JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is offering $10,695,000 of Uncapped Buffered Return Enhanced Notes due August 3, 2029, linked to the lesser performance of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index. The notes provide 1.84x leveraged upside on any gain of the lesser performing underlying at maturity.

Principal is protected only by a 10% buffer; if either underlying falls more than 10%, repayment of principal is reduced 1% for each 1% decline beyond the buffer, up to a 90% loss. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and expose investors to both issuers’ credit risk.

The price to the public is $1,000 per note, including $4 in selling commissions, with issuer proceeds of $996 per note. The initial estimated value is $969.50, below the issue price due to embedded selling, structuring and hedging costs. The notes are not listed, and secondary market liquidity will depend on J.P. Morgan Securities LLC.

JPMorgan Chase Financial Company LLC is offering $10,376,000 of unsecured structured review notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performer of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index and maturing on August 5, 2031. The notes are issued in $1,000 denominations, pay no interest or dividends, and may be automatically called as early as August 4, 2027 if each underlying is at or above its 100% Call Value, triggering fixed call premiums stepping from 10.10% to 50.50% of principal. If not called, principal is repaid at maturity only if the final value of each underlying is at or above its 60% Barrier Amount; otherwise repayment is reduced one-for-one with the decline of the lesser-performing underlying, potentially to zero. The public issue price is $1,000 per note, including $25 in fees and commissions, versus an estimated value of $935.60, and any payment depends on the credit of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured Digital Barrier 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 have a principal amount of $1,437,000, are issued in minimum denominations of $1,000, and are scheduled to mature on August 5, 2032, after pricing on July 31, 2026 and expected settlement on or about August 5, 2026.

At maturity, if the Final Value of each Index is at or above its Initial Value, investors receive a fixed Contingent Digital Return of 83.20%, or $1,832 per $1,000 note. If either Index finishes below its Initial Value but both remain at or above 75.00% of Initial Value (the Barrier Amount), investors receive par only. If either Index finishes below its Barrier Amount, repayment is reduced 1% for every 1% decline of the Lesser Performing Index, potentially down to zero.

The notes pay no interest or dividends, are unsecured and unsubordinated, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at issuance is $981.70 per $1,000, below the price to public due to structuring and hedging costs. The notes will not be listed, and secondary market prices are expected to be lower than the original issue price.

JPMorgan Chase Financial Company LLC is issuing $1,665,000 of Auto Callable Contingent Interest Notes due August 5, 2031, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 16.90% per annum, credited monthly at 1.40833%, only for months when the Index closes at or above 70% of the Initial Value (the Interest Barrier). The notes are automatically called on quarterly review dates if the Index is at or above the Initial Value, with the earliest possible call on February 1, 2027.

If the notes are not called and, on the final review date, the Index is at or above the Trigger Value of 50% of the Initial Value, investors receive full principal plus any final contingent interest; if it is below the Trigger Value, repayment is reduced one-for-one with the Index decline, down to zero. The Index is a leveraged, volatility-targeting futures-based strategy on E-mini S&P 500 contracts and is subject to a 6.0% per annum daily deduction, which drags performance versus a similar index without that charge. The notes are unsecured obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not insured deposits, and the estimated value is $928.70 per $1,000 note, below the $1,000 issue price due to fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is issuing $1,379,000 of Uncapped Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, maturing on August 5, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes offer an uncapped leveraged upside: at maturity investors receive 2.075 times any positive Index return, so a 10% Index gain results in a 20.75% payoff, or $1,207.50 per $1,000 note. If the Final Index Value is at or above the Barrier Amount of 70% of the Initial Value, principal is returned.

If the Final Value falls below the Barrier, investors lose 1% of principal for each 1% Index decline from the Initial Value, with examples down to a 100% loss if the Index goes to zero. The notes pay no interest, are unsecured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $41.25 in fees and commissions, with estimated value of $937.40. The product embeds futures-related risks such as volatility, negative roll returns, liquidity limits, and potential disparities between the Index and the underlying S&P 500 futures, and it may be difficult to sell before maturity at favorable prices.

JPMorgan Chase Financial Company LLC is issuing $1,020,000 of 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 13.00% per annum Contingent Interest Rate (1.08333% per month) only for Review Dates when the Index closes at or above 70.00% of the Initial Value, the Interest Barrier. The notes may be automatically called on certain Review Dates starting August 2, 2027 if the Index is at or above the Initial Value, returning $1,000 principal plus the applicable Contingent Interest Payment.

If not called, principal is protected only down to a Buffer Threshold of 85.00% of the Initial Value; below this level at maturity investors lose 1% of principal for each 1% Index decline beyond the 15.00% Buffer Amount, up to a maximum loss of 85.00%. The Index applies a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which drag on performance and cause the Index to trail an identical index without such deductions. The notes priced at $1,000 per note with an estimated value of $961.00, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering $637,000 of capped accelerated barrier notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on September 3, 2027 and are issued in $1,000 denominations.

At maturity, investors receive 1.25x any positive return of the lesser-performing index, capped at a 17.00% maximum return. If either index ends below its 70.00% Barrier Amount, principal is reduced 1% for each 1% decline of the lesser-performing index, potentially to zero. 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, so liquidity depends on dealer bids. The estimated value is $975.70 per $1,000 at pricing, below the issue price, reflecting embedded costs and dealer margins. Complex U.S. tax and Section 871(m) considerations apply, with counsel viewing the notes as prepaid financial contracts treated as open transactions.

JPMorgan Chase Financial Company LLC is offering $714,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing on August 3, 2029 and fully guaranteed by JPMorgan Chase & Co. The notes provide 1.1825x any positive return of the lesser performing index at maturity, and, for declines of up to the 15.00% Buffer Amount, a positive return equal to the absolute decline of that index.

If either index falls by more than 15%, investors lose 1% of principal for each 1% decline beyond the buffer, up to a maximum loss of 85.00%, with a minimum payoff of $150 per $1,000 note. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including selling fees of about $8.55 per note, for issuer proceeds of about $991.45 per note. The estimated fair value at pricing was $975.60 per $1,000 note, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $485,000 of auto callable accelerated barrier 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 may be automatically called on August 5, 2027 or July 31, 2028 if each index is at or above 100% of its Initial Value, paying $1,000 plus a call premium of 15.50% on the first Review Date or 31.00% on the second, after which no further payments are made. If not called and all Final Index Values exceed Initial Values, investors receive $1,000 plus 2.00 times the gain of the least performing index. If any index finishes between 70% and 100% of its Initial Value, principal is returned.

If any index closes below its 70% Barrier Amount on the final Review Date, repayment is reduced 1% for each 1% decline in the least performing index, up to a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $955.80 per $1,000, below the issue price, reflecting fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC is issuing $425,000 of Capped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index, due August 3, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 1.50x leveraged upside on S&P 500 gains at maturity, capped at a Maximum Upside Return of 20.35%. If the Index is flat or down by up to the 15.00% Buffer Amount, investors receive a positive, uncapped return equal to the absolute decline, up to 15%.

If the Index falls by more than 15%, principal is exposed 1:1 beyond the buffer, with a maximum loss of 85.00% of principal at maturity. The notes pay no interest or dividends and 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 $5 in selling commissions, with issuer proceeds of $995 per note and an estimated value of $984.70 at pricing.

JPMorgan Chase Financial Company LLC is issuing $725,000 of unsecured Auto Callable Contingent Interest Notes linked to the lesser-performing of Bank of America and Citigroup common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of 8.10% per annum (2.025% per quarter) only if on a Review Date each stock’s closing price is at or above its Interest Barrier (50% of Strike Value). Missed coupons can be paid later if conditions are met. The notes are automatically called, returning principal plus applicable interest, if on any non-final Review Date both stocks close at or above their Strike Values.

If not called, and on the final Review Date either stock finishes below its Trigger Value (50% of Strike Value), repayment of principal is reduced one-for-one with the decline of the lesser-performing stock, potentially to zero. Investors forgo dividends, have no equity rights, face limited liquidity, and are fully exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $982.30 per $1,000 note, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $3,557,000 of Uncapped Accelerated Barrier Notes linked to the lesser performance of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note with minimum denominations of $1,000 and are scheduled to settle on or about August 5, 2026, maturing on August 5, 2031.

At maturity, if both underlyings finish above their initial values, investors receive principal plus 2.11x the appreciation of the lesser performing underlying. If either underlying finishes at or below its initial value but at or above 65.00% of its initial value (the Barrier Amount), investors receive only their principal back. If either underlying finishes below its Barrier Amount, investors lose 1% of principal for each 1% decline of the lesser performing underlying from its initial value, up to a total loss.

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 price to public includes selling commissions and hedging-related costs; net proceeds to the issuer are $991.0511 per $1,000 note, and the estimated value at issuance is $952.20 per note. The notes will not be listed, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is issuing $24,000 of Review Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the MerQube US Tech+ Vol Advantage Index. The notes have a maturity date of August 5, 2031 and may be automatically called as early as August 4, 2027 if the Index closes at or above the Call Value (100% of the Initial Value) on any Review Date. If called, investors receive $1,000 plus a Call Premium Amount that steps up from 22.00% to 110.00% of principal depending on the call year.

The notes provide a 30.00% Buffer Amount; if held to maturity and not called, principal is repaid so long as the Index decline does not exceed this buffer. If the Final Value is more than 30% below the Initial Value, payment is reduced by 1% for each percentage point beyond the buffer, up to a maximum loss of 70.00% of principal. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund, which drag on performance and cause the Index to trail an identical index without such charges. The price to public is $1,000 per note, including selling commissions of $6.50 and issuer proceeds of $993.50 per note; the estimated value at pricing is $935.80, reflecting internal funding and hedging costs. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes pay no interest or dividends.

JPMorgan Chase Financial Company LLC is issuing $65,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 5, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 11.50% per annum (2.875% quarterly) only if, on a Review Date, the Index is at or above 50% of the Initial Value (the Interest Barrier). Starting August 2, 2027, the notes are automatically called if the Index is at or above the Initial Value, returning principal plus the applicable interest coupon, with no further payments.

If not called, and at maturity the Index is at or above the Trigger Value (also 50% of Initial Value), investors receive principal plus the final contingent coupon. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Index Return), so investors can lose a substantial portion or all of principal.

The Index employs leverage up to 500% and is subject to a 6.0% per annum daily deduction, which drags performance and can cause declines even when the underlying futures strategy is flat or modestly positive. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $920.70 per $1,000, below the $1,000 issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $3,901,000 in Uncapped Dual Directional Buffered Return Enhanced 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 unsecured, unsubordinated obligations with a maturity date of August 3, 2028 and minimum denominations of $1,000.

At maturity, investors receive 1.20 times any appreciation of the lesser performing index, or a capped, unleveraged positive return equal to the absolute value of index depreciation up to a 10.00% Buffer Amount. If either index falls more than 10%, principal is reduced 1% for each additional 1% decline in the lesser performing index, up to a 90.00% loss. The notes pay no interest or dividends and are not listed, so liquidity depends on J.P. Morgan Securities LLC. The estimated value at pricing was $978.00 per $1,000 note, below the $1,000 price to public, reflecting selling commissions, hedging costs and structuring profits, and any payment is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured notes with an aggregate principal amount of $338,000, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 10.50% per annum Contingent Interest Rate, credited monthly at 0.875%, but only for months when the closing level of each of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index is at or above 70.00% of its Initial Value, the Interest Barrier.

The notes are automatically callable quarterly from February 1, 2027 onward if each index closes at or above its Initial Value on an Autocall Review Date, in which case investors 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 by the negative return of the Least Performing Index, potentially to zero. The estimated value at pricing was $969.30 per $1,000 note, below the $1,000 issue price, reflecting embedded fees, hedging costs and dealer compensation, and the notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $1,343,000 of structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 5, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called quarterly starting August 4, 2027 if the Index is at or above a specified Call Value, paying back $1,000 plus a fixed Call Premium Amount that steps up from 12.60% on the first Review Date to 63.00% on the final Review Date.

Principal is protected only by a 15.00% Buffer Amount; if the notes are not called and the Index declines by more than that buffer, investors lose 1% of principal for each additional 1% decline, up to an 85.00% loss. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which will drag performance versus an otherwise identical index. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and priced at $1,000 per note with an estimated value of $910.80 at issuance.

JPMorgan Chase Financial Company LLC is issuing $425,000 of auto callable contingent interest notes linked separately to the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have minimum denominations of $1,000, priced at 100% of principal, with selling commissions of $4 per $1,000 and issuer proceeds of $996 per $1,000.

The notes pay a monthly Contingent Interest Payment at a 11.50% per annum rate (0.95833% per month) only if on a Review Date each index closes at or above its Interest Barrier of 75% of its Initial Value. Beginning with the February 1, 2027 Review Date, the notes are automatically called if each index is at or above its Initial Value, returning $1,000 plus that period’s contingent interest, with no further payments.

If not called, at maturity on February 3, 2028, investors receive $1,000 plus the final contingent interest if each index is at or above its Trigger Value (also 75% of Initial Value). If either index finishes below its Trigger Value, principal is reduced 1% for every 1% decline of the Lesser Performing Index from its Initial Value, potentially resulting in a full loss of principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and may be illiquid. The estimated value on the pricing date is $966.80 per $1,000, below the issue price, reflecting embedded costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes due March 2, 2028, linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index. The notes provide at maturity at least 1.20x any positive return of the least performing index, and a dual-directional buffer: if the worst index is flat or down by up to 10.00%, investors receive an equal positive return, capped at 10.00% (maximum $1,100 per $1,000 when the return is negative). Below a 10.00% decline, capital is exposed 1-for-1 to the downside, with up to 90.00% loss of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to both entities’ credit risk. Minimum denomination is $1,000. If priced on the example date, the estimated value would be about $966 per $1,000, and will not be less than $900 per $1,000 when set, reflecting selling, structuring and hedging costs and an internal funding rate. The notes are not exchange-listed, and secondary prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes due September 3, 2030, linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, in minimum denominations of $1,000. The notes provide an uncapped leveraged upside, paying at maturity 1.83× any positive return of the lesser performing underlying, based on its Initial and Final Values.

A 10% Buffer Amount protects principal against moderate declines, but if either underlying falls by more than 10%, principal is reduced on a 1:1 basis beyond the buffer, up to a 90% loss (payment as low as $100 per $1,000). The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to their credit risks. The indicative estimated value is $944.80 per $1,000, and at pricing it will not be less than $900.00, reflecting selling, structuring and hedging costs and the issuer’s internal funding rate. The notes will not be listed, and secondary market liquidity and pricing, if any, will depend primarily on JPMS.

JPMorgan Chase Financial Company LLC is offering structured callable notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity on August 29, 2031 and minimum denominations of $1,000.

On each annual Review Date from August 30, 2027 to August 26, 2031, if the Index closing level is at or above the Call Value (100.00% of the Initial Value), the notes are automatically called and pay back principal plus a Call Premium of at least 19.00%, 38.00%, 57.00%, 76.00% or 95.00% of $1,000, depending on the year, after which no further payments are made. If not called, at maturity investors receive full principal if the Index decline is within a 30.00% buffer; beyond that, principal is reduced 1% for each 1% Index loss past the buffer, up to a 70.00% loss.

The Index applies a 6.0% per annum daily deduction and a daily notional financing cost on QQQ exposure, and can use leverage up to 500% to target 35% implied volatility. These features, along with credit risk of JPMorgan Financial and JPMorgan Chase & Co., lack of interest or dividends, potential illiquidity and an estimated value of about $912.70 per $1,000 (not less than $900.00), are highlighted as key risks.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due August 15, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. The notes pay a Contingent Interest Payment on each monthly Review Date only if the closing level of each Index is at least 70.00% of its Initial Value (the Interest Barrier); otherwise no interest is paid for that period.

The issuer may redeem the notes early, in whole, on certain Interest Payment Dates from August 17, 2027 onward, paying $1,000 plus the applicable Contingent Interest. If held to maturity and not redeemed, investors receive $1,000 plus the final Contingent Interest if the Final Value of each Index is at least 65.00% of its Initial Value (the Trigger Value). If any Index finishes below its Trigger Value, the repayment is $1,000 + ($1,000 × Least Performing Index Return), so principal loss is 1% for each 1% decline of the least performing Index, up to total loss of principal.

The hypothetical Contingent Interest Rate is illustrated at 10.25% per annum (0.85417% per month), with total potential contingent interest of up to $512.50 per $1,000 over the term if paid on all 60 dates. The minimum denomination is $1,000$963.60 per $1,000 notional if priced today, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes due March 2, 2028, linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide unleveraged exposure to any appreciation of the lesser performing index, subject to a Maximum Upside Return of at least 30.00%, and to the absolute value of any depreciation of that index up to a 10.00% Buffer Amount. If either index falls by more than 10.00%, investors lose 1% of principal for each additional 1% decline, and may lose up to 90.00% of principal at maturity.

The notes pay no interest, provide no dividends and will not be listed on any exchange, and any secondary market will depend on J.P. Morgan Securities LLC. Minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $961.90 per $1,000 note, and the final estimated value will not be less than $900.00 per $1,000. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the tax treatment relies on treatment of the notes as open prepaid financial contracts, which the IRS could challenge.

JPMorgan Chase Financial Company LLC is issuing $1,397,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing on August 3, 2029, and fully guaranteed by JPMorgan Chase & Co.

The notes offer 1.1425x any positive return of the lesser-performing index and, if that index is flat or down by up to the 18% Buffer Amount, a positive, uncapped return equal to the absolute decline. If the lesser-performing index falls by more than 18%, investors lose principal on a 1:1 basis beyond the buffer, up to a maximum loss of 82%, receiving as little as $180 per $1,000 at maturity.

The notes pay no interest, do not provide dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The estimated value at pricing was $980.10 per $1,000 note, below the issue price, reflecting structuring and hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering callable structured 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 is expected to settle on or about September 3, 2026, maturing September 5, 2031, unless called earlier.

The notes can be automatically called on annual Review Dates starting September 2, 2027 if the Index is at or above its Call Value (100% of the Initial Value). If called, investors receive $1,000 plus a Call Premium of at least 23%, 46%, 69%, 92% or 115% of principal, depending on the Review Date. If not called, principal is protected only down to a 30% Buffer; below that, investors lose 1% of principal for each 1% Index decline beyond 30%, up to a 70% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its QQQ-based exposure, which drags performance versus an undeducted index. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of about $943.40 per $1,000 at launch, not less than $900.

JPMorgan Chase Financial Company LLC is offering structured Capped Dual Directional Buffered Return Enhanced Notes linked to the lesser performing of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., in $1,000 minimum denominations.

The notes provide 2.00x leveraged upside on positive performance of the lesser-performing index, capped at a Maximum Upside Return of at least 33.00%, and a positive, unleveraged payoff equal to the absolute value of index declines up to a 10.00% Buffer Amount. If either index falls by more than 10.00%, investors lose 1% of principal for each 1% additional decline in the lesser-performing index, for a possible 90.00% loss of principal at maturity. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed. If priced on the date illustrated, the estimated value would be $977.80 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is issuing $40,000 of auto callable notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination, priced at 100% of principal with selling commissions of $42.50 per $1,000 and net proceeds to the issuer of $957.50 per $1,000. They priced on July 31, 2026 and are expected to settle around August 5, 2026, maturing on August 4, 2033.

The notes may be automatically called on any of six Review Dates starting August 4, 2027 if the Index is at or above the Call Value (100% of the Initial Value). In that case, holders receive $1,000 plus a fixed call premium (from 8.15% up to 48.90% over time) and no further payments. If not called, at maturity investors receive $1,000 plus an Additional Amount equal to $1,000 × Index Return × 100% participation, floored at zero, with principal repayment subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co.

The Initial Value of the Index on the pricing date was 313.09, and the issuer’s estimated value of the notes at issuance is $926.30 per $1,000, reflecting embedded costs and hedging. The Index is a rules-based, excess-return, multi-asset futures strategy with a 1.00% per annum daily deduction and a targeted volatility process, and the notes carry extensive risks including lack of interest payments, potential illiquidity, issuer/guarantor credit risk, strategy and futures-market risks, and complex U.S. tax treatment as contingent payment debt instruments.

JPMorgan Chase Financial Company LLC is issuing $290,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 13.50% per annum Contingent Interest Rate (3.375% quarterly) only when, on a Review Date, the Index is at or above 60% of the Initial Value (the Interest Barrier). The notes are automatically called, starting February 1, 2027, if on a Review Date (other than the first and final) the Index is at or above its Initial Value, returning $1,000 plus the applicable interest. If not called and at maturity the Index is below the Trigger Value (also 60% of Initial Value), investors receive $1,000 + $1,000 × Index Return, risking a substantial or total loss of principal. The Index employs up to 500% futures leverage, a 35% target volatility and a 6.0% per annum daily deduction, which structurally drags performance. Each note is sold at $1,000, with estimated value $940.80, and is subject to the unsecured credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $537,000 of Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on August 3, 2029. The notes provide an upside payment at maturity equal to 1.67x any positive return of the least performing index, with full principal returned if all three indices finish at or above 70% of their initial levels.

If any index closes below this 70% Barrier Amount on the observation date, principal is reduced 1% for each 1% decline of the least performing index, down to a total loss. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial, and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to the credit risk of both entities. The price to the public is $1,000 per note, with an estimated value of $970.10, reflecting embedded selling, structuring and hedging costs. The notes will not be listed, and secondary market prices are expected to be below the issue price. U.S. tax counsel views the notes as prepaid financial contracts, but the IRS could challenge this treatment.

JPMorgan Chase Financial Company LLC is issuing $2,761,000 of Uncapped Dual Directional Buffered Return Enhanced Notes due August 3, 2029, linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, the payoff depends on the Least Performing Index. If all three indices finish above their initial levels, investors receive leveraged upside of 1.385× the Least Performing Index return. If the Least Performing Index is flat or down by up to the 20.00% Buffer Amount, investors receive an unleveraged positive return equal to the absolute decline, up to a maximum of 20.00% (payment capped at $1,200 per $1,000 when that index return is negative). If any index falls by more than 20.00%, principal is reduced 1% for each percentage point below the buffer, with a minimum payment of $200 per $1,000, implying up to an 80.00% loss.

The notes pay no interest, do not provide dividends on index constituents, are unsecured and unsubordinated obligations of JPMorgan Financial, and expose holders to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $8 in selling commissions, versus an estimated value of $985.70, and they are not listed on any exchange, so liquidity will depend on dealer interest.

JPMorgan Chase Financial Company LLC is offering $410,000 of 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 Interest Rate of 13.50% per annum (3.375% quarterly) only if, on a Review Date, the Index closes at or above 60% of the Initial Value, the Interest Barrier.

The notes may be automatically called on any Review Date from February 1, 2027 (excluding the first and final) if the Index is at or above its Initial Value, returning $1,000 principal plus the due contingent interest. If not called and the Final Value is below the Trigger Value (also 60% of Initial), investors receive $1,000 plus $1,000 × Index Return, risking a substantial or total principal loss.

The underlying Index employs up to 500% leveraged exposure to the QQQ Fund, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance and cause it to trail an identical index without such deductions. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC is issuing $2,222,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 18.00% per annum, credited monthly at 1.50%, but only for months when the Index closing level is at or above the Interest Barrier of 70.00% of the Initial Value. If the Index is below this barrier on an Interest Review Date, no interest is paid for that month.

The notes may be automatically called quarterly starting February 1, 2027 if the Index is at or above its Initial Value, in which case investors receive $1,000 plus the relevant contingent interest and no further payments. If the notes are not called, at maturity on August 5, 2032 investors receive $1,000 plus the final contingent interest if the Index is at or above the Trigger Value of 50.00% of the Initial Value. If the Final Value is below the Trigger Value, principal is reduced 1% for every 1% Index decline from the Initial Value, down to zero, so investors can lose most or all of their capital.

The underlying Index is a leveraged, rules-based strategy on E-mini S&P 500 futures with a 35% target volatility, exposure capped at 500%, and a 6.0% per annum daily deduction, which creates a persistent drag versus a similar index without this fee. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $9 of fees, while the estimated value at pricing was $926.30 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $1,275,000 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 mature on August 3, 2028 and are issued in $1,000 minimum denominations.

At maturity, investors receive 1.22 times any positive Index return, with no cap. A 20.00% buffer on the downside protects principal against moderate index declines, but if the Index falls by more than 20.00%, principal is reduced 1% for each additional 1% decline, for a maximum loss of 80.00% (down to $200 per $1,000 note). The notes pay no interest and 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 $9 in fees and commissions, for proceeds to the issuer of $991 per note. The estimated value at pricing was $984.40 per $1,000 note, reflecting embedded selling, structuring and hedging costs. The notes will not be listed, and any secondary market will be limited and likely at prices below the original issue price.

JPMorgan Chase Financial Company LLC is issuing $592,000 of unsecured, callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed for investors seeking potential early redemption at a premium if, on any Review Date from August 4, 2027 onward, the Index closes at or above the Call Value (100% of the Initial Value). Call Premium Amounts escalate from 25.75% to 128.75% of principal per $1,000 note over 17 Review Dates through August 5, 2031.

If not called, principal is protected at maturity only if the Final Index level is at or above the Barrier Amount of 50% of the Initial Value (Index 6,621.225). Below the barrier, payoff is linear to Index performance, and investors can lose more than 50% and up to all principal. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, which drag on performance and cause the Index to trail an equivalent index without such charges. Notes pay no interest or dividends, are not FDIC insured, and any payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note versus an estimated value of $938, reflecting selling commissions, hedging costs and issuer funding spreads, and there is no exchange listing, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering structured Capped Buffered Return Enhanced Notes linked to the iShares MSCI Emerging Markets ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing August 3, 2028. The $1,000-denomination notes provide 2.00x exposure to any positive ETF performance at maturity, subject to a maximum return of 49.35%; investors reach this cap when the ETF is at or above 124.675% of its initial level.

The notes include a 10.00% downside buffer: if the ETF ends down by 10% or less, principal is returned. Below that level, investors lose 1% of principal for each 1% additional decline, up to a 90.00% loss if the ETF falls to zero. The notes pay no interest or dividends and are unsecured, unsubordinated obligations, exposing holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The total offering size is $1,173,000, with a public offering price of $1,000 per note, selling commissions of $3 per $1,000 and an estimated value of $997.50 per $1,000 at pricing. The notes will not be listed, and secondary market liquidity and pricing are expected to be limited and potentially below the original issue price.

JPMorgan Chase Financial Company LLC is offering $2,685,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, due August 3, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, offers 1.31x any positive Index return at maturity and provides a 20.00% downside buffer. If the Index is down more than 20% at maturity, investors lose 1% of principal for each additional 1% decline, up to a maximum 80.00% loss (receiving as little as $200 per $1,000 note). The notes pay no interest, are unsecured and unsubordinated, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $3.50 in selling commissions, for issuer proceeds of $996.50 per note. The estimated value at pricing was $990.60 per $1,000 note, reflecting embedded costs, internal funding assumptions and derivative hedging. The notes will not be listed, may have limited or no secondary liquidity, and are exposed to futures-market risks such as volatility, negative roll returns and trading limits, as well as complex U.S. tax and potential withholding considerations.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due March 3, 2028, linked to the lesser performance of the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date on which both indices close at or above 75.00% of their Initial Value, the Interest Barrier, with a Contingent Interest Rate of at least 11.75% per annum.

The notes may be automatically called on any eligible Review Date from March 1, 2027 onward if both indices are at or above their Initial Values, returning $1,000 plus the applicable Contingent Interest Payment. If not called, and at maturity each index is at or above its Trigger Value (also 75.00% of Initial Value), investors receive principal plus the final Contingent Interest Payment. If either index finishes below its Trigger Value, repayment is reduced by the full negative return of the lesser performing index, potentially down to $0. The indicative estimated value is $963.40 per $1,000 note, and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs. The notes are unsecured, not FDIC insured, and subject to significant market, credit, liquidity, sector and tax risks.

JPMorgan Chase Financial Company LLC is issuing $1,350,000 in Capped Notes linked to the least performing of the Nasdaq-100 Index®, the Dow Jones Industrial Average® and the Russell 2000® Index, maturing on August 5, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

For each $1,000 note held to maturity, investors receive principal plus an Additional Amount equal to $1,000 × Least Performing Index Return × 150%, capped at a Maximum Amount of $752.50 (maximum total payment $1,752.50). If the final level of any Index is at or below its initial level, only the $1,000 principal is repaid, with no upside. The initial index levels on July 31, 2026 were 28,274.20 (Nasdaq‑100), 52,485.03 (Dow Jones Industrial Average) and 2,931.339 (Russell 2000).

The notes pay no interest, offer no dividends on underlying stocks, and will not be listed on any exchange. They are subject to the credit risk of both the issuer and guarantor. The price to the public is $1,000 per note, with estimated value of $963.90 and selling commissions up to $11.25 per $1,000 note. For U.S. tax purposes, JPMorgan intends to treat the notes as contingent payment debt instruments requiring accrual of original issue discount based on a 4.55% comparable yield.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities linked to a global equity index basket, at $1,000 principal amount per security, for a total public offering of $600,000.00 and issuer proceeds of $584,550.00.

The notes are auto-callable on August 5, 2027 if the basket closing level is at or above the starting level, paying $1,126.50 per security (a 12.65% call premium). If not called, they mature on August 3, 2029 with a maturity payment based on basket performance, a 125.00% upside participation rate and a 75.00 threshold level.

The basket is unequally weighted across the EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.50%), Swiss Market Index (10%) and S&P/ASX 200 (7.50%), with principal at risk if the ending basket level falls below the threshold. The estimated value is $920.00 per security, reflecting internal funding and hedging costs, and the notes are subject to complex risk and U.S. tax considerations.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 12, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of three underlyings: the S&P 500® Index, the State Street® Financial Select Sector SPDR® ETF and the VanEck® Semiconductor ETF.

Investors may receive a Contingent Interest Payment on each Review Date only if the closing value of every underlying is at least 50% of its Initial Value (the Interest Barrier). For Review Dates other than the first, second and final, the notes are automatically called if each underlying is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and ending further payments. If the notes are not called, maturity payment depends on the Least Performing Underlying: if its Final Value is at or above its Trigger Value (also 50% of Initial Value), investors receive $1,000 plus the final contingent interest; otherwise, principal is reduced 1% for every 1% decline from Initial Value, potentially down to zero.

The hypothetical Contingent Interest Rate is shown as 13.25% per annum, with an estimated initial value of about $959.20 per $1,000 note. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not insured by the FDIC, and will not be listed, so liquidity and secondary prices may be limited.

JPMorgan Chase Financial Company LLC plans to issue Auto Callable Accelerated Barrier Notes linked to the iShares® Ethereum Trust ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and a term to September 6, 2029, with a potential automatic call on September 7, 2027.

If on the Review Date the ETF’s price is at or above the Call Value of 100% of the Initial Value, the notes are automatically called and pay back principal plus a Call Premium Amount of at least $320 per $1,000, ending the investment. If not called, at maturity investors receive 1.50 times any positive Fund return, full principal back if the Final Value is at or above the Barrier Amount of 60% of Initial Value, and 1-for-1 downside exposure below that barrier, which can result in losing most or all principal.

The notes pay no interest, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are designed for investors comfortable with high volatility and regulatory risk tied to ether and the Ethereum network. The estimated value is expected to be around $950 per $1,000 note on pricing (not less than $900), reflecting embedded fees, hedging costs and issuer funding assumptions, and the notes will not be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due August 13, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 5.15% per annum, calculated on a 30/360 day count basis and paid annually in arrears on August 13 of each year, beginning August 13, 2027, subject to earlier redemption.

On each February 13, May 13, August 13 and November 13 from February 13, 2027 through May 13, 2030, the issuer may, at its option, redeem all (but not part) of the notes at par plus accrued and unpaid interest. The notes follow a Following Business Day Convention with an Unadjusted Interest Accrual Convention

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the least performing of three ETFs: Global X Uranium ETF, State Street Financial Select Sector SPDR ETF and State Street Energy Select Sector SPDR ETF. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., but all payments are subject to the credit risk of both entities.

The notes pay a contingent quarterly coupon of at least 4.2625% (at least 17.05% per annum) only if on each Review Date the price of one share of each ETF is at or above 60% of its Initial Value (the Interest Barrier). The same 60% level is the Trigger Value for principal protection at maturity. JPMorgan may redeem the notes early on specified interest payment dates starting August 12, 2027, paying $1,000 per note plus any applicable contingent interest.

If the notes are not called and on the final Review Date any ETF closes below its Trigger Value, principal is reduced one-for-one with the decline of the least performing ETF, leading to losses of more than 40% and possibly a total loss of principal. The estimated value on the pricing date is expected to be about $938.90 per $1,000 (and not less than $900), reflecting embedded structuring and hedging costs, and the notes will not be listed, so liquidity depends on dealer trading.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes due September 6, 2029, linked to the lesser performance of the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, no interest or dividends, and expose investors to the credit risk of both the issuer and guarantor.

The notes may be automatically called on review dates starting September 2, 2027 if each index is at or above its call value (100% of its initial level), paying back principal plus a call premium of at least 18% on the first review date or 36% on the second. If not called and both final index levels exceed their initial levels, investors receive an uncapped leveraged payoff of 2.0x the gain of the lesser-performing index. If either index finishes below its initial level but at or above 70% of its initial level, principal is returned. If either falls below this barrier, repayment is reduced one-for-one with the loss on the lesser-performing index, and investors can lose up to 100% of principal. The indicative estimated value is about $958.80 per $1,000 at pricing, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering medium-term, basket-linked notes due August 9, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and may be automatically called on August 16, 2027 if the basket level is at or above 100% of its initial level.

The basket is unequally weighted across five equity indices: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%), with an initial basket level of 100. If called, each $1,000 note pays $1,000 plus a call premium expected between 9.44%–11.07%. If not called and the final basket level is at or above 100, maturity payment equals $1,000 plus the greater of the basket return or a maturity premium expected between 18.88%–22.14%.

A 10% buffer protects principal only for declines up to 10%; below that, losses are leveraged at approximately 1.1111×, and investors can lose their entire principal. The estimated initial value is expected between $960.30 and $970.30 per $1,000, reflecting embedded fees and hedging costs. Payments are subject to the credit risk of both the issuer and guarantor, and the notes will not be listed on any exchange.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an upside leverage factor of at least 2.35x any positive index return at maturity and pay no periodic interest.

The notes have a Barrier Amount at 70.00% of the Initial Value, observed only on September 2, 2031. At maturity on September 5, 2031, investors receive principal plus leveraged gains if the index is above the initial level; full principal if the index is at or above the barrier; and a 1-for-1 loss with the index below the barrier, down to zero. The minimum denomination is $1,000. The issuer states that, if priced today, the estimated value would be approximately $958 per $1,000 note and will not be less than $900 per $1,000 at pricing. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits or FDIC insured, may be accelerated upon a commodity hedging disruption event, and are expected to have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index. The Index provides rules-based, leveraged exposure (0%–500%) to an unfunded position in the Invesco QQQ Trust, net of a 6.0% per annum daily index deduction and a notional financing cost on the QQQ exposure.

The notes pay a contingent interest rate of at least 9.25% per annumInterest Barrier of 85% of the Initial Value. They may be automatically called on monthly review dates (excluding the first five and final) if the Index is at or above 95% of the Initial Value, returning $1,000 per note plus due and previously unpaid contingent interest.

If not called, and the Final Value is at or above the 85% Buffer Threshold, investors receive $1,000 plus applicable contingent interest and any unpaid contingent interest. If the Final Value is below 85%, repayment is reduced according to $1,000 + [$1,000 × (Index Return + 15%)], exposing investors to a loss of some or most 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 is offering auto callable notes due September 1, 2033, linked to the J.P. Morgan Multi-Asset Index and fully guaranteed by JPMorgan Chase & Co. The notes provide 100% participation in Index appreciation at maturity if not called and return principal at maturity, subject to issuer and guarantor credit risk.

The notes can be automatically called on annual Review Dates starting in 2027 if the Index is at or above specified Call Values, paying principal plus a fixed Call Premium that steps up over time. Investors forgo periodic interest, face liquidity and valuation risks, and the Index embeds a 1.00% per annum daily deduction and a rules-based, volatility-targeting futures strategy.

The minimum denomination is $1,000. The estimated value per $1,000 note would be about $912.10 if priced on the indicated date and will not be less than $900.00. For U.S. tax purposes, the notes are expected to be treated as contingent payment debt instruments, requiring annual original-issue-discount accruals.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due July 19, 2029, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 9.25% per annum (at least $7.7083 per $1,000 monthly) only if, on a given Review Date, the Index closes at or above 85.00% of its Initial Value, with unpaid coupons potentially catching up on later qualifying dates.

The notes can be automatically called on designated Review Dates from February 16, 2027 onward if the Index is at or above 95.00% of its Initial Value, returning $1,000 per note plus the applicable contingent interest and any unpaid prior coupons, after which no further payments are made. If not called and the Final Value is at least 85.00% of the Initial Value, investors receive $1,000 plus the final and any unpaid coupons; if it is below that level, principal is reduced according to index performance beyond a 15.00% buffer, with losses up to 85.00% of principal possible.

The underlying Index employs a leveraged, volatility-targeting strategy on exposure to the Invesco QQQ Fund and is reduced by a 6.0% per annum daily deduction and a notional financing cost, so it is designed to trail an equivalent index without such charges. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may trade at prices below the $1,000 issue price; the estimated value at pricing is expected to be between $900 and $926 per $1,000 note.