Alerian MLP Index ETNs due January 28 2044 424B Filings

JPMorgan Chase Financial Company LLC is offering $1,677,000 of auto callable contingent interest notes linked to the lesser performing of Broadcom Inc. common stock and CoreWeave, Inc. Class A common stock, maturing in December 2026 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon at a 38.00% per annum rate ($31.6667 per $1,000) only if on a review date the price of one share of each stock is at or above 60.00% of its initial value; missed coupons can be paid later if the condition is met.

The notes can be automatically called starting March 11, 2026 if both stocks are at or above their initial values, returning $1,000 plus due coupons. If held to maturity and either stock finishes below 50.00% of its initial value, repayment is reduced in line with the lesser performing stock and investors may lose most or all principal.

The notes are unsecured, not FDIC insured, may have limited liquidity, and have an estimated value of $957.20 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions, with complex U.S. tax and potential withholding treatment.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Freeport-McMoRan Inc. The notes can pay contingent interest of at least $36.40 per $1,000 principal amount on each Review Date if Freeport-McMoRan’s share price is at or above 65.00% of the stock strike price, which is also the trigger level.

The notes may be automatically called on Review Dates starting April 10, 2026 if the stock closes at or above the strike price, in which case investors receive $1,000 plus the applicable contingent interest and any previously unpaid contingent interest. If the notes are not called and the final stock price on December 28, 2026 is below the trigger level, holders lose 1% of principal for every 1% the stock is below the strike, and could lose their entire investment.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are issued in minimum denominations of $10,000. An illustrative estimated value is approximately $976.30 per $1,000 principal amount, and the final estimated value and interest rate will be set on the pricing date, with the estimated value not less than $960.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering principal-at-risk structured notes linked to the least performing of three State Street sector SPDR ETFs: Consumer Staples (XLP), Energy (XLE) and Real Estate (XLRE), maturing on December 14, 2028. The notes can be automatically called as early as June 11, 2026 if all three ETFs close at or above 100% of their strike values, paying call premiums from at least 8.325% up to at least 49.95% of principal by the final review date.

Each ETF has a barrier set at 60% of its strike value, so if the notes are not called and any ETF finishes below its barrier, repayment at maturity is reduced one-for-one with the loss of the least performing fund and investors can lose more than 40% or even all of their principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are not listed on any exchange, and currently have an estimated value of about $970.60 per $1,000, with the final estimated value to be at least $940.00 per $1,000 when terms are set.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is issuing $1,723,000 of Auto Callable Buffered Return Enhanced Notes linked to the common stock of Uber Technologies, Inc., due December 16, 2027.

The notes can be automatically called on December 22, 2026 if Uber’s share price on the December 17, 2026 review date is at or above 100% of the initial value of $85.44, paying $1,188.00 per $1,000 note, an 18.80% premium. If not called and Uber’s final price is above the initial value, holders receive $1,000 plus 1.25 times the stock return at maturity; if the stock is flat or down by up to 15.00%, investors receive their $1,000 principal back.

If Uber’s final price is more than 15.00% below the initial value, principal is reduced point-for-point beyond the buffer and can fall to $150.00 per $1,000 note, meaning up to 85.00% of principal is at risk. The notes pay no interest, provide no Uber dividends, are unsecured obligations subject to the credit risk of both JPMorgan entities, and will not be listed, so liquidity may be limited. The price to public is $1,000 per note, while the estimated value at pricing was $972.10 after selling commissions and hedging-related costs.

JPMorgan Chase Financial Company LLC is offering $8,989,000 of market-linked securities tied to the lowest performer of the S&P 500 Index and Russell 2000 Index, maturing on December 23, 2026. Each $1,000 security pays no coupons and returns a variable amount at maturity based solely on the weaker index.

If the lowest index is at or above 90% of its starting level, investors receive their $1,000 principal plus a contingent fixed return of 9.10%, for a maximum payout of $1,091 per security. If the lowest index falls more than 10%, principal is reduced 1-to-1 beyond the 10% buffer, and investors can lose up to 90% of principal.

The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not FDIC insured, and are intended to be held to maturity with no exchange listing. The price to the public is $1,000 per security, with an estimated value of $972.90 after underwriting discounts, fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $500,000 of Auto Callable Buffered Equity Notes linked to the TOPIX® Index, in $10,000 minimum denominations. The notes are unsecured, unsubordinated obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on December 24, 2026 if the Index closes at or above the Initial Index Level of 3,357.24, paying $1,000 plus a 12.81% call premium per note. If not called and the Ending Index Level on the December 13, 2027 Valuation Date is at or above the Initial Index Level, investors receive uncapped upside with at least a 25.62% contingent minimum return at maturity on December 16, 2027.

If the notes are not called and the Index falls by up to 10.00%, principal is returned at maturity. Losses begin if the Index ends more than 10.00% below the Initial Index Level, with a 1.11111 downside leverage factor, so investors can lose some or all principal. The price to public is $1,000 per note, with an estimated value of $975.50, and the notes pay no interest or dividends and will not be listed on an exchange.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $4.19 million of Uncapped Buffered Return Enhanced Notes linked to the worst performer among the S&P 500 Index, the S&P 500 Equal Weight Index and the iShares S&P 500 Growth ETF, maturing on December 13, 2030. Each note has a $1,000 face amount, priced at $1,000 with estimated value of $973.50.

The notes provide 1.401x leveraged upside if all three underlyings finish above their strike values. Principal is fully protected only if the worst-performing underlying is not down more than the 25% buffer. Beyond that, losses accelerate at about 1.333x the decline beyond the buffer, and principal can be fully lost.

The notes pay no interest, do not pass through dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. They will not be listed on an exchange, and secondary market prices are expected to be below the issue price and driven by many market and credit factors.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if Meta’s closing share price is at or above 60.00% of the Initial Value, defined as both the Interest Barrier and the Trigger Value.

If on any non-final Review Date Meta’s share price is at or above the Initial Value, the notes are automatically called and investors receive $1,000 per note plus the applicable Contingent Interest Payment and any previously unpaid contingent interest, with no further payments. If the notes are not called and Meta’s Final Value is at or above the Trigger Value, investors receive $1,000 plus the final and any unpaid Contingent Interest Payments; if the Final Value is below the Trigger Value, repayment is reduced dollar-for-dollar with Meta’s decline and investors can lose a significant portion or all of their principal.

The hypothetical Contingent Interest Rate is shown as 10.20% per annum (2.55% per quarter), and the estimated value of the notes, if priced today, would be approximately $975.00 per $1,000 principal amount, and will not be less than $950.00 per $1,000 when set. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, may have limited or no liquidity, and involve complex tax and U.S. withholding considerations, especially for non-U.S. holders.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $11,803,000 of Medium-Term Notes, Series A, linked to the S&P 500® Index and maturing in September 2027. The notes pay no interest and return depends on index performance from the December 11, 2025 trade date to the September 20, 2027 determination date.

For each $1,000 note, investors get 1.6x upside on any positive index return, capped at a maximum payment of $1,212.80, if the index rises above the initial level. Principal is protected only if the index does not fall more than 12.5%; below that buffer, losses are amplified by a factor of about 1.1429, and investors can lose all their investment. The initial S&P 500® level is 6,901.00, the estimated value at pricing is $995.70 per $1,000 note, the notes are not listed, and all payments are subject to JPMorgan credit risk and complex, uncertain tax treatment.

JPMorgan Chase Financial Company LLC is offering $2,752,000 of structured yield notes linked to the common stock of Amazon.com, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a fixed coupon of 10.05% per annum, credited as $8.375 per $1,000 note each month, from December 2025 to maturity on December 16, 2026. At maturity, if Amazon’s stock is at or above the Trigger Value of $161.196 (70% of the Initial Value of $230.28), investors receive their $1,000 principal plus the final interest payment. If the stock closes below the Trigger Value, principal is reduced one-for-one with the stock loss, so more than 30% and up to all principal can be lost.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor, and will not be listed on an exchange. The price to the public is $1,000 per note, including $10 in selling commissions, while the issuer’s estimated value is $984.60 per $1,000 note, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the VanEck Vectors® Oil Services ETF (OIH). The notes pay a Contingent Interest Payment of at least $25.00 per $1,000 principal on each Review Date if the ETF’s price is at or above the Interest Barrier, set at $168.08121, which equals 56.10% of the Share Strike Price of $299.61 as of the Strike Date. Missed interest can be paid later if the barrier is met on a subsequent Review Date.

The notes are automatically called if the ETF closes at or above the Share Strike Price on any non-final Review Date, paying $1,000 plus the applicable Contingent Interest Payment and any unpaid prior Contingent Interest Payments. If the notes are not called and the Final Share Price is below the Trigger Level (the same as the Interest Barrier), investors lose 1% of principal for each 1% decline from the Share Strike Price, potentially up to a total loss. All payments are subject to the credit risk of JPMorgan Financial and its guarantor, JPMorgan Chase & Co., and the estimated value at pricing is expected to be below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is issuing $8,147,000 of structured yield notes linked to the common stock of NVIDIA Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay interest at 11.35% per annum, or $9.4583 per $1,000 each month, from December 2025 to December 2026.

At maturity in December 2026, if NVIDIA’s closing price on the observation date is at least 60% of the initial price of $180.93, investors receive their full $1,000 principal per note plus the final interest payment. If NVIDIA’s price is below that 60% trigger, the repayment is reduced dollar-for-dollar with the stock decline, and investors can lose more than 40% and up to all of their principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both the issuer and guarantor, pay no NVIDIA dividends, and will not be listed on any exchange. The estimated value at pricing was $979.90 per $1,000, below the issue price, 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 Coinbase Global, Inc. The notes target investors seeking high contingent income rather than direct cryptocurrency exposure, with performance based on Coinbase’s stock, not on any specific digital asset.

The notes pay a contingent interest rate of at least 22.00% per annum (at least 1.83333% per month) for each Review Date where Coinbase’s closing share price is at or above 50.00% of the Initial Value, the Interest Barrier. No interest is paid for periods when the stock is below this level. Starting with the June 22, 2026 Review Date, the notes are automatically called if Coinbase’s stock is at or above the Initial Value, returning $1,000 per note plus the applicable interest and ending future payments.

If the notes are not called and the Final Value on June 21, 2027 is at or above 50.00% of the Initial Value, investors receive $1,000 plus the final contingent interest. If the Final Value is below 50.00%, repayment is reduced one-for-one with the stock decline, and investors can lose more than half, up to all, of their principal. The notes are unsecured obligations, and an indicative estimated value is about $974 per $1,000 principal amount, and will not be less than $900 when set, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is issuing $2,073,000 of unsecured Callable Contingent Interest Notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment at a rate of 10.35% per annum (0.8625% per month) only if on each Review Date all three indices close at or above 70% of their Initial Values, called the Interest Barriers.

The notes may be redeemed early at the issuer’s option on specified Interest Payment Dates starting March 16, 2026, in which case investors receive $1,000 per note plus any due contingent interest. If the notes are not redeemed and, on the final Review Date, any index closes below its Trigger Value (also 70% of Initial Value), investors lose principal in proportion to the decline of the worst index and could lose their entire investment. The price to public is $1,000 per note, while the estimated value at pricing is $980.90, reflecting embedded costs and hedging charges.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering principal-at-risk Auto-Callable Dual Directional Trigger PLUS linked to the iShares Bitcoin Trust ETF. Each note has a $1,000 stated principal amount and pays no interest.

If on the January 7, 2027 redemption observation date the ETF share price is at or above the initial share price, the notes are automatically redeemed for at least $1,272 per note (at least 127.20% of principal). If not redeemed and the ETF appreciates, maturity payment adds leveraged upside with a 150% participation rate.

If the ETF falls by up to 25%, investors receive principal plus an absolute positive return matching the decline, capped at $1,250. If the ETF closes below 75% of the initial share price at final valuation, repayment is $1,000 multiplied by the share performance factor, so investors can lose most or all of their principal. The notes are unsecured, not listed, and had an illustrative estimated value of about $947.70 per $1,000, not less than $920 on pricing.

JPMorgan Chase Financial Company LLC is offering $647,000 of auto callable contingent interest notes due September 16, 2027, linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 7.10% per annum contingent coupon (0.59167% per month) only for Review Dates when the closing level of each index is at least 70% of its initial level. They can be automatically called starting June 11, 2026 if, on an applicable Review Date (other than the first five and final), all three indices are at or above their initial levels, returning $1,000 per note plus the applicable coupon.

If the notes are not called and on the final Review Date any index ends below 65% of its initial level, principal is reduced in line with the negative return of the worst-performing index, up to a complete loss. The notes are unsecured, not FDIC-insured, may be hard to sell, and are sold at $1,000 per note with an estimated value of $957.10, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Capped Buffer GEARS linked to the S&P 500 Index with a total offering of $2,320,800 and a price of $10 per Security. These two-year notes, maturing on December 15, 2027, offer leveraged upside: if the index return is positive, investors receive principal plus 2.0x the index gain, capped at a 22.65% maximum gain.

If the index return is zero or negative but the final level stays at or above 90% of the initial level (a 10% buffer), principal is repaid at maturity. If the index falls below this downside threshold, repayment is reduced by 1% for each 1% decline beyond the 10% buffer, with losses of up to 90% of principal possible. The Securities pay no interest, provide no dividends, and all payments depend on the creditworthiness of JPMorgan entities.

The minimum investment is $1,000 (100 Securities), and the estimated value at pricing was $9.961 per $10 Security, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the S&P 500^® Index, maturing on December 31, 2026. The notes provide 2.00x any positive Index return, up to a Maximum Return of at least 11.20%, corresponding to a maximum payment at maturity of at least $1,112 per $1,000 note.

A 10.00% buffer protects principal against moderate Index declines, but if the Index falls by more than 10.00%, investors lose 1% of principal for each additional 1% drop, for up to a 90.00% loss at maturity. The notes pay no interest, provide no dividends from S&P 500 companies, are unsecured, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co.

The preliminary estimated value would be approximately $995.30 per $1,000 note, and will not be less than $970.00 per $1,000 when set, reflecting structuring and hedging costs. Key risks include capped upside, significant downside beyond the buffer, limited liquidity, issuer credit risk, and tax treatment that remains subject to confirmation and potential future regulatory changes.

JPMorgan Chase Financial Company LLC is offering principal-at-risk Jump Securities with an auto-callable feature due January 5, 2032, linked to the worst performer of the EURO STOXX 50, S&P 500 and TOPIX indices. The notes may be automatically redeemed on scheduled determination dates if each index closes at or above its initial level, paying an early redemption amount per $1,000 that starts at least at $1,130 and steps up by at least 3.25% per period to at least $1,747.50.

If not called and all final index values are at or above their initial levels, investors receive a maturity redemption payment of at least $1,780 per $1,000, corresponding to approximately 13.00% per year. If any index finishes below its initial level but all remain at or above 80% of initial (the downside threshold), only principal is returned. If any index ends below its downside threshold, repayment is reduced one-for-one with the worst index’s decline and can be zero.

The issue price is $1,000 per security, including a $30 selling commission and $5 structuring fee, for $965 in proceeds to the issuer. The preliminary estimated value is about $945.20 per $1,000, and will not be less than $910 at pricing. The securities are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not FDIC insured, and involve market, credit, liquidity, tax and conflict-of-interest risks described in the risk discussions.

JPMorgan Chase Financial Company LLC is offering auto‑callable structured “Review Notes” linked to the lesser performing of the Russell 2000 Index and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about December 18, 2025 and mature on December 23, 2030, in minimum denominations of $1,000.

The notes do not pay interest or dividends and expose holders to the credit risk of both the issuer and guarantor. Starting June 18, 2026, if on any Review Date the closing level of each index is at or above 100% of its initial level, the notes are automatically called for $1,000 plus a call premium that steps up from at least 5.50% to at least 55.00% of principal, ending the investment early. If not called, and on the final Review Date each index is at or above 75% of its initial level, investors receive principal back; otherwise, the payoff is $1,000 plus $1,000 times the return of the lesser performing index, so losses can exceed 25% and reach total principal loss. The estimated value is approximately $950 per $1,000 note and will not be less than $920.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index and maturing in December 2027. The notes are designed for investors seeking capped, unleveraged exposure to index gains or to the absolute value of modest index declines, with a Maximum Upside Return of at least 13.90% and a 15.00% downside buffer.

At maturity, investors receive $1,000 plus the Index Return, capped at a payment of at least $1,139.00 per $1,000 if the index rises, or plus the Absolute Index Return when the index is flat or down by up to 15.00%, for a maximum $1,150.00 per $1,000 in that scenario. If the index falls by more than 15.00%, principal is reduced one-for-one beyond the buffer, with losses up to 85.00% of principal. The notes pay no interest, do not provide dividends, are not FDIC insured or exchange-listed, and their value depends on the credit risk of the issuer and guarantor. If priced today, the estimated value would be about $962.50 per $1,000 principal amount, and the final estimated value will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the Nasdaq-100 Index®, EURO STOXX 50® Index and S&P 500® Index, scheduled to mature on January 3, 2031. The notes can be automatically called on review dates starting January 4, 2027 if each index closes at or above 100.00% of its initial level, returning the $1,000 principal per note plus a call premium that ranges from 10.00% to 55.00%, depending on the review date.

If the notes are not called and the final level of each index is at least 70.00% of its initial level, holders receive their $1,000 principal at maturity. If any index finishes below 70.00%, repayment is reduced based on the least performing index return, so investors will lose more than 30.00% of principal and could lose the entire $1,000.

The notes do not pay interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The price to public is $1,000 per note, while the estimated value would be approximately $932.40 per $1,000 note if priced on the indicated date and will not be less than $910.00 per $1,000 note, reflecting built-in selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering unsecured structured “review notes” linked to the least performing of the S&P 500 Equal Weight Index, the Russell 2000 Index and the State Street Energy Select Sector SPDR ETF. The notes run to December 17, 2029, in minimum denominations of $1,000.

The notes can be automatically called on scheduled review dates starting December 16, 2026 if each underlying is at or above its call value, repaying $1,000 plus a call premium that begins at least 12.55% and can reach at least 50.20% on the final review date. If never called and the least performing underlying finishes below 70% of its strike value, investors lose principal one-for-one with the decline and could lose their entire investment. The indicative estimated value is about $971.50 per $1,000 note and will not be less than $940 when terms are finalized.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing on July 6, 2028.

The notes can pay quarterly contingent coupons at a rate between 8.75% and 9.75% per year, but only if on a review date all three indexes close at or above 80.00% of their initial levels; if any index is below that barrier, no interest is paid for that quarter. Starting June 30, 2026, the notes are automatically called if on a review date all indexes are at or above their initial levels, returning $1,000 per note plus that period’s coupon.

If the notes are not called and on the final review date any index closes below 75.00% of its initial level, investors lose 1% of principal for each 1% decline in the worst-performing index and can lose their entire investment. The notes are unsecured, not listed on any exchange, and their estimated value would be about $953.70 per $1,000 (and at pricing will not be less than $930.00).

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of CrowdStrike Holdings, Inc. The notes pay a Contingent Interest Payment of at least $48.125 per $1,000 note on each Interest Payment Date if the CrowdStrike share price on the related Review Date is at or above an Interest Barrier set at 70% of the Initial Stock Price. Missed coupons can be made up later if a subsequent Review Date meets the barrier.

If on any non-final Review Date the CrowdStrike share price is at or above the Initial Stock Price, the notes are automatically called, and holders receive $1,000 plus the applicable interest and any unpaid prior interest. At maturity on December 31, 2026, if the notes are not called and the Final Stock Price is at or above the 70% Trigger Level, investors receive $1,000 plus applicable interest; if the Final Stock Price is below the Trigger Level, principal is reduced 1% for each 1% stock decline, up to total loss of principal. The notes are unsecured, not FDIC insured, and if priced today would have an estimated value of about $976.10 per $1,000, with a minimum estimated value at pricing of $960. For Non-U.S. Holders, a 30% U.S. withholding tax on Contingent Interest Payments is expected, subject to treaty relief, and Section 871(m) is expected not to apply, although the IRS could disagree.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the Nasdaq‑100® Technology Sector IndexSM, maturing on December 24, 2030. The notes can be automatically called on scheduled Review Dates starting December 23, 2026 if each index closes at or above 100% of its initial level, paying back principal plus a call premium that starts at 10.5% of principal and can reach at least 52.5% on the final Review Date.

If the notes are not called and each index finishes at or above a 70% barrier of its initial level, investors receive only their principal at maturity. If any index ends below its barrier, repayment falls in line with the worst index’s percentage loss and investors can lose more than 30% and up to all of their principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are expected to have an initial estimated value of about $950.90 per $1,000 principal (not less than $900 when set).

JPMorgan Chase Financial Company LLC is offering $3,110,000 of contingent income callable securities due December 14, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. These notes pay a contingent quarterly coupon of $25.75 per $1,000 (2.575%) only if, on each day in a quarter, the Nikkei 225, S&P 500 and Russell 2000 all close at or above 70% of their initial levels. If any index closes below its coupon barrier on any day in a period, no coupon is paid for that quarter.

JPMorgan may, at its discretion, redeem the notes on any coupon date (except the final one) for $1,000 plus any due coupon. If the notes are not redeemed and, at maturity, every index is at or above 65% of its initial level, investors receive $1,000 per note (plus the final coupon if the barrier is met throughout the last period). If any index is below its downside threshold at maturity, the payoff is reduced 1-for-1 with the worst index and can fall to zero, meaning a full loss of principal. The securities are unsecured, will not be listed on an exchange, and had an estimated value of $951.20 per $1,000 on the pricing date, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $2,138,000 of Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on December 15, 2032. Each note has a $1,000 denomination and pays no interest.

The notes may be automatically called on December 16, 2026 if the index is at or above the Call Value, returning $1,000 plus a $167.50 call premium per note. If not called and the index is above its initial level at maturity, holders receive 2.0x the index gain; if the index is between 70% and 100% of its initial level, only principal is repaid. If the index finishes below 70% of its initial level, principal loss is 1:1 with the index decline and can reach a total loss.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The estimated value at pricing was $964.10 per $1,000 note, below the issue price, reflecting selling commissions, hedging costs and issuer funding assumptions, and secondary market liquidity may be limited.

JPMorgan Chase Financial Company LLC is issuing $319,000 of 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 14, 2026 if the Index closes at or above 100% of its initial level, paying $1,000 plus a preset Call Premium Amount per note.

If the notes are never called, investors receive full principal at maturity in December 2032 only if the Index has fallen by no more than 20%. If it is down by more than 20%, the payoff is reduced dollar-for-dollar with Index losses beyond that buffer, and investors can lose up to 80% of principal. The Index includes a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance. The notes pay no interest or dividends, are unsecured obligations, and priced at $1,000 per note with an estimated value of $901.40.

JPMorgan Chase Financial Company LLC is offering two series of Trigger Autocallable Contingent Yield Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co. One $1,464,000 issuance is linked to the Class A common stock of Snap Inc., and another $1,872,000 issuance is linked to the Class B common stock of United Parcel Service, Inc.; both are scheduled to mature on December 14, 2026 unless called earlier.

The Snap-linked Notes pay a potential contingent coupon at a rate of 17.25% per annum with an Initial Value of $7.92 and a Downside Threshold and Coupon Barrier of $3.96 (50.00% of the Initial Value. The UPS-linked Notes pay a potential contingent coupon at 11.50% per annum with an Initial Value of $96.97 and a Downside Threshold and Coupon Barrier of $67.88 (70.00% of the Initial Value). Coupons are paid only if the underlying stock closes at or above its Coupon Barrier on quarterly Observation Dates, and the Notes are automatically called if the underlying closes at or above its Initial Value.

If the Notes are not called and the Final Value is at or above the Downside Threshold, investors receive their principal plus the applicable final coupon; if the Final Value is below the Downside Threshold, repayment is reduced in proportion to the stock’s decline, and investors can lose a significant portion or all of their principal. The Notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not insured by any governmental agency, will not be listed on an exchange, and have complex U.S. federal income tax treatment, with contingent coupons expected to be treated as ordinary income.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $250,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Palantir Technologies Inc., maturing on June 15, 2027. The notes are issued in $1,000 denominations at a price to public of $1,000, with selling fees of $22.25 per note and net proceeds of $977.75 per note. They pay a contingent coupon of $16.2917 per month per $1,000 (a 19.55% per annum rate) only if Palantir’s share price on a review date is at or above 60% of the initial value of $187.91. The notes are automatically called, starting March 10, 2026, if Palantir’s share price on an eligible review date is at or above the initial value, returning $1,000 plus that period’s coupon.

If the notes are not called and Palantir’s final share price is at or above 50% of the initial value, investors receive $1,000 plus the final coupon; if it is below 50%, repayment is reduced one-for-one with the stock’s loss, and investors can lose most or all principal. The estimated value at pricing was $956.40 per $1,000, below issue price, and investors bear JPMorgan credit risk and limited liquidity, with no stock dividends or voting rights.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, maturing on December 15, 2027. The notes can pay a quarterly contingent coupon of at least 8.85% per annum (at least $22.125 per $1,000) if on a Review Date each index is at or above 75.00% of its initial level. Beginning with the June 9, 2026 Review Date, the notes are automatically called if all three indexes are at or above their initial levels, returning $1,000 plus the applicable coupon.

If the notes are not called and on the final Review Date any index closes below 75.00% of its initial level, principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose more than 25% and up to all of their investment. The notes pay no fixed interest, offer no participation in index gains or dividends, and are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co. The preliminary estimated value is approximately $960 per $1,000 note and will not be less than $940.

JPMorgan Chase Financial Company LLC is offering unsecured “Review Notes” linked to the least performing of the S&P 500® Equal Weight Index, the Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as December 16, 2026 if each underlying is at or above its Call Value, paying back $1,000 per note plus a Call Premium Amount starting at at least 12.55% of principal and rising to at least 50.20% on the final Review Date. If not called, investors receive principal at maturity only if each underlying finishes at or above 70.00% of its Strike Value; otherwise, the payoff is reduced one-for-one with the decline of the least performing underlying, and investors can lose more than 30% and up to all of their capital. The notes pay no interest or dividends, have minimum denominations of $1,000, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $971.50 per $1,000 note and will not be less than $940.00 when finalized.

JPMorgan Chase & Co. is offering callable step-up fixed rate notes maturing on December 23, 2043. The notes pay annual interest in arrears each December 23 at fixed rates that increase over time: 5.30% per annum from December 23, 2025 to December 23, 2031, 5.40% per annum from December 23, 2031 to December 23, 2037, and 5.50% per annum from December 23, 2037 to December 23, 2043.

Beginning September 23, 2028, and then on the 23rd of March, June, September and December through September 23, 2043, the issuer may redeem the notes at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. In a resolution of JPMorgan Chase & Co. under U.S. bankruptcy or Title II proceedings, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes.

The indicative price to the public is $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts paying between $955.10 and $1,000. If priced on the indicated date, selling commissions would be approximately $20.50 per $1,000 principal amount, not to exceed $50.00 per $1,000. The issuer’s tax counsel expects the notes to be treated as step-up fixed-rate debt instruments issued without original issue discount.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,015,000 of market-linked, principal-at-risk notes tied to the lowest performing of the S&P 500® Index and the EURO STOXX 50® Index, maturing December 14, 2028. Each security has a $1,000 principal amount.

The notes pay no interest and do not guarantee full principal repayment. They may be automatically called on December 15, 2026 if the lowest performing index is at or above its starting level, in which case investors receive $1,174.00 per security (a 17.40% call premium). If not called, at maturity investors get upside equal to 150% of any index gain, full principal back if the lowest index stays at or above 75% of its starting level, and one-for-one losses if it falls below that threshold, potentially losing all principal. The estimated value at pricing was $957.70 per $1,000 security, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is offering $3,740,000 of Uncapped Accelerated Barrier Notes due December 14, 2028, linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index. At maturity, investors earn 1.78 times any positive return of the worst-performing index, with no cap, if all three finish at or above their initial levels.

If any index finishes below its initial level but all stay at or above 70% of their initial levels, investors receive only their principal back. If any index closes below 70% of its initial level, principal is reduced 1% for each 1% decline of the least performing index, down to a possible total loss. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not FDIC insured. The price to public is $1,000 per note, while the estimated value at pricing is $981.40.

JPMorgan Chase & Co. is offering $2,000,000 of callable fixed rate notes due December 12, 2030. The notes pay interest at a fixed rate of 4.25% per annum, calculated on a 30/360 day count basis, with interest paid annually on December 12, starting December 12, 2026, and at maturity.

JPMorgan may redeem the notes early, in whole but not in part, on June 12 and December 12 of each year from December 12, 2027 through June 12, 2030 at par plus accrued interest. At maturity, if not previously called, investors receive the principal plus any accrued and unpaid interest. The price to the public is $1,000 per note, with $2.50 per $1,000 in selling commissions, resulting in issuer proceeds of $1,995,000 before costs.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any government agency. The disclosure highlights that in a resolution scenario, claims on these notes would be structurally and contractually junior to creditors of JPMorgan’s subsidiaries, and investors are directed to detailed risk and tax discussions in the accompanying documents.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured "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 23, 2026 if the Index closes at or above 100% of its initial level, paying back $1,000 plus a call premium of at least 22.75% of principal on the first Review Date and up to at least 113.75% on the final Review Date.

If not called, principal is protected only down to a 15.00% buffer; beyond that, investors lose 1% of principal for each 1% Index decline below the buffer, for a maximum loss of 85.00%. The Index incorporates a 6.0% per annum daily deduction and a notional financing cost, which drag on performance, and the notes pay no interest or dividends. The estimated value is about $911.80 per $1,000 note at launch (not less than $900), and the notes carry the credit and liquidity risks of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering callable Contingent Interest Notes due December 24, 2030, linked to the least performing of the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index. Investors receive a Contingent Interest Payment only for Review Dates when each index closes at or above 70% of its Initial Value, the Interest Barrier.

The notes can be redeemed early at the issuer’s option on certain Interest Payment Dates starting June 25, 2026. If held to maturity and any index finishes below its 70% Trigger Value, the payoff is reduced dollar-for-dollar with the index loss, and investors can lose all principal. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The minimum denomination is $1,000, and the estimated value would be about $949.60 per $1,000 note if priced on the example date, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase & Co. is offering $5,300,000 of Callable Step-Up Fixed Rate Notes due December 12, 2035. These senior unsecured notes pay fixed interest annually, starting at an interest rate of 4.50% per annum from December 12, 2025 to December 12, 2029, stepping up to 5.00% per annum to December 12, 2032 and 6.00% per annum to December 12, 2035.

The notes are issued in $1,000 denominations, with interest paid each December 12 and principal repayable at maturity if the notes have not been called. Beginning December 12, 2027, and on each June 12 and December 12 through June 12, 2035, JPMorgan may redeem all (but not part) of the notes at par plus accrued interest.

The pricing uses a 30/360 day count, a following business day convention, and provides proceeds to JPMorgan Chase & Co. of $5,236,750 after $63,250 in fees and commissions. The notes are not bank deposits, are not FDIC insured and are subject to issuer credit risk, including potential losses in a resolution scenario described under U.S. resolution and Dodd-Frank frameworks.

JPMorgan Chase & Co. is offering $2,000,000 of callable fixed-rate notes due December 12, 2040, paying 5.35% interest per year on the $1,000 minimum denomination.

Interest is paid annually in arrears on December 12 of each year, starting December 12, 2026, using a 30/360 day count. Beginning March 12, 2028, and then on the 12th of March, June, September and December through September 12, 2040, the issuer may redeem all of the notes at par plus accrued interest.

The notes are issued at $1,000 per note, with selling commissions of $6.50 per $1,000 and total proceeds to the issuer of $1,987,000. They are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, are not FDIC insured, and in a resolution scenario would rank behind creditors of its subsidiaries.

J.P. Morgan’s Kronos US Equity (JPUSKRSP) Index is a rules-based strategy that provides dynamic exposure to the S&P 500 Price Index using three main effects: turn-of-month seasonality, momentum around monthly options expiry and mean reversion into month-end. The Index can shift between 50%, 100% and 150% leveraged long exposure to the S&P 500 depending on price moves versus prior month-end and prior options expiry levels.

The Index is subject to a daily fee of 0.35% per annum and, when leverage is used, a notional financing cost based on the Effective Federal Funds Rate. Materials emphasize that most performance shown from 1954 to 2025 is hypothetical backtested data, not actual tradable history, and that past or simulated returns are not indicative of future results. Key risks include limited live operating history, potential underperformance versus the S&P 500, sensitivity to strategy assumptions and JPMorgan affiliates’ roles as index sponsor and calculation agent.

J.P. Morgan’s Efficiente® Plus DS 5 Index (Net ER) is a rules-based index that allocates across 20 ETFs and a cash index using a momentum and volatility-targeting approach. It rebalances monthly into the basket with the strongest prior 6‑month performance, subject to a 5% historical volatility threshold and concentration limits, and then adjusts daily exposure to target 5% annualized volatility. The Index deducts a 0.85% per annum fee and a notional 3‑month cash financing cost, so it is calculated on an excess return basis.

From November 2015 through November 2025, the Index showed a 10‑year annualized return of 0.99% with 10‑year annualized volatility of 5.72% and a Sharpe Ratio of 0.17. Over the same period, a Domestic 30/70 Portfolio (ER) had a 3.25% annualized return with 6.34% volatility and a Sharpe Ratio of 0.51, while a Global 30/70 Portfolio (ER) had a 1.82% annualized return with 6.18% volatility and a Sharpe Ratio of 0.29. Recent monthly allocations have included sizable weights to the cash index, investment‑grade bonds and selected equity ETFs. The material emphasizes that historical and backtested results are not indicative of future performance and outlines numerous risks, including strategy, volatility, correlation, ETF tracking and market risks.

JPMorgan Chase & Co. is offering $7,975,000 of callable fixed rate notes due December 12, 2040. The notes pay fixed interest at 5.15% per annum, with interest paid yearly on December 12, starting in 2026, using a 30/360 day count.

Beginning December 12, 2027, and every June 12 and December 12 thereafter to June 12, 2040, the issuer may redeem all of the notes at par plus accrued interest. Each note has a $1,000 principal amount and was sold at $1,000, with per‑note fees and commissions of $19.514, resulting in issuer proceeds of $980.486 per $1,000, or $7,819,375 in total.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits or FDIC‑insured, and would rank behind creditors of its subsidiaries in a resolution. Holders could face losses in a Title I or Title II “single point of entry” resolution strategy. The notes are intended for investors able to hold to maturity and accept the associated credit and market risks.

JPMorgan Chase & Co. is offering long-dated callable fixed-rate notes paying 5.80% per year and maturing on December 23, 2055. Interest is paid annually on December 23, starting in 2026, using a 30/360 day count convention.

The notes are callable at JPMorgan’s option at par plus accrued interest on June 23 and December 23 of each year, beginning December 23, 2027 and ending June 23, 2055, so investors face reinvestment risk if the notes are redeemed early.

The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured. In a resolution scenario under the firm’s single point of entry recapitalization strategy, losses would be borne first by shareholders and then by unsecured creditors, including holders of these notes, after claims of priority and secured creditors.

The public offering price per $1,000 note will generally range from $925.10 to $1,000 for certain institutional or fee-based accounts, and selling commissions would typically be about $4.00 per $1,000 note and will not exceed $50.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Review Notes linked to the iShares Bitcoin Trust ETF (IBIT) that can be automatically called early if the ETF’s price on a Review Date is at or above the initial level. Investors receive $1,000 per note plus a call premium if called, with minimum premiums of 28.15%, 56.30% or 84.45% at the first, second and final Review Dates, respectively.

If the notes are not called and the ETF’s final price is at or above 50% of the initial level, investors receive only their principal back at maturity. If it falls below that 50% barrier, repayment is reduced one-for-one with the ETF’s loss, and investors can lose more than half, up to all, of their principal. The notes pay no interest, have a minimum denomination of $1,000, are not FDIC insured, and carry both JPMorgan credit risk and the substantial volatility and regulatory risks associated with bitcoin exposure.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes linked to the least performing of the S&P 500 Index, the Dow Jones Industrial Average and the VanEck Semiconductor ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Holders may receive monthly Contingent Interest Payments at a rate of at least 13.00% per annum if on each Review Date all three underlyings are at or above 70.00% of their Initial Values. If any underlying is below this barrier on a Review Date, no interest is paid for that period.

The notes are callable at the issuer’s option on specified Interest Payment Dates starting March 19, 2026. At maturity in November 2027, if the notes have not been redeemed early and each underlying finishes at or above its 70.00% Trigger Value, investors receive principal plus the final contingent coupon. If any underlying finishes below its Trigger Value, repayment is reduced one-for-one with the decline of the least performing underlying, and investors can lose a significant portion or all of their principal.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Buffered Digital Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the Nasdaq-100 Index, fully guaranteed by JPMorgan Chase & Co. The notes mature on December 15, 2028 and are issued in $1,000 minimum denominations.

At maturity, if every index finishes at or above its initial level, investors receive $1,000 plus the greater of a contingent digital return of at least 35.00% or the actual return of the least performing index. If all index declines are within a 20.00% buffer, principal is returned. If any index falls by more than 20.00%, investors lose 1% of principal for each percentage point beyond the buffer, up to an 80.00% loss.

The notes pay no interest or dividends, are unsecured and not FDIC insured, and their value is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is approximately $975.70 per $1,000 note, and the final estimated value at pricing will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, due December 28, 2032, in $1,000 denominations. The notes can be automatically called as early as March 29, 2027 if the Index is at or above its initial level, paying back $1,000 plus a call premium based on a rate of at least 20%; at that rate, the first review could pay about $1,250.79 and the final review about $2,396.03 per $1,000.

If the notes are not called and the Index is at or above 60% of its initial level at final observation, investors receive only their principal back. If it finishes below 60%, repayment is reduced one-for-one with the Index loss, so more than 40% and up to all principal can be lost. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on leveraged exposure to the QQQ Fund, which drags on returns and can magnify losses. The notes pay no interest or dividends, are not listed, and an indicative estimated value is about $919.80 per $1,000, with the final estimated value not less than $900.00, both below the issue price.