JPMorgan Chase Financial Co. LLC has filed a pricing supplement for $996,000 in Auto Callable Contingent Interest Notes linked to the capital stock of International Business Machines Corporation (IBM). This filing, submitted on November 3, 2026, is significant as it reflects the company's ongoing efforts to expand its investment offerings and cater to investor needs in a competitive market.

The notes are structured to provide contingent interest payments based on the performance of IBM's stock, specifically if its closing price meets certain thresholds. Investors will receive a contingent interest payment if the stock price is above 60% of the initial value on designated review dates. The notes are fully guaranteed by JPMorgan Chase & Co., indicating a strong backing for potential investors.

Background

JPMorgan Chase Financial Co. LLC, classified under the Standard Industrial Classification (SIC) 6021, operates as a national commercial bank. The company is a wholly owned finance subsidiary of JPMorgan Chase & Co., a major player in the financial services industry. The recent filing is part of a series of submissions made on the same date, demonstrating active engagement in the capital markets.

What the Filing Says

The filing details the issuance of $996,000 in notes, which are described as follows: "Auto Callable Contingent Interest Notes Linked to the Capital Stock of International Business Machines Corporation due November 2, 2028." The notes are designed for investors looking for contingent interest payments based on the performance of IBM's stock.

Key features of the notes include:

  • The notes will automatically call if the stock price meets the specified conditions on review dates.
  • Investors may receive contingent interest payments if the stock price is above the interest barrier.
  • The notes are unsecured and subject to the credit risks of both JPMorgan Chase Financial and JPMorgan Chase & Co.

Impact

This offering may attract a range of investors, particularly those interested in structured investments that provide potential for higher returns linked to stock performance. The contingent interest payments could appeal to investors looking for income while accepting the risks associated with stock market fluctuations.

What's Next

The notes are expected to settle on or about November 4, 2026. Further details about the performance of these notes and their reception in the market will likely emerge following their issuance.

This filing, accession number 0001918704-26-033997, highlights JPMorgan Chase Financial's proactive approach in the national commercial banking sector, as it seeks to innovate and offer products that meet the evolving needs of investors.