JPMorgan Chase & Co. 424B Filings

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $1,013,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing August 23, 2030 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide 1.84x leveraged upside on any positive Index Return at maturity. If the Index is flat or down but not below 70.00% of the Initial Value (Barrier Amount 426.874, based on an Initial Value of 609.82), investors receive an unleveraged positive return equal to the Absolute Index Return, capped at 30.00% ($1,300 per $1,000 note). If the Final Value is below the Barrier Amount, principal is exposed one-for-one to Index losses and investors can lose most or all of their investment.

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. The price to public is $1,000 per note, including $19 in selling commissions; net proceeds are $981 per note, and the issuer’s estimated value at pricing was $974.70 per $1,000 note, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate. The notes will not be listed, and secondary market prices are expected to be below the original issue price.

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 auto callable accelerated barrier notes linked to the least performing of the TOPIX Index, the iShares MSCI Emerging Markets ETF and the iShares Russell 2000 Value ETF, maturing on September 19, 2031. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on September 21, 2027 if each underlying is at or above 100% of its initial value, paying $1,000 plus a call premium of at least $371.50 per $1,000. If not called, at maturity investors receive 3.00 times any positive return of the least performing underlying, or par if all final values are at least 80% of initial. If any underlying finishes below 80% of its initial value, principal is reduced 1% for each 1% decline in the least performing underlying, down to a total loss. The notes pay no interest or dividends; the estimated value would be about $980 per $1,000 note if priced on the date described and will not be less than $950 per $1,000 when set.

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) provides an index supplement describing the J.P. Morgan Kronos US Equity (JPUSKRSP) Index, a rules-based strategy that varies exposure to the S&P 500 Price Index based on calendar patterns. The index seeks to exploit historical effects around the start and end of months, monthly options expiries, and end‑of‑month mean reversion, using exposures of 50%, 100% or 150% leveraged long to the S&P 500.

The index does not include dividends and is subject to a 0.35% per annum fee deducted daily, and a notional financing cost when 150% exposure is applied. Long backtests from 1954 to 2026 show hypothetical annualized return of 7.99%, annualized volatility of 16.00%, and a maximum drawdown of -56.78%, compared with the S&P 500 Price Index’s return of 10.69%, volatility 18.96%, and drawdown -62.02%. JPM emphasizes that these results are hypothetical, not independently verified, and not indicative of future performance.

Key risks highlighted include the index’s limited live history (since June 11, 2021), potential conflicts as J.P. Morgan affiliates design and calculate the index, the drag from fees and financing costs, the possibility that historical calendar and options‑related patterns may not persist, periods when the index is only 50% invested while the S&P 500 rises, and sensitivity to the Effective Federal Funds Rate through notional cash and financing components.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is issuing $675,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due August 25, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 15.50% per annum (3.875% quarterly) only if, on each quarterly Interest Review Date, the Index is at or above the Interest Barrier of 70.00% of the Initial Value. The notes are subject to semiannual automatic call starting August 20, 2027 if the Index is at or above 90.00% of the Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments.

If not called and the Final Value is at or above the Trigger Value of 50.00% of the Initial Value, investors receive $1,000 per note at maturity plus any final contingent interest. If the Final Value is below the Trigger Value, repayment is reduced by the full negative Index return, and investors can lose more than 50% and up to all of principal. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, which drag performance. The notes are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The original issue price is $1,000 per note; the issuer’s estimated value at pricing was $931.50 per $1,000 note.

JPMorgan Chase & Co. (JPM) provides an index supplement describing the MerQube US Large Cap Vol Advantage Index, which underlies certain structured notes, including auto callable contingent interest notes. The Index dynamically allocates exposure to E‑Mini S&P 500 futures, targeting 35% implied volatility with exposure between 0% and 500%, using SPY ETF one‑week implied volatility as the driver.

The Index is an excess return index and is reduced by a 6.0% per annum daily deduction, even when uninvested, and does not include collateral interest. Hypothetical backtests from 2005–2026 show higher realized volatility and leverage than the S&P 500, with realized correlation of 84.9%. The supplement highlights risks from leverage (up to 5x), volatility drag, potential significant uninvested periods, concentration in S&P 500 futures, and that much of the performance history is hypothetical.

The document also presents hypothetical backtested performance metrics for 3‑year and 5‑year auto callable contingent interest notes linked to this and other underliers, including contingent interest rates, average backtested IRRs, call frequencies, and loss rates, while emphasizing that these simulations exclude fees and are not indicative of future results.

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

The notes pay a contingent coupon of 10.25% per annum (5.125% semiannually) for each Review Date on which the Index closes at or above 70.00% of the Initial Value; missed coupons can be paid later if a future Review Date meets the barrier. The notes are automatically called, starting August 20, 2027, if the Index is at or above 90.00% of the Initial Value, returning principal plus the current and any unpaid coupons.

If not called and the Final Value is at or above the 70% Buffer Threshold, investors receive principal plus the final and any unpaid coupons. If the Final Value is below the Buffer Threshold, repayment is reduced by losses beyond a 30.00% buffer, with up to 70.00% of principal at risk. The underlying Index includes a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which creates a drag on performance. The price to public is $1,000 per note, with an estimated value of $944.30 per $1,000 at pricing.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering capped contingent buffered return enhanced notes linked to the American Depositary Shares of Baidu, Inc. The notes provide 5.00x leveraged exposure to Baidu’s share price appreciation, but gains are capped at a Maximum Return of 57.75%, giving a maximum payment of $1,577.50 per $1,000 note at maturity.

The notes have a Contingent Buffer Amount of 40.00%: if Baidu’s Final Stock Price is at or above 60% of the Stock Strike Price, principal is repaid; below that level, investors lose 1% of principal for each 1% decline, up to a total loss. The Stock Strike Price is $92.87, the pricing amount is $1,000 per note, and the maturity date is August 24, 2028, based on averaging of prices over five Ending Averaging Dates.

The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to the credit risk of both entities. The total offering is $500,000, with selling commissions of $15 per $1,000 note and issuer proceeds of $985 per $1,000 note. The estimated value at pricing is $976.10 per $1,000 note, below the issue price due to selling, structuring and hedging costs. The notes are not listed, may be accelerated upon certain events, and carry significant market, liquidity, credit, tax, and emerging-market risks tied to Baidu and China.

JPMORGAN CHASE & CO (JPM), via its finance subsidiary JPMorgan Chase Financial Company LLC, is offering $1,560,000 of Digital Buffered Notes linked to the Nasdaq‑100 Index®. The notes pay a fixed 10.00% Contingent Digital Return at maturity per $1,000 note if the ending index level is at or above the strike, or down to 15.00% below the strike.

If the index falls by more than 15.00% from the strike, principal is exposed on a leveraged basis: investors lose 1.17647% of principal for each additional 1% decline beyond the 15.00% buffer, potentially up to a full loss. The Index Strike Level is 29,426.02, set on August 19, 2026; valuation and maturity are scheduled for September 1, 2027 and September 7, 2027, respectively. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to their credit risk.

The price to the public is $1,000 per note, including a $10 selling commission; net proceeds to the issuer are $990 per note. The issuer’s estimated value is $987.70 per $1,000 note, reflecting internal funding and hedging costs. The notes pay no interest or dividends, will not be listed on an exchange, and secondary market liquidity, if any, would be through J.P. Morgan Securities LLC on a discretionary basis. The tax discussion analyzes treatment as prepaid financial contracts and addresses potential implications of Section 871(m) and FATCA.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $553,000 of Auto Callable Contingent Interest Notes linked to Merck & Co., Inc. common stock, maturing August 23, 2029, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 9.75% per annum Contingent Interest Payment (2.4375% quarterly) only if Merck’s share price on a Review Date is at least 70.00% of the Initial Value (the Interest Barrier); missed coupons can be paid later if conditions are met. The notes are automatically called, with principal plus applicable interest, if on any Review Date other than the first and final the share price is at least the Initial Value, starting as early as February 22, 2027.

If not called and the Final Value is below the Trigger Value (also 70.00% of the Initial Value), repayment at maturity is $1,000 + ($1,000 × Stock Return), so investors can lose a significant portion or all of principal. The notes are unsecured, not FDIC insured, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The original issue price is $1,000 per note, including $25.50 in selling commissions, with issuer proceeds of $974.50 per note; the estimated value was $957.10.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $484,000 of auto callable contingent interest notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on August 23, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of 8.50% per annum (0.70833% monthly) only for Review Dates when each index closes at or above 70.00% of its Initial Value (the Interest Barrier). Starting August 20, 2027, the notes are automatically called if, on a Review Date (other than the first through eleventh and final), each index is at or above its Initial Value, paying $1,000 plus the applicable contingent interest and then terminating.

If not called, and on the final Review Date each index is at or above its 70.00% Trigger Value, investors receive $1,000 plus the final contingent interest. If any index is below its Trigger Value, maturity payment becomes $1,000 plus $1,000 × Least Performing Index Return, exposing holders to significant principal loss, up to 100%. The price to public is $1,000 per note, including $28 in selling commissions; net proceeds to the issuer are $972 per note, and the initial estimated value is $952.50 per $1,000, reflecting embedded costs, credit risk of JPMorgan Financial and JPMorgan Chase & Co., and limited liquidity.

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 $680,000 of Uncapped Buffered Return Enhanced Notes maturing on August 23, 2030, linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index. The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, investors receive 1.345 times any positive return of the least performing index, with no cap. A 40.00% downside buffer applies; if any index falls by more than 40.00%, principal is reduced 1% for each 1% drop beyond the buffer, up to a maximum loss of 60.00% of principal. The notes pay no interest or dividends.

The price to public is $1,000 per note, including selling commissions of $7.50, for issuer proceeds of $992.50 per note. The estimated value at pricing was $985.30 per $1,000 note, reflecting structuring, hedging and distribution costs. The notes are not bank deposits, are not FDIC insured, and may have limited or no secondary market liquidity. Returns and repayment are subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $7,504,000 of auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 22, 2033 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of 18.00% per annum, evaluated monthly, only when the Index closes at or above 70.00% of the Strike Value. Quarterly, beginning February 17, 2027, the notes are automatically called if the Index closes at or above the Strike Value, returning $1,000 plus that period’s contingent interest.

If not called, principal repayment at maturity depends on the Final Value. Full principal is returned (plus any final contingent interest) if the Index is at or above 50.00% of the Strike Value. Below 50.00%, repayment is reduced 1:1 with the Index decline, potentially to zero, and interest may never be paid.

The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures with a 35% target volatility and is subject to a 6.0% per annum daily deduction, which can significantly drag performance. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The price to public is $1,000 per note, including $8.50 in fees; the initial estimated value is $907.20 per $1,000.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $965,000 of Uncapped Buffered Return Enhanced Notes linked to the lesser performer of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index, maturing on August 22, 2030, and fully guaranteed by JPMorgan Chase & Co.

The notes pay no interest or dividends and offer an Upside Leverage Factor of 1.84x on any gain of the lesser performing underlying at maturity, with a 20% downside buffer. If the lesser performer falls more than 20% from its strike, principal is reduced 1:1 beyond the buffer, with a minimum repayment of $200 per $1,000 (up to an 80% loss of principal).

The price to public is $1,000 per note, including $6 in selling commissions, for $994 in proceeds to the issuer per note. The estimated value is $971.70 per $1,000 note, reflecting embedded selling, structuring and hedging costs. The notes are unsecured, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange and may have limited or no secondary market liquidity.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is offering $420,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing August 23, 2029 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 12.85% per annum (3.2125% quarterly) only if, on a Review Date, the Index level is at or above 70% of its Initial Value (the Interest Barrier). Starting August 20, 2027, the notes are automatically called if the Index is at or above the Call Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments.

If not called, at maturity investors receive $1,000 plus the final contingent interest if the Index is at or above a 50% Trigger Value; otherwise the payoff is $1,000 plus $1,000 times the Index return, exposing investors to losses greater than 50% and potentially all principal. The Index is an excess-return, volatility-targeted strategy on the Invesco QQQ Fund, subject to a 6.0% per annum daily deduction and a daily notional financing cost, so its performance will trail an identical index without such deductions. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and have an estimated value of $944.50 per $1,000 at pricing, below the issue price due to selling, structuring and hedging costs.

JPMORGAN CHASE & CO (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering $1,740,000 of auto callable barrier notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq‑100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes, issued in $1,000 denominations, may be automatically called on August 24, 2027 or August 21, 2028 if each index is at or above 100% of its initial level, paying principal plus a call premium of 16.90% or 33.80%, respectively. If not called, at maturity on August 23, 2029 investors receive uncapped exposure to the appreciation of the least performing index if all three finish above their initial levels, return of principal if any index is down but all remain at or above a 70% barrier, and a one‑for‑one loss with the least performing index below that barrier, up to total loss of principal.

The notes pay no interest, provide no index dividends, are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and are not FDIC insured. The price to public is $1,000 per note, including $29.50 in selling commissions, while the issuer’s estimated value is $954.90 per note, reflecting structuring and hedging costs and an internal funding rate. The product involves complex risks, limited liquidity, and uncertain tax treatment, including reliance on an “open transaction” prepaid contract analysis and a conclusion that Section 871(m) should not apply to Non‑U.S. Holders.

JPMORGAN CHASE & CO (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked to the lesser performer of the Nasdaq-100 Index® and the S&P 500® Index and mature on March 1, 2030.

At maturity, if the lesser-performing index is above its initial level, holders receive an uncapped payoff of at least 1.195×15% Buffer Amount85% maximum loss.

The notes pay no interest, provide no dividends, are not listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value would be about $984 per $1,000 if priced today and will not be less than $900 per $1,000 when finalized. The filing also details recent methodology changes to the Nasdaq-100 Index® and outlines complex U.S. tax and Section 871(m) considerations.

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 unsecured, unsubordinated auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing August 29, 2031 and fully guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest Payment on each Review Date only if the Index closing level is at least 55.00% of the Initial Value (the Interest Barrier). They may be automatically called on certain Review Dates starting May 26, 2027 if the Index is at or above the Call Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments.

If the notes are not called and the Final Index Value is below the Trigger Value (also 55.00% of Initial Value), the payoff is $1,000 plus $1,000 times the Index return, so investors can lose a substantial portion or all of principal. The Index, a leveraged, rules-based strategy on E-mini S&P 500 futures with a 35% target volatility, is reduced by a 6.0% per annum daily deduction, which drags performance. If priced on the described date, the estimated value would be about $898.20 per $1,000 note and will not be less than $880.00 per $1,000, reflecting embedded costs and issuer funding assumptions.

JPMorgan Chase & Co. (guarantor for JPMorgan Chase Financial Company LLC) is offering unsecured structured notes called Structured Investments Review Notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index, maturing on September 9, 2031.

The notes may be automatically called on any of nine Review Dates starting September 13, 2027 if each index closes at or above its Call Value of 100% of its Initial Value. In that case, investors receive $1,000 plus a Call Premium of at least 11.20%–56.00% of principal, depending on the call date, and the notes terminate.

If not called, principal is protected only if, on the final Review Date, each index is at or above its Barrier Amount of 70% of its Initial Value. If any index finishes below its Barrier Amount, repayment is reduced 1% for each 1% decline in the Least Performing Index, exposing investors to losses greater than 30% and up to 100% of principal. The minimum denomination is $1,000. The notes pay no interest or dividends, and their value and payments are subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co.

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 JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes called Uncapped Accelerated Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on September 3, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide an uncapped leveraged upside: at maturity, if both indices finish above their initial levels, investors receive principal plus at least 1.425× the gain of the lesser performing index. If either index finishes at or below its initial level but at or above 75% of its initial level (the Barrier Amount), principal is returned. If either index finishes below the barrier, repayment is reduced one-for-one with the decline of the lesser performing index, down to a total loss.

The minimum denomination is $1,000 per note. The notes pay no interest and provide no dividends from index constituents. They are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The indicative estimated value is approximately $970 per $1,000 note and will not be less than $950, reflecting selling commissions, hedging costs and structuring fees, and secondary market values are expected to be lower than the issue price. The notes will not be listed, so liquidity will depend on JPMS’ willingness to make a market.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering $1,605,000 of Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing August 25, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide 1.87x any positive Index return at maturity with a 20% downside buffer; beyond that, investors lose 1% of principal for each additional 1% Index loss, up to an 80% maximum loss, and the notes pay no interest. They are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor and will not be listed, so liquidity depends on J.P. Morgan Securities LLC making a market. The price to public is $1,000 per note, including $37.50 in selling commissions, with issuer proceeds of $962.50 per note; the initial estimated value is lower at $950.80, reflecting embedded costs and the issuer’s internal funding rate. The tax disclosure indicates treatment as "open transactions"/prepaid financial contracts, but notes that IRS or regulatory changes could materially affect tax results.

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 unsecured, unsubordinated structured notes (“Uncapped Accelerated Barrier Notes”) linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, maturing on September 3, 2031 and sold in $1,000 denominations. The notes pay no interest or dividends and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if both indices finish at or above their initial levels, investors receive principal plus at least 1.35× the lesser index’s positive return. If either index is at or below its initial level but both remain at or above 75% of their initial levels (the Barrier Amount), investors receive principal only. If either index finishes below its 75% Barrier Amount, repayment is reduced 1% for each 1% decline of the lesser-performing index from its initial level, to as low as zero.

The preliminary estimated value is approximately $970 per $1,000 note and will not be less than $950 at pricing, reflecting selling commissions, hedging costs and issuer funding spreads. The notes are not bank deposits, are not FDIC insured, will not be listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., with potentially limited and discounted secondary market liquidity.

JPMORGAN CHASE & CO (JPM), through its wholly owned subsidiary JPMorgan Chase Financial Company LLC, is offering $12,000,000 of unsecured, unsubordinated Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury Rate, fully and unconditionally guaranteed by JPMorgan Chase & Co. The Notes have a 5-year term, are issued at $1,000 per Note, and mature on August 24, 2031, unless called earlier quarterly beginning February 24, 2027 at par plus accrued interest.

Interest accrues quarterly at a variable rate based on a 10.40% per annum Interest Factor, only for days when the Reference Rate is less than or equal to the 5.25% Reference Rate Barrier; if it exceeds 5.25% on a day, no interest accrues for that day and an Interest Period’s rate can be 0%. The estimated value is $984.30 per $1,000 Note, the Notes will not be listed on any exchange, and repayment of principal and interest is subject to the creditworthiness of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. for the guarantee.

JPMorgan Chase & Co. (symbol JPM), through its subsidiary JPMorgan Chase Financial Company LLC, is offering structured Capped Dual Directional Buffered Return Enhanced Notes linked to the S&P 500® Index, maturing on August 31, 2028, in minimum denominations of $1,000.

At maturity, investors receive 3.00 times any positive Index return, capped at a Maximum Upside Return of at least 21.50%, and a positive, uncapped return equal to the absolute value of Index losses up to 10.00% (the Buffer Amount). If the Index declines by more than 10.00%, investors lose 1% of principal for each 1% decline beyond 10.00%, up to a maximum loss of 90.00% of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial, and are fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing holders to both entities’ credit risk. If priced today, the estimated value would be about $988.90 per $1,000 note; at pricing, it will not be less than $900.00 per $1,000 note.

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 unsecured, unsubordinated structured notes linked to the S&P 500® Index, maturing August 30, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Each $1,000 note provides an unleveraged upside equal to any Index appreciation at maturity, capped by a Maximum Upside Return of at least 20.00%. If the Index finishes at or above a Barrier Amount of 75.00% of its Initial Value, investors also receive a positive “dual directional” payoff equal to the absolute value of any Index decline, up to a maximum negative return of -25.00%, producing at most $1,250 per $1,000 note when the Index return is negative. If the Final Value is below the Barrier Amount, principal is exposed 1:1 to the full Index loss, up to a total loss of principal.

The notes pay no interest and provide no dividends or equity holder rights. The issuer cites an indicative estimated value of approximately $970 per $1,000 note if priced on the reference date, and states the final estimated value will not be less than $950, reflecting embedded selling, structuring and hedging costs. Liquidity is expected to be limited, with no exchange listing and secondary prices likely below issue price. U.S. tax counsel views the notes as “open transactions”/prepaid financial contracts for federal income tax purposes, subject to IRS and Treasury guidance changes.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering structured Uncapped Accelerated Barrier Notes due September 3, 2031, linked to the least performing of the Dow Jones Industrial Average®, the Nasdaq‑100 Index® and the S&P 500® Index. The notes target at least 1.80x any positive performance of the least performing index at maturity, with no cap, but pay no interest or dividends and expose investors to loss of principal.

The payoff depends on each index’s final level versus its initial level and a 75% barrier. If all indices finish at or above their barrier, principal is repaid; if all are above their initial levels, investors receive leveraged upside based on the least performing index. If any index finishes below its barrier, repayment is reduced 1% for every 1% decline of the least performing index, down to total loss. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value of about $970 per $1,000 note at launch and not less than $940 per $1,000 when priced, reflecting embedded fees, hedging costs and dealer compensation. The notes will not be listed, and secondary market prices are expected to be below the original issue price.

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 auto callable contingent interest notes linked to the lesser performing of the Nasdaq-100 Index® and the S&P 500® Index, maturing June 2, 2028, in minimum denominations of $1,000.

Investors receive a monthly Contingent Interest Payment only if on the relevant Review Date each index closes at or above 70.00% of its Initial Value; the Contingent Interest Rate will be at least 9.20% per annum

If not called and on the final Review Date either index is below its Trigger Value (also 70.00% of Initial Value), the maturity payment is reduced one-for-one with the decline of the lesser performing index, down to a total loss of principal. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The estimated value is about $980.60 per $1,000 today and will not be less than $900.00 when set. The notes will not be listed, secondary liquidity is uncertain, and the tax treatment (including for Non-U.S. Holders and potential Section 871(m) issues) is complex.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering $12,680,000 of Trigger Callable Contingent Yield Notes linked to the least performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices, maturing on August 22, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The Notes pay a contingent coupon of 9.65% per annum (about $0.2413 per $10 quarterly) only if, on each Observation Date, all three indices close at or above their Coupon Barriers (70% of initial levels). JPMorgan Financial may call the Notes on any quarterly Observation Date (except the Final Valuation Date), paying principal plus any due coupon, after which no further payments are made.

At maturity, if not called and each index is at or above its Downside Threshold (65% of initial), principal is repaid; a coupon is paid only if each index is also at or above its Coupon Barrier. If any index finishes below its Downside Threshold, repayment is reduced proportionately to the decline of the Least Performing Underlying, and investors can lose a significant portion or all of principal. The Notes are unsecured, not listed on any exchange, and their value and payments depend on the credit of both the issuer and guarantor. The estimated value is $9.579 per $10 at pricing, below the $10 issue price due to commissions and hedging costs.

JPMORGAN CHASE & CO (JPM), through JPMorgan Chase Financial Company LLC, is issuing $671,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due August 23, 2029, in $1,000 denominations and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 13.50% per annum (3.375% quarterly) only if, on a Review Date, the Index closes at or above 70% of its Initial Value (the Interest Barrier); otherwise no interest is paid. Starting with the fourth Review Date, the notes are automatically called if the Index is at or above its Initial Value, returning $1,000 plus that period’s interest, with no further payments.

If not called, principal is protected only if the Final Index Value is at or above 50% of the Initial Value (the Trigger Value). Below the Trigger, repayment is reduced one-for-one with the Index decline, down to zero. The underlying Index is a leveraged, rules-based strategy on the Invesco QQQ Fund with a 35% target volatility, up to 500% exposure, and is subject to a 6.0% per annum daily deduction plus a daily notional financing cost (SOFR + 0.50%), which creates a structural drag versus a similar index without such charges.

The price to public is $1,000 per note, including $7.50 in selling commissions, for issuer proceeds of $992.50 per note. The estimated value at pricing was $944.10 per $1,000, reflecting internal funding and derivative pricing models. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., will not be listed on an exchange, and may have limited or no liquidity.

JPMorgan Chase & Co. (JPM) is offering auto callable contingent interest notes issued by JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are linked individually to the Nasdaq‑100 Index, SPDR Gold Trust and State Street Financial Select Sector SPDR ETF and mature on December 1, 2027.

Investors receive a Contingent Interest Payment for any Review Date where each underlying is at or above 75% of its Initial Value (Interest Barrier). From the third Review Date onward, if each underlying is at or above its Initial Value, the notes are automatically called and pay $1,000 plus the applicable contingent interest, ending further payments. If held to maturity without being called and any underlying finishes below its Trigger Value of 60% of Initial Value, principal is reduced one‑for‑one with the decline of the least performing underlying, potentially to zero.

The notes pay no fixed coupons or dividends and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. Minimum denomination is $1,000. If priced today, the estimated value would be about $980.80 per $1,000, and when set will not be less than $900. The minimum Contingent Interest Rate will be 10.00% per annum, paid monthly if conditions are met. The notes will not be listed and may have limited or no secondary market liquidity.

JPMorgan Chase & Co. (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with minimum denominations of $1,000 and maturity on August 31, 2028.

The notes provide 1.50x leveraged upside on any positive Index return, capped at a Maximum Upside Return of at least 20.65%, and a dual-direction feature where, if the Index is flat or down by up to the 15.00% Buffer Amount, investors receive a positive return equal to the absolute Index decline. If the Index falls by more than 15%, investors lose 1% of principal for each 1% drop beyond the buffer, for a maximum loss of 85.00% of principal, with a minimum maturity payment of $150.00 per $1,000.

The notes pay no interest, provide no dividends, are not insured, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. An indicative estimated value is $988.80 per $1,000 note if priced today, and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs and an internal funding rate. Liquidity is limited, as the notes will not be listed, and any secondary market will be made, if at all, by J.P. Morgan Securities LLC.

JPMorgan Chase & Co. (JPM), through subsidiary JPMorgan Chase Financial Company LLC, is offering structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., with maturity on August 29, 2031.

The notes are auto-callable: on each annual Review Date from 2027 to 2031, if the Index closing level is at or above 100% of its Initial Value (the Call Value), investors receive $1,000 plus a Call Premium and the notes terminate. Minimum Call Premiums are 28.25%, 56.50%, 84.75%, 113.00% and 141.25% of principal for the first through final Review Dates, respectively.

If the notes are not called, principal is protected only if the Final Value is at or above a Barrier Amount of 60.00% of the Initial Value. If the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 times the Index Return, leading to losses greater than 40% and potentially 100% of principal. The Index embeds a 6.0% per annum daily deduction, which will drag on performance versus an identical index without this fee.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and will not be listed. The price to the public is $1,000 per note, while the current illustrative estimated value is about $889.40, and will not be less than $870.00 per $1,000 at pricing.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on August 29, 2031. The notes pay a contingent interest only if, on a Review Date, the Index closes at or above 70% of the Initial Value (the Interest Barrier); some or all periods may pay no interest.

The notes are automatically called (and pay $1,000 plus interest for that date) if on any Review Date other than the first and final the Index is at or above the Initial Value, with the earliest call date on February 26, 2027. If not called, and at maturity the Index is below the Trigger Value of 60% of the Initial Value, principal is reduced one-for-one with the Index decline, down to zero.

The Index uses leveraged exposure (up to 500%) to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags performance and can cause the Index to underperform or decline even when futures are flat to modestly positive. The notes are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed. The estimated value, if priced on the described date, would be about $928.30 per $1,000 note and will not be less than $900.00, reflecting embedded costs and issuer funding assumptions.

JPMorgan Chase & Co. (JPM), through its finance subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured, unsubordinated structured notes linked to the least performing of the EURO STOXX 50®, S&P 500® and Russell 2000® indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about September 2, 2026 and mature on September 5, 2031, with minimum denominations of $1,000.

The notes pay no interest or dividends and their payoff depends on index levels at maturity. If each index finishes at or above its initial level, investors receive principal plus the greater of a Contingent Digital Return of at least 68.50% or the actual return of the least performing index, with no cap on upside. If any index is below its initial level but all are at or above 70.00% of initial (the Barrier Amount), investors receive principal plus the absolute value of the least performer’s decline, capped at 30.00%, for a maximum payment of $1,300 per $1,000 when the least performer is down 30%.

If any index falls below its Barrier Amount, repayment is $1,000 plus the least performing index return, so losses are one-for-one with that index and investors can lose their entire principal. The indicative estimated value is about $944.90 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling commissions, hedging costs and issuer funding spreads. The notes will not be listed, may be subject to early acceleration on a change-in-law event, and are exposed to the credit risk of both the issuer and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), via subsidiary JPMorgan Chase Financial Company LLC, is offering unsecured structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and is expected to price on or about August 26, 2026 and settle on or about August 31, 2026.

The notes feature automatic early redemption if, on any Review Date from August 31, 2027 through August 26, 2031, the Index closing level is at least 100% of its Initial Value. In that case, investors receive $1,000 plus a Call Premium of at least 32.25%, 64.50%, 96.75%, 129.00% or 161.25% of principal, depending on the call year. If never called and the Final Value is at least 60% of the Initial Value, investors receive principal only; if it is below 60%, repayment equals $1,000 plus $1,000 × Index Return, exposing investors to losses greater than 40% and up to total loss of principal.

The underlying Index dynamically allocates up to 500% leveraged exposure to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which materially drags on performance and causes the Index to trail an equivalent non-deducted index. The indicative estimated value, if priced on the stated date, would be about $920.80 per $1,000 note and will not be less than $900.00, reflecting embedded costs and JPMorgan’s internal funding and hedging assumptions. The notes pay no interest or dividends, are not FDIC insured, and carry the credit risk of both the issuer and JPMorgan Chase & Co.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Capped Buffered Return Enhanced Notes linked to the lesser performer of the Nasdaq‑100 Index® and the S&P 500® Index, maturing on August 31, 2028 and issued in $1,000 minimum denominations.

The notes provide 1.20x exposure to any positive performance of the lesser performing index, subject to a maximum total return of at least 44.65%. A 15% downside buffer applies to each index individually; if either index falls by more than 15%, principal is reduced 1% for each additional 1% decline in the lesser performer, up to a maximum loss of 85% of principal. The notes pay no interest or dividends, are not principal protected, and all payments depend on the credit of JPMorgan Financial and its parent guarantor. An indicative estimated value is $987.80 per $1,000 note if priced today, and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Chase & Co. (JPM), through JPMorgan Chase Financial Company LLC, is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, with each note having a $1,000 principal amount and a contingent interest rate of at least 14.75% per annum, payable quarterly if the index stays at or above a 70% Interest Barrier on the relevant review dates.

The notes may be automatically called as early as February 26, 2027 if the index is at or above its Initial Value on a review date (other than the first and final), in which case investors receive principal plus the applicable contingent interest and no further payments. If the notes are not called and the final index level is below the Trigger Value of 60% of the Initial Value, repayment at maturity is reduced one-for-one with the index decline, down to zero, so investors can lose a significant portion or all of principal, and interest may never be paid.

The underlying index is a leveraged, rules-based strategy on E-mini S&P 500 futures with a 35% target volatility and is subject to a 6.0% per annum daily deduction, which creates a persistent drag versus a similar index without such a fee and can cause declines even when futures performance is flat to modestly positive. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., with an estimated value, if priced today, of about $895.80 per $1,000 note and a minimum estimated value at pricing of $880.00, will not be listed on any exchange, and are subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase & Co. (JPM), via JPMorgan Chase Financial Company LLC, is offering unsecured Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing September 2, 2031, in minimum denominations of $1,000 and integral multiples.

The notes pay a monthly Contingent Interest Rate of at least 10.00% per annum only if, on a Review Date, the Index is at or above 70% of the Initial Value; missed coupons can be paid later if a future Review Date meets the barrier. Starting August 27, 2027, the notes are automatically called if, on certain Review Dates, the Index is at or above its Initial Value, returning principal plus the applicable coupon and any unpaid coupons.

If not called, principal is protected only down to a Buffer Threshold of 85% of the Initial Value; below this, investors lose 1% of principal for each 1% Index decline beyond the 15% buffer, for a maximum loss of 85%. The Index embeds a 6.0% per annum daily deduction and a daily notional financing cost, which drag on performance and can cause the Index to lag the QQQ Fund. The indicative estimated value is about $911.10 per $1,000 note and will not be less than $900.00 at pricing, reflecting selling commissions, hedging costs and issuer funding spreads. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and the notes are illiquid, not listed, and not FDIC insured.

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 Investments called Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on August 29, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, if the Index is above its Initial Value, investors receive their principal plus an enhanced gain of at least 1.7915× the Index’s percentage rise, with no cap. If the Index is flat or down by up to the 20.00% Buffer Amount, investors receive their full principal. If the Index is down more than 20%, principal is reduced 1% for each additional 1% decline, for a maximum loss of 80.00% of principal, so the minimum payment is $200 per $1,000 note, subject to the issuer’s and guarantor’s credit risk. The notes pay no interest, are issued in minimum denominations of $1,000, will not be listed, and secondary market liquidity will depend on J.P. Morgan Securities LLC.

If priced on the indicated date, the estimated value would be about $940.50 per $1,000 note, and, when finally set, will not be less than $900.00, reflecting embedded selling commissions, hedging and structuring costs. The underlying Index tracks rolling E-mini® S&P 500® futures, so returns are affected by futures pricing, volatility, roll yields and other futures-market factors, and the notes are treated as hybrid instruments exempt from direct Commodity Exchange Act regulation. U.S. tax treatment is expected to follow prepaid open-transaction guidance but remains subject to IRS and Treasury developments.