JPMorgan Chase & Co. 424B Filings

JPMorgan Chase Financial Company LLC is offering structured auto-callable notes due July 29, 2031 linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have minimum denominations of $1,000 and pay no interest.

On each annual Review Date from 2027 to 2031, if the Index closing level is at least 100% of its Initial Value, the notes are automatically called for $1,000 plus a Call Premium, with minimum premiums of 24.75%, 49.50%, 74.25%, 99.00% and 123.75% of principal on successive Review Dates. If not called, principal is protected only by a 15% downside buffer; if the Index finishes more than 15% below its Initial Value, repayment is reduced 1% for each percentage point below that threshold, up to an 85% loss of principal.

The Index references an unfunded position in the Invesco QQQ Trust with a 35% target volatility, leverage up to 500%, a 6.0% per annum daily deduction and a daily notional financing cost, all of which weigh on performance. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and may have limited or no secondary market liquidity. An illustrative estimated value is approximately $912.60 per $1,000 note, with the final estimated value to be at least $900.

JPMorgan Chase Financial Company LLC is offering auto callable notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to issuer and guarantor credit risk.

The notes may be automatically called as early as July 28, 2027 if the Index is at or above the 100% Call Value on a Review Date, paying $1,000 plus a call premium starting at at least 7.50% of principal and rising to at least 48.75% by the twelfth Review Date. If never called, at maturity on July 28, 2033 investors receive $1,000 plus any positive Index Return times the 100% participation rate, with principal repayment in full if the Index is flat or down.

The Index tracks leveraged, volatility-targeted exposure to the Invesco QQQ Fund, but its level is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, which drag on performance and can cause the Index to underperform the QQQ Fund. If priced on the example date, the estimated value would be about $906.40 per $1,000 note and will not be less than $900.00 at pricing, reflecting embedded costs and hedging.

JPMorgan Chase Financial Company LLC is issuing $5,483,000 of Auto Callable Contingent Interest Notes linked to the least performing of the S&P 500 Index, the Russell 2000 Index and the Dow Jones Industrial Average, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 9.00% per annum Contingent Interest, or $45.00 per $1,000 note semiannually, only if each index on a Review Date is at or above 70.00% of its Initial Value. From July 9, 2027, the notes are automatically called if each index is at or above its Initial Value, returning $1,000 plus the applicable interest.

If not called, and each index is at or above 60.00% of its Initial Value on the final Review Date, holders receive $1,000 plus any final Contingent Interest. If any index is below its Trigger Value, the maturity payment is $1,000 + ($1,000 × Least Performing Index Return), so investors can lose more than 40% and up to all principal. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not listed, and have an estimated value of $969.80 per $1,000 at pricing, below the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,500,000 of Capped Buffered Return Enhanced Notes linked to the Class A common stock of CoreWeave, Inc. Each note has a $1,000 denomination, priced at par and expected to settle on or about July 14, 2026.

The notes mature on July 11, 2029 and provide 1.50 times any positive stock return, capped at a 284.00% maximum return, for a maximum payment of $3,840.00 per $1,000 note. A 20.00% downside buffer applies; beyond that, holders lose 1% of principal for each additional 1% decline, up to an 80.00% loss if the reference stock falls to zero.

The strike value equals the July 6, 2026 CoreWeave closing price of $86.46. The notes pay no interest, give no dividends or rights in CoreWeave and will not be listed, so liquidity depends on J.P. Morgan Securities LLC. Price to public is $1,000 with $6.50 in selling commissions and $993.50 in proceeds per note; the issuer’s estimated value is $962.60, reflecting selling, structuring and hedging costs. All payments are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing July 22, 2031, in $1,000 denominations. The notes may be automatically called on scheduled review dates from July 21, 2027 if the index closes at or above 85% of its initial level, paying $1,000 plus a call premium starting at 16.60% and rising to at least 83.00% on the final review date.

If not called and the final index level is at or above 60% of the initial level, investors receive principal only; below that barrier, repayment is reduced one-for-one with the index return, with the possibility of losing more than 40% and up to all principal. The underlying index uses leveraged exposure of 0% to 500% to E-mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which drags performance versus a similar index without this feature. The notes pay no interest or dividends, are unsecured obligations subject to the credit of JPMorgan Financial and JPMorgan Chase & Co., are not listed on any exchange, and have an estimated value of approximately $926.10 per $1,000 note (not less than $900) at pricing due to structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering unsecured, auto callable structured notes due July 28, 2031, linked to the least performing of the Nasdaq-100, S&P 500 and EURO STOXX 50 indices. The notes pay quarterly contingent interest at a rate of at least 10.50% per annum only when each index closes at or above 80.00% of its Initial Value.

Starting July 23, 2027, the notes are automatically called if on a review date each index is at or above its Initial Value, returning $1,000 plus that period’s interest. If not called and any index finishes below 60.00% of its Initial Value, repayment is reduced in proportion to the decline of the least performing index, up to total loss of principal. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., and investors take its and the issuer’s credit risk. The estimated economic value is currently about $943.70 per $1,000 note and will not be less than $920.00 at pricing, reflecting embedded selling costs and hedging charges.

JPMorgan Chase Financial Company LLC is issuing $1,001,000 of Capped Accelerated Barrier Notes linked to the common stock of Enphase Energy, Inc., due January 11, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 2.5x leveraged upside on any positive stock return, capped at a 283.50% maximum return, corresponding to a maximum payment of $3,835 per $1,000 note at maturity. They pay no interest, and investors forgo any Enphase dividends.

If the final Enphase share price is at or above the strike, investors receive principal plus the leveraged gain, subject to the cap; if it is between the strike and the barrier at 80% of the strike, principal is returned. Below the barrier, repayment falls one-for-one with the stock, so investors can lose more than 20% and up to all principal. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co., and are not listed, so liquidity depends on J.P. Morgan Securities. The price to public is $1,000 per note, including $5 in selling commissions, while the issuer's estimated value at pricing was $957.50 per $1,000, reflecting structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $900,000 of auto callable contingent interest notes linked to the lesser performing of the iShares Silver Trust (SLV) and SPDR Gold Trust (GLD), maturing on July 14, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment of $7.9167 per $1,000 note (equivalent to a 9.50% per annum rate, or 0.79167% per month) for any Review Date when each fund’s closing price is at or above 50.00% of its Initial Value. Automatic call can occur on any Review Date from October 9, 2026 (excluding the first, second and final Review Dates) if each fund is at or above its Initial Value, returning principal plus the applicable interest and ending further payments.

If the notes are not called and on the final Review Date either fund is below its 50.00% Trigger Value, repayment is reduced one-for-one with the decline of the lesser performing fund, down to a total loss of principal. The notes are unsecured, not listed on any exchange, and any payment is subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $958.00 per $1,000 note, below the issue price, reflecting selling commissions, hedging costs, internal funding assumptions and dealer profit, alongside extensive risks tied to silver and gold price volatility, liquidity and potential acceleration.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due June 23, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, with payments subject to the credit risk of both entities.

Investors may receive a monthly Contingent Interest Payment at a rate of at least 6.30% per annum if, on a Review Date, the closing level of each Index is at or above its Interest Barrier of 50.00% of its Initial Value; otherwise, no interest is paid for that period. The issuer may redeem the notes early, in whole, on certain Interest Payment Dates beginning July 22, 2027, returning $1,000 per note plus any due contingent interest.

If the notes are not redeemed early and on the final Review Date the Final Value of each Index is at or above its Trigger Value of 50.00% of Initial Value, investors receive $1,000 per note plus the final Contingent Interest Payment. If any Index finishes below its Trigger Value, the maturity payment is reduced by the percentage decline of the Least Performing Index, which can result in losing most or all principal. The notes are not bank deposits, are not insured, are illiquid, and have an estimated value of about $982.20 per $1,000 if priced on July 13, 2026, below the issue price due to selling commissions, hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes due July 31, 2031, linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide leveraged upside of at least 2.0955x any positive return of the least performing index at maturity. If each index finishes at or above its Barrier Amount of 70% of its Initial Value, investors receive only their principal back. If any index finishes below its barrier, principal is reduced 1% for each 1% decline of the least performing index, down to a total loss.

The minimum denomination is $1,000. A hypothetical estimated value is $969.90 per $1,000, and the final estimated value will not be less than $900 per $1,000, reflecting selling, structuring and hedging costs. The notes pay no interest, provide no dividends, are unsecured and not insured, expose holders to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and are expected to have limited secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due July 22, 2031, linked to the MerQube US Large-Cap Vol Advantage Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and is an unsecured, unsubordinated obligation subject to issuer and guarantor credit risk.

The notes pay a contingent monthly coupon at a rate of at least 13.15% per annum (1.09583% per month) only when the Index is at or above 70% of its Initial Value (the Interest Barrier) on a Review Date; missed coupons can be paid later if the barrier is met. The notes are automatically called, with return of principal and accrued contingent interest, if on specified Review Dates the Index closes at or above its Initial Value, beginning as early as July 19, 2027.

If not called, at maturity investors receive full principal only if the Final Index Value is at or above 50% of the Initial Value (the Trigger Value; principal protection is thus conditional). Below that level, repayment is reduced 1% for each 1% Index decline, potentially to zero. The underlying Index uses leveraged E-mini S&P 500 futures with a 35% target volatility and is subject to a 6.0% per annum daily deduction, creating a persistent drag on performance. If the notes priced on July 13, 2026, their estimated value would be about $929.80 per $1,000 note and will not be less than $900.00 at pricing, reflecting embedded costs, hedging and dealer compensation. The notes are not listed and may be illiquid.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $500,000.00 of Digital Contingent Buffered Notes linked to the S&P 500 Index. The notes target a fixed 110.75% total return, paying $2,107.50 per $1,000 at maturity if index losses stay within a 10.00% buffer or the index rises.

If the S&P 500 falls more than 10.00% from the 7,482.71 strike, investors lose 1% of principal for each additional 1% decline, potentially up to a total loss. The notes pay no interest or dividends, are unsecured obligations subject to issuer and guarantor credit risk, and are intended to be held to July 11, 2036.

Each note is priced at $1,000.00, including $30.00 in selling commissions, for net issuer proceeds of $970.00 and an estimated value of $957.20. Complex U.S. tax considerations, including treatment as open transactions and potential Section 871(m) issues for Non-U.S. Holders, are highlighted, and secondary market prices are expected to be below the issue price.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Capped Dual Directional Buffered Equity Notes due January 22, 2029, linked to the lesser performing of the Dow Jones Industrial Average and the Russell 2000 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are issued in $1,000 denominations, pay no interest and provide unleveraged exposure to index movements. At maturity, investors participate one-for-one in gains of the lesser-performing index up to a Maximum Upside Return of at least 65.00%. For index declines of up to the 25.00% Buffer Amount, investors receive a positive return equal to the absolute decline. If either index falls by more than 25.00%, principal is reduced 1% for each additional 1% decline in the lesser-performing index, for a maximum loss of 75.00% and a minimum payment of $250.00 per $1,000. If priced on the date shown, the estimated value would be about $988.30 per $1,000 and will not be less than $900.00 per $1,000 when terms are set. The notes are not bank deposits, are not FDIC insured, will not be listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and matures on July 29, 2031.

Monthly contingent interest of at least 17.00% per annum (1.41667% per month) is paid only when the Index is at or above 80% of its Initial Value (the Interest Barrier. The notes are automatically called quarterly, starting July 26, 2027, if the Index is at or above its Initial Value, returning $1,000 plus that period’s interest.

If not called, and the Final Index Value is at least 85% of Initial (the Buffer Threshold), investors receive full principal plus final interest; below that level, principal is reduced 1-for-1 beyond the 15% buffer, with losses up to 85% of principal. The Index includes a 6.0% per annum daily deduction and a notional financing cost, which drag on performance versus the QQQ Fund itself. The notes are unsecured, not listed, and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is about $908.50 per $1,000, and will not be less than $900 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., offers auto callable barrier notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing July 25, 2030 in $1,000 denominations.

The notes may be automatically called on review dates starting July 26, 2027 if each index is at or above 100.00% of its Initial Value, paying back principal plus a Call Premium Amount of at least 14.50%, 29.00% or 43.50% of principal on the first three review dates, respectively. If not called and all final index levels exceed their Initial Values, investors receive full upside based on the Least Performing Index Return.

If the Least Performing Index finishes at or above 70.00% of its Initial Value but not above 100.00%, principal is repaid. If any index closes below 70.00% of its Initial Value, repayment falls one-for-one with the Least Performing Index loss, up to a complete loss of principal. The notes pay no interest, provide no index dividends, are unsecured and unsubordinated, and are subject to the credit risk of both the issuer and guarantor. An indicative estimated value is approximately $946.80 per $1,000, with the final estimated value at pricing not less than $900.00, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing common stock of American Airlines Group Inc. and Apple Inc., with maturity on January 13, 2028 and $1,000 minimum denominations.

The notes pay a monthly Contingent Interest Payment at a rate of at least 15.30% per annum (1.275% per month) for each Review Date on which both stocks close at or above 60.00% of their Strike Values (Interest Barriers of $10.17 for AAL and $189.192 for AAPL, based on strikes of $16.95 and $315.32 from July 10, 2026). Starting October 12, 2026, the notes are automatically called if on a Review Date (other than the first, second and final) each stock closes at or above its Strike Value, returning $1,000 plus the applicable and any previously unpaid contingent interest.

The notes do not protect principal: if not called and the Final Value of either stock is below its Trigger Value (the same 60.00% level), repayment equals $1,000 plus $1,000 times the Lesser Performing Stock Return, so investors can lose more than 40% and up to all principal and may receive no interest. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, with selling commissions up to $40 per $1,000. If priced on the date referenced, the estimated value would be about $940 per $1,000 note and will not be less than $920 at pricing, reflecting hedging and distribution costs and the use of an internal funding rate; secondary market values are expected to be lower and liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering Digital Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500, maturing on August 19, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if the Final Value of each index is at least 70.00% of its Initial Value (the Barrier Amount), investors receive the $1,000 principal plus a fixed Contingent Digital Return of at least 11.40%, regardless of how far the indices have risen above the barrier. If the Final Value of any index is below its Barrier Amount, investors lose 1% of principal for every 1% the Least Performing Index has fallen from its Initial Value, up to a total loss of principal.

The notes pay no interest, do not provide dividends on index constituents, are unsecured obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on any exchange. Minimum denomination is $1,000. If priced on the reference date, the estimated value would be about $988.70 per $1,000 note and will not be less than $900.00 per $1,000 when set, reflecting selling commissions, hedging costs and issuer funding assumptions. U.S. tax counsel views the notes as prepaid financial contracts treated as open transactions, though the IRS could disagree.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Medium-Term Notes, Series A, $1,000-denomination Digital Equity Notes due June 23, 2028 linked to the EURO STOXX 50® Index. The notes pay no interest and are not listed or redeemable prior to maturity.

At maturity, if the index’s final level is at least 85.00% of its initial level, holders receive a fixed threshold settlement amount expected between $1,159.50 and $1,187.60 per $1,000 note, capping upside. If the index falls more than 15.00%, losses are magnified by a buffer rate of about 1.1765, and principal can be lost in full. The estimated value at pricing is expected between $985.10 and $995.10 per $1,000 note, below the 100.00% issue price, reflecting structuring and hedging costs and an internal funding rate. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and secondary market liquidity is not assured. Tax treatment is uncertain and may be affected by future IRS guidance.

JPMorgan Chase Financial Company LLC is issuing $930,000 of Auto Callable Buffered Return Enhanced Notes linked to the S&P 500 Index, due July 13, 2028 and fully guaranteed by JPMorgan Chase & Co. Each $1,000 note may be automatically called on July 15, 2027 if the index is at or above its initial level, paying $1,094.50.

If not called, maturity payments provide 1.25x any positive index return; principal is protected only within a 10% downside buffer, with losses up to 90% beyond that. The notes pay no interest or dividends, are unsecured, not FDIC insured, and carry both market and JPMorgan credit risk. The price to public is $1,000, including $17.50 in selling commissions; the estimated value is $978.20 per note, and secondary-market liquidity may be limited.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes due July 25, 2031, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. Investors receive monthly contingent interest only when the Index closes at or above 50% of its Initial Value (the Interest Barrier).

The notes may be automatically called as early as July 22, 2027 if the Index is at or above its Initial Value, returning $1,000 principal plus the applicable interest, with no further payments. If held to maturity and never called, principal is protected only while the Final Index Value remains at or above the 85% Buffer Threshold; below that level, losses increase one-for-one, up to an 85% loss of principal.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost based on SOFR plus 0.50%, and can employ leverage up to 500% exposure to the QQQ Fund while targeting 35% volatility, so it is expected to trail a comparable index without such charges. The indicative estimated value is about $946.30 per $1,000 note and will not be set below $900, reflecting selling commissions, hedging costs and issuer funding spreads, and any payments remain subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated Auto Callable Contingent Interest Notes linked to Devon Energy common stock, fully guaranteed by JPMorgan Chase & Co., maturing on July 13, 2029 in minimum denominations of $1,000. The notes can be automatically called as early as January 11, 2027 if Devon’s share price on a review date (other than the first and final) is at or above the strike price, returning $1,000 plus the applicable contingent coupon.

Quarterly Contingent Interest Payments are made only when Devon’s share price is at least 60.00% of the Strike Value on a review date; otherwise no interest is paid. If the notes are not called and the final share price is below the trigger level, investors lose principal in proportion to the stock’s decline and can lose their entire investment. The indicative contingent rate is at least 11.90% per annum, but the estimated economic value is only about $971.20 per $1,000 (and not less than $940), reflecting embedded costs. The notes are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., limited liquidity, complex tax treatment and potential withholding of up to 30% on payments to non-U.S. holders.

JPMorgan Chase Financial Company LLC is offering $550,000 of Uncapped Accelerated Barrier Notes linked to the lesser performing of the Nasdaq-100 Futures Excess Index and the S&P 500® Futures Excess Return Index, due July 14, 2036, in $1,000 denominations, fully guaranteed by JPMorgan Chase & Co.

The notes pay no interest. At maturity, if both indices finish above their Initial Values (782.0496 and 603.95), holders receive $1,000 plus 4.185× the lesser indexs positive return. If either index is at or below its Initial Value but both remain at or above 60% of Initial Value, principal is repaid. If either index closes below this 60% barrier, repayment is reduced one-for-one with the lesser indexs loss, so investors can lose more than 40% of principal and up to all of it.

The price to public is $1,000 per note, including $2.50 in selling commissions, with total issuer proceeds of $548,625 and an estimated value of $972.70 per $1,000 note at pricing. The notes are unsecured obligations subject to the credit risk of both issuer and guarantor, will not be listed, may trade below issue price, and embed complex index, futures, valuation, tax and liquidity risks summarized in the risk discussions.

JPMorgan Chase Financial Company LLC is offering $700,000 of Auto Callable Contingent Interest Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the DAX® Index, S&P 500® Index and Nasdaq‑100 Index®, maturing January 13, 2028.

The notes pay a 9.85% per annum Contingent Interest (2.4625% per quarter, or $24.625 per $1,000) only if on a Review Date the closing level of each Index is at or above 70.00% of its Initial Value; missed coupons can be paid later if this condition is later met. The notes are automatically called if, on any Review Date other than the first and final, each Index is at or above its Initial Value, returning $1,000 plus current and any unpaid contingent interest.

If not called and on the final Review Date any Index is below 70.00% of its Initial Value, repayment is $1,000 + $1,000 × Least Performing Index Return, so investors lose 1% of principal for each 1% decline in the worst Index and can lose their entire investment. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $16 in selling commissions; the estimated value at pricing was $968.70 per $1,000.

JPMorgan Chase Financial Company LLC plans to issue auto callable accelerated barrier notes due July 18, 2031, linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on July 21, 2027 if each index closes at or above its Call Value, paying $1,000 plus a call premium of at least $120 per $1,000 note. If not called and each index ends above its initial level, holders receive $1,000 plus 2.1535 times the gain of the weakest index; if any index ends between its initial level and a 70% barrier, only principal is returned. If any index finishes below the barrier, repayment is reduced 1% for every 1% decline of the weakest index, down to total loss of principal.

The notes pay no interest, provide no index dividends, are unsecured obligations of JPMorgan Financial with JPMorgan Chase & Co. as guarantor, and are not listed, so liquidity and market value will depend on JPMS’s willingness to trade. The estimated economic value is lower than the issue price (about $948 versus $1,000 in the example), reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto-callable structured notes linked separately to the Dow Jones Industrial Average and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a scheduled maturity on July 22, 2030, minimum denominations of $1,000, and may be automatically called as early as July 21, 2027 if each index closes at or above 100% of its Initial Value. Upon an automatic call, investors receive $1,000 plus a Call Premium Amount starting at 10.15% on the first Review Date and increasing on later dates up to at least 40.60% on the final Review Date.

If the notes are not called and the Final Value of each index is at least 70% of its Initial Value, investors receive their principal at maturity; otherwise the payoff equals $1,000 plus the return of the Lesser Performing Index, which can result in losing more than 30% and up to all principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, and are expected to be sold at $1,000 per note, with an estimated value of approximately $975.80 per $1,000 today and not less than $900.00 per $1,000 when priced.

JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, due July 20, 2029, in minimum denominations of $1,000, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if the index has risen, holders receive 1.52 times any positive index return, with no cap, based on the hypothetical Upside Leverage Factor. If the index is flat or down by up to the 20.00% Buffer Amount, investors receive back principal. If the index falls by more than 20.00%, principal is reduced 1% for each additional 1% decline, down to a minimum payment of $200.00 per $1,000, implying up to an 80.00% loss.

The notes pay no interest, are unsecured and unsubordinated, are not bank deposits, and will not be listed. An indicative estimated value is $980.70 per $1,000, and the final estimated value at pricing will not be less than $900.00 per $1,000, reflecting selling commissions, hedging costs, and an internal funding rate. Returns also depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. and on the complex behavior of E-mini® S&P 500® futures.

JPMorgan Chase Financial Company LLC is offering auto callable structured notes linked to the J.P. Morgan Multi-Asset Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a maturity date of July 21, 2033, minimum denominations of $1,000, pay no periodic interest and are unsecured, unsubordinated obligations subject to the credit risk of both entities.

The notes may be automatically called on quarterly Review Dates starting July 22, 2027 if the Index closes at or above a specified Call Value, paying back $1,000 plus a call premium that steps up from at least 9.00% to at least 60.75% by the 24th Review Date. If not called, at maturity investors receive $1,000 plus an Additional Amount equal to the Index return times a 100% Participation Rate, floored at zero, effectively preserving principal at maturity but giving only upside exposure to Index gains. The underlying Index is a rules-based, multi-asset futures strategy with a 1.00% per annum daily deduction and a volatility-targeting process. The notes’ estimated value, illustrated at about $918.40 per $1,000 (and not less than $900.00 at pricing), is below the issue price due to selling commissions, hedging costs and issuer funding spreads. Key risks include limited liquidity, potential early redemption limiting upside, complex index and tax treatment, and full exposure to JPMorgan creditworthiness.

JPMorgan Chase Financial Company LLC is offering callable Contingent Interest Notes linked individually to the Russell 2000® Index, the S&P 500® Index and the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Payment of at least $39.25 per $1,000 (at least 7.85% per annum, 3.925% semiannually) on each Interest Payment Date only if, on the related Review Date, each index closes at or above 60.00% of its Initial Value. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting July 27, 2028 at $1,000 plus any due Contingent Interest Payment. If not redeemed and, on the final Review Date, any index is below its 60.00% Trigger Value, the maturity payment is reduced in proportion to the negative return of the Least Performing Index, so investors can lose more than 40% and up to all principal. These unsecured notes are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not insured, may have limited liquidity, and have an estimated economic value of about $938.20 (and not less than $900.00) per $1,000, lower than the $1,000 price to reflect selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., in $1,000 minimum denominations, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index, maturing July 26, 2029.

At maturity, if all three indices finish above their initial levels, investors receive principal plus at least 1.71× the positive return of the least performing index, with no upside cap. If each index ends at or above 70.00% of its initial level, principal is returned even if one or more indices are below their initial values. If any index closes below that barrier, repayment is reduced 1% for every 1% decline of the least performing index, potentially down to a total loss.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity depends on dealer willingness to buy. If priced on the reference date, the estimated value would be approximately $979.80 per $1,000, and when terms are set it will be at least $900. The product has complex U.S. tax treatment, including expected treatment as a prepaid financial contract and analysis under Section 871(m) for non-U.S. holders.

JPMorgan Chase Financial Company LLC is offering $3,475,000 of Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as July 11, 2028 if the Index is at or above a preset Call Value on a Review Date, paying $1,000 plus a Call Premium Amount calculated using a 23.50% Call Premium Rate.

If the notes are never called, investors receive $1,000 at maturity on July 14, 2033 only if the final Index level is at or above a barrier; otherwise the payoff falls in line with the Index return, and holders can lose a significant portion or all of principal. The notes pay no interest, provide no QQQ Fund dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor.

The underlying Index provides rules-based exposure of 0%–500% to the Invesco QQQ Fund while targeting 35% implied volatility, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, so it will trail a similar index without these charges. Per-note pricing is $1,000, including $20 in selling commissions and $980 in proceeds to the issuer; the estimated economic value is $929.60, and any secondary market is expected to be limited with prices typically below the issue price.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index and due July 22, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the Index is at least 60.00% of the Initial Value, and may be automatically called beginning January 19, 2027 if the Index is at or above the Initial Value on a non-initial, non-final Review Date.

If the notes are not called and the Final Value is below the Trigger Value (also 60.00% of the Initial Value), investors receive $1,000 plus $1,000 × Index Return and can lose a significant portion or all principal. The notes do not guarantee any interest; if the Index is below the Interest Barrier on every Review Date, no Contingent Interest Payments are made. The hypothetical Contingent Interest Rate is 12.00% per annum (3.00% per quarter), and the actual rate will be at least that level.

The underlying Index targets 35% implied volatility, can use leverage up to 500%, and is reduced by a 6.0% per annum daily deduction plus a daily notional financing cost tied to SOFR + 0.50% per annum, which creates a persistent drag versus a similar index without such deductions. The notes are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. If priced on the date referenced, the estimated value would be about $908.00 per $1,000 note and, when set at pricing, will not be less than $900.00 per $1,000, lower than the $1,000 price to the public. The notes will not be listed, and secondary liquidity and prices are expected to be limited and potentially well below the issue price.

JPMorgan Chase Financial Company LLC is offering $1,974,000 of Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, due July 14, 2033, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are auto‑callable from July 12, 2027 if the Index closes at or above the Call Value, paying $1,000 principal plus a call premium based on a 20.60% annual Call Premium Rate.

If never called, holders receive $1,000 at maturity only when the Final Index Value is at or above a 60% Barrier Amount; below that level repayment equals $1,000 plus $1,000 times the Index Return, so losses can exceed 40% and reach full principal loss. The underlying Index dynamically adjusts exposure to an unfunded position in Invesco QQQ, targeting 35% implied volatility with leverage up to 500%, while applying a 6.0% per annum daily deduction and a daily notional financing cost tied to SOFR plus 0.50%, which drag on performance versus the QQQ Fund.

The notes pay no interest, provide no QQQ dividends, are unsecured and unsubordinated obligations of JPMorgan Financial and expose investors to the credit risk of both the issuer and JPMorgan Chase & Co. Price to public is $1,000 per note, including $20 in selling commissions; estimated value at pricing was $923.40, reflecting embedded structuring and hedging costs and implying limited and potentially discounted secondary market pricing.

JPMorgan Chase Financial Company LLC is issuing $1,403,000 of Uncapped Buffered Equity Notes linked to the iShares MSCI Emerging Markets ETF (EEM), fully and unconditionally guaranteed by JPMorgan Chase & Co. Each $1,000 note offers 80.00% participation in any positive Fund Return at maturity, with no cap, and a 25.00% downside buffer.

If the ETF falls by more than 25% from the $66.23 Strike Value, holders lose 1% of principal for each additional 1% decline, down to a minimum repayment of $250 per $1,000 note, and the notes pay no interest or dividends. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and secondary market prices are likely to be below the $1,000 issue price. The estimated value was $979.60 per $1,000 note after selling commissions of $8.50, reflecting embedded structuring and hedging costs. Tax counsel describes the notes as prepaid financial contracts treated as open transactions, with potential constructive ownership and Section 871(m) considerations.

JPMorgan Chase Financial Company LLC is offering $805,000 of auto callable contingent interest notes linked individually to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing July 12, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 6.00% per annum Contingent Interest Rate (0.50% per month) only on Review Dates when the closing level of each index is at or above 54.80% of its Initial Value, the Interest Barrier. Starting with the sixth Review Date on January 11, 2027, if each index is at or above its Initial Value, the notes are automatically called and pay $1,000 plus that period’s contingent interest, with no further payments.

If the notes are not called and, on the final Review Date, each index is at or above its 54.80% Trigger Value, holders receive $1,000 plus the final contingent interest. If any index is below its Trigger Value, the maturity payment becomes $1,000 plus $1,000 times the Least Performing Index Return, leading to a loss of principal and possibly a full loss. The notes are unsecured, unsubordinated obligations, not FDIC insured, with a price to public of $1,000 per note (including $29.50 in selling commissions) and an estimated value of $947.40 per $1,000 note.

JPMorgan Chase Financial Company LLC is issuing $1,260,000 of Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, due July 13, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide unleveraged exposure to index moves, with a Maximum Upside Return of 25.45% and a Buffer Amount of 15.00%. If the index falls by up to 15%, investors gain an equivalent positive return; beyond that, principal losses mirror further declines, up to an 85.00% loss of principal at maturity.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $991.90 per $1,000 at pricing, below the issue price, reflecting structuring, hedging costs and expected dealer profits, with limited liquidity expected in any secondary market.

JPMorgan Chase Financial Company LLC is issuing $674,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing on July 13, 2028 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends. At maturity, if both underlyings are at or above their initial values, holders receive principal plus 1.487x the positive return of the lesser-performing underlying. A 15.00% buffer protects against moderate declines, but if either underlying falls by more than 15.00%, principal is reduced 1% for each additional 1% loss, up to a maximum loss of 85.00% with a minimum payoff of $150 per $1,000 note.

The price to public is $1,000 per note, including $7.50 in selling commissions; net proceeds to the issuer are $992.50 per note, while the initial estimated value is $975.50. The notes are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., may be accelerated upon certain regulatory or fund events, are not bank deposits or FDIC insured, and are expected to have limited secondary market liquidity and complex U.S. tax treatment.

JPMorgan Chase Financial Company LLC is issuing $395,000 of Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and maturing on July 14, 2031.

The notes may be automatically called on annual Review Dates from 2027 to 2031 if the Index level is at or above 100% of its Initial Value, paying $1,000 plus a Call Premium of up to 88.50% of principal. If not called, principal is protected only by a 30.00% downside buffer; if the Index falls by more than that, repayment is reduced 1-for-1, with up to 70.00% of principal lost at maturity.

The notes pay no interest and provide no dividends from the Invesco QQQ Trust. The underlying Index applies a 6.0% per annum daily deduction and a daily notional financing cost and can use leverage up to 500%, so it is expected to lag an equivalent index without these charges. The price to public is $1,000 per note, while the estimated value is $904.50, reflecting selling commissions, hedging costs and issuer margin. The notes are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC is offering Capped Buffered Equity Notes linked to the S&P 500® Index, due July 13, 2028, in an aggregate principal amount of $2,057,000. The notes provide 1.00x index appreciation at maturity, capped at a 20.75% maximum return.

A 20.00% buffer absorbs moderate index declines; below that level, holders lose 1% of principal for each additional 1% fall in the Index, up to an 80.00% loss. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The price to public is $1,000 per note, including $17.50 in selling commissions, while the estimated value is $978.70 per $1,000 note. Key risks include issuer and guarantor credit risk, limited or no secondary market liquidity, complex U.S. tax treatment, and potential differences between estimated and secondary market values.

JPMorgan Chase Financial Company LLC is offering $2,588,000 of Auto Callable Contingent Interest Notes linked separately to the Nasdaq-100 Index and the VanEck Semiconductor ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer a 15.70% per annum Contingent Interest, credited monthly, only when the closing value of each underlying is at or above 70% of its Initial Value, with missed coupons potentially paid later if conditions are met. From January 11, 2027, the notes may be automatically called if both underlyings are at or above their Initial Values, returning principal plus due interest. If not called and either underlying ends below its 50% Trigger Value, principal repayment is reduced in proportion to the decline of the lesser performer, and investors can lose most or all of their investment. The notes are unsecured obligations subject to JPMorgan credit risk, pay no fixed interest or dividends, have an estimated value of $950 per $1,000 note versus a $1,000 issue price, and are expected to have limited secondary market liquidity.

JPMorgan Chase Financial Company LLC is issuing $420,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has $1,000 principal and offers a 8.75% per annum Contingent Interest Rate, paid monthly (0.72917% per month) only when the Index closes on a Review Date at or above 80% of its Initial Value (the Interest Barrier); unpaid coupons are caught up when a later Review Date meets the barrier.

The notes may be automatically called from July 9, 2027 onward if the Index is at least at its Initial Value on a relevant Review Date, in which case investors receive $1,000 plus due coupons and no further payments. If not called, at maturity on July 14, 2031, principal is fully repaid only if the Final Index Value is at or above 70% of the Initial Value (the Buffer Threshold); below this level, principal loss is 1% for each 1% decline beyond the 30% buffer, up to a 70% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance, and the notes are subject to the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co. The issue price is $1,000 per note versus an estimated value of $913.50, and the notes are not exchange-listed.

JPMorgan Chase Financial Company LLC is offering $250,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, due July 14, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide an uncapped maturity payment of 1.967× any positive Index Return. If the Index is flat or down by up to the 20.00% Buffer Amount, investors receive principal back. If the Index falls by more than 20.00%, principal is reduced 1% for each additional 1% decline, up to an 80.00% loss (minimum $200 per $1,000).

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., pay no interest and will not be listed, so liquidity depends on JPMS making a market. The price to public is $1,000 per note, with $5 in selling commissions and $995 in proceeds to the issuer; the estimated value is $969.20 per $1,000, reflecting selling, structuring and hedging costs. Tax counsel opines it is reasonable to treat the notes as open-transaction prepaid financial contracts, and JPMorgan expects Section 871(m) withholding generally not to apply, but the IRS could take a different view.

JPMorgan Chase Financial Company LLC is offering auto callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on July 22, 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment at a rate of at least 11.65% per year (0.97083% per month) for any Review Date when the Index closes at or above 80% of its Initial Value. Missed coupons are cumulative and paid the next time this barrier is met. Beginning July 19, 2027, the notes are automatically called if, on certain Review Dates, the Index is at or above its Initial Value, returning $1,000 per note plus due and unpaid coupons.

If not called, principal is supported only by a 15% buffer. At maturity, if the Index is at or above 85% of the Initial Value, investors receive full principal plus applicable coupons; otherwise principal is reduced 1-for-1 beyond the buffer, with losses of up to 85%.

The underlying Index is a leveraged, volatility-targeted “excess return” index on an unfunded position in the Invesco QQQ Trust, subject to a 6.0% per annum daily deduction and a notional financing cost, which can significantly drag performance. The notes are unsecured obligations priced at $1,000 each, with an estimated value of about $912.80 per note (and not less than $900 at pricing), are not bank deposits or FDIC insured, and are not listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., plans to issue auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 5, 2031. The notes are issued in $1,000 minimum denominations and pay no interest or dividends.

On 17 scheduled review dates starting August 3, 2027, if the Index closes at or above 100.00% of its initial level, the notes are automatically called and pay $1,000 plus a call premium of at least 25.500% to 127.500% of $1,000, depending on the call date. If never called and the final Index level is at least 50.00% of the initial level, investors receive only their principal back.

If the notes are not called and the final Index level is below 50.00% of the initial level, repayment is reduced one-for-one with the Index decline, so principal losses can exceed 50% and reach 100%. The Index embeds a 6.0% per annum daily deduction, uses leverage up to 500% in E-mini S&P 500 futures and may be significantly uninvested, all of which can weigh on performance. Credit risk of both the issuer and guarantor applies. The estimated value is currently approximately $930.00 per $1,000 principal and will not be less than $900.00 per $1,000 at issuance.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Auto Callable Buffered Return Enhanced Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on August 3, 2029. The notes may be automatically called on August 6, 2027 if each index closes at or above its Call Value, paying $1,000 plus a Call Premium of at least $165 per note and then terminating.

If not called and the final level of each index exceeds its initial level, investors receive $1,000 plus 1.50× the appreciation of the least performing index. A 20.00% buffer protects principal against moderate declines; beyond that, losses are linear, up to 80.00% of principal if the least performing index falls 100%. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity depends on dealer bids. The estimated value is about $970 per $1,000 note today and will not be less than $950 at pricing, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the capital stock of IBM, due July 19, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment for each Review Date on which IBM’s closing price is at least 50.00% of the Initial Value, the Interest Barrier. The Contingent Interest Rate will be at least 13.00% per annum.

The notes may be automatically called as early as January 19, 2027 if IBM’s closing price on a Review Date (other than the first and final) is at or above the Initial Value, in which case holders receive $1,000 per note plus the applicable interest and no further payments. If never called and IBM’s Final Value is below the 50.00% Trigger Value, the maturity payment is $1,000 plus $1,000 times the Stock Return, so losses increase 1% for each 1% IBM finishes below the Initial Value and can reach 100% of principal. The minimum denomination is $1,000. If priced on July 10, 2026, the estimated value would be approximately $960.00 per $1,000 note and, when set, will not be less than $940.00. The notes are unsecured, unsubordinated obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits or FDIC insured, pay no fixed interest and provide no dividend rights in IBM.

JPMorgan Chase Financial Company LLC plans to issue Capped Dual Directional Accelerated Barrier Notes due July 20, 2029, linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index, fully guaranteed by JPMorgan Chase & Co.

At maturity, investors receive 2.00 times any positive return of the least performing index, capped at a Minimum Maximum Upside Return of 80.00%. If each index finishes at or above 70.00% of its initial level but at or below par, the notes pay the absolute index decline, up to 30.00%, for a maximum of $1,300 per $1,000 when the least performing index is down 30.00%.

If any index closes below its 70.00% Barrier Amount, principal is reduced 1% for each 1% decline of the least performing index, potentially to zero. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, may be illiquid, and have an estimated value of about $980 per $1,000, not less than $950 at pricing, reflecting selling commissions and hedging-related costs.

JPMorgan Chase Financial Company LLC is offering $2,009,000 Auto Callable Contingent Interest Notes linked to the common stock of DexCom, Inc., due July 13, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 12.35% per annum contingent coupon (3.0875% per quarter) for each Review Date on which DexCom’s closing price is at or above the Interest Barrier of 50.00% of the Initial Value. The Initial Value is $73.02, so the Interest Barrier and Trigger Value are $36.51. If on any non-first, non-final Review Date DexCom closes at or above the Initial Value, the notes are automatically called for $1,000 plus that quarter’s interest.

If not called and the Final Value is at or above the Trigger Value, investors receive $1,000 plus the final contingent interest; if below, repayment falls to $1,000 × Final Value/Initial Value, exposing principal to losses beyond 50% and potentially to a total loss. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $962.50 per $1,000 note, below the $1,000 issue price due to selling commissions, structuring fees and hedging costs. The notes are not listed; secondary liquidity, if any, would depend on JPMS.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Auto Callable Contingent Interest Notes linked to Honeywell International Inc. common stock, maturing July 19, 2028. The notes pay a quarterly Contingent Interest Payment of at least $31.625 per $1,000 note, equivalent to a minimum 12.65% per annum, for any Review Date on which Honeywell’s share price is at least 70% of the Initial Value.

The notes may be automatically called as early as January 14, 2027 if Honeywell’s share price on specified Review Dates is at or above the Initial Value, returning $1,000 per note plus the applicable Contingent Interest Payment and any previously unpaid contingent interest. If not called and the Final Value is at least 70% of the Initial Value, holders receive $1,000 at maturity plus the final Contingent Interest Payment and any unpaid prior contingent interest.

If the notes are not automatically called and the Final Value is below 70% of the Initial Value, the maturity payment equals $1,000 plus $1,000 times the Stock Return, creating one-for-one downside exposure to Honeywell’s share price and the possibility of losing most or all principal. The notes are unsecured and unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., with an estimated value of approximately $970.00 per $1,000 note if priced on the reference date and a minimum estimated value at pricing of $950.00 per $1,000 note.

JPMorgan Chase Financial Company LLC is issuing $250,000 of Uncapped Buffered Digital Notes linked to the S&P 500^® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are unsecured and unsubordinated and expose holders to the credit risk of both entities.

The notes offer uncapped exposure to Index appreciation at maturity, with a Contingent Digital Return of 60.50% if the Final Value is at least the Initial Value, or the full Index Return if higher. A 20.00% Buffer Amount protects principal for moderate declines, but losses accelerate beyond the buffer at a Downside Leverage Factor of 1.25, so investors can lose some or all principal. The Initial Value of the Index on the pricing date was 603.95, and the notes are scheduled to mature on July 14, 2031.

The price to public is $1,000 per note, including $7.50 in selling commissions, for issuer proceeds of $992.50 per note. The estimated value was $966.20 per $1,000 at pricing, reflecting embedded costs and internal funding assumptions. The notes pay no interest, will not be listed on any exchange, may have limited or no liquidity, and are subject to market, futures, roll, tax and structural risks described in detail in the risk disclosures.