Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC is offering $20,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes pay a 10.50% per annum contingent coupon (2.625% quarterly) only when the Index is at or above 60% of its Initial Value on a Review Date.

The notes can be automatically called as early as July 27, 2026 if the Index is at or above its Initial Value, returning $1,000 per note plus the applicable coupon. If not called and the Final Index Value is below the 60% Trigger Value, repayment is reduced 1% for each 1% Index decline, potentially to zero.

The Index applies a 6.0% per annum daily deduction, creating a drag on performance and causing it to lag a similar index without a fee. The notes are unsecured, unsubordinated obligations, with an estimated value of $918.20 per $1,000 at pricing, reflecting selling commissions, hedging costs and JPMorgan’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering $2,400,000 of S&P 500®-linked capped enhanced participation equity notes due January 14, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and was initially priced at 100% of principal, with estimated value of $995.10.

The notes pay no interest and expose holders to the full downside of the S&P 500: if the index finishes below its initial level of 6,950.23, principal is lost one-for-one. Upside is leveraged at a 3.00 participation rate but capped at a maximum settlement amount of $1,258.90 per $1,000, reached once the index gains 8.63% or more.

The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed on an exchange. Secondary market liquidity, pricing, tax treatment and conflicts of interest are key risks, and investors are urged to review detailed risk and tax discussions.

JPMorgan Chase Financial Company LLC is issuing $300,000 of Capped Dual Directional 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.

The notes provide unleveraged exposure to index moves with a Maximum Upside Return of 20.00%. If the index is flat or down by up to the 15.00% buffer, investors earn a positive return equal to the index’s absolute decline. If the index falls more than 15%, principal is reduced 1% for each additional 1% drop, for a potential loss of up to 85.00% at maturity.

The notes pay no interest and do not pass through dividends on S&P 500 companies. They are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $7.50 in selling commissions, with estimated value at issuance of $985.60 per note.

JPMorgan Chase Financial Company LLC is issuing $550,000 of Auto Callable Contingent Interest Notes linked to the common stock of Constellation Energy Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and minimum denominations of $1,000.

The notes pay a 16.00% per annum contingent interest rate (4.00% per quarter) only if Constellation Energy’s share price on a Review Date is at or above 60.00% of the Initial Value of $285.27, an Interest Barrier and Trigger Value of $171.162. The notes are automatically called, starting July 27, 2026, if on any non‑final Review Date the stock closes at or above the Initial Value, returning $1,000 plus the contingent coupon for that period.

If the notes are not called and the Final Value is at or above the Trigger Value, investors receive $1,000 plus the final contingent coupon at maturity on January 31, 2029. If the Final Value is below the Trigger Value, repayment is reduced dollar‑for‑dollar with the stock decline, and investors can lose more than 40% and up to all principal. The price to public is $1,000 per note, including $27.50 in selling commissions, with an estimated value of $954.50 per $1,000 based on JPMorgan’s internal models. Payments are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing in February 2029. The notes may be automatically called in February 2027 if both indices are at or above a specified Call Value, paying $1,000 plus a Call Premium Amount of at least $125 per $1,000 note.

If not called and both final index levels exceed their initial values, holders receive $1,000 plus 1.5 times the gain of the lesser-performing index. If either index finishes at or below its initial value but at or above its barrier level (illustrated as 70% of initial), principal is returned. If either index ends below its barrier, repayment is reduced one-for-one with the loss on the lesser-performing index, up to total loss of principal.

The notes pay no interest or dividends and are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to issuer and guarantor credit risk. They are sold in $1,000 minimum denominations through fee-based advisory accounts, with a structuring fee of $8 per $1,000 potentially paid to dealers. The preliminary estimated value is approximately $982.10 per $1,000 note and will not be less than $900 when finalized, reflecting structuring and hedging costs and an internal funding rate. The notes will not be listed, and secondary market liquidity and prices may be limited and below the issue price.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $5,000,000 of Callable Range Accrual Notes at $1,000 per note, with net proceeds of $4,750,000 after fees.

The notes pay monthly interest only for days when the 10-Year CMT Rate is at or below 4.85%, subject to a 0.00% minimum rate and step-up maximum rates of 10.00%, 12.00% and 14.00% per annum over the life of the notes. JPMorgan may redeem the notes monthly from January 29, 2028 through the January 29, 2046 maturity at par plus accrued interest. Principal is repaid at maturity plus any unpaid interest, but payments depend entirely on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value is $918.80 per $1,000 note, reflecting selling commissions and hedging costs.

JPMorgan Chase Financial Company LLC is offering $825,000 of auto callable contingent interest notes linked to the Class A common stock of Reddit, Inc., due January 31, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a high contingent coupon of 23.50% per annum (5.875% per quarter), but only if on a review date Reddit’s share price is at or above 55.00% of the initial value of $213.63, which sets the interest barrier and trigger value at $117.4965. Missed interest can be made up later if the barrier is met on a future review date.

The notes can be automatically called on any review date after the first, if Reddit’s share price is at least the initial value, returning $1,000 per note plus current and any unpaid coupons. If not called and the final stock price is below the trigger value, repayment is reduced one-for-one with Reddit’s decline, and investors can lose more than 45% and up to all principal.

The price to the public is $1,000 per note, including $23.50 in selling commissions, for issuer proceeds of $976.50 per note. The estimated value at pricing is $965.80 per $1,000, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., plans to issue capped notes linked to the spot price of Grade A Copper (Bloomberg: LOCADY). Each note has a $1,000 denomination and a term running to an Observation Date on August 4, 2027 and Maturity Date on August 9, 2027.

At maturity, investors receive $1,000 plus a copper-linked gain with a 100% participation rate, capped by a Maximum Amount of at least $213 per $1,000 note, implying a maximum payment of at least $1,213. If copper falls, the payoff is $1,000 plus the copper return but not less than $950, so investors can lose up to 5% of principal, subject to the credit risks of JPMorgan entities. The notes are not FDIC insured, are not commodity futures or swaps, and may have limited, potentially discounted secondary market values; the estimated value would be about $979.20 per $1,000 note if priced today and will not be less than $960 when finalized.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Lyft, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent interest tied to Lyft’s share price performance.

Holders receive a quarterly Contingent Interest Payment of at least $61.75 per $1,000 note (at least 24.70% per annum) whenever Lyft’s closing price on a Review Date is at or above the Interest Barrier, set at 60.00% of the Strike Value, or $10.524. Missed interest can be paid later if the barrier is met on a subsequent Review Date.

The notes are automatically called if Lyft’s share price on any non-initial, non-final Review Date is at or above the Strike Value of $17.54, returning $1,000 plus due and unpaid contingent interest. If not called and the Final Value is below the Trigger Value (also 60.00% of the Strike), repayment is reduced one-for-one with Lyft’s decline, and investors may lose more than 40% or all principal. The notes are unsecured, not FDIC insured, thinly traded, and subject to JPMorgan credit risk. The indicative estimated value is about $985.70 per $1,000 note, and when finalized will not be less than $950.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Equal Weight Index, maturing November 7, 2028.

Investors may receive monthly contingent interest at a rate of at least 8.75% per annum (0.72917% per month) only when the closing level of each index on a review date is at or above 75% of its initial value. Missed coupons can be paid later if the barrier is met on a future date. JPMorgan may redeem the notes early on specified interest payment dates beginning August 6, 2026, paying $1,000 plus due contingent interest.

If the notes are not called and the worst-performing index finishes at or above 60% of its initial value, investors receive full principal back (plus any due interest). If the worst index ends below 60%, repayment is reduced one-for-one with the decline, down to a total loss of principal. The indicative estimated value is about $971.10 per $1,000 note and will not be less than $900, reflecting embedded costs, and the notes carry credit risk of both the issuer and guarantor, no listing, and significant market, sector, and tax risks.

JPMorgan Chase Financial Company LLC is offering $1,075,000 of auto callable contingent interest notes linked separately to the State Street Consumer Discretionary, Energy and Technology Select Sector SPDR ETFs, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 11.55% per annum (2.8875% per quarter) only if, on a Review Date, each ETF closes at or above 72.00% of its Strike Value. If any ETF finishes below its Trigger Value (also 72.00% of Strike) at final maturity and the notes were not called earlier, investors lose principal in proportion to the decline of the least performing ETF, potentially up to a total loss.

The notes may be automatically called on any non-final Review Date if each ETF is at or above its Strike Value, returning $1,000 per note plus due contingent interest and any unpaid prior contingent interest. The price to public is $1,000 per note, including $17 in selling commissions, while the issuer’s estimated value is $966.80 per $1,000, reflecting embedded costs, hedging and an internal funding rate. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., offer no dividends or ETF ownership rights and are not FDIC insured.

JPMorgan Chase Financial Company LLC is issuing $1,077,000 of auto callable contingent interest notes linked to Dell Technologies Class C common stock, fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and pays a monthly contingent coupon at a 18.00% per annum rate if Dell’s share price on the review date is at or above 60% of the initial price.

The notes can be automatically called as early as July 27, 2026 if Dell’s share price is at or above the initial value on specified review dates, returning $1,000 plus that period’s interest. If the notes are not called and Dell’s final share price is below the 60% trigger level, investors lose 1% of principal for every 1% decline from the initial value, up to a total loss.

The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $12.50 in selling commissions, with net proceeds of $987.50 per note and an estimated value of $966.50 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC plans to issue callable contingent interest notes due January 4, 2028, linked to the worst performer of the iShares MSCI EAFE ETF, the S&P 500 Index and the EURO STOXX 50 Index, fully guaranteed by JPMorgan Chase & Co.

The notes can pay monthly contingent interest (illustrated at 8.50% per annum) only when each index or ETF stays at or above 70% of its initial level, and may be redeemed early at the issuer’s option after May 5, 2026. If not called and any underlying finishes below its 70% trigger, principal is reduced one-for-one with that decline, potentially to zero.

The preliminary estimated value is about $974.70 per $1,000 note, with the final estimated value to be at least $900, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, not FDIC‑insured, and entail market, credit, liquidity, currency and tax risks.

JPMorgan Chase Financial Company LLC is offering $865,000 of auto callable contingent interest notes linked to the common stock of Micron Technology, Inc., maturing January 31, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a high contingent coupon at a rate of 19.75% per annum (4.9375% per quarter) only if Micron’s share price on a Review Date is at or above an Interest Barrier set at 50% of the Initial Value. Missed coupons can be paid later if conditions are met. The notes are automatically called, returning $1,000 per note plus due interest, if Micron’s price on any non-initial, non-final Review Date is at or above the Initial Value, with the earliest call date on July 27, 2026.

If the notes are not called and Micron’s final price is below a Trigger Value set at 50% of the Initial Value, investors lose 1% of principal for each 1% decline from the Initial Value, up to total loss. The estimated value is $950.70 per $1,000 note, below the $1,000 price to public, reflecting selling commissions of $23.50 per note and hedging and structuring costs. The notes are unsecured, not FDIC-insured, and expose holders to both Micron’s share performance and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to February 3, 2028 and are issued in $1,000 minimum denominations.

At maturity, investors receive 1.50x any S&P 500® gain, capped at a maximum return of at least 21.15% (at least $1,211.50 per $1,000 note). A 20% downside buffer protects against moderate declines, but if the Index falls more than 20%, losses accelerate at about 1.25% for each additional 1% drop.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The preliminary estimated value is about $993.10 per $1,000 note, and will not be less than $970.00 when finalized.

JPMorgan Chase Financial Company LLC is offering unsecured Callable Contingent Interest Notes linked to the lesser performance of the iShares Silver Trust (SLV) and SPDR Gold Trust (GLD), fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment of at least 2.19583% (at least 26.35% per annum) per $1,000 if, on each Review Date, the closing price of one share of both funds is at or above 60% of its Initial Value. If either fund is below this Interest Barrier, no interest is paid for that period.

JPMorgan may redeem the notes early on specified Interest Payment Dates beginning May 5, 2026, returning $1,000 plus any due interest. If held to maturity on August 4, 2027 and either fund finishes below 60% of its Initial Value, investors lose 1% of principal for each 1% decline in the lesser-performing fund, potentially losing all principal. The preliminary estimated value is about $970.40 per $1,000 note and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC is offering uncapped accelerated barrier notes linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide at least 2.016x any positive return of the least performing index at maturity if all three finish above their initial levels. If any index closes below its 70% barrier on the observation date, principal is reduced one-for-one with the least performing index, and investors can lose all of their investment. The preliminary estimated value is about $975.80 per $1,000 note, with a minimum final estimated value of $900.00, and the notes pay no interest or dividends and are subject to the credit risk of both issuers.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering uncapped dual directional buffered return enhanced notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on February 3, 2028.

The notes provide at least 1.23x leveraged upside if both indices finish above their initial levels, and a positive, uncapped return equal to the absolute decline of the weaker index for losses up to a 10% buffer. If either index falls by more than 10%, investors lose 1% of principal for each additional 1% drop, up to a 90% loss. The notes pay no interest or dividends, are unsecured, not FDIC-insured, and any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co. A preliminary estimated value is about $981.80 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering uncapped digital barrier notes linked to the lesser performing of the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if both indices finish at or above their initial levels, investors receive their principal plus the greater of a 36.00% Contingent Digital Return or the actual return of the lesser performing index. If either index finishes below its initial level but both remain at or above 75% of their initial values, investors receive only their principal back. If either index closes below 75% of its initial value, principal is reduced one-for-one with the decline of the lesser performing index, potentially to zero.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange and may trade at prices below the original $1,000 price, with an estimated initial value of approximately $968.80 per $1,000 note and not less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering uncapped accelerated barrier notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, maturing in February 2029.

The notes pay no interest or dividends. At maturity, if both indices finish at or above 90% of their initial levels, investors receive at least their principal. If the lesser-performing index finishes above its initial level, the notes pay 1.635 times that index’s gain. If either index finishes below 90% of its initial level, principal is reduced one-for-one with the decline of the lesser-performing index, potentially to zero.

The minimum denomination is $1,000. The issuer’s current illustration shows an estimated value of about $980 per $1,000 note, and the final estimated value will not be less than $950 per $1,000. Investors face full issuer and guarantor credit risk, limited secondary market liquidity, and complex tax treatment.

JPMorgan Chase Financial Company LLC is offering unsecured Uncapped Digital Barrier Notes linked to the worst performer of the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide uncapped, unleveraged exposure to any gain in the least performing index at maturity, with a contingent digital return of at least 44.75% if all three indices finish at or above their initial levels. If any index finishes below its initial level but all remain at or above 75% of initial, investors receive only principal back.

If any index finishes below 75% of its initial level, principal is reduced 1% for every 1% decline in the least performing index, down to a total loss. The notes pay no interest or dividends, are not bank deposits or FDIC insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is approximately $962.80 per $1,000 note, and will not be less than $900.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing in February 2029.

The notes target at least 1.245x any positive return of the worst-performing index when all three end above their initial levels. If index moves are between 0% and a 20% decline for the worst index, investors receive a positive return equal to the absolute decline, capped at 20% (maximum $1,200 per $1,000 note in those scenarios).

If any index falls by more than 20%, investors lose 1% of principal for each percentage point beyond the 20% buffer, with up to an 80% loss of principal. The notes pay no interest or dividends, are unsecured, not FDIC insured, and their value is subject to the credit risk of both the issuer and guarantor. Indicatively, if priced on the reference date, the estimated value would be about $981.20 per $1,000 note and will not be less than $950.00 per $1,000 at pricing, reflecting selling costs and hedging-related factors.

JPMorgan Chase Financial Company LLC plans to issue auto callable yield notes linked to the worst performer of CrowdStrike, Micron and Moderna stock, fully guaranteed by JPMorgan Chase & Co. The notes target an interest rate of at least 21.75% per annum, paid monthly at a rate of at least 1.8125% per $1,000 note, until automatic call or maturity on February 1, 2028.

The notes are automatically called, and principal returned, if on any review date before maturity each stock’s closing price is at or above its initial value. If not called, principal is protected only if, at final valuation, every stock remains at or above 50% of its initial value. If any stock finishes below this 50% trigger, repayment is reduced one-for-one with the decline of the worst-performing stock, and investors can lose most or all of their principal. The notes are unsecured, not FDIC insured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $965.50 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 buffered return enhanced notes linked to the S&P 500® Index. The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to issuer and guarantor credit risk.

The notes can be automatically called on February 8, 2027 if the S&P 500® closing level is at or above the strike, paying $1,000 plus a call premium of at least 9.93% per note on February 11, 2027. If not called and the index ends above the strike on January 26, 2028, investors receive $1,000 plus the index gain multiplied by an upside leverage factor of at least 1.50.

If the notes are not called and the index finishes at or up to 20% below the strike, principal is returned at maturity on January 31, 2028. If the index is more than 20% below the strike, repayment is reduced 1% for each 1% decline, leading to partial or total loss of principal. The estimated value, based on internal models, is indicated as below the $1,000 issue price, reflecting selling commissions, hedging costs and an internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., plans to issue Uncapped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500^® Futures Excess Return Index, maturing on August 2, 2028, in $1,000 minimum denominations.

The notes offer at least 1.2555x any positive index return, and for index moves between 0% and -15%, they pay the absolute index move, capping gains in that range at 15% ($1,150 per $1,000). If the index falls more than 15%, principal losses match the decline beyond that buffer, up to an 85% loss.

The notes pay no interest, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may trade below the $1,000 issue price. If priced today, the estimated value would be about $985 per $1,000 note and will not be less than $900 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on February 2, 2029, in minimum denominations of $1,000.

The notes provide at least 1.045x leveraged upside if the index rises, and a positive, uncapped return equal to the index’s absolute loss when it falls by up to the 25.00% buffer, capped at a 25.00% gain in that downside scenario. If the index declines by more than 25.00%, investors lose 1% of principal for each additional 1% drop, up to a 75.00% loss. The preliminary estimated value is about $977.90 per $1,000 note and will not be less than $900.00 when finalized, and the notes pay no interest, are unsecured, unlisted, and 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 contingent buffered return enhanced notes linked to the Nasdaq-100 Index®. Each note has a $1,000 denomination and a preliminary estimated value of about $978.50, with a minimum estimated value of $960.00.

The notes may be automatically called on February 8, 2027 if the index is at or above the strike, paying back $1,000 plus at least a 12.35% call premium. If not called and held to January 31, 2028, investors get leveraged upside at an Upside Leverage Factor of at least 1.50, full principal back if the index is down by up to 20.00%, and 1-for-1 losses beyond that buffer.

The notes are unsecured obligations, not bank deposits or FDIC insured, and secondary market prices may be below the issue price. JPMorgan expects Section 871(m) withholding generally not to apply to Non-U.S. Holders, but this is not binding on the IRS and tax outcomes can vary by investor.

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.

On the February 9, 2027 Review Date, if the Index closing level is at or above the Initial Index Level, the notes are automatically called and pay $1,000 plus a call premium of at least 14.77% on the February 12, 2027 Call Settlement Date.

If not called and the Ending Index Level on the January 27, 2028 Valuation Date is above the Initial Index Level, investors receive $1,000 + ($1,000 × Index Return × at least 1.50), providing uncapped leveraged upside. If the Index is flat or down by up to 20.00%, principal is returned at maturity on February 1, 2028.

If the Index has fallen more than 20.00%, principal is reduced 1% for each 1% Index decline, potentially resulting in a complete loss. The notes are unsecured obligations, not bank deposits or FDIC insured. The estimated value would be about $980.50 per $1,000 if priced on the described date and will not be less than $970.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC plans to issue auto callable contingent interest notes linked to the common stock of Netflix, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on February 7, 2029.

The notes pay a quarterly contingent interest rate of at least 12.50% per year (at least 3.125% per quarter) only if Netflix’s share price on a review date is at or above 60% of the initial value. Missed coupons can be paid later if this barrier is met on a future review date.

The notes are auto callable on any review date from August 3, 2026 (excluding the first and final review dates) if Netflix’s closing price is at or above the initial value, returning $1,000 plus the due and any unpaid contingent interest. If held to maturity and the final Netflix price is below 60% of the initial value, investors’ repayment is reduced one-for-one with the stock’s decline, and they can lose most or all of their principal.

The preliminary estimated value would be about $970 per $1,000 note, and will not be less than $950, reflecting selling commissions, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., will not be listed on an exchange, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc., maturing on February 7, 2029 and guaranteed by JPMorgan Chase & Co. Each note has a $1,000 minimum denomination.

Investors may receive a contingent interest payment on each review date if Meta’s share price is at or above 60% of the initial value, called the Interest Barrier. Missed interest can be paid later if the barrier is met on a subsequent review date, but interest is not guaranteed and may be zero for the entire term.

The notes are automatically called, with repayment of principal plus interest, if Meta’s share price on any review date from August 3, 2026 (excluding the first and final review dates) is at or above the initial value. If the notes are not called and the final share price is below 60% of the initial value, investors lose 1% of principal for each 1% decline from the initial value and can lose their entire investment. The estimated value is about $980 per $1,000 note if priced today and will not be less than $950 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering unsecured capped notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes aim to return principal at maturity and provide equity-linked upside up to a maximum return of at least 21.50%.

Investors forgo periodic interest and dividends and receive at maturity either only their $1,000 principal per note if the index is flat or down, or principal plus an additional amount based on index appreciation, capped at a hypothetical $215 per $1,000 note. If priced today, the estimated value would be approximately $973.40 per $1,000, reflecting selling, structuring and hedging costs and the issuer’s internal funding rate.

The notes will not be listed, may have limited liquidity, and secondary market prices are expected to be below the original issue price. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are expected to be treated as contingent payment debt instruments for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, in $1,000 minimum denominations, maturing in February 2029.

The notes provide at least 1.883x leveraged upside on any gain of the least performing index if all three finish above their initial levels. Principal is protected only if each index stays at or above 70% of its initial level on the observation date; otherwise, repayment is reduced one-for-one with the loss of the worst index, potentially to zero.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured. If priced on the stated date, the estimated value would be about $970.80 per $1,000 note, reflecting embedded selling commissions and hedging costs, and secondary market liquidity may be limited and at prices below the original issue price.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the S&P 500® Equal Weight Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target 1.25x any index gains at maturity, capped at a Maximum Upside Return of at least 15.30%.

They also provide a dual-directional feature: if the index is flat or down by up to 10%, investors receive an unleveraged positive return equal to the index’s absolute decline, up to 10%. Beyond a 10% index loss, principal declines at 1.11111% for each additional 1% drop, so investors can lose some or all principal.

The notes pay no interest or dividends, are unsecured, will not be listed on an exchange, and secondary market prices are expected to be below the $1,000 price to public. The estimated value would be about $980 per $1,000 note if priced on the date shown, and not less than $950 when set, reflecting selling costs and internal hedging and funding assumptions.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an uncapped leveraged upside and a buffered, dual-direction payoff at maturity.

At maturity, if the index has risen, investors receive principal plus at least 1.525 times any positive index return. If the index is flat or down by up to the 20% buffer, they receive principal plus the absolute value of the index move, capped at $1,200 per $1,000 when the index is down exactly 20%.

If the index falls by more than 20%, investors lose 1% of principal for each 1% decline beyond the buffer, for a maximum loss of 80%. The notes pay no interest, are not FDIC insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $940 per $1,000 note and will not be less than $920, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing in February 2031.

The notes provide at least 1.80x any positive Index performance at maturity, with a 20% downside buffer. If the Index falls more than 20%, investors lose 1% of principal for each additional 1% decline, up to an 80% loss.

The notes pay no interest, are unsecured, not FDIC insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. A preliminary estimated value example is $972.40 per $1,000 note, with the final estimated value to be at least $900, reflecting selling costs and hedging expenses. The underlying Index tracks E-mini® S&P 500® futures and is subject to futures-specific risks such as negative roll returns, market disruptions and potential divergence from the S&P 500® Index.

JPMorgan Chase Financial Company LLC is offering contingent income auto-callable securities linked to the common stock of Valero Energy Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. These unsecured notes expose investors to the issuer’s and guarantor’s credit risk and place principal at risk.

The securities have a stated principal amount of $1,000 per note and an aggregate principal amount of $4,490,000. Investors may receive a contingent quarterly payment of $26.875 per note, equal to 2.6875% of principal, on each determination date where Valero’s closing price is at or above 60% of the initial stock price. That downside threshold is set at $112.254, based on an initial stock price of $187.09.

If on any non-final determination date Valero’s closing price is at or above the initial stock price, the notes are automatically redeemed for $1,000 plus the applicable contingent payment, and no further payments occur. If the notes are not called and the final stock price is at or above the downside threshold, investors receive principal plus the final contingent payment at maturity on January 26, 2029.

If the notes are not called and the final stock price is below the downside threshold, repayment is reduced 1-to-1 with Valero’s share decline, via the stock performance factor (final stock price divided by initial stock price). In that case, investors receive less than 60% of principal and could lose their entire investment. Investors do not participate in any stock price appreciation or dividends. The issue price is $1,000 per note, while the estimated value on the pricing date is $963.60, reflecting embedded structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $4,140,000 of auto callable contingent interest notes linked to the common shares of Celestica Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on July 28, 2027.

The notes offer a contingent interest rate of 30.00% per annum, paid monthly at 2.50%, but interest is only paid for a Review Date if Celestica’s share price is at or above 60.00% of the Initial Value of $303.09. The notes may be automatically called as early as April 23, 2026 if on a qualifying Review Date (other than the first, second and final) the share price is at or above the Initial Value, returning $1,000 per note plus the applicable coupon.

If the notes are not called and the final share price is at or above 50.00% of the Initial Value, principal is repaid in full, plus any final contingent interest. If the final share price is below that 50.00% trigger, repayment is reduced one-for-one with the stock decline, and investors can lose more than 50.00% and up to all principal. 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, with selling commissions of $22.25 per note and net proceeds of $977.75 per note; the issuer’s estimated value is $937.90 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a term to February 1, 2029, with a potential automatic call on February 4, 2027 if each index is at or above its Call Value. If called, investors receive $1,000 plus a Call Premium Amount of at least $100 per note, and the notes terminate early.

If not called and each index finishes above its initial level at maturity, the payoff equals $1,000 plus 1.98 times the appreciation of the least performing index. A 25% buffer protects principal against moderate declines, but if any index falls more than 25%, principal is reduced 1% for each 1% decline beyond the buffer, up to a 75% loss.

The notes pay no interest and do not provide dividends from index constituents. They are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced on the stated date, is approximately $983.90 per $1,000 note and will not be less than $900.00, reflecting selling costs, hedging costs and issuer funding assumptions. The tax treatment is complex, with counsel viewing the notes as open transactions, and there are detailed risk factors on liquidity, conflicts of interest, market volatility and potential adverse tax or regulatory developments.

JPMorgan Chase Financial Company LLC is offering unsecured Callable Contingent Interest Notes linked separately to the S&P 500 Index and the VanEck Gold Miners ETF, guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only when the closing value of each underlying is at or above 60% of its Initial Value, serving as both the Interest Barrier and Trigger Value in the hypotheticals.

The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting around May 5, 2026, returning $1,000 per note plus any due contingent interest. If held to maturity and not redeemed early, investors receive $1,000 plus the final contingent coupon if each underlying finishes at or above its Trigger Value; otherwise, repayment is reduced one-for-one with the decline in the lesser-performing underlying, potentially down to zero.

The preliminary materials illustrate a minimum Contingent Interest Rate of 12.50% per annum (about 1.04167% per month) and show that if the notes priced on the described date, their estimated value would be about $958.90 per $1,000 note, with a final estimated value not less than $900.00 per $1,000. The document highlights significant risks, including loss of principal, the possibility of no interest payments, credit risk of both JPMorgan Financial and JPMorgan Chase & Co., lack of liquidity, complex tax treatment, and exposure to equity, ETF tracking, currency, and gold and silver mining industry risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,130,000 of Buffered Digital Notes linked to Grade A copper, maturing February 8, 2027. The notes pay a fixed 12.25% return at maturity if copper’s final price is at or above the initial level, or down to a 10% buffer.

Below this buffer, investors lose 1% of principal for each additional 1% copper falls, up to a 90% loss of principal. The notes are unsecured, issued in $1,000 denominations, priced at $1,000 with an estimated value of $986.60, and do not pay periodic interest or provide direct ownership of copper.

JPMorgan Chase Financial Company LLC is issuing $5,728,000 of Auto Callable Contingent Interest Notes linked to Marvell Technology, Inc. stock, due January 27, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest coupon of $35 per $1,000 (14.00% per year, 3.50% per quarter) on each review date if Marvell’s share price is at least 45.00% of the strike value of $83.10, or $37.395. Missed coupons can be paid later if the barrier is met. The notes are automatically called, starting July 22, 2026, if the stock closes at or above the strike on specified review dates, returning $1,000 plus due coupons.

If the notes are not called and the final stock price is at or above the 45.00% trigger, investors receive principal plus the final and any unpaid coupons. If the final price is below the trigger, repayment is reduced one-for-one with the stock decline from the strike, and investors can lose most or all of their principal. The notes are unsecured, not FDIC-insured, have limited liquidity, an estimated value of $966.90 per $1,000 at pricing, and involve complex tax and market risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable GEARS linked to an equally weighted basket of four equity indices: the AEX® Index, KOSPI 200 Index, Swiss Market Index and FTSE® 100 Index.

The notes are issued at $10 per Security, in minimum investments of $1,000, with UBS receiving up to $0.25 per $10 in selling commissions and net proceeds to the issuer of $9.75 per $10. If, on the February 4, 2027 Observation Date, the Basket is at or above 100% of its Initial Basket Value, the notes are automatically called and pay a Call Price equal to principal plus a Call Return between 12.00% and 14.50% (for example, 12.00% would produce $11.20 per $10).

If the notes are not called and, on the Final Valuation Date in January 2031, the Basket Return is positive, investors receive $10 plus the Basket Return multiplied by an Upside Gearing of 1.50. If the Basket Return is zero or negative but the Final Basket Value is at or above the Downside Threshold of 75% of the Initial Basket Value, principal is repaid at $10. If the Final Basket Value is below the Downside Threshold, repayment is $10 plus $10 times the Basket Return, producing a loss proportional to the Basket’s decline and potentially a total loss of principal.

The notes pay no interest, provide no dividends from the underlying indices, are not bank deposits or FDIC insured, and are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The preliminary estimated value is about $9.425 per $10 (and will not be less than $9.10), reflecting structuring, selling and hedging costs. The issuer intends to treat the Securities as “open transactions” for U.S. federal income tax purposes, but alternative tax treatments—including contingent payment debt treatment—are possible, and investors are urged to review detailed tax discussions and risk factors in the related offering documents.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering unsecured market-linked notes tied to the lowest performing of Oracle, ServiceNow and Microsoft common stocks, maturing in February 2029. The securities pay no interest and are designed to auto-call on February 16, 2027 if the lowest performing stock is at or above its starting price, in which case holders receive $1,500 per $1,000 note and the notes terminate early.

If not called, the maturity payment depends on the lowest performing stock at final valuation. If it finishes above its starting price, holders receive $1,000 plus at least 250.50% of that stock’s gain. If it is at or above 50% of its starting price, principal is returned. If it closes below 50% of its starting price, principal losses match the stock’s decline and investors can lose more than 50%, up to all, of their investment. The notes are not bank deposits, are not FDIC insured, and are subject to JPMorgan’s credit risk; the initial estimated value is about $921.10 per $1,000 before final pricing.

JPMorgan Chase Financial Company LLC is issuing $250,000 of structured capped notes linked to the S&P 500^® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for investors seeking equity-index-style upside without downside loss of principal at maturity.

The notes mature on January 28, 2031. At maturity, investors receive $1,000 per note plus an additional amount equal to 110% of the index gain, capped at a maximum extra payment of $500 per $1,000 note, so total repayment cannot exceed $1,500 per note. If the index is flat or lower, investors receive only their $1,000 principal, with no inflation protection.

The price to the public is $1,000 per note, including selling commissions of $36.25, resulting in issuer proceeds of $963.75 per note. The issuer’s estimated value is lower, at $932.70 per $1,000 note, reflecting structuring, distribution and hedging costs. The notes pay no interest, are unsecured and unsubordinated, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. Liquidity may be limited because the notes are not exchange listed, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Capped Return Enhanced Notes linked to the Class A common stock of Coinbase Global, Inc. The notes target 3x any positive stock performance, capped at a maximum return of at least 66.25%, and mature on February 1, 2027.

The Strike Value is the Coinbase closing price of $213.48 on January 26, 2026. If the Final Value is above the Strike Value, holders receive leveraged upside, subject to the cap. If the Final Value equals the Strike Value, investors receive back only the principal. If the Final Value is below the Strike Value, investors lose 1% of principal for each 1% decline, up to a total loss.

The notes pay no interest, do not provide dividend rights or direct cryptocurrency exposure, are unsecured and unsubordinated, and will not be listed on an exchange. The preliminary estimated value is about $970 per $1,000 note, and will not be less than $950 at pricing, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing auto callable buffered equity notes linked to the EURO STOXX 50^® Index. Each note has a $1,000 price to the public, with $15 in fees and $985 in proceeds to the issuer.

The notes may be automatically called on February 5, 2027 if the index is at or above its initial level of 5,948.20, paying back $1,000 plus a 10.58% call premium. If held to the January 27, 2028 maturity and not called, investors receive index-linked exposure with a 21.16% contingent minimum return when the index finishes at or above its initial level, a 15% downside buffer, and losses beyond that at a 1.17647 downside leverage factor.

The total offering size is $5,426,000, and the estimated value at pricing was $979 per $1,000 note, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured obligations, not bank deposits and are not insured by any governmental agency.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Auto-Callable Trigger PLUS linked to the S&P 500® Index with an aggregate principal amount of $3,296,000 and a stated principal amount of $1,000 per security.

The notes pay no interest and mature on July 28, 2027, with potential automatic early redemption on February 4, 2027 at $1,085 per note if the S&P 500 closes at or above its initial level. If held to maturity without early redemption, investors participate in upside at a 125% leverage factor when the index finishes above its initial level.

Principal is only protected if, at maturity, the final index level is at or above 80% of the initial index level (the trigger level of 5,532.49). If the index ends below this trigger, repayment is reduced 1% for every 1% decline, and investors can lose most or all of their investment. The estimated value on the pricing date is $968.60 per $1,000 note, below the issue price due to fees, hedging costs and structuring margins.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing approximately $1,075,000 of auto callable buffered return enhanced notes linked to Broadcom Inc. common stock. The notes have a $1,000 denomination, a strike price of $325.49 and mature on January 27, 2028.

The notes may be automatically called on February 4, 2027 if Broadcom’s share price is at or above the strike, paying $1,000 plus a 34.03% call premium. If not called, investors receive 1.5 times any positive stock return at maturity with no cap, full principal back if the stock is down up to 15%, and a leveraged loss of 1.17647% of principal for every 1% decline beyond that buffer. The notes pay no interest or dividends, are unsecured, and carry issuer and guarantor credit risk. The estimated value is $978.20 per $1,000 note, below the issue price due to selling commissions, hedging costs and dealer profit.

JPMorgan Chase Financial Company LLC is issuing $13,582,000 of Enhanced Jump Securities with an auto-call feature linked to the EURO STOXX 50® and S&P 500® indices. Each $1,000 security can be automatically redeemed on February 4, 2027 for $1,080 if both indices are at or above their initial levels on the first determination date.

If not called and both indices are at or above 70% of their initial values on the final determination date, investors receive $1,160 at maturity on January 27, 2028, corresponding to a return of approximately 8.00% per annum. If either index finishes below its 70% downside threshold, the maturity payment is $1,000 multiplied by the performance of the worse-performing index, which can result in a payment below 70% of principal and potentially zero.

The notes pay no coupons, offer no participation in index gains, are unsecured obligations of JPMorgan Chase Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry principal-at-risk, market, credit, liquidity, tax and valuation risks. The estimated value on the pricing date is $966.10 per $1,000 security, reflecting embedded fees, structuring costs and hedging-related profits.