JPMorgan Chase Financial Co. LLC has submitted a preliminary pricing supplement for structured investment notes linked to the S&P 500 Futures Excess Return Index. This filing, dated November 2, 2026, signifies the company's ongoing efforts to enhance its product offerings in the competitive national commercial banking sector.

The notes are designed for investors who are looking for a return linked to the performance of the S&P 500 index. They offer an uncapped return of at least 1.545 times any appreciation, or a capped return equal to the absolute value of any depreciation, with a buffer amount of 20%. However, investors should be aware that they may forgo interest payments and could potentially lose up to 80% of their principal amount at maturity.

JPMorgan Chase Financial Co. LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co., operates under the Standard Industrial Classification of National Commercial Banks (SIC 6021). The company is incorporated in Delaware and has its business address at 383 Madison Avenue, New York, NY.

The filing indicates that the notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully guaranteed by JPMorgan Chase & Co. This structure introduces credit risk associated with both the issuer and the guarantor, which investors must consider.

The pricing of the notes is expected to take place on or about November 19, 2026, with settlement anticipated on or about November 24, 2026. The filing does not specify what happens next beyond these dates.

As the structured products market continues to evolve, JPMorgan's move to offer these notes highlights the competitive landscape in the national commercial banking sector, where financial institutions are constantly innovating to attract investors.