JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes due August 19, 2031, linked to the lesser performing of the Dow Jones Industrial Average® and the S&P 500® Index, fully guaranteed by JPMorgan Chase & Co. The notes offer uncapped upside with at least a 1.245x Upside Leverage Factor on any positive return of the lesser-performing index at maturity.

A Barrier Amount is set at 70% of each index’s Initial Value. If both final index values are at or above their barriers, investors receive full principal, and if both are above initial, leveraged gains apply. If either index finishes below its barrier, principal is reduced 1% for each 1% decline in the lesser-performing index, down to total loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are issued in minimum denominations of $1,000, and have an indicative estimated value of about $946.20 per $1,000 (not less than $900) due to embedded fees, hedging costs and internal funding assumptions, with additional risks from liquidity, conflicts of interest and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is issuing $4,224,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 18.00% per annum (1.50% monthly) only when, on a monthly Interest Review Date, the Index closing level is at least 70.00% of the Initial Value (the Interest Barrier).

The notes are automatically called quarterly if the Index is at or above the Initial Value, starting February 8, 2027; on call, investors receive $1,000 plus the applicable interest and no further payments. If not called and at maturity on August 11, 2032 the Index is below the 50.00% Trigger Value, principal is reduced one-for-one with the Index loss, potentially to zero. The Index includes a 6.0% per annum daily deduction and can use up to 500% futures leverage, both of which can significantly depress performance. Per-note pricing is $1,000, including $9 in fees and commissions, with issuer proceeds of $991 and an estimated fair value of $926.60 per note. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. and the notes are unsecured, unsubordinated obligations.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing on February 23, 2029. The notes provide 2.00x any positive Index return at maturity, up to a Maximum Return of at least 25.50%, after which further Index gains do not increase the payout.

A 10.00% Buffer Amount protects principal against moderate Index declines; if the Index falls by more than 10%, investors lose 1% of principal for each 1% decline beyond 10%, for a maximum loss of 90.00%. The minimum denomination is $1,000 and the notes pay no interest or dividends. Any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. If priced on the illustrated date, the estimated value would be about $971.40 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, is unsecured, pays no interest and is scheduled to mature on August 19, 2031. The notes provide an uncapped leveraged upside at maturity of at least 2.36x any positive Index return.

At maturity, if the Index is above its Initial Value, the payoff equals $1,000 plus 2.36 times the Index gain. If the Final Value is between the Initial Value and the Barrier Amount of 70% of the Initial Value, principal is returned. If the Final Value is below the Barrier, investors lose 1% of principal for each 1% Index decline from the Initial Value, up to a total loss. An example table shows a 60% Index decline producing a $400 payout per $1,000 note. The indicative estimated value, if priced today, is $978.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. Key risks include full principal loss risk, credit risk of JPMorgan Financial and JPMorgan Chase & Co., lack of liquidity, complex futures-based index behavior, negative roll returns and secondary market values likely below the issue price.

JPMorgan Chase Financial Company LLC is issuing $1,036,000 of Auto Callable Contingent Interest Notes due August 11, 2032, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the MerQube US Large-Cap Vol Advantage Index, which is subject to a 6.0% per annum daily deduction and can employ leverage up to 500% in E-mini S&P 500 futures.

Investors may receive a monthly contingent interest at a rate of 17.70% per annum (1.475% per month) only when the Index level on an Interest Review Date is at or above 70% of the Initial Value. The notes are automatically called, with return of principal plus the applicable interest, if on any quarterly Autocall Review Date the Index is at or above the Initial Value, starting as early as August 6, 2027.

If the notes are not called, principal is protected only if the Final Index Value is at or above a Trigger Value of 50% of the Initial Value. Otherwise, repayment is reduced 1% for each 1% Index decline from the Initial Value, potentially down to zero. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $920.70 per $1,000 note, below the $1,000 issue price due to selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is issuing $905,000 of Auto Callable Contingent Interest Notes linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the SPDR® S&P® Regional Banking ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 12.10% per annum (1.00833% per month) for any Review Date on which the closing value of each underlying is at or above its Interest Barrier of 70% of Initial Value. The notes may be automatically called as early as February 8, 2027 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 contingent interest and no further payments.

If the notes are not called, at maturity investors receive $1,000 plus any final contingent interest if the Final Value of each underlying is at or above its Trigger Value of 60% of Initial Value. Otherwise, repayment is reduced by the full negative return of the least performing underlying, exposing investors to loss of most or all principal. The minimum denomination is $1,000. The price to public is $1,000 per note, including $7.25 in selling commissions, for issuer proceeds of $992.75 per note. The estimated value at pricing was $984.40 per $1,000 note, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC plans to issue Buffered Digital Notes linked to the worst performer of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes target a fixed Contingent Digital Return of at least 13.10% at maturity if the least performing index is at or above its initial level, or down by no more than a 15.00% Buffer Amount85.00% loss of principal and a minimum payoff of $150 per $1,000 note.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The estimated value would be about $990 per $1,000 today and will not be less than $900 per $1,000 when set, reflecting embedded costs and internal funding assumptions.

JPMorgan Chase Financial Company LLC is offering Buffered Digital Notes due September 16, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and do not provide dividends. At maturity, repayment depends on the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index.

If the final level of each index is at or above its initial level, or down by up to the 20.00% Buffer Amount, investors receive a fixed Contingent Digital Return of at least 10.50%, or $1,105 per $1,000 note. If any index falls by more than 20%, principal is reduced 1% for each percentage point of decline beyond the buffer, for a maximum loss of 80.00% (minimum payment $200 per $1,000). The notes are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not listed, and secondary market prices and the internal estimated value (about $989.60 per $1,000 if priced today, and not less than $900.00 at issuance) are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is issuing $696,000 of Auto Callable Contingent Interest Notes linked to the common stock of Netflix, Inc., due August 10, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 11.50% per annum (0.95833% per month) on each Review Date where Netflix’s share price is at or above the Interest Barrier of 60.00% of the Initial Value, equal to $44.214.

The notes may be automatically called as early as February 8, 2027 if Netflix’s share price on specified Review Dates is at least the Initial Value of $73.69, returning principal plus due and unpaid contingent interest. If held to maturity without automatic call and the Final Value is at or above the Trigger Value, investors receive principal plus all due contingent interest; if the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), so investors can lose more than 40% and up to all principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with an estimated value at pricing of $969.60 per $1,000 note, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering $265,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Chewy, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and matures on August 10, 2028.

The notes pay a monthly Contingent Interest Payment of $12.50 per $1,000 (a 15.00% per annum rate) only if Chewy’s share price on a Review Date is at or above the Interest Barrier and Trigger Value, set at 47.50% of the Initial Value, or $11.12925. The notes may be automatically called beginning February 8, 2027 if the stock closes at or above the Initial Value on specified Review Dates, returning $1,000 plus due and unpaid contingent interest.

If not called and the Final Value is below the Trigger Value, investors receive $1,000 plus $1,000 × Stock Return, and will lose more than 52.50% of principal and could lose it all. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $962.10 per $1,000 at pricing, below the $1,000 issue price due to selling commissions, structuring fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about August 13, 2026 and settle on or about August 18, 2026, with maturity on August 18, 2027.

Investors may receive a Contingent Interest Payment on each Review Date only if the closing level of each Index is at least 70.00% of its Initial Value (the Interest Barrier). The notes are automatically called (return of principal plus the applicable Contingent Interest Payment) if on any non‑final Review Date the closing level of each Index is at or above its Initial Value. At maturity, if not called and a Trigger Event has not occurred or each Final Value is at least its Initial Value, investors receive principal plus the final Contingent Interest Payment; otherwise, payment is reduced by the negative return of the Lesser Performing Index, exposing holders to substantial principal loss.

The indicative Contingent Interest Rate is at least 10.45% per annum$985.20 per $1,000 note, and states the final estimated value will not be less than $900.00 per $1,000. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no liquidity. The original issue price exceeds the estimated value due to selling commissions, hedging costs and related fees.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes due August 19, 2031, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on August 20, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $230 per $1,000 note. If not called and each index finishes above its Initial Value, investors receive an uncapped payoff of 2.00× the appreciation of the least performing index at maturity. If any index finishes at or below its Initial Value but at or above 70% of its Initial Value, principal is returned. If any index closes below the 70% Barrier Amount, investors lose 1% of principal for each 1% decline of the least performing index, up to total loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and will not be listed, so liquidity may be limited. The estimated value is about $973.90 per $1,000, and will not be less than $900 when finalized.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due September 6, 2028, linked to the least-performing of the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co. Investors may receive a Contingent Interest Payment of at least 9.00% per annum, paid monthly, but only when the closing level of each Index on an Interest Review Date is at or above its Interest Barrier of 70.00% of Initial Value. The notes are automatically called on quarterly Autocall Review Dates if each Index is at or above its Initial Value, paying $1,000 plus the applicable contingent interest, with the first possible call on March 1, 2027. At maturity, if not called, principal is protected only while each Index is at or above its Trigger Value of 60.00% of Initial Value; otherwise, repayment is reduced one-for-one with the loss on the least-performing Index, and investors can lose a substantial portion or all of principal. The minimum denomination is $1,000, and an indicative estimated value is $973.90 per $1,000 note, not less than $900.00 when set, reflecting embedded costs, credit risk of the issuer and guarantor, market risk on each Index, and limited liquidity.

JPMorgan Chase Financial Company LLC is issuing $368,000 of Capped Dual Directional Buffered Equity Notes due August 10, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index.

At maturity, investors receive unleveraged index exposure: upside is capped at a Maximum Upside Return of 34.00%, while for index moves between 0% and -20.00%, the payoff mirrors the absolute index move, up to a maximum of $1,200 per $1,000 note. Below the 20% Buffer Amount, principal is reduced 1% for each additional 1% decline in the Least Performing Index, down to a minimum of $200 per $1,000 note, so up to 80.00% of principal can be lost.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The price to public is $1,000 per note, including selling commissions of $26.50, with net proceeds of $973.50 per note. The issuer’s estimated value is $967.80 per $1,000 note at pricing.

JPMorgan Financial is offering $1,350,000 of unsecured Auto Callable Contingent Interest Notes due August 11, 2031, linked to the Nasdaq-100® Technology Sector and the S&P 500® Index. The notes pay a 7.65% per annum contingent coupon (0.6375% monthly) only when the closing level of each index on a Review Date is at least 80% of its Initial Value; missed coupons may be paid later if conditions are met.

The notes are automatically called, starting August 6, 2027, if on a qualifying Review Date each index is at or above its Initial Value, returning principal plus due and unpaid coupons. If not called and on the final Review Date either index is below its 80% Trigger Value, maturity payment is reduced 1:1 with the decline of the lesser-performing index, and principal loss can reach 100%. An estimated value of $944.10 per $1,000 note reflects selling, structuring and hedging costs. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., are not FDIC insured, will not be listed, and involve significant market, credit, liquidity and tax risks.

JPMorgan Chase Financial Company LLC is issuing $1,000,000 in Capped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to provide 1.50x leveraged upside on any positive performance of the least performing index, capped at a Maximum Upside Return of 30.00%, and a capped positive return equal to the absolute value of index declines of up to a 20.00% Buffer Amount.

If any index falls by more than 20.00%, investors lose 1% of principal for each 1% additional decline, down to a minimum payment of $200.00 per $1,000 note, meaning up to 80.00% of principal can be lost. The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $27 in fees and commissions, with net proceeds of $973 per note; the estimated value at pricing was $970.90 per $1,000 note.

JPMorgan Financial is offering auto callable contingent interest notes due August 30, 2029, linked separately to the Nasdaq-100, Russell 2000 and S&P 500. Investors receive a monthly Contingent Interest Payment only when each index closes at or above 70.00% of its Initial Value, the Interest Barrier. The notes are automatically called quarterly if each index is at or above its Initial Value, starting February 26, 2027; upon call, holders receive $1,000 plus the applicable contingent interest and no further payments.

If the notes are not called and, on the final review date, any index finishes below its 70.00% Trigger Value, repayment of principal is reduced one-for-one with the decline of the least performing index, down to a total loss. The hypothetical Contingent Interest Rate will be at least 7.75% per annum (0.64583% per month), with up to $232.50 of total interest per $1,000 note if paid on all 36 dates. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an indicative estimated value of about $948 per $1,000 and not less than $900 per $1,000 at pricing, and are subject to extensive market, credit, liquidity and tax risks.

JPMorgan Chase & Co. provides an August 2026 index update for the J.P. Morgan Multi-Asset Index, used as an underlying for structured notes. The materials show hypothetical backtested monthly and annual returns for the Index based on constituent data from February 22, 1994 through November 17, 2022, and actual Index performance from November 18, 2022 through July 31, 2026, alongside detailed historical monthly portfolio weights across U.S. and international equities, fixed income, oil and precious metals futures.

The Index is described as an “excess return” index (excluding interest on notional cash) and is subject to a 1.00% per annum daily deduction. It follows a momentum-based allocation strategy with regular rebalancing and weighting constraints, and can hold notional short positions. Disclosures emphasize that historical, hypothetical backtested performance and allocations are not indicative of future results, that the Index was established on November 18, 2022 and has a limited live track record, and that an affiliate, J.P. Morgan Securities LLC, sponsors and calculates the Index and may adjust it. Extensive risk factors highlight concentration in bond constituents, futures-related risks (including correlation, roll, margin and possible use of non‑exchange‑traded contracts), and exposure to non‑U.S. markets, small‑cap equities and commodities.

JPMorgan is offering notes linked to the MerQube US Gold Vol Advantage Index, an index that uses gold futures and volatility targeting, subject to a 6.0% per annum daily deduction. The materials present monthly and annual returns that are largely hypothetical backtested performance from December 26, 2007 through February 10, 2025, and actual index performance from February 11, 2025 through July 31, 2026.

The disclosures emphasize that historical and backtested results, including large positive years such as 2009 and 2024 and large negative years such as 2012, are illustrative only and not indicative of future results. Key risks include leverage, volatility targeting that may not be met, potential volatility drag, the use of gold futures, excess return (not total return) construction, concentration in a single strategy, possible illiquidity or disruptions in futures markets, and the index’s limited operating history since February 11, 2025. The notes are unsecured obligations, not bank deposits, not FDIC insured, and have not been approved or disapproved by the SEC or any state regulator.

JPMorgan Chase & Co. provides an index supplement for the J.P. Morgan Total Return SM Index, describing how the index is constructed, rebalanced monthly and constrained across a basket of fixed-income and related ETFs such as Treasuries, investment-grade and high-yield credit, emerging markets debt, inflation-protected bonds and mortgage-backed securities.

The index history combines hypothetical backtested returns using proxy benchmarks for several Basket Constituents from May 3, 2004 to June 25, 2014, backtested performance using actual ETF data from June 26, 2014 to July 12, 2017, and live performance from July 13, 2017 to July 31, 2026. Historical monthly and annual returns include positive years such as 12.96% in 2018 and negative years such as -9.72% in 2021.

The index targets volatility management but may not maintain volatility below its 5% historical volatility threshold and may underperform other strategies. The document highlights extensive risk factors, including reliance on a momentum-based strategy, correlation risks among Basket Constituents, use of notional rather than actual assets, the use and limitations of hypothetical backtested and alternative performance data, potential index adjustments by J.P. Morgan Securities LLC as Index Sponsor, and the credit risk of JPMorgan Financial and JPMorgan Chase & Co. It stresses that historical and backtested performance and allocations are not indicative of future results.

The J.P. Morgan Total Return^SM Index is a rules-based strategy that allocates dynamically among 12 U.S. dollar fixed income ETFs, each tied to a different bond sector. It rebalances monthly into the portfolio with the highest prior six-month performance, subject to a 5% historical volatility threshold and concentration limits, and is calculated on a total return basis.

The index began on July 13, 2017, and the materials present a mix of hypothetical backtested data and actual performance through July 2026, including monthly and annual return history. The strategy is momentum-based and uses notional assets and liabilities rather than an actual asset portfolio. The risk disclosure emphasizes limited live history, potential underperformance versus broad bond benchmarks, the limitations of backtested results, and exposure to a wide range of fixed-income and ETF-specific risks, as well as the conflict of interest that may arise because an affiliate sponsors and can adjust the index.

J.P. Morgan Multi-Asset Index is a rules-based strategy that allocates dynamically among up to 10 futures-based indices across equities, fixed income, commodities and global markets. It rebalances at least monthly into the portfolio with the highest recent performance, generally subject to a historical volatility threshold and constituent and sector concentration limits, and is subject to a 1.00% per annum daily deduction.

The index is an excess-return index, established on November 18, 2022, with levels published under ticker MAX. Performance statistics for July 2016–July 2026 combine hypothetical backtested results before November 18, 2022 with actual performance thereafter. Over the last 10 years, the index shows a 10 Year Return (Annualized) of 2.04%, 10 Year Volatility (Annualized) of 4.54% and a Sharpe Ratio of 0.45, compared with lower risk-adjusted performance for the domestic and global 30/70 reference portfolios. The materials emphasize that past and especially backtested performance are not indicative of future results and highlight numerous risks, including strategy, concentration, futures, fixed income, non-U.S. markets, correlation and margin risks.

J.P. Morgan provides a performance update for the MerQube US Gold Vol Advantage Index, a rules-based index offering dynamic exposure to gold futures while targeting 35% volatility. The index can adjust its gold futures exposure between 0% and 500%, rebalancing monthly based on 1‑month implied volatility, and applies a 6.0% per annum daily deduction. It was established on February 11, 2025, and levels are published under ticker MQUSGVA.

From July 2016 to July 2026, hypothetical and actual data show the index with 10‑year annualized volatility of 40.27% and 10‑year annualized return of 15.52%, compared with 16.71% volatility and 7.89% return for the S&P GSCI Gold Official Close Index ER. Annual returns include 150.63% in 2025 and 63.85% in 2024, alongside years of material drawdowns. Recent exposure ranged between 128.04% and 157.05% during May–July 2026.

The update emphasizes that much of the history is hypothetical backtested performance, which has inherent limitations and is not indicative of future results. Detailed risk disclosures highlight leverage, volatility targeting, volatility drag, futures roll and margin effects, concentration in gold, the excess‑return nature of the index, and potential conflicts as J.P. Morgan affiliates helped design the index and license it from MerQube.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due September 6, 2028, linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon of at least 9.00% per annum (at least 0.75% per month) only if, on each monthly Interest Review Date, the closing level of each index is at or above its Interest Barrier of 70.00% of its Initial Value. If any index is below its barrier on a review date, no interest is paid for that period.

The notes are automatically called quarterly if, on an Autocall Review Date (earliest March 1, 2027), the closing level of each index is at or above its Initial Value, in which case investors receive $1,000 per note plus the applicable coupon and no further payments. If the notes are not called and, at maturity, the Final Value of each index is at or above its Trigger Value of 60.00% of Initial Value, investors receive $1,000 per note plus any final coupon.

If the notes are not called and the Final Value of any index is below its Trigger Value, the principal repayment is reduced by the full negative return of the least performing index, so investors lose more than 40% of principal and could lose the entire investment. The notes are unsecured, unsubordinated obligations, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is $973.90 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000 at pricing.

JPMorgan provides an updated performance snapshot for the MerQube US Tech+ Vol Advantage Index, a rules-based strategy targeting a specified implied volatility level by dynamically adjusting exposure to an underlying asset between 0% and 500%. Since February 9, 2024, the underlying asset has been an unfunded total-return position in the Invesco QQQ Trust, Series 1, reduced by a notional financing cost; before that, it referenced E‑Mini Nasdaq‑100 futures. The Index was established on June 22, 2021 and its levels appear on Bloomberg under MQUSTVA.

The Index level reflects a 6.0% per annum daily deduction in addition to financing costs on the underlying, and may at times be significantly leveraged or uninvested. The update shows hypothetical backtested and actual historical returns and volatilities versus the Nasdaq‑100 Index over 10, 5, 3 and 1‑year horizons, as well as recent daily exposure ranges between roughly 107% and 178%. JPMorgan and MerQube emphasize that historical and backtested figures are hypothetical, have not been independently verified, and are not indicative of future results, and they highlight multiple risks including leverage, volatility drag, QQQ tracking and management risk, and limited operating history.

JPMorgan Chase & Co. provides an index supplement for notes linked to the MerQube US Tech+ Vol Advantage Index, showing hypothetical backtested monthly and annual returns from January 7, 2005 through June 21, 2021 and actual index performance from June 22, 2021 through July 31, 2026.

The index, established on June 22, 2021, targets a volatility-managed tech exposure but applies a 6.0% per annum daily deduction and a notional financing cost. Historical returns vary widely, including an annual gain of 84.72% in 2016 and a decline of 47.49% in 2021, illustrating substantial performance dispersion.

Key risks include potential failure to meet its target volatility, use of significant leverage, possible “volatility drag,” and periods when the index may be significantly uninvested. On February 9, 2024, the Invesco QQQ Trust, Series 1 replaced E‑Mini Nasdaq‑100 futures as the underlying asset, and the index has no operating history with this asset before that date. The material stresses that backtested and historical results are hypothetical, unverified by an independent third party, and not indicative of future results, and that investments in the linked notes may not suit all investors.

JPMorgan describes an index supplement for notes linked to the MerQube US Large‑Cap Vol Advantage Index, providing hypothetical backtested returns from January 7, 2005 through February 10, 2022 and actual index performance from February 11, 2022 through July 31, 2026. The material emphasizes that both historical and backtested performance are illustrative and not indicative of future results.

The index includes a 6.0% per annum daily deduction, uses futures contracts, target volatility and significant leverage, and is an excess return index that does not reflect interest on notional cash. It has a limited operating history since its establishment on February 11, 2022 and is exposed to risks such as volatility drag, periods of being significantly uninvested, concentration in certain contracts and potential market disruptions. J.P. Morgan Securities LLC coordinated with MerQube in developing the index methodology and licenses it, while stating that it has no obligation to consider investors’ interests. The notes linked to the index are not bank deposits, are not insured by the FDIC or any governmental agency, and are not obligations of, or guaranteed by, a bank.

JPMorgan provides an August 2026 performance update for the MerQube US Small-Cap Vol Advantage Index, a rules-based index giving dynamic exposure to E-Mini Russell 2000 futures. The index targets 35% volatility with exposure ranging between 0% and 500% of futures notional and applies a 6.0% per annum daily deduction.

The index was established on June 21, 2022, with backtested data shown from 2016 and actual levels from June 2022 through July 2026. The update includes monthly and annual hypothetical and actual returns and examples of recent daily leverage exposures, which were generally well above 100% during May–July 2026.

The document stresses that historical and hypothetical backtested performance are not indicative of future results, highlights limitations of modeling, and lists numerous risks, including leverage risk, volatility drag, futures term structure effects, small-cap equity exposure, and that the index is an excess return rather than a total-return measure. It also notes that JPMS helped design the index and licenses it from MerQube.

JPMorgan provides a performance update for the MerQube US Large-Cap Vol Advantage Index, a rules-based strategy that takes a dynamic, unfunded rolling position in E-Mini S&P 500 futures, targeting 35% volatility with exposure between 0% and 500% of notional. The index deducts a 6.0% per annum daily fee and was established on February 11, 2022.

From July 2016 to July 2026, the index shows backtested and actual annualized metrics, including a 10-year volatility of 29.79% and a 10-year annualized return of 14.08%, versus the S&P 500 Index at 18.11% volatility and 13.17% return. Recent historical exposures in May–July 2026 ranged roughly from 175% to 311% of futures notional, reflecting significant leverage. The materials emphasize that much of the history is hypothetical backtested performance, which has inherent limitations and is not indicative of future results, and they highlight numerous risks, including leverage, volatility drag, potential underperformance of the volatility target, and the excess-return nature of the index.

JPMorgan is updating index information for notes linked to the MerQube US Small-Cap Vol Advantage Index. The materials present monthly and annual percentage returns, combining hypothetical backtested performance from January 7, 2005 through June 17, 2022 with actual index performance from June 21, 2022 through July 31, 2026. The index itself was established on June 21, 2022.

The index embeds a 6.0% per annum daily deduction and is an excess return index using futures and volatility targeting, with potential leverage and periods of being significantly uninvested. The disclosure emphasizes that historical and backtested results are illustrative, have inherent limitations, and are not indicative of future returns, and highlights multiple risks tied to futures, small-cap exposure, volatility dynamics and possible index adjustments by MerQube and J.P. Morgan.

JPMorgan Chase Financial Company LLC is offering Contingent Interest Notes due August 17, 2029, linked to the least performing of the Russell 2000, Nasdaq-100 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Holders receive a Contingent Interest Payment of at least $51.25 per $1,000 on each semiannual Review Date only if the closing level of each index is at or above its Interest Barrier of 75% of its Initial Value, corresponding to a Contingent Interest Rate of at least 10.25% per annum. If any index is below its Interest Barrier on a Review Date, no interest is paid for that period.

At maturity, if the Final Value of each index is at or above its Trigger Value of 70% of Initial Value, investors receive $1,000 per note plus any final contingent interest. If the Final Value of any index is below its Trigger Value, principal is reduced 1% for each 1% decline of the Least Performing Index from its Initial Value, leading to losses greater than 30% and possibly a total loss of principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., pay no fixed interest or dividends, are not listed on any exchange, and may have limited or no liquidity. The estimated value on the trade date would be about $986.40 per $1,000 note and will not be less than $900, reflecting structuring and hedging costs and an internal funding rate.

JPMorgan Chase & Co. provides performance information and risk disclosures for the S&P 500® Daily Risk Control 10% Index, which targets 10% volatility by dynamically adjusting exposure to the S&P 500®.

The index history combines hypothetical backtested monthly and annual returns from December 31, 1998 through May 12, 2009 with actual index performance from May 13, 2009 through July 31, 2026. Annual returns over this period range from double‑digit losses to gains above 20%, illustrating substantial variability.

Key risks noted include that JPMorgan Chase & Co. is a constituent of the underlying S&P 500® index; the index may not outperform or underperform the underlying index; it may not achieve its 10% target volatility; daily exposure adjustments can limit gains or magnify losses; the index may at times be significantly uninvested; and its level reflects a deducted notional financing cost, whose calculation methodology was recently changed. The materials emphasize that historical and backtested performance and allocations are not indicative of future results and that all backtested data are hypothetical and subject to modeling limitations.

JPMorgan Chase & Co. provides an index supplement for the S&P 500® Daily Risk Control 5% Index, linked to its registered offerings. The material presents hypothetical backtested monthly and annual returns from January 4, 1999 through September 9, 2009 and actual index performance from September 10, 2009 through July 31, 2026.

The index targets a 5% volatility level by adjusting its daily exposure to the S&P 500® and incorporates a notional financing cost, whose calculation methodology was recently changed. Selected risks highlight that the index may not meet its target volatility, may be significantly uninvested, may underperform or outperform the underlying index, and that JPMorgan Chase & Co. is itself a constituent of the underlying index. Extensive disclaimers emphasize that historical and hypothetical backtested results, including those using proxy constituents, are illustrative only and are not indicative of future results.

JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide exposure to Index performance over a term to August 25, 2031, with an Observation Date on August 20, 2031.

At maturity, if the Final Index Value is at least the Barrier Amount of 75.00% of the Initial Value, investors receive $1,000 plus the greater of (a) a Contingent Digital Return of at least 39.60% or (b) the actual Index Return, giving uncapped upside. If the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 times the Index Return, so investors lose 1% of principal for each 1% Index decline and can lose their entire investment.

The minimum denomination is $1,000. If priced on the date shown, the estimated value would be about $960 per $1,000 note and will not be less than $950 when set, reflecting selling commissions, hedging costs and issuer funding assumptions. Payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co., the notes pay no interest or dividends, are not listed, and may be subject to early acceleration if certain legal or regulatory changes occur.

JPMorgan provides an August 2026 performance update for the S&P 500 Daily Risk Control 10% Excess Return Index, which allocates dynamically between the S&P 500 and a cash component to target 10% annualized volatility. Volatility is based on exponentially weighted historical returns, and the index is calculated on an excess return basis after deducting a notional financing cost linked to the J.P. Morgan Cash Index USD 3 Month.

The update compares hypothetical and actual performance of the index since 2016 to two notional 30/70 equity–bond portfolios. Over the 10 years to July 2026, the index shows a Sharpe Ratio of 0.63, 10 Year Volatility (Annualized) of 12.72% and 10 Year Return (Annualized) of 8.02%. JPMorgan highlights that all portfolio performance for comparison is hypothetical, that past or backtested results are not indicative of future outcomes, and outlines selected risks, including that JPMorgan Chase & Co. is a component of the underlying index and that changes to the notional financing cost methodology affect index levels.

JPMorgan provides an August 2026 performance and risk update for the S&P 500 Daily Risk Control 5% Index, which dynamically allocates between the S&P 500 and a cash component to target 5% volatility. Volatility is measured using exponentially weighted historical returns and the index is calculated on an excess return basis after deducting a notional financing cost linked to the J.P. Morgan Cash Index USD 3 Month.

The update compares hypothetical and actual performance of the Index to two notional, monthly rebalanced 30/70 equity–bond portfolios on an excess-return basis. Over the period from July 2016 to July 2026, the Index shows a Sharpe Ratio of 0.78, with 10-year annualized volatility of 5.07% and a 10-year annualized return of 3.96%. The Domestic 30/70 Portfolio (ER) records a Sharpe Ratio of 0.41 and the Global 30/70 Portfolio (ER) 0.17. The document lists detailed monthly and annual historical and hypothetical returns from 2017 through July 2026, while emphasizing that past and backtested results are not indicative of future performance.

Key risks highlighted include that JPMorgan Chase & Co. is one of the companies in the underlying index, the Index may not approximate its 5% target volatility, may be significantly uninvested, and its dynamic exposure can limit upside or magnify downside relative to the underlying index. The level of the Index also reflects the deduction of a notional financing cost, and its methodology for calculating that cost was recently changed.

JPMorgan Chase Financial Company LLC is issuing $622,000 of Uncapped Digital Barrier Notes linked to the least performing of PulteGroup, Microsoft and S&P Global shares, maturing August 9, 2029, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

Each $1,000 note offers uncapped, unleveraged exposure to the appreciation of the worst-performing stock, with a 45.00% Contingent Digital Return if all three final prices are at or above their respective Barrier Amounts, set at 50.00% of Initial Value. If any stock closes below its Barrier Amount on the observation date, repayment is $1,000 + $1,000 × the Least Performing Stock Return, creating a 1-for-1 downside and potential loss of more than half, up to all, of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. The price to public is $1,000 per note, including a $10 selling commission, while the estimated value at pricing was $960 per note.

JPMorgan Chase & Co. provides a performance update for the rules-based J.P. Morgan Tactical Blend Index, which allocates dynamically between a U.S. low-volatility equity index, a core bond index and a U.S. dollar currency ETF, while targeting a volatility level and applying a 0.85% per annum daily deduction on an excess-return basis.

From July 2016 through July 2026, the Index shows a Sharpe Ratio of 0.48, 10-year annualized volatility of 3.55% and 10-year annualized return of 1.72%, compared with Sharpe Ratios of 0.41 and 0.17 for domestic and global 30/70 notional portfolios. Shorter-horizon annualized returns for the Index are negative over 5, 3 and 1 years.

The update details recent average monthly weights between equity, bond and currency constituents from February to July 2026 and provides a monthly return history from January 2017 through July 2026, combining hypothetical backtested data before March 30, 2023 and actual performance thereafter. Extensive risk disclosures emphasize limitations of backtesting, potential divergences from target volatility, rebalancing and momentum-strategy risks, and the notional nature of the Index.

JPMorgan Chase Financial Company LLC is offering Buffered Digital Notes linked to the common stock of Qualcomm (QCOM), fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and matures on September 10, 2027, with an observation date on September 7, 2027.

If the final Qualcomm share price is at or above the strike of $160.39, or down by up to the 40.00% Buffer Amount, investors receive principal plus a fixed Contingent Digital Return of at least 15.40%. If the final price is below the buffer, repayment is reduced by a Downside Leverage Factor of 1.66667, so losses accelerate and investors can lose some or all principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The indicative estimated value is $984.30 per $1,000 note, and will not be less than $960.00 at pricing.

JPMorgan provides a performance update for the J.P. Morgan Kronos+ SM Index, a rules-based strategy that dynamically shifts between uninvested, fully invested and 2x leveraged exposure to the S&P 500 Price Index. The approach is based on turn-of-month patterns, options-expiry momentum and month-end mean reversion. The index deducts a 0.95% per annum fee and may incur a notional financing cost tied to the Effective Federal Funds Rate.

The update includes hypothetical backtested data from July 2016 and actual index performance from December 22, 2020 through July 31, 2026. Over the last ten years, the Kronos+ Index shows a Sharpe Ratio of 0.74, annualized volatility of 25.65% and a 10-year annualized return of 18.87%, compared with the S&P 500 Price Index’s Sharpe Ratio of 0.73, volatility of 18.11% and 10-year annualized return of 13.17%. The material emphasizes that past and backtested performance are not indicative of future results and lists numerous strategy, fee, leverage and rate-related risks for investors in notes linked to the index.

JPMorgan is offering notes linked to the J.P. Morgan Tactical Blend Index, an index that allocates notional exposure among a currency ETF (Invesco DB US Dollar Index Bullish Fund), the J.P. Morgan Core Bond SM Index and the J.P. Morgan U.S. Low Volatility Index. The index is calculated on an excess return basis over the US Fed Funds Effective Rate and is subject to a 0.85% per annum daily deduction.

Historical information includes hypothetical backtested returns and weights through March 29, 2023 and actual index performance and allocations from March 30, 2023 to July 31, 2026. Backtests use alternative “proxy” performance for some Basket Constituents, including before 6/10/08. The material emphasizes that historical and backtested performance and allocations are not indicative of future results, outlines numerous strategy and methodology risks, and notes the securities are not bank deposits, not FDIC insured, and have not been approved or disapproved by the SEC or state regulators.

JPMorgan is offering notes linked to the J.P. Morgan Kronos+ SM Index under an effective shelf registration. The index combines hypothetical backtested performance, using the S&P 500 Price Return Index from July 7, 1954 to December 21, 2020, and actual index performance from December 22, 2020 to July 31, 2026. The materials stress that historical and backtested returns are not indicative of future results and that all simulations are illustrative with inherent limitations.

The index deducts a 0.95% per annum fee and may include a notional financing cost based on the Effective Federal Funds Rate. It employs turn-of-month, option expiry momentum and mean reversion strategies that are applied only during portions of each month, and the index may at times be uninvested in its constituent. J.P. Morgan Securities LLC acts as sponsor and calculation agent and can adjust the index, while JPMorgan Chase & Co. is itself a constituent, creating potential conflicts. The index was established on December 22, 2020 and is composed of notional assets and liabilities, not an actual portfolio. The notes are not bank deposits, not FDIC insured and not obligations of, or guaranteed by, a bank, and regulators have not approved or disapproved them.

JPMorgan describes structured notes linked to the J.P. Morgan Large-Cap Dynamic Blend 3 Index, which combines equity and bond futures using a rules-based allocation. Historical performance shown includes hypothetical backtested returns based on actual basket-constituent data from July 25, 1990 through March 22, 2021 and actual index performance from March 23, 2021 through July 31, 2026.

The index was established on March 23, 2021, and its portfolio constituents on December 22, 2020. It is calculated on an excess return basis with a 0.95% per annum daily fee deduction and is designed with a target volatility of 3.0%, though it may not achieve this level. The index uses daily adjustments to notional exposures to its portfolio constituents and can be partially uninvested when all qualifying portfolios exceed the target volatility, in which case the uninvested portion earns no return.

Multiple risks are highlighted, including index-sponsor conflicts, limited operating history, reliance on notional assets, correlation risks between portfolio constituents, futures-market disruptions, margin changes, negative roll returns and fixed-income risks. Investments linked to the index are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.. The materials emphasize that historical and backtested performance are not indicative of future results and that any investment must be evaluated for individual suitability.

JPMorgan provides an update on the J.P. Morgan Dynamic Blend Index, a rules-based index that allocates between an Equity Constituent and a Bond Constituent while targeting a 3.0% volatility. The index tracks S&P 500 futures via the J.P. Morgan US Large Cap Equities Futures Index and 2-year U.S. Treasury note futures via the J.P. Morgan 2Y US Treasury Futures Index, and is reduced by a 0.95% per annum daily fee.

The index was established on March 23, 2021, with levels published under ticker JPUSDYBL. Performance statistics from July 2016 through July 2026 combine backtested and actual data, with clear disclosure that past and especially hypothetical backtested performance are not indicative of future results. Over the past 10 years, the index shows a 0.42% annualized return, 3.11% annualized volatility and a Sharpe ratio of 0.13, compared with domestic and global 20/80 equity-bond notional portfolios presented on an excess-return basis.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the least-performing of Intel, Delta Air Lines and Regeneron Pharmaceuticals, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is unsecured and unsubordinated, with all payments subject to the credit risk of both the issuer and guarantor.

The notes may be automatically called as early as November 9, 2026 if each stock is at or above 70.00% of its strike value, paying back $1,000 plus a call premium of at least $153 per $1,000, after which no further payments are made. If not called, at maturity on August 10, 2029 investors receive leveraged upside of 1.50x any gain in the least-performing stock, full principal back if all stocks stay at or above 60.00% of their strike values, or a 1% loss of principal for each 1% that the least-performing stock finishes below its strike when any stock breaches that 60.00% barrier, potentially resulting in a total loss. The estimated value is expected to be below the $1,000 issue price, and the notes pay no interest or dividends and are not listed, creating liquidity and valuation risks.

JPMorgan Chase is providing updated information on the S&P® Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER, including hypothetical backtested and actual historical monthly and annual returns from November 20, 1996 through July 31, 2026. Index performance before September 18, 2023 is hypothetical backtested using the current methodology; performance from September 18, 2023 onward is based on actual Index levels.

The Index targets a 5% daily volatility and reflects a 0.50% per annum index deduction and a notional financing cost, both deducted daily, which reduces returns relative to the underlying equity index. Disclosures highlight that past and backtested performance are not indicative of future results, that backtests rely on constituents and proxy constituents that may not have traded together, and that alternative modeling could produce materially different outcomes. Identified risks include the possibility the Index may not track its target volatility, may be significantly uninvested, and may not fully reflect gains or losses of the underlying index. Investors are directed to additional risk factor discussions in related supplements and term sheets.

JPMorgan Financial is offering auto callable contingent interest notes due August 31, 2028, linked separately to the Nasdaq-100, Russell 2000 and S&P 500 indices and fully guaranteed by JPMorgan Chase & Co. Investors may receive a monthly Contingent Interest Payment when, on an Interest Review Date, the closing level of each index is at least 70% of its Initial Value (the Interest Barrier). The notes are automatically called on quarterly Autocall Review Dates, starting February 26, 2027, if each index is at or above its Initial Value, paying $1,000 plus the applicable contingent coupon, with no further payments.

If not called and on the final Review Date each index is at or above its Trigger Value (also 70% of Initial Value), holders receive $1,000 plus the final contingent coupon. If any index finishes below its Trigger Value, repayment of principal is reduced one-for-one with the decline of the Least Performing Index, potentially to zero. The Contingent Interest Rate will be at least 8.00% per annum, paid at 0.66667% per month, but may be paid on few or no dates. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is $955.60 per $1,000 note at launch and will not be less than $900.00, below the issue price due to selling commissions, hedging costs and structuring fees.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and may be automatically called on any Review Date if both indices close at or above 100% of their Initial Values. If called, investors receive $1,000 plus a call premium of at least 11.75%, 23.50% or 35.25% on the first, second and final Review Dates, respectively. If not called and both Final Values are at or above 60% of Initial Value, principal is repaid at maturity on September 6, 2029; otherwise, repayment is reduced one-for-one with the decline of the lesser performing index, exposing investors to a loss of more than 40% and potentially all principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of the issuer and guarantor, and had an indicative estimated value of approximately $969.40 per $1,000, with a final estimated value not less than $900.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the lesser performing of the EURO STOXX 50® Index and the STOXX® Europe 600 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about August 31, 2026, settle on or about September 3, 2026, and mature on September 4, 2031.

The notes may be automatically called on September 6, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $182.50 per $1,000 note. If not called and each index finishes above its Initial Value at maturity, investors receive $1,000 plus 1.50× the return of the lesser performing index. If either index is at or below its Initial Value but both stay at or above a 70% Barrier Amount, principal is returned. If the lesser performing index closes below its Barrier Amount, repayment is reduced dollar-for-dollar with the index loss, down to a total loss of principal.

The minimum denomination is $1,000. The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $940.90 per $1,000 today and will not be less than $900.00 per $1,000 at pricing, reflecting embedded fees, hedging costs, and dealer compensation. The product entails significant market, currency, liquidity, structural and tax risks, including potential loss of the entire investment.