JPMorgan Chase Launches High-Risk Enhanced Notes Linked to Major Indices

JPMorgan Chase & Co. has introduced a new financial product aimed at investors seeking enhanced returns tied to major stock indices. The $1.15 billion offering, priced on October 1, 2026, consists of Uncapped Buffered Return Enhanced Notes linked to the performance of the Dow Jones Industrial Average®, the Nasdaq-100 Index®, and the S&P 500® Index. These notes, due October 5, 2028, are designed to provide an uncapped return of 1.57 times the appreciation of the least performing index, but investors must be prepared to forgo interest and dividend payments and risk losing up to 90% of their principal.

The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co. Investors can purchase notes in minimum denominations of $1,000, with a public price of $1,000 per note and fees of $7 per note. The estimated value of the notes at issuance was $984.70 per $1,000 note. The payment at maturity depends on the performance of the indices, with a 10% buffer protecting against minor declines.

Investors should be aware of the significant risks involved, including the potential for substantial losses. The notes are not bank deposits, not insured by the Federal Deposit Insurance Corporation, and are subject to the credit risk of both the issuer and the guarantor. The product is scheduled to settle on or about October 6, 2026, with an observation date of October 2, 2028.