JPMorgan Chase & Co. 424B Filings

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Capped Buffer GEARS due on or about August 16, 2028, linked to an unequally weighted basket of five equity indices (EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index, S&P/ASX 200).

Each Security has a $10 principal amount and provides 2.00x leveraged upside to any positive Basket Return, subject to a Maximum Gain between 28.25% and 31.25%. The Basket starts at 100; if the Basket Return is zero or negative but the Final Basket Value is at or above the Downside Threshold of 90% of the Initial Basket Value, investors receive full principal at maturity.

If the Basket Return is negative and the Final Basket Value is below the Downside Threshold, the payoff is reduced by 1% for each 1% decline beyond the 10% Buffer, so investors may lose up to 90% of principal. The notes pay no interest, provide no dividends from the indices, and expose holders to the credit risk of JPMorgan Financial and guarantor JPMorgan Chase & Co. Price to public is $10.00, with selling commissions up to $0.20 per Security and estimated value currently illustrated at about $9.758 (not less than $9.40 when finalized). Minimum investment is $1,000, and the term is approximately two years from the expected August 13, 2026 trade date.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto-callable structured “Review Notes” linked individually to the EURO STOXX 50®, Russell 2000® and Nasdaq‑100® indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about August 14, 2026, settle on or about August 19, 2026, and mature on August 19, 2031, with minimum denominations of $1,000.

The notes may be automatically called quarterly starting August 17, 2027 if each index is at or above 100% of its initial level, paying $1,000 plus an increasing Call Premium Amount (at least 12.2% on the first Review Date, up to at least 61.0% on the final Review Date). If not called, principal is protected only if the final level of each index is at or above 60% of its initial level; otherwise repayment is reduced one-for-one with the performance of the worst index, and investors can lose all principal. The indicative estimated value is about $940 per $1,000 note and will not be less than $920, reflecting embedded costs and issuer funding assumptions.

JPMORGAN CHASE & CO (through JPMorgan Chase Financial Company LLC) is offering Digital Buffered Equity Notes due December 22, 2028, linked to an unequally weighted basket of five non-U.S. equity indices: EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%). The notes pay no interest and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

The initial basket level is set to 100. If the final basket level is at or above 100, investors receive the greater of principal plus basket return or a fixed "digital" payoff, with the threshold settlement amount expected between $1,217.60 and $1,256.00 per $1,000 note. If the basket falls but remains at or above 87.50% of the initial level, investors receive principal only. Below that buffer level, losses are leveraged: for each 1% drop beyond the 12.5% buffer, payoff falls by about 1.1429% of principal, down to a potential total loss.

The notes will be sold at 100% of principal, with no underwriting commission, and an estimated value at issuance between $971.40 and $981.40 per $1,000. They will not be listed, and secondary liquidity depends on J.P. Morgan Securities LLC. Returns are subject to the credit risk of both the issuer and guarantor, complex tax treatment (including "open transaction" characterization and Section 871(m) considerations), and extensive market, correlation, and conflict-of-interest risks highlighted in the risk factors.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering principal-at-risk Contingent Income Callable Securities due May 10, 2030 linked to the worst-performing of the Nasdaq-100, S&P 500 and Russell 2000 indices. Investors may receive a quarterly contingent payment of at least 2.95% of the $1,000 principal (at least $29.50 per security) for any quarter in which each index stays at or above 75% of its initial level on every day; otherwise the coupon for that quarter is zero.

The notes are callable at the issuer’s discretion on any quarterly payment date other than the first and last, at par plus any due coupon. At maturity, if not called, investors receive $1,000 only if each index is at or above 65% of its initial level; otherwise the payoff tracks the worst index on a 1:1 downside basis and can fall below 65% of principal, down to zero. The price to the public is $1,000 per note, including selling and structuring fees of $27.50 per note, while the estimated value would be about $942.60 if priced on the example date (and will not be less than $920.00), reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and matures on August 12, 2031.

The notes may be automatically called on any of 17 Review Dates starting August 11, 2027 if the closing level of each Index is at or above its Call Value (generally up to 91% of Initial Value, and up to 80% on the final Review Date). If called, investors receive $1,000 plus a Call Premium that steps up from at least 10% (first Review Date) to at least 50% (final Review Date).

If the notes are never called and on the final Review Date any Index closes below its Barrier Amount of 80.00% of Initial Value, repayment is reduced by the full decline of the Least Performing Index, with potential loss of all principal. The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $976.30 per $1,000 note and will not be less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC is offering structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., in minimum denominations of $1,000. The notes may be automatically called as early as February 26, 2027 if, on a Review Date, the Index is at or above the Call Value, paying back principal plus a fixed Call Premium.

Minimum Call Premiums range from 6.00% to 35.00% of principal across 30 Review Dates. If the notes are not called, they offer a 15.00% downside buffer, but investors can lose up to 85.00% of principal at maturity if the Index falls more than the buffer. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, and can use leverage up to 500% exposure to QQQ, which materially drags performance and can magnify losses. The indicative estimated value is about $926.20 per $1,000 note, not less than $900.00 at pricing, reflecting selling costs and internal funding assumptions. Payments depend on JPMorgan Financial’s and JPMorgan Chase & Co.’s credit and the notes pay no interest or dividends.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 29, 2031, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. Investors receive a Contingent Interest Payment on each review date only if the Index is at or above 75% of the Initial Value (the Interest Barrier); otherwise no interest is paid for that period. The notes may be automatically called as early as August 26, 2027 if the Index is at or above the Initial Value on specified review dates, returning principal plus that period’s interest, with no further payments.

If the notes are not called and the final Index value is below the 70% Buffer Threshold, principal is reduced 1% for each 1% decline beyond the 30% Buffer Amount, for a maximum loss of 70% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, causing it to lag a comparable undeducted index. The notes price at $1,000 denominations; if priced today, the estimated value would be about $905.70 per $1,000, and at issuance will not be less than $900.00, reflecting selling costs and internal funding and hedging assumptions.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, due August 29, 2031, fully guaranteed by JPMorgan Chase & Co. Investors receive a Contingent Interest Payment only for Review Dates when the Index closes at or above 70% of the Initial Value (the Interest Barrier). The notes are automatically called on certain Review Dates if the Index closes at or above the Initial Value, with the earliest possible call on August 26, 2027.

If not called, principal is protected only down to a Buffer Threshold of 85% of the Initial Value; below this level, investors lose 1% of principal for each 1% Index decline beyond the 15% Buffer Amount, for a maximum loss of 85% of principal. The Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag performance and cause it to trail an otherwise similar index without such charges. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at issuance is expected to be below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity of September 5, 2031 and are issued in $1,000 minimum denominations.

The notes feature automatic call opportunities on annual Review Dates starting September 3, 2027 if the Index is at or above 100% of its Initial Value. If called, investors receive $1,000 plus a Call Premium, with minimum premiums of 30%, 60%, 90%, 120% and 150% of principal on successive Review Dates. If not called and the Final Index Value is at or above 50% of the Initial Value, investors receive back principal at maturity; below that barrier, repayment is $1,000 + ($1,000 × Index Return), so losses can exceed 50% and reach total principal loss.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, meaning it will lag an otherwise identical index without these charges. It targets 35% volatility with exposure to the Underlying Asset dynamically adjusted between 0% and 500%. The indicative estimated value is about $937 per $1,000 note and will not be less than $900 per note at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions. Payments are unsecured and subject to the credit risk of both the issuer and JPMorgan Chase & Co., and the notes pay no interest or dividends.

JPMorgan Chase Financial Company LLC is offering structured, auto-callable notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on September 5, 2031 and may be automatically called as early as September 3, 2027 if the Index is at or above the Call Value, set at 100% of the Initial Value.

If called, investors receive $1,000 plus a Call Premium Amount that is at least 30%, 60%, 90%, 120% or 150% of principal on successive Review Dates. If not called and the Final Value is at least 50% of the Initial Value (the Barrier Amount), principal is returned at maturity; otherwise, repayment equals $1,000 plus $1,000 × Index Return, so losses can exceed 50% and reach all principal.

The Index employs a leveraged, volatility-targeting futures strategy on E-mini S&P 500 contracts and is reduced by a 6.0% per annum daily deduction, which puts a persistent drag on performance. Minimum denomination is $1,000. If priced today, the estimated value would be about $917.60 per $1,000 note and will not be less than $900, reflecting embedded costs. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are expected to have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering structured notes due August 29, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the MerQube US Tech+ Vol Advantage Index. The notes may be automatically called quarterly starting August 31, 2027 if the Index is at or above the Call Value, paying back $1,000 plus a call premium that starts at 18% of principal and can rise to 90% by the final review date.

The notes pay no interest and offer a 15% downside buffer at maturity; if the Index is down more than 15% and the notes were not called, principal is reduced 1% for each 1% drop beyond the buffer, for a possible loss of up to 85% of principal. The underlying Index uses a rules-based strategy on the Invesco QQQ Fund with 0–500% exposure, targets 35% volatility, and applies a 6.0% per annum daily deduction plus a SOFR + 0.50% notional financing cost, which materially drags performance. The minimum denomination is $1,000, and the indicative estimated value is about $907.60 per $1,000 note, not less than $900 when finalized.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on August 29, 2031. The notes may be automatically called on quarterly review dates starting February 26, 2027 if the Index closing level is at least its Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments. On each review date, a Contingent Interest Payment is made only if the Index is at or above 60.00% of the Initial Value (the Interest Barrier), at a rate to be set but at least 12.25% per annum, paid quarterly. If the notes are not called and on the final review date the Index is below the 60.00% Trigger Value, the maturity payment is reduced 1% for every 1% Index decline from the Initial Value, exposing investors to a substantial or total loss of principal. The underlying Index employs leverage up to 500%, targets 35% implied volatility, and is subject to a 6.0% per annum daily deduction, which creates a drag on performance. The notes are unsecured obligations in minimum denominations of $1,000; an indicative estimated value is about $900.30 per $1,000 note, and will not be less than $880.00 per $1,000 when finalized, both below the price to public, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to mature on August 29, 2031, in minimum denominations of $1,000 at a price to public of $1,000 per note.

The notes feature automatic call observations starting on August 30, 2027. If on any Review Date the Index is at or above the Call Value, investors receive $1,000 plus a fixed Call Premium Amount that starts at 15.00% of principal and steps up by 1.25 percentage points per Review Date to at least 75.00% on the final Review Date. If never called and the Final Index Value is down by no more than the 15.00% Buffer Amount, principal is returned at maturity; if the decline exceeds the buffer, principal is reduced 1% for each 1% drop beyond the buffer, for a maximum loss of 85.00%.

The underlying Index targets 35% volatility with exposure between 0% and 500% to the QQQ-based Underlying Asset and is subject to a 6.0% per annum daily index deduction plus a daily notional financing cost of SOFR + 0.50%. These deductions and leverage can materially drag performance, so the Index is expected to trail a comparable index without such charges. The notes pay no interest or dividends, carry issuer and guarantor credit risk, are not listed, and may trade below the issue price; the indicative estimated value is approximately $907.30 per $1,000 note and will not be less than $900.00 at pricing.

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., maturing on August 29, 2031, in minimum denominations of $1,000.

The notes may be automatically called on annual Review Dates starting August 30, 2027 if the Index closing level is at least 100% of the Initial Value, paying $1,000 plus a Call Premium of at least 26.25%–131.25% of principal depending on the call year, after which no further payments are due.

If not called, and the Final Value is at least 50% of the Initial Value (the Barrier Amount), investors receive principal back at maturity. If the Final Value is below the Barrier, the payoff is $1,000 + ($1,000 × Index Return), exposing investors to more than 50% and up to 100% loss of principal.

The Index is an excess-return, volatility-target index with up to 500% exposure to an unfunded position in the QQQ Fund, reduced daily by a 6.0% per annum deduction and a notional financing cost, which will generally drag on performance. The indicative estimated value is about $906.80 per $1,000 note, and will not be less than $900.00, and payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Gold Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the Index closes at or above 60.00% of its Initial Value (the Interest Barrier). The notes are automatically called, with repayment of principal plus the applicable contingent interest, if on any Review Date other than the first and final the Index closes at or above its Initial Value.

If the notes are not called and on the final Review Date the Index is below the Trigger Value (also 60.00% of the Initial Value), repayment of principal is reduced 1% for every 1% decline in the Index, down to zero, so investors may lose all principal and receive no interest. The Index itself is reduced by a 6.0% per annum daily deduction and can employ leverage up to 500% exposure to gold futures, which can amplify volatility and drag on performance.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are issued in minimum denominations of $1,000, and will not be listed on any securities exchange. If priced on the described date, the estimated value would be about $927 per $1,000, and will not be less than $900 per $1,000 when set, reflecting embedded costs and hedging economics.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due August 8, 2029, linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon only if on a Review Date each index is at or above its Interest Barrier of 70% of its Initial Value. The contingent interest rate will be at least 10.80% per annumredeem the notes early on certain Interest Payment Dates, beginning February 8, 2027, paying $1,000 plus any due contingent interest.

If the notes are not redeemed and, on the final Review Date, the Final Value of any index is below its 70% Trigger Value, investors receive $1,000 plus $1,000 multiplied by the return of the least performing index, resulting in a loss of principal that could reach 100%. The indicative estimated value is about $972.30 per $1,000, and when priced will not be less than $940.00 per $1,000, reflecting structuring and hedging costs and internal funding rates. 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 liquidity.

JPMorgan Chase Financial Company LLC is offering $3,443,000 of Uncapped Accelerated Barrier Notes linked to the lesser performance of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, due August 1, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide an uncapped leveraged upside, paying 2.305 times any positive return of the lesser performing underlying at maturity, if both finish above their initial values. If either underlying finishes at or above its 70% Barrier Amount, principal is returned. If either finishes below its Barrier Amount, investors lose 1% of principal for each 1% decline in the lesser performing underlying, down to a total loss.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, limiting liquidity. The price to public is $1,000 per note, while the estimated value at pricing was $969.40, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC is issuing $1,720,000 of Auto Callable Buffered Return Enhanced Notes linked to the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per denomination and are expected to settle on or about August 3, 2026, maturing on August 2, 2029, unless automatically called on August 4, 2027.

The notes can be automatically called at a premium if each index is at or above its Call Value on the Review Date, paying $1,000 plus a $125 Call Premium. If not called and each index finishes above its Initial Value at maturity, holders receive an uncapped 2.00x leveraged return based on the least performing index. A 20.00% Buffer Amount protects principal against moderate declines, but if any index falls by more than 20.00%, repayment is reduced 1% for each additional 1% decline, with losses up to 80.00% of principal. The notes pay no interest, do not provide dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and may be illiquid. The estimated value is $984.40 per $1,000, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering structured notes due August 9, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, treated individually rather than as a basket.

The notes may be automatically called on scheduled Review Dates starting August 9, 2027 if each index closes at or above 100% of its Initial Value, paying $1,000 plus a Call Premium that starts at at least 17.20% of principal and rises to at least 51.60% on the final Review Date.

If not called and each index’s Final Value is at least its Barrier Amount of 70% of Initial Value, investors receive principal back at maturity. If any index finishes below its Barrier Amount, payoff is $1,000 × (1 + Least Performing Index Return), so losses exceed 30% and can reach a total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of about $978.10 per $1,000 if priced on the reference date, with a minimum estimated value of $940 per $1,000 when set.

JPMorgan Chase Financial Company LLC is offering $370,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performance of the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, issued in $1,000 minimum denominations, are scheduled to mature on August 1, 2031.

The notes may be automatically called on August 4, 2027 if each index is at or above its Call Value, paying $1,245 per $1,000 note (principal plus a $245 Call Premium) and then terminating. If not called, at maturity investors receive 1.50 times any positive return of the lesser-performing index, full principal back if that index stays at or above 70% of its Initial Value, or a one-for-one loss with the lesser index if it finishes below the Barrier Amount, up to total loss of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $973.80 per $1,000 at pricing, reflecting structuring and hedging costs. They are not listed, and secondary market liquidity and pricing are expected to be limited.

JPMorgan Chase Financial Company LLC is issuing $1,110,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 Index, maturing August 2, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer an Upside Leverage Factor of 1.70x any positive performance of the lesser performing index at maturity, with a 5.00% downside buffer. If either index falls by more than 5%, principal is reduced 1% for each additional 1% decline in the lesser performing index, up to a maximum loss of 95.00% of principal, leaving a minimum payment of $50 per $1,000 note. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not listed, so liquidity may be limited.

The price to the public is $1,000 per note, while the issuer’s estimated value at pricing was $981.30 per $1,000 note. The notes priced on July 29, 2026 and are expected to settle on or about August 3, 2026, in minimum denominations of $1,000.

JPMorgan Chase Financial Company LLC is issuing $7,696,000 of Auto Callable Contingent Interest Notes linked to the common stock of The Goldman Sachs Group, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 11.10% per annum (2.775% per quarter) only for Review Dates when Goldman Sachs’ share price is at or above an Interest Barrier of 50.00% of the Initial Value; missed coupons can be paid later if conditions are subsequently met.

The notes are automatically called, starting July 29, 2027, if on certain Review Dates the stock closes at or above the Initial Value, returning $1,000 per note plus due contingent interest and any unpaid prior coupons. If not called, and on the final Review Date the stock is at or above the Trigger Value of 50.00% of the Initial Value, investors receive full principal plus applicable contingent interest and any unpaid coupons. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), exposing investors to 1-for-1 downside and possible total loss of principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., subject to both entities’ credit risk. The price to public is $1,000 per note, while the issuer’s estimated value is $989.40 per $1,000, reflecting structuring, hedging costs and dealer compensation. The notes are not listed, may have limited liquidity, and all sales are to fee-based advisory accounts, with a $6.50 per $1,000 structuring fee on $4,817,000 of the issuance.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due May 9, 2030, linked individually to the Dow Jones Industrial Average®, the Nasdaq-100® Technology Sector and the Russell 2000® Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors receive a Contingent Interest Payment on each monthly Review Date only if the closing level of each Index is at or above 60% of its Initial Value (the Interest Barrier. If any Index is below its 50% Trigger Value at final valuation and the notes have not been called, principal is reduced 1% for each 1% decline in the Least Performing Index, potentially to zero.

The issuer may redeem the notes early, in whole, on designated Interest Payment Dates beginning February 11, 2027, paying $1,000 per note plus any due contingent interest. The minimum denomination is $1,000, and an example estimated value is about $963.90 per $1,000 note, reflecting embedded fees, hedging costs and the issuer’s internal funding rate. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., illiquid, and may pay no interest.

JPMorgan Chase Financial Company LLC is issuing $538,000 of Auto Callable Contingent Interest Notes linked to Occidental Petroleum common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing on August 2, 2029. The notes pay a 10.50% per annum contingent coupon (2.625% quarterly) only if on a Review Date the stock closes at or above an Interest Barrier of 65.00% of the Initial Value; missed coupons can be paid later if the barrier is met on a subsequent Review Date.

The notes are automatically called on specified dates (earliest January 29, 2027) if the stock is at or above its Initial Value, returning $1,000 principal plus current and any unpaid contingent interest. If not called, and at final valuation the stock is at or above a Trigger Value equal to 65.00% of the Initial Value, investors receive principal plus final and unpaid coupons. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), so principal loss is 1% for each 1% stock decline and can reach a full loss of principal. The notes are unsecured, not insured, and any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $948.00 per $1,000 note, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $324,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on semiannual Review Dates from August 2, 2027 if the Index closes at or above the applicable Call Value, paying $1,000 plus a Call Premium of up to 162.90% of principal on the final Review Date. If not called and the Final Value is at least the Barrier Amount of 6,327.84 (50.00% of the Initial Value 12,655.68), investors receive principal back at maturity on August 3, 2032. If the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 × Index Return, so more than 50% of principal, and potentially all, can be lost. The Index includes a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance. The price to public is $1,000 per note, including $6.50 in selling commissions, while the estimated value at pricing was $941.70 per $1,000, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,087,000 of Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on August 4, 2027 if each index is at or above its Call Value, paying $1,000 plus a fixed call premium of $227.50. If not called and held to August 2, 2029, investors receive 1.50 times any positive return of the least performing index; if any index finishes below its Initial Value but above its 70% Barrier Amount, principal is returned. If any index ends below its Barrier Amount, repayment is reduced 1:1 with the least performer, down to total loss.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and have an estimated value of $959.30 per $1,000 at pricing, below the issue price due to commissions, hedging costs and structuring margins.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index®, maturing on March 2, 2028, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, investors participate one-for-one in Index gains up to a Maximum Upside Return of at least 17.10%. If the Index is flat or down by up to the 20.00% Buffer Amount, the notes pay the absolute value of the Index decline, capped at a maximum negative-Index payment of $1,200.00 per $1,000. If the Index falls by more than 20.00%, principal is reduced 1% for each additional 1% decline, with a minimum payment of $200.00 per $1,000, so investors may lose up to 80.00% of principal.

The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations of JPMorgan Financial and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed, and secondary liquidity is expected to be limited. An example estimated value is $982.40 per $1,000, and the final estimated value will not be less than $950.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions. The underlying Nasdaq-100 Index® recently closed at 27,192.31 on July 29, 2026, and its methodology has been updated to use distinct “Full Market Capitalization” and “Modified Market Capitalization,” plus a Fast Entry process and revised float treatment.

JPMorgan Chase Financial Company LLC is issuing $2,827,000 of Auto Callable Contingent Interest Notes due August 1, 2031, linked individually to the Dow Jones Industrial Average®, the State Street® Energy Select Sector SPDR® ETF and the State Street® Utilities Select Sector SPDR® ETF, and fully guaranteed by JPMorgan Chase & Co.

Investors receive a Contingent Interest Rate of 8.00% per annum, paid monthly only when the closing value of each underlying on an Interest Review Date is at or above its Interest Barrier of 70% of its Initial Value. The notes are automatically called quarterly if each underlying is at or above its Initial Value, first possible on July 29, 2027, paying $1,000 plus the applicable contingent interest and then terminating.

If not called, principal repayment at maturity depends on the Least Performing Underlying. If each final value is at or above its Trigger Value of 65% of Initial Value, investors receive $1,000 plus any final contingent interest; otherwise repayment is reduced dollar-for-dollar with the negative return of the least performing underlying, with potential loss of the entire principal. 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 at pricing was $929.80 per $1,000, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the Class A common stock of Meta Platforms, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured and unsubordinated, with minimum denominations of $10,000 and integral multiples of $1,000.

The notes have a Stock Strike Price of $539.03. On the Review Date, if Meta’s closing price is at or above this level, the notes are automatically called and pay $1,000 plus a call premium of at least 17.65% per note on the Call Settlement Date. If not called, at maturity investors receive leveraged upside of at least 1.50x any positive stock return, or a positive, unleveraged return equal to the Absolute Stock Return if Meta has fallen by up to the 25.00% Buffer Amount, capped at $1,250 per $1,000 note for negative stock returns.

If the Final Stock Price is more than 25.00% below the strike, principal loss is magnified by a 1.33333 Downside Leverage Factor, and some or all principal may be lost. The estimated value, if priced today, would be $980.70 per $1,000 note, and will not be less than $960.00 when finalized, reflecting embedded fees, hedging costs and issuer funding assumptions. 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 issuing structured Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering size is $117,000, in minimum denominations of $1,000 per note. The notes priced on July 29, 2026 and are expected to settle on or about July 31, 2026, with maturity on August 1, 2031.

Holders receive a contingent interest rate of 11.40% per annum (2.85% per quarter) only for Review Dates when the Index is at or above 60% of the Initial Value (the Interest Barrier). The notes are automatically called, starting July 29, 2027, if on an eligible Review Date the Index is at least at the Initial Value, paying $1,000 plus that period’s coupon and then terminating. If not called and at maturity the Index is below the 50% Trigger Value, principal is reduced 1-for-1 with the Index decline, potentially to zero; if the Final Value is at or above the Trigger Value, investors receive full principal plus any final contingent coupon.

The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags on performance and can cause the Index to underperform similar strategies without such a fee. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $50 in selling commissions; net proceeds to the issuer are $950 per note, and the estimated value at pricing was $886.40 per $1,000.

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

JPMorgan Chase Financial Company LLC is issuing $736,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, due August 2, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount.

At maturity, if the index is above its Initial Value, holders receive leveraged upside of 1.205x the index gain. If the index is flat or down but at or above the 60.00% Barrier Amount, holders receive an uncapped positive return equal to the absolute index loss, up to 40.00%. If the Final Value falls below the Barrier Amount, principal is exposed one-for-one to the full negative index return and investors can lose up to 100% of principal.

The notes pay no interest, are unsecured obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The price to public is $1,000 per note, including $8.50 in selling commissions; issuer proceeds are $991.50 per note. The estimated value at pricing was $980.40 per $1,000 note, reflecting embedded costs, internal funding assumptions and hedging-related economics.

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

JPMorgan Chase Financial Company LLC is issuing $2,278,000 of structured Review 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 specified Review Dates starting August 2, 2027 if each index is at or above its Call Value (100% of Strike Value), paying $1,000 plus a Call Premium of 15.45%–77.25% of principal depending on the call date.

If not called, and on the final Review Date (July 28, 2031) each index is at or above its Barrier Amount of 70% of Strike Value, investors receive full principal at maturity on July 31, 2031. If any index finishes below its Barrier Amount, the payoff is $1,000 plus $1,000 times the Least Performing Index Return, exposing investors to losses greater than 30% and up to 100% 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 had an estimated value of $977.50 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 4, 2027, linked to the lesser performance of Bank of America and Citigroup common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 8.10% per annum, payable quarterly, but only for Review Dates when the closing price of one share of each reference stock is at or above 50.00% of its Strike Value, defined as the Interest Barrier and Trigger Value.

The notes are automatically called if, on any non-final Review Date, each stock closes at or above its Strike Value, returning $1,000 per note plus the applicable and any unpaid contingent interest. If not called, and on the final Review Date either stock closes below its Trigger Value, the maturity payment is reduced by the full downside of the lesser performing stock, potentially to zero. The estimated value is expected to be below the $1,000 issue price (illustratively about $980 today and not less than $950 at pricing), and selling commissions are capped at $8.50 per $1,000 note. The notes are unsecured, not insured, will not be listed, and embed significant market, credit, liquidity and tax risks.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the S&P 500® Futures Excess Return Index, in $1,000 denominations. The notes may be automatically called on August 9, 2027 if the Index is at or above the Call Value, paying principal plus a Call Premium Amount of at least $215.00 per $1,000 note.

If not called, at maturity investors receive an uncapped leveraged upside of 2.00x any Index appreciation, return of principal if the Final Value is at or above 70.00% of the Initial Value, or a 1:1 loss with the Index below that barrier, up to total loss of principal. The indicative estimated value is $967.50 per $1,000 note and will not be less than $900.00, reflecting embedded selling, structuring and hedging costs. The notes pay no interest, are unsecured, not FDIC insured, not exchange-listed, and are subject to JPMorgan credit risk and complex futures-based, tax and liquidity risks.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due February 9, 2028, linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index. The notes pay a monthly Contingent Interest Payment only if, on a Review Date, the closing level of each Index is at or above its Interest Barrier, set at 65.00% of its Initial Value. The same 65.00% level is the Trigger Value that determines principal repayment at maturity.

The issuer may redeem the notes early, in whole, on any Interest Payment Date from November 9, 2026 (excluding the first, second and final dates), paying $1,000 plus any due interest. If the notes are not called and, on the final Review Date, any Index finishes below its Trigger Value, investors receive $1,000 plus $1,000 times the return of the Least Performing Index and can lose more than 35% and up to all principal. A hypothetical Contingent Interest Rate of 8.80% per annum (0.73333% monthly) would yield up to $132.00 over 18 payments per $1,000.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to their credit risk. If priced today, the estimated value would be about $966.20 per $1,000, and will not be less than $900.00 per $1,000 when set, reflecting embedded costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is issuing $1,745,000 of Uncapped Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, due August 2, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer 1.50x any positive performance of the least performing index at maturity, with no cap. A 20.00% buffer protects principal against moderate declines; beyond that, investors lose 1% of principal for each additional 1% decline in the least performing index, up to a maximum loss of 80.00% (minimum payment $200 per $1,000 note).

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The price to the public is $1,000 per note, including fees and commissions of about $9.1988 per $1,000, while the issuer’s estimated value is $983.70 per $1,000 at pricing, reflecting embedded costs, internal funding assumptions and hedging economics.

JPMorgan Chase Financial Company LLC is issuing $1,945,000 of Auto Callable Contingent Interest Notes linked to Bristol-Myers Squibb common stock, due August 2, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 12.21% per annum, credited quarterly (3.0525% per quarter), but only for Review Dates when the Bristol-Myers Squibb share price is at or above 70% of the Initial Value, the Interest Barrier. Missed coupons can be paid later if the barrier is subsequently met. The notes are automatically called, returning principal plus applicable interest, if on any non-final Review Date the share price is at or above the Initial Value. If not called, and at maturity the share price is below the Trigger Value, also 70% of the Initial Value, repayment of principal is reduced one-for-one with the stock loss, potentially to zero. The price to public is $1,000 per note, with estimated value $967.80 per $1,000 at pricing, reflecting embedded costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits and pay no dividends on the underlying stock.

JPMorgan Chase Financial Company LLC is issuing $1,485,000 of unsecured, auto-callable Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 1, 2031 and fully guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and may be automatically called on scheduled Review Dates starting August 2, 2027 if the Index closes at or above its Call Value (100% of the Initial Value through the sixteenth Review Date, 60% on the final Review Date).

Upon an automatic call, investors receive $1,000 plus a fixed Call Premium, ranging from 17.900% on the first Review Date to 89.500% on the final Review Date; no further payments occur. If the notes are never called, the maturity payoff equals $1,000 + ($1,000 × Index Return). If the Final Value is below the Barrier Amount of 60.00% of the Initial Value (2,374.632), investors lose 1% of principal for every 1% Index decline, implying a loss of more than 40% and potentially all principal.

The Index starts at an Initial Value of 3,957.72 and is subject to a 6.0% per annum daily deduction, which drags performance and can cause the Index to lag an equivalent no-fee index. The notes pay no interest or dividends, are not bank deposits, 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 $50 in selling commissions; net proceeds to the issuer are $950 per note. The estimated value at pricing was $884.80 per $1,000 note, reflecting structuring and hedging costs and an internal funding rate, and secondary market prices are expected to be lower than the issue price and potentially illiquid.

JPMorgan Chase Financial Company LLC is offering $300,000 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 have a stated maturity on August 1, 2031, price at $1,000 per note and pay a Contingent Interest Rate of 17.65% per annum (1.47083% per month) only for Review Dates when the Index closes at or above 70% of the Initial Value (the Interest Barrier). The notes may be automatically called starting July 29, 2027 if on an applicable Review Date the Index is at or above its Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments.

If the notes are not called and on the final Review Date the Index is at or above 60% of the Initial Value (the Trigger Value), investors receive principal plus any final contingent interest; if below the Trigger Value, repayment is $1,000 + ($1,000 × Index Return), exposing investors to a potential loss of most or all principal. The underlying Index uses a 35% target volatility, can employ leverage up to 500%, and is subject to a 6.0% per annum daily deduction, which creates a persistent drag versus an identical index without such a fee. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, and the estimated value of $926 per $1,000 at pricing is materially below the issue price, reflecting selling commissions, hedging costs and issuer funding assumptions, all of which may weigh on secondary market values.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes linked to the Russell 2000® Index, due March 2, 2028, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if the index is above its initial level, the notes pay $1,000 plus the index gain, capped by a Maximum Upside Return of at least 15%. If the index is flat or down by up to the 20% Buffer Amount, investors receive the $1,000 principal plus the absolute value of the loss, up to a maximum negative-index payment of $1,200 per $1,000 note. If the index falls by more than 20%, principal is reduced 1% for each 1% decline beyond the buffer, with a maximum loss of 80% of principal.

The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not listed on any exchange. If priced on July 30, 2026, the estimated value would be $983.40 per $1,000 note, and will not be less than $950 at pricing, reflecting selling commissions, hedging costs and structuring margins.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due February 10, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index.

Investors may receive a contingent interest rate of at least 9.35% per annum, paid quarterly, only if on a Review Date the closing level of each index is at or above 80.00% of its Initial Value (the Interest Barrier). Missed coupons can be paid later if conditions are met. The notes may be automatically called starting February 8, 2027 if each index is at or above its Initial Value, returning principal plus applicable interest.

If not called, principal is protected only down to a 20.00% Buffer Amount. If the final level of any index is below its Buffer Threshold, repayment is reduced by the decline of the least performing index beyond 20.00%, and investors can lose up to 80.00% of principal. The estimated value is about $983.80 per $1,000 note, and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC is offering structured 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 are expected to price on or about August 28, 2026 and mature on September 3, 2031.

The notes can be automatically called as early as September 1, 2027 if the closing value of each underlying is at or above 100% of its Initial Value, paying $1,000 plus a call premium starting at least at 10.15% of principal and rising to at least 50.75% on the final Review Date. If not called and each Final Value is at or above 60% of its Initial Value, investors receive principal at maturity; otherwise, repayment is reduced dollar-for-dollar with the loss on the lesser performing underlying, with the potential loss of the entire principal.

The minimum denomination is $1,000. If issued today, the estimated value would be about $932.40 per $1,000 note and will not be less than $900.00, reflecting selling commissions, hedging costs and issuer pricing. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both the issuer and guarantor, with limited liquidity and significant market, credit, and structural risks.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due August 5, 2031, linked to the lesser performing of the Dow Jones Industrial Average and the MSCI Emerging Markets Index. Investors receive a Contingent Interest Payment on each Review Date only if both indices close at or above 70.00% of their Initial Values, and principal is protected at maturity only if both Final Values are at or above 60.00% of Initial Value. The notes may be redeemed early at the issuer’s option on specified Interest Payment Dates, starting November 5, 2026. The hypothetical Contingent Interest Rate is at least 13.50% per annum, paid monthly, but interest may be zero for the entire term, and investors may lose up to all principal based on the Lesser Performing Index. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and any payment is subject to their credit risk. The estimated value is approximately $970 per $1,000 note on the trade date and will not be less than $950.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Equity Notes linked to the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000 and a scheduled maturity on August 17, 2028.

The notes provide unleveraged upside to index gains, capped by a Maximum Upside Return of at least 21.65%. If the index is flat or down by up to the 20.00% Buffer Amount, investors receive a positive return equal to the index’s absolute decline. If the index falls by more than 20%, investors lose 1% of principal for each 1% drop beyond the buffer, for up to an 80.00% loss (minimum payoff $200 per $1,000. The notes pay no interest, pass through no dividends, are unsecured and unsubordinated, will not be listed, and their value is sensitive to the credit of JPMorgan Financial and JPMorgan Chase & Co. An estimated value of about $966.80 per $1,000 (not less than $900.00) reflects embedded costs and an internal funding rate. The issuer’s tax counsel expects treatment as an open prepaid financial contract, and JPMorgan currently expects that Section 871(m) withholding will not apply to Non-U.S. Holders.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations with minimum denominations of $10,000 and $1,000 increments.

On the August 12, 2027 Review Date, if the index closes at or above the Index Strike Level, the notes are automatically called and pay $1,000 plus a call premium of at least 14.10% per note on the Call Settlement Date. If not called, at the August 3, 2028 maturity investors receive uncapped leveraged upside of at least 1.25× any positive index return, full principal back if the index is down by up to 15%, and leveraged losses of 1.17647% of principal for each 1% decline beyond that buffer.

The notes pay no interest, provide no dividends or voting rights, and expose holders to both market risk on the index and credit risk of JPMorgan Financial and JPMorgan Chase & Co. Estimated value is indicated at approximately $980.50 per $1,000, and will not be less than $970.00, reflecting embedded selling, structuring and hedging costs and likely making secondary market values lower than the issue price.

JPMorgan Chase Financial Company LLC is offering structured, auto-callable notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity on August 5, 2031 and minimum denominations of $1,000.

On 17 scheduled Review Dates starting August 4, 2027, if the Index closing level is at least 87.00% of its Initial Value (the Call Value), the notes are automatically called and pay back principal plus a fixed Call Premium Amount, stepping up from at least 15.00% on the first Review Date to at least 75.00% on the final Review Date. If the notes are not called and the Final Value is at least 60.00% of the Initial Value (the Barrier Amount), investors receive only principal at maturity.

If the notes are not called and the Final Value is below the Barrier Amount, the payoff equals $1,000 + ($1,000 × Index Return), resulting in loss of more than 40% and up to all principal. The Index is subject to a 6.0% per annum daily deduction and can use leverage up to 500% exposure to E-mini S&P 500 futures, which, along with the deduction, can materially affect performance. The indicative estimated value is approximately $910 per $1,000 note, and will not be less than $900 when finalized; any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC offers callable structured notes due August 19, 2031, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and pay no interest or dividends.

The notes can be automatically called as early as August 18, 2027 if the Index closes at or above a Call Value on a Review Date, returning $1,000 plus a Call Premium Amount that steps up from at least 10% to 50% of principal over 49 Review Dates. If never called, principal is protected only by a 15.00% buffer; if the Index falls more than 15% from its Initial Value, repayment at maturity is reduced 1-for-1, with a potential loss of up to 85.00% of principal.

The Index employs a 35% target volatility with exposure between 0% and 500% to a notional leveraged position in Invesco QQQ, less a 6.0% per annum daily deduction and a notional financing cost (SOFR plus 0.50% per year). These deductions create a persistent drag, so the Index will generally trail a similar index without such charges. Estimated value at pricing would be about $908.30 per $1,000 note and will not be less than $900.00, reflecting embedded costs. Investors face credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, complex index and leverage behavior, and uncertain tax treatment.