JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is offering unsecured Capped Dual Directional Buffered Return Enhanced 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® Technology Sector, the Russell 2000® Index and the S&P 500® Index.

At maturity, investors receive 1.50x any positive return of the least performing index, capped at a Maximum Upside Return of at least 26.25%. If the least performing index is flat or down by up to the 20.00% Buffer Amount, investors earn an unleveraged positive return equal to the absolute decline, up to a maximum of 20.00%. If the least performing index falls by more than 20.00%, principal is reduced 1:1 beyond the buffer, for a maximum loss of 80.00%, meaning the minimum payment can be $200 per $1,000 note.

The notes pay no interest or dividends, are not bank deposits, and will not be listed on any exchange, so liquidity may be limited. Any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced on the indicated date, would be $985.20 per $1,000, and will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC plans to issue unsecured, unsubordinated Callable Contingent Interest Notes due August 19, 2031, linked to the lesser performance of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may pay a monthly Contingent Interest Payment at a rate of at least 7.00% per annum (at least 0.58333% per month) if on each Review Date both indices close at or above 70.00% of their Initial Value (the Interest Barrier). Principal is protected only by a 15.00% buffer: if not redeemed early and either index finishes below its 85.00% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond that buffer, up to a maximum 85.00% loss.

The issuer can redeem the notes early, in whole, on specified Interest Payment Dates beginning August 19, 2027, returning $1,000 plus any due Contingent Interest Payment. The estimated value is expected to be below the $1,000 issue price; an example given is $943.50 per $1,000, and the final estimated value will not be less than $900.00, reflecting selling commissions (up to $37.50 per $1,000) and hedging and structuring costs. The notes will not be listed, are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and may provide no interest and substantial principal loss.

JPMorgan Chase Financial Company LLC is offering $2,291,000 of unsecured, unsubordinated structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates starting July 30, 2027 if the Index closes at or above the applicable Call Value, paying $1,000 plus a Call Premium Amount based on a 15.00% annualized Call Premium Rate.

If the notes are not called, at maturity on August 1, 2031 investors receive $1,000 + ($1,000 × Index Return). If the Final Index Value is below the Initial Value and below the Barrier Amount of 60.00% of the Initial Value, principal is reduced 1% for each 1% decline, potentially to zero. The Index employs dynamic leveraged exposure (0% to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which creates a persistent drag on performance. Notes are issued in $1,000 minimum denominations at $1,000 price to public, including $50 in fees and commissions per note; the issuer receives $950 per note, and the estimated value at pricing was $884.70 per $1,000. The notes pay no interest or dividends, are not bank deposits or FDIC insured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $2,056,000 of unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on August 1, 2031 and may be automatically called as early as August 3, 2027 if the Index closes at or above a specified Call Value on a Review Date. Denominations are $1,000, with a public offering price of $1,000 and an estimated value at pricing of $907.30 per note.

The notes pay no interest and provide no participation in Index upside beyond fixed call premiums that step up over time to 89.75% × $1,000 on the final Review Date. If never called, principal is protected only by a 15% downside buffer; a greater Index decline reduces repayment dollar-for-dollar, with up to an 85% loss of principal at maturity. The Index, which dynamically leverages exposure to the Invesco QQQ Fund up to 500%, is reduced by a 6.0% per annum daily deduction and a daily notional financing cost tied to SOFR + 0.50%, creating a persistent drag on performance. Repayment depends on the credit of both JPMorgan Financial and JPMorgan Chase & Co., and no secondary market is assured.

JPMorgan Chase Financial Company LLC is issuing $1,559,000 of structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, due August 1, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and may be automatically called as early as August 3, 2027 if the Index closes at or above a preset Call Value, paying back principal plus a call premium that steps up over time to as much as 89.25% × $1,000 on the final Review Date.

If never called, principal is protected only by a 15.00% buffer; if the Index falls more than 15% from its initial level, investors lose 1% of principal for each additional 1% decline, up to an 85.00% loss at maturity. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag performance versus a similar index without these charges. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and are expected to settle around August 3, 2026. The estimated value is $906.40 per $1,000 note, below the issue price due to commissions, hedging costs and issuer funding spreads.

JPMorgan Chase Financial Company LLC is issuing $5,132,000 of Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on August 1, 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes offer an uncapped leveraged upside of 2.1875x any positive return of the least performing index at maturity, no interest or dividends, and principal protection only if each index’s final level is at or above 70% of its initial level. If any index finishes below this barrier, investors lose 1% of principal for each 1% decline in the least performing index, potentially up to a 100% loss.

The price to public is $1,000 per note, including up to $11.25 in selling commissions, with estimated value of $980.40 per note. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, and may have limited or illiquid secondary trading and prices below issue.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 9, 2032. The notes can be automatically called quarterly from August 6, 2027 if the Index closes at or above 100% of its Initial Value, paying $1,000 plus a call premium that starts at 26.20% of principal and steps up to 157.20% by the final Review Date.

If not called, principal is repaid at maturity only if the Final Index Value is at least the Barrier Amount of 50% of Initial Value; otherwise repayment equals $1,000 plus $1,000 × Index Return, exposing investors to losses greater than 50% and up to total loss. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, which drag performance and cause it to trail a comparable index without such charges. The indicative estimated value is about $936.50 per $1,000 note and will not be less than $900. The notes pay no interest, provide no QQQ or Index rights, are subject to the credit risk of both issuing and guaranteeing entities, and are expected to be illiquid, with secondary prices typically below the issue price.

JPMorgan Chase Financial Company LLC is offering $12,488,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 10.70% per annum Contingent Interest Rate when, on a Review Date, the Index closes at or above an Interest Barrier set at 75.00% of the Initial Value; missed coupons can be paid later if the barrier is subsequently met.

The notes are automatically called on certain Review Dates if the Index is at or above its Initial Value, with investors receiving $1,000 principal plus the current and any unpaid contingent interest. If not called, principal is protected only down to a Buffer Threshold of 85.00% of the Initial Value; below this level, investors lose 1% of principal for every 1% Index decline beyond the 15.00% buffer, up to an 85.00% loss.

The Index uses a leveraged, volatility-targeting rules-based strategy tied notionally to the Invesco QQQ Fund and is reduced by a 6.0% per annum daily deduction plus a notional financing cost, which materially drags performance and is expected to make the Index trail a similar index without such charges. The notes price at $1,000 with selling commissions of $41.50 per note; net proceeds are $958.50 per note, and the internal estimated value is $909.50, reflecting structuring, hedging and distribution costs. The earliest call date is in July 2027, and investors face credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC is issuing $100,000 of unsecured Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and is designed for investors seeking potential early redemption at a premium if, on any Review Date from as early as July 30, 2027, the Index closes at or above the Call Value. The notes pay no interest or dividends and expose holders to the risk of losing a significant portion or all principal at maturity if not automatically called and the Final Index Value is below the Barrier Amount. The Index employs up to 500% leverage, targets 35% implied volatility, and is reduced by a 6.0% per annum daily deduction plus a notional financing cost tied to SOFR, causing it to lag an equivalent index without these charges. The price to public is $1,000 per note, including $50 in fees and commissions, for issuer proceeds of $950 per note; the estimated value at pricing was $897.70.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is issuing $1,935,000 of Callable Fixed Rate Notes due January 31, 2028. The notes pay fixed interest at 4.40% per annum, calculated on a 30/360 day-count basis, with interest payable in arrears on July 31, 2027 and at maturity, subject to earlier redemption.

The issuer may, at its option, redeem the notes in whole (but not in part) at par plus accrued interest on the last calendar day of January, April, July and October 2027, from January 31, 2027 through October 31, 2027, under a following Business Day Convention. The notes are issued at $1,000 per note, including selling commissions of $1.721 per $1,000, resulting in proceeds to the issuer of $998.279 per $1,000, or approximately $1,931,670.25 in total. The notes are unsecured obligations, not bank deposits, not FDIC insured, and are subject to the risk factors described in the related prospectus materials.

JPMorgan Chase Financial Company LLC is issuing $133,000 of Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the least performing of Microsoft, Micron Technology and Alphabet Class A, due August 2, 2029. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on July 28, 2027 if each stock is at or above 80.00% of its Initial Value, paying $1,470 per $1,000 note (a $470 Call Premium Amount). If not called and all Final Values exceed Initial Values, maturity payment is $1,000 plus 1.50× the least-performing stock’s appreciation.

If the notes are not called and the least-performing stock is flat or down by up to the 30.00% Buffer Amount, investors receive a positive, uncapped “dual directional” payoff equal to the absolute percentage move, capped at $1,300 per $1,000 note for negative returns. If any stock falls by more than 30%, principal is reduced 1% for each 1% drop beyond the buffer, with a minimum repayment of $300 per $1,000 note. The notes pay no interest, provide no dividends or stockholder rights, have an estimated value of $906.40 per $1,000 at pricing, and are subject to the credit risk of both JPMorgan Chase Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing Structured Investments Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes total $37,000 in principal, in minimum denominations of $1,000, and are scheduled to mature on August 1, 2031, unless automatically called.

The notes pay no interest and offer automatic call opportunities starting August 2, 2027 if the Index closes at or above the Call Value (100% of the Initial Value), with step-up call premiums from 20.80% to 104.00% of principal. If not called, principal is protected only if the Final Index Value is at or above the Barrier Amount set at 50% of the Initial Value; below that level, investors are fully exposed to Index losses and can lose all principal. The underlying Index is a leveraged, volatility-targeted strategy on E-mini S&P 500 futures, subject to a 6.0% per annum daily deduction, which structurally drags on performance. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and the estimated value on the pricing date, $882.30 per $1,000 note, is below the $1,000 issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $610,000 of Digital Equity Notes due January 21, 2028, linked to the EURO STOXX 50® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and does not bear interest.

At maturity, if the final index level on January 19, 2028 is at least 87.50% of the initial level of 6,289.51, holders receive a fixed $1,148.70 per $1,000 note, capping the upside at a 14.87% return. If the index has fallen by more than 12.50%, principal is lost on a leveraged basis at the 1.1429 buffer rate, down to a possible full loss of principal.

The notes are issued at 100.00% of principal with no underwriting commission, an estimated value of $994.60 per $1,000, no listing, and no issuer call. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the U.S. tax treatment relies on an “open transaction” prepaid contract characterization that the IRS could challenge.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due July 10, 2028, linked individually to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of at least 9.75% per annum, but only for Review Dates when each index closes at or above 70% of its Initial Value. The notes may be automatically called as early as February 4, 2027 if on a Review Date (other than the first five and final) each index is at or above its Initial Value, in which case investors receive $1,000 plus the applicable Contingent Interest Payment and no further payments.

If not called, and on the final Review Date any index closes below 60% of its Initial Value (the Trigger Value), principal is reduced 1% for every 1% decline of the Least Performing Index, potentially to zero. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $975 per $1,000 principal, and will not be less than $900 per $1,000 when set.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due February 12, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices.

Investors may receive a monthly Contingent Interest Payment if on a Review Date the closing level of each index is at or above 70.00% of its Initial Value. The notes may be automatically called as early as February 8, 2027 if each 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, principal repayment at maturity depends on index performance. If the Final Value of each index is at or above 50.00% of its Initial Value, investors receive $1,000 per note (plus any final contingent interest). If any index finishes below 50.00% of its Initial Value, repayment is reduced 1% for each 1% decline in the least performing index, leading to a significant or total loss of principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have no guaranteed interest, will not be listed, and are expected to be issued in minimum denominations of $1,000 with an estimated value initially below the $1,000 price to public.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Market Linked Securities tied to the lowest performing of Netflix, Starbucks and CSX common stock, maturing on August 2, 2028. Each security has a $1,000 principal amount; total issuance shown is $668,000.

Investors may receive a monthly contingent coupon of 15.85% per annum, but only if the lowest performing stock on each calculation day closes at or above its threshold price (70% of its starting price). Missed coupons can be “remembered” and paid later if the condition is subsequently met. The notes are auto-callable from October 2026 through June 2028 if the lowest performing stock is at or above its starting price, returning principal plus the applicable coupon(s).

If not called, at maturity investors receive $1,000 per security only if the lowest performing stock on the final calculation day is at or above its threshold; otherwise, repayment is $1,000 plus the stock return of that worst stock, exposing investors to losses greater than 30% and potentially a total loss of principal. The price to public is $1,000 per security, including fees of $20.75; the issuer’s estimated value is $949.70, reflecting embedded costs and an internal funding rate.

JPMorgan Chase Financial Company LLC is offering $9,500,000 of Callable Fixed Rate Notes due January 31, 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 payable in arrears on July 31 of each year from 2027 through 2029 and on the Maturity Date, subject to prior redemption.

The issuer may, at its option, redeem the notes in whole (but not in part) on the last calendar day of January, April, July and October from January 31, 2027 through October 31, 2029, at par plus accrued and unpaid interest. The price to the public is $1,000 per note; selling commissions are $3.026 per $1,000, resulting in proceeds to the issuer of $996.974 per $1,000, or $9,471,250 in total. The notes are unsecured debt obligations, are not bank deposits, are not insured by the FDIC or any governmental agency, and involve the risks described in the referenced risk factor sections.

JPMorgan Chase Financial Company LLC is offering $1,834,000 of Medium-Term Notes, Series A, Digital Equity Notes due May 26, 2028, linked to the MSCI EAFE® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and are not listed on any exchange.

At maturity, for each $1,000 note, investors receive $1,166 (a 16.6% total return) if the index’s final level is at least 87.5% of its initial level of 3,111.56. If the index falls by more than 12.5%, principal is lost on a leveraged basis: each 1% decline beyond 12.5% reduces principal by about 1.1429%, down to a total loss if the index goes to zero. Upside is capped at the threshold settlement amount, so gains above a 16.6% index rise are not passed through.

The original issue price is 100% of principal, with no underwriting commission, and the issuer’s estimated value is $994.60 per $1,000 note, reflecting embedded structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., involve uncertain U.S. tax treatment, may have limited secondary liquidity, and expose holders to currency and non-U.S.-equity risks inherent in the MSCI EAFE® Index.

JPMorgan Chase Financial Company LLC is offering $42,000,000 Callable Fixed Rate Notes due July 31, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 5.00% per annum, with interest on July 31 of each year, beginning July 31, 2027, using a 30/360 day count convention.

The issuer may, at its option, redeem the notes in whole (but not in part) on the last calendar day of January, April, July and October from January 31, 2027 through April 30, 2030 at par plus accrued interest. The price to the public is $1,000 per note, including hedging costs; selling commissions are $4.707 per $1,000, resulting in proceeds to the issuer of $995.293 per $1,000, or $41,802,325 in total. The notes are unsecured obligations, are not bank deposits, and are not insured by the FDIC or any other governmental agency.

JPMorgan Chase Financial Company LLC is offering $1,250,000 of Trigger Autocallable Contingent Yield Notes linked to the common stock of Snowflake Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes are issued in $10 denominations and pay a 22.40% per annum contingent coupon (about $0.1867 per $10 monthly) only if Snowflake’s closing share price on an Observation Date is at or above the Coupon Barrier.

The Initial Value is $272.92 (Snowflake’s closing price on July 27, 2026). The Downside Threshold and Coupon Barrier are both $136.46, 50.00% of the Initial Value. The Notes are automatically called if Snowflake closes at or above the Initial Value on any monthly Observation Date, paying principal plus that month’s coupon and then terminating. If not called and the Final Value on July 27, 2028 is at or above the Downside Threshold, investors receive principal plus the final coupon; if below, the payout is $10 × (1 + Underlying Return), exposing investors to a proportional loss of principal, potentially up to 100%. The estimated value is $9.593 per $10 Note, below the issue price, reflecting selling commissions and hedging costs. All payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the Notes will not be listed on any securities exchange.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the Nasdaq-100 Index®, maturing on August 31, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.50x participation in index appreciation at maturity, subject to a Maximum Return of at least 30.40%. If held to maturity and the index rises, investors receive principal plus leveraged upside, capped at this maximum.

A 15.00% buffer protects against moderate declines: if the index is flat or down by up to 15.00%, investors receive back the $1,000 principal per note. If the index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, up to a maximum loss of 85.00%, so the minimum payment is $150 per $1,000 note. The notes pay no interest or dividends and will not be listed; liquidity, if any, depends on J.P. Morgan Securities LLC. An indicative estimated value is $981.20 per $1,000 note, and the final estimated value on pricing will not be less than $950.00, reflecting embedded structuring, distribution and hedging costs.

Any payment is subject to the unsecured credit risk of both JPMorgan Financial as issuer and JPMorgan Chase & Co. as guarantor. The underlying Nasdaq-100 methodology was recently updated, including new market capitalization definitions, low-float caps and a “Fast Entry” process, which can affect index composition and performance. U.S. tax treatment is expected to follow an “open transaction” prepaid financial contract approach, but this is subject to opinion and potential future regulatory changes.

JPMorgan Chase Financial Company LLC is offering $18,000 of Uncapped Accelerated Barrier Notes linked to the Bloomberg Commodity Index, maturing on July 31, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.85x any positive Index return at maturity with no cap.

The Initial Value of the Index is 130.4448, and the Barrier Amount is 70.00% of that level, or 91.31136. If the Final Value is at or above the Barrier Amount, investors receive at least their $1,000 principal per note; if it is below, repayment is reduced 1% for each 1% Index decline, down to $0. The price to the public is $1,000 per note, including $40 in selling commissions, for issuer proceeds of $960 per note, or $17,280 in total. The estimated value is $912.90 per $1,000 note, reflecting internal funding and hedging costs.

The notes pay no interest, are unsecured and unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., and will not be listed on any exchange. The notes may be accelerated upon a commodity hedging disruption event, and secondary market prices are expected to be below the issue price and sensitive to commodity futures volatility and regulatory changes.

JPMorgan Chase Financial Company LLC is issuing three series of Capped Buffered Return Enhanced Notes due August 2, 2028, each linked to a single equity index: the Nasdaq‑100 (NDX Notes), Russell 2000 (RTY Notes) and S&P 500 (SPX Notes). The notes offer 1.50x leveraged upside on positive index performance, subject to a maximum return, and provide a 10% downside buffer; beyond that buffer, investors lose 1% of principal for each additional 1% index decline, up to a 90% loss at maturity.

The offerings total $818,000 (NDX), $433,000 (RTY) and $726,000 (SPX), in minimum denominations of $1,000. Maximum payments per $1,000 note are $1,255.00 (NDX), $1,237.50 (RTY) and $1,177.50 (SPX). Estimated values at pricing were below issue price, at $953.60, $953.50 and $956.50 per $1,000 of NDX, RTY and SPX Notes, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial Company LLC fully and unconditionally guaranteed by JPMorgan Chase & Co., and entail both market risk on the underlyings and credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Buffered Callable Range Accrual Notes linked to the Nasdaq 100 Index due July 31, 2031. The notes have a principal amount of $1,000 per note and are issued at $1,000, with aggregate offering size of $6,636,000.

At maturity, if the Nasdaq 100 Final Value is at or above the Buffer Level of 85.00% of the Initial Value, investors receive full principal back. If the Final Value is below the Buffer Level, payment is reduced 1% for each 1% decline beyond the 15.00% buffer, with a maximum loss of up to 85.00% of principal. Interest is a variable rate up to a Maximum Interest Rate equal to the 8.25% Interest Factor, determined each period as 8.25% multiplied by the ratio of “Variable Days” (Trading Days when the Index level is at or above 85.00% of the Initial Value) to “Actual Days,” and can be as low as 0.00%.

The issuer may redeem the notes monthly, beginning July 30, 2027, at 100% of principal plus accrued interest. The Initial Value of the Index is 27,763.13, and the Minimum Index Level is 23,598.6605$35.00 per $1,000 note; net proceeds are $965.00 per note, and the issuer’s estimated value at pricing was $930.90 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering six series of Capped Buffered Return Enhanced Notes due September 6, 2028, each linked to a single underlying: the EURO STOXX 50® Index, Nasdaq-100 Index®, Russell 2000® Index, S&P 500® Index, iShares® MSCI EAFE ETF or iShares® MSCI Emerging Markets ETF. The notes provide 2.00x leveraged upside on any positive underlying performance, subject to a specific to each series and no interim interest or dividends.

The structure includes a 10.00% downside buffer; beyond that, investors lose 1% of principal for each additional 1% decline in the underlying, up to a 90% loss of principal at maturity. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and expose holders to the credit risk of both entities. Minimum denomination is $1,000, with expected pricing on or about August 31, 2026 and settlement on or about September 3, 2026.

If priced on the reference date in the disclosure, the estimated values would range around $973.10–$976.40 per $1,000 for the different note types, and in all cases the estimated value at pricing will not be less than $900.00 per $1,000. The notes will not be listed, and any secondary liquidity would depend on J.P. Morgan Securities LLC. The document also details U.S. tax treatment assumptions, including potential application of constructive ownership rules for the ETF-linked notes and a current expectation that Section 871(m) withholding will not apply to non-U.S. holders.

JPMorgan Chase Financial Company LLC is issuing $16,000 of Auto Callable Accelerated Barrier Notes linked to the iShares Bitcoin Trust ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and priced on July 28, 2026, with expected settlement on or about July 31, 2026 and maturity on August 2, 2029.

The notes may be automatically called on July 30, 2027 if the ETF’s closing price is at or above the Call Value (100% of the Initial Value). In that case, investors receive $1,000 plus a Call Premium Amount of $177.50 per note and no further payments.

If not called, and the Final Value on July 30, 2029 exceeds the Initial Value of $36.14, investors receive $1,000 plus 1.50× the ETF’s positive return. If the Final Value is at or above the Barrier Amount of 70% of the Initial Value (i.e., $25.298), principal is returned. Below the Barrier, repayment is reduced one-for-one with the ETF’s loss, so 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 Financial and JPMorgan Chase & Co., and provide exposure to the volatility and regulatory uncertainty of bitcoin via the ETF. The estimated value at pricing was $943.80 per $1,000 note, below the public offering price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $3,658,000 of Buffered Callable Range Accrual Notes linked to the S&P 500® Index, due July 31, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay variable monthly interest at up to a 6.85% per annum rate, depending on how often during each Interest Period the Index closes at or above a Minimum Index Level of 6,314.463 (85% of the Initial Value of 7,428.78). The issuer may redeem the notes in whole, but not in part, on the last business day of each month starting July 30, 2027 at par plus accrued interest.

At maturity, if not previously called, investors receive full principal back if the Index Final Value is at or above the Buffer Level of 85% of the Initial Value. If the Final Value is below this Buffer Level, repayment is reduced by 1% of principal for every 1% decline below the Buffer Level, for a maximum loss of 85% of principal, plus any accrued interest. The price to public is $1,000 per note, including $35 in selling commissions, while the estimated value at pricing is $941.10 per $1,000 note, reflecting dealer compensation, hedging costs and structuring margins.

JPMorgan Chase Financial Company LLC is offering $1,101,000 of unsecured Yield Notes linked to the lesser performing of ConocoPhillips common stock and the Energy Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a fixed 8.65% per annum in Interest Payments over the term, totaling $173 per $1,000 note if held to maturity on August 1, 2028.

Principal repayment depends on equity performance. If on the July 27, 2028 Observation Date the Final Value of each Underlying is at least its Trigger Value (60% of its Strike Value: $69.348 for ConocoPhillips and $35.016 for the ETF), investors receive $1,000 plus the final Interest Payment. If either Underlying is below its Trigger Value, maturity payment is $1,000 × (1 + Lesser Performing Underlying Return) plus the final Interest Payment, so losses can exceed 40% and reach 100% of principal.

The notes are not listed, expose holders to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $991 per $1,000 at pricing, below the $1,000 price to public due to selling commissions, hedging costs and structuring margins.

JPMorgan Chase Financial Company LLC is offering $71,000 of 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 $1,000 minimum denomination, price at 100% of principal, and are expected to settle on or about July 31, 2036, maturing on July 31, 2031, subject to prior automatic call.

The notes may be automatically called on August 3, 2027 if the Index is at or above the Call Value (100% of the Initial Value), in which case investors receive $1,500 per $1,000 note (principal plus a $500 Call Premium) and no further payments. If not called, at maturity investors participate one-for-one in Index appreciation; if the Final Value is at or above the Initial Value, payoff is $1,000 plus $1,000 times the Index Return.

The structure includes a 15% downside buffer: if the Final Value is down by up to 15%, principal is repaid; below that, losses are linear and can reach 85% of principal. The underlying Index includes a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund, which drags index performance versus an identical index without these deductions. The notes are unsecured obligations of JPMorgan Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The estimated value at pricing was $900.30 per $1,000 note, below the price to public due to fees, hedging costs and structuring margins.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the S&P 500® Index, due December 3, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 2.00x any positive Index return at maturity, subject to a maximum return that will be at least 11.75% and not more than 15.75%.

Principal is protected only up to a 10.00% buffer; if the Index falls by more than 10%, investors lose 1% of principal for each additional 1% decline, up to a 90.00% loss in a full Index downturn. The notes pay no interest or dividends, are unsecured and unsubordinated, and expose holders to the credit risks of both JPMorgan Financial and JPMorgan Chase & Co.

The minimum denomination is $1,000. If issued on the date illustrated, the estimated value would be about $973.90 per $1,000 note, and at pricing it will not be less than $900.00, reflecting selling commissions, hedging costs and issuer funding assumptions. The S&P 500® Index closing level on July 29, 2026 was 7,316.15, shown only as historical context.

JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a minimum denomination of $1,000, are expected to price on or about July 31, 2026, settle on or about August 7, 2026, and mature on August 3, 2029, with potential automatic early call starting August 4, 2027.

The notes automatically redeem at par plus a call premium if, on any Review Date, the Index is at or above the Call Value (100% of the Initial Value), with minimum call premiums ranging from 27.00% to 81.00% of principal. If not called and the Final Value is at or above the Barrier Amount (75% of Initial Value), investors receive principal back; if below, payoff is $1,000 + ($1,000 × Index Return), exposing investors to losses up to total principal. The Index is an excess-return, volatility-targeting index on E-mini S&P 500 futures, subject to a 6.0% per annum daily deduction and leverage up to 500%, which can significantly drag performance and amplify losses. The issuer estimates the notes’ value at approximately $920 per $1,000 at launch (not less than $900), reflecting embedded costs, and highlights credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, complex tax treatment and multiple conflicts of interest.

JPMorgan Chase Financial Company LLC is issuing $825,000 of Auto Callable Accelerated Barrier Notes linked to the iShares Ethereum Trust ETF (ETHA), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 denomination and mature on August 2, 2029.

The notes may be automatically called on August 3, 2027 if the ETF’s price is at or above the Call Value, paying $1,000 plus a $330 Call Premium. If not called and the final ETF price exceeds the Initial Value of $14.49, investors receive an uncapped leveraged payoff of 1.50× the fund’s positive return.

If the final price is between the Initial Value and the Barrier Amount of 60% of the Initial Value ($8.694), principal is returned. Below the Barrier, investors lose 1% of principal for each 1% ETF decline, potentially losing all principal. The notes pay no interest, are unsecured, involve JPMorgan credit risk, and carry substantial risks tied to ether’s high volatility, limited ETF history, possible early acceleration, illiquidity, and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is issuing $1,250,000 of Trigger Autocallable Contingent Yield Notes linked to the Class A common stock of CrowdStrike Holdings, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a term of approximately 2 years, maturing on August 1, 2028, and are issued at $10 per note with a minimum investment of $1,000.

Investors may receive monthly contingent coupons at a rate of 22.40% per annum (or $0.1867 per $10 note) if, on an Observation Date, CrowdStrike’s share price is at or above the Coupon Barrier of $90.06, which is 50.00% of the Initial Value of $180.11 observed on July 27, 2026. The notes are automatically called if the share price on any monthly Observation Date is at or above the Initial Value, in which case investors receive principal plus the applicable coupon and no further payments.

If the notes are not called and the Final Value is at or above the Downside Threshold of $90.06 at maturity, investors receive principal plus the final coupon. If the Final Value is below the Downside Threshold, repayment is reduced according to the negative share return, potentially resulting in a significant or total loss of principal. Payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and the estimated value at issuance is $9.665 per $10 note, below the issue price.

JPMorgan Chase Financial Company LLC is offering $2,851,000 of Auto Callable Accelerated Barrier Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price on July 28, 2026, are expected to settle on or about July 31, 2026, and mature on August 2, 2029, unless automatically called on August 3, 2027.

Each note has a $1,000 denomination and may be automatically called if the Index on the Review Date is at or above the Call Value, paying $1,000 plus a $110 Call Premium. If not called and the Final Index Value is above the Initial Value, investors receive an uncapped leveraged payoff of 1.25× the Index’s positive return. If the Final Value is at or above the Barrier Amount of 70% of the Initial Value, principal is returned; below the barrier, repayment is reduced one‑for‑one with the Index decline, potentially to zero.

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 are intended for investors able to accept full principal loss and limited liquidity. The estimated value at pricing is $980.80 per $1,000 note, below the issue price due to structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $11,192,000 of Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Basket-Linked Notes due July 21, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and bears 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%). Investors receive 1.80x upside participation in the positive basket return, capped at a maximum settlement amount of $1,388.80 per $1,000, corresponding to a basket level of 121.60% of the initial basket level. A 15% buffer protects principal if the basket decline is within that range, but below the 85% buffer level losses are leveraged by a buffer rate of about 1.1765, and principal can be fully lost.

The estimated value at pricing was $995.30 per $1,000, reflecting structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed, have no redemption right, and involve uncertain U.S. tax treatment described as "open transactions"/prepaid financial contracts.

JPMorgan Chase Financial Company LLC is issuing $400,000 of Uncapped Dual Directional Digital Barrier Notes linked to the lesser performing of the EURO STOXX 50® Index and the iShares® MSCI EAFE ETF, due July 31, 2031, in $1,000 minimum denominations. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to the credit risk of both entities. The notes pay no interest and do not provide any dividends from the Underlyings.

At maturity, if the final value of each Underlying is at least its Initial Value, investors receive principal plus the greater of a 65.50% Contingent Digital Return or the actual return of the lesser performing Underlying. If at least one Underlying is below its Initial Value but both remain at or above 70.00% of Initial Value (the Barrier Amount), investors receive principal plus the absolute decline (up to 30.00%), for a maximum of $1,300 per $1,000 note when the lesser performer is negative. If either Underlying finishes below its Barrier Amount, repayment is reduced one-for-one with the loss of the lesser performing Underlying, and investors can lose up to all principal. The Initial Values are 6,289.51 for the Index and $103.89 for the Fund, and the issuer’s estimated value is $971 per $1,000 note, lower than the issue price due to structuring and hedging costs; the notes will not be listed and may have limited liquidity.

JPMorgan Chase Financial Company LLC is offering $1,615,000 of Buffered Digital 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 have a Contingent Digital Return of 12.75% and a 15.00% downside buffer, maturing on September 2, 2027 after an Observation Date on August 30, 2027.

For each $1,000 note, if the Final Value of every Index is at or above its Initial Value, or down by no more than 15.00%, investors receive $1,127.50 at maturity. If any Index is below its Initial Value by more than 15.00%, repayment is reduced 1% for each 1% decline of the Least Performing Index beyond the buffer, down to a minimum of $150.00 per $1,000 note if that Index falls 100%. The Initial Values on the pricing date were 27,763.13 (Nasdaq-100), 2,953.800 (Russell 2000) and 7,428.78 (S&P 500).

The price to public is $1,000 per note, including selling commissions of $7.25, for issuer proceeds of $992.75 per note. The estimated value was $987.50 per $1,000 note, reflecting selling, structuring and hedging costs and the issuer’s internal funding rate. The notes pay no interest, do not provide dividends, are unsecured, will not be listed, and expose holders to both market risk of the indices and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $4,169,000 of structured capped notes linked to the least performing of the Nasdaq-100 Index, the Dow Jones Industrial Average and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends and return principal at maturity on July 31, 2031, subject to issuer and guarantor credit risk. Upside exposure is leveraged at a 150% participation rate, capped at a maximum additional amount of $545 per $1,000 note (a 54.50% maximum return).

The price to public is $1,000 per note, including fees, with issuer proceeds of $964.7979 per note and an estimated value of $935.30, reflecting embedded costs and hedging. The notes are treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of original issue discount based on a 4.55% comparable yield.

JPMorgan Chase Financial Company LLC is offering Trigger Step Securities linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Security has a $10.00 principal amount, with a minimum investment of $1,000 and a term of approximately 4 years, from an expected trade date of July 31, 2026 to an expected maturity on August 5, 2030. The Step Return will be finalized on the trade date and is expected to range from 47.15% to 52.15%, not less than 47.15%.

At maturity, if the index Final Value is at or above the Step Barrier (100% of the Initial Value), investors receive $10 plus the greater of the Step Return or the actual index return. If the Final Value is below the Step Barrier but at or above the Downside Threshold (75% of the Initial Value), principal of $10 per Security is repaid. If the Final Value is below the Downside Threshold, repayment is $10 plus the full Underlying Return, exposing investors to one-for-one downside and potential total loss of principal. The Securities pay no interest or dividends, their value depends on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the indicative estimated value is about $9.743 per $10, not less than $9.40 at pricing.

JPMorgan Chase Financial Company LLC is offering $1,250,000 of Trigger Autocallable Contingent Yield Notes linked to the American depositary shares of Arm Holdings plc, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount and an approximate 2‑year term, maturing on August 1, 2028, unless called earlier.

The Notes pay a 34.00% per annum Contingent Coupon (about 2.833% per month, or $0.2833 per $10) only if, on a monthly Observation Date, the Arm ADS closing price is at or above the Coupon Barrier of $133.17, which equals the Downside Threshold (50% of the Initial Value $266.33 observed on July 27, 2026). The Notes are automatically called if on any Observation Date the closing price is at or above the Initial Value, in which case investors receive principal plus that period’s Contingent Coupon and the Notes terminate.

If the Notes are not called and the Final Value is at or above the Downside Threshold, investors receive full principal plus the final Contingent Coupon at maturity. If the Final Value is below the Downside Threshold, the maturity payment is $10 × (1 + Underlying Return), resulting in a loss of principal proportionate to the decline in Arm’s ADS from the Initial Value, with the possibility of losing the entire investment. The Notes are unsecured, not listed on an exchange, and all payments depend on the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $9.338 per $10 Note, below the $10 price to public.

JPMorgan Chase Financial Company LLC is offering $3,528,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due July 31, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 8.75% per annum (0.72917% per month) for each Review Date on which the Index closes at or above the Interest Barrier, set at 80% of the Initial Value of 12,971.29 (10,377.032. If triggered, missed coupons are paid later when the barrier is met. Starting July 28, 2027, the notes are automatically called if on a Review Date the Index is at or above the Initial Value, returning $1,000 per note plus due and unpaid contingent interest.

If not called, and the Final Value is at or above the Buffer Threshold of 70% of the Initial Value (9,079.903), principal is repaid in full (plus any due coupons). If the Final Value is below this threshold, repayment is reduced by Index losses beyond the 30% Buffer Amount, with up to 70% principal loss possible. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on QQQ exposure, which drag on performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $910.50 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $100,000 of Step-Up Auto Callable Notes linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 denominations, priced on July 28, 2026, and expected to settle on or about July 31, 2026, with maturity on August 2, 2033.

The notes may be automatically called on annual Review Dates from 2027 to 2032 if the Index is at or above a rising Call Value (from 101% to 106% of the Initial Value), paying back $1,000 plus a step-up Call Premium of 11%–66%. If not called, at maturity investors receive $1,000 plus an Additional Amount equal to the Index Return times a 100% Participation Rate, floored at zero, so principal is repaid in full if held to maturity, subject to issuer and guarantor credit risk.

The price to the public is $1,000 per note, including $43.75 in fees and commissions and $956.25 in proceeds to the issuer; the estimated value at pricing is $900.80 per $1,000 note. The unsecured notes pay no interest or dividends and expose investors to the performance of a volatility-targeting excess return index and to the credit of JPMorgan Financial and JPMorgan Chase & Co.

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

At maturity on September 3, 2027, investors receive a fixed return of at least 13.90% (payment of $1,139 per $1,000) if the final level of each index is at or above its initial level or down by no more than the 15.00% Buffer Amount. If any index falls by more than 15%, principal is reduced 1% for each additional 1% decline in the least performing index, up to a maximum loss of 85.00% (payment as low as $150 per $1,000).

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and any payment depends on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000. An indicative estimated value is approximately $988.80 per $1,000, and the final estimated value will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs and issuing margins.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500 Index. The notes provide a fixed Contingent Digital Return of at least 8.32% per $1,000 of principal if, at maturity, the S&P 500 ending level is at or above the strike level or has fallen by up to the 25.00% Contingent Buffer Amount. In that case, investors receive $1,000 plus the Contingent Digital Return, for a maximum payment illustrated as $1,083.20 per $1,000 note.

If the Index falls by more than 25.00% from the strike to the valuation date, investors lose 1% of principal for each 1% Index decline, with the payment calculated as $1,000 + ($1,000 × Index Return), and principal can be fully lost. Illustrative dates include a pricing date on or about July 30, 2026, valuation on August 30, 2027, and maturity on September 2, 2027. An indicative estimated value is $987.20 per $1,000 note, and will not be less than $970.00 when finalized, reflecting embedded selling costs and hedging. The notes are unsecured obligations, not FDIC insured, subject to complex U.S. tax treatment, potential application of Section 871(m) for non‑U.S. holders, limited liquidity, and conflicts of interest in valuation and secondary market pricing.

JPMorgan Chase Financial Company LLC is offering $351,000 in 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 July 31, 2031.

The notes may be automatically called on August 3, 2027 if the Index is at or above the Call Value, paying $1,000 plus a $400 call premium per note. If not called and held to maturity, investors receive 2.00 times any positive Index return, principal back if losses are within a 15% buffer, or lose 1% of principal for each 1% Index decline beyond that buffer, up to an 85% loss.

The Index includes a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag on performance so the Index will trail a similar index without these charges. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, and may have limited or no secondary market. The price to public is $1,000 per note, including $41.50 in fees and commissions; the initial estimated value is $903.80 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $319,000 of 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 are unsecured, unsubordinated obligations with a minimum denomination of $1,000 and mature on July 31, 2031, after pricing on July 28, 2026.

The notes may be automatically called on August 3, 2027 if the Index closing level is at or above the Call Value (100% of the Initial Value), paying $1,300 per $1,000 note (principal plus a $300 Call Premium). If not called and the Final Value is above the Initial Value, investors receive 3.00× the Index Return, so long as the notes are held to maturity. If the Final Value is at or above 85% of the Initial Value, principal is returned; below that buffer, principal is reduced 1% for each 1% additional Index decline, down to as low as $150 per $1,000.

The Initial Value of the Index was 12,971.29. The Index includes a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund exposure, which creates a persistent drag so the Index will trail a similar index without these charges. Price to public is $1,000 per note; selling commissions are $41.50 per $1,000, and the issuer’s estimated value is $907.90 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due August 8, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of at least 11.00% per annum (0.91667% per month) only if on each Review Date the Dow Jones Industrial Average, Russell 1000 Index and EURO STOXX 50 Index are all at or above 70% of their Initial Values.

The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting February 8, 2027, paying $1,000 plus any applicable contingent interest. If held to maturity and any Index finishes below 80% of its Initial Value (the Trigger Value), principal is reduced 1:1 with the decline in the worst-performing index, and investors can lose most or all of their investment. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are expected to be sold at $1,000 per note with an estimated initial value of about $975.40 (not less than $940.00) per $1,000.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering $2,906,000 of market-linked notes at $1,000 per security linked to the lowest performing of the Dow Jones Industrial Average, S&P 500 Index and Nasdaq-100 Index, maturing August 2, 2029. The notes may be auto-called on August 2, 2027 if the lowest performing index is at or above its starting level, paying $1,177 per security (a 17.70% call premium). If not called, at maturity investors receive leveraged upside with a 150% upside participation rate when the lowest index ends above its starting level, full principal back if the lowest index remains at or above 75% of its starting level, and one-for-one downside below that threshold, risking loss of more than 25% and up to all principal. The issuer’s estimated value is $957.80 per security, below the issue price, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are unsecured obligations, not bank deposits and not insured by the FDIC.

JPMorgan Chase Financial Company LLC is offering Structured Investments Review Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends and may be automatically called on scheduled Review Dates starting August 18, 2027 if each index closes at or above 90% of its Initial Value (the Call Value. On a call, investors receive $1,000 plus a Call Premium Amount that starts at at least 10.25% of principal and steps up by Review Date to at least 51.25% on the final Review Date.

If not called, at maturity on August 19, 2031 investors receive full principal only if the Final Value of each index is at or above 75% of its Initial Value (the Barrier Amount. Otherwise, the payoff is $1,000 plus $1,000 times the return of the Least Performing Index, exposing holders to losses greater than 25% and potentially a complete loss of principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is approximately $979 per $1,000 note, and will not be less than $900 when set; a structuring fee of up to $6.50 per $1,000 may be paid to dealers.