JP Morgan Chase & (JPM): Notes tied to three indexes, auto-call with 13.60% and 27.20% premiums
JPM FWP: 3yr auto-callable notes on Nasdaq-100, Russell 2000, S&P 500; 2.00x upside leverage, 70% barrier, priced Nov 30, 2026.
What this filing says
JPMorgan Chase Financial Company LLC is offering three-year notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes, guaranteed by JPMorgan Chase & Co. The notes can be automatically called early for a fixed premium if every index is at or above its starting level on an annual review date, and otherwise pay at maturity based on the weakest index. Investors may lose some or all of their principal, and the estimated value is stated as at least $900 per $1,000 note, likely below the price paid.
Key figures
- Upside leverage factor
- 2.00
- Barrier amount
- 70.00% of initial value
- First review call premium
- at least 13.60%
- Second review call premium
- at least 27.20%
- Minimum estimated value
- $900.00 per $1,000 note
- Maturity date
- December 5, 2029
Positive for shareholders
- Notes can be automatically called early for a stated premium if all underlyings are at or above their call values on a review date.
- Payment at maturity can exceed principal if the weakest underlying finishes above its starting value, scaled by a 2.00 leverage factor.
Negative for shareholders
- Investors may lose some or all of their principal at maturity.
- If any underlying finishes below its 70.00% barrier, losses exceed 30.00% of principal.
- Estimated value is at least $900 per $1,000 note and likely below the price paid.
- Payments depend on the credit of JPMorgan Chase Financial Company LLC and its guarantor JPMorgan Chase & Co.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Automatic call:
- A feature that ends the notes early and pays a set amount if the underlying indexes meet a required level on a scheduled date.
- Barrier amount:
- A threshold set at 70% of each index's starting value, below which the payment at maturity falls with the index's decline.
- Upside leverage factor:
- A multiplier applied to the gain in the weakest index to calculate the payment at maturity.
- Estimated value:
- The issuer's calculated worth of the notes at pricing, which is typically lower than the price investors pay.
FAQ
When could JPMorgan Chase Financial Company LLC's notes be automatically called?
The notes are automatically called on the first or second annual review date if every underlying is at or above 100.00% of its initial value, paying $1,000 plus the call premium of at least 13.60% or 27.20%.
What happens to the notes at maturity if an index falls below its barrier?
If the notes are not called and any underlying finishes below its 70.00% barrier, the payment is $1,000 plus the least performing underlying's return, so losses can exceed 30.00% and could reach all of the principal.
Historical context for JPM
Across the 24 sessions after earlier JPM headlines, the stock closed higher 15 times and lower 9 times, with a median move of 0.5% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | JPM | SPY |
|---|---|---|---|
| Oct 28, 2026 | JPMorganChase Updates 2027 Earnings Release Date Information | +1.0% | +0.3% |
| Oct 22, 2026 | J.P. Morgan Asset Management Expands Access to Its Tokenized Money Market Funds on Solanaand 1 other headline that session | +0.4% | -1.2% |
| Oct 20, 2026 | 55ip Expands UMA Offering to RIA Channel with J.P. Morgan Asset Management and BlackRock | +0.5% | +0.3% |
| Oct 19, 2026 | J.P. Morgan Releases 2027 Long-Term Capital Market Assumptions Projecting 7.0% Return for 60/40 Portfolio Over 10-15 Yearsand 1 other headline that session | -1.8% | +0.4% |
| Oct 16, 2026 | JPMorganChase Declares Preferred Stock Dividends | +1.2% | -1.1% |
| Oct 15, 2026 | Chase Brings AI Fraud-Fighting Advice to Consumers at 700 Chase Branches Nationwide | +0.1% | +0.3% |
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Major Banks
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