JPMorgan (JPM) prices callable Bitcoin‑linked Review Notes due 2031

Rhea-AI Filing Summary

JPMorgan Chase Financial Company LLC priced Review Notes linked to the iShares® Bitcoin Trust ETF on June 9, 2026 with expected settlement on or about June 12, 2026. The issue totals $250,000 principal (notes in $1,000 minimum denominations). The notes are unsecured obligations of JPMorgan Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide a series of annual Review Dates beginning June 9, 2027 through the final Review Date on June 9, 2031. If the Fund’s closing price on a Review Date is at or above the Call Value (100% of Initial Value), the notes are automatically called and pay the principal plus a specified Call Premium Amount. The Barrier Amount is 70.00% of the Initial Value; if the Final Value is below that barrier at maturity, holders absorb losses equal to the Fund Return, which could result in loss of more than 30% or all principal. The notes do not pay interest and carry credit risk of the issuer and guarantor.

Insights

Structured Products Analyst

Product is a five-year callable principal-at-risk note tied to IBIT with defined call premiums.

The notes are structured to deliver preset cash Call Premium Amounts on specified Review Dates if the Fund closes at or above the Call Value (100% of Initial Value). The Barrier Amount is 70.00% of the Initial Value, exposing holders to downside linked to the Fund Return at maturity.

Key dependencies include the Fund’s closing price on each Review Date, creditworthiness of JPMorgan Financial and JPMorgan Chase & Co., and potential Share Adjustment Factor changes. Secondary market liquidity is limited and estimated value ($965.60 per $1,000 issue) is below the issue price.

Fixed Income Risk Specialist

Credit and liquidity are primary non-market risks; bitcoin-linked volatility drives market risk.

The notes are unsecured obligations guaranteed by JPMorgan Chase & Co.; any change in issuer/guarantor credit spreads will likely affect secondary prices. JPMS may be the sole liquidity provider.

Market risk centers on the Fund’s bitcoin exposure: the Share Adjustment Factor and limited trading history of the Fund may increase valuation uncertainty. Holders face potential total principal loss if Final Value < Barrier Amount.

Key Figures

Total offering: $250,000 Per note price to public: $1,000 Estimated value: $965.60 +4 more

7 metrics

Total offering $250,000 aggregate principal amount offered

Per note price to public $1,000 original issue price per $1,000 principal amount note

Estimated value $965.60 estimated value per $1,000 principal amount when terms set

Selling commission $7.50 per $1,000 principal amount note

Initial Value $35.14 closing price of one share of the Fund on the Pricing Date (June 9, 2026)

Barrier Amount 70.00% × Initial Value = $24.598 Barrier Amount equals 70.00% of Initial Value

Maturity Date June 12, 2031 final cash payment / scheduled maturity

Key Terms

Call Premium Amount, Barrier Amount, Share Adjustment Factor, Estimated Value, +1 more

5 terms

Call Premium Amount financial

"Call Premium Amount with respect to each Review Date is set forth below"

Barrier Amount financial

"Barrier Amount: 70.00% of the Initial Value"

Share Adjustment Factor financial

"The Share Adjustment Factor is subject to adjustment upon the occurrence of certain events"

Estimated Value financial

"The estimated value of the notes, when the terms of the notes were set, was $965.60"

Automatic Call financial

"If the closing price ... on any Review Date is greater than or equal to the Call Value, the notes will be automatically called"

An automatic call is a feature of certain bonds or structured notes that forces the issuer to repay the investment early if a preset condition—usually the price of a stock or index—meets or exceeds a set level on a review date. For investors it matters because it can end the investment sooner than expected, locking in a defined payout but also creating reinvestment risk and changing the timing of returns much like an appliance that turns itself off when it reaches a set temperature.

Offering Details

primary

Offering

Offering Type primary

Use of Proceeds Offered to meet investor demand for products that reflect the risk‑return profile and market exposure provided by the notes

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June 9, 2026 Registration Statement Nos. 333-293684 and 333-293684-01; Rule 424(b)(2)
Pricing supplement to product supplement no. 3-I dated April 17, 2026, underlying supplement no. 1-I dated April 17, 2026 and
the prospectus and prospectus supplement, each dated April 17, 2026
JPMorgan Chase Financial Company LLC
Structured Investments
$250,000
Review Notes Linked to the iShares® Bitcoin Trust ETF
due June 12, 2031
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
• The notes are designed for investors who seek early exit prior to maturity at a premium if, on any Review Date, the
closing price of one share of the iShares® Bitcoin Trust ETF, which we refer to as the Fund, is at or above the Call Value.
• The earliest date on which an automatic call may be initiated is June 9, 2027.
• Investors should be willing to forgo interest payments and be willing to accept the risk of losing a significant portion or all
of their principal amount at maturity.
• The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to
as JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co. Any
payment on the notes is subject to the credit risk of JPMorgan Financial, as issuer of the notes, and the credit
risk of JPMorgan Chase & Co., as guarantor of the notes.
• Investors should be knowledgeable about the risks associated with cryptocurrencies and digital assets because the Fund
seeks to reflect generally the performance of the price of bitcoin and therefore the notes involve significant risks in
investments tracking cryptocurrencies. Bitcoin has historically exhibited high price volatility relative to more
traditional asset classes and has experienced extreme volatility in recent periods and may continue to do so,
which may increase the volatility of the Fund.
• Minimum denominations of $1,000 and integral multiples thereof
• The notes priced on June 9, 2026 and are expected to settle on or about June 12, 2026.
• CUSIP: 46661AUB4
Investing in the notes involves a number of risks. See “Risk Factors” beginning on page S-2 of the accompanying
prospectus supplement, “Risk Factors” beginning on page PS-12 of the accompanying product supplement and
“Selected Risk Considerations” beginning on page PS-5 of this pricing supplement.
Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved
of the notes or passed upon the accuracy or the adequacy of this pricing supplement or the accompanying product supplement,
underlying supplement, prospectus supplement and prospectus. Any representation to the contrary is a criminal offense.
Price to Public (1)
Fees and Commissions (2)
Proceeds to Issuer
Per note
$1,000
$7.50
$992.50
Total
$250,000
$1,875
$248,125
(1) See “Supplemental Use of Proceeds” in this pricing supplement for information about the components of the price to public of the
notes.
(2) J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling
commissions of $7.50 per $1,000 principal amount note it receives from us to other affiliated or unaffiliated dealers. See “Plan of
Distribution (Conflicts of Interest)” in the accompanying product supplement.
The estimated value of the notes, when the terms of the notes were set, was $965.60 per $1,000 principal amount note.
See “The Estimated Value of the Notes” in this pricing supplement for additional information.
The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency
and are not obligations of, or guaranteed by, a bank.

PS-1 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
Key Terms
Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Fund: The iShares® Bitcoin Trust ETF (Bloomberg ticker: IBIT)
Call Premium Amount: The Call Premium Amount with respect
to each Review Date is set forth below:
• first Review Date:
21.50000% × $1,000
• second Review Date:
23.29167% × $1,000
• third Review Date:
25.08333% × $1,000
• fourth Review Date:
26.87500% × $1,000
• fifth Review Date:
28.66667% × $1,000
• sixth Review Date:
30.45833% × $1,000
• seventh Review Date:
32.25000% × $1,000
• eighth Review Date:
34.04167% × $1,000
• ninth Review Date:
35.83333% × $1,000
• tenth Review Date:
37.62500% × $1,000
• eleventh Review Date:
39.41667% × $1,000
• twelfth Review Date:
41.20833% × $1,000
• thirteenth Review Date
43.00000% × $1,000
• fourteenth Review Date
44.79167% × $1,000
• fifteenth Review Date
46.58333% × $1,000
• sixteenth Review Date
48.37500% × $1,000
• seventeenth Review Date
50.16667% × $1,000
• eighteenth Review Date
51.95833% × $1,000
• nineteenth Review Date
53.75000% × $1,000
• twentieth Review Date
55.54167% × $1,000
• twenty-first Review Date
57.33333% × $1,000
• twenty-second Review Date
59.12500% × $1,000
• twenty-third Review Date
60.91667% × $1,000
• twenty-fourth Review Date
62.70833% × $1,000
• twenty-fifth Review Date
64.50000% × $1,000
• twenty-sixth Review Date
66.29167% × $1,000
• twenty-seventh Review Date
68.08333% × $1,000
• twenty-eighth Review Date
69.87500% × $1,000
• twenty-ninth Review Date
71.66667% × $1,000
• thirtieth Review Date
73.45833% × $1,000
• thirty-first Review Date
75.25000% × $1,000
• thirty-second Review Date
77.04167% × $1,000
• thirty-third Review Date
78.83333% × $1,000
• thirty-fourth Review Date
80.62500% × $1,000
• thirty-fifth Review Date
82.41667% × $1,000
• thirty-sixth Review Date
84.20833% × $1,000
• thirty-seventh Review Date
86.00000% × $1,000
• thirty-eighth Review Date
87.79167% × $1,000
• thirty-ninth Review Date
89.58333% × $1,000
• fortieth Review Date
91.37500% × $1,000
• forty-first Review Date
93.16667% × $1,000
• forty-second Review Date
94.95833% × $1,000
• forty-third Review Date
96.75000% × $1,000
• forty-fourth Review Date
98.54167% × $1,000
• forty-fifth Review Date
100.33333% × $1,000
• forty-sixth Review Date
102.12500% × $1,000
• forty-seventh Review Date
103.91667% × $1,000
• forty-eighth Review Date
105.70833% × $1,000
• final Review Date:
107.50000% × $1,000
Call Value: 100.00% of the Initial Value
Barrier Amount: 70.00% of the Initial Value, which is $24.598
Pricing Date: June 9, 2026
Original Issue Date (Settlement Date): On or about June 12,
2026
Review Dates*: June 9, 2027, July 9, 2027, August 9, 2027,
September 9, 2027, October 11, 2027, November 9, 2027,
December 9, 2027, January 10, 2028, February 9, 2028, March 9,
2028, April 10, 2028, May 9, 2028, June 9, 2028, July 10, 2028,
August 9, 2028, September 11, 2028, October 9, 2028, November
9, 2028, December 11, 2028, January 9, 2029, February 9, 2029,
March 9, 2029, April 9, 2029, May 9, 2029, June 11, 2029, July 9,
2029, August 9, 2029, September 10, 2029, October 9, 2029,
November 9, 2029, December 10, 2029, January 9, 2030,
February 11, 2030, March 11, 2030, April 9, 2030, May 9, 2030,
June 10, 2030, July 9, 2030, August 9, 2030, September 9, 2030,
October 9, 2030, November 11, 2030, December 9, 2030,
January 9, 2031, February 10, 2031, March 10, 2031, April 9,
2031, May 9, 2031 and June 9, 2031 (final Review Date)
Call Settlement Dates*: June 14, 2027, July 14, 2027, August 12,
2027, September 14, 2027, October 14, 2027, November 15, 2027,
December 14, 2027, January 13, 2028, February 14, 2028, March
14, 2028, April 13, 2028, May 12, 2028, June 14, 2028, July 13,
2028, August 14, 2028, September 14, 2028, October 12, 2028,
November 14, 2028, December 14, 2028, January 12, 2029,
February 14, 2029, March 14, 2029, April 12, 2029, May 14, 2029,
June 14, 2029, July 12, 2029, August 14, 2029, September 13,
2029, October 12, 2029, November 15, 2029, December 13, 2029,
January 14, 2030, February 14, 2030, March 14, 2030, April 12,
2030, May 14, 2030, June 13, 2030, July 12, 2030, August 14,
2030, September 12, 2030, October 15, 2030, November 14, 2030,
December 12, 2030, January 14, 2031, February 13, 2031, March
13, 2031, April 15, 2031, May 14, 2031 and the Maturity Date
Maturity Date*: June 12, 2031
Automatic Call:
If the closing price of one share of the Fund on any Review Date is
greater than or equal to the Call Value, the notes will be
automatically called for a cash payment, for each $1,000 principal
amount note, equal to (a) $1,000 plus (b) the Call Premium Amount
applicable to that Review Date, payable on the applicable Call
Settlement Date. No further payments will be made on the notes.
Payment at Maturity:
If the notes have not been automatically called and the Final Value
is greater than or equal to the Barrier Amount, you will receive the
principal amount of your notes at maturity.
If the notes have not been automatically called and the Final Value
is less than the Barrier Amount, your payment at maturity per
$1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Fund Return)
If the notes have not been automatically called and the Final Value
is less than the Barrier Amount, you will lose more than 30.00% of
your principal amount at maturity and could lose all of your principal
amount at maturity.
Fund Return: (Final Value – Initial Value)
Initial Value
Initial Value: The closing price of one share of the Fund on the
Pricing Date, which was $35.14
Final Value: The closing price of one share of the Fund on the final
Review Date
Share Adjustment Factor: The Share Adjustment Factor is
referenced in determining the closing price of one share of the
Fund and is set equal to 1.0 on the Pricing Date. The Share
Adjustment Factor is subject to adjustment upon the occurrence of
certain events affecting the Fund. See “The Underlyings — Funds
— Anti-Dilution Adjustments” in the accompanying product
supplement for further information.
* Subject to postponement in the event of a market disruption event
and as described under “General Terms of Notes — Postponement
of a Determination Date — Notes Linked to a Single Underlying —
Notes Linked to a Single Underlying (Other Than a Commodity
Index)” and “General Terms of Notes — Postponement of a
Payment Date” in the accompanying product supplement or early
acceleration in the event of an acceleration event as described
under “General Terms of Notes — Consequences of an
Acceleration Event” in the accompanying product supplement and
“Selected Risk Considerations — Risks Relating to the Notes
Generally — We May Accelerate Your Notes If an Acceleration
Event Occurs” in this pricing supplement

PS-2 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
How the Notes Work
Payment upon an Automatic Call
Payment at Maturity If the Notes Have Not Been Automatically Called
Review Dates
You will receive the principal amount
of your notes.
The notes have not
been automatically
called. Proceed to the
payment at maturity.
Final Review Date Payment at Maturity
The Final Value is greater than or equal to the
Barrier Amount.
You will receive:
$1,000 + ($1,000 ×Fund Return)
Under these circumstances, you will
lose a significant portion or all of your
principal amount at maturity.
The Final Value is less than the Barrier Amount.

PS-3 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
Call Premium Amount
The table below illustrates the Call Premium Amount per $1,000 principal amount note for each Review Date based on the Call
Premium Amounts set forth under “Key Terms — Call Premium Amount” above.
Review Date
Call Premium Amount
First
$215.0000
Second
$232.9167
Third
$250.8333
Fourth
$268.7500
Fifth
$286.6667
Sixth
$304.5833
Seventh
$322.5000
Eighth
$340.4167
Ninth
$358.3333
Tenth
$376.2500
Eleventh
$394.1667
Twelfth
$412.0833
Thirteenth
$430.0000
Fourteenth
$447.9167
Fifteenth
$465.8333
Sixteenth
$483.7500
Seventeenth
$501.6667
Eighteenth
$519.5833
Nineteenth
$537.5000
Twentieth
$555.4167
Twenty-First
$573.3333
Twenty-Third
$591.2500
Twenty-Fourth
$609.1667
Twenty-Fifth
$627.0833
Twenty-Sixth
$645.0000
Twenty-Seventh
$662.9167
Twenty-Eighth
$680.8333
Twenty-Ninth
$698.7500
Thirtieth
$716.6667
Thirty-First
$734.5833
Thirty-Second
$752.5000
Thirty-Third
$770.4167
Thirty-Fourth
$788.3333
Thirty-Fifth
$806.2500
Thirty-Fifth
$824.1667
Thirty-Sixth
$842.0833
Thirty-Seventh
$860.0000
Thirty-Eighth
$877.9167
Thirty-Ninth
$895.8333
Fortieth
$913.7500
Forty-First
$931.6667
Forty-Second
$949.5833
Forty-Third
$967.5000
Forty-Fourth
$985.4167
Forty-Fifth
$1,003.3333
Forty-Sixth
$1,021.2500
Forty-Seventh
$1,039.1667
Forty-Eighth
$1,057.0833
Final
$1,075.0000

PS-4 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
Hypothetical Payout Examples
The following examples illustrate payments on the notes linked to a hypothetical Fund, assuming a range of performances for the
hypothetical Fund on the Review Dates.
In addition, the hypothetical payments set forth below assume the following:
• an Initial Value of $100.00;
• a Call Value of $100.00 (equal to 100.00% of the hypothetical Initial Value);
• a Barrier Amount of $70.00 (equal to 70.00% of the hypothetical Initial Value); and
• the Call Premium Amounts set forth under “Key Terms — Call Premium Amount” above.
The hypothetical Initial Value of $100.00 has been chosen for illustrative purposes only and does not represent the actual Initial Value.
The actual Initial Value is the closing price of one share of the Fund on the Pricing Date and is specified under “Key Terms — Initial
Value” in this pricing supplement. For historical data regarding the actual closing prices of one share of the Fund, please see the
historical information set forth under “The Fund” in this pricing supplement.
Each hypothetical payment set forth below is for illustrative purposes only and may not be the actual payment applicable to a purchaser
of the notes. The numbers appearing in the following examples have been rounded for ease of analysis.
Example 1 — Notes are automatically called on the first Review Date.
Date
Closing Price
First Review Date
$110.00
Notes are automatically called
Total Payment
$1,215.00 (21.50% return)
Because the closing price of one share of the Fund on the first Review Date is greater than or equal to the Call Value, the notes will be
automatically called for a cash payment, for each $1,000 principal amount note, of $1,215.00 (or $1,000 plus the Call Premium Amount
applicable to the first Review Date), payable on the applicable Call Settlement Date. No further payments will be made on the notes.
Example 2 — Notes are automatically called on the final Review Date.
Date
Closing Price
First Review Date
$90.00
Notes NOT automatically called
Second Review Date
$75.00
Notes NOT automatically called
Third through Forty-Eighth
Review Dates
Less than Call Value
Notes NOT automatically called
Final Review Date
$200.00
Notes are automatically called
Total Payment
$2,075.00 (107.50% return)
Because the closing price of one share of the Fund on the final Review Date is greater than or equal to the Call Value, the notes will be
automatically called for a cash payment, for each $1,000 principal amount note, of $2,075.00 (or $1,000 plus the Call Premium Amount
applicable to the final Review Date), payable on the applicable Call Settlement Date, which is the Maturity Date.
Example 3 — Notes have NOT been automatically called and the Final Value is greater than or equal to the Barrier Amount.
Date
Closing Price
First Review Date
$90.00
Notes NOT automatically called
Second Review Date
$85.00
Notes NOT automatically called
Third through Forty-Eighth
Review Dates
Less than Call Value
Notes NOT automatically called
Final Review Date
$80.00
Notes NOT automatically called; Final Value is greater than or
equal to Barrier Amount
Total Payment
$1,000.00 (0.00% return)
Because the notes have not been automatically called and the Final Value is greater than or equal to the Barrier Amount, the payment
at maturity, for each $1,000 principal amount note, will be $1,000.00.

PS-5 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
Example 4 — Notes have NOT been automatically called and the Final Value is less than the Barrier Amount.
Date
Closing Price
First Review Date
$80.00
Notes NOT automatically called
Second Review Date
$70.00
Notes NOT automatically called
Third through Forty-Eighth
Review Dates
Less than Call Value
Notes NOT automatically called
Final Review Date
$40.00
Notes NOT automatically called; Final Value is less than Barrier
Amount
Total Payment
$400.00 (-60.00% return)
Because the notes have not been automatically called, the Final Value is less than the Barrier Amount and the Fund Return is -60.00%,
the payment at maturity will be $400.00 per $1,000 principal amount note, calculated as follows:
$1,000 + [$1,000 × (-60.00%)] = $400.00
The hypothetical returns and hypothetical payments on the notes shown above apply only if you hold the notes for their entire term
or until automatically called. These hypotheticals do not reflect the fees or expenses that would be associated with any sale in the
secondary market. If these fees and expenses were included, the hypothetical returns and hypothetical payments shown above would
likely be lower.
Selected Risk Considerations
An investment in the notes involves significant risks. These risks are explained in more detail in the “Risk Factors” sections of the
accompanying prospectus supplement and product supplement.
Risks Relating to the Notes Generally
• YOUR INVESTMENT IN THE NOTES MAY RESULT IN A LOSS —
The notes do not guarantee any return of principal. If the notes have not been automatically called and the Final Value is less than
the Barrier Amount, you will lose 1% of the principal amount of your notes for every 1% that the Final Value is less than the Initial
Value. Accordingly, under these circumstances, you will lose more than 30.00% of your principal amount at maturity and could
lose all of your principal amount at maturity.
• CREDIT RISKS OF JPMORGAN FINANCIAL AND JPMORGAN CHASE & CO. —
Investors are dependent on our and JPMorgan Chase & Co.’s ability to pay all amounts due on the notes. Any actual or potential
change in our or JPMorgan Chase & Co.’s creditworthiness or credit spreads, as determined by the market for taking that credit
risk, is likely to adversely affect the value of the notes. If we and JPMorgan Chase & Co. were to default on our payment
obligations, you may not receive any amounts owed to you under the notes and you could lose your entire investment.
• AS A FINANCE SUBSIDIARY, JPMORGAN FINANCIAL HAS NO INDEPENDENT ACTIVITIES AND HAS LIMITED ASSETS —
As a finance subsidiary of JPMorgan Chase & Co., we have no independent activities beyond the issuance and administration of
our securities and the collection of intercompany obligations. Aside from the initial capital contribution from JPMorgan Chase &
Co., substantially all of our assets relate to obligations of JPMorgan Chase & Co. to make payments under loans made by us to
JPMorgan Chase & Co. or under other intercompany agreements. As a result, we are dependent upon payments from JPMorgan
Chase & Co. to meet our obligations under the notes. We are not an operating subsidiary of JPMorgan Chase & Co. and in a
bankruptcy or resolution of JPMorgan Chase & Co. we are not expected to have sufficient resources to meet our obligations in
respect of the notes as they come due. If JPMorgan Chase & Co. does not make payments to us and we are unable to make
payments on the notes, you may have to seek payment under the related guarantee by JPMorgan Chase & Co., and that
guarantee will rank pari passu with all other unsecured and unsubordinated obligations of JPMorgan Chase & Co. For more
information, see “Risk Factors — Holders of securities issued by JPMorgan Financial may be subject to losses if JPMorgan Chase
& Co. were to enter into a resolution” in the accompanying prospectus supplement.
• THE APPRECIATION POTENTIAL OF THE NOTES IS LIMITED TO ANY CALL PREMIUM AMOUNT PAID ON THE NOTES,
regardless of any appreciation of the Fund, which may be significant. You will not participate in any appreciation of the Fund.

PS-6 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
• THE BENEFIT PROVIDED BY THE BARRIER AMOUNT MAY TERMINATE ON THE FINAL REVIEW DATE —
If the Final Value is less than the Barrier Amount and the notes have not been automatically called, the benefit provided by the
Barrier Amount will terminate and you will be fully exposed to any depreciation of the Fund.
• THE AUTOMATIC CALL FEATURE MAY FORCE A POTENTIAL EARLY EXIT —
If your notes are automatically called, the term of the notes may be reduced to as short as approximately one year. There is no
guarantee that you would be able to reinvest the proceeds from an investment in the notes at a comparable return for a similar
level of risk. Even in cases where the notes are called before maturity, you are not entitled to any fees and commissions described
on the front cover of this pricing supplement.
• THE NOTES DO NOT PAY INTEREST.
• YOU WILL NOT HAVE ANY RIGHTS WITH RESPECT TO THE FUND OR ITS UNDERLYING ASSET.
• THE RISK OF THE CLOSING PRICE OF ONE SHARE OF THE FUND FALLING BELOW THE BARRIER AMOUNT IS
GREATER IF THE PRICE OF ONE SHARE OF THE FUND IS VOLATILE.
• WE MAY ACCELERATE YOUR NOTES IF AN ACCELERATION EVENT OCCURS —
Upon the announcement or occurrence of an acceleration event, we may, in our sole and absolute discretion, accelerate the
payment on your notes and pay you an amount determined by the calculation agent in good faith and in a commercially reasonable
manner by reference to the values of any fixed-income debt component and any derivatives underlying the economic terms of the
notes as of the date of the notice of acceleration. An acceleration event means a Fund is delisted, liquidated or otherwise
terminated and the calculation agent determines, in its sole discretion, that no successor fund is available. If the payment on your
notes is accelerated, your investment may result in a loss, and you may not be able to reinvest your money in a comparable
investment. Please see “The Underlyings — Funds — Discontinuation or Modification of a Fund” in the accompanying product
supplement for more information.
• LACK OF LIQUIDITY —
The notes will not be listed on any securities exchange. Accordingly, the price at which you may be able to trade your notes is
likely to depend on the price, if any, at which JPMS is willing to buy the notes. You may not be able to sell your notes. The notes
are not designed to be short-term trading instruments. Accordingly, you should be able and willing to hold your notes to maturity.
Risks Relating to Conflicts of Interest
• POTENTIAL CONFLICTS —
We and our affiliates play a variety of roles in connection with the notes. In performing these duties, our and JPMorgan Chase &
Co.’s economic interests are potentially adverse to your interests as an investor in the notes. It is possible that hedging or trading
activities of ours or our affiliates in connection with the notes could result in substantial returns for us or our affiliates while the
value of the notes declines. Please refer to “Risk Factors — Risks Relating to Conflicts of Interest” in the accompanying product
supplement.
Risks Relating to the Estimated Value and Secondary Market Prices of the Notes
• THE ESTIMATED VALUE OF THE NOTES IS LOWER THAN THE ORIGINAL ISSUE PRICE (PRICE TO PUBLIC) OF THE
NOTES —
The estimated value of the notes is only an estimate determined by reference to several factors. The original issue price of the
notes exceeds the estimated value of the notes because costs associated with selling, structuring and hedging the notes are
included in the original issue price of the notes. These costs include the selling commissions, the projected profits, if any, that our
affiliates expect to realize for assuming risks inherent in hedging our obligations under the notes, the estimated cost of hedging our
obligations under the notes and the fees, if any, paid for third-party data analytics and/or electronic platform services. See “The
Estimated Value of the Notes” in this pricing supplement.
• THE ESTIMATED VALUE OF THE NOTES DOES NOT REPRESENT FUTURE VALUES OF THE NOTES AND MAY DIFFER
FROM OTHERS’ ESTIMATES —
See “The Estimated Value of the Notes” in this pricing supplement.
• THE ESTIMATED VALUE OF THE NOTES IS DERIVED BY REFERENCE TO AN INTERNAL FUNDING RATE —
The internal funding rate used in the determination of the estimated value of the notes may differ from the market-implied funding
rate for vanilla fixed income instruments of a similar maturity issued by JPMorgan Chase & Co. or its affiliates. Any difference may

PS-7 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
be based on, among other things, our and our affiliates’ view of the funding value of the notes as well as the higher issuance,
operational and ongoing liability management costs of the notes in comparison to those costs for the conventional fixed income
instruments of JPMorgan Chase & Co. This internal funding rate is based on certain market inputs and assumptions, which may
prove to be incorrect, and is intended to approximate the prevailing market replacement funding rate for the notes. The use of an
internal funding rate and any potential changes to that rate may have an adverse effect on the terms of the notes and any
secondary market prices of the notes. See “The Estimated Value of the Notes” in this pricing supplement.
• THE VALUE OF THE NOTES AS PUBLISHED BY JPMS (AND WHICH MAY BE REFLECTED ON CUSTOMER ACCOUNT
STATEMENTS) MAY BE HIGHER THAN THE THEN-CURRENT ESTIMATED VALUE OF THE NOTES FOR A LIMITED TIME
PERIOD —
We generally expect that some of the costs included in the original issue price of the notes will be partially paid back to you in
connection with any repurchases of your notes by JPMS in an amount that will decline to zero over an initial predetermined period.
See “Secondary Market Prices of the Notes” in this pricing supplement for additional information relating to this initial period.
Accordingly, the estimated value of your notes during this initial period may be lower than the value of the notes as published by
JPMS (and which may be shown on your customer account statements).
• SECONDARY MARKET PRICES OF THE NOTES WILL LIKELY BE LOWER THAN THE ORIGINAL ISSUE PRICE OF THE
NOTES —
Any secondary market prices of the notes will likely be lower than the original issue price of the notes because, among other
things, secondary market prices take into account our internal secondary market funding rates for structured debt issuances and,
also, because secondary market prices may exclude selling commissions, projected hedging profits, if any, estimated hedging
costs and fees, if any, paid for third-party data analytics and/or electronic platform services that are included in the original issue
price of the notes. As a result, the price, if any, at which JPMS will be willing to buy the notes from you in secondary market
transactions, if at all, is likely to be lower than the original issue price. Furthermore, if you sell your notes, you will likely be charged
a commission for secondary market transactions, or the price will likely reflect a dealer discount and/or fees for use of an electronic
platform to facilitate secondary market activity. Any sale by you prior to the Maturity Date could result in a substantial loss to you.
• SECONDARY MARKET PRICES OF THE NOTES WILL BE IMPACTED BY MANY ECONOMIC AND MARKET FACTORS —
The secondary market price of the notes during their term will be impacted by a number of economic and market factors, which
may either offset or magnify each other, aside from the selling commissions, projected hedging profits, if any, estimated hedging
costs and the price of one share of the Fund. Additionally, independent pricing vendors and/or third party broker-dealers may
publish a price for the notes, which may also be reflected on customer account statements. This price may be different (higher or
lower) than the price of the notes, if any, at which JPMS may be willing to purchase your notes in the secondary market. See “Risk
Factors — Risks Relating to the Estimated Value and Secondary Market Prices of the Notes — Secondary market prices of the
notes will be impacted by many economic and market factors” in the accompanying product supplement.
Risks Relating to the Fund
• THE FUND IS NOT AN INVESTMENT COMPANY OR A COMMODITY POOL AND WILL NOT BE SUBJECT TO REGULATION
UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED, OR THE COMMODITY EXCHANGE ACT, AS
AMENDED —
Accordingly, you will not benefit from any regulatory protections afforded to persons who invest in regulated investment companies
or commodity pools.
• THE PERFORMANCE AND MARKET VALUE OF THE FUND, PARTICULARLY DURING PERIODS OF MARKET VOLATILITY,
MAY NOT CORRELATE WITH THE PERFORMANCE OF THE FUND’S UNDERLYING ASSET AS WELL AS THE NET ASSET
VALUE PER SHARE —
The Fund does not fully replicate the performance of bitcoin, which we refer to as the underlying asset with respect to the Fund,
due to the fees and expenses charged by the Fund or by restrictions on access to the underlying asset due to other circumstances.
Additionally, there is a risk that part or all of the Fund’s holdings in its underlying asset could be lost, stolen or destroyed. Access
to the Fund’s underlying asset could also be restricted by natural events (such as an earthquake) or human actions (such as a
terrorist attack or cyberattack). All of these factors may lead to a lack of correlation between the performance of the Fund and its
underlying asset. In addition, because the shares of the Fund are traded on a securities exchange and are subject to market
supply and investor demand, the market value of one share of the Fund may differ from the net asset value per share of the Fund.
During periods of market volatility, the Fund’s underlying asset may be unavailable in the secondary market, market participants
may be unable to calculate accurately the net asset value per share of the Fund and the liquidity of the Fund may be adversely
affected. This kind of market volatility may also disrupt the ability of market participants to create and redeem shares of the Fund.

PS-8 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
Further, market volatility may adversely affect, sometimes materially, the prices at which market participants are willing to buy and
sell shares of the Fund. As a result, under these circumstances, the market value of shares of the Fund may vary substantially from
the net asset value per share of the Fund. For all of the foregoing reasons, the performance of the Fund may not correlate with the
performance of its underlying asset as well as the net asset value per share of the Fund, which could materially and adversely
affect the value of the notes in the secondary market and/or reduce any payment on the notes.
• VOLATILITY RISK —
Greater expected volatility with respect to the Fund indicates a greater likelihood as of the Pricing Date that the Final Value could
be less than the Barrier Amount if the notes have not been automatically called. The Fund’s volatility, however, can change
significantly over the term of the notes. The closing price of one share of the Fund could fall sharply during the term of the notes,
which could result in you losing a significant portion or all of your principal amount at maturity. In addition, because the Fund is
linked to a single asset, not a diverse basket or a broad-based index, the notes carry greater risk and may be more volatile than
securities linked to the values of a diverse basket or a broad-based index. Furthermore, bitcoin has historically exhibited high
price volatility relative to more traditional asset classes and has experienced extreme volatility in recent periods and may
continue to do so, which may increase the volatility of the Fund.
• THE NOTES ARE SUBJECT TO RISKS RELATING TO BITCOIN AND THE BITCOIN NETWORK —
The Fund offers exposure to bitcoin. Bitcoin is a digital asset designed to act as a medium of exchange and does not represent
legal tender. Use of bitcoin in the retail and commercial marketplace is relatively limited. Bitcoin generally operates without central
authority or banks and is not backed by any government or organized governing body. Digital assets such as bitcoin are new and
novel products, and their value is influenced by a wide variety of factors that are uncertain and difficult to evaluate. Information
about bitcoin holdings is limited, as ownership of bitcoin is semi-anonymous and the supply of accessible bitcoin is unknown.
Bitcoin is an emerging asset class, and regulation in the United States is still developing, including with respect to market integrity,
anti-fraud, anti-manipulation, cybersecurity, surveillance and anti-money laundering. Federal, state and/or foreign governments
may restrict the use and exchange of bitcoin and any such regulatory actions may adversely affect the value of bitcoin. Bitcoin and
the bitcoin network face significant challenges to scaling. Bitcoin has been and may continue to be subject to extreme market
volatility.
Competition from other digital assets or so-called “central bank digital currencies” could adversely affect the value of bitcoin.
Political or economic crises may motivate large-scale sales of bitcoin, which could result in a reduction in the prices of bitcoin and
adversely affect an investment in the notes. Concerns about the perceived or actual environmental or other risks associated with,
or bad publicity regarding, bitcoin may lead to decreased participation in the bitcoin network or decreased interest in or use of
bitcoin, which could adversely affect the value of bitcoin and therefore the value of and return on the notes. The value of bitcoin
may fall sharply, and potentially to zero, causing you to lose a significant portion or all of your principal amount at maturity. If
bitcoin continues to be subject to sharp fluctuations, the Fund and the notes may be adversely affected.
The value of bitcoin could be adversely affected by the actions of bitcoin miners. Your investment in the notes could also be
adversely affected by a temporary or permanent “fork” (or “split”) of the bitcoin network and the blockchain, with one version
running pre-modified software and the other running modified software. Even when held indirectly, investment vehicles like the
Fund may be affected by the high volatility associated with bitcoin exposure. Bitcoin is susceptible to theft, loss, destruction and
fraud.
Bitcoin exchanges and other trading venues on which bitcoin trades are also relatively new and, in most cases, largely unregulated
and may therefore be more exposed to operational problems, fraud and failure than established, regulated exchanges for
securities, derivatives and other currencies. Bitcoin exchanges may stop operating or permanently shut down due to fraud,
technical glitches, internet disruptions, hackers or malware (e.g., intentional network attacks), which may also affect the price of
bitcoin. Events that negatively affect bitcoin may negatively affect the performance of the Fund and the notes.
• LIMITED TRADING HISTORY —
The Fund commenced trading on The Nasdaq Stock Market on January 11, 2024 and therefore has limited historical performance.
Accordingly, historical information for the Fund is available only since that date. Past performance should not be considered
indicative of future performance.

PS-9 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
• THE ANTI-DILUTION PROTECTION FOR THE FUND IS LIMITED —
The calculation agent will make adjustments to the Share Adjustment Factor for certain events affecting the shares of the Fund.
However, the calculation agent will not make an adjustment in response to all events that could affect the shares of the Fund. If an
event occurs that does not require the calculation agent to make an adjustment, the value of the notes may be materially and
adversely affected.

PS-10 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
The Fund
The Fund is an exchange-traded fund that seeks to reflect generally the performance of the price of bitcoin before the payment of its
expenses and liabilities. The assets of the Fund consist primarily of bitcoin held by the bitcoin custodian on behalf of the Fund. For
additional information about the Fund, see “Fund Descriptions — The iShares® Bitcoin Trust ETF” in the accompanying underlying
supplement.
Historical Information
The following graph sets forth the historical performance of the Fund based on the weekly historical closing prices of one share of the
Fund from January 12, 2024 through May 29, 2026. The Fund commenced trading on The Nasdaq Stock Market on January 11, 2024
and therefore has limited historical performance. The closing price of one share of the Fund on June 9, 2026 was $35.14. We obtained
the closing prices above and below from the Bloomberg Professional® service (“Bloomberg”), without independent verification. The
closing prices above and below may have been adjusted by Bloomberg for actions taken by the Fund, such as stock splits.
The historical closing prices of one share of the Fund should not be taken as an indication of future performance, and no assurance can
be given as to the closing price of one share of the Fund on any Review Date. There can be no assurance that the performance of the
Fund will result in the return of any of your principal amount.
Tax Treatment
You should review carefully the section entitled “United States Federal Taxation” in the accompanying prospectus supplement. The
following discussion, when read in combination with that section, constitutes the full opinion of our special tax counsel, Davis Polk &
Wardwell LLP, regarding the material U.S. federal income tax consequences of owning and disposing of notes.
Based on current market conditions, in the opinion of our special tax counsel it is reasonable to treat the notes as “open transactions”
that are not debt instruments for U.S. federal income tax purposes, as more fully described in “United States Federal Taxation — Tax
Consequences to U.S. Holders — Program Securities Treated as Prepaid Financial Contracts That are Open Transactions” in the
accompanying prospectus supplement. Assuming this treatment is respected, the gain or loss on your notes should be treated as long-
term capital gain or loss if you hold your notes for more than a year, whether or not you are an initial purchaser of notes at the issue
price. However, the IRS or a court may not respect this treatment, in which case the timing and character of any income or loss on the
notes could be materially and adversely affected. In addition, in 2007 Treasury and the IRS released a notice requesting comments on
the U.S. federal income tax treatment of “prepaid forward contracts” and similar instruments. The notice focuses in particular on
whether to require investors in these instruments to accrue income over the term of their investment. It also asks for comments on a
number of related topics, including the character of income or loss with respect to these instruments; the relevance of factors such as
the nature of the underlying property to which the instruments are linked; the degree, if any, to which income (including any mandated
accruals) realized by non-U.S. investors should be subject to withholding tax; and whether these instruments are or should be subject
to the “constructive ownership” regime, which very generally can operate to recharacterize certain long-term capital gain as ordinary
income and impose a notional interest charge. While the notice requests comments on appropriate transition rules and effective dates,
any Treasury regulations or other guidance promulgated after consideration of these issues could materially and adversely affect the
tax consequences of an investment in the notes, possibly with retroactive effect. You should consult your tax adviser regarding the

PS-11 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
U.S. federal income tax consequences of an investment in the notes, including possible alternative treatments and the issues presented
by this notice.
The Estimated Value of the Notes
The estimated value of the notes set forth on the cover of this pricing supplement is equal to the sum of the values of the following
hypothetical components: (1) a fixed-income debt component with the same maturity as the notes, valued using the internal funding
rate described below, and (2) the derivative or derivatives underlying the economic terms of the notes. The estimated value of the
notes does not represent a minimum price at which JPMS would be willing to buy your notes in any secondary market (if any exists) at
any time. The internal funding rate used in the determination of the estimated value of the notes may differ from the market-implied
funding rate for vanilla fixed income instruments of a similar maturity issued by JPMorgan Chase & Co. or its affiliates. Any difference
may be based on, among other things, our and our affiliates’ view of the funding value of the notes as well as the higher issuance,
operational and ongoing liability management costs of the notes in comparison to those costs for the conventional fixed income
instruments of JPMorgan Chase & Co. This internal funding rate is based on certain market inputs and assumptions, which may prove
to be incorrect, and is intended to approximate the prevailing market replacement funding rate for the notes. The use of an internal
funding rate and any potential changes to that rate may have an adverse effect on the terms of the notes and any secondary market
prices of the notes. For additional information, see “Selected Risk Considerations — Risks Relating to the Estimated Value and
Secondary Market Prices of the Notes — The Estimated Value of the Notes Is Derived by Reference to an Internal Funding Rate” in this
pricing supplement.
The value of the derivative or derivatives underlying the economic terms of the notes is derived from internal pricing models of our
affiliates. These models are dependent on inputs such as the traded market prices of comparable derivative instruments and on
various other inputs, some of which are market-observable, and which can include volatility, interest rates and other factors, as well as
assumptions about future market events and/or environments. Accordingly, the estimated value of the notes is determined when the
terms of the notes are set based on market conditions and other relevant factors and assumptions existing at that time.
The estimated value of the notes does not represent future values of the notes and may differ from others’ estimates. Different pricing
models and assumptions could provide valuations for the notes that are greater than or less than the estimated value of the notes. In
addition, market conditions and other relevant factors in the future may change, and any assumptions may prove to be incorrect. On
future dates, the value of the notes could change significantly based on, among other things, changes in market conditions, our or
JPMorgan Chase & Co.’s creditworthiness, interest rate movements and other relevant factors, which may impact the price, if any, at
which JPMS would be willing to buy notes from you in secondary market transactions.
The estimated value of the notes is lower than the original issue price of the notes because costs associated with selling, structuring
and hedging the notes are included in the original issue price of the notes. These costs include the selling commissions paid to JPMS
and other affiliated or unaffiliated dealers, the projected profits, if any, that our affiliates expect to realize for assuming risks inherent in
hedging our obligations under the notes, the estimated cost of hedging our obligations under the notes and the fees, if any, paid for
third-party data analytics and/or electronic platform services. Because hedging our obligations entails risk and may be influenced by
market forces beyond our control, this hedging may result in a profit that is more or less than expected, or it may result in a loss. A
portion of the profits, if any, realized in hedging our obligations under the notes may be allowed to other affiliated or unaffiliated dealers,
and we or one or more of our affiliates will retain any remaining hedging profits. See “Selected Risk Considerations — Risks Relating
to the Estimated Value and Secondary Market Prices of the Notes — The Estimated Value of the Notes Is Lower Than the Original
Issue Price (Price to Public) of the Notes” in this pricing supplement.
Secondary Market Prices of the Notes
For information about factors that will impact any secondary market prices of the notes, see “Risk Factors — Risks Relating to the
Estimated Value and Secondary Market Prices of the Notes — Secondary market prices of the notes will be impacted by many
economic and market factors” in the accompanying product supplement. In addition, we generally expect that some of the costs
included in the original issue price of the notes will be partially paid back to you in connection with any repurchases of your notes by
JPMS in an amount that will decline to zero over an initial predetermined period. These costs can include selling commissions,
projected hedging profits, if any, and, in some circumstances, estimated hedging costs, our internal secondary market funding rates for
structured debt issuances and the fees paid for third-party data analytics and/or electronic platform services. This initial predetermined
time period is intended to be the shorter of six months and one-half of the stated term of the notes. The length of any such initial period
reflects the structure of the notes, whether our affiliates expect to earn a profit in connection with our hedging activities, the estimated
costs of hedging the notes and when these costs are incurred, as determined by our affiliates. See “Selected Risk Considerations —
Risks Relating to the Estimated Value and Secondary Market Prices of the Notes — The Value of the Notes as Published by JPMS

PS-12 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
(and Which May Be Reflected on Customer Account Statements) May Be Higher Than the Then-Current Estimated Value of the Notes
for a Limited Time Period” in this pricing supplement.
Supplemental Use of Proceeds
The notes are offered to meet investor demand for products that reflect the risk-return profile and market exposure provided by the
notes. See “How the Notes Work” and “Hypothetical Payout Examples” in this pricing supplement for an illustration of the risk-return
profile of the notes and “The Fund” in this pricing supplement for a description of the market exposure provided by the notes.
The original issue price of the notes is equal to the estimated value of the notes plus the selling commissions paid to JPMS and other
affiliated or unaffiliated dealers, plus (minus) the projected profits (losses) that our affiliates expect to realize for assuming risks inherent
in hedging our obligations under the notes, plus the estimated cost of hedging our obligations under the notes, plus the fees, if any, paid
for third-party data analytics and/or electronic platform services.
Supplemental Plan of Distribution
JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions of $7.50 per $1,000 principal amount note it
receives from us to other affiliated or unaffiliated dealers. See “Plan of Distribution (Conflicts of Interest)” in the accompanying product
supplement.
Validity of the Notes and the Guarantee
In the opinion of Davis Polk & Wardwell LLP, as special products counsel to JPMorgan Financial and JPMorgan Chase & Co., when the
notes offered by this pricing supplement have been issued by JPMorgan Financial pursuant to the indenture, the trustee and/or paying
agent has made, in accordance with the instructions from JPMorgan Financial, the appropriate entries or notations in its records relating
to the master global note that represents such notes (the “master note”), and such notes have been delivered against payment as
contemplated herein, such notes will be valid and binding obligations of JPMorgan Financial and the related guarantee will constitute a
valid and binding obligation of JPMorgan Chase & Co., enforceable in accordance with their terms, subject to applicable bankruptcy,
insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general
applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel
expresses no opinion as to (x)(i) the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the
conclusions expressed above or (ii) any provision of the indenture that purports to avoid the effect of fraudulent conveyance, fraudulent
transfer or similar provision of applicable law by limiting the amount of JPMorgan Chase & Co.’s obligation under the related guarantee
or (y) the validity, legally binding effect or enforceability of any provision that permits holders to collect any portion of the stated principal
amount upon acceleration of the notes to the extent determined to constitute unearned interest. This opinion is given as of the date
hereof and is limited to the laws of the State of New York, the General Corporation Law of the State of Delaware and the Delaware
Limited Liability Company Act, except that such counsel expresses no opinion as to (i) any law, rule or regulation that is applicable to
JPMorgan Financial or JPMorgan Chase & Co., the indenture, the notes, the related guarantee (together with the indenture and the
notes, the “Documents”) or such transactions solely because such law, rule or regulation is part of a regulatory regime applicable to any
party to any of the Documents or any of its affiliates due to the specific assets or business of such party or such affiliate or (ii) any law,
rule or regulation relating to national security. In addition, this opinion is subject to customary assumptions about the trustee’s
authorization, execution and delivery of the indenture and its authentication of the master note and the validity, binding nature and
enforceability of the indenture with respect to the trustee, all as stated in the letter of such counsel dated February 24, 2026, which was
filed as an exhibit to the Registration Statement on Form S-3 by JPMorgan Financial and JPMorgan Chase & Co. on February 24,
2026.
Additional Terms Specific to the Notes
You should read this pricing supplement together with the accompanying prospectus, as supplemented by the accompanying
prospectus supplement relating to our Series A medium-term notes of which these notes are a part, and the more detailed information
contained in the accompanying product supplement and the accompanying underlying supplement. This pricing supplement, together
with the documents listed below, contains the terms of the notes and supersedes all other prior or contemporaneous oral statements as
well as any other written materials including preliminary or indicative pricing terms, correspondence, trade ideas, structures for
implementation, sample structures, fact sheets, brochures or other educational materials of ours. You should carefully consider, among
other things, the matters set forth in the “Risk Factors” sections of the accompanying prospectus supplement and the accompanying
product supplement, as the notes involve risks not associated with conventional debt securities. We urge you to consult your
investment, legal, tax, accounting and other advisers before you invest in the notes.

PS-13 | Structured Investments
Review Notes Linked to the iShares® Bitcoin Trust ETF
You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, by reviewing our
filings for the relevant date on the SEC website):
• Product supplement no. 3-I dated April 17, 2026:
http://www.sec.gov/Archives/edgar/data/19617/000121390026045198/ea0285802-20_424b2.pdf
• Underlying supplement no. 1-I dated April 17, 2026:
http://www.sec.gov/Archives/edgar/data/19617/000121390026045209/ea0285802-11_424b2.pdf
• Prospectus supplement and prospectus, each dated April 17, 2026:
http://www.sec.gov/Archives/edgar/data/19617/000095010326005889/crt_dp245141-424b2.pdf
Our Central Index Key, or CIK, on the SEC website is 1665650, and JPMorgan Chase & Co.’s CIK is 19617. As used in this pricing
supplement, “we,” “us” and “our” refer to JPMorgan Financial.

FAQ

What exactly do the JPM Review Notes (JPM) pay if automatically called?

If automatically called on a Review Date, each $1,000 note pays $1,000 plus the Call Premium Amount applicable to that Review Date. For example, the first Review Date Call Premium Amount is $215.00, yielding a $1,215.00 payment per $1,000 note.

What is the downside risk at maturity for the JP Morgan Review Notes?

If notes are not called and the Final Value is below the Barrier Amount, payment equals $1,000 + ($1,000 × Fund Return). With a Barrier of 70.00% of Initial Value, you could lose over 30.00% of principal or potentially all principal.

What are the relevant dates and term for these notes (JPM)?

The notes priced on June 9, 2026, are expected to settle on or about June 12, 2026, have Review Dates beginning June 9, 2027, and mature on June 12, 2031 (final Review Date June 9, 2031).

How do issuer and guarantor credit risks affect the notes?

Payments on the notes depend on JPMorgan Financial as issuer and JPMorgan Chase & Co. as guarantor. Any deterioration in their creditworthiness or default could reduce secondary prices or prevent full payment, as the guarantee ranks pari passu with other unsecured obligations.

What was the estimated value versus issue price for these notes?

When terms were set, the estimated value was $965.60 per $1,000 principal amount note; the issue (price to public) was $1,000 per note, which reflects selling commissions and structuring/hedging costs.