Alerian MLP Index ETNs due January 28 2044 (AMJB) 424B Filings

JPMorgan Chase Financial Company LLC is offering Series A medium-term Digital Equity Notes due January 22, 2027, linked to the Class A common stock of Meta Platforms, Inc. Each note has a $1,000 principal amount and pays no interest. At maturity, if Meta’s final stock level is at least 85% of its initial level, investors receive a fixed cash amount, the threshold settlement amount, expected to range from $1,171.50 to $1,201.20 per $1,000 note. If Meta’s final level falls more than 15% below the initial level, repayment of principal is reduced on a leveraged basis at a buffer rate of approximately 1.1765, and investors can lose their entire investment.

The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. The estimated value at pricing is expected between $968.10 and $978.10 per $1,000 note, reflecting selling commissions, hedging costs and structuring margins. The notes will not be listed on any securities exchange, have no redemption feature, and secondary market liquidity, if any, will be provided on a discretionary basis by J.P. Morgan Securities LLC. The tax treatment is uncertain and may be affected by future IRS or Treasury guidance, so investors are urged to consult tax advisers.

JPMorgan Chase Financial Company LLC is offering structured review notes linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations and can be automatically called on scheduled Review Dates starting in May 2026 if each index is at or above its Call Value.

If called, investors receive $1,000 plus a Call Premium Amount that starts at at least 6.00% of $1,000 and steps up over time to at least 60.00% by the final Review Date. If the notes are not called and either index finishes below 75.00% of its Initial Value, repayment of principal is reduced in line with the decline of the lesser performing index, and all principal can be lost. The notes pay no interest, provide no dividends, are unsecured obligations subject to JPMorgan credit risk, may be accelerated after certain legal changes, and have limited liquidity. The estimated value example is $957.00 per $1,000 note, reflecting embedded costs.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer at least 1.40 times any positive return of the weaker index at maturity, with a barrier set at 75.00% of each index’s initial level.

If both indices finish above their initial levels, investors receive $1,000 plus the leveraged gain based on the lesser performing index. If either index ends at or below its initial level but both stay at or above the 75.00% barrier, principal is returned. If either index closes below its barrier, repayment is reduced one-for-one with the decline in the lesser performing index, and all principal can be lost. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, are not listed on any exchange, and the estimated value, if priced today, would be approximately $985.90 per $1,000 note, with a final estimated value not less than $960.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked to the lesser performance of the Russell 2000® and S&P 500® indices, maturing on May 18, 2027. The notes can pay a contingent coupon of at least 9.45% per annum, paid monthly, but only when the closing level of each index on a Review Date is at or above 65% of its Strike Value; otherwise no interest is paid for that period.

The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting February 19, 2026, paying $1,000 per note plus any due contingent interest. If the notes are not redeemed and on the final Review Date either index is below its 65% Trigger Value, principal is reduced 1% for each 1% decline in the lesser-performing index, leading to losses of more than 35% and possibly all principal.

The notes are unsecured, unsubordinated 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 are not exchange-listed. The estimated value, if priced on the described terms, is about $987.20 per $1,000 note and will not be less than $900.00 at pricing, reflecting embedded selling, structuring and hedging costs, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffer GEARS, a roughly two-year structured note linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). Each Security has a $10 principal amount, a minimum investment of $1,000, and provides 2.00x upside gearing on positive basket performance, subject to a Maximum Gain between 24.10% and 26.10%, set on the trade date.

The basket is set to an initial value of 100, with a 10% buffer via a downside threshold at 90% of the initial basket value. If the basket falls more than 10% at maturity, investors lose 1% of principal for every 1% decline beyond the buffer, up to a 90% loss of principal. Payments depend entirely on basket performance and the credit of JPMorgan Financial and JPMorgan Chase & Co.; these Securities are not bank deposits or FDIC insured.

The issue price is $10.00 per Security, including up to $0.20 in selling commissions, with proceeds to the issuer of $9.80 per Security. If priced on the indicated terms today, the estimated value would be about $9.74 per $10, and when finalized will not be less than $9.40 per $10, reflecting structuring and hedging costs. The pricing supplement highlights significant market, credit, liquidity, valuation and tax risks, and notes that the Securities are intended for investors who can hold to maturity and tolerate substantial loss of principal.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. Each note has a $1,000 denomination and can be automatically called on November 25, 2026 if the closing level of each index is at or above 95.00% of its initial value, paying back principal plus a call premium of at least $162.50.

If the notes are not called and each index ends above its initial level on the November 20, 2028 observation date, investors receive $1,000 plus 2.00 times the gain of the least performing index. If any index finishes between 70.00% and 100.00% of its initial value, principal is returned. If any index closes below 70.00% of its initial value, repayment is reduced one-for-one with the loss in the least performing index, and principal can be entirely lost.

The notes pay no interest or dividends, are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and may trade below the $1,000 price. An illustrative estimated value is approximately $974.40 per $1,000 note, and the final estimated value will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc., maturing in November 2028 and fully guaranteed by JPMorgan Chase & Co. Investors may receive contingent quarterly interest at a rate of at least 10.65% per annum if Meta’s closing price on a Review Date is at or above 60.00% of the Initial Value, with any missed coupons paid later once the barrier is met. The notes are automatically called, returning principal plus the applicable coupon, if Meta’s price on any Review Date other than the first and final is at or above the Initial Value, with the earliest call date in May 2026.

If the notes are not called and Meta’s final price is below the Trigger Value, investors lose 1% of principal for each 1% decline from the Initial Value and can lose most or all of their investment. The notes pay no fixed interest, do not provide dividends on Meta shares, are unsecured unsubordinated obligations subject to JPMorgan credit risk, and will not be listed on an exchange. The estimated value is about $960.00 per $1,000 note and will not be less than $940.00 per $1,000 at pricing, reflecting selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Return Enhanced Notes linked to the lesser performance of the Nasdaq-100 Index® and the S&P 500® Index, maturing on November 27, 2028. The notes provide 1.20x upside exposure to any gain in the lesser performing index, up to a maximum return of at least 51.00%, and protect against the first 15.00% of losses. If either index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, with a maximum loss of 85.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and are expected to be sold in $1,000 minimum denominations.

JPMorgan Chase Financial Company LLC is offering Uncapped Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an uncapped leveraged upside of at least 1.546 times any positive return of the weaker index at maturity, based on $1,000 minimum denominations. If either index ends below its initial level, investors lose 1% of principal for each 1% decline in the lesser performing index, up to a total loss of principal. The notes pay no interest or dividends, are unsecured and unsubordinated, will not be listed on an exchange, and their value is subject to the credit risk of both the issuer and the guarantor. An estimated value of approximately $985 per $1,000 note is indicated if priced on the example date, with a minimum estimated value of $970 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Ford Motor Company, maturing on November 23, 2027. The notes pay a quarterly contingent coupon of at least 9.75% per annum (at least $24.375 per $1,000) only if Ford’s share price on a Review Date is at or above an Interest Barrier set at 55% of the initial share price.

The notes may be automatically called on any Review Date from May 18, 2026 (except the first and final dates) if Ford’s stock closes at or above the initial price, returning $1,000 per note plus the due and any previously unpaid coupons. If not called and Ford’s final share price is at or above the 55% Trigger Value, holders receive full principal plus the final and any unpaid coupons.

If the final price is below the Trigger Value, repayment is reduced one-for-one with Ford’s decline, so principal losses can exceed 45% and may reach 100%. The preliminary estimated value is about $970 per $1,000 note and will not be less than $950, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC announced a preliminary pricing supplement for Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100, and Russell 2000, due November 22, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on November 23, 2026 if each index closes at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium of at least $217.50 per $1,000 note. If not called and each index ends above its Initial Value, maturity pays 2.00x the least-performing index’s gain; if any index ends between its Initial Value and the 70% barrier, holders receive principal; if any index finishes below the barrier, repayment is reduced one-for-one with the least performer’s decline, risking substantial loss up to all principal.

Minimum denomination is $1,000. Selling commissions will not exceed $9.50 per $1,000. The indicative estimated value is approximately $979 per $1,000 (and will not be less than $900 when set). The notes pay no interest or dividends and are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary 424B2 for auto-callable Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due on December 2, 2031. The notes can be automatically called beginning August 26, 2026 if the Index is at or above the Call Value, paying the applicable Call Premium instead of continuing to maturity. The notes pay no interest or dividends and expose holders to loss of principal if, at maturity and not previously called, the Index falls below the Barrier Amount.

The Index applies a 6.0% per annum daily deduction, which drags performance versus an identical index without such deduction, and targets 35% implied volatility with exposure to E-mini S&P 500 futures between 0% and 500%. Pricing is in $1,000 minimum denominations (price to public per note: $1,000). Selling commissions will not exceed $12.25 per $1,000. If priced today, the estimated value would be about $952.30 per $1,000, and when set will not be less than $920 per $1,000. These unsecured, unsubordinated obligations are subject to the credit risk of JPMorgan Financial and the guarantor; they are not FDIC insured.

JPMorgan Chase Financial Company LLC plans to offer Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index, due November 26, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target unleveraged index exposure with a Maximum Upside Return of at least 20.25% and a Buffer Amount of 15.00%. They pay no interest or dividends and returns are received only at maturity; investors risk losing up to 85% of principal. Minimum denominations are $1,000, with pricing expected on or about November 21, 2025 and settlement on or about November 26, 2025.

If the index rises, the maturity payment increases one-for-one up to the maximum; if the index is flat or down by up to 15%, the notes pay the absolute value of that decline as a positive return. Below the 15% buffer, principal is reduced beyond the buffer. If priced today, the estimated value would be approximately $985.20 per $1,000 note, and will not be less than $900.00 per $1,000 when set. Selling commissions paid by JPMS to dealers will not exceed $9.00 per $1,000 principal amount. The notes are unsecured, not FDIC-insured, will not be listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $9,363,000 aggregate principal amount of Digital Equity Notes due 2027 linked to the S&P 500 Index. The notes pay no interest and return depends on index performance from the trade date to the determination date.

If the S&P 500 final level is at least 92.5% of its initial level, holders receive a fixed $1,101 per $1,000 note (a 110.10% cap). If it falls by more than 7.5%, principal is lost at approximately 1.0811% for each 1% decline beyond the buffer, up to total loss. Key dates: trade Nov 12, 2025, settlement Nov 17, 2025, determination Jan 12, 2027, maturity Jan 14, 2027.

Original issue price is 100% of principal; underwriting commission is 1.17%; net proceeds to the issuer are 98.83%. The estimated value was $982.90 per $1,000 at pricing. The notes are unsecured obligations subject to issuer and guarantor credit risk, are not listed, and may have limited liquidity.

JPMorgan Chase Financial Company LLC priced a $348,000 offering of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due November 15, 2030. The notes are unsecured and issued in $1,000 minimum denominations.

The notes pay a Contingent Interest Rate of 11.25% per annum (2.8125% quarterly) only if, on a Review Date, the Index closes at or above 60% of the Initial Value (the Interest Barrier). Missed interest is paid later if a subsequent Review Date meets the barrier. The notes are automatically called if the Index on any non-final Review Date is at or above the Initial Value. If not called and the Final Value is below 60% (Trigger Value), principal is reduced one-for-one with Index decline, down to zero.

The Index embeds a 6.0% per annum daily deduction, which drags performance and can offset gains. Pricing details: price to public $1,000 per note, selling commissions $9, proceeds to issuer $991; estimated value $932.50 per $1,000 at pricing. Settlement is expected on or about November 17, 2025.

JPMorgan Chase Financial Company LLC priced a $1,000,000 offering of Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100, and S&P 500, due November 16, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on November 18, 2026 at $1,180 per $1,000 note (a $180 Call Premium) if each index is at or above its Call Value. If not called and all final index levels exceed their initial values, the maturity payout provides 1.50x the least-performing index’s gain, uncapped. Principal is returned at maturity if each final index level is at or above its 70% barrier; otherwise, repayment falls one-for-one with the least-performing index, risking substantial loss up to total loss.

The notes are unsecured, pay no interest, and forgo dividends. Minimum denomination is $1,000. Price to public: $1,000 per note; fees: $5 per $1,000; proceeds to issuer: $995,000. The issuer’s estimated value was $980 per $1,000 at pricing.

JPMorgan Chase & Co. is offering Callable Fixed to Floating Rate Notes due November 28, 2045. The notes pay 10.00% per annum during the initial interest periods through November 28, 2027, with quarterly interest paid on the 28th of February, May, August and November, beginning February 28, 2026.

After the initial periods, the interest rate resets each quarter to (7.55% − Benchmark Rate) × 1.25, floored at 0.00%. The Benchmark Rate is initially Compounded SOFR, with benchmark transition provisions if SOFR is unavailable. The notes are callable by the issuer, in whole, on the 28th of February, May, August and November from November 28, 2027 through August 28, 2045, at par plus accrued interest.

The price to the public is $1,000 per note. Selling commissions would be approximately $25.00 per $1,000 (not to exceed $40.00). The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not FDIC insured. Tax disclosure indicates intended treatment as contingent payment debt instruments, with OID accrual for U.S. holders.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Yield Notes linked to the American Depositary Receipts of Novo Nordisk A/S (NVO), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an interest rate of at least 11.85% per annum, paid quarterly at at least 2.9625%, and are scheduled to mature on November 22, 2027, with minimum denominations of $1,000.

The notes will be automatically called on any Review Date before maturity if the NVO ADR closing price is greater than or equal to the Initial Value; the earliest potential call is November 17, 2026. If not called, investors receive interest each quarter. At maturity, if the Final Value is at least the Trigger Value (60% of Initial Value), principal is returned plus the final interest. If the Final Value is below the Trigger Value, repayment is reduced as $1,000 + ($1,000 × Stock Return), which can result in loss of more than 40% and up to all principal. Indicative estimated value was approximately $970 per $1,000 (not less than $950 when set). Selling commissions are up to $17.50 and structuring fee up to $1.00 per $1,000 note.

JPMorgan Chase & Co. plans a primary offering of Callable Fixed Rate Notes due November 28, 2050 under a preliminary pricing supplement. The notes pay a fixed 5.60% annual interest rate, with interest paid in arrears each November 28, beginning in 2026, on a 30/360 basis. At maturity, holders receive principal plus accrued interest if the notes have not been called.

The issuer may redeem the notes in whole on the 28th of February, May, August, and November, starting November 28, 2027, at par plus accrued interest. Key conventions include Following Business Day and Unadjusted Interest Accrual.

Indicative economics: for certain institutional or fee-based accounts, the price to the public will be between $937.60 and $1,000 per $1,000 note. If priced today, selling commissions would be about $11.00 per $1,000 note and will not exceed $50.00. Tax counsel opines the notes are treated as fixed-rate debt instruments. Resolution planning language highlights that unsecured creditors, including noteholders, could bear losses in a recapitalization scenario.

JPMorgan Chase & Co. filed a preliminary pricing supplement for Callable Fixed Rate Notes due November 28, 2045. The notes pay 5.60% per annum, with interest paid annually on November 28, beginning in 2026. The issuer may redeem the notes in whole on the 28th of May and November each year from November 28, 2027 to May 28, 2045 at par plus accrued interest, with at least five business days’ notice to DTC.

Key terms include a Following Business Day Convention, Unadjusted interest accrual convention, and 30/360 day count. The stated price to the public is $1,000 per $1,000 principal amount (eligible advisory accounts: $950.10–$1,000). Selling commissions would be approximately $5.00 per $1,000, not to exceed $45.00 per $1,000. The notes are not FDIC insured.

Risk highlights note JPMorgan’s single-point-of-entry resolution framework, under which unsecured creditors, including noteholders, bear losses after equity. Tax counsel expects treatment as fixed-rate debt instruments.

JPMorgan Chase & Co. filed a preliminary pricing supplement for callable fixed-rate notes due in 2037. The notes pay a 4.90% annual coupon, with interest payable in arrears each year on November 28 from 2026 through 2036 and on the maturity date, using a 30/360 day count and Following business day convention.

The notes are callable at JPMorgan’s option, in whole but not in part, on the 28th calendar day of May and November each year from November 28, 2027 through May 28, 2037, at par plus accrued interest. The indicated price to the public per $1,000 principal amount ranges from $972.60 to $1,000; selling commissions would be approximately $20 per $1,000 and will not exceed $45 per $1,000. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not FDIC-insured. Disclosure highlights the firm’s preferred single‑point‑of‑entry resolution strategy, under which holders are unsecured creditors behind subsidiary and priority claims.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Callable Contingent Interest Notes due November 19, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of at least 7.50% per annum (0.625% monthly) for each Review Date on which the closing level of each of the Nasdaq-100 Technology Sector Index (NDXT), Russell 2000 Index (RTY) and S&P 500 Index (SPX) is at or above 70.00% of its Initial Value. If any Index is below that barrier on a Review Date, no interest is paid for that month.

The issuer may redeem the notes early, in whole, on any permitted Interest Payment Date, with the earliest possible call on November 19, 2026. At maturity, if any Index finishes below its 60.00% Trigger Value, principal is reduced one-for-one with the Least Performing Index’s decline, which can result in substantial loss of principal. Minimum denominations are $1,000. If priced today, the estimated value would be approximately $926.90 per $1,000 note, and selling commissions will not exceed $41.25 per $1,000. These unsecured obligations are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC announced a preliminary pricing supplement for Uncapped Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about November 18, 2025 and settle on or about November 21, 2025, with maturity on November 21, 2030.

The notes offer at least 2.00x any positive Index return at maturity, with a 70.00% barrier of the Initial Value. If the Final Value is above the Initial Value, the payoff equals $1,000 plus $1,000 × Index Return × Upside Leverage Factor. If the Final Value is at or above the barrier but not higher than the Initial Value, principal is returned. If the Final Value falls below the barrier, repayment is reduced one-for-one with the Index decline, and investors could lose all principal.

Key terms include minimum denominations of $1,000, no periodic interest, and unsecured, unsubordinated status of the issuer obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The agent selling commission will not exceed $11.25 per $1,000 note. If priced today, the estimated value would be approximately $967.10 per $1,000, and will not be less than $900.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a 424(b)(2) preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to Meta Platforms, Inc. Class A stock, due November 16, 2028. The notes target quarterly contingent interest of at least 2.50% (at least 10.00% per annum) when Meta’s closing price on a Review Date is at or above the Interest Barrier.

The Strike Value was $609.01 on November 12, 2025. The Interest Barrier and Trigger are 60.00% of the Strike Value ($365.406). The notes auto-call if Meta’s price is at or above the Strike Value on any Review Date other than the first and final; the earliest call opportunity is May 12, 2026. If held to maturity and the Final Value is below the Trigger, repayment is $1,000 plus $1,000 × Stock Return, exposing investors to losses greater than 40% and up to all principal.

Per-note price is $1,000 in $1,000 minimums. For brokerage accounts, selling commissions will not exceed $23.50 per $1,000; for certain fee-based accounts, the price will not be lower than $976.50. The estimated value would be approximately $953.90 per $1,000 if priced today and will not be less than $930.00 per $1,000 when set. Payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due November 26, 2030, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may pay a monthly Contingent Interest of at least $11.3333 per $1,000 (at least 13.60% per annum) if the Index closes at or above 75.00% of the Initial Value. They are automatically callable quarterly if the Index is at or above its Initial Value, with the earliest call on November 23, 2026. If not called, principal is protected only to the Buffer Threshold of 85.00% (a 15.00% Buffer Amount); below that, investors can lose up to 85.00% of principal.

Minimum denomination is $1,000. The Index reflects a 6.0% per annum daily deduction and a notional financing cost, which reduce performance. Indicative economics include an estimated value of approximately $910.10 per $1,000 note (not less than $900.00 when set) and selling commissions not to exceed $41.50 per $1,000.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Callable Contingent Interest Notes linked individually to the Russell 2000 Index, the S&P 500 Index, and the Utilities Select Sector SPDR Fund, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon of at least 10.30% per annum (0.85833% monthly) on any Review Date when each underlying is at or above 70.00% of its Initial Value. They are callable at the issuer’s option on any Interest Payment Date other than the first, second and final, with the earliest call on February 23, 2026. Denominations are $1,000.

If held to maturity on November 24, 2028, investors receive $1,000 plus the final coupon if every underlying finishes at or above its 70% trigger. If any underlying finishes below its trigger, repayment is reduced by the decline of the least-performing underlying, which can mean losing more than 30% and up to all principal. The estimated value is approximately $973.50 per $1,000 (not less than $950.00 per $1,000).

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, due November 17, 2028, under its shelf registration.

The notes pay a monthly contingent interest of at least 0.94583% (at least 11.35% per annum) for each Review Date on which the Index closes at or above 60.00% of the Initial Value (the Interest Barrier), with previously unpaid coupons accruing and paid if the barrier is later met. The notes auto‑call on certain Review Dates beginning May 14, 2026 if the Index is at or above the Initial Value, returning $1,000 plus applicable coupons. If held to maturity and the Final Value is below the Trigger Value (60.00% of Initial Value), repayment is $1,000 plus $1,000 × Index Return, risking significant principal loss.

The Index includes a 6.0% per annum daily deduction, which drags performance. If priced today, the estimated value would be about $947 per $1,000 note and will not be less than $900 at pricing. Selling commissions will not exceed $9 per $1,000. Minimum denominations are $1,000. Payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for 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 at least 12.25% per annum (at least $10.2083 per $1,000 monthly) when the Index closes at or above 70.00% of the Strike Value (Interest Barrier 8,836.135). Unpaid coupons accrue and may be paid later if the barrier is met. The notes are automatically called if, on designated Review Dates (excluding the first through eleventh and final), the Index is at or above the Strike Value; the earliest call assessment is November 12, 2026. If not called, the notes mature on November 15, 2030.

Principal is at risk: if the Final Value is below 50.00% of the Strike Value (Trigger Value 6,311.525), repayment is reduced dollar-for-dollar with Index declines. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag performance. Minimum denomination is $1,000; selling commissions are up to $8.50 per $1,000. If priced today, the estimated value would be about $950 per $1,000; when set, it will not be less than $930 per $1,000. The notes are unsecured obligations subject to issuer and guarantor credit risk.

JPMorgan Chase & Co. announced preliminary terms for callable zero‑coupon notes due November 25, 2050. The notes are issued at $222.638 per $1,000 principal, pay no periodic interest, and accrete to face value at maturity, targeting a 6.10% yield to maturity (compounded semiannually, 30/360).

The notes are callable at JPMorgan’s option on the 26th of May and November each year, beginning November 26, 2027, at the Accreted Principal Amount shown in the annexed schedule. If outstanding to maturity, holders receive 100% of principal, subject to the stated conventions. Upon an event of default and acceleration, the payment equals the Accreted Principal Amount on the acceleration date.

Selling commissions, if priced as shown, would be approximately $7.236 per $1,000 (3.25% of price to public) and will not exceed $11.132 per $1,000 (5.00%). As unsecured obligations of JPMorgan Chase & Co., recoveries in a resolution could be junior to subsidiary creditors under single‑point‑of‑entry strategies described.

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 November 19, 2031. The notes pay a monthly contingent interest rate of at least 16.75% per annum (about $13.9583 per $1,000) only when the Index closes at or above 70% of its initial value. If the Index closes at or above its initial value on any quarterly autocall review date, the notes are automatically called and repaid at $1,000 plus the applicable interest.

Principal is at risk: if the notes are not called and the Index finishes below 50% of its initial value, repayment is reduced dollar-for-dollar with the Index loss, and investors can lose most or all of their money. The Index includes a 6.0% per annum daily deduction, which drags on performance. The notes are unsecured obligations, not deposits or FDIC insured, and an initial estimated value of about $924 per $1,000 highlights embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,667,000 of Capped Buffered Enhanced Participation Equity Notes due January 15, 2027, linked to the S&P 500® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and does not pay interest.

At maturity, holders receive a cash amount based on index performance from the trade date on November 11, 2025 to the determination date on January 13, 2027. Gains are enhanced by a 1.25x upside participation rate and capped at a maximum settlement amount of $1,135.25 per $1,000, corresponding to an index cap level of 110.82% of the initial level. Losses are buffered only for a 10% decline; below a 90% buffer level, losses increase at about 1.1111% of principal for each additional 1% index drop, and principal can be fully lost.

The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed, and may have limited liquidity. The estimated value at pricing is $984.90 per $1,000, below the 100% original issue price, reflecting selling commissions of 1.17% and hedging and structuring costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering preliminary Callable Contingent Interest Notes linked individually to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due November 22, 2028.

The notes pay a monthly contingent coupon of at least 0.83333% (at least 10.00% per annum) for any Review Date when each index closes at or above 70.00% of its Initial Value. JPMorgan may redeem the notes early, in whole, on quarterly Optional Call Payment Dates starting February 20, 2026. If held to maturity and any index finishes below 60.00% of its Initial Value, principal is reduced one-for-one with the Least Performing Index, which can result in loss of more than 40% and up to all principal. Minimum denominations are $1,000.

Indicative economics include estimated value of approximately $971.80 per $1,000 (not less than $940.00 to be set at pricing) and selling commissions not to exceed $7.50 per $1,000. The notes do not pay dividends on underlying stocks and are subject to issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering $500,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Russell 2000® Futures Excess Return Index, the iShares® Core S&P Small-Cap ETF and the SPDR® S&P MidCap 400® ETF Trust, maturing on November 14, 2030 and fully guaranteed by JPMorgan Chase & Co.

The notes provide 1.30x any positive return of the least performing underlying if all three finish above their initial values. If each underlying is flat or down by up to the 50.00% buffer, investors receive only their principal back. If any underlying falls by more than 50.00%, repayment is reduced dollar-for-dollar beyond the buffer, with up to a 50.00% loss of principal at maturity.

The notes pay no interest, do not provide dividends on the ETFs or rights in the futures or underlying securities, and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities. The price to public is $1,000 per note, including $6 in selling commissions, while the estimated value at pricing was $971.10, reflecting embedded structuring and hedging costs. The filing highlights credit risk of JPMorgan Financial and JPMorgan Chase & Co., small- and mid-cap equity risk, futures roll and negative roll risk, tracking risk for the ETFs, and complex, uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, due November 27, 2028.

At maturity, if each index is at or above its initial level, the notes pay the greater of the Contingent Digital Return (at least 30.80%) or the least-performing index’s return. If any index is below its initial level but at or above its 70.00% barrier, principal is returned. If any index finishes below its barrier, repayment is reduced 1% for each 1% decline in the least-performing index, down to zero. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial, and carry the credit risk of the issuer and guarantor. Minimum denomination is $1,000; pricing is expected on or about November 21, 2025, settlement on or about November 26, 2025, with an observation date of November 21, 2028. If priced today, the estimated value would be approximately $948.70 per $1,000 note and will not be less than $910.00 when set. Selling commissions will not exceed $20.00 per $1,000.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of the Russell 2000® Index, Nasdaq-100 Index® and Utilities Select Sector SPDR® Fund, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and may be automatically called on November 23, 2026 if each underlying is at or above its call value, paying back $1,000 plus a call premium of at least $385.

If not called and each underlying ends above its initial value on the November 18, 2030 observation date, holders receive an uncapped return equal to 2.00 times the gain of the worst performer. If any underlying finishes below 70% of its initial value, investors lose 1% of principal for each 1% decline and can lose their entire investment. The notes pay no interest or dividends, are unsecured, illiquid, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value today is approximately $966.20 per $1,000 note and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, due November 26, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about November 21, 2025 and settle on or about November 25, 2025, in minimum denominations of $1,000.

The notes may be automatically called on Review Dates starting November 25, 2026 at 100% of the Initial Value, paying the applicable Call Premium Amount (minimums: 18.5500%, 23.1875%, 27.8250%, 32.4625%, 37.1000%). If not called, at maturity investors receive 5.00× any index gain; par is returned if the Final Value is at or above the 50.00% Barrier Amount; below the barrier, losses match the index decline.

The underlying Index includes a 6.0% per annum daily deduction, which drags performance. Indicative economics show an estimated value of about $887.50 per $1,000 today, and not less than $870.00 when set. Selling commissions will not exceed $50.00 per $1,000. Payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent buffered return enhanced notes linked to the S&P 500® Index. Each note has a $1,000 denomination, with a total offering of $1,000,000, and may be automatically called on the review date if the index closes at or above the strike level of 6,728.80, paying $1,000 plus a 10.80% call premium. If not called, investors receive 1.5 times any positive index return at maturity, with a 20% downside buffer; beyond that, principal losses match further index declines on a 1:1 basis. The notes are unsecured, not FDIC insured, and carry credit, market, liquidity, reinvestment and conflict-of-interest risks. The estimated value is $979.80 per $1,000 note, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $3,954,000 of Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index, maturing on November 15, 2028. The notes may be automatically called on November 16, 2026 if each index is at or above its Call Value, paying back principal plus a fixed Call Premium Amount of $160 per $1,000 note.

If not called and each index finishes above its initial level at maturity, holders receive an uncapped 1.75x leveraged upside on the appreciation of the least performing index. If any index finishes between its initial level and a 70% barrier, principal is returned. If any index closes below its 70% barrier, principal is reduced one-for-one with the decline of the least performing index, up to a total loss.

The notes pay no interest, offer no dividends from index constituents, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing is $977 per $1,000 note, below the $1,000 issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on November 26, 2027. The notes pay a monthly contingent coupon of at least $5.875 per $1,000 (at least 7.05% per annum) only when the closing level of each index on an Interest Review Date is at or above 70% of its Initial Value.

The notes are automatically called on specified quarterly Autocall Review Dates starting August 21, 2026 if each index is at or above its Initial Value, returning $1,000 plus the applicable coupon, with no further payments. If not called, and on the final Review Date each index is at or above its 70% Trigger Value, investors receive $1,000 plus the final coupon.

If any index finishes below its Trigger Value and the notes are not called, the maturity payment is reduced one-for-one with the decline of the least performing index, and principal losses can exceed 30% and reach 100%. The notes are unsecured, will not be listed, and include significant credit, market, liquidity and tax risks. The estimated value is illustrated at approximately $947.70 per $1,000 and will not be set below $900 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index, maturing on December 4, 2030. The notes target an upside leverage factor of at least 1.51x any positive performance of the worst-performing index at maturity.

If all three indices finish above their initial levels, investors receive $1,000 plus the leveraged gain based on the weakest index. If at least one index is at or below its initial level but all stay at or above 80% of their initial values (the barrier), principal is returned. If any index closes below its barrier, repayment is reduced one-for-one with the decline of the least performing index, and investors can lose most or all of their principal.

The notes pay no interest, provide no index dividends, are unsecured obligations subject to JPMorgan credit risk, and are not expected to be listed, limiting liquidity. If priced today, the estimated value would be about $940.20 per $1,000, and will not be less than $920.00 at pricing.

JPMorgan Chase Financial Company LLC is issuing $1,081,000 of Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on February 16, 2027, with an observation date of February 10, 2027.

These unsecured notes provide unleveraged exposure to index gains up to a Maximum Upside Return of 12.75%, and a positive return equal to the absolute value of index losses up to a 15.00% buffer. Beyond a 15% index decline, investors lose 1% of principal for each additional 1% drop, up to a maximum loss of 85.00% of principal.

The notes pay no interest and do not provide dividends on index components. The price to public is $1,000 per note, including fees and commissions of $7.2188, while the initial estimated value is $984.30 per $1,000 principal amount, reflecting selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,598,000 of structured Review Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index, due November 10, 2028. The notes are sold in $1,000 denominations at $1,000 each, with selling commissions of $29.50 per note and net proceeds of $970.50 per note to the issuer; the estimated value at pricing was $951.30.

The notes may be automatically called on any of five Review Dates starting November 11, 2026 if each index is at or above its initial level, paying back principal plus a call premium that can reach 38.25% on the final Review Date. If not called and any index finishes below 70% of its initial level, repayment at maturity is reduced in line with the worst index and investors can lose more than 30% and up to all principal. The notes pay no interest, provide no dividends, are unsecured obligations and may have limited secondary liquidity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the Invesco S&P 500 Equal Weight ETF, maturing on November 18, 2027. The notes can pay monthly contingent interest at a rate of at least 8.00% per annum if on a review date each underlying is at or above 70% of its initial value.

The notes may be automatically called as early as May 14, 2026 if each underlying is at or above its initial value, in which case investors receive principal plus the applicable interest and no further payments. If the notes are not called and, at maturity, any underlying is below 70% of its initial value, repayment of principal is reduced one-for-one with the loss on the worst-performing underlying, and investors can lose most or all of their investment.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. They do not offer fixed interest or dividend payments, will not be listed on any exchange and may trade below the issue price, with an initial estimated value of approximately $955.90 per $1,000 principal amount.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and S&P 500 Index, maturing on December 3, 2029. The notes provide at least 1.38x upside exposure to any positive performance of the least performing index if all three finish above their initial levels on the observation date.

A 70% barrier applies to each index: if every index finishes at or above 70% of its initial level, investors receive full principal back; if any index closes below 70%, repayment is reduced one‑for‑one with the loss of the least performing index, up to a total loss of principal. The preliminary estimated value is about $939.80 per $1,000 note and will not be less than $910. The notes pay no interest, provide no dividends, are unsecured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on May 21, 2027. Each note has a $1,000 denomination.

Holders may receive a contingent interest payment of at least 7.60% per annum (0.63333% per month) on any review date where all three indices close at or above 70% of their initial values; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified interest payment dates, paying $1,000 plus any due contingent interest.

At maturity, if not redeemed early, investors receive $1,000 plus any final contingent interest if each index is at or above 65% of its initial value. If any index is below that trigger, repayment is reduced in proportion to the decline of the worst-performing index, and investors can lose some or all principal. The preliminary estimated value is approximately $965 per $1,000 note and will not be less than $900 per note when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Micron Technology, Inc. (MU), maturing on May 25, 2027, in $1,000 denominations. The notes can pay a monthly contingent interest rate of at least 23.25% per annum (at least $19.375 per $1,000 per month) if, on a given review date, Micron’s share price is at or above an interest barrier set at 60% of the initial value. The notes are automatically called from the third review date onward if Micron closes at or above its initial value, returning $1,000 plus the applicable contingent interest for that date.

If the notes are not called and Micron’s final price is at or above a 50% trigger value, investors receive $1,000 per note at maturity plus any final contingent interest. If the final price is below the trigger, repayment of principal is reduced in line with Micron’s decline, and investors can lose more than half or all of their principal. The notes are unsecured obligations exposed to the credit risk of JPMorgan entities. The issuer estimates the current value at about $954.70 per $1,000 note and states the final estimated value at pricing will not be less than $900.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Review Notes linked to a WTI crude oil futures contract due November 19, 2027. The notes can be automatically called early if, on a Review Date (November 17, 2026 or November 16, 2027), the NYMEX WTI crude oil nearby futures contract (CL1 or, in certain cases, CL2) is at or above the applicable Call Value.

If called, investors receive $1,000 per note plus a Call Premium Amount, at least 14.30% on the first Review Date or at least 28.60% on the final Review Date. If the notes are not called and the Final Value is at or above the 90% Barrier Amount, investors receive their $1,000 principal back at maturity.

If the notes are not called and the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 times the contract return, so investors lose 1% of principal for each 1% decline from the Initial Value and could lose their entire investment. The notes pay no interest, are unsecured obligations subject to the credit risk of both issuers, are not listed, and may have limited liquidity. The estimated value is illustrated at approximately $951.10 per $1,000 note and will not be less than $930.00, reflecting embedded selling commissions, a structuring fee and hedging costs.

J.P. Morgan filed a Rule 424(b)(3) index supplement under Registration Statement Nos. 333-270004 and 333-270004-01, updating materials for the J.P. Morgan Total Return SM Index.

The update presents hypothetical backtested and actual historical monthly and annual returns and weights. Backtesting uses alternative performance for some Basket Constituents from May 3, 2004 to June 25, 2014, then backtested performance using actual constituent data from June 26, 2014 to July 12, 2017, followed by actual index performance from July 13, 2017 to October 31, 2025. The methodology described is the one currently used to calculate the Index, with reminders that past performance and allocations are not indicative of future results.

Key risks highlighted include: the Index’s limited operating history (established July 13, 2017), momentum strategy risks, monthly rebalancing and weighting constraints, potential correlation effects among constituents, and fixed-income market exposures (including high-yield, MBS, preferreds, floating-rate notes, and emerging markets). The materials note a historical volatility threshold of 5% that may not be maintained and the credit risk of JPMorgan Chase Bank, N.A.. JPMS, as Index Sponsor, may make adjustments that affect index levels.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Contingent Buffered Equity Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $10,000,000 at $1,000 per note, with selling fees of $15.83 per note and proceeds to the issuer of $9,841,700. The estimated value is $978.60 per $1,000 note.

The notes provide unleveraged upside to the Index capped at a Maximum Upside Return of 8.25%, and a positive return equal to the Absolute Index Return when the Index declines by up to the Contingent Buffer Amount of 46.95%. If the Index falls by more than 46.95% from the Index Strike Level of 6,654.95, investors lose 1% of principal for each 1% further decline and may lose all principal. No interest or dividends are paid.

Key dates: Strike Date November 7, 2025; Pricing Date November 10, 2025; Valuation Date December 30, 2027; Maturity Date January 4, 2028. Minimum denominations are $10,000 and integral multiples of $1,000. The notes are unsecured and not FDIC insured.