# EDGAR Filing Document

**Accession Number:** 0001665650
**File Stem:** 0001213900-26-043247
**Filing Date:** 2026-4
**Character Count:** 77829
**Document Hash:** 9559b362dfe6ba48818322615c599997
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-043247.hdr.sgml**: 20260414

**ACCESSION NUMBER**: 0001213900-26-043247

**CONFORMED SUBMISSION TYPE**: 424B2

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260414

**DATE AS OF CHANGE**: 20260414

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMORGAN CHASE & CO
- **CENTRAL INDEX KEY:** 0000019617
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 132624428
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-270004
- **FILM NUMBER:** 26859291

**BUSINESS ADDRESS:**
- **STREET 1:** 270 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2122706000

**MAIL ADDRESS:**
- **STREET 1:** 270 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** J P MORGAN CHASE & CO
- **DATE OF NAME CHANGE:** 20010102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHASE MANHATTAN CORP /DE/
- **DATE OF NAME CHANGE:** 19960402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHEMICAL BANKING CORP
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMorgan Chase Financial Co. LLC
- **CENTRAL INDEX KEY:** 0001665650
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 475462128
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B2
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-270004-01
- **FILM NUMBER:** 26859292

**BUSINESS ADDRESS:**
- **STREET 1:** 383 MADISON AVENUE
- **STREET 2:** FLOOR 21
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10179
- **BUSINESS PHONE:** (212) 270-6000

**MAIL ADDRESS:**
- **STREET 1:** 383 MADISON AVENUE
- **STREET 2:** FLOOR 21
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10179

**The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.**

**Subject to completion dated April 13, 2026**

---

| | |
|:---|:---|
| **JPMorgan Chase Financial Company LLC** | **April 2026** |

---

Pricing Supplement

Registration Statement Nos. 333-270004 and 333-270004-01

Dated April , 2026

Filed pursuant to Rule 424(b)(2)

Structured Investments

Opportunities in U.S. Equities

Trigger PLUS Based on the Performance of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

**Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.**

The Trigger PLUS will pay no interest and do not guarantee any return of your principal at maturity. At maturity, if the ETF Shares have **appreciated** in price, investors will receive the stated principal amount of their investment *plus* leveraged upside performance of the ETF Shares, subject to a maximum payment at maturity. If the ETF Shares have declined in price but the final share price is greater than or equal to the trigger level, investors will receive the stated principal amount of the Trigger PLUS at maturity. However, if the ETF Shares have **declined** in price so that the final share price is less than the trigger level, at maturity investors will lose a significant portion or all of their investment, resulting in a 1% loss for every 1% decline in the closing price of the ETF Shares over the term of the Trigger PLUS. The Trigger PLUS are for investors who seek an equity-based return and who are willing to risk their principal and forgo current income and upside above the maximum payment at maturity in exchange for the leverage feature that applies to a limited range of positive performance of the ETF Shares**.** The Trigger PLUS 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., issued as part of JPMorgan Financial's Medium-Term Notes, Series A, program. **Any payment on the Trigger PLUS is subject to the credit risk of JPMorgan Financial, as issuer of the Trigger PLUS, and the credit risk of JPMorgan Chase & Co., as guarantor of the Trigger PLUS. The investor may lose a significant portion or all of the stated principal amount of the Trigger PLUS.**

&nbsp;&nbsp;**SUMMARY TERMS**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Issuer:** | JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. |
| &nbsp;&nbsp;**Guarantor:** | JPMorgan Chase & Co. |
| &nbsp;&nbsp;**ETF Shares:** | Shares of the Invesco S&P 500<sup>®</sup> Equal Weight ETF (Bloomberg ticker: RSP UP Equity) |
| &nbsp;&nbsp;**Aggregate principal amount:** | $|
| &nbsp;&nbsp;**Payment at maturity:** | If the final share price is *greater than* the initial share price, for each $1,000 stated principal amount Trigger PLUS: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;$1,000 + leveraged upside payment |
|  | *In no event will the payment at maturity exceed the maximum payment at maturity.* |
|  | If the final share price is *less than or equal to* the initial share price but is *greater than or equal to* the trigger level, for each $1,000 stated principal amount Trigger PLUS: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;$1000 |
|  | If the final share price is *less than* the trigger level, for each $1,000 stated principal amount Trigger PLUS: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;$1,000 × share performance factor |
|  | *This amount will be less than the stated principal amount of $1,000 per Trigger PLUS and will represent a loss of more than 10%, and possibly all, of your investment.* |
| &nbsp;&nbsp;**Leveraged upside payment:** | $1,000 × leverage factor × share percent increase |
| &nbsp;&nbsp;**Share percent increase:** | (final share price – initial share price) / initial share price |
| &nbsp;&nbsp;**Trigger level:** | 90% of the initial share price |
| &nbsp;&nbsp;**Leverage factor:** | 200% |
| &nbsp;&nbsp;**Share performance factor:** | final share price / initial share price |
| &nbsp;&nbsp;**Maximum payment at maturity:** | At least $1,233.50 (at least 123.35% of the stated principal amount) per Trigger PLUS. The actual maximum payment at maturity will be provided in the pricing supplement and will not be less than $1,233.50 per Trigger PLUS. |
| &nbsp;&nbsp;**Stated principal amount:** | $1,000 per Trigger PLUS |
| &nbsp;&nbsp;**Issue price:** | $1,000 per Trigger PLUS (see "Commissions and issue price" below) |
| &nbsp;&nbsp;**Pricing date:** | April , 2026 (expected to price on or about April 30, 2026) |
| &nbsp;&nbsp;**Original issue date (settlement date):** | May , 2026 (3 business days after the pricing date) |
| &nbsp;&nbsp;**Valuation date\*:** | May 1, 2028 |
| &nbsp;&nbsp;**Maturity date\*:** | May 4, 2028 |
| &nbsp;&nbsp;**Agent:** | J.P. Morgan Securities LLC ("JPMS") |
|  | ***Terms continued on the following page*** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Commissions and issue price:** | &nbsp;&nbsp;**Price to public<sup>(1)</sup>** | **Fees and commissions** | **Proceeds to issuer** |
| &nbsp;&nbsp;**Per Trigger PLUS** | &nbsp;&nbsp;$1000.00 | &nbsp;&nbsp;$20.00**<sup>(2)</sup>** | &nbsp;&nbsp;$975.00 |
|  |  | &nbsp;&nbsp;$5.00**<sup>(3)</sup>** |  |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;$| &nbsp;&nbsp;$| &nbsp;&nbsp;$|

---

*(1)* *See "Additional Information about the Trigger PLUS — Supplemental use of proceeds and hedging" in this document for information about the components of the price to public of the Trigger PLUS.* 

*(2)* *JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to Morgan Stanley Smith Barney LLC ("Morgan Stanley Wealth Management"). In no event will these selling commissions exceed $20.00 per $1,000 stated principal amount Trigger PLUS. See "Plan of Distribution (Conflicts of Interest)" in the accompanying product supplement.* 

*(3)* *Reflects a structuring fee payable to Morgan Stanley Wealth Management by the agent or its affiliates of $5.00 for each $1,000 stated principal amount Trigger PLUS* 

\* 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

**If the Trigger PLUS priced today and assuming a maximum payment at maturity equal to the minimum listed above, the estimated value of the Trigger PLUS would be approximately $967.20 per $1,000 stated principal amount Trigger PLUS. The estimated value of the Trigger PLUS on the pricing date will be provided in the pricing supplement and will not be less than $940.00 per $1,000 stated principal amount Trigger PLUS. See "Additional Information about the Trigger PLUS — The estimated value of the Trigger PLUS" in this document for additional information.**

**Investing in the Trigger PLUS involves a number of risks. See "Risk Factors" beginning on page S-2 of the accompanying prospectus supplement, Annex A to the accompanying prospectus addendum, "Risk Factors" beginning on page PS-11 of the accompanying product supplement and "Risk Factors" beginning on page 7 of this document.**

Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the Trigger PLUS or passed upon the accuracy or the adequacy of this document or the accompanying product supplement, underlying supplement, prospectus supplement, prospectus and prospectus addendum. Any representation to the contrary is a criminal offense.

*The Trigger PLUS 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.*

**You should read this document together with the related product supplement, underlying supplement, prospectus supplement, prospectus and prospectus addendum, each of which can be accessed via the hyperlinks below. Please also see "Additional Information about the Trigger PLUS" at the end of this document.**

Product supplement no. 4-I dated April 13, 2023: [http://www.sec.gov/Archives/edgar/data/19617/000121390023029539/ea152803_424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000121390023029539/ea152803_424b2.pdf)

Underlying supplement no. 1-I dated April 13, 2023: [http://www.sec.gov/Archives/edgar/data/19617/000121390023029543/ea151873_424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000121390023029543/ea151873_424b2.pdf)

Prospectus supplement and prospectus, each dated April 13, 2023: [http://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf)

Prospectus addendum dated June 3, 2024: [http://www.sec.gov/Archives/edgar/data/1665650/000095010324007599/dp211753_424b3.htm](http://www.sec.gov/Archives/edgar/data/1665650/000095010324007599/dp211753_424b3.htm)

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

***Terms continued from previous page:***

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Initial share price:** | The closing price of one ETF Share on the pricing date |
| &nbsp;&nbsp;**Final share price:** | The closing price of one ETF Share on the valuation date |
| &nbsp;&nbsp;**Share adjustment factor:** | The share adjustment factor is referenced in determining the closing price of one ETF Share and is set initially at 1.0 on the pricing date. The share adjustment factor is subject to adjustment in the event of certain events affecting the ETF Shares. See "The Underlyings — Funds — Anti-Dilution Adjustments" in the accompanying product supplement. |
| &nbsp;&nbsp;**CUSIP / ISIN:** | 46660T3Y4 / US46660T3Y47 |
| &nbsp;&nbsp;**Listing:** | The Trigger PLUS will not be listed on any securities exchange. |

---

April 2026 Page 2

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

Investment Summary

**Trigger Performance Leveraged Upside Securities**

**Principal at Risk Securities**

The Trigger PLUS Based on the Performance of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028 (the "Trigger PLUS") can be used:

▪ As an alternative to direct exposure to the ETF Shares that enhances returns for a certain range of positive performance of the ETF
Shares.

▪ To potentially achieve similar levels of upside exposure to the ETF Shares as a direct investment, subject to the maximum payment
at maturity, while using fewer dollars by taking advantage of the leverage factor.

▪ To provide limited market downside protection against loss of principal in the event of a decline of the ETF Shares but only if the
final share price is *greater than or equal to* the trigger level.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Maturity:** | &nbsp;&nbsp;Approximately 2 years |
| &nbsp;&nbsp;**Leverage factor:** | &nbsp;&nbsp;200% |
| &nbsp;&nbsp;**Maximum payment at maturity:** | &nbsp;&nbsp;At least $1,233.50 (at least 123.35% of the stated principal amount) per Trigger PLUS (to be provided in the pricing supplement) |
| &nbsp;&nbsp;**Trigger level:** | &nbsp;&nbsp;90% of the initial share price |
| &nbsp;&nbsp;**Minimum payment at maturity:** | &nbsp;&nbsp;None. Investors may lose their entire initial investment in the Trigger PLUS. |

---

Supplemental Terms of the Trigger PLUS

For purposes of the accompanying product supplement, the Invesco S&P 500<sup>®</sup> Equal Weight ETF is a "Fund."

Any values of the ETF Shares, and any values derived therefrom, included in this document may be corrected, in the event of manifest error or inconsistency, by amendment of this document and the corresponding terms of the Trigger PLUS. Notwithstanding anything to the contrary in the indenture governing the Trigger PLUS, that amendment will become effective without consent of the holders of the Trigger PLUS or any other party.

April 2026 Page 3

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

Key Investment Rationale

Trigger PLUS offer leveraged exposure to an underlying asset, which may be equities, commodities and/or currencies, while providing limited protection against negative performance of the underlying asset. In exchange for enhanced returns from any positive performance of the underlying asset, investors are exposed to the risk of loss of a significant portion or all of their investment due to the trigger feature. At maturity, if the underlying asset has appreciated, investors will receive the stated principal amount of their investment *plus* leveraged upside performance of the underlying asset, subject to the maximum payment at maturity. At maturity, if the underlying asset has depreciated but is at or above the trigger level, investors will receive the stated principal amount of their investment. At maturity, if the underlying asset has depreciated below the trigger level, investors are fully exposed to the negative performance of the underlying asset. **Investors may lose a significant portion or all of the stated principal amount of the Trigger PLUS.**

---

| | |
|:---|:---|
| **Leveraged Performance** | The Trigger PLUS offer investors an opportunity to capture enhanced returns for a certain range of positive performance relative to a direct investment in the ETF Shares. |
| **Trigger Feature** | At maturity, even if the ETF Shares have declined over the term of the Trigger PLUS, investors will receive their stated principal amount but only if the final share price is *greater than or equal to* the trigger level. |
| **Upside Scenario** | The ETF Shares increase in price and, at maturity, the Trigger PLUS pay the stated principal amount of $1,000 *plus* a return equal to 200% of the share percent increase, subject to the maximum payment at maturity of at least $1,233.50 (at least 123.35% of the stated principal amount) per Trigger PLUS. The actual maximum payment at maturity will be provided in the pricing supplement.<br>|
| **Par Scenario** | The final share price is less than or equal to the initial share price but is greater than or equal to the trigger level. In this case, the Trigger PLUS pay the stated principal amount of $1,000 per Trigger PLUS at maturity even when the ETF Shares have depreciated. |
| **Downside Scenario** | The final share price is less than the trigger level. In this case, the Trigger PLUS pay an amount that is over 10% less than the stated principal amount and this decrease will be by an amount that is proportionate to the percentage decline of the final share price from the initial share price. (Example: if the ETF Shares decrease in price by 40%, the Trigger PLUS will pay an amount that is less than the stated principal amount by 40%, or $600 per Trigger PLUS.) |

---

April 2026 Page 4

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

How the Trigger PLUS Work

**Payoff Diagram**

The payoff diagram below illustrates the payment at maturity on the Trigger PLUS based on the following terms:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Stated principal amount:** | &nbsp;&nbsp;$1,000 per Trigger PLUS |
| &nbsp;&nbsp;**Leverage factor:** | &nbsp;&nbsp;200% |
| &nbsp;&nbsp;**Hypothetical maximum payment at maturity:** | &nbsp;&nbsp;$1,233.50 (123.35% of the stated principal amount) per Trigger PLUS (which represents the lowest hypothetical maximum payment at maturity)\* |
| &nbsp;&nbsp;**Trigger level:** | &nbsp;&nbsp;90% of the initial share price |

---

\*The actual maximum payment at maturity will be provided in the pricing supplement and will not be less than $1,233.50 per Trigger PLUS.

---

| |
|:---|
| **Trigger PLUS Payoff Diagram** |
| &nbsp;&nbsp;![](image_001.jpg) |

---

**How it works**

▪ **Upside Scenario.** If the final share price is
greater than the initial share price, for each $1,000 stated principal amount Trigger PLUS, investors will receive the $1,000 stated principal
amount *plus* a return equal to 200% of the appreciation of the ETF Shares over the term of the Trigger PLUS, subject to the maximum
payment at maturity. Under the hypothetical terms of the Trigger PLUS, an investor will realize the hypothetical maximum payment at maturity
at a final share price of 111.675% of the initial share price.

▪ **Par Scenario.** If the final share price is less
than or equal to the initial share price but is greater than or equal to the trigger level, investors will receive the stated principal
amount of $1,000 per Trigger PLUS.

&nbsp;&nbsp;&nbsp;&nbsp;▪ For example, if the ETF Shares depreciate 5%, investors will receive the $1,000 stated principal amount.

▪ **Downside Scenario.** If the final share price
is less than the trigger level, investors will receive an amount that is significantly less than the stated principal amount by an amount
proportionate to the percentage decrease of the final share price from the initial share price.

&nbsp;&nbsp;&nbsp;&nbsp;▪ For example, if the ETF Shares depreciate 50%, investors will lose 50% of their principal and receive only $500.00 per Trigger PLUS
at maturity, or 50% of the stated principal amount.

April 2026 Page 5

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

The hypothetical returns and hypothetical payments on the Trigger PLUS shown above apply **only if you hold the Trigger PLUS for their entire term.** These hypotheticals do not reflect 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.

April 2026 Page 6

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

Risk Factors

*The following is a non-exhaustive list of certain key risk factors for investors in the Trigger PLUS. For further discussion of these and other risks, you should read the sections entitled "Risk Factors" of the accompanying prospectus supplement and the accompanying product supplement and Annex A to the accompanying prospectus addendum. We urge you to consult your investment, legal, tax, accounting and other advisers in connection with your investment in the Trigger PLUS.*

Risks Relating to the Trigger PLUS Generally

▪ **The Trigger PLUS do not pay interest or guarantee the return of any principal and your investment in the Trigger PLUS may result in a loss.** The terms of the Trigger PLUS differ from those of ordinary debt
securities in that the Trigger PLUS do not pay interest or guarantee the payment of any principal amount at maturity. If the final share
price is less than the trigger level (which is 90% of the initial share price), the payment at maturity will be an amount in cash that
is over 10% less than the stated principal amount of each Trigger PLUS, and this decrease will be by an amount that is proportionate to
the decrease in the price of the ETF Shares and may be zero. There is no minimum payment at maturity on the Trigger PLUS, and, accordingly,
you could lose your entire initial investment in the Trigger PLUS.

▪ **The appreciation potential of the Trigger PLUS is limited by the maximum payment at maturity.** The appreciation potential of the Trigger PLUS is limited by the maximum payment
at maturity of at least $1,233.50 (at least 123.35% of the stated principal amount) per Trigger PLUS. The actual maximum payment at maturity
will be provided in the pricing supplement. Because the maximum payment at maturity will be limited to at least 123.35% of the stated
principal amount for the Trigger PLUS, any increase in the final share price by more than 11.675% (if the maximum payment at maturity
is set at 123.35% of the stated principal amount) will not further increase the return on the Trigger PLUS.

▪ **The Trigger PLUS are subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., and any actual or anticipated changes to our or JPMorgan Chase & Co.'s credit ratings or credit spreads may adversely affect the market value of the Trigger PLUS.** Investors are dependent on our and JPMorgan
Chase & Co.'s ability to pay all amounts due on the Trigger PLUS. Any actual or anticipated decline in our or JPMorgan
Chase & Co.'s credit ratings or increase in our or JPMorgan Chase & Co.'s credit spreads determined
by the market for taking that credit risk is likely to adversely affect the market value of the Trigger PLUS. If we and JPMorgan Chase & Co.
were to default on our payment obligations, you may not receive any amounts owed to you under the Trigger PLUS and you could lose your
entire investment.

▪ **As a finance subsidiary, JPMorgan Financial has no independent operations and has limited assets.** As a finance subsidiary of JPMorgan Chase & Co., we have no independent operations 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 Trigger PLUS. We are not a key 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 Trigger PLUS as they come due. If JPMorgan Chase & Co.
does not make payments to us and we are unable to make payments on the Trigger PLUS, 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 the accompanying prospectus addendum.

▪ **The benefit provided by the trigger level may terminate on the valuation date.** If the final share price is less than the trigger level, the benefit provided by the
trigger level will terminate and you will be fully exposed to any depreciation of the ETF Shares.

▪ **Secondary trading may be limited.** Th e
 Trigger PLUS will not be listed on a securities exchange. There may be little or no secondary market for the Trigger PLUS. Even if
 there is a secondary market, it may not provide enough liquidity to allow you to trade or sell the Trigger PLUS easily .
 JPMS may act as a market maker for the Trigger PLUS, but is not required to do so. Because we do not expect that other market makers will participate significantly in the secondary market
for the Trigger PLUS, the price at which you may be able to trade your Trigger PLUS is likely to depend on the price, if any, at which JPMS is willing to

April 2026 Page 7

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

buy the Trigger PLUS. If at any time JPMS or another agent does not act as a market maker, it is likely that there would be little or no secondary market for the Trigger PLUS.

▪ **The final terms and estimated valuation of the Trigger PLUS will be provided in the pricing supplement.** The final terms of the Trigger PLUS will be provided in the pricing supplement. In particular, each of the
estimated value of the Trigger PLUS and the maximum payment at maturity will be provided in the pricing supplement and each may be as
low as the applicable minimum set forth on the cover of this document. Accordingly, you should consider your potential investment in the
Trigger PLUS based on the minimums for the estimated value of the Trigger PLUS and the maximum payment at maturity.

▪ **The tax consequences of an investment in the Trigger PLUS are uncertain.** There
is no direct legal authority as to the proper U.S. federal income tax characterization of the Trigger PLUS, and we do not intend to request
a ruling from the IRS. The IRS might not accept, and a court might not uphold, the treatment of the Trigger PLUS described in "Additional
Information about the Trigger PLUS ― Additional Provisions ― Tax considerations" in this document and in "Material
U.S. Federal Income Tax Consequences" in the accompanying product supplement. If the IRS were successful in asserting an alternative
treatment for the Trigger PLUS, the timing and character of any income or loss on the Trigger PLUS could differ materially and adversely
from our description herein. Even if the treatment of the Trigger PLUS is respected, the IRS may assert that the Trigger PLUS constitute
"constructive ownership transactions" within the meaning of Section 1260 of the Internal Revenue Code of 1986, as amended
(the "Code"), in which case any gain recognized in respect of the Trigger PLUS that would otherwise be long-term capital gain
and that is in excess of the "net underlying long-term capital gain" (as defined in Section 1260) would be treated as ordinary
income, and a notional interest charge would apply as if that income had accrued for tax purposes at a constant yield over your holding
period for the Trigger PLUS. Our special tax counsel has not expressed an opinion with respect to whether the constructive ownership rules
apply to the Trigger PLUS. 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
described above. 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 Trigger PLUS, possibly with retroactive effect . You should
review carefully the section entitled "Material U.S. Federal Income Tax Consequences" in the accompanying product supplement
and consult your tax adviser regarding the U.S. federal income tax consequences of an investment in the Trigger PLUS, including the potential
application of the constructive ownership rules, possible alternative treatments and the issues presented by this notice.

Risks Relating to Conflicts of Interest

▪ **Economic interests of the issuer, the guarantor, the calculation agent, the agent of the offering of the Trigger PLUS and other affiliates of the issuer may be different from those of investors.** We
and our affiliates play a variety of roles in connection with the issuance of the Trigger PLUS, including acting as calculation agent
and as an agent of the offering of the Trigger PLUS, hedging our obligations under the Trigger PLUS and making the assumptions used to
determine the pricing of the Trigger PLUS and the estimated value of the Trigger PLUS, which we refer to as the estimated value of the
Trigger PLUS. In performing these duties, our and JPMorgan Chase & Co.'s economic interests and the economic interests
of the calculation agent and other affiliates of ours are potentially adverse to your interests as an investor in the Trigger PLUS. The
calculation agent will determine the initial share price, the trigger level and the final share price and will calculate the amount of
payment you will receive at maturity, if any. Determinations made by the calculation agent, including with respect to the occurrence or
non-occurrence of market disruption events, the selection of a successor to the ETF Shares or calculation of the final share price in
the event of a discontinuation of the ETF Shares, and any anti-dilution adjustments, may affect the payment to you at maturity.

In addition, our and JPMorgan Chase & Co.'s business activities, including hedging and trading activities, could cause our and JPMorgan Chase & Co.'s economic interests to be adverse to yours and could adversely affect any payment on the Trigger PLUS and the value of the Trigger PLUS. It is possible that

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Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

hedging or trading activities of ours or our affiliates in connection with the Trigger PLUS could result in substantial returns for us or our affiliates while the value of the Trigger PLUS declines. Please refer to "Risk Factors — Risks Relating to Conflicts of Interest" in the accompanying product supplement for additional information about these risks.

▪ **Hedging and trading activities by the issuer and its affiliates could potentially affect the value of the Trigger PLUS .** The hedging or trading activities of the issuer's affiliates and of any other hedging counterparty with respect
to the Trigger PLUS on or prior to the pricing date and prior
to maturity could adversely affect the price of the ETF Shares and, as a result, could decrease the amount an investor may receive on
the Trigger PLUS at maturity, if any. Any of these hedging or trading activities on or prior to the pricing date could potentially
affect the initial share price and the trigger level and, therefore, could potentially increase the price that the final share price must
reach before you receive a payment at maturity that exceeds the issue price of the Trigger
PLUS or so that you do not suffer a loss on your initial investment in the Trigger PLUS . Additionally, these hedging or trading
activities during the term of the Trigger PLUS , including
on the valuation date, could adversely affect the final share price and, accordingly, the payment to you at maturity, if any. It is possible
that these hedging or trading activities could result in substantial returns for us or our affiliates while the value of the Trigger PLUS
declines.

Risks Relating to the Estimated Value and Secondary Market Prices of the Trigger PLUS

▪ **The estimated value of the Trigger PLUS will be lower than the original issue price (price to public) of the Trigger PLUS.** The estimated value of the Trigger PLUS is only
an estimate determined by reference to several factors. The original issue price of the Trigger PLUS will exceed the estimated value of
the Trigger PLUS because costs associated with selling, structuring and hedging the Trigger PLUS are included in the original issue price
of the Trigger PLUS. These costs include the selling commissions, the structuring fee, the projected profits, if any, that our affiliates
expect to realize for assuming risks inherent in hedging our obligations under the Trigger PLUS and the estimated cost of hedging our
obligations under the Trigger PLUS. See "Additional Information about the Trigger PLUS — The estimated value of the Trigger
PLUS" in this document.

▪ **The estimated value of the Trigger PLUS does not represent future values of the Trigger PLUS and may differ from others' estimates.** The estimated value of the Trigger
PLUS is determined by reference to internal pricing models of our affiliates. This estimated value of the Trigger PLUS is based on market
conditions and other relevant factors existing at the time of pricing and assumptions about market parameters, which can include volatility,
dividend rates, interest rates and other factors. Different pricing models and assumptions could provide valuations for the Trigger PLUS
that are greater than or less than the estimated value of the Trigger PLUS. 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 Trigger PLUS 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 Trigger PLUS from
you in secondary market transactions. See "Additional Information about the Trigger PLUS — The estimated value of the Trigger
PLUS" in this document.

▪ **The estimated value of the Trigger PLUS is derived by reference to an internal funding rate.** The internal funding rate used in the determination of the estimated value of the
Trigger PLUS 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 Trigger PLUS as well as the higher issuance, operational and ongoing liability management costs of the Trigger
PLUS 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 Trigger PLUS. The use of an internal funding rate and any potential changes to
that rate may have an adverse effect on the terms of the
Trigger PLUS and any secondary market prices of the Trigger PLUS. See "Additional Information about the Trigger PLUS — The
estimated value of the Trigger PLUS" in this document.

▪ **The value of the Trigger PLUS as published by JPMS (and which may be reflected on customer account statements) may be higher than the then-current estimated value of the Trigger PLUS for a limited time period.** We generally expect that some of the costs included in the original issue price of the

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

Trigger PLUS will be partially paid back to you in connection with any repurchases of your Trigger PLUS by JPMS in an amount that will decline to zero over an initial predetermined period. These costs can include selling commissions, the structuring fee, projected hedging profits, if any, and, in some circumstances, estimated hedging costs and our internal secondary market funding rates for structured debt issuances. See "Additional Information about the Trigger PLUS — Secondary market prices of the Trigger PLUS" in this document for additional information relating to this initial period. Accordingly, the estimated value of your Trigger PLUS during this initial period may be lower than the value of the Trigger PLUS as published by JPMS (and which may be shown on your customer account statements).

▪ **Secondary market prices of the Trigger PLUS will likely be lower than the original issue price of the Trigger PLUS .** Any secondary market prices of the Trigger PLUS will likely be lower than the original issue price of the Trigger PLUS 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, the structuring fee, projected hedging profits, if any, and
estimated hedging costs that are included in the original issue price of the Trigger PLUS. As a result, the price, if any, at which JPMS
will be willing to buy Trigger PLUS from you in secondary market transactions, if at all, is likely to be lower than the original issue
price. Any sale by you prior to the maturity date could result in a substantial loss to you. See the immediately following risk factor
for information about additional factors that will impact any secondary market prices of the Trigger PLUS.

The Trigger PLUS are not designed to be short-term trading instruments. Accordingly, you should be able and willing to hold your Trigger PLUS to maturity. See "— Risks Relating to the Trigger PLUS Generally — Secondary trading may be limited" above.

▪ **Secondary market prices of the Trigger PLUS will be impacted by many economic and market factors.** The secondary market price of the Trigger PLUS 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, structuring fee, projected
hedging profits, if any, estimated hedging costs and the closing price of one ETF Share, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o any actual or potential change in our or JPMorgan Chase & Co.'s creditworthiness or credit spreads;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o customary bid-ask spreads for similarly sized trades;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o our internal secondary market funding rates for structured debt issuances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o the actual and expected volatility of the ETF Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o the time to maturity of the Trigger PLUS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o the dividend rates on the ETF Shares and the equity securities underlying the ETF Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o interest and yield rates in the market generally;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o the occurrence of certain events to the ETF Shares that may or may not require an adjustment to the share adjustment factor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o a variety of other economic, financial, political, regulatory and judicial events.

Additionally, independent pricing vendors and/or third party broker-dealers may publish a price for the Trigger PLUS, which may also be reflected on customer account statements. This price may be different (higher or lower) than the price of the Trigger PLUS, if any, at which JPMS may be willing to purchase your Trigger PLUS in the secondary market.

Risks Relating to the ETF Shares

▪ **JPMorgan Chase & Co. is currently one of the companies that make up the Invesco S&P 500** **<sup>®</sup> Equal Weight ETF.** JPMorgan Chase & Co. is currently one of the companies that make up the
Invesco S&P 500<sup>®</sup> Equal Weight ETF. JPMorgan Chase & Co. will not have any obligation to consider your
interests as a holder of the Trigger PLUS in taking any corporate action that might affect the value of the ETF Shares or the Trigger
PLUS.

▪ **Investing in the Trigger PLUS is not equivalent to investing in the ETF Shares.** Investing in the Trigger PLUS is not equivalent to investing in the ETF Shares, the index tracked by the ETF Shares,
which

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**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

we refer to as the underlying index, or the stocks underlying the ETF Shares or the underlying index. Investors in the Trigger PLUS will not have voting rights or rights to receive dividends or other distributions or any other rights with respect to the ETF Shares, the underlying index or the stocks underlying the ETF Shares or the underlying index.

▪ **Adjustments to the ETF Shares or the underlying index could adversely affect the value of the Trigger PLUS.** Those responsible for calculating and maintaining the ETF Shares
and the underlying index, can add, delete or substitute the components of the ETF Shares or the underlying index, or make other methodological
changes that could change the value of the ETF Shares or the underlying index. Any of these actions could adversely affect the price of
the ETF Shares and, consequently, the value of the Trigger PLUS.

▪ **There are risks associated with the ETF Shares.** Although
the ETF Shares are listed for trading on a securities exchange and a number of similar products have been traded on various securities
exchanges for varying periods of time, there is no assurance that an active trading market will continue for the ETF Shares or that there
will be liquidity in the trading market. The ETF Shares are subject to management risk, which is the risk that the investment strategy
of the investment adviser to the ETF Shares, the implementation of which is subject to a number of constraints, may not produce the intended
results. These constraints could adversely affect the market price of the ETF Shares and, consequently, the value of the Trigger PLUS.

▪ **The performance** **and market value of the ETF Shares, particularly during periods of market volatility, may not correlate with the performance of the underlying index as well as the net asset value per ETF Share.** The Invesco S&P
500<sup>®</sup> Equal Weight ETF does not fully replicate the underlying index and may hold securities different from those included
in the underlying index. In addition, the performance of the ETF Shares will reflect additional transaction costs and fees that are not
included in the calculation of the underlying index. All of these factors may lead to a lack of correlation between the performance of
the ETF Shares and the underlying index. In addition, corporate actions with respect to the equity securities underlying the ETF Shares
(such as mergers and spin-offs) may impact the variance between the performances of the ETF Shares and the underlying index. Finally,
because the ETF Shares are traded on a securities exchange and are subject to market supply and investor demand, the market value of one
ETF Share may differ from the net asset value per ETF Share.

▪ During periods of market volatility, securities underlying the ETF Shares may
be unavailable in the secondary market, market participants may be unable to calculate accurately the net asset value per ETF Share and
the liquidity of the ETF Shares may be adversely affected. This kind of market volatility may also disrupt the ability of market participants
to create and redeem ETF Shares. Further, market volatility may adversely affect, sometimes materially, the prices at which market participants
are willing to buy and sell ETF Shares. As a result, under these circumstances, the market value of ETF Shares may vary substantially
from the net asset value per ETF Share. For all of the foregoing reasons, the performance of the ETF Shares may not correlate with the
performance of the underlying index as well as the net asset value per ETF Share, which could materially and adversely affect the value
of the Trigger PLUS in the secondary market and/or reduce any payment on the Trigger PLUS.

▪ **Governmental legislative and regulatory actions, including sanctions, could adversely affect your investment in the Trigger PLUS.** Governmental
legislative and regulatory actions, including, without limitation, sanctions-related actions by the U.S. or a foreign government, could
prohibit or otherwise restrict persons from holding the Trigger PLUS or the ETF Shares, or engaging in transactions in them, and any such
action could adversely affect the value of the Trigger PLUS or the ETF Shares. These legislative and regulatory actions could result
in restrictions on the Trigger PLUS. You may lose a significant portion or all of your initial investment in the Trigger PLUS if
you are forced to divest the Trigger PLUS due to the government mandates, especially if such divestment must be made at a time when the
value of the Trigger PLUS has declined.

▪ **The** **anti-dilution protection for the ETF Shares is limited.** The calculation
agent will make adjustments to the share adjustment factor for certain events affecting the ETF Shares. However, the calculation
agent

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**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

will not make an adjustment in response to all events that could affect the ETF Shares. If an event occurs that does not require the calculation agent to make an adjustment, the value of the Trigger PLUS may be materially and adversely affected.

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**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

▪ Invesco S&P 500<sup>®</sup> Equal
Weight ETF Overview

The Invesco S&P 500<sup>®</sup> Equal Weight ETF is an exchange-traded fund of the Invesco Exchange-Traded Fund Trust, a registered investment company, that seeks to track investment results (before fees and expenses) of the S&P 500<sup>®</sup> Equal Weight Index, which we refer to as the underlying index with respect to the Invesco S&P 500<sup>®</sup> Equal Weight ETF. Information provided to or filed with the SEC by the Invesco Exchange-Traded Fund Trust pursuant to the Securities Act of 1933 and the Investment Company Act of 1940 can be located by reference to the SEC file numbers 333-102228 and 811-21265, respectively, through the SEC's website at http://www.sec.gov. For additional information about the Invesco S&P 500<sup>®</sup> Equal Weight ETF, see "Fund Descriptions — The Invesco S&P 500<sup>®</sup> Equal Weight ETF" in the accompanying underlying supplement.

Information as of market close on April 9, 2026:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Bloomberg Ticker Symbol:** | &nbsp;&nbsp;RSP | &nbsp;&nbsp;**52 Week High (on 2/27/2026):** | &nbsp;&nbsp;$204.97 |
| &nbsp;&nbsp;**Current Closing Price:** | &nbsp;&nbsp;$198.08 | &nbsp;&nbsp;**52 Week Low (on 4/21/2025):** | &nbsp;&nbsp;$159.39 |
| &nbsp;&nbsp;**52 Weeks Ago (on 4/9/2025):** | &nbsp;&nbsp;$165.16 |  |  |

---

The following table sets forth the published high and low closing prices, as well as end-of-quarter closing prices, of one ETF Share for each quarter in the period from January 1, 2021 through April 9, 2026. The closing price of one ETF Share on April 9, 2026 was $198.08. The associated graph following the table shows the closing prices of one ETF Share for each day in the same period. We obtained the closing price information above and in the table and graph below from the Bloomberg Professional<sup>®</sup> service ("Bloomberg"), without independent verification. The closing prices may have been adjusted by Bloomberg for actions taken relating to the ETF Shares, such as stock splits. The historical closing prices of one ETF Share should not be taken as an indication of future performance, and no assurance can be given as to the closing price of one ETF Share on the valuation date.

---

| | | | |
|:---|:---|:---|:---|
| **Invesco S&P 500<sup>®</sup> Equal Weight ETF** | **High** | **Low** | **Period End** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$142.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$125.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$141.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$152.26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$143.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$150.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$157.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$146.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$149.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$163.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$150.88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$162.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$164.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$148.26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$157.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$158.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$130.84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$134.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$152.39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$127.28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$127.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$149.03 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$128.02 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$141.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$154.96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$137.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$144.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$149.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$139.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$149.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$155.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$141.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$141.69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$158.41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$133.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$157.80 |

---

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**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

---

| | | | |
|:---|:---|:---|:---|
| **Invesco S&P 500<sup>®</sup> Equal Weight ETF** | **High** | **Low** | **Period End** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2024** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$169.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$153.84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$169.37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$168.37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$159.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$164.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$179.16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$162.83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$179.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$187.62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$174.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$175.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2025** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$182.84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$169.43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$173.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$181.74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$152.93 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$181.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$190.33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$181.56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$189.70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$194.73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$182.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$191.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2026** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$204.97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$188.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$191.92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter (through April 9, 2026) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$198.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$192.54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$198.08 |

---

---

| |
|:---|
| &nbsp;&nbsp; **Invesco S&P 500<sup>®</sup> Equal Weight ETF Historical Performance – Daily Closing Prices\***<br> **January 4, 2021 to April 9, 2026** |
| ![](image_002.jpg) |
| &nbsp;&nbsp;\*The dotted line in the graph indicates the hypothetical trigger level, equal to 90% of the closing price of one ETF Share on April 9, 2026. The actual trigger level will be based on the closing price of one ETF Share on the pricing date. |

---

**This document relates only to the Trigger PLUS offered hereby and does not relate to the ETF Shares. We have derived all disclosures contained in this document regarding the Invesco S&P 500<sup>®</sup> Equal Weight ETF from the publicly available documents described in the first paragraph under this "Invesco S&P 500<sup>®</sup> Equal Weight ETF Overview" section, without independent verification. In connection with the offering of the Trigger PLUS, neither we nor the agent has participated in the preparation of such documents or made any due diligence inquiry with respect to the Invesco S&P 500<sup>®</sup> Equal Weight ETF. Neither we nor the agent makes any representation that such publicly available documents or any other publicly available information regarding the Invesco S&P 500<sup>®</sup> Equal Weight ETF is accurate or complete. Furthermore, we cannot give any assurance that all events occurring prior to the date hereof (including events that would affect the accuracy or completeness of the publicly available documents described in the first paragraph under this "Invesco S&P 500<sup>®</sup> Equal Weight ETF Overview" section) that would affect the trading price of the ETF Shares (and therefore the price of the ETF Shares at the time the Trigger PLUS are priced) have been publicly disclosed. Subsequent disclosure of any such events or the disclosure of or failure to disclose material** 

April 2026 Page 14

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

**future events concerning the Invesco S&P 500<sup>®</sup> Equal Weight ETF could affect the value received at maturity, if any, with respect to the Trigger PLUS and therefore the trading prices of the Trigger PLUS.**

**Neither we nor any of our affiliates makes any representation to you as to the performance of the ETF Shares.**

**The S&P 500<sup>®</sup> Equal Weight Index**. The S&P 500<sup>®</sup> Equal Weight Index is an equal-weighted version of the S&P 500<sup>®</sup> Index. The S&P 500<sup>®</sup> Index consists of stocks of 500 companies selected to provide a performance benchmark for the U.S. equity markets. For additional information about the S&P 500<sup>®</sup> Equal Weight Index, see "Equity Index Descriptions — The S&P Equal Weight Indices" in the accompanying underlying supplement.

April 2026 Page 15

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

Additional Information about the Trigger PLUS

Please read this information in conjunction with the terms on the front cover of this document.

**Additional Provisions:**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Postponement of maturity date:** | &nbsp;&nbsp;If the scheduled maturity date is not a business day, then the maturity date will be the following business day. If the scheduled valuation date is not a trading day or if a market disruption event occurs on that day so that the valuation date is postponed and falls less than three business days prior to the scheduled maturity date, the maturity date of the Trigger PLUS will be postponed to the third business day following the valuation date as postponed. |
| &nbsp;&nbsp;**Minimum ticketing size:** | &nbsp;&nbsp;$1,000 / 1 Trigger PLUS |
| &nbsp;&nbsp;**Trustee:** | &nbsp;&nbsp;Deutsche Bank Trust Company Americas (formerly Bankers Trust Company) |
| &nbsp;&nbsp;**Calculation agent:** | &nbsp;&nbsp;JPMS |
| &nbsp;&nbsp;**The estimated value of the Trigger PLUS:** | &nbsp;&nbsp; The estimated value of the Trigger PLUS set forth on the cover of this document 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 Trigger PLUS, valued using the internal funding rate described below, and (2) the derivative or derivatives underlying the economic terms of the Trigger PLUS. The estimated value of the Trigger PLUS does not represent a minimum price at which JPMS would be willing to buy your Trigger PLUS in any secondary market (if any exists) at any time. The internal funding rate used in the determination of the estimated value of the Trigger PLUS 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 Trigger PLUS as well as the higher issuance, operational and ongoing liability management costs of the Trigger PLUS 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 Trigger PLUS. The use of an internal funding rate and any potential changes to that rate may have an adverse effect on the terms of the Trigger PLUS and any secondary market prices of the Trigger PLUS. For additional information, see "Risk Factors — Risks Relating to the Estimated Value and Secondary Market Prices of the Trigger PLUS — The estimated value of the Trigger PLUS is derived by reference to an internal funding rate" in this document. The value of the derivative or derivatives underlying the economic terms of the Trigger PLUS 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, dividend rates, interest rates and other factors, as well as assumptions about future market events and/or environments. Accordingly, the estimated value of the Trigger PLUS on the pricing date is based on market conditions and other relevant factors and assumptions existing at that time. See "Risk Factors — Risks Relating to the Estimated Value and Secondary Market Prices of the Trigger PLUS — The estimated value of the Trigger PLUS does not represent future values of the Trigger PLUS and may differ from others' estimates" in this document.<br> The estimated value of the Trigger PLUS will be lower than the original issue price of the Trigger PLUS because costs associated with selling, structuring and hedging the Trigger PLUS are included in the original issue price of the Trigger PLUS. These costs include the selling commissions paid to JPMS and other affiliated or unaffiliated dealers, the structuring fee, the projected profits, if any, that our affiliates expect to realize for assuming risks inherent in hedging our obligations under the Trigger PLUS and the estimated cost of hedging our obligations under the Trigger PLUS. 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 Trigger PLUS 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 "Risk Factors — Risks Relating to the Estimated Value and Secondary Market Prices of the Trigger PLUS — The estimated value of the Trigger PLUS will be lower than the original issue price (price to public) of the Trigger PLUS" in this document. |
| &nbsp;&nbsp;**Secondary market prices of the Trigger PLUS:** | &nbsp;&nbsp;For information about factors that will impact any secondary market prices of the Trigger PLUS, see "Risk Factors — Risks Relating to the Estimated Value and Secondary Market Prices of the Trigger PLUS — Secondary market prices of the Trigger PLUS will be impacted by many economic and market factors" in this document. In addition, we generally expect that some of the costs included in the original issue price of the Trigger PLUS will be partially paid back to you in connection with any repurchases of your Trigger PLUS by JPMS in an amount that will decline to zero over an initial predetermined period that is intended to be the shorter of |

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April 2026 Page 16

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

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|  | &nbsp;&nbsp;two years and one-half of the stated term of the Trigger PLUS. The length of any such initial period reflects the structure of the Trigger PLUS, whether our affiliates expect to earn a profit in connection with our hedging activities, the estimated costs of hedging the Trigger PLUS and when these costs are incurred, as determined by our affiliates. See "Risk Factors — Risks Relating to the Estimated Value and Secondary Market Prices of the Trigger PLUS — The value of the Trigger PLUS as published by JPMS (and which may be reflected on customer account statements) may be higher than the then-current estimated value of the Trigger PLUS for a limited time period." |
| &nbsp;&nbsp;**Tax considerations:** | &nbsp;&nbsp; You should review carefully the section entitled "Material U.S. Federal Income Tax Consequences" in the accompanying product supplement no. 4-I. 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 the Trigger PLUS.<br> Based on current market conditions, in the opinion of our special tax counsel, it is reasonable to treat your Trigger PLUS as "open transactions" that are not debt instruments for U.S. federal income tax purposes, as more fully described in "Material U.S. Federal Income Tax Consequences — Tax Consequences to U.S. Holders — Notes Treated as Open Transactions That Are Not Debt Instruments" in the accompanying product supplement. Assuming this treatment is respected, subject to the possible application of the "constructive ownership" rules, the gain or loss on your Trigger PLUS should be treated as long-term capital gain or loss if you hold your Trigger PLUS for more than a year, whether or not you are an initial purchaser of the Trigger PLUS at the issue price. The Trigger PLUS could be treated as "constructive ownership transactions" within the meaning of Section 1260 of the Code, in which case any gain recognized in respect of the Trigger PLUS that would otherwise be long-term capital gain and that was in excess of the "net underlying long-term capital gain" (as defined in Section 1260) would be treated as ordinary income, and a notional interest charge would apply as if that income had accrued for tax purposes at a constant yield over your holding period for the Trigger PLUS. Our special tax counsel has not expressed an opinion with respect to whether the constructive ownership rules apply to the Trigger PLUS. Accordingly, U.S. Holders should consult their tax advisers regarding the potential application of the constructive ownership rules.<br> The IRS or a court may not respect the treatment of the Trigger PLUS described above, in which case the timing and character of any income or loss on your Trigger PLUS 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 described above. 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 Trigger PLUS, possibly with retroactive effect. You should consult your tax adviser regarding the U.S. federal income tax consequences of an investment in the Trigger PLUS, including the potential application of the constructive ownership rules, possible alternative treatments and the issues presented by this notice.<br> Section 871(m) of the Code and Treasury regulations promulgated thereunder ("Section 871(m)") generally impose a 30% withholding tax (unless an income tax treaty applies) on dividend equivalents paid or deemed paid to Non-U.S. Holders with respect to certain financial instruments linked to U.S. equities or indices that include U.S. equities. Section 871(m) provides certain exceptions to this withholding regime, including for instruments linked to certain broad-based indices that meet requirements set forth in the applicable Treasury regulations. Additionally, a recent IRS notice excludes from the scope of Section 871(m) instruments issued prior to January 1, 2027 that do not have a delta of one with respect to underlying securities that could pay U.S.-source dividends for U.S. federal income tax purposes (each an "Underlying Security"). Based on certain determinations made by us, we expect that Section 871(m) will not apply to the Trigger PLUS with regard to Non-U.S. Holders. Our determination is not binding on the IRS, and the IRS may disagree with this determination. Section 871(m) is complex and its application may depend on your particular circumstances, including whether you enter into other transactions with respect to an Underlying Security. If necessary, further information regarding the potential application of Section 871(m) will be provided in the pricing supplement for the Trigger PLUS. You should consult your tax adviser regarding the potential application of Section 871(m) to the Trigger PLUS. |
| &nbsp;&nbsp;**Supplemental use of proceeds** | &nbsp;&nbsp; The Trigger PLUS are offered to meet investor demand for products that reflect the risk-return profile and market exposure provided by the Trigger PLUS. See "How the Trigger PLUS Work"<br>|

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April 2026 Page 17

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500<sup>®</sup> Equal Weight ETF due May 4, 2028

**Trigger Performance Leveraged Upside Securities<sup>SM</sup>**

**Principal at Risk Securities**

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| &nbsp;&nbsp;**and hedging:** | &nbsp;&nbsp; in this document for an illustration of the risk-return profile of the Trigger PLUS and "Invesco S&P 500<sup>®</sup> Equal Weight ETF Overview" in this document for a description of the market exposure provided by the Trigger PLUS.<br> The original issue price of the Trigger PLUS is equal to the estimated value of the Trigger PLUS plus the selling commissions paid to JPMS and other affiliated or unaffiliated dealers and the structuring fee, plus (minus) the projected profits (losses) that our affiliates expect to realize for assuming risks inherent in hedging our obligations under the Trigger PLUS, plus the estimated cost of hedging our obligations under the Trigger PLUS. |
| &nbsp;&nbsp;**Benefit plan investor considerations:** | &nbsp;&nbsp;See "Benefit Plan Investor Considerations" in the accompanying product supplement. |
| &nbsp;&nbsp;**Supplemental plan of distribution:** | &nbsp;&nbsp; Subject to regulatory constraints, JPMS intends to use its reasonable efforts to offer to purchase the Trigger PLUS in the secondary market, but is not required to do so. JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to Morgan Stanley Wealth Management. In addition, Morgan Stanley Wealth Management will receive a structuring fee as set forth on the cover of this document for each Trigger PLUS.<br> We or our affiliate may enter into swap agreements or related hedge transactions with one of our other affiliates or unaffiliated counterparties in connection with the sale of the Trigger PLUS and JPMS and/or an affiliate may earn additional income as a result of payments pursuant to the swap or related hedge transactions. See "— Supplemental use of proceeds and hedging" above and "Use of Proceeds and Hedging" in the accompanying product supplement. |
| &nbsp;&nbsp;**Where you can find more information:** | &nbsp;&nbsp; You may revoke your offer to purchase the Trigger PLUS at any time prior to the time at which we accept such offer by notifying the applicable agent. We reserve the right to change the terms of, or reject any offer to purchase, the Trigger PLUS prior to their issuance. In the event of any changes to the terms of the Trigger PLUS, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes in which case we may reject your offer to purchase.<br> You should read this document together with the accompanying prospectus, as supplemented by the accompanying prospectus supplement relating to our Series A medium-term notes of which these Trigger PLUS are a part, the accompanying prospectus addendum and the more detailed information contained in the accompanying product supplement and the accompanying underlying supplement.<br> This document, together with the documents listed below, contains the terms of the Trigger PLUS 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, stand-alone 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 and in Annex A to the accompanying prospectus addendum, as the Trigger PLUS 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 Trigger PLUS.<br> 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):<br> **• Product supplement no. 4-I dated April 13, 2023:** <br> <u>[http://www.sec.gov/Archives/edgar/data/19617/000121390023029539/ea152803_424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000121390023029539/ea152803_424b2.pdf)</u><br> **• Underlying supplement no. 1-I dated April 13, 2023:**<br> <u>[http://www.sec.gov/Archives/edgar/data/19617/000121390023029543/ea151873_424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000121390023029543/ea151873_424b2.pdf)</u><br> **• Prospectus supplement and prospectus, each dated April 13, 2023:** <br> [http://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf)<br> **• Prospectus addendum dated June 3, 2024:** <br> [http://www.sec.gov/Archives/edgar/data/1665650/000095010324007599/dp211753_424b3.htm](http://www.sec.gov/Archives/edgar/data/1665650/000095010324007599/dp211753_424b3.htm)<br> Our Central Index Key, or CIK, on the SEC website is 1665650, and JPMorgan Chase & Co.'s CIK is 19617.<br> As used in this document, "we," "us," and "our" refer to JPMorgan Financial.<br> "Performance Leveraged Upside Securities<sup>SM</sup>" and "PLUS<sup>SM</sup>" are service marks of Morgan Stanley. |

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