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

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing unsecured Digital Barrier Notes linked to the S&P 500® Index, maturing in February 2028.

The notes aim to pay a fixed return of at least 17.80% at maturity per $1,000 note if the S&P 500® final level is at or above its initial level. If the index finishes below the initial level but at or above 70.00% of that level (the barrier amount), investors receive only their principal back. If the index ends below the 70.00% barrier, repayment is reduced one‑for‑one with the index loss, so investors can lose more than 30% and up to all of their principal.

The notes pay no interest or dividends and will not be listed on an exchange, so liquidity may be limited. They are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the illustrative date, the estimated value would be about $982.10 per $1,000 note and will not be less than $950.00 at pricing, reflecting structuring, selling and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the common stock of Netflix, Inc. The notes can be automatically called on February 5, 2027 if Netflix’s closing price is at or above the call value, paying $1,000 plus a call premium of at least $200 per $1,000 note.

If not called and the final stock price is above the initial price, holders receive $1,000 plus 1.815 times the stock’s percentage gain. If the final price is at or above 80% of the initial price but not higher than the initial price, principal is returned at maturity. If the final price is below 80% of the initial price, principal is reduced one-for-one with the stock’s loss and can be fully lost. The notes pay no interest or dividends, are unsecured, and any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co. A sample estimated value is $967.80 per $1,000 note, and the final estimated value will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering structured "Review Notes" linked to the MerQube US Tech+ Vol Advantage Index, due February 4, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. These notes can be automatically called on scheduled Review Dates starting February 4, 2027 if the Index closes at or above a preset Call Value, paying back $1,000 plus a fixed Call Premium Amount that steps up over time (at least 14% of principal on the first Review Date, rising to at least 70% on the final Review Date).

If the notes are never called and, at maturity, the Index is down by no more than the 15% buffer, investors receive full principal. If the Index is down by more than 15%, repayment is reduced 1-for-1 beyond that level, with up to 85% loss of principal. The notes pay no interest, provide no dividends, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The Index tracks leveraged, volatility-targeted exposure to the Invesco QQQ Trust, Series 1, but its return is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, which create a persistent performance drag. The estimated value is indicated at about $907 per $1,000 note, and will not be less than $900, reflecting selling costs, hedging costs and dealer margin.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $2,665,000 of unsecured Review Notes linked to the least performing of the S&P 500 Index, Nasdaq-100 Index and State Street SPDR S&P Regional Banking ETF, maturing on January 25, 2030.

The notes may be automatically called as early as January 27, 2027 if each underlying is at or above its initial level, paying $1,000 plus a call premium starting at 13.25% of principal and rising to 53.00% on the final review date. If not called and each final underlying value is at or above 70% of its initial value, investors receive principal at maturity.

If any underlying finishes below its 70% barrier, repayment is reduced one-for-one with the decline in the least performing underlying, and investors can lose more than 30% and up to all principal. The price to public is $1,000 per note, including $37 in fees and commissions, and the estimated value at pricing was $935.90. The notes pay no interest or dividends and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured Digital Barrier Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking a fixed return of at least 15.85% at maturity if the index’s Final Value is at or above its Initial Value.

Each note has a $1,000 minimum denomination. If the Final Value is below the Initial Value but at or above 60% of the Initial Value (the Barrier Amount), investors receive only their principal back. If the Final Value falls below the 60% barrier, repayment is reduced one-for-one with the index loss, so investors can lose more than 40% and up to all of their principal.

The notes pay no interest or dividends and carry the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. A preliminary estimated value is illustrated at approximately $981.10 per $1,000 note, and the final estimated value will not be less than $950.00 per $1,000 at pricing.

JPMorgan Chase & Co. is offering $18,000,000 of callable fixed rate notes due January 27, 2031. The notes pay fixed interest at 4.35% per annum, with interest on each $1,000 note paid in arrears every January 27 and July 27, starting July 27, 2026.

Beginning January 27, 2028 and on each January 27 and July 27 through July 27, 2030, JPMorgan may redeem all of the notes at par plus accrued interest. The public offering price is $1,000 per note, with selling commissions of $2.75 per $1,000 and estimated proceeds to the issuer of $17,950,500. The notes are unsecured obligations of JPMorgan and, under its preferred “single point of entry” resolution strategy and Title II of the Dodd-Frank Act, holders could face losses or recover less than principal and interest in a bankruptcy or FDIC resolution.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $1,000-denomination market-linked notes tied to the worst performer among Alphabet Class A, Taiwan Semiconductor ADSs and Broadcom common stock, maturing on February 2, 2029.

The notes can be automatically called on February 4, 2027 if the lowest-performing stock is at or above its starting price, paying at least 147% of principal (a minimum 47% call premium. If not called, at maturity investors receive: leveraged upside at a 200% participation rate if the lowest stock finishes above its start; a positive “absolute return” if it is down but no more than 50%; or full downside exposure if it falls more than 50%, which can result in losing more than half, up to all, of principal.

The preliminary estimated value is about $946.90 per $1,000 note and will not be less than $910.00, below the $1,000 price to the public. Selling commissions are up to $25.75 per note, with issuer proceeds of $974.25. These unsecured notes are not bank deposits, not FDIC insured, may be illiquid and involve complex tax and market risks.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing Callable Range Accrual Notes linked to the 10-Year CMT Rate and scheduled to mature on January 26, 2046. The notes pay a fixed 10.00% per annum during the initial interest periods through January 26, 2027.

After that, monthly interest ranges from 0.00% to 10.00% per annum, depending on how many days in each period the 10-Year CMT Rate is at or below 5.00%. JPMorgan may redeem the notes in whole on the 26th of each month, starting January 26, 2027, at 100% of principal plus accrued interest.

Each note is issued at $1,000, for a total offering of $1,125,000, with selling commissions of $32.417 per $1,000 note and proceeds to the issuer of $1,088,531.25. The estimated value is $946.70 per $1,000 at pricing. The notes are unsecured obligations, not bank deposits, and are not insured by the FDIC or any government agency.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 28, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the State Street Consumer Discretionary, Energy and Technology Select Sector SPDR ETFs, with payments based on the least performing fund.

Investors may receive quarterly contingent interest at an annual rate of at least 11.55% if on a review date the price of one share of each ETF is at least 72% of its strike value. The notes are automatically called, returning principal plus interest, if on any non-final review date each ETF is at or above its strike value.

If the notes are not called, investors get full principal back at maturity only if each ETF’s final value is at or above its 72% trigger value; otherwise, repayment is reduced 1-for-1 with the decline of the worst-performing ETF, potentially to zero. The estimated value is initially below the $1,000 issue price (about $970.30 in the example), and the notes carry issuer and guarantor credit risk, sector concentration risk, no dividends and limited liquidity.

JPMorgan Chase Financial Company LLC is offering structured "Review Notes" with a total price to the public of $1,126,000, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, and can be automatically called as early as January 2027 if each index closes at or above 100% of its initial level on a Review Date.

If called, investors receive $1,000 per note plus a call premium that steps up from 9.10% to 45.50% over five annual Review Dates. If the notes are not called and, at maturity in January 2031, each index is at or above 70% of its initial level, investors receive their principal back. If any index finishes below 70% of its initial level, repayment is reduced one-for-one with the loss in the weakest index, and principal can be lost in full. The notes pay no interest or dividends, are unsecured, and carry the credit risk of both the issuer and JPMorgan Chase & Co. The estimated value at pricing was $923.30 per $1,000 note, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $3,516,000 of auto callable contingent interest notes linked 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 monthly contingent interest rate of 8.50% per annum (0.70833% per month) only if, on a review date, each index is at or above 80% of its initial level. Starting April 22, 2026, the notes are automatically called if, on certain review dates, each index is at or above its initial value, returning $1,000 principal plus the applicable interest.

If the notes are not called and any index finishes below 70% of its initial value at maturity, investors lose 1% of principal for each 1% decline in the least performing index, up to a total loss. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, have limited liquidity, and are issued at $1,000 per note with an estimated value of $958.70.

JPMorgan Chase Financial Company LLC is issuing $11,934,000 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 monthly contingent coupon at a rate of 17.25% per annum only when the Index closes at or above 72% of its initial level, and they may be automatically called starting January 22, 2027 if the Index is at or above its initial value on specified review dates.

If the notes are not called and the final Index level is below 60% of the initial value, repayment of principal is reduced one‑for‑one with the Index decline, with the potential for a total loss of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, uses volatility‑targeting with exposure up to 500% to an unfunded position in the Invesco QQQ Fund, and is expected to lag a comparable index without these deductions. The notes price at $1,000 per denomination, include selling fees, and have an estimated value of $930.70, are unsecured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of an AI and wireless technology company, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount, with a term of about one year unless called earlier.

The Notes pay a contingent quarterly coupon only if the stock closes at or above the Coupon Barrier of $101.28, equal to 65.00% of the Initial Value of $155.82. The Contingent Coupon Rate will be at least 11.65% per annum, or about 2.913% per quarter. The Notes are automatically called if, on any Observation Date, the stock closes at or above the Initial Value, paying back principal plus that quarter’s coupon.

If the Notes are not called and the Final Value is at or above the Downside Threshold of $101.28, holders receive principal plus the final coupon. If the Final Value is below the Downside Threshold, repayment equals $10 × (1 + Underlying Return), so losses match the stock’s decline and can reach the entire principal. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $10 per Note, including up to $0.15 in selling commissions to UBS, and the estimated economic value is indicated around $9.76 per $10 Note, not less than $9.40 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $617,000 of auto callable contingent interest notes due December 28, 2027 linked separately to the S&P 500 Index, the Russell 2000 Index and the VanEck Semiconductor ETF.

The notes pay a contingent interest rate of 12.30% per annum (1.025% per month), but only for Review Dates when each underlying closes at or above 70% of its initial valueautomatically called if on a Review Date (other than the first, second and final) each underlying is at or above its initial value, returning $1,000 per note plus that period’s interest.

If the notes are not called and, at maturity, any underlying is below 70% of its initial value, investors lose 1% of principal for each 1% decline in the worst-performing underlying and may lose their entire principal. The notes are unsecured, sell at $1,000 per note with $22.25 in fees, and have an estimated value of $961.60 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,153,000 of Auto Callable Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 27, 2033.

The notes are issued in $1,000 denominations at 100% of principal, with selling fees of $44 per $1,000, providing net proceeds of $1,102,268. An automatic call can occur as early as January 26, 2027 if the index is at or above its initial level, paying principal plus a preset premium starting at 8% and rising to 48% on later review dates.

If not called, investors receive full principal at maturity plus any upside based on 100% participation in index gains, with no downside below principal, subject to issuer and guarantor credit risk. The index incorporates a 6.0% per annum daily deduction and a notional financing cost on its QQQ Fund exposure, which can significantly drag performance. The estimated value of the notes at pricing was $915.80 per $1,000.

JPMorgan Chase Financial Company LLC is issuing $450,000 of callable contingent interest notes due December 28, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index.

Holders receive a monthly contingent interest payment at a rate of 10.25% per annum only if, on a given review date, the closing level of each index is at least 70% of its initial value. Starting April 27, 2026, the issuer may redeem the notes early on certain interest payment dates at $1,000 per note plus any due contingent interest.

If the notes are not redeemed and, on the final review date, any index finishes below 70% of its initial value, repayment of principal is reduced one-for-one with the decline of the least performing index and can fall to zero. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $977.40 per $1,000.

JPMorgan Chase Financial Company LLC is issuing $150,000 of Auto Callable Contingent Interest Notes linked to the common stock of Advanced Micro Devices, Inc. The notes pay a contingent coupon at a 12.00% per annum rate (1.00% per month) for any Review Date on which AMD’s closing price is at or above 50.00% of the Initial Value, called the Interest Barrier, with unpaid coupons accruing if later barriers are met.

The notes can be automatically called starting on July 22, 2026 if AMD’s closing price on certain Review Dates is at or above the Initial Value, returning $1,000 per note plus due contingent interest, with no further payments. If not called and AMD’s Final Value is at or above the Trigger Value (also 50.00% of the Initial Value), investors receive full principal plus applicable contingent interest; if below, repayment is reduced one-for-one with AMD’s decline, potentially to zero.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co. The price to the public is $1,000 per note, including selling commissions of $22.25, while the estimated value at pricing was $948.90. The notes are not FDIC insured, will not be listed on an exchange and involve substantial market, credit, liquidity and tax risks.

JPMorgan Chase Financial Company LLC is offering unsecured structured notes linked to the lesser performer of the S&P 500® Futures Excess Return Index and the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about January 30, 2026 and mature on February 4, 2031.

At maturity, if both indices finish above their initial levels, investors receive the $1,000 principal plus an Additional Amount equal to $1,000 × the return of the lesser-performing index × a participation rate of at least 143.35%. If either index is at or below its initial level, the payoff is $1,000 plus $1,000 times the lesser-performing index return, but not less than $950 per $1,000 note, so investors may lose up to 5% of principal.

The notes pay no interest, do not provide dividends on underlying equities, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on any exchange, and secondary market prices are expected to be below the original issue price. If priced today, the estimated value would be about $976.10 per $1,000 note and will not be less than $900.00 when set.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,090,000 of Callable Contingent Interest Notes linked to the Russell 2000, Nasdaq‑100 and EURO STOXX 50 indices, maturing on January 25, 2029. The notes pay a 12.50% per annum contingent coupon (3.125% per quarter) of $31.25 per $1,000 only if, on every day in a quarter, each index stays at or above 70% of its strike level.

The issuer can redeem the notes early on any interest payment date from April 24, 2026, paying $1,000 plus any due contingent interest. If the notes are not redeemed and any index finishes below 60% of its strike at maturity, investors lose 1% of principal for every 1% decline in the worst‑performing index, and can lose their entire investment. The notes are unsecured, not listed on an exchange, and their initial estimated value is $975.80 per $1,000, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $13,000,000 of auto callable contingent interest notes linked to the Russell 2000, S&P 500 and EURO STOXX 50 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.15% per annum (2.7875% per quarter) only if, on a Review Date, each index closes at or above 70% of its Strike Value. If, on any non-final Review Date, each index is at or above its Strike Value, the notes are automatically called and repay $1,000 per note plus that quarter’s interest.

If the notes are not called, principal is protected only if, on the final Review Date, each index is at or above 65% of its Strike Value. If any index finishes below this Trigger Value, repayment is reduced 1% for each 1% decline of the least performing index, potentially down to zero. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and may be illiquid. The estimated value at pricing was $986.80 per $1,000 note, below the issue price, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $921,000 of Auto Callable Contingent Interest Notes linked to the Russell 2000 Index, the SPDR S&P Regional Banking ETF and the iShares Silver Trust, maturing on January 27, 2031.

The notes pay a 15.00% per annum contingent coupon (1.25% per month, or $12.50 per $1,000) only when, on a Review Date, each underlying is at or above 70% of its initial value; otherwise no interest is paid for that period. Starting January 22, 2027, the notes are automatically called if, on specified Review Dates, each underlying is at or above its initial value, returning $1,000 plus the applicable coupon.

If the notes are not called and, on the final Review Date, any underlying is below 60% of its initial value, repayment of principal is reduced one-for-one with the decline in the worst performer, and investors can lose most or all of their investment. The notes are unsecured, unsubordinated obligations, priced at $1,000 per note with selling commissions of $41.25 and an estimated value of $858.30 per $1,000 at issuance.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $500,000 of callable fixed rate notes due January 25, 2030. The notes pay interest at a fixed 4.00% per annum, with interest paid annually on January 26, beginning in 2027 and continuing to maturity, unless the notes are called earlier.

Starting July 26, 2026, and on the 26th of January, April, July and October through October 26, 2029, the issuer may redeem all of the notes at par plus accrued interest. At maturity, if not previously redeemed, investors receive the full principal plus any accrued interest. The notes are issued in $1,000 denominations, with a price to the public of $1,000 per note and proceeds to the issuer of $991 per note.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Alphabet Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay a contingent interest each Review Date if Alphabet’s share price is at or above an Interest Barrier set at 65.00% of the Initial Value, with missed interest potentially paid later if conditions are met. The notes are automatically called, and principal repaid, if Alphabet’s share price on any non-final Review Date is at or above the Initial Value. If the notes are not called and Alphabet’s final share price is below a Trigger Value equal to 65.00% of the Initial Value, investors lose principal in line with the stock decline and could lose their entire investment. The estimated value, if priced today, would be approximately $975.80 per $1,000 note, reflecting embedded selling, structuring and hedging costs, and the notes are unsecured obligations subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk and limited liquidity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered return enhanced notes linked to Eli Lilly common stock. The notes have a $1,000 price per note, total offering size of $1,243,000, and an estimated value of $976.60 per $1,000 at pricing.

The notes can be automatically called on February 3, 2027 if Eli Lilly’s share price is at or above the stock strike price of $1,078.52, paying back principal plus a 24.48% call premium. If not called, investors get uncapped upside at maturity on January 26, 2028 of 1.25x any positive stock return, but only principal back if the final price is down by up to 30%. Below that 30% contingent buffer, losses are 1:1 with the stock and investors can lose up to all principal. The notes pay no interest or dividends, are unsecured, and rely on the credit of both JPMorgan Financial and JPMorgan Chase & Co.

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, maturing in January 2031. These unsecured notes may pay a contingent interest rate of at least 8.00% per annum, but only for review dates when the Index closes at or above an Interest Barrier of 55% of the Initial Value.

The notes can be automatically called as early as January 28, 2027 if, on certain review dates, the Index is at or above a specified Call Value. If called, investors receive principal plus the applicable contingent interest and no further payments. If the notes are not called and the Index closes below the Trigger Value of 55% of the Initial Value on the final review date, repayment of principal is reduced one-for-one with the Index decline, potentially to zero.

The underlying Index dynamically allocates between 0% and 500% exposure to E-mini S&P 500 futures, targets 35% implied volatility, and is subject to a 6.0% per annum daily deduction, which drags performance and can cause the Index to fall even when futures are flat or modestly positive. The preliminary estimated value is approximately $900.50 per $1,000 note, reflecting structuring and hedging costs, and secondary market prices are expected to be below issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Callable Contingent Interest Notes linked to the worst performer of the S&P 500 Index, the SPDR S&P Regional Banking ETF and the VanEck Semiconductor ETF, maturing on January 4, 2028.

The notes pay a monthly contingent interest of at least 14.00% per annum (1.16667% per month) per $1,000 only if on a Review Date each underlying is at or above 60.00% of its Initial Value; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified Interest Payment Dates starting August 4, 2026, paying $1,000 plus any due contingent interest.

At maturity, if not called and each final underlying value is at or above its 60.00% Trigger Value, investors receive $1,000 plus the final contingent interest. If any underlying finishes below its Trigger Value, the payoff is reduced one-for-one with the worst underlying’s decline, so investors can lose more than 40% and up to all principal. The preliminary estimated value is about $973.70 per $1,000 note and will not be less than $900.00, reflecting structuring, selling and hedging costs. The notes are not FDIC insured, pay no dividends and are not exchange-listed.

JPMorgan Chase Financial Company LLC is issuing $3,114,000 of Auto Callable Buffered Return Enhanced Notes linked to the Global X Silver Miners ETF (SIL), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are priced at $1,000 each, with an estimated value of $963.30, and are expected to settle on or about January 27, 2026, maturing on January 27, 2028.

The notes may be automatically called on January 28, 2027 if the ETF’s closing price is at or above the Call Value, paying $1,000 plus a fixed call premium of $235 per note, and then terminating. If not called and the ETF has risen by maturity, investors receive $1,000 plus 1.50 times the positive ETF return. If the ETF is flat or down by up to the 20.00% buffer, principal is returned at maturity.

If the ETF declines by more than 20.00% at maturity, investors lose 1% of principal for each additional 1% drop, up to a maximum loss of 80.00% of principal. The notes pay no interest, do not provide ETF dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is issuing $1,250,000 of Uncapped Return Enhanced Notes linked to the lesser performance of Fiserv and PayPal stock, maturing January 25, 2029. The notes offer an upside leverage factor of 2.815, so if both stocks finish above their strike values, holders receive 2.815 times the percentage gain of the weaker performer, on top of principal.

If either stock’s final value is below its strike value, investors lose 1% of principal for every 1% decline in the lesser performing stock, up to a total loss. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed on an exchange. The price to the public is $1,000 per note, including $28.50 in selling commissions, while the initial estimated value is $950 per note.

JPMorgan Chase Financial Company LLC is offering $1,175,000 of auto callable contingent interest notes linked to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment only when, on a Review Date, each index closes at or above 70.00% of its Initial Value, and may be automatically called starting April 22, 2026 if each index is at or above its Initial Value.

If the notes are not called and, at maturity, any index finishes below its Trigger Value of 70.00% of Initial Value, investors lose 1% of principal for each 1% decline of the Least Performing Index and can lose the entire $1,000 principal per note. The estimated value is $978.50 per $1,000 note, below the $1,000 price to public, and the notes are unsecured, unlisted, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $1,050,000 of auto callable accelerated barrier notes linked to the Russell 2000, S&P 500 and EURO STOXX 50, due January 25, 2029 and guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on January 25, 2027 if each index is at or above its Call Value, paying $1,000 plus a call premium of $184.50 per $1,000 note. If not called and all final index levels exceed their initial values, holders receive an uncapped return of 1.50 times the gain of the worst-performing index. If any final index level is between its initial value and a 70% barrier, investors receive only principal back.

If any index finishes below its 70% barrier, repayment is reduced 1% for each 1% decline in the least performing index, which can lead to a total loss. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, have an estimated value of $984.50 per $1,000 at pricing versus a $1,000 issue price, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is issuing callable contingent interest notes due December 28, 2027, linked separately to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index. The notes pay a monthly contingent coupon at a rate of 10.90% per annum (0.90833% per month) only when the closing level of each index on a review date is at least 70% of its initial level. Beginning April 27, 2026, JPMorgan may redeem the notes early on certain interest payment dates at $1,000 per note plus any due contingent interest.

If the notes are not redeemed and, on the final review date, any index finishes below 70% of its initial level, investors lose 1% of principal for each 1% decline in the least performing index, which can mean losing the entire investment. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co. The issue price is $1,000 per note, with an estimated value of $976.60, reflecting embedded costs and hedging-related expenses.

JPMorgan Chase Financial is offering $300,000 of auto callable contingent interest notes linked to Amazon.com, Inc. stock, fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at a rate of 14.50% per annum (3.625% per quarter) only for review dates when Amazon’s closing share price is at or above 80% of the initial value. If on any non-final review date the share price is at or above the initial value, the notes are automatically called and repay $1,000 per note plus that period’s contingent interest.

If the notes are not called and Amazon’s final share price is below the 80% trigger, repayment is reduced 1% for each 1% decline from the initial value, exposing investors to substantial or total principal loss. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, while the estimated value at pricing was $960.20, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $4,337,000 of callable fixed rate notes fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay fixed interest at 4.25% per annum, with interest paid annually on January 26, beginning January 26, 2027 and ending on the January 25, 2030 maturity date, subject to earlier redemption. JPMorgan may call the notes in whole, but not in part, on the 26th calendar day of January, April, July and October from July 26, 2026 through October 26, 2029 at par plus accrued interest.

Each note has a $1,000 principal amount, priced at $1,000 to the public, with selling commissions of $2.827 per $1,000 and proceeds to the issuer of $997.173 per $1,000, or $4,324,739 in total. The notes are unsecured obligations, not bank deposits, and carry the risks described in the linked prospectus materials and risk factor sections.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the worst performer of Novo Nordisk ADRs, CoreWeave Class A shares and Micron common stock, maturing February 1, 2029.

The notes may be automatically called on April 27, 2026 if each stock is at or above 70% of its initial value, paying back $1,000 plus a call premium of at least $245 per $1,000.

If not called, and all three final stock prices are above their initial levels, investors receive $1,000 plus 2.0× the gain of the worst-performing stock. If any stock finishes below its initial value but at or above 60% of its initial value, principal is returned. If any stock ends below 60% of its initial value, repayment is reduced one-for-one with the loss of the worst stock, up to total loss of principal.

The notes pay no interest or dividends, are unsecured obligations in $1,000 denominations, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the example date, the estimated value would be about $962.20 per $1,000 note, and the final estimated value on pricing will not be less than $900.

JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the lesser performer of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and provides unleveraged exposure to gains in the weaker index, with a Maximum Upside Return of at least 14.05% and a 20.00% downside buffer.

At maturity, investors can gain if both indices rise, or if the lesser-performing index is flat or down by up to 20%, with upside on the absolute move of that index, capped at 20% in a negative scenario. If either index falls by more than 20%, principal loss is dollar-for-dollar beyond the buffer, up to a maximum loss of 80% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC-insured.

JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the S&P 500® Index, maturing on August 3, 2027 and issued in $1,000 denominations. The notes provide exposure to any index gain at 1.00x, but the total return is capped at a maximum of at least 9.00% at maturity and they pay no periodic interest.

Principal is protected only by a 20.00% downside buffer. If the index falls more than 20.00%, investors lose 1% of principal for each additional 1% decline, up to an 80.00% loss of principal. A hypothetical example shows a 50.00% index drop leading to a 30.00% loss and a $700 payment per $1,000 note.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. If priced on the date in the example, the estimated value would be about $967.40 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index®, maturing on August 3, 2027.

The notes provide unleveraged index exposure with a Maximum Upside Return of at least 14.55%, capping the positive payoff at a minimum of $1,145.50 per $1,000 principal if the index rises. If the index is flat or down by up to the 10.00% buffer, investors get a positive return equal to the absolute index move, up to a maximum of $1,100.00 per $1,000 when the index is down 10%.

If the index falls by more than 10%, principal is exposed on a 1-for-1 basis beyond the buffer, with up to 90.00% loss at extreme declines. The notes pay no interest or dividends, are unsecured, will not be listed, and carry the credit risk of both issuer and guarantor. An indicative estimated value is $964.70 per $1,000, and the final estimated value will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay contingent interest on each review date if the Index closes at or above 50% of its initial value, and may be automatically called starting July 29, 2026 if the Index is at or above its initial value on specified review dates.

If the notes are not called and the final Index level is below 50% of the initial value, investors lose 1% of principal for each 1% Index decline, potentially up to a total loss. The Index embeds a 6.0% per annum daily deduction, which drags performance and may cause the Index to lag similar strategies without this charge. The estimated value is illustrated at about $942.50 per $1,000 note, with a minimum of $910.00, reflecting selling costs and hedging. The notes are unsecured, not FDIC insured, may be illiquid, and involve issuer and guarantor credit risk, leverage and complex tax treatment.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the least performing of the Russell 2000 Index, the SPDR S&P Regional Banking ETF and the iShares Silver Trust, maturing on February 3, 2031.

The notes pay a monthly contingent coupon of at least 16.30% per annum (at least $13.5833 per $1,000) only when the closing value of each underlying on a review date is at or above 70% of its initial value

If the notes are not called and any underlying finishes below 60% of its initial value at maturity, investors lose 1% of principal for each 1% decline in the worst performer, potentially losing their entire investment. The preliminary estimated value is about $869.70 per $1,000 note, reflecting structuring and hedging costs, and the notes carry the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,017,000 of unsecured Structured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing January 27, 2031. The notes can be called automatically as early as January 26, 2027 if the Index is at or above the Call Value, paying $1,000 plus a growing call premium of up to 125% of principal by the final Review Date.

If not called and the Final Index Value is at or above the Barrier Amount of 50% of the Initial Value (Initial Value 3,886.58), investors receive principal back; if it is below, repayment falls one-for-one with the Index and investors can lose most or all principal. The notes pay no interest and provide no dividend exposure.

The underlying Index uses leveraged exposure to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags performance relative to a similar index without this charge. Price to public is $1,000 per note, including $8.50 in selling commissions, and the issuer’s estimated value is $930.10 per $1,000 at pricing, reflecting structuring and hedging costs. The notes are not insured, are subject to JPMorgan credit risk, and are not exchange listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due January 30, 2031, linked to the MerQube US Large-Cap Vol Advantage Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a quarterly Contingent Interest Payment when the Index closing level on a Review Date is at or above 65% of the Initial Value, with a Contingent Interest Rate of at least 16.00% per annum. The notes will be automatically called, with payment of principal plus the applicable contingent interest, if on any Review Date other than the first and final the Index closes at or above its Initial Value, beginning July 27, 2026.

If the notes are not called and the Final Value is below the 60% Trigger Value, investors lose 1% of principal for every 1% Index decline and can lose their entire investment; even if principal is repaid, investors may receive few or no interest payments. The underlying Index employs leverage up to 500%, targets 35% implied volatility using SPDR S&P 500 ETF implied volatility, and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The notes are unsecured, subject to the credit risk of both issuers, are not bank deposits or FDIC insured, will not be listed on an exchange, and have an estimated value below the $1,000 price to public due to embedded costs and internal funding assumptions.

JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the lesser performance of the Russell 2000® and S&P 500® Indices, maturing in August 2027. Investors get 1x upside on the weaker index, capped at a maximum return of 16.30%.

The notes provide a 30% downside buffer; if the lesser-performing index falls more than 30%, principal is reduced 1% for each additional 1% decline, up to a 70% loss of principal. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., with significant credit, liquidity, market and tax risks highlighted.

JPMorgan Chase Financial Company LLC plans to issue callable contingent interest notes due December 30, 2027, linked individually to the Russell 2000 Index, the S&P 500 Index and the State Street Technology Select Sector SPDR ETF.

The notes pay a monthly Contingent Interest Payment only if the closing value of each underlying on a review date is at least 70% of its initial value, and JPMorgan may redeem the notes early on specified interest payment dates. If the notes are not redeemed and the least performing underlying finishes below its 70% trigger value, investors lose 1% of principal for every 1% decline and can lose their entire investment. A hypothetical contingent interest rate of 11.75% per annum (0.97917% per month) is illustrated, and the estimated value is given as approximately $976.60 per $1,000 note, with a minimum of $900. Payments depend on the credit of JPMorgan Financial and its guarantor, JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to price on or about February 6, 2026, settle on or about February 11, 2026 and mature on March 11, 2027.

The product provides unleveraged exposure to index appreciation up to a Maximum Upside Return of at least 18.90%, and can also pay a positive return if the least performing index declines by up to the 15.00% Buffer Amount, using the absolute value of that loss. If any index falls by more than 15.00%, investors lose 1% of principal for each additional 1% decline, with losses of up to 85.00% of principal at maturity.

The notes pay no interest, do not provide dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial and are subject to the credit risk of both the issuer and guarantor. They will not be listed, and secondary market liquidity may be limited. Selling commissions may be up to $7.25 per $1,000, and the illustrative estimated value is approximately $987.00 per $1,000, with a minimum estimated value at issuance of $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common shares of Wheaton Precious Metals Corp., maturing on February 1, 2029. The notes can pay a contingent interest rate of at least 11.00% per annum, or at least $27.50 per quarter per $1,000, but only if Wheaton’s share price on a review date is at or above 50.00% of the initial value.

The notes may be automatically called as early as July 28, 2026 if Wheaton’s share price is at or above the initial value on certain review dates, returning principal plus the applicable interest for that period. If the notes are not called and Wheaton’s final share price is below the 50.00% trigger, investors will lose principal in line with the stock’s decline and can lose their entire investment. The notes are unsecured, not bank deposits, 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 issuing $13,103,000 of Capped Buffered Enhanced Participation Basket-Linked Notes due July 23, 2027. These $1,000-denomination notes pay no interest and repay at maturity based on an unequally weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).

If the basket rises, investors receive 1.5x the basket gain, but returns are capped at a maximum payment of $1,330 per $1,000 note. If the basket falls up to 7.5%, principal is protected; below that buffer, losses are magnified at about 1.0811% of principal for every 1% decline beyond 7.5%, and investors can lose their entire investment.

The notes are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may have limited liquidity. The bank estimates the initial economic value at $984.50 per $1,000 note, below the 100% issue price, reflecting selling commissions, hedging costs and structuring margin. The tax treatment is uncertain, with counsel viewing them as prepaid “open transactions,” and future IRS guidance could adversely affect investors.

JPMorgan Chase Financial Company LLC is issuing $1,655,000 of Review Notes linked to the least performing of the EURO STOXX 50 Index, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF, guaranteed by JPMorgan Chase & Co., and maturing in January 2031.

The notes may be automatically called on scheduled review dates starting in January 2027 if each underlying is at or above its call value, paying back principal plus a fixed call premium that steps up from 9.50% to 47.50% of face value. If the notes are not called and any underlying finishes below its 70% barrier, repayment at maturity is reduced in line with the worst performer, and investors can lose most or all of their principal.

The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both issuers. The price to the public is $1,000 per note, including selling commissions of $40.75, while the issuer’s estimated value is $930 per $1,000 note, reflecting embedded costs and hedging economics.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable fixed-to-floating rate notes due February 8, 2036. The notes pay a fixed 10.00% per annum during the initial interest periods through February 10, 2027.

After that, the interest rate for each period equals (5.50% minus the 10-Year CMT Rate) multiplied by 8.00, with a minimum interest rate of 0.00% per annum. Starting February 10, 2027, and on the 10th calendar day of February, May, August and November through November 10, 2035, the issuer may redeem the notes at par plus accrued interest.

Investors receive principal plus any accrued interest at maturity if the notes are not called and the issuer and guarantor meet all obligations. Key risks include credit risk of JPMorgan entities, interest rate risk tied to the 10-Year CMT Rate, potential changes or replacements of that benchmark, and limited or volatile secondary market prices.

JPMorgan Chase Financial Company LLC is offering Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury (CMT) rate, scheduled to mature on February 9, 2046. The notes pay a fixed 11.00% per annum during the initial interest periods from issuance through but excluding February 10, 2027.

After that, interest becomes variable for each quarterly interest period and ranges from 0.00% to 11.00% per annum, depending on how many days in the period the 10-Year CMT rate is at or below 5.00%. If the 10-Year CMT rate is above 5.00% on all relevant days, investors receive 0.00% interest for that period.

Starting February 10, 2027, and on the 10th of February, May, August and November thereafter, JPMorgan may call the notes at 100% of principal plus accrued interest, which can limit upside if interest conditions are favorable. The estimated value is expected to be below the price to public (for example, approximately $936.90 per $1,000 notional if priced on the date shown), reflecting selling commissions and hedging and structuring costs. The calculation agent, an affiliate of JPMorgan, has discretion to determine or replace the 10-Year CMT reference rate if it is discontinued, which can affect interest payments and secondary market values.