JPMorgan Chase & Co. 424B Filings

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked to the Nasdaq-100 Index®, the Russell 2000® Index and the SPDR® S&P® Regional Banking ETF, maturing August 24, 2029 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Payment for any Review Date on which each underlying closes at or above 70% of its Initial Value (the Interest Barrier). From the sixth Review Date onward, the notes are automatically called if each underlying is at or above its Initial Value, returning $1,000 plus the applicable contingent interest, ending further payments.

If not called, and on the final Review Date any underlying finishes below 60% of its Initial Value (its Trigger Value), principal is reduced 1% for each 1% decline of the least performing underlying, potentially to zero. Pricing is in $1,000 denominations; a sample estimated value is $952.50 per $1,000, and the final estimated value will not be less than $900. Investors forgo dividends, accept issuer and guarantor credit risk, limited upside to coupon income and the possibility of no interest or substantial principal loss.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $9,585,000 of Medium-Term Notes, Series A, “Digital Equity Notes due 2028” linked to the S&P 500® Index. The notes pay no interest and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

For each $1,000 note, if the S&P 500 final level on February 11, 2028 is at least 90.00% of the initial level of 7,728.20, holders receive a fixed threshold settlement amount of $1,126.50, implying a capped return of 12.65%. If the index falls more than 10%, principal is lost on a leveraged basis (about 1.1111% loss for each 1% decline beyond the 10% buffer), down to a total loss if the index falls to zero.

The original issue price is 100.00% of principal, with an underwriting commission of 1.51% and net proceeds of 98.49%. The issuer’s estimated value is $980.60 per $1,000 at pricing, reflecting selling, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, have no listing, and may have limited or no secondary market liquidity.

JPMorgan Chase & Co. (JPM), as guarantor of JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes due August 23, 2029, linked individually to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index. The notes pay a Contingent Interest Payment only if on a Review Date each index closes at or above 70% of its Initial Value (the Interest Barrier), with a Contingent Interest Rate of at least 8.50% per annum. The notes may be automatically called as early as August 20, 2027 if on a relevant Review Date each index is at or above its Initial Value, returning $1,000 per note plus the applicable interest and ending further payments.

If the notes are not called and, at maturity, the least performing index is at or above 70% of its Initial Value, investors receive $1,000 plus the final Contingent Interest Payment. If the least performing index finishes below 70%, repayment is reduced one-for-one with the index loss, potentially down to $0 principal. The minimum denomination is $1,000, selling commissions are capped at $28 per $1,000, and the indicative estimated value is about $950.60 per $1,000, not less than $900 at pricing, reflecting embedded costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and will not be listed, so liquidity may be limited.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 29, 2031, in $1,000 minimum denominations and fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors receive contingent interest only if the Index on a Review Date is at least 68.50% of the Initial Value; missed coupons can be paid later if the barrier is met. Notes are automatically called (no earlier than August 26, 2027) if the Index is at or above the Initial Value on specified Review Dates.

If not called and the Final Value is below the 85.00% Buffer Threshold, principal is reduced 1:1 beyond a 15.00% buffer, with up to 85.00% loss of principal. The underlying Index uses leverage (up to 500% exposure) and embeds a 6.0% per annum daily deduction plus a daily notional financing cost, which drag on performance.

The estimated value is currently about $914.80 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling costs and internal funding/hedging assumptions. The notes are not listed, involve the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and may be subject to 30% U.S. withholding on contingent interest for many non‑U.S. holders.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 26, 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment only if the Index is at or above 80% of the Initial Value on the relevant review date, with a Contingent Interest Rate of at least 20.60% per annum. The notes are automatically called quarterly if the Index is at or above its Initial Value, first possible on August 23, 2027; on call, investors receive principal plus that period’s interest only.

If not called and the Final Value is below the 85% Buffer Threshold, principal is reduced 1:1 beyond the 15% buffer, for a maximum loss of 85%. The Index includes a 6.0% per annum daily deduction and a daily notional financing cost linked to SOFR, which drag performance. The estimated value is about $944.30 per $1,000 note and will not be less than $900.00, and any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500^® Futures Excess Return Index, maturing on February 29, 2028. Each note has a $1,000 denomination and provides unleveraged exposure to index moves with a dual-direction payoff structure.

The notes offer upside equal to any positive index return, capped by a Maximum Upside Return of at least 36.00%, and upside equal to the absolute value of negative returns down to a 15.00% Buffer Amount. If the index falls more than 15%, investors lose 1% of principal for each additional 1% decline, up to a maximum 85.00% loss. The notes pay no interest, are unsecured obligations of JPMorgan Chase Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on any exchange, and carry both issuer and guarantor credit risk. An indicative estimated value is $986.40 per $1,000 note, and the final estimated value on pricing will not be less than $900.00.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing August 29, 2030 and fully guaranteed by JPMorgan Chase & Co.

The notes provide uncapped upside at maturity of at least 2.04× any appreciation of the lesser performing underlying, a 65% barrier level, and $1,000 minimum denominations. If either underlying closes below its barrier on the observation date, investors lose 1% of principal for every 1% decline of the lesser performer and can lose their entire investment. The current estimated value is about $978 per $1,000 note and will not be less than $900 at pricing. The notes pay no interest or dividends, are subject to the credit risk of both the issuer and guarantor, are not FDIC insured, may have limited or no liquidity, and involve complex tax treatment, including potential constructive-ownership and Section 871(m) considerations.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 23, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment only if the Index on a Review Date is at or above 60% of the Initial Value (the Interest Barrier). The same 60% level is the Trigger Value for principal protection at maturity if the notes are not called. The notes may be automatically called on certain Review Dates, starting February 19, 2027, if the Index is at or above the Initial Value, returning principal plus the applicable contingent interest and any unpaid coupons.

The hypothetical Contingent Interest Rate is 11.85% per annum (0.9875% per month) and will be at least that level when set. The Index embeds a 6.0% per annum daily deduction, which creates a persistent drag versus an equivalent index without such deduction and is a key risk factor. If the Final Value is below the Trigger Value and the notes are not called, principal is reduced 1% for each 1% Index decline, down to zero. The estimated value is approximately $946 per $1,000 note if priced today and will not be less than $900 per $1,000 at pricing.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable contingent interest notes due July 26, 2028 linked to the least performing of the Nasdaq‑100® Technology Sector, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors receive a Contingent Interest Payment only on Review Dates when the closing level of each Index is at least 70% of its Initial Value, and may lose some or all principal if, at maturity and absent early redemption, the Final Value of any Index is below its 70% Trigger Value. The notes are callable at the issuer’s option on specified Interest Payment Dates starting November 27, 2026, with $1,000 minimum denominations. The indicative Contingent Interest Rate will be at least 9.90% per annum, and if priced today the estimated value would be about $960.60 per $1,000, not less than $900 at pricing, reflecting embedded fees, hedging costs and issuer funding assumptions.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to Eli Lilly and Company common stock, maturing August 29, 2029. The notes pay a Contingent Interest Payment on each monthly Review Date only if Eli Lilly’s share price is at or above 60% of the Initial Value (the Interest Barrier). The notes may be automatically called starting February 24, 2027 if Eli Lilly’s share price on certain Review Dates is at or above the Initial Value, in which case investors receive $1,000 plus that period’s contingent interest and no further payments. If not called and the Final Value is below 50% of the Initial Value (the Trigger Value), investors lose 1% of principal for each 1% decline, potentially losing the entire investment; there is also a risk of receiving no interest at all. The estimated value per $1,000 note would be about $968.30 if priced on the indicated date and will not be less than $900. The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and expose investors to both issuer and guarantor credit risk.

JPMorgan Chase & Co. (JPM) provides an index supplement for notes linked to the J.P. Morgan Efficiente® Plus DS 5 Index (Net ER), a rules-based index that allocates among a basket of ETFs and a cash index. The index targets 5% annualized volatility by dynamically adjusting daily exposure to a monthly reference portfolio of “Basket Constituents” within set constraints.

Index history combines hypothetical backtested returns using proxy or “alternative performance” for some constituents from November 1, 2007 to January 18, 2013, further backtested data using actual constituent performance to December 30, 2014, and live performance from December 31, 2014 to July 31, 2026. Returns are calculated on an excess return basis, reflecting a 0.85% per annum daily deduction. From (but excluding) December 20, 2017, a 50% maximum daily exposure change constraint applies, which may affect performance.

The disclosure emphasizes that historical and backtested results and past asset allocations are not indicative of future results, and details multiple strategy, correlation, volatility, liquidity, and non-U.S. market risks. The notes are not bank deposits, are not FDIC insured, and no securities regulator has approved or disapproved them.

JPMORGAN CHASE & CO (JPM) provides an update on the J.P. Morgan Efficiente® Plus DS 5 Index (Net ER), a rules-based index that allocates monthly across 20 ETFs and a cash index using a momentum and diversification approach. The index rebalances into the basket with the best prior 6‑month performance, generally subject to a 5% historical volatility threshold, and then applies a daily volatility targeting overlay aiming for 5% annualized realized volatility.

The index is calculated on an excess return basis, reflecting a daily deduction of a 0.85% per annum index fee plus a notional 3‑month cash financing cost. From July 2016 to July 2026, it shows a 10‑year annualized return of 0.55% with 10‑year annualized volatility of 5.73% and a Sharpe Ratio of 0.10, compared with higher Sharpe Ratios for the Domestic and Global 30/70 excess‑return portfolios. Recent monthly weights (March–August 2026) show substantial allocations to the cash index and U.S. large‑cap equities, alongside varying exposures to investment‑grade fixed income and gold.

The update emphasizes that much of the performance history is hypothetical backtested, that index rules were tightened in December 2017 via a 50% maximum daily exposure change, and that past and backtested performance are not indicative of future results. Numerous strategy, market, correlation, ETF tracking, non‑U.S. market, interest‑rate and SOFR‑related risks are highlighted, and the notes linked to the index are unsecured, not FDIC‑insured, and not bank deposits.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index. The notes provide unleveraged exposure to index moves over a term from about September 3, 2026 to September 6, 2028.

At maturity, investors earn the index return when positive, capped by a Maximum Upside Return of at least 17.05%, or the absolute value of index declines up to a 25.00% buffer, with a maximum negative-side gain of 25.00%. If the index falls more than 25%, losses are magnified by a 1.33333x downside leverage factor, so principal can be partially or fully lost.

The notes pay no interest or dividends and carry the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Minimum denomination is $10,000. An indicative estimated value is about $981.90 per $1,000 note, and the final estimated value will not be less than $970.00, reflecting embedded selling, structuring and hedging costs and implying likely secondary-market pricing below par.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked individually to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on August 17, 2028, in minimum denominations of $1,000.

The notes may be automatically called on quarterly Review Dates (from February 16, 2027, excluding the first and final Review Dates) if the closing level of each index is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and any unpaid past interest. A Contingent Interest Payment is due only for Review Dates when all three indices close at or above 75.00% of their Initial Values, the Interest Barrier; missed coupons can be later “made up” if conditions are satisfied. If not called, and any index finishes below its Trigger Value (also 75.00% of Initial Value) at final valuation, principal is reduced 1% for each 1% decline in the Least Performing Index, down to a total loss.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and subject to their credit risk. A hypothetical contingent interest rate of 12.00% per annum (3.00% per quarter) is illustrated; the actual rate will be at least this level. The indicative estimated value is about $960 per $1,000 note today and will not be less than $950 per $1,000 at pricing, reflecting structuring and hedging costs and an internal funding rate.

JPMORGAN CHASE & CO (JPM), via its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Digital Buffered Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking a fixed payoff if the index holds up or declines only moderately, in exchange for giving up dividends, periodic interest, and most upside beyond a cap.

If, on the valuation date, the S&P 500® closing level is at or above its initial level, or down by up to the 15.00% Buffer Amount, holders receive a fixed Contingent Digital Return of at least 11.63%, paying $1,116.30 per $1,000 note at maturity in the illustrated case. If the index is below the buffer, principal loss is leveraged: for every 1% drop beyond the 15% buffer, investors lose 1.17647% of principal, up to a total loss. The notes are expected to price around August 31, 2026 and mature on March 6, 2028, in minimum denominations of $10,000.

The product’s economic value is less than the price to public, reflecting selling commissions, hedging costs and issuer profit. If priced on the date shown, the estimated value would be about $984.50 per $1,000, and will not be less than $970.00 per $1,000 when finally set. The notes will not be listed, may have limited liquidity, and their value and payments are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMORGAN CHASE & CO (JPM), through its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is offering callable fixed rate notes due August 28, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed interest rate of 5.00% per annum, with interest payable annually in arrears on August 28, beginning August 28, 2027, calculated on a 30/360 day count basis.

The issuer may redeem the notes early, in whole but not in part, on the 28th calendar day of February, May, August and November of each year from February 28, 2027 through May 28, 2030 at par plus accrued interest. The price to the public per $1,000 principal amount will generally be between $990.10 and $1,000, and selling commissions, if charged, are expected to be about $4.25 and will not exceed $12.50 per $1,000. The notes are unsecured obligations, are not bank deposits and are not insured by the FDIC or any other governmental agency.

JPMorgan Chase & Co. (through JPMorgan Chase Financial Company LLC) is offering Autocallable Buffered Equity Notes due 2029, linked to the iShares MSCI South Korea ETF. Each note has a $1,000 principal amount, bears no interest, and is fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on January 13, 2028 if the ETF’s level is at least 70% of the initial level, paying $1,000 plus a call premium expected between 22.53% and 26.50%. If not called, and the final level on January 16, 2029 is at least 70% of the initial level, investors receive $1,000 plus a maturity premium expected between 45.06% and 53.00%, capping the maximum payout at $1,450.60–$1,530.00 per $1,000. If the ETF falls more than 30%, losses are leveraged at approximately 1.4286x beyond that buffer and investors can lose their entire principal. The estimated initial fair value is expected between $933.60 and $943.60 per $1,000, below the issue price, and any payment is subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Auto Callable Contingent Interest Notes linked to the lesser performance of the iShares Silver Trust (SLV) and the VanEck Semiconductor ETF (SMH), maturing on July 19, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of at least 20.40% per annum (at least $17 per $1,000 monthly) only if, on a Review Date, each fund closes at or above 70% of its Initial Value. They are automatically called (first possible on November 16, 2026) if, on eligible Review Dates, each fund is at or above its Initial Value, returning $1,000 plus that period’s interest. At maturity, if not called and each fund is at or above 60% of its Initial Value (Trigger Value), investors receive $1,000 per note plus any final interest; otherwise, repayment is reduced one-for-one with the loss of the lesser-performing fund, with the potential to lose all principal. The indicative estimated value is $943.10 per $1,000 note and will not be less than $900.00 when finalized, reflecting embedded fees, funding and hedging costs.

JPMORGAN CHASE & CO (JPM), through its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is issuing $207,000 of Callable Fixed Rate Notes due August 13, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay fixed interest of 4.875% per annum, using a 30/360 day count, with interest payable in arrears on August 13, 2027, August 13, 2028 and at maturity, subject to earlier redemption. Beginning February 13, 2027, and on the 13th calendar day of February, May, August and November through May 13, 2029, the issuer may redeem the notes in whole at par plus accrued interest.

The price to the public is $1,000 per note, including a $2 selling commission, resulting in proceeds to the issuer of $998 per note and aggregate proceeds of $206,586. The notes are unsecured debt obligations, not bank deposits and not insured by the FDIC, and involve the risks described in the referenced risk factor sections.

JPMorgan Chase & Co (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is issuing $1,000,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Notes due August 15, 2029, linked to the SPDR Gold Trust (GLD) and fully guaranteed by JPMorgan Chase & Co.

The notes have a $1,000 denomination, no interest, 1.50x upside participation, a cap at 133% of the initial GLD level and a maximum settlement amount of $1,495 per $1,000 note. A 10% buffer protects principal only if GLD’s final level is not more than 10% below the $400.96 initial level; beyond that, losses are leveraged at about 1.1111% per 1% additional decline, down to possible total loss of principal.

The original issue price is 100% of principal, with a 2.60% selling commission and net proceeds of 97.40% to the issuer. The estimated value at pricing is $960.30 per $1,000, reflecting internal funding and hedging costs, so investors pay more than model value and secondary prices are expected to be lower. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., are not listed, and may be illiquid. U.S. tax treatment is based on treating the notes as open prepaid financial contracts, with additional uncertainty around constructive ownership and Section 871(m) for non‑U.S. holders.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $600,000 of Uncapped Buffered Digital Notes linked to the lesser performing of the Nasdaq-100 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest and provide exposure at maturity to index appreciation, with a Contingent Digital Return of 15.50% if both indices finish at or above their initial levels, and uncapped upside if the lesser performer rises more than 15.50%. A 10.00% buffer protects against moderate declines, but if either index falls by more than 10%, principal is reduced 1% for each additional 1% decline, up to a 90% loss. The notes, issued in $1,000 minimum denominations, price at $1,000 with selling commissions of $7.25 per note and an issuer-estimated value of $987.60, and are subject to the unsecured credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $2,100,000 of unsecured Auto Callable Contingent Interest and Contingent Leveraged Notes linked to the MSCI Emerging Markets Index, maturing August 15, 2030 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may pay monthly Contingent Interest Payments of $12.50 per $1,000 (a 15.00% per annum rate) only during the first year and only if, on each day up to a Review Date, the Index stays at or above 90.00% of the Initial Value; once a Trigger Event occurs, all future interest stops. If no Trigger Event occurs by the final Review Date on August 11, 2027, the notes are automatically called for $1,000 plus the final interest payment.

If the notes are not called, the maturity payment equals $1,000 plus $1,000 times the sum of the Index Return and a 10.00% Buffer Amount, multiplied by a 1.11111 Leverage Factor, and can be below principal if the Final Value is less than the Trigger Value. The notes are not listed, carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $987 per $1,000 at pricing, below the issue price.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $2,500,000 of Auto Callable Buffered Return Enhanced Notes linked to the Nasdaq‑100 Index®. The notes are unsecured, unsubordinated obligations of the subsidiary and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are issued in $1,000 minimum denominations, priced at 100% of principal, with an estimated value of $992 per $1,000. They may be automatically called on August 12, 2027 if the Index is at or above 100% of its initial level, paying $1,143.50 per $1,000 note. If not called, they mature on August 15, 2030 and provide 1.40x leveraged upside on Index gains, a 20% downside buffer, and then 1.25x leveraged losses beyond the buffer. Investors forgo interest and dividends, face possible loss of all principal, bear the credit risk of both JPMorgan entities, and there is no exchange listing, so liquidity may be limited.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $450,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 14, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon of 20.50% per annum (about $17.0833 per $1,000 monthly) only if, on each Interest Review Date, the Index is at or above 80% of the Initial Value. The notes are auto‑callable semiannually starting August 11, 2027 if the Index is at or above its Initial Value, returning $1,000 plus the applicable coupon and ending further payments.

At maturity, if not called and the Index is at or above the 85% Buffer Threshold, investors receive $1,000 plus the final coupon. Below that level, principal is reduced 1% for each 1% Index loss beyond the 15% buffer, with up to an 85% principal loss possible. The underlying Index embeds a 6.0% per annum daily deduction and a notional financing cost, which systematically drags performance versus an equivalent index without these charges.

The price to public is $1,000 per note, including $6.50 in selling commissions, with net proceeds of $993.50 per note to the issuer. The estimated value at pricing was $941.50 per $1,000, reflecting selling, structuring and hedging costs. Payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the notes are unsecured, unsubordinated and not insured or exchange‑listed.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is issuing $441,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 14, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Rate of 11.50% per annum only if, on each Interest Review Date, the Index closes at or above 75% of the Initial Value (the Interest Barrier). Quarterly Autocall Review Dates may trigger automatic redemption at $1,000 per note plus any due contingent interest if the Index is at or above the Initial Value, starting August 11, 2027.

If the notes are not called and the Final Value is below the 70% Buffer Threshold, investors lose 1% of principal for each 1% Index decline beyond the 30% Buffer Amount, down to a maximum loss of 70% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, uses leverage up to 500% to target 35% volatility, and is expected to lag a comparable index without these charges. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.; the estimated value at pricing was $912.90 per $1,000 note versus a $1,000 issue price.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $2,600,000 of Auto Callable Buffered Return Enhanced Notes linked to the MSCI Emerging Markets Index, maturing August 15, 2030 and fully, unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on August 12, 2027 if the Index is at or above the Call Value (100% of the Initial Value), paying $1,212.50 per $1,000 note (principal plus a fixed $212.50 call premium) and then terminating. If not called, at maturity investors receive an uncapped leveraged upside of 1.40× any Index gain; principal is protected only within a 20% downside buffer, after which losses accelerate at a 1.25× rate.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, are not FDIC insured, and will not be listed on an exchange. The Initial Value of the Index was 1,665.44, and the issuer’s estimated value of each $1,000 note at pricing was $985.50, reflecting structuring and hedging costs and use of an internal funding rate.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $815,000 of Uncapped Digital Barrier Notes linked to the lesser performer of the Russell 2000® Index and the S&P 500® Index, maturing on August 15, 2030 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide uncapped, unleveraged upside to any appreciation of the lesser performing index at maturity, with a Contingent Digital Return of 49.00% if both final index levels are at or above their initial levels. If either index finishes below its initial level but both remain at or above 75.00% of initial (the Barrier Amount), investors receive par.

If either index closes below its Barrier Amount, principal is exposed one-for-one to the decline of the lesser performing index, and investors can lose up to 100% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., and will not be listed on an exchange. Price to public is $1,000 per note, including $6.00 in selling commissions; the issuer’s estimated value at pricing was $977.10 per $1,000 note.

JPMorgan Chase & Co. (through JPMorgan Chase Financial Company LLC) is offering Uncapped Dual Directional Accelerated Barrier Notes due August 22, 2030, linked to the lesser performing of Invesco QQQ, Series 1 and the S&P 500 Index. The notes provide uncapped upside of at least 1.124× any positive return of the lesser-performing underlying at maturity and a capped positive return from moderate declines: if both underlyings finish at or above 65% of their Initial Values, investors receive the absolute value of the lesser-performing underlying’s loss, up to a 35% maximum gain. If either underlying finishes below its 65% Barrier Amount, repayment is fully at risk and investors lose 1% of principal for each 1% decline in the lesser-performing underlying, up to total loss of principal. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. The price to the public is $1,000 per note, while the estimated value, driven by internal models and funding rates, would be about $978.50 per $1,000 note if priced on the reference date and will not be less than $900 at pricing.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 14, 2031, with a total offering of $579,000 in $1,000 denominations, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on scheduled Review Dates starting August 16, 2027 if the Index is at or above 90% of its Initial Value, paying $1,000 plus a fixed call premium (from 16.65% on the first Review Date up to 83.25% on the final Review Date). If not called, principal is protected only within a 20% buffer; if the Index falls more than 20%, investors lose 1% of principal for each additional 1% decline, up to an 80% loss.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost (SOFR plus 0.50% per annum) on its QQQ-based exposure, so it will trail a comparable index without such deductions and can decline even if the underlying strategy is flat or modestly positive. The estimated value of each note at pricing was $943.80 versus the $1,000 issue price, reflecting selling commissions and hedging and structuring costs. Payments depend on the credit risk of both the issuing subsidiary and JPMorgan Chase & Co., and the notes will not be listed, so liquidity may be limited.

JPMORGAN CHASE & CO. (JPM), through JPMorgan Chase Financial Company LLC, is issuing $360,000 of unsecured Buffered Digital Notes due September 16, 2027, linked to the least performing of the Nasdaq‑100® Technology Sector, the Russell 2000® Index and the S&P 500® Index.

For each $1,000 note, investors receive a fixed 10.50% return (payment of $1,105) at maturity if the final level of the least performing index is at or above its initial level, or down by up to 20% (the buffer). If any index falls by more than 20%, principal is reduced 1% for each additional 1% decline, with repayment as low as $200 per $1,000 note (an 80% loss) if the least performing index falls 100%.

The price to public is $1,000 per note; estimated value at pricing was $990.30, reflecting embedded costs and hedging. The notes pay no interest, pass through no dividends, are not listed on any exchange and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $430,000 of unsecured, unsubordinated Callable Contingent Interest Notes linked to the lesser performance of the Nasdaq-100® Technology Sector and the Russell 2000® Index, maturing on November 17, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 10.40% per annum Contingent Interest (0.86667% monthly) only if on a Review Date each index is at or above 70% of its Initial Value (Interest Barrier). If not called early (first call date August 16, 2027), and either index finishes below its 70% Trigger Value, principal is reduced 1% for each 1% decline of the lesser-performing index, down to a total loss. The price to public is $1,000 per note, with selling commissions of $7.25 and issuer proceeds of $992.75; the initial estimated value is $985.60 per $1,000, reflecting embedded fees and hedging costs. The notes are not bank deposits, are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., may be illiquid, may pay no interest, and expose holders to small-cap, technology-sector and non-U.S. equity risks.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is issuing $599,000 of auto callable barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500, maturing August 16, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on August 16, 2027 or August 11, 2028 if each index is at or above its Call Value (100% of its Initial Value), paying $1,000 plus a call premium of 17.20% or 34.40% per note, respectively. If not called and each index finishes above its Initial Value at maturity, investors receive $1,000 plus the return of the least performing index; if any index finishes between 60% and 100% of its Initial Value, only principal is returned.

If any index finishes below 60% of its Initial Value, repayment is reduced one-for-one with the least performing index’s decline, potentially down to zero. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, have limited liquidity, and an estimated value of $974.50 per $1,000, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $198,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 14, 2031 and fully, unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent interest rate of 17.65% per annum (1.47083% per month) only when, on an Interest Review Date, the Index closing level is at or above 70% of its Initial Value (the Interest Barrier). The notes are automatically called on quarterly Autocall Review Dates if the Index is at or above its Initial Value, with the earliest possible call on August 11, 2027, returning principal plus the applicable contingent interest.

If not called, and on the final Review Date the Index is at or above 60% of Initial Value (the Trigger Value), investors receive principal plus any final contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Index Return), so principal losses match index declines and can reach 100%. The Index employs up to 500% futures exposure and a 6.0% per annum daily deduction, which drags performance. Notes are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk; they are not bank deposits or FDIC insured. The price to public is $1,000 per note, including $12.75 in fees and an estimated initial value of $922.90.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,254,000 of unsecured Digital Barrier Notes linked to the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index, maturing on February 16, 2028 and fully guaranteed by JPMorgan Chase & Co.

Holders receive no coupons or dividends and instead get a fixed 11.15% return at maturity (payment of $1,111.50 per $1,000 note) only if the Final Value of the least performing index is at or above 60.00% of its Initial Value (the Barrier Amount). If any index finishes below its Barrier Amount, principal is repaid on a 1:1 loss basis with the least performing index and investors can lose up to all principal. The price to public is $1,000 per note, including $22.25 in selling commissions; the issuer’s estimated value is $974.80, reflecting embedded fees and hedging costs. The notes are not bank deposits, are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., may be illiquid, and involve complex tax treatment.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $717,000 of Auto Callable Contingent Interest Notes due August 16, 2029, linked separately to the Nasdaq-100 Index, the Russell 2000 Index and the SPDR S&P Regional Banking ETF.

The notes pay a contingent interest rate of 8.75% per annum (0.72917% per month) only for Review Dates when the closing value of each underlying is at least 70% of its Initial Value; missed coupons can be caught up if a later Review Date meets the barrier. Beginning February 11, 2027, the notes are automatically called if on a Review Date (other than the first five and final) each underlying is at or above its Initial Value, in which case investors receive $1,000 plus the applicable coupon and any unpaid prior coupons.

If not called, at maturity investors receive full principal only if the Final Value of each underlying is at least 60% of its Initial Value; otherwise, repayment is reduced 1-for-1 with the decline of the Least Performing Underlying, potentially to zero. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of $958.90 per $1,000, below the $1,000 issue price, reflecting selling commissions and hedging and structuring costs.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,316,000 of unsecured Auto Callable Contingent Interest Notes due August 16, 2029, linked to the lesser performance of Home Depot (HD) and McDonald’s (MCD) stocks and fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 11.50% per annum (0.95833% monthly) only for Review Dates when each stock’s closing price is at or above its Interest Barrier (60% of Initial Value: HD $212.688, MCD $164.49). Missed coupons can be caught up if barriers are later met. The notes can be automatically called starting February 11, 2027 if both stocks are at or above their Initial Values, returning $1,000 plus due interest. If not called and on the final Review Date either stock is below its Trigger Value (also 60% of Initial Value), principal is reduced 1% for each 1% decline of the lesser performer, potentially to zero. The notes are not principal-protected, will not pay dividends, may be illiquid, and have an estimated value of $981.40 per $1,000, below the $1,000 issue price due to selling, structuring and hedging costs and issuer funding economics. U.S. tax treatment is complex and based on a prepaid forward with contingent coupons.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $697,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 14, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon of 12.85% per annum (1.07083% monthly) only if, on a given review date, the Index level is at least 70% of the Initial Value. Starting August 11, 2027, the notes are automatically called if the Index is at or above the Initial Value, returning $1,000 per note plus that period’s coupon, with no further payments. If held to maturity without being called and the Index has fallen below the 70% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond the 30% buffer, up to a 70% principal loss.

The underlying Index uses leverage of up to 500%, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction plus a notional financing cost (SOFR + 0.50%), so it is expected to trail a comparable index without these charges. The price to public is $1,000 per note, including $6.50 in fees and commissions; the issuer’s estimated value is $948.60 per $1,000 note, and the notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $3,133,000 of unsecured structured notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq‑100 Index® and Russell 2000® Index, maturing on August 16, 2029. The notes provide uncapped upside of 1.423× any positive return of the least performing index at maturity and a “dual directional” feature that pays the absolute value of any index decline up to 20%.

If the worst index finishes down by no more than the 20% Buffer Amount, investors gain up to 20% (maximum payment $1,200 per $1,000 note). If any index falls by more than 20%, principal is reduced 1% for every 1% beyond the buffer, to a minimum of $200 (an 80% loss). The notes pay no interest, do not provide dividends, are not listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The price to the public is $1,000 per note, including selling commissions of $29.50, for issuer proceeds of $970.50 per note. The initial estimated value is $965.40 per $1,000 note, reflecting structuring and hedging costs, and secondary market values are expected to be below the issue price.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Accelerated Barrier Notes linked individually to the Russell 2000, S&P 500 and EURO STOXX 50, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on August 18, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $189 per $1,000, after which no further payments are made. If not called and at maturity all indices are above their initial levels, investors receive an uncapped payoff equal to 1.50× the appreciation of the least performing index. If any index is at or below its initial level but all stay at or above a 70% barrier, only principal is returned. If any index finishes below the barrier, repayment is reduced 1% for every 1% decline of the least performing index, down to a total loss of principal.

The notes pay no interest or dividends, carry market and index-specific risks (small-cap U.S. equities and Eurozone large caps), and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $990.20 per $1,000, and will not be less than $960.00 at pricing, below the issue price due to embedded costs and hedging economics.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $2,842,000 of unsecured Auto Callable Contingent Interest Notes linked individually to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing August 14, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent interest at 10.50% per annum (0.875% per month) only if on a Review Date each index is at or above 85.00% of its Initial Value; missed coupons do not accrue unless a later Review Date satisfies the barrier, in which case unpaid coupons are made up. Starting August 11, 2027, the notes are automatically called if on a designated Review Date (other than the first through eleventh and final) each index is at or above its Initial Value, returning $1,000 plus due and unpaid contingent interest.

If the notes are not called, at maturity investors receive $1,000 plus any due contingent interest only if each index’s Final Value is at or above its 85.00% Trigger Value; otherwise, repayment is reduced by the full negative return of the least performing index, potentially resulting in a significant or total loss of principal. The notes are not bank deposits, are not FDIC insured, are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are expected to be illiquid, and have an estimated value of $973.90 per $1,000, below the $1,000 issue price due to embedded costs.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is issuing $742,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 14, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

Each $1,000 note pays a contingent interest rate of 14.10% per annum (1.175% monthly) only on review dates when the Index closes at or above 60% of the Strike Value (the Interest Barrier); investors may receive no interest at all. Beginning August 10, 2027, the notes are automatically called if, on specified review dates, the Index closes at or above the Strike Value, returning $1,000 plus the applicable contingent interest, with no further payments.

If the notes are not called and on the final review date the Index is at or above the Trigger Value (50% of Strike), principal is repaid (plus any final contingent interest). If the Final Value is below the Trigger Value, investors lose 1% of principal for each 1% Index decline from Strike, up to a total loss. The underlying Index employs leveraged E-mini S&P 500 futures with a 6.0% per annum daily deduction, which acts as a persistent drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.; the estimated value at pricing was $935.10 per $1,000 note, below the $1,000 issue price.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable buffered return enhanced notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index, with a total offering of $6,016,000.

The notes mature on August 16, 2029 and may be automatically called on August 16, 2027 if each index is at or above its Call Value, paying $1,000 plus a $231.50 call premium per note. If not called and all indices finish above their initial values, investors receive 1.50 times the appreciation of the least performing index; if declines are within the 15.00% buffer, principal is returned.

If any index falls more than 15.00%, investors lose 1% of principal for each 1% drop beyond the buffer, up to a maximum loss of 85.00%. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and priced at $1,000 per note with an estimated value of $985.30 at issuance.

JPMorgan Chase & Co. (JPM), via its wholly owned finance subsidiary JPMorgan Chase Financial Company LLC, is issuing Auto Callable Buffered Equity Notes linked to the EURO STOXX 50® Index. The notes have a principal amount of $1,000 each, with a total offering of $500,000, and are unsecured obligations of the subsidiary, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on August 23, 2027 if the index closes at or above the Index Strike Level of 6,535.62, paying $1,000 plus an 11.51% call premium. If not called and the Ending Index Level on August 10, 2028 is at or above the strike, investors receive uncapped upside, with a Contingent Minimum Return of 23.02% (at least $1,230.20 per $1,000 note). If the index declines by up to the 15.00% buffer, principal is returned; below that, losses are magnified by a 1.17647 downside leverage factor, so substantial or total principal loss is possible.

The price to public is $1,000 per note, including $15 in selling commissions and $985 in proceeds to the issuer; the estimated value is $979 per $1,000 note, reflecting issuer funding costs, hedging and fees. The notes pay no interest or dividends, are not listed, and carry credit risk of both the issuer and guarantor, market risk from the EURO STOXX 50®, liquidity risk, reinvestment risk if called early, tax uncertainty, and potential conflicts of interest in pricing and hedging.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $644,000 of unsecured structured notes linked to the least-performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, maturing September 16, 2027 and fully guaranteed by JPMorgan Chase & Co.

The notes pay no coupons but offer a fixed 13.10% Contingent Digital Return at maturity if the final level of the least-performing index is at or above its initial level, or down by up to the 15.00% Buffer Amount. If any index falls more than 15% from its initial level, principal is reduced 1% for each 1% decline beyond the buffer, for a maximum loss of 85.00%, leaving $150 per $1,000 note.

The price to public is $1,000 per note, including a $7 selling commission, with an estimated value of $990.60 based on JPMorgan’s internal models and funding rate. The notes are not bank deposits, are not FDIC-insured, may lack liquidity, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMORGAN CHASE & CO (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Buffered Return Enhanced Notes linked to the EURO STOXX 50® Index. The notes may be automatically called after about one year if the Index is at or above its initial level, paying $1,000 plus a call premium of at least 13.33% per note.

If not called, at maturity investors receive an uncapped leveraged upside of at least 1.50x positive Index performance, full principal back for Index declines up to 15.00%, and leveraged downside losses beyond that via a 1.17647 downside factor. Minimum denomination is $10,000; the estimated value is indicated at about $980.50 per $1,000 note and will not be less than $900.00, reflecting selling, structuring and hedging costs. Payments are subject to the credit risk of both the subsidiary issuer and JPMorgan Chase & Co. as guarantor.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is issuing $2,500,000 of Callable Fixed Rate Notes due August 11, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest of 4.65% per annum, calculated on a 30/360 day count basis, with interest payable in arrears on August 13, 2027 and at maturity, unless earlier redeemed.

The issuer may, at its option, redeem the notes in whole (but not in part) on the 13th calendar day of February, May, August and November from February 13, 2027 through May 13, 2028 at par plus accrued interest, subject to the stated conventions. The price to the public is $1,000 per note, including selling commissions of $1.65 per $1,000, resulting in issuer proceeds of $998.35 per note, or $2,495,875 in total.

JPMORGAN CHASE & CO (through issuer JPMorgan Chase Financial Company LLC) is offering callable fixed rate notes due August 29, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at an annual rate of 5.05%, calculated on a 30/360 day count basis and paid annually on August 31, beginning August 31, 2027, and on the maturity date, subject to earlier redemption.

The issuer may, at its option, redeem the notes in whole on the last calendar day of February and August of each year from August 31, 2027 through February 28, 2031, at par plus accrued and unpaid interest, under a following Business Day Convention and unadjusted Interest Accrual Convention. The notes are expected to be issued on August 31, 2026 at a price to the public generally of $1,000 per $1,000 principal amount, with eligible institutional or fee-based accounts potentially paying between $990.10 and $1,000. Estimated selling commissions would be about $5.50 per $1,000, capped at $17.50, and the notes are not bank deposits or FDIC insured. The disclosure emphasizes interest rate, market, liquidity and conflict-of-interest risks, and states the instruments are treated as fixed-rate debt without original issue discount for U.S. federal income tax purposes.