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

JPMorgan Chase & Co. is offering $2,000,000 of callable fixed-rate notes due December 21, 2035. The notes pay fixed interest at 4.80% per annum, with interest paid in arrears each December 23 from 2026 through 2034 and at maturity, using a 30/360 day count. Each note has a $1,000 principal amount.

The issuer may redeem the notes in whole, but not in part, on June 23 and December 23 of each year from December 23, 2027 through June 23, 2035 at par plus accrued interest, so investors face reinvestment risk if the notes are called early. The notes are senior unsecured obligations of JPMorgan Chase & Co., not bank deposits and not FDIC-insured.

The pricing table shows a price to the public of $1,000 per note, underwriting fees of $20 per note and issuer proceeds of $980 per note, or $1,960,000 in total. The disclosure highlights that in a resolution of JPMorgan Chase & Co. under U.S. bankruptcy or Title II of Dodd-Frank, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, whose claims are structurally junior to creditors of subsidiaries.

JPMorgan Chase & Co. is offering $1,000,000 of Callable Step-Up Fixed Rate Notes due December 23, 2043. The notes pay annual interest in arrears at fixed step-up rates of 5.30% from December 23, 2025 to December 23, 2031, 5.40% to December 23, 2037 and 5.50% to December 23, 2043, based on a 30/360 day-count. JPMorgan may redeem the notes in whole on March, June, September and December 23 each year from September 23, 2028 through September 23, 2043 at par plus accrued interest. The price to the public is $1,000 per note, with selling commissions of $20.75 per $1,000 and proceeds to the issuer of $979.25 per note, or $979,250 in total. The notes are unsecured obligations of JPMorgan Chase & Co., subject to resolution and bankruptcy risks described in the risk and resolution plan disclosures.

JPMorgan Chase & Co. is offering $10,071,000 of callable fixed-rate notes due December 23, 2055. The notes pay interest at 5.55% per year, with payments made annually on December 23 starting in 2026, using a 30/360 day count convention. At maturity, investors receive the principal plus any accrued and unpaid interest if the notes have not been redeemed earlier.

Starting June 23, 2030, and on each June 23 and December 23 thereafter through June 23, 2055, JPMorgan may redeem all, but not part, of the notes at par plus accrued interest. The price to the public is $1,000 per note, with selling commissions of $21.383 per $1,000 and proceeds to JPMorgan Chase & Co. of $9,855,652.50 before other expenses.

The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured. In a resolution scenario under U.S. bankruptcy or Title II of the Dodd-Frank Act, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, and recoveries could be limited.

JPMorgan Chase & Co. is offering callable fixed rate notes due December 20, 2030. The notes pay interest at a fixed 4.25% per annum, calculated on a 30/360 day-count basis, with interest paid in arrears on June 20 and December 20 of each year, beginning June 20, 2026, until the maturity date or an earlier redemption.

The issuer may redeem the notes early on December 20, 2028 at par plus accrued and unpaid interest, in whole but not in part, with at least five business days’ notice. At maturity, if the notes have not been called, investors receive the principal amount plus any accrued and unpaid interest. The notes are unsecured obligations of JPMorgan Chase & Co., rank junior to creditors of its subsidiaries, are not bank deposits and are not insured by the FDIC or any government agency. The tax opinion treats the notes as fixed-rate debt instruments for U.S. federal income tax purposes.

JPMorgan Chase & Co. is offering $2,500,000 of callable fixed rate notes due December 21, 2029, paying 4.00% interest per year on a 30/360 basis. Interest is paid annually on December 23, starting in 2026 and continuing to 2028, with a final payment at maturity if the notes have not been called. Beginning December 23, 2027, and on the 23rd of March, June, September and December through September 23, 2029, the issuer may redeem all of the notes at par plus accrued interest.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any other government agency. The price to the public is $1,000 per note; after $7.50 per note in selling commissions, the issuer expects proceeds of $2,481,250. The disclosure highlights that in a bankruptcy or Title II resolution, losses would be borne first by equity and then by unsecured creditors, including holders of these notes, and that recovery could be limited.

JPMorgan Chase & Co. is offering $8,527,000 of callable fixed-rate notes due December 23, 2037. The notes pay interest at a fixed rate of 5.10% per annum on a 30/360 basis, with interest paid annually in arrears each December 23, starting in 2026, until maturity or earlier redemption.

Beginning December 23, 2027 and on each June 23 and December 23 thereafter through June 23, 2037, JPMorgan may redeem all (but not part) of the notes at 100% of principal plus accrued interest. At maturity, investors receive their principal plus any accrued and unpaid interest if the notes have not been called.

The notes are issued at $1,000 per note, with total price to the public of $8,526,910 and proceeds to JPMorgan of $8,415,126.50 after fees and commissions. They are unsecured obligations of JPMorgan, are not bank deposits, are not FDIC insured, and could be exposed to loss in a resolution scenario where unsecured creditors, including noteholders, bear losses ahead of subsidiary creditors and secured or priority claims.

JPMorgan Chase & Co. is offering $6,040,000 of callable fixed rate notes due December 21, 2040. The notes pay interest at a fixed rate of 5.25% per annum, with interest payable annually on December 23, beginning in 2026 and continuing to the maturity date, unless the notes are redeemed earlier. For each $1,000 principal amount, annual interest is calculated as $1,000 × 5.25% × a 30/360 day count fraction.

Beginning December 23, 2027 and on June 23 and December 23 of each year through June 23, 2040, JPMorgan may redeem the notes in whole at par plus accrued interest, on at least five business days’ notice. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. The price to the public is $1,000 per note, with selling fees and commissions reducing net proceeds to the issuer to $5,947,320.

The disclosure highlights that in a stressed resolution scenario under U.S. bankruptcy or Title II of the Dodd-Frank Act, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, who rank behind creditors of JPMorgan’s subsidiaries and secured and priority creditors.

JPMorgan Chase & Co. is offering $2,000,000 of callable step-up fixed rate notes due December 21, 2035. These notes pay fixed annual interest in arrears, starting at 4.75% per annum from December 23, 2025 to December 23, 2030, 5.00% per annum from December 23, 2030 to December 23, 2033, and 6.00% per annum from December 23, 2033 to maturity.

The issuer may redeem the notes in whole, but not in part, on June 23 and December 23 of each year from December 23, 2027 through June 23, 2035 at par plus accrued interest, so investors face reinvestment risk if the notes are called early. Interest is calculated on a 30/360 day count basis, with interest paid each December 23 beginning in 2026 and on the maturity date.

The price to the public is $1,000 per note, with $10 in selling commissions per $1,000, resulting in proceeds to the issuer of $1,980,000. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, are not FDIC-insured, and would rank behind creditors of its subsidiaries in a resolution scenario, which could limit recovery for holders.

JPMorgan Chase & Co. is offering $3,060,000 of callable fixed-rate notes due June 23, 2038. The notes pay interest at a fixed rate of 5.00% per year, with interest payable annually on December 23 starting in 2026 and on the maturity date, using a 30/360 day count convention.

JPMorgan may redeem the notes early, in whole but not in part, on June 23 and December 23 of each year from December 23, 2027 through December 23, 2037, at 100% of principal plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by any government agency.

The price to the public is $1,000 per note, including hedging costs, with selling commissions of $20.654 per $1,000 note. JPMorgan expects to receive proceeds of $2,996,800 before other expenses. The documents highlight that in a bankruptcy or regulatory resolution scenario, holders of these notes are unsecured creditors and may face significant loss.

JPMorgan Chase & Co. is offering $16,200,000 of callable fixed rate notes due December 23, 2037. The notes pay fixed interest at 5.00% per annum, with interest on each $1,000 principal amount paid annually on December 23, beginning in 2026. Starting December 23, 2030, and on each June 23 and December 23 thereafter to June 23, 2037, JPMorgan may redeem all (but not part) of the notes at par plus accrued interest.

The public offering price is $1,000 per note, with selling commissions of $12.242 per $1,000 and estimated proceeds to the issuer of $16,001,500. The notes are unsecured obligations of JPMorgan Chase & Co., structurally subordinated to subsidiary creditors and not insured by the FDIC. In a JPMorgan resolution under U.S. bankruptcy or Dodd-Frank regimes, holders could face losses and recover only after priority and secured creditors are fully repaid.

JPMorgan Chase & Co. is offering $20,000,000 of Callable Fixed Rate Notes due December 22, 2045. The notes pay fixed interest at 5.45% per annum, with interest payable annually on December 23 starting in 2026 and on the maturity date, using a 30/360 day-count convention.

The issuer may redeem the notes early, in whole but not in part, on June 23 and December 23 of each year from December 23, 2028 through June 23, 2045 at par plus accrued interest. Each note has a $1,000 principal amount, with a public offering price of $1,000 per note (or $997.50 for certain institutional or fee-based accounts). Underwriting fees are $23.549 per $1,000 note, resulting in total proceeds to the issuer of $19,528,750.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any other governmental agency. Holders are exposed to issuer credit risk and to potential loss in a bankruptcy or regulatory resolution scenario, as described in the resolution and risk discussions.

JPMorgan Chase & Co. is issuing $15,200,000 Callable Fixed Rate Notes due December 21, 2035. The notes pay fixed interest at 5.10% per annum, calculated on a 30/360 basis, with interest paid annually on December 23 from 2026 through 2034 and at maturity, for each $1,000 principal amount.

The issuer may redeem the notes early, in whole but not in part, on June 23 and December 23 of each year from December 23, 2027 through June 23, 2035 at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency.

Under JPMorgan’s preferred “single point of entry” resolution strategy, losses in a severe stress or failure scenario would be borne first by equity holders and then by unsecured creditors, including holders of these notes, whose claims are structurally junior to creditors of JPMorgan’s subsidiaries and to priority and secured creditors.

JPMorgan Chase & Co. is offering $13,240,000 of callable fixed rate notes due December 23, 2030. The notes pay fixed interest at 4.20% per annum, with interest paid annually on December 23, starting in 2026, based on a 30/360 day count. Beginning December 23, 2027 and on each June 23 and December 23 through June 23, 2030, the issuer may redeem the notes at par plus accrued interest.

The notes are unsecured obligations of JPMorgan Chase & Co., structurally junior to creditors of its subsidiaries and are not bank deposits or FDIC insured. Under the firm’s preferred “single point of entry” resolution strategy, losses in a stress scenario would be borne first by equity holders and then by unsecured creditors, including noteholders. The price to the public is $1,000 per note, with selling commissions up to $7.35 per $1,000 and total issuer proceeds of $13,145,550 before hedging and other costs. The notes are expected to be treated as fixed-rate debt for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC is offering $315,000 of auto callable contingent interest notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon at a rate of 7.00% per annum if, on the relevant review date, the Index closes at or above 85% of its initial level. The notes are automatically called on quarterly review dates if the Index is at or above its initial level, with the earliest possible call on December 18, 2026. If the notes are not called and the Index finishes below 63% of its initial level at maturity, investors lose 1% of principal for each 1% Index decline and can lose their entire investment. The notes are unsecured, not FDIC insured, and the estimated value at pricing was $973.10 per $1,000 versus a $1,000 issue price, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,011,000 of capped notes linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the Nasdaq-100 Index, maturing on December 21, 2029 and fully guaranteed by JPMorgan Chase & Co.

For each $1,000 note, investors receive full principal repayment at maturity, subject to the credit risk of the issuer and guarantor, plus an Additional Amount equal to 150% of the least performing index’s positive return, capped at $250 (a 25.00% maximum gain). If any index finishes at or below its initial level, no Additional Amount is paid and investors only receive principal back, with no adjustment for inflation.

The notes do not pay interest or dividends, are unsecured and unsubordinated, and will not be listed on any exchange, so liquidity will depend on dealer willingness to buy. The price to the public is $1,000 per note, including fees and structuring costs, while the estimated value at issuance is $943.70, reflecting internal funding and hedging assumptions. Tax treatment is expected to follow contingent payment debt instrument rules, requiring accrual of original issue discount over the life of the notes.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Buffered Digital Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing on January 14, 2027. The notes target a fixed contingent digital return of at least 5.15% per $1,000 at maturity if the final level of each index is at or above its initial level, or down by no more than the 30.00% buffer. If any index falls by more than 30%, principal is reduced 1% for each 1% drop beyond the buffer, with losses up to 70% of principal.

Investors receive no interest or dividends, and payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $989.60 per $1,000 note and will not be less than $900. Key risks include market declines, exposure to small‑cap stocks via the Russell 2000®, limited liquidity, potential conflicts of interest, secondary prices below issue price, and uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering buffered digital notes linked to the least performing of 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 mature on July 14, 2027 and are unsecured, unsubordinated obligations.

If the final level of the least performing index is at or above its initial level, or down by no more than 20.00%, investors receive a fixed Contingent Digital Return of 11.50%, or $1,115 per $1,000 note. If any index falls by more than 20.00%, principal is reduced 1% for each percentage point decline beyond the 20.00% buffer, up to an 80.00% loss. The indicative estimated value is about $987.90 per $1,000, and will not be less than $900 when set. The notes pay no interest, provide no index dividends, are not FDIC insured, will not be listed, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as complex tax treatment.

JPMorgan Chase Financial Company LLC is offering buffered digital notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing April 14, 2027 and guaranteed by JPMorgan Chase & Co.

The notes target a fixed return of at least 7.80% at maturity per $1,000 note if the final level of the least performing index is at or above its initial level, or down by no more than 25.00%. In that case, investors receive $1,078 per $1,000 note, regardless of how far any index has risen within that range.

If any index ends more than 25.00% below its initial level, principal is exposed to losses on a one-for-one basis beyond the buffer, down to a minimum of $250 per $1,000 note, so up to 75.00% of principal can be lost. The notes pay no interest, do not provide index dividends, are unsecured, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is illustrated at approximately $988.80 per $1,000 note and will not be less than $900 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering uncapped accelerated barrier notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the S&P 500® Index, due January 4, 2030. The notes are expected to price on or about December 30, 2025 and settle on or about January 5, 2026, in minimum denominations of $1,000.

At maturity, if all three indices finish above their initial levels, investors receive $1,000 plus the least-performing index’s gain multiplied by an upside leverage factor of at least 1.5675. If any index finishes at or below its initial level but all remain at or above 70% of their initial values, principal is returned. If any index closes below this 70% barrier, repayment is reduced one-for-one with the decline of the least-performing index, and investors can lose more than 30% and up to all principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and their estimated value on the pricing date is expected to be below the $1,000 issue price, illustrated at approximately $967.30 and not less than $930.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes tied to the lowest performer of the S&P 500, Russell 2000 and Nasdaq‑100 indices, with principal at risk.

The notes have a $1,000 denomination and can be automatically called on January 5, 2027 if the lowest index is at or above its starting level, paying $1,090 per note, a fixed 9.00% call premium. If not called, the January 4, 2028 maturity payout depends on the worst index: leveraged upside at an upside participation rate of at least 112.50% if it rises, a positive “absolute return” up to 20% if it falls but not more than the 20% buffer, and 1‑for‑1 losses beyond that buffer, with investors potentially losing up to 80% of principal.

The notes pay no interest, are designed to be held to maturity, and have no exchange listing. The preliminary estimated value is approximately $963.80 per note and will not be less than $930.00, below the $1,000 price to public, reflecting selling commissions of $23.25 and hedging and structuring costs, as well as issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering $900,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at a rate of 8.00% per annum, but only for review dates when the index closes at or above 56% of its initial level, and missed coupons can be paid later if conditions are again met.

The notes can be automatically called as early as December 18, 2026 if the index is at or above its initial value on certain review dates, returning $1,000 per note plus due interest. If held to maturity and not called, investors are protected only down to 85% of the initial index level; below that buffer, principal is reduced 1% for every additional 1% index loss, for up to an 85% loss of principal. The underlying index tracks leveraged exposure to the Invesco QQQ Trust with a 6.0% per annum daily deduction and a notional financing cost, which together create a persistent drag on index performance. The notes are unsecured obligations subject to the credit risk of both the issuer and the guarantor.

JPMorgan Chase & Co. is offering callable fixed rate notes due December 22, 2045. The notes pay fixed annual interest at a rate of 5.60% per annum, calculated on a 30/360 day count basis, with interest paid in arrears each December 23, beginning in 2026 and ending on the maturity date. Beginning December 23, 2027, and on the 23rd calendar day of June and December each year through June 23, 2045, JPMorgan may redeem the notes in whole at par plus accrued and unpaid interest. At maturity, if the notes have not been called, investors receive the principal amount plus any accrued and unpaid interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any other governmental agency. The materials highlight significant risk factors, including resolution and creditor hierarchy risks in a stress or failure scenario.

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 are scheduled to mature on January 30, 2031 and are issued in minimum denominations of $1,000.

Holders receive a contingent monthly interest payment only if, on each Review Date, the Index closes at or above 75% of its Initial Value, with missed coupons potentially paid later if the barrier is met. The notes are automatically called if, on certain Review Dates starting January 27, 2027, the Index closes at or above its Initial Value, returning principal plus due coupons.

If the notes are not called and the Index finishes below an 85% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15% buffer, for a potential loss of up to 85% of principal. The underlying Index targets 35% volatility with up to 500% leverage and is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The estimated value is indicated at about $909.70 per $1,000 note, and will not be less than $900.00, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon only if, on a Review Date, each index closes at or above 70% of its Initial Value; otherwise no interest is paid for that period. If the notes are not redeemed early and, on the final Review Date, any index is below 60% of its Initial Value, investors lose 1% of principal for each 1% decline in the Least Performing Index, up to a total loss of principal.

The issuer can redeem the notes early, in whole, on specified Interest Payment Dates starting March 26, 2026, returning $1,000 per note plus any due contingent interest. The preliminary estimated value is approximately $979.70 per $1,000 note and will not be less than $900.00, reflecting embedded fees, hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 3, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Rate of at least 9.00% per annum if, on a Review Date, the Index is at or above an Interest Barrier of 68.00% of the Initial Value. Missed coupons can be paid later if the barrier is met on a future Review Date.

The notes may be automatically called as early as December 29, 2026 if the Index is at or above its Initial Value, returning principal plus the applicable coupon and any unpaid coupons. At maturity, if not called and the Index is below the 85.00% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond a 15.00% Buffer Amount, up to a maximum loss of 85.00%.

The Index dynamically leverages exposure to the Invesco QQQ TrustSM, Series 1 up to 500%, but its performance is reduced by a 6.0% per annum daily deduction and a daily notional financing cost. The estimated value of the notes, if priced today, would be approximately $908.90 per $1,000 principal amount and will not be less than $900.00, and payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable notes linked to the J.P. Morgan Multi-Asset Index, a diversified, rules-based futures index that includes a 1.00% per annum daily deduction. The notes target investors seeking potential early redemption at a premium and full principal repayment at maturity, but who are willing to forgo periodic interest and accept issuer and guarantor credit risk.

The notes can be automatically called on annual Review Dates starting December 31, 2026 if the Index closes at or above preset Call Values. In that case, investors receive $1,000 plus a Call Premium Amount of at least 6.25%, 12.50%, 18.75% or 25.00% of principal on successive Review Dates. If not called, at maturity on January 3, 2031 investors receive $1,000 plus an uncapped Additional Amount equal to the Index Return times a 100% participation rate, floored at zero.

The notes are unsecured, unsubordinated obligations with minimum denominations of $1,000. If priced today, the estimated value would be approximately $938 per $1,000, and will not be less than $900 when finalized. Key risks include lack of interest, liquidity constraints, complex index and futures-based strategy, possible commodity hedging disruption adjustments, and potential conflicts of interest as an affiliate sponsors and calculates the Index.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,442,000 of callable notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on December 23, 2030. Each note has a $1,000 denomination, with a price to the public of $1,000, fees of $44 and net proceeds of $956 per note. The bank’s estimated value is lower, at $904.50 per $1,000 note.

The notes can be automatically called on annual review dates starting in December 2026 if the index is at or above its initial level, paying back $1,000 plus a fixed call premium that ranges from 22.35% on the first review date up to 111.75% on the final review date.

If never called, principal is protected only down to a 15% buffer. If the index falls by more than 15%, repayment is reduced dollar-for-dollar with losses beyond that level, and investors could lose up to 85% of principal. The index itself includes a 6.0% per annum daily deduction plus a notional financing cost on its QQQ exposure, which systematically drags on performance.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a monthly Contingent Interest Payment if on a Review Date the closing value of each underlying is at or above 60% of its Initial Value, which is the Interest Barrier.

The notes may be automatically called as early as June 23, 2026 if, on certain Review Dates, each underlying closes 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 any underlying finishes below its Trigger Value (also 60% of Initial Value) on the final Review Date, repayment of principal is reduced one-for-one with the decline of the least performing underlying, potentially down to zero.

The preliminary estimated value is approximately $960.10 per $1,000 note and will not be less than $900.00, reflecting selling commissions, structuring and hedging costs. 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, pay no fixed interest or dividends, and involve concentrated risks tied to technology and regional banking stocks, as well as ETF tracking and liquidity risks.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due January 4, 2029, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Investors receive contingent monthly interest only if the closing level of each index on a review date is at least 70% of its initial value. The contingent interest rate will be at least 7.70% per annum.

The issuer can redeem the notes early, in whole, on certain interest payment dates starting July 2, 2026, paying $1,000 plus any due contingent interest. If held to maturity and any index finishes below its 70% trigger value, repayment of principal is reduced in line with the decline of the least performing index, and investors could lose their entire investment. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not FDIC insured, and will not be listed on an exchange. If priced today, the estimated value would be about $946.20 per $1,000, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Nasdaq‑100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about December 29, 2025, settle on or about January 2, 2026, and mature on July 5, 2028, with minimum denominations of $1,000.

Holders receive a Contingent Interest Payment for any Review Date on which the closing level of each Index is at or above 70% of its Initial Value, and may receive up to 30 such payments at a Contingent Interest Rate of at least 7.15% per year. If the notes are called, beginning July 2, 2026, investors receive $1,000 plus any due contingent interest and no further payments.

If the notes are not redeemed early and the Final Value of the Least Performing Index is at least 60% of its Initial Value, investors receive $1,000 per note plus any final contingent interest; if the Final Value of the Least Performing Index is below 60%, principal is reduced one‑for‑one with that decline, potentially to zero. The indicative estimated value is approximately $948.60 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and JPMorgan’s internal funding rate. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., pay no dividends, and will not be listed, so liquidity and secondary prices may be limited.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on January 9, 2031, in minimum denominations of $1,000.

These unsecured notes seek monthly Contingent Interest Payments when, on a Review Date, the closing level of each index is at least 70% of its Initial Value. The issuer may redeem the notes early, in whole, on certain Interest Payment Dates starting July 9, 2026, paying $1,000 per note plus any due contingent interest.

If the notes are not redeemed early and, on the final Review Date, the least performing index is at or above its Trigger Value (60% of Initial Value), investors receive back $1,000 per note plus any final contingent interest. If the least performing index finishes below its Trigger Value, repayment is reduced in line with its loss, and investors can lose some or all principal. If priced on the example date, the estimated value would be about $959.80 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the lesser performance of the Nasdaq-100^® Technology Sector IndexSM and the Russell 2000^® Index, maturing in June 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors may receive monthly Contingent Interest Payments only if, on a given Review Date, the closing level of each index is at least 70.00% of its Initial Value (the Interest Barrier). The hypothetical Contingent Interest Rate is 10.70% per annum

If the notes are not redeemed early and the Final Value of either index is below its Trigger Value of 70.00% of Initial Value, the repayment of principal is reduced 1% for each 1% decline in the Lesser Performing Index, down to a potential total loss. The notes are unsecured obligations, not bank deposits, not FDIC-insured, and have limited liquidity. If priced today, the estimated value would be about $977.50 per $1,000 note, and at issuance it will not be less than $900.00 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked separately to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive a monthly Contingent Interest Payment only when the closing level of each index on a Review Date is at least 70% of its Initial Value, the Interest Barrier.

If the notes are not redeemed early and on the final Review Date the least performing index is at or above its 60% Trigger Value, investors receive their $1,000 principal per note plus any final Contingent Interest Payment. If the least performing index finishes below its Trigger Value, repayment is reduced in line with the index loss, and investors can lose some or all of their principal.

The issuer may redeem the notes early on specified Interest Payment Dates starting July 2, 2026, paying $1,000 per note plus any due Contingent Interest Payment. The hypothetical Contingent Interest Rate is shown as 7.45% per annum, and the current estimated value is approximately $944.80 per $1,000 principal, not less than $900. The notes are unsecured, will not be listed, pay no fixed coupons or dividends, and carry equity market, sector, small‑cap, technology, liquidity and credit risks.

JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as January 29, 2027 if the Index closes at or above a preset Call Value on a Review Date, paying back $1,000 plus a Call Premium Amount that starts at at least 16.75% of principal and steps up over time to at least 83.75% at the final Review Date.

If not called, principal is protected only down to a 15% buffer; below that, investors lose 1% of principal for each additional 1% Index decline, up to an 85% loss at maturity. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which drags performance and means the Index will trail an identical index without such charges. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and are not FDIC insured. An indicative estimated value is approximately $907.40 per $1,000 principal amount, and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto-callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 3, 2031. The notes may be automatically called on scheduled Review Dates starting December 31, 2026 if the Index is at or above 100% of its initial level, paying $1,000 plus a Call Premium Amount that starts at at least 20.650% of principal and can reach at least 103.250% on the final Review Date.

If the notes are not called, a 15% downside buffer applies at maturity: investors receive full principal if the Index is down by no more than 15%, but lose 1% of principal for each 1% Index decline beyond that level, up to an 85% loss. The notes pay no interest and provide no QQQ Fund dividends. The Index includes a 6.0% per annum daily deduction and a notional financing cost, and can use leverage up to 500%, which can magnify losses. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed. The estimated value, if priced on the indicated date, is approximately $909.60 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 auto callable contingent interest notes linked to the common stock of Exxon Mobil Corporation, maturing on December 23, 2027.

The notes pay a quarterly Contingent Interest Payment of at least $22.50 per $1,000 (a rate of at least 9.00% per annum, or 2.25% per quarter) for any Review Date where Exxon Mobil’s share price is at or above 75.00% of the Initial Value, the Interest Barrier. If the price is below this level, no interest is paid for that quarter.

The notes are automatically called if, on any Review Date other than the first and final, Exxon Mobil’s share price is at or above the Initial Value, returning $1,000 plus the applicable interest. If not called and the Final Value is below the Trigger Value (also 75.00% of the Initial Value), repayment at maturity is reduced dollar-for-dollar with the stock loss, and investors can lose more than 25.00% and up to all principal.

The notes are unsecured, unsubordinated obligations, not listed on any exchange, do not pay dividends, and had an indicative estimated value of approximately $970.00 per $1,000, not less than $950.00, reflecting selling commissions, structuring fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering Capped Enhanced Participation Equity Notes due February 8, 2027, linked to the iShares Semiconductor ETF (SOXX) and fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, pays no interest and is not listed on any exchange.

At maturity, the cash payment depends on the ETF’s performance from the December 16, 2025 initial level of $296.20 to the February 4, 2027 determination date. If the ETF rises, investors receive 4x the positive return, capped at a maximum settlement amount expected to be at least $1,341.60 per $1,000 note, corresponding to a cap level expected to be at least 108.54% of the initial level. If the ETF falls, principal is reduced one-for-one with the ETF’s decline, and investors can lose their entire investment.

The estimated value at pricing is expected between $972.60 and $982.60 per $1,000 note, below the 100% original issue price due to selling commissions of up to 1.13%, structuring and hedging costs. The notes are unsecured obligations exposed to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to three ETFs: State Street Energy Select Sector SPDR, VanEck Semiconductor and State Street Utilities Select Sector SPDR, maturing on January 3, 2031.

For each $1,000 note, investors may receive a monthly Contingent Interest Payment of at least $7.9167 (at least 9.50% per annum) if on a Review Date the closing price of one share of each ETF is at or above 70% of its Initial Value; unpaid interest can be caught up later if this condition is met.

The notes are automatically called starting December 29, 2026 if each ETF is at or above its Initial Value, paying $1,000 plus current and any unpaid interest. If held to maturity and any ETF finishes below 60% of its Initial Value, principal is reduced one-for-one with the worst ETF’s loss, and all principal can be lost. The preliminary estimated value is about $918.40 per $1,000 note and will not be less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Digital Barrier Notes linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing on January 27, 2027. The notes are expected to price around December 22, 2025 and settle around December 26, 2025 in minimum denominations of $1,000.

If, on the observation date, the final level of each index is at least 60% of its initial level (the Barrier Amount), investors receive principal plus a fixed Contingent Digital Return of at least 7.00%, regardless of how far the indices have risen. If any index finishes below its 60% barrier, repayment is fully at risk: the maturity payment becomes $1,000 plus the return of the least performing index, so losses exceed 40% and can reach a total loss of principal. The preliminary estimated value is about $984.40 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering equity-linked review notes tied to the lesser performance of the S&P 500 Index and the Russell 2000 Index, maturing in December 2028. The notes may be automatically called on scheduled review dates starting in December 2026 if the closing level of each index is at or above its applicable call value, paying back $1,000 per note plus a call premium.

Minimum call premiums range from at least 9.35% to at least 28.05% of the $1,000 principal amount, but investors forgo interest and dividends and face downside risk at maturity. If the notes are not called and either index finishes below 70% of its initial level, repayment is reduced one-for-one with the loss on the lesser-performing index, so investors can lose more than 30% and up to their entire principal. The estimated value at pricing is expected to be about $960 per $1,000 note and not less than $940, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 3, 2031. The notes may be automatically called as early as December 31, 2026 if the Index is at or above 100% of its initial level, paying back $1,000 plus a call premium of at least 23.95% on the first review date and up to at least 95.80% on later review dates.

If not called and the Index is above its initial level at final maturity, holders receive $1,000 plus the full Index gain. A 15% downside buffer applies, but if the Index falls by more than 15%, principal is reduced one-for-one beyond that buffer, with up to 85% loss of principal possible. The Index incorporates a 6.0% per annum daily deduction and a notional financing cost that drag on performance, and the notes carry the unsecured credit risk of both the issuer and guarantor. The estimated value is initially about $903.70 per $1,000 note and will not be less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured "Review Notes" linked to the MerQube US Tech+ Vol Advantage Index, maturing on December 31, 2030. These notes can be automatically called on scheduled Review Dates starting December 31, 2026 if the Index closes at or above 100% of its initial level, paying back $1,000 plus a Call Premium Amount that starts at 18.2500% of principal and can reach up to 91.2500% by the final Review Date.

The notes have a 15.00% buffer at maturity. If not called and the Index is down by up to 15%, investors receive their $1,000 principal; if it is down by more than 15%, repayment is reduced $1 for every 1% drop beyond that, up to an 85.00% loss of principal. The Index includes a 6.0% per annum daily deduction and a notional financing cost on exposure to the Invesco QQQ TrustSM, Series 1, which together drag on performance and cause the Index to trail an identical index without these charges.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are issued in minimum denominations of $1,000, and have an estimated value, if priced today, of approximately $903.90 per $1,000 principal amount, not less than $900.00 when finally set.

JPMorgan Chase Financial Company LLC plans to issue 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, maturing on December 30, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on January 4, 2027 if each index closes at or above its Call Value, in which case investors receive $1,000 plus a Call Premium Amount of at least $120 per note and no further payments.

If not called and each index’s final value exceeds its initial value, investors receive $1,000 plus 2.54 times the appreciation of the least performing index. If any index finishes at or below its initial value but at or above 70% of its initial value, investors receive only their principal. If any index ends below 70% of its initial value, repayment is reduced one-for-one with the least performing index, and investors can lose some or all principal.

The notes pay no interest, do not provide dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000. If priced on the date of the example, the estimated value would be approximately $963.10 per $1,000 note and will not be less than $900.00, reflecting embedded selling commissions and hedging and structuring costs.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about December 24, 2025 and mature on December 30, 2027, with a potential automatic call on December 30, 2026 if each index closes at or above its Call Value.

If not called, investors get 2.00 times any positive return of the least performing index at maturity. If any index finishes at or below its Initial Value but at or above 70.00% of its Initial Value, investors receive only the principal back. If any index falls below 70.00% of its Initial Value, repayment is reduced one-for-one with the index loss, down to zero. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and carry limited liquidity and complex tax treatment. The Call Premium Amount will be at least $172.50 per $1,000 note, and the indicative estimated value is approximately $971.40 per $1,000 note, lower than the original issue price.

JPMorgan Chase Financial Company LLC is offering unsecured Callable Contingent Interest Notes due November 29, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Nasdaq‑100^® Technology Sector Index, the Russell 2000^® Index and the State Street SPDR S&P Regional Banking ETF, with a minimum denomination of $1,000.

Investors may receive monthly Contingent Interest Payments at a rate that will be at least 11.25% per annum, but only when the closing value of each underlying is at or above 70% of its Initial Value (the Interest Barrier. Principal is at risk: if the notes are not redeemed early and the Final Value of the least performing underlying is below 55% of its Initial Value (the Trigger Value), repayment at maturity will be reduced in line with that loss, potentially to zero. The issuer may redeem the notes early on specified dates, beginning March 26, 2026. If priced today, the estimated value would be about $970.60 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 $4,957,000 of Medium-Term Notes, Series A, Digital Equity Notes due March 17, 2027, linked to the S&P 500® Index. Each note has a $1,000 principal amount, is sold at 100% of principal, pays no interest, and will not be listed on any exchange.

At maturity, if the S&P 500 final level is at least 87.50% of the initial level of 6,800.26, investors receive a fixed $1,089 per $1,000 note (a capped return of 108.90% of principal. Below that threshold, losses are leveraged: for every 1% drop beyond the 12.50% buffer, repayment falls by about 1.1429%, and investors can lose their entire investment. The estimated value at pricing is $983.60 per $1,000 note, lower than the issue price because it includes selling commissions, hedging costs and dealer profits.

The notes are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. They involve limited upside, principal-at-risk exposure to the S&P 500, potential illiquidity, complex U.S. tax treatment (including open-transaction treatment and Section 871(m) considerations), and conflicts of interest because JPMorgan and its affiliates structure, hedge, make markets in, and value the notes.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $674,000 of Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing in December 2028. The notes provide unleveraged exposure to index moves, with a Maximum Upside Return of 23.40% (maximum payment of $1,234 per $1,000 note) when the lesser performing index finishes above its initial level.

If either index ends flat or down by up to the 30.00% buffer, investors receive a positive return equal to the absolute decline of the lesser performer, capped at a maximum payment of $1,300 per $1,000 note. If either index falls by more than 30%, principal is reduced 1% for each 1% drop beyond the buffer, up to a maximum loss of 70% of principal at maturity. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed on an exchange, and had an estimated value at pricing of $963 per $1,000 note, below the $1,000 price to the public.

JPMorgan Chase Financial Company LLC is offering $579,000 of digital barrier notes linked to the lesser performing of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes run from the December 19, 2025 original issue date to a scheduled maturity on December 21, 2028. If on the December 18, 2028 observation date the final level of each index is at least 80% of its initial level, investors receive $1,292 per $1,000 note, a fixed 29.20% total return. If either index finishes below its 80% barrier, principal is reduced 1% for each 1% decline of the lesser performing index from its initial level, down to a total loss.

The notes pay no interest, pass through no dividends from index constituents, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on an exchange, and secondary market prices are expected to be below the $1,000 issue price; the estimated value at pricing was $980.80 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Review Notes linked to the lesser performance of the Nasdaq-100 Index® and the Russell 2000® Index, maturing on January 3, 2031. The notes may be automatically called as early as December 29, 2026 if the closing level of each index is at or above 100% of its initial level, paying back $1,000 plus a call premium starting at least 10% and rising to at least 50% by the final Review Date.

If the notes are not called and the final level of each index is at or above 70% of its initial level, investors receive their $1,000 principal back. If either index finishes below 70% of its initial level, the payoff is $1,000 plus $1,000 times the return of the lesser performing index, so investors lose 1% of principal for each 1% decline in that index and can lose their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The estimated value, if priced today, is about $950 per $1,000 note and will not be less than $920 at pricing.