JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is offering $878,000 of Callable Contingent Interest Notes due July 26, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked, on a worst-of basis, to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index.

Investors may receive a monthly Contingent Interest Payment at 12.15% per annum (1.0125% per month) only if, on a Review Date, the closing level of each Index is at or above 70% of its Initial Value (the Interest Barrier); missed coupons can be paid later if conditions are met (“memory” feature). The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning October 26, 2026 at $1,000 plus applicable contingent interest.

If the notes are not called and, on the final Review Date, any Index is below its 70% Trigger Value, principal is reduced 1% for each 1% decline of the Least Performing Index, down to a total loss. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $6 in selling commissions, with issuer proceeds of $994 per note; the initial estimated value is $975.80 per $1,000.

JPMorgan Chase Financial Company LLC is issuing $575,000 of Uncapped Buffered Equity Notes linked to the iShares MSCI Emerging Markets ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing July 25, 2029. Each $1,000 note offers an uncapped payoff of 0.87x any positive fund return at maturity and a 20% downside buffer. If the ETF falls more than 20%, principal is reduced 1% for each additional 1% decline, with a maximum loss of 80% (minimum repayment $200 per $1,000). The notes pay no interest or dividends and are unsecured, exposing investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $6 in selling commissions, versus an estimated fair value of $978. The notes are not listed, so liquidity depends on JPMS making a market, and secondary prices are expected to be below the issue price. Additional risks include emerging-markets and currency exposure from the underlying ETF and complex, uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC is issuing $1,890,000 of Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note, with selling commissions of $11.25 and net proceeds to the issuer of $988.75 per note. The estimated value at pricing was $970.70 per $1,000 note, reflecting embedded selling, structuring and hedging costs.

The notes may be automatically called on July 27, 2027 if the index level is at or above a specified Call Value, paying $1,000 plus a fixed Call Premium Amount of $150, after which no further payments are made. If not called and held to July 24, 2031, investors receive an uncapped leveraged upside of 2.45× any positive index return, return of principal if the final index level is at or above the Barrier Amount of 70% of the initial level, or a 1:1 loss with the index if the barrier is breached.

The notes pay no interest, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange, so liquidity will depend on dealer willingness to transact. The product embeds significant market, futures roll, credit, liquidity, tax, and structural risks, including potential loss of some or all principal at maturity.

JPMorgan Chase Financial Company LLC is offering $280,000 of Auto Callable Contingent Interest Notes due July 26, 2029, linked to the least performing of the Nasdaq-100® Technology Sector, the S&P 500® Index and the SPDR® Gold Trust. The notes pay a contingent interest rate of 9.55% per annum (0.79583% monthly) only on Review Dates when the closing value of each underlying is at or above 60% of its Initial Value (the Interest Barrier; also the Trigger Value). Missed coupons can be made up if a later Review Date meets the barrier.

Beginning October 21, 2026, the notes are automatically called if on a Review Date (other than the first, second and final) each underlying is at or above its Initial Value, returning $1,000 per note plus the current and any unpaid coupons. If the notes are not called and, on the final Review Date, any underlying is below its Trigger Value, investors receive $1,000 + ($1,000 × Least Performing Underlying Return), risking significant or total principal loss.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. The price to public is $1,000 per note, including selling commissions, while the issuer’s estimated value is $956.50, reflecting embedded costs and hedging economics.

JPMorgan Chase Financial Company LLC is issuing $601,000 of Auto Callable Barrier Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes, in $1,000 denominations, may be automatically called on review dates starting July 26, 2027 if each index is at or above 100% of its Initial Value, paying back principal plus a call premium of 14.50%, 29.00% or 43.50% depending on the review date. If not called and all final index levels are above their Initial Values, maturity payment equals $1,000 plus the Least Performing Index Return; if any index finishes at or below its Initial Value but at or above 70% of Initial Value, principal is returned.

If any index ends below its 70% Barrier Amount, investors are fully exposed to downside in the least performing index and can lose up to all principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, and had an estimated value of $943.60 per $1,000 at pricing versus a $1,000 issue price.

JPMorgan Chase Financial Company LLC is issuing $958,000 of Auto Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, due July 26, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a quarterly Contingent Interest Rate of 10.85% per annum (2.7125% per quarter) only if on a Review Date each index is at or above 70% of its Initial Value, which is both the Interest Barrier and Trigger Value. The notes are automatically called, returning principal plus the contingent coupon, if on any non-final Review Date both indices are at or above their Initial Values.

If the notes are not called and a Trigger Event occurs (either index closes below 70% of its Initial Value on any day in the Monitoring Period) and on the final Review Date the lesser performing index finishes below its Initial Value, principal is reduced 1% for each 1% decline of that index. Investors face the risk of losing some or all principal, may receive no interest, have no upside participation in either index, and bear the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $6.50 in selling commissions, with an estimated value of $984 per note at pricing.

JPMorgan Chase Financial Company LLC is offering unsecured structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on specified Review Dates, starting August 3, 2028, if the Index closes at or above a preset Call Value, paying $1,000 plus a call premium and then terminating.

If not called, at maturity on August 8, 2033 investors receive $1,000 per note if the Index’s Final Value is at or above a Barrier Amount; otherwise, the payoff is $1,000 plus $1,000 multiplied by the Index return, so losses can exceed 40% and reach 100% of principal. The Index uses a rules-based volatility-targeting strategy with exposure between 0% and 500% to an unfunded position in the Invesco QQQ Fund, but its performance is reduced by a 6.0% per annum daily deduction and a daily notional financing cost (SOFR plus 0.50% per annum), which create a persistent drag and can cause the Index to lag similar strategies without such charges.

The notes pay no interest and provide no dividends or rights in the QQQ Fund. They are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, potential conflicts of interest, model and leverage risk in the Index design, and U.S. federal tax uncertainty, including treatment as open transactions and possible future regulatory changes.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Equity Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., maturing on January 27, 2028. The notes provide 1.00x participation in any Index appreciation, up to a Maximum Return of at least 18.00%.

A 20.00% downside buffer protects principal for Index declines up to that level; beyond it, investors lose 1% of principal for each additional 1% Index decline, for a maximum loss of 80.00% (receiving $200 per $1,000 note). The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The minimum denomination is $1,000.

If priced on the example date, the estimated economic value would be about $990 per $1,000 note, and at pricing it will not be less than $970 per $1,000, below the issue price due to selling, structuring and hedging costs. The Strike Value is set using the S&P 500 closing level on July 22, 2026, when the Index closed at 7,498.96. U.S. tax treatment is uncertain; the issuer intends to treat the notes as open transactions, but alternative characterizations could materially affect tax outcomes.

JPMorgan Chase Financial Company LLC is offering $4,798,000 of Callable Contingent Interest Notes due July 24, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Rate of 10.60% per annum (0.88333% per month) only for Review Dates when the closing level of each of the Nasdaq‑100® Technology Sector, Russell 2000® Index and S&P 500® Index is at or above 70.00% of its Initial Value, the Interest Barrier.

The issuer may redeem the notes early at par plus any due contingent interest on specified Interest Payment Dates, beginning January 26, 202770.00% Trigger Value. If any Index finishes below its Trigger Value, the payoff is reduced by the full decline of the Least Performing Index, with potential loss of all principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including selling commissions of $28, for net proceeds of $972 per note; the estimated value at pricing was $945.90, reflecting embedded costs, hedging and funding assumptions. The notes will not be listed, may have limited or no liquidity, and do not provide any participation in index upside or any dividends.

JPMorgan Chase Financial Company LLC is offering $250,000 of auto callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of 7.85% per annum (1.9625% per quarter) only for Review Dates when the closing level of each Index is at or above 70% of its Initial Value (the Interest Barrier). Starting January 21, 2027, the notes are automatically called if, on a Review Date (other than the first and final), 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 is protected only down to a Buffer Threshold of 80% of Initial Value. At maturity, if any Index finishes below its Buffer Threshold, repayment is reduced by 1% for each 1% decline of the Least Performing Index beyond the 20% Buffer Amount, up to a maximum loss of 80% of principal. The minimum denomination is $1,000, price to public is $1,000 per note, and the estimated value is $971.40 per $1,000 at pricing, reflecting embedded fees, hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is issuing $384,000 of Uncapped Buffered Return Enhanced Notes due July 24, 2031, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer 1.64x any positive return of the least performing index at maturity, with no upside cap, and a 20% downside buffer. If the least performing index falls more than 20%, principal is reduced 1% for each additional 1% decline, for a potential maximum loss of 80% of principal.

The notes pay no interest, provide no dividends, and will not be listed, so liquidity depends on J.P. Morgan Securities. Credit risk of both JPMorgan Financial and JPMorgan Chase & Co. applies. The price to public is $1,000 per note, including fees, versus an estimated value of $978.50.

JPMorgan Chase Financial Company LLC is offering $680,000 of Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, due October 26, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 9.90% per annum Contingent Interest (0.825% monthly) only for Review Dates when the closing level of each index is at least 75.00% of its Initial Value (the Interest Barrier). If the notes are not redeemed early and, on the final Review Date, the Final Value of either index is below its 75.00% Trigger Value, principal is reduced 1% for each 1% decline of the lesser performing index, down to a possible total loss.

The issuer may redeem the notes early, in whole, on specified Interest Payment Dates beginning January 26, 2027, paying $1,000 plus any due Contingent Interest. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, and have an estimated initial value of $980.30 per $1,000, below the issue price due to selling, structuring and hedging costs. U.S. tax treatment is intended as prepaid forward contracts with associated contingent coupons.

JPMorgan Chase Financial Company LLC is issuing $1,767,000 in Auto Callable Accelerated Barrier Notes linked to the lesser performer of the Nasdaq‑100 Index and the Russell 2000 Index, maturing on July 24, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note, with selling commissions of $25 and issuer proceeds of $975 per note; the initial estimated value is $950.20.

The notes may be automatically called on July 27, 2027 if each index is at or above its Call Value, paying principal plus a fixed $202.50 Call Premium. If not called, at maturity investors receive 1.50 times any positive return of the lesser‑performing index, full principal back if both indices stay at or above a 70% Barrier Amount, or a loss of 1% of principal for each 1% decline of the lesser performer below its Initial Value. The product pays no interest or dividends, is unsecured, and exposes holders to both index performance and JPMorgan credit risk.

JPMorgan Chase Financial Company LLC is offering unsecured Uncapped Accelerated Barrier Notes due August 1, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index.

At maturity, if both underlyings finish at or above their 70% Barrier Amount, investors receive at least their $1,000 principal, and if both are above their initial values, they receive an uncapped leveraged upside of at least 2.305× the lesser-performing underlying’s gain. If either underlying finishes below its barrier, principal is reduced 1% for each 1% decline of the lesser performer from its initial value, down to a total loss.

The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000$971.30 per $1,000 note, and the final estimated value on pricing will not be less than $900 per $1,000. The notes are expected to price on or about July 29, 2026 and settle on or about August 3, 2026 and will not be listed; secondary liquidity, if any, would depend on J.P. Morgan Securities LLC.

JPMorgan Chase Financial Company LLC is offering unsecured callable structured notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on August 8, 2033. The notes may be automatically called as early as August 4, 2027 if, on any Review Date, the Index closes at or above the Call Value, in which case investors receive $1,000 plus a call premium and no further payments.

If the notes are not called, investors receive principal at maturity only if the Final Index Value is at least the 60% Barrier Amount; otherwise, repayment is reduced 1% for each 1% Index decline from the Initial Value, potentially to zero. The Index employs a 35% target volatility with leverage up to 500% and is subject to a 6.0% per annum daily deduction and a notional financing cost, which reduce performance. The minimum denomination is $1,000, and the estimated value is about $923.70 per $1,000 at launch, not less than $900. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Uncapped Accelerated Barrier Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000 and maturity on August 1, 2031. The notes are linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, with payments based on each index individually rather than a basket.

At maturity, if every index finishes at or above its initial level, investors receive principal plus a leveraged gain of at least 2.1875× the appreciation of the least performing index, with no cap; for example, a 10% gain would pay $1,218.75 per $1,000 note. If any index finishes below its initial level but all remain at or above 70% of their initial levels (the Barrier Amount), principal is returned. If any index closes below its Barrier Amount, repayment is reduced one-for-one with the decline of the least performing index, so a 60% drop would return $400 per $1,000. The notes pay no interest or dividends, are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and are not listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering $15,000,000 of Trigger Step Securities, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the S&P 500® Equal Weight Index and the EURO STOXX 50® Index, maturing July 23, 2031. The notes have a 5‑year term, a denomination of $10, and no interest or dividend payments.

If, on the final valuation date, the level of each index is at or above its Step Barrier (100% of its initial value), investors receive principal plus the greater of a fixed Step Return of 69.25% or the actual return of the lesser performing index. If either index is below its Step Barrier but both remain at or above the Downside Threshold (75% of initial), principal is repaid only. If either index falls below its Downside Threshold, repayment is reduced in full proportion to the negative return of the lesser performing index, up to a 100% loss of principal.

The price to the public is $10.00 per note, including $0.35 in selling commissions to UBS, for net proceeds of $9.65 per note to the issuer. The estimated value at pricing is $9.482 per $10, reflecting structuring and hedging costs. All payments depend on the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.; the securities are not bank deposits and are not FDIC insured.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500 Index. The notes target a fixed Contingent Digital Return of at least 9.25% if the Ending Index Level is at or above the Index Strike Level or down by up to the 20.00% Contingent Buffer Amount.

At maturity, investors receive $1,000 plus the Contingent Digital Return per $1,000 note in those cases; otherwise, they lose 1% of principal for each 1% Index decline beyond the 20% buffer, up to a total loss. Minimum denomination is $10,000, with integral multiples of $1,000. The Strike Date is July 22, 2026, Valuation Date August 23, 2027, and Maturity Date August 26, 2027. If priced on the date shown, the estimated value would be about $986.70 per $1,000 note and will not be less than $970.00 per $1,000 when set. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. and the notes pay no periodic interest or dividends.

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 10.27%, so if at maturity the Index is at or above the strike level, or down by up to the 15.00% Contingent Buffer Amount, investors receive $1,102.70 per $1,000 principal (assuming a 10.27% digital return).

If the Index is below the strike by more than 15.00%, principal is reduced 1% for every 1% Index loss, with potential loss of all principal. The notes are expected to price on or about July 23, 2026, mature on August 26, 2027, and are valued initially at about $986.60 per $1,000, not less than $970.00, reflecting embedded costs and hedging. They are unsecured obligations, not bank deposits or FDIC insured, with tax treatment as prepaid financial contracts and detailed U.S. and non-U.S. tax considerations.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Delta Air Lines, Inc. The notes pay a Contingent Interest Payment each quarter only if Delta’s share price on the related Review Date is at least 50.00% of the Initial Value, with a Contingent Interest Rate of at least 10.55% per annum (at least $26.375 per $1,000 per quarter), and missed coupons can be paid later if the barrier is met.

The notes may be automatically called on any Review Date other than the first and final, starting January 29, 2027, if Delta’s share price is at least the Initial Value, returning $1,000 plus due and unpaid contingent interest. If not called and the Final Value on August 3, 2028 is at least 50.00% of the Initial Value, investors receive $1,000 plus all due contingent interest; if the Final Value is below 50.00%, repayment is $1,000 + ($1,000 × Stock Return), so principal loss exceeds 50% and can reach 100%. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated economic value is approximately $960.00 per $1,000 note, and will not be less than $940.00 when set, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is offering callable fixed rate notes due August 31, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay fixed interest at 4.325% per annum, calculated on a 30/360 basis and paid in arrears on July 31, 2027 and on the maturity date, or earlier if redeemed.

The issuer may, at its option, redeem the notes in whole (but not in part) on January 31, 2027, April 30, 2027 or July 31, 2027 at par plus accrued and unpaid interest, subject to a Following Business Day Convention and an unadjusted Interest Accrual Convention. The Original Issue Date is July 31, 2026, and the notes are part of the Series A medium-term note program. The price to the public will be between $997.60 and $1,000 per $1,000 principal amount, and selling commissions are expected to be about $1.00 and will not exceed $5.00 per $1,000 principal amount. The notes are unsecured obligations, are not bank deposits and are not insured by the FDIC or any governmental agency.

JPMorgan Chase Financial Company LLC is offering Capped Accelerated Barrier Notes due January 27, 2028, linked to an equally weighted basket of fifteen U.S.-listed stocks, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 3.00x leveraged upside on any positive basket performance, capped at a maximum return of at least 60.00%, implying a maximum payment of at least $1,600 per $1,000 note. If the final basket value is at or above the 70.00% Barrier Amount, investors receive at least their principal at maturity. If the final basket value falls below the Barrier Amount, repayment is reduced one-for-one with the basket loss, exposing investors to loss of more than 30% and up to 100% of principal.

The notes pay no interest, offer no dividends or voting rights in the underlying stocks, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are issued in minimum denominations of $1,000, with an indicative estimated value of about $972.20 per $1,000 note and not less than $900.00 when finalized. The basket includes names such as AeroVironment, Goldman Sachs, Cheniere Energy, Micron Technology, UnitedHealth Group and Wells Fargo, each at a 1/15 weight. The notes will not be listed, and secondary market liquidity and pricing, if any, depend primarily on J.P. Morgan Securities LLC.

JPMorgan Chase Financial Company LLC is offering uncapped buffered equity notes linked to the iShares MSCI Emerging Markets ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on July 25, 2029 and are issued in minimum denominations of $1,000.

At maturity, if the ETF rises, investors receive the $1,000 principal plus at least 0.87 times any positive fund return, with no cap. If the fund is flat or down by up to the 20% Buffer Amount, principal is returned. If the fund declines by more than 20%, investors lose 1% of principal for each 1% decline beyond 20%, for a maximum loss of 80% of principal (down to $200 per $1,000 note.

The notes pay no interest and provide no dividends or rights in the ETF. They are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value would be about $970 per $1,000 note if priced on the described date and will not be less than $950 per $1,000 at pricing. Liquidity may be limited as the notes will not be listed, and secondary market prices are expected to be below the original issue price. The tax treatment is complex and may involve treatment as a prepaid financial contract and potential “constructive ownership” rules.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on July 25, 2033, in minimum denominations of $1,000.

Investors may receive a monthly Contingent Interest Payment when the Index is at or above 70% of the Strike Value (Interest Barrier). The notes are automatically called quarterly if the Index is at or above the Strike Value, with the earliest call date on January 20, 2027. If held to maturity without being called and the Final Value is below the 50% Trigger Value, principal is reduced 1% for each 1% Index decline, down to zero.

The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which acts as a drag on performance. A hypothetical Contingent Interest Rate of 18.25% per annum (1% per month) is illustrated, and the estimated value would be about $930 per $1,000 note if priced today, not less than $900 at pricing, reflecting selling costs and internal funding and hedging assumptions.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the common stock of UnitedHealth Group Incorporated, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and pays a contingent coupon if, on a Review Date, UnitedHealth’s share price is at or above 65.00% of the Strike Value (the Interest Barrier). The notes may be automatically called on any Review Date from January 20, 2027 (other than the first and final dates) if the share price is at or above the Strike Value, returning $1,000 plus accrued and unpaid contingent interest.

If the notes are not called and the Final Value is at or above the Trigger Value (also 65.00% of the Strike Value), investors receive $1,000 plus all due contingent interest. If the Final Value is below the Trigger Value, repayment is reduced according to the stock’s negative return, and investors can lose a significant portion or all of principal. The hypothetical examples assume a minimum Contingent Interest Rate of 11.00% per annum (2.75% per quarter). The indicative estimated value is about $970 per $1,000 note and will not be less than $950 per $1,000 at pricing, reflecting selling commissions, a structuring fee and hedging costs. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $130,000 of Uncapped Digital Barrier Notes linked to the lesser performer of the S&P 500 Index and the Russell 2000 Index, due July 22, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide uncapped, unleveraged upside to any appreciation in the lesser-performing index at maturity, subject to a Contingent Digital Return of 52.15%. If both indices finish at or above their initial levels, investors receive the greater of this contingent return or the lesser-performing index return. If either index finishes below its initial level but both remain at or above 75% of initial (the Barrier Amount), principal is returned. If either index closes below its barrier, repayment is reduced one-for-one with the decline of the lesser-performing index, and investors can lose more than 25% and up to all principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, and expose holders to the credit risk of both the issuer and guarantor. The price to the public is $1,000 per note, including selling commissions and a structuring fee; the estimated value at pricing was $946.70 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering $972,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500 Futures Excess Return Index, maturing July 20, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide 1.52x leveraged upside on any positive Index return at maturity and a 20% downside buffer. If the Index falls more than 20%, principal is reduced 1% for each additional 1% decline, with a minimum payment of $200 per $1,000 note, implying up to 80% loss of principal. The notes pay no interest, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

Denominations are $1,000 and multiples thereof. Price to public is $1,000 per note, with up to $9.50 in selling commissions per $1,000. The issuer’s estimated value is $980.60 per $1,000, reflecting embedded costs and an internal funding rate. The notes will not be listed, and secondary market 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 Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of July 28, 2031 and minimum denominations of $1,000.

The notes may be automatically called on any of 16 specified Review Dates starting July 27, 2027 if the Index closes at or above 90.00% of its Initial Value, paying $1,000 plus a growing Call Premium (at least 17.5500% on the first Review Date up to at least 83.3625% on the sixteenth). If not called and the Final Value exceeds the Initial Value, the maturity payment equals $1,000 plus 1.75× the Index Return. If the Final Value is between the Initial Value and the 70.00% Barrier Amount, principal is returned. Below the Barrier, investors lose 1% of principal for each 1% Index decline and can lose their entire investment.

The underlying Index uses leveraged E-mini S&P 500 futures exposure with a 35% target volatility and is subject to a 6.0% per annum daily deduction, which drags performance. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of about $896.20 per $1,000 note in the example provided, not less than $880.00 when finalized.

JPMorgan Chase Financial Company LLC is offering $3,006,000 of unsecured structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note, with selling commissions of $41.50 and issuer proceeds of $958.50 per note; the initial estimated value is $908.80 per note.

The notes may be automatically called quarterly starting July 22, 2027 through maturity on July 22, 2031 if the Index closes at or above the Call Value, paying back principal plus a fixed call premium that steps from 10% up to 50% of principal depending on the Review Date. If never called, principal is protected only by a 15% Buffer Amount; if the Index decline exceeds this, investors lose 1% of principal for each additional 1% drop, up to a maximum 85% loss at maturity.

The Index is highly engineered: it targets 35% implied volatility with exposure to the Invesco QQQ Fund ranging from 0% to 500%, applies a 6.0% per annum daily index deduction, and reduces QQQ performance by a daily notional financing cost tied to SOFR plus 0.50%. These deductions and leverage can significantly drag performance and increase downside risk, while all payments remain subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering 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 may be automatically called on August 2, 2027 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $205 per $1,000 note. If not called, at maturity investors receive an uncapped 2.00x participation in any gain of the least performing index, principal back if all indices stay at or above 70% of their Initial Value, and otherwise a 1:1 loss with the least performing index, potentially down to zero.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have an estimated value of about $971.70 per $1,000 at launch (not less than $900.00), and are expected to price on or about July 27, 2026 and settle on or about July 30, 2026.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 25, 2030, each with $1,000 principal, linked separately to the iShares MSCI Emerging Markets ETF and the EURO STOXX 50 Index and fully guaranteed by JPMorgan Chase & Co.

Investors may receive a Contingent Interest Payment on each Review Date only if the closing value of each underlying is at least 70% of its Initial Value; missed interest can be paid later if the condition is met. The notes are automatically called (except on the first and final Review Dates) if both underlyings are at or above their Initial Values, with repayment of principal plus due and unpaid contingent interest.

If the notes are not called and either underlying finishes below its 65% Trigger Value, maturity payment is reduced in proportion to the loss on the lesser performing underlying, and principal can be largely or completely lost. A hypothetical contingent interest rate of 13.00% per annum is illustrated, and the current estimated value is $974.20 per $1,000, with a minimum of $940 when set, reflecting embedded costs, credit risk of the issuer and guarantor, and limited liquidity.

JPMorgan Chase Financial Company LLC is issuing $500,000 of Callable Contingent Interest Notes linked 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 8.60% per annum (0.71667% per month) only when, on a Review Date, each index is at or above its Interest Barrier of 70.00% of its Initial Value. If any index is below its barrier, no interest is paid for that period. The issuer may redeem the notes early, in whole, on any Interest Payment Date starting October 22, 2026, paying $1,000 plus any due interest.

If not redeemed and on the final Review Date any index finishes below its Trigger Value of 60.00% of its Initial 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 price to public is $1,000 per note, while the estimated value is $963.50, reflecting embedded costs and dealer compensation.

JPMorgan Chase Financial Company LLC is offering $1,816,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on July 22, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide an uncapped leveraged payoff of 2.0525x any positive Index return at maturity. A 20.00% Buffer Amount protects principal against moderate declines; if the Index falls by more than 20%, investors lose 1% of principal for each percentage point of additional decline, up to a maximum loss of 80.00%, receiving as little as $200 per $1,000 note.

The notes pay no interest, are issued in $1,000 minimum denominations, and are unsecured, unsubordinated obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, including $10 in selling commissions, with estimated value at issuance of $977.50. The notes will not be listed on any exchange, may be illiquid, and their value and U.S. tax treatment involve the structured, derivative-like exposure to equity index futures described in the risk and tax discussions.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and pays a 16.45% per annum Contingent Interest Rate (4.1125% per quarter) only for Review Dates when the Index is at or above an Interest Barrier equal to 65% of the Initial Value.

The notes may be automatically called on any Review Date from January 19, 2027 (other than the first and final) if the Index is at or above the Initial Value, returning $1,000 plus the contingent interest for that quarter. If not called, at maturity investors receive par plus any final contingent interest if the Final Value is at or above a Trigger Value equal to 60% of the Initial Value; otherwise, repayment is reduced 1% for each 1% Index decline from the Initial Value, down to zero, exposing holders to a substantial or total loss of principal.

The MerQube Index dynamically allocates to E-mini S&P 500 futures with target volatility of 35%, leverage up to 500%, and a 6.0% per annum daily deduction that drags performance. Price to public is $1,000 per note, including $9 in fees (issuer proceeds $991,000), and the estimated value at pricing was $930.10 per note. Payments are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the notes are not listed or FDIC insured.

JPMorgan Chase Financial Company LLC is issuing $4,532,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, priced with $9 in fees and $991 in proceeds to the issuer, and an estimated value of $930.70 when priced on July 17, 2026, with settlement expected on July 22, 2026.

The notes pay a monthly Contingent Interest Payment at a rate of 18.35% per annum (1.52917% per month) only if, on the relevant Interest Review Date, the Index level is at or above 70% of the Initial Value (the Interest Barrier). The notes are automatically called on quarterly Autocall Review Dates if the Index is at or above the Initial Value, returning $1,000 plus the applicable contingent interest, with the earliest call date on January 19, 2027.

If the notes are not called, principal is protected only so long as the Final Value is at or above the Trigger Value of 50% of the Initial Value; below that level, investors lose 1% of principal for each 1% Index decline, potentially losing their entire investment. The underlying Index targets 35% implied volatility with leverage up to 500% exposure to E-mini S&P 500 futures and includes a 6.0% per annum daily deduction, which is a continuing drag on performance. Investors face full credit risk of JPMorgan Financial and JPMorgan Chase & Co., no dividends, no guarantee of any interest or principal, limited liquidity, and complex risks tied to leverage, futures markets, index methodology and internal valuation.

JPMorgan Chase Financial Company LLC is issuing Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 2.05x leveraged upside on any positive Index performance at maturity, with no cap on gains.

The notes provide a 20.00% downside buffer; if the Index falls by up to this amount, investors receive back principal. Below that level, losses are magnified by a 1.25x downside factor, so a sufficiently large decline can result in losing some or all principal. The Initial Index Level is 596.71, the closing level on July 17, 2026.

Each note has a $1,000 principal amount, with a price to the public of $1,000, underwriting fees of $30, and issuer proceeds of $970 per note, for a total offering of $624,000. The estimated value at pricing was $959.30 per $1,000 note. The notes pay no interest or dividends, are unsecured and unsubordinated obligations, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They are not listed on any exchange, and secondary market liquidity and pricing may be limited.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 26, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 9.25% per annum, but only for Review Dates when the Nasdaq-100 Index, the Russell 2000 Index and the State Street SPDR S&P Regional Banking ETF each close at or above 70% of their Initial Value, and missed coupons may be paid later if conditions are met.

The notes may be automatically called as early as January 25, 2027 if on certain Review Dates each underlying is at or above its Initial Value, in which case investors receive $1,000 per note plus applicable contingent interest and any unpaid prior coupons. If the notes are not called and any underlying finishes below its 60% Trigger Value at maturity, repayment of principal is reduced one-for-one with the decline of the least performing underlying, potentially to zero; there is no principal protection.

The indicative estimated value is $958.30 per $1,000 note as of the preliminary date and will not be less than $900.00 per $1,000 note when finalized, reflecting selling commissions, hedging costs and issuer funding. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and will not be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering $1,908,000 of Uncapped Accelerated Barrier Notes due July 22, 2031, 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 provide an uncapped upside of 1.30 times any positive return of the lesser performing index at maturity. Principal is repaid only if each index’s final level is at or above its Barrier Amount, set at 75% of its Initial Value; if either index finishes below this level, investors lose 1% of principal for each 1% decline of the lesser performing index and can lose their entire investment.

The notes pay no interest or dividends, are unsecured and unsubordinated, and will not be listed on any exchange. The price to public is $1,000 per note, including $30 in selling commissions and a $7 structuring fee, while the estimated value at pricing was $946.20 per $1,000, reflecting embedded costs and JPMorgan’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering $510,000 of Callable Contingent Interest Notes linked individually to the Russell 2000 Index, the State Street Utilities Select Sector SPDR ETF and the VanEck Semiconductor ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a principal amount of $1,000 each, pay a Contingent Interest Rate of 16.75% per annum (1.39583% per month), and are issued at 100% of principal with $11 in fees per note and $989 in proceeds to the issuer.

Contingent interest is paid on a review date only if the closing value of each underlying is at or above its Interest Barrier set at 60% of its Strike Value; otherwise no interest is paid for that period. If the notes are not called, principal is protected only if, on the final review date, the Final Value of every underlying is at or above its Trigger Value set at 50% of Strike. If any underlying finishes below its Trigger Value, repayment of principal is reduced one‑for‑one with the decline of the least performing underlying, down to a potential total loss.

The issuer may redeem the notes early at par plus any due contingent interest on specified interest payment dates, first eligible on July 19, 2027. The estimated value is $961.50 per $1,000 note, below the issue price due to selling commissions, hedging costs and internal funding. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not listed, may be illiquid, and do not provide any participation in upside of the underlyings or any dividends.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $3,830,000 of unsecured structured notes linked separately to the Dow Jones Industrial Average and the S&P 500 Index, maturing July 22, 2030. The notes may be automatically called as early as July 21, 2027 if on any Review Date the closing level of each Index is at or above its Call Value, 100% of its Initial Value. Upon an automatic call, holders receive $1,000 plus a fixed call premium, starting at 10.15% of principal on the first Review Date and increasing up to 40.60% on the final Review Date.

If not called, principal is protected at maturity only if the Final Value of each Index is at or above its Barrier Amount, 70% of its Initial Value (36,502.494 for the Dow and 5,220.383 for the S&P 500). If either Index finishes below its Barrier Amount, repayment is reduced 1% for each 1% decline in the Lesser Performing Index, exposing investors to losses greater than 30% and potentially a complete loss of principal. The notes pay no interest or dividends, are not FDIC insured, and any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note, while the estimated value at pricing was $975.90, reflecting embedded structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, due July 29, 2031, in minimum denominations of $1,000. The notes are unsecured, unsubordinated obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to both entities’ credit risk.

Investors may receive a Contingent Interest Payment on each monthly Interest Review Date only if the Index closing level is at least 70% of the Initial Value (the Interest Barrier). The notes are automatically called quarterly if, on any Autocall Review Date, the Index is at or above the Initial Value; the earliest possible call date is July 26, 2027. If called, investors receive $1,000 plus the applicable contingent interest, with no further payments.

If the notes are not called and, on the Final Review Date, the Index is at or above the Trigger Value of 50% of the Initial Value, investors receive $1,000 plus any final contingent interest. If the Final Value is below the Trigger Value, repayment is reduced dollar-for-dollar with the Index loss, potentially to $0, so investors risk losing most or all principal and may receive no interest. The Index embeds a 6.0% per annum daily deduction, uses a 35% target volatility with exposure to E-mini S&P 500 futures ranging from 0% to 500%, and is subject to leverage, volatility, futures, and methodology risks. The indicative estimated value is about $940 per $1,000 note, and will not be less than $920 at pricing, reflecting selling commissions, hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Return Enhanced Notes linked to the lesser performer of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on February 10, 2028, are issued in $1,000 minimum denominations and pay no interest or dividends.

At maturity, investors receive 1.50 times any positive return of the lesser-performing index, capped at a maximum return of 22.30%. A 15.00% buffer protects against moderate declines, but if the lesser-performing index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, for a maximum loss of 85.00% (payment as low as $150 per $1,000 note). An indicative estimated value is $990.30 per $1,000 note, and the final estimated value will not be less than $900.00, reflecting structuring, hedging and other costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and are not listed, so liquidity will depend on dealer interest.

JPMorgan Chase Financial Company LLC is offering $4,933,000 of Auto Callable Accelerated 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 may be automatically called on July 23, 2027 if each index is at or above its Call Value, paying $1,000 principal plus a $137 Call Premium per note.

If not called, at maturity on July 20, 2029 investors receive either leveraged upside of 1.50× the lesser performing index’s gain (if both indices finish above their Initial Values), return of principal if each index stays at or above 70.00% of its Initial Value, or a 1-for-1 loss with the lesser performing index below that barrier, up to total principal loss. 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 have an estimated value of $983.80 per $1,000 note at pricing, reflecting embedded structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $2,636,000 of Uncapped Accelerated Barrier Notes due July 22, 2030, 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 provide 1.41x any positive return of the lesser performing index at maturity if both finish above their initial levels, return principal if each stays at or above a 75% Barrier Amount, and incur 1:1 principal losses if either finishes below that barrier, potentially to zero. They pay no interest or dividends, are unsecured obligations subject to JPMorgan Financial and JPMorgan Chase & Co. credit risk, have an estimated value of $978.10 per $1,000 at pricing, and are sold in $1,000 minimums through fee-based advisory accounts with a $6.50 per $1,000 structuring fee on $2,363,000 of the notes.

JPMorgan Chase Financial Company LLC is issuing $2,656,000 of Auto Callable Contingent Interest Notes, in $1,000 denominations, linked to the MerQube US Tech+ Vol Advantage Index and due July 22, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 12.00% per annum Contingent Interest (3.00% quarterly) only when the Index is at or above 60.00% of the Initial Value on a Review Date. If on any Review Date from January 19, 2027 (excluding the first and final) the Index is at or above the Initial Value, the notes are automatically called at $1,000 plus interest.

If not called and the Final Value is below the 60.00% Trigger Value, repayment is reduced 1% for each 1% Index decline, down to zero, so investors may lose most or all principal. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, causing it to lag an equivalent undeducted index and amplifying downside, especially with leverage up to 500%. The notes are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, and are not exchange-listed, so liquidity may be limited. The estimated value at pricing was $908.70 per $1,000 note, below the issue price.

JPMorgan Chase Financial Company LLC is offering $1,147,000 of Review Notes linked individually to the Dow Jones Industrial Average®, the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, a price to public of $1,000, selling commissions of $37 and proceeds to the issuer of $963 per note. The notes priced on July 17, 2026 and are expected to settle on or about July 22, 2026, with maturity on July 22, 2030.

The notes may be automatically called on any of four Review Dates starting July 22, 2027 if each Index closes at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium of 13.20%, 26.40%, 39.60% or 52.80%, depending on the call date. If not called, principal is repaid at maturity only if the Final Value of each Index is at or above its Barrier Amount, set at 70.00% of its Initial Value. If any Index finishes below its Barrier Amount, payment is $1,000 plus $1,000 times the Least Performing Index Return, exposing investors to loss of more than 30% and up to all principal.

The initial index levels are 52,146.42 (Dow Jones Industrial Average®), 28,592.66 (Nasdaq-100 Index®) and 2,962.217 (Russell 2000®). The estimated value of the notes at pricing is $942.00 per $1,000 note, below the issue price, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes pay no interest, provide no dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, and may be illiquid. Tax counsel views them as prepaid financial contracts treated as open transactions for U.S. federal income tax purposes, though the IRS could challenge this treatment.

JPMorgan Chase Financial Company LLC is offering $300,000 of Callable Contingent Interest Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, due June 23, 2028 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a 6.30% per annum Contingent Interest (0.525% monthly) only for Review Dates when the closing level of each index is at least 50.00% of its Initial Value (the Interest Barrier). The issuer may redeem the notes early on certain Interest Payment Dates beginning July 22, 2027 if each index is at or above its Interest Barrier, returning $1,000 plus any due interest.

If not redeemed and the Final Value of any index is below its Trigger Value (also 50.00% of Initial Value), principal is reduced 1% for each 1% decline of the Least Performing Index, potentially down to zero. The price to public is $1,000 per note, with an estimated value of $981.20, reflecting selling commissions and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and will not be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC is issuing $280,000 of auto callable contingent interest notes due July 20, 2029, linked to the lesser performing of Amazon.com, Inc. and Eli Lilly and Company common stock, in minimum denominations of $1,000. The notes pay a monthly Contingent Interest Payment at a rate of 15.60% per annum (1.30% per month) for any Review Date on which the closing price of one share of each reference stock is at or above 70.00% of its Initial Value, which is both the Interest Barrier and Trigger Value.

The notes will be automatically called, starting October 19, 2026, if on any applicable Review Date the closing price of one share of each reference stock is at or above its Initial Value, paying $1,000 plus the current and any unpaid contingent interest. If not called and at maturity either stock is below its Trigger Value, the repayment of principal is reduced by the full decline of the lesser performing stock, down to a possible total loss of principal. The Initial Values are $247.23 for Amazon and $1,179.11 for Eli Lilly; the Interest Barrier/Trigger Values are $173.061 and $825.377, respectively.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to their credit risk. The price to public is $1,000 per note, including selling commissions of $27.50, for issuer proceeds of $972.50 per note. The estimated value, when set, was $954.40 per $1,000 note, reflecting structuring and hedging costs and potentially lower secondary market values. The notes do not pay fixed interest or dividends and will not be listed; liquidity and tax treatment, including for Non-U.S. Holders, involve additional risks.

JPMorgan Chase Financial Company LLC is issuing $2,146,000 of unsecured 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 denomination and was priced on July 17, 2026, with expected settlement on or about July 22, 2026.

The notes feature an automatic call on any Review Date from July 20, 2027 through July 17, 2029 if the Index closing level is at least 90% of the Initial Value. If called, investors receive $1,000 plus a fixed Call Premium Amount ranging from 22.00% on the first Review Date to 66.00% on the final Review Date. If not called and the Final Value is at least the Barrier Amount of 65.00% of the Initial Value (2,685.2085), investors receive principal only; if below, repayment equals $1,000 plus $1,000 × Index Return, exposing holders to loss of more than 35% and up to 100% of principal.

The Index, based on leveraged E-mini S&P 500 futures, is subject to a 6.0% per annum daily deduction, which drags performance and can cause declines even when the underlying strategy is flat or modestly positive. The Initial Value was 4,131.09, and the estimated value of each note at pricing was $941.80, below the $1,000 issue price due to selling commissions, hedging costs and issuer funding assumptions. The notes pay no interest or dividends, are not bank deposits or FDIC insured, and are subject to the credit risk of both the issuer and guarantor, market volatility, leverage in the Index, potential conflicts of interest, limited liquidity and complex U.S. tax treatment.