JPMorgan Chase & Co. 424B Filings

JPMorgan Chase & Co. provides a July 2026 performance update for the rules-based J.P. Morgan Total Return SM Index, which allocates dynamically among 12 U.S. dollar fixed income ETFs. The Index rebalances monthly into the basket with the highest prior 6‑month performance, generally subject to a 5% historical volatility threshold and concentration limits, and is calculated on a total return basis.

The Index was established on July 13, 2017. Reported annual returns include gains of 12.96% in 2019, 7.62% in 2020, and 6.92% in 2023, and a loss of 9.72% in 2022. The update emphasizes that results before launch are hypothetical backtests using proxies and that both past and backtested performance are not indicative of future results.

Key risks highlighted include reliance on a momentum-based strategy, the limited operating history, the use of notional (rather than actual) assets, and exposure to various fixed-income sectors such as high yield, emerging markets, mortgage-backed securities, preferred stock, and inflation-protected securities. Credit risk of JPMorgan Financial and JPMorgan Chase & Co. also applies to notes linked to the Index.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes due June 23, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the closing level of both the Nasdaq-100® Technology Sector and the Russell 2000® Index is at or above 70.00% of its Initial Value, which serves as both the Interest Barrier and Trigger Value in the examples. The indicative Contingent Interest Rate is at least 10.30% per annum, paid monthly if conditions are met.

The issuer can redeem the notes early, in whole but not in part, on any Interest Payment Date starting on October 22, 2026, paying $1,000 per note plus the applicable contingent interest, after which no further payments are made. If the notes are not redeemed and, on the final Review Date, the Final Value of either index is below its Trigger Value, investors receive $1,000 plus $1,000 times the Lesser Performing Index Return and may lose a significant portion or all of principal. The estimated value is approximately $957.40 per $1,000 note if priced today and will not be less than $900.00 per $1,000 at pricing, reflecting embedded costs and issuer funding assumptions. The notes do not pay fixed interest, do not provide upside participation in either index, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

J.P. Morgan provides a July 2026 performance update for the J.P. Morgan Multi-Asset Index, a rules-based futures strategy that reallocates at least monthly among up to 10 futures-based indices across equities, fixed income, commodities and regions, subject to volatility and concentration limits and a daily deduction of 1.00% per annum. The index was established on November 18, 2022 and combines hypothetical backtested data from February 1994 through November 2022 with actual performance thereafter.

Over the most recent 10-year period shown, the index exhibits a Sharpe Ratio of 0.48, annualized volatility of 4.54% and an annualized return of 2.18%, compared with a Domestic 30/70 equity/bond portfolio at a Sharpe Ratio of 0.46, volatility of 6.39% and return of 2.94%. The update details recent monthly asset and regional weights, monthly and annual return history since 2017, and extensive risk disclosures emphasizing the limits of backtested data, the excess-return construction, potential concentration in bond constituents, use of notional assets and short positions, and broad market, futures, correlation and liquidity risks.

JPMorgan Chase & Co. provides updated hypothetical and actual historical performance data for the MerQube US Large-Cap Vol Advantage Index, which underlies certain structured notes. Performance is backtested from January 7, 2005 through February 10, 2022 and based on actual index levels from February 11, 2022 through June 30, 2026.

The Index was established on February 11, 2022 and is an excess return index using futures and significant leverage, with a 6.0% per annum daily deduction. Disclosures highlight risks including volatility drag, potential for the index to be significantly uninvested, concentration and futures-contract risks, and the possibility that the Index may not approximate its target volatility or outperform alternative strategies.

The material stresses that historical and hypothetical backtested results, calculated by MerQube, have inherent limitations and are not indicative of future performance, and that investments in notes linked to the Index may not be suitable for all investors.

JPMorgan Chase Financial Company LLC is offering unsecured, auto callable contingent interest notes due July 29, 2032, linked to the MerQube US Tech+ Vol Advantage Index and fully guaranteed by JPMorgan Chase & Co. Investors may receive a monthly Contingent Interest Payment only when the Index closes at or above 70.00% of its Initial Value, and the notes are automatically called quarterly if the Index is at or above the Initial Value, beginning July 26, 2027.

If the notes are not called and the Final Value is below the Trigger Value of 50.00% of the Initial Value, repayment at maturity is reduced dollar-for-dollar with Index losses, potentially to zero, so principal is not protected. The indicative Contingent Interest Rate is at least 17.60% per annum, but payments can be skipped for any period when the barrier is not met. The Index embeds a 6.0% per annum daily deduction and a notional financing cost tied to SOFR plus 0.50%, which systematically drags performance and can cause the Index to lag the QQQ Fund and similar benchmarks. An initial estimated value of approximately $935.40 per $1,000 note (not less than $900.00) reflects embedded costs, and liquidity will depend on JPMS making a market, with likely discounts to the issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured notes linked individually to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on July 18, 2030, in minimum denominations of $1,000. The notes may be automatically called on any annual Review Date from July 20, 2027 if each Index closes at or above its Call Value, set at 100.00% of its Initial Value, paying back $1,000 plus a Call Premium Amount of at least 13.15%, 26.30%, 39.45% or 52.60% of principal, depending on the call year.

If not called, principal is protected only if the Final Value of every Index is at or above its Barrier Amount, set at 70.00% of its Initial Value. If any Index finishes below its Barrier, repayment is reduced one-for-one with the Least Performing Index’s loss, so investors can lose more than 30% and up to all principal. The issuer states that, if priced today, the estimated value would be about $971.30 per $1,000 note and will not be less than $900.00 per $1,000, reflecting embedded fees, hedging costs and the issuer’s internal funding rate. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, callable contingent interest notes due July 19, 2029 linked individually to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index. Investors receive a Contingent Interest Payment on a Review Date only if each index closes at or above 70.00% of its Initial Value (the Interest Barrier). The issuer may redeem the notes early on specified Interest Payment Dates, beginning January 21, 2027, paying $1,000 per note plus any due contingent interest.

If the notes are not redeemed early and on the final Review Date any index finishes below its 70.00% Trigger Value, principal is reduced 1% for each 1% decline in the Least Performing Index, potentially to zero. The illustration table assumes a Contingent Interest Rate of 9.40% per annum (0.78333% per month), with total contingent interest over the term ranging from $0 to $282.0000 per $1,000 note, depending on how many payments occur. If priced today, the estimated value would be approximately $949.50 per $1,000 note, and at pricing it will not be less than $900.00, reflecting selling commissions, structuring and hedging costs.

JPMorgan provides a performance update for notes linked to the MerQube US Large‑Cap Vol Advantage Index, an index established on February 11, 2022. The index offers rules‑based exposure to unfunded E‑Mini S&P 500 futures, targeting 35% volatility with dynamic exposure between 0% and 500% of futures notional. The index level reflects a 6.0% per annum daily deduction.

For the period from June 2016 through June 2026, the index shows a backtested and actual 10‑year annualized return of 15.54% with 10‑year annualized volatility of 29.75%, compared with the S&P 500 Index at 13.58% return and 18.10% volatility. Monthly and annual hypothetical and actual returns from January 2017 through June 2026 are presented, alongside recent daily exposure levels through June 2026.

The update highlights extensive risks, including leverage up to 500%, potential volatility drag, limited operating history, excess‑return structure, and reliance on hypothetical backtested results. Multiple disclaimers emphasize that historical and backtested performance are not indicative of future results and that the notes are unsecured, not bank deposits, and not insured by government agencies.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on July 20, 2028. Investors receive monthly Contingent Interest Payments only if, on each Review Date, the Index closes at or above 70.00% of its Initial Value (the Interest Barrier). The notes are automatically called, starting January 19, 2027, if on an applicable Review Date (after the first five) the Index is at or above the Initial Value, paying back $1,000 plus that period’s interest. If the notes are not called and the Final Value is below the Trigger Value (also 70.00% of Initial Value), repayment is reduced 1% for each 1% Index decline, down to zero, so investors risk losing all principal. The Index uses leveraged exposure (up to 500%) to E‑mini S&P 500 futures and is reduced by a 6.0% per annum daily deduction, which drags performance. The indicative estimated value is between $900.00 and about $925.10 per $1,000 note, below the issue price, reflecting selling costs and hedging.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured callable contingent interest notes linked individually to the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, maturing on June 20, 2031. Investors may receive a monthly Contingent Interest Payment only when the closing level of each Index on a Review Date is at least 75.00% of its Initial Value, the Interest Barrier; otherwise no interest is paid for that period.

The issuer can redeem the notes early, in whole, on specified Interest Payment Dates, starting January 21, 2027, paying $1,000 per note plus any due contingent interest. If the notes are not called and, on the final Review Date, the Final Value of any Index is below its Trigger Value of 60.00% of its Initial Value, principal is reduced 1% for each 1% decline in the Least Performing Index, down to a total loss. The hypothetical Contingent Interest Rate will be at least 9.45% per annum, and the indicative estimated value is about $967.50 per $1,000 note, not less than $900. Payments and pricing are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on July 18, 2031. Each note has a $1,000 principal amount and is expected to price on or about July 15, 2026 and settle on or about July 20, 2026.

At maturity, investors receive 1.99 times any positive index performance, with no cap. If the index is flat or down by up to the 25.00% Buffer Amount, principal is returned. If the index falls by more than 25.00%, investors lose 1% of principal for each additional 1% decline, up to a maximum loss of 75.00% (down to $250 per $1,000). The notes pay no interest, are not FDIC-insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value is currently indicated at $981.80 per $1,000 note and will not be less than $900.00 per $1,000 when set, reflecting embedded selling, structuring and hedging costs. The underlying index tracks the excess return of rolling E-mini® S&P 500® futures, and performance can be affected by futures-market factors such as volatility, margin policies and negative roll returns.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the Class B common stock of NIKE, Inc. The notes have a minimum denomination of $1,000 and are expected to price on or about July 30, 2026 and settle on or about August 4, 2026.

The notes may be automatically called on August 2, 2027 if NIKE’s share price is at or above 100.00% of the initial value, paying $1,000 plus a call premium of at least $285.00 per note. If not called and NIKE appreciates, investors receive 1.50 times the stock return at maturity; if the final value is between 60.00% and 100.00% of the initial value, principal is returned. Below 60.00%, principal is reduced one-for-one with the stock loss, potentially to zero. The notes pay no interest or dividends and carry the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing market-linked notes tied to the lowest performer of the Nasdaq-100 Index, EURO STOXX 50 Index and Russell 2000 Index, maturing on July 20, 2029, with a principal amount of $1,000 per security.

The notes pay a contingent quarterly coupon at a rate of at least 11.55% per annum only if, on the relevant calculation day, the lowest-performing index is at or above its threshold level, set at 75% of its starting level. From January 2027 through April 2029, if on any calculation day the lowest-performing index is at or above its starting level, the notes are automatically called at par plus a final contingent coupon.

If not called, principal is repaid at maturity only if the lowest-performing index on the final calculation day is at or above its threshold level; otherwise, investors are fully exposed to the decline of that index and can lose more than 25% and up to all of their principal. The price to public is $1,000 per note, including $23.25 in fees and commissions, with an indicative estimated value of approximately $948.70 per note.

JPMorgan Chase Financial Company LLC is offering $5,016,000 of auto callable contingent interest notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing on July 13, 2027 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 8.50% per annum (2.125% quarterly) only if each index is at or above 60.00% of its Initial Value on a Review Date; they are automatically called if each index is at or above its Initial Value. If not called and a Trigger Event occurs (either index closes below 60.00% of its Initial Value during the monitoring period) and the lesser-performing index finishes below its Initial Value, principal is reduced 1% for each 1% decline, up to total loss. The price to public is $1,000 per note, including $7.25 in fees, with issuer proceeds of $992.75 and an estimated initial value of $987.50 per note.

JPMorgan Chase Financial Company LLC is issuing Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $775,000, at $1,000 per note.

The notes provide 1.20x any positive Index return at maturity, with a 20.00% downside buffer. If the Index is down 20.00% or less, investors receive principal back; if it is down more than 20.00%, principal is reduced 1% for each 1% decline beyond the buffer, up to a maximum loss of 80.00%, or $800 per $1,000.

The notes pay no interest, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value at pricing was $984.00 per $1,000, below the issue price, reflecting selling commissions and hedging and structuring costs. The notes will not be listed on an exchange, so liquidity and secondary-market pricing depend on J.P. Morgan Securities LLC.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $613,000 of Auto Callable Buffered Return Enhanced Notes linked to the common stock of NVIDIA Corporation, each in $1,000 denominations. The notes priced on July 8, 2026 and are expected to settle on or about July 13, 2026, and mature on July 13, 2028, unless automatically called on July 12, 2027.

The notes offer a Call Premium Amount of $169 per $1,000 note if automatically called when NVIDIA’s stock closes at or above the Call Value (100% of the Initial Value) on the Review Date. If not called and NVIDIA’s Final Value exceeds the Initial Value of $204.12, investors receive 1.50 times the stock’s positive return; if the Final Value is down by up to the 20% Buffer Amount, principal is returned. Below the buffer, principal is reduced dollar-for-dollar, with losses up to 80%. The price to public is $1,000, including selling commissions of $24.50 and net proceeds of $975.50 per note; the issuer’s estimated value is $970.60 per $1,000 note. Payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co., and the notes pay no interest or dividends and are not listed on any exchange.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $371,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on July 11, 2031. The notes are issued in $1,000 minimum denominations and priced at $1,000 per note.

The notes may be automatically called on quarterly review dates starting July 12, 2027 if the Index closes at or above 90% of its initial level, paying $1,000 plus a fixed call premium that steps from 20% on the first review date up to 95% on the sixteenth. If not called and the final Index level is above the initial level, investors receive 1.75 times the Index gain; if the final level is at or above 60% of the initial level, principal is returned.

If the final Index level is below 60% of the initial level, repayment is fully exposed to Index losses, and principal can be largely or entirely lost. The Index embeds a 6.0% per annum daily deduction and can employ up to 500% futures exposure, so it may underperform an equivalent index without this fee and can be volatile. The estimated value at pricing was $922.10 per $1,000 note, below the public offering price, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $742,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performance of the Nasdaq-100 Futures Excess Index and the S&P 500® Futures Excess Return Index, maturing on July 12, 2029. The notes may be automatically called on July 12, 2027 if each index is at or above its Call Value, paying $1,238 per $1,000 note, including a $238 call premium.

If not called and both final index levels exceed their initial values, investors receive $1,000 plus 2.00x the appreciation of the lesser-performing index. If either index finishes at or below its initial value but both remain at or above 70% of initial (the Barrier Amount), principal is returned. If either index falls below its Barrier Amount, principal is reduced one-for-one with the lesser-performing index and can be fully lost. The notes pay no interest, are unsecured obligations subject to the credit risk of both issuer and guarantor, and priced at $1,000 per note with an estimated value of $972 per $1,000 at issuance.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on July 25, 2030. The notes provide an uncapped payoff of at least 1.82 times any positive Index return at maturity, with no periodic interest.

Principal is protected only by a 20.00% downside buffer: if the Index is down 20% or less, holders receive par; below that, investors lose 1% of principal for each 1% additional Index decline, for a maximum loss of 80.00% of principal. Minimum denomination is $1,000.

The initial estimated value is about $982.80 per $1,000 note and will not be less than $900.00, below the issue price because of selling, structuring and hedging costs. The notes are unsecured, unsubordinated obligations exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and will not be listed, so liquidity may be limited.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured notes linked to the S&P 500® Futures Excess Return Index, designed to give leveraged exposure to any index appreciation while returning principal at maturity.

For each $1,000 note, investors receive $1,000 at maturity plus an Additional Amount equal to $1,000 × Index Return × a participation rate of at least 129.00%, with the Additional Amount floored at zero. The notes pay no periodic interest, are unsecured, not insured by the FDIC, and will not be listed on any exchange, so liquidity depends on J.P. Morgan Securities LLC making a market. The estimated value would be approximately $982.90 per $1,000 note if priced on the example date and will not be less than $900.00 per $1,000 at issuance. The notes are treated as contingent payment debt instruments for U.S. tax purposes and are exposed to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $4,554,000 of Auto Callable Contingent Interest Notes linked individually to the Russell 2000 Index and the S&P 500 Index, due July 13, 2027, in $1,000 denominations.

The notes pay a Contingent Interest Rate of 10.95% per annum (2.7375% per quarter) only for Review Dates when each index closes at or above 70% of its Initial Value; otherwise no interest is paid. The notes are automatically called, returning $1,000 plus that period’s interest, if on any non-final Review Date each index is at or above its Initial Value.

If not called, investors receive at maturity $1,000 plus the final contingent interest if either each index is at or above its Initial Value or no Trigger Event has occurred. If a Trigger Event occurs (either index closes below 70% of its Initial Value during the Monitoring Period) and the lesser performing index finishes below its Initial Value, principal is reduced one-for-one with that index’s decline, potentially to zero. The price to public is $1,000, including $7.25 in selling commissions; net proceeds to the issuer are $992.75 per note, and the issuer’s estimated value is $984.80 per note.

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 Russell 2000, S&P 500 and EURO STOXX 50 indices, maturing on January 13, 2028. The notes pay a Contingent Interest Payment on each Review Date only if the closing level of each index is at least 70.00% of its Initial Value (the Interest Barrier). If on any non-final Review Date each index is at or above its Initial Value, the notes are automatically called, returning $1,000 per note plus that period’s contingent interest, with no further payments.

If not called, at maturity investors receive $1,000 plus the final contingent interest if the Final Value of each index is at least 65.00% of its Initial Value (the Trigger Value). If any index finishes below its Trigger Value, repayment is reduced by the full negative return of the Least Performing Index, exposing investors to significant principal loss up to total loss. The hypothetical Contingent Interest Rate is 11.10% per annum (2.775% per quarter), and the estimated value today is about $989.80 per $1,000 note, with a minimum estimated value at pricing of $960.00. The minimum denomination is $1,000, and the notes are unsecured, unlisted, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering market-linked, auto-callable securities due July 31, 2031, in $1,000 denominations. These notes are linked to the worst-performing of the S&P 500 Index and Nasdaq‑100 Index and expose principal to market risk.

The price to public is $1,000 per security, including up to $28.25 in selling commissions, for issuer proceeds of $971.75 per security. If priced on the described terms, the estimated value would be about $942.10, and when set it will not be less than $910.00, reflecting embedded costs and dealer hedging economics.

The notes auto-call if, on any annual call date from July 30, 2027 through July 28, 2031, the lowest-performing index is at or above its starting level. Investors then receive principal plus a call premium of at least 10.40% of principal in year 1, rising in steps to at least 52.00% by the final call date. If never called and the worst index’s final level is at or above 70% of its starting level, principal is repaid; below that threshold, repayment is reduced one-for-one with the index loss, so investors can lose more than 30%, up to all, of principal.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $313,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on July 11, 2031. The notes may be automatically called on July 14, 2027 if the Index is at or above the Call Value, paying $1,270 per $1,000 note (principal plus a $270 call premium).

If not called, at maturity holders receive leveraged upside of 1.75x any Index appreciation, par repayment if the Index is at or above 60% of its Initial Value, and a 1:1 loss below that Barrier Amount, up to total principal loss. The Index embeds a 6.0% per annum daily deduction and uses volatility-targeted, potentially leveraged exposure (up to 500%) to E-mini S&P 500 futures. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are sold in minimum denominations of $1,000, and were priced at 100% of principal with selling commissions of $36.25 per $1,000 and issuer proceeds of $963.75 per $1,000. The estimated value at pricing was $890.70 per $1,000.

JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked individually to the iShares MSCI EAFE ETF, the iShares MSCI Emerging Markets ETF and the EURO STOXX 50 Index, maturing on July 13, 2029. The notes pay a Contingent Interest Payment on each quarterly Review Date only if the closing value of every Underlying is at or above an Interest Barrier of 75.00% of its Initial Value; otherwise no interest is paid for that period. The issuer may automatically call the notes after approximately three months and on subsequent Review Dates if each Underlying is at or above its Initial Value, returning $1,000 per note plus the applicable Contingent Interest Payment, with no further payments.

If the notes are not called, principal protection is limited by a 25.00% buffer: at maturity, if the Final Value of each Underlying is at or above 75.00% of its Initial Value, investors receive $1,000 plus the final Contingent Interest Payment; if any Underlying finishes below 75.00%, repayment is reduced dollar‑for‑dollar beyond the buffer, for a potential maximum principal loss of 75.00% per $1,000 note. Illustrative terms include a Contingent Interest Rate of 12.00% per annum (3.00% per quarter). The estimated value, if priced on the reference date, would be about $970.00 per $1,000 note, and will not be less than $950.00 per $1,000, reflecting embedded structuring and hedging costs, and any return is subject to the unsecured credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $2,235,000 of Auto Callable Contingent Interest Notes linked individually to the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, due July 12, 2029. The notes pay a contingent interest rate of 9.05% per annum (0.75417% per month) only on Review Dates when the closing level of each Index is at or above 70% of its Initial Value, which serves as both the Interest Barrier and Trigger Value in the hypotheticals.

The notes are auto-callable on certain Review Dates starting on January 8, 2027 if each Index is at or above its Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments. If the notes are not called and on the final Review Date any Index closes below its Trigger Value, the maturity payment is reduced by the full decline of the Least Performing Index, with potential loss of the entire principal. The price to public is $1,000 per note, including $29.50 in selling commissions and resulting in issuer proceeds of $970.50 per note; the estimated value at pricing is $946.40, reflecting structuring and hedging costs. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $2,239,000 of unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations, priced on July 8, 2026, expected to settle on or about July 13, 2026, and mature on July 11, 2031.

Investors may receive a 12.00% per annum Contingent Interest Payment (3.00% per quarter) on any Review Date when the Index is at or above 60.00% of its Initial Value (the Interest Barrier). The notes are automatically called, starting January 8, 2027, if on any non‑first, non‑final Review Date the Index is at or above its Initial Value, returning $1,000 plus that period’s contingent interest.

If not called, and the Final Value is at or above 60.00% of the Initial Value (the Trigger Value), investors receive $1,000 plus the final contingent interest; if the Final Value is below the Trigger Value, repayment is $1,000 plus $1,000 × Index Return, so principal loss can exceed 40% and reach 100%. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, uses a 35% target volatility with exposure between 0% and 500%, and historically will lag a comparable index without these drags. The estimated value at pricing was $907.40 per $1,000, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $646,000 of unsecured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, due July 11, 2031. Each note has a $1,000 denomination and may be automatically called as early as July 12, 2027 if the Index is at or above the Call Value, paying back principal plus a growing call premium (from 13.25% on the first Review Date up to 66.25% on the final Review Date).

If never called, investors receive full principal at maturity only if the Index decline does not exceed the 30% Buffer Amount; beyond that, losses increase 1-for-1, up to 70% of principal. The notes pay no interest and forgo QQQ dividends. The underlying Index uses a rules-based exposure to Invesco QQQ with target volatility of 35%, leverage up to 500%, a 6.0% per annum daily deduction, and a daily notional financing cost (SOFR plus 0.50%), all of which drag performance. The price to public is $1,000 per note, including $44 in fees, while the issuer’s estimated value is $906.90 per note, reflecting internal funding and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $497,000 of Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on July 11, 2031.

The notes may be automatically called on July 14, 2027 if the Index is at or above a specified Call Value, paying $1,000 principal plus a $315 Call Premium Amount per note. If not called, at maturity investors receive 1.75 times any positive Index return, par if the Index is at or above 60% of its Initial Value, or a one-for-one loss of principal for declines below that Barrier Amount.

The Index employs a volatility-targeting strategy with exposure to E-mini S&P 500 futures between 0% and 500% and is subject to a 6.0% per annum daily deduction, which drags performance. The notes are unsecured, pay no interest or dividends, have an estimated value of $914.70 per $1,000 at pricing, and expose holders to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering structured notes providing leveraged exposure to the lesser performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index. The notes offer an uncapped upside return of 1.745 times any positive performance of the lesser performing underlying at maturity, with a barrier at 70% of initial value. If either underlying finishes below its barrier, principal is reduced one-for-one with the loss on the lesser performer, up to a total loss. The notes pay no interest or dividends, mature on February 13, 2029, and are issued in $1,000 minimum denominations. Total offering size is $1,212,000, at $1,000 price to public versus an estimated value of $978.40 per note at pricing on July 8, 2026. The obligations are unsecured, unsubordinated and fully and unconditionally guaranteed by JPMorgan Chase & Co., subject to issuer and guarantor credit risk, and will not be listed, so liquidity depends on dealer bids.

JPMorgan Financial, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Broadcom Inc. The notes pay a monthly Contingent Interest Payment only if Broadcom’s closing price on a Review Date is at least 60.00% of the Initial Value, and missed coupons can be paid later once that barrier is met. The notes may be automatically called starting on January 22, 2027 if Broadcom’s price on an applicable Review Date (other than the first, second, third, fourth, fifth and final) is at least the Initial Value, returning $1,000 per note plus due contingent interest. If not called and the final price is below 50.00% of the Initial Value, investors receive $1,000 plus $1,000 × Stock Return, risking a substantial or total loss of principal. The indicative Contingent Interest Rate is at least 13.00% per annum, with an estimated value of about $940.00 per $1,000 note today and not less than $920.00 at pricing. The notes are unsecured, unsubordinated 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 issuing $732,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 8.50% per annum, credited monthly when the Index is at or above 53.00% of the Initial Value, with unpaid interest amounts accruing if conditions are later met. The notes may be automatically called quarterly starting on July 8, 2027 if the Index is at or above its Initial Value, returning principal plus due contingent interest.

If not called, principal is protected only down to a Buffer Threshold of 85.00% of the Initial Value; below this level at maturity, investors lose 1% of principal for each 1% Index decline beyond the 15.00% Buffer Amount, up to an 85.00% loss of principal. The underlying Index employs up to 500% leverage, targets 35% implied volatility and is reduced by a 6.0% per annum daily deduction plus a daily notional financing cost, which will cause it to lag an identical index without these deductions. Each note has a $1,000 denomination; issue price is $1,000, with $39 in selling commissions and an estimated value of $910, and payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing on July 27, 2029, in $1,000 minimum denominations. The notes provide unleveraged exposure to index appreciation up to a Maximum Upside Return of at least 25.00% and to the absolute value of index declines up to a 30.00% Buffer Amount.

At maturity, if the index is up, investors participate in the index return, capped at the Maximum Upside Return; if the index is flat or down by up to 30.00%, they receive a positive return equal to the Absolute Index Return, up to a maximum payment of $1,300 per $1,000 note when the index is down 30.00%. If the index falls by more than 30.00%, principal is reduced 1% for each additional 1% decline, for a potential loss of up to 70.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and have an indicative estimated value of approximately $982.80 per $1,000 note, with the final estimated value to be no less than $900.00.

JPMorgan Chase Financial Company LLC is offering $1,975,000 of unsecured, unsubordinated Callable Contingent Interest Notes due August 12, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment at a rate of 12.25% per annum (1% per month) only for Review Dates when the closing value of each of the Dow Jones Industrial Average, the Russell 2000 Index and the State Street Technology Select Sector SPDR ETF 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 14, 2026 (excluding the first, second and final Interest Payment Dates), paying $1,000 plus any due contingent interest.

If the notes are not redeemed early and, on the final Review Date, the Final Value of any underlying is below its 60.00% Trigger Value, the maturity payment becomes $1,000 plus $1,000 multiplied by the return of the Least Performing Underlying, exposing investors to significant principal loss up to full loss. If every underlying’s Final Value is at or above its Trigger Value, investors receive $1,000 plus any final contingent interest. The price to public is $1,000 per note, including $7.25 of selling commissions, with issuer proceeds of $992.75 per note and an estimated value of $982.80 per note at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Medium-Term Notes, Series A, Capped Enhanced Participation Basket-Linked Notes due August 18, 2028. Each $1,000 note pays no interest and its maturity payment depends on an unequally weighted equity index basket: EURO STOXX 50® 40.00%, TOPIX® 25.00%, FTSE® 100 17.00%, Swiss Market Index 11.00% and S&P/ASX 200 7.00%. The initial basket level is set to 100 and investors participate in positive performance at a 3.00 upside participation rate, subject to a cap level expected between 112.46% and 114.65%, giving a maximum settlement amount expected between $1,373.80 and $1,439.50 per $1,000 note. If the final basket level is below the initial level, principal is reduced one-for-one with the decline, down to a total loss. The original issue price is 100.00% of principal with no underwriting commission; the estimated value is expected between $976.80 and $986.80 per $1,000, reflecting structuring and hedging costs. The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., will not be listed, and carry full market, credit, liquidity, tax and structural risks highlighted in the risk factor discussion.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Medium-Term Notes, Series A, Enhanced Participation Basket-Linked Notes due January 20, 2028. The notes pay no interest and the maturity payment depends on an unequally weighted equity index basket: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (7%).

The initial basket level is set to 100; the final basket level is a weighted performance measure of each index between the trade date and the determination date of January 18, 2028. The basket return is the percentage change from the initial basket level. If the basket rises, investors receive principal plus an upside multiple, with an expected upside participation rate between 1.35 and 1.59. If the basket falls, principal is reduced one-for-one with the decline, and investors can lose their entire investment.

The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. They are not listed, have no redemption feature, and their estimated value at issuance is expected between $970.90 and $980.90 per $1,000, below the 100% issue price, reflecting dealer compensation, hedging costs and structuring fees. The underwriting commission may be up to 1.51% of principal. The tax treatment is complex, and potential regulatory changes could adversely affect after-tax returns.

JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Equity Notes linked to the iShares® MSCI Emerging Markets ETF (EEM). The notes have a Participation Rate of at least 80.00%, a Buffer Amount of 25.00%, a Strike Value of $66.23 (closing price on July 8, 2026), expected pricing on or about July 9, 2026, settlement on or about July 14, 2026, an Observation Date of July 9, 2029 and a Maturity Date of July 12, 2029. Payments at maturity: if Final Value > Strike Value, investor receives $1,000 + ($1,000 × Fund Return × Participation Rate); if Final Value declines by up to the 25.00% buffer, principal is returned; if decline exceeds the buffer, losses occur pro rata (up to 75.00% loss). Minimum denomination is $1,000. Estimated value if priced today: approximately $980.00 per $1,000 note (will be ≥ $950.00). CUSIP: 46661CQ74. Payments depend on issuer and guarantor credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is pricing uncapped Accelerated Barrier Notes due July 14, 2036, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes (minimum denominations $1,000) return at least 4.185 times any appreciation of the lesser performing of the Nasdaq-100 Futures Excess Index and the S&P 500® Futures Excess Return Index at maturity, subject to a 60.00% barrier per Index. If either Index closes below its barrier on the observation date, investors suffer dollar-for-dollar losses on the Lesser Performing Index (potentially losing all principal). Estimated value at pricing is approximately $970.00 per $1,000 (will not be less than $950.00 when set). The notes do not pay interest, are not exchange-listed, and are subject to the credit risk of JPMorgan Financial and its guarantor.

JPMorgan Chase Financial Company LLC is offering capped buffered return enhanced notes linked to the S&P 500 Index due July 13, 2028, fully guaranteed by JPMorgan Chase & Co. Each note has a $10 principal amount, an upside leverage factor of 2.00, a 10.00% buffer, a stated Maximum Return of at least 25.85% (maximum payment of at least $12.585 per $10) and a Downside Leverage Factor of 1.11111. Notes are expected to price on or about July 9, 2026 and settle on or about July 14, 2026. The estimated value at issuance would be approximately $9.956 per $10 note and will not be less than $9.60 per $10. Investors bear index downside beyond the 10% buffer, credit risk of the issuer and guarantor, no dividends or interest, limited liquidity, and capped upside.

JPMorgan Chase Financial Company LLC priced structured, auto-callable Review Notes linked to the lesser performing of the State Street Technology Select Sector SPDR ETF (XLK) and the VanEck Semiconductor ETF (SMH). The notes have $1,000 minimum denominations, are expected to price on or about July 16, 2026 and settle on or about July 21, 2036 (Original Issue Date stated as July 21, 2026) with a final maturity of July 21, 2031. The notes are unsecured obligations of JPMorgan Chase Financial and fully guaranteed by JPMorgan Chase & Co.; payments are subject to issuer and guarantor credit risk. Automatic calls may occur on specified Review Dates beginning July 20, 2027, with a schedule of minimum Call Premium Amounts that ranges from 17.25% ($172.50) on the first Review Date to 86.25% ($862.50) on the final Review Date. The Barrier Amount for each Fund is 60.00% of its Initial Value; Call Value is 100.00% of Initial Value. The estimated value at issuance is approximately $913.20 per $1,000 note and will not be less than $900.00 per $1,000 note. Investors may lose more than 40.00% of principal (and could lose all) if the Final Value of the Lesser Performing Fund is below the Barrier Amount.

JPMorgan Chase Financial Company LLC (guaranteed by JPMorgan Chase & Co.) is offering capped buffered return enhanced notes linked to an unequally weighted basket of five indices due July 27, 2028. The notes provide 1.50× participation in positive Basket appreciation up to a Maximum Return of at least 27.65% (at least $1,276.50 per $1,000 note) and a 10.00% buffer against downside losses; losses beyond the buffer reduce principal on a one-for-one basis, exposing investors to up to 90.00% principal loss. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., expected to price on or about July 24, 2026 and settle on or about July 29, 2026. The estimated value at pricing would be no less than $900.00 and an example estimated value is $986.10 per $1,000 principal amount.

JPMorgan Chase Financial Company LLC is offering Capped Accelerated Barrier Notes linked to Enphase Energy, Inc. common stock due January 11, 2029. The notes provide 2.50× upside leverage on stock appreciation up to a Maximum Return of at least 283.50%, with an 80.00% Barrier (Barrier Amount = $34.416) and a Strike Value of $43.02 determined on July 8, 2026. Pricing is expected on or about July 9, 2026 with settlement on or about July 14, 2026. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and expose investors to principal loss if the Final Value falls below the Barrier.

JPMorgan Chase Financial Company LLC is offering callable Contingent Interest Notes linked to one share of Robinhood Markets, Inc. Class A common stock. The notes are sold in $1,000 denominations, expected to price on or about July 16, 2026 and settle on or about July 21, 2026, and mature on June 22, 2028. Payments depend on periodic Review Dates: a Contingent Interest Payment is payable for a Review Date only if the closing price of the Reference Stock is at least 50.00% of the Initial Value (the Interest Barrier).

The Contingent Interest Rate will be at least 27.00% per annum (at least 2.25% per month). If the Final Value is below the Trigger Value (50% of Initial Value) at maturity, holders suffer losses equal to the stock return on principal (e.g., a -60.00% Stock Return yields $400 per $1,000). The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering three separate series of Trigger Autocallable Contingent Yield Notes due on or about January 13, 2028, each fully and unconditionally guaranteed by JPMorgan Chase & Co. Each series is linked to a single underlying share: AppLovin (APP), CrowdStrike (CRWD) or KLA (KLAC).

Key economic terms: $10.00 per Note issue price; minimum purchase $1,000; approximately 18‑month term (unless called). Each Note pays a monthly Contingent Coupon only if the relevant Underlying closes at or above a Coupon Barrier on an Observation Date, and will be automatically called if the Underlying closes at or above its Initial Value on any monthly Observation Date. At maturity, if not called, principal is repaid in full only if the Final Value is at or above the Downside Threshold; otherwise principal is reduced proportionately to the Underlying Return. The cover lists minimum Contingent Coupon Rates of at least 30.50% (AppLovin), 22.75% (CrowdStrike) and 42.00% (KLA) per annum and Initial Values of $522.18, $191.12 and $221.18, respectively.

JPMorgan Chase Financial Company LLC is offering Digital Contingent Buffered Notes linked to Broadcom Inc. stock. Each note has a $1,000 principal amount and pays a Contingent Digital Return of 24.82% at maturity if the Final Stock Price is ≥ the Stock Strike Price or is down by no more than the Contingent Buffer Amount of 30.00%. If the Final Stock Price is more than 30.00% below the Stock Strike Price you suffer a proportional loss of principal. The Stock Strike Price is $373.90 (the closing price on the Strike Date). Pricing date was July 7, 2026, original issue (settlement) on or about July 10, 2026, valuation date July 19, 2027 and stated maturity July 22, 2027. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and carry the issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering $1,587,000 aggregate principal of Capped Buffered Enhanced Participation Basket‑Linked Medium‑Term Notes, Series A, due October 8, 2027 (settlement July 10, 2026). The notes return a payoff linked to an unequally weighted basket of five international indices from a trade date of July 7, 2026 to a determination date of October 6, 2027, with an initial basket level of 100, a buffer at 90.00% and an upside participation rate of 1.80, subject to a cap level of 112.88% and a maximum settlement amount of $1,231.84 per $1,000 note. The notes pay no interest, are unsecured obligations of JPMorgan Financial and are fully guaranteed by JPMorgan Chase & Co.; payments are subject to the issuer’s and guarantor’s credit risk. The estimated value when priced was $996.10 per $1,000 note and the original issue price was 100.00%.

JPMorgan Financial offers $1,000 per-security market-linked notes that are auto-callable and pay a contingent monthly coupon with a memory feature, linked to the lowest-performing common stock of SoFi (SOFI), Blackstone (BX) and Broadcom (AVGO). The notes price on July 14, 2026, are expected to issue on July 17, 2026, and mature on July 19, 2029. Each note’s contingent coupon is payable only if the lowest-performing underlying’s closing price on a calculation day meets or exceeds its threshold price (equal to 45% of its starting price). The contingent coupon rate will be set on the pricing date and will be at least 21.05% per annum. If automatically called after a calculation day when the lowest-performing underlying is >= its starting price, holders receive principal plus accrued contingent coupons; if the notes reach maturity and the lowest-performing underlying is below its threshold price, principal is reduced pro rata (the investor could lose more than 55% and possibly all principal). The estimated value at pricing is shown as $934.20 per security and will not be less than $900.00 per security; price to public is $1,000.00 (selling concessions and fees apply).

JPMorgan Chase Financial Company LLC priced callable contingent-interest notes linked to the lesser performing of the Nasdaq-100® Technology Sector and the Russell 2000® Index due January 21, 2028. The notes pay contingent monthly interest only if both Indices are >= an Interest Barrier of 70.00% of each Index’s Initial Value, may be redeemed early beginning October 20, 2026, and return at maturity either $1,000 plus a final contingent interest payment if both Final Values are >= their Trigger Value of 70.00%, or $1,000 × Lesser Performing Index Return (which can produce substantial principal loss). Pricing is expected on or about July 15, 2026 with settlement on or about July 20, 2026. The notes are unsecured obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering structured notes due July 19, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and can be automatically called on specified Review Dates beginning July 19, 2027 for a cash payment equal to $1,000 plus a Call Premium Amount. If not called, maturity payment depends on the Least Performing Index of the Dow Jones Industrial Average®, the Nasdaq-100® and the Russell 2000® relative to a Barrier Amount of 55.00% of each Indexs Initial Value; losses occur if the Least Performing Index falls below that barrier.

The notes are expected to price on or about July 14, 2026 and settle on or about July 17, 2026. Illustrative minimum Call Premiums are $124.50, $249.00 and $373.50 per $1,000 for the first, second and final Review Dates; the estimated value at pricing is shown as $950.50 per $1,000 and will not be less than $900.00 per $1,000. The notes are unsecured obligations of the issuer and expose investors to issuer/guarantor credit risk, limited upside, and potential full loss of principal.