Alerian MLP Index ETN 424B Filings

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due February 5, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, with payments based on the least performing index.

Investors may receive monthly Contingent Interest Payments only if on a Review Date the closing level of each index is at least 70% of its Initial Value, the Interest Barrier. The notes may be automatically called on specified Review Dates (starting February 1, 2027) if each index is at or above its Initial Value, returning $1,000 principal plus the applicable interest for that date.

If the notes are not called and any index finishes below its Trigger Value (also 70% of Initial Value) on the final Review Date, repayment of principal is reduced 1% for every 1% decline of the least performing index, potentially resulting in a significant or total loss of principal. The hypothetical Contingent Interest Rate is illustrated at 11.55% per annum. The estimated value is approximately $972.60 per $1,000 note if priced today and will not be less than $900 per $1,000 at pricing. The notes are unsecured 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 Trigger Step Securities, unsecured notes linked to the lesser performing of the S&P 500® Equal Weight Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on or about July 23, 2031, with a stated term of 5 years and a minimum investment of $1,000 in $10 denominations.

If on the final valuation date each index is at or above its Step Barrier (100% of its Initial Value), investors receive back principal plus the greater of the Step Return (to be set between 68.50% and 69.50%) and the return of the lesser performing index. If either index finishes below its Step Barrier but both remain at or above the Downside Threshold (75% of Initial Value), only principal is repaid. If either index ends below its Downside Threshold, repayment is reduced in proportion to the negative return of the lesser performing index, exposing investors to a potential total loss of principal.

The issue price is $10.00 per Security, including up to $0.35 in selling commissions to UBS Financial Services Inc., leaving proceeds of $9.65 per Security to the issuer. The indicative estimated value is about $9.511 per $10 at pricing and will not be less than $9.20, reflecting embedded costs and internal funding and hedging assumptions. The notes pay no interest, provide no dividends, are not bank deposits or FDIC insured, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to an unequally weighted basket consisting of 65.00% S&P 500® Futures Excess Return Index, 25.00% iShares® MSCI EAFE ETF and 10.00% iShares® MSCI Emerging Markets ETF, maturing July 29, 2031.

The notes provide at least 1.945x any positive basket return at maturity, with principal protection only if the final basket value is at or above 80.00% of the initial basket value. If the basket closes below this barrier on the observation date, repayment is reduced one-for-one with the basket loss, down to a complete loss of principal.

The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial subject to the credit risk of both the issuer and guarantor, and will not be listed on an exchange. Minimum denomination is $1,000. If priced on the reference date described, the estimated value would be about $980.10 per $1,000 note and will not be less than $950.00 when set, reflecting embedded selling commissions, hedging costs and issuer economics.

JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due January 31, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed 5.00% per annum coupon, calculated on a 30/360 day count basis and paid in arrears on July 31 of each year from 2027 through 2029 and on the Maturity Date, subject to earlier redemption.

Beginning January 31, 2027, and on the last calendar day of January, April, July and October through October 31, 2029, the issuer may redeem the notes in whole at par plus accrued interest. The minimum denomination is $1,000 per note, with a price to the public between $992.60 and $1,000 per $1,000 principal amount. Indicative selling commissions are approximately $1.50 per $1,000 note, capped at $5.00. For U.S. federal income tax purposes, the notes are expected to be treated as fixed-rate debt instruments issued without original issue discount.

JPMorgan Chase Financial Company LLC is issuing $5,288,000 of Contingent Income Auto-Callable Securities due July 20, 2029, linked to the Class A common stock of CrowdStrike Holdings, Inc. Each security has a $1,000 stated principal amount and an issue price of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors may receive a contingent quarterly payment of $47.25 (4.725% of principal) per security on each determination date when the CrowdStrike closing price is at or above the downside threshold level of $101.54, equal to 50% of the initial stock price of $203.08. If the underlying closes below the threshold on a determination date, no payment is made for that period, and unpaid amounts do not earn additional interest.

If on any non-final determination date the stock closes at or above the initial stock price of $203.08, the notes are automatically redeemed early for principal plus the applicable contingent payment and any previously unpaid contingent payments. At maturity, if not called earlier and the final stock price is at or above the threshold, investors receive principal plus the contingent payment (and any unpaid contingent payments). If the final stock price is below the threshold, the payoff is $1,000 multiplied by the stock performance factor (final price/initial price), resulting in a loss of more than 50% of principal and possibly all of it. Investors do not participate in any stock price appreciation and are exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value on the pricing date is $949.70 per $1,000 security.

JPMorgan Chase Financial Company LLC plans to issue Callable Fixed Rate Notes due January 31, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 4.40% per annum, with interest payable in arrears on July 31, 2027 and at maturity, using a 30/360 day count convention.

The issuer may redeem the notes in whole on the last calendar day of January, April, July and October 2027 (from January 31, 2027 through October 31, 2027) at par plus accrued interest, subject to a following Business Day Convention. The price to the public per $1,000 principal amount note will be between $997.60 and $1,000, and selling commissions are expected to be about $1.50 and capped at $5.00 per $1,000 principal amount. The notes are unsecured obligations, not bank deposits and not insured by the FDIC, and are expected to be treated as fixed-rate debt issued without original issue discount for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC is offering $2,415,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Basket-Linked Notes due July 20, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.

The notes are linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%), with an initial basket level of 100. At maturity, investors receive 2x the positive basket return, capped at a cap level of 115.46% of the basket and a maximum settlement amount of $1,309.20 per $1,000 note. A 10% buffer protects principal if the basket decline is up to 10%; below a buffer level of 90%, losses are amplified at a buffer rate of approximately 1.1111, and investors can lose their entire investment.

The original issue price is 100% of principal, including a 2.00% underwriting commission, resulting in 98.00% net proceeds to the issuer. The estimated value at pricing is $975.50 per $1,000 note. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, not redeemable prior to maturity, and are not FDIC insured. Tax treatment is uncertain and relies on treatment as an open prepaid financial contract.

JPMorgan Chase Financial Company LLC is offering $27,000,000 of Step Down Trigger Autocallable Notes linked to the lesser performing of the Nasdaq-100 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The Notes are issued at $10 per Note (minimum investment $1,000). They may be automatically called quarterly after a one-year non-call period if each index is at or above its Initial Value, or on the Final Valuation Date if each is at or above its Downside Threshold (75% of Initial Value). The Call Return is based on a 11.40% per annum rate, reaching 34.20% (Call Price $13.420 per $10) if called at maturity in July 2029.

If the Notes are not called and either index finishes below its Downside Threshold, repayment at maturity equals $10 × (1 + Lesser Performing Underlying Return), so principal loss is proportionate to the decline of the worse-performing index, up to a 100% loss. The Notes pay no interest, are unsecured, not FDIC insured, and payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $9.552 per $10 Note, below the issue price, reflecting fees, commissions and hedging costs.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities with an aggregate principal amount of $1,270,000 (1,270 securities at $1,000 each) linked to the lowest performing of the EURO STOXX 50® Index, STOXX® Europe 600 Index and iShares® MSCI EAFE ETF, maturing on July 22, 2032.

At maturity, investors receive leveraged upside if the lowest performing underlying finishes above its starting value, calculated as $1,000 plus 252% of its positive return. If the lowest performing underlying is at or above 70% of its starting value, principal is returned. If it closes below this 70% threshold, repayment falls dollar-for-dollar with the decline, and investors can lose more than 30%, up to all, of principal.

The price to the public is $1,000 per security, with underwriting fees of $43.70 and issuer proceeds of $956.30 per security; the issuer’s estimated value is lower at $919.00, reflecting selling, structuring and hedging costs. The notes are unsecured obligations, not bank deposits, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering Capped Fixed to Floating Rate Notes due July 31, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive the principal at maturity plus any accrued and unpaid interest.

The notes pay a fixed 6.00% per annum during the first twelve months. Thereafter, interest is floating each Interest Period at Compounded SOFR plus 0.30%, subject to a 0.00% minimum and a 6.00% maximum per annum. Interest is paid quarterly on the last calendar day of January, April, July and October, beginning October 31, 2026, using a 30/360 day count convention.

SOFR-based interest may be volatile, and negative Daily SOFR values can reduce interest to zero after the initial period. The notes will not be listed on any exchange, and liquidity may depend on J.P. Morgan Securities LLC making a secondary market. Benchmark transition provisions allow a Benchmark Replacement if a Benchmark Transition Event occurs, which may affect returns. Tax treatment as variable rate debt instruments remains subject to confirmation by tax counsel, and the issuer may terminate the offering if it cannot be confirmed.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes due July 28, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, with $1,000 minimum denominations.

Investors may receive a Contingent Interest Payment on each monthly Review Date only if the closing level of each Index is at least 70.00% of its Initial Value (the Interest Barrier). If the notes are not redeemed early and, on the final Review Date, the Final Value of any Index is below 60.00% of its Initial Value (the Trigger Value), principal is reduced 1% for each 1% decline in the Least Performing Index, potentially to zero.

The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning January 28, 2027, paying $1,000 plus any due contingent interest. The indicative estimated value is approximately $958.90 per $1,000, and will not be less than $920.00, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Contingent Income Auto-Callable Securities due July 20, 2029 linked to the common stock of Palo Alto Networks, Inc. The aggregate principal amount is $15,285,000, with each security having a stated principal of $1,000 and an issue price of $1,000.

Investors may receive a contingent quarterly payment of $48.125 per $1,000 (4.8125%) for each determination date on which the underlying stock closes at or above the downside threshold level of $215.208, equal to 60% of the initial stock price of $358.68. 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 called and the final stock price is at or above the downside threshold, investors receive principal plus the final contingent payment and any unpaid contingent payments. If the final stock price is below the downside threshold, repayment of principal is reduced 1-to-1 with the stock decline via the stock performance factor, and the maturity payment will be less than 60% of principal and could be zero. The estimated value on the pricing date is $955.40 per $1,000, and any payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with automatic call features through August 3, 2032. The notes may be called early if the Index on a Review Date is at or above the applicable Call Value, paying $1,000 plus a Call Premium Amount that starts at at least 27.15% of principal and can reach at least 162.90% on the final Review Date. If the notes are not called and the Final Value is at least the Barrier Amount of 50% of the Initial Value, investors receive principal back at maturity; if the Final Value is below the Barrier, repayment is $1,000 plus $1,000 times the Index Return, meaning losses of more than 50% and up to the full principal are possible.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund component, which will drag performance and cause the Index to trail an otherwise identical index without such charges. The Index employs a target-volatility mechanism (35% target, with exposure between 0% and 500%), can be leveraged and may at times be significantly uninvested. The indicative estimated value is approximately $942.90 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity and secondary market pricing are uncertain.

JPMorgan Chase Financial Company LLC is offering Structured Investments 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 quarterly Review Dates starting August 3, 2027 if the Index is at or above 90% of its Initial Value (the Call Value), paying $1,000 plus a fixed Call Premium Amount that ranges from at least 19.00% on the first Review Date up to at least 57.00% on the final Review Date.

If the notes are not called, and on the final Review Date in July 2029 the Index is at or above 75% of the Initial Value (the Barrier Amount), investors receive only their principal. If the Final Value is below the Barrier Amount, repayment is reduced one-for-one with the Index loss, so investors may lose more than 25% and up to all of their principal. The Index itself is a leveraged, rules-based strategy on E-mini S&P 500 futures with a 35% target volatility and is subject to a 6.0% per annum daily deduction, which creates a persistent drag on performance. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing is expected to be below par, approximately $920 per $1,000 note and not less than $900.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured notes linked to the lesser performance of the Nasdaq‑100 Index and the Russell 2000 Index, maturing on August 1, 2029. The notes may be automatically called as early as July 29, 2027 if the closing level of each index on a review date is at or above 100% of its initial level. In that case, investors receive $1,000 plus a call premium of at least 11.750% on the first review date, rising to at least 35.250% on the final review date.

The structure includes a 30.00% Buffer Amount. If the notes are not called and the lesser performing index is down by no more than 30% at final valuation, principal is returned. If it is down by more than 30%, repayment is reduced dollar‑for‑dollar beyond the buffer, up to a maximum loss of 70.00% of principal. The notes pay no interest or dividends, have a minimum denomination of $1,000, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $980.90 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $500,000 of Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, maturing on July 21, 2033. The notes are priced at $1,000 per note, with dealer fees of $42.75 per $1,000 and issuer proceeds of $957.25 per note.

The notes may be automatically called quarterly starting July 22, 2027 if the Index closes at or above an increasing Call Value, paying back $1,000 plus a step-up Call Premium Amount (from 9.00% on the first Review Date to 60.75% on the twenty-fourth). If not called, at maturity investors receive $1,000 plus an Additional Amount equal to $1,000 × Index Return × 100% if the Final Index Value exceeds the Initial Value; otherwise, they receive only principal, all subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

The underlying J.P. Morgan Multi-Asset Index (Initial Value 314.15) is a rules-based, multi-asset, excess return index with a 1.00% per annum daily deduction and volatility targeting. The estimated value of the notes at pricing was $917.70 per $1,000, lower than the issue price due to selling, structuring and hedging costs. The notes pay no interest, are unsecured and not FDIC insured, and are expected to be treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $3,487,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the Nasdaq‑100 Futures Excess Index, maturing July 22, 2031. The notes provide 1.64x leveraged upside on any positive Index return at maturity and a dual‑direction feature that pays the absolute value of Index losses up to 40% if the Index ends at or above a 60% Barrier Amount of the initial level.

If the Final Value is below the Barrier Amount, repayment of principal is reduced one‑for‑one with Index losses, and investors can lose up to 100% of principal. The notes pay no interest, are unsecured and unsubordinated obligations of the finance subsidiary, and any payment depends on the credit of both the issuer and guarantor. The minimum denomination is $1,000. The initial Index level was 751.6487, and the issuer’s estimated value was $972 per $1,000 note, below the issue price due to structuring and hedging costs.

JPMorgan Financial is offering unsecured 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 matures on July 27, 2029, with the earliest automatic call on January 25, 2027.

Investors receive a Contingent Interest Payment for each Review Date on which the Index closes at or above 70% of the Initial Value (the Interest Barrier), at a Contingent Interest Rate of at least 13.35% per annum. The notes are automatically called (other than on specified early and final Review Dates) if the Index closes at or above its Initial Value, returning $1,000 plus interest.

If not called and the Final Value is below the Trigger Value of 50% of the Initial Value, principal is reduced one-for-one with the Index loss, potentially to zero. The Index itself is highly engineered: it targets 35% implied volatility, can employ up to 500% futures leverage, and is subject to a 6.0% per annum daily deduction, which creates a persistent drag versus an equivalent index without this charge.

JPMorgan Chase Financial Company LLC is issuing $1,334,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the Nasdaq-100 Futures Excess Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note, with an estimated value of $939.80 when issued, and mature on July 22, 2032.

At maturity, if the Index is above its Initial Value, investors receive 1.71 times the Index gain. If the Index is flat or down but at or above 60% of the Initial Value, investors receive the absolute value of the Index loss, capped at a 40% gain (maximum $1,400 per $1,000 note in negative Index scenarios). If the Index finishes below the 60% barrier, principal is exposed 1-for-1 to Index losses and up to 100% of principal can be lost. The notes pay no interest, are unsecured, not listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex tax and market risks.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due January 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked, on a worst-of basis, to the Russell 2000®, S&P 500® and EURO STOXX 50® indices.

Investors may receive a Contingent Interest Payment on each Review Date only if the closing level of each index is at least 70.00% of its Initial Value, the Interest Barrier. The notes may be automatically called beginning October 26, 2026 if on a Review Date (other than the first, second and final) each index is at or above its Initial Value.

If the notes are not called and, at maturity, any index is below its Trigger Value (also 70.00% of Initial Value), repayment of principal is reduced 1% for each 1% decline of the Least Performing Index, potentially to zero. The indicative Contingent Interest Rate will be at least 11.00% per annum, and the estimated value, if priced today, would be about $982.80 per $1,000 note, not less than $900. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing Trigger Autocallable Contingent Yield Notes, guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Russell 2000 Index and the EURO STOXX 50 Index. The Notes have a $10 principal amount (minimum purchase $1,000) and an expected term of approximately 3 years, from a July 22, 2026 trade date to a July 26, 2029 maturity, with quarterly observation dates.

The Notes pay a contingent quarterly coupon at an annual rate expected between 10.85% and 11.35%, only if on an Observation Date the closing level of each index is at or above its Coupon Barrier, set at 70% of its Initial Value. After an initial six‑month non‑call period, the Notes are automatically callable quarterly if each index closes at or above its Initial Value; if called, investors receive principal plus that quarter’s coupon and no further payments.

If the Notes are not called, and on the Final Valuation Date each index is at or above its Downside Threshold (also 70% of Initial Value), investors receive principal plus the final coupon. If either index finishes below its Downside Threshold, repayment is reduced to $10 × (1 + Lesser Performing Underlying Return), exposing investors to full downside of the weaker index and potential total loss of principal, with no guaranteed coupons. The Notes are unsecured obligations subject to the credit of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and have an estimated value below the $10 issue price (illustratively about $9.815, and not less than $9.50 per $10). JPMorgan has separately donated $400,000 to Hope & Heroes; these donations are unconditional and not tied to Note sales.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due June 28, 2028, linked to the lesser performer of the Nasdaq-100 Index® and the State Street® Energy Select Sector SPDR® ETF, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Payment on each monthly Review Date only if the closing value of each underlying is at least 70.00% of its Initial Value (the Interest Barrier). The Contingent Interest Rate will be at least 10.90% per annum, or 0.90833% per month. If this condition is not met, no interest is paid for that period. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning October 28, 2026, paying $1,000 per note plus any due contingent interest.

If the notes are not redeemed and, on the final Review Date, the Final Value of either underlying is below its 70.00% Trigger Value, principal is reduced 1% for each 1% decline in the lesser performing underlying, potentially to zero. Investors forgo dividends, have no upside participation, face credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and limited liquidity because the notes will not be listed. The estimated value is about $960.70 per $1,000 note if priced today and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions, hedging costs and the issuer’s internal funding rate.

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 settle on or about July 28, 2026 and mature on July 28, 2032, with the earliest potential automatic call on July 23, 2027.

Investors receive a monthly Contingent Interest Payment only if the Index closing level on an Interest Review Date is at least 70% of the Initial Value (the Interest Barrier). The notes are automatically called on quarterly Autocall Review Dates if the Index is at or above the Initial Value, returning $1,000 plus the applicable contingent interest, after which no further payments are made.

If the notes are not called and the Final Value is at least 50% of the Initial Value (the Trigger Value), principal is repaid in full and a final contingent interest may be paid if the Index is also at or above the Interest Barrier. If the Final Value is below the Trigger Value, repayment is $1,000 + $1,000 × Index Return, exposing investors to a loss of more than 50% and up to all principal. The Index embeds a 6.0% per annum daily deduction, which drags performance and can cause the Index to decline even when its futures strategy is flat or modestly positive. The provisional estimated value is about $919.70 per $1,000 note and will not be less than $900 at pricing, reflecting selling commissions and hedging costs.

JPMorgan Chase Financial Company LLC is offering structured 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 quarterly Review Dates starting July 27, 2027 if the Index closes at or above the Call Value, which equals 100% of the Strike Value of 4,112.61.

On a call, investors receive $1,000 plus a Call Premium Amount that starts at at least 26.00% of principal and steps up to at least 182.00% on the final Review Date. If the notes are never called and the Final Value is at or above the Barrier Amount of 50.00% of the Strike Value, principal is returned at maturity on July 25, 2033. If the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 times the Index Return, exposing investors to more than 50% loss and potentially a total loss of principal.

The Index employs a 35% target volatility and can lever E-mini S&P 500 futures exposure up to 500%, but is reduced by a 6.0% per annum daily deduction, which drags performance and is a key factor in the note economics. The minimum denomination is $1,000, with an estimated value of approximately $920 per $1,000 note at launch, and not less than $900, reflecting embedded selling, structuring and hedging costs. Payments are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., under its medium-term note program. Each note has a $1,000 denomination and matures on August 3, 2029, with expected pricing on or about July 31, 2026 and settlement on or about August 5, 2026.

The notes feature an automatic call if, on any Review Date starting August 3, 2027, the Index closing level is at or above 100% of its Initial Value. In that case, investors receive $1,000 plus a Call Premium Amount of at least 27.00%–81.00% of principal depending on the call date, and the notes terminate. If not called and the Final Value is at least 75.00% of the Initial Value, investors receive principal back at maturity; if the Final Value is below 75.00%, repayment is $1,000 plus $1,000 × Index Return, so investors can lose more than 25% and up to all of principal.

The underlying Index dynamically allocates exposure of up to 500% to E-mini S&P 500 futures, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction, which drags performance. 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 bank deposits or FDIC insured. If priced today, the estimated value would be about $920.00 per $1,000 note and will not be less than $900.00 per $1,000 when set, reflecting selling costs and hedging-related factors.

JPMorgan Chase Financial Company LLC is offering $11,461,000 of Trigger Performance Leveraged Upside Securities (“Trigger PLUS”) linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 stated principal amount, pricing on July 17, 2026 and maturing on August 4, 2032.

The notes pay no interest and expose investors to loss of principal. If the index finishes above the initial level of 6,230.87, holders receive $1,000 plus 192.25% of the index percent increase. If the final index value is at or above the trigger level of 4,673.1525 (75% of the initial level) but at or below the initial level, investors receive only the $1,000 principal. Below the trigger, repayment equals $1,000 times the index performance factor, resulting in losses proportional to the index decline and potentially a total loss.

The issue price is $1,000 per note, including total fees and commissions of $401,135, with proceeds to the issuer of $11,059,865. The estimated value on the pricing date is $947.30 per $1,000 note, reflecting structuring and hedging costs. The notes will not be listed on any securities exchange and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing Trigger PLUS structured notes linked to an unequally weighted basket of five international equity indices, with an aggregate principal amount of $6,238,000. Each note has a $1,000 stated principal amount, no interest and a maturity date of August 6, 2029.

The notes provide leveraged upside of 151.80% of any basket gain above the initial basket value of 100. If the final basket value is at or above the 80% trigger level but at or below the initial value, investors receive principal back. If the final basket value falls below the trigger level, repayment equals the basket performance factor, exposing investors to a proportional loss of principal up to total loss.

The basket weights are 40.00% EURO STOXX 50, 25.00% TOPIX, 17.50% FTSE 100, 10.00% Swiss Market Index and 7.50% S&P/ASX 200. The issue price is $1,000 per note, with an estimated value on the pricing date of $957.20 per $1,000, reflecting selling commissions, structuring fees and hedging costs. Principal repayment and performance payments are subject to the credit risk of JPMorgan Financial as issuer and JPMorgan Chase & Co. as guarantor.

JPMorgan Chase Financial Company LLC is offering Enhanced Jump Securities with Auto-Callable Feature due July 20, 2029, linked to the worst performing of the Russell 2000, S&P 500 and Nasdaq-100 indices, in an aggregate principal amount of $11,455,000. The notes pay no coupons and may be automatically redeemed on eight scheduled determination dates if each index closes at or above its initial level, for early redemption payments rising from $1,105 to $1,288.75 per $1,000. If not called and, at maturity, each index is at or above 70% of its initial level, investors receive a maturity redemption payment of $1,315 per $1,000 (about 10.5% per year). If any index finishes below its 70% downside threshold, the payout equals $1,000 times the worst index’s performance factor and can be substantially below principal, including zero. The securities are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and any payment is subject to their credit risks; the estimated value at pricing was $950.30 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $4,270,000 of Auto-Callable Trigger PLUS linked to the EURO STOXX 50^® Index, due July 22, 2032. Each security has a $1,000 stated principal amount and issue price.

The notes pay no interest and may be automatically redeemed on July 29, 2027 for $1,175.50 per note (117.55% of principal) if the index on the observation date is at or above the initial level of 6,230.87. If not redeemed and at maturity the index is above its initial level, investors receive $1,000 plus 150% of the index’s percentage gain. If the index is between 75% and 100% of the initial level (the 4,673.1525 trigger level) at maturity, principal is returned.

If at maturity the index closes below the trigger level, repayment is $1,000 × (final index value / initial index value), exposing investors to a significant or total loss of principal. The estimated value on the pricing date was $951 per $1,000 note, reflecting selling commissions, structuring fees and hedging costs, and any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $833,000 principal amount of unsecured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are priced at $1,000 per note, with dealer selling commissions of $9.50 per $1,000 and proceeds to the issuer of $990.50 per note. The notes priced on July 17, 2026, are expected to settle on or about July 22, 2026, and mature on July 20, 2029, with an observation date of July 17, 2029.

At maturity, investors receive full principal repayment plus an Additional Amount equal to $1,000 × Index Return × a 102.00% participation rate, but not less than zero, so downside exposure is limited to foregone interest and inflation, not nominal principal loss, subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co. The Initial Index Value is 596.71. The notes pay no periodic interest, are not bank deposits, and will not be listed on any exchange; secondary liquidity will depend on J.P. Morgan Securities LLC.

The estimated value at pricing is $979.40 per $1,000 note, below the issue price due to selling, structuring, and hedging costs. For tax purposes, the notes are expected to be treated as contingent payment debt instruments, with a comparable yield of 4.31% and a projected single payment of $1,136.25 at maturity used to determine annual original issue discount accruals.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes due August 3, 2029, linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index. The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to the credit risks of both entities.

At maturity, investors receive $1,000 per note plus an upside return of at least 1.385× any positive performance of the least performing index, or a capped, unleveraged positive return equal to the absolute value of any index decline of up to the 20.00% Buffer Amount. If any index falls by more than 20.00%, principal is reduced 1% for each 1% decline beyond the buffer, up to a maximum loss of 80.00% (minimum payment $200 per $1,000 note). The indicative estimated value is $983.60 per $1,000, and will not be less than $900.00, reflecting embedded selling costs and hedging margins; secondary market prices are expected to be lower than the issue price and liquidity may be limited.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities due July 20, 2029, linked to the lowest performing of the Nasdaq-100 Index, EURO STOXX 50 Index and Russell 2000 Index. Each security has a $1,000 principal amount and pays a contingent coupon of 11.55% per annum, payable quarterly only if the lowest performing index on the relevant calculation day is at or above its threshold level (75% of its starting level). The notes are auto-callable from January 2027 through April 2029 if the lowest performing index is at or above its starting level, in which case investors receive principal plus a final contingent coupon. If not called, and on the final calculation day the lowest performing index is below its threshold, investors incur a loss equal to the index’s negative return, potentially losing most or all principal. The price to public is $1,000 per security, with selling fees of $23.25 and proceeds to issuer of $976.75; the estimated value at pricing was $950.90 per security.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers Digital Buffered Notes linked to the MSCI Emerging Markets Index. Each $1,000 note offers a Contingent Digital Return of at least 16.00%, paid at maturity if the Index ending level is at or above its initial level, or down to a 15.00% buffer below that level. In those cases, investors receive up to $1,160 per $1,000 principal amount.

If the Index falls more than 15.00%, principal is exposed to leveraged downside: investors lose 1.17647% of principal for every 1% decline beyond the 15.00% buffer, potentially down to zero. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The estimated value at issuance is expected to be below the $1,000 price, approximately $985.70 per $1,000 note if priced on the described date, and not less than $970.00, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $99,198,000 of Medium‑Term Notes, Series A, Digital Equity Notes due August 24, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and bears no interest.

The notes are linked to an unequally weighted basket of five non‑U.S. equity indices: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%). The initial basket level is 100; the final basket level is calculated from each index’s performance and weight. If the final basket level is at or above the initial level, the return is positive and, in the payoff examples, investors receive at least a threshold settlement amount of $1,140 per $1,000 note, with higher payments when the basket rises further. If the basket ends below the initial level, repayment falls one‑for‑one with the basket and investors can lose up to their entire principal.

The estimated value is $981.90 per $1,000 at pricing, below the 100% issue price, reflecting selling commissions of 1.24% and structuring and hedging costs. The notes will not be listed, can have limited or no secondary liquidity, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. U.S. tax treatment is uncertain; counsel currently views the notes as open‑transaction prepaid financial contracts, and the issuer expects Section 871(m) withholding not to apply to Non‑U.S. holders based on current guidance.

JPMorgan Chase Financial Company LLC is issuing $1,958,000 of Uncapped Dual Directional Digital Barrier Notes linked to the least performing of the S&P 500, EURO STOXX 50 and Russell 2000, maturing on July 22, 2031 and fully guaranteed by JPMorgan Chase & Co.

At maturity, if each index is at or above its initial level, investors receive principal plus the greater of a 67.00% Contingent Digital Return or the least performing index’s return. If any index is below its initial level but all are at or above 70.00% of initial (Barrier Amount), investors receive principal plus the absolute decline of the worst index, capped at a 30.00% gain. If any index finishes below its Barrier Amount, repayment is principal reduced one-for-one by the least performing index’s loss, with potential loss of all principal.

The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity may be limited. The public issue price is $1,000 per note, including $41.25 in selling commissions; the issuer’s estimated value is $933.70 per $1,000, reflecting embedded structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $3,199,000 of unsecured structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and mature on July 22, 2030, with minimum denominations of $1,000.

At maturity, investors receive $1,000 per note plus an Additional Amount equal to $1,000 × Index Return × a 129.00% Participation Rate, but not less than zero, providing full principal repayment at maturity subject to issuer and guarantor credit risk. The Initial Index Value on July 17, 2026 was 596.71.

The price to public is $1,000 per note, including selling commissions of $7.50 and proceeds to the issuer of $992.50 per note. The estimated value at pricing was $981.70 per $1,000 note, reflecting embedded costs and hedging. The notes are not listed, may have limited liquidity, and are treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of original issue discount.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,887,000 of Digital Barrier Notes linked to the least performing of the S&P 500 Index, Russell 2000 Index and Nasdaq-100 Index, maturing on July 22, 2031, in $1,000 minimum denominations.

The notes offer a fixed 60.00% Contingent Digital Return at maturity if, on the July 17, 2031 observation date, the final level of each index is at least 85.00% of its initial level (the Digital Barrier). If any index is below its Digital Barrier but all are at or above 70.00% of their initial levels (the Barrier Amount), principal is returned. If any index finishes below its Barrier Amount, repayment is reduced 1% for each 1% decline of the least performing index, with the potential for a complete loss of principal.

The price to public is $1,000 per note, including $38 in selling commissions and proceeds to the issuer of $962 per note; the estimated value at pricing was $948.10. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a price to public of $1,000 per note and an aggregate offering amount of $3,563,000, with dealer compensation of $15 per note and issuer proceeds of $985 per note. The estimated value at pricing was $982.10 per $1,000 note.

The notes are automatically called on July 30, 2027 if the Index is at or above its Initial Level of 7,457.69, paying $1,000 plus a 10.30% call premium. If not called, at maturity on July 20, 2028 investors receive 1.5x any positive Index Return, full principal if the Index is unchanged, or a positive return equal to the Absolute Index Return when the Index has fallen by up to the 20.00% Contingent Buffer Amount (maximum $1,200 per $1,000 for negative Index performance). If the Index declines by more than 20%, principal is reduced 1% for each 1% drop, down to a total loss.

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. Tax treatment is based on an "open transaction" prepaid contract analysis, with detailed U.S. federal income tax and Section 871(m) considerations described.

JPMorgan Chase Financial Company LLC is issuing $2,770,000 of Medium-Term Notes, Series A, Capped Enhanced Participation Equity Notes due July 19, 2028, linked to the Russell 2000® Index and fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, an upside participation rate of 1.50x and a cap level of 128.38%, producing a maximum settlement amount of $1,425.70 per $1,000 note. The notes pay no interest and are not listed or redeemable; investors may lose some or all principal, with 1:1 downside if the final underlier level is below the initial level of 2,962.217.

The initial issue price is 100% of principal, including a 2.00% underwriting commission, for 98.00% net proceeds to the issuer. The issuer’s estimated value is $975.60 per $1,000 note, reflecting internal funding and hedging costs. Repurchases by JPMS may initially reflect some embedded costs, and secondary market values are expected to be lower than the issue price. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the tax treatment is uncertain, including potential implications of Section 871(m) for non‑U.S. holders.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 29, 2032, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. Investors receive a monthly Contingent Interest Payment only when the Index is at or above 70% of the Initial Value on the relevant review date; otherwise no interest is paid.

The notes are automatically called on quarterly review dates if the Index is at or above the Initial Value, returning $1,000 per note plus that period’s interest, with no further payments. If held to maturity without being called, principal is fully returned only if the Final Index Value is at or above 50% of the Initial Value (Trigger Value); below that level, repayment is reduced 1% for each 1% Index decline, down to zero.

The Index embeds a 6.0% per annum daily deduction and can use leverage up to 500% of E-mini S&P 500 futures exposure, creating significant performance drag and volatility. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $927 per $1,000 note, and will not be less than $900 at pricing.

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. The notes pay a contingent interest on monthly Interest Review Dates only if the Index closes at or above an Interest Barrier equal to 70% of the Initial Value. A quarterly autocall feature redeems the notes early at $1,000 plus the applicable interest if, on any Autocall Review Date starting on January 25, 2027, the Index closes at or above its Initial Value.

If the notes are not called, at maturity on July 29, 2032 investors receive $1,000 plus the final contingent interest if the Index is at or above a Trigger Value equal to 50% of the Initial Value; otherwise, repayment is reduced one-for-one with the Index decline, potentially to zero. The Index embeds a 6.0% per annum daily deduction and can use leverage up to 500% exposure to E-mini S&P 500 futures, which can materially drag performance and increase volatility. The estimated economic value is lower than the $1,000 issue price, illustrated at $925.20 per $1,000 if priced on the example date and not less than $900. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are illiquid, unsecured and not principal protected.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due January 27, 2028, linked to the lesser performing of the S&P 500 Index and the VanEck Semiconductor ETF. The notes pay a Contingent Interest Payment on each monthly Review Date only if the closing value of each underlying is at least 70.00% of its Initial Value (the Interest Barrier). The Contingent Interest Rate will be at least 18.50% per annum, paid at a hypothetical rate of 1.54167% per month.

The notes are automatically called if, on any Review Date other than the first, second and final, the closing value of each underlying is at least its Initial Value, in which case investors receive $1,000 plus the contingent interest for that date and no further payments. If not called, at maturity investors receive $1,000 plus the final contingent interest only if the Final Value of each underlying is at least its Trigger Value of 50.00% of Initial Value. If the Final Value of either underlying is below its Trigger Value, the repayment of principal is reduced 1% for each 1% decline of the lesser performing underlying from its Initial Value, exposing investors to a significant or total loss of principal. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an indicative estimated value of $960.40 per $1,000 principal amount and a minimum denomination of $1,000.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due August 1, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average®, the State Street® Energy Select Sector SPDR® ETF and the State Street® Utilities Select Sector SPDR® ETF, with payments based on each underlying individually rather than a basket.

Investors may receive a monthly Contingent Interest Payment only when the closing value of each underlying on an interest review date is at least 70% of its Initial Value. The notes are automatically called, starting as early as July 29, 2027, if on a quarterly autocall review date each underlying is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments.

If the notes are not called, maturity payment depends on the worst performer. If the final value of each underlying is at least 65% of its Initial Value, investors receive principal plus any final contingent interest; if any underlying finishes below its Trigger Value, repayment is reduced by the negative return of the least performing underlying, so investors can lose a substantial portion or all of principal. The estimated value, if priced today, is $933.90 per $1,000 note, and will not be less than $900.00 when set, reflecting embedded fees, hedging costs and dealer compensation. The notes are unsecured, unsubordinated obligations, not FDIC insured, not listed on any exchange, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of July 31, 2031 and a minimum denomination of $1,000.

The notes may be automatically called on any of 17 Review Dates starting August 2, 2027 if the Index closing level is at or above the Call Value, paying $1,000 plus a Call Premium Amount starting at 20% of principal on the first Review Date and rising to 100% on the final Review Date. If not called and at maturity the Index has fallen by more than the 15% Buffer Amount, the payoff is reduced dollar-for-dollar beyond that buffer, with up to an 85% loss of principal.

The Index incorporates a 6.0% per annum daily deduction and a daily notional financing cost, which reduce its performance and will cause it to trail an identical index without such charges. If priced today, the estimated value would be about $907.30 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The notes pay no interest, do not provide QQQ Fund dividends, are unsecured obligations and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $1,401,000 of Auto Callable Contingent Interest Notes, each with $1,000 principal, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a 12.00% per annum Contingent Interest (1.00% per month) only when the Index on an Interest Review Date is at or above 80.00% of the Initial Value; missed coupons can be paid later if the barrier is subsequently met. The notes are automatically called on quarterly Autocall Review Dates if the Index is at or above its Initial Value, returning principal plus due contingent interest. If not called, at maturity investors receive principal back only if the Final Index Value is at or above the 85.00% Buffer Threshold; below that level, losses match Index declines beyond the 15.00% Buffer Amount, up to an 85.00% principal loss. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, which create a drag so the Index will trail an identical index without these charges. The estimated value was $911.90 per $1,000 note, below the $1,000 issue price, reflecting commissions and structuring and hedging costs. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. and the notes are unsecured, not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500 Index. Each note has a $1,000 price to the public, including $30 in fees and commissions, for total proceeds to the issuer of $485,000 on a $500,000 aggregate offering.

The notes offer a fixed Contingent Digital Return of 109.80%, giving a maximum payment at maturity of $2,098 per $1,000 note if the S&P 500 ending level is at or above the strike or down by up to the 10.00% Contingent Buffer Amount. If the index declines by more than 10% from the Index Strike Level of 7,533.77, investors lose 1% of principal for each 1% index loss and can lose their entire principal. Key dates include a pricing date of July 17, 2026, valuation date of July 16, 2036, and maturity date of July 21, 2036.

The estimated value of the notes at issuance is $950.30 per $1,000, reflecting internal funding and hedging costs, which is lower than the issue price. The notes are unsecured obligations, not deposits, and are subject to market risk, issuer credit risk, potential illiquidity, and complex U.S. tax treatment, including open-transaction treatment and Section 871(m) considerations for non-U.S. holders.

JPMorgan Chase Financial Company LLC is issuing $1,174,000 of 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. Each note has a $1,000 principal amount, prices at 100% of face value and is expected to settle on or about July 22, 2036, with maturity on July 22, 2030, after an observation date of July 17, 2030.

The notes provide uncapped, unleveraged exposure to any appreciation of the lesser performing index at maturity, subject to a Contingent Digital Return of 50.10%. If the final level of each index is at or above its initial level, investors receive $1,000 plus the greater of the 50.10% digital return or the actual return of the lesser performer. If at least one index is below its initial level but both remain at or above their Barrier Amount of 75% of initial, principal is returned at par. If either index finishes below its barrier, repayment is fully exposed to the lesser performing index’s loss, and investors can lose more than 25% and up to all principal.

The initial levels are 7,457.69 for the S&P 500 and 2,962.217 for the Russell 2000, with barrier levels at 5,593.2675 and 2,221.66275, respectively. The notes pay no interest, provide no dividends, will not be listed on an exchange and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $979.80 per $1,000 note, below the issue price due to structuring and hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is offering $2,200,000 of Medium-Term Notes, Series A, Capped Enhanced Participation Basket-Linked Notes due January 20, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.

The notes are linked to an unequally weighted equity index basket: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%), with an initial basket level of 100. At maturity, investors receive $1,000 plus twice the basket return (upside participation rate 2.00), capped at a maximum settlement of $1,313 per $1,000 if the final basket level exceeds 115.65% of the initial level. If the basket declines, principal is reduced one-for-one with the basket return, and investors can lose their entire investment.

The original issue price is 100% of principal, including a 1.51% underwriting commission, resulting in 98.49% net proceeds to the issuer. The estimated value at pricing was $980.40 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, have no early redemption, and involve complex tax and secondary market valuation considerations.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index. The Notes are issued at $10 per Note in minimum investments of $1,000, pay a contingent quarterly coupon expected between 8.85% and 9.35% per annum only if both indexes are at or above their Coupon Barriers, and are automatically callable quarterly after six months if both indexes are at or above their Initial Values.

If not called, and on the Final Valuation Date (July 23, 2029) each index is at or above its Downside Threshold (70% of its Initial Value), investors receive full principal plus any due coupon at maturity (July 26, 2029). If either index finishes below its Downside Threshold, repayment is reduced to $10 × (1 + Lesser Performing Underlying Return), exposing investors to a proportional loss of principal, potentially to zero. Selling commissions are $0.20 per $10 Note (proceeds of $9.80 per Note to the issuer), and the indicative estimated value is about $9.631, not less than $9.30 per $10 Note. Any payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the Notes will not be listed on any securities exchange.