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

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to WTI crude oil futures. Each Note has a $10 principal amount and a minimum purchase of $1,000.

The Notes pay a quarterly contingent coupon at a rate expected to be at least 11.00% per annum if the oil futures contract is at or above a coupon barrier set at $41.96, which is 75.00% of the Initial Value of $55.94. Coupons can be “remembered” and paid later if missed when conditions are later met.

The Notes can be called early if the underlying futures price on an observation date is at or above the Initial Value, in which case holders receive principal plus due and unpaid coupons. If the Notes are not called and the final price is below the downside threshold, the maturity payment is reduced in proportion to the decline, down to a minimum of $0. The estimated value is about $9.751 per $10 Note, and at pricing will not be less than $9.65 per $10. The product involves significant market and credit risk and is not principal protected.

JPMorgan Chase Financial Company LLC is offering $2.17 million 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 2030 and fully guaranteed by JPMorgan Chase & Co. The notes provide unleveraged upside to index gains up to a Maximum Upside Return of 58.80%, and upside exposure to index declines through a 30.00% buffer, so modest losses in the weaker index can still generate positive returns at maturity.

If either index falls by more than 30.00%, investors lose 1% of principal for each additional 1% decline, up to a 70.00% loss of principal. The price to the public is $1,000 per note, including $41.25 in fees and commissions, while the issuer’s estimated value is $946.60 per $1,000, reflecting structuring, distribution and hedging costs. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and will not be listed on any exchange.

JPMorgan Chase Financial Company LLC is offering $806,000 of auto callable contingent interest notes linked to the worst performer among three ETFs: VanEck Semiconductor (SMH), State Street Financial Select Sector (XLF) and iShares U.S. Real Estate (IYR), fully guaranteed by JPMorgan Chase & Co. Each $1,000 note can pay a monthly contingent coupon of $10.6667, equal to a 12.80% per annum rate, but only if on a review date all three ETFs are at or above 60% of their initial prices.

The notes may be automatically called starting June 16, 2026 if each fund is at or above its initial level, in which case investors receive $1,000 plus the coupon and no further payments. If held to the December 21, 2028 maturity and any ETF finishes below its 60% trigger, principal is reduced one-for-one with the decline of the worst performer, and investors can lose most or all of their investment. The price to the public is $1,000 per note, with estimated value of $972.20, reflecting embedded fees, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,200,000 of Digital Barrier Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing January 22, 2027. These notes pay a fixed 9.50% return at maturity if, on the January 19, 2027 observation date, the final level of each index is at least 70% of its initial level. If any index finishes below its 70% barrier, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose more than 30% and up to all of their principal.

The notes are unsecured, unsubordinated obligations, offered in $1,000 minimums at a price of $1,000 per note, with underwriting fees of $7.25 and issuer proceeds of $992.75 per note. The estimated value at pricing was $983.50 per $1,000, reflecting selling costs and hedging economics. The notes pay no interest or dividends, will not be listed on an exchange, and their value and repayment depend on both index performance and the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering digital barrier notes due June 22, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co., in an aggregate principal amount of $1,101,000. The notes provide a fixed return of 12.45% at maturity, paying $1,124.50 per $1,000 note, if the final level of the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index is at or above 70% of its initial level. If any index finishes below this 70% barrier, repayment of principal is reduced one-for-one with the percentage decline of the least performing index, potentially resulting in a total loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not listed, so liquidity will depend on JPMS’ willingness to make a market. The estimated value at pricing is $970.90 per $1,000 note, below the $1,000 price to the public due to embedded costs and hedging-related factors.

JPMorgan Chase Financial Company LLC is offering digital barrier notes linked to the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a principal amount of $1,000 each, for a total of $915,000, and mature on December 21, 2027.

Investors receive a fixed 19.70% return at maturity (a payment of $1,197.00 per $1,000 note) if the Final Value of the lesser performing index is at least 80.00% of its Initial Value. If either index finishes below this 80.00% barrier, principal is reduced 1% for every 1% decline of the lesser performing index, and investors can lose all of their investment.

The notes pay no interest, do not provide dividends from index constituents, and will not be listed on any exchange, so liquidity may be limited and secondary market prices are expected to be below the $1,000 issue price. The estimated value at pricing was $981.30 per $1,000 note, reflecting embedded structuring and hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering market-linked notes tied to a global equity index basket, each with a $1,000 principal amount. The price to the public is $1,000 per security, with selling commissions of $25.75 and proceeds to the issuer of $974.25 per security. If priced today, the estimated value would be about $958.40 per security and will not be less than $920.00 when finalized.

The notes mature on July 5, 2028 and reference a basket of five indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). They offer 100% upside participation up to a maximum upside return of at least 34.70%, plus a 15% downside buffer and a contingent “absolute return” feature for moderate declines. If the basket falls more than 15%, principal losses become 1‑for‑1 beyond the buffer, with up to 85% loss of principal possible at maturity. The securities are unsecured obligations, not bank deposits and not FDIC insured.

JPMorgan Chase Financial Company LLC is issuing $1,165,000 of callable contingent interest notes due November 19, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of 1.08333% (equivalent to 13.00% per annum) for each Review Date on which the S&P 500® Index, Dow Jones Industrial Average® and VanEck® Semiconductor ETF are all at or above 70.00% of their Initial Values. If any underlying is below its Interest Barrier on a Review Date, no interest is paid for that period.

The notes are callable at the issuer’s option on any Interest Payment Date from March 19, 2026 (except the first, second and final dates) at $1,000 plus any due interest. If not called, investors receive at maturity $1,000 plus the final coupon only if each underlying finishes at or above its Trigger Value, set equal to 70.00% of its Initial Value. If any Final Value is below its Trigger Value, the payoff is reduced in line with the worst-performing underlying, and investors can lose more than 30% and up to all of their principal.

The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The price to public is $1,000 per note, including fees and commissions of $22.25 per $1,000, while the estimated value at pricing is $962.10 per note.

JPMorgan Chase Financial Company LLC is offering $870,000 of Auto Callable Buffered Return Enhanced Notes linked to Alphabet Inc.’s Class C stock. The notes are issued in $1,000 denominations, pay no interest or dividends, and may be automatically called on December 29, 2026 for $1,000 plus a 25.90% call premium per note if Alphabet’s share price is at or above the initial level.

If not called and Alphabet’s final price is above the $307.73 initial price, holders receive leveraged upside of 1.25× the stock gain with no cap. If the final price is at or up to 20% below the initial price, principal is returned; below that buffer, investors lose 1% of principal for each additional 1% decline and can lose their entire investment. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., carry limited liquidity, and had an estimated value of $976.90 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $10,000,000 of auto callable contingent interest notes linked to the least performing of the Nasdaq-100, Russell 2000 and EURO STOXX 50 indices, maturing on December 19, 2030. The notes pay a contingent coupon of $9.00 per $1,000 (a 10.80% annual rate, 0.90% monthly) for any Review Date on which each index stays at or above 70% of its initial level; if any index is below this barrier, no interest is paid for that period.

Starting June 16, 2026, the notes are automatically called if on a Review Date each index is at or above its initial level, returning $1,000 plus the applicable coupon, with no further payments. If held to maturity and all indices are at or above their 70% trigger values, investors receive principal plus the final coupon; if any index finishes below its trigger, repayment is reduced in line with the worst index’s loss, and investors can lose more than 30% and up to all of their principal. The price to public is $1,000 per note, including $4.50 in selling commissions, and the issuer’s estimated value is $968.40 per $1,000.

JPMorgan Chase Financial Company LLC is offering $350,000 of unsecured structured notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., that are linked to the least performing of the S&P 500 Equal Weight Index, the Russell 2000 Index and the State Street Energy Select Sector SPDR ETF and are due December 17, 2029.

The notes may be automatically called as early as December 16, 2026 if each underlying is at or above its call value, paying $1,000 plus a call premium that starts at 12.55% of principal and steps up to 50.20% on the final review date. If the notes are not called and any underlying finishes below 70% of its strike value, investors lose 1% of principal for each 1% decline in the least performing underlying and can lose their entire investment.

The notes pay no interest, do not provide any dividends from the underlyings and are intended for investors willing to take equity and sector risk, including small-cap and energy exposure. The price to the public is $1,000 per note, including $7.50 in selling commissions, and the estimated value at pricing is $971.50 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,000,000 of Auto Callable Contingent Interest Notes linked to Advanced Micro Devices, Inc. common stock, maturing December 21, 2028. The notes pay a 17.00% per annum contingent interest (about $14.1667 per $1,000 each month) only when AMD’s closing price on a Review Date is at or above the 60.00% Interest Barrier of the Initial Value of $209.17 (i.e., $125.502). Starting June 16, 2026, the notes are automatically called if AMD’s price on certain Review Dates is at or above the Initial Value, returning $1,000 plus that month’s interest. If the notes are not called and AMD’s final price is below the 50.00% Trigger Value of $104.585, investors lose 1% of principal for each 1% AMD is below the Initial Value, up to a total loss. The notes are unsecured, not principal-protected, and were priced at $1,000 with estimated value of $954.60 and proceeds to issuer of $971.50 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to the front‑month (or, in some cases, second‑month) WTI crude oil futures contract on NYMEX. Each Note has a $10 principal amount, a term of about one year and a minimum investment of $1,000.

The Notes pay a quarterly contingent coupon of at least 13.20% per annum (about $0.33 per $10 per quarter) only if the futures Contract Price is at or above a Coupon Barrier set at $41.96, which is 75% of the Initial Value of $55.94. Missed coupons may be paid later under a memory feature if the barrier is met on a future Observation Date. The Notes are automatically called if the Contract Price is at or above the Initial Value on any quarterly Observation Date.

If not called, and the Final Value on December 16, 2026 is at or above the same $41.96 Downside Threshold, investors receive full principal plus any due coupons. If the Final Value is below the threshold, repayment is reduced dollar‑for‑dollar with the futures decline, potentially to zero. The estimated value at pricing is expected to be between $9.75 and about $9.844 per $10, reflecting structuring and hedging costs. These unsecured Notes carry both market risk tied to WTI crude oil and the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity 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 provide unleveraged exposure to index gains up to a Maximum Upside Return of at least 19.30%, and to index declines up to a 10.00% buffer, where investors receive the absolute value of the loss at maturity.

If either index falls by more than 10.00%, investors lose 1% of principal for each additional 1% decline, up to a possible 90.00% principal loss. The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange. If priced on the example date, the estimated value would be about $986.20 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering review notes linked to the lesser performance of the State Street SPDR S&P Regional Banking ETF and the State Street Energy Select Sector SPDR ETF, with automatic call features and full principal at risk.

The notes may be automatically called as early as December 28, 2026 if each ETF closes at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least 11.50%, 23.00% or 34.50% of principal on successive review dates. If the notes are not called and the lesser-performing ETF finishes below 60.00% of its initial value, repayment at maturity is reduced dollar-for-dollar with the loss, and investors can lose all principal.

The notes pay no interest or dividends, are unsecured obligations guaranteed by JPMorgan Chase & Co., will not be listed on an exchange, and carry credit, market, liquidity and valuation risks. If priced today, the estimated value would be approximately $960.00 per $1,000 note, and the final estimated value will not be less than $940.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $512,000 of structured Review Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on December 21, 2028. The notes are sold in $1,000 denominations at $1,000 per note, with selling commissions of $29.50 and proceeds to the issuer of $970.50 per note, and an estimated value of $953.20 per $1,000 at pricing.

The notes may be automatically called on review dates in 2026, 2027 or 2028 if each index is at or above its initial level, paying back $1,000 plus a call premium of 7.60%, 15.20% or 22.80% respectively. If not called, at maturity investors receive $1,000 plus the absolute decline of the worst index when all index losses are within a 20% buffer, capped at a maximum payment of $1,200 per $1,000 note. If any index falls by more than 20% from its initial level, principal is reduced beyond the buffer and investors can lose up to 80% of their investment.

The notes pay no interest, do not provide dividends from index components, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, so liquidity will depend on the willingness of J.P. Morgan Securities LLC to make a secondary market at potentially substantial discounts to the issue price.

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 December 23, 2030. The notes pay a monthly Contingent Interest Payment only if, on each Review Date, the closing level of every index is at or above 70% of its Initial Value. The hypothetical Contingent Interest Rate is 9.25% per annum, and the actual rate will be at least this level.

The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning December 23, 2026, returning $1,000 per note plus any due contingent interest. If the notes are not redeemed and, on the final Review Date, any index has fallen more than 30% from its Initial Value, the principal repayment is reduced in line with the Least Performing Index’s loss, which can result in a substantial or total loss. The estimated value is approximately $967.10 per $1,000 note and will not be less than $940.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffer GEARS linked to an unequally weighted basket of five equity indices: EURO STOXX 50® (40%), Nikkei 225 (25%), FTSE® 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). The notes have a $10 issue price, a minimum investment of $1,000 and an expected term of about two years.

If the basket rises, holders receive principal plus 2x the basket gain, capped by a Maximum Gain between 22.25% and 24.25%. If the basket is flat or down but not below 90% of its initial level, investors receive only their $10 principal. If the basket falls more than the 10% buffer, repayment is reduced dollar-for-dollar with losses beyond that level, up to a 90% loss of principal.

The securities pay no interest, provide no dividends from the underlying indices and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. Selling commissions are $0.20 per $10, and the estimated value is expected to be below the $10 issue price, reflecting fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $399,000 of callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on December 19, 2030 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 6.25% per annum (0.52083% per month) only on Review Dates when the closing level of each index is at least 60% of its Initial Value. JPMorgan may redeem the notes early, in whole, on certain Interest Payment Dates starting December 21, 2026, returning $1,000 per note plus any due contingent interest.

If the notes are not redeemed and, on the final Review Date, any index is below its 60% Trigger Value, investors receive $1,000 plus $1,000 multiplied by the Least Performing Index return, which can result in significant principal loss, up to a total loss. The notes are unsecured obligations, with an estimated value of $934.30 per $1,000, below the $1,000 issue price due to selling commissions and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Broadcom Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date when Broadcom’s closing price is at least 70.00% of the Initial Value, and can be automatically called starting on March 30, 2026 if the stock is at or above the Initial Value on certain Review Dates.

If the notes are not called and the Final Value is below the Trigger Value, investors lose 1% of principal for each 1% decline from the Initial Value and can lose their entire investment. The notes are unsecured, not insured by the FDIC, have minimum denominations of $1,000, will not be listed on an exchange, and an illustrative estimated value is about $962.80 per $1,000 note, with a minimum final estimated value of $930.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering digital contingent buffered notes linked to the lesser performing of the Russell 2000 Index and the Nasdaq-100 Index. The notes are designed to pay a fixed return, the Contingent Digital Return, of at least 11.90%, giving a maximum payment of $1,119 per $1,000 note, if on the valuation date each index is at or above its strike level or down by no more than 20%.

If either index finishes more than 20% below its strike, investors lose 1% of principal for each 1% decline of the lesser performing index, with the potential for a full loss of principal. The notes pay no interest, do not provide dividends or voting rights, and will not be listed on an exchange, so liquidity may be limited. They are subject to the credit risk of both the issuer and guarantor. The preliminary estimated value is about $982.70 per $1,000 note and will not be less than $970.00, and minimum denominations are $10,000 with $1,000 increments.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Snowflake Inc. The notes pay a quarterly Contingent Interest Payment of at least $35.375 per $1,000 note if Snowflake’s share price on the relevant Review Date is at or above 55% of the Initial Stock Price, with missed coupons potentially paid later if a future Review Date meets this barrier.

The notes can be automatically called on any non‑final Review Date starting April 2, 2026 if Snowflake’s share price is at or above the Initial Stock Price, in which case investors receive $1,000 per note plus the applicable coupon and any unpaid coupons. If the notes are not called and Snowflake’s Final Stock Price is below the 55% Trigger Level, principal is reduced 1% for each 1% decline from the Initial Stock Price, so investors can lose more than 45% and up to all of their investment. The estimated value is indicated around $979 per $1,000 note in the example, and the notes carry JPMorgan credit risk, no dividend rights and limited liquidity.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Digital Buffered Notes linked to the American Depositary Shares of Petróleo Brasileiro S.A.—Petrobras. The notes run from an original issue date on or about December 23, 2025 to a maturity date of January 22, 2027, with a valuation date of January 19, 2027.

Investors receive a fixed contingent digital return of at least 16.00%, with a maximum payment of $1,160.00 per $1,000 note, if the final stock price is at or above the stock strike price or down by up to the 30.00% contingent buffer. The stock strike price is $11.77, the Petrobras ADS closing price on December 17, 2025.

If the final stock price is more than 30.00% below the strike, principal is exposed to losses on a 1-for-1 basis, and investors may lose all of their investment. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and have an estimated value of approximately $962.50 per $1,000 note at pricing, not less than $950.00.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Citigroup Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount, with a minimum investment of $1,000, and a term of about three years unless called earlier.

The Notes pay a contingent coupon of at least 9.00% per annum, in quarterly installments, only if Citigroup’s share price on an Observation Date is at or above the Coupon Barrier of $67.71, which is 60.75% of the Initial Value of $111.46 observed on December 17, 2025. After a six‑month non‑call period, the Notes are automatically called if the share price is at or above the Initial Value on an Observation Date, returning principal plus the coupon for that period.

If the Notes are not called and the Final Value is at or above the Downside Threshold of $67.71, investors receive their full principal plus the final coupon. If the Final Value is below that threshold, repayment is reduced to $10 × (1 + Underlying Return), creating losses proportionate to Citigroup’s price decline and potentially a total loss of principal.

The Notes price at $10 with selling commissions to UBS of up to $0.225 per Note and proceeds to the issuer of $9.775 per Note. The estimated value is approximately $9.614 per $10 Note and will not be less than $9.30, reflecting structuring and hedging costs. Payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the Notes are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC issued an amendment to the pricing terms of its Capped Buffered Return Enhanced Notes due October 5, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The change affects the notes linked to the Nasdaq-100 Index (NDX), setting the Maximum Return at 21.75% and the Maximum Payment at Maturity at $1,217.50 per $1,000 principal amount, based on an Initial Value of 24,679.99.

The amendment reiterates that these structured investments involve risks described in the related prospectus and supplements, have not been approved or disapproved by the SEC or any state securities commission, and are not bank deposits or FDIC insured. Investors are directed to read this amendment together with the original pricing supplement and the associated offering documents.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked individually to the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF. The notes are issued in $1,000 minimum denominations and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors may receive monthly contingent interest at a rate of at least 11.70% per annum only when the closing value of each underlying is at or above 70% of its Initial Value. If the notes are not redeemed early and any underlying finishes below 60% of its Initial Value at final valuation, principal is reduced in line with the worst performer and can be fully lost. The issuer may redeem the notes early on specified dates, the earliest being March 26, 2026. The indicative estimated value is about $969.20 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, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Russell 2000 Index, the State Street SPDR S&P Regional Banking ETF and the VanEck Gold Miners ETF, maturing in December 2030.

The notes can pay monthly contingent interest, at a rate expected to be at least 10.70% per annum, but only when the closing value of each underlying is at or above 70% of its initial value. Starting in December 2026, the notes are automatically called if, on certain review dates, each underlying is at or above its initial value, returning principal plus that period’s interest.

If the notes are never called and, at maturity, any underlying finishes below 55% of its initial value, repayment of principal is reduced one‑for‑one with the loss on the worst performer, which can result in losing some or all of the investment. The preliminary estimated value is about $904.60 per $1,000 note, reflecting selling costs and issuer hedging and funding assumptions, and the notes are unsecured, subject to JPMorgan credit risk and not FDIC‑insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering index-linked Review Notes tied separately to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, maturing on December 27, 2030. The notes may be automatically called as early as December 30, 2026 if the closing level of each Index is at or above 100% of its Initial Value, paying back principal plus a Call Premium of at least 13% of face value on the first Review Date and rising in steps to at least 65% on the final Review Date. If the notes are never called and, at maturity, the Final Value of each Index is at or above 70% of its Initial Value, investors receive full principal back. If the Final Value of any Index is below 70% of its Initial Value, repayment is reduced one-for-one with the loss on the Least Performing Index, and investors can lose all principal. The notes pay no interest or dividends, are unsecured obligations, and the estimated value is indicated at about $966.90 per $1,000, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked individually to the Nasdaq-100, Russell 2000 and S&P 500 indexes, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to December 29, 2028, in $1,000 minimum denominations, and may be redeemed early at the issuer’s option on specified interest payment dates starting March 26, 2026.

Investors can receive monthly contingent interest only when the closing level of each index is at least 80% of its initial value, with a contingent interest rate of at least 13.40% per annum. If the notes are not called and any index finishes below its 80% trigger value at maturity, repayment is reduced in line with the decline of the worst-performing index, and investors can lose some or all principal. The estimated value is indicated at approximately $977.80 per $1,000, and will not be less than $940.00 when finalized, reflecting embedded costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering $2,161,000 of structured Review Notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully guaranteed by JPMorgan Chase & Co. The notes can be automatically called on review dates in December 2026, 2027 or 2028 if each index is at or above 100% of its initial level, paying back $1,000 per note plus a call premium of 14.90%, 29.80% or 44.70%, depending on the call date.

If the notes are not called and every index finishes at or above 70% of its initial level on the final review date, investors receive full principal at maturity in December 2028. If any index is below its 70% barrier, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose more than 30% and up to their entire principal.

The notes pay no interest, provide no dividends from the underlying indices, are unsecured obligations subject to the credit risk of JPMorgan entities, and will not be listed on an exchange. The price to the public is $1,000 per note, including selling fees, while the issuer’s estimated value is $975 per note, reflecting embedded costs and hedging factors.

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 in 2028, in $1,000 minimum denominations. Investors receive a contingent monthly coupon only when the Index is at or above 70% of its Initial Value, and the notes are automatically called, from the sixth review date onward, if the Index is at or above its Initial Value.

If the notes are not called and the Final Value is below 80% of the Initial Value, principal is reduced 1% for each 1% decline beyond this buffer, with up to an 80% loss of principal possible. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drags on performance. The notes are unsecured, not FDIC-insured, may be illiquid, and their estimated value is indicated around $930.30 (not less than $900.00) per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Russell 2000 Index, the S&P 500 Index and the State Street SPDR S&P Regional Banking ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive a monthly contingent coupon only when the closing value of each underlying on a review date is at least 60% of its initial value (the Interest Barrier). The notes can be redeemed early, in whole, at the issuer’s option on specified interest payment dates starting in June 2026.

If the notes are not redeemed and, on the final review date, each underlying is at or above 50% of its initial value (the Trigger Value), investors receive full principal back plus any final contingent interest. If any underlying finishes below its Trigger Value, repayment is reduced by the decline of the least performing underlying, and investors can lose most or all of their principal. The issuer estimates the value at about $974 per $1,000 note on the trade date and states it will not be less than $900, reflecting embedded fees, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes due November 24, 2027, linked separately to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

Holders receive a monthly Contingent Interest Payment only if, on a Review Date, the closing level of each index is at least 70% of its Initial Value; otherwise, no interest is paid for that period. JPMorgan may redeem the notes early, in whole, on specified Interest Payment Dates starting June 25, 2026, paying $1,000 per note plus any due contingent interest.

If the notes are not redeemed early, principal repayment at maturity depends on the Least Performing Index. If each Final Value is at least 60% of its Initial Value, investors receive $1,000 plus any final contingent interest; if any Final Value is below 60%, repayment is reduced 1% for each 1% decline in the Least Performing Index, potentially down to zero. The indicative Contingent Interest Rate is at least 9.25% per annum, and the current estimated value is about $977.60 per $1,000 note, below the expected issue price, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing auto callable contingent interest notes linked to the Nasdaq-100 Index®, the Russell 2000® Index and the State Street® SPDR® S&P® Regional Banking ETF, with a total offering of $1,681,000 in $1,000 denominations.

The notes pay a contingent interest rate of 8.20% per annum (0.68333% monthly) only if, on a Review Date, the closing value of each underlying is at or above 70% of its Initial Value; missed coupons can be paid later if conditions are met. The notes are automatically called, starting June 16, 2026, if on certain Review Dates each underlying is at or above its Initial Value, returning $1,000 plus due interest.

If not called, and at maturity any underlying finishes below 60% of its Initial Value (its Trigger Value), repayment of principal is reduced one-for-one with the decline of the least performing underlying, and investors can lose all principal. The estimated value is $952.20 per $1,000 note, below the $1,000 issue price, and the notes are unsecured, unlisted and subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked separately to the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing in November 2027. The notes can pay monthly contingent interest only if, on each Review Date, the closing level of every index is at or above 70% of its initial level, and JPMorgan may redeem the notes early on specified dates after March 26, 2026.

If held to maturity and the least performing index finishes at or above its 70% Trigger Value, investors receive full principal plus the final contingent coupon; if it finishes below that level, repayment is reduced one-for-one with the index loss, potentially down to zero. A hypothetical contingent interest rate of 9.20% per year (0.76667% per month) is illustrated, and if the notes priced on the described date, the estimated value would be about $964 per $1,000 principal, not less than $900 when set, highlighting embedded structuring and distribution costs alongside extensive market, credit, liquidity, sector and tax risks.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the lesser performer of the S&P 500 Index and the VanEck Gold Miners ETF, fully guaranteed by JPMorgan Chase & Co. The notes mature on June 24, 2027 and are issued in $1,000 minimum denominations.

Investors may receive monthly contingent interest at a rate of at least 11.20% per annum, but only for Review Dates when both underlyings close at or above 70% of their initial values. The issuer can redeem the notes early, in whole, on specified interest payment dates starting March 24, 2026, paying $1,000 plus any due contingent interest.

If held to maturity and the notes are not redeemed early, full principal is repaid only if the final value of each underlying is at or above its 60% Trigger Value. If the lesser performing underlying finishes below its Trigger Value, repayment is reduced 1% for each 1% decline, potentially down to zero. The estimated value is approximately $953.50 per $1,000 note and will not be less than $900.00, reflecting embedded fees, hedging costs and issuer funding assumptions. The notes are unsecured, subject to JPMorgan credit risk, pay no dividends, and are expected to have limited liquidity and potentially volatile secondary market pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Review Notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index. The notes can be automatically called on any Review Date starting in late December 2026 if each index closes at or above its Initial Value, paying back $1,000 plus a call premium of at least 15.50%, 31.00% or 46.50% of $1,000 depending on the call date.

If not called, and on the final Review Date each index is at or above 70% of its Initial Value, investors receive their $1,000 principal at maturity. If any index is below this 70% barrier, repayment is reduced dollar-for-dollar with the loss of the worst-performing index, and investors can lose more than 30% and up to all of their principal.

The notes pay no interest, provide no dividends, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000. If priced on the date shown, the estimated value would be about $976.10 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 auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, scheduled to mature in December 2028.

The notes aim to pay monthly contingent interest at a rate of at least 14.00% per annum when the Index closes at or above 70% of its initial level, with any previously missed coupons paid once the barrier is met. Beginning with the sixth review date, the notes are automatically called if the Index is at or above its initial level, returning the $1,000 principal per note plus the applicable interest.

If the notes are not called and the final Index level is below the 70% trigger, repayment of principal is reduced in proportion to the Index decline, so investors can lose most or all of their investment. The Index uses leveraged E-mini S&P 500 futures with a 35% target implied volatility and applies a 6.0% per annum daily deduction that drags on performance. The notes are unsecured, not FDIC insured, may be hard to sell, and their estimated value per $1,000 note is initially below the price to public.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Constellation Energy Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a quarterly contingent coupon of at least $43.00 per $1,000 (at least 17.20% per annum) only when the stock closes on a review date at or above 70.00% of the $365.625 strike price, with missed coupons potentially paid later if the barrier is met.

The notes are automatically called, returning $1,000 plus due and unpaid contingent interest, if the stock closes at or above the strike on any review date from March 16, 2026 through September 16, 2027. If not called and the final stock price on December 16, 2027 is at or above the 70.00% trigger, investors receive principal plus the final contingent coupon and unpaid coupons; if it is below, repayment is reduced one-for-one with the stock loss from the strike, so losses can exceed 30.00% and reach the full principal.

The notes are unsecured, unsubordinated obligations in minimum denominations of $1,000, exposed to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may trade below the issue price. The estimated value is approximately $956.30 per $1,000 today and will not be less than $930.00 per $1,000 when set, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the Nasdaq-100® Technology Sector IndexSM and the VanEck® Semiconductor ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on December 28, 2028.

The notes pay a monthly Contingent Interest Payment of at least $11.125 per $1,000 principal amount note (at least 13.35% per annum) for any Review Date when the closing value of each underlying is at least 70.00% of its Initial Value. Beginning June 22, 2026, the notes will be automatically called if on a Review Date (other than the first through fifth and final Review Dates) each underlying closes at or above its Initial Value, returning $1,000 plus the applicable contingent interest.

If the notes are not called, investors receive $1,000 per note plus the final contingent coupon at maturity only if each underlying’s Final Value is at least 70.00% of its Initial Value; otherwise the payoff is reduced one-for-one with the decline of the Lesser Performing Underlying, leading to a loss of more than 30.00% and possibly all principal. The notes are unsecured, not FDIC-insured and will not be listed, and their estimated value would be approximately $969.20 per $1,000 note today and will not be less than $930.00 per $1,000 note when the terms are set.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering auto callable notes linked to the J.P. Morgan Multi-Asset Index and scheduled to mature on January 3, 2031. The notes can be automatically called as early as December 31, 2026 if the index closes at or above preset call values, repaying the $1,000 principal plus a fixed call premium that steps up from at least 6.25% to 25.00% on successive review dates.

If the notes are never called, holders receive full principal repayment at maturity plus any index gain, calculated as $1,000 times the index return at a 100% participation rate, with the additional amount floored at zero. The index is a rules-based, futures-driven allocation across equity, bond and commodity indices, subject to a 1.00% per annum daily deduction and a portfolio selection process that uses a 4% volatility threshold.

The notes pay no periodic interest, are unsecured and unsubordinated obligations subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., and are not insured by the FDIC. If priced on the date cited, the estimated value would be about $938 per $1,000 note and will not be less than $900 at pricing, and secondary market prices are expected to be below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering medium-term, principal-at-risk notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and are scheduled to mature on January 27, 2027, with the payment based on index performance between the trade date and a January 25, 2027 determination date.

At maturity, for each $1,000 note investors receive 1.60 times any S&P 500 gain, but only up to a cap, with the maximum settlement amount expected to be between $1,118.08 and $1,138.88. If the index has fallen by 10% or less, principal is returned; below a 10% decline, losses are amplified at roughly 1.1111% for each additional 1% drop, and investors can lose their entire investment. The notes are unsecured obligations of the issuer, subject to the credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co., are not FDIC insured, will not be listed on an exchange, and have an expected initial estimated value between $982.80 and $992.80 per $1,000 note due to structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Micron Technology, Inc., maturing on December 27, 2030. The notes pay a contingent interest rate of at least 18.00% per annum (at least 1.50% per month) for each review date on which Micron’s share price closes at or above 50.00% of the initial value, and can be automatically called as early as June 23, 2026 if the share price is at least 110.00% of the initial value.

If the notes are not called and Micron’s final share price is at or above the 50.00% trigger value, holders receive full principal repayment plus the final contingent interest payment. If the final price is below the trigger, repayment is reduced by 1% of principal for every 1% the final price is below the initial value, so holders can lose more than half, 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. and do not pay fixed interest or Micron dividends.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to Elevance Health common stock, maturing on January 4, 2029. The notes pay a quarterly contingent coupon at a rate of at least 10.25% per year, equal to at least $25.625 per $1,000 note each quarter, whenever Elevance Health’s closing price on a review date is at least 70% of its initial level.

If the stock closes at or above the initial level on any review date other than the first and final, starting as early as June 29, 2026, the notes are automatically called, paying $1,000 per note plus the applicable coupon and any previously unpaid coupons. If not called and the final stock value is at least 70% of the initial level, investors receive $1,000 plus the final and any unpaid coupons at maturity.

If the final stock value is below 70% of the initial level, principal is reduced in proportion to the stock’s decline, so holders can lose more than 30% and up to all of their investment. The notes are unsecured, not bank deposits and not FDIC insured, and are subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co. The estimated value is approximately $950 per $1,000 note today and will not be less than $930 per $1,000 note when terms are set.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Enhanced Participation Equity Notes due January 26, 2027, linked to the iShares MSCI Emerging Markets ETF. Each note has a $1,000 principal amount, is fully and unconditionally guaranteed by JPMorgan Chase & Co., and pays no interest.

At maturity, if the ETF has risen, investors receive 1.5x the positive return, but the payout is capped at a maximum settlement amount expected between $1,117.00 and $1,137.25 per $1,000. If the ETF has fallen up to 20%, investors lose 1% of principal for each 1% decline, up to a 5% loss. Below 80% of the initial level, losses increase at about 1.1875% of principal for each additional 1% drop, and investors could lose their entire investment.

The original issue price is 100% of principal, with underwriting commissions up to 1.09%. The estimated value at pricing is expected between $969.90 and $979.90 per $1,000, reflecting structuring, selling and hedging costs. The notes will not be listed, are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and carry complex U.S. tax and emerging markets risks.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of structured notes that pay a capped return based on the lesser performance of the Russell 2000® Index and the Dow Jones Industrial Average® through December 19, 2030. Each $1,000 note provides 100% participation in any positive return of the weaker index, up to a maximum gain of 48% (an extra $480), and repays principal at maturity if held to the end, subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co.

The notes pay no interest, do not pass through dividends, and are not listed on an exchange, so liquidity may be limited and secondary prices may be below the $1,000 issue price. Upfront selling commissions are $33.50 per $1,000 note, and the issuer’s estimated value at pricing was $952.80, reflecting embedded fees and hedging costs. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring investors to accrue original issue discount based on a comparable yield of 3.75%.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest Notes linked to the common stock of Dow Inc. The notes have a per-note price of $1,000, total offering of $1,000,000, with selling fees of $10,000 and proceeds to the issuer of $990,000. The estimated value at pricing is $972.80 per $1,000 note.

Investors may receive contingent interest of $56.20 per $1,000 on each Interest Payment Date if Dow’s share price on the related Review Date is at or above the Interest Barrier of $15.5805, equal to 65% of the Stock Strike Price of $23.97. The notes are auto-callable if Dow’s price on any non-final Review Date is at or above the Stock Strike Price, returning $1,000 plus the due interest.

If the notes are not called and Dow’s Final Stock Price on the Valuation Date is below the Trigger Level of $15.5805, principal is reduced 1% for each 1% decline from the Stock Strike Price, and investors can lose more than 35% and up to all of their principal.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Freeport‑McMoRan Inc. (FCX). Each note has a $1,000 principal amount and can pay a contingent interest payment of $36.40 per Review Date if the Freeport‑McMoRan share price is at or above the Interest Barrier.

The Stock Strike Price is $47.38, with an Interest Barrier and Trigger Level of $30.797, equal to 65% of the strike. If on any non‑final Review Date the stock closes at or above the Stock Strike Price, the notes are automatically called and pay back $1,000 plus the applicable contingent interest and any previously unpaid contingent interest.

If the notes are not called and the Final Stock Price is at or above the Trigger Level, investors receive $1,000 at maturity plus any due contingent interest. If a Trigger Event occurs because the Final Stock Price falls below the Trigger Level, the maturity payment is reduced 1% for every 1% decline from the Stock Strike Price, and investors can lose some or all principal. The total offering size is $500,000, priced at $1,000 per note, with an estimated value of $977.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering principal-at-risk Contingent Income Auto-Callable Securities linked to the State Street Energy Select Sector SPDR ETF (XLE), maturing December 22, 2028. The notes can pay a contingent quarterly coupon of at least 2.00% of the $1,000 principal per security when the ETF’s closing price stays at or above 75% of the initial share price during a monitoring period; if the barrier is breached on any day, no coupon is paid for that quarter. The notes auto-call at par plus any due coupon if, on specified determination dates (other than the first and final), the ETF closes at or above its initial share price. If not called, and the final ETF price is at or above 65% of the initial share price, principal is repaid (plus the final coupon if the barrier is met throughout the last period); if the final price is below 65%, repayment is reduced 1‑for‑1 with the ETF’s decline and can be zero. The securities are unsecured, not listed on any exchange, and their payments depend on the credit of JPMorgan entities.