# EDGAR Filing Document

**Accession Number:** 0001665650
**File Stem:** 0001213900-26-029174
**Filing Date:** 2026-3
**Character Count:** 100101
**Document Hash:** 72ee11caf255f72b471397be8dba614b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-029174.hdr.sgml**: 20260317

**ACCESSION NUMBER**: 0001213900-26-029174

**CONFORMED SUBMISSION TYPE**: 424B2

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260317

**DATE AS OF CHANGE**: 20260317

**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:** 26763082

**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:** 26763083

**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** | **March 2026** |
|  | Pricing Supplement |
|  | Registration Statement Nos. 333-270004 and 333-270004-01 |
|  | Dated March 13, 2026 |
|  | Filed pursuant to Rule 424(b)(2) |

---

Structured Investments

Opportunities in International Equities

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

**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 basket has **appreciated** in value, investors will receive the stated principal amount of their investment *plus* leveraged upside performance of the basket. If the basket has declined in value but the final basket value 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 basket has **declined** in value so that the final basket value 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 level of the basket over the term of the Trigger PLUS. The Trigger PLUS are for investors who seek exposure to an unequally weighted basket of the five indices specified below and who are willing to risk their principal and forgo current income in exchange for the leverage feature. 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;**FINAL TERMS** | &nbsp;&nbsp;**FINAL TERMS** |
| &nbsp;&nbsp;**Issuer:** | &nbsp;&nbsp;JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. |
| &nbsp;&nbsp;**Guarantor:** | &nbsp;&nbsp;JPMorgan Chase & Co. |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Basket:** | <u>Underlying indices</u> | <u>Bloomberg ticker symbol</u> | <u>Basket weighting</u> |
|  | EURO STOXX 50<sup>®</sup> Index (the "SX5E Index") | SX5E | &nbsp;&nbsp;40.00% |
|  | TOPIX<sup>®</sup> Index (the "TPX Index") | TPX | 25.00% |
|  | FTSE<sup>®</sup> 100 Index (the "UKX Index") | UKX | &nbsp;&nbsp;17.50% |
|  | Swiss Market Index (the "SMI Index") | SMI | &nbsp;&nbsp;10.00% |
|  | S&P/ASX 200 Index (the "AS51 Index") | AS51 | &nbsp;&nbsp;7.50% |

---

&nbsp;&nbsp;We refer to the SX5E Index, the TPX Index, the UKX Index, the SMI Index and the AS51 Index as the underlying indices. Because the SX5E Index makes up 40% of the basket, we expect that generally the market value of your Trigger PLUS and your payment at maturity will depend significantly on the performance of the SX5E Index.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Aggregate principal amount:** | &nbsp;&nbsp;$9681000 | &nbsp;&nbsp;$9681000 | &nbsp;&nbsp;$9681000 |
| &nbsp;&nbsp;**Payment at maturity:** | &nbsp;&nbsp;If the final basket value is *greater than* the initial basket value, for each $1,000 stated principal amount Trigger PLUS: | &nbsp;&nbsp;If the final basket value is *greater than* the initial basket value, for each $1,000 stated principal amount Trigger PLUS: | &nbsp;&nbsp;If the final basket value is *greater than* the initial basket value, for each $1,000 stated principal amount Trigger PLUS: |
|  | &nbsp;&nbsp;$1,000 + leveraged upside payment | &nbsp;&nbsp;$1,000 + leveraged upside payment | &nbsp;&nbsp;$1,000 + leveraged upside payment |
|  | &nbsp;&nbsp;If the final basket value is *less than or equal to* the initial basket value but is *greater than or equal to* the trigger level, for each $1,000 stated principal amount Trigger PLUS: | &nbsp;&nbsp;If the final basket value is *less than or equal to* the initial basket value but is *greater than or equal to* the trigger level, for each $1,000 stated principal amount Trigger PLUS: | &nbsp;&nbsp;If the final basket value is *less than or equal to* the initial basket value but is *greater than or equal to* the trigger level, for each $1,000 stated principal amount Trigger PLUS: |
|  | &nbsp;&nbsp;$1000 | &nbsp;&nbsp;$1000 | &nbsp;&nbsp;$1000 |
|  | &nbsp;&nbsp;If the final basket value is *less than* the trigger level, for each $1,000 stated principal amount Trigger PLUS: | &nbsp;&nbsp;If the final basket value is *less than* the trigger level, for each $1,000 stated principal amount Trigger PLUS: | &nbsp;&nbsp;If the final basket value is *less than* the trigger level, for each $1,000 stated principal amount Trigger PLUS: |
|  | &nbsp;&nbsp;$1,000 × basket performance factor | &nbsp;&nbsp;$1,000 × basket performance factor | &nbsp;&nbsp;$1,000 × basket performance factor |
|  | &nbsp;&nbsp;*This amount will be less than the stated principal amount of $1,000 per Trigger PLUS and will represent a loss of more than 20%, and possibly all, of your investment.* | &nbsp;&nbsp;*This amount will be less than the stated principal amount of $1,000 per Trigger PLUS and will represent a loss of more than 20%, and possibly all, of your investment.* | &nbsp;&nbsp;*This amount will be less than the stated principal amount of $1,000 per Trigger PLUS and will represent a loss of more than 20%, and possibly all, of your investment.* |
| &nbsp;&nbsp;**Leveraged upside payment:** | &nbsp;&nbsp;$1,000 × leverage factor × basket percent increase | &nbsp;&nbsp;$1,000 × leverage factor × basket percent increase | &nbsp;&nbsp;$1,000 × leverage factor × basket percent increase |
| &nbsp;&nbsp;**Basket percent increase:** | &nbsp;&nbsp;(final basket value – initial basket value) / initial basket value | &nbsp;&nbsp;(final basket value – initial basket value) / initial basket value | &nbsp;&nbsp;(final basket value – initial basket value) / initial basket value |
| &nbsp;&nbsp;**Trigger level:** | &nbsp;&nbsp;80, which is 80% of the initial basket value | &nbsp;&nbsp;80, which is 80% of the initial basket value | &nbsp;&nbsp;80, which is 80% of the initial basket value |
| &nbsp;&nbsp;**Leverage factor:** | &nbsp;&nbsp;145.50% | &nbsp;&nbsp;145.50% | &nbsp;&nbsp;145.50% |
| &nbsp;&nbsp;**Basket performance factor:** | &nbsp;&nbsp;final basket value / initial basket value | &nbsp;&nbsp;final basket value / initial basket value | &nbsp;&nbsp;final basket value / initial basket value |
| &nbsp;&nbsp;**Stated principal amount:** | &nbsp;&nbsp;$1,000 per Trigger PLUS | &nbsp;&nbsp;$1,000 per Trigger PLUS | &nbsp;&nbsp;$1,000 per Trigger PLUS |
| &nbsp;&nbsp;**Issue price:** | &nbsp;&nbsp;$1,000 per Trigger PLUS (see "Commissions and issue price" below) | &nbsp;&nbsp;$1,000 per Trigger PLUS (see "Commissions and issue price" below) | &nbsp;&nbsp;$1,000 per Trigger PLUS (see "Commissions and issue price" below) |
| &nbsp;&nbsp;**Pricing date:** | &nbsp;&nbsp;March 13, 2026 | &nbsp;&nbsp;March 13, 2026 | &nbsp;&nbsp;March 13, 2026 |
| &nbsp;&nbsp;**Original issue date (settlement date):** | &nbsp;&nbsp;March 18, 2026 | &nbsp;&nbsp;March 18, 2026 | &nbsp;&nbsp;March 18, 2026 |
| &nbsp;&nbsp;**Valuation date\*:** | &nbsp;&nbsp;March 29, 2029 | &nbsp;&nbsp;March 29, 2029 | &nbsp;&nbsp;March 29, 2029 |
| &nbsp;&nbsp;**Maturity date\*:** | &nbsp;&nbsp;April 5, 2029 | &nbsp;&nbsp;April 5, 2029 | &nbsp;&nbsp;April 5, 2029 |
| &nbsp;&nbsp;**Agent:** | &nbsp;&nbsp;J.P. Morgan Securities LLC ("JPMS") | &nbsp;&nbsp;J.P. Morgan Securities LLC ("JPMS") | &nbsp;&nbsp;J.P. Morgan Securities LLC ("JPMS") |
|  | &nbsp;&nbsp;***Terms continued on the following page*** | &nbsp;&nbsp;***Terms continued on the following page*** | &nbsp;&nbsp;***Terms continued on the following page*** |
| &nbsp;&nbsp;**Commissions and issue price:** | **Price to public<sup>(1)</sup>** | **Fees and commissions** | **Proceeds to issuer** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Per Trigger PLUS** | $1000.00 | &nbsp;&nbsp;$25.00<sup>(2)</sup> | &nbsp;&nbsp;$970.00 |
|  |  | &nbsp;&nbsp;$5.00<sup>(3)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | $9681000.00 | &nbsp;&nbsp;$290430.00 | &nbsp;&nbsp;$9390570.00 |

---

*(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 of $25.00 per $1,000 stated principal amount Trigger PLUS it receives from us to Morgan Stanley Smith Barney LLC ("Morgan Stanley Wealth Management"). 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 Multiple Underlyings" and "General Terms of Notes — Postponement of a Payment Date" in the accompanying product supplement or early acceleration in the event of a change-in-law event as described under "General Terms of Notes — Consequences of a Change-in-Law Event" in the accompanying product supplement and "Risk Factors — Risks Relating to the Trigger PLUS Generally — We may accelerate your Trigger PLUS in our sole discretion and the calculation agent may adjust their final payment in good faith and in a commercially reasonable manner if a change-in-law event occurs" in this document

**The estimated value of the Trigger PLUS on the pricing date was $962.20 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 9 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 Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

---

| | |
|:---|:---|
| &nbsp;&nbsp;***Terms continued from previous page:*** | &nbsp;&nbsp;***Terms continued from previous page:*** |
| &nbsp;&nbsp;**Initial basket value:** | &nbsp;&nbsp;Set equal to 100 on the pricing date |
| &nbsp;&nbsp;**Final basket value:** | &nbsp;&nbsp;The basket closing value on the valuation date |
| &nbsp;&nbsp;**Basket closing value:** | &nbsp;&nbsp; The basket closing value on the valuation date will be calculated as follows:<br> 100 × [1 + sum of (index return of each underlying index × basket weighting of that underlying index)] |
| &nbsp;&nbsp;**Index return:** | &nbsp;&nbsp; With respect to each underlying index:<br> <u>(final index value – initial index value)</u><br> initial index value |
| &nbsp;&nbsp;**Initial index value:** | &nbsp;&nbsp;With respect to each underlying index, the closing level of that underlying index on the pricing date, which was 5,716.61 for the EURO STOXX 50<sup>®</sup> Index, 3,629.03 for the TOPIX<sup>®</sup> Index, 10,261.15 for the FTSE<sup>®</sup> 100 Index, 12,839.27 for the Swiss Market Index and 8,617.091 for the S&P/ASX 200 Index |
| &nbsp;&nbsp;**Final index value:** | &nbsp;&nbsp;With respect to each underlying index, the closing level of that underlying index on the valuation date |
| &nbsp;&nbsp;**CUSIP / ISIN:** | &nbsp;&nbsp;46660M6R1 / US46660M6R14 |
| &nbsp;&nbsp;**Listing:** | &nbsp;&nbsp;The Trigger PLUS will not be listed on any securities exchange. |

---

March 2026 Page 2

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

**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 a Basket of Five Indices due April 5, 2029 (the "Trigger PLUS") can be used:

▪ As an alternative to direct exposure to the underlying indices that enhances returns for any positive performance of the basket.

▪ To potentially achieve similar levels of upside exposure to the basket as a direct investment, 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 basket but only if the final
basket value is *greater than or equal to* the trigger level.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Maturity:** | &nbsp;&nbsp;Approximately 36.5 months |
| &nbsp;&nbsp;**Leverage factor:** | &nbsp;&nbsp;145.50% |
| &nbsp;&nbsp;**Trigger Level:** | &nbsp;&nbsp;80% of the initial basket value |
| &nbsp;&nbsp;**Minimum payment at maturity:** | &nbsp;&nbsp;None. Investors may lose their entire initial investment in the Trigger PLUS. |
| &nbsp;&nbsp;**Basket weightings:** | &nbsp;&nbsp; 40.00% for the SX5E Index, 25.00% for the TPX Index, 17.50% for the UKX Index, 10.00% for the SMI Index and 7.50% for the AS51 Index<br>|

---

Supplemental Terms of the Trigger PLUS

For purposes of the accompanying product supplement, each underlying index is an "Index."

Any values of the underlying indices, 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.

March 2026 Page 3

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

**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. 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 any positive performance relative to a direct investment in the basket. |
| **Trigger Feature** | At maturity, even if the basket has declined over the term of the Trigger PLUS, investors will receive their stated principal amount but only if the final basket value is greater than or equal to the trigger level. |
| **Upside Scenario** | The final basket value is greater than the initial basket value and, at maturity, the Trigger PLUS pay the stated principal amount of $1,000 *plus* a return equal to 145.50% of the basket percent increase. |
| **Par Scenario** | The final basket value is less than or equal to the initial basket value 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 basket has depreciated. |
| **Downside Scenario** | The final basket value is less than the trigger level. In this case, the Trigger PLUS pay an amount that is over 20% less than the stated principal amount and this decrease will be by an amount that is proportionate to the percentage decline of the final basket value from the initial basket value. (Example: if the basket decreases in value by 40%, the Trigger PLUS will pay an amount that is less than the stated principal amount by 40%, or $600 per Trigger PLUS.) |

---

March 2026 Page 4

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

**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;145.50% |
| &nbsp;&nbsp;**Trigger level:** | 80% of the initial basket value |

---

---

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

---

**How it works**

▪ **Upside Scenario.** If the final basket value is greater than the initial basket value, for each $1,000 stated principal amount Trigger
PLUS, investors will receive the $1,000 stated principal amount *plus* a return equal to 145.50% of the appreciation of the basket
over the term of the Trigger PLUS.

&nbsp;&nbsp;&nbsp;&nbsp;▪ For example, if the basket appreciates 5%, investors will
receive a return of 7.275%, or $1,072.75 per Trigger PLUS.

▪ **Par Scenario.** If the final basket value is less than or equal to the initial basket value 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 basket depreciates 5%, investors will
receive the $1,000 stated principal amount.

▪ **Downside Scenario.** If the final basket value
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 basket value from the initial basket value.

&nbsp;&nbsp;&nbsp;&nbsp;▪ For example, if the basket depreciates 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.

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.

March 2026 Page 5

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

Hypothetical Payouts on the Trigger PLUS at Maturity

Below are three examples of how to calculate the payment at maturity based on the hypothetical values of the underlying indices in the respective tables below. The following hypothetical examples are provided for illustrative purposes only. Actual results may vary. The hypothetical initial index value of each underlying index of 100.00 has been chosen for illustrative purposes only and does not represent the actual initial index value of any underlying index. The actual initial index value of each underlying index is the closing level of that underlying index on the pricing date and is specified under "Final Terms — Initial index value" in this pricing supplement. For historical data regarding the actual closing levels of each underlying index, please see the historical information set forth under "Basket Overview" in this pricing supplement.

**<u>Example 1</u>: The final basket value is greater than the initial basket value.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Underlying index** | &nbsp;&nbsp;**Basket<br> weighting** | &nbsp;&nbsp;**Hypothetical<br> initial index value** | &nbsp;&nbsp;**Hypothetical<br> final index value** | &nbsp;&nbsp;**Index return** |
| SX5E Index | **40.00%** | **100.00** | **103.00** | &nbsp;&nbsp;+3.00% |
| TPX Index | **25.00%** | **100.00** | **103.00** | &nbsp;&nbsp;+3.00% |
| UKX Index | **17.50%** | **100.00** | **103.00** | &nbsp;&nbsp;+3.00% |
| SMI Index | **10.00%** | **100.00** | **103.00** | &nbsp;&nbsp;+3.00% |
| AS51 Index | **7.50%** | **100.00** | **103.00** | &nbsp;&nbsp;+3.00% |

---

**Basket percent increase = (final basket value – initial basket value) / initial basket value**

**Initial basket value = 100**

**Final basket value = 100 × [1 + sum of (index return of each underlying index × basket weighting of that underlying index)]**

**Using the hypothetical values above, the sum of the index return of each underlying index times the basket weighting of that underlying index:**

---

| |
|:---|
| **[(103.00 – 100.00) / 100.00] × 40.00% = 1.200%** |
| **[(103.00 – 100.00) / 100.00] × 25.00% = 0.750%** |
| **[(103.00 – 100.00) / 100.00] × 17.50% = 0.525%** |
| **[(103.00 – 100.00) / 100.00] × 10.00% = 0.300%** |
| **[(103.00 – 100.00) / 100.00] × 7.50% = 0.225%** |
| **1.200% + 0.750% + 0.525% + 0.300% + 0.225% = 3.00%** |

---

---

| | | |
|:---|:---|:---|
| **Final basket value** | = | 100 × (1 + 3.00%), which equals 103 |
| **Basket percent increase** | = | (103 – 100) / 100, which equals 3.00% |

---

The payment at maturity per Trigger PLUS will equal $1,000 *plus* the leveraged upside payment. The leveraged upside payment will equal (i) $1,000 *times* (ii) the leverage factor *times* (iii) the basket percent increase, or:

$1,000 × 145.50% × 3.00% = $43.65

The payment at maturity per Trigger PLUS will equal $1,000 *plus* the leveraged upside payment, or:

$1,000 + $43.65 = $1,043.65

March 2026 Page 6

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

**<u>Example 2</u>: The final basket value is less than or equal to the initial basket value but is greater than or equal to the trigger level.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Underlying index** | &nbsp;&nbsp;**Basket<br> weighting** | &nbsp;&nbsp;**Hypothetical<br> initial index value** | &nbsp;&nbsp;**Hypothetical<br> final index value** | &nbsp;&nbsp;**Index return** |
| **SX5E Index** | **40.00%** | **100.00** | **91.00** | **-9.00%** |
| **TPX Index** | **25.00%** | **100.00** | **91.00** | **-9.00%** |
| **UKX Index** | **17.50%** | **100.00** | **91.00** | **-9.00%** |
| **SMI Index** | **10.00%** | **100.00** | **91.00** | **-9.00%** |
| **AS51 Index** | **7.50%** | **100.00** | **91.00** | **-9.00%** |

---

**Initial basket value = 100**

**Final basket value = 100 × [1 + sum of (index return of each underlying index × basket weighting of that underlying index)]**

**Using the hypothetical values above, the sum of the index return of each underlying index times the basket weighting of that underlying index:**

---

| |
|:---|
| **[(91.00 – 100.00) / 100.00] × 40.00% = -3.600%** |
| **[(91.00 – 100.00) / 100.00] × 25.00% = -2.250%** |
| **[(91.00 – 100.00) / 100.00] × 17.50% = -1.575%** |
| **[(91.00 – 100.00) / 100.00] × 10.00% = -0.900%** |
| **[(91.00 – 100.00) / 100.00] × 7.50% = -0.675%** |
| **(-3.600%) + (-2.250%) + (-1.575%) + (-0.900%) + (-0.675%) = -9.00%** |

---

---

| | | |
|:---|:---|:---|
| **Final basket value** | = | 100 × (1 + (-9.00%)), which equals 91 |
| **Trigger Level** | = | 80 |

---

Because the final basket value is less than or equal to the initial basket value but is greater than or equal to the trigger level, the payment at maturity per Trigger PLUS will equal $1,000, the stated principal amount.

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

**Principal at Risk Securities**

**<u>Example 3</u>: The final basket value is less than the trigger level.**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Underlying index** | &nbsp;&nbsp;**Basket<br> weighting** | &nbsp;&nbsp;**Hypothetical<br> initial index value** | &nbsp;&nbsp;**Hypothetical<br> final index value** | &nbsp;&nbsp;**Index return** |
| **SX5E Index** | **40.00%** | **100.00** | **20.00** | **-80.00%** |
| **TPX Index** | **25.00%** | **100.00** | **103.00** | **+3.00%** |
| **UKX Index** | **17.50%** | **100.00** | **103.00** | **+3.00%** |
| **SMI Index** | **10.00%** | **100.00** | **103.00** | **+3.00%** |
| **AS51 Index** | **7.50%** | **100.00** | **103.00** | **+3.00%** |

---

**Basket performance factor = final basket value / initial basket value**

**Initial basket value = 100**

**Final basket value = 100 × [1 + sum of (index return of each underlying index × basket weighting of that underlying index)]**

**Using the hypothetical values above, the sum of the index return of each underlying index times the basket weighting of that underlying index:**

---

| |
|:---|
| **[(20.00 – 100.00) / 100.00] × 40.00% = -32.000%** |
| **[(103.00 – 100.00) / 100.00] × 25.00% = 0.750%** |
| **[(103.00 – 100.00) / 100.00] × 17.50% = 0.525%** |
| **[(103.00 – 100.00) / 100.00] × 10.00% = 0.300%** |
| **[(103.00 – 100.00) / 100.00] × 7.50% = 0.225%** |
| **(-32.000%) + 0.750% + 0.525% + 0.300% + 0.225% = -30.20%** |

---

---

| | |
|:---|:---|
| **Final basket value** | 100 × (1 + (-30.20%)), which equals 69.80 |
| **Basket performance factor** | 69.80 / 100, which equals 69.80% |
| **Trigger Level** | 80 |

---

In the above example, the final index values of all the underlying indices except for the SX5E Index (with a combined weighting of 60.00% of the basket) are each higher than their respective initial index values, but the final index value of the SX5E Index (with a weighting of 40.00% of the basket) is less than its initial index value. Accordingly, although the final index values of 60.00% (by weight) of the basket have increased in value over their respective initial index values, the final index value of the other 40.00% (by weight) of the basket has declined and, because it has declined significantly, its decline more than offsets the increases in the other underlying indices and, consequently, the basket performance factor is less than 100%.

Because the final basket value is less than the trigger level, in this example, the payment at maturity per Trigger PLUS will equal $1,000 *times* the basket performance factor; or

$1,000 × 69.80% = $698.00

***In this example, the payment at maturity per Trigger PLUS will be $698.00, which is less than the stated principal amount by an amount that is proportionate to the percentage decline in the basket.***

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**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 basket value is less than the trigger level (which is 80% of the initial
basket value), the payment at maturity will be an amount in cash that is over 20% 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 value of the basket 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 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 basket value 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 basket.

▪ **Correlation (or lack of correlation) of performances among the underlying indices may reduce the performance of the basket, and changes in the values of the underlying indices may offset each other**. The Trigger PLUS are linked to an unequally weighted basket consisting of the underlying indices. Movements and performances
of the underlying indices may or may not be correlated with each other. At a time when the value of one or more of the underlying indices
increases, the values of the other underlying indices may not increase as much or may decline. Therefore, in calculating the final basket
value, increases in the value of one or more of the underlying indices may be moderated, or more than offset, by the lesser increases
or declines in the values of the other underlying indices. High correlation of movements in the values of the underlying indices during
periods of negative returns could have an adverse effect on your return on your investment. There can be no assurance that the final basket
value will be greater than the initial basket value.

▪ **The underlying indices are not equally weighted.** Because
the underlying indices are not equally weighted, the same percentage change in two of the underlying indices may have different effects
on the basket closing value. For example, because the weighting for the SX5E Index is greater than the weighting for the TPX Index, a
5% decrease in the value of the SX5E Index will have a greater effect on the basket closing value than a 5% increase in the value of the
TPX Index. Because the SX5E Index

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

**Principal at Risk Securities**

makes up 40.00% of the basket, we expect that generally the market value of your Trigger PLUS and your payment at maturity will depend significantly on the performance of the SX5E Index. See "Hypothetical Payouts on the Trigger PLUS at Maturity — Example 3" in this document.

▪ **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 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.

▪ **We may accelerate your Trigger PLUS in our sole discretion and the calculation agent may adjust their final payment in good faith and in a commercially reasonable manner if a change-in-law event occurs.** Upon the
announcement or occurrence of legal or regulatory changes that the calculation agent determines are likely to interfere with your or our
ability to transact in or hold the Trigger PLUS or our ability to hedge or perform our obligations under the Trigger PLUS, we may, in
our sole and absolute discretion, accelerate the payment on your Trigger PLUS and pay you an amount determined in good faith and in a
commercially reasonable manner by the calculation agent. If the payment on your Trigger PLUS is accelerated, your investment may result
in a loss and you may not be able to reinvest your money in a comparable investment. Please see "General Terms of Notes —
Consequences of a Change-in-Law Event" in the accompanying product supplement for more information.

▪ **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. In addition,
in 2007 Treasury and the IRS released a notice requesting comments on the U.S. federal income tax treatment of "prepaid forward
contracts" and similar instruments. The notice focuses in particular on whether to require investors in these instruments to accrue
income over the term of their investment. It also asks for comments on a number of related topics, including the character of income or
loss with respect to these instruments; the relevance of factors such as the nature of the underlying property to which the instruments
are linked; the degree, if any, to which income (including any mandated accruals) realized by non-U.S. investors should be subject to
withholding tax; and whether these instruments are or should be subject to the "constructive ownership" regime, which very
generally can operate to recharacterize certain long-term capital gain as ordinary income and impose a notional interest charge. While
the notice requests comments on appropriate transition rules and effective dates, any Treasury regulations or other guidance promulgated
after consideration of these issues could materially and adversely affect the tax consequences of an investment in the 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 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 has determined the initial index values, will determine the final index values and the final basket value and will
calculate the amount of payment you will receive at

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**Principal at Risk Securities**

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 any underlying index or calculation of the final index value of any underlying index in the event of a discontinuation or material change in method of calculation of that underlying index, 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 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 have adversely
affected, and may continue to adversely affect, the values of the underlying indices 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
have affected the initial index value of an underlying index and, therefore, could potentially increase the level that the final index
value of an underlying index 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 basket value 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 is 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 exceeds 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 the 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

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**Principal at Risk Securities**

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 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 levels of the underlying indices, 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 underlying indices and the basket;

&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 equity securities included in the underlying indices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o the actual and expected positive or negative correlation among the underlying indices, or the actual and expected absence of any such
correlation;

&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 exchange rates and the volatility of the exchange rates between the U.S. dollar and each of the currencies in which the equity
securities included in the underlying indices and the correlation among those rates and the values of the underlying indices; 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

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**Principal at Risk Securities**

(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 Underlying Indices

▪ **Investing in the Trigger PLUS is not equivalent to investing in the basket or the underlying indices.** Investing in the Trigger PLUS is not equivalent to investing in the basket,
any underlying index or its component stocks. 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 stocks that constitute any underlying index.

▪ **Adjustments to any underlying index could adversely affect the value of the Trigger PLUS.** The underlying index publisher of any underlying index may discontinue or suspend
calculation or publication of that underlying index at any time. In these circumstances, the calculation agent will have the sole discretion
to substitute a successor index that is comparable to any discontinued underlying index and is not precluded from considering indices
that are calculated and published by the calculation agent or any of its affiliates.

▪ **The Trigger PLUS are subject to risks associated with securities issued by non-U.S. companies.** The
equity securities included in the underlying indices have been issued by non-U.S. companies. Investments in the Trigger PLUS linked to
the value of such non-U.S. equity securities involve risks associated with the home countries and/or the securities markets in the home
countries of the issuers of those non-U.S. equity securities ,
including risks of volatility in those markets, governmental intervention in those markets and cross shareholdings in companies in certain
countries. Also, there is generally less publicly available information about companies in some of these jurisdictions than there is about
U.S. companies that are subject to the reporting requirements of the SEC, and generally non-U.S. companies are subject to accounting,
auditing and financial reporting standards and requirements and securities trading rules different from those applicable to U.S. reporting
companies.

▪ **The Trigger PLUS are not directly exposed to fluctuations in foreign exchange rates.** The value of your Trigger PLUS will not
be adjusted for exchange rate fluctuations between the U.S. dollar and the currencies upon which the equity securities included in the
underlying indices are based, although any currency fluctuations could affect the performance of the underlying indices. Therefore, if
the applicable currencies appreciate or depreciate relative to the U.S. dollar over the term of the Trigger PLUS, you will not receive
any additional payment or incur any reduction in 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 securities included in any underlying index, or engaging in transactions in them, and any
such action could adversely affect the value of the Trigger PLUS or any underlying index. 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.

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

**Principal at Risk Securities**

Basket Overview

The basket is an unequally weighted basket composed of five underlying indices.

**Underlying Indices**

**The EURO STOXX 50<sup>®</sup> Index.** The EURO STOXX 50<sup>®</sup> Index consists of 50 component stocks of market sector leaders from within the Eurozone. For additional information about the EURO STOXX 50<sup>®</sup> Index, see "Equity Index Descriptions ― The STOXX Benchmark Indices" in the accompanying underlying supplement.

**The TOPIX<sup>®</sup> Index.** The TOPIX<sup>®</sup> Index, also known as the Tokyo Stock Price Index, is a free float-adjusted market capitalization-weighted index of common stocks listed on the Tokyo Stock Exchange, Inc. covering an extensive portion of the Japanese stock market. For additional information about the TOPIX<sup>®</sup> Index, see "Equity Index Descriptions — The TOPIX<sup>®</sup> Index" in the accompanying underlying supplement.

**The FTSE<sup>®</sup> 100 Index.** The FTSE<sup>®</sup> 100 Index measures the composite price performance of stocks of the largest 100 companies (determined on the basis of market capitalization) traded on the London Stock Exchange. For additional information about the FTSE<sup>®</sup> 100 Index, see "Equity Index Descriptions — The FTSE<sup>®</sup> 100 Index" on page US-44 of the accompanying underlying supplement.

**The Swiss Market Index.** The Swiss Market Index ("SMI<sup>®</sup>") is a free-float adjusted market capitalization-weighted price return index of the Swiss equity market. The SMI<sup>®</sup> comprises the 20 most highly capitalized and liquid stocks of the Swiss Performance Index<sup>®</sup>. For additional information about the Swiss Market Index, see "Equity Index Descriptions — The Swiss Market Index" on page US-116 of the accompanying underlying supplement.

**The S&P/ASX 200 Index.** The S&P/ASX 200 Index measures the performance of the 200 largest and most liquid index-eligible stocks listed on the Australian Securities Exchange by float-adjusted market capitalization, and is widely considered Australia's benchmark index. For additional information see the information about the S&P/ASX 200 Index, see "Equity Index Descriptions — The S&P/ASX 200 Index" on page US-85 of the accompanying underlying supplement.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Underlying index information as of March 13, 2026** | **Underlying index information as of March 13, 2026** | **Underlying index information as of March 13, 2026** | **Underlying index information as of March 13, 2026** | **Underlying index information as of March 13, 2026** | **Underlying index information as of March 13, 2026** | **Underlying index information as of March 13, 2026** |
| &nbsp;&nbsp;**Underlying Index** | &nbsp;&nbsp;**Bloomberg<br> Ticker<br> Symbol** | &nbsp;&nbsp;**Current<br> Value** | &nbsp;&nbsp;**52 Weeks Ago** | &nbsp;&nbsp;**52 Week High** | &nbsp;&nbsp;**52 Week Low** | &nbsp;&nbsp;**Basket<br> weighting** |
| &nbsp;&nbsp;**The EURO STOXX 50<sup>®</sup> Index** | &nbsp;&nbsp;SX5E | &nbsp;&nbsp;5716.61 | &nbsp;&nbsp;5,328.39<br> (on 3/13/2025) | &nbsp;&nbsp; 6,173.32<br> (on 2/25/2026) | &nbsp;&nbsp; 4,622.14<br> (on 4/9/2025) | &nbsp;&nbsp;40.00% |
| &nbsp;&nbsp;**The TOPIX<sup>®</sup> Index** | &nbsp;&nbsp;TPX | &nbsp;&nbsp;3629.03 | &nbsp;&nbsp; 2,698.36<br> (on 3/13/2025) | &nbsp;&nbsp; 3,938.68<br> (on 2/27/2026) | &nbsp;&nbsp; 2,288.66<br> (on 4/7/2025) | &nbsp;&nbsp;25.00% |
| &nbsp;&nbsp;**The FTSE<sup>®</sup> 100 Index** | &nbsp;&nbsp;UKX | &nbsp;&nbsp;10261.15 | &nbsp;&nbsp; 8,542.56<br> (on 3/13/2025) | &nbsp;&nbsp; 10,910.55<br> (on 2/27/2026) | &nbsp;&nbsp; 7,679.48<br> (on 4/9/2025) | &nbsp;&nbsp;17.50% |
| &nbsp;&nbsp;**The Swiss Market Index** | &nbsp;&nbsp;SMI | &nbsp;&nbsp;12839.27 | &nbsp;&nbsp; 12,836.19<br> (on 3/13/2025) | &nbsp;&nbsp; 14,014.30<br> (on 2/27/2026) | &nbsp;&nbsp; 10,887.73<br> (on 4/9/2025) | &nbsp;&nbsp;10.00% |
| &nbsp;&nbsp;**The S&P/ASX 200 Index** | &nbsp;&nbsp;AS51 | &nbsp;&nbsp;8617.091 | &nbsp;&nbsp; 7,749.066<br> (on 3/13/2025) | &nbsp;&nbsp; 9,200.890<br> (on 3/2/2026) | &nbsp;&nbsp; 7,343.255<br> (on 4/7/2025) | &nbsp;&nbsp;7.50% |

---

March 2026 Page 14

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

The following graph is calculated to show the performance of the basket during the period from January 4, 2021 through March 13, 2026, assuming the underlying indices are weighted as set out above such that the initial basket value was 100 on January 4, 2021 and illustrates the effect of the offset and/or correlation among the underlying indices during that period. The graph does not take into account the leverage factor on the Trigger PLUS, nor does it attempt to show your expected return on an investment in the Trigger PLUS. You cannot predict the future performance of any underlying index or of the basket as a whole, or whether increases in the value of any underlying index will be offset by decreases in the values of the other underlying indices. The historical value performance of the basket and the degree of correlation among the value trends of the underlying indices (or lack thereof) should not be taken as an indication of its future performance.

---

| |
|:---|
| **Historical Basket Performance\*<br> January 4, 2021 through March 13, 2026** |
| ![](image_002.jpg) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* The dotted line in the graph indicates a hypothetical trigger level equal to 80% of the hypothetical basket closing value on March 13, 2026. The actual trigger level is equal to 80% of the initial basket value, which was set equal to 100 on the pricing date. |

---

The following graphs set forth the daily closing levels for each of the underlying indices for the period from January 4, 2021 through March 13, 2026. The related tables set forth the published high and low, as well as end-of-quarter, closing levels for each respective underlying index for each quarter in the same period. We obtained the closing level information above and the information in the tables and graphs from the Bloomberg Professional<sup>®</sup> service ("Bloomberg"), without independent verification. The historical closing levels and historical performance of the underlying indices should not be taken as an indication of future performance, and no assurance can be given as to the closing levels of the underlying indices and the basket closing value on the valuation date. There can be no assurance that the final basket value will be greater than or equal to the trigger level so that you do not suffer a loss on your initial investment in the Trigger PLUS.

March 2026 Page 15

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

---

| |
|:---|
| **Historical Performance of the EURO STOXX 50<sup>®</sup> Index<br> January 4, 2021 to March 13, 2026** |
| ![](image_003.jpg) |

---

**License Agreement.** The EURO STOXX 50<sup>®</sup> Index and STOXX<sup>®</sup> are the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (the "Licensors"), which are used under license. The Trigger PLUS based on the EURO STOXX 50<sup>®</sup> Index are in no way sponsored, endorsed, sold or promoted by STOXX Limited and its Licensors and neither STOXX Limited nor any of its Licensors shall have any liability with respect thereto. See "Equity Index Descriptions — The STOXX Benchmark Indices — License Agreement" in the accompanying underlying supplement.

---

| | | | |
|:---|:---|:---|:---|
| **EURO STOXX 50<sup>®</sup> Index** | **High** | **Low** | **Period End** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 3926.20 | 3481.44 | 3919.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 4158.14 | 3924.80 | 4064.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 4246.13 | 3928.53 | 4048.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 4401.49 | 3996.41 | 4298.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 4392.15 | 3505.29 | 3902.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 3951.12 | 3427.91 | 3454.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 3805.22 | 3279.04 | 3318.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 3986.83 | 3331.53 | 3793.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 4315.05 | 3856.09 | 4315.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 4408.59 | 4218.04 | 4399.09 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 4471.31 | 4129.18 | 4174.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 4549.44 | 4014.36 | 4521.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2024** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 5083.42 | 4403.08 | 5083.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 5100.90 | 4839.14 | 4894.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 5067.45 | 4571.60 | 5000.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 5041.01 | 4729.71 | 4895.98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2025** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 5540.69 | 4871.45 | 5248.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 5454.65 | 4622.14 | 5303.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 5529.96 | 5165.60 | 5529.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 5796.22 | 5515.09 | 5791.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2026** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter (through March 13, 2026) | 6173.32 | 5685.20 | 5716.61 |

---

March 2026 Page 16

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

---

| |
|:---|
| **Historical Performance of the TOPIX<sup>®</sup> Index<br> January 4, 2021 through March 13, 2026** |
| ![](image_004.jpg) |

---

**License Agreement.** JPMorgan Chase & Co. or its affiliate expects to enter into an agreement with JPX Market Innovation & Research, Inc. ("JPXI") (or to obtain a sublicense from an affiliate who has entered into a license agreement with JPXI) that would provide it and certain of its affiliates or subsidiaries, including JPMorgan Financial, with a non-exclusive license and, for a fee, with the right to use the TOPIX<sup>®</sup> Index, which is owned and published by JPXI, in connection with certain securities, including the Trigger PLUS. For more information, see "Equity Index Descriptions — The TOPIX<sup>®</sup> Index — License Agreement" in the accompanying underlying supplement.

---

| | | | |
|:---|:---|:---|:---|
| **TOPIX<sup>®</sup> Index** | **High** | **Low** | **Period End** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 2012.21 | 1791.22 | 1954.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 1983.54 | 1849.04 | 1943.57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 2118.87 | 1880.68 | 2030.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 2055.56 | 1926.37 | 1992.33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 2039.27 | 1758.89 | 1946.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 1969.98 | 1818.94 | 1870.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 2006.99 | 1835.94 | 1835.94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 2018.80 | 1847.58 | 1891.71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 2071.09 | 1868.15 | 2003.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 2300.36 | 1961.28 | 2288.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 2430.30 | 2221.48 | 2323.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 2391.05 | 2218.89 | 2366.39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2024** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 2813.22 | 2378.79 | 2768.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 2809.63 | 2626.32 | 2809.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 2929.17 | 2227.15 | 2645.94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 2801.68 | 2618.32 | 2784.92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2025** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 2815.47 | 2658.73 | 2658.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 2852.84 | 2288.66 | 2852.84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 3187.02 | 2811.72 | 3137.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 3431.47 | 3087.40 | 3408.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2026** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter (through March 13, 2026) | 3938.68 | 3477.52 | 3629.03 |

---

March 2026 Page 17

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

---

| |
|:---|
| **Historical Performance of the FTSE<sup>®</sup> 100 Index<br> January 4, 2021 through March 13, 2026** |
| ![](image_005.jpg) |

---

**License Agreement.** "FTSE<sup>®</sup>," "FT-SE<sup>®</sup>" AND "footsie<sup>®</sup>" are trademarks of London Stock Exchange Group PLC and its affiliates and are used by FTSE Russell under license. The use of and reference to the FTSE<sup>®</sup> 100 Index in connection with the Trigger PLUS has been consented to by FTSE Russell. All rights to the FTSE<sup>®</sup> 100 Index are owned by FTSE Russell, the publisher of the FTSE<sup>®</sup> 100 Index. We, JPMorgan Chase & Co., the agent, the calculation agent and the trustee disclaim all responsibility for the calculation or other maintenance of or any adjustments to the FTSE<sup>®</sup> 100 Index. In addition, FTSE Russell has no relationship to us, JPMorgan Chase & Co. or the Trigger PLUS. FTSE Russell does not sponsor, endorse, authorize, sell or promote the Trigger PLUS, and do not have any obligation or liability in connection with the administration, marketing or trading of the Trigger PLUS. For more information, see "Equity Index Descriptions — The FTSE 100<sup>®</sup> Index — License Agreement" in the accompanying underlying supplement.

---

| | | | |
|:---|:---|:---|:---|
| **FTSE<sup>®</sup> 100 Index** | **High** | **Low** | **Period End** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 6873.26 | 6407.46 | 6713.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 7184.95 | 6737.30 | 7037.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 7220.14 | 6844.39 | 7086.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 7420.69 | 6995.87 | 7384.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 7672.40 | 6959.48 | 7515.68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 7669.56 | 7016.25 | 7169.28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 7550.37 | 6881.59 | 6893.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 7573.05 | 6826.15 | 7451.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 8014.31 | 7335.40 | 7631.74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 7914.13 | 7446.14 | 7531.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 7731.65 | 7256.94 | 7608.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 7733.24 | 7291.28 | 7733.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2024** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 7952.62 | 7446.29 | 7952.62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 8445.80 | 7820.36 | 8164.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 8379.64 | 8008.23 | 8236.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 8385.13 | 8025.77 | 8173.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2025** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 8871.31 | 8201.54 | 8582.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 8884.92 | 7679.48 | 8760.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 9350.43 | 8774.69 | 9350.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 9940.71 | 9354.57 | 9931.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2026** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter (through March 13, 2026) | 10910.55 | 9951.14 | 10261.15 |

---

March 2026 Page 18

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

---

| |
|:---|
| **Historical Performance of the Swiss Market Index<br> January 4, 2021 through March 13, 2026** |
| ![](image_006.jpg) |

---

**License Agreement.** JPMorgan Chase & Co. or its affiliate has entered into an agreement with SIX Swiss Exchange Ltd. ("SSE") providing it and certain of its affiliates or subsidiaries, including JPMorgan Financial, with a non-exclusive license and, for a fee, with the right to use the SMI<sup>®</sup>, which is owned and published by SSE, in connection with certain securities, including the Trigger PLUS. For more information, see "Equity Index Descriptions — The Swiss Market Index — License Agreement" in the accompanying underlying supplement.

---

| | | | |
|:---|:---|:---|:---|
| **Swiss Market Index** | **High** | **Low** | **Period End** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 11121.42 | 10522.22 | 11047.37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 12028.45 | 10970.93 | 11942.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 12545.35 | 11485.58 | 11642.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 12970.53 | 11569.39 | 12875.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 12939.17 | 11057.06 | 12161.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 12528.61 | 10451.31 | 10741.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 11202.66 | 10072.62 | 10267.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 11238.20 | 10199.32 | 10729.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 11435.99 | 10516.40 | 11106.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 11595.25 | 11073.48 | 11280.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 11373.21 | 10839.06 | 10963.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 11209.95 | 10323.71 | 11137.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2024** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 11790.46 | 11091.58 | 11730.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 12254.76 | 11196.67 | 11993.83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 12451.48 | 11510.46 | 12168.87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 12326.76 | 11384.92 | 11600.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2025** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 13166.68 | 11624.02 | 12598.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 12686.62 | 10887.73 | 11921.46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 12383.47 | 11755.32 | 12109.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 13267.48 | 12234.50 | 13267.48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2026** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter (through March 13, 2026) | 14014.30 | 12839.27 | 12839.27 |

---

March 2026 Page 19

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

---

| |
|:---|
| **Historical Performance of the S&P/ASX 200 Index<br> January 4, 2021 through March 13, 2026** |
| ![](image_007.jpg) |

---

**License Agreement.** JPMorgan Chase & Co. or its affiliate has entered into an agreement with S&P Dow Jones Indices LLC that provides it and certain of its affiliates or subsidiaries, including JPMorgan Financial, with a non-exclusive license and, for a fee, with the right to use the S&P/ASX 200 Index, which is owned and published by S&P Dow Jones Indices LLC, in connection with certain securities, including the Trigger PLUS. For more information, see "Equity Index Descriptions — The S&P/ASX 200 Index — License Agreement" in the accompanying underlying supplement.

---

| | | | |
|:---|:---|:---|:---|
| **S&P/ASX 200 Index** | **High** | **Low** | **Period End** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2021** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 6917.274 | 6607.054 | 6790.667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 7386.174 | 6828.694 | 7313.023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 7628.923 | 7196.713 | 7332.159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 7513.373 | 7185.545 | 7444.642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2022** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 7589.757 | 6838.282 | 7499.588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 7592.790 | 6433.368 | 6568.063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 7127.684 | 6462.027 | 6474.198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 7354.418 | 6456.866 | 7038.688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 7558.108 | 6898.507 | 7177.754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 7381.515 | 7078.654 | 7203.299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 7455.917 | 7004.033 | 7048.637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 7614.278 | 6772.927 | 7590.818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2024** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 7896.858 | 7346.477 | 7896.858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 7887.869 | 7567.283 | 7767.470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 8269.830 | 7649.556 | 8269.830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 8495.217 | 8066.962 | 8159.143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2025** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter | 8555.806 | 7749.066 | 7843.424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second Quarter | 8592.103 | 7343.255 | 8542.270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third Quarter | 9019.088 | 8538.580 | 8848.774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth Quarter | 9094.711 | 8416.501 | 8714.308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2026** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quarter (through March 13, 2026) | 9200.890 | 8599.035 | 8617.091 |

---

March 2026 Page 20

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

**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:** | **Additional Provisions:** |
| **Postponement of maturity date:** | 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 it 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. |
| **Minimum ticketing size:** | $1,000 / 1 Trigger PLUS |
| **Trustee:** | Deutsche Bank Trust Company Americas (formerly Bankers Trust Company) |
| **Calculation agent:** | JPMS |
| **The estimated value of the Trigger PLUS:** | 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 is 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 is lower than the original issue price (price to public) of the Trigger PLUS" in this document. |

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March 2026 Page 21

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

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| | |
|:---|:---|
| **Secondary market prices of the Trigger PLUS:** | 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 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." |
| **Tax considerations:** | 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, 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 Trigger PLUS at the issue price. However, the IRS or a court may not respect this treatment of the Trigger PLUS, in which case the timing and character of any income or loss on the 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, which very generally can operate to recharacterize certain long-term capital gain as ordinary income and impose a notional interest charge. While the notice requests comments on appropriate transition rules and effective dates, any Treasury regulations or other guidance promulgated after consideration of these issues could materially and adversely affect the tax consequences of an investment in the 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 possible alternative treatments and the issues presented by this notice. |
| **Supplemental use of proceeds and hedging:** | 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" in this document for an illustration of the risk-return profile of the Trigger PLUS and "Basket 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. |
| **Benefit plan investor considerations:** | See "Benefit Plan Investor Considerations" in the accompanying product supplement. |
| **Supplemental plan of distribution:** | 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. |

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March 2026 Page 22

**JPMorgan Chase Financial Company LLC**

Trigger PLUS Based on the Performance of a Basket of Five Indices due April 5, 2029

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

**Principal at Risk Securities**

---

| |
|:---|
| **Validity of the Trigger PLUS and the guarantee:** |
| **Where you can find more information:** &nbsp;&nbsp; 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> [http://www.sec.gov/Archives/edgar/data/19617/000121390023029539/ea152803_424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000121390023029539/ea152803_424b2.pdf)<br> **• Underlying supplement no. 1-I dated April 13, 2023:**<br> [http://www.sec.gov/Archives/edgar/data/19617/000121390023029543/ea151873_424b2.pdf](http://www.sec.gov/Archives/edgar/data/19617/000121390023029543/ea151873_424b2.pdf)<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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March 2026 Page 23

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-3**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **JPMORGAN CHASE & CO**  |

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The maximum aggregate offering price of the securities to which the prospectus relates is $9,681,000. The prospectus is a final prospectus for the related offering.