JPMorgan Chase Financial Company LLC filed a free writing prospectus on October 28, 2026, disclosing terms for Market Linked Securities with contingent fixed return and contingent downside, linked to the lowest performing of NVIDIA Corporation, The Home Depot, Inc., and Robinhood Markets, Inc. common stock, maturing November 9, 2027.

Key Highlights

  • Underlying stocks: The securities are linked to the lowest performing of NVDA, HD, and HOOD common stock, with the maturity payment determined solely by that lowest performer.
  • Contingent fixed return: At least 22.85% of principal (at least $228.50 per security), to be confirmed in the pricing supplement.
  • Threshold price: Set at 55% of each underlying stock's starting price, established on the strike date of October 27, 2026.
  • Estimated value: If priced on the date of the preliminary pricing supplement, the estimated value would be approximately $956.70 per security, and will not be less than $920.00 per security when final terms are set.
  • Principal at risk: If the ending price of the lowest performing stock falls below its threshold price, investors lose more than 45%, and possibly all, of the $1,000 principal amount per security.
  • Fees and commissions: 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 up to 0.075% for WFA and up to 0.20% payable by JPMS to selected dealers for marketing and other services.
  • Issue and maturity dates: Issue date is November 2, 2026 (subject to change), with a stated maturity date of November 9, 2027 (subject to postponement).

Structure and Payout Terms of the JPMorgan Linked Securities

According to the filing, JPMorgan Chase Financial Company LLC is the issuer of these securities, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. The securities are denominated at $1,000 per security and trade under CUSIP 46661QT62. The fact sheet was dated October 27, 2026, and filed pursuant to Rule 433 under Registration Statement Nos. 333-293684 and 333-293684-01.

The filing discloses that the maturity payment amount depends on the ending price of the lowest performing underlying stock relative to its threshold price, which is 55% of its starting price. If that stock's ending price is at or above the threshold, the investor receives $1,000 plus the contingent fixed return of at least 22.85%. If the ending price is below the threshold, the investor receives $1,000 plus $1,000 multiplied by the stock return of the lowest performing underlying stock, which the filing states could result in a loss of more than 45%, and possibly all, of the principal amount. The starting price for each underlying stock is its closing price on the strike date of October 27, 2026, not the pricing date.

The filing notes that the estimated value of the securities, as disclosed in the preliminary pricing supplement, would be approximately $956.70 per security if priced on that date, and will not be less than $920.00 per security when final terms are established in the pricing supplement. The filing further discloses that the securities are unsecured and unsubordinated obligations, are not bank deposits, and are not insured by the FDIC or any other governmental agency. Investors are subject to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co., according to the filing. J.P. Morgan Securities LLC serves as calculation agent.

What Was Disclosed

JPMorgan Chase Financial Company LLC filed a free writing prospectus disclosing preliminary terms for principal-at-risk market linked securities tied to NVDA, HD, and HOOD, with a contingent fixed return of at least 22.85%, a 55% threshold price, and a maturity date of November 9, 2027.