Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered equity notes linked to the S&P 500® Index, maturing on December 8, 2028. Each note has a $1,000 denomination and provides 1.00x upside exposure to any S&P 500® gain, capped at a maximum return of at least 33.00%, so the maximum payment at maturity is at least $1,330 per $1,000 note.

The notes include a 20.00% downside buffer: if the index ends flat or down by up to 20%, investors receive their principal back at maturity. If the index falls by more than 20%, holders lose 1% of principal for each additional 1% decline, for a potential loss of up to 80.00% of principal.

The notes pay no interest and provide no dividends from S&P 500® companies. They are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, subject to the credit risk of both the issuer and JPMorgan Chase & Co. If priced on the date referenced, the estimated value would be about $982.50 per $1,000 note and, when finally set, will not be less than $900.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on December 10, 2030. The notes target an uncapped payoff of at least 1.51 times any positive Index performance at maturity, with no periodic interest payments.

Principal is protected only up to a 20.00% buffer. If the Index falls more than 20.00%, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 80.00% of principal. The hypothetical payout table shows, for example, that a 10.00% Index gain would pay $1,151.00 per $1,000 note, while a 50.00% decline would pay $700.00.

Minimum denomination is $1,000. If priced on the illustrated date, the estimated value would be about $947.50 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions. Key risks include issuer and guarantor credit risk, no listing or guaranteed liquidity, potential negative roll returns in futures, basis risk versus the S&P 500® Index itself and complex, evolving U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on December 23, 2027 and fully guaranteed by JPMorgan Chase & Co.

The notes aim to pay at maturity at least 1.07705× any positive return of the least performing index, with no upside cap when all indices rise. If the least performing index finishes up to 20.00% below its initial level, investors receive a positive return equal to the absolute decline, allowing gains on moderate index losses.

If any index falls by more than 20.00%, principal is reduced 1% for each additional 1% drop in the least performing index, for a maximum loss of 80.00% (down to $200 per $1,000). The notes pay no interest or dividends, are unsecured, not FDIC insured, and may be illiquid. If priced today, the estimated value would be about $979.50 per $1,000, and will not be less than $940.00 when terms are set.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Alphabet Inc. (GOOGL), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on May 28, 2027, in minimum denominations of $1,000.

The notes pay a quarterly contingent interest rate of at least 14.45% per annum (3.6125% per quarter) only if Alphabet’s share price on a Review Date is at or above 70% of the Strike Value, which also serves as the Trigger Value. Missed interest can be paid later if a future Review Date meets the barrier. The notes are automatically called, with return of principal plus interest, if Alphabet’s price on any Review Date from May 26, 2026 (excluding the first and final dates) is at or above the Strike Value.

If the notes are not called and Alphabet’s final price is below the Trigger Value, investors lose 1% of principal for each 1% Alphabet has fallen from the Strike Value, up to a total loss of principal, and may receive no interest at all. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $967 per $1,000 note and will not be less than $950 per $1,000 when finalized, reflecting embedded structuring and distribution costs.

JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent buffered return enhanced notes linked to the EURO STOXX 50® Index, maturing on November 30, 2027. The notes may be automatically called on December 8, 2026 if the Index closes at or above the strike level, paying $1,000 plus a call premium of at least 15.06% per note on the call settlement date.

If not called and the Index ends above the strike, investors receive an uncapped leveraged upside of at least 1.50x the Index gain. If the Ending Index Level is at or up to 20% below the strike, principal is returned at maturity; below that buffer, principal loss is 1% for each 1% Index decline, up to total loss. The minimum denomination is $10,000. The estimated value is about $979.30 per $1,000 note and will not be less than $960.00, reflecting structuring, distribution and hedging costs. Key risks include loss of principal, issuer and guarantor credit risk, reinvestment and liquidity risk, complex tax treatment and potential conflicts of interest.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., plans to issue auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on December 23, 2030. The notes target investors seeking high, contingent quarterly interest of at least 9.50% per annum, paid only when the Index closes at or above 50% of its initial level on a review date.

The notes can be automatically called as early as December 18, 2026 if the Index is at or above its initial value on certain review dates, returning principal plus the applicable interest coupon. If the notes are never called and the Index finishes below the 50% trigger level at maturity, investors lose 1% of principal for every 1% Index decline, potentially up to a total loss. The underlying Index is complex, uses leverage up to 500%, and embeds a 6.0% yearly fee plus a financing cost, which drags performance and can cause the Index to underperform the QQQ Fund and similar strategies. The preliminary estimated value is about $904.40 per $1,000 note, with a final value not less than $900.00.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on November 30, 2027 and are issued in minimum denominations of $1,000.

Investors may receive a contingent monthly interest payment only when the closing level of each index on a Review Date is at or above 70% of its Strike Value. A hypothetical contingent interest rate of 11.50% per annum (0.95833% per month) is used for illustrations, and the actual rate will be at least this level and set at pricing. The notes can be called at the issuer’s option on certain Interest Payment Dates starting May 29, 2026, which would stop any future interest payments.

If the notes are not redeemed early and the Final Value of the least performing index is below its Trigger Value (70% of Strike), principal is reduced 1% for each 1% decline, potentially down to zero. The estimated value is currently indicated at approximately $979.80 per $1,000 note and will not be less than $940.00, lower than the issue price because it includes selling commissions, hedging costs and projected profits. The notes are unsecured, subject to the credit risk of both the issuer and JPMorgan Chase & Co., and will not be listed on any exchange.

JPMorgan Chase Financial Company LLC plans to offer auto callable accelerated barrier notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing in December 2028 and fully guaranteed by JPMorgan Chase & Co. Each note has a minimum denomination of $1,000. If, on the December 2026 review date, all three indices are at or above their call values, the notes are automatically called and pay back principal plus a call premium of at least $220 per $1,000 note.

If not called and each index finishes above its initial value at maturity, investors receive principal plus 150% of the gain in the least performing index. If any index finishes between 70% and 100% of its initial value, principal is returned. If any index closes below 70% of its initial value, principal is reduced one-for-one with the loss in the least performing index, up to a total loss. The preliminary estimated value is about $986.80 per $1,000 note, reflecting selling, structuring and hedging costs. The notes pay no interest or dividends and expose investors to issuer and market risk.

JPMorgan Chase Financial Company LLC is offering capped structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors who want index-linked upside over roughly five years, with a participation rate of 108.70% in any positive Index return, but with gains capped by a Maximum Amount of at least $500 per $1,000 note.

At maturity in December 2030, investors receive their $1,000 principal per note plus an Additional Amount based on Index performance, up to the cap. If the Index is flat or down, only principal is repaid, so there is no downside participation but also no interest payments over the life of the notes.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial and carry the credit risk of both the issuer and JPMorgan Chase & Co., and they are not bank deposits or FDIC insured. The indicative estimated value is about $948.20 per $1,000 note, and will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes will not be listed on an exchange, and secondary market liquidity and pricing may be limited.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent income in exchange for meaningful downside risk and limited upside.

The notes can pay a contingent interest rate of at least 10.50% per annum, paid quarterly (at least 2.625% per quarter), but only for review dates when the index closes at or above 60% of its initial value. Starting June 18, 2026, the notes are automatically called if the index is at or above its initial value, returning principal plus the applicable interest and ending all future payments.

If the notes are not called and the final index level is at least 60% of the initial value, investors receive principal back plus the last contingent interest payment. If the final level is below 60%, repayment is reduced one-for-one with the index loss, and investors can lose more than 40% and up to all of their principal.

The underlying index applies a 6.0% per annum daily deduction and a notional financing cost on QQQ exposure, which systematically drags performance versus a similar index without these charges. The notes are unsecured, not FDIC insured, not exchange-listed and carry credit risk of both the issuer and guarantor. If priced on the indicated date, the estimated value would be about $920.80 per $1,000 note, and will not be less than $900.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing December 5, 2030. The notes pay a quarterly contingent interest rate of at least 11.30% per annum (at least $28.25 per $1,000) only if, on a Review Date, the Index is at or above 60% of its Initial Value.

The notes are automatically called, starting June 1, 2026, if on any non‑first, non‑final Review Date the Index closes at or above its Initial Value, returning $1,000 plus the applicable interest, with no further payments. If held to maturity and the Final Value is at or above 60% of the Initial Value, investors receive $1,000 plus the final interest; if below, repayment is reduced one‑for‑one with the Index loss, potentially down to zero.

The underlying Index is a leveraged, volatility‑targeted E‑mini S&P 500 futures strategy subject to a 6.0% per annum daily deduction, which acts as a persistent drag on performance. The notes are unsecured obligations, exposed to the credit risk of both the issuer and guarantor. The preliminary estimated value is about $901.20 per $1,000 note and will not be less than $900.00 at pricing, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on December 5, 2030. The notes can pay a contingent interest rate of at least 14.00% per annum (at least 3.50% per quarter) when, on a Review Date, the Index is at or above 60.00% of its Initial Value. If on certain Review Dates (other than the first and final) the Index is at or above the Initial Value, the notes are automatically called and repay $1,000 per note plus the applicable interest, ending future payments.

If the notes are not called and the Final Value is below 60.00% of the Initial Value, repayment at maturity is reduced one-for-one with the Index decline, and investors can lose more than 40% and up to all of their principal. The Index itself includes a 6.0% per annum daily deduction, which creates a drag on performance compared with a similar index without this fee. These unsecured notes, in $1,000 minimum denominations, have an initial estimated value of about $932.20 per $1,000 and will not be less than $900.00 per $1,000 when priced.

JPMorgan Chase & Co. is offering $3,560,000 of callable fixed rate notes maturing on November 27, 2030. The notes pay interest at a fixed rate of 4.35% per annum, with interest paid annually on November 28, beginning in 2026, based on a 30/360 day count. The notes are issued at $1,000 per note, with proceeds to the issuer of $998.228 per $1,000 after fees.

Starting November 28, 2027, and on the 28th calendar day of May and November through May 28, 2030, JPMorgan may redeem the notes at par plus accrued interest on any Redemption Date. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency. In a JPMorgan group resolution under U.S. bankruptcy or Dodd-Frank Title II rules, losses could be imposed on noteholders after equity holders and ahead of subsidiary-level creditors, and recovery could be limited.

JPMorgan Chase & Co. is issuing $4,056,000 of callable fixed rate notes due November 28, 2033. The notes pay interest at 4.60% per annum, with interest paid annually on November 28, starting in 2026, using a 30/360 day count convention.

Beginning November 28, 2027, and then every February, May, August and November 28 through August 28, 2033, the issuer may call the notes at par plus accrued interest. At maturity, if not previously redeemed, investors receive principal plus any accrued and unpaid interest.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. Total proceeds to the issuer are shown as $4,023,192 after selling commissions of $7.777 per $1,000 note. In a JPMorgan group resolution, holders rank behind creditors of subsidiaries and priority and secured creditors.

JPMorgan Chase & Co. is offering $875,000 of Callable Fixed to Floating Rate Notes due November 28, 2045. The notes pay a fixed 10.00% per annum from issuance on November 28, 2025 through November 28, 2027, with interest paid in arrears on February 28, May 28, August 28 and November 28 each year.

After the initial period, the interest rate for each period is (7.55% − the Benchmark Rate) × 1.25, based on Compounded SOFR (or a Benchmark Replacement if a transition event occurs), with a minimum rate of 0.00% per annum. JPMorgan may redeem the notes in whole, but not in part, on the 28th of February, May, August and November from November 28, 2027 through August 28, 2045 at par plus accrued interest.

Per note, the price to the public is $1,000, including hedging costs, with selling fees of $24.796 and issuer proceeds of $975.204, for total estimated proceeds of $853,303.50. The notes are unsecured obligations of JPMorgan, structurally subordinated to subsidiary creditors, use a relatively new SOFR-based formula, are not designed for short-term trading, and are expected to be treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount.

JPMorgan Chase & Co. is offering callable fixed rate notes due December 12, 2040. The notes pay interest annually at a fixed rate of 5.15% per annum on each December 12, starting in 2026, until maturity or earlier redemption.

Beginning December 12, 2027, and every June 12 and December 12 thereafter through June 12, 2040, JPMorgan may redeem the notes in whole at par plus accrued interest. Investors therefore face reinvestment risk if the issuer calls the notes when market rates are lower.

The notes are unsecured obligations of JPMorgan Chase & Co., not bank deposits and not insured by the FDIC or any government agency. In a resolution of the firm under U.S. bankruptcy or Title II of Dodd-Frank, losses could be imposed on unsecured creditors, including these noteholders, after equity and structurally senior subsidiary creditors.

Pricing guidance indicates a public offering price between $962.60 and $1,000 per $1,000 principal amount, with selling commissions up to $47.50 per note in typical cases and about $17.00 if priced as of the described date.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Barrier Notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), maturing on December 31, 2026. These notes are designed to pay a fixed return of at least 15.00% at maturity if AMD’s final stock price on the observation date is at or above 50.00% of its initial price, called the Barrier Amount.

If AMD’s final price is below the Barrier Amount, repayment is reduced dollar for dollar with AMD’s decline from the initial level, so investors can lose more than half, up to all, of their principal. The notes do not pay periodic interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000.

The indicative estimated value is approximately $980.00 per $1,000 at launch and will not be less than $950.00 per $1,000, reflecting embedded selling commissions, structuring fees, hedging costs and dealer profits. Key risks include loss of principal, capped upside at the contingent digital return, lack of market liquidity, valuation below issue price in the secondary market, conflicts of interest from JPMorgan affiliates’ hedging and trading, and uncertain tax treatment, including potential future changes affecting prepaid forward-style instruments.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes pay a monthly Contingent Interest Payment of at least $15.4167 per $1,000 (a Contingent Interest Rate of at least 18.50% per annum) for any Review Date on which Palantir’s closing share price is at or above 60.00% of the Initial Value.

The notes may be automatically called on specified Review Dates (other than the first, second and final) if Palantir’s share price is at or above the Initial Value, in which case investors receive $1,000 plus the applicable Contingent Interest Payment and any previously unpaid Contingent Interest Payments, and the notes terminate early. If held to maturity and the Final Value is at least 50.00% of the Initial Value, investors receive $1,000 plus any due Contingent Interest Payments; if the Final Value is below 50.00%, repayment is reduced dollar-for-dollar with Palantir’s decline, and investors can lose most or all of their principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to its and JPMorgan Chase & Co.’s credit risk, offered in minimum denominations of $1,000. If priced on the date referenced, the estimated value would be approximately $958.30 per $1,000 note, and when set it will not be less than $900.00 per $1,000. The notes do not pay dividends, may not be liquid, and may never pay any Contingent Interest Payments if the stock stays below the Interest Barrier on all Review Dates.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,621,000 of Auto Callable Accelerated Barrier Notes linked to the iShares Ethereum Trust ETF (ticker ETHA), maturing on November 29, 2028. The notes may be automatically called on November 27, 2026 if the ETF’s closing price is at or above the Call Value, paying $1,000 plus a fixed call premium of $372.50 per $1,000 note.

If not called and the ETF rises above the Initial Value of $22.45, investors receive an uncapped payoff equal to 1.50 times the Fund’s gain. If the Final Value is at or above the Barrier Amount of 60% of the Initial Value, principal is returned; below that barrier, losses are one-for-one with the Fund’s decline and investors can lose all principal. The notes pay no interest, are unsecured obligations exposed to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and depend on a highly volatile ether-linked ETF. The price to public is $1,000 per note versus an estimated value of $900.60, and the notes are not exchange-listed, so secondary market liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering $470,000 of capped digital notes linked to the J.P. Morgan Dynamic BlendSM Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a Contingent Digital Return of 18.50% at maturity if the Index’s Final Value is at or above the Initial Value of 151.43, giving a fixed payout of $1,185 per $1,000 note in that case. If the Index finishes below the Initial Value, investors receive only their $1,000 principal per note, with no upside and no periodic interest payments.

The Index dynamically allocates between a U.S. large-cap equity futures index and a 2‑year U.S. Treasury futures index, targeting 3.0% volatility and deducting 0.95% per year, which can drag on performance. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not listed on any exchange, may have limited liquidity, and the estimated value at pricing, $938.70 per $1,000 note, is below the issue price because of fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Buffered Notes linked to the S&P 500® Index with a total offering size of $15,470,000 at $1,000 per note. The notes provide a fixed Contingent Digital Return of 7.02%, so if at maturity the index is at or above its initial level, or down by up to the 15% buffer, investors receive $1,070.20 per $1,000 note. If the index falls more than 15%, losses accelerate at a 1.17647x downside leverage factor, and investors can lose all principal. The notes price on November 24, 2025, mature on December 10, 2026, and have an estimated value of $981.80 per $1,000 note, reflecting selling commissions and hedging costs. Tax treatment is complex and may be affected by future IRS guidance, and the notes are intended to be held to maturity rather than traded.

JPMorgan Chase Financial Company LLC is offering medium-term structured notes linked to a basket of five international equity indices: the EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). Each note has a $1,000 principal amount, bears no interest, and matures on January 7, 2027, with JPMorgan Chase & Co. providing a full and unconditional guarantee.

At maturity, investors receive cash based on basket performance from the trade date to January 5, 2027. Upside is enhanced by a 150% participation rate but is capped so that the maximum settlement amount is expected between $1,133.20 and $1,156.30 per $1,000. A 10% downside buffer protects principal for basket declines up to 10%; below that, losses are leveraged at roughly 1.1111% for each additional 1% drop, and investors can lose all principal.

The notes will not be listed, and any secondary market would be made primarily by J.P. Morgan Securities LLC. The estimated value at pricing is expected between $974.80 and $984.80 per $1,000, reflecting embedded selling, structuring and hedging costs. Payments depend on the credit of both the issuer and JPMorgan Chase & Co., and the tax treatment is complex and subject to change.

JPMorgan Chase Financial Company LLC is offering $4,538,000 of auto callable notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, prices at $1,000, and carries selling fees of $42.5593 per note, leaving $957.4407 in proceeds to the issuer. The notes may be automatically called as early as November 27, 2026 if the Index closes at or above preset Call Values, paying back $1,000 plus a fixed Call Premium that steps up from 9.50% to 57.00% over six Review Dates.

If not called, at maturity on November 30, 2032 investors receive $1,000 plus an Additional Amount equal to the Index Return times a 100% participation rate, floored at zero, so principal is repaid in full but there are no interest coupons. The Index is a JPMorgan-designed, futures-based multi-asset strategy with a 1.00% per annum daily deduction, momentum-driven rebalancing and a 4% starting volatility target. Key risks include the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co., lack of liquidity, potential early call limiting upside, complex index methodology and the issuer’s right to alter payments after a commodity hedging disruption event. The estimated value at pricing is $925.90 per $1,000 note, below issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Return Enhanced Notes linked to the EURO STOXX 50^® Index. Each note has a $1,000 price to the public, with a total offering of $1,393,000 and an estimated value of $975.70.

On the review date, if the index is at or above the initial level of 5,528.67, the notes are automatically called and pay $1,000 plus a 12.55% call premium. If not called, and the index is above the initial level at maturity, investors receive an uncapped leveraged payoff based on 1.25 times the positive index return.

If the index is down by up to 15% at maturity, principal is returned. Below this 15% buffer, losses are magnified by a downside leverage factor of 1.17647, which can result in substantial or total loss of principal. The notes are unsecured, not bank deposits, and are not insured by the FDIC, with secondary market prices and liquidity subject to multiple market and valuation factors.

JPMorgan Chase Financial Company LLC is offering $944,000 of Uncapped Accelerated Barrier Notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes run from the pricing date to a scheduled maturity on November 30, 2027. At maturity, if both indices finish above their initial levels, investors receive their $1,000 principal plus 1.13 times the gain of the weaker index. If either index is at or below its initial level but both stay at or above 70% of their initial values, principal is returned.

If either index closes below its 70% barrier on the observation date, repayment is reduced one-for-one with the decline of the lesser-performing index, and investors can lose some or all of their principal. The notes pay no interest, provide no dividends, and are unsecured obligations subject to the credit risk of both the issuer and guarantor. The estimated value was $960.90 per $1,000 note, below the $1,000 price to the public.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,955,000 of Auto Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on May 30, 2028. The notes pay a monthly contingent coupon of $6.25 per $1,000 (a 7.50% per annum rate) only if on a Review Date each index is at or above 80% of its Initial Value; otherwise no interest is paid for that period. Starting May 26, 2026, the notes are automatically called if each index is at or above its Initial Value, returning $1,000 plus that month’s coupon.

At maturity, if not called and each index is at or above 70% of its Initial Value, investors receive $1,000 plus any final contingent interest. If any index closes below 70% of its Initial Value, principal is reduced one-for-one with the decline in the worst-performing index, and investors can lose more than 30% and up to all of their investment. The price to public is $1,000 per note, with selling fees reducing issuer proceeds to about $975.18 per note, and the initial estimated value is $940 per $1,000, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $522,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on November 29, 2030. The notes pay a quarterly contingent interest of $23.75 per $1,000 (a 9.50% per annum rate) only when the Index is at or above 50% of its initial level, and may be automatically called as early as November 24, 2026 if the Index is at or above its initial value on specified review dates.

If the notes are not called and the Index ends below the 50% trigger, investors lose principal in line with the Index decline and can lose their entire investment. The Index itself embeds a 6.0% per annum daily deduction, which drags on performance and can cause the Index to fall even when its underlying futures strategy is flat or modestly positive. The notes are unsecured obligations, carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., have an estimated value of $900.60 per $1,000 at pricing, and are expected to be illiquid and not exchange-listed.

JPMorgan Chase Financial Company LLC is offering $2,236,000 of Digital Equity Notes due January 14, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the EURO STOXX 50® Index and do not pay interest.

At maturity, for each $1,000 note, if the index level on the determination date is at least 85.00% of its initial level of 5,528.67, holders receive a fixed $1,186.00. If the index has fallen by more than 15.00%, repayment of principal is reduced on a leveraged basis (about 1.1765% loss for each 1% drop beyond the 15% buffer), and investors could lose their entire investment.

The original issue price is 100% of principal, with no underwriting commission, and net proceeds of 100% to the issuer. The estimated value is $991.70 per $1,000 note, reflecting structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, are not FDIC insured, will not be listed on an exchange, and have complex, uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering $2,624,000 of structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are autocallable from November 30, 2026, with fixed call premiums that step up from 16.25% to 81.25% of the $1,000 principal per note if the Index closes at or above its initial level on a Review Date.

If the notes are not called, principal is protected only down to a 30.00% decline in the Index; below that buffer, repayment is reduced so investors can lose up to 70.00% of principal at maturity. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance versus an otherwise similar index. The price to public is $1,000 per note, while the estimated value at pricing was $909.80, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is issuing $641,000 of callable contingent interest 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. The notes are scheduled to mature on November 29, 2030.

Investors can receive a contingent interest payment of $5.50 per $1,000 note (a 6.60% per annum rate, paid monthly at 0.55%) for each review date where the closing level of both indices is at least 75% of their initial values (the interest barrier). If either index is below its barrier on a review date, no interest is paid for that period.

The notes may be redeemed early at the issuer’s option on certain interest payment dates, starting November 30, 2026, at $1,000 per note plus any due contingent interest. At maturity, if not called and either index is below 85% of its initial value (the buffer threshold), principal is reduced 1% for each 1% decline beyond the 15% buffer, up to a maximum loss of 85% of principal. The estimated value is $939 per $1,000 note, reflecting fees, hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering $430,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of 10.50% per annum, or $26.25 per $1,000 per quarter, but only if on a Review Date the Index is at or above the Interest Barrier of 60.00% of the Initial Value (2,258.472). If the Index is below that level, no interest is paid for that quarter.

Starting May 26, 2026, the notes are automatically called if, on a Review Date (other than the first and final), the Index is at or above its Initial Value of 3,764.12. In that case, investors receive $1,000 plus the applicable interest and the investment ends early. If the notes are not called and the Final Value is at or above the Trigger Value (the same 60.00% level), investors receive $1,000 plus the final interest payment at maturity on November 29, 2028. If the Final Value is below the Trigger Value, repayment is reduced one-for-one with the Index decline, and investors can lose more than 40% and up to all of their principal.

The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, with selling commissions of $30 and an estimated value of $918.50 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $2,133,000 of Auto Callable Yield Notes linked to the lesser performing of the Russell 2000® and S&P 500® Index, maturing March 1, 2027. The notes pay interest at 8.15% per annum, or 0.67917% monthly, as long as they remain outstanding.

The notes are automatically called, returning $1,000 per note plus interest, if on any non‑final review date each index closes at or above its initial value. If not called, and at maturity both indices are at or above 70% of their initial levels, investors receive full principal plus the final interest payment. If at maturity either index is below 70% of its initial level, repayment is reduced in line with the decline of the lesser performing index, which can result in a loss of more than 30% and up to all principal. The estimated value at pricing was $981.40 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $150,000 of structured notes linked to the MerQube US Large-Cap Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as November 27, 2026 if the Index is at or above the Call Value, paying fixed call premiums ranging from $240 to $1,200 per $1,000 note. If the notes are not called and the Final Value is at or above a 50% Barrier Amount, investors receive full principal back; below the barrier, losses match the Index decline, up to a total loss.

The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and targets 35% implied volatility, but it is reduced by a 6.0% per annum daily deduction, which drags performance and can cause declines even when the strategy is mildly positive. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have limited liquidity, and are expected to have an initial estimated value of $901.20 per $1,000, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $4,463,000 of auto callable buffered equity notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on November 29, 2030 and fully guaranteed by JPMorgan Chase & Co.

The notes can be automatically called starting November 27, 2026 if the Index is at or above its initial level, paying back $1,000 plus a call premium of 24.50%, 49.00%, 73.50% or 98.00% of principal on successive review dates. If held to maturity and not called, investors get full upside of Index gains, principal back if the Index is down by up to the 15% buffer, and lose 1% of principal for each 1% drop beyond that, up to an 85% loss.

The underlying Index includes a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and mean the Index will trail a similar index without these charges. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, have an estimated value of $912.60 per $1,000 at pricing, and are not expected to be listed, limiting liquidity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Enhanced Participation Basket-Linked Notes due June 8, 2027 as Series A medium-term notes. Each note has a $1,000 principal amount and pays no interest. The payoff depends on an unequally weighted equity index basket: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).

At maturity, holders receive $1,000 plus three times any positive basket return, capped at a basket level of about 107.93%–109.31%, for an expected maximum payment of $1,237.90 to $1,279.30 per $1,000 note. If the basket falls below its initial level, principal is lost one-for-one and can be reduced to zero. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and have no issuer redemption feature.

The preliminary estimated value is expected between $967.80 and $977.80 per $1,000, reflecting embedded fees, hedging costs and dealer compensation, so secondary prices are likely below the original issue price. The tax discussion indicates the notes are reasonably treated as open transactions, but acknowledges material U.S. federal income tax uncertainty.

JPMorgan Chase Financial Company LLC has priced $2,090,000 of Capped Dual Directional Buffered Equity Notes linked to the lesser performer of the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on May 30, 2028, with a 15.00% downside buffer and a Maximum Upside Return of 29.00%, capping the payment at $1,290.00 per $1,000 note when the lesser performing index rises sufficiently.

If the lesser performing index declines by up to 15.00%, investors receive a positive return equal to the absolute decline, up to $1,150.00 per $1,000 note, but losses increase one-for-one beyond that level and can reach 85.00% of principal. 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 not listed, so secondary market liquidity may be limited. The estimated value at pricing was $955.20 per $1,000, below the $1,000 price to the public, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is issuing structured step-up auto callable notes linked to the J.P. Morgan Multi-Asset Index, with a total offering size of $1,090,000 and a maturity date of November 30, 2032. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., with a minimum denomination of $1,000.

The notes can be automatically called as early as November 24, 2026 if the Index closes at or above increasing Call Values of 101% to 106% of the Initial Value, paying principal plus call premiums of 8% to 48%. If not called, holders receive full principal at maturity plus any Index upside, based on a 100% participation rate and the Index Return, with no cap. The price to public is $1,000 per note, including $34 in fees and commissions, while the estimated value is $913.90, and investors face the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. along with extensive index, liquidity, and tax risks.

JPMorgan Chase Financial Company LLC is offering $1,428,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on November 30, 2027 and may be automatically called on November 27, 2026 if each index is at or above its Call Value, paying $1,000 principal plus a fixed Call Premium Amount of $97.50 per note.

If not called and both final index levels exceed their initial values, investors receive an uncapped payoff equal to 1.50 times the gain of the lesser performing index. If either index finishes below 70% of its initial value, investors lose 1% of principal for every 1% decline of the lesser performing index, up to a total loss. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of both issuers, are not FDIC insured and may be illiquid, with an estimated value at pricing of $944.80 per $1,000, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $76,000 of capped buffered equity notes linked to the S&P 500 Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and return 1.00x any index gain at maturity, capped at a 30% maximum return ($1,300 per $1,000 note). A 30% downside buffer protects principal against moderate declines, but if the index falls by more than 30%, investors lose 1% of principal for each additional 1% drop, up to a 70% loss of principal at maturity. Per $1,000 note, the price to public is $1,000, selling fees are $32.50, and issuer proceeds are $967.50, or $73,530 in total. The estimated value is $947.30 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs, and the notes carry the unsecured credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $878,000 of auto callable contingent interest notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the SPDR® S&P® Regional Banking ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at an annual rate of 11.40% (0.95% monthly) only if, on a Review Date, each underlying is at or above 70% of its Initial Value, with unpaid coupons accruing if that condition is later met. The notes are automatically called, at $1,000 plus the applicable coupon, if on certain Review Dates from May 26, 2026 onward each underlying is at or above its Initial Value. If not called and any underlying finishes below its 60% Trigger Value, principal is reduced one-for-one with the decline of the worst performer, and all principal can be lost. The estimated value is $972.80 per $1,000 note, below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured obligations, not deposits, and do not pay dividends from any underlying.

JPMorgan Chase Financial Company LLC is offering $2,000,000 of S&P 500®-linked digital equity notes, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are due on November 8, 2027 and are issued in $1,000 denominations.

The notes pay no interest. At maturity, investors receive $1,170 per $1,000 note if the S&P 500® final level is at least 90% of the initial level of 6,538.76. Below that 10% buffer, repayment of principal is reduced on a leveraged basis (about 1.1111x the drop beyond 10%), and investors can lose their entire investment.

The original issue price is 100% of principal, with a 1.44% underwriting commission and 98.56% net proceeds to the issuer. The initial estimated value is $983.10 per $1,000 note, reflecting structuring, hedging costs and dealer compensation. The notes are unsecured, subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange and involve complex U.S. tax treatment and potential conflicts of interest.

JPMorgan Chase Financial Company LLC is issuing $776,000 of Uncapped Accelerated Barrier Notes linked to the lesser performance of the iShares® MSCI EAFE ETF and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer an uncapped payoff of 1.8475 times any positive return of the weaker underlying at maturity, but only if both finish above their initial values. If either underlying finishes at or below its initial value yet at or above 70% of its initial value, investors receive only their $1,000 principal back per note. If either closes below 70% of its initial value, repayment is reduced one-for-one with the loss of the weaker underlying, down to a possible full loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, and will not be listed. The price to public is $1,000 per note, including $40.5058 in fees and commissions, with issuer proceeds of $959.4942; the estimated value was $922.20 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC priced $1,340,000 of Contingent Interest Notes linked to the lesser performing of the S&P 500® Index and the Russell 2000® Index, maturing on November 29, 2028. The notes pay a monthly contingent coupon at a 7.00% per annum rate (0.58333% per month) only if on each Review Date both indices close at or above 80.00% of their Initial Values; otherwise, no interest is paid for that period.

At maturity, if both final index levels are at or above their 80.00% Buffer Thresholds, investors receive full principal plus the final contingent coupon. If either index finishes below its Buffer Threshold, the payoff is reduced by the decline of the lesser performing index beyond the 20.00% buffer, and investors can lose up to 80.00% of principal. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on any exchange, and have an estimated value of $980.80 per $1,000 note versus a $1,000 price to the public.

JPMorgan Chase Financial Company LLC is offering $251,000 of structured notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq‑100 Index® and the Russell 2000® Index, maturing on May 30, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends. At maturity, if the final level of each Index is above its initial level, investors receive $1,000 plus an Additional Amount per $1,000 note equal to $1,000 × the least performing Index return × the 100.00% participation rate. If any Index finishes at or below its initial level, the payoff becomes $1,000 + ($1,000 × least performing Index return), but not less than $950.00 per $1,000 note, so investors may lose up to 5.00% of principal.

The price to public is $1,000 per note, including $30.00 in selling commissions, with an estimated value of $957.20 per $1,000 at pricing. Key risks include exposure to the worst performer among the three indices, lack of liquidity as the notes are not exchange‑listed, potential secondary market prices below issue price, and full exposure to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. for all payments.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,856,000 in auto callable contingent interest notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the Utilities Select Sector SPDR Fund, maturing on November 29, 2028.

The notes pay a monthly contingent coupon of 0.77083% (9.25% per year) per $1,000 note only if on each review date all three underlyings are at or above 70% of their initial values. Starting May 26, 2026, the notes are automatically called if on a review date (other than the first five and the final) each underlying is at or above its initial value, returning $1,000 plus that period’s coupon.

If the notes are not called and any underlying finishes below its 70% trigger at maturity, principal is reduced 1% for each 1% decline in the worst performer, and investors can lose up to their entire investment. The price to public is $1,000 per note, including $30 in selling commissions, with an estimated value of $943.60 based on JPMorgan’s internal models.

JPMorgan Chase Financial Company LLC is offering $1,016,000 of Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the SPDR S&P Regional Banking ETF, maturing on November 29, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon of $7.4583 per $1,000 (an 8.95% per annum rate) only if on a Review Date each underlying is at or above 70% of its initial level, with unpaid coupons potentially paid later if conditions are met. Beginning May 26, 2026, the notes are automatically called if on certain Review Dates each underlying is at or above its initial value, returning $1,000 plus applicable contingent interest.

If the notes are not called and any underlying finishes below 60% of its initial value, repayment at maturity is reduced in proportion to the decline of the least performing underlying, and investors can lose more than 40% or even all principal. The price to public is $1,000 per note, while the estimated value at pricing is $948 per $1,000, reflecting embedded selling, structuring and hedging costs, and the notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $792,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index due November 29, 2030. The notes pay a contingent interest rate of 9.55% per annum (0.79583% per month) for each monthly review date when the index closes at or above 70% of its initial level, with any missed coupons paid later once the barrier is met. The notes are automatically called on a quarterly review date if the index is at or above its initial value, starting as early as November 24, 2026, returning principal plus any due contingent interest.

If the notes are not called and the final index level falls below 85% of the initial value, principal is reduced 1% for each 1% decline beyond this buffer, up to a maximum loss of 85%. The index itself includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance and cause it to trail an equivalent index without these charges. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and were priced at $1,000 per note with an estimated value of $911.00 per $1,000 at issuance.

JPMorgan Chase Financial Company LLC is issuing $1,402,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of 8.60% per annum ($7.1667 per $1,000 monthly) only if, on a Review Date, the Index is at or above 70% of its Initial Value. Missed coupons can be paid later if the barrier is met on a subsequent Review Date.

The notes can be automatically called on certain Review Dates starting November 24, 2026 if the Index is at or above 95% of its Initial Value, returning $1,000 plus due coupons, with no further payments. At maturity in November 2030, if the notes are not called and the Index is at or above 85% of its Initial Value, holders receive $1,000 plus any due coupons; below that level, principal is reduced one-for-one beyond a 15% buffer, with up to 85% loss of principal.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and can cause the Index to lag a similar index without such charges. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the estimated value at pricing is $912.30.

JPMorgan Chase Financial Company LLC is issuing $269,000 of capped notes linked to the Dow Jones Industrial Average®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, mature on November 29, 2028, and offer 100% participation in Index gains, capped at a 16.50% maximum return (maximum payment of $1,165.00 per $1,000 note).

At maturity, if the Index is flat, investors receive $1,000. If it rises, they receive principal plus the Additional Amount, up to the cap. If it falls, they lose 1% of principal for each 1% decline in the Index, but the repayment will not be less than 95.00% of principal ($950.00 per $1,000 note).

The notes pay no interest, provide no dividends from Index constituents, and are unsecured and unsubordinated, subject to the credit risk of both issuers. The price to public is $1,000 per note, including $30 in fees and commissions, for net proceeds of $970 per note (total proceeds $260,930). The estimated value at pricing is $953.40 per $1,000 note.