JPM Structured Notes Linked to NDX, RTY, SPX

Ticker: JPM · Form: FWP · Filed: 2026-04-07T14:51:10-04:00

Sentiment: neutral

Topics: structured-products, notes, indices, jpmorgan

Related Tickers: JPM, NDX, RTY, SPX

TL;DR

JPM launching 5yr structured notes on NDX/RTY/SPX, 70% barrier, maturity May 2031.

AI Summary

JPMorgan Chase Financial Company LLC is offering North America Structured Investments 5yr NDX/RTY/SPX Uncapped Accelerated Barrier Notes, with JPMorgan Chase & Co. as the guarantor. These notes, with a minimum denomination of $1,000, are linked to the Nasdaq-100, Russell 2000, and S&P 500 indices. The pricing date is April 27, 2026, with a maturity date of May 1, 2031. The barrier amount is set at 70.00% of each index's Initial Value.

Why It Matters

This filing details a structured product offering from JPMorgan, which allows investors to gain exposure to major indices with specific payout conditions tied to a barrier level.

Risk Assessment

Risk Level: medium — The notes carry market risk and credit risk of the issuer, with potential for principal loss if underlyings fall below the barrier.

Key Numbers

Key Players & Entities

FAQ

What are the specific indices underlying these notes?

The notes are linked to the Nasdaq-100 Index, Russell 2000 Index, and S&P 500 Index.

What is the barrier level for these notes?

The barrier amount is set at 70.00% of each Underlying's Initial Value.

When do these notes mature?

The maturity date for these notes is May 1, 2031.

Who is the issuer and guarantor of these notes?

JPMorgan Chase Financial Company LLC is the issuer, and JPMorgan Chase & Co. is the guarantor.

What is the minimum investment amount for these notes?

The minimum denomination for these notes is $1,000.

Filing Stats: 1,378 words · 6 min read · ~5 pages · Grade level 7.8 · Accepted 2026-04-07 14:51:10

Key Financial Figures

Filing Documents

From the Filing

SHEET North America Structured Investments 5yr NDX/RTY/SPX Uncapped Accelerated Barrier Notes The following is a summary of the terms of the notes offered by the preliminary pricing supplement highlighted below. Summary of Terms JPMorgan Chase Financial Company LLC JPMorgan Chase & Co. $1,000 Nasdaq - 100 Index , Russell 2000 Index and S&P 500 Index At least 1.61* With respect to each Underlying, 70.00% of its Initial Value (Final Value – Initial Value) / Initial Value April 27, 2026 April 28, 2031 May 1, 2031 46660RRY2 Issuer: Guarantor: Minimum Denomination: Underlyings: Upside Leverage Factor: Barrier Amount: Underlying Return: Pricing Date: Observation Date: Maturity Date: CUSIP: Preliminary Pricing Supplement: http://sp.jpmorgan.com/document/cusip/46660RRY2/doctype/Product_Termsheet/document.pdf Estimated Value : The estimated value of the notes, when the terms of the notes are set, will not be less than $900.00 per $1,000 principal amount note. For information about the estimated value of the notes, which likely will be lower than the price you paid for the notes, see the hyperlink above. Payment at Maturity If the Final Value of each Underlying is greater than its Initial Value, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + ($1,000 Least Performing Underlying Return Upside Leverage Factor) If the Final Value of one or more Underlyings is equal to or less than its Initial Value but the Final Value of each Underlying is greater than or equal to its Barrier Amount, you will receive the principal amount of your notes at maturity. If the Final Value of any Underlying is less than its Barrier Amount, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + ($1,000 Least Performing Underlying Return) If the Final Value of any Underlying is less than its Barrier Amount, you will lose more than 30.00% of your principal amount at maturity and could lose all of your principal amount at maturity. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC, as issuer of the notes and the credit risk of JPMorgan Chase & Co., as guarantor of the notes. * The actual Upside Leverage Factor will be provided in the pricing supplement and will not be less than 1.61. ** Reflects an Upside Leverage Factor of 1.61 for illustrative purposes. The hypothetical returns and hypothetical payments on the notes shown above apply only at maturity. These hypotheticals do not reflect fees or expenses that would be associated with any sale in the secondary market. If these fees and expenses were included, the hypothetical returns and hypothetical payments shown above would likely be lower. Hypothetical Returns on the Notes at Maturity** Underlying Performance Note Payoff at Maturity Payment at Maturity Underlying Return Hypothetical Payment at Maturity Hypothetical Note Return Hypothetical Least Performing Underlying Return $2,610.00 161.00% 100.00% $2,288.00 128.80% 80.00% $1,966.00 96.60% 60.00% $1,644.00 64.40% 40.00% $1,483.00 48.30% 30.00% $1,322.00 32.20% 20.00% $1,161.00 16.10% 10.00% $1,080.50 8.05% 5.00% $1,000.00 0.00% 0.00% $1,000.00 0.00% - 10.00% $1,000.00 0.00% - 20.00% $1,000.00 0.00% - 30.00% $699.90 - 30.01% - 30.01% $500.00 - 50.00% - 50.00% $400.00 - 60.00% - 60.00% $200.00 - 80.00% - 80.00% $0.00 - 100.00% - 100.00% J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com North America Structured Investments 5yr NDX/RTY/SPX Uncapped Accelerated Barrier Notes Your investment in the notes may result in a loss. The notes do not guarantee any return of principal. Your payment at maturity will be determined by the Least Performing Underlying. The benefit provided by the Barrier Amount may terminate on the Observation Date. You are exposed to the risk of decline in the value of each Underlying. Any payment on the notes at maturity is subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Therefore the value of the notes prior to maturity will be subject to changes in the market's view of the creditworthiness of JPMorgan Chase Financial Company LLC or JPMorgan Chase & Co. No interest payments, dividend payments or voting rights. The notes are subject to risks associated with non - U.S. securities. JPMorgan Chase & Co. is currently one of the companies that make up the S&P 500 Index. The notes are subject to the risks associated with small capitalization stocks. As a finance subsidiary, JPMorgan Chase Financial Company LLC has no independent operations and has limited assets. Selected Risks Selected Risks (continued) The estimated value of the notes will be lower than the original issue price (price to public) of the notes. The estimated value of the notes is determined by reference to an internal funding rate. The estimated value of the notes does not represent future values and may differ from others' estimates. The val

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