JPMorgan Chase & Co. 424B Filings

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is issuing unsecured, unsubordinated Auto Callable Buffered Equity Notes linked to Eli Lilly and Company common stock. The notes may be automatically called on September 10, 2027 if Eli Lilly’s share price is at or above the initial stock price, paying $1,000 plus a call premium of at least 21.62% per note on the call settlement date.

If not called, at the August 31, 2028 maturity investors receive the greater of the stock’s positive return or a Contingent Minimum Return of at least 43.24% per $1,000, provided the final stock price is at or above the initial stock price. A 15% Buffer Amount protects principal for moderate declines; below this level, losses are leveraged by a Downside Leverage Factor of 1.17647, so a sufficiently large drop in Eli Lilly’s stock can result in substantial or total principal loss. The minimum denomination is $10,000, with integral multiples of $1,000, and the indicative estimated value is about $977.60 per $1,000 principal at pricing, not less than $960. Payments depend on the credit of JPMorgan Financial and the guarantee of JPMorgan Chase & Co., and the notes pay no interest or dividends.

JPMORGAN CHASE & CO, through JPMorgan Chase Financial Company LLC, is offering auto callable buffered return enhanced notes linked to an equally weighted Basket of four financial stocks: Bank of America, Capital One Financial, Morgan Stanley and Wells Fargo, each with a 25.00% Stock Weight.

The notes may be automatically called on September 10, 2027 if the Basket’s closing level is at or above the Starting Basket Level of 100, paying $1,000 plus a call premium of at least 16.75% per note on the Call Settlement Date. If not called and the Basket appreciates at the August 28, 2028 Valuation Date, holders receive an uncapped gain of at least 1.25× the Basket Return.

A 15.00% Buffer Amount protects principal for moderate declines, but below that investors lose 1.17647% of principal for every 1% additional drop in the Basket, up to full loss. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and the guarantee of JPMorgan Chase & Co. The estimated value is indicated as approximately $981.10 per $1,000 note if priced today and will not be less than $970.00 when finalized.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $140,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, due August 24, 2029, in $1,000 denominations. The notes pay a 12.50% per annum Contingent Interest (1.04167% monthly) only if, on a Review Date, the Index is at or above 65% of its Initial Value (the Interest Barrier); missed coupons can be paid later if the barrier is met.

The notes may be automatically called as early as August 23, 2027 if the Index is at or above 90% of its Initial Value (Call Value), returning $1,000 plus due and previously unpaid contingent interest, with no further payments. If not called, and at maturity the Index is at or above 65% of Initial Value (Trigger Value), investors receive $1,000 plus all due contingent interest. If the Final Value is below the Trigger Value, repayment is $1,000 + $1,000 × Index Return, exposing investors to loss of up to 100% of principal.

The Index dynamically adjusts exposure (0%–500%) to E-mini S&P 500 futures to target 35% implied volatility and is subject to a 6.0% per annum daily deduction, which drags performance versus an identical index without the fee. Price to public is $1,000 per note, with $7.50 in selling commissions and $992.50 in proceeds to the issuer; the estimated value at pricing was $945.20 per $1,000 note. Payments depend on the credit of JPMorgan Financial and the JPMorgan Chase & Co. guarantee, and the notes are unsecured, unsubordinated, not deposits, and not FDIC insured.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $325,000 of unsecured structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 24, 2029 and subject to an automatic call feature starting August 24, 2027.

Each $1,000 note can be automatically called on any Review Date if the Index is at or above 85.00% of its Initial Value, paying $1,000 plus a fixed Call Premium of 18.00%–54.00% of principal depending on the call date. If held to maturity without a call and the Final Index Value is at or above the Barrier Amount of 60.00% of the Initial Value (2,586.12), investors receive principal back; otherwise, repayment is $1,000 plus $1,000 × Index Return, exposing holders to losses greater than 40% and potentially 100% of principal.

The underlying Index uses a rules-based exposure to E-mini S&P 500 futures with target volatility of 35% and leverage between 0% and 500%, and is reduced by a 6.0% per annum daily deduction, which drags performance relative to a similar index without this fee. The notes pay no interest or dividends, carry JPMorgan Financial and JPMorgan Chase & Co. credit risk, are not listed, and had an estimated value of $944.60 per $1,000 note at pricing, below the $1,000 issue price due to embedded costs and hedging.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering $9,792,000 of Uncapped Dual Directional Buffered Return Enhanced Notes due August 24, 2028, linked to the lesser-performing of the Dow Jones Industrial Average® and the S&P 500® Index. The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if both indices finish above their initial levels, investors receive principal plus 1.06 times the lesser-performing index’s gain. If the lesser-performing index is flat or down by up to the 15.00% buffer, investors receive a positive, uncapped return equal to the absolute decline (up to 15.00%), with a maximum of $1,150 per $1,000 note in negative-index-return scenarios. If either index falls by more than 15.00%, principal is reduced 1% for each percentage point decline beyond 15.00%, down to a minimum of $150 per $1,000 note, so up to 85.00% of principal can be lost.

The price to public is $1,000 per note, including $1.50 in selling commissions, for issuer proceeds of $998.50 per note. The estimated value at pricing was $987.80 per $1,000, reflecting embedded selling, structuring and hedging costs. The notes will not be listed, secondary liquidity depends on J.P. Morgan Securities LLC, and values are subject to the credit risk of both the issuer and the guarantor.

JPMorgan Chase & Co. (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is issuing $1,000,000 of Auto Callable Contingent Interest Notes linked to the least performing of three iShares ETFs (MSCI EAFE, MSCI ACWI, Russell 3000), maturing August 23, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon of 6.50% per annum (0.54167% per month) only if on each Interest Review Date all three ETFs are at or above 70% of their Strike Value; missed coupons may be paid later if conditions are met. The notes are auto-called quarterly starting February 19, 2027 if each ETF is at or above its Strike Value, returning principal plus due and unpaid coupons. If held to maturity and any ETF finishes below its 60% Trigger Value, repayment is reduced one-for-one with the loss on the worst ETF, and investors can lose a significant portion or all of principal. The notes are unsecured obligations subject to the credit risk of both the issuer and JPMorgan Chase & Co., are not listed, and have an estimated initial value of $974 per $1,000 note versus a $1,000 issue price.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index. The notes can be automatically called on September 10, 2027 if the Index closing level is at or above the Initial Index Level, paying $1,000 plus a call premium of at least 9.90% per note on September 15, 2027. If not called, the notes mature on August 31, 2028 and provide uncapped leveraged upside of at least 1.50 times any positive Index Return.

If held to maturity and not called, investors receive full principal back when the Index is flat, a positive unleveraged return equal to the Absolute Index Return when the Index is down by up to the 20.00% Contingent Buffer Amount (with a maximum negative‑scenario payoff of $1,200 per $1,000 note), and 1:1 downside exposure beyond that buffer, risking some or all principal. The minimum denomination is $10,000. The notes pay no interest or dividends and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value would be approximately $983 per $1,000 note if priced on the described date and will not be less than $970, which is below the issue price due to selling commissions, hedging costs and dealer profits. JPMorgan has also committed $900,000 in aggregate charitable donations to Blue Star Families, which are not contingent on note sales.

JPMorgan Chase & Co. (JPM) is guaranteeing a $671,000 offering of JPMorgan Chase Financial Company LLC structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, maturing on August 26, 2031 and first callable on August 25, 2027. The notes are issued in $1,000 minimum denominations at $1,000 per note with underwriting fees of $44 per note and net proceeds of $956 per note (total proceeds $641,476). The issuer’s estimated value is $909.70 per $1,000, reflecting embedded costs and hedging assumptions.

The notes pay no interest or dividends and can be automatically called if, on a Review Date, the Index is at or above a Call Value equal to 90% of its initial level, returning principal plus a fixed Call Premium Amount that steps up from 12.35% on the first Review Date to 61.75% on the final Review Date. If not called and the Index is down at maturity by more than a 15% buffer, investors lose 1% of principal for each 1% decline beyond the buffer, up to an 85% loss.

The Index provides leveraged, rules-based exposure (up to 500%) to an unfunded position in Invesco QQQ Trust, Series 1, with a 35% target volatility. Its level is reduced by a 6.0% per annum daily deduction and a daily notional financing cost (SOFR plus 0.50%), which creates a persistent drag so the Index is expected to trail an identical index without these deductions. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and will not be listed, so liquidity will depend on dealer trading.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,891,000 of unsecured Buffered Digital Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, maturing September 24, 2027, in $1,000 denominations and fully guaranteed by JPMorgan Chase & Co.

The notes pay a fixed 8.30% Contingent Digital Return at maturity if the lesser performing index is at or above its initial level or down by up to a 20.00% Buffer Amount. If either index falls by more than 20.00%, principal is reduced 1% for each additional 1% decline in the lesser performer, for up to an 80.00% loss and a minimum repayment of $200 per $1,000 note. The price to public is $1,000 per note, with selling commissions of $4 and issuer proceeds of $996 per note; the estimated value was $992.10 per $1,000 note at pricing. The notes pay no interest or dividends, are not insured, will not be listed on an exchange, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Digital Buffered Notes linked to the S&P 500® Index. Each note has a price to public of $1,000 and a maturity on September 15, 2027, with payment fully and unconditionally guaranteed by JPMorgan Chase & Co.

If on the valuation date the S&P 500® level is at or above its initial level, or down by up to the 10.00% buffer, investors receive a fixed Contingent Digital Return of at least 8.77%, capping the maximum payment at $1,087.70 per $1,000 note. If the index falls by more than 10.00%, principal is lost on a leveraged basis: for every 1% decline beyond the buffer, repayment is reduced by 1.11111%, potentially leading to a full loss of principal. The notes pay no interest or dividends and will not be listed on an exchange; JPMS may make a secondary market but is not obligated to do so.

The notes’ value is sensitive to JPMorgan’s and JPMorgan Chase & Co.’s credit risk. The estimated value, if priced on the described date, would be about $988.30 per $1,000 note, and the final estimated value disclosed at pricing will not be less than $970.00, reflecting embedded selling commissions, hedging costs and issuer funding assumptions.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $8,774,000 of Capped Buffered Equity Notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing August 24, 2028 and issued in $1,000 minimum denominations.

At maturity, investors receive 1.00x appreciation of the lesser performing index, capped at a Maximum Return of 35.40%. A 30.00% buffer protects against moderate declines, but if either index falls by more than 30%, principal is reduced 1% for each additional 1% decline in the lesser performer, up to a 70.00% principal loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed, so liquidity may be limited.

The price to the public is $1,000 per note, including $1.50 in selling commissions, with net proceeds of $998.50 per note (total proceeds $8,760,839). The issuer’s estimated value at pricing was $988.50 per $1,000 note, reflecting embedded costs and internal funding and hedging assumptions. The offering includes detailed U.S. federal tax and Section 871(m) analyses and highlights that adverse tax guidance or credit spread changes could materially affect value.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the iShares^® MSCI Emerging Markets ETF (EEM), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide a 1.50x leveraged upside on positive ETF performance, capped at a Maximum Upside Return of at least 33.15%.

At maturity in August 2028, if the ETF is flat or down by up to the 10.00% Buffer Amount, investors receive the principal plus the Absolute Fund Return, effectively allowing gains on modest declines up to 10%. If the ETF falls more than 10%, principal is reduced 1% for each additional 1% drop, with up to 90.00% loss of principal possible.

The notes pay no interest or dividends, are not FDIC insured, and will not be listed on an exchange, so liquidity depends on repurchases by J.P. Morgan Securities LLC. The indicative estimated value is about $960 per $1,000 note and will not be less than $940 per $1,000 at pricing, reflecting embedded fees, hedging costs and JP Morgan’s internal funding rate. Tax treatment is complex and may involve “open transaction” and constructive ownership considerations.

JPMorgan Chase & Co. (through JPMorgan Chase Financial Company LLC) is offering unsecured, auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 6, 2033, in minimum denominations of $1,000. Investors receive a monthly Contingent Interest Payment only when the Index is at or above 70% of its Initial Value, at a rate that will be at least 18.00% per annum.

The notes are automatically called quarterly if the Index is at or above its Initial Value, starting as early as March 1, 2027, returning principal plus that period’s interest but ending future payments. If held to maturity without being called, full principal is returned only if the Final Index Value is at or above the 50% Trigger Value; otherwise, losses match Index declines and can reach 100%. The underlying Index employs up to 500% leverage and a 6.0% per annum daily deduction, which drags performance. The indicative estimated value is about $930 per $1,000 note (and will not be less than $900), and the notes are subject to the credit risk of both the issuer and guarantor, with no exchange listing and limited liquidity.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes due September 30, 2032, linked to the MerQube US Large-Cap Vol Advantage Index and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon of at least 18.00% per annum (1.50% per month) only when the Index is at or above 70% of its Initial Value, and can be automatically called quarterly from March 25, 2027 if the Index is at or above the Initial Value. If held to maturity and not called, principal is protected only if the Final Index Value is at or above 50% of the Initial Value; otherwise losses match the Index decline, up to 100% loss. The Index embeds a 6.0% per annum daily deduction and can use leverage up to 500%, which together can materially drag performance. The indicative estimated value is about $927.50 per $1,000 note and will not be less than $900, and investors face the credit risk of both the issuer and the guarantor.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated Callable Contingent Interest Notes linked to the least-performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on September 2, 2031 and fully guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment only if on a Review Date each index is at or above its Interest Barrier of 70.00% of its Initial Value. The Contingent Interest Rate will be at least 10.50% per annum (0.875% per month). JPMorgan may redeem the notes early, in whole, on any Interest Payment Date from December 2, 2026 (excluding the first, second and final dates).

If not redeemed and the Final Value of any index is below its Trigger Value of 55.00% of its Initial Value, principal is reduced 1% for each 1% index decline, potentially to zero. Minimum denomination is $1,000. The estimated value would be about $970 per $1,000 note if priced today and will not be less than $950 at pricing. Credit risk, lack of guaranteed interest, and limited liquidity are emphasized as key risks.

JPMorgan Chase & Co. (JPM), as guarantor, is supporting JPMorgan Chase Financial Company LLC in offering unsecured, unsubordinated Callable Contingent Interest Notes due August 31, 2028 linked to the least performing of the Russell 2000 Index, the State Street Energy Select Sector SPDR ETF and the EURO STOXX 50 Index. The notes pay a contingent interest rate of at least 10.30% per annum, payable monthly (0.85833% per month), only if on a Review Date the closing value of each underlying is at or above its Interest Barrier of 70% of Initial Value.

The notes are callable at the issuer’s option on specified Interest Payment Dates starting March 3, 2027, and principal is at risk. If not redeemed early and any underlying finishes below its Trigger Value of 60% of Initial Value on the final Review Date, investors lose 1% of principal for each 1% decline in the least performing underlying, up to full loss. Estimated value at launch is approximately $976.70 per $1,000 note, and will not be less than $940. The notes will not be listed, may have limited liquidity, pay no dividends, and expose investors to the credit risk of both the issuer and JPMorgan Chase & Co.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes due September 6, 2028, linked to the lesser performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Biotech ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Payment on each Review Date only if each fund’s closing price is at or above 65.00% of its Initial Value (the Interest Barrier) and may be automatically called if both funds are at or above their Initial Values. If not called and either fund finishes below its 65.00% Trigger Value, principal is reduced 1% for each 1% decline of the lesser performing fund, down to a total loss. The estimated value is expected to be below the $1,000 price to public, with a current illustration of about $947.30 and a minimum of $920.00 per $1,000 note, reflecting selling costs and hedging-related factors.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Structured Investments Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing September 5, 2031 and subject to full and unconditional guarantee by JPMorgan Chase & Co.

The notes feature automatic call on 17 scheduled Review Dates starting September 7, 2027 if the Index is at or above 100% of its Initial Value. On a call, investors receive $1,000 plus a Call Premium Amount that starts at at least 20% of principal on the first Review Date and increases in 5% steps up to at least 100% on the final Review Date, after which no further payments occur.

If not called, principal is protected only within a 15.00% Buffer Amount: if the Final Value is down by more than 15%, repayment is $1,000 + [$1,000 × (Index Return + 15%)], exposing investors to up to an 85.00% loss of principal. The underlying Index is an excess return volatility-target index linked to Invesco QQQ, subject to a 6.0% per annum daily deduction and a daily notional financing cost, both of which reduce performance versus the QQQ Fund. The indicative estimated value is about $908 per $1,000 note and will not be less than $900 at pricing, below the $1,000 price to public, reflecting selling costs and issuer economics. The notes pay no interest or dividends and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, a wholly owned finance subsidiary of JPMORGAN CHASE & CO (JPM), is issuing Digital Notes linked inversely to the 1‑Year U.S. Dollar SOFR ICE Swap Rate, guaranteed by JPMorgan Chase & Co. The offering totals $1,150,000, with a price of $1,000 per note.

At maturity on September 7, 2027, investors receive $1,090 per $1,000 note (a 9.00% Contingent Digital Return) if the final reference rate is at or below 3.979% or within a 28.10% increase over that strike. If the final rate exceeds this buffer, principal is reduced 1% for each 1% excess, up to a total loss.

The estimated value is $971.20 per $1,000 note, below the issue price due to selling commissions and hedging-related costs. The notes are intended to be held to maturity, may have limited liquidity, involve complex rate and tax considerations, and are treated as open transactions for U.S. tax purposes under current counsel opinion.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMorgan Chase & Co. (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering structured capped notes linked to the lesser performing of the S&P 500® Index and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on September 30, 2027, with an observation date on September 27, 2027, and are issued in minimum denominations of $1,000. At maturity, investors receive full principal repayment plus an Additional Amount based on the lesser index’s return, with a 100% participation rate and a cap (Maximum Amount) of at least $85 per $1,000. If either index ends at or below its initial level, only principal is repaid.

The notes pay no interest, provide no dividends, and are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. They will not be listed on any exchange, and secondary market prices are expected to be below the issue price. An illustrative estimated value is $991.10 per $1,000, and the final estimated value will not be less than $900.00 per $1,000, reflecting selling commissions and hedging-related costs. For U.S. tax purposes, JPMorgan currently intends to treat the notes as contingent payment debt instruments, requiring accrual of original issue discount over the term.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Digital Barrier Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq‑100 Index®, maturing May 28, 2027. Each note has a $1,000 denomination and pays no periodic interest.

At maturity, if each index’s final level is at least 95% of its initial level (the Digital Barrier), investors receive $1,000 plus a fixed return of at least 8.50%. If any index is below 95% but all are at or above 70% (the Barrier Amount), only principal is returned. If any index finishes below 70%, repayment is reduced 1% for each 1% decline of the least performing index; principal losses can exceed 30% and reach 100%.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not FDIC insured. An example estimated value is about $982 per $1,000 note, and the final estimated value will not be less than $900. The notes are not exchange‑listed, expose holders to large‑cap, small‑cap and certain non‑U.S. equity risks, and involve complex U.S. tax treatment described as prepaid financial contracts.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMORGAN CHASE & CO (JPM) is offering Uncapped Accelerated Barrier Notes, issued by JPMorgan Chase Financial Company LLC and fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the S&P 500^® Futures Excess Return Index and scheduled to mature on September 30, 2032.

The notes provide an uncapped leveraged payoff at maturity: if the Index finishes above its Initial Value, investors receive principal plus at least 2.635× the Index gain. If the Final Value is at or above a Barrier Amount of 70% of the Initial Value, but not higher than the Initial Value, investors receive only their principal. If the Final Value is below the Barrier Amount, repayment is reduced 1% for each 1% Index decline from the Initial Value, so losses can exceed 30% of principal and reach 100%.

The minimum denomination is $1,000. The notes pay no interest, are unsecured and unsubordinated obligations of JPMorgan Chase Financial and are subject to the credit risk of both the issuer and JPMorgan Chase & Co. If priced on the illustrative date, the estimated value would be about $977.60 per $1,000, and at pricing it will not be less than $900. The notes are not bank deposits, are not insured by the FDIC, and are not expected to be listed, so liquidity may be limited. The Index tracks excess return on rolling E-mini S&P 500 futures, and its performance can be affected by futures pricing, negative roll returns, volatility, margin rules and other market factors.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on September 18, 2031, in $1,000 denominations and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of at least 8.90% per annum, but interest is only paid for Review Dates when the Index closes at or above 70% of its Initial Value; missed coupons can be paid later if a subsequent Review Date is above this barrier. Beginning with the twelfth Review Date (earliest call September 15, 2027), the notes are automatically called if the Index is at or above the Call Value, returning principal plus the applicable coupon and any unpaid coupons.

If not called, principal is protected only down to a 15% buffer: if the Final Index Value is below 85% of Initial, investors lose 1% of principal for each 1% decline beyond that, up to an 85% loss. The underlying Index uses dynamic leverage up to 500%, a 6.0% per annum daily index deduction and a notional financing cost on the QQQ exposure, which create a persistent drag so the Index is expected to trail a similar index without these deductions. The estimated value is about $910 per $1,000 note (not less than $900), reflecting embedded selling, structuring and hedging costs, and the notes are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., with no listing or guaranteed liquidity.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing on March 7, 2028, in minimum denominations of $1,000. The notes provide unleveraged exposure to index gains up to a Maximum Upside Return of at least 16.35% and to index declines (in absolute value) up to a 15.00% Buffer Amount.

If at maturity the index is down by 15.00% or less, investors receive their principal plus the absolute index loss as a positive return, up to a maximum payment of $1,150 per $1,000 when the index is down 15.00%. If the index rises, investors participate 1:1 in gains up to the Maximum Upside Return, with a maximum payment of $1,163.50 per $1,000. If the index falls more than 15.00%, principal is reduced 1% for each 1% decline beyond 15.00%, down to $150 per $1,000 if the index falls 100%.

The notes pay no interest, provide no dividends, are unsecured and unsubordinated obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co., subject to their credit risks. An illustrative estimated value is $989.80 per $1,000, and the final estimated value at pricing will not be less than $950.00 per $1,000, reflecting embedded selling, structuring and hedging costs and use of an internal funding rate.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured auto-callable contingent interest notes linked individually to the Nasdaq‑100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing March 8, 2028, in $1,000 minimum denominations.

The notes pay a contingent coupon on each Review Date only if the closing level of each index is at least 70.00% of its Initial Value (the Interest Barrier). For Review Dates after the second and before the final, the notes are automatically called if each index is at or above its Call Value, illustrated as 95.00% of Initial Value. If called, investors receive $1,000 plus the applicable coupon and no further payments; the earliest possible call date is December 3, 2026.

If not called, and a Trigger Event (any index closing below 70.00% during the Monitoring Period) has occurred and the Least Performing Index finishes below its Initial Value, principal is reduced 1% for each 1% decline in that index, with potential loss of all principal. The illustrative Contingent Interest Rate is at least 7.45% per annum$971 per $1,000 note and will not be less than $900, reflecting embedded costs and hedging; the notes are not bank deposits, are not FDIC‑insured and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes due September 9, 2031 linked to the worst performer of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index. Investors receive a monthly Contingent Interest Payment only if each index is at or above 75% of its Initial Value (Interest Barrier). The notes are automatically called quarterly from September 7, 2027 if each index is at or above its Initial Value, paying $1,000 plus the applicable contingent interest.

If not called, and at maturity any index is below its 70% Trigger Value, principal is reduced 1% for each 1% decline in the Least Performing Index, potentially to zero. The hypothetical minimum Contingent Interest Rate is 8.25% per annum (0.6875% per month). If priced today, the estimated value would be $935.40 per $1,000 note, and at pricing it will not be less than $900.00 per $1,000, reflecting selling commissions (up to $40.25 per $1,000) and hedging costs. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., are not listed on an exchange and may be illiquid.

JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes mature on August 31, 2029 and may be automatically called as early as March 1, 2027 if on a Review Date (other than the first five and final) each index closes at or above its Initial Value, returning the $1,000 principal plus the applicable Contingent Interest Payment. Contingent interest is paid only for Review Dates when each index is at or above its Interest Barrier of 65% of Initial Value; otherwise no interest is paid. If the notes are not called and on the final Review Date any index finishes below its Trigger Value of 60% of Initial Value, principal is reduced 1% for each 1% decline in the Least Performing Index, leading to a loss of more than 40% and potentially all principal. The indicative Contingent Interest Rate is at least 6.70% per annum, with an indicative estimated value of about $947.20 per $1,000 and a minimum estimated value not less than $900 per $1,000, reflecting embedded structuring and hedging costs and issuer funding spreads.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated callable contingent interest notes linked to the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index, maturing on August 31, 2029 and 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 each index is at least 55.00% of its Initial Value (the Interest Barrier). Illustrative materials use a Contingent Interest Rate of 6.75% per annum, or 0.5625% per month, with total coupon potential of up to $202.50 per $1,000 note over 36 payments. The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting March 4, 2027, paying $1,000 per note plus the applicable contingent interest.

If the notes are not redeemed early, at maturity investors receive $1,000 per note plus the final contingent interest if the Final Value of each index is at or above its Trigger Value (also 55.00% of Initial Value). If the Final Value of any index is below its Trigger Value, the payout is reduced by the full negative return of the worst-performing index, and investors can lose a significant portion or all of principal. The minimum denomination is $1,000, the expected pricing date is on or about August 28, 2026, and settlement is expected on or about September 2, 2026. The estimated value, if priced on the reference date, would be about $953.90 per $1,000 note and will not be less than $900.00 per $1,000 when set, reflecting embedded selling commissions, hedging costs and issuer funding economics.

JPMORGAN CHASE & CO (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing August 30, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide an uncapped leveraged upside, paying at least 1.1985 times any positive performance of the lesser performing index at maturity. A 10% rise in that index would yield an 11.985% return, or $1,119.85 per $1,000 note. There is a 15% downside buffer: if either index falls more than 15%, principal is reduced 1% for each 1% drop beyond the buffer, up to a maximum loss of 85% of principal.

The notes pay no interest and provide no dividends or equity rights. Minimum denomination is $1,000. Indicative estimated value is about $982.90 per $1,000 note today and will not be less than $900 at pricing, below the price to public due to selling commissions, hedging costs and projected dealer profits. The notes are not listed; liquidity would rely on JPMS making a market, and values may be lower than issue price. Payments are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. U.S. tax treatment is expected to follow an “open transaction” prepaid financial contract approach, subject to confirmation.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, auto-callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 10, 2032. The notes pay no interest or dividends and are subject to the credit risk of both entities.

The notes may be automatically called quarterly from September 13, 2027 if the Index is at or above 85% of its Initial Value, paying $1,000 plus a step-up Call Premium Amount from at least 17% to 102% of principal. If held to maturity and not called, investors receive principal back only if the Final Value is at or above a 60% Barrier Amount; otherwise the payoff is $1,000 plus $1,000 × Index Return, exposing investors to losses up to total principal.

The Index employs dynamic leverage (0–500% futures exposure), targets 35% implied volatility and embeds a 6.0% per annum daily deduction, which systematically drags performance versus a similar index without a deduction. The indicative estimated value is about $924.50 per $1,000 note on the date shown and will not be less than $900.00 at pricing. The notes are not bank deposits and are not FDIC insured.

JPMorgan Chase & Co. (JPM), via its subsidiary JPMorgan Chase Financial Company LLC, is offering $3,058,000 of Medium-Term Notes, Series A, "Digital Equity Notes" due November 24, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the S&P 500 Index and do not bear interest. Each note has a $1,000 principal amount.

At maturity, if the S&P 500 final level is at least 90% of the initial level of 7,641.16, holders receive a fixed $1,105.20 per $1,000 note (a 10.52% capped gain). If the index falls by more than 10%, principal is lost on a leveraged basis (about 1.1111% loss for each 1% decline beyond 10%), up to a total loss. The estimated value at pricing is $984.40 per $1,000, below issue price, reflecting selling commissions and hedging/structuring costs. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., will not be listed, and may have limited or no secondary market. Tax treatment is based on treating the notes as open prepaid financial contracts, but the IRS could challenge this, and future tax guidance could adversely affect investors, including Non-U.S. Holders under Section 871(m).

JPMORGAN CHASE & CO. (as guarantor) is offering Market Linked Securities issued by JPMorgan Chase Financial Company LLC, each with a $1,000 principal amount, due September 4, 2029. The notes pay a fixed monthly coupon at a rate set on the pricing date of at least 14.00% per annum, regardless of stock performance, so long as the notes remain outstanding.

The notes are auto-callable monthly from March 2027 to August 2029 if the lowest performing of Broadcom, Tesla, Meta Platforms (Class A), and NVIDIA is at or above its starting price; in that case investors receive $1,000 plus the final coupon and the notes terminate. If never called, principal repayment at maturity is protected only by a 10% buffer: if the worst stock on the final calculation day is at least 90% of its starting price, investors receive $1,000; otherwise, principal is reduced 1‑for‑1 beyond the 10% buffer, down to as little as $100. Investors do not participate in any stock upside beyond coupons and may lose up to 90% of principal. The price to public is $1,000 per note, including $23.25 in selling commissions, with an estimated value of about $953.80 per security, and not less than $920.00 when finally set.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $2,128,000 of Medium‑Term Notes, Series A, Digital Equity Notes due February 24, 2028, linked to the S&P 500® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and are not listed on any exchange.

Each note has a $1,000 principal amount and an initial underlier level of 7,641.16. At maturity, if the S&P 500 final level is at least 85.00% of the initial level, holders receive a fixed threshold settlement amount of $1,110.20 (a capped return of 11.02%). If the index falls more than 15%, principal is lost on a leveraged basis via a buffer rate of about 1.1765, down to a total loss if the index goes to zero.

The original issue price is 100% of principal; the estimated value, based on JPMorgan’s internal models and funding rate, is $981.80 per $1,000. Underwriting commissions are 1.51% of principal, and net proceeds to the issuer are 98.49%. Payments are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the U.S. tax treatment is uncertain, with counsel viewing the notes as prepaid financial contracts treated as open transactions.

JPMORGAN CHASE & CO (JPM) offers structured notes linked to the MerQube US Tech+ Vol Advantage Index®, a rules-based index providing dynamic exposure to an unfunded position in the Invesco QQQ Trust SM, Series 1, subject to a notional financing cost. Since February 9, 2024, QQQ has replaced E‑Mini Nasdaq‑100 futures as the underlying asset.

The Index targets a 35% implied volatility by adjusting weekly exposure between 0% and a maximum of 500% of the underlying. It is an excess return index subject to a 6.0% per annum daily deduction, and the QQQ-based leg also bears a daily notional financing cost, both of which drag performance.

Hypothetical backtested data from January 2005 to July 2026 show annualized returns of 12.72% for the Index versus 14.36% for the Nasdaq‑100® and realized volatilities of 30.25% versus 22.09%. The Index’s realized correlation with the Nasdaq‑100® is 88.7%, with average leverage of 182% and a maximum of 404%. The supplement also presents simulated performance for 3‑year and 5‑year auto callable contingent interest notes referencing this Index and major equity indices, including backtested internal rates of return, call frequencies and principal-loss statistics, alongside extensive risk disclosures.

JPMORGAN CHASE & CO (guarantor) is offering through JPMorgan Chase Financial Company LLC $430,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 25, 2031, in $1,000 denominations. The notes pay a 12.50% per annum contingent coupon (6.25% semiannually), or $62.50 per $1,000, on each Interest Payment Date only if the Index on the related Review Date is at or above 70% of the Initial Value (the Interest Barrier).

The notes may be automatically called on any Review Date other than the first and final if the Index is at or above 90% of the Initial Value, paying $1,000 plus current and any unpaid coupons. If held to maturity and the Final Value is below 70% of the Initial Value, principal is reduced using a 30% buffer and a 1.42857 downside leverage factor, and investors can lose some or all principal. The Index embeds a 6.0% per annum daily deduction plus a notional financing cost on its QQQ-based exposure, which drags performance. The price to public is $1,000 per note, with an estimated value of $939.30.

JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is issuing $965,000 of Uncapped Digital Barrier Notes linked to the EURO STOXX 50® Index, due August 25, 2031. The notes are unsecured, unsubordinated obligations of the subsidiary and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

Investors receive at maturity either a contingent digital return of 39.60% or the actual Index return, whichever is greater, provided the Index’s final level is at least 75.00% of its initial level of 6,422.06. If the final level falls below this barrier, principal is reduced one-for-one with Index losses, and investors can lose all principal. The issue price is $1,000 per note, with selling commissions of $30 per note and net proceeds of $970 per note; the issuer’s total proceeds are $936,050. The estimated value at pricing was $962.70 per $1,000 note, reflecting embedded costs and an internal funding rate. The notes pay no interest, offer no dividends, are not listed, and are subject to the credit risk of both the finance subsidiary and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, due September 2, 2032, in $1,000 minimum denominations. The notes may be automatically called on September 3, 2027 if the Index is at or above a specified Call Value, paying $1,000 plus a Call Premium Amount of at least $210 per $1,000.

If not called, at maturity investors receive 2.00 times any Index gain; if the Final Value is at or above a Barrier Amount equal to 65% of the Initial Value, principal is returned. If the Final Value is below the Barrier Amount, repayment is reduced one-for-one with the Index decline, up to a total loss of principal. The notes pay no interest, are fully and unconditionally guaranteed by JPMorgan Chase & Co., are not FDIC insured, and any payment is subject to the credit risk of both issuer and guarantor. The initial estimated value is approximately $978.10 per $1,000 note and will not be less than $900.00, reflecting structuring and hedging costs. U.S. tax counsel views the notes as prepaid open transactions, but the IRS could assert a different treatment.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured structured notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on September 10, 2032 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called quarterly from September 13, 2027 onward if the Index is at or above the Call Value, set at 80% of the Initial Value, paying back principal plus a preset Call Premium Amount that starts at at least 13.55% of principal and rises to at least 81.30% on the final Review Date.

If not called, principal is repaid at maturity only if the Final Value is at or above the Barrier Amount of 60% of the Initial Value; otherwise, payoff is $1,000 plus $1,000 times the Index Return, exposing investors to more than 40% loss and potentially a total loss of principal. The Index is subject to a 6.0% per annum daily deduction, which is a persistent drag and will cause the Index to lag an otherwise identical index without this charge. The notes pay no interest or dividends, have minimum denominations of $1,000, are intended for fee-based advisory accounts, and carry both the issuer’s and guarantor’s credit risk. If priced on the date shown, the estimated value would be about $924.90 per $1,000 note and will not be less than $900.00 at pricing.

JPMORGAN CHASE & CO (symbol: JPM) is the issuer of record for a Form 424B2 filing submitted to the SEC.

JPMORGAN CHASE & CO (JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering $670,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 25, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 12.75% per annum contingent coupon (3.1875% quarterly, or $31.875 per $1,000) only if, on an Interest Review Date, the Index is at or above 70% of its Initial Value (the Interest Barrier). Missed coupons can be paid later if the barrier is subsequently met. The notes are automatically called, with return of principal plus due and unpaid coupons, if the Index is at or above 90% of its Initial Value on specified semiannual Autocall Review Dates starting August 20, 2027.

If not called and the Final Index Value is at least 50% of the Initial Value (the Trigger Value), investors receive principal back at maturity plus any due contingent interest and unpaid coupons. If the Final Value is below the Trigger, repayment is reduced 1:1 with the Index decline, exposing investors to losses greater than 50% and potentially 100% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which systematically drag on performance.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide an uncapped leveraged upside: at maturity investors receive principal plus at least 1.29× any positive index return.

The structure includes a 20.00% Buffer Amount; if the index is flat or down by up to 20%, investors receive full principal back at maturity. If the index declines by more than 20%, principal is reduced 1% for each 1% drop beyond the buffer, for a maximum loss of 80.00% of principal (payment as low as $200 per $1,000 note), subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

The notes pay no interest, will not be listed on any exchange, and secondary market liquidity is expected to be limited and at prices typically below the $1,000 issue price. If priced on the date shown, the estimated value would be about $990.60 per $1,000 note, and at pricing it will not be less than $960.00 per $1,000, reflecting selling commissions, structuring and hedging costs embedded in the issue price.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering Auto Callable Accelerated Barrier Notes linked to the lesser performing of the EURO STOXX 50® Index and STOXX® Europe 600 Index, maturing on September 12, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes have a $1,000 minimum denomination, may be automatically called on September 15, 2027 if each index is at or above its Call Value, and would then pay back principal plus a Call Premium Amount of at least $171.50. If not called, at maturity investors receive: leveraged upside of 1.50x the appreciation of the lesser performing index if both finish above their initial levels; return of principal if either is at or below its initial level but both are at or above 70% of initial (the Barrier Amount); or a loss matching the decline of the lesser performer if either finishes below the barrier, up to a complete loss of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Financial subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and are not listed on any exchange. If priced today, the estimated value would be about $938.80 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.