JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is offering Buffered Callable Range Accrual Notes linked to the Nasdaq 100® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on August 29, 2031, subject to issuer call from August 31, 2027.

At maturity, if the Index’s Final Value is at or above the Buffer Level of 85.00% of the Initial Value, investors receive full principal repayment per $1,000 note plus any accrued interest. If the Final Value is below this Buffer Level, principal is reduced by 1% for each 1% decline beyond the 15.00% buffer, with examples showing paybacks as low as $150 per $1,000 for a full Index loss.

Monthly interest is calculated on a range‑accrual basis: an Interest Factor of 8.25% per annum is multiplied by the ratio of “Variable Days” (Trading Days when the Index is at or above 85.00% of Initial Value) to total Trading Days in the period, subject to a 0.00% minimum and a maximum equal to the Interest Factor. The issuer may redeem the notes monthly at par plus accrued interest. The indicative estimated value is $926.80 per $1,000 note, and will not be less than $900.00, reflecting selling commissions and hedging costs. The notes carry complex U.S. tax and withholding considerations, particularly for Non‑U.S. holders.

JPMorgan Chase Financial Company LLC is offering uncapped accelerated barrier notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about August 26, 2026 and mature on August 31, 2028, in minimum denominations of $1,000.

At maturity, if both indices finish at or above their initial levels, investors receive the principal plus at least 1.11× the appreciation of the lesser performing index, with no cap. If either index finishes at or below its initial level but both remain at or above 70% of their initial values, principal is returned. If either index finishes below this 70% barrier, repayment is reduced 1% for each 1% decline of the lesser performing index from its initial level, down to a total loss of principal.

The notes pay no interest, provide no dividends, will not be listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is $961.80 per $1,000 note, and the final estimated value will not be less than $900.00, reflecting built-in selling, structuring and hedging costs.

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 Tech+ Vol Advantage Index, which references an unfunded total return position in the Invesco QQQ Trust, Series 1, reduced by a notional financing cost and a 6.0% per annum daily index deduction. The index dynamically adjusts exposure to the underlying QQQ Fund between 0% and 500% while targeting a volatility level.

The notes have a minimum denomination of $1,000 and offer a contingent interest rate of at least 8.50% per annum, payable monthly at a rate of at least 0.70833%, but interest is only paid if on a review date the index level is at or above an Interest Barrier equal to 80% of the initial value. The notes are automatically called if, on any applicable monthly review date (other than the first eleven and the final review date), the index closes at or above its initial value, in which case investors receive $1,000 plus the current and any previously unpaid contingent interest and no further payments.

If the notes are not called and at maturity the index final value is at or above a Buffer Threshold of 70% of the initial value, investors receive $1,000 per note plus the applicable contingent interest and any prior unpaid contingent interest. If the final value is below the buffer threshold, the maturity payment is reduced according to $1,000 + [$1,000 × (Index Return + 30% buffer amount)], so investors will lose some or most of their principal. The estimated value will not be less than $900 per $1,000 note when set, and all payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes at $1,000 per note, linked to the Invesco S&P 500 Equal Weight ETF and fully guaranteed by JPMorgan Chase & Co. The notes run to August 7, 2031 and pay no interest or dividends.

At maturity, investors receive leveraged upside of at least 1.11x any ETF appreciation. Principal is protected only if the ETF’s final level is at or above a 75.00% barrier of its initial value; below the barrier, losses are one-for-one with the ETF and can reach 100%. The estimated initial fair value is about $960 per $1,000 note, not less than $940, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $200,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Basket-Linked Notes due August 2, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.

The notes are linked to an unequally weighted basket of 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. At maturity, investors receive 1.5x any positive basket return, capped at a maximum settlement amount of $1,417 per $1,000 (basket cap at 127.80% of the initial level). A 10% downside buffer protects principal if the basket decline is within that range; beyond it, losses are leveraged at a buffer rate of about 1.1111, and investors can lose all principal.

The original issue price is 100% of principal, including a 2.00% selling commission, with net proceeds of 98%. The issuer’s estimated value is $975.90 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is issuing $1,223,000 of Capped Dual Directional Buffered Equity Notes due September 2, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of three underlyings: the Dow Jones Industrial Average, the S&P 500 Equal Weight Index and the State Street Health Care Select Sector SPDR ETF.

Each note has a $1,000 denomination, a Maximum Upside Return of 15.50% (cap of $1,155 per $1,000 if the least performing underlying rises), and a Buffer Amount of 15.00%. If the least performing underlying falls by up to 15%, investors receive a positive return equal to the absolute decline, up to 15.00% (maximum $1,150 per $1,000 when the least performing return is negative). Below the 15% buffer, principal is reduced 1% for each additional 1% decline, with a minimum of $150 per $1,000 if that underlying falls 100%.

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 price to public is $1,000 per note, including $5 in selling commissions, for net proceeds of $1,216,885; the issuer’s estimated value is $985.80 per $1,000 note, reflecting structuring, distribution and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Capped Notes due August 29, 2031 linked to the least performing of the Nasdaq‑100 Index, the Dow Jones Industrial Average and the Russell 2000 Index.

Investors receive no interest or dividends but are entitled to full principal repayment at maturity, subject to the credit risks of the issuer and guarantor. At maturity, holders receive $1,000 plus an Additional Amount equal to 150% (the Participation Rate) of the Least Performing Index Return, capped at a Maximum Amount of at least $602.50 per $1,000. If any index finishes at or below its initial level, only principal is repaid.

The notes are unsecured, not listed, and may trade below the issue price, with an estimated value of approximately $943.60 per $1,000 (not less than $900.00) reflecting selling commissions, hedging costs and internal funding assumptions. Tax treatment is complex; the issuer currently intends to treat the notes as contingent payment debt instruments, requiring accrual of original issue discount for U.S. holders.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the iShares Bitcoin Trust ETF (IBIT), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking potential early redemption at a premium or leveraged upside exposure to the fund.

The notes may be automatically called on August 30, 2027 if the ETF’s closing price is at or above 100% of its initial value, paying $1,000 plus a call premium of at least $157.50 per $1,000. If not called and the final ETF value on August 27, 2029 exceeds the initial value, maturity payment equals $1,000 plus 1.50 times the ETF’s positive return. Principal is returned at par if the final value is at or above a 70.00% barrier.

If the notes are not called and the final value falls below the barrier, repayment is reduced one-for-one with the ETF decline, and investors can lose more than 30% and up to all principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan entities, and embed significant bitcoin and volatility risk. Minimum denomination is $1,000, with estimated value indicated around $934.50 per $1,000, and at pricing not less than $900.00.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $4,604,000 of Market Linked Securities tied to the Nasdaq-100 Index, maturing August 3, 2028, in $1,000 denominations with no interest payments or principal protection.

At maturity, holders receive: the principal plus 200% of any Index gain, capped at a 27.00% maximum return (up to $1,270 per $1,000); the principal back if the Index loss is within a 10% buffer; or reduced principal with 1‑to‑1 downside beyond the buffer, with up to 90% loss of principal possible.

The starting level is 28,106.35 and the threshold level is 25,295.715 (90% of the starting level). The price to public is $1,000 per security, including $25.75 in selling commissions, while the issuer’s estimated value is $963.60, reflecting embedded fees, hedging costs and internal funding assumptions. The securities are unsecured, not FDIC insured, not exchange-listed and are intended to be held to maturity.

JPMorgan Chase Financial Company LLC is offering $2,000,000 of Medium‑Term Notes, Series A, Digital Equity Notes due July 11, 2035, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays no interest.

At maturity, if the S&P 500 final level is at least 90.00% of the initial level of 7,437.63, holders receive a fixed $1,940 per $1,000 note (a capped return tied to a 194.00% cap level). If the index falls more than 10% from the initial level, repayment equals principal multiplied by the index performance, so principal losses are 1:1 with index declines and can reach 100%.

The original issue price is 100.00% of principal, including a 5.00% selling commission, for net proceeds of 95.00% to the issuer. The estimated value at pricing is $928.60 per $1,000 note, reflecting internal funding and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and have no issuer call feature. The tax treatment is uncertain, with counsel viewing the notes as prepaid financial contracts, and the documents describe additional risks, conflicts of interest and potential secondary‑market discounts.

JPMorgan Chase Financial Company LLC is issuing $2,876,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index, due August 2, 2029, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are issued in $1,000 denominations, pay no interest, and offer an Upside Leverage Factor of 2.25x on the appreciation of the lesser-performing index at maturity if both indices finish above their initial levels and the notes are not called. They may be automatically called on August 3, 2027 or July 31, 2028 if each index is at or above its Call Value, paying principal plus a call premium of 14.50% or 29.00%, respectively.

A Barrier Amount is set at 70% of the initial level for each index (11,396.266 for the Nasdaq-100 Technology Sector and 2,062.2707 for the Russell 2000). If the notes are not called and either index finishes below its barrier, investors are exposed to a one-for-one loss based on the decline of the lesser-performing index and can lose all principal. The estimated value at pricing was $942.20 per $1,000, below the issue price, and secondary liquidity is not assured. All payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, unsubordinated Uncapped Digital Barrier Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing August 12, 2031. The notes provide uncapped, unleveraged upside to any appreciation of the least performing index at maturity, subject to a Contingent Digital Return of at least 72.50%. If the final level of each index is at or above its initial level, investors receive $1,000 plus the greater of the Contingent Digital Return or the least performing index return. If any index is below its initial level but all are at or above 70.00% of initial (Barrier Amount), principal is repaid at par. If any index finishes below its Barrier Amount, repayment is $1,000 plus the least performing index return, so investors lose 1% of principal for each 1% decline in the least performing index and can lose all principal. Minimum denomination is $1,000. The indicative estimated value is about $966.90 per $1,000, and when finalized will not be less than $900, reflecting embedded fees and hedging costs. The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Callable Fixed Rate Notes due November 12, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed 4.30% per annum, with interest in arrears on February 14, 2027, August 14, 2027 and at maturity, calculated on a 30/360 basis.

The issuer may redeem the notes at par plus accrued interest, in whole but not in part, on February 14, 2027, May 14, 2027 and August 14, 2027. Pricing is between $997.60 and $1,000 per $1,000 principal amount for eligible institutional and fee-based accounts. Selling commissions would be approximately $1.50 per $1,000 note and will not exceed $5.00. U.S. tax counsel expects the notes to be treated as debt instruments with fixed interest payments and issued without original issue discount.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering callable fixed rate notes due August 11, 2028. The notes pay interest at a fixed 4.65% per annum, calculated on a 30/360 day count basis, with interest payable in arrears on August 13, 2027 and at maturity, subject to earlier redemption.

The issuer may, at its option, redeem the notes in whole (but not in part) on the 13th calendar day of February, May, August and November from February 13, 2027 through May 13, 2028 at par plus accrued and unpaid interest, subject to a following business day convention and an unadjusted interest accrual convention. The notes are issued on August 13, 2026 and mature on August 11, 2028.

The price to the public per $1,000 principal amount is between $997.60 and $1,000, and selling commissions, if any, will not exceed $7.50 per $1,000, with an indicative level of approximately $2.00 per $1,000. The notes are unsecured debt obligations, are not bank deposits, and are not insured by the FDIC or any other governmental agency.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500 Index. Each note has a $1,000 principal amount with a Contingent Digital Return of 10.32%, capping the maximum maturity payment at $1,103.20 per note.

At maturity, if the S&P 500 Ending Index Level is at or above the Index Strike Level, or down by up to the 15.00% Contingent Buffer Amount, investors receive the fixed 10.32% return. If the Index is down more than 15.00%, principal is reduced 1% for each 1% decline, so losses can exceed 15.00% and extend to a total loss of principal. The Index Strike Level is 7,316.15, the S&P 500 closing level on July 29, 2026. The notes price at $1,000, with an estimated value of $987.30 per note and fees of $10.42 per note. The pricing date is July 30, 2026, valuation date August 30, 2027, and maturity date September 2, 2027.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing market-linked notes tied to the common stock of Oracle Corporation. Each $1,000 security is an auto-callable note with leveraged exposure to Oracle and contingent principal at risk, maturing on August 2, 2029.

The notes may be automatically called on August 4, 2027 if Oracle’s stock closes at or above the call value of $95.968, paying $1,401.50 per security (a 40.15% call premium). If not called, at maturity investors receive: principal plus 150% of any positive stock return; principal back if the ending price is between the starting price of $119.96 and the threshold price of $71.976; or a loss matching the stock decline if the ending price is below the threshold, with losses beyond 40% and up to full principal possible.

The total offering size is $1,500,000, with $25.75 per security in selling commissions and issuer proceeds of $974.25 per security. The initial estimated value is $947.30 per security, reflecting internal funding and hedging costs. The notes are unsecured obligations, not bank deposits, and carry tax and liquidity complexities highlighted in detailed risk and tax discussions.

JPMorgan Chase Financial Company LLC is issuing $2,451,000 of Capped Digital Barrier Notes linked to the S&P 500 Index, due August 4, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and offers exposure to the Index with structured payoff features.

At maturity, if the Index’s final level is at least 80.00% of its initial level, investors receive $1,000 plus the greater of a 20.00% Contingent Digital Return or the Index return, capped at a maximum total return of 85.00% ($1,850 per $1,000). If the final level is below the 80.00% barrier, repayment becomes linear with the Index return and investors can lose more than 20% and up to all principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial and are subject to the credit risk of both the issuer and guarantor. The price to public is $1,000 per note, including $30 in fees and commissions; the issuer’s estimated value at pricing was $956.50 per $1,000 note, reflecting embedded costs and internal funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes due August 16, 2029 linked to the least performing of three underlyings: the S&P 500 Index, the Dow Jones Industrial Average and the Technology Select Sector SPDR ETF.

The notes offer at least 1.665x any positive return of the least performing underlying if all three finish above their initial values. If any underlying finishes at or below its initial value but all remain at or above 70% of initial (Barrier Amount), investors receive only principal back. If any underlying finishes below its 70% barrier, repayment is reduced one-for-one with the decline of the least performer, exposing investors to losses greater than 30% and potentially a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, have a minimum denomination of $1,000, and an illustrated estimated value of about $946.90 per $1,000 (with a minimum final estimated value of $900) due to embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked notes tied to the common stock of Oracle Corporation. Each security has a $1,000 principal amount and a price to the public of $1,000, including $15.75 in fees and commissions, for issuer proceeds of $984.25 per security.

The notes are auto-callable on August 9, 2027 if Oracle’s stock closing price is at or above the call value. In that case, investors receive principal plus a call premium of at least 42.15%, or at least $1,421.50 per security, and the notes terminate. If not called, the maturity payment in 2029 depends on Oracle’s ending price: investors participate at a 150% upside participation rate if the stock ends above the starting price of $129.87, receive principal back if the ending price is between the starting price and the threshold price of $77.922 (60% of starting), and incur a one-for-one loss if the ending price falls below the threshold, risking more than 40% and up to all of principal.

The indicative estimated value is $961.20 per security and will not be less than $930.00 at pricing, reflecting internal funding and hedging costs. The notes are unsecured obligations, not bank deposits, and carry complex structural, market, valuation and tax risks highlighted in the risk and tax discussions.

JPMorgan Chase Financial Company LLC is offering $480,000 of Auto Callable Contingent Interest Notes linked to the common stock of Broadcom Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and pays contingent interest rather than fixed coupons.

Holders receive a 14.00% per annum Contingent Interest Rate (3.50% per quarter, or $35.00 per $1,000 note) for any Review Date on which Broadcom’s share price is at or above the Interest Barrier and Trigger Value, set at 50.00% of the Initial Value of $387.84 (that is $193.92). Missed interest can be paid later if the barrier is met.

The notes are automatically called if, on any Review Date other than the first and final, Broadcom’s share price is at least the Initial Value; investors then receive $1,000 plus the applicable and any unpaid contingent interest, and no further payments. If not called and the Final Value is at or above the Trigger Value, investors receive principal plus contingent interest at maturity on August 3, 2028. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), exposing investors to losses greater than 50% and up to a total loss of principal.

The price to public is $1,000 per note, including $18.50 of selling commissions and structuring fees, with net proceeds of $981.50 per note. The estimated value at pricing is $960.20 per $1,000 note, reflecting internal funding and hedging costs. Payments are unsecured and subject to the credit risk of both JPMorgan Financial as issuer and JPMorgan Chase & Co. as guarantor, and the notes will not be listed on any exchange, which may limit liquidity.

JPMorgan Chase Financial Company LLC is offering $142,000 of Step-Up Auto Callable Notes linked to the S&P® Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD), due August 4, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest, offer full principal repayment at maturity if not earlier called, and provide 100% participation in any Index appreciation at maturity. They may be automatically called on scheduled review dates starting August 3, 2027 if the Index meets rising call levels, triggering preset call premiums of 11%–66% of principal.

The price to public is $1,000 per note, including selling commissions of $34, with issuer proceeds of $966 per note and an estimated value of $901 at pricing. The investment is unsecured, not FDIC-insured, subject to the credit risk of both the issuer and guarantor, features limited liquidity, and is taxed as a contingent payment debt instrument.

JPMorgan Chase Financial Company LLC is offering $351,000 of Step-Up Auto Callable Notes linked to the J.P. Morgan Dynamic Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, priced with $34 in fees and $966 in proceeds to the issuer, and an estimated value of $888.30 when issued.

The notes may be automatically called on scheduled Review Dates starting August 3, 2027 if the Index closes at or above rising Call Values (from 100.50% to 103.00% of the Initial Value), paying principal plus step-up call premiums from 11% to 66%. If not called, at maturity on August 4, 2033 investors receive full principal plus an Additional Amount equal to Index Return × 100% Participation Rate, floored at zero. The Initial Value is 149.53, and the Index embeds a 0.95% per annum daily deduction and a 3.0% target volatility allocation between equity and Treasury futures. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., may be illiquid, and are expected to be treated as contingent payment debt instruments for U.S. federal tax purposes, requiring accrual of original issue discount based on a 4.81% comparable yield and a projected payment of $1,394.87 at maturity.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5yNC6m Auto Callable Contingent Interest Notes linked to the MerQube Bitcoin Vol Advantage Index, which references an unfunded position in the iShares Bitcoin Trust ETF and applies up to 500% exposure with a 6.0% per annum daily index deduction and a separate daily notional financing cost on the ETF exposure.

The notes have a minimum denomination of $1,000, a pricing date of August 26, 2026, quarterly review dates, a final review date of August 26, 2031 and maturity on August 29, 2031. They pay a contingent interest rate of at least 12.25% per annum (at least 3.0625% per quarter) only if on the relevant review date the index 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 for $1,000 plus the contingent interest for that date. If not called, and the final index value is at or above the Trigger Value (also 60.00% of Initial Value), payment at maturity is $1,000 plus the final contingent interest. If the final value is below the Trigger Value, repayment is reduced based on the index return and investors will lose more than 40% of principal and could lose all principal. The estimated value at issuance will be not less than $900 per $1,000 note, and all payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $2,661,000 of Auto Callable Contingent Interest Notes linked to the common stock of United Rentals, Inc. (URI), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of August 3, 2028 and are issued in minimum denominations of $1,000.

Holders may receive a Contingent Interest Payment of $31.25 per $1,000 per quarter, equivalent to 12.50% per annum, for any Review Date on which URI’s closing price is at least 60.00% of the Initial Value. The Initial Value is $1,068.63 and the Interest Barrier and Trigger Value are 60.00% of that amount, or $641.178. Missed interest can be paid later if the barrier is met, but investors may receive no interest over the life of the notes.

The notes are automatically called if, on any Review Date other than the first and final, URI’s closing price is at least the Initial Value, with the earliest potential call on February 1, 2027. If the notes are not called and the Final Value is below the Trigger Value, repayment of principal is reduced 1% for each 1% decline from the Initial Value, leading to losses greater than 40% and possibly a full loss of principal. The estimated value at pricing is $962.90 per $1,000, below the price to public.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the MerQube Bitcoin Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with expected settlement on or about August 31, 2026 and maturity on August 29, 2031.

The notes pay a contingent interest rate of at least 12.25% per annum, or at least 3.0625% per quarter, only if on a Review Date the Index closes at or above 60.00% of its initial level (the Interest Barrier). The notes are automatically called, starting February 26, 2027, if on any non‑first, non‑final Review Date the Index is at or above its Initial Value, returning $1,000 principal plus that period’s contingent interest.

If the notes are not called and the Final Value is at least 60.00% of the Initial Value, investors receive $1,000 plus the final contingent interest. If the Final Value is below 60.00%, the payoff is $1,000 + ($1,000 × Index Return), so principal loss exceeds 40% and can reach 100%. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on its bitcoin ETF exposure, uses up to 500% leverage with a 35% target volatility, and is tied to the iShares Bitcoin Trust ETF, making the notes highly sensitive to bitcoin price and volatility as well as the credit of JPMorgan Chase Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Capped Buffer GEARS, unsecured debt securities fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to an unequally weighted basket of five equity indices: EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index and S&P/ASX 200.

The $10-denomination notes have an approximately 2-year term, with Upside Gearing of 2.00 and a Maximum Gain between 36.55% and 39.55%, finalized on the trade date. The Basket is set to an Initial Basket Value of 100, and principal is protected only by a 10.00% buffer down to a Downside Threshold of 90.00% of the Initial Basket Value; below that level, investors lose 1% of principal for every 1% additional decline, up to a 90% loss.

The securities pay no interest or dividends and expose investors to both market risk of the Basket and credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $9.964 per $10 note and will not be less than $9.60 at pricing, reflecting structuring and hedging costs. Proceeds support JPMorgan’s general funding and hedging activities; separate donations totaling up to $800,000 to Hope & Heroes are unconditional and not tied to sales.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year auto callable buffered return enhanced notes linked to the MerQube US Tech+ Vol Advantage Index. The Index reflects a 6.0% per annum daily deduction and the QQQ-based Underlying Asset bears a daily notional financing cost. Index exposure can range from 0% to 500% of the Underlying Asset.

The notes feature a 3.00 Upside Leverage Factor and a 15.00% Buffer Amount. If on the September 1, 2027 Review Date the Index is at or above 100% of its Initial Value, the notes are automatically called, paying $1,000 plus a Call Premium of at least 33.00% per annum. If not called, payment at the August 29, 2031 maturity depends on Index performance: leveraged upside above the Initial Value; full principal return if losses are within the 15% buffer; and partial to total principal loss beyond that. The estimated value will be at least $900 per $1,000 note, and all payments are subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of September 5, 2031 and minimum denominations of $1,000.

The notes may be automatically called on review dates starting August 31, 2027 if the Index is at or above preset Call Values, paying back principal plus a fixed call premium. If not called, at maturity investors receive $1,000 plus an Additional Amount equal to the Index Return × a 100% Participation Rate, floored at zero, providing full principal repayment at maturity but no downside participation. The Index includes a 1.00% per annum daily deduction, and the notes pay no periodic interest. Any payment is subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value per $1,000 note (e.g., approximately $932.70 if priced on the example date) is lower than the purchase price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing Digital Contingent Buffered Notes linked to the S&P 500 Index. The notes offer a fixed Contingent Digital Return of 8.32%, giving a maximum maturity payment of $1,083.20 per $1,000 note if the Index ending level is at or above the strike, or down by up to the 25.00% Contingent Buffer Amount.

If the S&P 500 falls by more than 25% from the Index Strike Level of 7,316.15, investors lose 1% of principal for each 1% decline, potentially losing all principal. The total offering is $700,000 at $1,000 per note, with selling fees of $10.42 per note and an estimated value of $987.20. The pricing date is July 30, 2026, valuation date August 30, 2027, and maturity September 2, 2027.

The notes involve complex U.S. tax treatment, including possible characterization as contingent payment debt instruments and discussion of Section 871(m) withholding for non‑U.S. holders. Secondary market liquidity is not assured, and any trading price may differ from the estimated value due to internal funding rates, hedging costs and dealer spreads.

JPMorgan Chase Financial Company LLC is offering Trigger Absolute Return Step Securities, five-year structured notes linked to an unequally weighted basket of five equity indices (EURO STOXX 50®, Nikkei 225, FTSE® 100, Swiss Market Index and S&P/ASX 200). The notes are issued at $10 per Security with a minimum investment of $1,000 and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

The basket starts at 100 and is weighted 40% EURO STOXX 50®, 25% Nikkei 225, 17.5% FTSE® 100, 10% Swiss Market Index and 7.5% S&P/ASX 200. If the Final Basket Value is at or above the Step Barrier of 100%, investors receive principal plus the greater of the Step Return (finalized on the trade date, within a range of 52.85%–57.85%) and the Basket Return. If the Final Basket Value is below the Step Barrier but at or above the Downside Threshold of 75, investors receive principal plus the Contingent Absolute Return, equal to the absolute value of the Basket Return.

If the Final Basket Value falls below the Downside Threshold, repayment is reduced in proportion to the negative Basket Return, and investors can lose a significant portion or all of their principal. The estimated value is illustrated at $9.816 per $10 principal (and will not be less than $9.50 when set). Payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the instruments are not insured or bank deposits.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced 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 29, 2031.

The notes may be automatically called on September 1, 2027 if the Index is at or above 100% of its initial level, paying $1,000 plus a call premium of at least $330 per $1,000. If not called and held to maturity, investors receive 3.00 times any positive Index return, subject to no cap, a 15.00% downside buffer, and a maximum possible loss of 85.00% of principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ-based exposure, which will drag performance versus an equivalent index without such charges. The estimated value is approximately $918.30 per $1,000 note (and will not be less than $900.00), and the notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering callable fixed rate notes due February 14, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 5.00% per annum, calculated on a 30/360 basis, with interest paid in arrears on the 14th of February and August each year, beginning February 14, 2027, so long as the notes remain outstanding.

The issuer may redeem the notes early, in whole but not in part, on the 14th of February, May, August and November from August 14, 2027 through November 14, 2029, at par plus accrued interest, subject to the stated business day and interest accrual conventions. The pricing date is expected to be August 12, 2026, with an original issue date of August 14, 2026. The public offering price per note is $1,000, with eligible institutional or fee-based accounts paying between $992.60 and $1,000 per $1,000 principal amount. Selling commissions, paid by the issuer to dealers through J.P. Morgan Securities LLC, are expected to be about $2.50 per $1,000 principal amount and will not exceed $10.00 per $1,000. The notes are unsecured obligations, not bank deposits, and are not insured by any governmental agency.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, are expected to settle on or about August 31, 2026, and mature on August 29, 2031.

The notes may be automatically called on September 7, 2027 if the Index on the September 1, 2027 Review Date is at or above the Call Value, paying $1,000 plus a Call Premium Amount of at least $420. If not called, investors receive at maturity an uncapped leveraged upside of 2.00 times any positive Index return, full principal back if the Index decline does not exceed the 15% Buffer Amount, and 1% principal loss for each 1% Index decline beyond that buffer, up to an 85% loss of principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which are expected to drag performance versus an identical index without such deductions. The indicative estimated value is approximately $910.80 per $1,000 note and will not be less than $900.00 when set, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5-year Auto Callable Buffered Return Enhanced Notes linked to the MerQube US Tech+ Vol Advantage Index. The notes have a $1,000 minimum denomination, an Upside Leverage Factor of 2.00, and a 15.00% Buffer Amount.

The Index provides rules-based exposure to an unfunded position in the Invesco QQQ Trust, Series 1, with exposure dynamically adjusted between 0% and 500%. The Index level reflects a 6.0% per annum daily deduction, and QQQ performance is further reduced by a daily notional financing cost.

The notes may be automatically called on the September 1, 2027 Review Date if the Index is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium Amount based on at least 42.00% per annum. If not called, payments at the August 29, 2031 maturity depend on Index performance, with 2x leveraged upside above the Initial Value, full principal return if losses are within the 15% buffer, and principal losses beyond that. 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 contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to price on or about August 31, 2026, settle on or about September 3, 2026, and mature on September 5, 2031, in minimum denominations of $1,000.

Investors may receive a contingent interest rate of at least 10.00% per annum (paid monthly) for any Review Date on which the Index closes at or above 75.00% of its Initial Value (the Interest Barrier), with unpaid coupons potentially catching up later. The notes are automatically called if, on specified Review Dates starting August 31, 2027, the Index is at or above its Initial Value, returning principal plus due interest.

If the notes are not called and the Final Value is at or above the 70.00% Buffer Threshold, principal is repaid (plus any due contingent interest). Below that level, repayment is reduced using a 30.00% buffer formula, exposing investors to up to a 70.00% principal loss. The Index itself is complex, uses up to 500% leverage, targets 35% implied volatility and is subject to a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. All payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $937.80 per $1,000 note, and will not be less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC is offering structured Buffered Digital Notes linked to the lesser performer of the Nasdaq-100 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 10, 2028, in minimum denominations of $1,000.

At maturity, if each index is at or above its initial level, or down by no more than the 20.00% Buffer Amount, investors receive principal plus a fixed Contingent Digital Return of at least 21.05%, for a total of $1,210.50 per $1,000 in the illustrative case. If either index is below its initial level by more than 20%, repayment is reduced 1% for each additional 1% decline in the lesser-performing index, with maximum loss of 80.00% of principal.

The notes pay no interest, do not provide dividends from index constituents, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. An illustrative estimated value is $987.50 per $1,000, and the final estimated value will not be less than $900.00 per $1,000.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Equity Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000 and are expected to settle on or about August 31, 2026, maturing on August 29, 2031.

An automatic call may occur on September 1, 2027 if the Index closing level is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium Amount of at least $510 per note, after which no further payments are due. If not called and the Final Value is above the Initial Value, investors receive $1,000 plus the full Index Return. If the Final Value is down by up to the 15% buffer, principal is returned; below that, investors lose 1% of principal for each 1% additional decline, for a maximum loss of 85% at maturity.

The underlying Index employs a 35% target volatility with exposure between 0% and 500% to an unfunded position in the Invesco QQQ Fund, and is reduced by a 6.0% per annum daily deduction plus a daily notional financing cost (SOFR + 0.50%), which will drag performance versus an equivalent index without such charges. The indicative estimated value is about $903.40 per $1,000 note and will not be less than $900.00, reflecting embedded selling commissions (up to $44 per $1,000) and hedging costs. Payments are unsecured and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the notes pay no interest or dividends.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year auto callable buffered equity notes linked to the MerQube US Tech+ Vol Advantage Index, which references an unfunded position in the Invesco QQQ Trust with up to 500% exposure and 0–500% dynamic leverage.

The Index level reflects a 6.0% per annum daily deduction and the QQQ exposure is reduced by a daily notional financing cost. The notes have a 15.00% Buffer Amount against moderate declines, but investors may lose some or most of principal beyond that.

If on the September 1, 2027 Review Date the Index is at or above 100% of its Initial Value, the notes are automatically called, paying $1,000 plus a Call Premium of at least 51.00% per annum. If not called, the August 26, 2031 maturity payoff depends on Index performance, with upside participation when the Final Value exceeds the Initial Value and buffered downside otherwise. The minimum denomination is $1,000, and the estimated value at pricing will be at least $900 per $1,000 note. All payments are subject to the credit risks of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering S&P 500® index-linked medium-term notes due August 5, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays a fixed quarterly coupon expected between 1.69% and 1.98% of principal (between 6.76% and 7.92% per annum) on specified coupon payment dates.

At maturity, in addition to the final coupon, repayment of principal depends on S&P 500® performance from the trade date to the determination date. If the final index level stays at or above the 80% trigger buffer level, investors receive 100% of principal. If it falls below 80%, repayment is reduced 1% for each 1% index decline from the initial level, down to possible total loss of principal. Upside is capped: investors do not participate in any index appreciation beyond receiving coupons. The notes are unsecured obligations subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., are not insured, and will not be listed. The estimated value at pricing is expected between $977.80 and $987.80 per $1,000, reflecting selling costs and hedging margins.

JPMORGAN CHASE & CO (JPM), via its wholly owned subsidiary JPMorgan Chase Financial Company LLC, is offering Trigger Absolute Return Step Securities, five-year unsecured notes linked to an unequally weighted basket of six equity indices (S&P 500®, EURO STOXX 50®, Nikkei 225, FTSE® 100, Swiss Market Index and S&P/ASX 200).

The notes are issued at $10 per Security, with selling commissions of $0.35 and issuer proceeds of $9.65 per Security. The Basket is set to an initial value of 100, with weights of 30% S&P 500, 28% EURO STOXX 50, 17.5% Nikkei 225, 12.25% FTSE 100, 7% Swiss Market Index and 5.25% S&P/ASX 200. If the Final Basket Value is at or above the Step Barrier (100), investors receive principal plus the greater of a fixed Step Return (to be set between 35.75% and 40.75%) or the Basket Return. If the Final Basket Value is between the Step Barrier and the Downside Threshold of 75, investors receive principal plus the Contingent Absolute Return (the absolute Basket Return. Below 75, repayment is principal reduced proportionately to the negative Basket Return, with potential total loss.

The notes pay no coupons, do not pass through index dividends, and are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value is about $9.576 per $10 Security, and will not be set below $9.20.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering Uncapped Digital Barrier Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, maturing on August 29, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide uncapped, unleveraged exposure to any gain of the worst-performing index at maturity, with a Contingent Digital Return of at least 60.00% if each index finishes at or above its initial level. If any index is below its initial level but all remain at or above 60.00% of initial (the Barrier Amount), investors receive principal only.

If any index ends below its Barrier Amount, repayment equals $1,000 plus the return of the least-performing index, so losses exceed 40% and can reach 100% of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are not listed, and have a minimum denomination of $1,000. The estimated value would be about $940 per $1,000 note if priced on the reference date and will not be less than $920 per $1,000 when finalized, reflecting embedded fees and hedging costs.

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

The notes have a minimum denomination of $1,000, a pricing date of August 31, 2026, monthly review dates, a final review date of September 2, 2031 and maturity on September 5, 2031. They pay a contingent interest rate of at least 10.00% per annum, or at least 0.83333% per month, only if on a review date the index level is at or above a 75.00% interest barrier.

If on any applicable review date (other than the first eleven and final) the index is at or above its initial level, the notes are automatically called at $1,000 plus the current and any unpaid contingent interest, with no further payments. If not called, and the final index level is at or above a 70.00% buffer threshold, investors receive $1,000 plus due contingent interest and any unpaid prior contingent interest. If the final level is below the buffer threshold, repayment is reduced according to $1,000 + [$1,000 × (Index Return + 30.00% buffer amount)], so investors can lose some or most of principal. All payments are subject to the credit risk of the issuer and guarantor, and the estimated value at issuance will be no less than $900 per $1,000 note.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing July 31, 2029. Investors receive contingent monthly interest only when the Index closes at or above 85.00% of its initial level; missed coupons may be paid later if the barrier is met.

The notes can be automatically called starting February 26, 2027 if the Index is at or above 95.00% of its initial level, returning principal plus due and unpaid contingent interest. At maturity, if not called and the Index is at or above the 85.00% Buffer Threshold, investors receive principal plus due and unpaid contingent interest; otherwise, principal is reduced 1% for each 1% Index loss beyond a 15.00% buffer, up to an 85.00% loss of principal.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance and cause the Index to lag a similar index without these charges. Each $1,000 note is expected to be sold at par, with an estimated value of about $931.10 and not less than $900.00, reflecting selling commissions, structuring and hedging costs. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. and the notes are not bank deposits or FDIC insured.

JPMORGAN CHASE & CO (through issuer JPMorgan Chase Financial Company LLC) is offering $19,000,000 of Callable Fixed Rate Notes due August 31, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 4.325% per annum, calculated on a 30/360 basis, with interest payable in arrears on July 31, 2027 and at maturity, unless earlier redeemed. The issuer may redeem all (but not part) of the notes at par plus accrued interest on January 31, 2027, April 30, 2027 or July 31, 2027. Each note has a $1,000 principal amount, priced at $1,000 to the public; underwriting fees are $1.224 per $1,000, resulting in total proceeds to the issuer of $18,976,750. The notes are unsecured obligations of the issuer, are not bank deposits and are not insured by the FDIC or any other governmental agency.

JPMORGAN CHASE & CO (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is issuing unsecured, unsubordinated callable notes due August 3, 2033, linked to the 10-year Constant Maturity Treasury (CMT) rate and fully guaranteed by JPMorgan Chase & Co.

The notes pay quarterly variable interest at up to 9.45% per annum only for days when the 10-year CMT rate is less than or equal to 5.25%; on days outside this range, interest is 0%. Interest each period equals 9.45% × (accrual days/total days). JPMorgan Financial may redeem the notes, in whole but not in part, at par plus accrued interest on specified quarterly dates from August 3, 2027 through May 3, 2033.

The aggregate principal amount is $2.66 million, with a denomination of $1,000 per note and quarterly payments on February 3, May 3, August 3 and November 3. The public issue price is $1,000 per note, but the estimated value on the pricing date is $975, reflecting embedded fees, structuring costs and hedging profits. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring holders to accrue original issue discount over the term.

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

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is issuing Capped Trigger GEARS, 4‑year structured notes linked to the S&P 500® Index. The total offering size is $3,115,100, priced at $10 per Security, with proceeds to the issuer of $9.70 per Security.

At maturity in July 2030, if the S&P 500 shows a positive return, holders receive principal plus 1.50x the index gain, capped at a Maximum Gain of 48.70%. If the index return is zero or negative but remains at or above the Downside Threshold of 75% of the Initial Value (7,316.15; threshold 5,487.11), investors receive principal back. If the Final Value is below the Downside Threshold, repayment is $10 + ($10 × Underlying Return), giving full downside exposure and potential loss of all principal. The notes pay no interest, do not pass through dividends, and all payments depend on the creditworthiness of JPMorgan Chase Financial Company LLC and the JPMorgan Chase & Co. guarantee.

JPMORGAN CHASE & CO (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering callable fixed rate notes due August 14, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 5.20% per annum, using a 30/360 day count, with interest paid annually on August 14, beginning August 14, 2027, in arrears.

The issuer may, at its option, redeem the notes in whole (not in part) on the 14th calendar day of February and August of each year from August 14, 2027 through February 14, 2031 at 100% of principal plus accrued and unpaid interest. The minimum price to the public for certain eligible institutional or fee-based accounts will be between $987.60 and $1,000 per $1,000 principal amount, and selling commissions will be approximately $2.50 and not more than $12.50 per $1,000 principal amount. The notes are unsecured debt obligations, are not bank deposits, and are not insured by the FDIC or any other governmental agency.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, due August 29, 2031. The notes pay a monthly Contingent Interest Payment of at least $7.0833 per $1,000 (at least 8.50% per annum) for any Review Date when the Index is at or above an Interest Barrier of 80.00% of the Initial Value, with unpaid interest amounts accruing if later barriers are met.

The notes may be automatically called starting August 26, 2027 if the Index is at or above its Initial Value on specified Review Dates, returning $1,000 plus due and unpaid interest. If held to maturity and the Final Value is below a Buffer Threshold of 70.00% of the Initial Value, principal is reduced 1% for each 1% decline beyond the 30.00% Buffer Amount, exposing investors to losses of up to 70.00% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance.

The minimum denomination is $1,000. If priced on the described date, the estimated value would be about $907.80 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and the issuer’s internal funding rate. Payments depend on the credit of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co.