JPMorgan Chase Financial Company LLC is offering auto-callable notes linked to the MerQube US Tech+ Vol Advantage Index, with a 70.00% interest barrier. Investors face an estimated value below the original issue price, while secondary-market values can be affected by embedded costs, internal funding rates and hedging assumptions.

Key Highlights

  • Contingent interest is available only when the index closes at or above 70.00% of its initial value.
  • The notes’ estimated value is approximately $937.50 per $1,000 principal amount.
  • Securities are due October 7, 2031, and JPMORGAN CHASE & CO. Provides a full and unconditional guarantee.
  • Notes feature a 30.00% buffer, with 70.00% of the Index’s initial value serving as the interest barrier and buffer threshold.

JPMORGAN CHASE & CO. is a Banks - Diversified company. The securities are due October 7, 2031, and JPMORGAN CHASE & CO. provides a full and unconditional guarantee.

30% Buffer and Index-Linked Terms

The notes use 70.00% of the Index’s initial value as both the interest barrier and buffer threshold. Their buffer amount is 30.00%, while the Index level incorporates a daily deduction of 6.0% per annum. The securities may be automatically called under the terms described in the pricing supplement, and payments depend on the Index level on each review date.

Estimated Value Below Original Issue Price

If priced at the time described, the notes’ estimated value would be approximately $937.50 per $1,000 principal amount, and the final estimated value will not be less than $900.00 per $1,000. The original issue price exceeds that estimate because it includes selling commissions, projected hedging profits, estimated hedging costs and other expenses. Selling commissions paid to J.P. Morgan Securities LLC and other dealers cannot exceed $6.50 per $1,000 principal amount. The notes are not bank deposits, are not FDIC-insured or insured by another government agency, and are not bank obligations or guarantees.