JPMorgan Launches Auto Callable Notes Linked to Multi-Asset Index

JPMorgan Chase & Co. has filed a preliminary pricing supplement for a new structured investment product, the Auto Callable Notes Linked to the J.P. Morgan Multi-Asset Index. These notes are designed for investors seeking early exit opportunities with premium payouts or uncapped exposure to the index's appreciation at maturity. The earliest automatic call date is November 3, 2027, with potential premiums ranging from 10.50% to 42.00% of the principal amount, depending on the review date.

The notes are expected to price on or about October 30, 2026, and settle on or about November 4, 2026. They carry a minimum denomination of $1,000 and are fully guaranteed by JPMorgan Chase & Co. The estimated value of the notes, if priced today, would be approximately $931.20 per $1,000 principal amount. However, the final estimated value will be provided in the pricing supplement and will not be less than $900.00 per note.

Investors should be aware that the notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, subject to the credit risk of both the issuer and the guarantor. The notes are not bank deposits, not insured by the Federal Deposit Insurance Corporation, and are not obligations of any bank. The product is linked to the J.P. Morgan Multi-Asset Index, which reflects a 1.00% per annum daily deduction.

The notes will have review dates on November 3, 2027, October 30, 2028, October 30, 2029, October 30, 2030, and October 30, 2031, with potential call settlement dates shortly thereafter. The maturity date is set for November 4, 2031. The notes offer a participation rate of 100.00%, meaning investors will receive full exposure to any appreciation of the index if the notes are not called early.