Alerian MLP Index ETNs due January 28 2044 424B Filings

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.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser-performing of Novo Nordisk ADRs and Chevron common stock, maturing on January 3, 2028. The notes are issued in $1,000 minimum denominations.

Investors may receive a contingent interest payment of at least $9.1667 per month per $1,000 note (a rate of at least 11.00% per annum) for any Review Date on which the closing price of one share of each reference stock is at or above its Interest Barrier, set at 50.00% of its Initial Value. Missed coupons can be paid later if the barrier is met on a subsequent Review Date, but may be lost entirely if it is not.

The notes are automatically called, starting with the December 29, 2026 Review Date, if the closing price of one share of each stock is at or above its Initial Value, returning $1,000 plus due coupons. If not called and at maturity either stock finishes below its Trigger Value (also 50.00% of Initial Value), principal is reduced one-for-one with the decline of the lesser-performing stock, and investors can lose most or all of their investment. The estimated value is about $970 per $1,000 note and will not be less than $950 at pricing.

JPMorgan Chase Financial Company LLC is issuing $2,062,000 of buffered digital notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on June 21, 2027 and fully guaranteed by JPMorgan Chase & Co.

Investors receive a fixed 9.10% return at maturity per $1,000 note (a total of $1,091.00) if each index is at or above its initial level, or down by up to 30%. If any index falls by more than 30%, principal is reduced 1% for each additional 1% decline in the worst index, up to a 70% loss of principal.

The notes are unsecured, pay no interest or dividends, are not bank deposits or FDIC insured, and will not be listed on an exchange. The price to the public is $1,000 per note, including $7.50 in selling commissions, and the initial estimated value is $986.30 per $1,000 note, reflecting selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $560,000 of Auto Callable Yield Notes linked to the worst performer among Baker Hughes (BKR), SLB N.V. (SLB) and Halliburton (HAL), maturing on December 16, 2027. The notes pay interest at 9.25% per annum, or $23.125 per $1,000 note each quarter, as long as they have not been called.

The notes are automatically called if on any scheduled review date starting June 12, 2026 the closing price of one share of each reference stock is at or above its strike value, returning $1,000 plus the quarterly interest. At maturity, if not called and each stock is at or above its trigger level of 60% of its strike value, investors receive $1,000 plus the final interest payment.

If any stock finishes below its trigger, principal is reduced one-for-one with the loss on the weakest stock, so investors can lose more than 40% and up to all of their principal. The estimated value is $946.70 per $1,000 note, and the notes are unsecured, unlisted, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes linked to the common stock of Caterpillar Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a quarterly Contingent Interest Payment of at least $30.00 per $1,000 (at least 12.00% per annum) for each Review Date on which Caterpillar’s share price is at or above 65.00% of the Initial Value, defined as the Interest Barrier.

The notes may be redeemed early at the issuer’s option on any Interest Payment Date other than the first and final ones, starting June 25, 2026, at $1,000 plus any due Contingent Interest Payment. If held to the scheduled maturity on December 28, 2027 and not redeemed early, investors receive $1,000 plus the final Contingent Interest Payment if the Final Value is at or above the Trigger Value (also 65.00% of the Initial Value. If the Final Value is below the Trigger Value, the payoff is $1,000 + ($1,000 × Stock Return), so investors lose 1% of principal for each 1% decline and may lose their entire investment.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and are offered in minimum denominations of $1,000. If priced on the date illustrated, the estimated value would be approximately $960.00 per $1,000 principal amount, and when set on the actual pricing date it will not be less than $940.00 per $1,000, reflecting selling commissions, structuring fees and hedging costs. Investors do not receive dividends on Caterpillar stock and face credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering $795,000 of structured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a price to public of $1,000 per note, including $50 of fees and commissions, for issuer proceeds of $950 per note, and an estimated value at pricing of $886.60 per $1,000 note. They may be automatically called as early as December 16, 2026 if the Index is at or above the applicable Call Value, paying back principal plus a Call Premium Amount based on a 13.95% Call Premium Rate. If the notes are never called and the Final Value of the Index is below the 60% Barrier Amount on the final Review Date, repayment at maturity will be $1,000 plus $1,000 times the Index Return, so investors can lose more than 40% and up to all principal. The Index includes a 6.0% per annum daily deduction, which creates a persistent drag on performance, and the notes pay no interest and provide no dividends. They are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any securities exchange.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Accelerated Barrier Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq‑100 indices, maturing in December 2027. Each note has a $1,000 denomination and provides 3x leveraged upside on any gain of the worst index, up to a maximum return of at least 40%.

If all three indices finish at or above 70% of their initial levels, investors receive at least their full principal at maturity. If any index closes below 70% of its strike on the observation date, repayment is reduced one‑for‑one with the decline of the worst index, and principal can be fully lost. The notes pay no interest or dividends and are unsecured obligations subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk. The estimated value is approximately $980 per $1,000 note and will not be less than $950 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $5,000,000 of structured “Review Notes” linked to the least performing of three State Street sector ETFs: Consumer Staples (XLP), Energy (XLE) and Real Estate (XLRE). The notes mature on December 14, 2028 and can be automatically called as early as June 11, 2026 if each ETF closes at or above its Call Value (100% of its Strike Value), paying back $1,000 plus a Call Premium of up to 49.95% by the final Review Date.

The notes pay no interest or dividends and expose investors to loss of principal at maturity if they are not called and any ETF finishes below its Barrier Amount, set at 60% of its Strike Value ($47.28 for XLP, $27.576 for XLE and $24.48 for XLRE). In that case, repayment is reduced one-for-one with the decline of the least performing ETF and investors can lose all of their investment. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $8.50 in fees, while the estimated value at pricing is $973.10 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $867,000 of Callable Contingent Interest Notes due December 20, 2028, linked to the least performing of three State Street sector ETFs: Energy (XLE), Consumer Discretionary (XLY) and Regional Banking (KRE).

The notes pay a 12.50% per annum contingent interest rate (3.125% quarterly) only if, on a Review Date, each ETF is at or above 70% of its initial price. Missed coupons can be paid later if conditions are subsequently met. JPMorgan may redeem the notes early on specified interest payment dates, starting June 18, 2026, at $1,000 per note plus applicable contingent interest and any unpaid coupons.

At maturity, if none of the ETFs has fallen below 60% of its initial value, investors receive $1,000 per note plus contingent interest and any unpaid coupons. If any ETF ends below that 60% trigger, repayment is reduced one-for-one with the decline of the worst-performing ETF, and investors can lose more than 40% and up to all of their principal. The notes are unsecured, not FDIC insured and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $725,000 of Yield Notes linked to the iShares Bitcoin Trust ETF (IBIT) maturing on December 18, 2026. The notes pay a high fixed coupon of 15.35% per annum, or $38.375 per $1,000 each quarter, for total scheduled interest of $153.50 per $1,000 over the term.

Principal repayment is conditional. If the ETF’s final price on the Observation Date is at or above the Trigger Value of $35.84 (70% of the $51.20 Strike Value set on December 12, 2025), investors receive back their full $1,000 principal plus the final interest payment. If the final price is below the Trigger Value, the maturity payment is reduced dollar‑for‑dollar with the ETF loss, using the Fund Return formula, and investors can lose more than 30% and up to all of their principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial and are subject to the credit risk of both the issuer and guarantor. The price to the public is $1,000 per note, including $6 in selling commissions, while the estimated value at pricing was $978.90 per $1,000, reflecting embedded structuring and hedging costs. The product concentrates risk in bitcoin via IBIT, which has limited trading history and is exposed to high volatility, regulatory uncertainty, operational risks at crypto venues and potential liquidity constraints, as highlighted in the extensive risk disclosures.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Buffered Digital Notes linked to the worst performer among the S&P 500, Russell 2000 and Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on February 24, 2027, with a minimum denomination of $1,000.

If, on the observation date, each index is at or above its initial level, or down by no more than the 25.00% buffer, investors receive their principal plus a fixed contingent digital return of at least 8.35%. If any index is down more than 25.00%, repayment is reduced using a 1.33333 downside leverage factor, so losses accelerate and investors can lose some or all principal.

The notes pay no periodic interest, do not provide dividends on index stocks and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities LLC making a market. If priced today, the estimated value would be about $989.30 per $1,000, and it will not be less than $950.00 per $1,000 when finalized. Selling commissions are capped at $2.00 per $1,000, and all payments are subject to the credit risk of both the issuer and the guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the lesser performance of the iShares Russell 2000 Value ETF and the TOPIX Index, maturing January 4, 2029. The notes have $1,000 minimum denominations and may be automatically called on December 29, 2026 if each underlying is at or above its call value, paying back principal plus at least a $200 call premium per $1,000.

If not called and both final values exceed their initial values, investors receive an uncapped leveraged payoff equal to 4.05 times the return of the weaker underlying. If either underlying finishes between 80% and 100% of its initial value, principal is returned at maturity. If either closes below 80% of its initial value, repayment is reduced one-for-one with the loss in the weaker underlying, and investors can lose all principal. The notes pay no interest or dividends, are unsecured, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is $978.90 per $1,000, and will not be less than $940.00 when finalized.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class B common stock of NIKE, Inc. Each note has a $1,000 principal amount and can pay a contingent interest payment of $36.70 per period if NIKE’s share price on the relevant review date is at or above the Interest Barrier.

The Interest Barrier and Trigger Level are $43.8555, equal to 65% of the Stock Strike Price of $67.47 set on the strike date. If on any non-final review date NIKE closes at or above the Stock Strike Price, the notes are automatically called, and investors receive $1,000 plus the applicable interest and any unpaid interest.

If the notes are not called and the final stock price is at or above the Trigger Level, investors receive $1,000 plus the final contingent interest and any unpaid interest. If the final stock price is below the Trigger Level, principal is reduced 1% for every 1% decline in NIKE from the strike price, potentially down to $0. The total offering is $500,000, with a price to public of $1,000 per note, fees of $10 per note and proceeds to the issuer of $990 per note. The estimated value is $978.60 per $1,000 note.

JPMorgan Chase Financial Company LLC is issuing auto callable buffered return enhanced notes linked to the MSCI Emerging Markets Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $756,000, with each note priced at $1,000, selling commissions of $5 per note and proceeds to the issuer of $995 per note.

The notes may be automatically called on December 18, 2026 if the index is at or above a specified call level, paying back principal plus a fixed $102 call premium per $1,000 note. If not called and held to December 20, 2029, investors receive 1.20 times any positive index return, full principal back if the index decline is within a 25% buffer, and up to a 75% loss of principal if the index falls more than that.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, will not be listed on an exchange and carry emerging markets, currency, liquidity and valuation risks. The estimated value at pricing was $980.80 per $1,000 note, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes, fully guaranteed by JPMorgan Chase & Co., linked separately to the Nasdaq-100 Index, the Russell 2000 Index and the State Street SPDR S&P Regional Banking ETF, maturing in December 2028. The notes are issued in $1,000 minimum denominations and may be automatically called as early as June 23, 2026 if each underlying closes at or above its Initial Value on an applicable review date.

Holders can receive monthly contingent interest at a rate of at least 8.85% per year, but only when the closing value of each underlying is at or above 70% of its Initial Value, with missed coupons potentially paid later if conditions are met. Principal is at risk: if the notes are not called and the least performing underlying finishes below 60% of its Initial Value, repayment is reduced one-for-one with the loss, up to a total loss of principal. The estimated value is about $959.20 per $1,000 at launch and will not be less than $900. Payments depend on both market performance and the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of ServiceNow, Inc., maturing on January 4, 2029 and fully guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent income rather than stock ownership.

Holders may receive quarterly contingent interest of at least 10.25% per annum (2.5625% per quarter) if ServiceNow’s share price on a review date is at least 65.00% of the initial value. The notes are automatically called, paying back principal plus due interest, if on any review date other than the first and last the stock closes at or above the initial value, with the earliest call date on June 29, 2026.

If the notes are not called and the final stock price is below the 65.00% trigger, repayment is reduced in line with the stock’s loss, and investors can lose more than 35% and up to all of their principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and do not pay dividends or provide shareholder rights in ServiceNow.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,778,000 of callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing in December 2030.

The notes pay a monthly contingent interest at a rate of 7.25% per annum (0.60417% per month) only if on each review date all three indices are at or above 70% of their initial levels; otherwise, no interest is paid for that period. Starting in December 2026, the issuer can redeem the notes early on certain interest payment dates at $1,000 per note plus any due interest.

If the notes are not redeemed and, on the final review date, any index is below 65% of its initial level, investors lose 1% of principal for every 1% decline of the worst-performing index, up to a total loss. The price to the public is $1,000 per note, including $40.75 in selling commissions, while the estimated value at pricing was $936.30, 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 callable contingent interest notes linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF, maturing on December 21, 2028, in $1,000 denominations.

The notes may pay a quarterly contingent interest rate of at least 12.00% per annum (at least $30.00 per $1,000 each quarter) if on a Review Date the closing value of each underlying is at or above its Interest Barrier, set at 70.00% of strike. JPMorgan may redeem the notes early on any interest payment date (starting March 19, 2026) at $1,000 plus any due interest.

If the notes are not redeemed and on the final Review Date any underlying is below its Trigger Value (60.00% of strike), repayment of principal is reduced one-for-one with the decline of the least performing underlying, and investors can lose more than 40% and up to all principal. The notes are unsecured, not insured by the FDIC, may be illiquid, and their estimated value on the pricing date is expected to be below the $1,000 issue price (approximately $980.00 today and not less than $950.00 per $1,000 at pricing).

JPMorgan Chase Financial Company LLC is offering $3,000,000 of Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 2.18x leveraged upside at maturity if the index finishes above its initial level of 556.39, with no cap on gains.

If the final index level is at or above the 80% barrier (445.112), investors receive their principal back. If it falls below the barrier, repayment is reduced one-for-one with the index loss and investors can lose all principal. The notes pay no interest, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and will not be listed on an exchange. The price to the public is $1,000 per note, including $5 in selling commissions, with an estimated value of $978.10 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $500,000 of autocallable contingent coupon equity-linked notes due 2026 tied to NIKE, Inc. Class B stock. Each note has a $1,000 principal amount. Investors can receive a quarterly coupon of $34.125 per $1,000 (3.4125% per quarter, up to 13.65% per year) only if NIKE’s closing level on the observation date is at least 65% of the initial level of $67.74. The notes are automatically called if on any call observation date NIKE’s level is at or above the initial level, returning principal plus that quarter’s coupon.

Principal is protected only down to the 65% trigger buffer level. If at maturity NIKE is below this level and the notes have not been called, repayment is reduced 1% for every 1% decline from the initial level, and investors can lose their entire investment. The notes are unsecured obligations, will not be listed on an exchange and may have limited liquidity. The estimated value at pricing was $973.40 per $1,000, below the 100% issue price due to selling commissions, hedging costs and issuer profit, and the tax treatment—especially for Non-U.S. holders—is complex and uncertain.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $4,094,000 of Enhanced Trigger Jump Securities linked to the worst performer of the S&P 500® Index, EURO STOXX 50® Index and TOPIX® Index, maturing on December 19, 2030. The notes have a $1,000 stated principal amount, are issued at $1,000, pay no interest and are principal at risk. If on the valuation date each index is at or above 75% of its initial level, holders receive $1,000 plus the greater of 53.00% ($530.00) or $1,000 times the index percent change of the worst-performing index. If any index closes below 75% of its initial level, repayment equals $1,000 times the index performance factor of the worst performer, which can be far below $750 and as low as zero, so investors can lose their entire investment. The notes are unsecured, not insured by the FDIC, not listed on any exchange, and had an estimated value of $940.10 per $1,000 on the pricing date, reflecting selling commissions, a structuring fee and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of Auto Callable Contingent Interest Notes linked to Alcoa Corporation common stock, fully guaranteed by JPMorgan Chase & Co.

Each $1,000 note can pay a contingent interest of $52.90 on each Interest Payment Date if Alcoa’s share price on the related Review Date is at or above the Interest Barrier/Trigger Level of $29.991 (65% of the $46.14 Stock Strike Price). Missed coupons may be paid later if the barrier is met on a subsequent Review Date. The notes are automatically called if Alcoa’s stock is at or above $46.14 on any non-final Review Date, returning $1,000 plus the current and any unpaid contingent interest.

If the notes are not called and the Final Stock Price is at or above $29.991, investors receive $1,000 plus the final contingent interest and any unpaid amounts. If the Final Stock Price is below $29.991, principal is reduced 1% for each 1% the stock has fallen below the Stock Strike Price, and investors can lose more than 35% or even all of their principal. The price to public is $1,000 per note, with $10 in fees and commissions and issuer proceeds of $990, while the estimated value is $972.80 per $1,000 note. The notes are not bank deposits, not FDIC insured and carry credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $683,000 of Uncapped Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the S&P 500 Index, due December 20, 2028 and fully guaranteed by JPMorgan Chase & Co.

The notes provide 1.42 times any positive return of the worst-performing index at maturity, with a 15% downside buffer: if all three indices are flat or down by up to 15%, investors receive their $1,000 principal back per note. If any index falls by more than 15%, principal is reduced 1-for-1 beyond that level, up to an 85% loss. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan entities, and will not be listed, so secondary liquidity may be limited.

The price to public is $1,000 per note, including $7.50 in selling commissions, for issuer proceeds of $992.50 per note, and the estimated value at pricing was $976.50 per $1,000 note, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $3,500,000 of Trigger Autocallable Contingent Yield Notes linked to the lesser performer of the Russell 2000 Index and the State Street Energy Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon at a rate of 9.15% per annum (about $0.2288 per $10 note quarterly) only if, on a quarterly observation date, both underlyings close at or above their coupon barriers, set at 70% of their initial values (1,786.020 for the index and $31.86 for the ETF as of December 12, 2025).

The notes can be called automatically starting June 12, 2026 if, on an observation date, both underlyings are at or above their initial values; in that case, investors receive principal plus the applicable contingent coupon and the product terminates early. If the notes are not called and, at maturity on December 15, 2028, both underlyings are at or above their downside thresholds (the same levels as the coupon barriers), investors receive full principal plus the final contingent coupon. If at maturity either underlying finishes below its downside threshold, repayment is reduced in proportion to the loss of the lesser performing underlying, and investors can lose a significant portion or all of their principal. Payments also depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $457,000 of Capped Dual Directional Buffered Equity Notes linked to the lesser performer of the Russell 2000 Index and the S&P 500 Index, maturing on January 14, 2027. The notes offer up to a 17.20% maximum upside return and a 10.00% downside buffer, with payments at maturity based on the weaker index’s performance. If either index falls more than 10% from its initial level, investors lose 1% of principal for each additional 1% decline, up to a 90% loss. The notes pay no interest or dividends, are unsecured, and carry the credit risk of both the issuer and guarantor. The estimated value at pricing was $972.10 per $1,000 note, below the $1,000 issue price due to selling commissions, hedging costs and issuer profits.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the State Street SPDR S&P Metals & Mining ETF. The notes target 1.10x any positive ETF performance, up to a maximum return of at least 50.50%, corresponding to a maximum payment of at least $1,505 per $1,000 note at maturity. The notes provide a 15% downside buffer; beyond that, principal losses are magnified by a downside leverage factor of 1.17647, so a large ETF decline can result in substantial or total loss of principal.

The Strike Value was set at $100.91 on December 16, 2025, with performance measured on an observation date in December 2027 and maturity on December 21, 2027. The notes pay no interest, do not pass through ETF dividends, and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. If priced today, the estimated value would be about $983.80 per $1,000, and will not be less than $960.00 at pricing, reflecting structuring and hedging costs. The notes will not be listed, so liquidity will likely depend on J.P. Morgan Securities LLC making a market.

JPMorgan Chase Financial Company LLC is offering $4,000,000 of Buffered Digital Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on December 20, 2027 and pay a fixed 17.25% return at maturity if the final S&P 500 level is at or above the initial level, or down by no more than 10%. If the index falls by more than 10%, investors lose 1% of principal for each 1% further decline, up to a 90% loss of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. They are issued in $1,000 minimum denominations at a price to public of $1,000 per note, including $2.50 in selling commissions, with issuer proceeds of $997.50 per note. The estimated value is $990.50 per $1,000 at pricing, and the notes are not listed, not bank deposits and not FDIC insured.

JPMorgan Chase Financial Company LLC is offering contingent income callable securities due December 23, 2027, linked to the worst-performing of the EURO STOXX 50®, S&P 500® and Russell 2000® indices. The notes can pay a quarterly contingent coupon of at least 2.75% of the $1,000 principal (at least $27.50 per security) for each quarter in which the closing level of each index on every day stays at or above 75% of its initial value. If any index falls below this downside threshold on any day in a quarter, no coupon is paid for that period.

The issuer may, at its discretion, redeem the notes in whole on any quarterly payment date (except the final one) for $1,000 per security plus any due coupon. If the notes are not redeemed and, at maturity, every index is at or above its threshold, investors receive $1,000 per security, plus the final coupon if the daily condition is met. If any index finishes below its threshold, repayment is reduced in proportion to the worst-performing index and can be as low as zero, meaning full loss of principal. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on an exchange, and have an estimated value of about $960.70 per $1,000 security, no less than $940.00 on the pricing date.

JPMorgan Chase Financial Company LLC is issuing $730,000 of capped digital notes linked to the Russell 2000, S&P 500 and Nasdaq‑100, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on June 21, 2027 and are issued in $1,000 denominations.

If the final level of each index on the observation date is at or above its initial level, holders receive $1,091.50 per $1,000 note, reflecting a fixed contingent digital return of 9.15%. If any index finishes below its initial level, investors receive only the $1,000 principal per note at maturity, with no additional return, and there are no periodic interest or dividend payments.

The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed on an exchange, and may trade below the $1,000 issue price. The estimated value was $984.30 per $1,000 note at pricing, and they are intended to be treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of original issue discount based on a 4.24% comparable yield and a projected $1,065.35 payment at maturity for tax calculations.

JPMorgan Chase Financial Company LLC is issuing $815,000 of unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note pays a contingent interest rate of 10.55% per annum (2.6375% per quarter) only if, on a Review Date, the Index is at or above 60% of its Initial Value (the Interest Barrier).

The notes can be automatically called starting on December 15, 2026 if, on an applicable Review Date (other than the first three and final), the Index is at or above its Initial Value, in which case investors receive $1,000 plus the contingent interest for that period and no further payments. If not called, principal is protected only down to the Trigger Value, set at 50% of the Initial Value: at maturity, if the Index is at or above the Trigger Value, holders receive $1,000 plus any final contingent interest; if it is below, repayment is reduced 1% for each 1% Index decline, potentially down to zero.

The underlying Index dynamically adjusts exposure (0%–500%) to the Invesco QQQ Trust based on a 35% target volatility and is reduced daily by a 6.0% per annum index deduction plus a notional financing cost, which together drag performance versus a similar index without these charges. The notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $50 in fees and commissions, while the estimated value at pricing is $895.90 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an aggregate principal amount of $1,046,000. The notes pay a contingent coupon at a rate of 10.55% per annum (2.6375% per quarter) only if, on a Review Date, the Index closes at or above 60% of its Initial Value; otherwise no interest is paid for that period.

The notes can be automatically called on certain Review Dates starting December 15, 2026 if the Index is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable interest and no further payments. If the notes are not called and the Index falls below 50% of its Initial Value at final valuation, repayment of principal is reduced one-for-one with the Index loss, potentially to zero. The Index itself includes a 6.0% per annum daily deduction and uses leveraged exposure to E-mini S&P 500 futures, which can drag on performance and increase volatility. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, and the estimated value at pricing was $887.60 per $1,000 note, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $1,223,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note can be automatically called on quarterly Review Dates starting June 15, 2026 if the Index closes at or above the Call Value, paying back $1,000 plus a Call Premium that steps from 9.00% on the first Review Date up to 54.00% on the final Review Date.

If the notes are not called and the Index on the final Review Date is at or above the 60% Barrier Amount, investors receive only their $1,000 principal. If the Final Value is below the Barrier, the payout is $1,000 plus $1,000 times the Index Return, so principal losses exceed 40% and can reach 100%. The notes pay no interest and provide no QQQ dividends, and the Index is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The price to public is $1,000 per note, including $50 in fees, while the estimated value is $906.40, and the notes are not listed or FDIC-insured.

JPMorgan Chase Financial Company LLC is issuing $529,000 of unsecured, callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on December 19, 2030 and may be automatically called as early as December 21, 2026 if the Index closes at or above the applicable Call Value.

On any Review Date before maturity, if the Index is at least 100% of its Initial Value (60% on the final Review Date), investors receive $1,000 per note plus a Call Premium Amount stepping from 16.5% on the first Review Date up to 82.5% on the final one. If the notes are never called and the Final Value is below the 60% Barrier Amount, repayment is $1,000 plus $1,000 times the Index Return, so investors lose 1% of principal for each 1% Index decline and can lose their entire investment.

The Index applies a 6.0% per annum daily deduction, which drags on performance and can cause the Index to lag similar strategies without such a fee. The notes do not pay interest or dividends, are not bank deposits, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $885.50 per $1,000 principal amount, below the issue price due to selling commissions, projected hedging profits and hedging costs. Liquidity may be limited because the notes will not be listed on an exchange.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable dual directional buffered notes linked to the S&P 500® Index. The notes have a $1,000 minimum denomination (with a $10,000 minimum investment), a review date on January 4, 2027, and final maturity on December 23, 2027. If the Index is at or above its initial level on the review date, the notes are automatically called and pay back $1,000 plus a call premium of at least 10.05%.

If not called, investors get uncapped upside if the Index ends above its initial level, or a positive “dual directional” return for Index declines up to the 20.00% buffer, capped at $1,200 per $1,000 when the Index return is negative. If the Index falls by more than 20.00%, principal is reduced one‑for‑one with the loss in the Index, potentially to zero. The estimated value is indicated at about $977.50 per $1,000 note and will not be less than $960.00 when finalized, reflecting selling costs and issuer hedging.

JPMorgan Chase Financial Company LLC is offering $750,000 aggregate principal amount of auto callable contingent interest notes linked to the VanEck Vectors® Oil Services ETF (OIH). The notes pay a contingent coupon of $25.00 per $1,000 on each scheduled interest date only if the ETF is at or above the Interest Barrier of $168.08121, equal to 56.10% of the Share Strike Price of $299.61. Missed coupons can be made up later if the barrier is met, but investors may receive no interest at all.

The notes are automatically called early if on any non‑final review date the ETF closes at or above the Share Strike Price, returning $1,000 plus the applicable coupon and any unpaid coupons. If the notes are not called and the Final Share Price is below the Trigger Level (also 56.10% of the strike), investors lose 1% of principal for every 1% decline in the ETF, potentially losing their entire investment. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The public price is $1,000 per note, including $10 in selling commissions, with estimated value of $973.60.

JPMorgan Chase Financial Company LLC is offering $420,000 of auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on December 19, 2030. The notes can be automatically called as early as December 21, 2026 if the Index is at or above 100% of its initial level, paying $1,000 plus a call premium that starts at 19.20% of principal and steps up to 96.00% on the final review date.

If the notes are not called and the final Index level is at or above 50% of the initial level, investors receive only their principal back; if it is below that 50% barrier, repayment is reduced one-for-one with the Index decline, leading to a loss of more than half, and up to all, of principal. The Index itself bears a 6.0% per annum daily deduction that drags performance and may cause it to lag similar, undeducted strategies. The notes pay no interest, provide no dividends, are unsecured obligations subject to JPMorgan credit risk, have an estimated value of $883.80 per $1,000 at pricing, and are expected to trade in a limited, issuer-driven secondary market.