$JPM · JPMorgan Chase & Co.
A pricing supplement filed on October 29, 2026, describes an offering of $1,545,000 in Trigger Autocallable Contingent Yield Notes due November 2, 2027, issued by JPMorgan Chase Financial Company LLC and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the common stock of Blackstone Inc. They provide a contingent coupon at a 12.10% annual rate if Blackstone’s closing price on a quarterly observation date is at or above the coupon barrier of $70.24, which is 60% of the initial value of $117.06.
The notes will be automatically called on any quarterly observation date if Blackstone’s closing price is at or above the initial value, in which case investors receive the principal amount plus the coupon for that date and no further payments. If the notes are not called and the final value is at or above the downside threshold, also $70.24, investors receive the principal amount at maturity plus the final coupon. If the final value is below that threshold, investors receive less than the full principal amount, with losses proportional to the decline in Blackstone’s stock from the initial value. The initial value is based on Blackstone’s closing price on October 28, 2026.