JPMORGAN CHASE & CO (VYLD) SEC Filings, Jun 25, 2025

J.P. Morgan is marketing 5-year “Uncapped Buffered Return Enhanced Notes” linked to the MSCI EAFE® Index (MXEA). The notes will be issued by JPMorgan Chase Financial Company LLC and fully guaranteed by JPMorgan Chase & Co. Key dates are a Pricing Date of 30 Jun 2025, a single Observation Date of 1 Jul 2030, and a Maturity Date of 5 Jul 2030. Minimum investment is $1,000 (CUSIP 48136E6Q3).

Return profile

• Upside is uncapped and multiplied by an Upside Leverage Factor ≥ 1.195 (final factor set on the pricing date).
• A 20 % downside buffer means investors receive full principal if the index is flat or falls by ≤ 20 %.
• If the index declines by > 20 %, principal is reduced 1-for-1 beyond the buffer: Payment = $1,000 + [$1,000 × (Index Return + 20 %)]

Valuation metrics

• Estimated value at issuance ≥ $920 per $1,000 note, reflecting internal funding costs; secondary-market prices may differ.
• No periodic coupons, dividends, or voting rights.

Principal risks highlighted

• Credit risk of both the issuer and guarantor.
• Market risk tied to non-U.S. equities and FX movements embedded in the MSCI EAFE index.
• Liquidity risk: JP Morgan Securities LLC may make a market but is not obliged to repurchase notes.
• Potential conflicts of interest from JP Morgan’s roles as issuer, hedger, and calculation agent.
• Possible early acceleration upon a change-in-law event.

The Free Writing Prospectus (FWP) is filed under Rule 433 (Registration Nos. 333-270004 & -01); investors should review the full preliminary pricing supplement for complete terms, risk factors, and tax disclosure.