JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is offering Capped Trigger GEARS linked to the S&P 500® Index at $10.00 per Security, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations.

The 4‑year Securities (expected to mature on or about July 31, 2030) provide 1.50x Upside Gearing on any positive S&P 500® return, subject to a Maximum Gain between 44.70% and 48.70%, set on the Trade Date. If the index return is zero or negative but the final level is at least 75% of the Initial Value (the Downside Threshold), investors receive principal back at maturity.

If the S&P 500® closes below the Downside Threshold at maturity, repayment is reduced dollar‑for‑dollar with the index loss, and investors can lose all principal. The Securities pay no interest and do not provide dividends. Price to public is $10.00, with up to $0.30 per Security in selling commissions and $9.70 in proceeds to the issuer. The indicative estimated value is about $9.607 per $10, and when finalized will not be less than $9.30. All payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. J.P. Morgan has made $400,000 in unconditional donations to Hope & Heroes, separate from this offering.

JPMorgan Chase Financial Company LLC is offering unsecured Trigger GEARS notes linked to an unequally weighted basket of five equity indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a 5‑year term, with an issue price of $10 per Security and a minimum investment of $1,000.

At maturity, if the Basket Return is positive, investors receive $10 plus the Basket Return multiplied by an Upside Gearing between 1.50 and 1.69. If the Basket Return is zero or negative but the Final Basket Value is at or above the Downside Threshold of 75% of the Initial Basket Value, principal of $10 is repaid. If the Basket Return is negative and the Final Basket Value is below the Downside Threshold, repayment equals $10 plus $10 times the Basket Return, exposing investors to full downside and potential total loss of principal.

The Basket weights are 40.00% EURO STOXX 50® Index, 25.00% Nikkei 225 Index, 17.50% FTSE® 100 Index, 10.00% Swiss Market Index and 7.50% S&P/ASX 200 Index. The Securities pay no interest and no dividends, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $10, including $0.35 in selling commissions, with an indicative estimated value of about $9.414 per $10 and a floor of $9.10 per $10 when terms are set. Separately, J.P. Morgan has made $400,000 of unconditional donations to Hope & Heroes, which are not contingent on sales of the Securities.

JPMorgan Chase Financial Company LLC is offering $368,000 of Uncapped Accelerated Barrier Notes linked to the lesser performance of the iShares® MSCI EAFE ETF and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends and provide 2.25x leveraged upside on the lesser performing underlying if both finish above their initial values, with full principal return if each finishes at or above its 65% Barrier Amount. If either underlying closes below its Barrier Amount, investors lose 1% of principal for each 1% decline in the lesser performing underlying and can lose their entire investment.

The price to the public is $1,000 per note, including $6 in selling commissions, with issuer proceeds of $994 per note. The issuer’s estimated value is $969.60 per note. The notes are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., 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 contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each monthly Review Date only if the Index is at or above 65% of its Initial Value (the Interest Barrier). The notes may be automatically called as early as August 2, 2027 if, on designated Review Dates, the Index is at or above a Call Value, in which case investors receive $1,000 per note plus the applicable contingent interest and no further payments.

If the notes are not called and at maturity the Index is at or above the Trigger Value (also 65% of Initial Value), investors receive $1,000 plus the final contingent interest; if the Index is below the Trigger Value, repayment is reduced one-for-one with the Index decline, down to zero, so principal loss may be total. The Contingent Interest Rate will be at least 14.00% per annum, but interest is not guaranteed. The underlying Index employs up to 500% leverage, a 35% target volatility mechanism and is subject to a 6.0% per annum daily deduction, which acts as a persistent drag and can cause the Index to underperform or decline even when its futures strategy is flat or moderately positive. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are intended for buy-and-hold investors comfortable with equity index volatility, leverage, structural complexity, limited upside and potentially significant principal loss.

JPMorgan Chase Financial Company LLC is offering uncapped accelerated barrier notes linked to the S&P 500® Futures Excess Return Index, maturing on July 25, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide at least 2.3325x any positive Index return at maturity and return principal if the Final Index Value is at or above a Barrier Amount equal to 70% of the Initial Value. Minimum denomination is $1,000.

If the Final Value falls below the Barrier Amount, investors lose 1% of principal for each 1% Index decline from the Initial Value, up to a total loss of principal. The notes pay no interest, are unsecured, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is about $970 per $1,000 principal (and will not be less than $950 at pricing), which is lower than the issue price because it embeds selling, structuring and hedging costs.

Key risks include potential loss of some or all principal, lack of listing and potentially illiquid secondary trading, complexity and volatility of the S&P 500® Futures Excess Return Index (including negative roll returns), potential conflicts of interest in hedging and pricing, and uncertain and evolving U.S. tax treatment, including open-transaction treatment and the possible impact of future guidance and Section 871(m) for non-U.S. investors.

JPMorgan Chase Financial Company LLC is offering structured Buffered Digital Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a Contingent Digital Return of at least 9.15% if, on the August 23, 2027 observation date, each index is at or above its initial level or has declined by no more than the 25.00% Buffer Amount. In that case, investors receive $1,091.50 per $1,000 note at maturity on August 26, 2027.

If any index has fallen more than 25.00%, the payoff is reduced dollar-for-dollar beyond the buffer, exposing investors to a maximum loss of 75.00% of principal, with a minimum maturity payment of $250 per $1,000 note, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The notes pay no interest, provide no dividends from the underlying indices, and will not be listed on an exchange, so liquidity will likely depend on repurchases by JPMS at prices below the original issue price. The preliminary estimated value is about $989 per $1,000 note and will not be less than $900, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC is offering Trigger Step Securities, unsecured notes linked to the lesser performer of the S&P 500® Equal Weight Index and the EURO STOXX 50® Index, guaranteed by JPMorgan Chase & Co. Each Security has a $10 principal amount and a 5‑year term.

At maturity, if both indexes are at or above their Step Barriers (100% of Initial Value), investors receive $10 plus the greater of a fixed Step Return (between 63.50% and 68.50%, set on the trade date) or the return of the lesser-performing index. If either index is below its Step Barrier but both remain at or above the Downside Thresholds (75% of Initial Value), principal is merely returned. If either index finishes below its Downside Threshold, repayment falls in line with the negative return of the lesser-performing index, up to a total loss of principal.

The notes pay no interest or dividends, carry full downside market exposure below the threshold, and depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $9.459 per $10, and will not be set below $9.10. A separate, unconditional $400,000 donation to Hope & Heroes Children’s Cancer Fund is disclosed but is not linked to note sales or terms.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of United Airlines Holdings, Inc. (UAL), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a quarterly Contingent Interest Payment of $37.50 per $1,000 (a 15.00% per annum rate) for each Review Date on which UAL’s closing price is at or above an Interest Barrier that will be at most 49.25% of the Initial Value; otherwise, no interest is paid for that quarter.

The notes may be automatically called on any Review Date from January 22, 2027 (except the first and final Review Dates) if UAL’s closing price is at or above the Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments. If the notes are not called and the Final Value is at or above the Trigger Value (the same level as the Interest Barrier), investors receive $1,000 plus the final contingent interest at maturity on July 27, 2028. If the Final Value is below the Trigger Value, repayment is reduced by the full negative Stock Return, and investors will lose more than 50.75% and up to all of principal.

The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. They will not be listed, and secondary market liquidity may be limited. The indicative estimated value is approximately $960 per $1,000 principal amount and will not be less than $940 when set, reflecting embedded selling commissions, structuring fees and hedging costs. The UAL reference stock last closed at $118.81 on July 16, 2026. U.S. tax treatment is based on prepaid forward contract characterization with associated contingent coupons and may be affected by future IRS guidance.

JPMorgan Chase Financial Company LLC is offering Capped Market Linked Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $1,000 principal amount, a term of approximately 7 years, and is scheduled to mature on August 2, 2033.

If the S&P 500® Index return over the term is positive, holders receive $1,000 plus the index return multiplied by a 100.00% Participation Rate, capped at a Maximum Gain between 70.00% and 77.20%, to be set on the trade date. If the index return is zero or negative, investors receive only the $1,000 principal at maturity and no positive return. The Notes pay no interest and do not provide dividends from index constituents.

The issue price is $1,000 per Note, including up to $35 in selling commissions to UBS, leaving $965 in proceeds to the issuer per Note. If priced on the indicated terms, the estimated value would be about $956.90 per $1,000 Note and will not be less than $920.00, reflecting structuring and hedging costs. The Notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., and are not FDIC insured or exchange-listed.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable notes due July 26, 2029 at $1,000 per security, linked to the worst performer of Palantir Class A, Affirm Class A and IBM common stock.

The notes pay a monthly contingent coupon at an annual rate of at least 23.15% only if, on each calculation day, the lowest performing stock’s closing price is at or above its threshold price, set at 45% of its starting price. Missed coupons can be “remembered” and paid later if the condition is subsequently met.

From January 2027 to June 2029, the notes are auto-callable if the lowest performing stock is at or above its starting price, returning principal plus the applicable coupon and any unpaid coupons. If not called, and on the final calculation day the lowest performer is below its threshold, investors receive $1,000 plus $1,000 times that stock’s return, resulting in a loss of more than 55% and possibly all principal.

The price to public is $1,000, with fees and commissions of $23.25 and proceeds to the issuer of $976.75 per note. The indicative estimated value is about $938.90 and will not be less than $900. The notes are unsecured, not FDIC insured and involve significant market, structural, liquidity and tax risks.

JPMorgan Chase Financial Company LLC is offering $250,000 of Uncapped Accelerated Barrier Notes linked to the Nasdaq-100 Futures Excess Index, due July 18, 2036, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 3.00x leveraged upside on any positive Index return at maturity, with no cap.

The notes have a barrier at 60.00% of the Initial Value (465.4092, based on an Initial Value of 775.6820). If the Final Value is at or above the barrier, investors receive at least their $1,000 principal per note; if it is below, losses match the full Index decline, up to a complete loss of principal. The notes pay no interest, are unsecured, are not bank deposits or FDIC insured, and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $12 of fees, with estimated value at issuance of $959.60 per $1,000.

JPMorgan Chase Financial Company LLC is offering Capped GEARS, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the S&P 500 Index for a 14‑month term. Each Security has a $10 principal amount and pays no interest or dividends.

At maturity, if the Underlying Return is positive, holders receive $10 plus 3.00 times the Underlying Return, capped at a Maximum Gain between 13.35% and 15.35%. If the Underlying Return is zero, only the $10 principal is repaid. If the Underlying Return is negative, repayment is $10 plus the Underlying Return, giving full downside exposure to the index and potentially a total loss of principal. The indicative estimated value is below the issue price, and secondary market prices may be lower. The notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. J.P. Morgan has also made $400,000 of unconditional donations to Hope & Heroes that are separate from this offering and not structured to meet Social Bond Principles.

JPMorgan Chase Financial Company LLC is offering uncapped buffered return enhanced notes due August 15, 2028, linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index. The notes provide at maturity at least 1.336x any positive return of the lesser-performing index.

The structure includes a 10% downside buffer; if either index falls by more than 10%, principal is reduced 1% for each additional 1% decline in the lesser-performing index, up to a 90% loss of principal. The notes pay no interest, provide no dividends, and are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to both entities’ credit risk.

The minimum denomination is $1,000. If priced on the reference date given, the estimated value would be about $983.10 per $1,000, and at pricing it will not be less than $900.00, reflecting embedded structuring and hedging costs. The notes will not be listed, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering $1,815,000 of unsecured Contingent Interest Notes due July 18, 2031, linked to the lesser performing of the S&P 500 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a quarterly contingent interest rate of 8.40% per annum ($21 per $1,000) only if on each Review Date both indices are at or above 75% of their Initial Values; otherwise no interest is paid for that period. At maturity, if both Final Values are at or above 70% of Initial Value, investors receive principal plus the final contingent coupon (if due). If either index finishes below its Trigger Value, the payoff is reduced one-for-one with the decline in the lesser performing index, exposing investors to losses greater than 30% and potentially a total loss of principal.

The Initial Values are 7,572.40 for the S&P 500 and 2,976.259 for the Russell 2000. The issuer’s estimated value is $982.90 per $1,000 note, below the $1,000 issue price, reflecting structuring and hedging costs. The notes are not listed, may be illiquid, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $550,000 in Callable Contingent Interest Notes linked to the lesser performance of the KraneShares CSI China Internet ETF (KWEB) and the iShares China Large-Cap ETF (FXI), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 12.50% per annum Contingent Interest (3.125% quarterly) only if, on a Review Date, the closing price of one share of each Fund is at or above 65.00% of its Initial Value (Interest Barrier). The Initial Values are $27.00 for KWEB and $34.28 for FXI, with corresponding barriers of 17.55 and 22.282. The issuer may redeem the notes early, in whole but not in part, on any Interest Payment Date from January 21, 2027 (excluding the first and final dates), at $1,000 plus any due Contingent Interest.

If not redeemed early and the Final Value of each Fund on July 16, 2029 is at or above its Trigger Value (65.00% of Initial Value), investors receive $1,000 plus the final Contingent Interest. If either Fund finishes below its Trigger Value, the maturity payment is $1,000 + ($1,000 × Lesser Performing Fund Return), so investors lose 1% of principal for each 1% decline in the Lesser Performing Fund and can lose their entire investment. The notes are unsecured, unsubordinated obligations, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to the public is $1,000 per note; the estimated value at pricing is $970.40 per $1,000, reflecting selling commissions, structuring fees, and hedging-related costs.

JPMorgan Chase Financial Company LLC is offering Step Down Trigger Autocallable Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Nasdaq-100 Index® and the Russell 2000® Index, maturing on or about July 19, 2029.

The Notes pay no interest. They are automatically called if on an Observation Date each index is at or above its Initial Value (after an initial one-year non-call period), or if on the Final Valuation Date each is at or above its Downside Threshold. The Call Return Rate is at least 11.40% per annum, with Call Prices rising over time up to at least $13.420 per $10 at maturity. If the Notes are not called and either index finishes below its Downside Threshold, repayment is $10 × (1 + Lesser Performing Underlying Return), exposing investors to a loss of principal down to zero.

The issue price is $10 per Note, with selling commissions to UBS of up to $0.25 per $10 and an estimated initial value of approximately $9.552 per Note (not less than $9.20). The Notes are unsecured obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may be treated as prepaid financial contracts for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $168,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing July 18, 2031, in minimum denominations of $1,000.

The notes pay a quarterly Contingent Interest Payment of $26.75 per $1,000 (a 10.70% p.a. rate) on each Review Date where the Index closes at or above 60.00% of the Initial Value, with unpaid coupons accruing if later barriers are met. The notes are automatically called, starting July 15, 2027, if on any applicable Review Date the Index is at or above the Initial Value of 4,336.84, returning principal plus due and unpaid contingent interest.

If not called, and the Final Value is at least the Trigger Value equal to 60.00% of the Initial Value, investors receive full principal plus due contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Index Return), exposing investors to losses greater than 40% and up to a complete loss of principal. The Index includes a 6.0% per annum daily deduction and can employ leverage up to 500% in E-mini S&P 500 futures, creating significant performance and volatility risks. The estimated value on the pricing date is $889.50 per $1,000 note, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering $575,000 of unsecured Digital Barrier Notes linked to the common stock of Broadcom Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination, prices at 100% of principal, and carries selling/structuring fees of $11 per $1,000, leaving $989 in proceeds to the issuer; the estimated value at pricing was $978 per $1,000.

The notes pay no interest or dividends. At maturity on August 24, 2027, if Broadcom’s final stock price is at least 50.00% of the initial price ($197.14, based on an Initial Value of $394.28), investors receive principal plus a fixed 14.00% Contingent Digital Return, regardless of further upside. If the final price is below the 50% barrier, repayment equals $1,000 plus the stock return, resulting in losses of more than 50% of principal and possibly a total loss.

The notes are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits or FDIC insured, and will not be listed on an exchange, so liquidity may be limited and secondary prices are expected to be below the issue price. The issuer may accelerate the notes upon certain delisting events of the reference stock, which could also result in a loss.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about July 31, 2026, settle on or about August 5, 2026, and mature on August 5, 2031, in minimum denominations of $1,000.

Investors may receive a Contingent Interest Payment on each monthly Review Date only if the closing level of each index is at or above 70% of its Initial Value (the Interest Barrier). The indicative Contingent Interest Rate is at least 12.35% per annum, paid at a rate of 1.02917% per month. The issuer may redeem the notes early, in whole, on any Interest Payment Date other than the first, second and final ones, with the earliest potential call date on November 5, 2026.

If the notes are not redeemed early and, on the final Review Date, the Final Value of any index is below its Trigger Value of 60% of Initial Value, repayment of principal is reduced 1% for every 1% decline of the least performing index, down to zero. If each index finishes at or above its Trigger Value, principal is repaid in full and any final Contingent Interest Payment is made. The notes are unsecured, not bank deposits, and any payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value, if priced today, would be about $973.20 per $1,000 note and will not be less than $950.00 per $1,000 when set.

JPMorgan Chase Financial Company LLC is offering $500,000 of Digital 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 pay a fixed Contingent Digital Return of 11.40% at maturity on August 19, 2027 if, on the August 16, 2027 observation date, the final level of each index is at least 70.00% of its initial level.

If any index finishes below its 70.00% Barrier Amount, repayment is based on the Least Performing Index Return, resulting in a loss of 1% of principal for each 1% decline in that index from its initial level; investors can lose more than 30% and up to all of their principal. The notes pay no interest, do not provide dividends from index constituents, are unsecured and unsubordinated obligations of JPMorgan Financial, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on an exchange, and secondary market prices are expected to be below the $1,000 issue price, which includes selling commissions and hedging-related costs; the initial estimated value is $988.40 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Auto Callable Buffered Return Enhanced Notes linked to the EURO STOXX 50® Index. Each note has a $1,000 price to the public, with total issuance of $1,600,000.

On the July 28, 2027 Review Date, if the Index closes at or above the Initial Index Level of 6,265.58, the notes are automatically called and pay $1,000 plus a 15.10% call premium on the August 2, 2027 Call Settlement Date. If not called and the Index is above the Initial level on the July 17, 2028 Valuation Date, maturity payment equals $1,000 + ($1,000 × Index Return × 1.50).

If the Ending Index Level is between 90% and 100% of the Initial Level, investors receive only the $1,000 principal (10% Buffer Amount). Below this buffer, principal losses accelerate at a 1.11111× Downside Leverage Factor, up to total loss at a 100% Index decline. The Original Issue Date is expected on or about July 20, 2026, with maturity on July 20, 2028. Underwriting fees are $15 per note, for issuer proceeds of $985 per note, and the estimated value at pricing is $981.80 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Enhanced Participation Basket-Linked Notes due 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount, pays no interest and is linked to an unequally weighted equity basket of the EURO STOXX 50 (40%), TOPIX (25%), FTSE 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%).

The basket starts at 100 and is measured from a trade date on or about July 22, 2026 to an October 20, 2027 determination date, with maturity on October 22, 2027. Investors receive 1.50x upside participation in basket gains, capped at a maximum settlement amount expected between $1,237.75 and $1,279.00 per $1,000 note. A 7.50% buffer applies: if the basket falls up to 7.50%, principal is repaid; below that, losses are leveraged by a buffer rate of about 1.0811, and investors can lose their entire investment. Estimated value at issuance is expected between $978.50 and $988.50 per $1,000, reflecting selling commissions of up to 0.92% and hedging and structuring costs. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is issuing $651,000 principal amount of Auto Callable Notes linked to the J.P. Morgan Large-Cap Dynamic 5 Index, due July 20, 2033, in minimum denominations of $1,000. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC and are fully and unconditionally guaranteed by JPMorgan Chase & Co., and all payments are subject to their credit risk.

The notes may be automatically called on any Review Date from July 20, 2027 through July 15, 2032 if the Index closing level is at least 101.25% of the Initial Value, paying $1,000 plus a fixed Call Premium Amount of 8.00% to 48.00% of principal, depending on the call date. If not called, at maturity investors receive $1,000 plus an Additional Amount equal to $1,000 × Index Return × 100% Participation Rate, floored at zero, so principal is repaid in full but upside is entirely contingent on Index performance. The Initial Value was 252.74 on the pricing date. The notes pay no interest or dividends. The price to public is $1,000 per note, including $36.50 in fees and commissions, with proceeds to the issuer of $963.50 per note; the estimated value was $925.70 per $1,000 at pricing, reflecting selling, structuring and hedging costs.

JPMorgan Financial is offering $756,000 of Auto Callable Contingent Interest Notes linked to IBM stock, maturing July 19, 2029 and guaranteed by JPMorgan Chase & Co. The notes pay a 13.15% per annum Contingent Interest Rate (3.2875% quarterly) only for Review Dates when IBM’s closing price is at or above an Interest Barrier set at 50.00% of the Initial Value.

The notes are automatically called, returning $1,000 principal plus the applicable interest, if on any non‑first, non‑final Review Date IBM closes at or above the Initial Value; the earliest call date is January 19, 2027. If not called, and the Final Value is at or above the Trigger Value (also 50.00% of the Initial Value), investors receive principal plus the final contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + ($1,000 × Stock Return), so investors lose 1% of principal for each 1% IBM has fallen from the Initial Value, potentially losing all principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $27.50 in selling commissions, with an issuer estimated value of $951.20 per note. The IBM closing price on July 16, 2026 was $219.05, and the notes are expected to settle on or about July 21, 2026.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 29, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of Bloom Energy Class A, CoreWeave Class A and Intel common stock, each treated individually rather than as a basket.

Investors may receive a Contingent Interest Payment of at least $20.8333 per $1,000 (at least 25.00% per annum, paid monthly) for any Review Date where every stock closes at or above its Interest Barrier of 60.00% of its Initial Value. Missed coupons can be paid later if the barrier condition is met.

The notes are auto callable on specified Review Dates starting January 25, 2027 if each stock is at or above 80.00% of its Initial Value, returning $1,000 plus due and unpaid contingent interest. If held to maturity and any stock finishes below its 50.00% Buffer Threshold, principal is reduced by the decline of the weakest stock beyond the 50.00% Buffer Amount, up to a 50.00% loss of principal.

The minimum denomination is $1,000. If priced on the indicated date, the estimated value would be about $889.10 per $1,000 note, and will not be less than $850.00 per $1,000 when set. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and will not be listed on any exchange.

JPMorgan Chase Financial Company LLC is issuing $3,400,000 of Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and Nasdaq-100 Index®, maturing on August 19, 2027, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no coupons but offer a fixed Contingent Digital Return of 17.50% at maturity if the Final Value of each Index is at or above its Initial Value. If any Index is below its Initial Value but all remain at or above 60% of Initial Value (the Barrier Amount), investors receive only principal back. If any Index finishes below its 60% Barrier, repayment is reduced 1% for every 1% decline in the Least Performing Index, exposing investors to losses of more than 40% and up to 100% of principal.

The notes are issued in $1,000 minimum denominations, priced at $1,000 per note with selling fees reducing net proceeds to $992.7776 per note. The estimated value at pricing was $987.40 per $1,000, reflecting embedded selling, structuring and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange and may have limited or no liquidity.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500 Index with a term from July 20, 2026 to July 30, 2027. The notes provide a fixed Contingent Digital Return of 8.50% per $1,000 principal if, on the valuation date, the S&P 500 closing level is at or above the Index Strike Level of 7,543.59 or has fallen by no more than the 20.00% Contingent Buffer Amount. In that case, the payment at maturity is $1,085 per $1,000 note.

If the Index has declined by more than 20.00% from the strike level, the notes repay $1,000 plus the Index Return, resulting in 1:1 downside exposure beyond the 20% buffer and potential loss of all principal. The price to the public is $1,000 per note, including $10 in fees, for a total offering of $750,000 and issuer proceeds of $742,500. The estimated value at pricing is $986 per $1,000 note, reflecting selling commissions and hedging and structuring costs. The notes are unsecured obligations, not bank deposits or FDIC insured, and involve significant market, liquidity, valuation and tax risks highlighted in the risk and tax sections.

JPMorgan Chase Financial Company LLC is offering Capped Accelerated Barrier Notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target 1.20x any Index appreciation, capped at a Maximum Return of at least 76.20%, and mature on July 25, 2031.

The structure provides principal repayment at maturity if the Final Index Value is at or above a Barrier Amount set at 60% of the Initial Value; if the Final Value falls below this barrier, principal is reduced one-for-one with the Index decline, potentially to zero. The notes pay no interest or dividends, are issued in minimum denominations of $1,000, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

If priced on the example date, the estimated economic value would be about $942.40 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs. The underlying Russell 2000® Index last closed at 2,976.259 on July 15, 2026, and the issuer highlights material risks including potential loss of more than 40% of principal, lack of liquidity, complex tax treatment and secondary market values likely below the original issue price.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on July 25, 2031. The notes may be automatically called on July 28, 2027 if the Index is at or above a preset Call Value, in which case holders receive $1,000 plus a Call Premium Amount of at least $100 per $1,000 and no further payments.

If not called and the Index has risen at maturity, investors receive an uncapped payoff of 1.51 times the Index’s percentage gain. If the Final Value is at or above a barrier level but not above the initial level, principal is returned. If the Final Value is below the barrier, repayment is reduced 1-for-1 with the Index decline, potentially to zero. The notes pay no interest, provide no 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 reference date in the document, the estimated value would be $940.40 per $1,000, and at issuance it will not be less than $900.00 per $1,000, reflecting embedded costs and hedging. The notes will not be listed, and secondary market liquidity and pricing are expected to be limited.

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 have a Contingent Digital Return of 8.13%, capping the maximum payment at $1,081.30 per $1,000 note when conditions are met.

If the Ending Index Level is at or above the Index Strike Level, or down by up to the 25.00% Contingent Buffer Amount, investors receive this fixed 8.13% return. If the Index falls by more than 25.00%, principal is exposed to losses on a 1:1 basis with the Index Return, and investors can lose all principal. The Index Strike Level is 7,543.59, based on the S&P 500 closing level on July 14, 2026.

The notes are priced at $1,000 per note, with total offering size of $1,000,000, selling commissions of $5 per note and issuer proceeds of $995 per note. The estimated value is $991.40 per $1,000 note, reflecting structuring and hedging costs. The notes are unsecured obligations, not FDIC insured, and are intended to be held to maturity on July 30, 2027.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is issuing Digital Buffered Notes linked to the S&P 500 Index under a 424(b)(2) prospectus. The notes offer a fixed Contingent Digital Return of 9.14%, giving a maximum payment at maturity of $1,091.40 per $1,000 principal if the S&P 500 ending level is at or above the initial level, or down by up to the 10.00% Buffer Amount.

If the Index falls by more than the 10% buffer, investors lose principal at a Downside Leverage Factor of 1.11111, so losses accelerate beyond the buffer and can reach a total loss of principal. The Initial Index Level on the pricing date was 7,572.40, with a valuation date of July 28, 2027 and maturity on August 2, 2027. The offering size is $12,751,000 at $1,000 per note, including $10 in fees and commissions, for issuer proceeds of $990 per note. The estimated value at pricing was $987.70 per $1,000, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing Digital Buffered Notes linked to the S&P 500 Index. The notes have a Contingent Digital Return of 11.80%, so if at maturity the S&P 500 ending level is at or above the initial level, or down by up to the 15.00% Buffer Amount, investors receive $1,118 per $1,000 note. If the index is below the initial level by more than 15%, principal is reduced at a Downside Leverage Factor of 1.17647, causing losses that can reach 100% of principal.

The initial index level is 7,572.40, the pricing date is July 15, 2026, and the notes mature on January 20, 2028. The total offering is $9,084,000 in principal, priced at 100% of face value with selling commissions of $12.50 per note and proceeds to the issuer of $987.50 per note. The estimated value at issuance is $982.80 per $1,000, reflecting embedded structuring and hedging costs. The notes are unsecured obligations, not bank deposits and not FDIC insured, and involve complex risk and tax considerations, including potential changes in U.S. tax rules for prepaid financial contracts.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Contingent Income Auto-Callable Securities due July 27, 2029 linked to the common stock of ServiceNow, Inc. Each security has a $1,000 stated principal amount and is subject to full principal risk.

Investors may receive a contingent quarterly payment of at least $45.50 (4.55% of principal) per security for each determination date on which the ServiceNow stock closing price is at or above the downside threshold level, set at 50% of the initial stock price. If on any determination date (other than the final one) the stock closes at or above the initial stock price, the notes are automatically redeemed for principal plus the applicable contingent payment and any previously unpaid contingent payments.

If not redeemed early and the final stock price is at or above the downside threshold, investors receive principal plus the final contingent payment (and any unpaid prior contingent payments). If the final stock price is below the downside threshold, repayment is $1,000 × (final stock price / initial stock price), resulting in less than 50% of principal and potentially zero. The estimated value is approximately $953.20 per $1,000 security and will not be less than $930.00, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

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 total offering is $15,000 in notes, each with a $1,000 denomination, priced at 100% of principal.

The notes may be automatically called on quarterly Review Dates from January 15, 2027 through July 16, 2029 if the Index is at or above the Call Value (100% of the Initial Value). In that case, holders receive $1,000 plus a Call Premium that steps up from 9.70% on the first Review Date to 58.20% on the final Review Date, and the notes terminate.

If not called, at maturity on July 19, 2029 investors receive principal back only if the Final Index Value is at or above the Barrier Amount of 60% of the Initial Value (8,530.224 versus an Initial Value of 14,217.04). If the Final Value is below the Barrier, repayment equals $1,000 plus $1,000 × Index Return, exposing investors to losses greater than 40% and potentially 100% of principal.

The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost on the QQQ Fund, uses a 35% target volatility with exposure between 0% and 500%, and is an excess return index expected to lag a comparable index without these deductions. The price to public is $1,000 per note, including $50 of selling commissions, with issuer proceeds of $950 per note and an estimated value of $908.40 per note at pricing.

JPMorgan Chase Financial Company LLC is issuing Trigger Step Securities, unsecured obligations fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index. The total offering is $9,563,550, with a price of $10 per security and a 5‑year term maturing on July 17, 2031.

If on the final valuation date the level of each index is at or above its Step Barrier, investors receive principal plus the greater of a fixed Step Return of 53.60% or the return of the lesser performing index. If either index finishes below its Step Barrier but both remain at or above their Downside Thresholds (75% of initial levels), only principal is repaid. If either index finishes below its Downside Threshold, repayment is reduced in proportion to the negative return of the lesser performer, up to a total loss of principal.

The notes pay no interest or dividends, are not FDIC insured, and expose holders to both market risk of the indices and the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $9.523 per $10 security. Separately, J.P. Morgan has made $400,000 in unconditional donations to Hope & Heroes, which are not tied to sales of the securities and do not qualify the issue as a Social Bond.

JPMorgan Chase Financial Company LLC is offering $1,558,000 of Auto Callable Dual Directional Accelerated Barrier 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 have a minimum denomination of $1,000, priced on July 15, 2026 and expected to settle on or about July 20, 2026, with maturity on July 19, 2029.

The notes may be automatically called on July 21, 2027 if each index is at or above its Call Value (100% of its Initial Value), paying $1,222.50 per $1,000 note (principal plus a $222.50 Call Premium Amount). If not called, at maturity investors receive: (1) $1,000 plus 1.50x the appreciation of the least performing index if all Final Values exceed Initial Values; (2) a dual-directional payoff equal to the absolute return of the least performing index (capped at 30%, maximum $1,300 per $1,000) if all Final Values are at or above the Barrier Amount of 70% of Initial Value; or (3) full downside exposure to the least performing index if any Final Value is below its Barrier Amount, with potential loss of all principal.

The price to public is $1,000 per note, including $9.50 in selling commissions, for issuer proceeds of $990.50 per note. The estimated value at pricing was $976.60 per $1,000 note, reflecting internal funding and hedging costs. The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may have limited or no liquidity. Tax counsel views it as reasonable to treat the notes as prepaid financial contracts that are open transactions for U.S. federal income tax purposes, though the IRS could challenge this treatment.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Return Enhanced Notes linked to the S&P 500 Index. Each note has a $1,000 face amount and an initial index level of 7,572.40.

On the July 28, 2027 review date, if the S&P 500 closing level is at or above the initial level, the notes are automatically called and pay $1,099 per $1,000 note, reflecting a 9.90% call premium. If not called and the index is higher at the July 14, 2028 valuation date, investors receive leveraged upside equal to the index gain times the 1.50 Upside Leverage Factor at maturity on July 19, 2028.

If the ending index level is between 85% and 100% of the initial level, principal is returned. Below the 15.00% Buffer Amount, losses increase at a 1.17647 Downside Leverage Factor, potentially up to a 100% loss of principal. The offering totals $5,768,000, with an estimated value of $983.60 per $1,000 note, reflecting selling commissions, hedging costs and issuer funding levels. The notes are unsecured, not FDIC insured, may have limited liquidity, and are subject to complex tax and secondary-market valuation considerations.

JPMorgan Chase Financial Company LLC is offering $7,228,000 of Uncapped Digital Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing July 18, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide uncapped, unleveraged exposure to index appreciation with a 65.00% Contingent Digital Return if all indices finish at or above their initial levels, and full principal return if any index is below its initial level but all are at or above 70.00% Barrier Amounts. If any index finishes below its barrier, repayment is reduced one-for-one with the least performing index, potentially to zero. The price to public is $1,000 per note, including $33.50 in selling commissions, for issuer proceeds of $966.50 per note; the estimated value at pricing was $945.90, reflecting structuring and hedging costs. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited and potentially discounted secondary market liquidity.

JPMorgan Chase Financial Company LLC is issuing unsecured Trigger GEARS linked to an unequally weighted basket of five equity indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $8,948,300, priced at $10 per Security, with a minimum investment of $1,000. The basket includes the EURO STOXX 50, Nikkei 225, FTSE 100, Swiss Market Index and S&P/ASX 200, with respective weights of 40.00%, 25.00%, 17.50%, 10.00% and 7.50%. The Initial Basket Value is set to 100 and the Downside Threshold is 75% of that level.

At maturity on July 17, 2031, if the Basket Return is positive, holders receive principal plus the Basket Return multiplied by an Upside Gearing of 1.90. If the Basket Return is zero or negative but the Final Basket Value is at or above the Downside Threshold, principal is repaid. If the Final Basket Value is below the Downside Threshold, repayment is reduced dollar-for-dollar with the negative Basket Return, and investors may lose all principal. The Securities pay no interest, provide no dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $9.859 per $10 Security, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing Trigger Autocallable GEARS, unsecured notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the Swiss Market Index. The total offering is $4,601,930, in $10 denominations.

If on July 21, 2027 the index closes at or above 100% of its initial level, the notes are automatically called and pay a 20.00% Call Return, for a total of $12.00 per $10, with no further upside. If not called and the index shows a positive return at July 2031 maturity, investors receive principal plus the index return times 2.10 Upside Gearing. If the final index level is at or above 75% of the initial level after a flat or negative return, only principal is repaid. Below 75%, repayment is fully exposed to the index decline, down to a total loss of principal.

The notes pay no interest, provide no dividends, and carry credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Price to public is $10.00, while the estimated value is $9.616 per note. JPMorgan and its affiliates have made $400,000 of unconditional donations to Hope & Heroes, separate from this issuance.

JPMorgan Chase Financial Company LLC is issuing Trigger Absolute Return Step Securities, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). The total offering is $6,269,900, at $10 per security, with a 5‑year term from July 15, 2026 to July 17, 2031.

The Initial Basket Value is set to 100. If the Final Basket Value is at or above the Step Barrier of 100, investors receive principal plus the greater of a fixed Step Return of 45.50% or the Basket Return. If the Final Basket Value is below the Step Barrier but at or above the Downside Threshold of 75, investors receive principal plus the Contingent Absolute Return, equal to the absolute value of the Basket Return.

If the Final Basket Value is below the Downside Threshold, repayment equals principal plus the (negative) Basket Return, exposing investors to full downside and potential total loss of principal. The notes pay no interest, provide no dividends, and any payment is subject to the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $9.488 per $10 security, below the issue price due to selling commissions and hedging costs. JPMorgan and affiliates have made $400,000 in irrevocable donations to Hope & Heroes, which are not contingent on sales and do not affect terms.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Contingent Buffered Notes linked to the S&P 500® Index. These are long-dated structured notes with a strike set on the strike date and a valuation date of July 16, 2036, maturing July 21, 2036.

At maturity, if the Index is at or above the strike, or down by up to the 10.00% Contingent Buffer Amount, investors receive a fixed Contingent Digital Return of at least 109.80%, for a maximum payment of $2,098.00 per $1,000. If the Index falls more than 10% below the strike, principal is exposed 1-for-1 to the Index Return and can be fully lost.

The indicative estimated value is $950.30 per $1,000 note, and will not be less than $940.00 at pricing, reflecting selling commissions, hedging costs and dealer profit. The notes are unsecured obligations, not bank deposits, and involve complex tax and market risks, including limited liquidity and potential adverse U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering $149,000 of Auto Callable Accelerated Barrier 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 at par, with selling commissions of $50 and issuer proceeds of $950 per note. The notes may be automatically called on scheduled Review Dates starting July 19, 2027 if the Index is at or above the Call Value, paying back principal plus a fixed premium of 20.90%–41.80% depending on the call date.

If not called and the Final Index Value exceeds the Initial Value of 4,336.84, investors receive an uncapped leveraged payoff of 5.00× the Index gain. If the Final Value is between the Initial Value and the Barrier Amount of 50% of the Initial Value (2,168.42), principal is returned. If the Final Value is below the Barrier, repayment is reduced one-for-one with the Index loss, up to complete loss of principal. The underlying Index is an excess-return, volatility-targeting futures index with up to 500% leverage and a 6.0% per annum daily deduction, which creates a persistent drag on performance.

The notes pay no interest, do not provide dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. They will not be listed, and secondary market liquidity will depend on JPMS. The estimated value at pricing was $884.80 per $1,000 note, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing Auto Callable Buffered Return Enhanced Notes linked to the iShares MSCI Japan ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide 1.25x leveraged upside to positive ETF performance if not called, and a 20% downside buffer with losses beyond that magnified by a 1.25 downside factor.

The notes may be automatically called on July 27, 2027 if the fund’s price is at or above the $93.89 Share Strike Price, paying $1,000 plus a 14.55% call premium per note on July 30, 2027. If held to maturity on July 19, 2028 and not called, investors receive leveraged gains when the Final Share Price exceeds the strike, principal back if the decline is within 20%, and proportional losses beyond that buffer.

The offering totals $500,000 at $1,000 per note, with selling commissions of $15 per note and issuer proceeds of $985 per note. The estimated value is $972.40 per $1,000 note, reflecting embedded fees and hedging costs. The notes pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on July 27, 2032. The notes can be automatically called as early as July 26, 2027 if the Index closes at or above 100% of its Initial Value.

Upon an automatic call, holders receive $1,000 plus a predefined Call Premium Amount that steps up over 21 Review Dates, reaching at least 158.7000% × $1,000 on the final Review Date. If not called and the Final Value is at or above 50% of the Initial Value, investors receive principal back at maturity.

If the Final Value is below the 50% Barrier Amount, repayment is $1,000 plus $1,000 × Index Return, exposing investors to losses greater than 50% and potentially a total loss. The Index embeds a 6.0% per annum daily deduction and can employ up to 500% leverage, which, along with issuer and guarantor credit risk, significantly affects performance. The estimated value is approximately $922.80 per $1,000 note and will not be less than $900.00 when set.

JPMorgan Chase Financial Company LLC is offering $1,851,000 of Auto Callable Accelerated Barrier Notes linked individually to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes price at $1,000 per note and are expected to settle on or about July 20, 2026, with maturity on July 19, 2029, unless automatically called on or after the Review Date of July 21, 2027.

If, on the Review Date, each index is at or above its Call Value, the notes are automatically called and pay $1,000 plus a fixed call premium of $271.50 per note; no further payments are made. If not called, at maturity investors receive an uncapped 1.50x upside on any gain of the least performing index, full principal back if all indices remain at or above a 70% Barrier Amount of initial levels, or a 1-for-1 loss with the least performing index below the barrier, up to total loss of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial with payments subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The public offering price is $1,000, including selling commissions of $9.50 per note, for net proceeds of $990.50 to the issuer; the estimated value at pricing is $978.20 per note, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $502,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 9.85% per annum Contingent Interest Rate when the Index is at or above 70% of its Initial Value on a Review Date, with unpaid interest amounts catching up when the barrier is later met. The notes may be automatically called on certain Review Dates from July 15, 2027 onward if the Index is at or above its Initial Value, returning principal plus applicable interest.

If not called, principal is protected only down to a 15% Buffer Amount; if the Final Value is below the 85% Buffer Threshold, investors lose 1% of principal for each 1% decline beyond that, up to an 85% loss. The underlying Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The price to public is $1,000 per note, including fees, while the estimated value at pricing is $909, reflecting embedded costs and issuer funding assumptions.

JPMorgan Financial is offering $542,000 of callable Contingent Interest Notes due July 18, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Russell 2000 Index, the S&P 500 Index and the SPDR S&P Regional Banking ETF.

The notes pay a Contingent Interest Rate of 8.80% per annum (0.73333% per month) only on Review Dates when the closing value of each underlying is at or above 70% of its Initial Value. Early redemption is at the issuer’s option on specified dates starting July 20, 2027. If held to maturity and any underlying finishes below 60% of its Initial Value, investors lose 1% of principal for each 1% decline in the least performing underlying, up to a total loss of principal. The notes are unsecured obligations, not listed, sold in $1,000 denominations at 100% of principal plus fees, with an estimated value of $934.90 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering $2,351,000 of Callable Contingent Interest Notes due June 20, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index.

Investors may receive a 9.45% per annum Contingent Interest Payment (0.7875% per month) for any Review Date on which the closing level of each Index is at or above its Interest Barrier of 75% of its Initial Value. If any Index is below its barrier on a Review Date, no interest is paid for that period. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting January 21, 2027, typically paying $1,000 plus the applicable contingent interest.

If the notes are not redeemed and, on the final Review Date, the Final Value of each Index is at or above its Trigger Value of 60% of Initial Value, holders receive $1,000 plus any final contingent interest. If any Index finishes below its Trigger Value, the maturity payment is reduced by the decline of the Least Performing Index, and investors can lose a substantial portion or all of principal. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The issue price is $1,000 per note, including $10 in fees; the issuer’s estimated value is $966.50 per note.