Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC is offering $936,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average® and the Nasdaq-100 Index®, maturing on February 15, 2029 and guaranteed by JPMorgan Chase & Co.

The notes provide 1.2425 times any appreciation of the lesser performing index at maturity, with no upside cap. If the lesser index is flat or down by up to the 15.00% buffer, investors receive a positive return equal to the absolute decline. If the lesser index falls by more than 15.00%, principal is reduced 1% for each percentage point beyond the buffer, up to an 85.00% loss.

The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange, so liquidity may be limited. The price to public is $1,000 per note, while the estimated value at pricing is $977.50, reflecting selling commissions, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $8,196,000 of Uncapped Dual Directional Buffered Return Enhanced 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 return at maturity depend entirely on the index. If the index rises, investors receive 1.65 times the index gain, with no upside cap. If the index is flat or down by up to 10%, investors receive the absolute value of that move as a positive return, up to a 10% gain. If the index falls by more than 10%, principal is reduced 1% for each additional 1% decline, so losses can reach 90% of principal. The notes are unsecured, will not be listed, have an estimated value of $982.50 per $1,000 at pricing, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $5,730,000 of Capped Buffered Return Enhanced Notes linked to the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on February 14, 2031.

At maturity, investors receive 1.0155 times any gain of the lesser-performing index, capped at a 100% maximum return, or $2,000 per $1,000 note. A 25% downside buffer applies; beyond that, investors lose 1% of principal for each additional 1% drop in the lesser index, up to a 75% maximum loss.

The notes pay no interest, offer no dividends, are unsecured, and are subject to the credit risk of both issuers. The price to public is $1,000 per note, including $41.25 in selling commissions, versus an estimated value of $946.10, highlighting embedded costs and potential secondary-market discounts.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the common stock of NVIDIA Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000 and are unsecured, unsubordinated obligations subject to the issuers’ credit risk.

The notes may be automatically called on February 25, 2027 if NVIDIA’s share price is at or above the Call Value, paying $1,000 plus at least $193 per note, with no further payments. If not called and NVIDIA rises, investors receive 2.00 times the stock’s positive return at maturity. A 15.00% downside buffer applies, but if NVIDIA falls by more than this, investors can lose up to 85.00% of principal.

The preliminary estimated value is about $975.80 per $1,000 note and will not be less than $950.00 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes pay no interest or dividends, will not be listed on an exchange, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering $1,536,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, maturing on February 15, 2029, and fully guaranteed by JPMorgan Chase & Co.

At maturity, investors earn 1.02 times any positive return of the lesser performing index. A 20% downside buffer protects principal against moderate declines, but if either index falls by more than 20%, principal is reduced 1% for each additional 1% drop, up to an 80% loss.

The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities’ willingness to make a market. They are sold in $1,000 denominations at $1,000 per note, with an estimated value of $983.30 reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Buffered Return Enhanced Notes linked to the EURO STOXX 50® Index in $10,000 minimum denominations.

The notes can be automatically called on the February 26, 2027 Review Date if the Index closes at or above the initial level, paying $1,000 plus a call premium of at least 13.41% per note. If not called and the Index finishes above its initial level on the February 14, 2028 Valuation Date, investors receive an uncapped, leveraged upside of at least 1.50 times any positive Index return.

If the notes are not called and the Index declines but not by more than the 25.00% contingent buffer, principal is returned at maturity on February 17, 2028. If the Index falls by more than 25.00%, repayment is reduced one-for-one with the Index loss, so investors can lose some or all of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuing and guaranteeing entities, are not listed on any exchange, and may trade below the $1,000 issue price; the estimated value is illustrated at approximately $978.40 per $1,000, with a minimum to be set no lower than $960.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped notes linked to the MerQube US Tech+ Vol Advantage Index maturing in February 2029. The notes return principal at maturity plus index-linked upside, capped at a maximum return of at least 26.00%.

Investors give up periodic interest and any dividends from the Invesco QQQ Fund and rely entirely on the maturity payout, subject to JPMorgan’s credit risk. The index embeds a 6.0% per annum daily deduction and a notional financing cost, which systematically drag on performance and can cause the index to lag similar strategies without these charges.

The index uses a volatility-targeting, leveraged exposure to the QQQ Fund, with exposure that can range from 0% to 500%, amplifying gains and losses. The preliminary estimated value is about $940.00 per $1,000 note and will not be less than $900.00 per $1,000, reflecting structuring, distribution and hedging costs that make secondary-market prices likely below the issue price.

JPMorgan Chase & Co. is offering $1,000,000 of Callable Fixed to Floating Rate Notes due February 13, 2046. The notes pay a fixed 12.00% per annum from issuance on February 13, 2026 through February 13, 2028, with interest paid quarterly.

After that, the rate becomes floating, resetting each Interest Period to (7.00% − the Benchmark Rate) × 1.35, with a floor (Minimum Interest Rate) of 0.00% per annum. The Benchmark Rate is initially Compounded SOFR, with detailed benchmark replacement mechanics if SOFR is discontinued or replaced.

JPMorgan may call the notes in whole, but not in part, on the 13th of February, May, August and November from February 13, 2028 to November 13, 2045, at par plus accrued interest. The public offering price is $1,000 per note, including a $35 fee, resulting in issuer proceeds of $965,000 before hedging. The notes are unsecured obligations of JPMorgan Chase & Co., subject to its resolution and bankruptcy frameworks, and involve complex interest-rate, market, benchmark transition and tax risks, including treatment as contingent payment debt instruments with a comparable yield of 5.41%.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable securities linked to the Class A common stock of Coinbase Global, Inc. The total offering size is $3,915,000, at $1,000 principal per security.

The notes pay a contingent coupon rate of 25.35% per annum, but coupons are only paid quarterly when Coinbase’s stock closes on or above the threshold price of $76.60, which is 50% of the starting price of $153.20. From May 2026 to November 2028, if the stock is at or above the call value of $137.88 (90% of the starting price) on a calculation day, the notes are automatically called at par plus the coupon.

If the notes are not called and Coinbase’s ending price on February 12, 2029 is below the threshold price, investors lose more than 50%, up to all, of principal, based on the stock return formula. The estimated value at issuance is $961.70 per security, below the $1,000 price to public, reflecting selling commissions, hedging costs and issuer funding assumptions. The securities are not bank deposits, are unsecured obligations and are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $750,000 of Auto Callable Yield Notes linked to the least performing of Amazon, NVIDIA and Palantir Class A shares, maturing on August 11, 2027.

The notes pay 16.70% per annum, or $13.9167 per $1,000 monthly, as long as they are outstanding. They may be automatically called as early as February 8, 2027 if each stock closes at or above its strike value, returning $1,000 plus the applicable interest payment.

If not called and any stock finishes below its Trigger Value of 50% of strike, repayment of principal is reduced one-for-one with the decline of the worst stock, and investors can lose more than half, up to all, of their principal. The notes are unsecured, unsubordinated obligations, have an estimated value of $979.10 per $1,000, will not be listed, and expose investors to both market risk in the three stocks and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Digital Contingent Buffered Notes linked to the Invesco QQQ Trust, Series 1. The notes have a one-year term, minimum denominations of $10,000, and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

If the final QQQ share price is at or above the strike price of $600.64, or down by up to the 25% contingent buffer, investors receive a fixed “contingent digital return” of at least 8.62%, for a minimum payment of $1,086.20 per $1,000 note. If QQQ falls by more than 25%, principal is reduced 1% for each additional 1% decline, potentially resulting in a total loss.

The notes pay no interest or dividends and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $984 per $1,000 note and will not be less than $970 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering $2,142,000 of structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing February 14, 2031. The notes can be automatically called as early as February 16, 2027 if the Index closes at or above 85% of its initial level, paying back principal plus a preset call premium that steps up over 49 review dates to as high as 43.75% of principal on the final review date.

Investors forgo interest and dividends and face up to 85% loss of principal at maturity if the Index falls more than a 15% buffer. The Index itself uses dynamic leverage of 0%–500% with a 35% target volatility, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost on an unfunded QQQ Fund position, so it will lag a similar index without these charges. Each $1,000 note is sold at $1,000, with estimated value $909.90, proceeds to the issuer of $958.50 per note, and all payments depend on the unsecured credit of JPMorgan Financial and the guarantee of JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $2,530,000 of unsecured Return Notes linked to an unequally weighted basket of the S&P 500® Futures Excess Return Index, the STOXX® Europe 600 Index and the MSCI Emerging Markets Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest and return at maturity $1,000 plus $1,000 multiplied by the basket return, so holders participate one-for-one in basket gains but can lose some or all principal if the final basket value is below the initial 100 level. Basket weights are set at maturity based on relative performance: 95% to the best-performing index, 5% to the second-best, and 0% to the worst. The price to the public is $1,000 per note, including $5 in selling commissions, while the issuer’s estimated value is $979.60, and the notes are not listed, exposing holders to credit, market, liquidity and complex tax and index-structure risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $300,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performer of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing on February 16, 2028.

The notes offer 1.694x leveraged upside on any gain of the lesser-performing underlying, with a 10% downside buffer. If either underlying falls more than 10%, principal is reduced one-for-one, up to a 90% loss at maturity. The notes pay no interest or dividends and are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The initial price is $1,000 per note, with an estimated value of $979.70 due to embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $550,000 of auto callable contingent interest notes linked to Bank of America and Citigroup stock, due February 18, 2027. The notes pay a 9.50% per annum contingent coupon (2.375% quarterly) only if, on a Review Date, each stock closes at or above 50.00% of its Strike Value.

The notes are automatically called, returning $1,000 per note plus due coupons, if on any non-final Review Date each stock is at or above its Strike Value. If the notes are not called and, at maturity, each stock is at or above its Trigger Value (also 50.00% of Strike), investors receive full principal plus all due contingent interest.

If at maturity either stock is below its Trigger Value, repayment is reduced dollar-for-dollar with the decline of the lesser performing stock, potentially to zero. The notes are unsecured obligations of JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., are not listed on any exchange, and had an estimated value at pricing of $988.10 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $1,640,000 of auto callable contingent interest notes linked individually to the Russell 2000 Index and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on February 14, 2030.

The notes pay a Contingent Interest Payment at 8.25% per annum (2.0625% per quarter) only when on a Review Date each index closes at or above 70% of its Initial Value. From August 11, 2026 onward, the notes are automatically called if on a Review Date each index is at or above its Initial Value, returning $1,000 plus the applicable interest and ending future payments.

If the notes are not called and on the final Review Date either index finishes below its Trigger Value, repayment of principal is reduced one-for-one with the decline of the lesser performing index, potentially to zero. The notes are unsecured obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $23.50 in selling commissions, while the issuer’s estimated value is $953.40 per $1,000.

JPMorgan Chase Financial Company LLC is offering Digital Barrier Notes linked to the common stock of The Boeing Company, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a fixed contingent digital return of at least 10.25% at maturity if Boeing’s final stock price is at or above 65% of its initial price, the Barrier Amount.

If Boeing’s final stock price falls below the 65% barrier, repayment is fully exposed to downside, with investors losing 1% of principal for each 1% decline from the initial value, potentially up to a total loss. The notes pay no interest or dividends, are unsecured and unsubordinated, and have a minimum denomination of $1,000. The issuer estimates the value would be about $980 per $1,000 note if priced today, and commits that the estimated value when terms are set will not be less than $950 per $1,000 note, reflecting embedded selling commissions, structuring fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering structured Buffered Digital Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes mature on April 1, 2027 and are expected to be issued in $1,000 minimum denominations. If, on the observation date, each underlying is at or above its initial value, or down by no more than the 25.00% buffer, investors receive principal plus a fixed contingent digital return of at least 9.10%.

If any underlying falls more than 25.00% from its initial value, repayment is reduced 1-for-1 beyond the buffer, up to a maximum 75.00% 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 on any exchange. The preliminary estimated value is approximately $989.60 per $1,000, and will not be less than $900.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC is offering unsecured Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index, maturing in March 2031 and fully guaranteed by JPMorgan Chase & Co.

At maturity, if all three indices finish above their initial levels, investors receive principal plus at least 1.50 times the gain of the worst performer. If any index is at or below its initial level but all remain at or above 65% of their initial values, investors earn a positive return equal to the absolute decline of the worst index, capped at 35%, for a maximum payment of $1,350 per $1,000 note in that scenario.

If any index closes below 65% of its initial level, repayment is reduced one‑for‑one with the loss of the worst index, and investors can lose more than 35% and up to all of their principal. The notes pay no interest, provide no dividends, are not FDIC‑insured, may be illiquid, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An example estimated value is approximately $941 per $1,000 note, and the final estimated value will not be less than $900 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index, maturing on February 23, 2029.

The notes target at least 1.91x any positive return of the worst-performing index if all three finish above their initial levels, but expose investors to full downside below a 70% barrier on any index, with potential loss of all principal. They pay no interest or dividends, are unsecured, and have an estimated value currently illustrated at about $970.50 per $1,000 note, not less than $900 when finalized.

JPMorgan Chase Financial Company LLC is offering $500,000 of auto callable accelerated barrier notes linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 minimum denomination.

The notes may be automatically called on February 17, 2027 if Blackstone’s share price is at or above 90% of its initial price, paying $1,210 per $1,000 note and then terminating. If not called and Blackstone’s final price is above the initial price, investors receive 2.00 times the stock’s gain at maturity in 2030.

If the final price is at or above 70% of the initial price, principal is returned. Below that 70% barrier, principal is reduced one-for-one with the stock’s loss, and investors can lose all of their investment. The notes pay no interest or dividends, are unsecured, expose holders to JPMorgan credit risk, and have an estimated value of $976.70 per $1,000 at pricing.

JPMorgan Chase & Co. is offering $2,000,000 of callable fixed-rate notes due February 11, 2033. The notes pay 4.65% per annum, with interest paid annually on February 13 from 2027 through 2032 and at maturity, using a 30/360 day-count convention.

The issuer may redeem all, but not part, of the notes at par plus accrued interest on February 13 and August 13 of each year from 2028 through 2032. At maturity, investors receive principal plus any unpaid interest if the notes have not been called.

The notes are unsecured obligations of JPMorgan Chase & Co., not bank deposits and not FDIC-insured. In a resolution of the holding company, claims on the notes would be structurally junior to creditors of its subsidiaries, and losses would be borne after equity but alongside other unsecured creditors.

JPMorgan Chase & Co. is issuing $6,643,000 of callable fixed-rate notes due February 13, 2046. The notes pay 5.55% per year, with interest paid annually on February 13, starting in 2027.

Beginning February 13, 2028, and on each February 13 and August 13 through 2045, JPMorgan may redeem the notes at par plus accrued interest. The public offering price is $1,000 per note, with total proceeds to the issuer of $6,578,727.50 after $64,247.50 in selling commissions and related fees.

JPMorgan Chase & Co. is issuing $2,102,000 of callable fixed-rate notes due August 11, 2034. The notes pay 4.625% per annum, with interest paid annually on February 13 from 2027 through 2034 and at maturity, using a 30/360 day count.

The notes are callable at JPMorgan’s option, in whole but not in part, on the 13th calendar day of February, May, August and November from February 13, 2028 through May 13, 2034 at par plus accrued interest. Total price to the public is $2,101,210, including selling commissions of $15.241 per $1,000, with net proceeds to the issuer of $2,069,174.

The notes are unsecured obligations of JPMorgan Chase & Co. and are structurally junior to creditors of its subsidiaries. In a resolution under U.S. bankruptcy or Dodd-Frank Title II, losses would be borne first by equity holders, then by unsecured creditors, including these noteholders. The notes are not bank deposits, are not FDIC insured, and are treated as fixed-rate debt for U.S. federal income tax purposes.

JPMorgan Chase & Co. is issuing $2,000,000 of callable zero-coupon notes due February 13, 2051. Each note has a $1,000 principal amount but is sold at an original issue price of $225.356, creating original issue discount and a stated yield to maturity of 6.05% per year, compounded semiannually.

The notes pay no periodic interest. If held to maturity and not previously redeemed, investors receive 100% of principal on February 13, 2051, subject to the stated conventions. Starting February 13, 2028, and on February 13 and August 13 each year through August 13, 2050, the issuer may redeem all notes at the applicable accreted principal amount shown in the accretion schedule. Under JPMorgan’s preferred “single point of entry” resolution strategy, these unsecured obligations would absorb losses after equity and are structurally junior to creditors of subsidiaries in a stress or resolution scenario.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the Class A common stock of Meta Platforms, Inc. The notes provide at least 1.25x leveraged upside exposure if held to maturity, with a 10.00% downside buffer and a 1.11111 downside leverage factor beyond that.

The notes may be automatically called on February 25, 2027 if Meta’s share price is at or above the $649.81 Stock Strike Price, paying $1,000 plus a call premium of at least 24.12% per note. If not called, investors receive leveraged gains when the Final Stock Price is above the strike, principal back when it is up to 10.00% below, and increasing losses beyond that, potentially losing all principal. The minimum denomination is $10,000, they pay no interest or dividends, and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The indicative estimated value is approximately $976.30 per $1,000 principal amount, and will not be less than $960.00 when finalized.

JPMorgan Chase Financial Company LLC is offering $750,000 of auto callable yield notes linked to the least performing of Apple, Meta and NVIDIA, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 14.25% per annum, via monthly coupons of $11.875 per $1,000, as long as they remain outstanding.

The notes may be automatically called beginning February 8, 2027 if each stock closes at or above its strike value on a review date, returning $1,000 plus the monthly interest. If not called and any stock finishes below 60% of its strike on the final review date, repayment of principal is reduced in line with the worst-performing stock, and investors can lose most or all of their investment. The notes are unsecured, not FDIC insured, and the estimated value is $974.80 per $1,000, below the $1,000 issue price, with limited expected liquidity and extensive risk disclosures.

JPMorgan Chase & Co. is offering $2,000,000 of callable fixed-rate notes maturing on February 13, 2036. The notes pay 5.10% per annum, with interest paid annually on February 13, starting in 2027, using a 30/360 day-count convention.

JPMorgan may redeem the notes at par plus accrued interest on February 13 and August 13 each year from 2028 through 2035. The public offering price is $1,000 per note, with expected issuer proceeds of $1,992,000. The notes are unsecured, not FDIC insured, and in a resolution scenario, holders rank behind creditors of JPMorgan’s subsidiaries.

JPMorgan Chase & Co. is offering $15,000,000 of callable fixed rate notes due February 13, 2036. The notes pay 5.00% per annum, with interest paid annually on February 13, starting in 2027, based on a 30/360 day count convention.

Beginning February 13, 2028, and on each February 13 and August 13 through 2035, JPMorgan may redeem all (but not part) of the notes at par plus accrued interest. If not called, investors receive principal plus accrued interest at maturity.

The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to liabilities of its subsidiaries and not insured by the FDIC. Under the firm’s preferred "single point of entry" resolution strategy, losses in a failure scenario would be borne by equity holders and then unsecured creditors, including holders of these notes.

The price to the public is $1,000 per note, with total proceeds of $14,884,500 to the issuer and selling commissions of $7.694 per $1,000 note. Certain institutional and fee-based accounts may pay $999 per $1,000 note with reduced or waived selling commissions. Special tax counsel expects the notes to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the TOPIX® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price around February 19, 2026 and mature on February 24, 2028, with a minimum denomination of $1,000.

On the February 25, 2027 review date, if the Index is at or above a call value, the notes are automatically called and pay $1,000 plus a call premium of at least $123.50 per note. If not called and held to maturity, investors receive 1.25 times any positive Index return, full principal back if the Index decline is within a 15% buffer, and a proportional loss beyond that buffer, up to 85% of principal.

The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $976.90 per $1,000 note and will not be less than $950.00, reflecting embedded costs, hedging assumptions and an internal funding rate. The filing highlights significant risks, including potential illiquidity, issuer credit risk, complex tax treatment and exposure to non-U.S. equity and Japanese market conditions through TOPIX.

JPMorgan Chase Financial Company LLC is issuing $500,000 of auto callable accelerated barrier notes linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000 and an expected settlement date of February 17, 2026.

The notes may be automatically called on February 17, 2027 if Blackstone’s share price is at or above 90% of its initial value, paying $1,000 plus a $210 call premium per $1,000 note. If not called and the final stock price on February 12, 2029 exceeds the initial value of $133.47, investors receive an uncapped payoff equal to 2.0 times the stock’s positive return at maturity on February 15, 2029.

If the notes are not called and the final price is at or above 60% of the initial value, principal is returned. If the final price is below this 60% barrier, repayment is reduced one-for-one with the stock loss, and all principal can be lost. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and will not be listed. The estimated value at pricing was $984.20 per $1,000, below the issue price because it includes structuring fees, hedging costs and dealer profits.

JPMorgan Chase Financial Company LLC is issuing $714,000 of auto callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® Utilities Select Sector SPDR® ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon at an annual rate of 8.60% (0.71667% per month) only if, on a Review Date, the closing value of each underlying is at or above 70% of its Initial Value, which is the Interest Barrier. Starting August 11, 2026, the notes are automatically called if, on certain Review Dates, each underlying is at or above its Initial Value, returning $1,000 per note plus the relevant contingent interest.

If the notes are not called and, on the final Review Date, the Final Value of any underlying is below its Trigger Value (also 70% of Initial Value), repayment of principal is reduced one-for-one with the decline of the least performing underlying, and investors can lose most or all of their principal. The price to public is $1,000 per note, with estimated value at issuance of $946.50, reflecting embedded costs, fees and hedging. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., pay no fixed interest or dividends, are not FDIC insured and are expected to be illiquid.

JPMorgan Chase Financial Company LLC is offering $2,338,000 of auto-callable review notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on February 14, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 denominations at $1,000 per note, with an estimated value of $909.50.

The notes can be automatically called on scheduled Review Dates starting February 16, 2027 if the Index is at or above its Initial Value, paying $1,000 plus a fixed premium of up to 115% of principal by the final Review Date. They offer a 15% downside buffer at maturity, but holders can lose up to 85% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which drag on performance.

JPMorgan Chase Financial Company LLC is offering $1,092,000 of auto callable contingent interest notes due January 14, 2028, linked to the least performing of the S&P 500 Index, the State Street Technology Select Sector SPDR ETF and the VanEck Gold Miners ETF.

The notes pay a contingent monthly coupon at a rate of 12.85% per annum only when the closing value of each underlying on a review date is at least 60% of its initial value. Starting May 11, 2026, the notes are automatically called if each underlying is at or above its initial value, returning $1,000 per note plus that period’s interest.

If the notes are not called and, at maturity, any underlying finishes below 60% of its initial value, repayment of principal is reduced one-for-one with the decline of the worst performer, and investors can lose all of their investment. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and the estimated value at pricing was $950.20 per $1,000 note, below the $1,000 price to the public.

JPMorgan Chase Financial Company LLC is offering $3,084,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 9.50% per annum (0.79167% monthly) only when the Index is at or above 70% of its initial value on a review date, with missed coupons potentially paid later if the condition is later met. The notes may be automatically called starting February 11, 2027 if the Index is at or above its initial value, returning $1,000 per note plus due interest.

If the notes are not called and the final Index level falls below 85% of the initial value, investors lose 1% of principal for each 1% decline beyond this buffer, up to an 85% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes are unsecured, not FDIC insured, and have an estimated value of $912.30 per $1,000 at pricing.

JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is issuing $1,015,000 of callable contingent interest notes maturing in 2031, linked to the worst performer of the Dow Jones Industrial Average, Nasdaq‑100 and Russell 2000.

The notes pay a monthly contingent coupon at a 6.15% annual rate (0.5125% per month) only when each index closes at or above 60% of its initial level on the relevant review date. Starting in February 2027, the issuer can redeem the notes on certain interest payment dates at $1,000 plus any due coupon.

If the notes are not called and on the final review date any index finishes below 60% of its initial level, repayment of principal is reduced one‑for‑one with the decline of the worst index, down to a potential total loss. The notes are unsecured, will not be listed, and secondary market prices are expected to be below the $1,000 issue price, which includes selling commissions of $40.75 per $1,000. The issuer’s estimated value is $930 per $1,000, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $3,085,000 of callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and was priced with an estimated value of $909.60.

The notes can be automatically called as early as February 16, 2027 if the Index closes at or above the Call Value, paying $1,000 plus a Call Premium Amount that steps up from 17.00000% to 85.00000% of principal over forty‑nine Review Dates. The notes pay no interest and do not provide any participation in Index gains beyond these fixed call premiums.

If the notes are not called, principal is protected only by a 15.00% downside buffer at maturity. If the Final Index Value is more than 15.00% below the Initial Value, repayment is reduced dollar‑for‑dollar, with up to 85.00% of principal lost. Returns also face structural drag because the Index embeds a 6.0% per annum daily deduction and a notional financing cost tied to SOFR, and the notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $680,000 of auto callable contingent interest notes linked to Blackstone Inc. common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest coupon at 11.25% per annum (2.8125% per quarter) only if Blackstone’s share price on a Review Date is at or above 65% of the Strike Value. Missed coupons can be paid later if the barrier is met on a future Review Date. The notes are automatically called, returning principal plus the applicable coupon, if on certain Review Dates the stock closes at or above the Strike Value, with the earliest call date on February 10, 2027.

If the notes are not called and Blackstone’s final share price is below the 65% Trigger Value, repayment of principal is reduced 1% for each 1% the stock has fallen from the Strike Value, potentially leading to a full loss of principal. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, but the estimated value at pricing is $948.80 per $1,000, reflecting embedded fees, costs and hedging profits.

JPMorgan Chase Financial Company LLC is offering $4,054,000 of auto callable contingent interest notes due August 16, 2027, linked to the lesser performance of Bank of America and Morgan Stanley common stock. The notes are unsecured and fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors may receive a 10.00% per annum contingent interest (2.50% per quarter) only when each stock closes at or above 60% of its Initial Value on a Review Date. The notes auto-call if both stocks are at or above their Initial Values, and investors can lose a significant portion or all principal if, at maturity, either stock finishes below its Trigger Value. The estimated value is $970.10 per $1,000 note versus a $1,000 price to the public, and the notes are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger PLUS linked to the EURO STOXX 50® Index, maturing on March 3, 2032. These are unsecured, principal-at-risk structured notes with a $1,000 stated principal amount per security.

The notes pay no interest. At maturity, if the index is above its initial level, investors receive $1,000 plus a leveraged gain of at least 184.25% of the index percent increase. If the index is below or equal to its initial level but at or above 75% of that level, investors receive $1,000.

If the final index value is below 75% of the initial level, repayment is reduced in line with the index decline, and investors can lose most or all of their principal. The initial estimated value is expected to be below the $1,000 issue price because it includes commissions, structuring fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering unsecured, auto-callable notes linked individually to the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called on scheduled Review Dates starting on August 17, 2026 if the closing level of each index is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium Amount that starts at at least 4.10% of principal and can reach at least 24.60% by the final Review Date.

If the notes are not called, investors receive full principal at maturity only if the Final Value of each index is at or above 70% of its Initial Value. If either index finishes below this 70% barrier, the maturity payment is reduced dollar-for-dollar by the negative return of the lesser performing index, so investors can lose more than 30% and up to all of their principal. The notes pay no interest, pass through no dividends, are not bank deposits, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is approximately $957.80 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000 note.

JPMorgan Chase Financial Company LLC is issuing $5,034,000 of auto callable contingent interest notes linked separately to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment at a rate of 9.80% per annum (0.81667% per month) only if, on a Review Date, the closing level of each index is at or above 70% of its Initial Value. Starting February 11, 2027, the notes are automatically called if, on a Review Date (other than the first through eleventh and final), each index is at or above its Initial Value, returning $1,000 plus the applicable interest and ending further payments.

If the notes are not called and on the final Review Date any index finishes below its Trigger Value (also 70% of Initial Value), investors receive $1,000 plus $1,000 times the Least Performing Index Return and can lose some or all principal. The notes are unsecured, unsubordinated obligations, not bank deposits, not FDIC insured, and any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, with an estimated value of $975.50.

JPMorgan Financial is offering unsecured, unsubordinated callable contingent interest notes due February 1, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.. The notes are linked separately to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index.

Investors may receive monthly Contingent Interest Payments only if on a Review Date the closing level of each index is at or above its Interest Barrier, set at 75% of its Initial Value. The issuer can redeem the notes early on specified Interest Payment Dates, starting June 1, 2026, paying principal plus any due contingent interest.

If the notes are not redeemed early, principal repayment at maturity depends on the Least Performing Index. If its Final Value is at or above a Trigger Value of 70% of its Initial Value, investors receive full principal (and any final interest). If it falls below the Trigger Value, repayment is reduced one-for-one with the index loss, and investors can lose most or all of their principal. The preliminary estimated value is about $962.80 per $1,000 note and will not be less than $900.00 when set, reflecting structuring, distribution and hedging costs. The notes offer no dividends, limited upside to contingent interest, significant market and sector risks, and full exposure to JPMorgan credit risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked separately to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on February 28, 2031.

The notes pay monthly contingent interest at a rate to be set at pricing, but at least 7.35% per annum (0.6125% per month), only if on a review date each index closes at or above 70% of its initial level. JPMorgan may redeem the notes early on certain interest payment dates starting March 2, 2027.

If held to maturity and not redeemed early, principal is protected only if the final level of each index is at or above 65% of its initial value; otherwise repayment is reduced in line with the loss on the worst-performing index, and investors can lose all principal. The estimated value, if priced today, is $933.20 per $1,000 note, and at pricing will not be less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., plans to issue auto callable contingent interest notes linked to the least performing of Alcoa, Berkshire Hathaway Class B and Dell Technologies Class C common stock, maturing on February 23, 2028. The notes are offered in $1,000 minimum denominations and can be automatically called as early as August 17, 2026 if each stock is at or above its initial value on a review date.

The notes pay a contingent interest rate of at least 24.00% per year, or at least 6.00% per quarter, but only when all three stocks close at or above 60.00% of their initial value, the interest barrier. The same 60.00% level acts as a trigger for principal protection at maturity. If, at maturity, any stock finishes below its trigger value and the notes have not been called, principal is reduced 1% for every 1% decline in the least performing stock, which can result in a total loss of the investment.

The issuer discloses that, if priced today, the estimated value would be about $924.50 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000. The notes are unsecured, will not be listed on any exchange, and involve significant credit, market, liquidity and tax risks, including the possibility of receiving no interest payments at all.

JPMorgan Chase & Co. is offering callable fixed-rate notes due February 27, 2046. The notes pay interest annually at a rate of 5.50% per year on each February 27, starting in 2027, using a 30/360 day-count convention.

JPMorgan may redeem the notes in whole, but not in part, on February 27 and August 27 of each year from 2028 through 2045 at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., structurally subordinated to liabilities of its subsidiaries and not insured by any governmental agency.

JPMorgan Chase & Co. is offering callable fixed rate notes that pay 4.40% per year and mature on February 25, 2033. Interest is paid annually on February 27, starting in 2027, with payments based on a 30/360 day-count convention.

Beginning February 27, 2028, and on every February 27 and August 27 through 2032, JPMorgan may redeem the notes at par plus accrued interest, so investors may not receive interest for the full term. The notes are unsecured obligations, structurally junior to subsidiary creditors, and could absorb losses under the firm’s Dodd-Frank resolution strategies.

JPMorgan Chase & Co. is offering long-dated callable zero coupon notes due February 27, 2056. Each note has a $1,000 principal amount but is issued at $159.956, reflecting a 6.30% annual yield to maturity on a 30/360 basis.

The notes pay no periodic interest. Instead, value builds through an accreting principal schedule, and JPMorgan may redeem them annually on February 27 from 2028 through 2055 at the stated accreted principal amounts. If not called, investors receive 100% of principal at maturity, subject to conventions.

The notes are unsecured obligations of JPMorgan Chase & Co., subordinated in a resolution scenario to claims of its subsidiaries’ creditors and secured and priority creditors. They are issued with original issue discount for U.S. federal tax purposes and are not bank deposits or FDIC insured.

JPMorgan Chase & Co. is offering callable fixed-rate notes due February 27, 2041. The notes pay interest annually at a rate of 5.25% per annum, calculated on a 30/360 basis, with interest paid in arrears each February 27 starting in 2027.

The issuer may redeem the notes at par plus accrued interest, in whole but not in part, on the 27th of February, May, August and November each year from May 27, 2028 through November 27, 2040. The price to the public is targeted at $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts paying between $962.60 and $1,000. Selling commissions are expected to be about $14.50 per $1,000 note and will not exceed $45.00.

The notes are unsecured obligations of JPMorgan Chase & Co., not bank deposits and not insured by the FDIC. In a resolution scenario, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, which are structurally subordinated to creditors of subsidiaries and to priority and secured claims.