Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due December 23, 2027, linked individually to the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF, and fully guaranteed by JPMorgan Chase & Co.

Investors receive a contingent interest payment only on review dates when the closing value of each underlying is at or above 70% of its initial value; otherwise no interest is paid. If the notes are not redeemed early and, at maturity, the least performing underlying is at or above 60% of its initial value, investors receive full principal plus any final contingent interest, but if it is below 60%, repayment is reduced 1% for each 1% decline, up to a complete loss of principal.

The issuer may redeem the notes early on certain interest payment dates, returning $1,000 per note plus the applicable interest. The hypothetical contingent interest rate is 8.50% per annum, and the estimated value is approximately $955.60 per $1,000 note, with a minimum estimated value at pricing of $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes carry credit, market, sector concentration, liquidity and complex tax risks, and pay no dividends from the underlying assets.

JPMorgan Chase Financial Company LLC is offering auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 31, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes do not pay interest and are designed to return principal plus a premium if the Index closes at or above 100% of its initial level on a Review Date, starting February 3, 2027.

If called, investors receive $1,000 per note plus a Call Premium Amount that is at least 19.35% on the first Review Date and increases by schedule up to at least 96.75% on the final Review Date. If not called, and the Final Value is at or above 50% of the Initial Value (the Barrier Amount), principal is repaid at maturity. If the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 times the Index Return, so losses greater than 50% and up to total loss of principal are possible.

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 acts as a drag on performance. The indicative estimated value is approximately $886 per $1,000 note if priced today and will not be less than $870 per $1,000 at pricing. The notes are unsecured, not FDIC insured, may be illiquid, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as futures, leverage, and index-methodology risks.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked separately to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, maturing in January 2029 and fully guaranteed by JPMorgan Chase & Co.

Investors may receive monthly Contingent Interest Payments at a rate expected to be at least 8.60% per annum, but only for Review Dates when the closing level of each index is at or above 70.00% of its Initial Value. The issuer can redeem the notes early, in whole, on certain Interest Payment Dates starting July 28, 2026, paying $1,000 plus the applicable contingent interest.

If the notes are not redeemed early and, on the final Review Date, any index closes below its 70.00% Trigger Value, the maturity payment is reduced 1% for each 1% decline of the Least Performing Index from its Initial Value, which can result in a substantial or total loss of principal. If all three indices finish at or above their Trigger Values, investors receive $1,000 plus the final contingent coupon. The preliminary estimated value is about $949.80 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. The notes are unsecured, not bank deposits, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Financial is offering $926,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note pays a contingent interest rate of 12.50% per annum (1.04167% monthly) only if, on a given review date, the index closes at or above 70% of its initial value.

The notes may be automatically called as early as July 14, 2026 if, on specified review dates, the index closes at or above its initial value, in which case investors receive $1,000 plus that period’s contingent interest and no further payments. If the notes are not called and at maturity the index is below the 50% trigger value, principal is reduced 1% for every 1% decline in the index, potentially to zero.

The underlying volatility-controlled index uses leveraged exposure of up to 500% to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags performance relative to a similar index without a fee. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., may pay no interest, can be illiquid, and have an estimated value of $942.50 per $1,000 at pricing, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,047,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing January 17, 2031. Each note has a $1,000 denomination and may be automatically called as early as January 19, 2027 if the Index is at or above a set Call Value, paying back $1,000 plus a growing call premium that reaches 55.75% on the final review date.

The notes do not pay interest or dividends, and investors can lose up to 85.00% of principal at maturity if the Index falls more than the 15.00% buffer. The underlying Index uses dynamic leverage up to 500%, targets 35% implied volatility, and is subject to both a 6.0% per annum daily deduction and a daily notional financing cost, which together drag performance and cause the Index to lag an equivalent index without these charges.

The price to the public is $1,000 per note, including $41.50 in fees and commissions, while the issuer’s estimated value is $906.70 per $1,000 note. The notes carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may be difficult to sell before maturity.

JPMorgan Chase Financial Company LLC is offering auto-callable review notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have minimum denominations of $1,000 and may be automatically called as early as January 29, 2027 if the Index closes at or above its Call Value, paying back principal plus a Call Premium Amount.

If the notes are not called and the Final Value is at or above a Barrier Amount set at 60.00% of the Initial Value, investors receive only their principal at maturity. If the Final Value is below the Barrier Amount, repayment is reduced one-for-one with the Index loss, leading to a loss of more than 40% and potentially all principal.

The Index embeds a 6.0% per annum daily deduction and the QQQ Fund exposure is subject to a notional financing cost, which together drag on Index performance and can cause it to lag similar strategies without these charges. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and do not pay interest or dividends. If priced on the example date, the estimated value would be approximately $896.10 per $1,000 note, and when finally set will not be less than $880.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered return enhanced notes linked to the Global X Silver Miners ETF (SIL) and due January 27, 2028. The notes may be automatically called on January 28, 2027 at 100% of principal plus a call premium of at least $235.00 per $1,000 principal amount if the ETF closes at or above the Call Value.

If not called and the ETF finishes above its Initial Value at maturity, investors receive 1.50 times the ETF’s positive return; if the ETF is flat or down by up to the 20.00% buffer, principal is returned. If the ETF falls by more than 20.00%, investors lose 1% of principal for each additional 1% decline, up to an 80.00% loss. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. If priced today, the estimated value would be approximately $971.10 per $1,000, and the final estimated value will not be less than $950.00. The notes will not be listed, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 7-year, non-call 1-year auto callable notes linked to the MerQube US Tech+ Vol Advantage Index. The Index provides rules-based exposure to an unfunded position in the Invesco QQQ Trust, with dynamic leverage between 0% and 500%, and reflects a 6.0% per annum daily deduction plus a notional financing cost on the QQQ Fund.

The notes may be automatically called after the first year if the Index level on any daily Review Date is at or above the Call Value, paying $1,000 plus a Call Premium Amount based on a Call Premium Rate that will not be less than 20.00%. If not called and the Final Value is at or above 60.00% of the Initial Value, investors receive principal back at maturity; otherwise the payoff is $1,000 plus $1,000 times the Index Return, which can lead to a loss of more than 40% and up to all principal.

The minimum denomination is $1,000, and the estimated value when set will not be less than $900.00 per $1,000 note. Payments depend on the credit of both issuing and guaranteeing entities, and investors do not receive interest, dividends, or voting rights. The structure embeds significant risks, including index fees, leverage, potential lack of liquidity, and tax uncertainty.

JPMorgan Chase Financial Company LLC is offering auto-callable review notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to pay back principal plus a call premium if, on any review date from February 4, 2027, the index closing level is at or above the call value, set at 100% of the initial index level.

The call premium amount is based on a call premium rate of at least 20.00%, scaled by time outstanding, and can grow substantially over the life of the notes, which mature on February 8, 2033. If the notes are not called and the final index level is at or above the barrier amount of 60.00% of the initial value, investors receive full principal at maturity; if it is below that barrier, repayment is reduced one-for-one with the index loss, and investors can lose all principal.

The underlying index reflects a 6.0% per annum daily deduction, and the QQQ Fund exposure is reduced by a notional financing cost tied to SOFR plus a spread, which together create a persistent drag on index performance. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and an estimated value of approximately $923.60 per $1,000 principal amount is cited for illustration, 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 yield notes linked to the lesser performing of Palantir Class A stock and Apple common stock, maturing April 26, 2027. The notes pay at least 15.90% per annum, credited monthly at a rate of at least 1.325%, as long as they are outstanding.

The notes are automatically called if, on a review date before maturity, the closing price of one share of each reference stock is at or above its 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 of each stock is at least 50% of its initial value (the trigger), investors receive full principal plus the final interest payment. If either stock finishes below its trigger, the maturity payment is reduced in proportion to the loss of the lesser performing stock, and investors can lose more than 50% or all of their principal.

The notes are unsecured, unsubordinated obligations, not bank deposits, and are not FDIC insured. The preliminary estimated value is about $981.80 per $1,000 note and will not be less than $950. They will not be listed on an exchange, and secondary prices may be lower than the issue price. The issuer intends to treat the notes for U.S. tax purposes as a combination of a deposit and a put option written by the investor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering step-up auto callable notes linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER, maturing on February 3, 2033. The notes may be automatically called as early as February 2, 2027 if the index closes at or above preset call values, paying back the $1,000 principal per note plus a fixed call premium that steps up over six review dates.

If the notes are not called, investors receive full principal at maturity plus any index appreciation, calculated at a 100% participation rate, while forgoing periodic interest and dividends. The index targets 5% volatility and reflects a daily 0.50% annual deduction and notional financing cost, and the preliminary estimated value is approximately $906.40 per $1,000 note, not less than $900. The notes are unsecured, not FDIC-insured, and subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 31, 2031, in minimum denominations of $1,000. The notes can be automatically called as early as January 29, 2027 if the Index is at or above preset Call Values, paying back principal plus a Call Premium Amount based on a Call Premium Rate of at least 14.00%. If never called and the Final Value is below the 60% Barrier Amount, repayment is $1,000 + ($1,000 × Index Return), so investors can lose more than 40% and up to all principal. The Index uses leveraged E-mini S&P 500 futures with a 6.0% per annum daily deduction, which creates a persistent drag on index performance. The issuer estimates the initial economic value at about $887 per $1,000 note, and not less than $870, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as February 2027 if the Index is at or above the call level, paying back principal plus a fixed call premium for each review date. If not called and the Index ends above its initial level, investors receive an uncapped payoff equal to 5.00 times the Index gain; if the Index ends at or above 50% of its initial level, only principal is returned. If the Index finishes below 50% of its initial level, investors lose principal in full proportion to the Index decline and could lose their entire investment. The Index itself includes a 6.0% per annum daily deduction, which drags on performance, and the preliminary estimated value of each $1,000 note is approximately $890.70, not less than $880.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Enhanced Participation Basket-Linked Notes due July 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 to 100. At maturity, if the basket has risen, investors receive 1.5x the basket return, but the payout is capped, with a cap level expected between 119.86% and 123.30% of the initial basket level and a maximum settlement amount expected between $1,297.90 and $1,349.50 per $1,000 note. If the basket falls, the first 7.50% decline is buffered; below a basket level of 92.50%, principal is lost on a leveraged basis using a buffer rate of approximately 1.0811, and investors can lose their entire investment.

The notes are unsecured and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may have limited liquidity. The estimated value at pricing is expected between $975.60 and $985.60 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions, so secondary market prices are expected to start below the issue price.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of three equity indices: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing December 31, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes aim to pay a monthly Contingent Interest Payment, at a rate that will be at least 9.50% per annum (0.79167% per month in the examples), for each Review Date on which the closing level of every index is at or above 72.00% of its Initial Value. If any index is below this Interest Barrier on a Review Date, no interest is paid for that period.

The issuer can redeem the notes early, in whole, on specified interest payment dates starting May 1, 2026, paying $1,000 per note plus the applicable contingent interest. If not redeemed early, principal repayment at maturity depends on the Least Performing Index: if its Final Value is at or above 70.00% of its Initial Value, investors receive $1,000 per note (plus any final interest); if it is below 70.00%, repayment is reduced one-for-one with the index loss, potentially down to zero.

The notes are unsecured, will not be listed, and secondary market prices are expected to be below the $1,000 issue price. If priced on the date of the example, the estimated value would be approximately $962.10 per $1,000 note, and the final estimated value provided at pricing will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100 Technology Sector 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 when the closing level of each index on a Review Date is at least 80% of its Initial Value, with a Contingent Interest Rate of at least 10.35% per annum (0.8625% per month). They can be redeemed early at the issuer’s option on any Interest Payment Date from April 28, 2026, returning $1,000 plus any due contingent interest. If held to maturity and not redeemed, investors receive $1,000 plus the final contingent coupon if each index is at or above its 85% Buffer Threshold, but can lose up to 85% of principal if the least performing index finishes more than 15% below its Initial Value. The estimated value is approximately $980.60 per $1,000 note on the trade date and will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in January 2031 and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent quarterly coupon only if, on a Review Date, the Index is at or above 60% of its Initial Value. The coupon rate will be at least 10.65% per annum.

The notes may be automatically called starting January 28, 2027 if, on a Review Date (other than the first three and final), the Index closes at or above its Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments. If the notes are not called and the Final Index Value is below 50% of the Initial Value, repayment of principal is reduced one-for-one with the Index loss, and investors can lose a significant portion or all of their investment.

The Index employs a volatility-targeting strategy with exposure to the Invesco QQQ Trust of up to 500%, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, creating a persistent drag. The notes are unsecured obligations subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and have an estimated value of about $896.60 per $1,000 principal, not less than $880.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured callable contingent interest notes linked separately to the Nasdaq-100 Index®, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing in December 2027. The notes pay a monthly Contingent Interest Payment only if, on a Review Date, the closing value of each underlying is at or above 60% of its Initial Value (the Interest Barrier); missed interest can be paid later if the condition is met on a subsequent date.

The issuer may redeem the notes early on specified Interest Payment Dates, starting July 24, 2026, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not redeemed and, at maturity, the worst-performing underlying is at or above its 60% Trigger Value, investors receive $1,000 plus the final and any unpaid contingent interest. If the worst-performing underlying ends below its Trigger Value, repayment is reduced one-for-one with its decline, potentially to zero.

The hypothetical contingent interest rate is illustrated at 8.45% per annum (0.70417% per month), and the estimated value is shown at approximately $957.50 per $1,000, not less than $900. Key risks include loss of principal, the possibility of no interest, dependence on JPMorgan credit, sector and index concentration, complex tax treatment and limited liquidity, as the notes are not exchange-listed.

JPMorgan Chase Financial Company LLC is offering 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 pay a contingent coupon only if on a Review Date each index closes at or above 70% of its Initial Value, and principal is protected at maturity only if each final index level is at or above 65% of its Initial Value.

The notes are callable at the issuer’s option on specified Interest Payment Dates starting July 30, 2026 and, if not called, are scheduled to mature on January 2, 2031. The indicative contingent interest rate is at least 9.50% per annum, with a hypothetical table showing total coupons up to about $467 per $1,000 note if all 59 payments are made.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial with minimum denominations of $1,000, are not listed on an exchange and may be difficult to sell. The estimated value is illustrated at approximately $968 per $1,000 note and will not be less than $900 due to embedded selling, structuring and hedging costs, and investors face the risk of losing some or all principal and receiving no interest.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked separately to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on December 28, 2027. The notes pay a monthly contingent interest rate of at least 10.25% per annum only when the closing level of each index on a review date is at or above 70.00% of its Initial Value, the Interest Barrier.

The issuer may redeem the notes early, in whole, on designated interest payment dates beginning April 27, 2026, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not redeemed and, on the final review date, each index is at or above its 70.00% Trigger Value, investors receive $1,000 per note plus the final contingent interest; otherwise, repayment is reduced by the full loss on the Least Performing Index, and investors can lose some or all principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor. The estimated value, if priced on the example date, would be $977.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable barrier notes linked separately to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing in January 2029. The notes can be automatically called as early as January 2027 if each index is at or above its call value, paying back principal plus a call premium of at least 15.50% on the first review date or 31.00% on the second.

If not called, at maturity investors get uncapped, unleveraged exposure to the least performing index: full participation in its gain if all indices finish above their initial levels, return of principal if each stays at or above a 70% barrier, and a loss matching the least performing index’s decline if any finishes below that barrier. The issuer’s estimated value is about $965.20 per $1,000 note, reflecting embedded fees and hedging costs, and investors face full credit and liquidity risk.

JPMorgan Chase Financial Company LLC is offering unsecured, callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 31, 2031 and can be automatically called on scheduled Review Dates starting in 2027 if the Index closes at or above preset Call Values, paying back principal plus a fixed Call Premium Amount.

The notes pay no interest and do not provide dividends from the underlying equities. If they are not called and the Index finishes below a 60% barrier at maturity, repayment is reduced dollar-for-dollar with the Index loss, so investors can lose more than 40% and up to all of their principal. The Index itself uses a volatility-targeting strategy on E-mini S&P 500 futures with leverage up to 500% and is subject to a 6.0% per annum daily deduction, which drags on performance and can cause the Index to lag an otherwise similar index without this fee.

The minimum denomination is $1,000. If the notes priced on the terms shown, the estimated value would be approximately $886.10 per $1,000, and the final estimated value will not be less than $870.00, reflecting embedded selling costs, hedging costs and dealer margin. The issuer highlights significant risks, including JPMorgan credit risk, lack of listing and limited liquidity, structural complexity, reliance on back-tested Index data and uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Nasdaq-100 Index, the Russell 2000 Index and the State Street SPDR S&P Regional Banking ETF, fully guaranteed by JPMorgan Chase & Co. The notes target monthly contingent interest at a rate that will be at least 10.95% per annum if, on a given review date, the closing value of each underlying is at or above 70% of its initial value. Missed coupons can be “made up” later if a future review date meets this barrier.

The notes can be automatically called as early as July 21, 2026 if each underlying is at or above its initial value, in which case investors receive principal plus the applicable coupon and any unpaid coupons. If the notes are not called and any underlying finishes below 60% of its initial value at maturity, principal is reduced one-for-one with the loss on the worst performer, potentially to zero. The issuer highlights significant risks, including loss of principal, the possibility of no interest, market and sector concentration risks, illiquidity, and the fact that the estimated value (about $970.70 per $1,000 if priced today) is lower than the issue price.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the worst performer of three underlyings: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF, maturing in January 2029 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest coupon for any Review Date when each underlying is at or above 70% of its Initial Value, with an annualized rate of at least 8.50%, paid monthly. Starting July 23, 2026, the notes are automatically called if on certain Review Dates each underlying is at or above its Initial Value, returning $1,000 plus that period’s interest.

If the notes are not called and, on the final Review Date, the least performing underlying is below its 70% Trigger Value, repayment of principal is reduced one-for-one with that decline, potentially to zero. The indicative estimated value is approximately $950.20 per $1,000 note and will not be less than $900.00, reflecting embedded fees, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, not FDIC insured and will not be listed, with significant liquidity, sector and credit risks.

JPMorgan Chase Financial Company LLC is issuing structured notes called Digital Barrier Notes linked to the lesser performing of the STOXX® Europe 600 Index and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering size is $1,525,000, in minimum denominations of $1,000.

The notes mature on January 19, 2029. If on the observation date in January 2029 the final level of each index is at least 65.00% of its initial level, investors receive $1,000 plus a fixed 24.45% return per note. If either index finishes below its 65.00% barrier, the payoff is $1,000 plus the return of the lesser performing index, so investors lose 1% of principal for every 1% decline and can lose their entire investment.

The notes pay no interest, do not provide dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and are not bank deposits or FDIC insured. The price to public is $1,000 per note, including $6.50 in selling commissions, while the estimated value at pricing is $981.80 per $1,000 note, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent buffered return enhanced notes linked to the Nasdaq-100 Index®. The notes have a $1,000 denomination and a total offering size of $2,500,000, with public offering proceeds of $985 per note after fees.

The notes may be automatically called on January 22, 2027 if the Index closing level is at or above the Index Strike Level of 25,766.26, paying $1,000 plus a 12.50% call premium. If not called and held to the January 13, 2028 maturity, upside returns are enhanced by a 1.50x Upside Leverage Factor, while a 20.00% contingent buffer protects principal against moderate Index declines. Below the buffer, losses are one-for-one with the Index.

The estimated value is $979.50 per $1,000 note, lower than the issue price due to selling commissions, hedging costs and dealer margins. The notes are unsecured obligations, not bank deposits, not FDIC insured, and secondary market values may be affected by issuer funding rates, hedging activity and market conditions.

JPMorgan Chase Financial Company LLC is offering $830,000 of Digital Barrier Notes linked to the least performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed 9.70% return at maturity on February 19, 2027 if, on the February 16, 2027 observation date, the final level of each index is at least 70% of its initial level. If any index finishes below this 70% barrier, repayment is reduced 1% for each 1% decline of the worst index from its initial level, so investors can lose more than 30% and up to all principal. The price to public is $1,000 per note, including $7.25 in selling commissions, for issuer proceeds of $992.75 per note; the estimated value at pricing was $981.70 per $1,000, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,217,000 of Capped Dual Directional Buffered Equity Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing in February 2027.

The notes provide up to a 17.50% maximum upside return if all three indices finish above their initial levels, and up to a 15.00% positive return based on the absolute value of losses if the worst index falls by no more than 15%. If any index falls by more than 15%, investors lose 1% of principal for each 1% decline beyond the buffer, with losses up to 85.00% of principal. The price to public is $1,000 per note, including selling fees of about $7.18 and issuer proceeds of about $992.82 per note, while the estimated value at pricing was $985.30, reflecting embedded costs and hedging.

The notes pay no interest, do not provide dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on an exchange, and secondary market values may be lower than the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering contingent income auto-callable securities linked to Wells Fargo & Company common stock, with a total offering size of $3.45 million and a $1,000 stated principal amount per security. Investors can receive a 2.6875% quarterly contingent payment ($26.875 per $1,000) on each determination date if Wells Fargo’s stock closes at or above 75% of the initial stock price of $93.56, a downside threshold of $70.17. If on any non-final determination date the stock closes at or above the initial stock price, the notes are automatically redeemed for $1,000 plus the contingent payment. If held to maturity on January 19, 2029 and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final contingent payment; if it is below the threshold, repayment is reduced 1-for-1 with the stock decline and can fall to zero, so principal is fully at risk. The estimated value on the pricing date is $964.40 per $1,000, the notes are unsecured, not listed, and do not provide any participation in upside or Wells Fargo dividends.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of buffered digital notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a contingent digital return of 20.00% at maturity on January 19, 2028 if the final level of each index is at or above its initial level on the January 13, 2028 observation date.

Principal is protected only down to a 30.00% decline in the least performing index; if any index falls by more than 30.00%, investors lose 1% of principal for each additional 1% drop, up to a 70.00% loss. The notes pay no interest, do not provide dividends, are unsecured and unsubordinated, and are not listed on any exchange. The price to the public is $1,000 per note, including $10 in selling commissions, while the estimated value is $977 per $1,000 note, reflecting selling, structuring and hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Starbucks Corporation. For each $1,000 note, investors can receive a $28.00 contingent interest payment on each quarterly Interest Payment Date if Starbucks’ share price on the related Review Date is at or above the $58.474 Interest Barrier.

If on any non-final Review Date the stock closes at or above the $89.96 Stock Strike Price, the notes are automatically called, paying $1,000 plus the applicable $28 interest and any unpaid interest. If held to the January 28, 2027 maturity with no Trigger Event, investors receive $1,000 plus the final $28 payment and any unpaid interest, for up to $112 total interest per $1,000 note. If a Trigger Event occurs (final price below $58.474), maturity payment is $1,000 plus $1,000 times the Stock Return, so losses match the stock’s decline below the strike and can reach 100% of principal.

The public offering price is $1,000 per note, for a total of $500,000, with dealer fees of $10 per note and issuer proceeds of $990 per note, or $495,000 in total. The estimated value is $979.80 per $1,000 note, reflecting selling commissions, hedging costs and dealer profit.

JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent buffered return enhanced notes linked to the S&P 500® Index. Each $1,000 note may be automatically called on January 25, 2027 if the index is at or above the strike level of 6,977.27, paying $1,091.90 (a 9.19% call premium). If not called, at January 18, 2028 maturity investors receive 1.5 times any positive index return, with no cap. Principal is protected only by a 25% contingent buffer: if the index is down more than 25% from the strike, principal is reduced one-for-one with the index loss, up to total loss. The notes pay no interest or dividends and carry the credit risk of JPMorgan entities. Minimum investment is $10,000, and the estimated value at issuance is $979.30 per $1,000 note, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering $10,071,000 of Series A medium-term Digital Equity Notes due March 17, 2028, linked to the EURO STOXX 50® Index and guaranteed by JPMorgan Chase & Co. The notes pay no interest and repay at maturity based on index performance from the January 13, 2026 trade date to the March 15, 2028 determination date.

For each $1,000 note, if the final index level is at least 82.50% of the initial level of 6,029.83, investors receive a fixed threshold settlement amount of $1,172.00 (a 17.2% capped gain). If the index falls by more than 17.50%, principal is lost on a leveraged basis: for every 1% decline beyond that buffer, the loss is about 1.2121%, down to a total loss if the index goes to zero.

The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, are not listed or redeemable, and have an estimated value at pricing of $993.80 per $1,000, below the 100.00% original issue price, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return equity notes linked to the iShares Ethereum Trust ETF. The notes give investors exposure to ether through the ETF rather than direct cryptocurrency ownership and pay no interest or dividends.

The notes may be automatically called on January 27, 2027 if the ETF’s share price is at or above the Share Strike Price, in which case holders receive $1,000 plus a call premium of at least 44.75% per note on the call settlement date. If not called, investors receive at maturity either full principal, an uncapped upside based on the ETF’s positive return, or a loss if the ETF falls enough.

There is a 25.00% downside buffer; beyond that, investors lose 1.33333% of principal for each additional 1% decline, which can result in a substantial or total loss. The Share Strike Price is $25.59, based on the ETF’s January 14, 2026 close. The notes are unsecured obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and an estimated value of about $944.80 per $1,000 note is cited, with a minimum of $920.00. Key risks include ether and ETF volatility, credit risk, limited liquidity and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon only when the Index is at or above 70% of its initial level, and can be automatically called quarterly if the Index is at or above its initial level, with the earliest call date in July 2026.

If the notes are not called and the Index finishes below 60% of its initial level at maturity, investors lose 1% of principal for each 1% decline and can lose their entire investment. A hypothetical contingent interest rate of 14.00% per annum illustrates potential income if barriers are met. The Index embeds 6.0% per annum in daily deductions, uses leveraged exposure of up to 500% to E-mini S&P 500 futures, and may be significantly uninvested, all of which can drag performance. The indicative estimated value is about $901 per $1,000 note and will not be less than $900, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Micron Technology, Inc., maturing January 31, 2029 and fully guaranteed by JPMorgan Chase & Co. The notes may pay a contingent interest rate of at least 19.75% per year, if on a Review Date Micron’s share price is at or above 50% of its initial level, which also serves as the interest barrier and trigger value.

The notes are automatically called, starting July 27, 2026, if Micron’s share price on a Review Date (other than the first and final) is at or above the initial value, returning $1,000 per note plus due contingent interest. If the notes are not called and Micron’s final share price is below the trigger, investors lose 1% of principal for every 1% decline from the initial value and could lose their entire investment. The preliminary estimated value is about $950 per $1,000 note and will not be less than $920, and the notes are unsecured, unsubordinated obligations with minimum denominations of $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,057,000 of Capped Dual Directional Buffered Equity Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing on February 19, 2027. The notes provide unleveraged exposure to index moves, with a Maximum Upside Return of 18.50% (maximum payment of $1,185 per $1,000 note) when all three indices finish above their initial levels.

If the least performing index is flat or down by up to the 15.00% buffer, investors receive a positive return equal to the absolute decline, up to a maximum of $1,150 per $1,000 note when that index is down 15%. If any index falls by more than 15%, principal is reduced 1% for each 1% loss beyond the buffer, up to an 85% loss of principal at maturity. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and are not listed on any exchange. The price to public is $1,000 per note, with selling commissions of $7.25 per $1,000 and an estimated value of $986.70 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering $100,000 of auto callable contingent interest notes linked to the common stock of Biogen Inc., maturing on January 19, 2028. The notes pay a contingent interest of $28.125 per $1,000 note each quarter (an annual rate of 11.25%) for any Review Date when Biogen’s closing share price is at or above the Interest Barrier of 70.00% of the Initial Value, set at $178.30 (Interest Barrier $124.81). Missed interest can be paid later if the barrier is met on a future Review Date.

The notes are automatically called, and pay back $1,000 plus due interest, if on any Review Date other than the first or final one (earliest July 13, 2026) Biogen’s price is at or above the Initial Value. If the notes are not called and Biogen’s final price is below the Trigger Value (70.00% of the Initial Value), repayment is reduced one-for-one with the stock loss, and investors can lose most or all principal. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of $962.40 per $1,000 at pricing, and are expected to be illiquid and sensitive to issuer credit risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 2-year Trigger Autocallable Contingent Yield Notes linked to the common stock of Applied Materials, Inc. The Notes have a $10 issue price (minimum investment $1,000) and pay a contingent quarterly coupon expected between 12.50% and 13.30% per annum only if the stock closes on or above a Coupon Barrier set at 50% of the Initial Value.

The Notes are automatically called on any quarterly Observation Date if the stock closes at or above the Initial Value, paying back principal plus that quarter’s coupon and then terminating. If not called and the Final Value is at or above the Downside Threshold (also 50% of the Initial Value), investors receive $10 plus the final coupon. If the Final Value is below the Downside Threshold, repayment is $10 × (1 + Underlying Return), creating stock-like downside and possible total loss of principal.

The deal includes selling commissions of $0.15 per $10, with estimated value around $9.693 per $10 in the illustration and no less than $9.30 when finalized. The Notes are unsecured, not FDIC insured, will not be listed on an exchange, and involve complex U.S. tax and withholding rules, including treatment as prepaid forward contracts with contingent coupons generally taxed as ordinary income.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc. The notes pay a Contingent Interest Payment of at least $26.325 per $1,000 on each Interest Payment Date if Meta’s share price on the related Review Date is at or above the Interest Barrier of $461.64, equal to 75% of the Stock Strike Price of $615.52. Missed coupons can be paid later if a future Review Date meets the barrier.

The notes are automatically called, returning $1,000 plus the current and any unpaid coupons, if on any non-final Review Date Meta’s share price is at or above the Stock Strike Price; the first possible call date is April 29, 2026. If the notes are not called and the Final Stock Price on January 27, 2027 is at or above the Trigger Level ($461.64), investors receive full principal plus the final coupon and any unpaid coupons.

If the notes are not called and a Trigger Event occurs (Final Stock Price below the Trigger Level), repayment is reduced using a 1.33333x downside leverage formula, so principal losses accelerate beyond a 25% decline and can reach a total loss. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co. They will not be listed on an exchange. If priced on the described terms, the estimated value would be about $983.60 per $1,000, and when finally set will not be less than $970.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering contingent digital buffered notes linked to the common stock of Capital One Financial Corporation. The notes target a fixed return of at least 17.46% if, on the valuation date, Capital One’s share price is at or above the $234.42 strike, or down by no more than 10% from that level.

If the share price falls by more than 10%, investors lose principal at a leveraged rate of 1.11111% for every 1% drop beyond the 10% buffer, up to a total loss. The maximum payment at maturity is $1,174.60 per $1,000 note, with minimum denominations of $10,000. The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange, with any secondary liquidity dependent on J.P. Morgan Securities LLC.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Buffered Return Enhanced Notes linked to the lesser performer of the S&P 500 Index and the SPDR Gold Trust.

The notes offer at least 1.875x leveraged upside on any positive return of the weaker underlying, with no cap on gains. A 15% buffer protects principal against moderate declines, but if the lesser performing underlying falls more than 15% from its strike value, losses increase at about 1.17647% for each additional 1% drop, and investors can lose all principal.

The notes pay no interest or dividends, have a minimum denomination of $10,000, and mature on February 1, 2027, based on a January 27, 2027 valuation. An indicative estimated value is about $983 per $1,000, and the final estimated value will not be less than $970, reflecting selling costs and hedging. The notes are unsecured, not bank deposits, and are not insured by the FDIC.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Callable Range Accrual Notes linked to the 10‑Year Constant Maturity Treasury (CMT) Rate, due December 18, 2045, in an aggregate amount of $1,126,000. Each note is sold at $1,000, with dealer compensation of about $46.03 per note and issuer proceeds of about $953.97 per note.

The notes pay a fixed 8.00% per annum during the initial interest periods through December 18, 20280.00% to 8.00% per annum based on how many days in each period the 10‑Year CMT Rate is at or below 5.00%; if it is above 5.00% for an entire period, no interest is paid for that month. The issuer may redeem the notes in whole, but not in part, on the 18th of each month from December 18, 2028 onward at par plus accrued interest.

At maturity, holders receive principal plus any accrued interest. The estimated value was $935.80 per $1,000 note when terms were set, reflecting embedded structuring and hedging costs. The document highlights risks including potential zero interest in some periods, long maturity, limited liquidity, calculation‑agent discretion over the reference rate, and U.S. tax considerations, particularly for non‑U.S. holders.

JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the S&P 500® Index, maturing on February 19, 2027. The notes provide unleveraged upside to the Index, but gains are capped at a Maximum Return of at least 14.38%, giving a maximum payment of $1,143.80 per $1,000 note in the example shown. A 20.00% contingent buffer protects principal at maturity if the Index ends at or above 80% of the Index Strike Level of 6,926.60, but if the Index falls by more than 20%, 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 of JPMorgan Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and their estimated value, if priced on the date shown, would be about $986.00 per $1,000 note, with a minimum estimated value at pricing of $970.00.

JPMorgan Chase Financial Company LLC is offering index-linked "Review Notes" due January 27, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are tied separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, with no interest or dividend payments.

The notes may be automatically called on annual Review Dates starting January 26, 2027 if the closing level of each Index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least 9.10% to 45.50% of principal, depending on the year. If not called and, at maturity, each Index is at or above 70% of its Initial Value, investors receive principal back; if any Index finishes below 70%, the payoff is $1,000 plus $1,000 times the Least Performing Index Return, so losses can exceed 30% and reach total loss of principal.

The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. If the notes priced on the stated date, the estimated value would be approximately $929.60 per $1,000, and will not be less than $900.00 per $1,000 when finalized, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering $2,247,000 of Capped Enhanced Participation Equity Notes, Series A, due December 10, 2027, linked to the S&P 500 Index and fully guaranteed by JPMorgan Chase & Co. The notes have a $1,000 principal amount each, pay no interest, and return at maturity depends entirely on index performance from January 13, 2026 to December 8, 2027.

If the index rises, investors receive three times the index gain, capped at a maximum settlement amount of $1,252 per $1,000 note, which corresponds to an index level of 108.40% of the initial level of 6,963.74. If the final index level is below the initial level, principal is lost one-for-one with the decline, and investors can lose their entire investment. The estimated value at issuance is $996.50 per $1,000 note, reflecting structuring and hedging costs, and the notes will not be listed, creating liquidity and valuation risks alongside tax and credit risks of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the American Depositary Shares of JD.com, Inc. The notes are issued in $1,000 denominations, with a total offering of $500,000 at $1,000 per note and issuer proceeds of $495,000 after fees. If the notes are outstanding and JD.com’s ADS is at or above the Interest Barrier/Trigger Level of $19.9745 (65.00% of the $30.73 stock strike price) on a Review Date, investors receive a Contingent Interest Payment of $35.30 per $1,000 note, plus any previously unpaid coupons. The notes are automatically called if JD.com’s ADS closes at or above the $30.73 strike on a non-final Review Date, returning $1,000 plus the applicable coupon and any unpaid coupons. If no automatic call occurs and the Final Stock Price on the Valuation Date is below the Trigger Level, maturity payment is $1,000 plus $1,000 × Stock Return, so investors can lose more than 35% and up to all principal. Payments are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes pay no fixed interest or dividends.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $750,000 of Capped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index.

The notes provide 1.50x any positive Index return up to a maximum upside of 20.01%, giving a maximum positive maturity payment of $1,200.10 per $1,000 note. If the Index finishes down but by no more than the 20.00% contingent buffer, investors receive the absolute value of the negative return, up to a $1,200.00 maximum.

If the Index falls by more than 20.00% from the strike level of 6,966.28, principal is exposed 1:1 to further losses and investors can lose all of their investment. The notes pay no interest or dividends, are unsecured and unsubordinated, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $15 in selling commissions, while the initial estimated value is $979.

JPMorgan Chase Financial Company LLC is offering $1,400,000 of Capped Return Enhanced Notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 2.00x leveraged upside on any index gains, but returns are capped at a 23.11% Maximum Return, giving a maximum payment of $1,231.10 per $1,000 note at maturity. If the index ends below the strike level of 6,016.30, investors lose 1% of principal for every 1% decline, up to a total loss. The notes pay no interest or dividends, have a minimum denomination of $10,000, and mature on January 28, 2027, with an estimated value at issuance of $985.30 per $1,000, below the $1,000 price to public.