# EDGAR Filing Document

**Accession Number:** 0001665650
**File Stem:** 0001213900-25-093478
**Filing Date:** 2025-9
**Character Count:** 14165
**Document Hash:** 08b815ff61fcc0ebc7f960381dd599ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-093478.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001213900-25-093478

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**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:** 251358461

**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

---

| | |
|:---|:---|
| &nbsp;&nbsp; **JPMorgan Chase Financial Company LLC**<br> ***Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.***<br> **Market Linked Securities** | &nbsp;&nbsp; Filed Pursuant to Rule 433<br> Registration Statement Nos. 333-270004 and 333-270004-01 |
| &nbsp;&nbsp; **JPMorgan Chase Financial Company LLC**<br> ***Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.***<br> **Market Linked Securities** | &nbsp;&nbsp; <br> ![Kwan's HD:Users:design:Documents:Kwan:JPM logos:J.P. Morgan Logos:Logo_2008_JPM_allSizes_RGB:PNG:Logo2008_JPM_C_RGB.png](image_001.jpg) |

---

&nbsp;&nbsp; Market Linked Securities — Auto-Callable with Fixed Percentage Buffered Downside<br> Principal at Risk Securities Linked to the iShares<sup>®</sup> Bitcoin Trust ETF due October 18, 2029<br> Fact Sheet dated September 29, 2025 to Preliminary Pricing Supplement dated September 29, 2025<br>

Summary of Terms

---

| | |
|:---|:---|
| &nbsp;&nbsp;Issuer: | &nbsp;&nbsp;JPMorgan Chase Financial Company LLC |
| &nbsp;&nbsp;Guarantor: | &nbsp;&nbsp;JPMorgan Chase & Co. |
| &nbsp;&nbsp;Fund: | &nbsp;&nbsp;iShares<sup>®</sup> Bitcoin Trust ETF (Bloomberg ticker: IBIT) |
| &nbsp;&nbsp;Pricing Date<sup>1</sup>: | &nbsp;&nbsp;October 14, 2025 |
| &nbsp;&nbsp;Issue Date<sup>1</sup>: | &nbsp;&nbsp;October 17, 2025 |
| &nbsp;&nbsp;Stated Maturity Date<sup>1, 2</sup>: | &nbsp;&nbsp;October 18, 2029 |
| &nbsp;&nbsp;Principal Amount: | &nbsp;&nbsp;$1,000 per security (100% of par) |
| &nbsp;&nbsp;Automatic Call: | &nbsp;&nbsp;If the fund closing price of the Fund on any call date is greater than or equal to the threshold price, the securities will be automatically called for the principal amount *plus* the call premium applicable to that call date. See "Call Dates and Call Premiums" on page 2. |
| &nbsp;&nbsp;Call Dates<sup>1, 2</sup> and Call Premiums**<sup>†</sup>**: | &nbsp;&nbsp;The call premium applicable to each call date will be a percentage of the principal amount that increases for each call date based on a simple (non-compounding) return of approximately at least 11.00% per annum. See "Call Dates and Call Premiums" on page 2. |
| &nbsp;&nbsp;Call Settlement Date<sup>1, 2</sup>: | &nbsp;&nbsp;Three business days after the applicable call date, *provided* that the call settlement date for the final call date is the stated maturity date |
| &nbsp;&nbsp;Maturity Payment Amount (per Security): | &nbsp;&nbsp; If the securities are not automatically called:<br> $1,000 + [$1,000 × (fund return + buffer amount)] |
| &nbsp;&nbsp;Starting Price: | &nbsp;&nbsp;The fund closing price of the Fund on the pricing date |
| &nbsp;&nbsp;Ending Price: | &nbsp;&nbsp;The fund closing price of the Fund on the final calculation day |
| &nbsp;&nbsp;Fund Return: | &nbsp;&nbsp;(ending price – starting price) / starting price |
| &nbsp;&nbsp;Buffer Amount: | &nbsp;&nbsp;20% |
| &nbsp;&nbsp;Threshold Price: | &nbsp;&nbsp;80% of the starting price |
| &nbsp;&nbsp;Calculation Agent: | &nbsp;&nbsp;J.P. Morgan Securities LLC ("<u>JPMS</u>") |
| &nbsp;&nbsp;Denominations: | &nbsp;&nbsp;$1,000 and any integral multiple of $1,000 |
| &nbsp;&nbsp;CUSIP: | &nbsp;&nbsp;48136HQV3 |
| &nbsp;&nbsp;Fees and Commissions: | &nbsp;&nbsp;Up to 2.575% for Wells Fargo Securities, LLC ("<u>WFS</u>"); WFS has advised us that dealers, including Wells Fargo Advisors ("<u>WFA</u>"), may receive 2.00% of WFS's fee, and WFA may also receive a distribution expense fee of 0.075%. In addition, with respect of certain securities sold in this offering, JPMS may pay a fee of up to 0.30% to selected dealers in consideration for marketing and other services in connection with the distribution of the securities to other dealers. |
| &nbsp;&nbsp;Tax Considerations: | &nbsp;&nbsp;See the preliminary pricing supplement. |
| &nbsp;&nbsp; <sup>1</sup> Subject to change<br> <sup>2</sup> Subject to postponement or early acceleration | &nbsp;&nbsp; <sup>1</sup> Subject to change<br> <sup>2</sup> Subject to postponement or early acceleration |

---

Hypothetical Payout Profile\*

![](image_002.jpg)

\* Assumes a call premium for each call date equal to the minimum call premium for that call date

**If the securities are not automatically called, you will have 1-to-1 downside exposure to the decrease in the price of the Fund in excess of the buffer amount, and you will lose some, and possibly up to 80%, of the principal amount of your securities at maturity.**

**Any positive return on the securities will be limited to the applicable call premium, even if the fund closing price of the Fund on the applicable call date significantly exceeds the starting price. You will not participate in any appreciation of the Fund beyond the applicable call premium.**

The securities are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to as JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co. **Any payment on the 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.**

If the securities priced on the date of the accompanying preliminary pricing supplement, the estimated value of the securities would be approximately $941.40 per security. The estimated value of the securities, when the terms of the securities are set, will be provided in the pricing supplement and will not be less than $910.00 per security. See "The Estimated Value of the Securities" in the preliminary pricing supplement for additional information.

Preliminary Pricing Supplement: [http://www.sec.gov/Archives/edgar/data/19617/000121390025093166/<br> ea0259290-01_424b2.htm](http://www.sec.gov/Archives/edgar/data/19617/000121390025093166/ea0259290-01_424b2.htm)

**The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See "Risk Factors" in the accompanying prospectus supplement and the accompanying product supplement, Annex A to the accompanying prospectus addendum and "Selected Risk Considerations" in the accompanying preliminary pricing supplement.**

*The securities 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.*

**THIS FACT SHEET DOES NOT PROVIDE ALL OF THE INFORMATION THAT AN INVESTOR SHOULD CONSIDER PRIOR TO MAKING AN INVESTMENT DECISION.** **This fact sheet should be read in conjunction with the accompanying preliminary pricing supplement, prospectus, prospectus supplement, prospectus addendum and product supplement.**

Call Dates and Call Premiums

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Call Date** | &nbsp;&nbsp;**Call Premium<sup>†</sup>** |
| &nbsp;&nbsp;October 19, 2026 | &nbsp;&nbsp;At least 11.00% of the principal amount |
| &nbsp;&nbsp;April 19, 2027 | &nbsp;&nbsp;At least 16.50% of the principal amount |
| &nbsp;&nbsp;October 18, 2027 | &nbsp;&nbsp;At least 22.00% of the principal amount |
| &nbsp;&nbsp;April 17, 2028 | &nbsp;&nbsp;At least 27.50% of the principal amount |
| &nbsp;&nbsp;October 17, 2028 | &nbsp;&nbsp;At least 33.00% of the principal amount |
| &nbsp;&nbsp;April 17, 2029 | &nbsp;&nbsp;At least 38.50% of the principal amount |
| &nbsp;&nbsp;October 15, 2029 (the "final calculation day") | &nbsp;&nbsp;At least 44.00% of the principal amount |

---

**<sup>†</sup>** To be provided in the pricing supplement

Selected Risk Considerations

The risks set forth below are discussed in detail in the "Selected Risk Considerations" section in the accompanying preliminary pricing supplement, the "Risk Factors" sections in the accompanying prospectus supplement and product supplement and Annex A to the accompanying prospectus addendum. Please review the risk disclosure carefully.

&nbsp;&nbsp;&nbsp;&nbsp;· **If the Securities Are Not Automatically Called, You Will Lose Up to 80% of the Principal Amount of Your Securities at Maturity.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Potential Return on the Securities Is Limited to the Call Premium.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **You Will Be Subject to Reinvestment Risk.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **We May Accelerate Your Securities if a Liquidation Event Occurs.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Securities Are Subject to the Credit Risks of JPMorgan Financial and JPMorgan Chase & Co.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **As a Finance Subsidiary, JPMorgan Financial Has No Independent Operations and Has Limited Assets.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Volatility Risk** 

&nbsp;&nbsp;&nbsp;&nbsp;· **No Interest Payments or Rights With Respect to the Fund or Its Underlying Asset.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Lack of Liquidity** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Final Terms and Estimated Valuation of the Securities Will Be Provided in the Pricing Supplement.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The U.S. Federal Tax Consequences of the Securities Are Uncertain, and May Be Adverse to a Holder of the Securities.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Potential Conflicts** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Estimated Value of the Securities Will Be Lower Than the Original Issue Price (Price to Public) of the Securities.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Estimated Value of the Securities Does Not Represent Future Values of the Securities and May Differ from Others' Estimates.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Estimated Value of the Securities Is Derived by Reference to an Internal Funding Rate.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Value of the Securities as Published by JPMS (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.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Secondary Market Prices of the Securities Will Likely Be Lower Than the Original Issue Price of the Securities.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Many Economic and Market Factors Will Impact the Value of the Securities.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Fund Is Not an Investment Company or Commodity Pool and Will Not Be Subject to Regulation Under the Investment Company Act of 1940, As Amended, or the Commodity Exchange Act.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **There Are Risks Associated with the Fund.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Performance and Market Value of the Fund, Particularly During Periods of Market Volatility, May Not Correlate with the Performance of the Fund's Underlying Asset As Well As the Net Asset Value Per Share.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Limited Trading History** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Securities Are Subject to Risks Relating to Bitcoin and the Bitcoin Network.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **The Anti-Dilution Protection Is Limited and May Be Discretionary.** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Any Payment on the Securities Will Depend upon the Performance of the Fund and Therefore the Securities Are Subject to the Risks Associated with the Fund, Each as Discussed in the Accompanying Preliminary Pricing Supplement and Product Supplement.** 

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 this offering will arrange to send you the prospectus and each prospectus supplement as well as any product supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248.

As used in this fact sheet, "we," "us" and "our" refer to JPMorgan Financial Company LLC. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.