Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., announced preliminary terms for Capped Dual Directional Barrier Notes linked equally to the S&P MidCap 400 Index and the Russell 2000 Index, due April 27, 2028. The notes provide unleveraged upside exposure to the Basket, capped by a Maximum Upside Return of at least 24.50%.

If the Basket declines but finishes at or above the 60.00% Barrier Amount, investors receive a positive return equal to 50.00% of the absolute decline (capped at a 20.00% gain). If the Basket closes below the Barrier, repayment is fully exposed to losses and investors can lose a substantial portion or all principal. The notes pay no interest or dividends and are subject to the credit risk of the issuer and guarantor.

Minimum denomination is $1,000. Illustrative economics include an estimated value of approximately $979.70 per $1,000 if priced today, and not less than $900.00 per $1,000 when set. Selling commissions will not exceed $9.50 per $1,000. The Observation Date is April 24, 2028, with payment at maturity based on Basket performance and the stated formulas.

JPMorgan Chase Financial Company LLC plans to offer Auto Callable Yield Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay at least 6.30% per annum, distributed monthly at a rate of at least 0.525%, and may be automatically called on quarterly Review Dates if the Index is greater than or equal to the Initial Value, starting October 27, 2026. If not called, they mature on October 31, 2030. A 15.00% buffer limits losses to declines beyond that level; investors risk losing up to 85.00% of principal at maturity if the Index falls more than the buffer.

The Index includes a 6.0% per annum daily deduction and a notional financing cost tied to SOFR+0.50%, which reduce performance relative to an identical index without such deductions. Minimum denomination is $1,000 per note. If priced today, the estimated value would be approximately $918.40 per $1,000 note and will not be less than $900.00 when set. Selling commissions will not exceed $39.00 per $1,000 note.

JPMorgan Chase & Co. is offering Callable Fixed Rate Notes due October 28, 2030. The notes pay 4.20% per annum, with interest paid in arrears on April 28 and October 28 of each year, starting April 28, 2026, using a 30/360 day count. The issuer may redeem the notes in whole on the 28th of April and October from October 28, 2027 through April 28, 2030, at par plus accrued interest, with at least 5 business days’ notice to DTC.

At maturity, holders receive principal plus any accrued interest if the notes have not been called. The Business Day Convention is Following and the Interest Accrual Convention is Unadjusted. The price to the public is $1,000 per note. Selling commissions would be approximately $2.00 per $1,000 if priced today and will not exceed $5.00 per $1,000. These unsecured obligations are not bank deposits and are not FDIC insured. The issuer highlights resolution-plan considerations under which unsecured creditors, including noteholders, could bear losses in a recapitalization scenario.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable Contingent Interest Notes linked to the worst performer of the Nasdaq-100, Russell 2000, and S&P 500, due October 27, 2028.

The notes pay a monthly Contingent Interest Payment only if each index closes at or above 75.00% of its Initial Value on a Review Date. The Contingent Interest Rate will be at least 8.10% per annum (at least 0.675% per month). The issuer may redeem the notes early, in whole, on any Interest Payment Date except the first, second and final; the earliest potential call date is January 29, 2026.

At maturity, if not called, you receive par plus the final coupon if each index is at or above its Buffer Threshold (75.00%). Otherwise, principal is reduced 1-for-1 beyond the 25.00% Buffer, with up to 75.00% principal loss possible. Minimum denomination is $1,000. Estimated value is approximately $977.80 per $1,000 note (not less than $900.00 at pricing). Selling commissions will not exceed $7.50 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary 424B2 for Market Linked Securities tied to the iShares Bitcoin Trust ETF (IBIT), expected to price on October 24, 2025 and mature on October 29, 2030. Each security has a $1,000 price to public, selling commissions of $38.70 per security, and proceeds to the issuer of $961.30 per security.

The notes offer 150% upside participation to a cap with a maximum return of at least 290.50% (maximum maturity payment of at least $3,905.00 per security). Downside is contingent: principal is returned if IBIT’s ending price is between the starting price and a 75% threshold; below the threshold, losses match IBIT’s decline and can result in losing most or all principal. The estimated value, if priced today, is approximately $914.80 per security (not less than $900.00 when set). These are unsecured obligations, not bank deposits, and are not FDIC insured.

JPMorgan Chase Financial Company LLC announced preliminary terms for Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due November 1, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay a Contingent Interest at a rate of at least 8.00% per annum (0.66667% monthly) when the Index closes on a Review Date at or above the 66.00% Interest Barrier. Missed interest can accrue and be paid later if the barrier is met.

The notes feature an automatic call if the Index is at or above the Initial Value on any Review Date (other than the first through eleventh and final), with the earliest call date on October 29, 2026. At maturity, if not called, principal is protected only down to the 80.00% Buffer Threshold; below that, investors can lose up to 80.00% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which act as a drag on performance. Minimum denomination is $1,000; if priced today, the estimated value would be approximately $914.90 per $1,000, and will not be less than $900.00 per $1,000 at pricing. Expected pricing is on or about October 29, 2025, with settlement on or about October 31, 2025.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year MQUSTVA Buffered Equity Notes under Rule 424(b)(3). The notes are linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA), which applies a 6.0% per annum daily deduction and references the QQQ Fund on an excess return basis.

Key terms include a 15.00% buffer against declines at maturity, a minimum denomination of $1,000, and monthly review dates after an initial one-year non-call period. If the Underlying is at or above 100% of its initial value on a review date, the notes are automatically called with a call premium of at least 16.00% per annum. The pricing date is October 28, 2025, the final review date is October 28, 2030, and maturity is October 31, 2030 (CUSIP 48136JHG2).

The estimated value will not be less than $900 per $1,000 principal amount. The Underlying can vary exposure between 0% and 500% and, since February 9, 2024, references the Invesco QQQ Trust’s total return minus financing costs. You may lose principal, and all payments are subject to the issuer’s and guarantor’s credit risk.

JPMorgan Chase Financial Company LLC filed a Rule 424(b)(3) terms supplement for auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA), guaranteed by JPMorgan Chase & Co. The notes offer a contingent interest rate of at least 8.25% per annum, paid monthly if conditions are met, with monthly review dates.

Key thresholds include a 95.00% Call Value, an 85.00% Interest Barrier/Buffer Threshold, and a 15.00% buffer. If called, holders receive principal plus due interest; if not called and the final value is below the buffer threshold, principal is reduced per formula. The estimated value will not be less than $900 per $1,000 note. The underlying reflects a 6.0% per annum deduction and a daily notional financing cost tied to QQQ excess return. Pricing Date: October 28, 2025; Maturity Date: October 3, 2028. Payments are subject to issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering primary structured notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the S&P 500 Index, Nasdaq‑100 Index, and Russell 2000 Index, maturing on November 2, 2028. The notes may be automatically called if, on any Review Date, each index is at or above its applicable Call Value, with the earliest potential call on October 30, 2026. Denominations are $1,000 and multiples thereof.

The design features a 30.00% Buffer Amount and minimum Call Premium Amounts of at least 7.700% on the first Review Date, stepping up to at least 23.100% on the final Review Date. If not called and any index finishes below its Initial Value by more than the Buffer Amount, repayment of principal will be reduced, with potential loss of up to 70.00% at maturity. These notes pay no interest or dividends. Selling commissions will not exceed $6.00 per $1,000 note. If priced today, the estimated value would be approximately $977.70 per $1,000 note, and when set it will not be less than $940.00 per $1,000.

JPMorgan Chase Financial Company LLC priced Trigger Jump Securities linked to Vertiv Holdings Co Class A common stock, due May 5, 2027, in an aggregate principal amount of $8,044,000 at $1,000 per security. The securities are fully and unconditionally guaranteed by JPMorgan Chase & Co. and will not be listed.

If the final stock price on the valuation date is greater than or equal to the initial stock price of $177.82, each security pays $1,000 + $535 (a fixed 53.50% upside). If the final price is below the initial but at or above the 70% trigger level of $124.474, the maturity payment is $1,000. If it is below the trigger, repayment is $1,000 × (final/initial), resulting in losses greater than 30% and potentially zero. The securities pay no interest and provide no dividends.

The estimated value on the pricing date was $947.10 per $1,000. Commissions were $20 per security plus a $5 structuring fee (total fees $201,100), with total proceeds to the issuer of $7,842,900. The valuation date is April 30, 2027, and payment at maturity is subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC priced Trigger Jump Securities linked to Uber Technologies, Inc. common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The issue totals $4,395,000 in aggregate principal amount under the 424(b)(2) program.

The notes offer a fixed upside payment of $321 per $1,000 (32.10%) at maturity if the final stock price is at or above the initial price. Principal is returned if Uber’s final price is below the initial but at or above the trigger level of $69.39 (75% of the $92.52 initial price). If the final price falls below the trigger, repayment is linear with the stock’s decline, and investors can lose all principal.

The securities pay no interest, are unsecured obligations of JPMorgan Chase Financial Company LLC, and mature on May 5, 2027 (valuation date April 30, 2027). The issue price is $1,000 per note; total fees and commissions are $109,875, with proceeds to issuer of $4,285,125. The estimated value on pricing date was $958 per $1,000. The notes will not be listed on any exchange, and any payment is subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC priced $2,769,000 of Auto Callable Buffered Return Enhanced Notes linked to the least performing of the S&P 500, Nasdaq-100 Technology Sector Index and Russell 2000, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes priced on October 16, 2025 and are expected to settle on or about October 21, 2025, with maturity on November 19, 2026.

The notes may be automatically called on October 22, 2026 if each index is at or above its Call Value (100% of its Initial Value), paying $1,000 plus a $117.50 call premium per note. If not called and all indices finish above their Initial Values, maturity pays 3.00 times the appreciation of the least performer. A 15.00% buffer applies; if any index falls more than the buffer, principal is reduced 1% per 1% decline beyond the buffer, up to 85.00% loss. The notes pay no interest or dividends and are unsecured. Price to public is $1,000 per note; fees are $22.25 and issuer proceeds are $977.75 per note (total fees $61,610.25; total proceeds $2,707,389.75). The estimated value was $971.90 per $1,000.

JPMorgan Chase Financial Company LLC priced Trigger Jump Securities linked to the EURO STOXX 50 Index, due November 3, 2028, with an aggregate principal amount of $8,803,000 under its Series A MTN program, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are issued at $1,000 per security, pay no interest, and are not listed. At maturity, holders receive: (i) if the final index value is greater than or equal to the initial level, $1,000 plus the greater of full index participation or an upside payment of $310.50 per $1,000 (31.05%); (ii) if the index is down by no more than 10%, $1,000; (iii) if the index is down by more than 10%, $1,000 × (final/initial), risking substantial loss up to total loss of principal.

Key terms: initial index value 5,652.01; trigger level 5,086.809 (90% of initial); valuation date October 31, 2028. Estimated value on pricing date is $955 per $1,000. Commissions are $25.00 per note plus a $5.00 structuring fee; proceeds to issuer total $8,538,910. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC priced $22,954,000 of Dual Directional Buffered PLUS linked to the S&P 500 Index, due November 3, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and are principal-at-risk.

Each $1,000 note offers 150% leveraged upside on gains, capped at a maximum payment of $1,163.50 per note. If the index declines by up to the 10.00% buffer, investors receive a positive return equal to the absolute decline (up to 10%). Losses resume beyond the buffer, with a minimum payment of $100.00 per note at maturity.

The issue price is $1,000 per note; fees and commissions total $25 per note ($20 selling, $5 structuring), with aggregate fees of $573,850 and $22,380,150 in proceeds to the issuer. The estimated value on the pricing date was $965.60 per $1,000 note. The notes will not be listed on any exchange, and any payment is subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering preliminary Buffered Digital Notes linked to the least performing of XLP, the Russell 2000 Index and the S&P 500 Futures Excess Return Index, due January 21, 2027. The notes pay a fixed return of at least 10.30% at maturity if each Underlying finishes at or above its Strike Value or down by up to 25.00%. If any Underlying falls more than the 25.00% buffer, repayment is reduced by the Downside Leverage Factor 1.33333.

Key terms include minimum denominations of $1,000, Strike Date October 17, 2025 (XLP $79.73; RTY 2,452.173; SPXFP 546.70), Observation Date January 15, 2027, and settlement on or about October 24, 2025. Price to public is $1,000 per note; selling commissions will not exceed $2.00 per $1,000. If priced today, the estimated value would be approximately $992.90 per $1,000, and will not be less than $960.00 per $1,000 when set. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, may be illiquid, and can result in loss of principal if the buffer is breached.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Technology Sector Index (NDXT), the S&P 500 Index (SPX) and the iShares Biotechnology ETF (IBB), fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest of at least 11.15% per annum (at least 0.92917% monthly) for each Review Date when each Underlying closes at or above 70.00% of its Initial Value (the Interest Barrier). They are callable at the issuer’s option on any Interest Payment Date starting April 23, 2026. At maturity on April 25, 2028, if not called and each Final Value is at or above its 85.00% Buffer Threshold, investors receive $1,000 plus the final Contingent Interest; otherwise, principal is reduced using a 15.00% Buffer and a 1.17647 downside leverage factor.

Minimum denomination is $1,000. Selling commissions will not exceed $7 per $1,000 note. If priced today, the estimated value would be approximately $973 per $1,000 note and will not be less than $900 per $1,000 when set. The notes are unsecured, not listed, and are not FDIC insured.

JPMorgan Chase Financial Company LLC priced a $350,000 primary 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.

The notes pay a 10.75% per annum contingent rate (2.6875% quarterly), or $26.875 per $1,000 each quarter the Index closes at or above the 60.00% Interest Barrier (2,276.496). Missed interest can be paid later if the barrier is met on a future Review Date. The notes may be automatically called if the Index is at or above the Initial Value on specified Review Dates, with the earliest call on October 16, 2026; otherwise they mature on October 21, 2030. If held to maturity and the Final Value is below the Trigger (60% of Initial Value), principal is reduced one-for-one with the Index return.

Price to public: $1,000 per note; fees: $42.75; proceeds to issuer: $957.25 per note ($335,037.50 total). The estimated value was $904.00 per $1,000 at pricing. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The Index includes a 6.0% per annum daily deduction, which can drag performance.

JPMorgan Chase Financial Company LLC priced a $12,143,000 offering of Auto Callable Contingent Interest Notes linked to the common stock of Carrier Global Corporation (CARR), due October 19, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of 10.20% per annum (2.55% quarterly) when the closing price of CARR on a Review Date is at or above the Interest Barrier of 65.00% of the Initial Value (Trigger Value is the same). The Initial Value was $56.75; 65% equals $36.8875. Missed coupons can be paid later if a subsequent Review Date meets the barrier. The notes may be automatically called if CARR’s price on any Review Date (excluding the first and final) is at least the Initial Value; the earliest potential call is April 16, 2026.

Per $1,000 note: Price to public $1,000, fees $25, and proceeds to issuer $975 (total proceeds shown $11,839,425). The estimated value at pricing was $948.90 per $1,000. Minimum denomination is $1,000. The notes are unsecured and subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index, due September 24, 2027, and fully guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of at least 10.90% per annum (0.90833% per month) for any Review Date on which each index closes at or above 70% 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 January 26, 2026. The price to public is $1,000 per note; selling commissions will not exceed $6.50 per $1,000. If priced today, the estimated value would be approximately $970.40 per $1,000 and will not be less than $900.00 per $1,000 when set. If not called, at maturity you receive $1,000 plus final interest if all indices are at or above the 70% trigger; otherwise, repayment is reduced by the Least Performing Index’s decline, which can result in substantial loss of principal.

JPMorgan Chase Financial Company LLC priced $2,259,000 of callable Review 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 October 20, 2026, and mature on October 21, 2030.

The product offers fixed Call Premium Amounts per $1,000 of $221.50 (first review) up to $1,107.50 (final review) if the Index is at or above the Call Value on a Review Date. A 15% downside buffer applies at maturity; otherwise investors can lose up to 85% of principal. The notes pay no interest and provide no dividends.

Pricing terms: price to public $1,000 per note, selling commissions $44, and proceeds to issuer $956. The estimated value was $909.60 per $1,000 at pricing. The Index includes a 6.0% per annum daily deduction and a notional financing cost, and can adjust exposure up to 500% using a 35% target volatility framework. Minimum denomination is $1,000.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to NIKE, Inc. Class B stock, due November 2, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon of at least 10.00% per annum (paid quarterly at at least 2.50%) for any Review Date on which NIKE’s closing price is at or above the 60.00% Interest Barrier. Missed coupons may be paid later if a subsequent Review Date meets the barrier. The notes are auto-callable on any Review Date (other than the first and final) if NIKE closes at or above the Initial Value; the earliest potential call date is April 29, 2026.

If not called, at maturity you receive par plus any due coupons if the Final Value is at or above the Trigger Value (60.00% of Initial). If the Final Value is below the Trigger, the payoff is $1,000 + ($1,000 × Stock Return), and you can lose a significant portion or all of your principal. The notes are unsecured obligations subject to the credit risk of the issuer and guarantor. Minimum denomination is $1,000. Estimated value would be approximately $952 per $1,000 note if priced today and will not be less than $940 when set. Selling commissions for brokerage accounts will not exceed $25 per $1,000 note; fee-based advisory accounts price not lower than $975.

JPMorgan Chase Financial Company LLC set terms for Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $1,071,000, with proceeds to the issuer of $1,047,170.25 after $23,829.75 in fees.

The notes pay a contingent 8.80% per annum rate, or $7.3333 per $1,000 monthly, but only if each index closes at or above 70% of its Initial Value on the review date. They are callable at the issuer’s option on interest payment dates (excluding the first, second and final), first eligible on January 22, 2026, and mature on September 21, 2027.

If not called, principal is protected only if each index’s final level is at least its trigger (70% of initial); otherwise, repayment is reduced by the least performing index’s decline, which can result in substantial loss. The estimated value at pricing was $955.30 per $1,000.

JPMorgan Chase Financial Company LLC priced $435,000 of Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due September 21, 2027, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment of $8.3333 per $1,000 (10.00% per annum) for any Review Date on which each index closes at or above 70.00% of its Initial Value. The issuer may redeem the notes early, in whole, on any Interest Payment Date other than the first, second and final; the earliest call date is January 22, 2026.

At maturity, if not called and each Final Value is at least 65.00% of its Initial Value, holders receive $1,000 plus any final contingent interest. If any Final Value is below its 65.00% Trigger Value, the payoff equals $1,000 + ($1,000 × Least Performing Index Return), exposing investors to losses of more than 35.00% and up to all principal.

Pricing terms: price to public $1,000 per note; fees $7.25; proceeds to issuer $992.75 per note, totaling $431,846.25. The estimated value was $969.90 per $1,000 at pricing. Minimum denominations are $1,000; settlement is expected on or about October 21, 2025.

JPMorgan Chase Financial Company LLC priced a primary offering of $5,590,000 Auto Callable Accelerated Barrier Notes linked to the Dow Jones Industrial Average, Nasdaq‑100, and Russell 2000, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to settle on or about October 21, 2025 and mature on October 21, 2027.

The issuer’s proceeds are $5,467,020 after $122,980 in fees and commissions. Denominations are $1,000. The notes may be automatically called on October 22, 2026 if each index is at or above its Call Value (100% of Initial Value), paying $1,000 plus a $167.50 call premium per note. If not called, at maturity investors receive an uncapped 2.00x return on the least-performing index if all indices finish above their Initial Values; return of principal if each remains at or above the 70% Barrier Amount; otherwise losses match the decline of the least performer, up to total loss of principal.

The notes pay no interest or dividends and are subject to the credit risk of both the issuer and guarantor. The estimated value at pricing is $968.60 per $1,000 note.

JPMorgan Chase Financial Company LLC priced $9,930,000 Auto Callable Contingent Interest Notes linked to Broadcom Inc. (AVGO), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a contingent interest rate of 15.65% per annum, paid at 3.9125% quarterly when AVGO’s closing price on a Review Date is at or above the Interest Barrier, set at 60.00% of the Initial Value ($212.49).

The Initial Value was $354.15 on October 16, 2025. The notes auto-call if AVGO is at or above the Initial Value on any Review Date before the final one; otherwise, at maturity investors receive principal only if the Final Value is at or above the Trigger Value (60.00% of Initial Value). If below, repayment is reduced one-for-one with AVGO’s decline. The estimated value is $961.80 per $1,000 note. Pricing includes $15.00 fees per $1,000, with $985.00 per-note proceeds to the issuer; totals: price to public $9,930,000; fees $148,950; issuer proceeds $9,781,050. Settlement is expected on October 21, 2025.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a Contingent Interest Rate of at least 10.50% per annum (paid monthly at least 0.875%) when the Index on a Review Date is at or above the 70.00% Interest Barrier; missed coupons are paid later if a subsequent Review Date meets the barrier. The notes may be automatically called if the Index is at or above the Initial Value on eligible Review Dates, with the earliest call window beginning October 22, 2026.

Principal is protected only to the 80.00% Buffer Threshold; if the Final Value is below that level at maturity, repayment is reduced dollar-for-dollar beyond the 20.00% Buffer, up to an 80.00% principal loss. Minimum denominations are $1,000. If priced today, the estimated value would be approximately $946.80 per $1,000 note and will not be less than $900.00 per $1,000 when set. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which reduce Index performance. Selling commissions will not exceed $6.50 per $1,000. The notes will not be listed and are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering preliminary Auto Callable Contingent Interest Notes linked to the lesser performing of the Nasdaq-100 Technology Sector Index and the VanEck Gold Miners ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay contingent interest of at least 9.75% per annum (0.8125% monthly) when, on a Review Date, the closing value of each underlying is at or above 70% of its Initial Value. The earliest potential automatic call is April 24, 2026; maturity is October 27, 2028.

If called, investors receive $1,000 per note plus the applicable contingent interest for that Review Date. If not called, and on the final Review Date both underlyings are at or above 50% of their Initial Values, investors receive $1,000 per note plus any final contingent interest. If either underlying ends below 50%, repayment is reduced one‑for‑one with the downside of the lesser performer, which can result in losing a significant portion or all principal.

Minimum denominations are $1,000. If priced today, the estimated value would be approximately $948.40 per $1,000 note and will not be less than $900.00 when set. Selling commissions will not exceed $29.50 per $1,000 note. Payments are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and investors forgo dividends on the underlying assets.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000 and S&P 500, due April 26, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer a Maximum Upside Return of at least 17.90% and a 15.00% buffer. If both indices finish above their initial levels, gains track the lesser performer up to the cap; if one or both finish at or within the 15% decline, returns reflect the absolute decline of the lesser performer, effectively capped at 15%. Below the buffer, principal is reduced 1-for-1 with the lesser performer’s further loss, with up to 85.00% principal loss at maturity. The notes pay no interest or dividends, are unsecured, and will not be listed. Minimum denomination is $1,000, and the price to public per note is $1,000. If priced today, the estimated value would be $970.20 per $1,000 note; when set, it will not be less than $900.00. Selling commissions will not exceed $22.25 per $1,000 note.

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 target a Contingent Interest Rate of at least 9.00% per annum (paid monthly if conditions are met), with interest payable when the Index closes at or above the 75.00% Interest Barrier on a Review Date; unpaid coupons can accrue and be paid later if the barrier is met.

The notes may be automatically called starting October 22, 2026 if the Index closes at or above the 94.50% Call Value on an eligible Review Date, returning $1,000 plus applicable contingent interest. If not called, maturity is October 25, 2030. Principal is protected only by a 15.00% Buffer Amount; if the Final Value is below the 85.00% Buffer Threshold, holders lose 1% of principal for each 1% decline beyond the buffer, up to 85% loss.

The Index includes a 6.0% per annum daily deduction and the QQQ-based Underlying Asset is subject to a daily notional financing cost, both of which drag performance. Minimum denomination is $1,000. Estimated value if priced today is approximately $912.70 per $1,000, and will not be less than $900.00 per $1,000 when set. The notes are unsecured obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and will not be listed.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to Salesforce, Inc. (CRM), maturing on April 26, 2027. The notes pay a Contingent Interest Rate of at least 16.00% per annum (1.33333% monthly) on any Review Date when CRM’s closing price is at or above the Interest Barrier of 70.00% of the Initial Value.

The notes are auto‑callable beginning January 21, 2026 if CRM closes at or above the Initial Value, returning $1,000 per note plus the applicable monthly interest; no further payments occur after a call. If held to maturity and not called, principal repayment depends on CRM’s level: if the Final Value is at or above the Trigger Value of 60.00% of the Initial Value, investors receive $1,000 plus the final month’s interest (if earned). If below the Trigger, repayment is $1,000 plus $1,000 × Stock Return, risking losses greater than 40% up to full principal loss. Minimum denomination is $1,000. The estimated value would be about $984 per $1,000 today and will not be less than $970 at pricing. Sales are to fee‑based advisory accounts with no commissions; JPMS may pay a $4 structuring fee per $1,000 note.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to Salesforce, Inc. (CRM), fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest on each Review Date only if CRM’s closing price is at least 70.00% of the Initial Value (the Interest Barrier). They are auto‑callable if CRM is at least the Initial Value on any Review Date other than the first, second and final; the earliest potential call is January 22, 2026. If not called, and the Final Value is below the 60.00% Trigger Value, principal is reduced 1% for each 1% decline from the Initial Value, up to total loss. Upside is limited to any Contingent Interest paid.

The hypothetical Contingent Interest Rate is shown at 16.00% per annum (1.33333% monthly), with the actual rate to be at least 16.00% per annum. The estimated value would be about $979.10 per $1,000 if priced today and will not be less than $900.00 per $1,000 when set. Minimum denomination is $1,000; selling commissions will not exceed $6 per $1,000. The notes are expected to price on or about October 22, 2025 and settle on or about October 27, 2025. These are unsecured obligations subject to the issuer and guarantor’s credit risk.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Capped Buffered Equity Notes linked to the S&P 500 Index, maturing on October 26, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest and return depends on the Index level on the October 22, 2027 determination date. Upside is capped, with a maximum settlement amount expected between $1,184.50 and $1,216.50 per $1,000, corresponding to a cap level expected between 118.45% and 121.65% of the initial level. A 20% buffer protects principal for moderate declines; beyond that, losses increase at a 1.25x rate. The notes are not listed and have no redemption feature.

The estimated value at pricing is expected between $970.30 and $980.30 per $1,000. The original issue price is 100% of principal, with an underwriting commission up to 1.73%. Any payments are subject to the credit risk of the issuer and guarantor. Settlement is on or about October 27, 2025, and JPMS is the calculation agent.

JPMorgan Chase Financial Company LLC plans to issue Callable Contingent Interest Notes linked to the least performing of the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may pay monthly contingent interest only if each index closes at or above 70% of its Initial Value on a Review Date. They are callable at the issuer’s option on interest payment dates starting February 5, 2026 and mature on October 5, 2027. The indicated contingent interest rate will be set within 10.25%–12.25% per annum.

The notes are unsecured, not listed, and expose holders to loss of principal if, at maturity, the least performing index finishes below its 70% Trigger Value. The preliminary estimated value is about $970 per $1,000 note and will not be less than $900 per $1,000 when finalized. Selling commissions will not exceed $7.50 per $1,000. Investors forgo dividends and fixed interest and are subject to issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC priced Auto Callable Contingent Interest Notes linked to the S&P 500 Index under Rule 424(b)(2). The offering totals $700,000 at $1,000 per note, with per‑note proceeds to the issuer of $989.58 after $10.42 in fees. The notes pay a $22.85 Contingent Interest Payment per $1,000 note on each Interest Payment Date if the Index on the related Review Date is at or above the Interest Barrier.

The Interest Barrier and Trigger Level are 5,242.008 (80.00% of the Index Strike Level). The Index Strike Level is 6,552.51. The notes auto‑call if, on any non‑final Review Date, the Index closes at or above the Index Strike Level; the earliest possible call is February 10, 2026. If held to maturity on November 16, 2026 and no Trigger Event occurs, investors receive $1,000 plus due contingent interest. If a Trigger Event occurs, repayment is $1,000 + ($1,000 × Index Return), exposing investors to losses greater than 20% and up to all principal.

The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The estimated value is $981.00 per $1,000 note at pricing.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Review Notes linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 Index, due November 5, 2029, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called if on any Review Date both indices close at or above their Call Value (100% of Initial Value). Minimum Call Premium Amounts are 9.50%, 19.00%, 28.50% and 38.00% for successive Review Dates, with the earliest call window on November 9, 2026. If not called, principal is repaid at maturity only if each index’s Final Value is at or above the Barrier Amount (70% of Initial Value); otherwise, repayment is reduced by the Lesser Performing Index Return, which can result in substantial loss, up to total loss.

The notes pay no interest or dividends, are issued in $1,000 minimum denominations, and are expected to price on or about October 31, 2025 and settle on or about November 5, 2025. Estimated value if priced today is about $950.10 per $1,000, and will not be less than $930.00. Selling commissions will not exceed $20 per $1,000, and a $8 structuring fee may apply.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary pricing supplement for Market Linked Securities that are auto‑callable with contingent coupons and contingent downside, linked to the lowest performing of the S&P 500, Dow Jones Industrial Average, Nasdaq‑100 and EURO STOXX 50. Each security is priced at $1,000, with $23.25 in fees and commissions and $976.75 in proceeds to the issuer per security. The estimated value would be approximately $949.30 per security and will not be less than $910.00 when set.

The notes pay a quarterly contingent coupon at a rate set on pricing, at least 8.00% per annum, only if the lowest performing index on the calculation day is at or above its 70% threshold. They are auto‑callable from April 2026 to July 2028 if the lowest performer is at or above its starting level, returning principal plus the final coupon.

If not called, at maturity on November 2, 2028 you receive $1,000 if the lowest performing index is at or above its threshold; otherwise the payout is $1,000 + ($1,000 × index return of the lowest performer), exposing investors to losses greater than 30% and up to total loss of principal. Pricing is expected on October 30, 2025 with issuance on November 4, 2025.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Capped Callable Fixed to Floating Rate Notes due December 3, 2026, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay 4.15% per annum during the initial three months. Thereafter, interest resets each period to Compounded SOFR + 0.15%, subject to a 0.00% minimum and a 4.15% maximum. Interest is paid quarterly on February 3, May 3, August 3, and November 3, beginning February 3, 2026, and at maturity.

The issuer may call the notes at par plus accrued interest on May 3, 2026, August 3, 2026, or November 3, 2026. The price to the public is $1,000 per note. If priced today, selling commissions would be approximately $0.30 per $1,000 and will not exceed $1.00 per $1,000. Key conventions include Following Business Day, Unadjusted interest accrual, and Actual/360. The notes are unsecured obligations and are not FDIC insured. Risks include capped upside, potential for zero interest after the initial period, limited secondary market liquidity, and benchmark transition mechanics.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary 424B2 for Market Linked Securities due November 2, 2028. These auto-callable notes pay a contingent coupon monthly at a rate set on the pricing date, at least 8.00% per annum, but only if the lowest performing of the S&P 500, Russell 2000, and Nasdaq‑100 Technology Sector Index is at or above its 70% threshold on the related calculation day.

The notes may be automatically called on monthly dates from April 2026 to September 2028 if the lowest performing index is at or above its starting level; if called, holders receive par plus the final contingent coupon. If not called, at maturity investors receive: $1,000 if the lowest performer is at or above its threshold; otherwise, $1,000 + ($1,000 × index return), exposing principal to losses beyond 30% and possibly to zero.

Per security economics: Price to public $1,000; fees $23.25; proceeds to issuer $976.75. The estimated value would be approximately $950.50 per security if priced today and will not be less than $920.00 when set.

JPMorgan Chase Financial Company LLC plans to issue unsecured, automatically callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be called early if the Index closes at or above the Call Value on any Review Date starting on October 30, 2026, paying $1,000 plus a Call Premium Amount calculated using a Call Premium Rate of at least 16.10%. If not called, the notes mature on November 1, 2030.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, and can use leverage up to 500% with a 35% target volatility, which can drag performance versus a comparable index without these deductions. If the notes are not called and the Final Value is below the 60.00% Barrier Amount, repayment is $1,000 plus $1,000 × Index Return, risking substantial principal loss. Preliminary economics include minimum denominations of $1,000, selling commissions not exceeding $50 per $1,000, and an estimated value of approximately $898.60 per $1,000 if priced today (not less than $880.00 per $1,000 when set). Payments are subject to the credit risks of the issuer and guarantor.

JPMorgan Chase & Co. outlined preliminary terms for Callable Fixed Rate Notes due October 31, 2035, subject to completion. The notes pay 4.75% per annum, with interest paid annually on October 31, beginning in 2026. The issuer may redeem the notes, in whole but not in part, on the last calendar day of April and October from October 31, 2027 through April 30, 2035 at par plus accrued interest.

Key conventions include Following Business Day, Unadjusted Interest Accrual, and 30/360 day count. The preliminary per-note price to the public is $1,000, with eligible institutional or fee-based accounts between $975.10 and $1,000 per $1,000 principal. Selling commissions would be approximately $10 per $1,000 if priced today and will not exceed $30 per $1,000. The notes are unsecured obligations of JPMorgan Chase & Co. and are not FDIC insured. Resolution framework disclosures note that in a stress scenario, unsecured creditors, including noteholders, could bear losses after equity.

JPMorgan Chase Financial Company LLC plans to issue Auto Callable Contingent Interest Notes linked to the least performing of Alphabet Class A (GOOGL), Intel (INTC) and Meta Class A (META), fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest at a rate of at least 16.35% per annum (at least 1.3625% per month) for any Review Date when each stock closes at or above its Interest Barrier of 60.00% of its Initial Value, with unpaid coupons accruing and paid later if the condition is met. They are auto callable on specified dates if each stock is at or above its Initial Value; the earliest call date is April 17, 2026. If not called, the notes mature on July 22, 2027.

At maturity, if any stock finishes below its Trigger Value of 50.00% of its Initial Value, investors receive $1,000 plus $1,000 times the Least Performing Stock Return, risking loss of more than 50% and up to all principal. Minimum denomination is $1,000. If priced today, the estimated value would be about $969.40 per $1,000, and will not be less than $930.00 per $1,000 when set. Selling commissions will not exceed $9.00 per $1,000.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates if the Index closes at or above 95% of the Initial Value, with call premiums starting at 19.00% of principal and rising by each Review Date, and mature on October 25, 2029.

The structure includes a 60.00% Barrier Amount at maturity: if the notes are not called and the Final Value is at or above the barrier, principal is returned; if below, repayment equals $1,000 plus $1,000 × Index Return, risking significant principal loss. The Index applies a 6.0% per annum daily deduction, which drags performance versus an identical index without a deduction. The earliest potential call date is October 27, 2026.

The notes pay no interest and forgo dividends. Minimum denomination is $1,000. Selling commissions will not exceed $40 per $1,000 note. If priced today, the estimated value would be about $906 per $1,000 note and will not be less than $900 per $1,000 when set. Payments are subject to the credit risks of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to pay a monthly Contingent Interest Payment only if each index closes at or above 70.00% of its Initial Value on the applicable Review Date.

The Contingent Interest Rate will be between 8.75% and 10.75% per annum (0.72917%–0.89583% per month), to be set at pricing. The notes may be automatically called if, on any applicable Review Date, each index is at or above its Initial Value; the earliest potential call is April 30, 2026. If not called, at maturity on May 4, 2028 investors receive par plus the final coupon if each index is at or above its Trigger Value (70% of Initial); otherwise, repayment is reduced in line with the Least Performing Index Return and may result in loss of most or all principal.

The notes are expected to price on or about October 31, 2025 and settle on or about November 5, 2025, in minimum denominations of $1,000. If priced today, the estimated value would be approximately $964.40 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing. Selling commissions will not exceed $7.50 per $1,000. CUSIP: 48136JJV7.

JPMorgan Chase & Co. plans to issue Callable Fixed Rate Notes due October 29, 2055. The notes pay a fixed 5.45% per annum, with interest paid annually on October 31 from 2026 through 2054 and at maturity, using a 30/360 day count. The notes may be redeemed at the issuer’s option, in whole and not in part, on the last calendar day of April and October each year from April 30, 2030 through April 30, 2055 at par plus accrued interest.

Pricing is scheduled for October 29, 2025, with settlement on October 31, 2025. For eligible institutional or fee‑based accounts, the price to the public will be not less than $927.60 and not greater than $1,000 per $1,000 principal amount. Selling commissions would be approximately $21.50 per $1,000 (capped at $50.00). The notes are not bank deposits and are not FDIC insured. Resolution disclosures note that in a stress or resolution scenario, unsecured creditors, including noteholders, could incur losses.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Uncapped Digital Barrier Notes linked to the lesser performing of the S&P 500 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes target uncapped, unleveraged upside at maturity with a Contingent Digital Return of at least 44.55%. A Barrier Amount of 75.00% of Initial Value applies to each index. If both Final Values are at or above their Initial Values, the maturity payment per $1,000 equals $1,000 plus the greater of the Contingent Digital Return or the lesser index’s return. If either index is below its Initial Value but both are at or above the Barrier Amount, principal is returned. If either index finishes below its Barrier Amount, repayment is reduced one-for-one with the lesser index’s decline, and investors could lose all principal.

Key terms include minimum denominations of $1,000, no interest, and no dividends. Expected pricing is on or about October 31, 2025; settlement and maturity are on or about November 5, 2025 and on November 5, 2030, respectively. Selling commissions will not exceed $30.00 per $1,000, and a possible structuring fee of $8.50 per $1,000 may be paid. If priced today, the estimated value would be $943.30 per $1,000, and when set, it will not be less than $920.00 per $1,000. The notes will not be listed, and any sale before maturity may occur at a substantial discount.

JPMorgan Chase & Co. filed a preliminary pricing supplement for Callable Fixed Rate Notes due October 31, 2045. The notes pay a fixed 5.50% per annum, with interest paid annually on October 31, starting in 2026, calculated on a 30/360 day count basis.

The notes are callable at par plus accrued interest on the last calendar day of April and October, beginning October 31, 2027 through April 30, 2045. Key dates include a Pricing Date of October 29, 2025, an Original Issue Date (Settlement) of October 31, 2025, and a Maturity Date of October 31, 2045. The Business Day Convention is Following and the Interest Accrual Convention is Unadjusted.

The price to the public is expected at $1,000 per $1,000 note (eligible advisory accounts: not lower than $950.10 and not greater than $1,000). If priced today, selling commissions would be approximately $5.00 per $1,000 note and will not exceed $45.00 per $1,000 note. The notes are not bank deposits and are not FDIC insured.

Resolution disclosures note that, under certain U.S. resolution regimes, holders are unsecured creditors of the parent company and could face losses before subsidiary creditors are paid. Tax counsel opines the notes will be treated as fixed‑rate debt instruments for U.S. federal income tax purposes.

JPMorgan Chase & Co. plans a primary offering of Callable Fixed Rate Notes due October 31, 2033. The notes pay a fixed 4.55% per annum, with interest payable annually on October 31, beginning in 2026, using a 30/360 day count. At maturity, holders receive principal plus accrued interest if the notes have not been called.

The notes are callable at the issuer’s option, in whole but not in part, on the last calendar day of January, April, July, and October from October 31, 2027 through July 31, 2033, at par plus accrued interest. Pricing contemplates a per‑note price to the public between $980.10 and $1,000 per $1,000 principal amount for eligible accounts; selling commissions would be approximately $8.25 per $1,000 note and will not exceed $25.00.

These senior unsecured obligations are issued by the holding company and, in a resolution scenario, claims of noteholders would rank behind creditors of JPMorgan Chase & Co.’s subsidiaries. Special tax counsel opines the notes will be treated as fixed‑rate debt instruments.

JPMorgan Chase Financial Company LLC plans to offer Auto Callable Contingent Interest Notes linked to the Class A common stock of The Trade Desk, Inc. (TTD), due October 22, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of at least 16.50% per annum (at least $13.75 per $1,000 monthly) for each Review Date on which TTD’s closing price is at least 50.00% of the Initial Value (the Interest Barrier). Beginning with the sixth Review Date, the notes are automatically called if TTD’s closing price is at least the Initial Value; the earliest potential call is April 17, 2026. If called, holders receive $1,000 plus the applicable contingent interest.

If not called, at maturity investors receive $1,000 plus the final contingent interest if the Final Value is at least the Trigger Value (50.00% of the Initial Value). If the Final Value is below the Trigger Value, the payoff is $1,000 + ($1,000 × Stock Return), which can result in losing more than 50% of principal, up to total loss. The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000. The preliminary estimated value is approximately $928.10 per $1,000, and will not be less than $910.00 per $1,000 when set. Expected pricing is on or about October 17, 2025, with settlement on or about October 22, 2025.

JPMorgan Chase & Co. outlined preliminary terms for Callable Fixed Rate Notes due October 29, 2032. The notes pay a fixed 4.35% annual interest rate, with interest paid in arrears each October 31 from 2026 through 2031 and on maturity. The issuer may redeem the notes at par plus accrued interest on the last calendar day of April and October, beginning on October 31, 2027 and ending on April 30, 2032.

Each note has a price to the public of $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts offered between $985.10 and $1,000. Selling commissions would be approximately $10.00 per $1,000 principal amount note and will not exceed $25.00 per $1,000. Key conventions include Following Business Day, Unadjusted interest accrual, and 30/360 day count. The notes are unsecured obligations of JPMorgan Chase & Co. and are subject to selected risks, including resolution strategy considerations under the Dodd-Frank Act.