JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is issuing $1,012,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note and mature on August 7, 2031.

At maturity, investors receive 2.14 times any positive Index return, with a 15% downside buffer. If the Index falls more than 15%, principal is reduced 1% for each additional 1% decline, for a maximum 85% loss and minimum payment of $150 per $1,000 note. The notes pay no interest, are unsecured, not listed, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The price to public includes selling commissions of $7.50 per $1,000 note; net proceeds to the issuer are $992.50 per note. The estimated value at pricing was $977.10 per $1,000 note, reflecting structuring and hedging costs and an internal funding rate.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes due August 17, 2028, linked to the lesser performer of the Nasdaq-100® Technology Sector and the S&P 500® Index. The notes target an uncapped upside: at maturity, if the lesser-performing index finishes above its initial level, investors receive principal plus at least 1.275x that index’s gain.

If the lesser-performing index is flat or down by up to the 10.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute value of that decline, capped at $1,100 per $1,000 note when the lesser-performing index return is negative. If the lesser-performing index falls by more than 10.00%, investors lose 1% of principal for each 1% drop beyond the buffer, for a maximum loss of 90.00% of principal at maturity.

The notes pay no interest or dividends, are issued in $1,000 minimum denominations, and are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to both entities’ credit risk. They are not bank deposits or FDIC-insured and will not be listed on any exchange, so liquidity will depend on JPMS making a market. If priced on the date illustrated, the estimated value would be about $983.30 per $1,000 note, and the final estimated value disclosed at pricing will not be less than $900.00 per $1,000 note, reflecting embedded selling commissions, hedging costs and issuer funding assumptions. The tax disclosure notes the issuer’s view that the notes may be treated as open transactions for U.S. federal income tax purposes, while highlighting the possibility of adverse future IRS or Treasury guidance.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on February 10, 2028. The notes provide unleveraged exposure to index appreciation up to a Maximum Upside Return of at least 33.00%, and to the absolute value of index declines up to a 15.00% Buffer Amount. If the index finishes more than 15.00% below its initial level, investors lose 1% of principal for each additional 1% decline, for a maximum loss of 85.00% of principal (minimum maturity payment of $150.00 per $1,000 note). The notes pay no interest, are issued in minimum denominations of $1,000, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the described date, the estimated value would be approximately $984.60 per $1,000 note and will not be less than $900.00 per $1,000 when set.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,577,000 of unsecured structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, maturing August 9, 2032. The notes can be automatically called on 21 quarterly Review Dates starting August 6, 2027 if the Index is at or above the Call Value, paying $1,000 plus a growing Call Premium that ranges from 26.20% to 157.20% of principal.

If not called, principal is repaid at maturity only if the Final Index Value is at or above the Barrier Amount, set at 50% of the Initial Value (7,102.24). Below the barrier, payoff is $1,000 plus $1,000 × Index Return, exposing holders to losses greater than 50% and potentially a total loss of principal.

The Index applies a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ-based exposure, meaning it will generally lag a comparable index without such charges and may decline even when the underlying strategy is flat or modestly positive. The notes do not pay interest or dividends, are subject to JPMorgan credit risk, include embedded fees (price to public $1,000 vs. estimated value $938.60), are not listed, and may have limited or discounted secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering structured notes due August 19, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes have $1,000 minimum denominations and pay no interest or dividends.

The notes may be automatically called on annual Review Dates starting August 18, 2027 if each index is at or above its Call Value (100% of its Initial Value), paying back principal plus a call premium of at least 11.75%–58.75% of principal, depending on the call date. If not called, and on the final Review Date every index is at or above its Barrier Amount of 70% of Initial Value, investors receive principal back at maturity.

If any index finishes below its Barrier Amount, maturity payment is $1,000 + ($1,000 × Least Performing Index Return), exposing investors to losses greater than 30% and down to a total loss of principal. An indicative estimated value is $941 per $1,000 note, and the final estimated value will not be less than $900 per $1,000. Returns and repayment are subject to the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Accelerated Barrier Notes due August 17, 2029, linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, in $1,000 minimum denominations, fully guaranteed by JPMorgan Chase & Co.

At maturity, if all three indices are at or above 70% of their initial levels, investors receive either 1.28x any gain of the least performing index or a positive return equal to its absolute loss, capped at 30% ($1,300 per $1,000). If any index finishes below 70% of its initial level, principal is reduced one-for-one with the least performing index, down to a total loss.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., will not be listed, and may trade below the issue price. The indicative estimated value is about $962.10 per $1,000, and will not be less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC is offering Digital Barrier Notes due September 29, 2027, 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.

At maturity, investors receive a fixed return of 6.90% (payment of $1,069 per $1,000) if the Final Value of each Index is at least 60.00% of its Initial Value (the Barrier Amount). If any Index finishes below its Barrier Amount, principal is reduced 1% for every 1% decline of the Least Performing Index from its Initial Value, down to a total loss.

The notes have minimum denominations of $1,000, pay no periodic interest and provide no dividends or equity ownership rights. They are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the example date, the estimated value would be about $974.40 per $1,000, and when set will not be less than $900.00 per $1,000, reflecting embedded fees, hedging costs and dealer compensation. The notes will not be listed, and secondary market prices are expected to be below the original issue price. Tax treatment is uncertain and may be materially affected by future IRS guidance.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index, maturing August 16, 2029 and guaranteed by JPMorgan Chase & Co.

The notes provide 1.423x leveraged upside on any positive return of the least performing index at maturity, and a dual-direction feature that pays the absolute value of any index decline up to a 20% Buffer Amount. If any index falls more than 20%, principal is reduced 1% for each 1% additional decline, up to a maximum 80% loss.

The notes pay no interest, offer no dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. If priced today, the estimated value would be about $964.50 per $1,000 note, and will not be less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC is offering $545,000 Auto Callable Contingent Interest Notes linked to the common stock of Alcoa Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 24.50% per annum contingent interest (6.125% per quarter), equal to $61.25 per $1,000 note for each Review Date on which Alcoa’s share price is at or above the Interest Barrier of $31.388, which is 70.00% of the Strike Value of $44.84. The notes may be automatically called as early as November 3, 2026 if Alcoa’s share price is at or above the Strike Value, returning $1,000 plus applicable interest and any unpaid contingent interest. If not called and the final price is below the Trigger Value (also 70.00% of the Strike Value), repayment is $1,000 + ($1,000 × Stock Return), exposing investors to losses greater than 30% and potentially a total loss of principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at pricing was $956.60 per $1,000 note, below the issue price due to embedded costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and pays a monthly Contingent Interest Payment only when the Index closes at or above 75.00% of its Initial Value (the Interest Barrier). The notes may be automatically called as early as August 2027 if the Index is at or above 97.00% of the Initial Value (the Call Value), in which case investors receive $1,000 plus the applicable interest and no further payments. If held to August 15, 2031 and not called, principal is protected only down to the 85.00% Buffer Threshold; below that level, investors lose 1% of principal for each 1% additional Index decline, for a maximum loss of 85.00%. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost (SOFR plus 0.50%), meaning it will lag a similar index without these charges. The indicative Contingent Interest Rate is at least 13.35% per annum, and the current estimated value is about $905.90 per $1,000 note, reflecting structuring and distribution costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering structured Callable Contingent Interest Notes with an aggregate principal amount of $821,000, linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, and maturing on February 9, 2028. The notes pay a Contingent Interest Rate of 8.80% per annum (0.73333% per month) only for Review Dates when the closing level of each index is at or above 65.00% of its Initial Value, an Interest Barrier that also serves as the Trigger Value. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning November 9, 2026, paying $1,000 plus the applicable contingent interest.

If the notes are not called and, on the final Review Date, any index is below its Trigger Value, principal is reduced 1% for each 1% decline in the Least Performing Index, potentially down to zero. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and subject to their credit risk. The issue price is $1,000 per note, including $22.25 in fees and commissions, with an estimated value of $969.70 per note at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $300,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 7, 2031. The notes pay a high contingent interest rate of 17.65% per annum (1.47083% per month) only for review dates when the index closes at or above 70% of its initial value (the Interest Barrier); no interest is guaranteed.

The notes may be automatically called as early as August 4, 2027 if, on certain review dates, the index closes at or above its initial value, returning $1,000 per note plus the applicable contingent interest, with no further payments. If not called, principal is protected only if the final index level is at or above 60% of the initial value (the Trigger Value; investors then receive par plus any final interest). If the final index level is below the Trigger Value, repayment is reduced 1:1 with the index loss, down to zero. The underlying index employs up to 500% leverage, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction, which drags performance. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and may be illiquid in any secondary market.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $480,000 of Uncapped Accelerated Barrier Notes linked to the lesser performer of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing August 7, 2031. Each $1,000 note offers 2.04x upside participation in any positive return of the lesser performing underlying at maturity, with no cap. If either underlying finishes below its Initial Value but at or above 60% of its Initial Value, investors receive principal back. If either finishes below 60%, principal is reduced 1% for each 1% decline of the lesser performer, potentially down to zero. The notes pay no interest or dividends, are unsecured, not FDIC insured, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $7.50 in selling commissions, versus an estimated value of $949.70 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering $261,000 of structured Callable Contingent Interest Notes linked separately to the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on August 9, 2028.

The notes pay a Contingent Interest Rate of 8.30% per annum, credited monthly only if on a Review Date the closing level of each index is at or above 70.00% of its Initial Value. The issuer may redeem the notes early on specified Interest Payment Dates, starting November 9, 2026, paying $1,000 plus any due contingent interest. If held to maturity and not called, investors receive $1,000 plus any final interest if the Final Value of each index is at or above its Trigger Value of 60.00% of Initial Value; otherwise, principal is reduced 1% for each 1% decline of the lesser performing index, down to a total loss.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $7.50 in selling commissions, with proceeds to the issuer of $992.50 per note. The issuer’s estimated value is $976.40 per $1,000 principal amount, reflecting internal funding rates, hedging costs and dealer compensation, and secondary market liquidity is expected to be limited.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index. The Index dynamically allocates to E-Mini Russell 2000 futures with up to 500% exposure and includes a 6.0% per annum daily deduction.

The notes pay a contingent interest rate of at least 12.25% per annum, or at least 3.0625% quarterly, but only if on a quarterly review date the Index is at or above 60% of its initial level. The notes are automatically called (after the first review date) if the Index is at or above its initial level, returning $1,000 per note plus the applicable contingent interest, with no further payments.

If not called, at maturity on August 29, 2031 investors receive $1,000 per note plus the final contingent interest if the Index is at or above the 60% trigger. If it is below the trigger, repayment is $1,000 + $1,000 × Underlying Return, so losses match the Index decline and can reach a 100% loss of principal. The minimum denomination is $1,000, and the estimated value when set will be at least $900 per $1,000 note. All payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year non-call 1-year auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index. The index provides rules-based exposure to E-Mini S&P 500 futures with a maximum 500% and minimum 0% futures exposure and is subject to a 6.0% per annum daily deduction.

The notes have a $1,000 minimum denomination, a pricing date of August 26, 2026, a final review date of August 26, 2031, and a maturity date of August 29, 2031, with quarterly review dates. If on any applicable review date the underlying is at or above the Interest Barrier/Trigger Value of 50% of the Initial Value, investors receive a contingent interest payment of at least 2.625% per quarter (at least 10.50% per annum. If the notes are not called and the final index value is below the trigger, repayment of principal is reduced one-for-one with the index decline, potentially to zero.

The notes are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value will not be less than $900 per $1,000 note when set, which may be lower than the price to the public. The issuer highlights multiple risks, including loss of principal, no guaranteed interest, leverage and futures-related risks in the index, limited liquidity, conflicts of interest and uncertain tax treatment.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers 5-year, quarterly-review Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index. The Index uses leveraged exposure (up to 500%) to E‑Mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction.

The notes have a minimum denomination of $1,000 and a contingent interest rate of at least 12.25% per annum, paid quarterly if the Index is at or above 60% of its initial value on a review date. If on any non-initial, non-final review date the Index is at or above its initial level, the notes are automatically called and pay back principal plus that period’s interest. At maturity, if not called and the final Index value is at or above 60% of the initial value, investors receive principal plus the final interest payment; if it is below 60%, repayment is reduced dollar-for-dollar with the Index loss, potentially to $0. The estimated value will not be less than $900 per $1,000 note, and payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes have a 3-year term, priced on August 26, 2026, with maturity on August 30, 2029, and quarterly review dates.

The notes pay a contingent interest rate of at least 11.50% per annum (at least 2.875% quarterly) only if the index level on a review date is at or above a 60% Interest Barrier. The same 60% level is the Trigger Value for principal protection at maturity. If the notes are not called and the final index value is below the Trigger Value, repayment of principal is reduced 1% for each 1% index decline from the initial value, down to a total loss. The index uses up to 500% futures leverage and is reduced by a 6.0% per annum daily deduction. The estimated value at issuance will be at least $900 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000 and are scheduled to price on August 26, 2026, with a final review date on August 26, 2031 and maturity on August 29, 2031.

The notes pay a quarterly contingent coupon at a rate of at least 10.50% per annum (at least 2.625% per quarter) if on a review date the index is at or above the interest barrier, set at 50% of the initial value. If, on any eligible review date, the index is at or above its initial value, the notes are automatically called, paying $1,000 plus that period’s contingent interest.

If not called, and at maturity the index is at or above the 50% trigger value, investors receive $1,000 plus the final contingent interest. If the final index value is below the trigger, the payoff is $1,000 plus $1,000 times the index return, exposing investors to a loss of more than 50% of principal, up to total loss. The index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ-based underlying asset. The estimated value of the notes on the pricing date will be at least $900 per $1,000 principal amount and any payment is subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing 5-year auto callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index. The Index provides rules-based exposure to gold futures with up to 500% leverage and includes a 6.0% per annum daily deduction.

The notes pay a contingent interest rate of at least 12.25% per annum, or at least 3.0625% quarterly, only if on a quarterly review date the Index is at or above 60% of its initial value. If on any review date other than the first and final the Index is at or above its initial value, the notes are automatically called at $1,000 plus that period’s interest, and no further payments are made.

If not called, and on the final review date the Index is at or above the 60% trigger, investors receive $1,000 plus the final contingent interest. If the final Index value falls below the trigger, repayment of principal is reduced 1% for every 1% decline from the initial value, down to a total loss. The estimated value will be no less than $880 per $1,000, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year, auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The Index references an unfunded total return position on the Invesco QQQ Trust, reduced by a 6.0% per annum daily deduction and a daily notional financing cost.

The notes pay a contingent interest rate of at least 12.25% per annum, or at least 3.0625% per quarter, but only if on a quarterly review date the Index is at or above an interest barrier equal to 60% of the initial value

If not called, and the final Index value is at or above the 60% trigger value, investors receive principal back plus the final contingent interest payment. If the final value is below the trigger, repayment is $1,000 + ($1,000 × Index return), exposing investors to 1-for-1 downside and potential total loss of principal. The estimated value will be at least $900 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 3-year non-call 6-month auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The Index reflects a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund exposure, with dynamic leverage between 0% and 500% of the underlying asset.

The notes pay a contingent interest rate of at least 11.50% per annum, or at least 2.875% per quarter, but only for quarters when the Index level on a review date is at or above the Interest Barrier of 60% of the Initial Value. If on any review date other than the first and final the Index is at or above the Initial Value, the notes are automatically called, paying $1,000 plus the applicable contingent interest, and then terminate.

If not called, and on the final review date the Index is at or above the Trigger Value of 60% of the Initial Value, investors receive $1,000 plus the final contingent interest payment. If the Final Value is below the Trigger Value, repayment is reduced by the full negative Index return, so investors lose 1% of principal for each 1% decline from the Initial Value and can lose their entire principal. The estimated value when set will be not less than $900 per $1,000 note. All payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the notes may be illiquid and may not pay any interest.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year non-call 6-month auto callable contingent interest notes linked to the MerQube US Small-Cap Vol Advantage Index. The notes have a minimum denomination of $1,000, a pricing date of August 31, 2026, quarterly review dates, a final review date of September 2, 2031 and a maturity date of September 5, 2031.

The notes pay a contingent interest rate of at least 14.50% per annum, or at least 3.625% per quarter, only if on a review date the index level is at or above the Interest Barrier, set at 60.00% of the Initial Value. If on any review date other than the first and final, the index is at or above its Initial Value, the notes are automatically called and pay $1,000 plus the applicable contingent interest, with no further payments.

If not called, and on the final review date the index is at or above the Trigger Value (60.00% of Initial Value), investors receive $1,000 plus the final contingent interest. If the final index value is below the Trigger Value, repayment equals $1,000 + ($1,000 × Underlying Return), resulting in losses of more than 40% of principal and possibly a total loss. The underlying index can vary its futures exposure between 0% and 500% and is subject to a 6.0% per annum daily deduction$900.00 per $1,000 principal amount, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year North America Structured Investments Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). The index provides rules-based exposure to E-Mini S&P 500 futures with 0%–500% leverage and includes a 6.0% per annum daily deduction.

The notes pay a contingent interest rate of at least 11.75% per annum, or at least 2.9375% per quarter, only if on a quarterly review date the index is at or above an Interest Barrier equal to 50.00% of the Initial Value. The same 50.00% level serves as the Trigger Value for principal protection at maturity.

Beginning after the first three review dates, the notes are automatically called if the index is at or above its Initial Value on a review date, returning $1,000 plus the applicable contingent interest per note, with no further payments. If the notes are not called and the Final Value is below the Trigger Value, repayment of principal is reduced dollar-for-dollar with the index loss, so investors can lose more than 50% and up to all of their principal. The minimum denomination is $1,000, and the estimated value when set will not be less than $900 per $1,000 note. All payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index. The notes have a 5-year term, quarterly review dates, and a minimum denomination of $1,000.

The notes pay a contingent interest rate of at least 14.50% per annum, or at least 3.625% per quarter, but only if on a review date the index level is at or above the Interest Barrier, set at 60% of the Initial Value. The index level reflects a 6.0% per annum daily deduction and can use leveraged futures exposure up to 500%.

The notes are automatically called if on any non-initial, non-final review date the index closes at or above the Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments. If not called, and at maturity the index is at or above the Trigger Value (60% of Initial Value), investors receive $1,000 plus the final contingent interest. If the final index value is below the Trigger Value, the payoff is $1,000 + ($1,000 × Underlying Return), so investors lose 1% of principal for each 1% index decline from the Initial Value and can lose their entire investment. The estimated value at pricing will be no less than $900 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 3-year, auto-callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, which uses leveraged E-Mini S&P 500 futures exposure (0%–500%) and embeds a 6.0% per annum daily deduction.

The notes pay a contingent interest rate of at least 13.50% per annum, or at least 3.375% quarterly, only if on a quarterly review date the index level is at or above 60% of the initial value. Starting six months after issuance, the notes are automatically called on any non-first, non-final review date when the index is at or above its initial level, returning $1,000 plus the contingent interest for that period.

If not called, and on the final review date the index is at or above the 60% trigger value, investors receive $1,000 plus the final contingent interest. If the final index value is below the trigger, principal is reduced 1:1 with the index loss from the initial level, so investors can lose more than 40% and up to all principal. The estimated value at pricing will be at least $900 per $1,000 note, and returns are subject to the credit risk of both issuer and guarantor.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, with quarterly review dates and a minimum denomination of $1,000. The index dynamically allocates exposure to an unfunded position in the Invesco QQQ Trust, with exposure between 0% and 500%, and is reduced by a 6.0% per annum daily deduction plus a notional financing cost.

The notes pay a quarterly contingent interest rate of at least 11.75% per annum (at least 2.9375% per quarter) only if the index level on a review date is at or above the interest barrier, set at 50.00% of the initial value. If on any applicable review date (other than the first three and the final) the index closes at or above its initial value, the notes are automatically called at $1,000 plus that period’s contingent interest, and no further payments are made.

At maturity, if not previously called and the final index value is at or above the trigger value of 50.00% of the initial value, investors receive $1,000 plus the final contingent interest. If the final value is below the trigger, repayment equals $1,000 plus $1,000 times the underlying return, resulting in more than 50% loss of principal and potentially a total loss. The bank states the estimated value at pricing will be at least $900 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, which reflects a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund component.

The notes have a pricing date of August 31, 2026, quarterly review dates, a final review date of September 2, 2031, and a maturity date of September 5, 2031, with a minimum denomination of $1,000. They pay a contingent interest rate of at least 14.50% per annum (at least 3.625% per quarter) only if the Index is at or above a 60% Interest Barrier on a review date, and may pay no interest.

The notes are auto callable if, on any review date other than the first and final, the Index is at or above its initial level, returning principal plus the applicable contingent interest. If not called, and the final Index value is at or above 60% of the initial level (the Trigger Value), investors receive principal plus the final contingent interest; if below 60%, repayment equals $1,000 plus $1,000 times the Index return, leading to losses greater than 40% and up to a total loss of principal. The estimated value when set will be at least $900 per $1,000 note, and all payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., along with liquidity, structural and index-related risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index. The Index dynamically adjusts exposure to an unfunded total-return position on the Invesco QQQ Trust with a maximum 500% leverage, a 6.0% per annum daily deduction, and an additional daily notional financing cost on the Underlying Asset.

The notes have a minimum denomination of $1,000, a pricing date of August 31, 2026, quarterly review dates, a final review date of August 31, 2029, and mature on September 6, 2029. They offer a contingent interest rate of at least 13.50% per annum, paid quarterly if on a review date the Index is at or above the Interest Barrier/Trigger Value of 60% of the Initial Value. If on any review date other than the first and final the Index is at or above its Initial Value, the notes are automatically called and pay $1,000 plus the applicable contingent interest, with no further payments.

If not called, and the Final Value is at or above the Trigger Value, investors receive $1,000 plus the final contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Underlying Return), so losses exceed 40% and can reach 100%. The estimated value will not be less than $900 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor. The product carries significant risks, including lack of principal protection, potential non-payment of interest, leverage and volatility risks in the Index, limited upside to interest only, and limited liquidity.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 16, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the closing price of one share of both Home Depot and McDonald’s is at or above 60.00% of its Initial Value, an Interest Barrier. Missed coupons can be paid later if a subsequent Review Date meets the barrier condition.

The notes may be automatically called as early as February 11, 2027 if, on an applicable Review Date (other than specified early and final dates), the price of one share of each stock is at or above its Initial Value, in which case investors receive $1,000 per note plus the current and any unpaid contingent interest, and the product terminates. If not called, and at maturity either stock’s Final Value is below its Trigger Value (60% of Initial Value), investors receive $1,000 plus $1,000 times the Lesser Performing Stock Return, risking a substantial or total loss of principal.

The notes have a minimum denomination of $1,000. The Contingent Interest Rate will be at least 11.50% per annum, paid monthly if conditions are met. If priced today, the estimated value would be about $980 per $1,000 note and will not be less than $950 per $1,000 at pricing. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and will not be listed on any securities exchange, with secondary market prices expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent monthly coupon only if, on each Interest Review Date, the Index is at or above 80.00% of its Initial Value. They may be automatically called semiannually from August 11, 2027 onward if the Index is at or above the Initial Value, returning principal plus the applicable coupon.

If not called, and on the final Review Date the Index is at or above the 85.00% Buffer Threshold, investors receive principal plus the final coupon; if the Index is below that level, maturity payment is reduced by losses beyond a 15.00% buffer, with up to 85.00% principal loss possible. The Index embeds a 6.0% per annum daily deduction and a notional financing cost that drag on performance. The notes are unsecured obligations with an estimated value of about $943.30 per $1,000 (not less than $900) and are subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering Digital Equity Notes due 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and is linked to the S&P 500® Index. The notes pay no interest and will not be listed on any exchange or be redeemable before maturity.

At maturity on September 13, 2028, if the S&P 500® final level is at least 85.00% of its initial level, investors receive a fixed threshold settlement amount, expected between $1,161.80 and $1,190.30 per $1,000 note (a capped return, with a cap level expected between 116.18% and 119.03% of the initial level). If the index falls more than 15.00%, principal is lost on a leveraged basis at approximately 1.1765% for each 1% decline beyond the 15% buffer, up to a total loss of principal.

The estimated value at pricing is expected between $973.10 and $983.10 per $1,000, below the 100% issue price, reflecting structuring, hedging costs and fees. Any payment depends on the credit of JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor. The tax treatment is uncertain; special tax counsel believes it is reasonable to treat the notes as open transactions (prepaid financial contracts), but the IRS could challenge this treatment.

JPMorgan Financial is offering S&P 500®-linked Uncapped Accelerated Barrier Notes due August 19, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an uncapped leveraged upside, paying at maturity 1.1425 times any positive Index return, with no periodic interest or dividends.

Principal is at risk. If the S&P 500® Final Value is at or above 90% of its Initial Value, investors receive at least their $1,000 principal per note; below that 90% Barrier Amount, repayment is reduced 1% for every 1% Index decline, down to a potential total loss. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The minimum denomination is $1,000. If priced on the indicated date, the estimated value would be about $987 per $1,000 note and will not be less than $900, reflecting embedded costs and internal funding assumptions. The notes will not be listed, secondary liquidity may be limited, and any secondary prices are expected to be below the original issue price. U.S. tax treatment is expected to follow an open-transaction, prepaid financial contract approach, but could be affected by future IRS guidance.

JPMorgan Chase Financial Company LLC is issuing Trigger Autocallable GEARS, unsecured notes linked to the common stock of The Walt Disney Company, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Security has a $10 principal amount and a term of about three years, maturing on August 9, 2029, unless automatically called earlier.

If on the August 12, 2027 Observation Date Disney’s share price is at or above the Autocall Barrier of $98.18 (100% of the Initial Value), the notes are automatically called and pay the principal plus a Call Return of at least 19.25%, with no further upside participation. If not called and the Underlying Return at maturity is positive, investors receive principal plus the Underlying Return multiplied by an Upside Gearing of 1.55. If not called and the Final Value is at or above the Downside Threshold of $73.64 (75% of Initial Value), principal is repaid. If the Final Value is below the Downside Threshold, repayment is reduced one-for-one with Disney’s decline from the Initial Value, up to a total loss of principal.

The notes pay no interest or dividends, are not FDIC insured, and expose investors to both market risk in Disney stock and the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The issue price is $10.00 per note, while the estimated value is approximately $9.693 and will not be less than $9.30 per $10 note when finalized.

JPMorgan Chase Financial Company LLC is offering $552,000 of Callable Contingent Interest Notes linked to the Class A common stock of Palantir Technologies Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and matures on February 8, 2027, with an issuer call option on November 6, 2026.

Investors may receive a Contingent Interest Payment of $9.75 per $1,000 (0.975% per month, 5.85% over the term) for each Review Date on which Palantir’s closing price is at least 50% of the Initial Value, set at $125.65, implying an Interest Barrier and Trigger Value of $62.825. If the notes are not called and the Final Value is below the Trigger Value, repayment at maturity is reduced dollar-for-dollar with the stock decline, so investors can lose more than half, up to all, of principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $8.50 in fees, while the issuer’s estimated value is $981.40, reflecting embedded costs and hedging economics. The notes will not be listed, and secondary market liquidity and pricing are uncertain.

JPMorgan Chase Financial Company LLC is offering structured yield notes due February 19, 2027, linked to the lesser performing of the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ, Series 1 (QQQ), fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay interest of at least 3.73% over the term, at a rate of at least 0.62167% per month, with minimum denominations of $1,000. At maturity, if each fund’s final value is at least 75% of its Initial Value (its Trigger Value), investors receive full principal plus the final interest payment. If either fund finishes below its Trigger Value, repayment is reduced by the full percentage decline of the lesser-performing fund, so investors can lose more than 25% and up to all of principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed, may have limited or no liquidity, and their estimated value at pricing will be below the $1,000 issue price, not less than $960 per note, reflecting selling commissions, hedging costs and issuer funding spreads.

JPMorgan Chase Financial Company LLC is offering unsecured, auto callable notes due August 16, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of Alphabet Class A, Microsoft and Amazon common stock. The notes may be automatically called on August 16, 2027 if each stock’s closing price is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium Amount of at least $105.50 per $1,000 and then terminating.

If not called, at maturity investors receive $1,000 plus an Additional Amount equal to $1,000 × Least Performing Stock Return × 150% Participation Rate, with the Additional Amount floored at zero, so principal is repaid but upside depends solely on the worst-performing stock. Investors forgo interest and dividends and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is about $972.60 per $1,000 note if priced on the example date and will not be less than $940.00, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. The notes are expected to price on or about August 12, 2026 and settle on or about August 17, 2026, in minimum denominations of $1,000, and will not be listed, which may limit liquidity.

JPMorgan Chase Financial Company LLC offers Auto Callable Contingent Interest Notes linked to Blackstone Inc. common stock, due August 10, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent quarterly coupon of at least 3.00% (at least 12.00% per annum) for each Review Date on which Blackstone’s share price closes at or above 55.00% of the Initial Value, with unpaid coupons accruing and potentially paid later.

The notes are auto-callable if, on any Review Date other than the first and final, the share price is at or above the Initial Value; in that case investors receive $1,000 per note plus the applicable and any unpaid coupons, and the notes terminate. If not called and the Final Value is at or above the 55.00% Trigger Value, investors receive principal plus the final and any unpaid coupons. If the Final Value is below the Trigger Value, repayment is $1,000 plus $1,000 × Stock Return, so investors lose more than 45.00% of principal and could lose it all. The minimum denomination is $1,000. The indicative estimated value is approximately $960 per $1,000 note and will not be less than $940, reflecting embedded costs and hedging. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, unsubordinated, and not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Lam Research Corporation. Each Note has a $10 issue price and a term of approximately one year, from the August 5, 2026 trade date to the August 9, 2027 maturity, unless called earlier.

The Notes pay a quarterly contingent coupon at a rate expected to be, but not less than, 33.05% per annum (at least $0.8263 per $10 Note per quarter) only if Lam Research’s stock closes at or above the Coupon Barrier on the relevant Observation Date. The Notes are automatically called if the stock closes at or above the Initial Value of $317.74 on any Observation Date, in which case investors receive principal plus the applicable coupon and no further payments.

If not called, and the Final Value is at or above the Downside Threshold of $158.87 (50.00% of the Initial Value and equal to the Coupon Barrier), investors receive principal plus the final coupon. If the Final Value is below the Downside Threshold, repayment is reduced to $10 × (1 + Underlying Return), exposing investors to the full downside of the stock below that level and potentially resulting in a substantial or total loss of principal. The Notes are unsecured, unsubordinated obligations, not listed on any exchange, and their payment depends on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value is approximately $9.63 per $10 Note if priced as of the preliminary terms and will not be less than $9.30 per $10 Note when finalized.

JPMorgan Chase Financial Company LLC is offering $12,000,000 of Medium-Term Notes, Series A, fixed coupon index-linked notes due August 5, 2027, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a fixed coupon of $17.30 per $1,000 (1.73% quarterly, 6.92% per annum) regardless of index performance. Principal repayment depends on the S&P 500® level on the August 3, 2027 determination date. If the index closes at or above the trigger buffer level of 80% of the 7,600.50 initial level, investors receive full principal at maturity; otherwise, they lose 1% of principal for each 1% index decline from the initial level, up to a total loss of principal. There is no upside participation beyond the coupons.

The original issue price is 100% of principal, with a 1.00% underwriting commission and 99.00% net proceeds to the issuer. The estimated value is $985.20 per $1,000, 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, are not redeemable by the issuer, and will not be listed, so liquidity may be limited. The tax treatment is complex, involving a put option/deposit characterization and potential future changes in U.S. tax rules.

JPMorgan Chase Financial Company LLC plans to issue Capped Return Enhanced Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing on August 7, 2031. The notes provide leveraged upside to the Index, based on arithmetic averages over long Initial and Ending Averaging Date windows, but upside is capped at a Maximum Return of at least 119.38%, corresponding to a maximum payment of at least $2,193.80 per $1,000 note.

The payoff uses three tiers of participation: Upside Leverage Factor 1 of 0.66 for modest gains, Upside Leverage Factor 2 of 4.00 between a 33% and 41% Index gain, and Upside Leverage Factor 3 of at least 1.60 above 41%, all subject to the cap. If the Final Value is below the Initial Value, investors lose 1% of principal for each 1% Index decline and can lose their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may trade below the issue price. The indicative estimated value is $982.60 per $1,000 note, and will not be less than $950.00 at pricing.

JPMorgan Chase Financial Company LLC is offering $980,000 of Uncapped Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and matures on August 7, 2031.

At maturity, if the Index is above its Initial Value of 13,559.37, investors receive 2.91 times the Index gain. If the Final Value is at or above the Barrier Amount of 6,779.685 (50% of the Initial Value), principal is returned. Below the barrier, losses match the Index decline, up to total loss of principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ-based exposure, which drags performance versus an equivalent index without such charges. The notes pay no interest, offer no dividends, are unsecured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $1,000,000 in Auto Callable Yield Notes linked to the least performing of the S&P 500, EURO STOXX 50 and Nikkei 225, maturing on August 6, 2027, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay interest at 12.20% per annum, or 1.01667% per month, as long as they remain outstanding. They are automatically called, with payment of principal plus the applicable interest, if on any non-final Review Date each index closes at or above its Initial Value. If not called and each index finishes at or above 75% Trigger Value of its Initial Value, investors receive principal plus final interest at maturity. If any index closes below its Trigger Value on the final Review Date, repayment of principal is reduced by the negative return of the Least Performing Index, and investors can lose more than 25% and up to all of principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $16.50 in selling commissions, with an estimated value of $971.00 per $1,000 at pricing, and are not listed on any exchange, so liquidity depends on JPMS making a secondary market.

JPMorgan Financial is offering structured Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, due August 15, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide unleveraged exposure to index moves with a Maximum Upside Return of 36.70%.

At maturity, if the index is above its initial level, investors receive principal plus the index gain, capped at 36.70%. If the index is at or below its initial level but down by no more than the 20.00% Buffer Amount, investors receive a positive return equal to the absolute index decline, up to 20.00%. If the index falls by more than 20.00%, investors lose 1% of principal for each 1% additional decline and can lose up to 80.00% of principal.

The notes pay no interest, do not provide dividends, are issued in $1,000 minimum denominations, and will not be listed on any exchange. If priced today, the estimated value would be about $984.10 per $1,000 note and will not be less than $900.00 per $1,000 at pricing. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes due August 16, 2029, linked to the lesser performance of Amazon.com common stock and Alphabet Class A common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on August 16, 2027 if each stock is at or above its Call Value, paying $1,000 plus a Call Premium of at least $186.50 per $1,000 note. If not called and each Final Value exceeds its Initial Value, investors receive an uncapped return of 1.50 times the lesser performing stock’s gain.

A 40.00% Buffer Amount protects principal against moderate declines, but if either stock falls by more than 40%, holders lose 1% of principal for each 1% beyond the buffer, up to a 60.00% loss of principal. The notes pay no interest or dividends and are unsecured, subject to the credit risk of both the issuer and guarantor. The estimated value is about $972.60 per $1,000 note at pricing, and will not be less than $940.00.

JPMorgan Chase Financial Company LLC is offering $300,000 of Auto Callable Yield Notes linked to the common stock of Albemarle Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount.

The notes pay 14.45% per annum, credited monthly at 1.20417%, as long as the notes remain outstanding. They may be automatically called on scheduled review dates starting July 30, 2027 if Albemarle’s share price is at or above the Strike Value of $117.76, returning $1,000 plus the applicable interest payment.

If not called, and the final stock price is at or above the Trigger Value of $58.88 (50% of the Strike), investors receive $1,000 plus the final interest payment. If the final price is below the Trigger, repayment is reduced dollar-for-dollar with the stock decline from the Strike, so investors can lose more than 50% and up to all principal. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not listed, and have an estimated value of $971.10 per $1,000 note, below the issue price.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due August 10, 2028, linked to the Class A common stock of Chewy, Inc. (CHWY) and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of at least 15.00% per annum (at least 1.25% per month), or at least $12.50 per $1,000 note on each monthly Review Date, but only if Chewy’s stock closes at or above the Interest Barrier of 47.50% of the Initial Value. Missed coupons can be paid later if a subsequent Review Date is at or above the barrier.

The notes are auto-callable on monthly Review Dates from February 8, 2027 (excluding the first five and final dates) if Chewy’s stock is at or above its Initial Value, returning $1,000 plus the applicable coupon and any unpaid coupons. If the notes are not called and the Final Value is at or above the Trigger Value (also 47.50% of Initial Value), investors receive $1,000 plus due coupons. If the Final Value is below the Trigger Value, maturity payment is $1,000 + ($1,000 × Stock Return), so investors lose 1% of principal for each 1% decline from the Initial Value and can lose their entire investment. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are offered in $1,000 minimum denominations and are not listed on any exchange.

JPMorgan Chase Financial Company LLC is offering $456,000 of index-linked notes due August 7, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the S&P 500 Index, Nasdaq-100 Index and Russell 2000 Index.

For each $1,000 note, investors receive full principal repayment at maturity plus an Additional Amount, if any, equal to $1,000 × the Least Performing Index Return × the 112.90% participation rate, with the Additional Amount floored at zero. If any index is at or below its initial level, the return is limited to principal only.

The price to the public is $1,000 per note, including $10 in fees, with net proceeds of $451,440. The estimated value is $976.30 per $1,000 note. The notes pay no interest or dividends, carry credit risk of both JPMorgan entities, may be illiquid, and are expected to be treated as contingent payment debt instruments for U.S. tax purposes, using a 4.55% comparable yield and a projected maturity payment of $1,252.50 per $1,000.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to Alphabet Inc. Class A common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to settle on or about August 14, 2026 and mature on August 16, 2028, with minimum denominations of $1,000.

Holders receive a contingent interest rate of at least 10.00% per annum, paid quarterly (at least 2.50% per quarter), but only for Review Dates when Alphabet’s share price is at or above 60.00% of the Initial Value, the Interest Barrier. Missed coupons can be paid later if the barrier is subsequently met. The notes are automatically called (no further payments) if on any non-first, non-final Review Date, beginning February 11, 2027, the stock closes at or above the Initial Value; investors then receive $1,000 plus the due and unpaid contingent interest.

If the notes are not called and the Final Value is at least the Trigger Value (also 60.00% of the Initial Value), investors receive $1,000 plus all applicable contingent interest. If the Final Value is below the Trigger Value, repayment equals $1,000 plus $1,000×Stock Return, so investors lose more than 40.00% of principal and could lose it all. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced today, is about $970.00 per $1,000 note and will not be less than $940.00 at pricing, reflecting embedded fees and hedging costs.