JPMorgan Chase Financial Company LLC filed a free writing prospectus (FWP) fact sheet dated October 27, 2026, covering market linked securities tied to the lowest performing of three underlying stocks and maturing November 9, 2027.

Key Highlights

  • Underlying stocks: The securities are linked to the American depositary shares of Alibaba Group Holding Limited (BABA), the ADSs of PDD Holdings Inc. (PDD), and the Class A common stock of Robinhood Markets, Inc. (HOOD).
  • Contingent fixed return: At least 23.90% of the principal amount (at least $239.00 per security), to be confirmed in the pricing supplement.
  • Threshold price: 55% of each underlying stock's starting price, set on the strike date of October 27, 2026.
  • Principal at risk: According to the filing, if the ending price of the lowest performing underlying stock is less than its threshold price, investors "will lose more than 45%, and possibly all, of the principal amount" at maturity.
  • Estimated value: The filing states that if the securities priced on the date of the preliminary pricing supplement, estimated value would be approximately $955.40 per security, and will not be less than $920.00 per security when final terms are set.
  • Fees: Up to 2.325% for Wells Fargo Securities, LLC, with dealers including Wells Fargo Advisors potentially receiving 1.75% of that fee, plus a distribution expense fee of 0.075% for WFA.
  • CUSIP: 46661QTD7; stated maturity date is November 9, 2027, with a principal amount of $1,000 per security.

Structure and Payout Terms of the JPMorgan BABA-PDD-HOOD Linked Securities

According to the filing, JPMorgan Chase Financial Company LLC is the issuer and JPMorgan Chase & Co. serves as the guarantor of these market linked securities. The strike date was October 27, 2026, with a pricing date of October 28, 2026, an issue date of November 2, 2026, and a stated maturity date of November 9, 2027. The calculation day is listed as November 4, 2027, subject to postponement. The securities are denominated in $1,000 increments.

The filing discloses that the maturity payment amount depends entirely on the lowest performing underlying stock. If that stock's ending price equals or exceeds its threshold price (55% of its starting price), the investor receives $1,000 plus the contingent fixed return of at least 23.90%. If the ending price falls below the threshold price, the investor receives $1,000 plus $1,000 multiplied by that stock's stock return, meaning full downside exposure to the decline from its starting price. The starting price for each underlying stock is its closing price on the strike date, not the pricing date, as the filing specifically notes.

The filing identifies J.P. Morgan Securities LLC as the calculation agent. It states that "the securities are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC" and that "any payment on the securities is subject to the credit risk of JPMorgan Financial, as issuer of the securities, and the credit risk of JPMorgan Chase & Co., as guarantor." The filing further notes that the securities are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency. Risk considerations disclosed include emerging markets risk and currency exchange rate risk specific to the Alibaba and PDD ADSs, as well as limited trading history noted for Robinhood Markets Class A common stock.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a fact sheet covering principal-at-risk market linked securities tied to BABA, PDD, and HOOD, maturing November 9, 2027, with a contingent fixed return of at least 23.90% and a 55% threshold price protecting against losses only above that level.