# EDGAR Filing Document

**Accession Number:** 0001665650
**File Stem:** 0001213900-26-041673
**Filing Date:** 2026-4
**Character Count:** 17812
**Document Hash:** 41e6e45bb27510b5b781b13918784232
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-041673.hdr.sgml**: 20260409

**ACCESSION NUMBER**: 0001213900-26-041673

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260409

**DATE AS OF CHANGE**: 20260408

**SUBJECT COMPANY**: 

**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:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-270004-01
- **FILM NUMBER:** 26849617

**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
**FILED BY**: 

**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:** FWP

**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

**JPMorgan Chase Financial Company LLC**

Free Writing Prospectus Filed Pursuant to Rule 433

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

Dated April 8, 2026

2-Year XLY/XLI/XLF Contingent Income Auto-Callable Securities

***This document provides a summary of the terms of the securities. Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement, underlying supplement, prospectus supplement, prospectus and prospectus addendum and the "Risk Considerations" on the following page, prior to making an investment decision.***

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**SUMMARY TERMS** | &nbsp;&nbsp;**SUMMARY TERMS** | &nbsp;&nbsp;**SUMMARY TERMS** |
| &nbsp;&nbsp;**Issuer:** | &nbsp;&nbsp;JPMorgan Chase Financial Company LLC ("JPMorgan Financial") | &nbsp;&nbsp;JPMorgan Chase Financial Company LLC ("JPMorgan Financial") |
| &nbsp;&nbsp;**Guarantor:** | &nbsp;&nbsp;JPMorgan Chase & Co. | &nbsp;&nbsp;JPMorgan Chase & Co. |
| &nbsp;&nbsp;**ETF Shares:** | &nbsp;&nbsp;Shares of the State Street<sup>®</sup> Consumer Discretionary Select Sector SPDR<sup>®</sup> ETF (Bloomberg ticker: XLY UP Equity) (the "XLY ETF"), shares of the State Street<sup>®</sup> Industrial Select Sector SPDR<sup>®</sup> ETF (Bloomberg ticker: XLI UP Equity) (the "XLI ETF") and shares of the State Street<sup>®</sup> Financial Select Sector SPDR<sup>®</sup> ETF (Bloomberg ticker: XLF UP Equity) (the "XLF ETF"). We refer to each of the XLY ETF, the XLI ETF and the XLF ETF as an 'ETF." | &nbsp;&nbsp;Shares of the State Street<sup>®</sup> Consumer Discretionary Select Sector SPDR<sup>®</sup> ETF (Bloomberg ticker: XLY UP Equity) (the "XLY ETF"), shares of the State Street<sup>®</sup> Industrial Select Sector SPDR<sup>®</sup> ETF (Bloomberg ticker: XLI UP Equity) (the "XLI ETF") and shares of the State Street<sup>®</sup> Financial Select Sector SPDR<sup>®</sup> ETF (Bloomberg ticker: XLF UP Equity) (the "XLF ETF"). We refer to each of the XLY ETF, the XLI ETF and the XLF ETF as an 'ETF." |
| &nbsp;&nbsp;**Early redemption:** | &nbsp;&nbsp; If, on any of the determination dates (other than the final determination date), the closing price of each ETF Share is greater than or equal to its initial share price, the securities will be automatically redeemed for an early redemption payment on the first contingent payment date immediately following the related determination date. No further payments will be made on the securities once they have been redeemed.<br> **The securities will not be redeemed early on any contingent payment date if the closing price of any ETF Share is below its initial share price on the related determination date.** | &nbsp;&nbsp; If, on any of the determination dates (other than the final determination date), the closing price of each ETF Share is greater than or equal to its initial share price, the securities will be automatically redeemed for an early redemption payment on the first contingent payment date immediately following the related determination date. No further payments will be made on the securities once they have been redeemed.<br> **The securities will not be redeemed early on any contingent payment date if the closing price of any ETF Share is below its initial share price on the related determination date.** |
| &nbsp;&nbsp;**Early redemption payment:** | &nbsp;&nbsp;The early redemption payment will be an amount equal to (i) the stated principal amount *plus* (ii) the contingent quarterly payment with respect to the related determination date. | &nbsp;&nbsp;The early redemption payment will be an amount equal to (i) the stated principal amount *plus* (ii) the contingent quarterly payment with respect to the related determination date. |
| &nbsp;&nbsp;**Contingent quarterly payment:** | &nbsp;&nbsp; · If, on any determination date, the closing price of each ETF Share is greater than or equal to its downside threshold level, we will pay a contingent quarterly payment of at least $26.25 (at least 2.625% of the stated principal amount) per security on the related contingent payment date. The actual contingent quarterly payment will be provided in the pricing supplement.<br> · If, on any determination date, the closing price of any ETF Share is less than its downside threshold level, no contingent quarterly payment will be payable with respect to that determination date. It is possible that the closing price of one or more of the ETF Shares will be below their respective downside threshold levels on most or all of the determination dates so that you will receive few or no contingent quarterly payments. | &nbsp;&nbsp; · If, on any determination date, the closing price of each ETF Share is greater than or equal to its downside threshold level, we will pay a contingent quarterly payment of at least $26.25 (at least 2.625% of the stated principal amount) per security on the related contingent payment date. The actual contingent quarterly payment will be provided in the pricing supplement.<br> · If, on any determination date, the closing price of any ETF Share is less than its downside threshold level, no contingent quarterly payment will be payable with respect to that determination date. It is possible that the closing price of one or more of the ETF Shares will be below their respective downside threshold levels on most or all of the determination dates so that you will receive few or no contingent quarterly payments. |
| &nbsp;&nbsp;**Payment at maturity:** | &nbsp;&nbsp;&nbsp;&nbsp;· If the final share price of **each** ETF Share is **greater than or equal to** its downside threshold level: | &nbsp;&nbsp;(i) the stated principal amount *plus* <br> (ii) the contingent quarterly payment with respect to the final determination date |
|  | &nbsp;&nbsp;&nbsp;&nbsp;· If the final share price of **any** ETF Share is **less than** its downside threshold level: | &nbsp;&nbsp;(i) the stated principal amount *times* (ii) the share performance factor of the worst performing ETF Share. This cash payment will be less than 65% of the stated principal amount of the securities and could be zero. |
| &nbsp;&nbsp;**Downside threshold level:** | &nbsp;&nbsp;With respect to each ETF Share, 65% of its initial share price | &nbsp;&nbsp;With respect to each ETF Share, 65% of its initial share price |
| &nbsp;&nbsp;**Initial share price:** | &nbsp;&nbsp;With respect to each ETF Share, its closing price on the pricing date | &nbsp;&nbsp;With respect to each ETF Share, its closing price on the pricing date |
| &nbsp;&nbsp;**Final share price:** | &nbsp;&nbsp;With respect to each ETF Share, its closing price on the final determination date | &nbsp;&nbsp;With respect to each ETF Share, its closing price on the final determination date |
| &nbsp;&nbsp;**Worst performing ETF Share:** | &nbsp;&nbsp;The ETF Share with the worst share performance factor | &nbsp;&nbsp;The ETF Share with the worst share performance factor |

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| | |
|:---|:---|
| &nbsp;&nbsp;**Share performance factor:** | &nbsp;&nbsp;With respect to each ETF Share, its final share price *divided by* its initial share price |
| &nbsp;&nbsp;**Share adjustment factor:** | &nbsp;&nbsp;The share adjustment factor of each ETF Share is referenced in determining the closing price of that ETF Share and is set initially at 1.0 on the pricing date. With respect to each ETF Share, the share adjustment factor is subject to adjustment in the event of certain events affecting that ETF Share. See "The Underlyings — Funds — Anti-Dilution Adjustments" in the accompanying product supplement. |
| &nbsp;&nbsp;**Stated principal amount:** | &nbsp;&nbsp;$1,000 per security |
| &nbsp;&nbsp;**Issue price:** | &nbsp;&nbsp;$1,000 per security |
| &nbsp;&nbsp;**Pricing date:** | &nbsp;&nbsp;Expected to be April 10, 2026 |
| &nbsp;&nbsp;**Original issue date (settlement date):** | &nbsp;&nbsp;3 business days after the pricing date |
| &nbsp;&nbsp;**Determination dates<sup>†</sup>:** | &nbsp;&nbsp;July 10, 2026, October 12, 2026, January 11, 2027, April 12, 2027, July 12, 2027, October 11, 2027, January 10, 2028 and April 10, 2028 |
| &nbsp;&nbsp;**Contingent payment dates<sup>†</sup>:** | &nbsp;&nbsp;July 15, 2026, October 15, 2026, January 14, 2027, April 15, 2027, July 15, 2027, October 14, 2027, January 13, 2028 and the maturity date |
| &nbsp;&nbsp;**Maturity date<sup>†</sup>:** | &nbsp;&nbsp;April 13, 2028 |
| &nbsp;&nbsp;**CUSIP / ISIN:** | &nbsp;&nbsp;46660RXG4 / US46660RXG46 |
| &nbsp;&nbsp;**Preliminary pricing supplement:** | &nbsp;&nbsp;[http://www.sec.gov/Archives/edgar/data/19617/000121390026041588/<br> ea0285648-01_424b2.htm](http://www.sec.gov/Archives/edgar/data/19617/000121390026041588/ea0285648-01_424b2.htm) |

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<sup>†</sup>Subject to postponement

The estimated value of the securities 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 security. For information about the estimated value of the securities, which likely will be lower than the price you paid for the securities, please see the hyperlink above.

Any payment on the securities is subject to the credit risk of JPMorgan Financial, as issuer of the securities, and the credit risk of JPMorgan Chase & Co., as guarantor of the securities.

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| | |
|:---|:---|
| &nbsp;&nbsp; **Hypothetical Payout at Maturity** | &nbsp;&nbsp; **Hypothetical Payout at Maturity** |
| &nbsp;&nbsp;**Change in Worst Performing ETF Share** | &nbsp;&nbsp;**Payment at Maturity (excluding any<br> contingent quarterly payment payable at maturity)** |
| &nbsp;&nbsp;50.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;40.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;30.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;20.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;10.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;5.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;0.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;-10.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;-20.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;-30.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;-35.00% | &nbsp;&nbsp;$1000.00 |
| &nbsp;&nbsp;-35.01% | &nbsp;&nbsp;$649.90 |
| &nbsp;&nbsp;-40.00% | &nbsp;&nbsp;$600.00 |
| &nbsp;&nbsp;-50.00% | &nbsp;&nbsp;$500.00 |
| &nbsp;&nbsp;-60.00% | &nbsp;&nbsp;$400.00 |
| &nbsp;&nbsp;-80.00% | &nbsp;&nbsp;$200.00 |
| &nbsp;&nbsp;-100.00% | &nbsp;&nbsp;$0.00 |

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ETF Share

For more information about the ETF Shares, including historical performance information, see the accompanying preliminary pricing supplement.

Risk Considerations

The risks identified below are not exhaustive. Please see "Risk Factors" in the accompanying prospectus supplement, product supplement and preliminary pricing supplement and Annex A to the accompanying prospectus addendum for additional information.

Risks Relating to the Securities Generally

▪ The securities do not guarantee the return of any principal and your investment in the securities may
result in a loss.

▪ You will not receive any contingent quarterly payment for any quarterly period if the closing price of
any ETF Share on the relevant determination date is less than its downside threshold level.

▪ The contingent quarterly payment is based solely on the closing prices of the ETF Shares on the specified
determination dates.

▪ You are exposed to the price risk of all three ETF Shares, with respect to all the contingent quarterly
payments, if any, and the payment at maturity, if any.

▪ Because the securities are linked to the performance of the worst performing ETF Share, you are exposed
to greater risks of no contingent quarterly payments and sustaining a significant loss on your investment than if the securities were
linked to just one ETF Share.

▪ The securities 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 securities.

▪ As a finance subsidiary, JPMorgan Financial has no independent operations and has limited assets.

▪ Investors will not participate in any appreciation of any ETF Share.

▪ Early redemption risk.

▪ Secondary trading may be limited.

▪ The final terms and estimated valuation of the securities will be provided in the pricing supplement.

▪ The U.S. federal income tax consequences of an investment in the securities are uncertain.

Risks Relating to Conflicts of Interest

▪ Economic interests of the issuer, the guarantor, the calculation agent, the agent of the offering of
the securities and other affiliates of the issuer may be different from those of investors.

▪ Hedging and trading activities by the issuer and its affiliates could potentially affect the value of
the securities.

Risks Relating to the Estimated Value and Secondary Market Prices of the Securities

▪ The estimated value of the securities will be lower than the original issue price (price to public) of
the securities .

▪ The estimated value of the securities
does not represent future values of the securities and may differ from others' estimates .

▪ The estimated value of the securities
is derived by reference to an internal funding rate.

▪ The value of the securities as published
by J.P. Morgan Securities LLC (and which may be reflected on customer account statements) may be higher than the then-current estimated
value of the securities for a limited time period.

▪ Secondary market prices of the securities will likely be lower than the original issue price of the securities .

▪ Secondary market prices of the securities
will be impacted by many economic and market factors.

Risks Relating to the ETF Shares

▪ JPMorgan Chase & Co. is currently one of the companies that make up the XLF ETF.

▪ Investing in the securities is not equivalent to investing in any ETF Shares.

▪ Adjustments to any ETF Shares could adversely affect the value of the securities.

▪ There are risks associated with the ETF Shares.

▪ The performance and market value of each ETF Share, particularly during periods of market volatility,
may not correlate with the performance of that ETF's underlying index as well as the net asset value per applicable ETF Share.

▪ The securities are subject to risks associated with the consumer discretionary sector with respect to
the XLY ETF

▪ The securities are subject to risks associated with the industrials sector with respect to the XLI ETF.

▪ The securities are subject to risks associated with the financial sector with respect to the XLF ETF.

▪ Governmental legislative and regulatory actions, including sanctions, could adversely affect your investment
in the securities.

▪ The anti-dilution protection for the ETF Shares is limited.

Tax Considerations

You should review carefully the discussion in the accompanying preliminary pricing supplement under "Additional Information about the Securities — Tax considerations" concerning the U.S. federal income tax consequences of an investment in the securities, and you should consult your tax adviser.

SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and this offering. You may get these documents without cost by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., any agent or any dealer participating in the this offering will arrange to send you the prospectus and each prospectus supplement as well as any product supplement, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248.