Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Financial is offering auto callable contingent interest notes linked to three State Street ETFs: a regional banking ETF, an energy sector ETF and a utilities sector ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon only if each ETF stays at or above 75% of its initial value on a Review Date, with missed coupons potentially paid later if conditions are again met. Beginning July 23, 2026, the notes are automatically called if each ETF is at or above its initial value on a Review Date, returning principal plus the applicable coupon. If the notes are not called and any ETF finishes below 60% of its initial value at maturity, repayment is reduced one-for-one with the loss on the worst ETF, which can lead to a significant or total loss of principal. The indicative coupon rate is at least 11.45% per annum, the minimum denominations are $1,000, and the indicative estimated value is about $966.60 per $1,000, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked 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 can automatically redeem as early as July 27, 2026 if each index closes at or above its Initial Value on a specified Review Date.

Contingent interest is paid only for Review Dates when each index closes at or above 80% of its Initial Value, and principal is protected at maturity only if the least performing index finishes at or above 70% of its Initial Value. If the least performing index ends below its Trigger Value, repayment of principal is reduced one-for-one with its decline, which can result in losing all invested principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., offer no dividends from index constituents, and are not listed, so liquidity will depend on dealer bids. The preliminary estimated value is approximately $948.40 per $1,000 note and will not be less than $900.00 per $1,000 when set, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of Auto Callable Buffered Return Enhanced Notes linked to the VanEck Semiconductor ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are priced at $1,000 per minimum denomination and were estimated at $979.80 per $1,000 at issuance.

The notes may be automatically called on January 19, 2027 if the ETF’s closing price is at or above the Call Value, paying $1,000 plus a $182.50 call premium per note. If not called and the ETF rises by maturity in January 2029, holders receive 1.25 times the ETF’s gain; if the ETF is flat or down by up to the 25% buffer, principal is returned. Beyond that buffer, losses accelerate at a 1.33333 downside leverage, so investors can lose some or all principal.

The notes pay no interest, pass through no dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and are not exchange-listed, so secondary liquidity and resale prices may be limited.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on August 3, 2028 and fully guaranteed by JPMorgan Chase & Co.

Investors may receive a monthly Contingent Interest Payment if on a Review Date the closing level of each index is at least 70% of its Initial Value, the Interest Barrier. Starting with the sixth Review Date, the notes will be automatically called if each index is at or above its Initial Value, returning principal plus the applicable contingent interest. If the notes are not called and any index finishes below its Trigger Value (also 70% of Initial Value) at maturity, repayment of principal is reduced one-for-one with the decline of the least performing index and can fall to zero.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The preliminary estimated value is approximately $968.60 per $1,000 note, and the final Contingent Interest Rate is expected between 9.00% and 11.00% per annum. The issuer highlights significant risks, including loss of principal, the possibility of no interest, limited liquidity, complex tax treatment and potential conflicts of interest.

JPMorgan Chase Financial Company LLC is offering $4,901,000 of Buffered Digital Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a fixed 8.95% return at maturity if the worse-performing index is at or above its initial level, or down by up to 15%. If either index falls more than 15%, repayment is reduced 1% for each additional 1% decline in the lesser performer, so investors can receive as little as $150 per $1,000 note, meaning up to 85% principal loss.

The notes pay no interest, provide no index dividends, are unsecured obligations subject to the credit risk of both issuers, and will not be listed on an exchange, so liquidity depends on dealer bids. The price to the public is $1,000 per note, while the estimated value at pricing was $975.20, reflecting selling costs, hedging costs and dealer margins. The tax treatment is complex, with counsel viewing the notes as open transactions, and future IRS guidance could adversely affect tax consequences.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $650,000 of capped buffered equity notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing on February 19, 2027. The notes provide 1.00x upside on the weaker index up to a maximum return of 22.55%, corresponding to a maximum payment of $1,225.50 per $1,000 note. A 10% downside buffer protects principal against moderate declines, but if either index falls by more than 10%, investors lose 1% of principal for each additional 1% decline in the lesser-performing index, up to a 90% loss. The issue price is $1,000 per note, including $22.25 in fees, with an estimated value of $971.20.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $3,151,500 of Trigger Callable Yield Notes linked to the lesser performer of the Russell 2000 Index and the EURO STOXX 50 Index. The notes have a 15‑month term, pay an 8.00% per annum fixed coupon monthly ($0.0667 per $10), and can be called at JPMorgan’s option every month after an initial three‑month non‑call period. If called, holders receive $10 per note plus the applicable coupon, with no further payments.

If the notes are not called, and on the April 15, 2027 final valuation date each index is at or above 70% of its initial level, investors receive full principal back at maturity plus the last coupon. If either index finishes below its 70% downside threshold, the maturity payment is reduced in proportion to the loss of the weaker index, which can result in a significant or total loss of principal despite having received coupons. All payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the notes are unsecured, unlisted, and not FDIC insured. The estimated value at pricing was $9.805 per $10 note, below the $10 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,590,000 of Capped Buffered Return Enhanced Notes linked to the iShares Bitcoin Trust ETF (IBIT) maturing on January 19, 2029. The notes offer 2.0x leveraged upside on any positive fund performance, capped at a maximum return of 91.50%, for a maximum payment of $1,915 per $1,000 note.

Investors receive full principal at maturity only if the fund’s final price is at or above the initial level, or down by no more than the 20% buffer. If the fund falls by more than 20%, principal is reduced one-for-one beyond that threshold, with up to an 80% loss of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan entities, and expose holders to bitcoin-related volatility through the ETF. The public issue price is $1,000 per note, including $7.50 in selling commissions, while the bank’s estimated value is $956 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing on July 21, 2027. The notes provide unleveraged upside to index gains, capped at a Maximum Upside Return of at least 24.10%, and also pay a positive return if the lesser-performing index falls by up to the 15.00% buffer, with that downside-return scenario capped at $1,150 per $1,000.

If either index declines by more than 15.00%, principal is reduced 1% for each additional 1% loss in the lesser-performing index, meaning buyers can lose up to 85.00% of principal at maturity. The notes pay no interest, do not pass through dividends, are unsecured, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $990 per $1,000 note and will not be less than $970 per $1,000 when finalized, reflecting structuring and hedging costs and an internal funding rate.

JPMorgan Chase Financial Company LLC is offering unsecured Buffered Return Enhanced Notes linked to the lesser performance of the S&P 500 Index and the SPDR Gold Trust. The notes provide at least 1.8225x leveraged upside on any positive return of the weaker underlying at maturity, with no cap on gains. A 15% downside buffer protects principal against moderate declines, but if the lesser performing underlying falls more than 15% from its initial value, losses increase at about 1.17647% of principal for each additional 1% drop, up to total loss. The notes are scheduled to price on or about January 16, 2026 and mature on February 3, 2027, in minimum denominations of $10,000. An example estimated value is $981.90 per $1,000 note, and the final estimated value will not be less than $970.00, reflecting selling costs and hedging.

JPMorgan Chase & Co. is offering $25,000,000 of callable fixed rate notes due January 2, 2031. The notes pay interest at a fixed rate of 4.30% per annum, calculated on a 30/360 day count basis, with interest payable in arrears on the last calendar day of January and July of each year, beginning July 31, 2026, and on the maturity date.

Starting January 31, 2028 and on each last calendar day of January and July through July 31, 2030, the issuer may redeem the notes in whole, but not in part, at par plus accrued and unpaid interest. The public offering price is $1,000 per note, including hedging costs, with proceeds to the issuer of $997.50 per $1,000 note, or $24,937,500 in total.

The filing highlights that in a resolution scenario under U.S. bankruptcy or Dodd-Frank Title II, losses would be imposed first on equity and then on unsecured creditors, including holders of these notes, whose claims are structurally junior to creditors of JPMorgan Chase & Co.’s subsidiaries. The notes are not bank deposits, are not insured by the FDIC or any governmental agency, and involve risks described in the referenced risk factor sections.

JPMorgan Chase Financial Company LLC is offering $425,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 17, 2031, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 7.00% per annum contingent interest (0.58333% per month, $5.8333 per $1,000) on each Interest Payment Date only if the Index on the related Review Date is at or above 42.00% of its Initial Value. Missed interest can be paid later if the barrier is met. Starting January 14, 2027, the notes are automatically called if the Index on a Review Date is at or above the Initial Value, returning $1,000 plus current and any unpaid interest.

If not called and the Final Value is at or above 85.00% of the Initial Value, principal is repaid in full plus applicable interest. Below that buffer, principal is reduced dollar-for-dollar beyond a 15.00% decline, with up to 85.00% loss of principal possible. The Index includes a 6.0% per annum daily deduction and a notional financing cost that drag on performance. The notes price at $1,000 per denomination, with estimated value of $911.40 per $1,000, are unsecured and subject to the credit risk of both the issuer and guarantor.

JPMorgan Financial is offering auto callable contingent interest notes linked separately to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only if the closing level of each index on an Interest Review Date is at or above 70% of its Initial Value, and may be automatically called quarterly if each index is at or above its Initial Value, starting July 27, 2026.

If the notes are not called and any index finishes below its 70% Trigger Value at maturity, investors lose 1% of principal for each 1% decline of the least performing index and can lose their entire investment. A hypothetical Contingent Interest Rate of 8.00% per annum (0.66667% per month) is illustrated, and if the notes priced on the indicated date, their estimated value would be about $966.50 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and involve significant market, liquidity, tax and structural risks.

JPMorgan Chase Financial Company LLC is issuing $3,190,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.23x leveraged upside on any positive index performance at maturity, a 20.00% downside buffer, and expose investors to losses of up to 80.00% of principal if the index falls by more than the buffer. The notes pay no interest, are unsecured and unsubordinated obligations, and are subject to the credit risk of both the issuer and guarantor.

The notes are issued in $1,000 denominations, priced at $1,000 per note with $9.50 in selling commissions and $990.50 in proceeds to the issuer, for total proceeds of $3,159,695. They priced on January 14, 2026, are expected to settle on or about January 20, 2026, and mature on July 19, 2028, with the index level observed on July 14, 2028. The Initial Value of the index on the pricing date was 563.29, and the estimated value of the notes at pricing was $983.30 per $1,000 principal amount, reflecting embedded costs and hedging assumptions.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc., maturing on January 28, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only when Meta’s share price on a Review Date is at or above 70.00% of the Initial Value, which is both the Interest Barrier and the Trigger Value in the hypotheticals.

If Meta’s share price on certain Review Dates is at or above the Initial Value, the notes are automatically called and pay $1,000 per note plus the applicable Contingent Interest Payment and any previously unpaid contingent interest. If the notes are not called and the Final Value is below the Trigger Value, repayment of principal is reduced 1% for every 1% decline from the Initial Value, potentially resulting in a total loss. A hypothetical Contingent Interest Rate of 11.25% per annum (0.9375% per month) is illustrated, and the estimated value is shown as approximately $970.00 per $1,000 note, with a final estimated value not less than $950.00 per $1,000 note.

JPMorgan Financial 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 on February 3, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only if, on each Interest Review Date, the closing level of every index is at least 70.00% of its Initial Value, with a Contingent Interest Rate of at least 9.50% per annum.

The notes are automatically called on quarterly Autocall Review Dates if the closing level of 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 on the final Review Date any index closes below its 70.00% Trigger Value, investors receive $1,000 plus $1,000 times the return of the Least Performing Index and can lose a significant portion or all of their principal. The estimated value, if priced today, would be about $974.00 per $1,000 note and will not be less than $900.00, the notes are unsecured, not FDIC insured, may be illiquid, and offer no dividend rights on the underlying indices.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to February 1, 2029 and pay a monthly Contingent Interest Payment only when the closing level of each index on an Interest Review Date is at least 70% of its Initial Value.

The notes are automatically called on quarterly Autocall Review Dates if each index is at or above its Initial Value, returning principal plus that period’s contingent interest, with no further payments. If the notes are not called and, on the final Review Date, any index is below its Trigger Value (70% of Initial Value), repayment is reduced 1% for each 1% decline in the Least Performing Index, potentially to zero. The notes are unsecured, not FDIC‑insured, not listed on an exchange, have an estimated value below the $1,000 issue price, and involve complex tax and withholding considerations, especially for non‑U.S. holders.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, 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 Review Date each index closes at or above 70% of its Initial Value, and may be redeemed early at the issuer’s option on certain Interest Payment Dates starting May 5, 2026.

If the notes are not redeemed early and on the final Review Date any index finishes below its 70% Trigger Value, investors receive $1,000 plus $1,000 times the Least Performing Index Return, which can mean a significant principal loss. A hypothetical Contingent Interest Rate of 10.50% per annum (0.875% per month) illustrates potential payments, with the actual rate expected between 10.50% and 12.50% per annum. The estimated value, if priced today, would be about $972.40 per $1,000 note, and will not be less than $900.00, reflecting embedded selling, structuring and hedging costs, as well as the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the S&P MidCap 400 Index, maturing on July 26, 2027. The notes provide 1.50x upside on any Index gain, but returns are capped at a maximum return of at least 20.10%, corresponding to a maximum payment of at least $1,201 per $1,000 note.

If the Index is flat or down by up to the 10% buffer at maturity, investors receive their $1,000 principal. If the Index falls by more than 10%, principal is reduced 1% for each additional 1% decline, with losses of up to 90% of principal possible. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. If priced on the reference date in the document, the estimated value would be about $994.90 per $1,000 note and will not be less than $970.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked 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 can be automatically called quarterly starting July 30, 2026 if each index closes at or above its Initial Value, returning principal plus the applicable contingent interest.

Monthly contingent interest is paid only when each index closes at or above 70.00% of its Initial Value, with a Contingent Interest Rate of at least 9.10% per annum. If the notes are not called and any index finishes below its 70.00% Trigger Value at maturity, repayment is reduced one-for-one with the decline of the least performing index and investors can lose all principal. The notes are unsecured, not FDIC insured, have limited upside to interest payments only, and an estimated value that will not be less than $900.00 per $1,000 principal amount note.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay monthly contingent interest only if the closing level of each index on an Interest Review Date is at or above 70% of its Initial Value, and they may be automatically called quarterly starting on the July 30, 2026 Autocall Review Date if each index is at or above its Initial Value.

If the notes are not called and, on the final Review Date, the least performing index is at or above 70% of its Initial Value, investors receive principal plus the final contingent interest. If the least performing index finishes below this Trigger Value, repayment of principal is reduced one-for-one with the index loss, potentially to zero. A sample table uses a hypothetical contingent interest rate of 9.25% per annum (0.77083% per month).

The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The issuer estimates the value would be about $976.60 per $1,000 note if priced on the indicated date and states the final estimated value will not be less than $900.00 per $1,000. The disclosure highlights significant risks, including loss of principal, the possibility of receiving no interest, limited liquidity, complex tax treatment and potential adverse U.S. withholding for non-U.S. holders.

JPMorgan Chase Financial Company LLC is issuing $12,000,000 of Callable Contingent Interest Notes linked to the least performing of the Russell 2000® Index, Nasdaq-100 Index® and EURO STOXX 50® Index, maturing on July 16, 2027 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 13.05% per year, or $10.875 per $1,000 monthly, but only if on each Review Date every index is at or above 65% of its Strike Value; otherwise no interest is paid for that period. Principal is at risk: if any index ever closes below 70% of its Strike Value during the Monitoring Period and finishes below its Strike Value at maturity, repayment is reduced in line with the worst-performing index, potentially to zero.

JPMorgan may redeem the notes early on specified Interest Payment Dates starting July 16, 2026 at $1,000 plus the applicable contingent interest. The price to the public is $1,000 per note, including $2 in fees, while the initial estimated value is $988.50 per $1,000 note, reflecting selling, structuring and hedging costs.

JPMorgan Chase & Co. is offering callable zero coupon notes due January 30, 2051. The notes are issued at an original price of $228.107 per $1,000 principal amount, pay no periodic interest and are designed to accrete at a 6.00% annual yield to maturity, compounded semiannually. If held to maturity and not previously redeemed, investors receive 100% of the $1,000 principal amount per note.

JPMorgan may redeem the notes in whole on January 30 and July 30 of each year from 2028 through 2050 at the applicable accreted principal amount shown in the accretion schedule. In an event of default, the accelerated payment per $1,000 note equals the accreted principal amount on the acceleration date. The notes are unsecured obligations of JPMorgan, structurally subordinated to its subsidiaries, and could absorb losses under U.S. “single point of entry” resolution strategies. They are expected to be issued with original issue discount for U.S. federal tax purposes.

JPMorgan Chase Financial Company LLC is offering floating rate notes due January 22, 2066, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, pays interest quarterly, and returns principal at maturity if not repurchased earlier.

The notes pay a variable interest rate each period equal to the applicable Benchmark Rate (initially Compounded SOFR for the relevant observation period) plus 0.15%, subject to a minimum interest rate of 0.00% per year. Interest is calculated on a 30/360 day-count basis and paid on the 22nd of January, April, July and October, beginning April 22, 2026.

Holders may request early repurchase on January 22 of each year from 2029 through 2065, subject to strict notice and timing procedures. The repurchase price per $1,000 note is $970 from January 22, 2029–2030, $980 from 2031–2032, $990 from 2033–2035, and $1,000 from 2036–2065, plus accrued interest, so investors who exit before 2036 receive less than principal.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked individually to the Nasdaq-100, Russell 2000 and S&P 500. Investors receive a monthly Contingent Interest Payment only when the closing level of each index on an Interest Review Date is at or above 70% of its Initial Value. The notes may be automatically called quarterly, starting on July 27, 2026, if each index is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments.

If the notes are not called and, on the final Review Date, the least performing index is at or above 70% of its Initial Value, investors receive $1,000 plus the final contingent interest. If the least performing index is below that Trigger Value, repayment of principal is reduced in line with the index loss, and investors can lose a significant portion or all of their investment. A hypothetical contingent interest rate of 7.25% per annum (0.60417% per month) is illustrated, and the estimated value is indicated around $955.90 per $1,000, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is issuing $1,025,000 of Uncapped Accelerated Barrier Notes due January 19, 2029, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index, and fully guaranteed by JPMorgan Chase & Co. At maturity, if all three indices finish above their initial levels, investors receive their principal plus 1.42 times the gain of the worst-performing index. If any index finishes at or below its initial level but at or above 70% of its initial value, principal is returned. If any index finishes below its 70% barrier, repayment is reduced one-for-one with the loss of the worst index, and all principal can be lost. The notes pay no interest or dividends, are unsecured obligations, and their value and payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $909,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing January 17, 2031.

The notes can be automatically called on scheduled Review Dates starting January 19, 2027 if the Index is at or above the Call Value, paying $1,000 plus a fixed call premium of 20% to 100% of principal per note depending on the call date. If not called, holders receive full principal at maturity only if the Index has fallen by no more than the 15% buffer; below that, repayment is reduced dollar-for-dollar, with up to 85% of principal at risk.

The Index tracks leveraged, volatility-targeted exposure to the Invesco QQQ Trust with a 6.0% per annum daily deduction and a notional financing cost, which together drag on performance and cause it to trail a similar index without these charges. The notes pay no interest or dividends, are not FDIC insured, and their value and payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing in January 2029.

The notes can pay a monthly Contingent Interest Payment if on a Review Date the closing value of each underlying is at least 70.00% of its Initial Value, and missed coupons can be paid later if conditions are met. Automatic call can occur as early as July 21, 2026 if each underlying is at or above its Initial Value, returning principal plus applicable interest. If the notes are not called and any underlying finishes below its Trigger Value of 60.00% of Initial Value, repayment is reduced one-for-one with the decline of the least performing underlying, and investors can lose a substantial portion or all of principal.

The hypothetical Contingent Interest Rate is shown as 8.70% per annum, and if priced today the estimated value is about $950.60 per $1,000 note, with a minimum estimated value at issuance of $900.00 per $1,000. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, do not pay dividends on the underlying assets and involve additional risks tied to small-cap, non-U.S. and banking-sector exposures.

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. The notes provide unleveraged upside to the Index, capped at a Maximum Upside Return of at least 13.50%, so the maximum payment at maturity for a positive Index Return is $1,135 per $1,000 note. If the Index falls by up to the 10.00% Buffer Amount, investors still receive a positive return equal to the Index’s absolute decline, up to $1,100 per $1,000 note. If the Index declines by more than 10.00%, principal is lost at 1.11111% for each additional 1% drop. The Index Strike Level is 6,944.47, the S&P 500® closing level on January 15, 2026. The notes have a Valuation Date of April 15, 2027 and a Maturity Date of April 20, 2027, in minimum denominations of $10,000. The issuer indicates that, if priced on the example date, the estimated value would be about $984.70 per $1,000 note and will not be less than $970.00 when finalized.

JPMorgan Chase Financial Company LLC is offering $1,100,000 of capped notes linked to the SPDR® Gold Trust (GLD). The two-year notes, guaranteed by JPMorgan Chase & Co., give 100% participation in any positive fund return but cap gains at a maximum additional amount of $217.50 per $1,000, a 21.75% maximum return at maturity.

If the final GLD share price is at or below the $421.63 share strike price, the payoff is $1,000 plus the fund return, with a minimum of $950 per $1,000 note, so investors can lose up to 5% of principal and forgo any inflation protection. The notes pay no interest or dividends and carry the credit risk of both the issuer and guarantor.

The price to the public is $1,000 per note, including $15 in selling commissions, for net proceeds of $985 per note, or $1,083,500 in total. The estimated value at pricing was $979.50 per $1,000 note, reflecting structuring and hedging costs. For U.S. tax purposes, the issuer intends to treat the notes as contingent payment debt instruments, requiring accrual of original issue discount based on a 4.27% comparable yield.

JPMorgan Chase Financial Company LLC is offering $900,000 of stepdown review notes linked separately to the S&P 500, Russell 2000 and EURO STOXX 50 indices. The notes have $1,000 denominations, no interest payments and can be automatically called on review dates in 2027, 2028 or 2029 if each index is at or above its call level, triggering fixed premiums of 9.90%, 19.80% or 29.70% of principal.

If the notes are not called and the least performing index finishes below 70% of its strike level, principal is reduced 1% for each 1% decline beyond a 30% buffer, up to a total loss. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed on an exchange. The price to the public is $1,000 per note, with proceeds to the issuer of $980 per note, and an estimated value of $959.50.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Tesla, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 minimum denomination.

The notes pay a contingent interest rate of at least 15.75% per annum, credited monthly, but only for Review Dates when Tesla’s closing price is at or above 50% of the Initial Value, which serves as both the Interest Barrier and Trigger Value. The notes may be automatically called starting April 23, 2026 if Tesla’s price on a Review Date (other than the first, second and final) is at or above the Initial Value, returning $1,000 plus the applicable contingent interest.

If not called and Tesla’s final price is at or above the Trigger Value, investors receive $1,000 plus the last contingent interest payment at maturity on January 26, 2029. If the final price is below the Trigger Value, repayment is reduced one-for-one with Tesla’s decline, so investors can lose more than 50% and up to all of their principal. The notes are unsecured, not FDIC insured, not listed on an exchange, and an example estimated value is $969.90 per $1,000 note, with a minimum estimated value of $900.00.

JPMorgan Chase & Co. is offering $6,000,000,000 of senior notes across three tranches: $400,000,000 floating rate notes due 2032, $2,600,000,000 fixed-to-floating rate notes due 2032, and $3,000,000,000 fixed-to-floating rate notes due 2037. The 2032 fixed-to-floating notes pay a fixed 4.347% annual rate until January 22, 2031, then switch to a floating rate of Compounded SOFR plus 0.840% until maturity. The 2037 fixed-to-floating notes pay 4.898% annually until January 22, 2036, then float at Compounded SOFR plus 1.070%.

The separate 2032 floating rate notes pay Compounded SOFR plus 0.840%, with interest paid quarterly. All notes are unsecured, unsubordinated obligations, sold at 100% of principal with underwriting discounts, generating approximately $5,976,000,000 in proceeds. JPMorgan Chase will contribute the net proceeds to JPMorgan Chase Holdings LLC for general corporate purposes, including funding subsidiaries, paying dividends, redeeming securities and potential acquisitions. The notes will not be listed on a securities exchange and may be redeemed early on specified dates at defined prices.

JPMorgan Chase & Co. is offering callable fixed rate notes due April 23, 2029. The notes pay fixed interest at an annual rate of 4.00%, with interest paid in arrears each January 23 starting in 2027 and on the maturity date, using a 30/360 day count convention.

The issuer may redeem the notes early, in whole but not in part, on the 23rd day of January, April, July and October from January 23, 2028 through January 23, 2029, at par 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 that under JPMorgan Chase & Co.’s preferred “single point of entry” resolution strategy, losses in a failure scenario would be borne first by equity and then by unsecured creditors, including holders of these notes, who would rank behind creditors of its subsidiaries.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued at $1,000 each, for a total offering of $1,090,000, with selling fees of $15.83 per note and proceeds to the issuer of $984.17 per note. If the Index on the March 15, 2027 Review Date is at or above the strike level of 6,963.74, the notes are automatically called for $1,000 plus an 11.15% call premium. If not called, at March 16, 2028 maturity investors get 1.50 times any positive Index return, principal back if the Index is down by up to 20%, and a 1-for-1 loss beyond that, which can mean losing most or all principal. The notes pay no interest or dividends, are unsecured, and had an estimated value of $978.40 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Medium-Term Notes, Series A called Capped Buffered Enhanced Participation Basket-Linked Notes due April 23, 2027. Each note has a $1,000 principal amount and pays no interest. The return depends on an unequally weighted equity index basket: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).

The initial basket level is set at 100. At maturity, if the final basket level is above 100, investors receive 1.5x any positive basket return, capped at a maximum settlement amount expected between $1,183.60 and $1,215.40 per $1,000 note. If the basket falls up to 10%, investors receive full principal back. If it falls more than 10%, losses are magnified by a buffer rate of about 1.1111, and investors can lose their entire investment.

The notes will not be listed on any exchange and are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The original issue price is 100% of principal, with selling commissions up to 0.92%. The estimated value at pricing is expected between $978.10 and $988.10 per $1,000 note, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the iShares Ethereum Trust ETF. Each note has a $1,000 denomination and may be automatically called on February 3, 2027 if the ETF’s price is at or above the Call Value, paying $1,000 plus a call premium of at least $280.

If not called, at maturity in February 2029 investors receive 1.50 times any positive Fund return, full principal back if the ETF stays at or above 60% of its initial level, and suffer 1:1 losses below that barrier, with the possibility of losing all principal. The preliminary estimated value is about $899.20 per $1,000 note and will not be less than $880.00, and the notes pay no interest, are unsecured, and carry significant risks tied to ether’s high volatility and evolving regulation.

JPMorgan Chase Financial Company LLC is offering $1,500,000 of auto callable contingent interest notes linked to the S&P 500® Index. The notes pay a Contingent Interest Payment of $20.00 per $1,000 principal amount on each Interest Payment Date if, on the related Review Date, the Index is at or above an Interest Barrier of 5,570.992, equal to 80.00% of the Index Strike Level of 6,963.74. Any missed interest can be paid later if the barrier is met on a subsequent Review Date.

The notes may be automatically called on any non‑final Review Date from May 13, 2026 onward if the Index is at or above the Index Strike Level, returning $1,000 per note plus the applicable Contingent Interest Payment and any unpaid Contingent Interest Payments. If the notes are not called and the Ending Index Level on February 16, 2027 is below the Trigger Level of 5,570.992, principal is reduced 1% for every 1% the Index is below the strike, so investors can lose more than 20.00% and up to all of their 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 an exchange. The price to public is $1,000.00 per note, with underwriting fees of $10.42 and proceeds to the issuer of $989.58 per note; the estimated value at pricing was $980.50 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $693,000 of structured "Review Notes" linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on January 17, 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes can be automatically called on scheduled Review Dates starting January 19, 2027 if all three indices are at or above 100% of their Initial Values, paying back $1,000 plus a call premium that steps up from 7.55% to 37.75%. If not called, and each Final Index Value is at least 70% of its Initial Value, investors receive their principal plus the absolute value of the loss on the worst index, capped at a 30.00% gain (maximum payment $1,300 per $1,000 note).

If any index finishes below its 70% Barrier Amount and the notes have not been called, repayment is reduced one-for-one with the decline of the worst index, and investors can lose most or all principal. The notes pay no interest or dividends, are unsecured, are not FDIC insured, and may be hard to sell before maturity. The price to public is $1,000 per note, with estimated value of $928.90 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $17,809,500 of Trigger Callable Yield Notes linked to the lesser performing of the Russell 2000 Index and the EURO STOXX 50 Index. The Notes pay a fixed Coupon at a 9.50% per annum rate (about $0.0792 per $10 Note monthly) regardless of index performance, unless the Notes are called early.

The Notes have a 15‑month term from the January 20, 2026 original issue date to the April 20, 2027 maturity date and are callable monthly after an initial three‑month non‑call period. If called, investors receive the $10 principal per Note plus the applicable Coupon. If not called and on the Final Valuation Date both indices are at or above 70% of their Initial Values (Downside Thresholds of 1,856.146 for the Russell 2000 and 4,203.54 for the EURO STOXX 50), investors receive full principal plus the final Coupon.

If either index finishes below its Downside Threshold, repayment of principal is reduced based on the loss of the lesser performing index, and investors can lose a significant portion or all of their investment. The Notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $9.896 per $10 principal amount Note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,473,000 of Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on January 20, 2033. Each $1,000 note may be automatically called on January 20, 2027 if the Index is at or above its Initial Value, paying $1,000 plus a fixed call premium of $185.

If not called, at maturity investors receive 2.00 times any positive Index return, full principal back if the Index is at or above 70% of its Initial Value, and a one-for-one loss below that barrier, which can lead to losing all principal. The notes pay no interest, are unsecured, not insured by the FDIC, and priced at $1,000 with $7.50 in selling commissions per note and an estimated value of $974.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due January 31, 2031 linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors may receive contingent quarterly interest only if the Index is at or above 60% of its initial level on a Review Date, with any missed coupons paid later once the barrier is met. Beginning with the fourth Review Date, the notes are automatically called if the Index is at or above its initial level, returning principal plus the applicable coupon and any unpaid coupons.

If the notes are not called and the Index is at or above 60% of its initial level at maturity, investors receive full principal plus the final and any unpaid coupons; if it is below 60%, repayment is reduced one-for-one with the Index loss, down to zero. The Index uses leveraged S&P 500 futures and is subject to a 6.0% per annum daily deduction. The notes are unsecured, not FDIC insured, and carry credit risk of both JPMorgan Financial and JPMorgan Chase & Co. A preliminary estimated value is about $891.80 per $1,000 note, and will not be less than $880.00.

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

Investors receive a Contingent Interest Payment for each Review Date when the Index closes at or above 60% of its Initial Value, and the notes are automatically called from the fourth Review Date onward if the Index is at or above its Initial Value. If the notes are not called and the Index finishes below the 50% Trigger Value, principal is reduced in line with the Index loss, up to a total loss.

The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which drags on performance versus a similar index without this charge. The preliminary estimated value is about $889.40 per $1,000 note and will not be less than $870.00 at pricing, reflecting selling commissions, hedging costs and issuer funding. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, uninsured obligations.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to pay a contingent interest rate of at least 12.00% per annum, but interest is only paid for a Review Date if AMD’s closing share price is at or above an Interest Barrier set at 50.00% of the Initial Value. Missed interest can accrue and be paid later if the barrier is met on a future Review Date.

The notes may be automatically called as early as July 22, 2026 if AMD’s share price on an applicable Review Date (other than the first five and the final) is at or above the Initial Value, returning $1,000 per note plus due interest. If the notes are not called and AMD’s Final Value is below the Trigger Value, also 50.00% of the Initial Value, investors lose 1% of principal for each 1% AMD has fallen and can lose their entire investment. The estimated value is illustrated at about $958.80 per $1,000 note if priced on the indicated date and will not be less than $900. The notes are unsecured, not FDIC insured, may be illiquid, and are subject to issuer, guarantor, market, and complex tax and withholding risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Income Auto-Callable Securities due January 26, 2029 linked to the common stock of Valero Energy Corporation. Each security has a $1,000 stated principal amount and issue price, with investors receiving a contingent quarterly payment of at least $26.875 (2.6875%) per security when, on a determination date, Valero’s closing price is at or above 60% of the initial stock price, the downside threshold level.

If on any non-final determination date Valero’s closing price is at or above the initial stock price, the note is automatically redeemed for $1,000 plus the applicable contingent payment, and no further payments are made. If not redeemed early, and the final stock price is at or above the downside threshold, holders receive $1,000 plus the final contingent payment at maturity. If the final stock price is below the downside threshold, repayment is reduced 1-to-1 with the stock decline, resulting in less than 60% of principal and possibly zero. The securities do not participate in stock upside, are not listed on any exchange, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is approximately $964.80 per $1,000, and will not be less than $940.00 on the pricing date.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Amazon.com, Inc., maturing on January 25, 2029.

The notes may pay a quarterly Contingent Interest Payment of at least $36.25 per $1,000 (at least 14.50% per annum) for any Review Date on which Amazon’s share price is at or above 80.00% of the Initial Value, called the Interest Barrier. If the stock closes below this barrier on a Review Date, no interest is paid for that quarter.

The notes are automatically called if on any non-final Review Date Amazon’s share price is at or above the Initial Value, returning $1,000 per note plus the due interest, with no further payments. If the notes are not called and the Final Value is below the 80.00% Trigger Value, repayment at maturity is reduced dollar-for-dollar with the stock’s decline, and investors can lose a significant portion or all of their principal.

The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The issuer estimates the notes’ value at approximately $960 per $1,000 if priced today and states it will not be less than $940 per $1,000 when finalized, reflecting embedded costs and hedging factors.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,087,000 of structured notes linked to the MerQube US Large-Cap Vol Advantage Index, with $1,000 minimum denominations. The notes can be automatically called as early as January 19, 2027 if the Index is at or above a preset Call Value, paying back $1,000 plus a fixed call premium that starts at 22% of principal and can reach up to 132% on the final Review Date.

If the notes are not called, investors receive full principal at maturity only if the final Index level is at or above a Barrier Amount set at 60% of the initial level; below that barrier, repayment is reduced one-for-one with the Index decline, and the entire principal can be lost. The Index itself incurs a 6.0% per annum daily deduction, which drags performance and may cause it to lag similar strategies without such a fee. The price to public is $1,000 per note, while the estimated value at pricing was $939.10, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured callable review notes linked to the MerQube US Tech+ Vol Advantage Index, maturing February 1, 2029. The notes can be automatically called as early as July 28, 2026 if the Index closes at or above 100% of its initial level, paying $1,000 plus a Call Premium Amount that starts at at least 9.050% of principal and steps up to at least 54.300% on the final Review Date.

If the notes are not called, investors receive full principal at maturity only if the Index’s final level is at or above 60% of its initial level. If the final level is below this barrier, the payoff is $1,000 plus $1,000 times the Index return, so losses move one-for-one with the Index and can reach a total loss of principal. The Index includes a 6.0% per annum daily deduction and a notional financing cost on its QQQ Fund exposure, which act as a persistent drag on performance. The notes pay no interest or dividends and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $906.20 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 $1,500,000 of callable contingent interest notes due January 20, 2028, linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF. The notes pay a contingent interest rate of 8.45% per annum for any Review Date on which each underlying closes at or above 80% of its initial value, and may be redeemed early at the issuer’s option on specified Interest Payment Dates starting July 17, 2026.

Principal is protected only by a 20% downside buffer; if the notes are not redeemed early and the final value of the least performing underlying is below its buffer threshold, investors lose 1% of principal for each 1% decline beyond 20%, up to an 80% loss. The price to the public is $1,000 per note, including $9.50 in selling commissions, while the issuer’s estimated value is $974.70 per $1,000, reflecting structuring and hedging costs. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry significant market, credit, liquidity, sector and tax risks.