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

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $245,000 of Auto Callable Yield Notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), maturing on January 27, 2028.

The notes pay interest at 11.35% per annum, or $28.375 per $1,000 each quarter, as long as they have not been called. They are automatically called, with return of principal plus that quarter’s interest, if on any non-final review date AMD’s closing price is at or above the Strike Value of $253.73.

If the notes are not called and AMD’s final price is at or above the Trigger Value of $126.865 (50% of the strike), investors receive full principal plus the last interest payment. If the final price is below the trigger, repayment is reduced one-for-one with AMD’s decline from the strike, and investors can lose more than half, up to all, of their principal. The notes are unsecured obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and were sold at $1,000 per note with selling commissions of $27.50 and an estimated value of $954.90.

JPMorgan Chase Financial Company LLC is offering $1,025,000 of auto callable contingent interest notes linked to Tesla, Inc. common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note pays a monthly contingent interest rate of 15.75% per year (1.3125% per month) only when Tesla’s closing price on a review date is at or above 50% of the initial stock value, called the Interest Barrier.

Starting April 23, 2026, the notes are automatically called if Tesla’s closing price on a review date (other than the first, second and final dates) is at or above the initial value, returning $1,000 plus that month’s contingent interest and ending any future payments. If the notes are not called and Tesla’s final price on the last review date is at or above 50% of the initial value, investors receive $1,000 plus the final contingent interest. If the final price is below 50%, repayment is reduced one-for-one with the stock loss, so investors can lose most or all of their principal.

The notes are unsecured, unsubordinated debt of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The estimated value at pricing was $973 per $1,000 note, below the $1,000 issue price because it includes selling commissions, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $500,000 of auto callable contingent interest notes linked to the lesser-performing of Netflix and Disney, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 10.00% per annum contingent interest (2.50% per quarter) only if, on a Review Date, the closing price of one share of each stock is at or above 50.00% of its Strike Value; missed coupons can be paid later if barriers are met.

The notes are automatically called, returning $1,000 per note plus due and unpaid interest, if on any non-final Review Date both stocks close at or above their Strike Values. If not called, and on the final Review Date either stock finishes below its Trigger Value (50.00% of Strike), repayment of principal is reduced in line with the decline of the lesser-performing stock, and investors can lose most or all of their investment.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., with credit risk to both entities. The price to public is $1,000 per note, including fees and commissions, while the estimated value at pricing was $967.40, and the notes will not be listed on any exchange, limiting liquidity.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes linked to the Class A common stock of Lyft, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 issue price, a term of about one year and a minimum investment of $1,000.

The Notes pay a quarterly contingent coupon only if Lyft’s closing share price on an Observation Date is at or above the Coupon Barrier. The minimum Contingent Coupon Rate is 18.55% per annum, implying at least $0.4638 per $10 per quarter when payable. The Notes are automatically called if Lyft’s closing price on any Observation Date is at or above the Initial Value, in which case investors receive principal plus that period’s coupon and the Notes terminate early.

If not called, and Lyft’s Final Value is at or above the Downside Threshold and Coupon Barrier of $8.95 (50.00% of the Initial Value of $17.90 observed on January 23, 2026), investors receive principal plus the final coupon. If the Final Value is below the Downside Threshold, repayment is reduced in line with Lyft’s decline and investors can lose most or all of their principal. All payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is approximately $9.74 per $10 Note, and will not be less than $9.40 per $10 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering index-linked Review Notes tied to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on February 2, 2029. The notes can be automatically called on scheduled Review Dates if each index is at or above its Call Value, paying back $1,000 per note plus a call premium of at least 15.15%, 30.30% or 45.45%, depending on the call date. If the notes are not called and each final index level is at or above 70% of its initial level, investors receive principal back at maturity; otherwise, repayment is reduced one-for-one with the loss on the worst-performing index, and investors can lose all principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the estimated value on the pricing date will be below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,263,000 of Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® Utilities Select Sector SPDR® ETF, maturing January 26, 2029.

The notes pay a Contingent Interest Rate of 8.50% per annum, credited monthly (0.70833% per month), but only for Review Dates when each underlying closes at or above 70.00% of its Initial Value. Starting July 23, 2026, the notes are automatically called if, on a Review Date (other than the first five and final), each underlying is at or above its Initial Value, returning $1,000 plus that period’s interest.

If not called, and on the final Review Date any underlying finishes below its 70.00% Trigger Value, the payoff is reduced by the full decline of the worst performer, potentially down to zero. The notes are unsecured obligations, expose investors to JPMorgan credit risk, pay no dividends, may never pay interest, and have an estimated value of $949.70 per $1,000, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $385,000 of unsecured callable Contingent Interest Notes linked separately to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully guaranteed by JPMorgan Chase & Co.

Holders receive a Contingent Interest Payment at a 10.35% per annum rate only for Review Dates when each index closes at or above 80% of its Initial Value, and the notes may be redeemed early at the issuer’s option on designated Interest Payment Dates starting April 28, 2026.

If not redeemed and any index finishes below its 85% Buffer Threshold at maturity, principal is reduced 1% for each 1% decline beyond the 15% buffer, with losses up to 85% of principal possible; upside is limited to coupon payments, with no participation in index gains.

Minimum denomination is $1,000, price to public is $1,000 per note, and the estimated value at pricing was $980.30, reflecting embedded costs and hedging; the notes will not be listed, are subject to JPMorgan credit risk and involve complex U.S. tax and withholding treatment, particularly for non-U.S. investors.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $499,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 28, 2031. The notes may be automatically called as early as January 27, 2027 if the Index closes at or above 95% of its initial level, paying back $1,000 plus a call premium that starts at 15.5% of principal and steps up to 77.5% by the final review date. If not called, investors are protected only against Index declines of up to 15%; beyond that, repayment at maturity is reduced dollar‑for‑dollar, with up to 85% of principal at risk. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which drag on performance, and the notes pay no interest or dividends and are subject to JPMorgan’s and its guarantor’s credit risk.

JPMorgan Chase Financial Company LLC is issuing $646,000 of auto callable contingent interest notes linked to three State Street SPDR ETFs covering regional banks, energy and utilities, guaranteed by JPMorgan Chase & Co. The notes offer a contingent interest rate of 11.45% per annum (0.95417% per month) when, on a Review Date, the price of one share of each ETF is at or above 75% of its Initial Value, called the Interest Barrier. Missed interest can be paid later if barriers are met on a future date.

The notes can be automatically called as early as July 23, 2026 if, on certain Review Dates, the price of each ETF is at or above its Initial Value, returning $1,000 per note plus any due interest. If the notes are not called and, at maturity in 2030, the worst‑performing ETF is at or above 60% of its Initial Value, investors receive full principal back plus any applicable interest. If the worst ETF finishes below 60%, repayment is reduced one‑for‑one with that loss, and investors can lose most or all of their principal.

The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They do not pay fixed interest or dividends, may pay no interest at all, are not listed on any exchange and may be illiquid. The price to public is $1,000 per note, including $7.50 in selling commissions, while the initial estimated value is $967.40 per $1,000 note, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is issuing $1,015,000 of structured review notes linked separately to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as January 2027 if each index closes at or above its Call Value, paying $1,000 plus a call premium that starts at 14.00% of principal and can reach 42.00% on the final review date.

If the notes are not called and the final level of each index is at or above its Barrier Amount, set at 70.00% of its initial level, investors receive their principal back at maturity in January 2029. If any index finishes below its Barrier Amount, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose some or all of their principal.

The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value at pricing was $977.00 per $1,000 note, below the $1,000 price to the public, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is issuing $516,000 of auto callable contingent interest notes linked to the Class C common stock of Dell Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 15.40% per annum contingent interest (about 1.28333% per month) only for Review Dates when Dell’s share price is at or above 60% of the Initial Value, and they may be automatically called beginning July 23, 2026 if the share price is at or above the Initial Value on specified Review Dates. If the notes are not called and Dell’s final share price is below a 50% Trigger Value, investors lose principal on a 1-for-1 basis with the stock decline and can lose all of their investment. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have a minimum denomination of $1,000, and were priced at $1,000 with an estimated value of $971.60 per note.

JPMorgan Chase Financial Company LLC is offering $2,777,000 of callable contingent interest notes linked to the Russell 2000 Index, the S&P 500 Index and the State Street Utilities Select Sector SPDR ETF, guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 9.00% per annum (0.75% per month) only for review dates when each underlying closes at or above 70% of its initial value.

The issuer may redeem the notes early on specified interest payment dates starting January 28, 2027, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If held to maturity and not redeemed, investors receive $1,000 plus the final contingent interest if every underlying finishes at or above its trigger value; otherwise, principal is reduced in proportion to the decline of the worst-performing underlying and can fall to zero.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $9.50 in fees and commissions, while the estimated value at pricing was $960.70, reflecting selling, structuring and hedging costs. The product involves significant market, sector, small-cap, liquidity, and tax risks, and pays no ordinary dividends from the underlyings.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $596,000 of callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing December 29, 2027.

The notes pay a contingent interest rate of 7.55% per annum (0.62917% monthly) only for review dates when the closing level of each index is at or above 65% of its initial value; if any index is below this barrier, no interest is paid for that period. Starting July 28, 2026, the issuer may redeem the notes early on certain interest payment dates, returning $1,000 per note plus any due interest.

If the notes are not redeemed and, on the final review date, any index ends below 65% of its initial value, principal is reduced in line with the decline of the worst-performing index, which can lead to a substantial or total loss of capital. The estimated value at pricing was $974 per $1,000 note, below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering $1,142,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 9.50% per annum contingent interest (0.79167% monthly) only if, on a Review Date, the Index closes at or above 70% of its Initial Value. Missed coupons can be paid later if the barrier is met.

The notes may be automatically called on certain Review Dates, starting January 25, 2027, if the Index is at or above its Initial Value, returning $1,000 per note plus due interest. If not called and at maturity the Index is below the 85% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15% buffer, up to an 85% loss.

The Index uses leveraged, volatility-targeted exposure to the Invesco QQQ, less a 6.0% per annum daily deduction and a notional financing cost, which create a performance drag. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and are not FDIC insured. The estimated value at pricing was $911.30 per $1,000 note, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is issuing $2,427,000 of unsecured 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 on scheduled Review Dates starting January 28, 2027 if the Index is at or above the Call Value, paying $1,000 plus a growing Call Premium Amount that reaches up to 91.25% of principal on the final Review Date.

If not called, principal is protected only down to a 15% Buffer Amount; if the Index falls by more than 15%, investors lose 1% of principal for each additional 1% decline, up to an 85% loss at maturity in 2031. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which can significantly drag performance. The notes pay no interest, provide no dividends, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, while the estimated value at pricing is $902.30.

JPMorgan Chase Financial Company LLC is offering $6,658,000 of callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon at a rate of 7.80% per annum for any monthly Review Date on which each index closes at or above 70% of its Initial Value, and may pay no interest at all if any index is below this barrier on all Review Dates. Unless called early on quarterly Optional Call Payment Dates (first eligible on April 28, 2026), the notes mature on October 28, 2027 with 20% downside protection; below that buffer, principal loss matches further index declines, up to an 80% loss.

The minimum denomination is $1,000. The price to public is $1,000 per note, including $11 in fees and commissions, with $989 in proceeds to the issuer and an estimated value of $977.60 per note. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and are not FDIC insured.

JPMorgan Chase Financial Company LLC is offering unsecured Buffered Digital Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a fixed return of at least 25.25% at maturity if the Index’s final level is at or above its initial level, or down by up to 25%.

If the Index falls by more than 25%, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 75% of principal. The notes pay no interest, provide no dividends from S&P 500® companies, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000 per note.

If priced on the indicated date, the estimated value would be approximately $974.40 per $1,000 note, and at issuance it will not be less than $900.00 per $1,000, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The notes will not be listed on an exchange, so liquidity and any secondary market price will depend on J.P. Morgan Securities LLC and market conditions.

JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide unleveraged exposure to index moves: at maturity, investors gain one-for-one with index appreciation up to a Maximum Upside Return of at least 11.25%, and for index moves between 0% and -10%, they earn a positive return equal to the absolute decline.

If the S&P 500® falls by more than the 10% buffer, investors lose 1% of principal for each additional 1% drop, up to a 90% loss of principal. The notes pay no interest, do not provide dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and will not be listed, so liquidity may be limited. A preliminary estimated value is approximately $965.90 per $1,000 note, and the final estimated value will not be less than $900, reflecting selling costs and hedging-related economics.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index and maturing in January 2031, in minimum denominations of $1,000.

The notes may pay a Contingent Interest Payment on each Review Date only if the Index closing level is at least 60.00% of the Initial Value. The Contingent Interest Rate will be at least 13.15% per annum, paid monthly when due. The notes are automatically called, ending further payments, if on certain Review Dates the Index is at or above its Initial Value, with the earliest call date in July 2026.

Holders face the risk of losing a significant portion or all of their principal if the Index falls sufficiently by maturity and may receive no interest over the term. The Index embeds a 6.0% per annum daily deduction, which drags on performance. These unsecured, unsubordinated notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is approximately $933.80 per $1,000 note at launch and will not be less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering medium-term notes due February 4, 2028 that are linked to an unequally weighted basket of five non-U.S. equity indices: EURO STOXX 50 (38%), TOPIX (26%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).

The notes pay no interest and are not principal protected. At maturity, for each $1,000 note you receive $1,000 plus the basket return multiplied by an upside participation rate expected to be between 1.45 and 1.71 if the basket has risen, or a reduced amount equal to the basket’s percentage decline if it has fallen, which can result in a total loss of principal.

The preliminary estimated value is expected to be between $962.50 and $972.50 per $1,000 note, reflecting embedded selling commissions of up to 2.00%, hedging costs and dealer profits. The notes will not be listed, can be hard to sell before maturity, and are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Complex and uncertain U.S. tax treatment is highlighted, and investors are directed to detailed risk factors and tax discussions in the accompanying documents.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Dual Directional Accelerated Barrier Notes linked to Tesla, Inc. common stock, maturing on February 15, 2029.

The notes may be automatically called as early as February 16, 2027 if Tesla’s stock closes at or above the Call Value, paying $1,000 plus a Call Premium Amount of at least $275 per $1,000 note. If not called and Tesla’s final stock price is above the initial price, holders receive 1.50 times the stock gain. If the final price is at or below the initial level but at or above 70% of the initial value, holders receive the absolute value of the stock return, capped at a 30% gain.

If Tesla’s final price falls below 70% of the initial value, repayment is $1,000 plus the actual stock return, so investors can lose more than 30% and up to all principal. The estimated value is about $950 per $1,000 note and will not be less than $930, reflecting structuring and hedging costs. The notes pay no interest or dividends, are unsecured, and expose investors to issuer, guarantor and liquidity risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional buffered return enhanced notes linked to the least-performing of Amazon, Meta and NVIDIA stock. The notes may be automatically called on February 5, 2027 if each stock closes at or above its call value, paying $1,000 plus a call premium of at least $280.00 per note.

If not called, investors can receive 2.00 times any positive return of the least-performing stock at maturity, or a positive return equal to the absolute value of declines up to a 30.00% buffer, capped at a 30.00% gain. If any stock falls by more than the buffer, principal is reduced one-for-one, with up to 70.00% loss of principal. The indicative estimated value is about $980.00 per $1,000 note and will not be less than $950.00, and the notes pay no interest or dividends and carry full issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the worst performer of three underlyings: the Nasdaq-100 Technology Sector index, the SPDR S&P Regional Banking ETF and the VanEck Junior Gold Miners ETF. The notes run to January 26, 2029 and come in $1,000 minimum denominations.

The notes can pay a monthly contingent interest of at least 17.40% per year (1.45% per month) if on a review date each underlying is at or above 70% of its strike value; otherwise no interest is paid for that month. From July 23, 2026, the notes are automatically called if all underlyings are at or above their strike values, returning principal plus that month’s interest. If held to maturity and not called, principal is protected only as long as every underlying stays at or above 60% of its strike on the final review date; a weaker performance by any one underlying can lead to losses up to total principal. The notes are unsecured obligations exposed to the credit risk of both issuers.

JPMorgan Chase Financial Company LLC plans to issue Capped Buffered Equity Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run from an expected issue date around February 3, 2026 to a scheduled maturity on August 3, 2027.

Holders receive 1.00 times any positive S&P 500® return at maturity, subject to a maximum return of at least 12.40% (at least $1,124 per $1,000 note). A 10% downside buffer protects principal for index declines up to 10%, but if the index falls by more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90% loss.

The notes pay no interest or dividends and are unsecured, unsubordinated obligations, exposed to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. If priced on the illustrated terms, the estimated value would be about $966.30 per $1,000 note and will not be less than $900.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC is offering structured Capped Buffered Equity Notes linked to the lesser performance of the Invesco QQQ, Series 1 and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to August 3, 2027, in $1,000 minimum denominations, and pay no interest or dividends.

At maturity, investors receive 1.00x any gain in the lesser performing underlying, up to a maximum return of at least 35.00% (at least $1,350 per $1,000 note). A 15.00% downside buffer protects against moderate losses, but if either underlying falls by more than 15%, principal is reduced 1% for each additional 1% decline, for a potential loss of up to 85.00%. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with an indicative estimated value of about $990.30 per $1,000, and at least $960.00 once terms are finalized.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to price on or about January 28, 2026 and mature on August 2, 2028, with a single observation date on July 28, 2028.

At maturity, if the index has risen, investors receive their principal plus at least 1.2555 times any positive index return, with no upside cap. If the index is flat or down by up to the 15.00% buffer, principal is returned. If the index has fallen by more than 15.00%, investors lose 1% of principal for each 1% decline beyond the buffer, up to a maximum loss of 85.00%.

The notes pay no periodic interest, are unsecured and unsubordinated obligations, and are not bank deposits or FDIC insured. Liquidity is limited because they will not be listed on an exchange, and secondary market prices may be below the issue price. A preliminary estimated value example is $975.10 per $1,000 principal amount, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of UnitedHealth Group Incorporated. The notes pay a quarterly Contingent Interest Payment of at least 3.125% (at least 12.50% per annum) for each Review Date on which UnitedHealth’s share price is at or above 60% of its Initial Value. The notes may be automatically called as early as August 3, 2026 if UnitedHealth’s share price on a Review Date (other than the first and final) is at or above the Initial Value, returning principal plus the applicable interest. If the notes are not called and the Final Value is below the 60% Trigger Value, repayment at maturity is reduced in line with the stock’s decline, and investors can lose more than 40% or even all of their principal. The notes are unsecured, unsubordinated obligations with a minimum denomination of $1,000, an expected settlement on or about February 5, 2026, and an expected maturity on February 7, 2029. An indicative estimated value is about $980 per $1,000 note and will not be less than $950 when finalized.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Netflix, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a contingent interest rate of at least 12.50% per annum (3.125% per quarter) when, on a Review Date, Netflix’s closing share price is at or above 60.00% of its Initial Value, which serves as both the interest barrier and trigger value.

The notes can be automatically called on specified Review Dates starting August 3, 2026 if Netflix’s closing price is at or above the Initial Value, returning $1,000 principal plus the applicable contingent interest for that period. If not called and the final share price on the February 2, 2029 Review Date is at or above the 60.00% trigger, investors receive $1,000 plus the final contingent interest. If the final price is below the trigger, repayment is reduced in line with the stock’s loss, and investors can lose more than 40.00% and up to all of their principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., and pay no fixed interest or Netflix dividends. Selling commissions will not exceed $3.00 per $1,000 note. If priced on the date shown in the document, the estimated value would be approximately $970.00 per $1,000, and at pricing it will not be less than $950.00 per $1,000, reflecting structuring, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc. The notes pay a quarterly Contingent Interest Payment of at least $34.125 per $1,000 note (at least 13.65% per annum) for each Review Date on which Meta’s share price is at or above 60% of its Initial Value. If Meta’s share price on a non-initial, non-final Review Date is at or above the Initial Value, the notes are automatically called and repay $1,000 plus that period’s contingent interest. If the notes are not called and Meta’s final price is below the 60% Trigger Value, repayment at maturity is $1,000 plus $1,000 times the stock return, so investors can lose more than 40% and up to all principal. The notes are unsecured, unsubordinated obligations 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 $44,719,000 of Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the VanEck Gold Miners ETF (GDX). The notes are scheduled to settle on or about January 27, 2026 and mature on January 12, 2028, with a potential automatic call on February 3, 2027.

The notes pay no interest and are designed to provide either an early call payment of $1,115 per $1,000 note if the ETF is at or above the Call Value on the Review Date, or at maturity a leveraged upside of 1.50x any positive ETF return and a dual-directional payoff: positive returns if the ETF is flat or down by up to the 25% buffer, and losses beyond that point, up to 75% of principal. The Strike Value is $101.29 per share of the ETF. Credit risk of both JPMorgan Financial and JPMorgan Chase & Co. applies, the notes are unsecured and unsubordinated, and they will not be listed on an exchange.

The price to public is $1,000 per note, including $4 in selling commissions, while the estimated value at pricing was $977.90, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Netflix, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent quarterly coupon of at least 12.50% per annum (at least 3.125% per quarter) for each Review Date on which Netflix’s closing share price is at least 60.00% of the Initial Value, called the Interest Barrier.

The notes can be automatically called on any Review Date from August 3, 2026 (except the first and final Review Dates) if Netflix’s share price is at or above the Initial Value, returning $1,000 per note plus the applicable contingent interest, with no further payments. At maturity on February 7, 2029, if the notes have not been called and Netflix’s Final Value is at least 60.00% of the Initial Value, investors receive $1,000 plus the final contingent interest. If the Final Value is below 60.00%, repayment is reduced 1-for-1 with the stock decline, so investors can lose more than 40% and up to all principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The preliminary estimated value is approximately $970.00 per $1,000 note and will not be less than $950.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are not listed, may be illiquid, pay no fixed interest or dividends, and carry complex tax and market risks highlighted in extensive risk disclosures.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Income Auto-Callable Securities due January 31, 2028 linked to the common stock of Oracle Corporation.

Each $1,000 security can pay a quarterly contingent coupon of at least $34.625 (3.4625% of principal) if on a determination date Oracle’s closing price is at or above the downside threshold of $88.58, set at 50% of the initial stock price of $177.16 as of January 23, 2026. Missed coupons do not accrue interest but may be paid later if conditions are met.

If on any non-initial, non-final determination date Oracle closes at or above the initial stock price, the note is automatically redeemed for $1,000 plus the due coupon and any unpaid prior coupons. If the note is outstanding to maturity and Oracle finishes at or above the downside threshold, investors receive $1,000 plus the final contingent coupon and any unpaid coupons. If Oracle finishes below the downside threshold, repayment is reduced 1-for-1 with the stock decline, to less than 50% of principal and potentially zero, and investors do not participate in any stock upside. The notes will not be listed, include selling fees of up to $20 per $1,000, and have an estimated value of about $950.70 per $1,000 (not less than $930.00) at pricing.

JPMorgan Chase Financial Company LLC is offering $2,584,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a contingent interest rate of 17.75% per annum, paid monthly when the Index closes at or above 70% of its Initial Value. The notes may be automatically called quarterly starting July 23, 2026 if the Index is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments.

If the notes are not called and on the final review date the Index is at or above 50% of the Initial Value, investors receive back $1,000 per note plus any final contingent interest. If the Index is below 50%, repayment is reduced one-for-one with the Index decline, and investors can lose a significant portion or all of their principal. The Index itself uses leveraged exposure (up to 500%) to E-mini S&P 500 futures, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an original issue price of $1,000 and an estimated value of $924 per note, and are not listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a minimum denomination of $1,000 and are expected to be issued around January 30, 2026, maturing on December 21, 2028. They pay a contingent interest rate of at least 12.00% per annum, or at least 3.00% per quarter, but only for quarters in which, on every day, each underlying stays at or above its interest barrier set at 70% of its strike value.

If the notes are not called early and, on the final review date, any underlying finishes below its trigger value at 60% of its strike, principal is reduced 1% for each 1% decline of the least performing underlying, with the possibility of losing the entire $1,000. JPMorgan may redeem the notes early on any interest payment date from March 19, 2026, paying $1,000 plus any due contingent interest. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and they do not pay fixed interest or any dividends from the underlyings.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes tied to the lowest performer of the Russell 2000 Index and the EURO STOXX 50 Index, maturing February 2, 2029. Each security has a $1,000 principal amount and pays no interest.

The notes may be automatically called on February 4, 2027 if the lowest performing index is at or above its starting level, paying at least $1,228.50 per $1,000 (a minimum 22.85% call premium). If not called, at maturity investors receive: leveraged upside of 150% of any gain in the worst index; full principal back if the worst index is at or above 75% of its starting level; or one-for-one downside if it finishes below 75%, which can mean losing more than 25% and up to all principal.

The securities are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have no exchange listing and are intended to be held to maturity. The issuer estimates the current value per security would be about $958.90, with a final estimated value not less than $920.00, reflecting embedded selling commissions and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Enhanced Participation Equity Notes due January 14, 2028 linked to the S&P 500® Index. The notes pay no interest and are unsecured obligations.

At maturity, for each $1,000 note you receive the principal plus 3x any S&P 500 gain, but only up to a maximum settlement amount expected to be between $1,226.20 and $1,265.80. If the index is flat you receive $1,000; if it falls, your loss matches the index loss one-for-one, down to a total loss of principal. The cap corresponds to an expected S&P 500 level of about 107.54%–108.86% of the initial level.

The estimated value at pricing is expected between $976.30 and $986.30 per $1,000, reflecting structuring and hedging costs. The notes are not listed, may have limited liquidity, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $607,000 of Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 27, 2031. The notes offer 1.97× leveraged upside at maturity if the index finishes above its initial level of 561.57.

Investors receive full principal back only if the final index level is at or above 70% of the initial level; below that barrier, losses match the index decline and can reach a total loss of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and are not bank deposits or FDIC insured. The price to the public is $1,000 per note, with an estimated value of $957.30 after selling commissions and hedging and structuring costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable GEARS linked to the common stock of Capital One Financial Corporation. Each Security has a $10 principal amount and an expected term of about three years, unless automatically called.

If on the February 3, 2027 Observation Date the Capital One share price is at or above 100% of its Initial Value, the notes are automatically called and pay a fixed Call Price of $12.00 per $10, a 20.00% return, with no further upside.

If the notes are not called and the stock finishes above its Initial Value at maturity, investors receive $10 plus the stock’s positive return multiplied by an Upside Gearing between 1.35 and 1.55. If the final stock price is at or above 75% of the Initial Value but not higher than the Initial Value, investors receive their $10 principal. If it falls below 75%, repayment is $10 plus the full negative Underlying Return, up to a total loss of principal.

The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $10.00 per note, including up to $0.25 in selling commissions, and the estimated value would be about $9.63 per $10 today and will not be less than $9.30 per $10 when finalized. The Securities will not be listed on any exchange.

JPMorgan Chase Financial Company LLC is offering $357,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due January 28, 2031. The notes pay a Contingent Interest Payment at a rate of 11.50% per annum (0.95833% per month) for each Review Date on which the Index closes at or above 70.00% of the Initial Value, the Interest Barrier.

The notes may be automatically called as early as January 25, 2027 if on a specified Review Date the Index is at or above the Initial Value, in which case investors receive $1,000 per note plus the applicable Contingent Interest Payment and no further payments. If the notes are not called and the Final Value is below the 70.00% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 30.00% Buffer Amount, up to a 70.00% loss. The Index includes a 6.0% per annum daily deduction and a notional financing cost that drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.; the estimated value at pricing was $942.50 per $1,000 note, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the common stock of Broadcom Inc. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., so payments depend on both entities’ credit.

If Broadcom’s share price on the Review Date is at or above the Stock Strike Price of $320.05, the notes are automatically called and pay $1,000 plus a call premium of at least 34.64% per note. If not called, at maturity investors get leveraged upside of at least 1.50 times any positive stock return, full principal back if Broadcom is down by up to 15%, and a 1.17647x leveraged loss for declines beyond that buffer, potentially resulting in a full loss of principal. The estimated value is initially about $982.30 per $1,000 note and will not be less than $970.00 when finalized, and the notes are not listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,420,000 of Trigger Autocallable Contingent Yield Notes linked to MercadoLibre common stock, maturing on January 26, 2027.

The Notes pay a 10.90% per annum contingent coupon (about 2.725% quarterly) only if MercadoLibre’s share price on an Observation Date is at or above the Coupon Barrier of $1,234.66, equal to 60% of the Initial Value of $2,057.77. The Notes are automatically called if the share price is at or above the Initial Value on any Observation Date, returning principal plus that quarter’s coupon.

If not called, and the Final Value is at or above the Downside Threshold (also $1,234.66), investors receive principal plus the final coupon. If the Final Value is below the Downside Threshold, repayment is reduced in line with MercadoLibre’s decline, and investors can lose most or all of their principal. Payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,800,000 of Uncapped Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on January 25, 2030.

The notes provide an uncapped leveraged upside: if each index finishes above its initial level, investors receive principal plus 1.5005× the gain of the worst-performing index. A 20% buffer protects against moderate declines; if any index falls more than 20%, investors lose 1% of principal for each 1% drop beyond that, up to an 80% loss of principal.

The notes pay no interest and do not provide dividends from the underlying stocks. They are unsecured and 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, for issuer proceeds of $992.50 per note. The issuer’s estimated value is $978.70 per $1,000 note, reflecting embedded costs, and the notes will not be listed on an exchange, so liquidity and secondary market prices may be limited.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index, maturing on or about January 31, 2029. The notes have a $10 denomination and pay a quarterly contingent coupon only if both indices close at or above their coupon barriers, initially set at 70% of each index’s initial level. The expected contingent coupon rate is between 10.00% and 10.50% per annum, with automatic early call possible quarterly after six months if both indices are at or above their initial levels.

If the notes are not called and each index finishes at or above its downside threshold (also 70% of initial), investors receive full principal plus the final contingent coupon. If either index finishes below its downside threshold, repayment is reduced in proportion to the lesser-performing index’s decline, and investors can lose most or all of their principal. The estimated value is illustrated at $9.816 per $10 if priced at a 10.00% coupon, and will not be less than $9.50 per $10 when finalized. All payments depend on the creditworthiness of JPMorgan Financial and its guarantor, JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $1,814,000 of market-linked securities tied to the lowest performer of the Russell 2000® Index and the EURO STOXX 50® Index, maturing January 25, 2029. These unsecured notes, guaranteed by JPMorgan Chase & Co., pay no interest and may be automatically called on January 27, 2027 if the lowest performing index is at or above its starting level, returning $1,182.00 per $1,000 security (an 18.20% premium).

If not called, at maturity investors receive enhanced upside of 150.00% of any gain in the lowest index, or a positive “absolute return” on index declines down to 75% of the starting level, capped at a 25% gain. If that index finishes below 75% of its starting level, investors are fully exposed to losses and can lose more than 25%, up to all principal. The issue price is $1,000 per security, with selling commissions of $25.75 and an estimated value of $955.80 per security.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,000,000 of Medium-Term Notes, Series A, “Digital Equity Notes due 2027” linked to the S&P 500® Index. Each note has a $1,000 principal amount, bears no interest and matures on February 24, 2027.

At maturity, if the S&P 500 final level is at least 90% of its January 20, 2026 initial level of 6,796.86, investors receive a fixed threshold settlement amount of $1,086.50 per $1,000 note (a capped payoff equal to 108.65% of principal). If the index falls more than 10%, principal is exposed on a leveraged basis: for every 1% drop beyond the 10% buffer, the loss is about 1.1111%, up to total loss. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and are expected to have an initial estimated value of $988.10 per $1,000, reflecting selling commissions of 1.09% and hedging-related costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering long-dated Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury (CMT) rate and maturing on January 29, 2046.

The notes pay monthly interest that depends on how often, within each interest period, the 10-Year CMT rate is at or below 4.85%. The interest factor steps up over time: 10.00% per annum from January 29, 2026 to January 29, 2028, 12.00% per annum from January 29, 2028 to January 29, 2030, and 14.00% per annum from January 29, 2030 to January 29, 2046. The actual interest rate for a period equals the applicable interest factor multiplied by the proportion of days when the accrual condition is met, capped at the same percentage and floored at 0.00%.

The issuer may redeem the notes monthly, starting January 29, 2028, at 100% of principal plus accrued interest. Estimated value, if priced on the indicated date, would be about $918.80 per $1,000 note, with selling commissions of about $50.00 per $1,000. Net proceeds are for general corporate purposes and for hedging the issuer’s obligations. The notes are unsecured, not bank deposits, and are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $600,000 of Auto Callable Contingent Interest Notes linked to the least-performing of the S&P 500 Index, the Nasdaq-100 Index and the VanEck Semiconductor ETF, due January 27, 2031. The notes pay a quarterly contingent interest rate of 8.45% per annum ($21.125 per $1,000) only if on a Review Date each underlying is at or above 70% of its initial value; otherwise no interest is paid for that period.

Starting with the fourth Review Date, the notes are automatically called if each underlying is at or above its initial value, returning $1,000 plus the applicable interest, and ending the investment early. If the notes are not called and, at maturity, any underlying is below 60% of its initial value, principal is reduced one-for-one with the decline of the worst performer, and investors can lose more than 40% and up to all of their principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, with selling fees of $41.25 per note and net proceeds of $958.75 per note to the issuer. The estimated value at pricing was $912.50 per $1,000, reflecting embedded costs, and the notes will not be listed on an exchange, so liquidity may be limited.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $4.5 million of Trigger GEARS, medium-term notes linked to an unequally weighted basket of five equity indices: EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index and S&P/ASX 200.

The notes run from January 27, 2026 to January 27, 2031 and are issued at $10 per Security, with a minimum investment of $1,000. If the Basket Return is positive, investors receive principal plus 1.75 times the Basket Return. If the Basket Return is zero or negative but the Final Basket Value stays at or above 75% of the Initial Basket Value, principal is repaid.

If the Basket Return is negative and the Final Basket Value falls below this 75% downside threshold, repayment is reduced one‑for‑one with the Basket’s loss, up to a total loss of principal. The Securities pay no interest, provide no dividends, carry issuer and guarantor credit risk, and are not listed on any exchange. The estimated value at pricing was $9.631 per $10 Security, below the issue price due to selling commissions and hedging costs.

JPMorgan Chase & Co. is offering $6,750,000 of callable fixed rate notes due January 26, 2056. The notes pay 5.50% per annum, with interest paid annually on January 26, beginning in 2027, using a 30/360 day count convention.

The issuer may, at its option, redeem the notes in whole (but not in part) at par plus accrued interest on January 26 and July 26 of each year from July 26, 2030 through July 26, 2055. The price to the public is $1,000 per note, including selling commissions of $23.852 per $1,000, resulting in total proceeds to the issuer of $6,589,000.

Holders are unsecured creditors of JPMorgan Chase & Co. and are structurally junior to creditors of its subsidiaries. In a Dodd-Frank "single point of entry" or similar resolution, losses could be imposed on noteholders and recovery of principal and interest may be limited.