JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is offering $350,000 of Auto Callable Notes linked to the J.P. Morgan Multi-Asset Index, due July 31, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 denominations, priced at 100% of principal, with selling commissions of $38.75 per $1,000 and issuer proceeds of $961.25 per $1,000. The estimated value at pricing was $914.00 per $1,000 note.

The notes pay no interest. On scheduled Review Dates starting July 30, 2027, if the Index is at or above the applicable Call Value (101%–104% of the Initial Value), the notes are automatically called for par plus a fixed premium (8%, 16%, 24% or 32%). If not called, at maturity investors receive full principal repayment plus an uncapped Additional Amount equal to 100% of any Index appreciation, based on an Initial Index Value of 313.34, but no downside participation: if the Index is flat or lower, only par is repaid. All payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The Index itself is a rules-based, multi-asset excess return index with a 1.00% per annum daily deduction.

JPMorgan Chase Financial Company LLC is offering $367,000 of unsecured Review Notes linked to the lesser performing of the iShares Semiconductor ETF (SOXX) and the Nasdaq-100 Index (NDX), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note in $1,000 minimums.

The notes pay no interest or dividends and may be automatically called quarterly starting January 28, 2027 if each underlying is at or above its Call Value (100% of its Initial Value). On a call, investors receive $1,000 plus an increasing Call Premium (from 11.6% on the first Review Date up to 46.4% on the final Review Date).

If not called, principal is protected only by a 20% buffer. At maturity on August 2, 2028, if the lesser performing underlying has fallen more than 20% from its Initial Value ($491.46 for SOXX and 27,763.13 for NDX), repayment is reduced 1% for each 1% decline beyond 20%, down to a minimum of $200 per $1,000. An estimated value of $960.90 per note reflects structuring and selling costs, and any payment is subject to the credit risk of both the issuer and guarantor. The notes will not be listed, and liquidity will depend on JPMS making a market.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $75,000 of Capped Accelerated Barrier Notes linked to the iShares Bitcoin Trust ETF. Each note has a $1,000 denomination, offers 1.50x leveraged upside, and is capped at a 144.00% maximum return, corresponding to a maximum payment of $2,440 per note at maturity on August 2, 2029.

The notes provide full principal repayment only if the ETF’s final value is at or above the 70.00% Barrier Amount of the Initial Value, which was $36.14 on July 28, 2026, implying a barrier level of $25.298. If the final value is below the barrier, investors lose 1% of principal for each 1% ETF decline from the Initial Value, up to a total loss of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity depends on dealer markets.

The price to the public is $1,000 per note, including $32.50 in selling commissions and resulting in issuer proceeds of $967.50 per note. The estimated value at pricing was $966.60, reflecting internal funding and hedging costs. The structure embeds significant risks tied to bitcoin price volatility, potential acceleration if the ETF is discontinued, limited anti-dilution protection, and complex U.S. federal tax treatment as a prepaid financial contract potentially subject to “constructive ownership” rules.

JPMorgan Chase Financial Company LLC is offering $823,000 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 9.25% per annum Contingent Interest, or $7.7083 per $1,000 monthly, only if on a Review Date the Index closes at or above 85.00% of the Initial Value; missed coupons can be paid later if this barrier is met.

The notes are automatically called if, from the sixth through the penultimate Review Dates, the Index is at or above 95.00% of the Initial Value, returning principal plus due and unpaid contingent interest. If held to maturity and not called, principal is protected only down to a 15.00% buffer; if the Final Value is below the Buffer Threshold, repayment is reduced dollar‑for‑dollar and investors may lose up to 85.00% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes price at $1,000 per unit, while the issuer’s estimated value is $925.30, and they are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $565,000 of Auto Callable Yield Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 6.50% per annum, credited monthly at 0.54167%, until automatic call or maturity on July 31, 2031.

The notes may be automatically called on scheduled review dates starting July 28, 2027 if the Index is at or above 99.00% of its Initial Value, returning $1,000 per note plus the applicable interest payment. If not called, principal is protected only by a 15.00% buffer; if the Final Value is more than 15% below the Initial Value, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 85.00% loss.

The Initial Value of the Index on the pricing date was 12,971.29. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, which drag performance and cause it to trail a comparable index without such charges. The price to public is $1,000 per note, including $39 of fees and commissions, for net proceeds of $542,965 to the issuer; the estimated value was $913.70 per $1,000 note at pricing. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Uncapped Dual Directional Accelerated Barrier Notes linked to the Nasdaq-100 Futures Excess Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target at least 1.78x any positive Index performance at maturity and provide a capped upside on moderate Index declines through an Absolute Index Return feature when the Final Value is at or above the Barrier Amount of 60.00% of the Initial Value.

If the Index rises, investors receive $1,000 plus the leveraged gain; if it is flat or falls but stays at or above the Barrier Amount, they receive $1,000 plus the absolute Index loss, capped at a 40.00% gain (maximum $1,400 per $1,000 note when the Index Return is negative). If the Final Value falls below the Barrier Amount, principal is exposed one-for-one to the Index decline and investors can lose up to their entire investment. The notes pay no interest, are issued in $1,000 minimum denominations, and embed fees so that an indicative estimated value is about $946.80 per $1,000, with a minimum not less than $900.00.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, guaranteed by JPMorgan Chase & Co., in $1,000 minimum denominations. The notes may be automatically called as early as August 17, 2027 if the Index is at or above 100% of its Initial Value, paying back principal plus a call premium that starts at $217 per $1,000 note and increases on later Review Dates.

If not called and the Final Index Value is above the Initial Value, investors receive an uncapped leveraged payoff of 5.00× the Index gain; if the Final Value is at or above the 50.00% Barrier but not higher than the Initial Value, principal is returned. Below the Barrier, principal is reduced one-for-one with the Index loss, risking a loss of more than half, up to all, of invested principal. The Index embeds a 6.0% per annum daily deduction, which drags performance. The indicative estimated value is $886.20 per $1,000 note and will not be less than $870.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 5yNC1y Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index. The Index provides rules-based exposure to E‑Mini S&P 500 futures with a maximum futures exposure of 500% and includes a 6.0% per annum deduction that accrues daily. The notes have a minimum denomination of $1,000, an Upside Leverage Factor of 5.00 and a Barrier Amount set at 50.00% of the Initial Value.

The notes may be automatically called on scheduled review dates if the Index level is at least 100% of the Initial Value, paying back $1,000 plus a Call Premium of at least 21.700% per annum on the first Review Date, increasing on later dates. If not called, and the Final Value is above the Initial Value, payment at maturity equals $1,000 plus leveraged upside based on the Index Return. If the Final Value is below the Barrier Amount, investors are exposed to 1:1 downside and can lose more than 50% or all principal. The estimated value when set will not be less than $870 per $1,000 note, and all payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the common stock of Broadcom Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of at least 14.00% per annum (at least 3.50% per quarter) only for Review Dates when Broadcom’s closing price is at or above 50.00% of the Initial Value, which also serves as the Interest Barrier and Trigger Value, with any unpaid interest potentially paid later if the barrier is met.

The notes may be automatically called on any Review Date from February 1, 2027 (except the first and final Review Dates) if Broadcom’s price 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 Trigger Value on August 3, 2028, holders receive $1,000 plus applicable contingent interest; if below, repayment is reduced one-for-one with Broadcom’s decline, so investors can lose more than 50% and up to all principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value would be approximately $960.00 per $1,000 principal amount, and will not be less than $940.00 when set.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked notes that are auto-callable with a 16.00% per annum contingent coupon, paid quarterly if the lowest performing of Boeing, NVIDIA or Amazon closes at or above its stock-specific threshold price.

The notes mature on August 1, 2029, with a principal amount of $1,000 per security. If from January 2027 to April 2029 the lowest performing stock closes at or above its starting price on a calculation day, the notes are automatically called for $1,000 plus the applicable coupon and any unpaid coupons. At maturity, if not called, investors receive $1,000 per security only if the lowest performing stock’s ending price is at or above 60% of its starting price; otherwise the payoff is $1,000 plus $1,000 times that stock’s negative return, exposing investors to losses of more than 40% and potentially all principal.

The price to the public is $1,000 per security, including $23.25 of fees and commissions, for total proceeds to the issuer of $522,561.25 on a $535,000 issuance. The estimated value at pricing was $947.30 per security, reflecting internal funding and hedging costs. The securities are unsecured, not bank deposits, not FDIC-insured, and involve significant risks compared with conventional debt.

JPMorgan Chase Financial Company LLC is issuing Capped Buffer GEARS, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to an unequally weighted basket of five equity indices (EURO STOXX 50®, Nikkei 225, FTSE® 100, Swiss Market Index and S&P/ASX 200). The Upside Gearing is 2.00, but total return is capped at a Maximum Gain of 26.05%. If the Basket Return is positive, investors receive principal plus 2x the Basket Return, subject to this cap.

If the Basket Return is zero or negative but the Final Basket Value remains at or above the Downside Threshold of 85.00% of the Initial Basket Value, principal is repaid at maturity. If the Basket Return is negative and the Final Basket Value falls below the Downside Threshold, investors lose 1% of principal for each 1% Basket decline beyond the 15.00% Buffer, and may lose up to 85% of principal. The notes pay no interest or dividends and expose holders to both market risk of the Basket and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500® Index. Each note has a $1,000 principal amount and matures on September 2, 2027, with the Index level observed on August 30, 2027.

At maturity, if the S&P 500® Ending Index Level is at or above the Index Strike Level, or down by no more than the 15.00% Contingent Buffer Amount, holders receive a fixed Contingent Digital Return of at least 10.32%, for an illustrated maximum payment of $1,103.20 per $1,000. If the Index falls by more than 15.00% from the Strike Level, principal is lost 1:1 with the Index Return, up to a total loss of principal.

The estimated value is shown as approximately $987.30 per $1,000 note on the trade date and will not be less than $970.00, reflecting selling commissions, hedging costs and issuer profit. The notes are unsecured obligations, not bank deposits or FDIC insured, and may be difficult to sell prior to maturity. The issuer describes complex U.S. tax considerations, including treatment as prepaid financial contracts and potential implications of Section 871(m) for Non‑U.S. holders.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due August 18, 2031, linked to the MerQube US Large-Cap Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. Investors may receive a Contingent Interest Payment on each Review Date when the Index closes at or above 60.00% of the Initial Value (the Interest Barrier). The notes can be automatically called on certain Review Dates starting August 13, 2027 if the Index is at or above the Initial Value, returning $1,000 principal plus the applicable interest for that date.

If the notes are not called and the Final Value is below the Trigger Value of 50.00% of the Initial Value, repayment at maturity is $1,000 + ($1,000 × Index Return), so investors can lose a substantial portion or all of principal. The Index includes a 6.0% per annum daily deduction, which drags performance and can cause the Index to underperform an equivalent index without the deduction. Indicatively, if priced on the example date, the estimated value would be about $888.60 per $1,000 note and will not be less than $870.00 when set, reflecting selling commissions, hedging costs and internal funding assumptions. The notes are unsecured, not insured, offered in $1,000 minimum denominations, and carry JPMorgan credit and liquidity risk.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 18, 2031, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the Index closing level is at least 60.00% of the Initial Value (the Interest Barrier). They are automatically called, beginning August 13, 2027, if on an applicable Review Date the Index is at or above the Initial Value, in which case investors receive $1,000 per note plus the relevant Contingent Interest Payment and no further payments.

If not called, principal is protected only down to a Trigger Value equal to 50.00% of the Initial Value; if the Final Value is below the Trigger, maturity payment is $1,000 plus $1,000 × Index Return, so investors can lose a significant portion or all of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag performance and cause the Index to lag an equivalent undeducted index. The minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $898.80 per $1,000 note and will not be less than $880.00, reflecting selling costs and hedging. Payments are unsecured and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of Uncapped Accelerated Barrier Notes linked to the iShares® MSCI EAFE ETF, due July 30, 2032, in $1,000 minimum denominations. The notes provide an upside leverage factor of 1.40x on any positive ETF return at maturity, with no upside cap, and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

The structure includes a barrier at 80% of the Strike Value. If, at maturity, the ETF is at or above this barrier, principal is returned; if it falls below, investors lose 1% of principal for each 1% decline from the Strike Value, potentially losing their entire investment. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not listed on any exchange. The price to public is $1,000 per note, while the initial estimated value is $985.10 per $1,000 note.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes tied to the lowest performing of the S&P 500 Index and Nasdaq-100 Index, with a total public offering of $3,712,000.00 at $1,000 per security. The notes can be automatically called on annual call dates starting July 30, 2027, paying principal plus a fixed call premium that increases by about 10.40% per year, up to 52.00% on the final call date, but upside is capped at these premiums. If not called, maturity in 2031 returns $1,000 per security only if the lowest performing index is at or above its 70% threshold level; otherwise investors are fully exposed to downside and can lose more than 30%, up to all principal. The estimated value at pricing was $943.30 per security, below the issue price due to selling commissions, hedging costs and other fees, and the notes are unsecured, not bank deposits and not FDIC-insured.

JPMorgan Chase Financial Company LLC is issuing structured Review 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 have a maturity date of August 2, 2029 and may be automatically called quarterly starting July 29, 2027 if each index closes at or above its Call Value, paying $1,000 plus an increasing Call Premium Amount up to 39.00000% of principal on the final Review Date.

Each index has a Barrier Amount of 70.00% of its Initial Value. If not called and any Final Value is below its Barrier Amount, repayment is $1,000 plus $1,000 times the Least Performing Index Return, exposing investors to losses greater than 30% and potentially total loss of principal. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial subject to the credit risk of both the issuer and JPMorgan Chase & Co. The total offering is $249,000, with selling commissions of $29 per $1,000 note and an estimated value of $954.50 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering Uncapped Digital Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about July 29, 2026 and mature on August 3, 2032, in minimum denominations of $1,000.

At maturity, if the final level of each index is at or above its initial level, holders receive $1,000 plus the greater of a Contingent Digital Return of at least 45.25% or the actual return of the lesser performing index. If either index is below its initial level but both remain at or above 50% of initial value (the Barrier Amount), principal is returned. If either index finishes below its Barrier Amount, repayment is reduced 1% for each 1% decline in the lesser performing index, potentially resulting in a complete loss of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and will not be listed on any exchange. If priced on the date of the term sheet, the estimated value would be approximately $950 per $1,000 note; the final estimated value will not be less than $930 per $1,000.

JPMorgan Chase Financial Company LLC is offering auto-callable 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 August 17, 2027 if the Index closes at or above the applicable Call Value, paying back the $1,000 principal plus a Call Premium Amount that rises over time, up to at least 89.75% × $1,000 on the final Review Date.

If the notes are never called and the Final Value is below the 60.00% Barrier Amount, repayment at maturity on August 18, 2031 is $1,000 plus $1,000 × Index Return, so investors lose 1% of principal for each 1% Index decline from its Initial Value and can lose their entire investment. The underlying Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which creates a persistent drag on performance. 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 bank deposits and are not FDIC insured. The indicative estimated value is approximately $884.10 per $1,000 note and will not be less than $870.00 when set, reflecting selling costs, hedging and the issuer’s internal funding rate.

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 may be automatically called as early as August 16, 2027 if the Index closes at or above preset Call Values, paying back principal plus a call premium.

Investors forgo interest and dividends and face downside risk: if the notes are never called and the Index’s final level is below the Initial Value, repayment at maturity equals $1,000 + ($1,000 × Index Return), so a 50% Index decline would return $500. The Index is subject to a 6.0% per annum daily deduction, which creates a performance drag and can cause the Index to lag an identical index without this fee. The Call Premium Rate will be at least 15.25%, producing illustrative call payments of $1,153.1052 on the first Review Date and $1,760.0794 on the final Review Date per $1,000 note. If priced on the reference date, the estimated value would be about $886.10 per $1,000, and will not be less than $870.00 per $1,000 when set, reflecting embedded costs and issuer funding assumptions. The notes are unsecured, not FDIC insured, and their value and payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering auto-callable structured notes due August 18, 2031, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as August 16, 2027 if the Index closes at or above the Call Value, paying $1,000 plus a call premium.

If not called, at maturity investors receive principal back only if the Final Index Value is at or above a Barrier Amount equal to 60% of the Initial Value; otherwise, losses match the negative Index return, up to a total loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drag performance and can cause the Index to lag a comparable undeducted index. The Index targets 35% implied volatility with exposure between 0% and 500%. Minimum denomination is $1,000. The estimated value would be about $898.40 per $1,000 note if priced on the reference date and will not be less than $880. The notes pay no interest or dividends, are unsecured obligations and may be illiquid.

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. Each note has a $1,000 minimum denomination and a term to August 18, 2031, with the earliest potential automatic call on August 17, 2027.

The notes pay no interest or dividends. On any Review Date, if the Index closes at or above the Call Value (100% of the Initial Value), the notes are automatically called for $1,000 plus a Call Premium that steps up from at least 20.95% on the first Review Date to at least 104.75% on the final Review Date. If not called, investors receive principal at maturity only if the Final Value is at or above the Barrier Amount (50% of Initial Value); otherwise, repayment is $1,000 plus $1,000 times the Index Return, exposing investors to losses greater than 50% and up to 100% of principal.

The Index dynamically allocates between 0% and 500% exposure to E-mini S&P 500 futures based on a 35% target volatility and is subject to a substantial 6.0% per annum daily deduction, which drags performance and can cause the Index to underperform similar indices without such a fee. The indicative estimated value is about $882.60 per $1,000 note, and will not be less than $870.00, reflecting embedded costs and issuer funding assumptions. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called on quarterly Review Dates starting February 16, 2027 if the Index is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium that starts at at least 9.850% and rises to at least 59.100% by the final Review Date.

If not called, principal is protected at maturity only if the Final Index Value is at or above a 60.00% Barrier; below this, repayment is $1,000 plus $1,000 times the Index return, so investors can lose more than 40% and up to all principal. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on its QQQ Fund exposure, creating a persistent drag versus a similar index without these deductions and magnifying losses when leverage (up to 500% exposure) is applied. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and are expected to have an estimated value of about $908.20 per $1,000 principal, below the issue price due to embedded fees and hedging costs.

JPMorgan Financial is offering callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and may pay contingent interest.

For each monthly Review Date, a Contingent Interest Payment is made only if the closing level of each Index is at least 70% of its Initial Value (the Interest Barrier). If the notes are not called and on the final Review Date any Index is below its 80% Trigger Value, principal is reduced 1% for each 1% decline of the Least Performing Index, potentially to zero. The notes are callable at the issuer’s option from February 8, 2027, and the stated maturity is August 8, 2029. The indicative Contingent Interest Rate is at least 12.05% per annum, and the initial estimated value is approximately $978.90 per $1,000 note, not less than $940.00, reflecting structuring and hedging costs. Payments are unsecured and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC offers auto-callable Structured Investments Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing on August 24, 2029, in $1,000 minimum denominations.

The notes may be automatically called on scheduled Review Dates starting August 24, 2027 if the Index closes at or above 85% of its Initial Value, paying back principal plus a call premium of at least 18.00%–54.00% of principal depending on the call date. If not called and the Final Value is at least 60% of the Initial Value, investors receive principal at maturity; otherwise repayment is $1,000 + ($1,000 × Index Return), exposing holders to losses greater than 40% and up to full principal loss.

The underlying Index employs a target volatility strategy on E-mini S&P 500 futures, with exposure between 0% and 500% and a 6.0% per annum daily deduction, which is a persistent drag on performance. 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 FDIC insured. The indicative estimated value is about $950 per $1,000 at pricing and will not be less than $930 per $1,000.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due August 5, 2031, linked to the MerQube US Tech+ Vol Advantage Index, and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date on which the Index closes at or above 60.00% of the Initial Value (the Interest Barrier), with a Contingent Interest Rate of at least 13.65% per annum, paid monthly.

The notes are automatically called, starting August 2, 2027, if on any applicable Review Date the Index is at or above its Initial Value, returning $1,000 per note plus the relevant interest, with no further payments. If not called, and at maturity the Index is at or above the Trigger Value of 50.00% of the Initial Value, investors receive $1,000 plus any final contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 plus $1,000 × Index Return, so principal losses can exceed 50% and reach 100%.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost over the QQQ Fund, which drag performance and can cause the Index to lag an otherwise identical index without such charges. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and are not listed; liquidity and secondary market prices may be limited. The estimated value, if priced on the described date, would be about $938.10 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Return Enhanced Notes linked to the ordinary shares of ASML Holding NV. The notes are unsecured, unsubordinated obligations with minimum denominations of $10,000 and integral multiples of $1,000. The Stock Strike Price is $1,582.95, the closing ASML share price on July 28, 2026.

On the August 10, 2027 Review Date, if ASML’s closing price is at or above the Stock Strike Price, the notes are automatically called and pay $1,000 plus a call premium of at least 31.58% per note on August 13, 2027. If not called, at the August 2, 2028 maturity investors receive an uncapped, leveraged upside equal to the stock return multiplied by an Upside Leverage Factor of at least 1.75. A 30.00% Buffer Amount protects principal for moderate declines; below this level, losses are leveraged via a Downside Leverage Factor of 1.42857, so principal may be partially or fully lost.

The indicative estimated value would be about $979.80 per $1,000 note if priced on the described date and will not be less than $960.00 when set, reflecting selling costs and hedging. The notes pay no interest or dividends, are not bank deposits or FDIC insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as equity, liquidity, tax and structural risks detailed in the risk discussion.

JPMorgan Chase Financial Company LLC is offering auto callable buffered return enhanced notes linked to the common stock of Intuitive Surgical, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, with a total offering of $500,000. Investors forgo interest and dividends and take JPMorgan credit risk.

The notes may be automatically called on August 6, 2027 if Intuitive Surgical’s share price is at or above the $337.50 Stock Strike Price, paying $1,000 plus an 18.89% call premium per note on August 11, 2027. If not called, at maturity on July 27, 2028 investors receive leveraged upside of 1.25x any positive stock return, principal back if the stock is down by up to the 30.00% buffer, and leveraged losses of 1.42857% of principal for every 1% decline beyond that buffer.

The notes are unsecured, not FDIC insured, and designed for investors willing to accept potential loss of some or all principal, limited liquidity, tax complexity, and the possibility that secondary market prices and the notes’ estimated value of $976.60 per $1,000 will be below the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers auto callable contingent interest notes linked to the common stock of T-Mobile US, Inc. The notes have a $1,000 denomination (minimum purchase $10,000) and mature on August 11, 2027, unless automatically called as early as November 6, 2026.

Investors may receive a $25.00 Contingent Interest Payment per $1,000 note on each Interest Payment Date if the T-Mobile share price on the related Review Date is at or above the Interest Barrier of $104.4522, equal to 58.00% of the $180.09 Stock Strike Price. Missed coupons can be paid later if the barrier is met on subsequent Review Dates, but can be lost entirely.

If the notes are not called and the Final Stock Price is at or above the Trigger Level (also 58.00% of the Stock Strike Price), investors receive full principal plus the final contingent coupon and any unpaid coupons. If a Trigger Event occurs (Final Stock Price below the Trigger Level), the maturity payment is $1,000 + ($1,000 × Stock Return), exposing investors to more than 42.00% principal loss and up to a total loss. Total issuance is $740,000, with underwriting fees of $10 per note and an estimated value of $970.70 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Medium-Term Notes, Series A, $1,000-denomination Digital Equity Notes due July 11, 2035 linked to the S&P 500® Index. The notes pay no interest and are not listed.

At maturity, the cash payment per $1,000 note depends on the S&P 500® performance from the trade date to July 9, 2035. If the final index level is at least 90.00% of the initial level, investors receive a fixed threshold settlement amount, expected between $1,852.70 and $2,000.50, subject to a cap level expected between 185.27% and 200.05% of the initial level.

If the index declines more than 10% from the initial level, repayment is reduced one-for-one with the index loss, and investors can lose up to 100% of principal. The estimated value at pricing is expected between $921.30 and $931.30 per $1,000, reflecting embedded selling, structuring and hedging costs. Underwriting commissions may be up to 5.00% of principal. The notes are subject to the credit risk of both the issuer and the guarantor and involve complex, uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering structured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due August 18, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest only on Review Dates when the Index closes at or above 70% of the Initial Value (the Interest Barrier); missed coupons can be paid later if a future Review Date meets the barrier. From certain later Review Dates, the notes are automatically called if the Index is at or above the Call Value, returning $1,000 per note plus due interest, with no further payments. At maturity, if not called and the Final Value is at or above the 85% Buffer Threshold, principal is repaid and any due contingent interest is paid; below that level, investors lose 1% of principal for each 1% Index decline beyond the 15% buffer, for a maximum loss of 85%. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on QQQ exposure, which drags performance relative to an equivalent index without such charges. The notes are unsecured obligations of JPMorgan Financial, in minimum denominations of $1,000, expected to price on or about August 13, 2026 and settle on or about August 18, 2026; if priced today, the estimated value would be about $909.90 per $1,000, and will not be less than $900.00 when set.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked individually to the Nasdaq-100 Index® and the S&P 500® Index, maturing August 12, 2031, in minimum denominations of $1,000.

The notes may be automatically called as early as February 7, 2029 if the closing level of each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $375. If not called, at maturity investors receive 2.00 times any positive return of the lesser performing index, full principal back if both indices remain at or above 70% of their Initial Values, or a 1:1 loss with the lesser performer if either falls below this barrier.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an indicative estimated value of about $988.60 per $1,000, not less than $900.00 at pricing.

JPMorgan Chase Financial Company LLC is offering 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 are expected to price on or about July 31, 2026 and settle on or about August 5, 2026, with maturity on August 5, 2032. The notes may be automatically called quarterly starting February 1, 2027 if the Index is at or above its Initial Value, returning principal plus the applicable contingent interest.

Monthly Contingent Interest Payments are made only when the Index is at or above 70.00% of the Initial Value (the Interest Barrier). If the notes are not called and the Final Index Value is below a Trigger Value of 50.00% of the Initial Value, repayment of principal is reduced 1% for each 1% Index decline, and all principal can be lost. The hypothetical Contingent Interest Rate will be at least 18.00% per annum6.0% per annum daily deduction, uses leveraged exposure of up to 500% to E-mini S&P 500 futures, and may be significantly uninvested, all of which can drag on performance. The estimated value would be about $926.90 per $1,000 note if priced today and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions, hedging costs and an internal funding rate. Payments depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured, not bank deposits and not FDIC insured.

JPMorgan Chase Financial Company LLC is offering $581,000 of auto callable accelerated barrier notes linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes priced on July 27, 2026 in minimum denominations of $1,000, with selling commissions of $4.50 per $1,000 and issuer proceeds of $995.50 per $1,000. The estimated value was $986.20 per $1,000 at pricing.

The notes may be automatically called on August 2, 2027 if each index is at or above its Call Value, paying $1,000 plus a fixed call premium of $240. If not called, at maturity investors receive an uncapped leveraged upside of 2.00× the appreciation of the least performing index, return of principal if all index final levels stay at or above a 70% barrier, or a 1% loss of principal for each 1% decline of the least performing index below its initial level. The notes pay no interest, offer no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $1,472,000 of structured Review 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, in $1,000 denominations, price on July 27, 2026 and are expected to settle on or about July 30, 2026, with maturity on August 1, 2029.

The notes feature an automatic call on any Review Date from July 29, 2027 onward if each index closes at or above its Initial Value (100% Call Value). In that case, investors receive $1,000 plus a call premium ranging from 11.750% on the first Review Date to 35.250% on the final Review Date. If not called, principal is protected only by a 30.00% Buffer Amount; if either index falls by more than 30%, repayment is reduced one-for-one with the lesser performer, up to a 70.00% loss of principal.

The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $5 in fees, with $995 in proceeds to the issuer; the initial estimated value is $980.30 per $1,000, reflecting selling, structuring and hedging costs and the use of an internal funding rate. Liquidity is limited as the notes will not be listed, and secondary prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, due August 1, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates starting August 2, 2027 if the Index closes at or above 100% of its Initial Value, paying back $1,000 plus a call premium of at least 26.25% to 78.75% of principal depending on the call date.

If not called and the Final Index Value exceeds the Initial Value, investors receive leveraged upside of 2.00× the Index return. If the Final Value is at or above the 60.00% Barrier Amount, principal is returned. If the Final Value is below the Barrier, repayment is $1,000 plus the unleveraged Index return, so investors can lose more than 40% and up to all principal. The underlying Index incurs a 6.0% per annum daily deduction and a daily notional financing cost, which drag on performance. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have minimum denominations of $1,000, and had an indicative estimated value of about $897.10 per $1,000, not less than $880.

JPMorgan Chase Financial Company LLC is issuing $1,103,000 of auto callable accelerated barrier notes linked to the S&P 500® Futures Excess Return Index, due July 31, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on August 2, 2027 if the Index is at or above a specified Call Value, in which case holders receive $1,000 plus a $107.50 call premium per note and no further payments.

If not called, at maturity investors receive: leveraged upside of 1.70× Index appreciation when the Final Value exceeds the Initial Value; full principal back if the Final Value is at or above the 60% Barrier Amount; or a loss of 1% of principal for each 1% Index decline below the Initial Value once the Barrier is breached, up to total loss. The price to public is $1,000 per note, with selling commissions of $41.25 and proceeds to issuer of $958.75 per note. The estimated value at pricing was $948.10 per $1,000 note. The notes pay no interest, are unsecured, not listed, and expose investors to both Index performance and the credit risk of JPMorgan Financial and JPMorgan Chase & Co., as well as significant market, liquidity, structural and tax risks.

JPMorgan Chase Financial Company LLC is offering Auto Callable Buffered Return Enhanced Notes linked to the common stock of NVIDIA Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a Stock Strike Price of $206.84, a term to July 27, 2028, and minimum denominations of $10,000 (in $1,000 increments). Investors receive no interest or dividends and take unsecured credit risk of both JPMorgan entities.

On the August 6, 2027 Review Date, if NVIDIA’s closing price is at or above the Stock Strike Price, the notes are automatically called and pay $1,000 plus a 27.07% call premium per note. If not called and the Final Stock Price is above the strike, maturity payment is $1,000 + 1.20× positive stock return, with no cap. If the Final Stock Price is at or up to 20% below the strike, principal is returned at par. Below that buffer, investors lose 1.25% of principal for each additional 1% decline, potentially losing all principal. The initial price to public is $1,000 per note, total offering $500,000, with an estimated value of $978.30 per $1,000 at pricing, and the notes are not FDIC insured or exchange-listed.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Equity Notes linked to the EURO STOXX 50® Index. The notes have a term of about two years, a minimum denomination of $10,000, and are subject to issuer and guarantor credit risk.

The notes may be automatically called on August 27, 2027 if the Index is at or above its initial level, paying $1,000 plus a call premium of at least 11.95% per note on September 1, 2027. If not called, at maturity on August 17, 2028, investors receive uncapped upside to the Index, with a Contingent Minimum Return of at least 23.90% when the Index ends at or above its initial level. A 15.00% buffer protects principal for moderate declines, but below that level losses are magnified by a 1.17647 downside leverage factor, potentially resulting in a substantial or total loss of principal. The estimated value is indicated at $978.30 per $1,000 note, not less than $960.00 at pricing, reflecting selling commissions and hedging costs.

JPMorgan Chase Financial Company LLC is offering $833,000 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 2, 2027 if each index is at or above its Call Value, paying $1,000 principal plus a $180 Call Premium per note. If not called and all indices finish above their initial levels at maturity on July 31, 2031, investors receive an uncapped return equal to 2.00 times the appreciation of the least performing index. If any index finishes below its 70.00% Barrier Amount, repayment of principal is reduced one-for-one with the least performing index, potentially to zero. The notes pay no interest or dividends and expose holders to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured Review Notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates starting August 2, 2027 if each index is at or above its Call Value, paying $1,000 plus a call premium of at least 15.45% on the first Review Date and up to 77.25% on the final Review Date.

If the notes are not called and on the final Review Date each index is at or above its Barrier Amount, set at 70.00% of its Strike Value, investors receive principal back at maturity on July 31, 2031. If any index finishes below its Barrier Amount, repayment is reduced one-for-one with the decline of the Least Performing Index, and investors can lose more than 30% and up to all principal.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. The estimated value would be about $972.60 per $1,000 note if priced on the term sheet date and will not be less than $940.00 per $1,000 at pricing, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,643,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays a Contingent Interest Payment at a rate of 9.20% per annum (0.76667% per month) for any Review Date on which the Index is at or above 65.00% of the Initial Value, with unpaid coupons accruing and paid later when the barrier is met.

The notes may be automatically called as early as July 27, 2027 if the Index on a relevant Review Date is at or above the Call Value, returning $1,000 plus the applicable coupon and any unpaid coupons. If not called, principal is protected only down to a Buffer Threshold of 85.00% of the Initial Value; below that level at maturity, investors lose 1% of principal for each 1% Index decline beyond the 15.00% buffer, up to an 85.00% principal loss.

The underlying Index dynamically allocates leveraged exposure (up to 500%) to an unfunded total-return position in the Invesco QQQ, Series 1, subject to a 6.0% per annum daily deduction and a daily notional financing cost (SOFR plus 0.50%), which together create a persistent drag versus an equivalent undeducted index. The price to public is $1,000 per note, including $39 in fees and commissions, with issuer proceeds of $961 per note and an estimated value at pricing of $911.40, reflecting embedded costs and internal funding assumptions. Payments depend entirely on the Index path and the credit of JPMorgan Financial and JPMorgan Chase & Co., with no principal guarantee and no listing or assured secondary market.

JPMorgan Financial is offering structured Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, with a total offering size of $5,099,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a maturity date of August 1, 2028 and may be automatically called on August 2, 2027 if each index is at or above its Call Value, paying $1,000 plus a fixed call premium of $205 per note. If not called, at maturity investors receive an uncapped leveraged upside of 2.00x the appreciation of the least performing index, full principal repayment if that index stays at or above a 70% barrier, or a 1:1 downside loss below the barrier, potentially resulting in total principal loss. The price to public is $1,000 per note, including $22 in fees, while the issuer’s estimated value is $970.40 per note, and the notes pay no interest or dividends and carry issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is issuing Digital Contingent Buffered Notes linked to the Class A ordinary shares of On Holding AG, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a fixed Contingent Digital Return of 30.50%, so that, per $1,000 principal, investors receive $1,305 at maturity if the Final Stock Price is at or above the Stock Strike Price, or down by up to the 20.00% Contingent Buffer Amount.

If the Final Stock Price is below the Stock Strike Price by more than 20.00%, investors lose 1% of principal for each 1% decline in the stock, potentially up to a total loss. The Stock Strike Price is $35.60, the Final Stock Price is measured on August 5, 2027, and the notes mature on August 10, 2027. The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial, and are subject to its and JPMorgan Chase & Co.’s credit risk. The minimum denomination is $10,000, the price to public is $1,000 per note with total offering size of $500,000, and the estimated value at pricing was $975.20 per $1,000, reflecting embedded selling, structuring and hedging costs. Liquidity may be limited, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering auto callable buffered equity notes linked to the Class A common stock of Alphabet Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, with a total offering of $1,770,000, priced at $1,000 to the public and estimated value of $980.20 at issuance.

The notes may be automatically called on August 5, 2027 if Alphabet’s share price is at or above the Stock Strike Price of $317.69, in which case investors receive $1,000 plus an 18.50% call premium. If not called and held to the July 27, 2028 maturity, investors receive uncapped upside based on Alphabet’s performance, subject to a 37.00% Contingent Minimum Return when the final stock price is at or above the strike. A 20.00% buffer protects principal for moderate declines, but losses are magnified by a 1.25x downside leverage factor once declines exceed the buffer.

The notes pay no interest or 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 are not listed on an exchange, and secondary market prices are expected to be below the original issue price, influenced by internal funding rates, hedging costs and dealer markups.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Digital Buffered Notes linked to the Invesco QQQ Trust, Series 1. The notes pay a fixed 13.50% return at maturity per $1,000 note if the Final Share Price is at or above the Share Strike Price, or down to 10.00% below it. In that case, investors receive $1,135 at maturity for each $1,000 note.

If the Fund falls by more than 10.00% from the Share Strike Price of $691.96 (set on July 23, 2026), principal loss is incurred on a leveraged basis: for every 1% decline beyond the buffer, investors lose 1.11111% of principal, up to a total loss. The notes are unsecured, unsubordinated obligations, have a minimum denomination of $10,000, price at $1,000 per note, and total offering size of $1,350,000. The Valuation Date is August 5, 2027 and Maturity Date is August 10, 2027.

JPMorgan Chase Financial Company LLC is issuing Digital Buffered Notes linked to the MSCI Emerging Markets Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are priced at $1,000 per note in minimum denominations of $10,000, for an aggregate offering of $1,342,000.

At maturity on August 11, 2027, investors receive a fixed 16.00% Contingent Digital Return (payment of $1,160 per $1,000) if the index level on the valuation date is at or above the initial level of 1,628.03, or down by up to the 15.00% Buffer Amount. If the index falls by more than 15%, principal is lost on a leveraged basis at 1.17647% for each additional 1% decline, up to total loss of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. The original issue price includes a $10 per note selling commission; net proceeds to the issuer are $990 per $1,000 note. The estimated value at pricing was $988 per $1,000, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing Auto Callable Buffered Return Enhanced Notes linked to the MSCI Emerging Markets Index. The notes are unsecured, pay no interest or dividends, and have minimum denominations of $10,000.

The notes may be automatically called on August 6, 2027 if the Index closing level is at or above the Initial Index Level of 1,628.03. If called, investors receive $1,000 plus a 22.90% call premium per note on August 11, 2027. If not called and the Index rises, investors receive uncapped leveraged upside of 1.25× the Index Return at maturity on July 27, 2028.

A 15.00% buffer protects principal for moderate Index declines, but if the Ending Index Level is more than 15.00% below the Initial level, losses are magnified at a 1.17647× downside rate, up to a total loss of principal. The price to public is $1,000 per note in a $9.56 million offering; estimated value at pricing was $980.60, reflecting embedded fees, commissions and hedging costs. Market value and payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Digital Buffered Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are priced at $1,000 per note, with a total offering of $9,694,000.00 and estimated value of $987.10 per $1,000 at pricing.

At maturity on August 11, 2027, investors receive a fixed 9.22% Contingent Digital Return (maximum payment $1,092.20 per $1,000) if the S&P 500 ending level is at or above the initial level, or down to 10.00% below it. If the index declines by more than 10.00%, principal is lost on a leveraged basis at 1.11111% of principal per additional 1% index loss, up to a total loss.

The initial index level is 7,411.98 (S&P 500 closing level on July 24, 2026). The notes pay no interest or dividends and are not listed; secondary market liquidity depends on J.P. Morgan Securities LLC. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. JPMorgan has separately committed $900,000 in aggregate donations to Blue Star Families, which are not contingent on this offering.