Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked individually to the shares of NIO Inc. ADSs, Palantir Technologies Inc. Class A stock and Oscar Health, Inc. Class A stock, maturing on June 29, 2027. The notes pay a monthly contingent coupon at a rate of at least 29.70% per annum (at least $24.75 per $1,000 note) only when each stock closes at or above 50.00% of its Initial Value on the related review date; missed coupons can be paid later if the barrier is met.

JPMorgan may redeem the notes early on certain interest payment dates starting June 29, 2026. If held to maturity and each stock’s final price is at or above its trigger (also 50.00% of Initial Value), investors receive $1,000 plus due contingent interest and any unpaid coupons; if any stock finishes below its trigger, repayment is reduced one-for-one with the worst-performing stock and investors can lose more than half, up to all, of principal. The preliminary estimated value is about $867.10 per $1,000 note and will not be less than $850.00, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC plans to issue structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as December 28, 2026 if the Index is at or above the Call Value, paying $1,000 plus a call premium that starts at at least 18.80% and can rise to at least 94.00% by the final review date.

The notes offer a 15.00% downside buffer. If held to maturity on December 27, 2030 and not called, investors receive full principal back only if the Index has fallen by no more than the buffer. If it has dropped more than 15%, repayment is reduced dollar-for-dollar, with a potential loss of up to 85.00% of principal.

The Index, based on leveraged and volatility-targeted exposure to the Invesco QQQ Trust, is reduced by a 6.0% per annum daily deduction plus a notional financing cost, which drags performance versus a similar index without these charges. The preliminary estimated value is about $910.30 per $1,000 note and will not be less than $900.00, and the notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Strategy Inc (MSTR), maturing on December 27, 2030.

The notes pay a monthly contingent interest of at least 2.54167% (at least 30.50% per year) for each Review Date on which Strategy’s share price is at or above 50% of the Initial Value. Starting with the sixth Review Date, the notes are automatically called if the share price is at or above 110% of the Initial Value, returning $1,000 per note plus that period’s interest, with no further payments.

If the notes are not called and the final Strategy share price is at or above the 50% Trigger Value, investors receive $1,000 plus the last interest payment. If it is below 50%, repayment is reduced one-for-one with the stock decline, and investors can lose more than 50% and up to all principal. The notes are unsecured, not FDIC insured, may have limited or no liquidity, and are expected to have an estimated value of about $950 per $1,000 note at pricing, not less than $930, which is below the issue price.

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 on each Review Date only if Broadcom’s share price is at or above 50% of the Initial Value, and can be automatically called starting on October 7, 2026 if the share price is at or above the Initial Value. A hypothetical Contingent Interest Rate of 12.80% per annum (about 1.06667% per month) illustrates potential income, but investors face the risk of losing some or all principal if, at maturity, Broadcom’s price is below the 50% Trigger Value. The price to public is $1,000 per note in minimum denominations of $1,000, while the estimated value is currently about $973.40 per $1,000 note and will not be less than $940.00 when set, reflecting structuring and hedging costs, credit risk of JPMorgan entities, limited liquidity and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about January 16, 2026 and mature on January 22, 2032.

The notes may pay a monthly contingent coupon if, on an Interest Review Date, the Index closes at or above 70% of its Initial Value (the Interest Barrier). On quarterly Autocall Review Dates, if the Index closes at or above the Initial Value, the notes are automatically called and pay back principal plus the applicable contingent interest, ending any further payments.

If the notes are not called and the Final Value is below the 50% Trigger Value, investors lose 1% of principal for each 1% Index decline, up to a total loss. The Index embeds a 6.0% per annum daily deduction, which acts as a drag on performance and can cause the Index to lag similar strategies without this fee. The estimated value is initially expected to be about $930.20 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Strategy Inc (ticker MSTR), due December 27, 2030. These unsecured notes pay a monthly contingent interest payment of at least $22.50 per $1,000 note (a rate of at least 27.00% per year) only when the stock closes on a review date at or above an interest barrier set at 50.00% of the initial stock price.

The notes are auto callable on specified review dates starting June 23, 2026 if the stock closes at or above a call value of 110.00% of the initial value, in which case holders receive $1,000 plus the applicable interest for that period and the product terminates. At maturity, if never called, investors receive full principal plus the final contingent interest when the final stock price is at or above the trigger (also 50.00% of the initial value). If the final price is below the trigger, repayment is reduced one-for-one with the stock loss, and principal losses can exceed 50.00% up to total loss.

The estimated value at pricing is expected to be below the $1,000 issue price, reflecting selling commissions, hedging costs and issuer funding rates. The notes do not pay dividends on the stock, are not bank deposits, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as market and liquidity risk in Strategy Inc shares.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Tesla, Inc. These unsecured notes run to December 28, 2028 and pay a monthly contingent coupon of at least 20.15% per annum in total if, on a given review date, Tesla’s share price is at or above 60.00% of the initial value.

Starting with the June 22, 2026 review date, the notes are automatically called if Tesla’s share price is at or above the initial value, returning the $1,000 principal per note plus the applicable coupon, with no further payments. If the notes are not called and Tesla’s final share price is below 60.00% of the initial value, repayment at maturity is reduced one-for-one with Tesla’s decline, so investors can lose more than 40% and up to all of their principal. The notes carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and an indicative estimated value is about $958.80 per $1,000 note, not less than $920.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the common stock of Applied Materials, Inc. The notes have a minimum denomination of $1,000 and are expected to price on or about December 23, 2025 and settle on or about December 29, 2025.

The notes may be automatically called on January 5, 2027 if the Applied Materials share price is at or above the Call Value, paying back principal plus a Call Premium Amount of at least $250 per $1,000. If not called, investors receive at maturity an uncapped leveraged upside of 1.50 times the stock’s gain, full principal back if the final price is at or above a 60% barrier, and one-for-one losses below that barrier, which can lead to a loss of most or all principal. The indicative estimated value is approximately $960 per $1,000, and will not be less than $940 per $1,000 when set, reflecting embedded fees, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Reddit, Inc., maturing on December 27, 2030. The notes pay a monthly Contingent Interest Payment of at least $15.4167 per $1,000 note (a rate of at least 18.50% per annum) for each Review Date when Reddit’s share price is at or above 65.00% of its Initial Value, with unpaid coupons accruing and potentially paid later if the barrier is met.

The notes are automatically called, starting June 23, 2026, if Reddit’s share price on a Review Date (other than the first five and final) is at or above 110.00% of the Initial Value, returning $1,000 plus applicable interest and any unpaid coupons. If held to maturity and not called, principal is protected only if the Final Value is at or above 50.00% of the Initial Value; otherwise, investors lose 1% of principal for each 1% decline in Reddit’s stock, and may lose all principal. The notes are unsecured, not FDIC insured, may pay no interest, are not listed, and have an estimated value of approximately $920.00 per $1,000, not less than $900.00, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about December 29, 2025 and mature on January 4, 2030, with minimum denominations of $1,000.

Investors may receive monthly Contingent Interest Payments only if on a Review Date the closing level of each index is at or above 70% of its Initial Value, and they face the risk of no interest at all. If the notes are not redeemed early and, on the final Review Date, any index is below its Trigger Value (70% of Initial Value), repayment of principal is reduced in line with the decline of the least performing index, potentially resulting in a full loss of principal. The issuer may redeem the notes early on specified Interest Payment Dates beginning April 2, 2026. A hypothetical Contingent Interest Rate of 9.75% per annum is illustrated, and the estimated value is indicated at approximately $967.10 per $1,000, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is offering unsecured, auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have minimum denominations of $1,000 and are expected to mature on December 28, 2028, with the earliest automatic call date on June 22, 2026.

Investors may receive monthly contingent interest at a rate of at least 16.85% per annum, but only for Review Dates when the Index closes at or above 80% of the Initial Value; missed interest can be paid later if the barrier is met. If the notes are not called and the final Index level is below 80% of the Initial Value, repayment of principal is reduced one-for-one with the Index loss, down to zero. The MerQube Index is a leveraged futures-based strategy targeting 35% volatility and is reduced by a 6.0% per annum daily deduction, which can significantly drag performance. The indicative estimated value is about $947.30 per $1,000 note and will not be less than $900.00, and investors bear both market risk on the Index and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked separately to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on June 28, 2027. The notes pay a monthly Contingent Interest Payment of at least $6.00 per $1,000 (at least 7.20% per annum) only if on a Review Date each index closes at or above 70.00% of its Initial Value; otherwise no interest is paid for that period. Starting June 23, 2026, the notes are automatically called if on a Review Date (other than specified early and final dates) each index is at or above its Initial Value, returning $1,000 plus that period’s interest. If not called, and at maturity any index is below 55.00% of its Initial Value, principal is reduced one-for-one with the Least Performing Index return and investors may lose more than 45.00% or all of their principal. The notes are unsecured, not FDIC-insured, and have an indicative estimated value of about $979.80 per $1,000 principal amount, not less than $900.00 when set.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable yield notes linked to the common stock of Enphase Energy, Inc. The notes are designed to pay at least 13.75% per annum, with quarterly interest of at least 3.4375%, as long as they are outstanding.

The notes can be automatically called as early as June 29, 2026 if the Enphase share price on a review date is at or above its initial level, in which case investors receive principal plus the applicable interest and no further payments. If the notes run to maturity in January 2029 and the Enphase share price is at or above a 50% trigger level, investors receive full principal plus final interest.

If at maturity the Enphase share price is below the 50% trigger, investors are exposed to the full downside and will lose 1% of principal for every 1% decline from the initial price, which can result in losing most or all of the invested amount. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and may have limited secondary market liquidity and an estimated value below the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the Class A common stock of Airbnb, Inc. The notes run to December 28, 2027 and pay a quarterly contingent coupon of at least 12.15% per annum (at least $30.375 per $1,000 per quarter) only if Airbnb’s share price on each Review Date is at or above 60% of the initial stock price, which is both the interest barrier and principal protection trigger.

JPMorgan may redeem the notes early on any interest payment date starting June 25, 2026, paying $1,000 plus any due contingent interest, after which no further payments are made. If the notes are not redeemed and Airbnb’s final stock price on the last Review Date is below the 60% trigger, investors lose 1% of principal for each 1% decline from the initial price and could lose their entire investment; upside is limited to the stream of contingent coupons. The notes are unsecured, not FDIC insured, and an initial estimated value of about $970 per $1,000 reflects embedded fees, hedging costs and dealer profits.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes due December 27, 2030 linked to an unequally weighted basket of four equity underlyings. The basket allocates 40% to the S&P 500® Index, 30% to the Russell 2000® Index, 20% to the iShares® MSCI EAFE ETF and 10% to the iShares® MSCI Emerging Markets ETF.

At maturity, if the basket has risen, investors receive their $1,000 principal plus at least 1.05 times the basket’s gain. If the basket is flat or down but not below 65% of its initial value, investors receive only principal back. If the basket finishes below this 65% barrier, repayment is reduced one-for-one with the basket loss, and all principal can be lost.

The notes pay no interest, do not provide dividends from the underlyings, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and will not be listed on an exchange. The indicative estimated value is about $980.60 per $1,000, and will not be less than $950.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest and Contingent Leveraged Notes linked to the EURO STOXX® Banks Index, scheduled to mature on December 21, 2029. The notes target a Base Rate of at least 18.25% per annum, paid monthly as contingent interest for each review date where a Trigger Event 3 has not occurred.

Contingent interest can be reduced to two-thirds or one-third of the original amount if the index closes between 95.00% and 85.00% of its initial level during the monitoring period, and will stop entirely if it falls below 85.00%. If the notes are not automatically called and trigger thresholds are breached, investors may lose some or all of their principal at maturity based on the index return. The notes may be automatically called at the end of the first year of the term if no Trigger Event has occurred, limiting upside to interest received. Each $1,000 note is sold at par but has an estimated value of about $965.50 today, and not less than $940.00 when priced, reflecting structuring and hedging costs and the credit risk of both the issuer and the guarantor.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high, stock-linked coupons rather than direct equity upside.

The notes may pay a Contingent Interest Payment of at least 1.50% per month (at least 18.00% per annum) per $1,000 note for any Review Date when Palantir’s closing price is at least 60% of the Initial Value, with unpaid coupons catching up on later qualifying dates. They are automatically called, with return of principal plus applicable interest, if on certain Review Dates Palantir closes at or above the Initial Value. If held to maturity in June 2027 and Palantir’s final price is below 50% of the Initial Value, investors lose 1% of principal for each 1% decline, and could lose their entire investment. The estimated value is about $958.80 per $1,000 today and will not be less than $900.00 per $1,000 when finalized, and the notes are unsecured, unlisted obligations subject to JPMorgan credit and liquidity risk.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked separately to the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide at least 1.445 times any gain of the lesser performing index if both finish above their initial levels on the December 23, 2030 observation date. If either index ends between 65% and 100% of its initial level, investors receive only their $1,000 principal back. If either index closes below 65% of its initial level, repayment is reduced one-for-one with the loss on the weaker index, up to a total loss of principal.

The notes pay no interest, do not provide index dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. If the notes were priced on the date indicated, the estimated value would be approximately $970 per $1,000 note, and at pricing will not be less than $950, reflecting selling commissions, hedging costs and issuer profits included in the $1,000 price to the public.

JPMorgan Chase Financial Company LLC is offering $42,500,000 of floating rate notes due December 17, 2065, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay quarterly interest on March, June, September and December 17 of each year at a rate equal to Compounded SOFR for the applicable observation period plus a 0.15% spread, with a minimum interest rate of 0.00% per annum. If the current benchmark is discontinued, a benchmark replacement can be selected under preset procedures, which may change future interest amounts.

Investors may request early repurchase each December 17 from 2028 through 2064, but receive only $970–$990 per $1,000 note through December 17, 2043 and $1,000 from December 17, 2044 to 2064, so early repurchase before 2044 can return less than principal. The public offering price is $1,000 per note; after $10 per note in selling commissions, expected net proceeds to the issuer are $42,075,000. The notes involve SOFR, benchmark transition, liquidity, interest rate and procedural risks highlighted in the risk discussions.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Callable Range Accrual Notes linked to the 10-Year CMT Rate. Each note has a $1,000 denomination, with total offering size of $35,000, and pays back principal at maturity plus any accrued interest.

The notes pay a fixed 7.00% per annum from the original issue date on or about December 18, 2025 until December 18, 2030, with monthly interest payments on the 18th. After that, interest becomes variable between 0.00% and 7.00% per annum, depending on how many days in each period the 10-Year CMT Rate is at or below 5.00%. JPMorgan may redeem the notes in whole at 100% of principal plus accrued interest on the 18th of each month from December 18, 2030 through the December 18, 2045 maturity date. The price to the public is $1,000 per note, while the estimated value is $921.10 per $1,000 principal amount.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Callable Range Accrual Notes linked to the 10-Year CMT Rate and maturing on December 18, 2045. Each note is issued at $1,000, with total offering proceeds of $1,126,000, selling commissions of $46.03 per note and net proceeds of $953.97 per note. The estimated value at pricing is $935.80 per $1,000 note.

The notes pay a fixed 8.00% per annum during the initial interest periods through December 18, 2028. After that, monthly interest ranges between 0.00% and 8.00% per annum, depending on how many days in each period the 10-Year CMT Rate is at or below 5.00%. JPMorgan may redeem the notes monthly at par plus accrued interest starting December 18, 2028. Investors receive principal at maturity plus any accrued interest but face risks including variable interest, call risk, secondary market price uncertainty and tax considerations for non‑U.S. holders.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on December 28, 2028. The notes pay a monthly Contingent Interest Payment only if the Index is at or above 60% of its Initial Value on the relevant Review Date, with a sample Contingent Interest Rate of 11.35% per annum used in the hypotheticals.

Starting June 22, 2026, the notes are automatically called if the Index is at or above the Initial Value on specified Review Dates, returning $1,000 per note plus due interest. If the notes are not called and the Index finishes below the 60% Trigger Value at maturity, repayment is reduced in line with the Index loss, and investors can lose a significant portion or all of their principal.

The Index is a leveraged, volatility-targeting strategy on E-mini S&P 500 futures with exposure between 0% and 500% and is subject to a 6.0% per annum daily deduction, which drags on performance. The preliminary estimated value is about $947.20 per $1,000 note (and will not be less than $900.00 per $1,000 at pricing), reflecting selling costs and internal funding and hedging assumptions. The notes are unsecured obligations, not bank deposits, and carry issuer, guarantor, market, liquidity, tax and structural risks.

JPMorgan Chase Financial Company LLC is offering $2,217,000 of Capped Buffered Return Enhanced Notes linked to the Dow Jones Industrial Average, maturing December 16, 2027. The notes aim to pay 1.25 times any positive index return up to a maximum return of 20.50%, which caps the payment at $1,205 per $1,000 note. Investors receive full principal back at maturity if the index is flat or down by up to 15%.

If the index falls more than 15%, principal is reduced 1% for each additional 1% decline, up to a maximum loss of 85%, leaving as little as $150 per $1,000 note. The notes pay no interest and do not pass through dividends from the index’s stocks. They are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., so payments depend on both entities’ credit.

The price to the public is $1,000 per note, including $5 in selling commissions, with estimated issuer proceeds of $995 per note and an estimated fair value of $989 at pricing. The product is intended for buy-and-hold investors comfortable with equity market risk, limited upside and potential substantial loss of principal.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $3,012,000 of Uncapped Accelerated Barrier Notes linked to the lesser performance of the Dow Jones Industrial Average and the S&P 500 Index, maturing in December 2030.

The notes provide 1.26x leveraged upside if both indices finish above their initial levels, return only principal if the weaker index stays at or above 75% of its initial level, and expose holders to one-for-one losses below that barrier, including the possibility of a total loss of principal. Investors forgo interest and dividends and face the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The price to the public is $1,000 per note, including $30 in selling commissions and a structuring fee on most of the issue, while the estimated value is $953.80 per $1,000, reflecting selling, structuring and hedging costs and JPMorgan’s internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, a leveraged Nasdaq-100–linked index that charges a 6.0% per annum daily deduction and a separate notional financing cost. These features cause the Index to lag an equivalent strategy without such charges.

The notes may be automatically called as early as June 29, 2026 if the Index closes at or above 100% of its initial level, paying back principal plus a call premium that starts at 9.050% of $1,000 and can reach at least 54.300% by the final review date. If not called, investors receive full principal at maturity in January 2029 only if the Index’s final level is at or above 60% of its initial value; otherwise, repayment is reduced one-for-one with the Index loss, and investors can lose some or all of their principal. The estimated value at pricing is expected to be below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing December 28, 2028. The notes pay a monthly Contingent Interest Payment only if, on each Review Date, the closing level of each index is at least 80% of its Initial Value; otherwise no interest is paid for that month. The Contingent Interest Rate will be at least 8.25% per annum, paid monthly.

JPMorgan may redeem the notes early on specified Interest Payment Dates, beginning June 25, 2026, returning $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not called and, at maturity, any index has fallen below its 80% Buffer Threshold, principal is reduced 1% for each 1% decline beyond the 20% buffer, up to an 80% loss of principal. An illustrative estimated value is about $975.50 per $1,000 note, and will not be less than $900.00 when finalized.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both issuers, pay no dividends, will not be listed on an exchange and may have limited or no secondary market. U.S. tax disclosure indicates an intended treatment as prepaid forward contracts with contingent coupons, and Non-U.S. Holders may face 30% withholding on Contingent Interest Payments unless treaty relief applies.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,804,000 of structured "Review Notes" linked to the lesser performing of the Dow Jones Industrial Average® and the Nasdaq-100 Index®, maturing on December 17, 2029. The notes may be automatically called as early as December 15, 2026 if both indices close at or above 100% of their initial levels, paying back $1,000 plus a call premium of 12%, 24%, 36% or 48% depending on which review date is triggered. If the notes are not called and, at final maturity, both indices are at or above 70% of their initial levels, investors receive full principal. If either index finishes below 70% of its initial level, repayment is reduced one-for-one with the loss on the weaker index, and all principal can be lost. The notes pay no interest, do not provide dividends, are unsecured, not FDIC insured, and have an estimated value of $975.60 per $1,000 at pricing, below the issue price.

JPMorgan Chase Financial Company LLC is offering $1,501,000 of auto callable contingent interest notes linked to the common stock of Advanced Micro Devices, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 15.00% per annum contingent interest rate, or 3.75% per quarter, but only for Review Dates when AMD’s closing price is at or above 50% of the initial share value, called the Interest Barrier. If on any non-final Review Date AMD closes at or above the initial value, the notes are automatically called, and investors receive $1,000 per note plus that quarter’s interest, with no further payments.

If the notes are not called and, on the final Review Date, AMD is at or above the Trigger Value (also 50% of the initial value), investors receive back $1,000 per note plus the final interest payment. If AMD finishes below the Trigger Value, repayment is reduced in line with AMD’s decline, and investors can lose more than 50% and up to all of their principal. The price to the public is $1,000 per note, including $22.25 in selling commissions, while the estimated value at pricing is $961.80, reflecting embedded costs, issuer funding rates and hedging.

JPMorgan Chase Financial Company LLC is offering $1,801,000 of Trigger Autocallable Contingent Yield Notes linked to the Class B common stock of United Parcel Service, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount and pays a 9.80% per annum contingent coupon (0.245 per $10 quarterly) only if UPS’s closing price on an Observation Date is at or above the Coupon Barrier of $65.60, equal to 65.00% of the Initial Value of $100.92.

The Notes may be called early on any quarterly Observation Date through December 14, 2026 if UPS closes at or above the Initial Value, in which case investors receive principal plus the applicable coupon and no further payments. If the Notes are not called, and at maturity on December 17, 2026 UPS is at or above the same $65.60 Downside Threshold, investors receive principal plus the final coupon. If UPS closes below the Downside Threshold at maturity, repayment is reduced in line with the negative underlying return, and investors can lose a significant portion or all of their principal. Any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the Notes are not listed on any exchange.

JPMorgan Chase Financial Company LLC is offering $1,336,000 of Uncapped Accelerated Barrier Notes due December 15, 2028, linked to the worst performer among the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index. The notes provide 1.45x leveraged upside on any gain of the least performing index if all three finish above their initial levels at maturity.

Principal is protected only down to a 70% barrier of each index’s initial level. If any index closes below its barrier on the observation date, repayment is reduced one-for-one with the decline of the least performing index, and investors can lose up to their entire investment. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to both entities’ credit risk.

The price to the public is $1,000 per note, with selling commissions of $29.50 and proceeds to the issuer of $970.50 per note. The estimated value at pricing was $961.20, reflecting embedded costs and hedging assumptions, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering $665,000 of market-linked, auto-callable securities linked to Microsoft common stock, fully guaranteed by JPMorgan Chase & Co. Each $1,000 security pays a 7.55% per annum contingent coupon, but only when Microsoft’s closing price on the monthly calculation day is at or above a threshold.

The notes are auto-callable from March 2026 through November 2028 if Microsoft’s price is at or above the starting price of $478.53, returning principal plus a final coupon. If the notes are not called and Microsoft’s final price is below the 75% threshold of $358.8975, investors lose more than 25% of principal, up to a total loss. The estimated value is $960.80 per $1,000 security, below the issue price, and the notes are unsecured, not FDIC insured, and subject to issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering $8,580,000 of Auto Callable Contingent Interest Notes linked to the common stock of Marvell Technology, Inc. The notes pay a contingent coupon of $54.625 per $1,000 on each quarterly Interest Payment Date if Marvell’s share price on the related Review Date is at or above the Interest Barrier of $59.0975, which is 70.00% of the Initial Stock Price of $84.425. Missed coupons can be made up later if the barrier is met, but investors may receive no interest over the life of the notes.

The notes can be automatically called on any non-final Review Date starting April 10, 2026 if the stock closes at or above the Initial Stock Price, returning $1,000 plus the due coupon and any unpaid coupons. If not called and the Final Stock Price on December 28, 2026 is below the 70.00% Trigger Level, principal is reduced by 1.42857% for each 1% decline beyond 30.00%, potentially leading to a substantial loss at the December 31, 2026 maturity. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of $985.50 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Amazon.com, Inc. The notes are issued at $1,000 per note for a total offering of $6,311,000, with proceeds to the issuer of $990 per note after fees.

Holders may receive contingent interest of $40.75 per $1,000 note on each quarterly Interest Payment Date if Amazon’s share price on the related Review Date is at or above the Interest Barrier of $192.2615, which is 85.00% of the Initial Stock Price of $226.19. Missed coupons can be paid later if the barrier is met, but some or all interest may never be paid.

The notes are automatically called if Amazon’s share price on any non-final Review Date is at or above the Initial Stock Price, returning principal plus the applicable coupon and any unpaid coupons. If the notes are not called and the Final Stock Price is below the Trigger Level (also $192.2615), principal is reduced using a Downside Leverage Factor of 1.17647, so investors can lose some or all of their investment. The estimated value is $981.30 per $1,000 note, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Alphabet Inc. Each note has a $1,000 denomination, with a total offering of $6,108,000.00 and issuer proceeds of $6,046,920.00. The estimated value at pricing was $982.60 per $1,000 note.

The notes pay a quarterly Contingent Interest Payment of $43.975 per $1,000 note if Alphabet’s share price on a Review Date is at or above the Interest Barrier of $262.8965, equal to 85.00% of the Initial Stock Price of $309.29. Missed coupons may be paid later if the barrier is met. The notes are automatically called if, on any non-final Review Date, the stock closes at or above the Initial Stock Price, returning $1,000 plus due coupons.

If the notes are not called and Alphabet’s Final Stock Price is below the Trigger Level (also 85.00% of the Initial Stock Price), principal is reduced by the Downside Leverage Factor of 1.17647, potentially resulting in a substantial or total loss of principal at maturity on December 31, 2026.

JPMorgan Chase Financial Company LLC is offering $500,000 of digital contingent buffered notes linked to the class A common stock of Snowflake Inc. The notes pay a fixed return of 23.12% at maturity, for a maximum payment of $1,231.20 per $1,000 note, if Snowflake’s final stock price is at or above the strike price of $220.51, or down by up to 25% from that level.

If the final stock price is more than 25% below the strike, principal is reduced 1% for each 1% decline in the stock, so holders can lose more than 25% and up to all of their investment. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and their value depends on the credit of both entities.

The notes do not pay interest or dividends, do not provide ownership rights in Snowflake shares, are not listed on an exchange, and may have limited or no secondary market liquidity. The estimated value at pricing was $973.10 per $1,000 note, below the $1,000 price to public, reflecting selling commissions, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $449,000 of Uncapped Digital Barrier Notes linked to the lesser performing of the S&P 500 Index and the Russell 2000 Index, maturing December 17, 2029. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are issued in $1,000 minimum denominations.

At maturity, if both indices are at or above their initial levels, investors receive principal plus the greater of a 45.35% contingent digital return or the lesser performing index’s return. If either index is below its initial level but both stay at or above 75% of initial (the barrier), only principal is returned. If either index finishes below its 75% barrier, repayment is reduced one-for-one with the decline of the lesser performer, and up to all principal can be lost.

The notes pay no interest and do not provide dividends from index constituents. The estimated value was $973.20 per $1,000 note at pricing, below the $1,000 issue price, reflecting structuring and hedging costs, and secondary market liquidity is expected to be limited.

JPMorgan Chase Financial Company LLC is offering $1,535,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, maturing on December 17, 2030 and fully guaranteed by JPMorgan Chase & Co.

The notes pay no interest and are issued in $1,000 denominations at $1,000 each, with $5 in selling commissions and $995 in proceeds to the issuer per note; the estimated value at pricing was $977.10 per $1,000 note. At maturity, if every index finishes above its initial level, investors receive $1,000 plus 1.93 times the gain of the worst index. If any index is at or below its initial level but all remain at or above 70% of their initial values, investors receive the $1,000 principal plus the absolute decline of the worst index, capped at 30%, for a maximum of $1,300 per $1,000 note in negative-return scenarios.

If any index closes below 70% of its initial value, repayment is $1,000 plus the actual return of the worst index, so losses can exceed 30% of principal and reach a total loss. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed on an exchange and may trade below the issue price due to fees, internal funding rates and hedging costs.

JPMorgan Chase Financial Company LLC is offering $2,683,000 of capped buffered equity notes linked to the lesser performing of the Invesco QQQ Trust, Series 1 and the S&P 500 Index, maturing June 17, 2027. The notes provide 1.00x upside exposure to the weaker of the two underlyings, capped at a maximum return of 36.85%, for a maximum payment of $1,368.50 per $1,000 note if that underlying rises at least 36.85% from its initial value.

If either underlying finishes down more than the 15.00% buffer at maturity, investors lose 1% of principal for each 1% additional decline in the lesser performer, up to a maximum loss of 85.00% of principal. The notes pay no interest, pass through no dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to their credit risk.

The price to the public is $1,000 per note, including selling commissions of $5, while the estimated value at pricing was $990.70, reflecting embedded selling, structuring and hedging costs. The notes are not listed on an exchange, and secondary market liquidity and pricing, if available, will depend mainly on J.P. Morgan Securities.

JPMorgan Chase Financial Company LLC is offering $250,000 of Capped Buffered Return Enhanced Notes linked to the Russell 2000® Index, maturing on January 15, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.25x any positive index return, capped at a maximum return of 13.55%, for a maximum payment of $1,135.50 per $1,000 note.

Principal is protected only by a 15% downside buffer: if the index falls more than 15%, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 85%. The notes pay no interest, provide no dividends, are unsecured obligations and are subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, including $5 in selling commissions, and the estimated value at pricing was $985.80 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the SPDR® Gold Trust (GLD), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to provide 125.00% participation in any price increase of the Fund, up to a maximum return of at least 17.20%, so the maximum payment is at least $1,172.00 per $1,000 note at maturity.

These notes pay no interest and expose investors to loss of principal: if the Fund falls, the maturity payment is $1,000 plus the Fund return, but not less than $900.00 per $1,000, meaning up to 10.00% of principal can be lost. The notes are unsecured obligations, subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and are expected to have an estimated value at pricing of about $985.50 per $1,000 note, not less than $960.00, which is lower than the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the least performing of the Nasdaq‑100 Index, the SPDR S&P Regional Banking ETF and the VanEck Semiconductor ETF, maturing on December 21, 2028. The notes pay a monthly contingent interest rate of at least 14.50% per annum (at least $12.0833 per $1,000) only if on each review date all three underlyings are at or above 65% of their initial value; otherwise no interest is paid for that period.

The issuer may redeem the notes early, in whole, on specified interest payment dates starting June 23, 2026, paying $1,000 plus any applicable contingent interest. If held to maturity and none of the underlyings finishes below 55% trigger value, investors receive $1,000 plus any final contingent interest. If any underlying ends below its trigger, repayment is reduced one‑for‑one with the decline in the worst performer, and investors can lose more than 45% and up to all principal.

The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may be difficult to sell. The price to public is $1,000 per note; the estimated value would be about $971.20 per $1,000, and will not be less than $940.00 when finalized, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is offering $2,339,000 of Uncapped Accelerated Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to December 17, 2029 and pay no interest or dividends.

At maturity, if both indexes finish above their initial levels, investors receive principal plus 1.40 times the gain of the weaker index. If either index finishes below its initial level but both stay at or above 75% of their initial values, principal is returned. If either index ends below this 75% barrier, repayment is reduced one-for-one with the loss of the weaker index, and principal can be completely lost.

The notes are unsecured obligations, not bank deposits or FDIC insured. The price to the public is $1,000 per note, while the estimated value at pricing was $982.50 per $1,000 note, reflecting structuring and hedging costs and JPMS’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering $375,000 of Capped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on December 17, 2030. The notes provide 3.00 times any positive return of the worst-performing index, up to a maximum return of 79.65%, for a maximum payment of $1,796.50 per $1,000 note.

The downside protection is limited: if all indices stay at or above 70% of their initial levels, investors receive full principal back, but if any index falls below this 70% barrier, repayment is reduced one-for-one with the loss in the least performing index and investors can lose their entire principal. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and were priced at $1,000 per note with $41.25 in selling commissions and an estimated value of $941.30.

JPMorgan Chase Financial Company LLC is offering $641,000 of auto callable contingent interest notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the State Street® Utilities Select Sector SPDR® ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon at a rate of 8.70% per annum (0.725% per month) only if, on a given review date, the closing value of each underlying is at or above 70.00% of its initial value. Beginning June 12, 2026, the notes are automatically called if each underlying is at or above its initial value, returning principal plus the applicable contingent interest.

If the notes are not called and the least performing underlying finishes below its 70.00% trigger value at maturity on December 15, 2028, investors lose 1% of principal for every 1% decline in that underlying and could lose their entire investment. The price to the public is $1,000 per note, including $30 in selling commissions, with estimated value of $952.40 per $1,000 note. The notes are unsecured, subject to issuer and guarantor credit risk, pay no dividends and are not expected to be listed, limiting liquidity.

JPMorgan Chase Financial Company LLC is offering $550,000 of Auto Callable Accelerated Barrier Notes linked to the Class A common stock of Strategy Inc, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a minimum denomination of $1,000, price to public of $1,000 per note, selling commissions of $22.50 per note and estimated value of $982.30 per note, with net proceeds to the issuer of $537,625. They may be automatically called on December 28, 2026 if the stock is at or above the Call Value, paying principal plus a $300 call premium per $1,000 note.

If not called, at maturity on December 15, 2028 investors get 3.00 times any positive stock return, par back if the stock is at or above an 80.00% barrier, and lose 1% of principal for every 1% the stock finishes below the Initial Value if it falls under the barrier, potentially losing their entire investment. The notes pay no interest or dividends, carry JPMorgan credit risk and are not listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is issuing $2,383,000 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 run to December 17, 2030 and offer an uncapped leveraged payoff of 2.045x any positive index return at maturity.

If the index finishes at or above 70% of its initial level, investors receive at least their $1,000 principal per note, but if it closes below this barrier they lose 1% of principal for each 1% index decline and can lose the entire investment. The notes pay no interest, are unsecured obligations subject to the credit risk of both issuers, and were sold at $1,000 per note with estimated value of $974.10, reflecting embedded fees, commissions and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,000,000 of Market Linked Securities due December 15, 2028 linked to the lowest performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the EURO STOXX 50 Index. Each $1,000 security pays a contingent coupon at 11.75% per annum, but only for quarters when the lowest performing index closes at or above its threshold level set at 75% of its starting level.

The notes are auto-callable quarterly from June 2026 through September 2028 if the lowest performing index is at or above its starting level, in which case investors receive principal plus the applicable coupon and the notes terminate early. If the notes are not called and, on the final calculation day, the lowest performing index closes below its threshold, repayment of principal is reduced 1:1 with the index loss, so investors can lose more than 25% and up to all of their principal.

The price to the public is $1,000 per security, including $23.25 in selling commissions, for issuer proceeds of $976.75 per security. The estimated value at pricing is $949.00 per security, reflecting embedded selling, structuring and hedging costs. The securities are unsecured obligations, are not bank deposits and are not insured by the FDIC or any government agency.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500® Index. The notes are priced at $1,000 each, for a total offering of $868,000, with selling fees of $10 per note and net proceeds to the issuer of $990 per note. The Initial Index Level was 6,827.41 on the pricing date.

If, at maturity in December 2026, the S&P 500 is at or above its initial level, or down by no more than the 20% Contingent Buffer, investors receive a fixed 7.83% Contingent Digital Return, for a maximum payment of $1,078.30 per $1,000 note. If the Index falls by more than 20%, principal is exposed one-for-one to further declines and can be fully lost. The estimated value is $985.20 per $1,000 note, reflecting structuring, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is offering $1,946,000 of callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 minimum denomination, with fees and commissions of $9 per note and net proceeds to the issuer of $1,928,486.

The notes can be automatically called as early as December 16, 2026 if the Index closes at or above a preset Call Value, paying back principal plus a fixed Call Premium Amount that rises over time, up to $782.50 per $1,000 note at the final Review Date. If the notes are not called and the Index finishes below a Barrier Amount, investors lose 1% of principal for each 1% Index decline and can lose their entire investment.

The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags on performance versus an identical index without this charge. The estimated value of the notes at pricing was $928.30 per $1,000 note, reflecting selling costs, hedging costs and the issuer’s internal funding rate, and secondary market prices are expected to be lower than the original issue price.