Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $850,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, in $1,000 denominations. The notes pay a contingent monthly coupon at a 9.50% per annum rate (0.79167% per month) only if, on each Interest Review Date, the Index closes at or above 60% of its Initial Value.

The notes can be automatically called quarterly starting on November 24, 2026 if the Index is at or above its Initial Value, returning principal plus the applicable coupon but ending further payments. At maturity, if not called and the Index is below the 70% Buffer Threshold, principal loss is 1% for each 1% decline beyond the 30% buffer, up to a 70% loss. The Index embeds a 6.0% per annum daily deduction, which drags performance, and the notes are unsecured, unlisted obligations with an estimated value of $939.80 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $135,000 of capped buffered return enhanced notes linked to the Russell 2000® Index, maturing December 30, 2026. Each $1,000 note offers 2.00x any positive Index performance, capped at a maximum total return of 14.45%.

If the Index is flat or down by up to 15%, investors receive only their principal at maturity. If the Index falls by more than 15%, principal is reduced 1% for each additional 1% decline, up to a maximum loss of 85%, so repayment can be as low as $150 per $1,000 note.

The notes pay no interest, provide no dividends, and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not listed on any exchange, and secondary market prices are expected to be below the $1,000 issue price. The initial estimated value is $992 per $1,000 note, reflecting embedded structuring and hedging costs, and the tax treatment relies on "open transaction" treatment that could change if future IRS guidance applies.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,085,000 of Callable Contingent Interest Notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, due October 28, 2027.

The notes offer a contingent interest rate of 8.50% per annum, paid monthly as $7.0833 per $1,000 note, but only when the closing level of each index on a Review Date is at least 70% of its Initial Value

At maturity, if not redeemed early and each index is at or above its 70% Trigger Value, investors receive $1,000 plus the final contingent interest. If any index is below its Trigger Value, repayment is reduced one-for-one with the decline of the worst-performing index, potentially resulting in a total loss of principal. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $947.80 per $1,000 note, below the $1,000 issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,719,000 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 interest rate of 8.25% per annum (0.6875% per month) only if, on a Review Date, the Index closes at or above 85% of its Initial Value. Missed coupons can be paid later if the barrier is met on a subsequent Review Date.

The notes are auto-callable on certain Review Dates from May 26, 2026 if the Index is at or above the Call Value, returning principal plus the applicable coupon. At maturity, if not called and the Index has fallen more than 15% from its Initial Value, investors lose 1% of principal for each 1% drop beyond that buffer, up to a maximum loss of 85%. The underlying Index uses leverage, a 35% target volatility, and is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes priced at $1,000 per note, with an estimated value of $925.40 per $1,000 at issuance.

JPMorgan Chase Financial Company LLC is offering $670,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as November 27, 2026 if the Index is at or above the Call Value, paying back principal plus a preset call premium.

If never called, investors are protected against Index declines up to a 15% buffer, but can lose up to 85% of principal at maturity if the Index falls further. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance versus the QQQ Fund and similar indices without such charges. The notes pay no interest or dividends, are not FDIC insured, and priced at $1,000 per note with an estimated value of $907.20, and are expected to be illiquid with any sale depending on JPMS secondary market bids.

JPMorgan Chase Financial Company LLC is offering $927,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on May 27, 2027 and fully guaranteed by JPMorgan Chase & Co. Investors receive 1.12 times any positive return of the worst index at maturity, and if the worst index is down by up to 10%, they earn an uncapped positive return equal to that absolute decline.

If any index falls by more than 10%, principal is reduced 1% for each additional 1% drop in the worst index, up to a 90% loss of principal. The notes pay no interest, provide no dividends from the underlying indices, and will not be listed on an exchange. The price to the public is $1,000 per note, with estimated value of $957.60 per $1,000 at pricing, highlighting embedded selling, structuring and hedging costs in addition to issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering $10,200,000 of Auto Callable Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on November 29, 2028 and fully guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on November 30, 2026 if each index is at or above its Call Value, in which case investors receive $1,000 plus a fixed Call Premium Amount of $126.50 per note and the product terminates. If not called and each index finishes above its Initial Value at maturity, investors receive $1,000 plus 1.50 times the gain of the least performing index.

If not called and any index finishes below 70% of its Initial Value, principal is exposed one-for-one to the decline of the least performing index, up to total loss. The price to public is $1,000 per note, with estimated value of $953.80, and the notes pay no interest or dividends and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $679,000 of capped dual directional buffered equity notes linked to the lesser performing of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer unleveraged exposure to index moves, with a Maximum Upside Return of 16.60% and a 15.00% buffer that provides a positive return equal to the absolute value of any index decline up to that level.

Beyond a 15.00% decline in the lesser performing index, investors lose 1% of principal for each additional 1% drop, up to a maximum loss of 85.00% of principal at maturity. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The price to public is $1,000 per note, with estimated value at issuance of $986.20 per $1,000 principal amount.

JPMorgan Chase Financial Company LLC is offering $3,330,000 of step-up auto callable notes linked to the J.P. Morgan Dynamic BlendSM Index, maturing on November 30, 2032 and fully guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as November 30, 2026 if the Index closes at or above preset Call Values, paying back $1,000 per note plus a rising call premium from 8.50% on the first Review Date up to 51.00% on the sixth.

If the notes are not called, investors receive at maturity their $1,000 principal per note plus an Additional Amount equal to the Index’s positive return times a 100% participation rate; if the Index is flat or lower, only principal is repaid. The Index itself is a rules-based strategy allocating between S&P 500 futures and 2‑year U.S. Treasury futures, targeting 3.0% volatility and deducting 0.95% per year, which weighs on performance.

The price to public is $1,000 per note, with selling fees of $34 and issuer proceeds of $966 per note. The estimated value at pricing is $901.80 per $1,000, reflecting embedded costs and hedging. Key risks include lack of interest payments, potential early call limiting upside, index methodology and fee drag, liquidity limits, credit risk of the issuer and guarantor, and complex U.S. tax treatment as contingent payment debt instruments.

JPMorgan Chase Financial Company LLC is offering digital medium-term notes due November 8, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co., whose return is linked to the iShares 20+ Year Treasury Bond ETF (TLT). The notes pay no interest and are not principal protected. For each $1,000 note, if the final ETF level on the determination date is at least 90.00% of the initial level of $90.01, investors receive a fixed threshold settlement amount expected to be at least $1,147.00, capping upside at about 114.70% of principal. If the ETF falls more than 10.00%, losses are leveraged: for every additional 1% decline beyond the 10% buffer, the note loses approximately 1.1111% of principal, up to a total loss. The preliminary estimated value is expected between $966.40 and $976.40 per $1,000 note, reflecting embedded selling, structuring and hedging costs, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase & Co. is offering $3,000,000 of Callable Fixed Rate Notes due May 26, 2034. The notes pay fixed interest at 4.55% per annum, calculated on a 30/360 basis, with interest paid annually on November 28, starting in 2026 and continuing to 2033, and on the maturity date if the notes have not been called.

The issuer may redeem the notes at par plus accrued interest, in whole but not in part, on the 28th calendar day of February, May, August and November from November 28, 2027 through February 28, 2034. The price to the public is $1,000 per note, with selling commissions of $5.75 per $1,000 note and resulting proceeds to the issuer of $2,982,750. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, are not FDIC insured, and in a resolution scenario losses would be borne after equity but ahead of obligations of JPMorgan’s subsidiaries.

JPMorgan Chase Financial Company LLC is offering $2,908,000 of Buffered Callable Range Accrual Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on November 29, 2030.

The notes pay monthly interest at a variable rate up to a maximum of 5.60% per annum, based on how many trading days in each period the Index closes at or above 85% of its initial level of 6,705.12. If the index fails this test on all days in an interest period, the interest rate for that period is 0%.

At maturity, investors receive full principal back only if the Index final level is at or above 85% of the initial level; below that buffer, principal is reduced 1% for each 1% decline, with up to 85% of principal at risk. The issuer can redeem the notes monthly at par plus accrued interest starting November 30, 2026. The price to public is $1,000 per note, while the estimated value is $932.90, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,073,000 of Uncapped Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, maturing on November 29, 2029 and fully guaranteed by JPMorgan Chase & Co.

The notes provide 1.47x any positive return of the worst-performing index at maturity, with a 10% downside buffer. If any index falls more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90% loss. The notes pay no interest and do not provide dividends on the underlying stocks.

The price to the public is $1,000 per note, including $27 in fees and commissions, for issuer proceeds of $973 per note. The estimated value at pricing is $935 per $1,000 note, reflecting selling, structuring and hedging costs, and the notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $275,000 of Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 price to the public, with $41.25 in selling commissions and $958.75 in proceeds to the issuer.

The notes run to November 29, 2030 and provide 1.60x leveraged upside if the Index finishes above its Initial Value of 107.5094, with no cap on gains. If the Index is at or above the 70% barrier (75.25658) at maturity, investors receive back principal, but if it finishes below the barrier, repayment is reduced one-for-one with the Index loss, down to zero.

The notes pay no interest and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not bank deposits or FDIC insured and will not be listed on an exchange, so liquidity may be limited. The estimated value was $929.80 per $1,000 note at pricing, reflecting embedded selling costs and hedging factors.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Intel Corporation. The notes pay a quarterly Contingent Interest Payment of at least $31.25 per $1,000 note (at least 12.50% per annum) for any Review Date when Intel’s share price is at or above the Interest Barrier, set at 50.00% of the Strike Value of $35.83, or $17.915. Missed interest can be paid later if the barrier is met on a subsequent Review Date. The notes may be automatically called starting May 26, 2026 if Intel’s share price is at or above the Strike Value on a Review Date (other than the first and final), returning $1,000 plus due interest. If the notes are not called and the Final Value is below the Trigger Value, investors lose principal in line with Intel’s decline and may lose their entire investment.

JPMorgan Chase Financial Company LLC is offering $566,000 of Auto Callable Contingent Interest Notes linked to the worst performer of Chipotle, Costco and Oracle stock, fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of $12.6667 per $1,000 each month (a 15.20% per annum rate) only if, on the relevant review date, each stock closes at or above 60% of its initial price; missed coupons can be paid later if this condition is met.

The notes can be automatically called starting May 26, 2026 if all three stocks are at or above their initial values, returning $1,000 plus due coupons, ending the investment early. If held to the November 29, 2028 maturity and any stock finishes below 50% of its initial value, repayment is reduced one-for-one with the decline in the worst-performing stock, potentially leading to a loss of more than half, or even all, of principal. The price to public is $1,000 per note, while the issuer’s estimated value is $928.90, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase & Co. is offering $5,457,000 of 4.75% callable fixed rate notes due November 28, 2035. The notes pay annual interest in arrears each November 28, beginning in 2026, at a rate of 4.75% per annum on each $1,000 principal amount, using a 30/360 day count convention.

Starting November 28, 2027 and on the 28th of May and November each year through May 28, 2035, JPMorgan may redeem the notes in whole at par plus accrued interest. If not called, investors receive principal plus accrued interest at maturity.

The price to the public is $1,000 per note, with up to $17.583 per $1,000 of selling commissions; total proceeds to the issuer are $5,362,341.25 after $94,658.75 of fees and commissions. The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to subsidiary creditors, and could be exposed to loss under U.S. “single point of entry” resolution strategies. They are not bank deposits and are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $554,000 of Auto Callable Accelerated Barrier Notes linked to the least performing of the Russell 2000 Index, the Nasdaq-100 Index and the Utilities Select Sector SPDR Fund, due November 29, 2029. The notes are sold in $1,000 denominations at $1,000 per note, with fees and commissions of $37.50 per note and proceeds to the issuer of $962.50 per note, or $533,225 in total.

The notes may be automatically called as early as November 27, 2026, paying back principal plus a call premium of 16% to 28% depending on the review date. If held to maturity and not called, investors receive 1.50 times any positive return of the least performing underlying, full principal back if the least performing stays at or above 70% of its initial value, and a one-for-one loss below that barrier, up to total loss of principal. The estimated value at pricing was $908.50 per $1,000 note, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is issuing $200,000 of Auto Callable Contingent Interest Notes linked to the iShares Bitcoin Trust ETF, guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of $11.875 per $1,000 (a 14.25% per annum rate) only when the ETF’s closing price is at or above 70% of the initial value of $50.57. The notes may be automatically called quarterly starting May 26, 2026 if the ETF closes at or above the initial value, returning principal plus the applicable coupon. If the notes are not called and the final ETF value is below the 70% trigger, repayment is reduced one-for-one with the ETF loss, and investors can lose more than 30% or even all principal. The estimated value at issuance is $902.60 per $1,000, below the $1,000 price, reflecting fees, hedging costs and JPMorgan’s internal funding rate, and the notes are unsecured, subject to JPMorgan credit and bitcoin-related volatility and regulatory risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to the Energy Select Sector SPDR Fund (XLE) and the iShares Russell 2000 ETF (IWM), maturing on November 30, 2028. Investors may receive a quarterly Contingent Interest Payment of at least $28.125 per $1,000 note (a rate of at least 11.25% per annum) for any Review Date where the closing price of one share of each fund is at or above its Interest Barrier.

The Strike Values were set on November 25, 2025 at $88.61 for XLE and $245.13 for IWM, with Interest Barriers and Trigger Values equal to 75.00% of those levels, or $66.4575 and $183.8475, respectively. The notes are automatically called, with principal plus interest, if on any applicable Review Date the closing price of one share of each fund is at or above its Strike Value.

If the notes are not called and, on the final Review Date, the Final Value of either fund is below its Trigger Value, repayment of principal is reduced one-for-one with the decline of the lesser performing fund and investors can lose more than 25% and up to all of their principal. The estimated value is indicated at approximately $960.00 per $1,000 note and will not be less than $940.00 when set, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is offering $500,000 of Auto Callable Contingent Interest Notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note can pay a monthly Contingent Interest Payment of $15.9583, equal to a 19.15% per annum contingent interest rate, when AMD’s closing price on an Interest Review Date is at least 50% of the $203.78 Strike Value (an Interest Barrier of $101.89).

The notes may be automatically called quarterly starting May 21, 2026 if AMD’s price is at or above the Strike Value, returning $1,000 plus the applicable contingent interest, with no further payments. If not called and AMD’s final price on November 21, 2028 is below the Trigger Value of 50% of the Strike Value, investors lose principal in line with AMD’s decline and can lose all of their investment.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and will not pay dividends on AMD. The price to public is $1,000 per note, including $3.50 in selling commissions, while the estimated value at pricing was $978.10 per $1,000 note.

JPMorgan Chase & Co. is issuing $4,440,000 principal amount at maturity of callable zero coupon notes due November 25, 2050. The notes are sold at an original issue price of $222.638 per $1,000 principal amount, with no periodic interest and a yield to maturity of 6.10% per year, compounded semiannually.

JPMorgan may redeem the notes in whole, but not in part, on May 26 and November 26 of each year from November 26, 2027 through May 26, 2050 at the applicable accreted principal amount shown in the accretion schedule. At maturity, if not previously called, holders receive 100% of the outstanding principal amount. Total proceeds to JPMorgan are $955,272.72 after $33,240 in fees and commissions, based on a total price to the public of $988,512.72.

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 resolution or bankruptcy scenario, holders’ claims would be junior to creditors of JPMorgan’s subsidiaries and to priority and secured creditors, meaning recovery could be limited. Tax counsel expects the notes to be issued with original issue discount for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked securities with a total price to the public of $1,185,000, each with $1,000 principal amount, linked to the lowest performer among the S&P 500, Dow Jones Industrial Average, Nasdaq-100 and EURO STOXX 50 indices, maturing on December 4, 2026.

At maturity, if the lowest-performing index finishes above its starting level, investors receive their $1,000 principal plus 100% of that index’s gain, capped at a maximum upside return of 12.55% ($1,125.50 total). If the index ends at or below its starting level but no more than 15% lower (down to 85% of its start), investors receive their principal plus the index’s absolute value return, so moderate declines can still produce gains.

If the lowest-performing index falls more than 15%, principal is reduced 1‑for‑1 beyond the 15% buffer, so losses can reach up to 85% of principal. The estimated value at pricing was $962.40 per security, below the $1,000 issue price, reflecting selling commissions and hedging costs, and the securities are unsecured, not bank deposits, and not FDIC insured.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing market-linked structured securities tied to the iShares Bitcoin Trust ETF (IBIT) maturing on November 29, 2028. Each security has a $1,000 principal amount and offers 200% leveraged upside participation in IBIT, subject to a maximum return of 88.90%, for a maximum maturity payment of $1,889 per security.

The structure includes a 20% downside buffer, with a threshold price of $40.456 (80% of the $50.57 starting price). If IBIT falls below this threshold at maturity, investors incur 1‑for‑1 losses beyond the 20% buffer, potentially losing up to 80% of principal. The total price to the public is $1,697,000, with selling fees and commissions of $47,940.25 and issuer proceeds of $1,649,059.75. The estimated value at pricing was $925.40 per security, below the issue price, reflecting selling, structuring and hedging costs.

The notes are principal at risk, unsecured obligations, not bank deposits and not FDIC insured. They depend on IBIT’s performance and carry additional risks tied to bitcoin’s volatility, evolving regulation, operational issues at bitcoin venues, and potential divergence between IBIT’s market price and the value of its underlying bitcoin.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the EURO STOXX 50® Index. The notes have a term of about two years with a potential automatic call on the December 9, 2026 review date if the index closes at or above its initial level, paying $1,000 plus a call premium of at least 11.89% per note. If not called and the index ends at or above its initial level on November 26, 2027, investors receive $1,000 plus the greater of the index return or a contingent minimum return of at least 23.78%. A 10.00% downside buffer applies; below this, losses are magnified by a 1.11111 downside leverage factor, so investors can lose some or all principal. The notes pay no interest or dividends, are unsecured, not FDIC insured, and their value is sensitive to issuer credit, index performance and limited secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering auto callable buffered equity notes linked to the EURO STOXX 50® Index with a total offering size of $1,000,000. The notes may be automatically called on December 4, 2026 if the index closes at or above the strike level of 5,515.09, paying $1,000 plus an 11.19% call premium per note. If not called, at maturity on November 26, 2027 holders get uncapped upside exposure to the index, with a contingent minimum return of 22.38% per $1,000 note if the index ends at or above the strike. A 15.00% buffer protects principal for moderate declines, but below that level losses are magnified by a 1.17647 downside leverage factor, so investors can lose some or all principal. The price to public is $1,000 per note, including $15 in fees, while the estimated value is $978.30, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the EURO STOXX 50® Index with a total principal amount of $3,894,000. The notes are issued at $1,000 each, with selling fees of $15 per note and net proceeds to the issuer of $3,835,590; their estimated value at pricing was $973 per $1,000 note.

The notes may be automatically called on December 7, 2026 if the Index is at or above its initial level of 5,528.67, in which case investors receive $1,000 plus a 10.35% call premium. If not called and the Index ends on or above its initial level on the November 24, 2027 valuation date, investors get full upside to the Index return with a contingent minimum return of 20.70%, for at least $1,207 per $1,000 note.

If the notes are not called and the Index finishes below the initial level but not by more than the 15.00% buffer, principal is returned at maturity. If the Index is down by more than 15.00%, repayment is reduced on a leveraged basis (1.17647% loss of principal for each 1% decline beyond the buffer), meaning investors can lose some or all of their investment. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, will not be listed on an exchange, and may trade at prices below issue in any secondary market.

JPMorgan Chase Financial Company LLC is offering $3,770,000 of capped dual directional buffered equity notes linked to the S&P 500® Index under a 424(b)(2) pricing supplement. The notes are issued at $1,000 each, pay no interest or dividends, and return at maturity depends on the Index level relative to the Initial Index Level of 6,705.12.

If the Index rises, holders receive the positive Index Return up to a Maximum Upside Return of 11.50%, for a maximum payment of $1,115 per $1,000 note. If the Index falls by up to the 10% buffer, investors earn the Absolute Index Return, up to a maximum of $1,100 per $1,000 note; below the buffer, losses are magnified by a 1.11111 downside leverage factor and principal can be largely or entirely lost. The estimated value is $983.40 per $1,000 note, the notes are unsecured obligations guaranteed by JPMorgan Chase & Co., are not exchange-listed, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering Buffered Callable Range Accrual Notes linked to the Nasdaq 100® Index, with a total price to the public of $727,000. The notes pay monthly interest up to a maximum rate based on a 6.35% Interest Factor, but only for days when the index closes at or above 85% of its initial level; if this condition is never met in a period, the interest rate for that period is 0.00%.

At maturity in November 2030, investors receive full principal back if the index is at or above 85% of its initial value; below that buffer, principal is reduced 1% for each 1% decline, with losses up to 85% of principal possible. The issuer can redeem the notes monthly, starting November 30, 2026, at 100% of principal plus accrued interest. The issue price is $1,000 per note, while the estimated value at pricing was $930.80 per $1,000, reflecting selling commissions and hedging costs. The notes include detailed U.S. federal income tax treatment, with specific considerations and potential withholding for Non-U.S. Holders.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing $2,555,000 of market-linked, auto-callable securities tied to the iShares Bitcoin Trust ETF (IBIT), maturing November 29, 2028. Each security has a $1,000 principal amount and can be automatically called on scheduled call dates if IBIT’s closing price is at or above the starting price of $50.57, paying back principal plus a call premium that targets about 21.50% per year, up to 64.50% if called on the final call date.

If the notes are not called, investors receive $1,000 at maturity as long as IBIT’s ending price is at or above the 20% downside buffer, set by a threshold price of $40.456. If IBIT closes below that threshold on the final calculation day, repayment is reduced 1‑for‑1 beyond the 20% buffer, with losses up to 80% of principal. The price to public is $1,000 per note, including $25.75 of selling commissions; the issuer’s estimated value is $949.40 per note. The notes are unsecured, are not bank deposits, are not FDIC‑insured, and expose holders to substantial risks tied to bitcoin’s extreme volatility, evolving regulation and potential market disruptions affecting IBIT.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $4,666,000 of Market Linked Securities tied to Nebius Group, Meta Platforms and Amazon.com shares, maturing November 29, 2028. Each $1,000 security offers a 28.00% per annum contingent coupon, paid monthly only if the lowest-performing stock on each calculation day closes at or above its threshold price, set at 50% of its starting level. The notes are auto-callable from February 2026 to October 2028 if the lowest-performing stock is at or above its starting price, returning principal plus the applicable coupons.

If not called, investors receive $1,000 at maturity only if the lowest-performing stock on the final calculation day is at or above its threshold; otherwise principal is reduced one-for-one with that stock’s loss and can fall to zero. The estimated value is $902.70 per $1,000 security versus a $1,000 issue price, reflecting selling commissions of $23.25 and hedging-related costs. These unsecured notes are not bank deposits, are not FDIC-insured and involve significant market, issuer and structural risks.

JPMorgan Chase Financial Company LLC is offering $10,000 of Capped Accelerated Barrier Notes linked to the iShares Bitcoin Trust ETF (IBIT), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to November 29, 2028 and provide 1.50x leveraged upside on any ETF gains, capped at a maximum return of 140.00%, equal to a maximum payment of $2,400 per $1,000 note.

The downside protection is limited: if the final ETF price is at or above 70.00% of the initial value, investors receive principal back, but if it falls below that barrier they lose 1% of principal for each 1% decline and can lose their entire investment. The notes pay no interest, are unsecured, and expose investors to both bitcoin-related volatility and the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $30 in selling commissions, with issuer proceeds of $970 and an estimated value of $909.20.

JPMorgan Chase Financial Company LLC is issuing $1,607,000 of structured capped notes linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the Nasdaq-100 Index, guaranteed by JPMorgan Chase & Co. The notes mature on November 29, 2029, with a 150% participation rate in any positive return of the worst-performing index, capped at a maximum gain of 25.50% ($255 per $1,000 note). If any index finishes at or below its initial level, investors receive only the $1,000 principal per note at maturity, with no interest or dividends during the term and exposure to the credit risk of both issuers. The price to public is $1,000 per note, including fees and commissions of about $35.238 per note, while the estimated value on the pricing date is $943.80, reflecting selling, structuring and hedging costs and potential secondary-market discounts.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $880,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on November 29, 2030.

The notes provide 1.51x any positive Index return at maturity, with a 20% downside buffer. If the Index falls more than 20%, investors lose 1% of principal for each additional 1% decline, up to an 80% loss. The Initial Value is 548.23, and the minimum denomination is $1,000.

The notes pay no interest and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, with selling commissions of $37.50 and issuer proceeds of $962.50 per note, or $847,000 in total. The estimated value at pricing is $945.20 per $1,000, reflecting embedded costs and hedging assumptions.

JPMorgan Chase Financial Company LLC is offering $231,000 of Callable Contingent Interest Notes linked to the least performing of the Russell 2000 Index, the SPDR S&P Regional Banking ETF and the EURO STOXX 50 Index, maturing on November 29, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of $9.1667 per $1,000 (an 11.00% per annum rate) only if, on each Review Date, the closing value of every underlying is at or above 70% of its initial value. JPMorgan may redeem the notes early on specified interest payment dates starting May 29, 2026, paying $1,000 plus any due contingent interest, which would end further payments.

If the notes are not redeemed and, on the final Review Date, any underlying finishes below 60% of its initial value, the maturity payment is reduced in line with the worst performer, and investors can lose more than 40% or even all of principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., are not bank deposits or FDIC insured, and their estimated value at pricing was $957.50 per $1,000, below the $1,000 issue price due to selling, structuring and hedging costs.

JPMorgan Chase & Co. is offering $4,500,000 of callable step-up fixed rate notes due November 26, 2049. The notes pay annual interest in arrears on November 26 of each year, starting in 2026, with coupon rates of 5.40% per annum from November 26, 2025 to November 26, 2033, 5.50% per annum from November 26, 2033 to November 26, 2041, and 5.60% per annum from November 26, 2041 to November 26, 2049.

JPMorgan may redeem the notes at par plus accrued interest on May 26 and November 26 of each year from November 26, 2029 through May 26, 2049. The price to the public is $1,000 per note, with selling commissions of $21.361 per $1,000 note and net proceeds to the issuer of $4,403,875. As unsecured obligations of JPMorgan Chase & Co., the notes rank behind creditors of its subsidiaries and could be written down or converted to equity in a resolution under U.S. bank resolution frameworks.

JPMorgan Chase & Co. is issuing $4,000,000 of callable fixed rate notes due November 26, 2055. The notes pay fixed interest at 5.75% per annum, with interest paid once a year on November 26, starting in 2026, based on a 30/360 day count. JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part, on May 26 and November 26 of each year from 2027 through 2055.

The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured. In a stress or resolution scenario, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, and claims would be structurally junior to creditors of JPMorgan Chase & Co.’s subsidiaries. The public offering price is $1,000 per note, with selling commissions of $8.781 per $1,000 and net proceeds to the issuer of $3,964,875.

JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due December 1, 2028 linked to the worst performing of the Nasdaq-100, S&P 500 and EURO STOXX 50 indices. The notes pay a contingent quarterly coupon of at least 2.40% of the $1,000 principal (at least $24) only if, on each day in a quarter, all three indices stay at or above 75% of their initial levels; any single day below this coupon barrier for any index cancels that quarter’s payment.

The notes may be automatically redeemed after the first year if, on a determination date, all three indices are at or above their initial levels, in which case investors receive $1,000 plus any due coupon. If held to maturity and not called, investors receive $1,000 only if each index finishes at or above 65% of its initial level; otherwise, repayment is reduced 1‑for‑1 with the worst index’s decline and can fall to zero. Principal is fully at risk, investors do not participate in any index upside, and all payments depend on the credit of JPMorgan Chase Financial and the guarantee of JPMorgan Chase & Co. The indicative estimated value is about $947.90 per $1,000, and will not be less than $920.00 on the pricing date.

JPMorgan Chase & Co. plans to issue callable fixed rate notes due December 12, 2035. The notes pay interest annually at a fixed 4.70% per annum, calculated on a 30/360 day count basis, with payments each December 12 starting in 2026.

Beginning December 12, 2027, and on June 12 and December 12 each year through June 12, 2035, JPMorgan may redeem the notes in whole at par plus accrued interest. Investors receive principal at maturity plus accrued interest if the notes have not been called.

The notes are unsecured obligations of JPMorgan Chase & Co., structurally subordinated to liabilities of its subsidiaries and subject to its preferred “single point of entry” resolution strategy, which could impose losses on noteholders in a bankruptcy or Title II resolution. Public offering price is expected around $1,000 per $1,000 note, with selling commissions up to $37.50 per note.

JPMorgan Chase & Co. is offering callable fixed rate notes due December 12, 2035 under its medium-term note program. The notes pay a fixed interest rate of 5.00% per annum, with interest paid annually on December 12, beginning in 2026.

Starting on December 12, 2027, and on June 12 and December 12 thereafter through June 12, 2035, JPMorgan may redeem the notes in whole at par plus accrued interest. At maturity, if not previously redeemed, investors receive the principal amount plus any accrued and unpaid interest.

The notes are unsecured obligations of JPMorgan Chase & Co., rank junior to creditors of its subsidiaries, and are not bank deposits or FDIC insured. They are intended for buy-and-hold investors, and secondary market prices may be affected by interest rates, credit risk and selling commissions.

JPMorgan Chase & Co. is offering callable fixed rate notes due December 15, 2055, with a fixed interest rate of 5.50% per annum. Interest is paid annually in arrears on December 15 of each year, beginning December 15, 2026, based on a 30/360 day count for each $1,000 principal amount.

The notes are callable at JPMorgan’s option in whole, but not in part, on June 15 and December 15 of each year from June 15, 2030 through June 15, 2055 at par plus accrued interest. The stated price to the public is generally $1,000 per $1,000 note, but for eligible institutional or fee-based accounts it may range from $925.10 to $1,000, with selling commissions that would be approximately $20.25 per $1,000 and capped at $50. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not FDIC insured, and in a resolution scenario losses could be imposed on noteholders after equity holders and subsidiary creditors are considered.

JPMorgan Chase & Co. is offering callable fixed rate notes due December 12, 2040. The notes pay interest annually at a fixed rate of 5.35% per annum, calculated on a 30/360 day count basis, with interest paid in arrears each December 12, beginning in 2026.

Each note is expected to be sold at $1,000 per note, with the price for certain institutional and fee-based accounts ranging from $962.60 to $1,000 per $1,000 principal amount. The issuer may redeem the notes, in whole but not in part, on the 12th day of March, June, September and December of each year from March 12, 2028 through September 12, 2040 at par plus accrued 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. In a resolution scenario, claims on the notes would rank behind creditors of JPMorgan Chase & Co.’s subsidiaries, and investors face the specific risks and U.S. federal tax treatment described in the referenced prospectus materials.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes due December 15, 2028, tied to the lowest performer among the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the EURO STOXX 50® Index. Each security has a $1,000 principal amount and is designed to pay quarterly contingent coupons at an annual rate of at least 11.75%, but only when the lowest-performing index on the relevant observation day is at or above 75% of its starting level.

The notes can be automatically called on quarterly dates from June 2026 through September 2028 if the lowest-performing index is at or above its starting level, in which case investors receive $1,000 plus the final contingent coupon and no further payments. If the notes are not called, at maturity investors receive $1,000 per security only if the lowest-performing index is at or above its 75% threshold; otherwise the payoff is reduced one-for-one with the index loss, and principal losses can exceed 25% and reach 100%.

The price to the public is $1,000 per security, including $23.25 of selling fees and commissions and $976.75 in proceeds to the issuer. If priced on the date of this preliminary document, the estimated value would be approximately $949.00 per security and will not be less than $910.00 per security when finalized, reflecting selling costs, projected hedging profits or losses and hedging costs. The securities are unsecured obligations, not bank deposits and are not insured by the FDIC or any government agency.

JPMorgan Chase & Co. is offering callable fixed rate notes due June 12, 2034. The notes pay a fixed interest rate of 4.50% per annum, with interest paid annually on December 12, starting in 2026 and continuing to the maturity date, unless the notes are called earlier.

Beginning December 12, 2027, and on the 12th of March, June, September and December through March 12, 2034, JPMorgan may redeem the notes in whole at par plus accrued 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.

The preliminary materials highlight resolution and bankruptcy risks, explaining that in a U.S. resolution scenario, holders of these notes rank behind creditors of JPMorgan’s subsidiaries and priority and secured creditors, and may recover only part or none of their principal and interest.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes can pay a high Contingent Interest Rate of at least 14.75% per annum, but only for Review Dates when the Index closes at or above 80% of its Initial Value, called the Interest Barrier.

The notes may be automatically called as early as November 30, 2026 if the Index is at or above its Initial Value on certain Review Dates, returning principal plus the applicable interest for that period. If not called and the Index falls more than 20% below its Initial Value at maturity, investors lose 1% of principal for each 1% drop beyond that buffer, up to an 80% loss.

The Index uses leveraged exposure (up to 500%) to the Invesco QQQ Trust, Series 1, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on returns. The indicative estimated value is about $952.40 per $1,000 note, and will not be less than $900.00, reflecting selling costs and hedging expenses. The notes are unsecured, subject to JPMorgan credit risk, pay no fixed interest or dividends, may be illiquid, and have complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully guaranteed by JPMorgan Chase & Co. Investors may receive monthly contingent interest payments only when the closing level of each index on a review date is at or above 70% of its initial value, and the illustrative contingent interest rate is 7.50% per annum (0.625% per month).

The notes can be called at the issuer’s option on specified interest payment dates starting in December 2026, which would stop any future interest. If the notes are not redeemed early and the least performing index finishes below its 65% trigger level at maturity, investors lose principal in line with the index decline and can lose their entire investment.

The estimated value, if priced on the example date, is $927.30 per $1,000 note, and the final estimated value will not be less than $900.00, reflecting embedded fees, hedging costs and the issuer’s internal funding rate. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Futures Excess Return Index, guaranteed by JPMorgan Chase & Co. The notes provide at least 2.00x any positive performance of the weaker index at maturity, with a 20.00% downside buffer. If either 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 notes pay no interest, are unsecured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If the notes priced on the date of the example, the estimated value would be approximately $971.80 per $1,000, and at pricing it will not be less than $940.00 per $1,000. The product embeds complex futures-based exposure, potential negative roll returns, limited liquidity, and uncertain tax treatment, making it suitable only for investors who understand structured derivatives and can hold to maturity.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a monthly Contingent Interest Payment at a rate of at least 9.00% per annum if on a Review Date each index closes at or above 75.00% of its Initial Value, and may be automatically called starting on May 26, 2026 if each index is at or above its Initial Value. If the notes are not called and the Least Performing Index finishes below its 70.00% Trigger Value, investors lose principal in line with the index loss and can lose their entire investment. The notes are unsecured, not FDIC-insured, have limited liquidity, an estimated value initially below the $1,000 price, and involve complex U.S. tax and withholding treatment, especially for Non‑U.S. Holders.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Return Enhanced Notes linked to the Russell 2000® Index, maturing on December 9, 2027. The notes provide 2.00x any positive Index performance, but gains are capped at a maximum return of at least 29.15%, corresponding to a maximum payment of at least $1,291.50 per $1,000 note.

Principal is protected only up to a 10.00% decline in the Index; below that buffer, investors lose 1% of principal for each additional 1% Index loss, up to a maximum loss of 90.00%. The notes pay no interest, provide no dividends, and are unsecured, unsubordinated obligations subject to the credit risk of both issuers.

The preliminary estimated value is approximately $986.80 per $1,000 note and, when finalized, will not be less than $950.00, reflecting selling commissions, hedging costs and structuring margins included in the original issue price.