JPMorgan Launches High-Risk Uncapped Accelerated Barrier Notes

JPMorgan Chase & Co. has unveiled a new financial product designed for investors seeking uncapped returns linked to the performance of major stock indices. The structured investment, known as Uncapped Accelerated Barrier Notes, is tied to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index®, and the Russell 2000® Index. These notes offer an upside leverage factor of at least 1.9575 times any appreciation of the worst-performing index at maturity, but investors must be prepared to forgo interest and dividend payments and risk losing some or all of their principal.

The notes are expected to price on or about October 15, 2026, and settle on or about October 20, 2026. They carry a minimum denomination of $1,000 and are fully guaranteed by JPMorgan Chase & Co. The payment on the notes is subject to the credit risk of both the issuer, JPMorgan Chase Financial Company LLC, and the guarantor. The maturity date is set for October 18, 2029, with an observation date of October 15, 2029.

Investors should be aware of the risks involved, including the potential for significant losses if the value of any index falls below its barrier amount of 70% of its initial value. The estimated value of the notes, if priced today, would be approximately $982.80 per $1,000 principal amount note, with a guaranteed minimum value of $900.00. The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation, and are not obligations of a bank.

The product is designed for those willing to take on higher risk for the potential of higher returns. The notes' payment at maturity will depend on the performance of the least performing index, with specific conditions outlined for different scenarios of index performance. This financial instrument is aimed at sophisticated investors who understand the complexities and risks associated with such structured products.