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

JPMorgan Chase Financial Company LLC is offering $2,498,000 of Uncapped Accelerated Barrier Notes linked to the lesser performance of the Nasdaq-100® Technology Sector Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes run from an expected issue date around December 17, 2025 to maturity on December 17, 2029. At maturity, if both indices are above their initial levels, investors receive their principal plus 1.3665 times the gain of the lesser performing index. If either index finishes below its initial level but both stay at or above 70% of their initial values, investors receive only their principal back. If either index closes below 70% of its initial value, repayment is reduced one-for-one with the loss of the lesser performer, which can lead to a loss of more than 30% and up to all invested principal.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and are not listed on an exchange. The price to the public is $1,000 per note, including $7.50 in selling commissions, while the initial estimated value is $983.40 per $1,000 note, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $500,000 of Auto Callable Contingent Interest Notes linked to Oracle Corporation common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on December 16, 2027.

The notes pay a quarterly contingent coupon of $41.25 per $1,000 note (a 16.50% per annum rate) for any Review Date when Oracle’s share price is at least 50.00% of the $191.17 Strike Value. If on any non-final Review Date Oracle closes at or above the Strike Value, the notes are automatically called, returning $1,000 plus the applicable coupon, starting as early as March 11, 2026.

If the notes are not called and Oracle’s final share price is below 50.00% of the Strike Value, investors lose 1% of principal for each 1% decline from the Strike Value and can lose their entire investment. The notes are unsecured, will not be listed, have an estimated value of $982.50 per $1,000 at pricing, and pay no dividends or fixed interest.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $695,000 of Uncapped 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 15, 2028. The notes offer 1.80x any positive performance of the worst-performing index at maturity.

Each note has a $1,000 denomination, a 60% barrier for each index and pays no interest or dividends. If all three indices stay at or above their barriers, investors receive at least full principal; if any index closes below its barrier, repayment is reduced one-for-one with the loss on the least performing index, and investors can lose their entire principal.

The price to public is $1,000 per note, with proceeds to the issuer of $991.2518 per note and an estimated value of $970.30 when terms were set. The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and JPMorgan Chase & Co. and will not be listed on any securities exchange.

JPMorgan Chase Financial Company LLC plans to issue auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 3, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment only for Review Dates when the Index closes at or above 60% of its Initial Value, and may be automatically called beginning December 29, 2026 if the Index is at or above its Initial Value.

If the notes are not called, principal is protected only if the Final Index level is at or above a Trigger Value equal to 50% of the Initial Value; below that level, investors lose 1% of principal for each 1% Index decline. The Index itself uses up to 500% leverage in E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which drags performance.

The notes are unsecured obligations of JPMorgan Chase Financial with minimum denominations of $1,000. If priced on the indicated date, the estimated value would be about $889.40 per $1,000, and will not be less than $870.00 when finalized, reflecting selling costs and hedging-related factors.

JPMorgan Chase Financial Company LLC is issuing $1,023,000 of structured "Review Notes" linked to the lesser performance of the Dow Jones Industrial Average® and the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, priced on December 12, 2025 and expected to settle on or about December 17, 2025, and are scheduled to mature on December 17, 2029.

The notes may be automatically called as early as December 15, 2026 if each index is at or above its Call Value, paying back principal plus a call premium that steps up from 10% to 40% of face value over the four Review Dates. If not called, investors receive full principal at maturity only if each index finishes at or above 70% of its Initial Value; otherwise the payoff is reduced one-for-one with the loss on the lesser-performing index, and investors can lose most or all of their principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, and had an estimated value of $952.80 per $1,000 at pricing, below the price to public due to selling, structuring and hedging costs.

JPMorgan Chase & Co. is offering $3,828,000 of callable step-up fixed rate notes due December 16, 2039. The notes pay annual interest in arrears at fixed rates that increase over time: 5.00% per annum from December 17, 2025 to December 17, 2035, 5.25% per annum from December 17, 2035 to December 17, 2037, and 5.50% per annum from December 17, 2037 to December 16, 2039, using a 30/360 day count.

JPMorgan may redeem the notes in whole at par plus accrued interest on the 17th of March, June, September and December of each year, from March 17, 2028 through September 17, 2039. Investors receive principal plus any unpaid interest at maturity if the notes have not been called. The price to the public is $1,000 per note, including selling commissions and estimated hedging costs, resulting in $3,738,792 in proceeds to the issuer. The notes are unsecured obligations of JPMorgan, rank behind subsidiary creditors in a resolution scenario and carry risks described in the referenced risk factor sections.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Review Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, maturing on December 24, 2030. The notes can be automatically called on scheduled Review Dates starting December 22, 2026 if the closing level of each index is at or above 100% of its Initial Value, paying $1,000 plus a call premium of at least 10% to 50% of principal, depending on the Review Date.

If the notes are not called and the Final Value of each index is at or above 75% of its Initial Value, investors receive only their $1,000 principal back. If either index finishes below this 75% barrier, the maturity payment is reduced dollar-for-dollar with the loss on the lesser performing index, and up to the entire principal can be lost. The notes pay no interest or dividends, have minimum denominations of $1,000, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Trigger Callable Yield Notes linked to the lesser performing of the Russell 2000 and EURO STOXX 50 indexes. Each $10 note pays fixed monthly coupons expected between 7.50% and 8.00% per year while outstanding, regardless of index performance.

The issuer may call the notes monthly after an initial three‑month non‑call period, repaying the $10 principal plus the applicable coupon, with no further payments. If the notes are not called and, at maturity, both indexes are at or above 70% of their initial levels, investors receive full principal back plus the final coupon.

If either index finishes below its 70% downside threshold, principal is reduced in proportion to the loss of the lesser‑performing index, and investors can lose a significant portion or all of their investment, though the final coupon is still paid. The notes are unsecured, subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, not listed on any securities exchange, sold at $10 with $0.10 in selling commissions per note, and have an illustrative estimated value of about $9.802 per $10 note.

JPMorgan Chase Financial Company LLC is offering five-year Trigger GEARS, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co. The return is linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%).

At maturity, if the basket has risen, investors receive their $10 principal per Security plus the basket gain multiplied by an Upside Gearing expected between 1.455 and 1.655. If the basket is flat or down but still at or above 75% of its initial level, principal is repaid. If the basket falls below this 75% downside threshold, repayment is reduced one-for-one with the basket loss and investors can lose all principal.

The Securities pay no interest, do not provide index dividends, are not listed on any exchange, and are subject to the credit risk of both the issuer and guarantor. Issue price is $10 per Security (minimum $1,000), including up to $0.35 in selling commissions; the issuer estimates current value at about $9.418 per $10 Security and states it will not be less than $9.10 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $269,000 of Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, maturing in December 2030.

The notes provide 1.677x leveraged upside on any positive performance of the worst-performing index, but expose investors to losses if any index falls below a 70% barrier of its initial level, with the potential for a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and were sold at $1,000 per note with an estimated value of $964.80 at pricing, reflecting embedded costs and hedging charges.

JPMorgan Chase Financial Company LLC is issuing $445,000 of Uncapped Buffered Digital Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the Nasdaq-100 Index, maturing on December 17, 2030. The notes offer uncapped upside at maturity based on the weakest index, with a 55.00% contingent digital return and a 20.00% downside buffer.

If all three indices finish at or above their initial levels, investors receive the greater of the 55.00% digital return or the actual return of the least performing index. If any index falls more than 20.00%, principal is reduced 1% for each 1% drop beyond that buffer, up to an 80.00% loss of principal.

The notes pay no interest, do not provide dividends from the underlying indices, and are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. They will not be listed on an exchange, and the estimated value at pricing is $970.40 per $1,000 note, below the issue price, reflecting selling commissions, hedging costs and dealer profits.

JPMorgan Chase Financial Company LLC is issuing $1,001,000 of uncapped accelerated barrier notes linked to the common stock of NVIDIA, Broadcom and Alphabet, fully guaranteed by JPMorgan Chase & Co. The notes run to December 17, 2029 and offer a leveraged gain of 3.50 times any positive return of the worst-performing stock at maturity.

If all three stocks finish at or above their initial prices, investors receive $1,000 plus 3.50 times the least-performing stock’s gain per $1,000 note. If any stock is at or below its initial value but all remain at or above 50.00% of their initial values, principal is returned. If any stock closes below its 50.00% barrier, repayment is reduced one-for-one with the worst performer, and investors can lose most or all of their principal. The notes pay no interest or dividends, are unsecured, may be illiquid, and were sold at $1,000 per note with an estimated value of $952.90.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $3.614 million of Callable Contingent Interest Notes due December 15, 2028, linked to the least performing of three State Street SPDR ETFs covering energy, consumer discretionary and U.S. regional banks. The notes pay a contingent coupon of 11.00% per annum (2.75% quarterly, or $27.50 per $1,000) only if on a Review Date each ETF closes at or above 70% of its initial value; missed coupons can be paid later if the condition is met.

The issuer may redeem the notes early on specified interest payment dates starting June 17, 2026 at $1,000 plus due coupons, ending any further interest. At maturity, if the notes are not called and each ETF finishes at or above 60% of its initial value, investors receive full principal plus any due coupons; if any ETF is below 60%, repayment is reduced in line with the worst ETF’s loss, and investors can lose most or all of principal.

The notes are unsecured, unsubordinated 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 $18.50 in selling and structuring fees, while the issuer’s estimated value is $961.50 per $1,000, reflecting embedded costs and hedging assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped GEARS linked to an unequally weighted basket of five equity indices: EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index and S&P/ASX 200. The notes have an approximate 14‑month term, a $10 denomination and provide 3.00x leveraged upside exposure to a positive Basket Return, capped by a Maximum Gain between 16.00% and 18.00%.

If the Basket Return is zero, investors receive $10 back; if it is negative, repayment is reduced dollar‑for‑dollar with the Basket’s decline, with potential loss of the entire principal. The EURO STOXX 50 carries the largest basket weight at 40%, giving it the greatest impact on returns. The price to public is $10.00 per note, including up to $0.20 in selling commissions to UBS, and the estimated value is expected to be between $9.40 and, based on current conditions, approximately $9.755 per $10 note. The securities pay no interest or dividends, are unsecured, not exchange‑listed, and all payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured Digital Buffered Notes linked to the S&P 500® Index. The notes target a fixed Contingent Digital Return of at least 8.20%, giving a maximum payment at maturity of $1,082 per $1,000 note if the index finishes at or above its initial level, or down to 10.00% below it.

If the S&P 500® falls more than 10.00%, principal is exposed to leveraged downside: for every 1% drop beyond the 10.00% buffer, investors lose 1.11111% of principal, up to a total loss. The notes pay no interest or dividends and do not provide voting rights.

The notes are scheduled to price on or about December 19, 2025, with maturity on January 7, 2027. An initial estimated value of approximately $986 per $1,000 note is indicated, and the final estimated value will not be less than $970, reflecting embedded selling commissions, hedging costs and dealer profits. Payments depend on the credit of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto-callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in December 2030. Each note has a $1,000 minimum denomination and may be automatically called as early as December 23, 2026 if the Index is at or above a call level, paying back principal plus a fixed call premium.

The call premiums start at at least 12% of principal on the first review date and step up to at least 60% on the final review date. If the notes are not called, principal is protected only down to a 30% buffer; beyond that, investors lose 1% of principal for each additional 1% Index decline, up to a 70% loss at maturity.

The Index uses leveraged exposure (up to 500%) to the Invesco QQQ Trust, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, which can significantly drag returns. The notes pay no interest or dividends, are unsecured, and their payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $909.90 per $1,000 note and will not be less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering index-linked Review Notes tied to the Dow Jones Industrial Average®, Nasdaq-100® Technology Sector IndexSM and Russell 2000® Index, maturing on December 24, 2030. The notes may be automatically called as early as December 24, 2026 if the closing level of each index is at or above 100% of its Initial Value, paying back $1,000 plus a Call Premium Amount that starts at at least 10% of principal and can reach at least 50% on the final Review Date.

If the notes are not called and on the final Review Date each index is at or above 70% of its Initial Value, investors receive only their $1,000 principal back. If any index finishes below this 70% Barrier Amount, repayment is reduced one-for-one with the decline of the Least Performing Index, and all principal can be lost. The notes pay no interest or dividends, are unsecured and unsubordinated, have $1,000 minimum denominations, and had an indicative estimated value of about $937.50 per $1,000 (not less than $900.00) at launch, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $5,000,000 of 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 scheduled to mature on December 17, 2030 and may be automatically called as early as June 12, 2026 if the Index closes at or above its Initial Value on a review date.

Investors may receive a contingent interest payment at a rate of 15.70% per annum (3.925% per quarter) for any review date on which the Index closes at or above 65% of the Initial Value, but they can receive no interest for some or all periods. If the notes are not called and the Final Value is below 60% of the Initial Value, principal is reduced one-for-one with the Index loss, potentially to zero.

The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. The price to public is $1,000 per note, including $7.50 in selling commissions, while the estimated value is $932.20 per $1,000, reflecting structuring and hedging costs. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, unlisted and may be illiquid.

JPMorgan Chase Financial Company LLC is offering auto-callable review notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 3, 2031, and guaranteed by JPMorgan Chase & Co. The notes may be called as early as December 31, 2026 if the Index closes at or above preset Call Values, paying $1,000 plus a Call Premium Amount that starts at a minimum of 16.500% × $1,000 on the first Review Date and rises to at least 82.500% × $1,000 on the final Review Date. If never called and the Final Value is below the 60% Barrier Amount, repayment is $1,000 plus $1,000 × Index Return, so investors can lose more than 40% and up to all principal. The Index uses leveraged exposure of up to 500% to E-mini S&P 500 futures, targets 35% implied volatility and is reduced by a 6.0% per annum daily deduction, which drags on performance. The estimated value is indicated at about $885.90 per $1,000 note if priced today, and will not be less than $870.00 at pricing, and the notes pay no interest or dividends and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $2,805,000 of auto callable contingent interest notes due December 17, 2030, linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index. The notes pay a monthly contingent coupon at a rate of 7.25% per annum (0.60417% per month) only if, on each Interest Review Date, all three indices are at or above 75% of their Initial Values.

The notes can be automatically called quarterly starting December 14, 2026 if each index is at or above its Initial Value, returning $1,000 per note plus the applicable coupon. If not called and any index finishes below 70% of its Initial Value at maturity, investors lose 1% of principal for each 1% decline of the least performing index and can lose all principal. The price to public is $1,000 per note, including $40.25 in selling commissions, while the issuer’s estimated value is $933.70, and the notes carry the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co. with no FDIC insurance and limited liquidity.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto-callable review notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 3, 2031. The notes can be automatically called as early as December 31, 2026 if the Index closes at or above 100% of its initial level, paying $1,000 plus a call premium starting at at least 19.20% of principal and rising to at least 96.00% on the final review date.

If the notes are not called and the Index is at or above 50% of its initial level at final valuation, investors receive only their principal back; below that 50% barrier, repayment is reduced one-for-one with the Index loss, potentially to zero. The Index itself is subject to a 6.0% per annum daily deduction and can use leverage up to 500% to E-mini S&P 500 futures, which may magnify losses. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, are not expected to be listed, and may trade below the $1,000 issue price; the estimated value at pricing would be about $885.10 per $1,000, and not less than $870.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, maturing on December 24, 2030. The notes may be automatically called as early as December 24, 2026 if the Index closes at or above its initial level, paying back $1,000 plus a call premium that starts at 18.25% of principal and can reach at least 91.25% by the final review date.

These notes pay no interest or dividends and expose investors to up to 85% loss of principal at maturity if the Index falls more than a 15% buffer below its initial level. The Index itself is reduced by a 6.0% per annum daily deduction and a notional financing cost, so it is designed to underperform a similar index without these charges. The indicative estimated value is about $905.90 per $1,000 note, and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $1,000 principal-amount market-linked securities tied to the iShares Bitcoin Trust ETF (IBIT), maturing December 16, 2027. These are principal-at-risk notes, not bank deposits and not FDIC insured.

The notes can be automatically called on December 17, 2026 if IBIT’s closing price is at or above the $51.20 starting price, paying $1,300 per note (a 30% call premium). If not called, maturity payment depends on IBIT’s final price: gains above the starting price are multiplied by a 150% upside participation rate; moderate losses down to a $38.40 threshold (75% of start) earn a positive “absolute return”; deeper losses below the threshold produce full downside exposure and can erase most or all principal.

The estimated value at pricing is $958.20 per note, below the $1,000 issue price, reflecting selling commissions and hedging costs. The document highlights significant risks from bitcoin’s extreme volatility, evolving regulation, market structure and operational vulnerabilities, all of which can adversely affect IBIT and the value of these securities.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $500,000 of auto callable contingent interest notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing in December 2029.

The notes pay a contingent monthly coupon at a 9.25% per annum rate only when the closing level of each index is at or above 70% of its initial value, and can be automatically called as early as December 2026 if all three indices are at or above their initial levels. If the notes are not called and any index ends below 60% of its initial value at maturity, investors lose principal in line with the decline of the worst-performing index, up to a total loss.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, while the initial estimated value is $965.20, reflecting embedded costs, fees and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $6,365,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performance of the Nasdaq‑100 Index and the Russell 2000 Index, maturing on December 15, 2028. Each note has a $1,000 denomination and may be automatically called as early as December 16, 2026 if both indices are at or above 100% of their initial levels, paying back principal plus a call premium of 13.35% on the first review date or 26.70% on the second.

If the notes are not called and both final index levels are above their initial values, investors receive principal plus 2x the gain of the lesser-performing index. If either index finishes at or below its initial level but both stay at or above a 70% barrier, only principal is returned. If either index closes below its 70% barrier, repayment is reduced one-for-one with the loss of the lesser-performing index, up to a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, and had an estimated value at pricing of $958.50 per $1,000 note, below the price to public.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $2,245,000 of Auto Callable Contingent Interest Notes linked to Palantir Technologies Inc. Class A common stock, maturing on June 17, 2027. The notes pay a 19.00% per annum contingent interest rate (4.75% quarterly) only if Palantir’s share price on each review date is at or above 50% of the initial value of $183.57.

The notes are automatically called, with return of principal plus the applicable interest, if Palantir’s share price on any non-final review date is at or above the initial value, starting March 12, 2026. If the notes are not called and the final share price is below the 50% trigger, investors lose principal in line with the stock’s decline and can lose their entire investment. The price to the public is $1,000 per note, with estimated value of $957.50 and net proceeds to the issuer of about $2.20 million, and payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $829,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, due December 17, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 10.00% per annum Contingent Interest Rate (0.83333% per month) only on Review Dates when the Index closes at or above 75% of its Initial Value, with unpaid coupons accruing if later barriers are met.

The notes can be automatically called on certain Review Dates starting December 14, 2026 if the Index is at or above its Initial Value, returning $1,000 plus due interest per note. Principal is protected only by a 15% buffer; if the Final Index Value is below 85% of the Initial Value, investors lose 1% of principal for each additional 1% decline, up to an 85% loss. The Index embeds 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, versus an estimated value of $910.90, and the notes are unsecured, unlisted obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk.

JPMorgan Chase Financial Company LLC is offering $1,260,000 of index-linked review notes guaranteed by JPMorgan Chase & Co., tied separately to the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. The notes may be automatically called as early as December 2026 if all three indices are at or above 100% of their initial levels, paying back principal plus a call premium that rises from 10.10% to 50.50% of the $1,000 denomination over five review dates. If not called and all indices finish at or above 70% of their initial levels in December 2030, investors receive full principal; if any index ends below this barrier, repayment is reduced one-for-one with the loss on the worst-performing index, potentially to zero. The price to public is $1,000 per note, including $40.75 in selling commissions, while the issuer’s estimated value is $930.90, and the notes pay no interest or dividends and carry full issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering $1,980,000 of callable contingent interest notes due December 15, 2028, linked to the Nasdaq-100 Index®, the Russell 2000® Index and the State Street® Utilities Select Sector SPDR® ETF, and fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon at 10.50% per annum (0.875% monthly) only for months when the closing value of each underlying is at least 70.00% of its initial level; otherwise no interest is paid. Beginning March 17, 2026, the issuer may redeem the notes on certain interest payment dates at $1,000 per note plus any applicable coupon, ending all future payments.

If the notes are not redeemed and any underlying finishes below its 70.00% trigger level at maturity, principal repayment is reduced point-for-point with the decline of the least performing underlying, up to a complete loss of the $1,000 principal. The notes are unsecured, not listed on any exchange, carry an estimated value of $970.60 per $1,000 at pricing, and expose holders to JPMorgan credit risk, equity market volatility and sector, small‑cap and non‑U.S. equity risks.

JPMorgan Chase Financial Company LLC is offering $545,000 of Uncapped Accelerated Barrier Notes linked to Grade A copper, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.40x leveraged upside on any gain in the copper price at maturity, with no cap on potential upside.

Investors receive no interest and face full downside risk if copper falls below an 80% barrier of the initial price of $11,816.00 per metric ton on the observation date in December 2027. If the final price stays at or above the barrier, principal is repaid; below the barrier, losses move one-for-one with copper and can reach 100% of principal. The notes are unsecured, not insured by any government agency, have limited liquidity, and their estimated value at issuance is $963.90 per $1,000, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering unsecured structured notes linked to the SPDR® Gold Trust. The notes run to December 28, 2026 and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors receive no interest but get 125.00% participation in any positive return of the SPDR® Gold Trust, capped at a maximum return of at least 17.20% per $1,000 note at maturity. If the fund finishes at or below its initial level, the maturity payment is $1,000 plus the fund return, but not less than $900 per $1,000 note, so investors can lose up to 10.00% of principal.

The notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and secondary market prices are expected to be below the issue price. The estimated value is disclosed as lower than the $1,000 price because it reflects selling commissions, projected hedging profits or losses and hedging costs. The product also carries complex U.S. tax treatment as a potential contingent payment debt instrument.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured structured notes that provide uncapped, dual-directional exposure to the Dow Jones Industrial Average, the Russell 2000 Index and the VanEck Semiconductor ETF, based on the worst performer, with maturity on June 23, 2027.

The notes aim to pay at least 1.20 times any positive return of the least performing underlying when all three finish above their initial values. If the least performer is flat or down by up to the 20.00% buffer, investors receive a positive, unleveraged return equal to that absolute move, up to a 20.00% maximum gain. If any underlying falls more than 20.00%, principal is reduced one-for-one beyond the buffer, with up to 80.00% of principal at risk.

Holders forgo interest and dividends, face the credit risk of both issuers, and the notes will not be listed, so liquidity may be limited. The price to public is $1,000 per note, while the estimated value would be about $970.40 per $1,000 today and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions of up to $22.25 and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,523,000 of market-linked notes tied to the common stock of Broadcom Inc. Each security has a $1,000 principal amount and offers a 16.75% per annum contingent coupon, paid quarterly only if Broadcom’s stock on the relevant calculation day is at or above the threshold price of $215.958, which is 60% of the starting price of $359.93.

The notes can be automatically called from March 2026 to September 2028 if the stock is at or above the starting price on a calculation day, returning principal plus a final coupon. If not called, investors receive full principal at maturity only if the final stock price is at or above the threshold; otherwise they are exposed to the full downside from the starting price and can lose more than 40%, up to their entire investment. The notes are unsecured, not FDIC insured, and the estimated value at issuance is $957.60 per $1,000 due to selling commissions and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,100,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of $8.1667 per $1,000 (a 9.80% per annum rate) only when the Index closes at or above 80.00% of its initial level of 12,129.62, and missed coupons can be paid later if the barrier is met.

The notes can be automatically called as early as December 14, 2026 if the Index is at or above its initial level, returning $1,000 per note plus due coupons. At maturity on December 17, 2030, investors receive full principal only if the Index is at or above the 80.00% buffer threshold; otherwise, principal is reduced 1% for each 1% decline beyond the 20.00% buffer, for a potential loss of up to 80.00%. The underlying Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance, and the notes are unsecured obligations 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 worst performer of three market measures: the Nasdaq-100® Technology Sector IndexSM, the State Street® Utilities Select Sector SPDR® ETF and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to December 22, 2028 and can be redeemed early, in whole, at the issuer’s option on specified interest payment dates starting December 24, 2026.

Holders receive a contingent interest payment only for review dates when the closing value of each underlying is at or above 60% of its initial value. If the notes are not redeemed early and any underlying finishes below its trigger value (also 60% of its initial value), repayment of principal is reduced in line with the loss on the least performing underlying, potentially to zero. The indicative contingent interest rate is at least 8.85% per year, and an example shows an estimated value of about $972.40 per $1,000 note, reflecting selling costs and hedging. The notes are unsecured, not insured and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $155,000 of auto callable contingent interest notes linked to the lesser performance of the S&P 500 Index and the VanEck Gold Miners ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 12.35% per annum, credited monthly, but only when the closing value of each underlying is at least 70% of its initial value, and they may pay no interest at all.

The notes can be automatically called beginning on March 12, 2026 if both underlyings are at or above their initial values, returning principal plus the applicable interest for that month, and ending further payments. If the notes are not called and, at maturity on June 17, 2027, either underlying is below its 70% trigger value, the principal repayment is reduced one-for-one with the loss on the lesser-performing underlying, potentially resulting in a total loss of principal.

The price to the public is $1,000 per note, with selling commissions of $22.25 and proceeds to the issuer of $977.75 per note. The estimated value at pricing was $951.30 per $1,000, reflecting structuring, selling and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial as issuer and JPMorgan Chase & Co. as guarantor, will not be listed on an exchange, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the Index closes at or above 60% of its Initial Value and can be automatically called starting December 29, 2026 if the Index is at or above its Initial Value on certain Review Dates.

If the notes are not called and the Index falls below the Trigger Value at final observation, investors lose 1% of principal for each 1% decline in the Index, with the potential to lose the entire principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which together drag on performance versus an equivalent index without these charges. The notes are issued in $1,000 denominations, with an illustrative estimated value of about $898.50 per $1,000 and a minimum estimated value at pricing of $880.00 per $1,000.

JPMorgan Chase Financial Company LLC is issuing $3,258,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and was priced at $1,000, with selling commissions of $44 per note and estimated value of $903.50 per note.

The notes can be automatically called as early as December 16, 2026 if the Index closing level is at or above the Call Value, paying $1,000 plus a Call Premium Amount that starts at 18.00% of $1,000 on the first Review Date and rises to 90.00% of $1,000 on the final Review Date. If never called and at maturity the Index has fallen by up to the 15.00% Buffer Amount, investors receive full principal; if it has fallen by more than 15.00%, the payout is $1,000 plus $1,000 times (Index Return + 15.00%), with potential loss of up to 85.00% of principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund, which will generally weigh on its performance and cause it to trail an otherwise identical index without these charges. The notes pay no interest, provide no dividends, are not bank deposits or FDIC insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing S&P 500®-linked auto callable buffered return enhanced notes with a total price to the public of $5,473,000. The notes offer 1.40x leveraged upside on any gain in the S&P 500 Index at maturity and pay a 10.00% call premium if the Index is at or above the initial level on the December 28, 2026 review date, triggering automatic redemption on December 31, 2026. If not called, investors receive full principal at maturity so long as the Index has not fallen by more than 10.00%, but lose 1.11111% of principal for each 1% decline beyond that buffer, exposing them to a substantial loss of principal by the December 16, 2027 maturity. The notes are unsecured, unsubordinated obligations in minimum denominations of $10,000, carry no interest or dividends, have an estimated value of $982.60 per $1,000 at pricing versus a $1,000 issue price, and are subject to limited liquidity and the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.; JPMorgan has also separately committed $700,000 in unconditional donations to Blue Star Families that are not contingent on note sales.

JPMorgan Chase Financial Company LLC is offering auto callable buffered equity notes linked to the Class A common stock of CrowdStrike Holdings, Inc. in a total amount of $1,838,000, at $1,000 per note.

The notes may be automatically called on the December 28, 2026 review date if CrowdStrike’s share price is at or above the initial stock price of $504.78, paying $1,000 plus a 22.10% call premium. If not called and held to the December 16, 2027 maturity, investors get uncapped upside based on stock performance with a contingent minimum return of 44.20%, a 20.00% downside buffer and 1.25x leveraged losses beyond that buffer.

The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial fully guaranteed by JPMorgan Chase & Co., and are not listed on any exchange. The estimated value at pricing was $974.70 per $1,000 note, below the public offering price, and investors face both market risk tied to CrowdStrike and the credit risk of JPMorgan entities.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Equity Notes linked to the S&P 500® Index. Each note has a $1,000 denomination, an Initial Index Level of 6,827.41 and a scheduled maturity on December 16, 2027.

The notes can be automatically called on December 28, 2026 if the S&P 500 closing level is at or above the Initial Index Level, paying $1,000 plus an 8.65% call premium. If not called and the Index finishes at or above its initial level, investors receive uncapped upside with a contingent minimum return of 17.30%, so at least $1,173 per $1,000 note.

The structure includes a 15.00% buffer: if the Index declines by up to that amount, principal is returned. Below this buffer, losses are leveraged, with a 1.17647% loss of principal for each 1% decline beyond 15%, potentially leading to a full loss. The total offering size is $1,680,000, the price to public is $1,000 per note, and the estimated value at pricing is $981.30 per $1,000 note. The notes pay no interest or dividends and are subject to JPMorgan credit risk and limited liquidity.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Broadcom Inc. (AVGO), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, in $1,000 minimum denominations, are scheduled to mature on December 27, 2030.

Holders may receive a contingent interest rate of at least 12.00% per annum, paid monthly, but only for review dates when Broadcom’s share price is at or above 50.00% of the initial value. The notes are automatically called, with return of principal plus the applicable interest, if on certain review dates the share price reaches at least 110.00% of the initial value. If the notes are not called and the final share price is below the 50.00% trigger, investors lose principal in line with the stock’s decline and can lose their entire investment.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and are not bank deposits or FDIC insured. The preliminary estimated value is about $930.00 per $1,000 note and will not be less than $900.00, reflecting embedded costs and hedging. Key risks include equity market risk, issuer and guarantor credit risk, lack of liquidity, tax uncertainty, and the absence of dividends from Broadcom’s stock.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing digital buffered notes linked to the S&P 500 Index with a total offering size of $6,364,000.00. The notes pay a fixed Contingent Digital Return of 8.37% at maturity per $1,000 note if the index is at or above its initial level of 6,827.41, or down by no more than 10%. In that case, investors receive $1,083.70 per $1,000 note.

If the S&P 500 falls by more than 10%, investors lose principal at a leveraged rate of 1.11111% for each additional 1% decline, potentially losing their entire investment. The estimated value is $986.70 per $1,000 note, versus a price to the public of $1,000, reflecting selling commissions and hedging costs. The notes pay no interest or dividends, are unsecured obligations, are not FDIC insured, and are not listed on any exchange.

JPMorgan Chase Financial Company LLC is offering $1,102,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.50% per annum when, on a monthly Review Date, the Index is at or above 70% of its Initial Value. Starting December 14, 2026, the notes will be automatically called if, on certain Review Dates, the Index closes at or above its Initial Value, returning $1,000 per note plus the applicable interest.

If the notes are not called and, at maturity, the Index is below the 85% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 15% buffer, with up to 85% principal loss possible. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $904.10 per $1,000 note, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,000,000 of auto callable barrier notes linked to the Nasdaq‑100, Russell 2000 and S&P 500. Each note has a $1,000 minimum denomination and may be automatically called as early as December 16, 2026 if all three indices are at or above 100% of their initial levels, paying back principal plus a fixed call premium (from 12.50% to 31.25% depending on the call date).

If the notes are not called and, at final observation in December 2028, all indices are above their initial levels, holders receive uncapped exposure to the least performing index’s gain. If any index finishes between 70% and 100% of its initial level, principal is returned. If any index closes below 70% of its initial level, repayment is reduced one‑for‑one with the least performer, and principal losses can reach 100%.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange and have an estimated value of $950.50 per $1,000 at pricing, below the public offering price due to fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of UnitedHealth Group Incorporated, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on June 24, 2027 and have minimum denominations of $1,000.

Investors may receive a quarterly Contingent Interest Payment if the closing price of UnitedHealth stock on a Review Date is at least 65.00% of the Initial Value, with unpaid coupons potentially paid later if the barrier is later met. The notes are automatically called if, on any non-final Review Date, the stock closes at or above the Initial Value, in which case investors receive principal plus the applicable interest and any unpaid coupons.

If the notes are not called and the Final Value is below the Trigger Value, set at 65.00% of the Initial Value, repayment of principal is reduced one-for-one with the stock’s decline and investors can lose all of their investment. The issuer estimates that, if priced today, the notes would be valued at approximately $976 per $1,000 note and that the final Contingent Interest Rate will be at least 12.30% per annum.

JPMorgan Chase Financial Company LLC is offering $6,395,000 of auto callable accelerated barrier notes linked to the lesser performer of the Nasdaq-100® Technology Sector IndexSM and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, price at 100% of principal, and are expected to settle on or about December 17, 2025.

The notes can be automatically called as early as December 16, 2026 if both indices are at or above 100% of their initial values, paying principal plus a call premium of 13.75% on the first Review Date or 27.50% on the second. If not called and both final index levels are above their initial values, investors receive principal plus 2.00 times the return of the lesser-performing index; if either index finishes between 70% and 100% of its initial value, only principal is returned. If either index closes below 70% of its initial value at final valuation, repayment is reduced one-for-one with the loss in the lesser-performing index, with the possibility of a complete loss of principal.

The notes pay no interest, do not provide dividends on index constituents, and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $955.00 per $1,000 note, below the issue price, and the notes will not be listed, so any secondary market will be limited and at potentially discounted prices.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $4,166,000 of market-linked, auto-callable notes due December 15, 2028. Each security has a $1,000 principal amount and is linked to the lowest performing of the EURO STOXX 50 Index, the Russell 2000 Index and the Nasdaq-100 Technology Sector Index.

The notes can be automatically called on scheduled dates if the lowest performing index is at or above its starting level, paying back principal plus a call premium based on a simple return of approximately 16.10% per year, up to 48.300% if called on the final calculation day. If not called and the worst index finishes at or above 75% of its starting level, investors receive $1,000; if it finishes below 75%, repayment is reduced one-for-one with the index loss, which can mean losing more than 25%, up to all principal.

The price to the public is $1,000 per security, with estimated value at issuance of $956 and proceeds to the issuer of $4,058,725.50 after $107,274.50 in fees and commissions. The securities are not bank deposits, are not FDIC insured and involve complex risks, including issuer and guarantor credit risk and uncertain secondary market values.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers auto callable contingent interest notes linked separately to the Russell 2000 Index and the S&P 500 Index, maturing in December 2026. The notes can pay quarterly contingent interest at a rate expected to be at least 7.75% per annum if, on a Review Date, each index closes at or above 60% of its initial level. The notes are automatically called, returning principal plus that period’s interest, if on any non-final Review Date each index is at or above its initial value.

At maturity, if not called, investors receive principal plus the final contingent interest if no “Trigger Event” has occurred or if the lesser-performing index finishes at or above its initial value. If a Trigger Event occurs and the lesser-performing index ends below its initial value, repayment is reduced one-for-one with that index’s decline, and principal loss can be total. The notes are unsecured, will not be listed, have an estimated value below issue price due to fees and hedging costs, and do not pay dividends on the underlying indices.