Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC filed an amendment to the pricing terms of its Capped Buffered Return Enhanced Notes due November 4, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The amendment applies to a group of structured notes linked to major indices, including SX5E, NDX, RTY, SPX, EFA and EEM, with aggregate principal amounts such as $1,495,000 of NDX notes.

The change clarifies that, for the Nasdaq‑100 Index linked NDX notes, the Maximum Return is 21.75%, corresponding to a Maximum Payment at Maturity of $1,217.50 per $1,000 principal amount note, based on an initial Nasdaq‑100 Index value of 25,858.13. The amendment reiterates that these notes are unsecured structured investments, not bank deposits, not insured by any governmental agency, and subject to the detailed risk factors described in the related prospectus materials.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,065,640 of Capped Buffer GEARS linked to an unequally weighted basket of five major equity indices (EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index and S&P/ASX 200) maturing on January 3, 2028.

The notes have 2.00x upside exposure to any positive basket return, capped at a Maximum Gain of 24.25%, and provide a 10% downside buffer if held to maturity. If the final basket value falls more than 10% below its initial level, investors lose 1% of principal for each additional 1% decline, for a potential loss of up to 90% of principal.

The securities pay no interest, do not provide dividends from the underlying indices, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed on any securities exchange. The issue price is $10.00 per security, including $0.20 in selling commissions, with an estimated value at pricing of $9.73 per $10 principal amount.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 21, 2031. The notes are issued in $1,000 denominations and may be automatically called as early as January 21, 2027 if the Index closes at or above 100% of its initial level on a Review Date.

If not called, holders receive at maturity an uncapped leveraged upside of 5.00 times any positive Index return. If the final Index level is at or above 50.00% of the initial level, principal is returned; below that 50% barrier, principal is reduced one-for-one with the Index decline, up to a total loss.

The Index embeds a 6.0% per annum daily deduction, which drags performance versus an identical index without such a charge. If priced on the date referenced in the document, the estimated value would be about $891.10 per $1,000 note, and will not be less than $880.00 at pricing, reflecting selling commissions, hedging costs and issuer profit.

JPMorgan Chase Financial Company LLC is offering $3,980,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performing of the iShares Russell 2000 Value ETF and the TOPIX Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest or dividends and expose investors to partial or full loss of principal if the weaker underlying finishes below its 80% barrier at maturity on January 4, 2029.

The notes may be automatically called on December 29, 2026 if each underlying is at or above 100% of its initial value, in which case investors receive $1,200 per $1,000 note and the product terminates early. If held to maturity without an automatic call and both underlyings finish above their initial values, investors receive 4.05 times the appreciation of the lesser performing underlying; if both stay above their barriers but not both above initial value, principal is merely returned. The price to public is $1,000 per note, including $4 in selling commissions, for issuer proceeds of $996 per note, and the initial estimated value is $978.90.

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 on February 1, 2029. The notes pay a quarterly contingent interest rate of at least 10.50% per annum (at least $26.25 per $1,000) only if, on a Review Date, the Index is at or above 60.00% of the Initial Value.

The notes can be automatically called on any Review Date from July 27, 2026 (other than the first and final dates) if the Index is at or above the Initial Value, returning $1,000 plus the applicable interest and ending further payments. If held to maturity and the Final Value is below the 60.00% Trigger Value, the payoff is $1,000 plus $1,000 times the Index return, so investors can lose more than 40% and up to all principal.

The underlying Index uses leveraged exposure to E-mini S&P 500 futures and includes a 6.0% per annum daily deduction, which drags performance and can cause declines even when its strategy is otherwise flat or positive. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and will not be listed on an exchange, so liquidity may be limited. The estimated value at pricing is expected to be between $900.00 and $1,000.00 per $1,000 note, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on February 2, 2029. The notes pay a quarterly contingent interest rate of at least 12.50% per annum (at least $31.25 per $1,000 per quarter) only if, on a Review Date, the Index is at or above 60.00% of its Initial Value.

The notes are auto-callable: beginning July 30, 2026, if the Index is at or above its Initial Value on a non‑first, non‑final Review Date, investors receive $1,000 plus that period’s contingent interest and the notes terminate early. At maturity, if the notes were not called and the Index is at or above the 60.00% trigger, investors receive $1,000 plus the final contingent interest.

If, at maturity, the Index is below the 60.00% trigger, repayment of principal is reduced one‑for‑one with the Index decline, so investors can lose more than 40% and up to all of their principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which creates a persistent drag on Index performance. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial and are subject to its and JPMorgan Chase & Co.’s credit risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index, maturing on February 4, 2031. The notes can pay a Contingent Interest Rate of at least 13.50% per annum, or at least 3.375% per quarter, for each Review Date where the Index closes at or above 60.00% of the Initial Value.

The notes are automatically called, starting July 30, 2026, if on any Review Date other than the first and final the Index closes at or above the Initial Value, returning $1,000 per note plus the applicable contingent interest, with no further payments. If held to maturity and not called, investors receive $1,000 plus the final contingent interest only if the Final Value is at least 60.00% of the Initial Value; otherwise, repayment is reduced one-for-one with the Index loss, and investors can lose more than 40% or all of their principal.

The Index uses leveraged exposure (up to 500%) to E-mini Russell 2000 futures and includes a 6.0% per annum daily deduction, which creates a continual drag on performance. The notes have a minimum denomination of $1,000, are unsecured, will not be listed, and their value is sensitive to the issuer’s and guarantor’s credit. If priced today, the estimated value would be about $928.60 per $1,000, and at issuance it will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers auto callable contingent interest notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50, maturing on January 11, 2029. The notes may pay monthly contingent interest of at least 9.50% per annum (about $7.9167 per $1,000 per month) when, on a Review Date, each index closes at or above 70% of its initial level.

The notes can be automatically called as early as July 7, 2026 if, on a Review Date (other than the first five and final), each index is at or above its initial level, returning $1,000 plus that period’s interest. If not called and any index finishes below its 70% Trigger Value at maturity, repayment is reduced one-for-one with the decline of the worst index, and investors can lose more than 30% and up to all principal. The notes are unsecured, not FDIC insured, and an initial estimated value of about $971.80 per $1,000 is indicated, with a minimum final estimated value of $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on February 1, 2029. The notes can pay a quarterly contingent interest rate of at least 10.50% per annum (at least 2.625% per quarter) if on a Review Date the Index closes at or above 60.00% of its Initial Value.

The notes are automatically called, starting July 27, 2026, if on any non-first, non-final Review Date the Index is at or above its Initial Value, returning principal plus the applicable contingent interest, with no further payments. If held to maturity and the Final Value is at or above the 60.00% Trigger Value, investors receive principal plus the final contingent interest; if below, repayment is reduced 1:1 with the Index decline, with the possibility of losing most or all principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on QQQ exposure, which drag performance and can cause the Index to lag a similar index without such charges. The notes are unsecured, rank pari passu with other unsecured debt of the issuer and guarantor, will not be listed, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering capped buffered enhanced participation equity notes linked to the S&P 500® Index, maturing on January 7, 2028. The notes pay no interest and repayment of principal is not guaranteed.

At maturity, for each $1,000 note, investors receive a cash amount based on the S&P 500 performance from the trade date (on or about January 5, 2026) to January 5, 2028. If the index rises, investors participate at a 1.50x upside rate but returns are capped, with the maximum settlement amount expected between $1,184.65 and $1,216.75. If the index falls by up to 10%, principal is returned. Below a 10% decline, losses are leveraged: each additional 1% drop beyond the buffer reduces principal by approximately 1.1111%, and investors could lose their entire investment.

The estimated value at issuance is expected between $966.10 and $976.10 per $1,000 due to selling commissions, projected hedging profits or losses and hedging costs. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on any exchange, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $900,000 of auto callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, maturing in July 2027. The notes pay a monthly Contingent Interest Payment at a rate of 10.50% per annum (0.875% per month) only if, on a Review Date, each index is at or above 70% of its Initial Value. Starting in March 2026, the notes are automatically called if each index is at or above its Initial Value, returning $1,000 per note plus the applicable interest, with no further payments.

If the notes are not called and any index finishes below its Trigger Value (also 70% of Initial Value) on the final Review Date, principal is reduced 1% for each 1% decline of the least performing index, potentially down to zero. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an original issue price of $1,000 per note with dealer compensation of $6 per note, and an estimated value of $980.20 per note at pricing.

JPMorgan Chase Financial Company LLC is offering $256,000 of auto callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 7.60% per year (1.90% quarterly) only when the closing level of each index on a review date is at or above 80% of its initial value. Starting June 26, 2026, the notes are automatically called, returning $1,000 per note plus that period’s interest, if all three indices are at or above their initial values.

If the notes are not called and any index finishes below its 70% trigger level at maturity, investors lose principal in line with the decline of the worst-performing index and could lose their entire investment. The notes are unsecured obligations subject to JPMorgan credit risk, are not listed, and have an estimated value of $950.10 per $1,000 note, below the $1,000 issue price due to selling costs and hedging-related factors.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 5, 2029 and may be automatically called as early as December 30, 2026 if the closing level of each index on a Review Date (other than the first three and final Review Dates) is at least its Initial Value.

On each Review Date, a Contingent Interest Payment is made only if every index closes at or above 70% of its Initial Value; the indicative Contingent Interest Rate is at least 8.05% per annum, paid quarterly. If the notes are not called and, at maturity, the least performing index is at or above 65% of its Initial Value, investors receive full principal back (plus any final contingent interest). If it is below 65%, repayment is reduced 1% for each 1% decline, with the potential for full principal loss.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., pay no dividends on underlying stocks, and will not be listed on an exchange. The estimated value is lower than the $1,000 issue price (illustratively about $967.50, and not less than $932.40 per $1,000), reflecting selling costs, hedging and structuring. The tax discussion contemplates treatment as prepaid forward contracts with contingent coupons and highlights potential U.S. withholding on payments to non-U.S. holders.

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 Contingent Interest Payment on a Review Date only if the Index closing level is at least 50.00% of the Initial Value, and they are automatically called if, on any applicable Review Date starting February 1, 2027, the Index is at or above the Initial Value.

If the notes are not called and the Final Value is below the Trigger Value, set at 50.00% of the Initial Value, investors lose 1% of principal for each 1% Index decline, up to a total loss of principal. The hypothetical Contingent Interest Rate is 10.50% per annum, and if priced today the estimated value would be approximately $921.40 per $1,000 note, with a minimum estimated value of $900.00 per $1,000 note when set. The Index includes a 6.0% per annum daily deduction, which drags on performance, and investors are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with no FDIC insurance and no rights to underlying dividends.

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 February 2031. The notes can be automatically called starting in July 2026 if the Index closes at or above its Initial Value on specified review dates.

Holders may receive a contingent interest rate of at least 13.50% per annum, paid quarterly only when the Index is at or above 60% of its Initial Value on a review date. Principal is at risk: if the notes are not called and the Index ends below 60% of its Initial Value at maturity, repayment is reduced 1% for each 1% decline and can fall to zero.

The Index is a leveraged, rules-based strategy on E-mini S&P 500 futures with exposure between 0% and 500% and includes a 6.0% per annum daily deduction, which creates a persistent drag on performance. The preliminary estimated value is about $928.60 per $1,000 note and will not be less than $900.00 at pricing. The notes are unsecured, not bank deposits and are not FDIC insured, and secondary market liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Small-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on January 30, 2031. Investors may receive a Contingent Interest Payment on each Review Date only if the Index closes at or above 60.00% of its Initial Value, and the notes are automatically called if, on any Review Date other than the first and final, the Index closes at or above the Initial Value, with the earliest call date on July 27, 2026.

The hypothetical Contingent Interest Rate is 11.25% per annum, but interest is not guaranteed and investors can lose some or all principal if the Final Value is below the 60.00% Trigger Value. The underlying Index uses leveraged exposure (up to 500%) to E-mini Russell 2000 futures, targets 35% implied volatility and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The indicative estimated value is approximately $902.50 per $1,000 note, and the notes will not be listed on any exchange and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

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 run to February 2, 2029 and can be automatically called as early as July 30, 2026 if the Index is at or above its Initial Value on a review date. Investors may receive contingent interest only when the Index closes at or above 60% of its Initial Value, and they risk losing a significant portion or all of their principal if, at maturity, the Index finishes below this trigger level. The Index itself includes a 6.0% per annum daily deduction and can employ leverage up to 500% exposure to E-mini S&P 500 futures, which can magnify volatility and downside. The notes are unsecured obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., are not bank deposits, and are expected to be sold in $1,000 minimum denominations.

JPMorgan Chase Financial Company LLC is offering unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as February 3, 2027 if the Index closes at or above the Call Value, paying back principal plus a Call Premium Amount of at least 20.50% of the $1,000 denomination, rising by Review Date up to at least 102.50%.

The notes do not pay interest and provide no dividends from the Invesco QQQ Trust. At maturity, if not called, principal is protected only within a 30.00% buffer; if the Index falls more than 30.00% from its initial level, investors lose 1% of principal for each additional 1% decline, up to a 70.00% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which will drag on performance.

Credit risk comes from both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value of the notes, if priced on the indicated terms, would be approximately $942.00 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling costs, hedging assumptions and an internal funding rate.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on January 30, 2031. The notes seek monthly contingent interest at a rate of at least 10.00% per annum whenever the Index closes at or above 75.00% of its Initial Value, but may pay no interest if the Index stays below this barrier.

The notes can be automatically called starting January 27, 2027 if, on specified Review Dates, the Index closes at or above its Initial Value, returning $1,000 per note plus the applicable interest and ending further payments. If not called and at maturity the Index is below a 70.00% Buffer Threshold, investors lose 1% of principal for each 1% drop beyond a 30.00% buffer, up to a 70.00% loss of principal.

The Index uses a rules-based, leveraged exposure (up to 500%) to the Invesco QQQ Trust with a 35% target volatility, reduced daily by a 6.0% per annum deduction and a notional financing cost, which can significantly drag performance. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., may be hard to sell, and have an estimated value of about $913.00 per $1,000 note at launch, not less than $900.00.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering principal-at-risk market-linked securities tied to the worst performer among three State Street sector ETFs: Energy Select Sector SPDR (XLE), Health Care Select Sector SPDR (XLV) and Financial Select Sector SPDR (XLF), maturing on January 5, 2029.

Each security has a $1,000 principal amount, a price to public of $1,000.00, selling fees of $23.25 and proceeds to the issuer of $976.75 per security. Investors may receive quarterly contingent coupons at a per annum rate of at least 9.35% if the lowest-performing ETF on each calculation day closes at or above 75% of its starting price; otherwise no coupon is paid. From June 2026 through October 2028, the notes are automatically called if the lowest-performing ETF is at or above its starting price, in which case investors receive principal plus a final coupon.

If the notes are not called and, on the final calculation day, the lowest-performing ETF is below its 75% threshold, the maturity payment is reduced in proportion to that ETF’s loss, and investors can lose more than 25% and up to all of principal. The securities are unsecured, not bank deposits and not FDIC insured. The estimated value is about $948.00 per security today and will not be less than $910.00 per security when finalized, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is scheduled to mature on January 5, 2029, with a potential automatic call on January 5, 2027 if the Index closes at or above a specified Call Value.

If the notes are automatically called, investors receive $1,000 plus a Call Premium Amount of at least $100 per note and no further payments. If not called and the Index rises, holders receive an uncapped payoff equal to $1,000 plus 2.00 times any positive Index return. If the Index is flat or down but at or above 70.00% of the Initial Value at maturity, principal is returned.

If the Final Value falls below 70.00% of the Initial Value, investors lose 1% of principal for each 1% Index decline and could lose their entire investment. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, and may have limited or no secondary market liquidity. The estimated value is lower than the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering $2,700,000 of Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury Rate, fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes pay quarterly interest at a variable rate based on a 9.65% per annum Interest Factor, but only for days when the Reference Rate is less than or equal to a 4.50% barrier; on days above that level, no interest accrues, so some periods may pay little or no interest.

The Notes have a 6.5-year term, maturing on June 29, 2032, but JPMorgan Financial may redeem them in whole on quarterly Redemption Dates starting December 29, 2026, returning principal plus accrued interest, after which no further payments are made. Each Note has a $1,000 principal amount and issue price, with $25 per Note in selling commissions and $975 in proceeds to the issuer; the estimated value at pricing was $968.40 per $1,000. Principal repayment depends on holding to call or maturity and on the credit of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured “Review Notes” linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be called early if on any Review Date each index closes at or above 100.00% of its Initial Value, paying $1,000 plus a call premium of at least 13.20% to 39.60% of principal, depending on the call date.

If not called, a 15.00% downside buffer applies; beyond that, repayment is reduced in line with the Least Performing Index and investors can lose up to 85.00% of principal. The notes pay no interest, provide no dividends, are not bank deposits, and may be hard to sell. The preliminary estimated value is approximately $985.30 per $1,000 note and will not be less than $900.00 when finalized, reflecting built-in selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable range accrual notes linked to the 10-Year Constant Maturity U.S. Treasury rate, maturing on January 2, 2036. The notes pay a fixed 8.00% per annum during the initial interest periods through January 2, 2027. After that, interest for each period ranges from 0.00% to 8.00% per annum and depends on how many days the 10-Year CMT Rate is at or below 5.00%.

The issuer may redeem the notes quarterly, on the 2nd of January, April, July and October, starting January 2, 2027, at 100% of principal plus accrued interest, which can limit upside if called when market rates are low. If the notes priced on the example date, the estimated value would be about $952.90 per $1,000 note and will not be less than $940.00 when finally set. The notes are unsecured obligations, not bank deposits, and are not insured by the FDIC.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 12, 2029 and can be redeemed early, in whole, on any interest payment date starting July 14, 2026.

Investors may receive quarterly contingent interest only if the closing level of each index on a review date is at least 60% of its initial value (the Interest Barrier). Principal is at risk: if, at final valuation, any index is below its 60% Trigger Value and the notes were not called, repayment is reduced 1% for each 1% decline of the least performing index, potentially to zero. The hypothetical contingent interest rate is shown as 8.05% per annum, and the estimated value is indicated at about $961.20 today and not less than $930 per $1,000 at pricing, both below issue price, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC is offering $13,000,000 of Auto Callable Contingent Interest Notes linked to the least performing of the S&P 500® Equal Weight Index, the Nasdaq-100 Index® and the EURO STOXX 50® Index, maturing on September 28, 2027. The notes pay a quarterly Contingent Interest Payment of $23.75 per $1,000 (a 9.50% per annum rate) only if, on a Review Date, the closing level of each Index is at or above 70.00% of its Strike Value, and they may be automatically called as early as March 23, 2026 if each Index is at or above its Strike Value.

If the notes are not called and, on the final Review Date, the Final Value of each Index is at or above 65.00% of its Strike Value, investors receive their $1,000 principal plus any final Contingent Interest Payment. If any Index closes below 65.00% of its Strike Value on the final Review Date, repayment of principal is reduced one-for-one with the decline in the Least Performing Index, and investors can lose more than 35% 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., are not listed on any exchange, and had an estimated value at pricing of $985.80 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, maturing on July 9, 2027. The notes pay a monthly contingent coupon of at least 8.05% per annum if on a review date each index is at or above 75% of its initial level. If on any review date from April 6, 2026 (excluding the first, second and final dates) all three indices are at or above their initial levels, the notes are automatically called and repay $1,000 plus that month’s coupon.

If the notes are not called and on the final review date any index closes below 70% of its initial level, repayment of principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose most or all of their investment. Interest is not guaranteed, the notes are unsecured and unsubordinated, subject to the credit risk of both issuers, and are not listed, so liquidity may be limited. The indicative estimated value is about $966.30 per $1,000 note, and the final estimated value will not be less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable yield notes linked to the worst performer among Lyft Class A, American Airlines common stock and AppLovin Class A, maturing on December 31, 2026. The notes pay at least 23.00% per annum, credited monthly at a rate of at least 1.91667% per $1,000, as long as the notes remain outstanding.

The notes are automatically called, starting March 26, 2026, if on any Review Date (other than the final one) the closing price of one share of each stock is at or above its Initial Value; in that case investors receive $1,000 plus the applicable interest and no further payments. If not called and on the final Review Date each stock is at or above its Trigger Value (50% of its Initial Value), investors receive $1,000 plus the final interest payment. If any stock finishes below its Trigger Value, principal is reduced one-for-one with the decline of the worst-performing stock, and investors can lose more than 50% or even all of their principal. The notes are unsecured, not FDIC insured, may be illiquid, and have an estimated value per $1,000 of about $960.00 today and not less than $940.00 at pricing.

JPMorgan Chase Financial Company LLC is offering $4,912,000 of Callable Contingent Interest Notes linked to the worst performer among three State Street SPDR ETFs: S&P Homebuilders (XHB), Consumer Discretionary Select Sector (XLY) and S&P Regional Banking (KRE). The notes pay a contingent quarterly coupon of $27.875 per $1,000 (an 11.15% annual rate) only if, on a review date, each ETF closes at or above 70% of its initial price; missed coupons can be paid later if the barrier is met.

The notes are callable at the issuer’s option on any interest payment date from June 26, 2026 (except the first and final dates) and mature on December 29, 2028. If held to maturity and none of the ETFs finishes below 60% of its initial value, investors receive full principal plus any due contingent interest. If any ETF ends below 60%, repayment is reduced in line with the worst-performing fund, and all principal can be lost. The notes are unsecured obligations guaranteed by JPMorgan Chase & Co., are not bank deposits or FDIC insured, and may have limited or no secondary market value. The estimated value at pricing was $966.20 per $1,000.

JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to provide unleveraged upside exposure to index gains, with a Maximum Upside Return of at least 24.75%, and to pay the absolute value of index losses up to a 10.00% buffer.

If the index falls by more than 10.00%, investors lose 1% of principal for each additional 1% decline, up to a 90.00% loss of principal at maturity. The notes pay no interest, pass through no dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced today, the estimated value would be about $985.60 per $1,000 note, and at issuance it will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $2,007,000 of market-linked notes tied to the ordinary shares of ASML Holding NV, maturing December 29, 2028. Each security has a $1,000 principal amount and pays a contingent coupon at an annual rate of 12.15%, but only if ASML’s stock closes on the quarterly calculation day at or above a threshold price of $690.196 (65% of the $1,061.84 starting price). If on any calculation day from March 2026 to September 2028 the stock closes at or above the starting price, the notes are automatically called and investors receive $1,000 plus the final coupon, ending all further payments.

If the notes are not called, principal repayment at maturity depends on ASML’s final stock price. If the ending price is at or above the threshold, investors receive $1,000 per note; if it is below, principal is reduced one-for-one with the stock decline and investors can lose most or all of their investment. The price to the public is $1,000 per note, with an estimated value of $952.80, reflecting selling commissions and hedging and structuring costs.

JPMorgan Chase Financial Company LLC is offering $2.375 million of Capped Dual Directional Buffered Equity Notes linked to the lesser performer of the Nasdaq-100 Index® and the S&P 500® Index, maturing on January 27, 2027 and fully guaranteed by JPMorgan Chase & Co.

The notes provide unleveraged exposure to index moves, with a Maximum Upside Return of 19.30% (maximum payment of $1,193 per $1,000 note) if the lesser performing index finishes above its initial level. If the lesser performer is flat or down by up to the 10.00% Buffer Amount, investors receive a positive return equal to the absolute decline, capped at $1,100 per $1,000 note.

If either index falls by more than 10%, principal is reduced 1% for each additional 1% decline in the lesser performer, up to a 90.00% loss of principal. The notes pay no interest or dividends, are unsecured and unsubordinated obligations, and are expected to settle on or about December 26, 2025. The price to public is $1,000 per note, with an estimated value of $986.70, and the notes are not listed on any exchange, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering $2,494,000 of callable contingent interest notes linked to the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the State Street SPDR S&P Regional Banking ETF, fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at an annual rate of 11.70% (0.975% monthly) only if, on each review date, the closing value of every underlying is at or above 70% of its initial level.

The issuer can redeem the notes early on certain interest payment dates starting March 26, 2026, returning principal plus the applicable contingent interest, after which no further payments are made. If held to maturity and any underlying finishes below 60% of its initial level, repayment of principal is reduced one‑for‑one with the decline in the worst performer, and investors can lose most or all of their investment.

The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $972.70 per $1,000 note, below the $1,000 issue price, reflecting selling costs, structuring and hedging assumptions.

JPMorgan Chase Financial Company LLC is issuing $3,499,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, due December 27, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 10.00% per annum (0.83333% per month) for any Review Date on which the Index closes at or above 75.00% of the Initial Value, with previously unpaid interest amounts catching up on later qualifying dates. Starting December 23, 2026, the notes are automatically called if the Index is at or above the Initial Value, returning $1,000 per note plus applicable interest.

If the notes are not called and the Final Value is below the 85.00% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15.00% buffer, up to an 85.00% loss. The Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes are unsecured, not bank deposits, and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. Price to public is $1,000 per note, with proceeds to issuer of $958.50 per note and an estimated value of $909.10.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,442,000 of Auto Callable Buffered Equity Notes linked to the S&P 500® Futures Excess Return Index, maturing December 27, 2030. Each note has a $1,000 denomination and may be automatically called on December 23, 2027 if the Index is at or above a specified Call Value, paying $1,000 plus a $230 call premium.

If not called and the Index is above its initial level at maturity, investors receive $1,000 plus the full Index gain. If the Index is flat or down by up to the 10% buffer, investors receive principal only. Below that buffer, principal is reduced 1% for each additional 1% Index loss, with up to 90% of principal at risk.

The notes pay no interest, are unsecured and unsubordinated, and expose holders to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $37.50 in fees and commissions; the issuer’s estimated value is $946.30, reflecting selling, structuring and hedging costs. The notes will not be listed, so secondary market liquidity and prices may be limited.

JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is issuing $3,982,000 of auto callable contingent interest notes linked separately to the Nasdaq-100 Index®, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing on December 29, 2028. The notes pay a monthly contingent coupon at a rate of 8.85% per annum (0.7375% per month) only when each underlying closes at or above 70% of its initial value, and missed coupons can be caught up when this condition is later met.

The notes may be automatically called as early as June 23, 2026 if, on a review date (other than the first five and final), 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, investors lose principal in line with the decline of the worst performer and could lose their entire investment. The price to the public is $1,000 per note, including $29.50 in fees, with issuer proceeds of $970.50 per note and an estimated value of $961.60.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,288,000 of callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, maturing November 29, 2027.

The notes pay a contingent coupon at a rate of 9.45% per annum (0.7875% monthly) only if on a Review Date each index closes at or above 70% of its Initial Value, and they may be redeemed early at the issuer’s option on specified interest payment dates starting March 26, 2026.

If held to maturity and none of the indices finishes below 60% of its Initial Value, investors receive full principal back plus any final contingent interest; otherwise repayment is reduced in proportion to the decline of the worst-performing index, with the possibility of losing all principal.

The notes are unsecured, not FDIC insured, will not be listed on any exchange, have an original issue price of $1,000, estimated value of $977.10 per note and involve market, sector, small-cap, non-U.S. equity, liquidity, credit and tax risks.

JPMorgan Chase Financial Company LLC is offering $4,038,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations, priced at $1,000 per note with selling commissions of $41.50 and issuer proceeds of $958.50 per note.

The notes can be automatically called as early as December 28, 2026 if the Index closes at or above the Call Value on a Review Date, paying $1,000 plus a fixed Call Premium Amount that starts at 16.500% of principal and steps up to 82.500% on the final Review Date. If not called and the Index’s Final Value is down by more than the 15.00% buffer, investors lose 1% of principal for each 1% drop beyond the buffer, up to an 85.00% loss at maturity.

The Index dynamically adjusts exposure to the Invesco QQQ TrustSM, Series 1, with a maximum 500% exposure and a target implied volatility of 35%, but its performance is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, causing it to lag a similar index without these charges. The estimated value of the notes at pricing was $904.90 per $1,000, and the notes pay no interest, are not bank deposits and are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional buffered return enhanced notes linked to the lesser performing of Amazon.com common stock and Taiwan Semiconductor Manufacturing Company ADSs, maturing on January 3, 2028.

The notes may be automatically called on December 29, 2026 if each stock closes at or above its Call Value, paying back principal plus a Call Premium of at least $120 per $1,000 on January 4, 2027. If not called and both final stock prices are above their initial values, investors receive an uncapped 2x leveraged gain on the lesser performer. If both are at or down by up to the 30% buffer, the payoff reflects the absolute move of the lesser performer, capped at a 30% gain.

If either stock falls by more than 30%, principal is reduced beyond the buffer, with up to 70% loss at maturity. The notes pay no interest, provide no dividends or shareholder rights, are unsecured, not listed, and subject to the credit risk of the issuer and guarantor. The estimated value is about $970 per $1,000 note and will not be less than $950 at pricing.

JPMorgan Chase Financial Company LLC is issuing structured Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, with a total offering size of $649,000 and denominations of $1,000 per note, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at a rate of 13.75% per annum (1.14583% per month) only when the Index closes at or above 60% of its Initial Value on a given review date, and they can be automatically called starting in December 2026 if the Index is at or above its Initial Value.

The notes mature in December 2030 and return principal in full only if, at maturity, the Index is at or above the 60% trigger level; below that, repayment is reduced one-for-one with the Index decline, potentially to zero. The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which creates a persistent drag versus an equivalent index without such a fee.

The price to public is $1,000 per note, including selling commissions of $9, while the issuer’s estimated value is $930.80 per note, reflecting embedded structuring and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $999,000 of auto callable contingent interest notes linked to the common stock of Blackstone Inc. The notes pay a Contingent Interest Rate of 11.00% per annum, or $27.50 per $1,000 each quarter, but only if Blackstone’s closing price on a Review Date is at or above the Interest Barrier of 60.00% of the Initial Value ($93.096).

The notes may be automatically called starting June 23, 2026 if Blackstone’s price on a Review Date (other than the first and final) is at least the Initial Value of $155.16, 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 Value is below the Trigger Value (60.00% of the Initial Value), repayment of principal is reduced 1% for each 1% decline, with the potential for a total loss of principal.

The price to the public is $1,000 per note, including $18.50 in fees and commissions, for proceeds to the issuer of $981.50 per note. The estimated value was $968.40 per $1,000 when terms were set, reflecting selling costs and hedging. The notes are unsecured, unsubordinated obligations, will not be listed on an exchange, and carry liquidity, market, credit and tax risks highlighted in the risk disclosures.

JPMorgan Chase Financial Company LLC is offering $750,000 of auto callable contingent interest notes linked to the Nasdaq-100®, Russell 2000® and S&P 500® indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 6.40% per annum (0.53333% per month) only for review dates when the closing level of each index is at least 70% of its initial value.

The notes may be automatically called on quarterly review dates from March 23, 2026 onward 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, any index finishes below its 70% trigger value, principal is reduced 1% for each 1% decline of the least performing index, potentially to zero.

The price to public is $1,000 per note, including $22.25 in selling commissions, while the estimated value at pricing was $964.90, reflecting embedded costs and hedging. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., offer no dividend rights, are not listed on an exchange, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is issuing auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully guaranteed by JPMorgan Chase & Co. The total offering is $985,000, in minimum denominations of $1,000 per note, maturing on November 29, 2028, and callable as early as June 23, 2026.

The notes pay a contingent interest rate of 8.60% per annum for any Review Date on which the Index is at or above 70% of its Initial Value. Principal is protected only by a 20% buffer: if the Final Index Value falls more than 20% below the Initial Value at maturity (and the notes are not called), investors lose 1% of principal for each 1% decline beyond the buffer, up to an 80% loss.

The Index applies a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund exposure, which drag on performance and cause the Index to lag a similar index without such charges. The issuer’s estimated value is $929.20 per $1,000 note, below the issue price, reflecting selling commissions, hedging costs and internal funding assumptions. Payments are unsecured and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $534,000 of auto callable accelerated barrier notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, guaranteed by JPMorgan Chase & Co. The notes may be automatically called on January 4, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of $176.50 per note.

If not called and each index finishes above its initial level at maturity in December 2028, holders receive $1,000 plus 1.25 times the gain of the least performing index. If any index finishes below its Barrier Amount of 70% of its initial level, investors lose 1% of principal for each 1% decline in the least performing index and could lose their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an issue price of $1,000 with an estimated value of $956.10, and are not expected to be listed, creating liquidity risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,100,000 of auto callable contingent interest notes linked separately to the Nasdaq-100® Technology Sector IndexSM, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing November 29, 2027.

The notes pay a contingent interest rate of 8.75% per annum, paid monthly, but only for Review Dates when the closing value of each underlying is at least 60% of its Initial Value

Starting June 23, 2026, the notes are automatically called if on a Review Date the closing value of each underlying is at or above its Initial Value, returning $1,000 per note plus that month’s interest, with no further payments. If not called, and at maturity any underlying finishes below 60% of its Initial Value, principal is reduced 1:1 with the decline in the worst performer, and investors can lose most or all of their principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange, and pay no dividends from the underlyings. The estimated value at pricing was $961.70 per $1,000 note, below the $1,000 issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $608,000 of index-linked Review Notes due December 27, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index.

The notes may be automatically called as early as December 30, 2026 if each index closes at or above its Call Value, paying $1,000 plus a call premium of 13% to 65% of principal depending on the Review Date. If not called and each final index level is at or above 70% of its Initial Value, investors receive full principal at maturity.

If any index finishes below its 70% Barrier Amount, repayment is reduced based on the Least Performing Index Return, and investors can lose more than 30% and up to all principal. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and were priced at $1,000 per note with an estimated value of $966.60.

JPMorgan Chase Financial Company LLC is issuing $1,764,000 of auto callable contingent interest notes due December 27, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 10.70% per annum, credited monthly, but only for Review Dates when the Russell 2000® Index, the SPDR® S&P® Regional Banking ETF and the VanEck® Gold Miners ETF each close at or above 70% of their Initial Value (the Interest Barrier).

The notes may be automatically called starting December 23, 2026 if, on a Review Date (other than the first through eleventh and final), each underlying is 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, on the final Review Date, the least performing underlying is below its 55% Trigger Value, principal is reduced one-for-one with that decline and investors can lose all of their investment. The estimated value at pricing is $906.30 per $1,000 note, the notes are unsecured, not FDIC insured, not listed on any exchange and carry both market and issuer credit risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $5,252,000 of Medium-Term Digital Equity Notes due August 25, 2027, each with a $1,000 principal amount and linked to the S&P 500 Index. The notes pay no interest and are not listed on any exchange.

At maturity, if the S&P 500 final level is at least 87.50% of the initial level of 6,909.79, holders receive a fixed $1,138.50 per $1,000 note (a 13.85% capped return. If the index falls more than 12.50%, principal loss is leveraged: for each additional 1% decline, repayment falls by about 1.1429%, down to zero in a severe drop.

The original issue price is 100% of principal with no underwriting commission; the estimated value is $994.50 per $1,000 note, reflecting structuring and hedging costs. The notes involve credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co. and carry complex and uncertain U.S. tax treatment, including potential future changes affecting prepaid forward contracts.

JPMorgan Chase Financial Company LLC is offering $722,000 of Auto Callable Contingent Interest Notes, in $1,000 denominations, linked to the lesser performing of the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent monthly coupon at a 8.25% per annum rate (0.6875% per month) only when the closing level of each index on a review date is at or above 70% of its initial value

If the notes are not called and, on the final review date, either index finishes below its 70% trigger level, repayment of principal is reduced one-for-one with the decline of the lesser performing index, which can lead to a substantial or total loss of principal. The price to public is $1,000 per note, with estimated value of $961.10 and proceeds to issuer of $977.75 per note, reflecting selling commissions and hedging-related costs.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., offer no dividend rights, are not listed on any exchange, and may have limited or no secondary market liquidity.