JP Morgan Chase & (JPM): 2-year S&P 500 capped buffered notes, up to 22.75% max return
JPMorgan Chase Financial 2yr S&P 500 capped buffered notes, 18.75%-22.75% max return, 10% buffer, Nov 2028 maturity.
What this filing says
JPMorgan Chase Financial Company LLC is offering 2-year notes linked to the S&P 500 Index, guaranteed by JPMorgan Chase & Co. If the index rises, holders receive 1.5 times the gain, capped at a maximum return set on the pricing date and expected to be between 18.75% and 22.75%. If the index falls by up to 10%, principal is returned; beyond that, holders lose 1% for each 1% decline. Terms are not yet final, so the offering is still subject to pricing.
Key figures
- Upside leverage factor
- 1.50
- Maximum return
- 18.75% to 22.75%, to be determined on pricing date
- Buffer amount
- 10.00%
- Minimum denomination
- $1,000
- Estimated value floor
- $900.00 per $1,000 principal amount note
- Maturity date
- November 29, 2028
Positive for shareholders
- Principal is returned at maturity if the index falls by up to 10%.
- Holders receive 1.5 times any index gain, up to the maximum return.
Negative for shareholders
- Gains are capped at the maximum return, even if the index rises further.
- Losses can reach 90% of principal if the index falls 100%.
- Payment depends on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.
- Estimated value is at least $900 per $1,000 but is likely lower than the price paid.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Buffer amount:
- The percentage decline in the index that holders absorb before losing principal.
- Upside leverage factor:
- The multiple applied to the index gain to calculate the payment, here 1.50.
- Estimated value:
- The issuer's calculated worth of the notes at pricing, which is usually below the offering price.
- Guarantor:
- The parent company, here JPMorgan Chase & Co., that guarantees payment if the issuer cannot pay.
FAQ
How much can JPMorgan Chase notes linked to the S&P 500 return at most?
The maximum return is to be determined on the pricing date but will be between 18.75% and 22.75%.
How much could an investor lose on these JPMorgan Chase notes?
If the S&P 500 falls more than 10%, the investor loses 1% of principal for each further 1% decline, so up to $900 per $1,000 note.
Who backs payment on these JPMorgan Chase notes?
Payment is subject to the credit risk of JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor.
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 0.6% 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 |
|---|---|---|---|
| Nov 5, 2026 | Chase Travel Unveils 27 Trips to Take in 2027 and Previews Expanded Luxury Vacation Homes Offering | -4.2% | -4.4% |
| Nov 4, 2026 | JPMorganChase Files Form 10-Q for the Quarter Ended September 30, 2026 | +4.2% | +1.7% |
| 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% |
Keep researching JPM
- JPM insider tradesEvery buy and sale reported by JP Morgan Chase & Co. officers, directors and large holders.
- JPM earnings historyPast JP Morgan Chase & Co. earnings releases, newest first.
- JPM financial statementsRevenue, profit, cash flow and balance sheet from JP Morgan Chase & Co.'s SEC filings.
- JPM dividend historyDividends JP Morgan Chase & Co. has declared, with ex-dates and payment dates.
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