Alerian MLP Index ETN 424B Filings

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of International Business Machines Corporation (IBM), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a term to July 27, 2028 and minimum denominations of $1,000.

Holders may receive a Contingent Interest Payment of at least $35 per $1,000 (at least 14.00% per annum, paid quarterly) for any Review Date where IBM’s closing price is at or above 50.00% of the Initial Value, with previously unpaid coupons paid if the condition is later met. The notes are automatically called if, on any non-first, non-final Review Date, IBM’s price is at or above the Initial Value, with repayment of principal plus due and unpaid contingent interest.

If not called and IBM’s final price is at or above the 50.00% Trigger Value, investors receive principal plus the applicable contingent interest and any unpaid coupons. If the final price is below the Trigger Value, repayment is reduced by IBM’s negative Stock Return, and investors can lose more than 50% and up to all principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., with an indicative estimated value of about $960 per $1,000 and not less than $940 at pricing.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about August 3, 2026 and mature on August 7, 2031, in minimum denominations of $1,000.

At maturity, if the Index has risen, investors receive $1,000 plus the Index gain multiplied by an Upside Leverage Factor of at least 2.91. If the Final Index Level is at or above 50.00% of the Initial Value, principal is returned. If the Final Value is below this barrier, repayment is reduced 1% for each 1% Index decline from the Initial Value, so investors can lose more than half or all of their principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ-based exposure, which creates a persistent drag versus a comparable index without these deductions and may cause the Index to decline even when its underlying strategy is positive. The indicative estimated value would be about $946.20 per $1,000 note, and will not be set below $920.00 per $1,000. The notes pay no interest, offer no dividends from the QQQ Fund, are unsecured and unsubordinated obligations of JPMorgan Financial, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co., with limited liquidity and potentially lower secondary market values.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on August 12, 2032.

Investors may receive a monthly Contingent Interest Payment only if, on each Interest Review Date, the Index closes at or above 70% of its Initial Value. The notes are automatically called on quarterly Autocall Review Dates if the Index closes at or above the Initial Value, paying $1,000 plus the applicable contingent interest and then terminating.

If not called, at maturity investors receive $1,000 plus any final contingent interest if the Final Value is at least 50% of the Initial Value; otherwise, repayment of principal is reduced 1% for each 1% Index decline from the Initial Value, with the payment floor at $0, so principal loss can be substantial.

The underlying Index employs a 35% target volatility with exposure to E-mini S&P 500 futures that can range from 0% to 500% and is subject to a 6.0% per annum daily deduction, which creates a performance drag and may cause the Index to lag or even decline despite positive futures performance. The estimated value would be about $927.20 per $1,000 note if priced on the reference date and will not be less than $900. Any payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes due August 9, 2029, linked to the least performing of the common shares of PulteGroup, Microsoft and S&P Global, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if the final price of each reference stock is at or above 50.00% of its Initial Value (the Barrier Amount), investors receive $1,000 plus the greater of a Contingent Digital Return of at least 45.00% or the actual return of the least performing stock, with upside uncapped. If any stock finishes below its Barrier Amount, repayment equals $1,000 plus the return of the least performing stock, so losses match the downside and can reach 100% of principal.

The notes pay no interest, provide no dividends or voting rights, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, limiting liquidity. The indicative estimated value is approximately $970.00 per $1,000 note, and will not be less than $950.00 when set, reflecting structuring and distribution costs.

JPMorgan Chase Financial Company LLC is offering Contingent Income Callable Securities due January 29, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. These principal-at-risk notes are linked to the worst performing of the EURO STOXX 50® Index, the S&P 500® Index and the Russell 2000® Index.

Investors may receive a contingent quarterly payment of at least $26.75 per $1,000 security (at least 2.675%) for each quarterly monitoring period during which the closing level of each index on every day is at or above 70% of its initial level (the downside threshold). If any index is below its threshold on any day in a period, no payment is made for that quarter.

The issuer may, at its discretion, redeem the notes early on any contingent payment date (other than the final one) for the $1,000 principal plus any contingent payment then due. If not redeemed, and each index’s final level is at or above its downside threshold, holders receive $1,000 per security and potentially the final contingent payment. If the final level of any index is below its downside threshold, the maturity payment is $1,000 multiplied by the index performance factor of the worst performing index, resulting in less than 70% of principal and possibly zero. Payments are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and investors do not participate in any index appreciation.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due July 3, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the State Street SPDR S&P Regional Banking ETF, with payments based on each underlying individually rather than a weighted basket.

Investors may receive a Contingent Interest Payment on each Review Date only if the closing value of each underlying is at or above an Interest Barrier of 60% of its Initial Value. The notes are callable at the issuer’s option on specified Interest Payment Dates from February 2, 2027, typically returning $1,000 plus the applicable contingent interest. If held to maturity and the Final Value of any underlying is below its Trigger Value of 50% of its Initial Value, principal is reduced one-for-one with the decline of the least performing underlying, potentially to zero.

The minimum denomination is $1,000. A hypothetical Contingent Interest Rate of 8.80% per annum (0.73333% per month) is used in examples; the actual rate will be at least that level. If the notes priced on the date described, the estimated value would be approximately $981.50 per $1,000 note and will not be less than $900.00 per $1,000 note when set. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and are expected to have limited secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due August 5, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. These unsecured senior notes pay a contingent quarterly coupon only if the closing level of each index on a Review Date is at least 60.00% of its Initial Value, acting as both the Interest Barrier and Trigger Value.

The notes are callable at the issuer’s option on specified Interest Payment Dates beginning August 3, 2028; upon early redemption investors receive $1,000 per note plus the applicable contingent coupon. If held to maturity and no index finishes below its Trigger Value, investors receive full principal plus the final contingent coupon. If any index’s Final Value is below its Trigger Value, repayment is reduced 1:1 with the Least Performing Index return, down to a possible total loss of principal.

The indicative contingent interest rate is at least 9.15% per annum (2.2875% per quarter). The indicative estimated value is about $968.40 per $1,000 principal amount and will not be less than $900.00, reflecting embedded structuring and hedging costs. The notes are offered in $1,000 minimum denominations, will not be listed, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering $10,147,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Equity Notes due December 22, 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 pays no interest.

At maturity, holders receive cash based on the S&P 500 performance from the July 20, 2026 trade date to the December 20, 2027 determination date. Upside is enhanced with a 1.30 participation rate but capped at a maximum settlement amount of $1,215.80 per $1,000 note, corresponding to a cap level of 116.60% of the initial underlier level of 7,443.28. A buffer protects principal for declines up to 10.00% (buffer level 90.00% of the initial level); below that, losses are leveraged at approximately 1.1111% of principal for each additional 1% underlier decline, so investors can lose their entire investment.

The notes are unsecured obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and are not FDIC-insured. They will not be listed on any exchange, and JPMS may, but is not required to, make a secondary market. The original issue price is 100.00% of principal, with 0.00% underwriting commission and net proceeds of 100.00% to the issuer; the estimated value at pricing was $996.80 per $1,000 note, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, due February 5, 2032, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and no periodic interest.

The notes may be automatically called as early as August 6, 2027 if the Index is at or above a specified Call Value, paying $1,000 plus a Call Premium Amount of at least $120 per note. If not called and the Final Index Value is above the Initial Value, investors receive an uncapped payoff of 3.75× the Index’s positive return at maturity. If the Final Value is at or above the 80% Barrier Amount but at or below the Initial Value, principal is returned.

If the Final Value falls below the Barrier Amount, repayment is reduced one-for-one with the Index loss, potentially down to zero. The indicative estimated value is about $981.30 per $1,000 note and will not be less than $900, reflecting embedded structuring and hedging costs. Investors face full issuer and guarantor credit risk, Index volatility, futures market and roll risks, and likely illiquidity in any secondary market.

JPMorgan Chase Financial Company LLC is issuing $802,000 of structured notes linked to the least performing of the S&P 500 Index, Nasdaq-100 Index and Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and matures on July 25, 2030.

At maturity, if every index finishes above its initial level, holders receive $1,000 plus an additional amount equal to the least-performing index return multiplied by a 110.90% participation rate. If any index ends at or below its initial level, the payoff is $1,000 plus $1,000 times the least-performing index return, but not less than $950 per $1,000, exposing investors to up to a 5% loss of principal, subject to issuer and guarantor credit risk.

The initial index levels on July 20, 2026 were 7,443.28 (S&P 500), 28,604.23 (Nasdaq-100) and 2,942.429 (Russell 2000). The price to the public is $1,000 per note, including $9.50 in selling commissions, and the estimated value at pricing was $972.30 per $1,000 note. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, with a comparable yield of 4.45% and a projected single payment of $1,192.85 at maturity.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 2, 2029, linked to the common stock of The Goldman Sachs Group, Inc., and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the closing price of Goldman Sachs stock is at least 50.00% of the Initial Value, the Interest Barrier. Missed coupons accrue and are paid later if a future Review Date meets the barrier.

Starting July 29, 2027, the notes are automatically called on any non-excluded Review Date when the stock closes at or above the Initial Value, returning $1,000 per note plus the applicable and any unpaid contingent interest, with no further payments. If not called, and at maturity the Final Value is at least the Trigger Value (also 50.00% of Initial Value), investors receive principal plus the final and any unpaid contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), so investors can lose a significant portion or all of their principal.

The hypothetical Contingent Interest Rate is at least 11.10% per annum (2.775% per quarter), with total hypothetical coupons up to $333.00 per $1,000 note if paid on all 12 Review Dates. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, have limited liquidity, and carry complex tax, valuation and secondary market pricing considerations. A sample estimated value is $966.40 per $1,000 note, and the final estimated value at pricing will not be less than $900.00 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering Buffered Digital Notes due September 2, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index.

At maturity, investors receive $1,000 plus a fixed contingent digital return of at least 12.75% per note if each index is at or above its initial level or down by no more than the 15.00% buffer. If any index falls by more than 15%, principal is reduced 1% for each additional 1% decline in the least-performing index, for up to an 85.00% loss of principal.

The minimum denomination is $1,000. If priced on the date shown, the estimated value would be $987.70 per $1,000 note and will not be less than $900.00 at pricing. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering structured Capped Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 100% participation in any positive S&P 500 performance over the term, but gains are capped at a Maximum Amount of at least $377.50 per $1,000 note, implying a maximum return of at least 37.75% at maturity.

The notes pay no interest and do not provide dividends from S&P 500 constituents. At maturity on July 29, 2031, holders receive $1,000 plus an Additional Amount based on the Index Return, but not below $1,000, subject to the credit risks of both the issuer and guarantor. The minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $943.50 per $1,000 note, and will not be less than $900, reflecting embedded costs and hedging. The notes will not be listed, and secondary market liquidity and pricing are expected to be limited and potentially below the original issue price.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of Auto Callable Contingent Interest Notes linked to the ordinary shares of GlobalFoundries Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment of $59.50 per $1,000 each quarter (a 23.80% per annum rate) only if on a Review Date the GlobalFoundries share price is at or above the Interest Barrier, set at 50.00% of the Strike Value, or $28.74.

The notes may be automatically called on any Review Date other than the first and final if the share price is at or above the Strike Value of $57.48, in which case holders receive principal plus applicable and unpaid contingent interest and no further payments. If not called and the final share price is at or above the Trigger Value (also 50.00% of the Strike Value), holders receive principal plus applicable and unpaid contingent interest. If the final price is below the Trigger Value, repayment is reduced 1% for each 1% decline from the Strike Value, exposing holders to a loss of more than 50% and potentially all principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor, and will not be listed on any exchange. The price to public is $1,000 per note, including $20 in selling commissions, with estimated value $941.90 per $1,000 at pricing, reflecting structuring and hedging costs. U.S. tax treatment is expected to follow a prepaid forward contract with associated contingent coupons approach, though the IRS could take a different view.

JPMorgan Chase Financial Company LLC is offering Contingent Income Callable Securities due July 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each security has a $1,000 stated principal amount and pays a contingent quarterly coupon of at least $26.50 (2.65%) only if, on every day in a quarterly monitoring period, the EURO STOXX 50®, S&P 500® and Russell 2000® indices all remain at or above 70% of their initial index values, the downside threshold levels.

The issuer may, at its discretion, redeem the notes early on any contingent payment date other than the first and final, for the principal plus any due contingent coupon. If held to maturity and none of the indices finishes below its downside threshold, investors receive principal back and potentially the final coupon. If any index finishes below its downside threshold, the maturity payment is reduced 1-to-1 with the worst-performing index, to less than 70% of principal and potentially zero. Payments are unsecured obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and investors do not participate in any index appreciation.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is expected to price on or about July 23, 2026 and settle on or about July 28, 2026.

Investors may receive a Contingent Interest Payment on each monthly Review Date only if the Index is at or above 70% of its Initial Value (the Interest Barrier; Trigger Value is 60%). The notes are automatically called, starting July 23, 2027, if on certain Review Dates the Index is at or above the Initial Value; in that case, holders receive $1,000 plus the applicable Contingent Interest Payment and any previously unpaid contingent interest, with no further payments.

If the notes are not called and the Final Value is below the Trigger Value, the maturity payment equals $1,000 plus $1,000 × Index Return, so principal loss is one-for-one with the Index decline and can reach 100%. The Index embeds a 6.0% per annum daily deduction, which drags performance and may cause the Index to decline even when its underlying strategy is flat or modestly positive. The estimated value of the notes, if priced on the date described, would be approximately $898.50 per $1,000 note and will not be less than $880.00 per $1,000 at pricing. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Nasdaq‑100® Technology Sector and the S&P 500® Index, maturing August 11, 2031, in $1,000 minimum denominations.

Investors may receive monthly Contingent Interest Payments only when the closing level of each index on a Review Date is at least 80% of its Initial Value (the Interest Barrier). Beginning with the twelfth Review Date (earliest possible August 6, 2027), the notes are automatically called if each index is at or above its Initial Value, returning $1,000 plus the current and any unpaid contingent interest.

If not called, principal is protected only if the Final Value of each index is at least its Trigger Value (also 80% of Initial). If either index finishes below its Trigger Value, repayment is reduced by the full negative return of the lesser-performing index, down to zero. The notes are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, include an estimated value (about $938.80 per $1,000 if priced on the reference date) below issue price, may be illiquid, and have complex U.S. tax and withholding consequences.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, due July 31, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is unsecured and unsubordinated, with repayment subject to the credit risk of both the issuer and guarantor.

The notes may be automatically called on August 2, 2027 if the Index closing level is at or above a Call Value, in which case investors receive $1,000 plus a Call Premium Amount of at least $107.50 per note and no further payments. If not called, at maturity investors receive: (i) $1,000 plus 1.70× any positive Index return; (ii) $1,000 if the Final Value is at or above the Barrier Amount of 60% of the Initial Value; or (iii) $1,000 plus $1,000 × Index Return if the Final Value is below the Barrier Amount, which can result in a substantial or total loss of principal.

The notes pay no interest, will not be listed on any exchange and may have limited or no liquidity. The estimated value would be approximately $948.40 per $1,000 note if priced on the reference date and will not be less than $900.00 per $1,000 at issuance, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The underlying Index tracks rolling E-mini® S&P 500® futures and is exposed to futures-specific risks such as negative roll returns, daily price limits and differences from the performance of the S&P 500® Index itself.

JPMorgan Chase Financial Company LLC is offering structured notes due August 2, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the iShares Semiconductor ETF (SOXX) and the Nasdaq‑100 Index (NDX). The notes feature an automatic call if, on any of 19 scheduled Review Dates from January 28, 2027 to July 28, 2028, the closing value of each Underlying is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium that starts at at least 11.60000% and increases to at least 46.40000% of principal by the final Review Date.

The notes have a 20.00% Buffer Amount; if not called and the Lesser Performing Underlying falls by more than 20.00%, principal is reduced 1% for each 1% decline beyond the buffer, up to an 80.00% loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. If priced today, the estimated value would be $962.70 per $1,000 note, and when set will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering auto-callable Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 1, 2031, in minimum denominations of $1,000. The notes may be automatically called quarterly starting August 3, 2027 if the Index closing level is at or above a Call Value, paying $1,000 plus a Call Premium Amount that starts at least at 17.85% of principal on the first Review Date and increases up to at least 89.25% by the final Review Date.

If the notes are not called, principal is protected only by a 15% Buffer Amount. At maturity, if the Index has fallen by more than 15% from its Initial Value, investors lose 1% of principal for each 1% decline beyond the buffer, up to a maximum loss of 85% of principal. The notes pay no interest and offer no participation in Index gains beyond the fixed call premiums.

The underlying Index targets 35% implied volatility with exposure to the Invesco QQQ Trust, Series 1, subject to a 6.0% per annum daily deduction and a daily notional financing cost, meaning the Index will trail an identical strategy without these charges and may decline even when the underlying strategy is flat or modestly positive. Exposure can range from 0% to 500% of the QQQ Fund, introducing leverage, volatility and potential "volatility drag". Credit risk of JPMorgan Financial and JPMorgan Chase & Co. applies. The preliminary estimated value is about $905.90 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due February 2, 2028, linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive a Contingent Interest Payment for each Review Date only if the closing level of each index is at or above 65.00% of its Initial Value, the Interest Barrier, and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The notes may be redeemed early at the issuer’s option on specified Interest Payment Dates, first eligible on November 2, 2026. If held to maturity without early redemption, principal is protected only if the Final Value of each index is at or above its Trigger Value, also 65.00% of Initial Value; otherwise repayment is reduced one-for-one with the decline of the Least Performing Index, potentially to zero. The hypothetical Contingent Interest Rate is shown at 8.60% per annum, the estimated value would be about $965.10 per $1,000 note if priced on the reference date and will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable securities with a $1,000 principal amount per security linked to the worst performer of Netflix, Starbucks and CSX common stock. The price to public is $1,000.00 per security, including $20.75 in fees and commissions, for issuer proceeds of $979.25 per security. If the securities priced on July 22, 2026, their estimated value would be $950.80, and when finally set this value will not be less than $920.00 per security.

Investors may receive a contingent coupon at an annual rate of at least 15.85%, paid monthly only if the lowest-performing stock’s closing price on the relevant calculation day is at or above its threshold price (70% of its starting price). Missed coupons may be paid later under a memory feature if the condition is subsequently met. From October 2026 through June 2028, the note auto-calls if the lowest-performing stock is at or above its starting price, returning principal plus the applicable coupon(s).

If not called, at maturity in August 2028 investors receive $1,000 per security if the lowest-performing stock’s final price is at or above its threshold; otherwise they receive $1,000 plus the stock’s negative return, resulting in loss of more than 30% and potentially all principal. Any upside is limited strictly to contingent coupons; investors do not participate in stock price appreciation and face issuer and market risks, as well as potentially limited liquidity and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, due August 3, 2028, in $1,000 minimum denominations. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, investors receive 1.31 times any positive Index return with no upside cap, a 20% downside buffer, and then a 1:1 loss beyond the buffer, up to a maximum loss of 80% of principal (minimum payment $200 per $1,000). The notes pay no interest and will not be listed on any exchange, so liquidity depends on J.P. Morgan Securities’ willingness to make a market. If priced today, the estimated value would be about $991.60 per $1,000, and will not be less than $960.00 at pricing, reflecting selling costs and hedging economics. Returns depend on the futures-based Index, which carries risks such as negative roll yield, futures market disruptions, and potential underperformance versus the S&P 500® Index, as well as the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due August 3, 2029, linked to the common stock of Amazon.com, Inc. Each security has a $1,000 stated principal amount, with payments fully and unconditionally guaranteed by JPMorgan Chase & Co. These notes do not guarantee interest or principal repayment.

Investors may receive a contingent quarterly payment on each determination date when Amazon’s closing price is at or above 65% of the initial stock price, the downside threshold level. If, on any non-final determination date, the closing price is at or above the initial stock price, the notes are automatically redeemed for principal plus the applicable contingent payment and any unpaid prior contingent payments.

If the notes are not redeemed early and the final stock price is at or above the downside threshold, holders receive principal plus the final contingent payment and any unpaid prior contingent payments. If the final stock price is below the downside threshold, investors are exposed to the full downside on a 1-to-1 basis and receive principal multiplied by the stock performance factor, which will be less than 65% of principal and could be zero. Investors do not participate in any stock appreciation, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $522,000 in structured notes linked to the least performing of the S&P 500® Index, the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations and expose investors to the credit risk of both the issuer and the guarantor.

The notes have a July 20, 2026 pricing date, are expected to settle on or about July 23, 2026, and mature on July 25, 2029. Investors receive no interest or dividends. At maturity, if the final value of each index exceeds its initial value, holders receive $1,000 plus an additional amount equal to $1,000 multiplied by the least performing index return and a 100% participation rate. If any index finishes at or below its initial value, payment is $1,000 plus $1,000 times the least performing index return, but not less than $950 per $1,000 note, implying up to a 5% loss of principal.

The initial index levels on the pricing date were 7,443.28 for the S&P 500® Index, 28,604.23 for the Nasdaq-100 Index® and 2,942.429 for the Russell 2000® Index. The price to the public is $1,000 per note, including selling commissions of $9.50 per $1,000 and net proceeds of $990.50 per note to the issuer. The bank-calculated estimated value is $972.60 per $1,000 note, reflecting embedded costs and hedging assumptions. For U.S. federal income tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring accrual of original issue discount based on a comparable yield of 4.31% and a projected single payment of $1,136.81 at maturity.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered 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 are expected to price on or about August 21, 2026, settle on or about August 26, 2026, and are due August 24, 2028, in minimum denominations of $1,000.

At maturity, if the lesser performing index has risen, investors receive the principal plus an enhanced return of at least 1.06× that positive performance. If the lesser performing index is flat or down by up to the 15.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline of that index, capped at a maximum payment of $1,150 per $1,000 note when the lesser performing index is down 15.00%. If either index falls by more than 15.00%, investors lose 1% of principal for each 1% decline of the lesser performing index beyond 15.00%, for a maximum loss of 85.00%.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. If priced on the date illustrated, the estimated value would be approximately $988.90 per $1,000 note, and when finally set will not be less than $950.00 per $1,000 note, which is lower than the issue price because it excludes selling commissions, hedging costs and certain fees.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the lesser performing of Intel and Starbucks common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date only if the closing price of one share of each stock is at or above 50.00% of its Strike Value (the Interest Barrier). The Contingent Interest Rate will be at least 27.10% per annum

The notes may be automatically called on any Review Date from October 21, 2026 (excluding the first, second and final Review Dates) if each stock closes at or above its Strike Value, returning $1,000 per note plus due contingent interest. If not called, and at maturity on January 26, 2028 either stock finishes below its Trigger Value (50.00% of Strike), the principal repayment is reduced dollar-for-dollar with the percentage loss of the lesser performing stock, which can result in losing most or all of the investment. Strike Values are $105.45 for Intel and $104.45 for Starbucks, with corresponding Interest Barriers/Trigger Values of $52.725 and $52.225. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are issued in minimum denominations of $1,000, will not be listed on any exchange, and have an estimated value of approximately $940 per $1,000 at launch, not less than $900.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the lesser-performing of the Nasdaq‑100® Technology Sector and the S&P 500® Index, maturing on August 2, 2029 and fully guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date on which the closing level of each index is at least 80.00% of its Initial Value, with a Contingent Interest Rate of at least 11.20% per annum.

The notes may be automatically called on any Review Date from January 28, 2027 (excluding the first five and final Review Dates) if each index is at or above its Initial Value; in that case investors receive $1,000 per note plus the applicable contingent interest and no further payments. If not called and either index finishes below its 80.00% Buffer Threshold at maturity, repayment of principal is reduced 1% for each 1% decline beyond the 20.00% buffer, up to a loss of 80.00% of principal.

The minimum denomination is $1,000. If priced on the sample date, the estimated value would be about $976.60 per $1,000 note, and the final estimated value at pricing will not be less than $900.00 per $1,000. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not pay dividends on the underlying index constituents.

JPMorgan Chase Financial Company LLC is offering structured Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about July 24, 2026, settle on or about July 29, 2026, and mature on July 29, 2031, with minimum denominations of $1,000.

Investors may receive monthly Contingent Interest Payments at a rate of at least 6.50% per annum (0.54167% per month) only if, on a given Review Date, the closing level of each index is at or above 70.00% of its Initial Value, the Interest Barrier. Missed interest can be paid later if a subsequent Review Date meets the barrier. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning January 28, 2027.

If not called, principal repayment at maturity depends on the Lesser Performing Index. If the Final Value of each index is at or above its Buffer Threshold (70.00% of Initial Value), investors receive full principal plus any due contingent interest. If the Final Value of either index falls below its Buffer Threshold, repayment is reduced by losses beyond a 30.00% Buffer Amount, up to a maximum loss of 70.00% of principal. The estimated value, if priced today, would be about $972.80 per $1,000 note and will not be less than $940.00 per $1,000 at pricing. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, unsubordinated and not FDIC insured.

JPMorgan Chase Financial Company LLC is offering $935,000 of unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on July 24, 2031. The notes pay a monthly Contingent Interest Rate of 13.41334% per annum (1.11778% per month) only when the Index is at or above 55.00% of its Initial Value on the relevant Review Date; investors may receive no interest at all.

Starting July 20, 2027, the notes are automatically called if, on certain Review Dates, the Index is at or above its Initial Value, returning principal plus the applicable contingent interest, with no further payments. If the notes are not called and the final Index level is below the 55.00% Trigger Value, repayment of principal is reduced one-for-one with the Index loss, potentially to zero.

The underlying Index dynamically allocates up to 500% leveraged exposure to E-mini S&P 500 futures while targeting 35% implied volatility and is subject to a 6.0% per annum daily deduction, which acts as a persistent drag on performance. The price to public is $1,000 per note, including $2.50 in selling commissions; proceeds to the issuer are $997.50 per note. The estimated value was $936.60 per $1,000 at pricing. The notes are not bank deposits, are not FDIC-insured, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as significant market, liquidity, leverage and index-design risks.

JPMorgan Chase Financial Company LLC is offering $1,487,000 of Callable Contingent Interest Notes linked individually to the Russell 2000 Index and the S&P 500 Index, due June 25, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of 8.70% per annum, credited monthly (0.725% per month), only for Review Dates when the closing level of each index is at least 70.00% of its Initial Value (the Interest Barrier. If either index is below its Interest Barrier, no interest is paid for that period.

Beginning on January 25, 2027, the issuer may redeem the notes early on specified Interest Payment Dates at $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 60.00% of its Initial Value (its Trigger Value), principal is reduced 1% for each 1% decline of the Lesser Performing Index, potentially to zero.

The price to the public is $1,000 per note, with estimated value $965.80 per $1,000 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC is offering $304,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing July 25, 2029, and fully guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends and expose holders to up to 80.00% loss of principal, with a minimum maturity payment of $200 per $1,000 note if the least performing index falls 100%. Upside is leveraged at 1.375x any positive least-performing index return, while negative returns up to the 20.00% Buffer Amount generate an equal positive return, capped at $1,200 per $1,000 note if the least-performing index is down 20%. Below the buffer, investors lose 1% of principal for each 1% additional decline.

The price to public is $1,000 per note, including $9.50 in selling commissions, for issuer proceeds of $990.50 per note. The estimated value at pricing was $981.10 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., may be illiquid, and are expected to trade in the secondary market, if at all, below the original issue price.

JPMorgan Chase Financial Company LLC is offering $738,000 of Auto Callable Contingent Interest Notes linked to the common stock of Lumentum Holdings Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, priced at 100% of principal with proceeds to the issuer of $990.50 per note and $9.50 in selling commissions.

The notes pay a monthly Contingent Interest Payment of $33.2083 per $1,000 (a 3% monthly rate, or 19.925% over the term) for any Review Date on which Lumentum’s share price is at or above the Interest Barrier/Trigger Value, set at 50.00% of the Initial Value of $765.55 (i.e., $382.775). Starting with the October 20, 2026 Review Date, the notes are automatically called if the stock closes at or above the Initial Value, returning $1,000 plus the applicable Contingent Interest and ending future payments.

If not called, and the Final Value on January 20, 2027 is at or above the Trigger Value, investors receive $1,000 plus the final Contingent Interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), exposing holders to losses greater than 50% of principal and potentially a total loss. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $960.10 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.25x leveraged upside on any positive lesser-index return, capped at a Maximum Upside Return of at least 23.40%, and a positive, uncapped "absolute" return for index declines of up to a 20.00% Buffer Amount.

If either index falls by more than the 20.00% buffer, principal is at risk on a 1:1 basis, with a maximum loss of 80.00% and a minimum payment of $200 per $1,000 note at maturity. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may be difficult to sell. The indicative estimated value is $985.40 per $1,000 note, and will not be less than $950.00 per $1,000 note when finalized, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC plans to issue capped buffered equity notes linked to the lesser performance of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.00x upside exposure to the lesser performing index at maturity, up to a maximum return of at least 35.40%. Principal is protected only by a 30.00% downside buffer; if the lesser performing index falls by more than 30.00%, investors lose 1% of principal for each additional 1% decline, for a maximum loss of 70.00% per $1,000 note.

The notes pay no interest and provide no dividends or voting rights in index constituents. They are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor, and are not FDIC insured. The minimum denomination is $1,000, with expected pricing on or about August 21, 2026, settlement on or about August 26, 2026, and maturity on August 24, 2028. If priced on the date shown, the estimated economic value would be $986.30 per $1,000 note and will not be less than $950.00 per $1,000 when finalized, reflecting embedded selling, structuring and hedging costs. Liquidity is limited, as the notes will not be listed on an exchange and secondary prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the SPDR® Gold Trust, with a total issuance of $500,000. The notes provide 2.00x leveraged upside exposure to any positive Fund return at maturity if not called, and a 25.00% Contingent Buffer Amount against moderate declines. The Share Strike Price is $368.41, based on the Fund’s closing price on July 17, 2026.

The notes may be automatically called on July 30, 2027 if the Fund’s closing price is at or above the Share Strike Price, in which case investors receive $1,000 plus an 11.77% call premium per note on August 4, 2027. If not called and the Final Share Price on July 17, 2028 exceeds the Share Strike Price, the maturity payment equals $1,000 + ($1,000 × Fund Return × 2.00). If the Final Share Price is down by up to 25.00%, principal is returned; if it is down by more than 25.00%, investors lose 1% of principal for each 1% further decline, potentially up to total loss.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are fully and unconditionally guaranteed by JPMorgan Chase & Co. Any payment is subject to the credit risk of both entities. The price to public is $1,000 per note, including $15.00 in fees and commissions, with $985.00 in proceeds to the issuer. The estimated value at pricing is $979.60 per $1,000 note, reflecting selling costs and hedging assumptions. Significant risks include potential loss of principal beyond the buffer, reinvestment and liquidity risk, credit risk of the issuer and guarantor, and commodity- and fund-specific risks related to gold and the SPDR® Gold Trust.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $650,000.00 of Digital Contingent Buffered Notes linked to the common stock of Microsoft Corporation. The notes pay a fixed 16.65% Contingent Digital Return at maturity per $1,000 note if the Final Stock Price is at or above the Stock Strike Price of $393.82, or below it by up to the 25.00% Contingent Buffer Amount.

If the Final Stock Price is more than 25.00% below the Stock Strike Price, investors lose 1% of principal for each 1% decline, potentially up to a 100% loss. The maximum payment at maturity is $1,166.50 per $1,000 note, with no upside beyond this cap and no interim interest or dividends. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000.00 per note, including selling commissions of $10.00 per note, for net proceeds of $643,500.00, and the issuer’s estimated value at pricing was $981.80 per $1,000 note. The notes will not be listed, secondary liquidity may be limited, and tax treatment is based on treatment as open transactions and prepaid financial contracts, with specific U.S. federal income tax, Section 871(m) and FATCA considerations.

JPMorgan Chase Financial Company LLC is offering $920,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, due July 25, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Each note has a $1,000 principal amount, with upside exposure of 1.1725x any positive return of the least performing index at maturity and a “dual directional” feature: for index declines of up to the 20.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline, capped at $1,200 per $1,000 note if the least performing index return is negative. If any index falls by more than 20.00%, principal is reduced 1% for each 1% decline beyond 20.00%, down to a minimum of $200 per $1,000 note (an 80.00% loss of principal).

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The price to public is $1,000 per note, including selling commissions of $9.50 and proceeds to the issuer of $990.50 per note. The issuer’s estimated value at pricing was $982.80 per $1,000 note, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC is offering Trigger Performance Leveraged Upside Securities (Trigger PLUS), principal-at-risk structured notes linked to the S&P 500® Value Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and have a $1,000 stated principal amount per note, a maturity of about six years (August 5, 2032), and will not be listed on any exchange.

At maturity, if the index is above its initial level, investors receive $1,000 plus a leveraged gain of at least 125.00% of the index percent increase, capped at a maximum payment of $1,903.50 per note (190.35% of principal). If the index is at or below its initial level but at or above the trigger level of 80% of the initial index value, investors receive only the $1,000 principal. If the index closes below the trigger level, repayment equals $1,000 times the index performance factor, resulting in losses greater than 20% and up to a total loss of principal.

The issue price is $1,000 per note, including selling commissions and fees, with proceeds of $967.90 per note to the issuer. If priced on the date illustrated, the estimated value would be about $943.40 per $1,000, and will not be less than $920.00 on the pricing date, reflecting embedded costs and hedging. Any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and secondary market liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering $2,877,000 of Auto Callable Contingent Interest Notes linked separately to the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 10.15% per annum, credited monthly, but only for Review Dates when the closing level of each index is at least 70.00% of its Initial Value (the Interest Barrier.

Starting July 20, 2027, the notes are automatically called on certain Review Dates if the closing level of each index is at or above its Initial Value, paying $1,000 plus that period’s contingent interest and then terminating. If not called, and on the final Review Date both indices are at or above their Trigger Value (also 70.00% of Initial Value), investors receive full principal plus the final contingent interest. If either index finishes below its Trigger Value, the maturity payment is reduced by the full decline of the lesser performing index, down to a total loss of principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the issuer’s estimated value is $984, reflecting embedded costs and hedging. The notes are not listed, may be illiquid, pay no fixed interest or dividends, and have complex U.S. tax and withholding considerations.

JPMorgan Chase Financial Company LLC is issuing $250,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performing of the STOXX® Europe 600 Index and the EURO STOXX 50® Index, due July 24, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer 1.9945× participation in any appreciation of the lesser performing index when both finish above their initial levels. If either index is at or below its initial level but both remain at or above 65.00% Barrier Amounts, investors receive an uncapped positive return equal to the absolute decline of the lesser performer, up to 35.00%.

If either index ends below its 65.00% barrier, repayment is reduced 1:1 with the lesser performer’s loss, leading to losses greater than 35% and potentially a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are not exchange-listed, and have an estimated value of $967.10 per $1,000, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Accelerated Barrier Notes linked to an equally weighted basket of fifteen listed stocks, in $1,000 minimum denominations. The notes provide 3.00x leveraged upside to any positive Basket Return, capped at a Maximum Return of at least 55.00%, corresponding to a maximum maturity payment of at least $1,550 per $1,000 note.

The Initial Basket Value is set to 100, with a Barrier Amount at 70.00% of that level. If the Final Basket Value is above the Initial Basket Value, the payout is $1,000 plus 3.00 times the Basket Return, subject to the cap. If the Final Basket Value is between the Initial Basket Value and the Barrier Amount (inclusive), investors receive only principal back. If the Final Basket Value is below the Barrier Amount, repayment is reduced 1:1 with the Basket’s loss, so investors will lose more than 30% of principal and could lose all of it.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and any payment is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The notes will not be listed, secondary liquidity may be limited, and the estimated value at pricing is expected to be below the $1,000 issue price due to selling commissions, structuring fees, hedging costs and other issuance expenses.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $250,000 in notes, in minimum denominations of $1,000, maturing on July 23, 2027.

The notes pay a Contingent Interest Rate of 10.10% per annum (0.84167% per month) only for Review Dates when each index closes at or above its Interest Barrier of 70.00% of its Initial Value. Beginning with the October 20, 2026 Review Date, the notes are automatically called if each index is at or above its Initial Value, returning $1,000 plus the applicable contingent interest.

If the notes are not called and, on the final Review Date, the Final Value of any index is below its Trigger Value (also 70.00% of Initial Value), principal is reduced 1% for each 1% decline of the Least Performing Index, down to a full loss. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $3,059,000 of auto callable contingent interest notes linked separately to the S&P 500 Index and the VanEck Semiconductor ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, priced on July 20, 2026 and maturing on January 25, 2028, pay a contingent interest rate of 19.00% per annum, credited monthly, but only for Review Dates when each underlying closes at or above its Interest Barrier of 70.00% of its Initial Value. Beginning October 20, 2026, the notes are automatically called if, on a Review Date (other than the first, second and final), each underlying is at or above its Initial Value, returning $1,000 principal plus the applicable contingent interest, with no further payments.

If the notes are not called, principal protection depends on a Trigger Value set at 50.00% of each Initial Value: at maturity, if each underlying is at or above its Trigger Value, investors receive full principal plus any final contingent interest; if either is below its Trigger Value, repayment is reduced one-for-one with the decline of the lesser performing underlying, potentially down to zero. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed, with secondary market prices expected to be below the $1,000 issue price. The estimated value was $960.70 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Digital Barrier Notes linked to the least performing of Invesco QQQ, Series 1 (QQQ), SPDR Dow Jones Industrial Average ETF Trust (DIA) and SPDR S&P 500 ETF Trust (SPY), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on July 24, 2031, have minimum denominations of $1,000, pay no interest or dividends, and expose holders to the credit risk of both the issuer and guarantor.

At maturity, if each fund’s final value is at least its strike, investors receive $1,000 plus the greater of the Contingent Digital Return of at least 64.00% or the return of the least performing fund. If any fund is below its strike but all are at or above 70.00% of strike (the Barrier Amount), investors receive $1,000 plus the absolute return of the least performing fund, capped at 30.00% (maximum $1,300). If any fund finishes below its barrier, repayment is $1,000 plus the least performing fund’s return, so losses exceed 30% and can reach 100% of principal.

The indicative estimated value is approximately $981.20 per $1,000 note and will not be less than $950.00 at pricing. The notes are not listed, may be accelerated if a fund is discontinued, and feature complex U.S. tax treatment, including potential application of constructive ownership rules.

JPMorgan Chase Financial Company LLC is offering $636,000 of Auto Callable Contingent Interest Notes linked individually to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.20% per annum, credited monthly only when the closing level of each index on a Review Date is at or above its Interest Barrier of 70.00% of Initial Value. The notes may be automatically called as early as July 20, 2027 if each index is at or above its Initial Value, in which case investors receive principal plus that period’s contingent interest and no further payments. If the notes are not called and any index finishes below its Trigger Value (also 70.00% of Initial Value) on the final Review Date, repayment of principal is reduced one-for-one with the decline of the least performing index, down to a total loss of principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,562,000 of Auto Callable Barrier Notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing July 25, 2030, in $1,000 denominations.

The notes may be automatically called on Review Dates in 2027, 2028 or 2029 if each index is at or above its Call Value (100% of its Initial Value), paying back principal plus a call premium of 15%, 30% or 45% of principal, respectively. If not called, at maturity investors receive uncapped exposure to the Least Performing Index Return if all Final Values exceed Initial Values, principal back if every index stays at or above its 70% Barrier Amount, and a 1:1 loss with the least performing index if any index finishes below its barrier.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and may be illiquid. The price to public is $1,000 per note, including $37 in selling commissions; the issuer’s estimated value is $944.10 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $550,000 of auto callable contingent interest notes linked to the common stock of Broadcom Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 20.60% per annum (5.15% per quarter) only when Broadcom’s share price on a Review Date is at or above an Interest Barrier set at 60.00% of the Initial Value. If this condition is met, any previously missed interest coupons are also paid.

The notes may be automatically called on any Review Date (other than the final one) when Broadcom’s closing price is at or above the Initial Value, returning $1,000 principal plus due and unpaid contingent interest, after which no further payments are made. If not called and the Final Value is below the Trigger Value (also 60.00% of the Initial Value), investors receive $1,000 plus $1,000 × Stock Return and can lose a significant portion or all principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The price to public is $1,000 per note, including $5 in selling commissions, while the estimated value at pricing was $976.10 per $1,000, reflecting embedded costs for selling, structuring and hedging. Secondary market prices are expected to be lower than the original issue price, and investors forgo Broadcom dividends and any direct participation in stock appreciation.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Oracle Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and matures on July 25, 2028. The notes may be automatically called as early as October 20, 2026 if Oracle’s closing price on a Review Date (other than the first, second and final) is at or above the Strike Value, in which case investors receive $1,000 plus the applicable Contingent Interest Payment and no further payments.

On any Review Date, a Contingent Interest Payment is made only if Oracle’s closing price is at or above the Interest Barrier, set at 50.00% of the Strike Value. If the notes are not called and the Final Value is below the Trigger Value (also 50.00% of the Strike Value), repayment of principal is reduced 1% for each 1% decline from the Strike Value, potentially down to zero. A hypothetical Contingent Interest Rate of 23.75% per annum (1.97917% per month) would produce up to $475.00 of total contingent interest per $1,000 note over 24 payments. The estimated value is indicated at about $960.00 today and will not be less than $940.00 per $1,000 at pricing, reflecting selling costs and internal funding assumptions. The notes are unsecured, not FDIC insured, will not be listed, and carry both market risk tied to Oracle stock and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.