JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., plans unsecured Auto Callable Contingent Buffered Return Enhanced Notes linked to the Nasdaq-100 Index®. Each note has a $1,000 principal amount.

On the review date, if the index closes at or above the strike level, the notes are automatically called and pay $1,000 plus a call premium of at least 16.50%. If not called, at maturity investors receive leveraged upside: for a positive index return, the payoff is $1,000 plus the index return multiplied by an Upside Leverage Factor of at least 1.50.

If the ending index level is between the strike and 20% below it, principal is returned. Below that 20% contingent buffer, losses increase 1:1 with the index decline, so some or all principal can be lost. The notes are not bank deposits or FDIC insured. The current estimated value is approximately $981.50 per $1,000 note and will not be less than $970.00 when finalized. Secondary market values and tax treatment, including potential application of Section 871(m) for non-U.S. holders, may differ from expectations.

JPMorgan Chase Financial Company LLC is offering $500,000 of Callable Contingent Interest Notes linked to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on January 13, 2028.

The notes pay a 10.50% per annum Contingent Interest Rate (0.875% per month) only for Review Dates when the closing level of each index is at or above 70.00% of its Initial Value (the Interest Barrier). The issuer may redeem the notes early, in whole, on any Interest Payment Date from October 15, 2026, except the first, second and final dates.

If not redeemed early and any index finishes below its 70.00% Trigger Value on the final Review Date, the maturity payment is reduced by the full percentage decline of the Least Performing Index, up to a total loss of principal. The notes are unsecured, unsubordinated obligations with an original price of $1,000 per note and an estimated value of $968.00, offer no participation in index upside or dividends, have limited liquidity, and involve credit and tax risks described in the risk discussions.

JPMorgan Chase Financial Company LLC is offering $8,500,000 of Auto Callable Contingent Interest Notes due January 13, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Russell 2000®, S&P 500® and EURO STOXX 50® indices.

The notes pay a contingent interest rate of 11.10% per annum (2.775% per quarter) only if on a review date each index closes at or above 70.00% of its initial value, the Interest Barrier, and may be automatically called when each index is at or above its initial value. If not called and at maturity any index finishes below 65.00% of its initial value, investors are exposed to one-for-one downside in the least performing index and can lose a significant portion or all of their principal; if all indices are at or above 65.00%, principal is repaid and a final contingent interest payment may be made. The notes are unsecured, will not be listed, and have an estimated value of $989.80 per $1,000, below the issue price, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $646,000 of index-linked Review Notes due July 13, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are tied separately to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index and may be automatically called on July 14, 2027 or July 10, 2028 if each index closes at or above 100% of its Initial Value. On a call, holders receive $1,000 plus a fixed premium of 15.40% or 30.80%, depending on the review date.

If not called, principal is repaid at maturity only if the Final Value of every index is at least 70.00% of its Initial Value. Otherwise, repayment is reduced one-for-one with the decline of the Least Performing Index, exposing investors to losses greater than 30% and up to total principal loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed, and have an estimated value of $955.60 per $1,000, below the issue price because of embedded costs and hedging margins.

JPMorgan Chase Financial Company LLC is issuing $500,000 of Callable Range Accrual Notes linked to the 10-Year CMT Rate due July 14, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued at $1,000 per note, with proceeds of $500,000 to the issuer.

Holders receive their full principal at maturity plus any accrued but unpaid interest, unless the issuer redeems the notes at par on the 14th day of each January, April, July and October from July 14, 2027 through maturity. For each interest period, the annual Interest Rate ranges between 0.00% and 7.60% and depends on how many days the 10-Year CMT Rate is at or below 5.25%; interest is capped at 7.60% per annum and may be 0% if this condition is never met. Interest is determined using the “Actual Days/Variable Days” formula.

The 10-Year CMT Rate is taken from the Federal Reserve H.15 release (Refinitiv page FRBCMT), with JPMorgan’s affiliate acting as calculation agent and empowered to choose a successor or substitute rate if the original series is discontinued. The notes are not bank deposits, are not insured by the FDIC, and may have limited or uncertain secondary market liquidity. The estimated value at pricing is $978.50 per $1,000 note, below the issue price, reflecting internal funding and hedging costs.

JPMorgan Chase & Co. provides an index supplement for structured notes linked to the MerQube US Large Cap Vol Advantage Index®, a rules-based strategy using E‑Mini S&P 500 futures with a 35% implied volatility target, maximum futures exposure of 500% and a continuous 6% p.a. index deduction.

The supplement presents hypothetical backtested and subsequent historical data from January 2005 to June 2026, showing index annualized return of 6.97% versus 8.98% for the S&P 500 and realized volatility of 30.13% versus 19.10%, with 84.9% correlation and average leverage of 229%.

It analyzes simulated performance of 3‑ and 5‑year auto callable contingent interest notes tied to the index or “worst‑of” equity baskets, with interest barriers of 50–60% of initial value and contingent coupons up to 12.50%, including backtested internal rates of return, call frequencies and loss outcomes. Extensive risk disclosures highlight leverage, potential volatility‑targeting shortfalls, volatility drag, daily fee drag, concentration in S&P 500 futures and that all backtests are hypothetical and not indicative of future results.

JPMorgan Chase Financial Company LLC is offering $400,000 of Auto Callable Contingent Interest Notes linked individually to the iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF and EURO STOXX 50 Index, due July 13, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 12.00% per annum contingent coupon (3.00% per quarter) only when each underlying is at or above 75.00% of its Initial Value, and are automatically called if all are at or above their Initial Values on a review date before maturity. If not called and any final value is below the 75.00% Buffer Threshold, investors lose principal beyond a 25.00% buffer, up to 75.00% of principal. The notes are unsecured, not insured by the FDIC, have limited liquidity, and carry JPMorgan credit risk; the estimated value is $973.70 per $1,000 note, below the issue price.

JPMorgan Chase Financial Company LLC is offering $1,498,000 of Uncapped Accelerated Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 Index, maturing on July 13, 2029 and fully guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends. At maturity, if both indices finish at or above 70.00% of their initial levels, principal is returned; if both are above their initial levels, any gain in the lesser performer is multiplied by an Upside Leverage Factor of 1.60. If either index ends below 70.00% of its initial level, principal is reduced one-for-one with the loss of the lesser performer, potentially to zero. The notes are unsecured obligations subject to the credit risk of both issuers, will not be listed, and may trade below the $1,000 issue price. The estimated value is $978.30 per $1,000 note, reflecting selling commissions and hedging costs, and tax treatment relies on a prepaid financial contract characterization that the IRS could challenge.

JPMorgan Chase Financial Company LLC is offering callable structured Review Notes linked to the MerQube US Small-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and matures on August 3, 2029, with minimum denominations of $1,000.

On each scheduled Review Date, beginning August 3, 2027, the notes are automatically called if the Index closes at or above 90% of its Initial Value, paying $1,000 plus a Call Premium of at least 20% on the first Review Date, rising in steps to at least 60% on the final Review Date. If never called and the Final Index Value is at least 70% of the Initial Value (the Barrier), investors receive principal only; below the Barrier, repayment is $1,000 + ($1,000 × Index Return), so losses greater than 30% and up to 100% of principal are possible.

The Index targets 35% volatility via leveraged exposure (up to 500%) to E-mini Russell 2000 futures and is reduced by a 6.0% per annum daily deduction, which drags performance. The notes pay no interest or dividends, are unsecured, subject to JPMorgan credit risk, and are not exchange-listed. Indicative estimated value is about $920 per $1,000 note and will not be less than $900 when finalized.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity on August 8, 2029 and minimum denominations of $1,000.

The notes may be automatically called on review dates in 2027 and 2028 if each index is at or above 100.00% of its Initial Value, paying principal plus a call premium of at least 17.00% or 34.00%, respectively. If held to maturity and both indices finish above their initial levels, investors receive principal plus 1.20 times the gain of the Lesser Performing Index. If either index is between 70.00% and 100.00% of its Initial Value, principal is returned; if either closes below the 70.00% Barrier Amount, repayment is reduced one-for-one with the loss of the lesser performer, up to a total loss of principal.

The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial subject to the credit risk of both issuers, and will not be listed on an exchange, so liquidity may be limited. The estimated value, if priced on the term sheet date, would be about $949.00 per $1,000 note, and when finalized will not be less than $900.00, which is lower than the issue price because it excludes selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $6,444,000 of structured “Review Notes” linked to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, due July 15, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on scheduled Review Dates starting July 14, 2027 if each index closes at or above its Call Value (generally 90% of its Initial Value, dropping to 80% on the final Review Date). Upon an automatic call, holders receive $1,000 plus a Call Premium Amount that steps up from 10.1500% to 50.7500% of principal, after which no further payments are made.

If not called and the Final Value of each index is at least its Barrier Amount (75% of Initial), investors receive principal at maturity. If any index finishes below its Barrier Amount, the payoff is $1,000 + ($1,000 × Least Performing Index Return), so losses match the percentage decline of the worst index and can reach 100% of principal. The notes pay no interest, provide no index dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may trade below the $1,000 issue price. The estimated value at pricing is $981.30 per note, reflecting structuring and hedging costs and an internal funding rate. The issuer and its tax counsel expect to treat the notes as prepaid financial contracts for U.S. tax purposes and expect Section 871(m) withholding not to apply to Non‑U.S. Holders, though the IRS could disagree.

JPMorgan Chase Financial Company LLC is offering $1,200,000 of Callable Contingent Interest Notes linked separately to the Nasdaq-100® Technology Sector and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on January 13, 2028.

The notes pay a 12.40% per annum Contingent Interest, credited monthly, only for Review Dates when each index closes at or above 70% of its Initial Value, the Interest Barrier. JPMorgan may redeem the notes early on specified Interest Payment Dates, as early as October 15, 2026; if redeemed, investors receive $1,000 per note and any Contingent Interest then payable.

If not redeemed and on the final Review Date either index is below its 70% Trigger Value, the maturity payment is reduced by 1% for every 1% decline of the Lesser Performing Index, down to zero, so principal can be largely or fully lost. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $973.40 per $1,000 note, below the $1,000 issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $3,710,000 of unsecured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on July 15, 2032, in $1,000 denominations, pay no interest and offer no principal protection.

The notes are autocallable: on 21 scheduled Review Dates from July 14, 2027 to July 12, 2032, if the Index closing level is at least 85% of its initial level (the Call Value), the notes are called for $1,000 plus a Call Premium Amount, ranging from 16.35% on the first Review Date up to 98.10% on the final Review Date. If not called, and the Final Value is at least 50% of the Initial Value (the Barrier Amount), investors receive only principal at maturity.

If the notes are not called and the Final Value is below the Barrier Amount, the maturity payment is $1,000 plus $1,000 times the Index Return, exposing investors to 1-for-1 downside from the Initial Value and a loss of more than 50% and up to all principal. The underlying Index is a leveraged, rules-based strategy on E-mini S&P 500 futures with a 35% target volatility and a 6.0% per annum daily deduction, which acts as a persistent drag on performance and causes the Index to trail an identical index without such deduction. The estimated value at pricing was $926 per $1,000 note, below the price to public, reflecting structuring and hedging costs and issuer funding assumptions. Credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, complex index mechanics, leverage, and uncertain tax treatment are highlighted as key risks.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., plans to issue auto callable dual directional buffered return enhanced notes linked to the S&P 500® Index, offering equity-linked exposure instead of fixed interest.

The notes may be automatically called on July 30, 2027 if the index closes at or above its initial level, paying $1,000 plus a call premium of at least 10.30% per note. If not called and the index rises, the maturity payment reflects the index gain multiplied by an Upside Leverage Factor of at least 1.50, with no preset cap.

If held to July 20, 2028 and the index has fallen by up to the 20.00% Contingent Buffer Amount, investors receive a positive return equal to the Absolute Index Return, up to $1,200 per $1,000 note. If the index declines by more than 20%, principal is reduced one-for-one with the loss. The notes are unsecured obligations in minimum denominations of $10,000, with an indicative estimated value of about $982 per $1,000 note, and a final estimated value not less than $970 per $1,000 note, and are not bank deposits or FDIC insured.

JPMorgan provides an index supplement describing the MerQube US Tech+ Vol Advantage Index and auto callable contingent interest notes linked to it. The rules-based index targets 35% implied volatility, dynamically adjusting exposure to an unfunded QQQ Fund position between 0% and 500%, and applies a 6.0% per annum daily deduction plus a daily notional financing cost.

Backtested data from January 2005 through June 2026 show the index delivering 13.33% annualized returns with 30.25% realized volatility versus 14.78% and 22.08% for the Nasdaq-100, and an 88.6% realized correlation, but all such results are explicitly hypothetical and not indicative of future performance. The supplement also summarizes 3-year and 5-year auto callable contingent interest notes referencing this index or “worst-of” equity baskets, with interest barriers at 50%–60% of initial value and contingent interest rates up to 12.50%, alongside simulated internal rates of return, call frequencies and loss scenarios.

Risk disclosures highlight leverage up to 500%, volatility drag, periods when the index may be significantly uninvested yet still subject to fees, QQQ Fund tracking and liquidity risks, and conflicts of interest arising from JPMorgan’s role in designing the index and holding a 10% equity interest in the index sponsor, as well as extensive warnings on the limitations of hypothetical backtested index and product performance.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured notes linked to the S&P 500^® Futures Excess Return Index. The notes pay no interest but return the $1,000 principal at maturity plus any positive Index performance multiplied by a Participation Rate of at least 102.00%, if the Index rises.

If the Index is flat or lower on the July 17, 2029 Observation Date, investors receive only principal at the July 20, 2029 maturity, subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co. The notes are issued in $1,000 denominations, are not listed, and may be difficult to sell. If priced on the described date, the estimated value would be about $979.30 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions and hedging costs. Key risks include futures-market volatility, negative roll returns, potential illiquidity, and treatment as contingent payment debt instruments for U.S. tax purposes.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the least performing of the Nasdaq‑100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, due July 13, 2029, in an aggregate principal amount of $653,000. The notes pay a Contingent Interest Rate of 8.25% per annum (0.6875% monthly) only for Review Dates when each index closes at or above 70.00% of its Initial Value; otherwise no interest is paid. From January 11, 2027 onward, the notes are automatically called if on a Review Date (other than specified early and final dates) each index is at or above its Initial Value, returning $1,000 plus the applicable contingent interest, with no further payments. If not called, principal repayment at maturity depends on the worst-performing index: if its Final Value is at least 65.00% of its Initial Value, investors receive full principal (plus any final contingent interest); if it is lower, repayment is reduced one‑for‑one with the index decline, exposing investors to significant loss of principal, up to 100%. The notes are unsecured, unsubordinated obligations, not bank deposits or FDIC‑insured, have limited liquidity and an estimated value of $945.40 per $1,000 at pricing, below the price to public.

JPMorgan Chase Financial Company LLC is offering unsecured auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, due July 19, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors receive a Contingent Interest Payment for any Review Date when the Index closes at or above 70% of its Initial Value; starting July 16, 2027, the notes may be automatically called if the Index meets the Call Value, returning $1,000 plus that period’s interest and ending further payments. If the notes are not called, full principal is repaid at maturity only if the Final Value is at or above the Trigger Value; below that level, repayment decreases in line with the Index decline and may fall to zero.

The Index provides rules-based, leveraged exposure (up to 500%) to E-mini S&P 500 futures with a 35% target volatility and is reduced by a 6.0% per annum daily deduction, which drags performance versus an identical index without this charge. The Contingent Interest Rate will be at least 13.25% per annum, but the notes’ estimated value is below par at about $940.10 per $1,000 if priced on the reference date and will not be less than $920.00 at pricing, and investors bear the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $5,185,000 of Capped Buffered Equity Notes linked to the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured, unsubordinated obligations, issued in $1,000 denominations and maturing on October 14, 2027.

The payoff depends on the Index level on the October 11, 2027 observation date. Upside is unlevered and capped at a 26.00% maximum return (maximum payment $1,260 per $1,000). A 15.00% buffer protects against moderate declines; beyond this, losses are amplified by a 1.17647 downside leverage factor, so investors may lose some or all principal. The notes pay no interest or dividends and are not FDIC insured. The estimated value at pricing was $994.00 per $1,000, below the issue price, reflecting structuring and hedging costs. Key risks include credit risk of JPMorgan Financial and JPMorgan Chase & Co., limited or no secondary market liquidity, small-cap equity volatility, and complex U.S. tax treatment, including reliance on an “open transactions” characterization and analysis under Section 871(m).

JPMorgan Chase Financial Company LLC is offering $1,102,000 of unsecured Review Notes linked individually to the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, fully guaranteed by JPMorgan Chase & Co. The notes may be automatically called from July 14, 2027 if each index closes at or above 90% of its Initial Value (80% on the final review date), paying back principal plus a fixed Call Premium of 9.75% to 48.75% of face value depending on the call date.

If not called, investors receive principal at maturity on July 15, 2031 only if the Final Value of each index is at least its 75% Barrier Amount; otherwise repayment is reduced one-for-one with the decline of the Least Performing Index, potentially to zero. The notes pay no interest or dividends, are not FDIC insured, and carry the credit risk of both the issuer and guarantor.

The minimum denomination is $1,000. JPMorgan’s estimated value at pricing was $979.20 per $1,000 note, lower than the price to public due to structuring fees, hedging costs and dealer compensation. The product also involves limited liquidity, small‑capitalization exposure via the Russell 2000, complex U.S. tax treatment and potential conflicts of interest from JPMorgan’s multiple roles.

JPMorgan Chase Financial Company LLC is offering $6,782,000 of unsecured structured Review Notes linked to the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on July 15, 2032.

The notes may be automatically called on quarterly Review Dates starting July 14, 2027 if each Index closes at or above 92.00% of its Initial Value. In that case, investors receive $1,000 plus a Call Premium Amount that starts at 10.2500% and steps up to 61.5000% of principal on the final Review Date.

If the notes are not called and the Final Value of any Index is below 75.00% of its Initial Value, repayment is reduced dollar-for-dollar with the Least Performing Index Return, and principal loss can reach 100%. The notes pay no interest or dividends, carry credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not FDIC insured, have limited liquidity, and had an estimated value of $978.70 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering $677,000 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 mature on July 15, 2031 and are issued in $1,000 denominations.

Holders may receive a Contingent Interest Payment at 9.60% per annum (0.80% per month) for any Review Date on which the Index closes at or above 70% of its Initial Value, with missed coupons potentially paid later. Starting July 12, 2027, the notes are automatically called if, on certain Review Dates, the Index is at or above its Initial Value, returning $1,000 plus due interest.

If the notes are not called and the Final Index Value is below the 85% Buffer Threshold, principal is reduced 1% for each 1% Index decline beyond the 15% buffer, with up to 85% of principal at risk. The Index incorporates a 6.0% per annum daily deduction and a notional financing cost, uses dynamic leveraged exposure up to 500% to the Invesco QQQ Fund, and is expected to trail an equivalent index without these deductions. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.; the estimated value on the pricing date was $912.20 per $1,000 principal amount, below the $1,000 issue price due to fees, hedging costs and dealer profits.

JPMorgan Chase Financial Company LLC is offering $4,144,000 principal amount of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on July 15, 2032, in $1,000 denominations.

The notes may pay a 17.75% per annum contingent interest (1.47917% monthly) for each monthly review date when the index closes at or above 70% of its initial level, and will be automatically called on quarterly Autocall Review Dates, starting January 11, 2027, if the index is at or above its initial level, returning $1,000 plus the applicable interest. If not called and the final index level is below the 50% Trigger Value, investors lose 1% of principal for each 1% index decline, up to a total loss. The MerQube index embeds up to 500% leveraged exposure to E-mini S&P 500 futures and a 6.0% per annum daily deduction, creating performance drag; investors face market, leverage, fee-drag, liquidity and credit risk, and the estimated value at pricing was $924.90 per $1,000 note versus a $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $250,000 of unsecured Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, due July 13, 2029 and fully guaranteed by JPMorgan Chase & Co.

At maturity, investors receive 1.60 times any positive return of the least performing index; if any index finishes at or below its initial level but all remain at or above 60% of initial, only principal is returned. If any index closes below 60% of initial, principal is reduced 1% for each 1% decline in the least performer, up to total loss. The notes pay no interest or dividends, have an estimated value of $982.90 per $1,000 versus a $1,000 issue price, are not FDIC insured, carry the credit risk of both issuers and may be illiquid, with any secondary prices expected to be below the original price.

JPMorgan Chase Financial Company LLC is offering $3,803,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500 Futures Excess Return Index, due July 15, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide 1.885x leveraged upside if the index rises, and an uncapped, unleveraged positive return equal to the absolute value of index declines up to a 20.00% buffer; beyond that, investors lose 1% of principal for each additional 1% decline, with up to 80.00% loss (minimum $200 per $1,000). The notes pay no interest, are unsecured and unsubordinated, and are subject to the credit risk of both the issuer and guarantor. They are sold in $1,000 denominations at $1,000 per note, with an estimated value of $968.10 and net proceeds of $3,760,415 after $42,585 of fees. The notes will not be listed, so liquidity depends on JPMS making a secondary market.

JPMorgan Chase Financial Company LLC is offering $288,000 of capped buffered return enhanced notes linked to the iShares MSCI EAFE ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest and do not pass through ETF dividends. At maturity, investors receive 2.00 times any positive ETF return, capped at a 22.85% maximum return (maximum payment $1,228.50 per $1,000 note). If the ETF is flat or down by up to the 10.00% buffer, principal is returned.

If the ETF declines by more than 10.00%, principal loss is linear beyond the buffer, up to a 90.00% loss ($100 back if the ETF falls 100%). The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value was $972.70 per $1,000 note, below the issue price due to selling, structuring and hedging costs. They are not bank deposits and are not FDIC insured, and secondary-market liquidity and U.S. tax treatment are important additional risks.

JPMorgan Chase Financial Company LLC is offering $703,000 of auto‑callable structured notes (“Review Notes”) due July 15, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note is linked individually to the Nasdaq‑100 Technology Sector, Russell 2000 Index and S&P 500 Index, not to a combined basket.

The notes may be automatically called on scheduled Review Dates starting July 14, 2027 if each index is at or above 100% of its Initial Value, paying back principal plus a fixed Call Premium that steps from 11.60% on the first Review Date up to 46.40% on the final one. If never called and, on the final Review Date, each index is at or above its Barrier Amount of 70% of its Initial Value, investors receive principal only; otherwise repayment is reduced 1‑for‑1 with the decline of the least performing index, resulting in losses greater than 30% and potentially a full loss of principal.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are not FDIC‑insured. The price to public is $1,000 per note, including $37.50 in selling commissions, while the issuer’s estimated value is $934.20 per note, reflecting embedded costs and hedging economics.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,803,000 of auto callable contingent interest notes due July 13, 2029, linked on a worst-of basis to the Nasdaq-100 Index, the Russell 2000 Index and the SPDR S&P Regional Banking ETF. The notes pay a Contingent Interest Rate of 8.60% per annum (0.71667% monthly) only for Review Dates when the closing value of each underlying is at least 70.00% of its Initial Value; missed coupons can be paid later if the condition is subsequently met.

The notes are automatically called, as early as January 11, 2027, if on an eligible Review Date each underlying is at or above its Initial Value, returning $1,000 per note plus applicable interest, with no further payments. If not called, and on the final Review Date any underlying finishes below its 55.00% Trigger Value, the repayment is reduced one-for-one with the loss of the worst-performing underlying (for example, a -55.00% return yields $450 per $1,000). Investors thus face the risk of losing a significant portion or all principal, receiving no interest, and limited upside to coupon payments.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $957.50 per $1,000 at pricing, below the issue price, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes are not listed, secondary liquidity may be limited and prices are expected to be below par. U.S. tax treatment is complex; the issuer intends to treat the notes as prepaid forward contracts with associated contingent coupons, and Non-U.S. investors may face 30% withholding on contingent interest.

JPMorgan Chase Financial Company LLC plans to issue auto callable contingent interest notes due July 21, 2031, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon at a rate of at least 8.50% per annum when the index closes at or above 51% of its initial level; unpaid coupons accrue and may be paid later when the barrier is met. Starting July 16, 2027, the notes are automatically called quarterly if the index is at or above its initial level, returning $1,000 per note plus due coupons. If not called and the final index level is at least 85% of the initial level, investors receive full principal plus due coupons; below that buffer threshold, principal is reduced 1% for each 1% index decline beyond a 15% buffer, for a maximum loss of up to 85%.

The underlying index dynamically allocates leveraged exposure, up to 500%, to the Invesco QQQ Trust while applying a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The notes are unsecured, unlisted, and subject to JPMorgan credit risk and potentially limited liquidity. The indicative estimated value is about $913.60 per $1,000, and will not be less than $900.

JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is issuing $1,500,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing July 13, 2028. The notes pay a 13.55% per annum contingent coupon (1.12917% monthly) for any Review Date on which the Index closes at or above 65% of the Initial Value. From the July 12, 2027 Review Date onward, if the Index is at or above the Initial Value, the notes are automatically called at $1,000 plus that period’s coupon.

If the notes are not called and the Final Value is at least 65% of the Initial Value, investors receive $1,000 plus the last coupon; otherwise repayment falls 1% for each 1% Index decline, down to zero, so principal can be fully lost. The underlying Index uses leveraged E-mini S&P 500 futures with a 35% target volatility and is reduced by a 6.0% per annum daily deduction, which drags on performance. The price to public is $1,000 per note, including $9 in selling commissions; the issuer’s estimated value is $947.70, reflecting fees and hedging costs, and any secondary market is expected to be limited and at prices below issue. Payments are unsecured and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is issuing $1,959,000 of Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, due July 14, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on July 16, 2027 if the Index on the Review Date is at or above the Call Value, paying $1,000 principal plus a fixed $212.50 call premium per note. If not called and the Final Value is above the Initial Value at maturity, investors receive $1,000 plus 2.00 times any positive Index Return; if the Final Value is between the Initial Value and the Barrier Amount set at 70.00% of the Initial Value, principal is returned; below the Barrier Amount, principal is reduced 1% for each 1% Index decline.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., pay no interest and are not bank deposits or FDIC insured. The price to public is $1,000 per note, including selling commissions of $7.50, while the estimated value at pricing is $965.90, reflecting embedded selling, structuring and hedging costs. The notes will not be listed, so liquidity depends on JPMS making a market and any secondary prices are expected to be below the issue price. Key risks include potential loss of some or all principal if the Index breaches the barrier, credit risk of both JPMorgan entities, futures-based index features such as volatility and negative roll returns, and conflicts of interest from issuer and affiliate hedging and trading activities.

JPMorgan Chase Financial Company LLC is offering $1,102,000 of structured Review Notes linked individually to the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on July 15, 2032 and pay no interest or dividends.

On 21 scheduled Review Dates from July 14, 2027 to July 12, 2032, if each index closes at or above 92% of its Initial Value, the notes are automatically called for $1,000 plus a fixed Call Premium that starts at 10.05% and rises to 60.30% of principal. If not called, principal is returned at maturity only if each index’s Final Value is at least 75% of its Initial Value.

If any index finishes below its 75% Barrier Amount and the notes were never called, repayment is reduced point-for-point with the decline of the least performing index, which can result in losing all principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The initial issue price is $1,000 per note, while the issuer’s estimated value is $978.30.

JPMorgan Chase Financial Company LLC is offering $2,396,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing July 15, 2030 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if the Index has risen, holders receive 1.6285x the Index appreciation. If the Index is flat or down by up to the 20.00% Buffer Amount, they receive a positive return equal to the absolute Index move. Below a 20.00% decline, principal is reduced point-for-point, with up to an 80.00% loss and a minimum payment of $200 per $1,000 note.

The notes pay no interest, are unsecured and unsubordinated, are not listed, and are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including selling commissions and hedging-related costs, while the initial estimated value is $975.40 per $1,000 note. Returns depend on a futures-based equity index and complex U.S. tax and regulatory treatments, including reliance on “open transaction” and hybrid instrument analyses.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Auto Callable Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price around July 16, 2026, settle around July 21, 2026 and mature on July 19, 2029, in minimum denominations of $1,000.

On July 22, 2027, if the Index closing level is at or above a specified Call Value, the notes are automatically called and pay $1,000 plus a call premium of at least $95.50 per note. If not called and held to maturity, investors receive 1.50 times any positive Index return, principal back if the Index is flat or down by up to the 20.00% buffer, and lose 1% of principal for each 1% decline beyond the buffer, for a maximum loss of 80.00%.

The notes pay no interest, are not bank deposits and are not FDIC insured. Any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co. If priced on the date shown, the estimated value would be about $960.70 per $1,000 note, and the estimated value at pricing will not be less than $900.00, both below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $300,000 of Auto Callable Contingent Interest Notes linked to Micron Technology, Inc. common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a 33.50% per annum Contingent Interest Rate (2.79167% per month) only for Review Dates when Micron’s share price closes at or above an Interest Barrier set at 50.00% of the Initial Value, in minimum denominations of $1,000.

Beginning January 11, 2027, the notes are automatically called if, on certain Review Dates, Micron’s closing price is at least the Initial Value, paying $1,000 plus the applicable contingent interest and then terminating. If not called and at maturity the Final Value is at least 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 reduced dollar-for-dollar with the stock’s decline from the Initial Value, potentially down to zero.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may be illiquid. The price to public is $1,000 per note, including $22.25 in selling commissions, while the issuer’s estimated value is $923.10 per $1,000 note, reflecting embedded costs and hedging assumptions.

JPMorgan Chase Financial Company LLC is offering callable Contingent Interest Notes due June 21, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked separately to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, rather than to a combined basket.

The notes pay a Contingent Interest Payment for each Review Date on which every index closes at or above 70.00% of its Initial Value, at a Contingent Interest Rate of at least 8.60% per annum. The issuer may redeem the notes early, in whole but not in part, on specified Interest Payment Dates beginning October 20, 2026.

If not redeemed, principal repayment at maturity depends on the Least Performing Index. If its Final Value is at least 60.00% of its Initial Value, holders receive $1,000 per note plus any final contingent interest. If it is below 60.00%, repayment is reduced in proportion to the decline of the Least Performing Index, up to a total loss of principal. The notes are unsecured obligations subject to the credit risk of both the issuing entity and guarantor, and their indicative estimated value is approximately $963.70 per $1,000 today and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is issuing $1,008,000 of unsecured Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and do not provide dividend exposure, and are subject to the credit risk of both entities.

The notes may be automatically called on scheduled review dates starting July 14, 2027 if the index closes at or above 90.00% of its initial level, returning $1,000 plus a fixed call premium that rises from 19.6500% to 117.9000% of principal over time. If not called, principal is repaid at maturity on July 15, 2032 only if the final index level is at or above the 50.00% barrier; otherwise repayment falls one-for-one with the index, leading to losses greater than 50% and possibly all capital. The underlying index is a leveraged, volatility-targeting E-mini S&P 500 futures strategy subject to a 6.0% per annum daily deduction, which drags performance, and the estimated value at pricing was $924.10 per $1,000 note, below the issue price due to structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due January 13, 2028, linked to the lesser performance of American Airlines and Apple common stock and fully guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of at least 18.78% per annum (1.565% per month) for any Review Date when each stock closes at or above 70% of its strike value, based on July 10, 2026 prices. Notes are issued in $1,000 minimum denominations and may be automatically called as early as October 12, 2026 if both stocks are at or above their strike values.

If the notes are not called and either stock finishes below its 70% Trigger Value on the final Review Date, repayment of principal is reduced 1-for-1 with the decline in the lesser-performing stock, potentially to zero; if both end at or above their triggers, investors receive $1,000 plus all due contingent coupons, including any previously unpaid amounts. The preliminary estimated value is about $940 per $1,000 principal, and at pricing will not be less than $920 per $1,000, reflecting embedded costs, hedging and dealer compensation. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes are unsecured and not FDIC insured.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Contingent Income Auto-Callable Securities due July 20, 2029 linked to the Class A common stock of CrowdStrike Holdings, Inc. These unsecured notes pay no fixed interest and expose principal to market and credit risk.

Holders may receive a contingent quarterly payment on each determination date from October 19, 2026 through July 17, 2029 if CrowdStrike’s closing price is at least 50% of the initial stock price, the downside threshold level. If on any non-final determination date the closing price is at or above the initial stock price, the notes are automatically redeemed for the $1,000 stated principal amount plus that quarter’s contingent payment and any unpaid prior contingent payments.

If the notes are not redeemed early and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final contingent payment and any unpaid prior contingent payments. If the final stock price is below the downside threshold, repayment is reduced one-for-one with the stock’s decline from the initial price, for a payment below 50% of principal and possibly zero. Investors do not participate in any stock appreciation and remain subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The issue price is $1,000 per note; if priced on July 8, 2026 the estimated value would be approximately $954.00 per $1,000, and on the pricing date will not be less than $930.00 per $1,000.

JPMorgan Chase Financial Company LLC plans to issue Medium‑Term Notes, Series A, Digital Equity Notes due August 24, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and bears no interest.

The payoff depends on an unequally weighted basket of equity indices: EURO STOXX 50 (40.00%), TOPIX (25.00%), FTSE 100 (17.00%), Swiss Market Index (11.00%) and S&P/ASX 200 (7.00%). If the final basket level is below the initial basket level of 100, investors lose 1% of principal for each 1% decline, down to a total loss. If the final basket level is at or above the initial level, investors receive at least a threshold settlement amount, expected between $1,131.80 and $1,154.60 per $1,000 note, and potentially more when the basket return is sufficiently high.

The notes are unsecured obligations of JPMorgan Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The estimated value is expected between $973.00 and $983.00 per $1,000, below the 100.00% issue price due to selling commissions of up to 1.24%, hedging costs and structuring fees. The notes will not be listed, anticipated liquidity is limited, and valuation will rely on internal models and an internal funding rate. U.S. tax treatment is based on characterization as prepaid financial contracts, but the tax outcome, including potential effects of Section 871(m) and future IRS guidance, is uncertain.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Digital Barrier Notes linked to Micron Technology common stock, maturing on August 19, 2027. Each $1,000 note targets a fixed return of at least 40.65% if Micron’s final share price on the August 16, 2027 observation date is at or above 50.00% of the initial price.

If Micron’s final price is below this 50.00% barrier, principal is exposed one-for-one to the stock’s decline from the initial level, with losses greater than 50.00% and up to a full loss of principal possible. The notes pay no interest, do not pass through Micron dividends, are not listed, and may be difficult to sell before maturity.

The notes are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The estimated value, if priced on the date described, would be about $963.50 per $1,000 note, and the estimated value when terms are set will not be less than $900.00 per $1,000, reflecting embedded selling commissions, hedging costs and structuring fees.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes due August 3, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the SPDR® S&P® Regional Banking ETF.

The notes pay a contingent interest rate of at least 11.65% per annum, credited monthly, but only for Review Dates when the closing value of each underlying is at or above 70.00% of its Initial Value (the Interest Barrier). If any underlying is below its barrier on a Review Date, no interest is paid for that period. JPMorgan may redeem the notes early, in whole, on specified Interest Payment Dates starting February 4, 2027, at $1,000 per note plus the applicable contingent interest.

At maturity, if the notes are not redeemed and the Final Value of each underlying is at or above 60.00% of its Initial Value (the Trigger Value), investors receive $1,000 per note plus any final contingent interest (if barriers are also met). If the Final Value of any underlying is below its Trigger Value, repayment is reduced by the full negative return of the least performing underlying, so investors can lose more than 40% and up to all principal. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., have a minimum denomination of $1,000, are not listed, and include an estimated value that is lower than the $1,000 price due to selling commissions, hedging costs and structuring margin.

JPMorgan Chase Financial Company LLC is offering $30,363,300 of Capped Buffered Return Enhanced Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $10 principal amount and provides 2.00x any positive Index return at maturity, up to a 25.85% maximum return, corresponding to a maximum payment of $12.585 per note. If the S&P 500 is flat or down by up to the 10.00% Buffer Amount on the July 10, 2028 observation date, investors receive their full principal at the July 13, 2028 maturity. If the Index declines by more than 10.00%, principal is reduced by 1.11111% for each additional 1% decline, so a 60.00% drop would lead to a payment of $4.4445 per note.

The notes pay no interest, do not provide dividends on S&P 500 constituents, and are unsecured and unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor. They will not be listed on any exchange, and liquidity will depend on J.P. Morgan Securities LLC’s willingness to make a market, potentially at prices significantly below the $10 issue price. The estimated value at pricing was $9.96 per $10 note, reflecting structuring and hedging costs and internal funding assumptions, so secondary market values may initially be lower than account statement values and are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index. Each note has a $1,000 principal amount and runs to an expected maturity on August 3, 2028, with returns tied to index performance.

If the index rises, holders earn the index return up to a Maximum Upside Return of at least 16.90%, giving a maximum positive payment of $1,169.00 per $1,000. If the index falls by up to the 25.00% Buffer Amount, investors receive the Absolute Index Return, up to $1,250.00 per $1,000 when the index is down 25%.

Below the buffer, losses are amplified: investors lose 1.33333% of principal for each additional 1% index decline, so a 50% drop pays $666.6675 per $1,000. The notes are unsecured obligations of JPMorgan Financial, not FDIC insured, may trade below the issue price, and depend on the credit of JPMorgan entities. The estimated value is approximately $981.00 per $1,000 if priced on the date shown and will not be less than $960.00 at pricing, reflecting selling, structuring and hedging costs as well as complex and potentially changing U.S. tax treatment.

JPMorgan Chase Financial Company LLC is offering unsecured, auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on August 3, 2029. The notes can be automatically called on review dates in 2027, 2028 or 2029 for $1,000 plus a call premium of at least 32%, 64% or 96% of principal, respectively, if the index closes at or above the 100% Call Value.

If not called, investors receive full principal only if the final index level is at or above the 60% Barrier Amount; below that level, repayment is $1,000 plus Index Return, creating losses greater than 40% and up to all principal. The index embeds a 6.0% per annum daily deduction, leverage up to 500% in E-mini S&P 500 futures and a 35% target volatility, so its performance will lag an equivalent index without the fee. The notes pay no interest or dividends, are not FDIC insured or exchange-listed, and their value depends on the credit of JPMorgan entities; the estimated value is currently about $950 per $1,000 note and will not be less than $930 at pricing.

JPMorgan Chase Financial Company LLC is offering $2,001,000 principal amount of yield notes linked to the lesser performing of ConocoPhillips common stock and the State Street Energy Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay fixed interest of 8.50% per annum, or $7.0833 per $1,000 monthly, for total interest of $170.00 per $1,000 if held to the July 13, 2028 maturity. The notes are unsecured and unsubordinated obligations, subject to the credit risk of both the issuer and guarantor.

Principal repayment depends on the Underlyings. If the Final Value of each is at least its Trigger Value, 60.00% of its Strike Value ($110.72 for ConocoPhillips and $55.60 for the fund), investors receive $1,000 plus final interest. If either ends below its Trigger Value, the maturity payment equals $1,000 plus $1,000 times the Lesser Performing Underlying Return, so holders lose more than 40% of principal and could lose it all.

The notes are not listed, may be accelerated upon certain delisting or termination events, and have an estimated value of $987.80 per $1,000 at pricing, below the $1,000 issue price because it includes selling commissions, hedging-related amounts and certain fees. U.S. federal tax treatment views each note as a unit comprising a put option and a deposit.

JPMorgan Chase Financial Company LLC is issuing unsecured Callable Contingent Interest Notes linked separately to the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors receive a Contingent Interest Payment for a Review Date only if each index closes at or above 70.00% of its Initial Value, the Interest Barrier. The Contingent Interest Rate will be at least 9.00% per annum, paid monthly when conditions are met, and the issuer may redeem the notes early on designated Interest Payment Dates, beginning January 21, 2027, by paying $1,000 per note plus interest.

If the notes are not redeemed and each index’s Final Value is at least 60.00% of its Initial Value, the Trigger Value, holders receive $1,000 plus any final contingent interest. If any index finishes below its Trigger Value, the maturity payment becomes $1,000 + $1,000 × Least Performing Index Return, so principal losses can exceed 40% and reach 100%. Key risks include no guaranteed interest, full principal-at-risk, credit exposure to JPMorgan Financial and JPMorgan Chase & Co., sensitivity to the worst-performing index (including small-cap risk via the Russell 2000), limited liquidity, and an estimated value per $1,000 note (about $963.00 today and not less than $930.00 at pricing) that is below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering $833,000 of Uncapped Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and are scheduled to mature on July 14, 2031.

The notes provide an uncapped leveraged payoff of 2.91 times any positive Index return at maturity. Principal is repaid only if the Index ending level is at or above the initial level, or at or above the 50% Barrier Amount; below the barrier, repayment declines one-for-one with the Index and investors can lose all principal.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, creating a drag so the Index will trail an equivalent portfolio without these deductions. 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 at pricing of $949.40 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with scheduled maturity on July 22, 2031 and minimum denominations of $1,000.

The notes may be automatically called on July 23, 2027 if each index closes at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $168 per note. If not called and both final index values exceed their Initial Values, the payoff at maturity reflects uncapped exposure of 1.54× the return of the lesser performing index. If either index finishes at or below its Initial Value but both remain at or above a Barrier Amount set at 70% of Initial Value, principal is repaid; if either falls below this barrier, principal is reduced one-for-one with the loss in the lesser performing index, up to total loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are expected to have an estimated value of about $972.20 per $1,000 note on the trade date, not less than $900, reflecting embedded selling, structuring and hedging costs and likely lower secondary-market prices.