Alerian MLP Index ETNs due January 28 2044 (AMJB) 424B Filings

JPMorgan Chase Financial Company LLC is offering capped buffered return enhanced notes linked to the iShares Ethereum Trust ETF (ETHA), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes aim to pay 1.50 times any gain in the ETF at maturity, up to a maximum return of at least 158.00%, which corresponds to a maximum payment of at least $2,580.00 per $1,000 note.

There is a 20.00% downside buffer: if the ETF falls by 20% or less, investors receive back principal. If it falls by more than 20%, losses match further declines, up to a maximum 80.00% loss of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange.

The product provides indirect exposure to ether through ETHA and carries the significant volatility, regulatory and operational risks associated with cryptocurrencies and the Ethereum network. If priced today, the estimated value would be about $916.30 per $1,000 note, and at pricing it will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about January 30, 2026 and mature on February 3, 2028, in minimum denominations of $1,000.

At maturity, if both indices rise, investors receive 1.25 times the lesser index gain, capped at a Maximum Upside Return of at least 17.50%. If the lesser index is flat or down by up to the 20.00% Buffer Amount, investors receive a positive return equal to the absolute decline, up to 20.00%, for a maximum of $1,200 per $1,000 note in that scenario. If either index falls by more than 20.00%, principal is reduced 1% for each 1% loss beyond the buffer, with up to 80.00% of principal at risk.

The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not listed on an exchange, and secondary prices are expected to be below the $1,000 price to public. If priced on the date of the example, the estimated value would be about $983.30 per $1,000 note and will not be less than $900.00 per $1,000 note when finally set.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped dual directional buffered equity notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on August 3, 2027. The notes provide unleveraged exposure to gains in the weaker index, with a Maximum Upside Return of at least 27.00%, and also pay a positive return if that index declines by up to the 10.00% buffer, using the absolute value of the loss.

If either index falls by more than 10.00%, investors lose 1% of principal for each additional 1% decline in the lesser-performing index, up to a 90.00% loss at maturity. The notes pay no interest, do not provide dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, so liquidity may be limited. The estimated value is indicated at approximately $964.10 per $1,000 note, and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured structured notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, maturing on February 2, 2029. The notes provide at least 1.14x leveraged upside participation when both indices finish above their initial levels and a dual-directional feature that can pay positive returns for index declines of up to the 15.00% buffer.

If either index falls by more than 15.00%, investors lose 1% of principal for each additional 1% decline in the lesser performing index, with losses up to 85.00% of principal. The notes pay no interest, do not pass through dividends, and will not be listed on an exchange, so liquidity depends on dealer bids. Minimum denomination is $1,000. If priced on the date shown, the estimated value would be approximately $975.70 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., describes Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity IndexSM that are scheduled to mature on February 4, 2031. The notes provide an uncapped payout of at least 1.80 times any positive Index return at maturity, but do not pay periodic interest.

The structure includes a 70.00% barrier of the Initial Value: if the Index finishes at or above this level, investors receive at least their principal back; if it finishes below, repayment is reduced one‑for‑one with the Index loss and can fall to zero. A hypothetical example shows a 10% Index gain producing an 18% return, while a 60% decline would reduce repayment to $400 per $1,000 note.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced on the described terms, would be approximately $958.80 per $1,000 note and will not be less than $900.00 per $1,000 when finalized, reflecting selling commissions, projected hedging profits or losses, and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering long‑dated auto callable notes linked to the J.P. Morgan Multi‑Asset Index, maturing on February 3, 2033. Each note has a minimum denomination of $1,000 and offers potential early redemption at a premium if, on specified Review Dates starting in 2027, the Index closes at or above preset Call Values.

If the notes are not called early, investors receive full principal at maturity plus any upside based on the Index Return, with a 100% participation rate and no cap on gains. The Index is a rules‑based, futures‑based multi‑asset strategy with a built‑in 1.00% per annum daily deduction, which reduces its level versus a similar portfolio without this fee.

The notes pay no periodic interest and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary document states an estimated value of approximately $913.00 per $1,000 note if priced today, and that the final estimated value will not be less than $900.00 per $1,000 note, reflecting embedded costs and hedging. Liquidity may be limited, secondary market prices are expected to be below issue price, and complex risks arise from the Index’s momentum, volatility targeting and futures‑based structure.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity IndexSM, maturing on January 30, 2031. The notes provide at least 1.60x any positive Index return at maturity, with no cap on upside. If the Index finishes at or above 70% of its initial level, investors receive at least their $1,000 principal per note back; if it finishes below that barrier, repayment falls one-for-one with the Index and principal losses can reach 100%. The notes pay no interest, are unsecured obligations subject to the credit risk of both issuers, and are not bank deposits or FDIC insured. An illustrative estimated value is about $933.40 per $1,000 note, and the final estimated value will not be less than $900.00 per note, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 7-year auto callable notes linked to the J.P. Morgan Multi-Asset Index (ticker MAX). The Index uses a momentum-based strategy across up to 10 futures-based indices in equities, fixed income and commodities, with a 4.0% initial volatility threshold and a 1.00% per annum daily deduction.

The notes have a $1,000 minimum denomination, 100% participation rate and annual review dates. If on any review date (before the final one) the Index level is at or above the applicable call value, the notes are automatically called and pay $1,000 plus a call premium of at least 7.00% per annum. If never called, at maturity investors receive full principal back and, if the Index is above its initial value, an additional return based on the Index performance. The estimated value at pricing will be at least $900 per $1,000, and all payments are subject to the credit risks of the issuer and guarantor, as well as numerous market and liquidity risks.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the iShares Bitcoin Trust ETF. The notes can be automatically called on February 3, 2027 if the ETF’s closing price is at or above the Call Value, paying $1,000 plus a Call Premium Amount of at least $262.50 per $1,000 note. If not called and held to February 2, 2029, investors get 1.50 times any positive ETF return, an at-par return if the final ETF price is at or above 70% of the initial level, and a one-for-one loss below that barrier, up to a total loss of principal. The notes pay no interest, are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and expose investors to the high volatility and regulatory risks of bitcoin through the ETF. The preliminary estimated value is about $958.10 per $1,000 note and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the S&P 500® Index and the Russell 2000® Index, maturing July 12, 2027. The notes provide unleveraged upside to index gains, capped at a Maximum Upside Return of at least 27.85%, and upside to index declines up to a 15.00% buffer, so a 15% drop in the weaker index would pay $1,150 per $1,000 note. If either index falls more than 15%, investors lose 1% of principal for each 1% drop beyond the buffer, with up to 85.00% principal loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have $1,000 minimum denominations, and an estimated value of about $986.40 per $1,000 note, not less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performing of the Nasdaq‑100® Technology Sector Index and the VanEck® Semiconductor ETF, maturing on August 3, 2027. The notes pay a contingent interest rate of at least 9.50% per annum, or at least $23.75 per $1,000 per quarter, but only for Review Dates when the closing value of each underlying is at or above 70.00% of its Initial Value.

The notes may be automatically called on specified Review Dates, starting July 29, 2026, if each underlying is at or above its Initial Value; in that case, holders receive $1,000 plus the applicable contingent interest and no further payments. If the notes are not called and, at maturity, the final value of either underlying is below 70.00% of its Initial Value, repayment of principal is reduced one‑for‑one with the decline in the lesser performing underlying, and investors can lose more than 30% and up to all of their principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The preliminary estimated value is approximately $945.30 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the MerQube US Large-Cap Vol Advantage Index, with potential automatic early redemption at a premium if the index closes at or above 100% of its initial level on specified review dates from January 2027 to January 2031.

The notes do not pay interest or dividends and expose holders to loss of more than 50% and up to all of principal at maturity if the final index level is below a 50% barrier. Call premiums step up from at least 24% to at least 120% of principal depending on when an automatic call occurs. The underlying index applies a 6.0% per annum daily deduction and can use significant leverage (up to 500% exposure to E-mini S&P 500 futures), which can magnify losses and cause performance to lag a comparable index without such a charge.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange, and may have limited or illiquid secondary trading. The preliminary estimated value is about $901.10 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded costs and dealer compensation.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a $1,000 minimum denomination, quarterly review dates and a potential contingent interest rate of at least 10.50% per annum, paid only if the index is at or above the interest barrier on a review date. The index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ-based underlying asset. The notes may be automatically called after the first year if the index is at or above its initial value, in which case investors receive principal plus the applicable interest and no further payments. If held to maturity and the final index level is below 50% of the initial value, repayment of principal is reduced one-for-one with the index decline, and investors can lose their entire investment; the estimated value at pricing will not be less than $900 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (ticker: MQUSTVA). The notes have a minimum denomination of $1,000 and are scheduled to price on January 27, 2026, with a final review date of January 27, 2031 and maturity on January 30, 2031.

The notes pay a contingent interest rate of at least 9.50% per annum, paid quarterly at a rate of at least 2.375%, but interest is only paid if, on a review date, the index is at or above an interest barrier set at 50% of the initial value. The notes are automatically called if, on any review date other than the first three and the final, the index closes at or above its initial value, in which case investors receive principal plus that period’s contingent interest and no further payments.

If the notes are not called and the final index value is at or above the trigger (50% of initial), investors receive principal plus final contingent interest. If the final value is below the trigger, repayment is reduced 1% for every 1% decline from the initial value, and investors can lose more than half—or all—of their principal. The index includes a 6.0% per annum daily deduction and a daily notional financing cost. The estimated value at issuance will not be less than $900 per $1,000 note. Extensive risk factors highlight potential loss of principal, uncertain interest, credit risk of JPMorgan entities, limited liquidity, leverage in the index, and various structural and tax risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year auto callable review notes linked to the MerQube US Large-Cap Vol Advantage Index (ticker MQUSLVA). The notes have a $1,000 minimum denomination, a Pricing Date of January 27, 2026, and are scheduled to mature on January 30, 2031, with annual review dates.

The Index provides rules-based exposure to E‑Mini S&P 500 futures with exposure between 0% and 500% and is reduced by a 6.0% per annum daily deduction. If on any review date the Index is at or above 100% of its initial value, the notes are automatically called and pay $1,000 plus a call premium that will be at least 24.00% per annum.

If not called, and the final Index value is at or above a 50.00% barrier, investors receive full principal at maturity. If the final value is below the barrier, repayment is reduced by the Index return, so investors can lose more than 50% and up to all principal. The estimated value will not be less than $900 per $1,000 note, and all payments are subject to JPMorgan credit risk.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the S&P 500 Index and the Russell 2000 Index, maturing on February 4, 2031.

At maturity, if all three indices finish above their initial levels, investors receive their principal plus at least 1.55 times the gain of the worst-performing index. If any index is at or below its initial level but all three stay at or above 70% of their initial values, investors get their principal plus the absolute decline of the worst-performing index, capped at a 30% gain (maximum $1,300 per $1,000 note in this case).

If any index closes below 70% of its initial level, principal is exposed one-for-one to the loss of the worst-performing index and investors can lose most or all of their investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, are not listed, and may trade below the $1,000 issue price; the preliminary estimated value is about $965.80 per $1,000 note and will not be less than $900 when finalized.

JPMorgan Chase Financial Company LLC is offering Step-Up Auto Callable Notes linked to the J.P. Morgan Dynamic BlendSM Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to return principal at maturity if they are not called, while providing step-up call premiums or index-linked upside.

The notes may be automatically called as early as February 2027 if, on a Review Date, the Index closes at or above a specified Call Value. In that case, investors receive $1,000 plus a Call Premium Amount that steps up from at least 9% to at least 54% of principal over six call dates, and no further payments. If the notes are not called and the Index ends above its initial level, maturity payment adds 100% of the Index’s positive return; if the Index is flat or down, investors receive only principal.

The underlying Index is a rules-based strategy that allocates between U.S. large-cap equity futures and 2-year U.S. Treasury futures, targets 3.0% volatility, and deducts a 0.95% per annum fee. The notes pay no periodic interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and their estimated initial value is expected to be between $880 and approximately $905.70 per $1,000 principal amount.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 7-year step-up auto callable notes linked to the J.P. Morgan Dynamic Blend℠ Index (ticker JPUSDYBL). The Index allocates between a futures-based U.S. large-cap equity index and a 2-year U.S. Treasury futures index while targeting 3.0% volatility and deducting 0.95% per year.

The notes have a $1,000 minimum denomination and a 100% participation rate. On annual Review Dates, if the Index closes at or above the applicable Call Value, the notes are automatically called and pay back principal plus a Call Premium that will be at least 9.00% per annum, after which no further payments are made. If not called and held to maturity, holders receive full principal repayment even if the Index has declined, and may receive additional return if the Final Value is above the Initial Value, subject to the issuers’ credit risk.

The estimated value at pricing will not be less than $880 per $1,000 note. Key risks include limited upside if called, lack of interest payments, index methodology risk, futures and liquidity risks, and exposure to the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the iShares Bitcoin Trust ETF, maturing February 1, 2029. The notes provide 1.50x any positive Fund return at maturity, up to a maximum return of at least 107.00%, implying a maximum payment of at least $2,070 per $1,000 note.

Principal is protected only by a 15.00% downside buffer. If the ETF falls more than 15% from its initial level, investors lose 1% of principal for each additional 1% decline, for a possible loss of up to 85.00% (down to $150 per $1,000 note. The notes pay no interest and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The ETF tracks the price of bitcoin, so the notes embed exposure to a highly volatile and relatively new digital asset, with risks tied to bitcoin regulation, market structure, network issues and the ETF’s fees and trading behavior. An estimated value example is approximately $930.90 per $1,000 note, reflecting embedded structuring and hedging costs and implying likely secondary prices below issue.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5‑year auto callable notes linked to the J.P. Morgan Multi‑Asset Index (ticker MAX). The notes are issued in minimum denominations of $1,000 and provide 100% participation in the positive Index return if held to maturity and not called.

The Index follows a momentum strategy across up to 10 futures‑based indices spanning equities, fixed income and commodities from major developed markets, converted to U.S. dollars where needed, and is subject to a 1.00% per annum daily deduction with an initial volatility threshold of 4.0%.

On each annual Review Date before maturity, if the Index is at or above the applicable Call Value, the notes are automatically called and pay $1,000 plus a Call Premium of at least 8.25% per annum for that date. If not called, investors receive full principal at maturity even if the Index has declined, and may receive additional upside if the Final Value exceeds the Initial Value, all subject to the credit risks of the issuer and guarantor. The estimated value at pricing will not be less than $900.00 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering auto callable notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for investors seeking potential early redemption at a premium if the Index closes at or above preset call levels on annual review dates starting January 29, 2027.

The notes pay no interest. If automatically called, investors receive $1,000 plus a call premium of at least 8.25% to 33.00% of principal, depending on the call year. If not called, at maturity on January 30, 2031 investors receive $1,000 plus an additional amount equal to the Index return times a 100% participation rate, but not less than zero, providing full principal repayment at maturity subject to issuer and guarantor credit risk.

The underlying Index is a rules-based, multi-asset futures strategy with a 1.00% per annum daily deduction and targeted 4% volatility, and may take long and short positions across equity, bond and commodity futures. The estimated value, if priced today, is $940.60 per $1,000 note and will not be less than $900.00 at pricing. The notes are unsecured, unlisted, may be illiquid, and face significant risks including credit risk, complex index behavior, potential issuer discretion after a commodity hedging disruption event, and contingent payment debt tax treatment.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Index, maturing on February 4, 2031. These structured notes provide at least 1.035 times any positive Index return at maturity, with a barrier set at 75% of the initial Index level.

If the Index is above the initial level at maturity, investors receive $1,000 plus the leveraged gain. If the Index is at or above the 75% barrier but not higher than the initial level, investors receive only their $1,000 principal. If the Index finishes below the barrier, repayment falls one-for-one with the Index decline, and investors can lose most or all of their principal.

The notes pay no interest, pass through no dividends on S&P 500® stocks, and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on an exchange, and secondary prices are expected to be below the $1,000 issue price. If priced today, the estimated value would be about $975.10 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index. The index uses a rules-based strategy on E-Mini Russell 2000 futures with exposure between 0% and 500% and embeds a 6.0% per annum daily deduction.

The notes have quarterly review dates and can be automatically called if, on any review date other than the first and final, the index closes at or above its initial value, paying $1,000 per note plus any contingent interest. They pay a contingent interest rate of at least 11.25% per annum, or at least 2.8125% per quarter, only when the index is at or above 60.00% of its initial value. If the notes are not called and the final index value is at or above 60.00% of the initial value, investors receive $1,000 per note plus the final contingent interest payment.

If the notes are not called and the final index value is below 60.00% of the initial value, repayment is reduced by 1% for every 1% decline in the index, leading to losses greater than 40% and potentially a total loss of principal. The estimated value at pricing will not be less than $900 per $1,000 note, and all payments are subject to the credit risks of the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering $1.689 million of Capped Buffered Equity Notes linked to the Class C capital stock of Alphabet Inc. (GOOG), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note in $1,000 minimums, with estimated value of $959.30 per $1,000 at issuance and scheduled maturity on January 5, 2029.

The payoff depends on Alphabet’s share price on January 2, 2029. If the stock is above the initial level of $314.55, holders receive principal plus stock-linked upside, capped at a 75.00% maximum return (maximum payment $1,750 per $1,000 note). If the stock is flat or down by up to the 15.00% buffer, principal is returned.

If Alphabet falls by more than the buffer, investors lose 1% of principal for each 1% decline beyond 15%, for a potential loss of up to 85.00% of principal. The notes pay no interest, provide no dividends or stockholder rights, are unsecured and unsubordinated, and are not listed, so any secondary market would be limited and at prices likely below the original issue price.

JPMorgan Chase Financial Company LLC is offering $1,030,000 of Callable Contingent Interest Notes linked to the worst performer of three ETFs: the State Street Energy Select Sector SPDR ETF, the iShares Russell 2000 ETF and the State Street SPDR S&P Regional Banking ETF. The notes pay a contingent interest rate of 10.00% per annum (2.50% per quarter) if, on a Review Date, each ETF is at or above 70% of its Initial Value; missed coupons can be paid later if the condition is met.

The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and may be redeemed early at the issuer’s option on specified interest payment dates, starting July 6, 2026. If held to the January 5, 2029 maturity and any ETF finishes below 60% of its Initial Value, investors lose 1% of principal for each 1% decline in the least performing ETF and could lose their entire investment. The issue price is $1,000 per note, including $18.50 of fees and commissions, while the estimated value at pricing was $963.30.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $5,010,000 of unsecured review notes linked to the worst performer of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing January 5, 2029. The notes may be automatically called as early as January 4, 2027 if all three indices are at or above their initial levels, paying back $1,000 plus a call premium that starts at 13.20% and steps up to 39.60% by the final review date.

If the notes are not called, investors receive full principal at maturity only if the worst-performing index has not fallen by more than the 15% buffer; beyond that, losses match the decline in the least performing index beyond 15%, up to a maximum 85% loss of principal. The notes pay no interest, provide no dividends, are not exchange-listed, and are subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, while the estimated value at issuance is $984.40, reflecting selling commissions, hedging costs and structuring margins.

JPMorgan Chase Financial Company LLC is offering $5,010,000 of 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 can be automatically called as early as January 4, 2027 if each index is at or above its Call Value, paying $1,000 plus a call premium of up to 39.60% by the final review date.

At maturity on January 5, 2029, if the notes have not been called and the worst-performing index has fallen by more than the 15% buffer, investors lose 1% of principal for each 1% decline beyond that level, up to an 85% loss of principal. The notes pay no interest, provide no dividends, are not exchange-listed and expose investors to the credit risk of both the issuer and guarantor.

The price to the public is $1,000 per note, including $6 in selling commissions, while the issuer’s estimated value is $984.40 per $1,000, reflecting embedded costs and hedging assumptions.

JPMorgan Chase Financial Company LLC is offering $5,010,000 of unsecured, index-linked Review Notes due January 5, 2029, fully guaranteed by JPMorgan Chase & Co. The notes are tied separately to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index and can be automatically called as early as January 4, 2027 if each index is at or above 100% of its initial level. If called, investors receive $1,000 plus a call premium that starts at 13.20% of principal on the first Review Date and rises to 39.60% on the final Review Date. At maturity, if not called and no index has fallen by more than the 15% buffer, investors receive their principal; if any index is down more than 15%, repayment is reduced based on the least performing index and investors can lose up to 85% of principal. The issue price is $1,000 per note, with dealer commissions of $6 and an estimated fair value of $984.40 per note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the lesser performer of the S&P 500 Index and the Russell 2000 Index, maturing on January 22, 2030. These notes give up interest and dividends in exchange for equity-linked upside and carry substantial downside risk.

At maturity, if both indices are at or above their initial levels, investors receive their principal plus the greater of a contingent digital return of at least 43.25% or the actual return of the weaker index. If either index is below its initial level but both stay at or above 75% of their initial values, principal is returned. If either index finishes below 75% of its initial value, repayment is reduced one-for-one with the loss on the weaker index, and all principal can be lost.

The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is approximately $975.90 per $1,000 note and will not be less than $950.00 when finalized.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking monthly contingent interest if the Index closes at or above 70% of its Initial Value on a Review Date, with automatic call possible from April 6, 2026 if the Index is at or above the Initial Value.

The notes do not guarantee principal or interest. If they are not called and the Final Value is below the Trigger Value (70% of the Initial Value), investors lose 1% of principal for each 1% Index decline, down to a zero repayment. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and may cause the Index to trail a similar index without these charges.

The estimated value is approximately $931.90 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions, hedging costs and an internal funding rate. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange and may be illiquid.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the S&P 500ae Futures Excess Return Index, maturing on January 16, 2031. The notes provide at least 1.8975x any positive Index performance at maturity, with no cap on upside.

If the Index on the observation date is at or above 75% of its initial level, investors receive at least their principal, and if it is higher than the initial level they receive leveraged gains. If the Index finishes below the 75% barrier, repayment is reduced one-for-one with the Index decline, and investors can lose some or all of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan entities, and will not be listed on an exchange. The estimated value is illustrated at about $946 per $1,000 note, and will not be less than $920 per $1,000 note when set, reflecting selling costs and hedging economics.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes may pay monthly contingent interest, expected to be at least 12.05% per annum, but only when the Index is at or above 70% of its Initial Value on a Review Date, and they can be automatically called as early as July 9, 2026 if the Index is at or above its Initial Value.

Principal is not protected: if the notes are not called and the Final Value is below 70% of the Initial Value, repayment is reduced one-for-one with the Index decline and can fall to zero. The Index embeds a 6.0% per annum daily deduction, which drags on performance and can cause declines even when the futures strategy is flat or modestly positive. If priced today, the estimated value would be about $926.30 per $1,000 note and will not be less than $900.00 at pricing, and investors face credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, complex futures and leverage exposure, and uncertain tax treatment.

JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the Nasdaq-100 Index®, maturing on February 4, 2027 and fully guaranteed by JPMorgan Chase & Co. The notes provide 1.00x exposure to any gain in the index, but the total return is capped at a maximum of 13.55% per $1,000 note.

At maturity, investors receive full principal back if the index is flat or down by up to 15%. Below this buffer, principal is reduced 1% for each additional 1% index decline, up to a loss of 85%. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both the issuer and guarantor.

The estimated value, if priced on the described date, would be about $992.60 per $1,000 note and will not be less than $960.00, reflecting selling commissions, hedging costs and issuer funding assumptions rather than a guaranteed secondary market price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Uncapped Accelerated Barrier Notes linked to the lesser performance of the Dow Jones Industrial Average and the S&P 500 Index, maturing on January 22, 2031, in minimum denominations of $1,000. At maturity, if both indices finish above their initial levels, holders receive principal plus at least 1.24x the gain of the lesser-performing index. If either index is at or below its initial level but both remain at or above 75% of their initial values, principal is returned. If either index ends below this 75% barrier, repayment is reduced one-for-one with the decline of the lesser-performing index, and principal can be fully lost.

The notes pay no interest and provide no dividends from the underlying stocks. The preliminary estimated value would be about $947.60 per $1,000 note, and will not be less than $920.00 at pricing, reflecting selling commissions of up to $30.00 and a possible structuring fee of $8.50 per $1,000. The notes are not bank deposits, are not FDIC insured, and expose holders to the credit risk of both the issuer and guarantor, as well as limited liquidity and potentially lower secondary market prices.

JPMorgan Chase Financial Company LLC is offering $290,000 of 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 contingent interest rate of 7.15% per annum (0.59583% monthly) only when each index closes at or above 70% of its initial level on a review date, and they can be redeemed early at the issuer’s option starting July 2, 2026 on specified interest payment dates.

If held to maturity without early redemption, investors receive full principal only if the worst-performing index finishes at or above its 60% trigger level; otherwise the payoff is reduced in line with the decline of the least performing index, and principal losses can be substantial, up to 100%. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, have no dividend rights, may be illiquid, and have an estimated value of $947.70 per $1,000 note, below the $1,000 issue price due to embedded costs and dealer compensation.

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.