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

JPMorgan Chase Financial Company LLC outlines preliminary terms for auto callable accelerated barrier notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing in February 2028 and fully guaranteed by JPMorgan Chase & Co.

The notes have a minimum denomination of $1,000 and may be automatically called on a February 2027 review date if each index closes at or above its call value, paying $1,000 plus a call premium of at least $176. If not called and each final index value exceeds its initial value, holders receive 2.00 times the least-performing index’s gain; if any index finishes between 70.00% and 100.00% of its initial value, principal is returned.

If the notes are not called and any index closes below 70.00% of its initial value, repayment is reduced 1% for each 1% decline in the least-performing index, up to a total loss of principal. An indicative estimated value is approximately $970.90 per $1,000 note, and the final estimated value will not be less than $900.00, reflecting embedded costs, hedging and dealer compensation.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of PayPal Holdings, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 10, 2027, in $1,000 minimum denominations.

Investors may receive a quarterly Contingent Interest Payment if PayPal’s share price on a Review Date is at or above 70% of the Strike Value, with unpaid coupons accruing if later barriers are met. The notes can be automatically called as early as February 5, 2027 if PayPal’s price is at or above the Strike Value, returning $1,000 plus applicable interest.

If the notes are not called and the final PayPal price is below a 60% Trigger Value, principal is reduced 1% for each 1% decline from the Strike Value, potentially resulting in a total loss. A hypothetical Contingent Interest Rate of 14.50% per annum is used in examples, and the preliminary estimated value is about $980 per $1,000 note, not less than $950 at pricing. The notes carry JPMorgan credit risk, pay no dividends, may be illiquid, and involve complex U.S. tax treatment.

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 matures in February 2031.

Investors may receive quarterly contingent interest at a rate of at least 9.50% per year, but only when the Index closes at or above 50% of its initial level. Starting in February 2027, the notes are automatically called if the Index on a review date (other than the first three and final) is at or above a preset call level, returning $1,000 plus that period’s interest.

If the notes are not called and the Index ends below a trigger level, principal is reduced one-for-one with the Index loss, potentially to zero. The underlying Index uses leveraged E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which can significantly drag performance. The indicative estimated value is about $910 per $1,000 note and will not be less than $900.

JPMorgan Chase Financial Company LLC is issuing $450,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of 8.70% per year, credited monthly, only when the Index is at or above 60% of its initial level on an Interest Review Date.

The notes may be automatically called quarterly from February 4, 2027 if the Index is at least at its initial level, returning principal plus due and unpaid coupons. If not called and the Index at maturity falls more than 15% below its initial level, investors lose 1% of principal for each additional 1% decline, up to an 85% loss.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, uses leverage up to 500% and a 35% target volatility, and is expected to lag a similar index without these charges. The notes are unsecured, unlisted, subject to JPMorgan credit risk, and had an estimated value of $912 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is issuing $555,000 of auto callable contingent interest notes linked to DoorDash Class A stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of $35 per $1,000 (a 14.00% annual rate, 3.50% per quarter) when DoorDash’s share price on a review date is at or above 75.00% of the $207.68 strike value.

The notes may be automatically called as early as April 29, 2026 if the stock is at or above the strike, returning principal plus due and unpaid coupons. If held to maturity on February 1, 2029 and the final stock value is below 50.00% of the strike, investors lose principal in line with the stock decline and could lose their entire investment. The notes priced at $1,000 per unit, with estimated value of $941.10, and will not pay dividends or provide voting rights in DoorDash.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Broadcom Inc. (AVGO), maturing in February 2028.

The notes may pay quarterly contingent interest at a rate of at least 13.50% per annum (at least $33.75 per $1,000 per quarter) if Broadcom’s share price on a review date is at or above 50% of the initial value. Missed coupons can be paid later if this condition is met on a subsequent review date.

The notes are automatically called, with return of principal plus due coupons, if on any review date other than the first and final the Broadcom share price is at or above the initial value. If held to maturity and not called, investors receive full principal plus due coupons if the final stock price is at or above 50% of the initial value, but will lose 1% of principal for every 1% decline below the initial value if the final value is under that 50% trigger, potentially losing all principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The issuer estimates that, if priced on the described terms, the value would be approximately $960 per $1,000 note, and the final estimated value will not be less than $940 per $1,000.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the least performing of the VanEck Gold Miners ETF, the Nasdaq-100 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes run to March 17, 2027 and offer at least 1.486× leveraged upside if all three underlyings finish above their initial values, and a dual-directional feature that can provide positive returns for declines of up to 20% in the worst performer. Below this 20% buffer, investors lose 1% of principal for each additional 1% decline, with up to 80% loss of principal.

The minimum denomination is $1,000. The issuer discloses an illustrative estimated value of about $976.50 per $1,000 note if priced today, and states the final estimated value on pricing will not be less than $900. The notes pay no interest, provide no dividends, are not listed on any exchange and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the common stock of Blackstone Inc. (BX), maturing on February 15, 2029, in $1,000 minimum denominations.

The notes may be automatically called on February 17, 2027 if Blackstone’s share price is at or above 90% of the initial price, paying $1,000 plus a call premium of at least $210. If not called, investors get 2.0x any positive stock return at maturity. Principal is protected only down to a 60% barrier; if the final stock price is below this level, losses match the full stock decline and investors can lose all principal. The notes pay no interest or dividends, are unsecured, and carry the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The indicative estimated value is approximately $984.20 per $1,000 note and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the worst performer of three State Street sector ETFs: Energy, Materials and Utilities. The notes pay a contingent coupon on each review date only if every ETF closes at or above 70% of its Initial Value.

The notes may be automatically called as early as May 12, 2026 if each ETF is at or above its Initial Value, returning $1,000 per note plus the applicable interest and ending further payments. If the notes are not called and any ETF finishes below its 70% trigger at maturity, principal is reduced one-for-one with the loss on the least performing ETF and can fall to zero.

The preliminary estimated value is about $973.90 per $1,000 note, with a final estimated value not less than $900.00. A hypothetical contingent interest rate of 11.90% per annum is illustrated. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry sector, market, credit, liquidity and tax risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing on February 19, 2031.

The notes pay a contingent interest rate of at least 7.45% per year, but only for review dates when each index stays at or above 60% of its initial level. If any index finishes below its 50% trigger level at maturity and the notes have not been called, investors lose principal in line with that decline and can lose their entire investment.

JPMorgan may redeem the notes early on specified interest payment dates, beginning around February 19, 2027. The preliminary estimated value is about $960 per $1,000 note and will not be less than $940 per $1,000 when terms are set, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in February 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes can pay a contingent interest rate of at least 9.00% per annum when the Index is at or above 65% of its initial level on review dates, and may be automatically called starting in February 2027 if the Index is at or above its initial level. Principal is exposed to losses if, at maturity, the Index has fallen more than 15% from its initial level, with up to 85% of principal at risk. The Index itself is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The preliminary estimated value is about $914.10 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering structured "Review Notes" linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and may be automatically called on quarterly Review Dates starting February 16, 2027.

If on any Review Date the Blackstone share price is at or above the applicable Call Value (generally 90% of the initial price, 80% on the final date), investors receive $1,000 plus a fixed Call Premium Amount that steps up over time, up to at least 91% of principal by the final Review Date. If the notes are not called and the final share price is at or above 75% of the initial price, investors receive their principal back at maturity in February 2033.

If the notes are not called and the final share price is below 75% of the initial price, repayment is $1,000 plus $1,000 times the stock return, exposing holders to losses greater than 25% and potentially a full loss of principal. The notes pay no interest, do not pass through dividends, are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and are expected to have an estimated value below the $1,000 issue price, with an illustration of approximately $957.10 per note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Uber Technologies, Inc. The notes target a contingent interest rate of at least 13.50% per annum, paid quarterly if Uber’s share price on a review date is at or above 70.00% of its initial level.

The notes can be automatically called as early as August 6, 2026 if Uber’s share price is at or above the initial value on specified review dates, returning principal plus the applicable contingent interest. If the notes are not called and Uber’s final share price is below 70.00% of the initial value, repayment at maturity is reduced one-for-one with Uber’s decline, and investors can lose most or all of their principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $960.00 per $1,000 note and will not be less than $940.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of ServiceNow, Inc. The notes pay a contingent interest of 13.00% per annum (3.25% quarterly) when the stock closes at or above an interest barrier set at up to 51.00% of the initial share price on each review date.

The notes may be automatically called starting August 6, 2026 if the stock is at or above its initial value, returning $1,000 per note plus due interest. If not called and the final stock price is below the trigger value (also at most 51.00% of the initial value), investors lose 1% of principal for each 1% stock decline and can lose their entire investment. The indicative estimated value is about $960 per $1,000 note, not less than $940 at pricing, reflecting embedded fees and hedging costs.

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., maturing on February 11, 2031.

The notes can pay contingent interest of at least 15.00% per annum, credited monthly, but only if on a Review Date the Index is at or above 70% of its Initial Value. The notes are automatically called, with principal repaid plus that period’s interest, if on certain Review Dates the Index is at or above its Initial Value, starting as early as February 8, 2027.

Principal is protected only down to a 30% buffer. If the Final Value is below 70% of the Initial Value at maturity, losses accelerate at a 1.42857× downside leverage rate, and investors can lose some or all principal. The Index itself is reduced by a 6.0% per annum daily deduction, which drags performance. The preliminary estimated value is about $923 per $1,000 note and will not be less than $900, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due February 19, 2027, linked to the Class A common stock of CrowdStrike Holdings, Inc. These are principal-at-risk, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors may receive a contingent quarterly payment of at least 2.5625% of the $1,000 stated principal amount (at least $25.625 per security) on each determination date when CrowdStrike’s closing price is at or above 50% of the initial stock price, the downside threshold level. If on any non-final determination date the stock closes at or above the initial stock price, the notes are automatically redeemed for $1,000 plus that quarter’s contingent payment.

If the notes are not called and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final contingent payment at maturity. If the final stock price is below the downside threshold, repayment is reduced 1-for-1 with the stock’s decline, potentially to zero, so investors can lose their entire principal. Investors do not receive dividends or participate in any stock appreciation, and secondary market liquidity and tax treatment are significant additional risks.

JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due February 16, 2029, linked to the common stock of MongoDB, Inc. These principal-at-risk notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors may receive a contingent quarterly payment of at least $42.75 per $1,000 security (at least 4.275%) for each determination date on which the MongoDB closing price is at or above 50% of the initial stock price, the downside threshold level. If the stock is below this level on a determination date, no payment is made for that quarter, and investors could receive few or no payments over the term.

If on any non-final determination date the stock closes at or above the initial stock price, the notes are automatically redeemed for $1,000 plus the applicable contingent payment and any previously unpaid contingent payments. If not redeemed early and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final contingent payment (and any unpaid prior payments). If the final stock price is below the downside threshold, repayment is reduced one-for-one with the stock decline, and the maturity payment can be less than 50% of principal or zero.

The issue price is $1,000 per security, with selling commissions up to $17.50 and a $5.00 structuring fee per $1,000. If priced on the date assumed in the document and using the minimum contingent payment, the estimated value would be about $949.60 per $1,000 security, and on the actual pricing date will not be less than $920.00 per $1,000. The securities will not be listed on any exchange, and any return depends on both the performance of MongoDB stock and the credit of JPMorgan Chase Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the common stock of Blackstone Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as February 17, 2027 if Blackstone’s share price is at or above 90% of its initial level, paying back principal plus at least $210 per $1,000 note.

If not called and Blackstone’s final price is above its initial level, investors receive 2.0 times the stock’s percentage gain at maturity in February 2030. Principal is repaid only if the final price is at or above 70% of the initial level; below that barrier, losses match the stock’s decline and can reach 100% of principal. The notes pay no interest or dividends, are unsecured obligations, and all payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering five-year Trigger Autocallable Contingent Yield Notes linked to the lesser performer of the Nikkei 225 Index and the EURO STOXX 50® Index, with $10 denominations and a $1,000 minimum investment.

The notes pay quarterly contingent coupons only if both indexes stay at or above a coupon barrier set at 70% of each initial level, with an expected coupon rate between 7.05% and 8.05% per year. The notes can be called automatically each quarter after six months if both indexes are at or above their initial levels, returning principal plus that period’s coupon.

If the notes are not called, investors receive full principal at maturity only if the final level of each index is at or above a downside threshold and coupon barrier set at 60% and 70% of the initial levels, respectively; otherwise, principal is reduced in line with the loss on the weaker index. The offering price is $10 per note, with $0.225 in fees and commissions and an initial estimated value of about $9.367 per $10 note, not less than $9.00, and the issuer stresses that the notes are significantly riskier than conventional debt and subject to its and the guarantor’s credit risk.

JPMorgan Chase Financial Company LLC is offering Capped Buffer GEARS, two-year structured notes linked to the SPDR® Gold Trust. These unsecured notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., provide 2.00x leveraged upside to gold ETF performance, subject to a Maximum Gain between 28.00% and 32.50%.

If the ETF falls but stays at or above 90% of its initial level at maturity, investors receive full principal back; below that 10% buffer, losses increase 1% for each additional 1% decline, up to a loss of 90% of principal. The notes pay no interest, are not exchange-listed, and all payments depend on the credit of JPMorgan entities.

The issue price is $10 per Security, with $0.20 per Security in selling commissions to UBS and $9.80 per Security in proceeds to the issuer. The indicative estimated value is about $9.64 per $10 Security and will not be less than $9.30 when finalized, reflecting structuring, hedging costs and dealer profits. The tax discussion indicates treatment as an “open transaction” with potential constructive ownership and collectibles-rate implications.

JPMorgan Chase Financial Company LLC plans to issue digital barrier notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on May 24, 2027 and fully guaranteed by JPMorgan Chase & Co.

If, on the May 19, 2027 observation date, the final level of each index is at least 75% of its initial level, investors receive a fixed return of at least 11.55%, or $1,115.50 per $1,000 note. If either index finishes below 75% of its initial level, repayment is reduced one-for-one with the decline of the lesser-performing index, and investors can lose all principal.

The notes pay no interest, do not pass through dividends, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000, and selling commissions will not exceed $12.50 per $1,000 note. The issuer estimates the current value at about $985.90 per $1,000 note, and states the final estimated value at pricing will not be less than $960.00.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the J.P. Morgan Multi‑Asset Index due March 4, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and repay $1,000 principal at maturity plus an Additional Amount equal to $1,000 × Index Return × Participation Rate (not less than zero).

The Pricing Date is expected on or about February 27, 2026 with settlement on or about March 4, 2026. The Participation Rate will be at least 406.00%. The estimated value shown is approximately $940.30 per $1,000 note (will not be less than $900.00 per $1,000 when set). Selling commissions will not exceed $30.00 per $1,000 note. Investors bear the credit risk of the issuer and guarantor and should review the detailed "Risk Factors" sections referenced in the supplement.

JPMorgan Chase Financial Company LLC is offering structured “Review Notes” linked to the lesser performer of the S&P 500 Equal Weight Index and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as March 2027 if both indices are at or above preset call levels, paying at least 9.65%, 19.30% or 28.95% of principal on the three review dates.

If not called and either index finishes below 70% of its initial level at maturity in March 2029, investors lose 1% of principal for each 1% decline in the lesser-performing index and can lose their entire investment. The notes pay no interest or dividends, are unsecured, not FDIC insured, and an initial estimated value is indicated at about $950 per $1,000 note, with a minimum final estimated value of $930.

JPMorgan Chase Financial Company LLC is offering capped accelerated barrier notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500. The notes are expected to price on or about February 6, 2026 and settle on or about February 11, 2026, with a maturity on or about February 9, 2029.

The terms include an Upside Leverage Factor of 3.00, a stated Maximum Return of at least 47.50 (equivalent to at least $1,475.00 per $1,000 note), and a Barrier Amount equal to 60.00 of each Index's Initial Value. Payment at maturity is determined by the Least Performing Index; if any Index falls below the Barrier Amount, principal losses occur on a 1:1 basis with the Least Performing Index return. The notes are unsecured obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co..

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the lesser performer of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide uncapped upside at least 1.03 times any positive lesser-index return and a dual-directional feature that pays the absolute value of index declines up to a 15.00% buffer, capping gains at $1,150 per $1,000 if the lesser index is negative. If either index falls more than 15%, investors lose 1% of principal for each additional 1% decline, up to an 85% loss at maturity.

Investors forgo interest and dividends, face credit risk of both JPMorgan entities, and the notes will not be listed, so liquidity may be limited and secondary prices may be well below issue price. An example estimated value is $987.90 per $1,000, and the final estimated value will not be less than $950, reflecting built-in selling, structuring, and hedging costs.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the MSCI EAFE® Index and the EURO STOXX 50® Index, maturing on February 15, 2029, and fully guaranteed by JPMorgan Chase & Co.

The notes provide at least 1.70x any positive return of the lesser-performing index and a positive, uncapped return for index declines up to a 15.00% buffer, but expose investors to losses beyond that level, up to 85.00% of principal. They pay no interest or dividends, are unsecured, and will not be listed on any exchange. If priced on the indicated date, the estimated value would be about $980.20 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 offering auto callable contingent interest notes linked to the lesser performing of Bank of America and Morgan Stanley common stock, maturing on August 16, 2027, in minimum denominations of $1,000.

The notes pay a contingent interest rate of at least 10.00% per annum, or at least $25.00 per $1,000 each quarter, but only if on a Review Date the closing price of one share of each stock is at or above 60.00% of its Initial Value. Missed coupons can be “made up” later if this condition is met on a future Review Date.

The notes are auto callable: if, on any non-final Review Date, the closing price of each stock is at or above its Initial Value, investors receive $1,000 per note plus the due and any unpaid contingent interest, and the notes terminate early. If not called and at maturity either stock’s final price is below 60.00% of its Initial Value, repayment of principal is reduced one-for-one with the decline in the lesser performing stock, and investors can lose more than 40% and up to all of their principal.

The indicative estimated value is approximately $970.00 per $1,000 note at pricing and will not be less than $950.00, reflecting selling commissions, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. and will not be listed on any exchange.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering five-year notes linked to the MerQube US Large-Cap Vol Advantage Index, which uses leveraged E-Mini S&P 500 futures and applies a 6.0% per annum daily deduction.

The notes are callable quarterly after an initial one-year non-call period. If, on a Review Date, the index is at or above its initial level, investors receive $1,000 plus a Call Premium of at least 19.40% per annum and the notes are automatically redeemed. The barrier at maturity is 50.00% of the initial index value; if the final index level is below this, repayment is reduced one-for-one with the index loss, and investors can lose all principal.

The estimated value will not be less than $870.00 per $1,000 note when terms are set, which is likely below the purchase price. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the notes pay no interest or dividends and may be illiquid.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Buffered Notes linked to the S&P 500® Index with a total offering size of $2,500,000, priced at $1,000 per note.

The notes pay a fixed 8.11% contingent digital return at maturity per $1,000 note (maximum payment $1,081.10) if the S&P 500 ending level is at or above the strike level of 6,976.44, or down by up to a 10% buffer. If the index falls by more than 10%, investors lose principal at a 1.11111% rate for each additional 1% decline, up to total loss.

The notes pay no interest or dividends, have a minimum denomination of $10,000, and are unsecured, unsubordinated obligations of the issuer. They price on February 3, 2026, settle on or about February 6, 2026, and mature on February 19, 2027. The estimated value at pricing is $985.90 per $1,000 note, below the issue price due to selling, structuring and hedging costs. Liquidity is limited because the notes will not be listed, and any secondary market would primarily depend on JPMS.

JPMorgan Chase Financial Company LLC is offering $4,417,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for early automatic call at a premium if, on any Review Date from February 3, 2028 through February 3, 2033, the Index closes at or above the Call Value, set at 100% of the Initial Value of 11,948.96.

If automatically called, holders receive $1,000 plus a Call Premium Amount based on a 22.50% Call Premium Rate; the first Review Date premium is $450 per $1,000 note and the final Review Date premium is $1,571.4286. If not called and the Final Value is at or above the Barrier Amount, set at 60% of the Initial Value (7,169.376), investors receive principal only. If the Final Value is below the Barrier Amount, repayment equals $1,000 plus $1,000 times the Index Return, so investors can lose more than 40% and up to all principal.

The Index incorporates a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund component, which drag performance and cause it to lag a similar index without these charges. The notes are priced at $1,000 with $20 in fees and commissions, while the estimated value is $929 per $1,000 note, and they are not insured or bank deposits.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Buffered Return Enhanced Notes linked to the Bloomberg Commodity Index. The notes provide leveraged upside exposure, with an Upside Leverage Factor of at least 1.10 on any positive index return at maturity.

Investors are protected by a 10% buffer on index declines, but beyond that point losses accelerate at a Downside Leverage Factor of 1.11111, and principal can be lost in full. The notes are scheduled to price on or about February 5, 2026, mature on February 10, 2028, and use the index level on the February 7, 2028 observation date to determine payout.

If the notes priced on the date referenced, the estimated value would be approximately $971.10 per $1,000 note, and the final estimated value will not be less than $960.00. The issuer highlights complex tax treatment, potential adverse future tax guidance, lack of liquidity, and the difference between estimated value and original issue price as key risks.

JPMorgan Chase Financial Company LLC is offering $1,277,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured and unsubordinated obligations with $1,000 minimum denominations.

The notes may be automatically called as early as February 4, 2027 if the Index closes at or above the call value, paying $1,000 plus a call premium based on a 23.50% call premium rate. If held to February 8, 2033 and not called, investors get 3.00 times any Index gain, principal back if the Index is at or above 50% of its initial level, and lose principal one-for-one below that barrier.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance and can cause declines even when the underlying strategy is flat or modestly positive. The price to public is $1,000 per note, including $20 in selling commissions, while the estimated value at pricing was $919.60 per $1,000, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $500,000 of Uncapped Return Enhanced Notes linked to the Nasdaq-100 Futures Excess Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 3.17x any positive index return at maturity on February 7, 2036.

Holders forgo interest payments and can lose some or all principal if the index falls below its initial level of 677.3256. The price to the public is $1,000 per note, including $25 in fees and commissions, while the estimated value at pricing was $949.10 per $1,000 note, reflecting selling, structuring and hedging costs.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on any exchange, and any secondary market is expected to be limited, with typical resale prices below the original issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the worst performer of Centene, Invesco and Coinbase Class A common stock, maturing on February 10, 2028.

The notes pay a quarterly contingent coupon of at least 26.75% per annum (at least $66.875 per $1,000) only if each stock closes at or above 60% of its initial value on a review date. Starting August 5, 2026, the notes are automatically called if each stock is at or above its initial value, returning principal plus due and unpaid contingent interest.

If held to maturity and no automatic call occurs, investors receive principal back plus contingent interest only if every stock finishes at or above its 60% trigger; otherwise repayment is reduced one-for-one with the decline of the worst stock, with losses that can reach 100% of principal. The minimum denomination is $1,000, the notes are unsecured, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced today, would be about $916.20 per $1,000, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Equity Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and returns at least 95.00% of any Index gain at maturity, with no cap.

The notes provide a 20.00% downside buffer: if the S&P 500® falls by 20.00% or less from the strike level, investors receive their principal back at maturity. If the Index declines by more than 20.00%, principal is reduced 1% for every additional 1% drop, up to an 80.00% loss.

The notes pay no interest and do not provide any dividends from the S&P 500® companies. They are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the date described, the estimated value would be about $980.00 per $1,000 note, and will not be less than $950.00 per $1,000 note when set.

JPMorgan Chase Financial Company LLC is offering $1,401,000 of Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called any Review Date from February 4, 2027 through February 3, 2033 if the Index is at or above the Call Value.

Holders receive no interest or dividends and face downside exposure below a Barrier Amount set at 60% of the Initial Value of 11,948.96, meaning they can lose a significant portion or all principal at maturity. A fixed 6.0% per annum daily deduction and a notional financing cost drag on Index performance versus similar exposure without these charges.

The price to public is $1,000 per note, including $20 in fees and commissions, while the estimated value at pricing was $924.50 per $1,000, reflecting selling, structuring and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and are not bank deposits or insured by any government agency.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to the Class A common stock of Block, Inc. The total offering is $1,878,000, in $10 denominations with a minimum investment of $1,000.

The Notes pay a quarterly contingent coupon at a 12.10% per annum rate (or $0.3025 per $10) only if Block’s share price on an Observation Date is at or above the Coupon Barrier of $30.20, which is 50% of the Initial Value of $60.40. The Notes are automatically called if Block’s share price on any Observation Date is at or above the Initial Value, returning principal plus that period’s coupon.

If the Notes are not called and Block’s final share price is at or above the $30.20 Downside Threshold, investors receive principal plus the final coupon at maturity on February 5, 2027. If the final price is below the Downside Threshold, repayment is reduced in line with Block’s decline, and investors can lose most or all of their principal.

The Notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed on an exchange. The price to public is $10 per Note, including $0.15 in fees and commissions, while the estimated value at pricing was $9.671 per $10 Note.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price around February 24, 2026 and mature on February 27, 2031.

At maturity, investors receive leveraged upside of at least 1.65 times any positive index return, with full principal repaid if the index is at or above 70% of its initial level. If the index finishes below this 70% barrier, repayment falls one-for-one with the index, and all principal can be lost.

The notes pay no interest, are unsecured and unsubordinated obligations, and are not bank deposits or FDIC insured. An example estimated value is approximately $934.60 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000 at issuance.

JPMorgan Chase Financial Company LLC is offering $3,860,000 of Digital Equity Notes due November 8, 2027, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest and are issued at 100% of principal with selling commissions of 2.21%, so net proceeds to the issuer are 97.79% of principal. For each $1,000 note, if the S&P 500 final level on November 4, 2027 is at least 90% of the initial level of 6,917.81, investors receive a fixed threshold settlement amount of $1,131.50, capping upside at a 13.15% return.

If the index declines by more than 10%, principal is exposed to losses at a buffer rate of approximately 1.1111% for each additional 1% decline, down to total loss if the index falls to zero. The estimated value at pricing is $974.10 per $1,000 note, reflecting selling costs and hedging. The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., are not FDIC insured, and will not be listed on any exchange, with secondary liquidity expected, if at all, mainly through J.P. Morgan Securities LLC.

JPMorgan Chase Financial Company LLC is offering $997,000 of Uncapped Buffered Digital Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 each, with $5 in selling commissions and $995 in proceeds to the issuer per note.

The notes pay no interest and mature on February 6, 2032. At maturity, investors receive a 45.00% Contingent Digital Return if the index is at or above its initial level, or down by up to 15%. Above 145% of the initial level, they also receive 3.40x the index gain above 45%, with no upside cap.

If the index falls more than 15% below the initial level, principal is reduced 1% for each additional 1% decline, up to an 85.00% loss of principal. The initial index level was 561.30 on February 3, 2026, and the notes are unsecured obligations exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $968.30 per $1,000 note, below the issue price due to embedded costs.

JPMorgan Chase Financial Company LLC is offering $1,500,000 of Series A digital equity notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, is issued at 100.00% and pays no interest.

At maturity on July 23, 2032, investors receive $1,541.00 per $1,000 note if the S&P 500 final level is at least 85.00% of the initial level of 6,917.81, capping the maximum payoff at 154.10% of principal. If the index falls more than 15.00%, repayment is reduced 1% for every 1% decline, down to zero, so investors could lose their entire investment.

The estimated value at pricing is $936.60 per $1,000 note, below the issue price, reflecting selling commissions of 5.00% and hedging and structuring costs. The notes are not FDIC insured, will not be listed, have no issuer call feature, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex and uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC is issuing $2,773,000 of digital equity notes due July 30, 2027, linked to the MSCI EAFE® Index and fully guaranteed by JPMorgan Chase & Co. The notes pay no interest.

At maturity, each $1,000 note pays $1,125.70 if the index is at or above 90% of its initial level of 3,061.48. If the index falls more than 10%, principal losses are amplified: for every 1% drop beyond that buffer, investors lose about 1.1111% of principal, up to a total loss. Returns are capped at 112.57% of principal even if the index rises more. The estimated value at pricing was $992.20 per $1,000, the notes are unsecured, not FDIC‑insured, not listed, have no early redemption, and are subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk and complex, uncertain tax treatment.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the common stock of Microsoft Corporation. The notes do not pay interest or dividends and expose investors to Microsoft’s share price performance.

The notes can be automatically called on February 17, 2027 if Microsoft’s share price is at or above the stock strike price, paying $1,000 per note plus a call premium of at least 14.35%. If not called and held to February 9, 2028, investors receive uncapped upside linked to Microsoft’s stock return, subject to a contingent minimum return of at least 28.70% when the final stock price is at or above the strike.

The structure includes a 15.00% downside buffer; below that level, losses are magnified by a downside leverage factor of 1.17647, so investors can lose some or all principal. The stock strike price is $414.19, and the estimated value per $1,000 note, if priced on the example date, would be approximately $975.60, with a minimum estimated value at issuance of $960.00. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and will not be listed on any securities exchange.

JPMorgan Chase Financial Company LLC is issuing $31,115,000 of Series A Digital Equity Notes due November 8, 2027, linked to the S&P 500® Index and fully guaranteed by JPMorgan Chase & Co. The notes have a $1,000 principal amount each and do not pay interest.

The return depends on S&P 500 performance from the February 3, 2026 trade date to the November 4, 2027 determination date, starting from an initial level of 6,917.81. If the final index level is at least 90% of the initial level, holders receive a fixed $1,144.50 per $1,000 note, capping upside even if the index rises more.

If the index falls more than 10%, principal loss is magnified by a buffer rate of about 1.1111, and investors can lose their entire investment. The estimated value at pricing is $983.40 per $1,000 note, the notes are not listed or redeemable early, and payments are subject to the credit risk of both the issuer and guarantor. The tax treatment is uncertain and relies on treatment as an open transaction for U.S. federal income tax purposes.

JPMorgan Chase & Co. is offering $25,000,000 of callable fixed rate notes due February 5, 2031. The notes pay 4.20% per annum, with interest paid in arrears every February 5 and August 5, starting August 5, 2026, using a 30/360 day count.

The notes may be called at the issuer’s option on February 5, 2029 at par plus accrued interest. Each note is issued at $1,000, with $2.30 per note in selling commissions, resulting in $24,942,500 in proceeds to the issuer. The notes are unsecured obligations, not bank deposits, not FDIC insured, and in a resolution scenario losses would be borne by equity holders first and then unsecured creditors, including noteholders.

JPMorgan Chase Financial Company LLC is issuing $6,375,000 of Series A medium‑term “digital” notes linked to the iShares 20+ Year Treasury Bond ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest and mature on February 3, 2028

The original issue price is 100% of principal, with a 1.47% selling commission and net proceeds of 98.53%. The bank’s estimated value is $975.70 per $1,000, reflecting embedded selling, structuring and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., are not listed, have no redemption feature, and involve complex U.S. tax and market risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $7,220,000 of Russell 2000®-linked Digital Equity Notes maturing on November 8, 2027. Each note has a $1,000 principal amount and pays no interest.

At maturity, if the Russell 2000® final level is at least 85.00% of its initial level of 2,648.499, holders receive a fixed $1,151.50 per $1,000 note (a 15.15% maximum gain). If the index falls by more than 15%, principal is lost on a leveraged basis at about 1.1765% per 1% additional decline, down to a possible total loss.

The notes are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed on an exchange. The estimated value at pricing was $980.30 per $1,000 note, reflecting selling commissions, structuring and hedging costs, and an internal funding rate. The U.S. tax treatment is uncertain and may be affected by future IRS or Treasury actions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Uncapped Accelerated Barrier Notes linked to the Nasdaq‑100 Futures Excess Index, maturing in May 2036. The notes offer at least 3.33x leveraged upside on any index gain at maturity, with no cap on potential positive return.

If the index finish level is at or above 70% of its initial level, investors receive full principal back, and if it is above the initial level they also receive leveraged gains. If the index closes below the 70% barrier on the observation date, repayment is reduced one‑for‑one with the index loss, and all principal can be lost.

The notes pay no interest, are unsecured obligations of the finance subsidiary, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $970 per $1,000 note and will not be less than $950, reflecting embedded fees, hedging costs and dealer compensation. Liquidity is limited because the notes will not be listed, and secondary prices are expected to be below the issue price. The tax treatment is uncertain, with JPMorgan intending to treat the notes as open transactions, and investors are warned about significant product, market, liquidity and tax risks.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked separately to the S&P 500® Index and the EURO STOXX 50® Index, maturing in February 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay monthly contingent interest only if, on a Review Date, both indices close at or above 75% of their Initial Values, with a Contingent Interest Rate of at least 9.55% per annum. If either index finishes below its Trigger Value of 70% at final maturity and the notes have not been called, investors lose 1% of principal for each 1% decline in the lesser performing index, up to total loss.

The issuer may redeem the notes quarterly starting in August 2026, paying $1,000 per note plus any due contingent interest. Minimum denomination is $1,000, and the preliminary estimated value is about $960 per $1,000 note, and will not be less than $940 per $1,000 note when finalized, reflecting embedded costs and hedging.