Alerian MLP Index ETN 424B Filings

JPMorgan Chase Financial Company LLC is offering Medium-Term Notes, Series A, Digital Equity Notes due February 15, 2028, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.

At maturity, if the S&P 500 final level is at least 90% of the initial level, investors receive a fixed threshold settlement amount expected between $1,115.80 and $1,135.90 per $1,000 note, capping upside. If the index falls more than 10%, losses are leveraged: for each additional 1% decline beyond the 10% buffer, the payoff falls by about 1.1111% of principal, down to zero, so investors can lose their entire investment.

The estimated value at pricing is expected between $968.70 and $978.70 per $1,000, below the issue price, reflecting selling commissions of up to 1.51% and hedging and structuring costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market liquidity. U.S. tax treatment is uncertain and discussed under an "open transaction" prepaid contract approach, with additional considerations for Section 871(m) for non-U.S. holders.

JPMorgan Chase Financial Company LLC is offering uncapped buffered return enhanced notes linked to the least performing of Alphabet Class A, Microsoft and Amazon common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an upside leverage factor of at least 2.53x any positive return of the worst-performing stock at maturity on August 10, 2029, following an observation date of August 7, 2029.

A 30.00% buffer protects principal against moderate declines, but if any reference stock falls by more than 30%, investors lose 1% of principal for each additional 1% drop, up to a maximum loss of 70.00% of principal. The notes pay no interest, provide no dividends or stockholder rights, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They are issued in minimum denominations of $1,000, are not exchange-listed, and may be difficult to sell before maturity.

If priced on the terms illustrated, the estimated value would be about $980.00 per $1,000 note and will not be less than $950.00 per $1,000 at pricing, reflecting embedded selling commissions, hedging costs and dealer margins.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Yield Notes linked to the lesser performing of the State Street SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ, Series 1 (QQQ), maturing on February 19, 2027. The notes pay a fixed interest rate of at least 7.46% per annum (at least 3.73% over the term), with monthly payments of at least 0.62167% of principal, regardless of fund performance.

Principal repayment depends on each fund’s final price versus its Trigger Value, set at 75.00% of its Initial Value. If the Final Value of each fund is at or above its Trigger Value, investors receive full principal plus the final interest payment. If either fund finishes below its Trigger Value, the maturity payment is reduced dollar-for-dollar with the decline of the lesser performing fund, using the formula $1,000 + ($1,000 × Lesser Performing Fund Return) plus the final interest payment, so investors can lose more than 25% and up to all principal.

The notes are expected to price on or about August 13, 2026 and settle on or about August 18, 2026. The indicative estimated value is approximately $988.80 per $1,000 note if priced on August 4, 2026, and will not be less than $960.00, reflecting embedded selling, structuring and hedging costs. The notes are not listed, may be difficult to sell, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 16, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked, on a worst-of basis, to the State Street SPDR S&P Regional Banking ETF, the State Street Utilities Select Sector SPDR ETF and the Nasdaq-100 Index.

Investors may receive a monthly contingent coupon of at least 11.35% per annum (0.94583% per month) when, on an Interest Review Date, the closing value of each underlying is at or above 70% of its initial value. The notes are automatically called on specified semiannual dates if each underlying is at or above its initial value, returning principal plus the applicable coupon.

If the notes are not called and, on the final review date, any underlying is below 60% of its initial value, repayment of principal is reduced one-for-one with the decline of the worst performer, potentially to zero. The estimated value is indicated at $975.60 per $1,000 note, with a minimum final estimated value of $900. Any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the lesser performing of the STOXX® Europe 600 Index and the EURO STOXX 50® Index, maturing on August 19, 2032.

The notes provide uncapped, unleveraged exposure to index appreciation with a Contingent Digital Return of at least 85.50%. If both indices finish at or above their initial levels, investors receive the greater of this digital return or the lesser-performing index return. If either index is below its initial level but both remain at or above 70.00% of initial value (the Barrier Amount), only principal is returned.

If either index finishes below its Barrier Amount, repayment is $1,000 plus $1,000 times the lesser-performing index return, so losses exceed 30% and can reach a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may be subject to early acceleration upon certain legal or regulatory changes.

JPMorgan Chase Financial Company LLC is offering Review Notes due August 23, 2028 linked to the lesser performance of the iShares Semiconductor ETF (SOXX) and the Nasdaq-100 Index (NDX), fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a $1,000 minimum denomination, no coupons and no dividends. They can be automatically called as early as February 18, 2027 if on a Review Date the closing value of each underlying is at or above 100% of its Initial Value. In that case, holders receive $1,000 plus a call premium that starts at at least 11.075% of principal and rises by Review Date up to at least 44.30% on the final Review Date.

If never called, principal is protected only by a 20% Buffer Amount. If the final value of either underlying is more than 20% below its Initial Value, the maturity payment is reduced 1-for-1 with the loss beyond 20%, for a potential loss of up to 80% of principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is $965.10 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC is offering capped structured notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., under a shelf registration. The notes run from an expected August 17, 2026 settlement to a August 17, 2028 maturity, with minimum denominations of $1,000.

At maturity, investors receive $1,000 plus index-linked upside at a 100% participation rate, but the additional amount is capped at a Maximum Amount of at least $300 per $1,000 note, implying a minimum maximum return of about 30%. If the index is flat, principal is repaid. If the index falls, the payoff is $1,000 plus $1,000 × Index Return, but not less than $950 per $1,000, so investors can lose up to 5% of principal while bearing full interim volatility.

The notes pay no interest, provide no dividends from index constituents, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed, and secondary market liquidity depends on J.P. Morgan Securities LLC. The issuer estimates that, if priced on the example date, the value would be about $960 per $1,000, and in any case not less than $950, reflecting embedded fees and hedging costs. U.S. tax counsel expects treatment as contingent payment debt instruments, requiring accrual of original issue discount, and the issuer currently expects Section 871(m) withholding not to apply to Non-U.S. holders.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, unsubordinated structured notes linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index, maturing on February 14, 2030.

Each note has a $1,000 denomination, 100% participation in any positive return of the Least Performing Index and a maximum additional amount of at least $706.50 per $1,000, capping the total maturity payment at no more than about 170.65% of principal. If all three indices finish above their initial levels, investors receive principal plus this capped upside.

If any index finishes below its initial level, the maturity payment equals $1,000 plus the Least Performing Index return, but not less than $950 per $1,000, so investors bear up to a 5% loss of principal. The notes pay no interest, provide no dividends, are not listed, and any sale before maturity may occur at prices below the original issue price. An example estimated value is $957.90 per $1,000, and will not be less than $900, reflecting structuring and distribution costs. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the product is expected to be treated as a contingent payment debt instrument for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the MSCI Emerging Markets Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on August 15, 2030, unless called earlier.

The notes may be automatically called on August 12, 2027 if the Index is at or above 100% of its initial level, paying $1,000 plus a call premium of at least $212.50 per note. If not called and the Index is higher at maturity, investors receive 1.40 times the Index’s gain. A 20% downside buffer applies, after which losses accelerate at a 1.25x rate, so a large Index decline can result in substantial or total principal loss.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The estimated value, if priced on the indicated date, is $985.40 per $1,000 note and will not be less than $960.00 per $1,000 at issuance.

JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq‑100 Index® and Russell 2000® Index, maturing August 15, 2031, in minimum denominations of $1,000. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not bank deposits or FDIC insured.

At maturity, if the Final Value of each Index is at least its Initial Value, investors receive $1,000 plus the greater of a Contingent Digital Return of at least 77.00% or the actual return of the least performing Index. If any Index is below its Initial Value but all are at or above a Barrier Amount of 70.00% of Initial Value, investors receive principal only. If any Index finishes below its Barrier Amount, principal is reduced 1% for each 1% decline of the least performing Index, down to a total loss.

The notes pay no interest and provide no dividends or equityholder rights. If priced on the date illustrated, the estimated value would be about $974.50 per $1,000, and will not be less than $900.00 at pricing, reflecting embedded selling commissions, hedging costs and dealer profits. Liquidity is limited because the notes are not exchange‑listed, and secondary prices are expected to be below the original issue price. Returns and repayment are subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co.

JPMorgan Financial is offering Auto Callable Contingent Interest Notes due September 2, 2032, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 18.00% per annum, evaluated monthly, but only when the Index closes at or above 70% of the Initial Value (the Interest Barrier); otherwise no interest is paid.

The notes may be automatically called quarterly starting March 1, 2027 if the Index is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments. If not called, at maturity investors receive $1,000 plus the final contingent interest if the Index is at or above a Trigger Value of 50% of the Initial Value; if the Final Value is below the Trigger, repayment is reduced 1% for each 1% Index decline, down to zero, so principal loss can be total.

The underlying Index is a leveraged, rules-based strategy on E-mini S&P 500 futures, targeting 35% implied volatility with exposure between 0% and 500%, and is reduced by a 6.0% per annum daily deduction, which drags performance and is a key input to note pricing. The estimated value, if priced today, would be $928.50 per $1,000 note, and will not be less than $900.00 at pricing, reflecting embedded fees, hedging costs and dealer profits. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. and will not be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to Advanced Micro Devices, Inc. stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date when AMD’s closing price is at or above 50.00% of the Initial Value, the Interest Barrier, with a Contingent Interest Rate of at least 21.00% per annum (5.25% per quarter).

The notes are automatically called if AMD’s price on any non-final Review Date is at or above the Initial Value, returning $1,000 principal plus the applicable contingent interest. If not called and AMD’s Final Value is below the Trigger Value, also 50.00% of the Initial Value, holders receive $1,000 + ($1,000 × Stock Return) and can lose a significant portion or all principal. The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000. An indicative estimated value is $949.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The notes will not be listed, may have limited liquidity, and expose investors to issuer and guarantor credit risk and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, maturing on August 26, 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes have a $1,000 minimum denomination and provide an uncapped upside at maturity equal to at least 1.80× any positive return of the least performing index. If all indices finish at or above 75% of their Initial Value (the Barrier Amount), principal is returned. If any index closes below its Barrier Amount, repayment is reduced 1% for each 1% decline of the least performing index from its Initial Value, potentially resulting in a total loss of principal.

The notes pay no interest, provide no dividends or equity rights, and are subject to the unsecured credit risk of both the issuer and guarantor. The indicative estimated value is approximately $970 per $1,000 note, and will not be less than $940 at pricing, reflecting embedded costs and hedging margins.

JPMorgan Chase Financial Company LLC is offering Buffered Digital Notes due September 10, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, on a non-basket basis.

For each $1,000 note, investors receive a fixed 8.70% Contingent Digital Return at maturity if the final level of the least performing index is at or above its initial level, or down by up to the 25.00% Buffer Amount. If any index falls by more than 25.00%, principal is reduced 1% for every 1% decline beyond the buffer, with a minimum repayment of $250 (a 75.00% loss of principal).

The notes pay no interest or dividends, are unsecured and unsubordinated, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000. If priced on the indicated date, the estimated value would be about $988.20 per $1,000, and will not be less than $900.00, reflecting embedded costs and hedging. Secondary market liquidity is not assured, and any sale before maturity may result in substantial loss.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on August 14, 2031, unless automatically called earlier.

Investors receive a Contingent Interest Payment for any Review Date on which the closing level of each Index is at or above 70% of its Initial Value (the Interest Barrier). Beginning with the sixth Review Date (earliest call date February 10, 2027), the notes are automatically called if the closing level of each Index is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and then terminating.

If the notes are not called and, on the final Review Date, the Final Value of any Index is below its Trigger Value (also 70% of Initial Value), the repayment of principal is reduced one-for-one with the decline of the Least Performing Index, potentially to zero. The illustrative minimum Contingent Interest Rate is 7.15% per annum, and the indicative estimated value is $944 per $1,000 note, not less than $900 at pricing. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the lesser performing of the iShares Silver Trust (SLV) and SPDR Gold Trust (GLD), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 denominations, are scheduled to price on or about August 7, 2026 and mature on August 12, 2031.

The notes may be automatically called quarterly starting August 11, 2027 if the closing price of one share of each fund is at least its Initial Value (100% Call Value), paying back principal plus a call premium starting at a minimum of 15.20% of principal on the first Review Date and rising to at least 76.00% by the final Review Date. The notes pay no interest and investors forgo upside beyond these premiums.

At maturity, if not called, principal is protected only by a 20.00% Buffer Amount. If either fund has fallen by more than 20%, repayment is reduced dollar-for-dollar based on the Lesser Performing Fund Return, with investors exposed to losses of up to 80.00% of principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced today, is about $968.30 per $1,000 note, and when set will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes due August 7, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to an unequally weighted basket: 65.00% S&P 500® Futures Excess Return Index, 25.00% MSCI EAFE® Index and 10.00% iShares® MSCI Emerging Markets ETF. At maturity, if the basket has appreciated, investors receive a leveraged upside of at least 1.98× the basket return; if the basket is flat or down but at or above the 80.00% barrier, principal is returned.

If the final basket value is below the 80.00% barrier, repayment is reduced one-for-one with the basket loss, so investors can lose more than 20% and up to 100% of principal. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000. If priced on the described terms, the estimated value would be about $976.50 per $1,000 note, and will not be less than $940.00, reflecting selling commissions and hedging costs. The notes will not be listed, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the lesser performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination, are expected to price on or about August 28, 2026, settle on or about September 2, 2026, and mature on August 31, 2029.

The notes may be automatically called starting September 1, 2027 if the closing level of each index is at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium of at least 15% on the first Review Date or at least 30% on the second. If not called and both indices finish above their Initial Values, investors receive an uncapped leveraged payoff of 2.25 times the appreciation of the lesser performing index. If either index finishes below its Initial Value but both stay at or above 70% of Initial Value (the Barrier Amount), principal is returned. If either index ends below the Barrier Amount, repayment is reduced 1% for every 1% decline of the lesser performing index, up to a total loss of principal.

The notes pay no interest or dividends and expose holders to full downside beyond the barrier and to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced today, would be about $938.40 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling commissions, hedging-related amounts and other costs.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable GEARS, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., at $10.00 principal amount per Security. Returns are linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%).

If on the July 28, 2027 Observation Date the Basket is at or above 100% of its Initial Basket Value, the notes are automatically called and pay a Call Price equal to principal plus a 15.00% Call Return, with no further participation in upside. If not called and the Basket Return at maturity is positive, payment equals principal plus the Basket Return multiplied by an Upside Gearing between 1.65 and 1.755. If the Basket Return is zero or negative but the Final Basket Value is at or above the 75.00% Downside Threshold, principal is repaid. If the Final Basket Value is below the Downside Threshold, repayment is reduced dollar-for-dollar with the negative Basket Return, up to total loss of principal.

The notes pay no interest or dividends and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. Selling commissions are $0.25 per $10 Security, and the indicative estimated value is $9.648, not less than $9.30 per $10 Security when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 7-year Step-Up Auto Callable notes linked to the J.P. Morgan Dynamic Blend℠ Index (ticker JPUSDYBL). The Index allocates between an equity futures index on the S&P 500 and a 2-year U.S. Treasury futures index while targeting 3.0% volatility, and its level is reduced by a 0.95% per annum daily deduction.

The notes have a $1,000 minimum denomination and a 100% participation rate in any positive Index performance at maturity if not called. The estimated value, when set, will not be less than $880 per $1,000 principal. Starting on the first annual Review Date, the notes are subject to automatic call if the Index is at or above the applicable Call Value, paying $1,000 plus a step-up Call Premium (at least 11.25% per annum on the first Review Date, rising on later dates). If never called and held to maturity on September 1, 2033, investors receive full principal repayment and, if the Index Final Value exceeds its Initial Value, an additional return equal to the Index Return times the Participation Rate, all subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering Step-Up Auto Callable Notes linked to the J.P. Morgan Dynamic Index, due September 1, 2033, in $1,000 denominations and fully guaranteed by JPMorgan Chase & Co. The notes provide full principal repayment at maturity if not automatically called, but pay no periodic interest.

On any of six annual Review Dates from September 1, 2027 through August 30, 2032, if the Index is at or above the applicable Call Value, the notes are automatically redeemed for $1,000 plus a call premium, with minimum premiums stepping up from 11.25% to 67.50% of principal. If not called and the Final Index Value exceeds the Initial Value, investors receive at maturity $1,000 plus 100% of Index appreciation; otherwise, they receive only principal.

The J.P. Morgan Dynamic Index targets 3.0% volatility via daily rebalancing between U.S. large-cap equity futures and 2-year U.S. Treasury futures and deducts an annual 0.95% Index fee. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, are not bank deposits or FDIC insured, and may be illiquid. The indicative estimated value is $889.70 per $1,000 note, and will not be less than $870.00 at pricing.

JPMorgan Chase Financial Company LLC is issuing Barrier Market Linked Notes linked to the SPDR® Gold Trust, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $1,000 principal amount, an expected trade date of August 13, 2026, and matures on or about August 16, 2028.

If a Barrier Event occurs at any time during the observation period (the ETF’s closing price exceeds an Upper Barrier set at the Initial Value plus 42.00%–45.00%), investors receive principal plus a fixed 8.00% Conditional Return at maturity, regardless of the ETF’s final performance. If no Barrier Event occurs and the Underlying Return is positive, the payoff is principal plus the full Underlying Return. If no Barrier Event occurs and the Underlying Return is zero or negative, only principal is repaid.

The effective maximum payment is between $1,420.00 and $1,450.00 per $1,000 Note. The Notes pay no periodic interest, are unsecured and unsubordinated, and will not be listed on any securities exchange. Price to public is $1,000, including up to $20 in selling commissions, for issuer proceeds of $980 per Note. The estimated value is about $969 today and will not be less than $930 per $1,000 at pricing, reflecting structuring and hedging costs. For U.S. tax purposes, JPMorgan currently intends to treat the Notes as contingent payment debt instruments, requiring annual accrual of original issue discount.

JPMorgan Chase Financial Company LLC is offering Series A Digital Equity Notes due August 15, 2028, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.

At maturity, holders receive cash based on the S&P 500 performance from the trade date (expected on or about August 11, 2026) to the determination date (August 11, 2028). If the final index level is at or above 87.50% of the initial level, investors receive a fixed threshold settlement amount expected between $1,149.60 and $1,175.50 per $1,000 note, implying a capped positive return. If the index declines by more than the 12.50% buffer, principal loss is leveraged: for each 1% drop beyond 12.50%, the loss is approximately 1.1429% of principal, up to a total loss.

The notes will not be listed, have no issuer redemption feature, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing is expected between $965.10 and $975.10 per $1,000, below the 100% issue price, reflecting selling commissions (up to 2.00%) and hedging and structuring costs. The U.S. tax treatment is uncertain; counsel considers it reasonable to treat the notes as prepaid open transactions, but the IRS could challenge this characterization.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering three-year auto-callable structured notes linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER. The notes provide 100% participation in any positive Index return if not called and if the Final Value exceeds the Initial Value, while returning full principal at maturity if not automatically called, subject to the issuers’ credit risk.

The notes have a minimum denomination of $1,000, a Pricing Date of August 31, 2026, annual Review Dates, a Final Review Date of August 31, 2029, and a Maturity Date of September 6, 2029. On any non-final Review Date, if the Index is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium Amount (at least 10.75% per annum for the first Review Date and at least 21.50% for the second), ending further payments.

The estimated value, when set, will not be less than $900 per $1,000 principal amount, lower than the issue price. The Index targets 5% annualized volatility and reflects a daily deduction of a 0.50% per annum index fee and a notional financing cost. Investors receive no interest, dividends, or voting rights and face numerous risks, including issuer and guarantor credit risk, limited liquidity, potential early call, and the possibility of receiving no more than principal at maturity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Step-Up Auto Callable Notes due September 6, 2029 linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD). The notes are issued in $1,000 minimum denominations and provide unsecured, unsubordinated exposure to the Index, subject to issuer and guarantor credit risk.

The notes may be automatically called on review dates in 2027 and 2028 if the Index closes at or above preset Call Values. Investors then receive $1,000 plus a Call Premium Amount of at least 10.75% on the first Review Date or at least 21.50% on the second, ending further payments. If not called, at maturity investors receive $1,000 plus an Additional Amount equal to $1,000 × Index Return × 100%, floored at zero, so principal is repaid in full but upside is contingent on Index appreciation.

The Index targets 5% annualized volatility, uses a dynamic leverage factor between 0% and 150%, and deducts a 0.50% per annum Index Deduction plus a notional financing cost tied to the Effective Federal Funds Rate, causing it to lag a comparable undeducted portfolio. The notes pay no interest or dividends, are not FDIC-insured, and have limited liquidity. The estimated value would be approximately $954 per $1,000 note if priced on the described date and will not be less than $900 when set.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the Class A common stock of Meta Platforms, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of at least 12.00% per annum (at least $30.00 per quarter per $1,000 note) for any Review Date on which Meta’s closing price is at or above 60.00% of the Initial Value, defined as the Interest Barrier. Missed coupons can be paid later if a subsequent Review Date meets the barrier.

The notes are auto callable on any Review Date other than the first and final if Meta’s price is at or above the Initial Value; investors then receive $1,000 plus the current and any unpaid contingent interest, and no further payments. If not called and the Final Value is at or above the 60.00% Trigger Value, repayment of principal plus applicable contingent interest is made at maturity on August 10, 2028. If the Final Value is below the Trigger Value, principal is reduced one-for-one with Meta’s decline, so investors can lose more than 40% and up to all of principal.

The notes price at $1,000 minimum denominations, with selling commissions up to $17.50 and a structuring fee up to $1.00 per $1,000 note. The estimated value would be approximately $960.00 per $1,000 note if priced on the reference date, and will not be less than $930.00 per $1,000 at pricing. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, not FDIC-insured, and do not provide dividends or direct equity exposure to Meta.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the lesser performance of the Russell 2000® Index and the iShares® MSCI Emerging Markets ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on February 10, 2028 and may be automatically called on August 13, 2027 if each underlying is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium of at least $251.50 per $1,000 note.

If not called and each underlying finishes above its Initial Value, investors receive an uncapped leveraged upside of 1.50× the return of the lesser performing underlying. A 10% buffer protects principal against moderate declines, but if either underlying falls by more than 10%, principal loss is linear beyond the buffer and can reach up to 90%. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is indicated at about $988 per $1,000 note, and may be as low as $900 when finalized, reflecting embedded costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is issuing $8,236,000 of Contingent Income Callable Securities due August 3, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the worst performing of the Nikkei 225, S&P 500 and S&P MidCap 400 indices and are principal-at-risk.

Investors may receive a 3.4375% quarterly contingent coupon ($34.375 per $1,000) only if, on each determination date, all three indices are at or above 75% of their initial levels (downside threshold levels of 48,271.515 for NKY, 5,617.29 for SPX and 2,818.98 for MID). The issuer can, at its discretion, redeem the notes early on any contingent payment date for par plus any due coupon.

If not redeemed, and each index finishes at or above its threshold, investors receive par plus the final coupon; if any index finishes below its threshold, the maturity payment equals par multiplied by the worst index’s performance factor, potentially resulting in a loss of more than 25% of principal and down to zero. The issue price is $1,000 per note, with an estimated value of $956.80 on the pricing date.

JPMorgan Chase Financial Company LLC is issuing $79,000 of Auto Callable Accelerated Barrier Notes linked to the iShares® Ethereum Trust ETF (ticker ETHA), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 denominations, priced on July 31, 2026 and are expected to settle on or about August 5, 2026, and mature on August 3, 2029.

The notes may be automatically called on August 6, 2027 if the ETF’s closing price is at or above the Call Value, paying $1,385 per $1,000 note (principal plus a $385 call premium). If not called and the Final Value exceeds the Initial Value of $14.07, investors receive 1.50 times the fund’s positive return at maturity. Principal is returned at maturity if the Final Value is at or above the Barrier Amount of 60.00% of the Initial Value. If the Final Value is below this barrier, repayment is reduced one-for-one with the fund’s loss, and investors can lose more than 40% and up to all principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and carry additional risks tied to ether’s high volatility and evolving digital-asset regulation.

JPMorgan Chase Financial Company LLC is offering $740,000 of Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on August 3, 2028, in $1,000 denominations and fully guaranteed by JPMorgan Chase & Co.

At maturity, investors receive 1.25 times any positive return of the lesser-performing index, capped at a 23.40% Maximum Upside Return. If the lesser index finishes between 0% and -20.00%, the payoff equals the absolute decline, up to a +20.00% gain. Below a -20.00% decline, principal is reduced 1% for each additional 1% loss, down to a minimum of $200 per $1,000, exposing investors to up to an 80.00% loss of principal.

The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The price to public is $1,000 per note, including $2.50 in selling commissions; the issuer’s estimated value is $987.10 per $1,000 note, reflecting embedded costs, hedging, and an internal funding rate.

JPMorgan Chase Financial Company LLC is offering $326,000 of Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, due August 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an upside leverage factor of 2.10x any positive Index performance at maturity, with no cap on gains.

The notes have a Barrier Amount equal to 70.00% of the Initial Value. If, on the July 31, 2031 Observation Date, the Index closing level is at or above this barrier, investors receive at least their $1,000 principal per note; if it exceeds the Initial Value, the payoff is $1,000 plus 2.10 times the Index return. If the Final Value is below the barrier, repayment is $1,000 plus the full Index return, exposing holders to losses greater than 30% and potentially a total loss of principal.

The notes pay no periodic interest, are issued in $1,000 minimum denominations, and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The price to the public is $1,000 per note, including selling commissions, with estimated value at issuance of $936.80 per $1,000. The notes will not be listed on any exchange, and secondary market liquidity and pricing, if available, will be influenced by JPMorgan affiliates’ internal funding and hedging costs.

JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes due September 6, 2029, linked to the worst performer among the S&P 500, Russell 2000 and Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if the Final Value of each index is at least its Barrier Amount of 70.00% of the Initial Value, investors receive the greater of (a) a Contingent Digital Return of at least 24.10% or (b) the actual return of the least performing index, on top of principal. If any index finishes below its Barrier Amount, repayment equals principal plus the return of the least performing index, exposing investors to losses greater than 30% and up to 100% of principal.

The notes pay no interest or dividends, are issued in $1,000 minimum denominations, and are unsecured obligations of JPMorgan Financial subject to the credit risk of both the issuer and guarantor. If priced on the indicated date, the estimated value would be about $977.30 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an Upside Leverage Factor of at least 1.06, so at maturity investors receive $1,000 plus 1.06 times any positive Index return when the Final Value is above the Initial Value.

The notes have a Barrier Amount at 75% of the Initial Value. If, on the September 2, 2031 Observation Date, the Index is at or above this barrier, principal is returned at the September 5, 2031 Maturity Date. If the Final Value is below the barrier, repayment is $1,000 plus $1,000 times the Index Return, exposing investors to losses greater than 25% and possibly a total loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are issued in minimum denominations of $1,000. An indicative estimated value is $973.30 per $1,000 principal amount, and the final estimated value will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Nasdaq-100® Technology Sector, the S&P 500® Index and the Russell 2000® Index, due September 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer at maturity at least 1.725x any positive performance of the least performing index, and a dual-direction feature that can provide up to a 30.00% positive return if that index has fallen but each index remains at or above 70.00% of its initial level. If any index finishes below this 70.00% barrier, repayment of principal is exposed one-for-one to the decline of the least performing index, with the potential for a total loss. Notes are issued in $1,000 minimum denominations, pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not exchange-listed, so liquidity will depend on JPMS making a secondary market.

JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due August 13, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest of 4.875% per annum, calculated on a 30/360 basis, in arrears on August 13, 2027, August 13, 2028 and at maturity, for each $1,000 principal amount.

Beginning on February 13, 2027 and ending on May 13, 2029, the issuer may redeem the notes on the 13th calendar day of February, May, August and November at par plus accrued interest, in whole but not in part. The price to the public is generally $1,000 per $1,000 principal amount, but for eligible institutional or fee-based advisory accounts it will be between $992.60 and $1,000. Selling commissions, paid by the issuer to dealers via JPMS, would be about $3.00 per $1,000 if priced on the indicated date and will not exceed $10.00 per $1,000. The notes are unsecured obligations, not bank deposits and are not insured by the FDIC.

JPMorgan Chase Financial Company LLC is offering Buffer Autocallable GEARS, unsecured notes linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (40%), Nikkei 225 (25%), FTSE® 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). The notes have a 3‑year term (trade date August 13, 2026; maturity around August 15, 2029) and a $10 denomination, with a minimum investment of $1,000.

If on the August 19, 2027 Observation Date the basket is at or above 100% of its initial value, the notes are automatically called and pay a fixed 12.00% Call Return ($11.20 per $10), with no further upside. If not called, and at maturity the basket is above its initial level, investors receive principal plus the positive basket return multiplied by an Upside Gearing between 1.601 and 1.801. If the final basket level is between 90% and 100% of the initial basket value, principal is repaid. Below 90%, losses increase 1% for each 1% decline beyond the 10% buffer, up to a 90% principal loss.

The issue price is $10.00 per note, including up to $0.25 in selling commissions (proceeds $9.75 to the issuer). The estimated value would be about $9.682 per $10 if priced on the indicated date and will not be less than $9.30. The notes pay no interest and provide no dividend exposure. Repayment depends on the credit of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co.; a default could result in loss of all invested principal.

JPMorgan Chase Financial Company LLC is offering capped structured notes linked to the least performing of the Nasdaq‑100 Index, the Dow Jones Industrial Average and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to price on or about August 31, 2026, settle on or about September 3, 2026, and mature on September 5, 2031.

At maturity, investors receive their $1,000 principal per note back in full, subject to the credit risk of JPMorgan entities, plus an Additional Amount equal to $1,000 × the return of the least performing index × a 150% Participation Rate, capped by a Maximum Amount of at least $837.50 per note. This implies a maximum total payment of at least $1,837.50 per $1,000 note, or a maximum return of at least 83.75%, if the least performing index gains enough by the September 2, 2031 observation date. If any index finishes at or below its initial level, the Additional Amount is zero and only principal is repaid.

The notes pay no interest or dividends, are not listed, and secondary liquidity depends on J.P. Morgan Securities LLC. The estimated value, if priced today, is $972.40 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling costs and hedging factors. For U.S. federal income tax purposes, the issuer currently intends to treat the notes as contingent payment debt instruments, requiring investors to accrue taxable original issue discount over the term.

JPMorgan Chase Financial Company LLC is offering unsecured Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on October 5, 2027.

At maturity, for each $1,000 note, investors participate one-for-one in any positive return of the lesser performing index up to a Maximum Upside Return of at least 35.00%, for a maximum payment of $1,350 if that index return is positive. If the lesser performing index is flat or down by up to the 10.00% Buffer Amount, investors receive a positive return equal to the absolute decline, up to 10%, for a maximum payment of $1,100 when the lesser performing index is down 10%.

If either index falls by more than 10%, investors lose 1% of principal for each 1% decline of the lesser performing index beyond the 10% buffer and can lose up to 90.00% of principal. The notes pay no interest or dividends, are not FDIC insured, will not be listed, and expose holders to the credit risks of JPMorgan Financial and JPMorgan Chase & Co. The estimated value would be approximately $981.50 per $1,000 note if priced on the reference date and will not be less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes due September 6, 2028, linked to the lesser performer of the Russell 2000® Index and the S&P 500® Index, in minimum denominations of $1,000, fully guaranteed by JPMorgan Chase & Co.

At maturity, if both indices are above their initial levels, the notes pay principal plus at least 1.215x the gain of the lesser-performing index. If the lesser-performing index is flat or down by up to the 10.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline, capped at $1,100 per $1,000 note.

If either index falls by more than 10%, principal is reduced 1% for each additional 1% decline in the lesser-performing index, for a maximum loss of 90.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not FDIC insured.

JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an uncapped upside of at least 1.86x any positive return of the lesser performing underlying at maturity and a 10% downside buffer. If either underlying falls more than 10%, principal is reduced 1% for every 1% decline beyond the buffer, for up to a 90% loss of principal. The notes pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000. The indicative estimated value is approximately $973.40 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs, and use of an internal funding rate.

JPMorgan Chase Financial Company LLC is offering 7-year auto-callable notes linked to the J.P. Morgan Multi-Asset Index, fully guaranteed by JPMorgan Chase & Co. The notes provide 100% participation in positive Index performance and are reviewed annually from August 26, 2026 through August 26, 2033.

On any annual Review Date before final maturity, if the Index level is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium of at least 11.25% per annum per $1,000 principal, and then terminate. If never called and held to the August 31, 2033 maturity, investors receive full principal repayment even if the Index has declined, and if the Final Value exceeds the Initial Value they also receive the Index Return multiplied by the 100% Participation Rate, all subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

The Index is a momentum-based, diversified futures strategy tracking a dynamic notional portfolio of up to 10 excess return futures-based indices, converted to U.S. dollars where needed, reduced by a 1.00% per annum daily deduction and designed around an initial 4.0% volatility threshold. The estimated value at pricing will be at least $900 per $1,000 note, which will likely be lower than the price paid, and the notes involve multiple risks including issuer and guarantor credit risk, limited liquidity, potential conflicts of interest, and complex futures and volatility dynamics.

JPMorgan Chase Financial Company LLC is offering Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on August 31, 2033. The notes are issued in $1,000 minimum denominations and pay no interest.

On each annual Review Date from 2027 to 2032, if the Index closes at or above the applicable Call Value (up to 101%–106% of the Initial Value), the notes are automatically called and pay $1,000 plus a fixed Call Premium (at least 11.25% to 67.50% of principal, depending on the year). If not called, at maturity investors receive full principal plus an Additional Amount equal to $1,000 × Index Return × 100% Participation Rate, with no cap and no downside below par, subject to issuer and guarantor credit risk.

The underlying Index is a rules-based multi-asset, futures-based, excess return index with a 1.00% per annum daily deduction and a target 4% volatility threshold. Key risks include credit risk of both JPMorgan entities, lack of liquidity and possible price discounts in secondary trading, conflicts of interest as an affiliate sponsors and calculates the Index, structural complexity and futures-related risks, and U.S. tax treatment as contingent payment debt instruments. The indicative estimated value is about $906.80 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, are expected to price on or about August 26, 2026, settle on or about August 31, 2026, and mature on August 29, 2031, subject to automatic call and acceleration provisions.

The notes may be automatically called on annual Review Dates starting August 30, 2027 if the Index closes at or above a specified Call Value, paying back principal plus a Call Premium of at least 9%, 18%, 27% or 36% of principal for the first through fourth Review Dates, respectively. If not called, at maturity investors receive full principal plus an Additional Amount equal to $1,000 × Index Return × 100% Participation Rate, floored at zero, providing uncapped upside but no interest payments. The Index embeds a 1.00% per annum daily deduction and targets a 4% volatility threshold using a momentum-based, multi-asset futures strategy. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, and are treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount.

JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes due August 12, 2030, linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide uncapped, unleveraged exposure to any appreciation of the least performing index at maturity and feature a Contingent Digital Return of at least 60.00% if the final level of each index is at or above its initial level. If any index finishes below its initial level but each remains at or above 70.00% of its initial value, investors receive only principal back. If any index closes below its 70.00% barrier, repayment is reduced 1% for each 1% decline of the least performing index, with the possibility of losing the entire principal.

The minimum denomination is $1,000. The indicative estimated value is $967.30 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded costs. The notes pay no interest or dividends, are unsecured, subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and are not expected to be listed, so liquidity will depend on dealer trading.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year auto-callable notes linked to the J.P. Morgan Multi-Asset Index (ticker MAX). The Index uses a momentum investment strategy across up to 10 futures-based indices, less a 1.00% per annum daily deduction, with an initial 4.0% volatility threshold.

The notes have a $1,000 minimum denomination and a 100% participation rate. On annual Review Dates, if the Index is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium of at least 9.00% per annum. If not called, and held to maturity on August 29, 2031, investors receive principal plus any positive Index Return, subject to issuer and guarantor credit risk; principal is repaid even if the Index has declined. The issuer’s estimated value will not be less than $900 per $1,000 principal, and may be lower than the purchase price. Key risks include credit risk of JPMorgan entities, index methodology and futures-market risks, potential illiquidity, early call limiting upside, internal valuation considerations, and tax uncertainty.

JPMorgan Chase Financial Company LLC is offering structured notes titled Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a $1,000 minimum denomination, price to public of $1,000 per note and an aggregate principal amount of $1,295,000, maturing on August 3, 2029, after pricing on July 31, 2026 and expected settlement on August 5, 2026. At maturity, investors receive 1.26 times any positive return of the lesser performing index, or a positive, uncapped return equal to the absolute value of any decline up to the 20.00% Buffer Amount; below this buffer, principal is reduced 1% for each additional 1% decline, with a minimum payment of $200 per $1,000.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at issuance is $980.00 per $1,000 note, lower than the issue price due to selling commissions, hedging costs and structuring fees, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, due August 10, 2029, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if each index finishes at or above its initial level, investors receive $1,000 plus the greater of the Contingent Digital Return of at least 48.25% or the least performing index’s return. If any index is below its initial level but all are at or above 70% of initial (the Barrier Amount), principal is returned. If any index closes below its barrier, repayment is $1,000 plus the least performing index return, so losses exceed 30% and can reach 100% of principal.

The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. An indicative estimated value is $979.80 per $1,000 note, and the final estimated value will not be less than $900, reflecting embedded selling, structuring and hedging costs. The notes are not exchange-listed, and secondary market prices are expected to be below the issue price. The issuer’s tax counsel views the notes as prepaid financial contracts treated as open transactions, though the IRS could disagree.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, which references an unfunded position in the Invesco QQQ Trust. The Index uses a rules-based volatility-targeting approach with exposure between 0% and 500% and applies a 6.0% per annum daily deduction, while QQQ performance is further reduced by a daily notional financing cost.

The notes have a $1,000 minimum denomination, a pricing date of August 31, 2026, and mature on September 5, 2031, with monthly interest review dates and quarterly autocall review dates after a one-year non-call period. Investors may receive a contingent interest rate of at least 18.00% per annum, paid monthly at a rate of at least 1.50% if the Index is at or above an interest barrier set at 75.00% of the Initial Value. If on any autocall review date the Index is at or above its Initial Value, the notes are automatically called at $1,000 plus the applicable contingent interest, and no further payments are made.

If not called and at maturity the Final Value is at or above the buffer threshold of 85.00% of the Initial Value, investors receive $1,000 plus the final contingent interest payment. If the Final Value is below this threshold, principal is reduced according to the formula $1,000 + [$1,000 × (Index Return + 15.00% Buffer Amount)], so investors will lose some or most of their principal. The estimated value, when set, will not be less than $900 per $1,000 principal amount, and all payments are subject to the credit risk of the issuer and guarantor, as well as numerous structural and index-related risks described in the risk disclosures.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the iShares Ethereum Trust ETF (ETHA), fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is expected to price on or about August 26, 2026 and settle on or about August 31, 2026, with maturity on August 30, 2029.

On the September 1, 2027 Review Date, if the ETF’s closing price is at or above 100% of its Initial Value, the notes are automatically called for $1,000 plus at least $265 per note, and no further payments are made. If not called, at maturity investors receive leveraged upside of 1.50× any positive ETF return, par if the Final Value is at or above 60.00% of Initial Value, or full downside exposure if it is below that barrier, with the potential to lose all principal.

The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and carry significant risks tied to ether and the ethereum network. The estimated value is about $927.30 per $1,000 note if priced today and will not be less than $900.00 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.