Each note has an original issue price of $1,000. The filing lists $958.75 per note as proceeds to the issuer after a $41.25 selling commission, producing total proceeds to the issuer of $2,586,707.50 from the $2,698,000 offering. J.P. Morgan Securities LLC, acting as agent, will pay the selling commissions it receives to other affiliated or unaffiliated dealers. The original issue price also incorporates projected hedging profits or losses, estimated hedging costs and any fees paid for third-party Data Analytics or electronic platform services. The notes’ estimated value is determined using several factors and an internal funding rate.

Proceeds Target Investor Demand

The proceeds are intended to meet Demand for products reflecting the risk-return profile and market exposure offered by the notes. The notes are not bank deposits.

Review Dates Run Through 2031

The potential call premium rises across the review dates, from 10.10% × $1,000 at the first review to 15.15% × $1,000 at the second, 20.20% × $1,000 at the third, 25.25% × $1,000 at the fourth, 30.30% × $1,000 at the fifth, 35.35% × $1,000 at the sixth, 40.40% × $1,000 at the seventh and 45.45% × $1,000 at the eighth. Each index has a barrier amount equal to 70.00% of its initial value.