Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the lesser performance of the iShares Silver Trust (SLV) and the VanEck Gold Miners ETF (GDX), maturing on January 31, 2030. The notes pay a monthly contingent coupon of at least 14.95% per annum (about 1.24583% per month) only if, on each review date, both ETFs close at or above 70% of their initial value. The issuer can redeem the notes early on specified interest payment dates, starting May 1, 2026, at $1,000 plus any due interest. At maturity, if not called and both funds remain at or above the 70% buffer level, investors receive $1,000 plus the final coupon; if either fund finishes below this buffer, principal is reduced according to the loss beyond a 30% buffer, with up to 70% principal loss possible. The preliminary estimated value is about $949.60 per $1,000 note and will not be less than $900 when finalized, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to an unequally weighted basket of the Nikkei 225 Index, the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF, maturing on February 7, 2031 and fully guaranteed by JPMorgan Chase & Co. The basket is reweighted at maturity so the best-performing underlying gets a 50.00% weight, the second-best 30.00% and the worst 20.00%.

The notes provide uncapped upside, paying at least 1.20 times any positive basket return at maturity. Principal is protected only down to a 75.00% barrier: if the Final Basket Value is at or above this level, investors receive their $1,000 principal per note; if it is below, losses match the basket decline and can reach a total loss.

The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not listed, so liquidity depends on dealer interest. The preliminary estimated value is approximately $965 per $1,000 note and will not be less than $930 when finalized.

JPMorgan Chase Financial Company LLC is offering $35,405,000 of Floating Rate Notes due January 22, 2066, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay quarterly interest in arrears at a rate equal to the Benchmark Rate (initially Compounded SOFR) for each Observation Period plus 0.15%, with a minimum interest rate of 0.00% per year.

Investors may request early repurchase on January 22 of each year from 2029 through 2065, receiving $970, $980 or $990 per $1,000 principal for certain early years and $1,000 from 2036 onward, plus accrued interest, subject to strict notice and timing procedures. The price to the public is $1,000 per note, including hedging costs; selling commissions are $10 per note, and issuer proceeds are $35,050,950. The notes are unsecured, not bank deposits, not FDIC insured, and involve risks related to Compounded SOFR, benchmark transition, limited secondary liquidity and potential loss of principal on early repurchase.

JPMorgan Chase & Co. is offering callable fixed rate notes due February 3, 2056. The notes pay a fixed interest rate of 5.55% per annum, with interest paid annually in arrears on February 3 of each year, starting in 2027. At maturity, if the notes have not been called, investors receive their principal back plus any accrued and unpaid interest.

Beginning August 3, 2030, and on each February 3 and August 3 thereafter through August 3, 2055, JPMorgan may redeem the notes in whole at par plus accrued interest, which creates reinvestment risk if rates are lower when the notes are called. The notes are unsecured obligations of JPMorgan Chase & Co., rank behind creditors of its subsidiaries, are not bank deposits and are not FDIC insured. They are expected to be treated as fixed-rate debt instruments for U.S. federal income tax purposes, but investors are directed to detailed tax and risk discussions in the accompanying offering documents.

JPMorgan Chase Financial Company LLC offers Capped Buffered Return Enhanced Notes linked to the MSCI EAFE® Index, maturing on July 28, 2027. These notes provide 1.50x the index’s positive return at maturity, capped at a maximum return of at least 21.50%, which corresponds to at least $1,215 per $1,000 note. A 10% downside buffer protects principal against moderate declines, but if the index falls by more than 10%, investors lose 1% of principal for each additional 1% drop, up to a 90% loss.

The notes pay no interest, provide no dividends, and are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. An estimated value of about $994.40 per $1,000 note is indicated, and the final estimated value will not be less than $970. The notes are not listed on an exchange, so liquidity and secondary market prices may be limited and below the original issue price.

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 26, 2029.

The notes provide unleveraged upside to any S&P 500® gains at maturity, capped at a Maximum Upside Return of at least 22.50%, and also pay the absolute value of index declines up to a 20.00% buffer, effectively capping positive returns at 20.00% if the index is down within that range. If the index falls by more than 20.00%, principal is reduced 1% for every 1% drop beyond the buffer, with up to an 80.00% loss of principal possible.

The notes pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both issuers. The estimated value, if priced on the described date, would be about $962.00 per $1,000 note, and will not be less than $900.00 per $1,000, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on January 28, 2031. The notes offer an uncapped upside with an Upside Leverage Factor of at least 1.4575, so if all three indices finish above their initial levels, holders receive $1,000 plus 1.4575 times the least-performing index’s gain per $1,000 note.

Each index has a Barrier Amount at 60% of its Initial Value. If any index finishes below its barrier, principal is reduced one-for-one with the decline of the least performing index, and investors can lose all of their investment. The initial estimated value would be about $947.40 per $1,000 note if priced today and will not be less than $900 when set, reflecting embedded selling, structuring and hedging costs. The notes pay no interest or dividends, are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index. Each note has a $1,000 minimum denomination and is expected to price around February 6, 2026 and mature on February 11, 2030.

At maturity, if the index is above its initial level, investors receive $1,000 plus at least 2.00 times the index gain. If the index is flat or down but still at or above 79.50% of the initial value, investors receive only their $1,000 principal. If the index closes below this barrier, repayment is reduced one-for-one with the index loss, so investors can lose more than 20.50% and up to all of their principal.

The notes pay no interest, are unsecured and unsubordinated, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The issuer estimates the current value at about $977.80 per $1,000 note, and expects the final estimated value at pricing to be no lower than $900. The notes will not be listed on an exchange, and secondary market liquidity is not assured. The underlying index is based on E-mini S&P 500 futures and is subject to futures market risks, including volatility, negative roll yield and trading limits.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped notes linked to the S&P 500® Futures Excess Return Index that return full principal at maturity but no periodic interest. The notes participate 110.00% in any positive index performance over the term, with gains capped by a maximum additional amount of at least $500.00 per $1,000 note, so upside is limited even if the index rises sharply. If the index is flat or down at maturity, investors receive only their $1,000 principal per note, exposing them to inflation and opportunity risk while assuming the issuers’ credit risk. The preliminary supplement indicates an estimated value of about $934.80 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000, reflecting embedded fees, hedging costs and dealer compensation. The notes are unsecured, not FDIC insured, not listed on an exchange, may have limited or no liquidity, and are expected to be treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of taxable income before any cash is received.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes due July 27, 2027 linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index.

The notes pay a contingent interest rate of at least 10.50% per year, paid monthly, but only if on a review date each index is at or above 70% of its initial level; otherwise no interest is paid for that period. Starting with the April 22, 2026 review date, the notes are automatically called if every index is at or above its initial value, returning principal plus the applicable interest and ending the investment.

If the notes are not called and at maturity any index is below 70% of its initial level, investors’ principal is reduced one-for-one with the decline of the worst-performing index, which can mean a loss of all principal. An illustrative estimated value is about $979.20 per $1,000 note, and the final estimated value will not be less than $900. The notes are unsecured, not FDIC insured, not listed on an exchange and carry market, sector, small-cap, non-U.S. securities, liquidity and tax risks.

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, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, maturing on January 4, 2028.

The notes pay a contingent interest rate of at least 10.85% per year, paid monthly, but only if on a review date each index is at or above 70% of its initial level; otherwise no interest is paid for that period. Starting with the October 30, 2026 review date, the notes are automatically called if all three indices are at or above their initial levels, returning $1,000 per note plus that period’s interest.

If the notes are not called and on the final review date any index is below 70% of its initial level, investors lose 1% of principal for each 1% decline in the worst-performing index and could lose their entire investment. The notes are unsecured obligations with minimum denominations of $1,000, an estimated value of about $979.50 per $1,000 note if priced today and at least $900.00 at pricing, and are subject to JPMorgan’s and the guarantor’s credit risk.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes whose return is linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. At maturity in January 2030, if all three indices are above their initial levels, investors receive the $1,000 principal plus at least 1.5005 times the gain of the worst-performing index.

If any index is flat or down by up to the 20% buffer, principal is returned. If any index falls by more than 20%, investors lose 1% of principal for each 1% decline beyond the buffer, up to a maximum loss of 80%, so the minimum payment is $200 per $1,000 note. The notes pay no interest or dividends, are not FDIC insured, and carry the credit risk of both JPMorgan Financial and its guarantor, JPMorgan Chase & Co. The preliminary estimated value is about $977.80 per $1,000, and will not be less than $900 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped dual directional buffered equity notes linked to the lesser performing of the Nasdaq-100® Technology Sector IndexSM and the S&P 500® Index, maturing in March 2027.

The notes provide unleveraged upside to index gains, capped at a Maximum Upside Return of at least 10.45%, and can also pay a positive return if the weaker index falls by up to the 20.00% buffer, by using the absolute value of that loss. If either index declines by more than 20.00%, investors lose 1% of principal for each additional 1% drop, up to an 80.00% 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., and will not be listed on an exchange. If priced today, the estimated value would be about $989.90 per $1,000 note, and the final estimated value on pricing will not be less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering digital buffered notes linked to the S&P 500® Index. The notes target a fixed return of at least 8.70% at maturity if the index finishes at or above the strike level, or down to 10% below it.

If the S&P 500 falls more than 10% from the strike, principal is lost on a leveraged basis at 1.11111% for each additional 1% decline, up to a total loss. Investors receive no interest, dividends, or voting rights and face the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The notes are expected to price on or about January 21, 2026, with maturity on February 25, 2027. The issuer discloses that the estimated value will be lower than the $1,000 price to the public (illustratively about $988.20, and not less than $970 per note), reflecting selling commissions, hedging costs and dealer profit. The notes will not be listed, and secondary market liquidity is not assured.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on February 4, 2031. The notes pay a monthly contingent coupon only when the Index closes at or above 60% of its Initial Value, and may be automatically called as early as February 1, 2027 if the Index is at or above its Initial Value on certain review dates.

The Index uses leveraged exposure of up to 500% to E-mini S&P 500 futures and targets 35% implied volatility, but is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. Investors face the risk of losing a significant portion or all principal if, at maturity without an earlier call, the Index finishes below the 60% trigger level and also may receive no interest if the barrier is not met on review dates.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value indicated between $900 and approximately $933.70 per $1,000 principal amount. The minimum denomination is $1,000, and the notes are not listed, so liquidity will depend on JPMS trading. The tax treatment is complex, with JPMorgan intending to treat the notes as prepaid forward contracts with associated contingent coupons.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes tied to the Class A common stock of Visa Inc. The notes are priced at $1,000 per security, with dealer fees and commissions of $25.75 and net proceeds of $974.25 per security. If on the January 28, 2027 call date Visa’s stock closes at or above the starting price, the notes are automatically called at no less than 10.15% premium, for a minimum payout of $1,101.50 per security.

If not called, at the January 26, 2029 maturity investors receive 150% of any positive stock return above the starting price, full principal back if Visa’s price is at least 75% of the starting level, and one-for-one downside below that 75% threshold, with the risk of losing most or all principal. The preliminary estimated value is about $956.70 per security and will not be less than $920.00, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The notes pay no interest, are unsecured, not FDIC insured and are intended to be held to maturity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $250,000 of Callable Contingent Interest Notes linked to the Class A common stock of Palantir Technologies Inc., maturing on January 21, 2028. The notes pay a contingent interest rate of 22.00% per annum, or $55 per $1,000 each quarter, but only if Palantir’s share price on a Review Date is at or above 60.00% of the Initial Value. JPMorgan may redeem the notes early on specified interest payment dates, returning $1,000 per note plus any due contingent interest. If the notes are not redeemed and the final stock price is below the 60.00% Trigger Value, investors lose principal in line with the stock decline and can lose all of their investment. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.; the estimated value at pricing was $966.10 per $1,000 note, below the $1,000 issue price because of fees, hedging costs and dealer profits.

JPMorgan Chase Financial Company LLC is issuing $600,000 of Capped Buffered Return Enhanced Notes linked to the common stock of The Walt Disney Company, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 2.00 times any positive stock return, capped at a maximum return of 23.00%, for a maximum payment at maturity of $1,230 per $1,000 note.

The structure includes a 5.00% downside buffer, after which investors lose 1% of principal for each additional 1% Disney declines, up to a maximum loss of 95.00% if the stock falls to zero. The Initial Value was set at $111.20 on January 16, 2026, with observation on March 16, 2027 and maturity on March 19, 2027. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The price to public is $1,000 per note, including $23.50 in selling commissions, with net proceeds of $976.50 per note to the issuer. The estimated value at pricing was $972.10 per $1,000 note, reflecting structuring and hedging costs and the issuer’s internal funding rate. The notes will not be listed on any exchange, and any secondary market will depend on JPMS, with prices expected to be below the original issue price.

JPMorgan Chase & Co. is offering callable fixed rate notes due January 27, 2031. The notes pay a fixed interest rate of 4.25% per year, with interest paid in arrears every January 27 and July 27, starting July 27, 2026, using a 30/360 day count.

JPMorgan may redeem the notes early, in whole but not in part, on any January 27 or July 27 from January 27, 2028 through July 27, 2030 at 100% of principal plus accrued interest. The notes are expected to be sold at about $1,000 per $1,000 principal amount, with selling commissions currently estimated at about $2.75 per $1,000, and capped at $5.00.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency. In a resolution of JPMorgan under U.S. bankruptcy or Title II of the Dodd-Frank Act, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes. Tax counsel expects the notes to be treated as fixed‑rate debt instruments for U.S. federal income tax purposes.

JPMorgan Financial is offering $2,545,000 of callable contingent interest notes due December 21, 2027, fully guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF.

Holders may receive monthly contingent interest at a rate of 9.20% per annum (0.76667% per month) only when the closing value of each underlying on a review date is at or above its Interest Barrier, set at 60% of its initial value. If any underlying is below its barrier, no interest is paid for that month.

The notes are callable at the issuer’s option on specified interest payment dates starting July 21, 2026; on early redemption investors receive $1,000 per note plus any due contingent interest. If the notes are not called and, at maturity, any underlying finishes below its Trigger Value (also 60% of initial), principal is reduced one-for-one with the decline in the least performing underlying, potentially to zero.

The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, with selling commissions of $7.25 and issuer proceeds of $992.75 per note. The estimated value at pricing is $970.90, lower than the issue price because it excludes selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering principal-at-risk market-linked securities tied to the weaker of the SPDR® Gold Trust (GLD) and iShares® Silver Trust (SLV), maturing on February 2, 2029. Each security has a $1,000 principal amount, with a price to the public of $1,000, selling fees of $23.25 and proceeds to the issuer of $976.75 per security. The notes pay a contingent quarterly coupon at a rate to be set on the pricing date, but at least 18.65% per annum, only if the lowest-performing fund is at or above 70% of its starting price; missed coupons can be recovered later via a memory feature. From April 2026 through October 2028, the notes are auto‑callable if the weaker fund is at or above its starting price, returning principal plus due coupons. If not called, at maturity investors receive $1,000 per note only if the weaker fund is at or above its 70% threshold; otherwise payoff is $1,000 plus $1,000 times the negative fund return, exposing investors to losses beyond 30% and potentially a total loss of principal. The preliminary estimated value is about $957.10 per note and will not be less than $920.00 when finalized, reflecting embedded selling costs and hedging economics.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 7-year auto-callable notes linked to the MerQube US Tech+ Vol Advantage Index, with a minimum denomination of $1,000. The Index targets volatility using dynamic exposure to an unfunded position in the Invesco QQQ Trust, with exposure between 0% and 500%, and its level reflects a 6.0% per annum daily deduction plus a notional financing cost.

The notes can be automatically called after a two-year non-call period on any daily Review Date if the Index is at or above the Call Value of 100% of its Initial Value, paying $1,000 plus a Call Premium Amount based on a Call Premium Rate of at least 22.50%. If not called and the Final Value is at or above the 60.00% Barrier Amount, investors receive principal back at maturity; if the Final Value is below the Barrier Amount, repayment per $1,000 is $1,000 + ($1,000 × Index Return), and investors will lose more than 40% and could lose all principal.

The estimated value of the notes, when set, will not be less than $900 per $1,000 principal amount, and any payment is subject to the credit risk of the issuer and guarantor. The materials highlight risks including the Index’s fees and leverage, limited upside via call premiums only, lack of interest or dividends, potential illiquidity, conflicts of interest in index design and valuation, and tax uncertainty.

JPMorgan Chase & Co. is offering callable fixed-rate notes due January 30, 2046. The notes pay interest at a fixed rate of 5.375% per annum, calculated on a 30/360 day count basis, with interest paid in arrears on the last day of February and on the 30th calendar day of every other month, beginning February 28, 2026, until maturity or earlier redemption.

Starting on January 30, 2028, and on the 30th calendar day of January and July each year through July 30, 2045, JPMorgan may redeem the notes in whole at par plus accrued and unpaid interest. At maturity, if not previously called, investors receive the principal plus accrued interest.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency. The disclosure highlights resolution and "single point of entry" strategies under Dodd-Frank, under which losses could be imposed on holders of these notes and other unsecured creditors, and their claims would rank behind creditors of JPMorgan’s subsidiaries and priority and secured creditors in a resolution scenario.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index maturing on February 8, 2033. The notes can be automatically called as early as February 3, 2028 if the Index closes at or above the Call Value, paying back $1,000 plus a call premium.

The call premium is based on a Call Premium Rate of at least 22.50%, increasing over time, while downside protection is limited to a barrier set at 60.00% of the Initial Value. If the notes are not called and the Final Value is below this barrier, repayment is reduced one-for-one with the Index decline, and investors can lose most or all principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, which will drag on performance versus an unmanaged Nasdaq‑100 exposure. The notes pay no interest or dividends, are sold in $1,000 minimum denominations, and carry the credit risk of both the issuer and the guarantor. If priced today, the estimated value would be about $927.20 per $1,000 note, and will not be less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performance of the Nasdaq-100 Index® and the iShares® Silver Trust, maturing on February 1, 2028. The notes pay a monthly Contingent Interest Payment of at least $8.8333 per $1,000 (at least 10.60% per annum) for any Interest Review Date on which both underlyings close at or above 70% of their Initial Values.

The notes are automatically called on specified quarterly dates if both underlyings are at or above their Initial Values, returning $1,000 per note plus the applicable contingent interest. If held to maturity and not called, principal is protected only down to 65% of the Initial Value; if the lesser performing underlying finishes below this Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 35% buffer, up to a 65% loss. The notes are unsecured, unsubordinated obligations, not bank deposits, not FDIC insured, and involve significant market, credit, liquidity and silver-price risks. An illustrative example shows an estimated value of approximately $960.20 per $1,000 note, with the final estimated value to be at least $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 Class A common stock of Palantir Technologies Inc. The notes run to February 1, 2029 and pay a monthly Contingent Interest Payment of at least $16.6667 per $1,000 (at least 20.00% per annum) for any Review Date where Palantir’s share price is at or above 60.00% of the Initial Value, called the Interest Barrier.

The notes are automatically called, starting with the July 27, 2026 Review Date, if Palantir’s share price is at or above the Initial Value, paying back principal plus the applicable interest and ending the investment. If held to maturity and the Final Value is at or above 50.00% of the Initial Value (the Trigger Value), investors receive principal back plus any final Contingent Interest Payment. If the Final Value is below the Trigger Value, repayment is reduced one-for-one with the stock decline, and investors can lose more than half, up to all, of their principal.

The notes pay no fixed interest or dividends, carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and have an estimated value below the $1,000 price, reflecting selling commissions, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering Digital Equity Notes due 2027 linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and will not pay interest. The return depends on the index performance from the trade date (on or about January 23, 2026) to the determination date (July 23, 2027).

If the final index level is at least 90% of the initial level, investors receive a fixed threshold settlement amount, expected between $1,105.30 and $1,123.60 per $1,000 note, capping upside. If the index falls more than 10%, principal loss is leveraged: for every 1% drop beyond the 10% buffer, the loss is about 1.1111%, and investors could lose their entire investment.

The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., will not be listed on any exchange, and may have limited secondary market liquidity. The estimated value at pricing is expected between $970.90 and $980.90 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions, so the economic value will be below the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering digital equity notes linked to the S&P 500® Index, maturing on January 26, 2028. Each note has a $1,000 principal amount and does not pay interest.

At maturity, if the S&P 500® final level is at least 87.50% of its initial level, investors receive a fixed “threshold settlement amount” expected between $1,131.30 and $1,154.10 per $1,000 note, creating a capped return. If the index falls more than 12.50%, principal loss is leveraged by a buffer rate of approximately 1.1429, and investors can lose up to their entire investment.

The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., with an estimated value expected between $963.50 and $973.50 per $1,000 at pricing. They will not be listed on an exchange, carry up to 2.00% in selling commissions, and involve complex U.S. tax and credit risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc. The notes pay a quarterly Contingent Interest Payment of at least $46.25 per $1,000 (at least 18.50% per annum) for any Review Date where Palantir’s share price is at or above 50% of its Initial Value, which also serves as both the Interest Barrier and Trigger Value.

The notes may be automatically called as early as July 27, 2026 if Palantir’s share price on a Review Date (other than the first and final) is at or above the Initial Value, in which case investors receive $1,000 plus the applicable interest and no further payments. If the notes are not called and the Final Value is below the Trigger Value at maturity on January 31, 2029, repayment of principal is reduced one-for-one with Palantir’s decline, and investors can lose more than 50% or even all of their principal. The preliminary estimated value is about $950 per $1,000 note and will not be less than $930 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped notes linked to the spot price of Grade A copper, as quoted on the London Metal Exchange under the Bloomberg ticker LOCADY. The notes are scheduled to price on or about January 20, 2026, with an original issue date around January 23, 2026, and mature on February 8, 2027, based on an observation date of February 3, 2027.

For each $1,000 note, if the final copper price is above the initial price, investors receive $1,000 plus a performance-based amount equal to 100% of the copper return, capped by a maximum additional amount; the illustrative cap is $165.50, implying a maximum payment of $1,165.50. If the final price is at or below the initial price, the payoff is $1,000 plus the copper return, but never less than $950, so investors can lose up to 5% of principal at maturity.

The preliminary estimated value of each note is about $981 per $1,000, and the final estimated value will not be less than $970, reflecting structuring, selling, and hedging costs. The notes are unsecured obligations, are not bank deposits, are not FDIC insured, and are offered under a hybrid-instrument exemption from the Commodity Exchange Act, so holders do not receive protections applicable to regulated commodity futures or swaps.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM and the S&P 500® Index, maturing on March 29, 2027 and fully guaranteed by JPMorgan Chase & Co. The notes can pay monthly contingent interest at a rate of at least 6.75% per annum (0.5625% per month) if, on a Review Date, each index closes at or above 70% of its Initial Value, called the Interest Barrier.

The issuer may redeem the notes early on certain Interest Payment Dates beginning January 28, 2027, returning $1,000 per note plus any due contingent interest. If the notes are not called and, at maturity, the Lesser Performing Index is at or above 80% of its Initial Value (the Buffer Threshold), investors receive $1,000 per note plus the final contingent coupon. If it is below 80%, principal is reduced 1% for every 1% decline beyond the 20% buffer, for up to an 80% loss of principal.

The notes do not offer fixed interest, upside participation in either index, or dividends, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is about $990.30 per $1,000 note if priced today and will not be less than $900.00, reflecting embedded selling, structuring and hedging costs. The notes are not listed, so liquidity may be limited and secondary prices may be significantly below the original issue price.

JPMorgan Chase Financial Company LLC is offering $731,000 of unsecured Digital Barrier Notes linked to the Nasdaq-100® Technology Sector Index, the ARK Innovation ETF and the State Street® Utilities Select Sector SPDR® ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed 8.90% contingent digital return at maturity if, on the February 16, 2027 observation date, the final value of each underlying is at least 50% of its initial value. If any underlying finishes below this barrier, repayment of principal is reduced one-for-one with the decline of the least performing underlying, and investors can lose more than half, up to all, of their investment. The notes pay no periodic interest or dividends, are not listed on any exchange, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $966.40 per $1,000 note, below the $1,000 issue price due to selling commissions, hedging costs and issuer profits.

JPMorgan Chase & Co. is offering callable fixed rate notes due January 30, 2036 under its medium-term note program. The notes pay 5.10% per annum, with interest paid annually on January 30, starting in 2027, using a 30/360 day count convention.

Beginning January 30, 2028, and on each January 30 and July 30 through 2035, JPMorgan may redeem the notes at par plus accrued interest, in whole but not in part. The notes are unsecured obligations of JPMorgan Chase & Co., rank structurally junior to liabilities of its subsidiaries and are not bank deposits or FDIC insured.

Regulatory resolution frameworks under the Dodd-Frank Act could impose losses on holders, as unsecured creditors, before subsidiary creditors are affected. For U.S. tax purposes, the notes are expected to be treated as fixed-rate debt instruments, as described in the referenced tax sections.

JPMorgan Financial is issuing $7,751,000 of auto callable contingent interest notes linked to Bank of America common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Payment at a rate of 10.50% per annum (2.7809% per quarter) only if, on a Review Date, BAC’s closing price is at or above 80.00% of the Initial Value. The notes are automatically called, returning $1,000 principal plus the applicable Contingent Interest Payment, if BAC closes at or above the Initial Value on any non-final Review Date.

If the notes are not called and the Final Value is below the Trigger Value (80.00% of the Initial Value), investors receive $1,000 plus $1,000 × Stock Return, risking a significant or total loss of principal. The estimated value is $971.40 per $1,000 note, below the $1,000 price to public, and investors face credit risk of both JPMorgan Financial and JPMorgan Chase & Co., no dividends on BAC, limited liquidity and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering $5,828,000 of Auto Callable Contingent Interest Notes linked to the common stock of Constellation Energy Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest of $42.50 per $1,000 each quarter (a 17.00% per annum rate) only if Constellation’s share price on a review date is at least 65.00% of the initial value of $341.20. The notes may be automatically called as early as March 31, 2026 if the stock closes at or above the initial value, in which case investors receive $1,000 plus the applicable interest and no further payments.

If the notes are not called and the final stock price is below the 65.00% trigger level, repayment of principal is reduced in line with the stock’s loss, and investors can lose more than 35.00% and up to all of their investment. The price to the public is $1,000 per note, including $20 in selling commissions, with net proceeds to the issuer of $980 per note; the estimated value at pricing was $955.60.

JPMorgan Chase Financial Company LLC is offering auto 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 a Contingent Interest Payment at a rate of 9.25% per annum (0.77083% per month) for any monthly Interest Review Date on which each index closes at or above 70.00% of its Initial Value.

The notes may be automatically called on quarterly Autocall Review Dates, starting July 15, 2026, if each index is at or above its Initial Value, returning $1,000 per note plus the applicable contingent interest, with no further payments. If not called and any index finishes below its 70.00% Trigger Value at maturity on July 20, 2027, investors lose 1% of principal for each 1% decline of the Least Performing Index and can lose their entire investment. The notes are unsecured, not FDIC insured, priced at $1,000 with $995 proceeds to the issuer and an estimated value of $976.70 per $1,000 note.

JPMorgan Chase Financial Company LLC is issuing $275,000 of callable contingent interest notes due January 19, 2029, linked to the Russell 2000® Index, the Nasdaq-100 Index® and the iShares® 20+ Year Treasury Bond ETF. The notes pay a contingent interest rate of 8.00% per annum only for review dates when each underlying is at or above 70.00% of its initial value, and JPMorgan may redeem the notes early on certain interest payment dates starting July 20, 2026. If the notes are not called and the least performing underlying finishes below its 70.00% trigger value at maturity, investors lose 1% of principal for every 1% decline from the initial value and can lose their entire investment. The notes priced at $1,000 per note, with estimated value of $942.80 per $1,000, are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped GEARS linked to the Russell 2000® Index, maturing around March 31, 2027. Each Security has a $10 issue price, with a minimum investment of $1,000.

The notes provide 3.00x leveraged upside to any positive index return, but gains are capped by a Maximum Gain between 18.75% and 20.75%, to be set on the trade date. If the index is flat, investors receive back $10 per Security. If the index declines, repayment is reduced one-for-one with the index loss, exposing holders to the full downside of the Russell 2000 and potential total loss of principal.

The estimated value is expected to be below the issue price, reflecting selling commissions of $0.20 per $10 Security and JPMorgan’s hedging and structuring costs. The Securities are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., will not pay dividends, are not listed on an exchange and are intended to be held to maturity.

JPMorgan Chase Financial Company LLC is issuing $3,100,000 of unsecured Callable Contingent Interest Notes due December 20, 2027, linked separately to the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay contingent interest at a rate of 9.50% per annum (0.79167% per month) only for review dates when the closing level of each index is at or above 70% of its initial level. Starting April 20, 2026, JPMorgan may redeem the notes early on specified interest payment dates. If held to maturity and any index finishes below 60% of its initial level, investors lose 1% of principal for each 1% decline in the least performing index, up to a total loss of principal. The notes priced at $1,000 per denomination with estimated value of $975.90 and are not insured or listed, and their value and payments are subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Buffered Digital Dual Directional Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 28, 2031. The notes provide uncapped, unleveraged upside to any index gain, with a contingent minimum return of at least 44.30% if the final index level is at or above the initial level.

If the index declines by up to 15%, investors receive a positive return equal to the size of that decline, capped at 15%. If the index falls by more than 15%, principal is reduced 1% for each additional 1% drop, so investors can lose up to 85% of principal at maturity.

The notes pay no interest, are unsecured obligations, are not bank deposits and are not FDIC-insured. They will not be listed on an exchange, and secondary market prices are expected to be below the $1,000 issue price. The current estimated value is about $946.90 per $1,000 note and will not be set below $900.00 when finalized, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the common stock of NVIDIA Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about January 20, 2026 and mature on January 25, 2029, with a potential automatic call on January 22, 2027 if NVIDIA’s share price is at or above the Initial Value.

If automatically called, investors receive $1,000 plus a call premium of at least $150 per $1,000 note. If not called and NVIDIA’s Final Value is above the Initial Value at maturity, investors receive an uncapped leveraged upside of 2.46× the stock’s gain. If the Final Value is between 70% and 100% of the Initial Value, principal is returned. If the Final Value is below 70% of the Initial Value, investors lose 1% of principal for each 1% decline and can lose their entire investment.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange and may trade at prices below the issue price. The preliminary estimated value is about $980.60 per $1,000 note and will not be less than $950 when finalized, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable notes linked to the MerQube US Tech+ Vol Advantage Index, targeting full principal repayment at maturity and potential premium early calls. The notes may be automatically called on scheduled review dates starting in January 2027 if the index closes at or above 100% of its initial level, paying $1,000 plus a call premium of at least 8%–48% of principal depending on the call date.

If the notes are not called, holders receive $1,000 per note at maturity in January 2033 plus any upside based on 100% of the index gain, with no downside below par but no interest or dividends. The index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and can cause the index to lag or decline despite positive underlying returns. The notes are unsecured, subject to the credit risk of JPMorgan entities, carry liquidity and valuation risks, and priced with an estimated initial value of about $917.80 per $1,000, not less than $900.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due February 1, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon between 8.50% and 10.50% per year (paid at 0.70833%–0.875% per month) only when, on a review date, the Russell 2000 Index, the Nasdaq‑100 Index and the iShares 20+ Year Treasury Bond ETF are each at or above 70% of their initial values.

The issuer may redeem the notes early on specified interest payment dates starting July 30, 2026 at par plus any due coupon. If the notes are not redeemed and, at maturity, every underlying is at or above its 70% trigger value, investors receive par plus the final coupon. If any underlying finishes below its trigger, repayment of principal is reduced one‑for‑one with the worst performer and can fall to zero.

The notes are unsecured obligations with minimum denominations of $1,000 and will not be listed on an exchange. An indicative estimated value is about $949 per $1,000 note and will not be less than $900. Key risks include loss of principal, the possibility of no interest, credit risk of the issuer and guarantor, liquidity limits, equity and bond market volatility, tracking issues for the ETF and complex, uncertain U.S. tax treatment, particularly for non‑U.S. holders.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked separately to the S&P 500® Index, the Nasdaq‑100 Index® and the VanEck® Semiconductor ETF, maturing on December 30, 2027. The notes pay a monthly contingent interest rate of at least 11.05% per annum only if, on a given review date, each underlying is at or above 70% of its initial value; otherwise no interest is paid for that period.

Principal is protected only if, at maturity and absent early redemption, each underlying is at or above 60% of its initial value. If any underlying finishes below this trigger, repayment is reduced one‑for‑one with the decline of the worst performer, and investors can lose most or all of their principal. The issuer may redeem the notes early on specified interest payment dates starting July 30, 2026, paying $1,000 per note plus any due interest. The preliminary estimated value is about $956.70 per $1,000 note and will not be less than $900 at pricing, reflecting embedded selling costs and hedging.

JPMorgan Chase Financial Company LLC is offering Enhanced Jump Securities with an auto-call feature, linked to the worse performer of the EURO STOXX 50® and S&P 500® indices. Each security has a $1,000 stated principal amount and does not pay periodic interest.

If on the first determination date in February 2027 both indices close at or above their initial levels, the notes are automatically redeemed for at least $1,080, reflecting a return of approximately 8.00% per year. If not called and, at final maturity in January 2028, both indices are at or above 70% of their initial levels, investors receive at least $1,160 per note. If either index finishes below 70%, the payoff falls in line with the decline of the worse-performing index and can be as low as zero, so principal is fully at risk.

The securities 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, with per-note selling commissions of $15.00 and an additional $3.75 fee, and an indicative estimated value of about $937.30 per $1,000 on the trade date.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Reddit, Inc. The notes target a Contingent Interest Rate of at least 23.50% per annum (at least 5.875% per quarter), paid only on Review Dates when Reddit’s share price is at or above 55.00% of the Initial Value, with missed coupons potentially paid later if this condition is met.

The notes can be automatically called on any Review Date other than the first and final if Reddit’s share price is at or above the Initial Value, returning $1,000 per note plus the applicable and any unpaid contingent interest. If held to the January 31, 2029 maturity and the final share price is at or above the 55.00% Trigger Value, holders receive $1,000 plus the final and any unpaid contingent interest. If the final price is below the Trigger Value, repayment is reduced in line with the stock’s loss, and investors can lose more than 45% and up to all principal. The notes are unsecured, not listed, and an initial estimated value of about $960 per $1,000 note (not less than $940 when set) reflects embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing in February 2031. The notes provide at least 1.50x any positive return of the worse-performing index at maturity, with an 80% barrier level on each index.

If both indices finish at or above 80% of their initial levels, investors receive at least their principal, and if both are above their initial levels, they receive leveraged upside based on the lower index return. If either index ends below 80% of its initial level, repayment is reduced one-for-one with the decline of the lesser-performing index, and investors can lose up to all 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., are not bank deposits, and are not FDIC-insured. A preliminary estimated value example is $986.60 per $1,000 note, and the estimated value at pricing will not be less than $960.00 per $1,000, reflecting embedded selling costs and hedging-related factors.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the worst performer among the Nasdaq-100^® Technology Sector Index, the Russell 2000^® Index and the State Street^® Energy Select Sector SPDR^® ETF, maturing December 27, 2027. The notes can be called early as soon as July 21, 2026 if each underlying is at or above its Initial Value, in which case investors receive principal plus the applicable contingent interest. Contingent monthly interest is paid only when all three underlyings stay at or above 60% of their Initial Values, and principal is at risk below 50% of the Initial Value of the least performing underlying at maturity. The preliminary estimated value is about $980.30 per $1,000 note, with the final estimated value to be at least $900, reflecting embedded fees, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked separately to the SPDR® Gold Trust, the SPDR® S&P MidCap 400® ETF Trust and the State Street® SPDR® S&P® Regional Banking ETF, maturing in February 2029. The notes can pay a monthly contingent coupon (illustrated at 10.00% per annum, or 0.83333% per month) only if on each Review Date every fund closes at or above an Interest Barrier of 65.00% of its Initial Value. Principal protection is conditional: if at maturity the Least Performing Fund is below a Trigger Value of 60.00% of its Initial Value, repayment is reduced one‑for‑one with that decline, potentially to zero.

The issuer may redeem the notes early at par plus any due contingent interest on certain Interest Payment Dates, beginning in February 2027. The notes are unsecured, not FDIC‑insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the illustrated date, the estimated value would be about $971.10 per $1,000, and at pricing will not be less than $900.00 per $1,000, reflecting embedded costs and hedging. Extensive risk factors highlight the possibility of no interest, substantial principal loss, limited liquidity, and complexities related to mid‑cap equities, regional banks and gold exposure.