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

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.

JPMorgan Chase Financial Company LLC is offering principal-at-risk Contingent Income Auto-Callable Securities linked to the worst performer of the Russell 2000, S&P 500 and Nikkei 225 indices. Each $1,000 security pays a contingent quarterly coupon of at least $31.50 (at least 3.15%) only if all three indices stay at or above 75% of their initial levels on every day of the relevant quarter. If on any determination date before maturity all three indices are at or above their initial levels, the notes are automatically redeemed at $1,000 plus any due coupon. At maturity on December 23, 2027, investors receive $1,000 (plus a final coupon if conditions are met) only if each index is at or above its downside threshold; otherwise the payoff is reduced 1‑for‑1 with the worst index and can fall to zero. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of approximately $957.30 per $1,000 security, not less than $930.00, and will not be listed on any exchange.

JPMorgan Chase & Co. is offering callable fixed-rate notes due December 21, 2029. The notes pay interest annually at a fixed rate of 4.20% per annum, using a 30/360 day count, with interest payable each December 23 starting in 2026 and on the maturity date, if the notes have not been called.

Beginning December 23, 2027, and then on the 23rd day of March, June, September and December through September 23, 2029, JPMorgan may redeem the notes in whole at par plus accrued interest. The notes are unsecured obligations of JPMorgan Chase & Co., rank junior to creditors of its subsidiaries, are not bank deposits and are not insured by the FDIC or any government agency. The disclosure highlights that in a resolution scenario under U.S. bankruptcy or Title II of the Dodd-Frank Act, holders of these notes could face losses and recover only after priority and secured creditors.

JPMorgan Chase & Co. is offering $2,100,000 of callable fixed rate notes due December 12, 2033. These senior notes pay interest annually at a fixed rate of 4.55% per annum, using a 30/360 day count, with payments on December 12 of each year starting December 12, 2026, as long as the notes remain outstanding.

Beginning December 12, 2027, and on the 12th of March, June, September and December through September 12, 2033, JPMorgan may redeem the notes in whole at par plus accrued interest. If not called, investors receive principal plus accrued interest at maturity.

The notes are priced at $1,000 per $1,000 principal amount for most investors, with total price to the public of $2,099,190 and issuer proceeds of $2,081,150 after fees. They are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any government agency. The documents highlight resolution and bankruptcy risks, and investors are directed to detailed risk and tax discussions in the accompanying materials.

JPMorgan Chase Financial Company LLC is issuing $520,000 of Buffered Digital Notes linked to the Nasdaq-100® Technology Sector IndexSM, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed 10.40% return at maturity on January 14, 2027 if the least performing index is at or above its initial level, or down by no more than the 15.00% buffer.

If any index falls by more than 15.00%, repayment is reduced on a one-for-one basis beyond the buffer, and investors can lose up to 85.00% of principal. The price to the public is $1,000 per note, with an estimated value of $981.00 per $1,000 at pricing, reflecting selling commissions and hedging costs. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not expected to be listed, which may limit liquidity.

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 Pinterest, Inc. The notes pay a monthly Contingent Interest Payment of at least $13.1667 per $1,000 (a rate of at least 15.80% per annum) for any Interest Review Date on which Pinterest’s closing share price is at or above the Interest Barrier of $16.674, which is 60.00% of the Strike Value of $27.79 set on December 10, 2025.

The notes can be automatically called on specified quarterly dates starting June 10, 2026 if Pinterest’s share price is at or above the Strike Value, in which case investors receive $1,000 plus the applicable contingent interest and the notes terminate early. If the notes are not called and the final Pinterest price on December 11, 2028 is below the Trigger Value of $13.895 (50.00% of the Strike Value), investors lose 1% of principal for each 1% decline from the Strike Value and can lose all principal. The notes are unsecured, not listed, subject to JPMorgan credit risk and have an estimated value initially below the $1,000 price, with an example estimate of $957.10 per note and a minimum of $920.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Review Notes linked to the MerQube US Tech+ Vol Advantage Index, designed to provide an automatic early call at a premium if the index closes at or above a set call level on scheduled review dates.

The notes have a price to public of $1,000 per note, an expected maturity on January 13, 2033, and may be automatically called as early as April 14, 2027, paying back principal plus a call premium based on a rate of at least 20.00%. If the notes are not called and the final index level is below 60% of the initial level, investors lose principal in line with the index decline and can lose their entire investment. The index embeds a 6.0% per annum daily deduction and a notional financing cost, which both act as a drag on performance, and the estimated value of the notes is indicated at about $919.10 per $1,000 principal amount.

JPMorgan Chase & Co. is offering $9,600,000 of callable fixed rate notes due December 12, 2045. The notes pay fixed interest at 5.30% per annum, with interest paid yearly in arrears on December 12, beginning in 2026, using a 30/360 day count convention. At maturity, investors receive the principal plus any accrued and unpaid interest if the notes have not been redeemed earlier.

Starting December 12, 2028, and on June 12 and December 12 each year through June 12, 2045, JPMorgan may redeem all (but not part) of the notes at par plus accrued interest. The price to the public is $1,000 per note, with selling commissions of $27.375 per $1,000, resulting in $9,337,200 in proceeds to the issuer. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits and are not insured by the FDIC or any other governmental agency, and in a resolution scenario investors rank behind creditors of JPMorgan’s subsidiaries.

JPMorgan Chase & Co. is offering callable zero coupon notes due December 23, 2050. Each note has a $1,000 principal amount but is initially sold at $222.638, with no periodic interest payments. Instead, the value of each note increases over time at a 6.10% annual yield, compounded semiannually on a 30/360 basis, reaching 100% of principal at maturity if not earlier redeemed.

Starting December 23, 2027 and every June 23 and December 23 thereafter through June 23, 2050, JPMorgan may redeem all outstanding notes at the applicable Accreted Principal Amount, as shown in the accretion schedule (for example, $251.068 per $1,000 on December 23, 2027 and $970.403 on June 23, 2050). In an event of default, the payment is also limited to the Accreted Principal Amount on the acceleration date.

The notes are unsecured obligations of JPMorgan Chase & Co. and are structurally subordinated to liabilities of its subsidiaries. Under U.S. resolution frameworks, losses could be imposed on noteholders ahead of subsidiary creditors, and recoveries may be limited. Estimated selling commissions are about $7.792 per $1,000 note (3.50% of the price to public) and will not exceed $11.132 (5.00%).

JPMorgan Chase Financial Company LLC is issuing $1,492,000 of index-linked Review Notes tied to the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes can be automatically called as early as December 11, 2026 if each index closes at or above its Call Value on a Review Date, paying $1,000 principal plus a fixed Call Premium that steps up from $81.00 to $405.00 per $1,000 note depending on the call date. If the notes are not called, investors receive full principal at maturity only if the Final Value of the Least Performing Index is at or above its Barrier Amount; if any index finishes below its Barrier Amount, the payoff is reduced by 1% for every 1% decline of the Least Performing Index from its Initial Value, which can result in loss of the entire principal.

The notes pay no 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 any exchange. The price to public is $1,000 per note, while the estimated value at pricing is $942.20 per $1,000 note, reflecting embedded selling, structuring and hedging costs and implying secondary market values below the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Barrier Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on January 22, 2027. The notes are designed to pay a fixed return of at least 9.50% at maturity per $1,000 note if the final level of each index is at or above 70.00% of its initial level, called the Barrier Amount.

If any index closes below its Barrier Amount on the observation date, investors lose 1% of principal for each 1% decline of the least performing index from its initial level and can lose their entire investment. The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on an exchange, so liquidity will depend on J.P. Morgan Securities LLC making a market. The preliminary estimated value is about $983.50 per $1,000 note and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the MerQube US Tech+ Vol Advantage Index, a leveraged, volatility-targeting index tied to the Invesco QQQ Trust. The notes can be automatically called as early as March 29, 2027 if the index closes at or above a set call level, paying back principal plus a call premium based on a rate of at least 23.50% per year on a $1,000 denomination.

If not called, holders receive an uncapped leveraged payoff at maturity, with a 3.00x upside participation in index gains. Principal is protected only down to a barrier at 50.00% of the initial index level; if the index finishes below this barrier, losses increase one-for-one with the index decline and can reach 100% of principal.

The index performance is reduced every day by a 6.0% per annum deduction and a notional financing cost, which drag on returns and cause it to lag an equivalent index without these charges. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, and their estimated value at launch is indicated to be below the $1,000 price due to embedded costs and dealer compensation.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 7-year non-call 15-month auto callable accelerated barrier notes linked to the MerQube US Tech+ Vol Advantage Index, which references the Invesco QQQ Trust with dynamic leverage up to 500% and a 6.0% per annum daily index deduction plus a notional financing cost. The notes have a $1,000 minimum denomination and an estimated value that will not be less than $900 per $1,000 principal amount.

The notes may be automatically called on scheduled Review Dates from March 29, 2027 through March 21, 2029 if the Index is at or above the Call Value, paying $1,000 plus a call premium based on a Call Premium Rate of at least 23.50%. If not called and the Final Index Value is above the Initial Value, investors receive $1,000 plus three times the Index return. If the Final Value is between 50.00% and 100.00% of the Initial Value, principal is returned; if it falls below the 50.00% Barrier Amount, losses exceed 50.00% and principal can be completely lost. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the product carries significant market, leverage, liquidity and tax risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes tied to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index. The notes are scheduled to price on or about December 29, 2025, settle on or about December 31, 2025, and mature on January 3, 2031.

At maturity, if each index finishes at or above its initial level, investors receive $1,000 plus the greater of a contingent digital return of at least 60.00% or the actual return of the least performing index. If any index is below its initial level but all are at or above 70.00% of initial (the barrier), investors receive only their principal back. If any index ends below its 70.00% barrier, repayment is reduced 1% for every 1% decline in the least performing index, down to a possible total loss.

The notes pay no interest, provide no dividends from the underlying stocks, and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is approximately $946.50 per $1,000 note and will not be less than $920.00 when terms are set, reflecting embedded selling, structuring and hedging costs and likely lower secondary-market values.

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 S&P 500 Index, maturing in December 2028. Each note has a $1,000 denomination and may be automatically called on scheduled review dates starting in December 2026 if all three indices are at or above their initial levels, paying back $1,000 plus a call premium of at least 7.60%, 15.20% or 22.80% depending on the call date.

If the notes are not called, investors have a 20% downside buffer at maturity and can earn a capped return up to 20% based on the absolute decline of the worst-performing index within that buffer. If any index falls by more than 20%, principal is reduced 1% for each percentage point beyond the buffer, up to an 80% loss. The notes pay no interest or dividends and are unsecured, with an indicative estimated value of about $952.60 per $1,000 note, no lower than $900 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable buffered equity notes linked to the TOPIX® Index. Each note has a $1,000 denomination and a term of about two years, with the potential for early redemption after roughly one year.

If, on the Review Date, the TOPIX closing level is at or above the Initial Index Level, the notes are automatically called and pay $1,000 plus a call premium of at least 12.81%. If not called and the Ending Index Level is at or above the Initial Index Level, investors receive $1,000 plus the greater of the actual Index Return or a Contingent Minimum Return of at least 25.62%, giving minimum repayment of $1,256.20 per $1,000 note under those conditions.

If the Ending Index Level is below the Initial Index Level but not by more than the 10.00% buffer, investors receive full principal back at maturity. Below that buffer, principal is lost at a Downside Leverage Factor of 1.11111 for each additional 1% decline, so substantial losses are possible. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and are expected to have an estimated value around $976.10 per $1,000 at pricing, not less than $960.00.