Alerian MLP Index ETNs due January 28 2044 424B Filings

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

The notes can pay monthly contingent interest at a rate that will be at least 7.40% per annum if, on an interest review date, each index is at or above 75% of its initial level. The notes are automatically called on specified quarterly dates if all three indexes are at or above their initial levels, with the earliest possible call in February 2027.

If the notes are not called and any index finishes below 70% of its initial level at maturity in February 2031, principal is reduced one-for-one with the decline of the worst-performing index, which can result in losing most or all of the investment. Investors receive no dividends, may receive no interest at all, face limited liquidity, and the unsecured notes carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is $932.20 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 $1,752,000 of auto-callable structured notes linked separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, price at $1,000 per note and carry an estimated value of $945.40 per $1,000 at issuance.

The notes may be automatically called as early as January 26, 2027 if each index closes at or above its Call Value of 100% of its Initial Value on a Review Date. In that case, investors receive $1,000 plus a fixed Call Premium Amount ranging from 11.50% on the first Review Date up to 34.50% on the final Review Date, and the notes terminate.

If not called, investors receive full principal at maturity on January 25, 2029 only if the Final Value of each index is at least 70% of its Initial Value. If any index finishes below this 70% barrier, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose more than 30% and up to all of their principal. The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as limited liquidity and potentially lower secondary market values.

JPMorgan Chase Financial Company LLC is offering unsecured 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 run to December 30, 2027 and may be redeemed early, in whole, on specified interest payment dates starting April 30, 2026.

Investors may receive monthly contingent interest only if, on a given review date, the closing level of each index is at or above its Interest Barrier, initially set at 70% of the index’s initial value. At maturity, if the notes have not been called and the worst-performing index is at or above its Trigger Value (60% of initial in the hypotheticals), principal is repaid (and interest may be paid if barriers are met). If the least-performing index finishes below its Trigger Value, repayment is reduced one-for-one with the index loss, which can result in losing most or all principal.

The preliminary estimated value is illustrated at approximately $963.50 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000. The notes are not listed, are subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., do not pay fixed interest or dividends, and expose holders to equity, small-cap and technology-sector risks, as well as potentially lower secondary-market values and uncertain tax treatment.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated 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 Payment only if, on a given review date, the closing level of each index is at or above 70% of its Initial Value, an “Interest Barrier.” The indicative Contingent Interest Rate is at least 9.20% per annum, or 0.76667% per month, but interest is not guaranteed and may be zero over the entire term.

The issuer may redeem the notes early, in whole, on specified interest payment dates beginning May 5, 2026, paying $1,000 per note plus any due contingent interest. If the notes are not redeemed and, on the final review date, the least performing index is below its 70% Trigger Value, repayment of principal is reduced one-for-one with the index loss, and investors can lose some or all of their investment. The preliminary estimated value is about $962.60 per $1,000 principal, and the notes will not be listed on any exchange.

JPMorgan Chase Financial Company LLC is offering unsecured, index-linked Review Notes due January 25, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are tied separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index, with payments based on the least performing index.

The notes can be automatically called on three Review Dates starting January 26, 2027, paying back principal plus a Call Premium of at least 11.00%, 22.00% or 33.00% of the $1,000 principal, depending on when they are called. If not called and each index finishes at or above its 70.00% barrier, investors receive principal back; if any index ends below its barrier, repayment is reduced one-for-one with the loss in the least performing index, and investors can lose all principal.

The notes pay no interest and provide no dividends from the underlying indices. They are offered in $1,000 minimum denominations, with an estimated value of approximately $970 per $1,000 at launch and not less than $950, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Dow Jones Industrial Average®, the Nasdaq‑100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 10.60% per annum (0.88333% per month) only for Review Dates when each index closes at or above 70% of its Initial Value, which also serves as the Interest Barrier.

The notes can be redeemed early at the issuer’s option on specified Interest Payment Dates starting April 30, 2026, returning $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not redeemed early and, on the final Review Date, the worst‑performing index is at or above 70% of its Initial Value, investors receive $1,000 plus the final contingent interest. If the worst index finishes below 70%, maturity payment is $1,000 plus $1,000 times the Least Performing Index Return, so principal losses can exceed 30% and reach 100%.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. For illustration, if priced on the example date, the estimated value would be about $979.60 per $1,000 note, and the final estimated value will not be less than $900, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering unsecured Callable Contingent Interest Notes linked to the least performing of the Russell 2000® Index, the S&P 500® Index and the State Street® Technology Select Sector SPDR® ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes run to December 29, 2027 and may be called early, in whole, on specified interest payment dates beginning on April 28, 2026. Investors can receive a contingent monthly interest payment at a rate that will be at least 11.75% per annum, but only for Review Dates when the closing value of each underlying is at or above 70% of its Initial Value.

If the notes are not redeemed early and, on the final Review Date, the final value of each underlying is at or above its 70% Trigger Value, investors receive principal plus the last contingent interest payment. If any underlying finishes below its Trigger Value, repayment is reduced one‑for‑one with the decline of the least performing underlying, and investors can lose some or all of their principal. The notes do not pay fixed interest or any dividends, are subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $610,000 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 pay a contingent interest rate of 13.50% per annum (1.125% per month) only if, on a given review date, the Index closes at or above 70% of its initial value; missed coupons can be paid later if the barrier is met on a future date.

The notes may be automatically called as early as January 21, 2027 if the Index closes at or above its initial value on certain review dates, returning $1,000 per note plus due contingent interest. If the notes are not called and the final Index level is below 60% of the initial value, principal is reduced 1:1 with the Index loss, and investors can lose most or all of their money. The Index embeds a 6.0% per annum daily deduction, creating a drag on performance. The notes are unsecured obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and their estimated value at pricing was $939.80 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the least performing of four underlyings: the S&P 500® Index, the Nasdaq‑100® Technology Sector, the iShares® Silver Trust and the SPDR® Gold Trust. The notes are unsecured, unsubordinated obligations and carry the credit risk of both the issuer and guarantor.

The notes pay a contingent monthly coupon of at least 13.30% per annum (at least $11.0833 per $1,000 per month) only if, on a given review date, the closing value of each underlying is at or above 60% of its initial value. Missed coupons can be paid later if the barrier is met, but may never be recovered. The notes can be automatically called starting July 28, 2026 if each underlying is at or above its initial value, in which case holders receive principal plus applicable coupons.

At maturity in December 2027, if the notes have not been called and any underlying is below 60% of its initial value, repayment of principal is reduced one‑for‑one with the loss on the worst performer, and investors can lose most or all of their principal. Estimated value at launch is lower than the $1,000 issue price, reflecting selling commissions, hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Astera Labs, Inc. The notes are scheduled to mature on February 2, 2029 and have $1,000 minimum denominations.

Investors may receive a monthly contingent interest payment of at least 2.25% of principal (at least 27.00% per annum) for each Review Date on which Astera Labs’ share price is at least 50.00% of its Initial Value. Missed coupons can be paid later if the barrier is met on a future Review Date.

The notes are automatically called on certain Review Dates if Astera Labs’ share price is at least 110.00% of the Initial Value, returning principal plus applicable and unpaid contingent interest. If not called and the Final Value is at least 50.00% of the Initial Value, investors receive principal back plus the final and unpaid contingent interest.

If the notes are not called and the Final Value is below 50.00% of the Initial Value, repayment is reduced 1% for each 1% decline in the stock, and investors can lose more than half, up to all, of their principal. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, pay no fixed interest or dividends, and have an estimated value below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Structured Investments Review Notes linked to the least performing of the EURO STOXX 50® Index, the iShares® MSCI Emerging Markets ETF and the iShares® MSCI EAFE ETF, maturing in January 2031.

The notes can 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 at least 11.9% to at least 59.5% of the $1,000 principal by the final Review Date.

If never called, and on the final Review Date every underlying is at or above its Barrier Amount (70% of its strike), investors receive only their principal. If any underlying is below its barrier, repayment is reduced one-for-one with the worst performer, and principal loss can reach 100%. The notes pay no interest or dividends, are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an indicative estimated value of about $974.10 per $1,000, not less than $940.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of MercadoLibre, Inc. (MELI). Each Note has a $10 issue price, a term of about one year and pays a contingent quarterly coupon at a rate of at least 10.90% per annum only if the stock closes on or above the Coupon Barrier, set at $1,234.66, which is 60.00% of the Initial Value of $2,057.77 observed on January 21, 2026.

The Notes are automatically called on any quarterly Observation Date if the stock closes at or above the Initial Value. In that case, investors receive their $10 principal plus the coupon for that quarter and the product terminates. If the Notes are not called and, at maturity, the stock is at or above the Downside Threshold (also 60.00% of the Initial Value), investors receive full principal plus the final coupon. If at maturity the stock is below the Downside Threshold, repayment is reduced to $10 × (1 + Underlying Return), creating stock-like downside and the potential loss of most or all principal.

The Notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed on any exchange. The price to public is $10 per Note, selling commissions to UBS are up to $0.15 per $10 Note, and the estimated value, on the terms illustrated, is about $9.672 per $10 Note and will not be less than $9.30. U.S. tax treatment is intended as prepaid forward contracts with associated contingent coupons, with coupons treated as ordinary income, though alternative tax outcomes are possible.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering contingent income callable securities due February 3, 2028, linked to the worst performing of the EURO STOXX 50®, S&P 500® and Russell 2000® indices.

Each $1,000 security may pay a quarterly contingent coupon of at least 2.90% ($29) only if, on every day in the quarter, all three indices stay at or above 75% of their initial levels. If any index falls below its downside threshold on any day in a period, no coupon is paid for that quarter. At maturity, if none of the indices has a final value below its downside threshold, holders receive principal back and potentially the final coupon; otherwise, repayment is reduced 1‑for‑1 with the decline in the worst index and can fall to zero.

The issuer can redeem the notes early on any coupon date (except the final one) for principal plus any due coupon, ending further payments. These principal‑at‑risk securities do not participate in index upside and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. An illustrative estimated value is about $961.70 per $1,000, and the final estimated value on pricing will not be less than $940.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, unsubordinated Uncapped Buffered Digital Notes linked to the S&P 500® Futures Excess Return Index, expected to mature on February 6, 2032. The notes target a 45.00% Contingent Digital Return at maturity if the index is at or above its initial level, or down by no more than 15.00%, and provide at least 3.40x leveraged upside above a 145.00% threshold.

Below the 15.00% buffer, investors lose 1% of principal for each additional 1% index decline, up to a maximum loss of 85.00%. The notes pay no periodic interest, will not be listed on an exchange, and secondary liquidity is uncertain. An indicative estimated value is about $969.20 per $1,000 principal amount, with a minimum final estimated value not less than $900.00. Payments depend on the credit of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the notes are not bank deposits and not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Target Corporation, maturing on January 27, 2028. The notes are issued in $1,000 denominations.

Investors may receive a quarterly Contingent Interest Payment of at least $25.00 per $1,000 (a rate of at least 10.00% per year) if on a Review Date the Target share price is at least 55.00% of the Initial Value (the Interest Barrier). Missed coupons can be paid later if a future Review Date meets the barrier.

The notes are auto callable from July 23, 2026: if on any Review Date (other than the first and final) Target’s price is at or above the Initial Value, investors receive $1,000 plus the current and any unpaid coupons, and the notes terminate.

If not called, and the Final Value on the last Review Date is at least 55.00% of the Initial Value (the Trigger Value), investors receive $1,000 plus the final and any unpaid coupons. If the Final Value is below the Trigger Value, repayment is reduced in line with Target’s percentage loss, and investors can lose more than 45% 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 guarantor, are not listed, and may have limited liquidity. Selling commissions are up to $17.50 and a structuring fee up to $1.00 per $1,000 note. The indicative estimated value is about $970.00 and will not be less than $950.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC plans to issue unsecured, unsubordinated "Structured Investments Review Notes" linked to the Global X Uranium ETF (URA), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 minimum denominations, are scheduled to price on or about January 30, 2026 and mature on February 2, 2029, with potential automatic early call starting July 30, 2026.

The notes pay no interest or dividends. Instead, holders may receive an automatic call payment of $1,000 plus a fixed call premium if, on any Review Date, the ETF’s closing price is at or above the applicable Call Value, ranging from 100% down to 90% of the initial price over time. If the notes are not called and the final ETF price is at least 50% of the initial price, principal is returned at maturity; if it falls below 50%, repayment is reduced one-for-one with the ETF loss, exposing investors to losses greater than 50% and up to total loss of principal.

The preliminary estimated value is approximately $930 per $1,000 note and will not be less than $900, reflecting selling commissions, a structuring fee and hedging costs. Key risks include the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., lack of liquidity as the notes will not be listed, limited upside capped by call premiums, and concentrated exposure to the uranium and nuclear-related equity sector through the underlying ETF.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing on February 4, 2027.

The notes pay a contingent interest rate of at least 10.00% per year (0.83333% per month) for any review date on which the closing level of each index is at least 70% of its initial value. If any index is below this barrier on a review date, no interest is paid for that period.

The notes may be automatically called on specified review dates starting April 30, 2026 if each index is at or above its initial value, returning $1,000 per note plus the applicable interest, with no further payments. If not called, and if a “trigger event” occurs (any index ever closes below 70% of its initial value) and the worst index finishes below its initial value at maturity, investors lose principal in line with that decline, up to a total loss.

The notes are unsecured, unsubordinated obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $980 per $1,000 note and will not be less than $950, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured structured notes linked to the Dow Jones Industrial Average® Futures Excess Return Index, maturing on February 1, 2029.

The notes have a minimum denomination of $1,000. They do not pay periodic interest. At maturity, if the Index has risen, investors receive $1,000 plus an Additional Amount equal to $1,000 × Index Return × a participation rate of at least 109%, giving leveraged upside to index gains.

If the Index is flat, investors receive back their $1,000 principal. If the Index has fallen, the payoff is $1,000 + ($1,000 × Index Return), but not less than $950 per $1,000, so up to 5% of principal is at risk. Payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $972 per $1,000, and will not be less than $940 at pricing, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering unsecured Trigger Absolute Return Step Securities linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (40.00%), Nikkei 225 (25.00%), FTSE® 100 (17.50%), Swiss Market Index (10.00%) and S&P/ASX 200 (7.50%). The notes are guaranteed by JPMorgan Chase & Co., have a term of about 5 years and are issued at $10.00 per Security in minimum investments of $1,000.

If the Final Basket Value is at or above the Step Barrier (100% of the Initial Basket Value), investors receive back principal plus the greater of the Basket Return or a fixed Step Return expected between 38.00% and 41.75%. If the Final Basket Value is below the Step Barrier but at or above the Downside Threshold of 75.00% of the Initial Basket Value, investors receive principal plus the absolute value of the Basket Return. If the Final Basket Value falls below the Downside Threshold, repayment is reduced in line with the negative Basket Return and investors can lose all principal.

The Securities pay no interest and provide no dividends from the underlying indices. Fees include up to $0.35 per $10 in selling commissions, leaving issuer proceeds of $9.65. The estimated value is illustrated at approximately $9.539 per $10, and will not be less than $9.20, reflecting structuring and hedging costs. All payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the lesser performing of the Nasdaq-100 Index and the S&P 500 Index, maturing on January 27, 2028. The notes provide at least 1.18x leveraged upside on any gain of the weaker index at maturity, with a barrier set at 70% of each index’s initial level.

Investors receive full principal only if the final level of each index is at or above its barrier; if either index closes below its barrier, repayment is reduced 1% for each 1% decline of the lesser performer and can result in a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are issued in $1,000 minimum denominations. The preliminary estimated value is about $989 per $1,000 note and will not be less than $950 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions.

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 are expected to price on or about January 27, 2026 and mature on February 1, 2028, with minimum denominations of $1,000.

At maturity, investors receive upside exposure to S&P 500® gains up to a Maximum Upside Return of at least 13.70%. If the index is flat or down by up to the 15.00% buffer, investors earn a positive return equal to the absolute value of that move, capped effectively at 15% when the index has declined. If the index falls by more than 15%, principal is reduced 1-for-1 beyond the buffer, and investors can lose up to 85% of their principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the S&P 500® Index, maturing August 1, 2028. The notes provide 2.00x upside exposure to any index gain, subject to a maximum return of at least 22.10%, which corresponds to a maximum payment at maturity of at least $1,221 per $1,000 note.

Principal is protected only by a 10% downside buffer. If the index ends down more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90% loss at maturity. The notes pay no interest, provide no dividends from S&P 500® companies, and will not be listed on an exchange.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. If priced on the example date, the estimated value would be approximately $965.40 per $1,000, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on January 31, 2029. The notes can pay a monthly contingent interest rate of at least 7.20% per annum when, on a review date, each index closes at or above 58% of its initial level; if any index is below this barrier, no interest is paid for that month.

The notes may be automatically called as early as July 27, 2026 if, on certain review dates, each index is at or above its initial level, in which case investors receive principal plus the applicable interest and the notes terminate. If the notes are not called and, at final maturity, any index has fallen below 58% of its initial level, repayment of principal is reduced one-for-one with the decline of the worst-performing index, leading to the loss of more than 42% and up to all of the invested 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 do not provide any direct ownership of, or dividends from, the underlying index constituents.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing on July 30, 2027.

The notes can pay a monthly Contingent Interest Payment of at least 0.77083% (a rate of at least 9.25% per year) per $1,000, but only on Review Dates where the closing level of each index is at or above 70% of its initial level, called the Interest Barrier. If any index finishes below its barrier on a Review Date, no interest is paid for that month.

Starting with the July 27, 2026 Review Date, the notes are automatically called if each index closes at or above its initial level, returning $1,000 per note plus that month’s contingent interest, with no further payments.

If the notes are not called and on the final Review Date any index is below 70% of its initial level, the maturity payment is reduced one‑for‑one with the worst‑performing index, so investors can lose more than 30% and up to all of their principal. The notes are unsecured obligations, subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk, pay no dividends, are issued in $1,000 minimums, and may have limited liquidity. If priced today, the estimated value would be about $973.60 per $1,000, and the final estimated value will not be less than $900.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered equity notes linked to the S&P 500 Index, maturing in February 2027. The notes provide 1.00x exposure to any S&P 500 gain at maturity, up to a maximum return of at least 9.05% (minimum $1,090.50 per $1,000 note).

A 15% downside buffer protects principal against moderate index declines, but if the S&P 500 falls by more than 15%, investors lose 1% of principal for each additional 1% drop, up to an 85% loss. The notes pay no interest, pass through no dividends, are unsecured obligations subject to the credit risk of both issuers, and are not bank deposits or FDIC insured.

If priced on the terms shown, the estimated value would be about $983.40 per $1,000, and at pricing will not be less than $900, reflecting embedded fees, hedging costs and issuer funding assumptions. The notes will not be listed on an exchange, and secondary market prices are expected to be below the issue price and sensitive to market, rate and credit conditions. The filing also outlines complex and potentially adverse U.S. tax treatment considerations.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to February 10, 2028 and are intended for investors seeking an uncapped equity-linked return with a leverage factor of at least 1.13415 on any positive index performance at maturity.

The structure provides a 15.00% downside buffer, but if the index falls by more than that, investors lose 1% of principal for each additional 1% decline, up to a possible 85.00% loss of principal at maturity. The notes pay no interest, provide no dividends from the underlying index, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The preliminary materials indicate an estimated value of about $970.00 per $1,000 principal amount, with a final estimated value not less than $960.00, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. Key risks highlighted include potential illiquidity, lower secondary market prices than the issue price, tax treatment uncertainties and the possibility of early acceleration upon a change-in-law event.

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

The notes provide at least 1.80x any positive return of the least performing index if all three finish above their initial levels. If any index ends at or below its initial level but all remain at or above 60% of initial value, investors receive only their principal back. If any index closes below this 60% barrier, repayment is reduced one-for-one with the decline of the worst index, so investors can lose more than 40% and up to all of their 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 will not be listed on an exchange, so liquidity may be limited. The preliminary estimated value is indicated at about $980.70 per $1,000 note, and the final estimated value will not be less than $900.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing on July 30, 2027. Each note has a $1,000 denomination and provides unleveraged exposure to index moves, with no interest or dividends.

If the index rises, investors receive principal plus the index gain, capped at a Maximum Upside Return of at least 9.65% (at least $1,096.50 per $1,000 note when the terms are set). If the index is flat or down by up to the 15.00% buffer, investors earn the absolute value of that move, up to a maximum payment of $1,150.00 per $1,000 note.

If the S&P 500® falls by more than 15.00%, principal is reduced 1-for-1 beyond the buffer, and investors can lose up to 85.00% of their money. The notes are unsecured, not FDIC insured, have limited liquidity, and their value is expected to be below the $1,000 issue price, with an indicative estimated value around $971.00 per $1,000 note if priced on the example date.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped dual directional buffered equity notes linked to the S&P 500® Index, maturing on January 31, 2028, in $1,000 minimum denominations. These unsecured notes provide unleveraged exposure to the Index, with a Maximum Upside Return of at least 20.00% and a 15.00% downside buffer.

If the Index rises, investors receive principal plus the Index gain, capped at the Maximum Upside Return. If the Index is flat or down by up to 15.00%, investors receive a positive return equal to the absolute Index move. If the Index falls by more than 15.00%, principal is reduced 1% for each 1% drop beyond the buffer, for a potential loss of up to 85.00% of principal.

The notes pay no interest or dividends, are not bank deposits, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced on the date shown, would be about $983.90 per $1,000, and will not be less than $950.00 per $1,000 at pricing, reflecting selling costs and hedging-related factors.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional buffered return enhanced notes linked to the VanEck Gold Miners ETF (GDX), maturing on January 12, 2028. The notes may be automatically called on February 3, 2027 if the ETF is at or above the Call Value, paying $1,000 plus a call premium of at least $115 per $1,000.

If not called and the ETF finishes above the strike, holders receive 1.5 times the ETF’s gain. If the ETF is flat or down by up to the 25% buffer, holders receive a positive return equal to the absolute loss, capped at 25% (maximum $1,250 per $1,000 for negative scenarios). Below the buffer, principal losses match further declines up to a 75% loss.

The notes pay no interest, do not pass through ETF dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, and may be illiquid. Risk factors also highlight concentration in gold and silver mining stocks, non‑U.S. exposure, and potential secondary market pricing below the issue price.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes mature on January 31, 2031, have minimum denominations of $1,000, pay no periodic interest, and expose investors to the credit risk of both the issuer and guarantor. At maturity, if the index rises, holders receive $1,000 plus the index gain multiplied by an Upside Leverage Factor of at least 1.965. If the index is flat or down by up to the 20.00% Buffer Amount, investors earn the absolute value of that move, capped at a 20.00% maximum return when the index return is negative.

If the index falls by more than 20.00%, principal is reduced by 1.25% for every 1% decline beyond the buffer, so investors can lose some or all of their principal. The notes are unsecured, will not be listed, and any sale before maturity may occur at a price below the original issue price. Illustrative materials show an estimated value example of $985.10 per $1,000 and state the final estimated value will not be less than $950.00 per $1,000.

JPMorgan Chase Financial Company LLC is offering structured 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 over roughly a 1.5-year term, with a positive return if the index rises, capped at a Maximum Upside Return of at least 9.65%.

If the S&P 500® is flat or down by up to the 15% buffer at maturity, investors receive a positive return equal to the index loss in absolute value, effectively capping gains from a negative index move at 15%. If the index falls by more than 15%, investors lose principal on a 1:1 basis beyond the buffer, with up to 85% of principal at risk.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and depend on the credit of both the issuer and guarantor. The preliminary estimated value is below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions, and the notes are not expected to be listed, so liquidity will rely on dealer trading.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination and are expected to settle around February 11, 2026, maturing on February 11, 2031.

The notes may pay a monthly contingent interest rate of at least 17.25% per annum (at least $14.375 per $1,000) for any Review Date on which the Index is at or above 72% of its initial level. Starting with the twelfth Review Date on February 8, 2027, the notes are automatically called if the Index is at or above its initial level, paying back $1,000 plus that period’s contingent interest.

If the notes are not called and the final Index level is at least 60% of the initial level, investors receive $1,000 plus any last contingent interest. If the final level is below 60%, repayment is reduced 1:1 with the Index decline, down to zero. The MerQube index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The preliminary estimated value is about $931.60 per $1,000, and at pricing will not be less than $900, reflecting fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, not FDIC insured, and may be illiquid.

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. Each note has a $1,000 denomination, a strike price of $1,078.52 and a term of about two years.

The notes may be automatically called on February 3, 2027 if Eli Lilly’s share price is at or above the strike; in that case investors receive $1,000 plus a call premium of at least 24.48%. If not called, and the final stock price is above the strike, maturity payments provide uncapped leveraged upside at no less than 1.25x the stock gain.

If the notes are not called and Eli Lilly falls up to 30% below the strike, principal is returned at maturity. Below that buffer, losses match the full negative stock return, so investors can lose most or all of principal. The preliminary estimated value is about $975.90 per $1,000 note and will not be less than $960 when finalized, reflecting embedded costs, credit risk of both JPMorgan entities, lack of interest and dividend payments, potential illiquidity, conflicts of interest and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is issuing $250,000 of Auto Callable Accelerated Barrier Notes linked to the common stock of NVIDIA Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, priced at 100% of principal with selling commissions of $8 per $1,000 and net proceeds of $248,000 to the issuer.

The notes may be automatically called on January 22, 2027 if NVIDIA’s share price is at or above the call value, paying $1,150 per $1,000 note (a 15% call premium). If not called and held to the January 25, 2029 maturity, investors receive leveraged upside of 2.46x any stock gain, return of principal if the final stock price is at or above 70% of the initial value, and one-for-one downside below that barrier, which can result in a total loss 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., are not FDIC insured, and may have limited or no secondary market liquidity. The estimated value at pricing was $980.60 per $1,000 note, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase & Co. is offering $4,500,000 of callable fixed rate notes due April 23, 2029. The notes pay interest at a fixed rate of 4.00% per annum, calculated on a 30/360 basis, with interest payable annually in arrears on January 23 of each year starting January 23, 2027 and on the maturity date.

The issuer may redeem the notes in whole, but not in part, at par plus accrued interest on the 23rd day of January, April, July and October of each year from January 23, 2028 through January 23, 2029. The price to the public is $1,000 per note, including hedging costs, with selling commissions of $1.25 per $1,000 note, resulting in issuer proceeds of $4,494,375.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC. In a resolution scenario under JPMorgan’s “single point of entry” strategy, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, and recovery could depend on the value realized from subsidiaries after higher-priority creditors are paid.

JPMorgan Chase Financial Company LLC is issuing $500,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of QuantumScape Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment of $24.5417 per $1,000 (a rate of 22.0875% over the term) for any Review Date on which QuantumScape’s share price is at or above the Interest Barrier, set at 50.00% of the Strike Value, or $5.275.

The notes can be automatically called on specified Review Dates starting May 18, 2026 if the stock closes at or above the Strike Value of $10.55, returning $1,000 plus due interest per note, with no further payments. If the notes are not called and QuantumScape’s final share price is below the Trigger Value (the same 50% barrier), investors lose 1% of principal for each 1% decline from the Strike Value and can lose their entire investment. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., offer no dividends or voting rights in QuantumScape, and will not be listed on any exchange. The estimated value at pricing was $966.70 per $1,000 note, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes fully guaranteed by JPMorgan Chase & Co., linked to the worst performer of the Russell 2000, Nasdaq‑100 and EURO STOXX 50 indices, maturing on January 25, 2029.

The notes pay a quarterly contingent coupon at a rate of at least 12.50% per annum (at least 3.125% per quarter) only if, on every day in a Quarterly Monitoring Period, each index stays at or above its Interest Barrier set at 70% of its strike level. If any index closes below its barrier on any day in a period, no interest is paid for that quarter.

JPMorgan may redeem the notes early, in whole, on any interest payment date from April 24, 2026 onward at $1,000 per note plus any due contingent interest. At maturity, if not called and each index finishes at or above its Trigger Value at 60% of strike, investors receive $1,000 per note plus any final contingent interest. If any index finishes below its Trigger Value, repayment is reduced one-for-one with the worst index decline, and investors can lose more than 40% or even all principal. The preliminary estimated value is about $970 per $1,000 note, and will not be less than $950 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Return Enhanced Notes linked to the lesser performer of Fiserv, Inc. and PayPal Holdings, Inc. common stock, maturing on January 25, 2029. The notes aim to pay at least 2.815× any positive return of the lesser performing stock when both final stock prices are above their strike values.

If either stock finishes below its strike value at maturity, investors lose 1% of principal for each 1% decline in the lesser performing stock, up to a total loss. The notes pay no interest, provide no dividends, are unsecured, and expose holders to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Strike values are set from the January 21, 2026 closes: $65.73 for Fiserv and $55.89 for PayPal. The issuer estimates each note’s value at approximately $950 per $1,000 face amount on pricing and states it will not be less than $930.

JPMorgan Chase Financial Company LLC outlines preliminary terms for auto callable accelerated barrier notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices, maturing in January 2029 and fully and unconditionally 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 Amount of at least $184.50 per $1,000 note. If not called and all indices finish above their initial values, holders receive 1.5 times the gain of the least performing index; if any index finishes below a 70% barrier, principal is reduced one-for-one with the least performing index’s loss, potentially to zero.

The minimum denomination is $1,000. If priced on the reference date in the document, the estimated value would be about $984.50 per $1,000 note and will not be less than $950.00 at pricing. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, may be illiquid, and embed complex market, small-cap, non‑U.S. equity, valuation and tax risks.

JPMorgan Chase Financial Company LLC is offering uncapped accelerated barrier notes linked to the lesser performer of the Nasdaq-100 Index and the S&P 500 Index, maturing February 1, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide at least 1.3165x leveraged upside on any gain in the lesser-performing index if both indices finish above their initial levels. Principal is protected only if each index stays at or above 80% of its initial level on the observation date; otherwise, investors lose 1% of principal for every 1% decline in the lesser performer and can lose their entire investment. The notes pay no interest or dividends, are unsecured, not FDIC-insured, and have an estimated value below the $1,000 issue price due to selling, structuring, and hedging costs.

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

The notes pay monthly contingent interest only if the closing level of each index on a Review Date is at or above 70% of its Initial Value, and may be called at the issuer’s option on specified Interest Payment Dates starting on February 5, 2027. If held to maturity and any index finishes below its 65% Trigger Value, repayment of principal is reduced one-for-one with the decline of the least-performing index, up to total loss of principal. A hypothetical minimum Contingent Interest Rate of 7.40% per annum is illustrated, and if priced today, the estimated value would be about $934.60 per $1,000 note, not less than $900.00 at pricing, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target monthly contingent interest of at least 10.00% per annum when, on a Review Date, the Index closes at or above 75.00% of its Initial Value, with missed coupons potentially paid later if conditions are met.

The notes may be automatically called as early as February 24, 2027 if the Index is at or above its Initial Value on specified Review Dates, returning principal plus due contingent interest. If held to maturity without being called, principal is protected only down to a Buffer Threshold of 85.00% of the Initial Value; below that level, investors lose 1% of principal for every 1% Index decline beyond the 15.00% buffer, up to an 85.00% loss.

The MerQube US Tech+ Vol Advantage Index dynamically leverages exposure (from 0% to 500%) to an unfunded position in the Invesco QQQ Fund, subject to a 6.0% per annum daily deduction and a daily notional financing cost, both of which drag on performance. The preliminary estimated value is approximately $908.40 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering $515,000 of callable contingent interest notes linked to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF, guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 8.50% per annum, but only for review dates when each underlying closes at or above 70% of its initial value. JPMorgan may redeem the notes early on specified interest payment dates starting April 23, 2026; otherwise they mature on December 23, 2027.

If not redeemed and the least performing underlying finishes below 60% of its initial value, investors lose principal in line with that decline, up to a total loss. The notes are unsecured, subject to issuer and guarantor credit risk, and were sold at $1,000 per note with an estimated value of $955.90.

JPMorgan Financial is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 29, 2032 and fully guaranteed by JPMorgan Chase & Co. The notes pay monthly contingent interest only when the Index closes at or above 70% of its initial level.

The notes can be automatically called quarterly starting July 27, 2026 if the Index is at or above its initial level, returning principal plus the applicable interest. If held to maturity and the Index finishes below the downside trigger level, investors lose principal in line with the Index decline.

The indicative contingent interest rate is at least 17.10% per year, but payments are not guaranteed. The underlying Index uses leverage up to 500% and applies a 6.0% per annum daily deduction, which can significantly drag on performance. The notes are unsecured, subject to issuer and guarantor credit risk, not bank deposits and not FDIC insured. A preliminary estimated value is about $928.60 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Nasdaq‑100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing in August 2027. The notes may pay monthly contingent interest if on a review date each index closes at or above 70% of its initial level, with an actual contingent interest rate to be set at not less than 7.90% per annum. Beginning April 30, 2026, the notes will be automatically called if on an eligible review date each index is at or above its call level, returning $1,000 per note plus the applicable interest and ending further payments. If not called, principal repayment at maturity depends on the least performing index and a trigger mechanism; if a trigger event occurs and the least performing index finishes below its initial level, investors lose 1% of principal for each 1% decline and could lose their entire investment. The estimated value, if priced on the example date, would be about $969.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering unsecured, callable contingent interest notes linked to the least performing of 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 run to February 1, 2029, in $1,000 minimum denominations, and may be redeemed early at the issuer’s option on any interest payment date from May 1, 2026, except the final date.

Investors receive a monthly contingent interest payment only if the closing level of each index on a review date is at least 80% of its initial value (the Interest Barrier). Principal is protected only by a 20% buffer; if at maturity any index finishes below 80% of its initial value, principal is reduced 1% for each 1% decline beyond that level, up to an 80% loss. The indicative contingent interest rate is at least 9.80% per annum (about 0.81667% per month).

If the notes priced on the preliminary date, the estimated value would be about $972.60 per $1,000, and at issuance it will not be less than $900, reflecting embedded costs and hedging. The notes are not deposits, are not FDIC insured, will not be listed on an exchange, and expose holders to both market risk on the three indices and credit risk of JPMorgan Financial and JPMorgan Chase & Co., as well as complex U.S. tax treatment for both U.S. and non‑U.S. investors.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on January 24, 2031 and pay no periodic interest.

At maturity, investors get $1,000 plus the greater of the Index’s gain or a contingent digital return of at least 57.00% if the Index ends at or above its initial level. If the Index is below its initial level but at or above 90.00% of that level, the payoff adds the contingent digital return to the Index loss, still delivering a positive, but reduced gain.

If the Final Value falls below 90.00% of the Initial Value, principal is reduced one-for-one with the Index decline, and investors can lose up to their entire investment. The estimated value is initially about $976.00 per $1,000 note and will not be less than $940.00, reflecting built-in fees and hedging costs. The notes will not be listed and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase & Co. is offering callable fixed-rate notes due January 27, 2031. The notes pay interest at an annual rate of 4.35%, with payments in arrears on January 27 and July 27 of each year, beginning July 27, 2026. Each note has a $1,000 principal amount, and investors receive principal plus accrued interest at maturity if the notes have not been redeemed earlier.

JPMorgan may redeem the notes in whole, but not in part, on January 27 and July 27 of each year from January 27, 2028 through July 27, 2030 at par plus accrued interest. The notes are unsecured and unsubordinated obligations of JPMorgan Chase & Co. and are structurally junior to creditors of its subsidiaries, which means recoveries could be limited in a resolution scenario.

The public offering price is expected to be $1,000 per $1,000 note, with certain fee-based or institutional accounts paying between $987.60 and $1,000. Selling commissions are expected to be about $2.75 per $1,000 note and will not exceed $5.00. The notes are not bank deposits and are not insured by the FDIC or any other governmental agency.