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JPMorgan Chase Financial Company LLC

September 2026

Pricing Supplement

Registration Statement Nos. 333-293684 and\n333-293684-01

Dated September 30, 2026

Filed pursuant to Rule 424(b)(2)

Structured\nInvestments

Opportunities in U.S. Equities

Trigger PLUS Based on the Performance\nof the Invesco S&P 500^® Equal Weight ETF due
\nApril 4, 2028

Trigger Performance Leveraged Upside\nSecurities^SM

Principal at Risk Securities

Fully and Unconditionally Guaranteed by\nJPMorgan Chase & Co.

The Trigger PLUS will pay no interest and do not guarantee any return\nof your principal at maturity. At maturity, if the ETF Shares have appreciated in price, investors will receive the stated principal\namount of their investment plus leveraged upside performance of the ETF Shares, subject to a maximum payment at maturity. If the\nETF Shares have declined in price but the final share price is greater than or equal to the trigger level, investors will receive the\nstated principal amount of the Trigger PLUS at maturity. However, if the ETF Shares have declined in price so that the final share\nprice is less than the trigger level, at maturity investors will lose a significant portion or all of their investment, resulting in a\n1% loss for every 1% decline in the closing price of the ETF Shares over the term of the Trigger PLUS. The Trigger PLUS are for investors\nwho seek an equity-based return and who are willing to risk their principal and forgo current income and upside above the maximum payment\nat maturity in exchange for the leverage feature that applies to a limited range of positive performance of the ETF Shares. The\nTrigger PLUS are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to as JPMorgan Financial,\nthe payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co., issued as part of JPMorgan Financial’s\nMedium-Term Notes, Series A, program. Any payment on the Trigger PLUS is subject to the credit risk of JPMorgan Financial, as issuer\nof the Trigger PLUS, and the credit risk of JPMorgan Chase & Co., as guarantor of the Trigger PLUS. The investor may lose\na significant portion or all of the stated principal amount of the Trigger PLUS.

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

FINAL TERMS
Issuer:	JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor:	JPMorgan Chase & Co.
ETF Shares:	Shares of the Invesco S&P 500^® Equal Weight ETF (Bloomberg ticker: RSP UP Equity)
Aggregate principal amount:	$4,678,000
Payment at maturity:	If the final share price is greater than the initial share price, for each $1,000 stated principal amount Trigger PLUS:
	$1,000 + leveraged upside payment
	In no event will the payment at maturity exceed the maximum payment at maturity.
	If the final share price is less than or equal to the initial share price but is greater than or equal to the trigger level, for each $1,000 stated principal amount Trigger PLUS:
	$1,000
	If the final share price is less than the trigger level, for each $1,000 stated principal amount Trigger PLUS:
	$1,000 × share performance factor
	This amount will be less than the stated principal amount of $1,000 per Trigger PLUS and will represent a loss of more than 10%, and possibly all, of your investment.
Leveraged upside payment:	$1,000 × leverage factor × share percent increase
Share percent increase:	(final share price – initial share price) / initial share price
Trigger level:	$187.218, which is 90% of the initial share price
Leverage factor:	200%
Share performance factor:	final share price / initial share price
Maximum payment at maturity:	$1,167.50 (116.75% of the stated principal amount) per Trigger PLUS
Stated principal amount:	$1,000 per Trigger PLUS
Issue price:	$1,000 per Trigger PLUS (see “Commissions and issue price” below)
Pricing date:	September 30, 2026
Original issue date (settlement date):	October 5, 2026
*Valuation date:**	March 30, 2028
*Maturity date:**	April 4, 2028
Agent:	J.P. Morgan Securities LLC (“JPMS”)
	*Terms continued on the following page*

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Commissions and issue price:	Price to public⁽¹⁾	Fees and commissions	Proceeds to issuer
Per Trigger PLUS	$1,000.00	$20.00⁽²⁾	$975.00
		$5.00⁽³⁾
Total	$4,678,000.00	$116,950.00	$4,561,050.00

(1)

See “Additional Information about the Trigger PLUS — Supplemental use of proceeds and hedging” in this document\nfor 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 $20.00 per $1,000 stated principal amount\nTrigger PLUS it receives from us to Morgan Stanley Smith Barney LLC (“Morgan Stanley Wealth Management”). See “Plan\nof 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\nstated principal amount Trigger PLUS

* Subject to postponement in the event of a market disruption event\nand as described under “General Terms of Notes — Postponement of a Determination Date — Notes Linked to a Single Underlying\n— Notes Linked to a Single Underlying (Other Than a Commodity Index)” and “General Terms of Notes — Postponement\nof a Payment Date” in the accompanying product supplement or early acceleration in the event of an acceleration event as described\nunder “General Terms of Notes — Consequences of an Acceleration Event” in the accompanying product supplement and “Risk\nFactors — Risks Relating to the Trigger PLUS Generally — We may accelerate your Trigger PLUS in our sole discretion and the\ncalculation agent may adjust their final payment in good faith and in a commercially reasonable manner if an acceleration event occurs”\nin this pricing supplement

The estimated value of the Trigger PLUS on the pricing date was\n$967.20 per $1,000 stated principal amount Trigger PLUS. See “Additional Information about the Trigger PLUS — The estimated\nvalue of the Trigger PLUS” in this document for additional information.

Investing in the Trigger PLUS involves a number of risks. See “Risk\nFactors” beginning on page S-2 of the accompanying prospectus supplement, “Risk Factors” beginning on page PS-12 of\nthe accompanying product supplement and “Risk Factors” beginning on page 7 of this document.

Neither the Securities and Exchange Commission (the “SEC”)\nnor any state securities commission has approved or disapproved of the Trigger PLUS or passed upon the accuracy or the adequacy of this\ndocument or the accompanying product supplement, underlying supplement, prospectus supplement and prospectus. Any representation to the\ncontrary is a criminal offense.

The Trigger PLUS are not bank deposits, are not insured by the Federal\nDeposit 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\nsupplement, underlying supplement, prospectus supplement and prospectus, each of which can be accessed via the hyperlinks below. Please\nalso see “Additional Information about the Trigger PLUS” at the end of this document.

Product supplement no. 3-I dated April 17, 2026: http://www.sec.gov/Archives/edgar/data/19617/000121390026045198/ea0285802-20_424b2.pdf

Underlying supplement no. 1-I dated April 17, 2026: http://www.sec.gov/Archives/edgar/data/19617/000121390026045209/ea0285802-11_424b2.pdf

Prospectus supplement and prospectus, each dated April\n17, 2026: http://www.sec.gov/Archives/edgar/data/19617/000095010326005889/crt_dp245141-424b2.pdf

JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Terms continued from previous page:

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Initial share price:	The closing price of one ETF Share on the pricing date, which was $208.02
Final share price:	The closing price of one ETF Share on the valuation date
Share adjustment factor:	The share adjustment factor is referenced in determining the closing price of one ETF Share and is set initially at 1.0 on the pricing date. The share adjustment factor is subject to adjustment in the event of certain events affecting the ETF Shares. See “The Underlyings — Funds — Anti-Dilution Adjustments” in the accompanying product supplement.
CUSIP / ISIN:	46661MPU2 / US46661MPU26
Listing:	The Trigger PLUS will not be listed on any securities exchange.

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Investment Summary

Trigger Performance Leveraged Upside Securities

Principal at Risk Securities

The Trigger PLUS Based on the Performance of the Invesco S&P\n500^® Equal Weight ETF due April 4, 2028 (the “Trigger PLUS”) can be used:

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

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

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

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Maturity:	Approximately 18 months
Leverage factor:	200%
Maximum payment at maturity:	$1,167.50 (116.75% of the stated principal amount) per Trigger PLUS
Trigger level:	90% of the initial share price
Minimum payment at maturity:	None. Investors may lose their entire initial investment in the Trigger PLUS.

Supplemental Terms of the Trigger PLUS

For purposes of the accompanying product\nsupplement, the Invesco S&P 500^® Equal Weight ETF is a “Fund.”

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Key Investment Rationale

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

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

Leveraged Performance	The Trigger PLUS offer investors an opportunity to capture enhanced returns for a certain range of positive performance relative to a direct investment in the ETF Shares.
Trigger Feature	At maturity, even if the ETF Shares have declined over the term of the Trigger PLUS, investors will receive their stated principal amount but only if the final share price is greater than or equal to the trigger level.
Upside Scenario	The ETF Shares increase in price and, at maturity, the Trigger PLUS pay the stated principal amount of $1,000 plus a return equal to 200% of the share percent increase, subject to the maximum payment at maturity of $1,167.50 (116.75% of the stated principal amount) per Trigger PLUS.
Par Scenario	The final share price is less than or equal to the initial share price but is greater than or equal to the trigger level. In this case, the Trigger PLUS pay the stated principal amount of $1,000 per Trigger PLUS at maturity even when the ETF Shares have depreciated.
Downside Scenario	The final share price is less than the trigger level. In this case, the Trigger PLUS pay an amount that is over 10% less than the stated principal amount and this decrease will be by an amount that is proportionate to the percentage decline of the final share price from the initial share price. (Example: if the ETF Shares decrease in price by 40%, the Trigger PLUS will pay an amount that is less than the stated principal amount by 40%, or $600 per Trigger PLUS.)

September 2026

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

How the Trigger PLUS Work

Payoff Diagram

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

\n \n \n \n \n \n \n \n \n \n \n \n \n

Stated principal amount:	$1,000 per Trigger PLUS
Leverage factor:	200%
Maximum payment at maturity:	$1,167.50 (116.75% of the stated principal amount) per Trigger PLUS
Trigger level:	90% of the initial share price

\n \n \n \n \n

Trigger PLUS Payoff Diagram

$\"\"$

How it works

\n\n

Upside\nScenario. If the final share price is greater than the initial share price, for each $1,000 stated principal amount Trigger\nPLUS, investors will receive the $1,000 stated principal amount plus a return equal to 200% of the appreciation of the ETF Shares\nover the term of the Trigger PLUS, subject to the maximum payment at maturity. An investor will realize the maximum payment at maturity\nat a final share price of 108.375% of the initial share price.

\n\n

§	Par\nScenario. If the final share price is less than or equal to the initial share price but is greater than or equal to the trigger\nlevel, investors will receive the stated principal amount of $1,000 per Trigger PLUS.

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

\n\n

§	Downside\nScenario. If the final share price is less than the trigger level, investors will receive an amount that is significantly\nless than the stated principal amount by an amount proportionate to the percentage decrease of the final share price from the initial\nshare price.

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

The hypothetical returns and hypothetical payments\non the Trigger PLUS shown above apply only if you hold the Trigger PLUS for their entire term. These hypotheticals do not reflect\nfees or expenses that would be associated with any sale in the secondary market. If these fees and expenses were included, the hypothetical\nreturns and hypothetical payments shown above would likely be lower.

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

Risk Factors

The following\nis a non-exhaustive list of certain key risk factors for investors in the Trigger PLUS. For further discussion of these\nand other risks, you should read the sections entitled “Risk Factors” of the accompanying prospectus supplement and the accompanying\nproduct supplement. We urge you to consult your investment, legal, tax, accounting and other advisers in connection with your investment\nin the Trigger PLUS.

Risks Relating\nto the Trigger PLUS Generally

\n\n

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

The appreciation potential of the Trigger PLUS is limited by the maximum\npayment at maturity. The appreciation potential of the Trigger PLUS is limited by the maximum payment\nat maturity of $1,167.50 (116.75% of the stated principal amount) per Trigger PLUS. Because the maximum payment at maturity will be limited\nto 116.75% of the stated principal amount for the Trigger PLUS, any increase in the final share price by more than 8.375% will not further\nincrease the return on the Trigger PLUS.

\n\n

The\nTrigger PLUS are subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., and any actual or anticipated\nchanges to our or JPMorgan Chase & Co.’s credit ratings or credit spreads may adversely affect the market value of\nthe Trigger PLUS. Investors are dependent on our and JPMorgan Chase & Co.’s ability to pay all amounts\ndue on the Trigger PLUS. Any actual or anticipated decline in our or JPMorgan Chase & Co.’s credit ratings or increase\nin our or JPMorgan Chase & Co.’s credit spreads determined by the market for taking that credit risk is likely to\nadversely affect the market value of the Trigger PLUS. If we and JPMorgan Chase & Co. were to default on our payment obligations,\nyou 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 activities\nand has limited assets. As a finance subsidiary of JPMorgan Chase & Co., we have no independent activities beyond\nthe issuance and administration of our securities and the collection of intercompany obligations. Aside from the initial capital contribution\nfrom JPMorgan Chase & Co., substantially all of our assets relate to obligations of JPMorgan Chase & Co. to\nmake payments under loans made by us to JPMorgan Chase & Co. or under other intercompany agreements. As a result, we are\ndependent upon payments from JPMorgan Chase & Co. to meet our obligations under the Trigger PLUS. We are not an operating\nsubsidiary of JPMorgan Chase & Co. and in a bankruptcy or resolution of JPMorgan Chase & Co. we are not expected\nto have sufficient resources to meet our obligations in respect of the Trigger PLUS as they come due. If JPMorgan Chase & Co.\ndoes 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\nby JPMorgan Chase & Co., and that guarantee will rank pari passu with all other unsecured and unsubordinated obligations\nof JPMorgan Chase & Co. For more information, see “Risk Factors — Holders of securities issued by JPMorgan Financial\nmay be subject to losses if JPMorgan Chase & Co. were to enter into a resolution” in the accompanying prospectus supplement.

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

We may accelerate your Trigger PLUS in our sole discretion and the calculation agent may adjust their final payment in good faith\nand in a commercially reasonable manner if an acceleration event occurs. Upon the announcement or occurrence of an acceleration\nevent, we may, in our sole and absolute discretion, accelerate the payment on your Trigger PLUS and pay you an amount determined by the\ncalculation agent in good faith and in a commercially reasonable manner by reference to the values of any fixed-income debt component\nand any derivatives underlying the economic terms of the Trigger PLUS

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

as of the date of the notice of acceleration.\nAn acceleration event means a Fund is delisted, liquidated or otherwise terminated and the calculation agent determines, in its sole discretion,\nthat no successor fund is available. If the payment on your Trigger PLUS is accelerated, your investment may result in a loss, and\nyou may not be able to reinvest your money in a comparable investment. Please see “The Underlyings — Funds — Discontinuation\nor Modification of a Fund” in the accompanying product supplement for more information.

Secondary trading may be limited. The\nTrigger PLUS will not be listed on a securities exchange. There may be little or no secondary market for the Trigger PLUS. Even if there\nis a secondary market, it may not provide enough liquidity to allow you to trade or sell the Trigger PLUS easily.\nJPMS 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\nwill participate significantly in the secondary market for the Trigger PLUS, the price at which you may be able to trade your Trigger\nPLUS is likely to depend on the price, if any, at which JPMS\nis willing to buy the Trigger PLUS. If at any time JPMS\nor another agent does not act as a market maker, it is likely that there would be little or no secondary market for the Trigger PLUS.

The tax consequences of an investment in the Trigger PLUS are uncertain. There\nis 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\na ruling from the IRS. The IRS might not accept, and a court might not uphold, the treatment of the Trigger PLUS described in “Additional\nInformation about the Trigger PLUS ― Additional Provisions ― Tax considerations” in this document and in “United\nStates Federal Taxation” in the accompanying\nprospectus supplement. If the IRS were successful in asserting\nan alternative treatment for the Trigger PLUS, the timing and character of any income or loss on the Trigger PLUS could differ materially\nand adversely from our description herein. Even if the treatment of the Trigger PLUS is respected, the IRS may assert that the\nTrigger PLUS constitute “constructive ownership transactions” within the meaning of Section 1260 of the Internal Revenue Code\nof 1986, as amended (the “Code”), in which case any gain recognized in respect of the Trigger PLUS that would otherwise be\nlong-term capital gain and that is in excess of the “net underlying long-term capital gain” (as defined in Section 1260) would\nbe treated as ordinary income, and a notional interest charge would apply as if that income had accrued for tax purposes at a constant\nyield over your holding period for the Trigger PLUS. Our special tax counsel has not expressed an opinion with respect to whether the\nconstructive ownership rules apply to the Trigger PLUS. In addition, in 2007 Treasury and the IRS released a notice requesting comments\non the U.S. federal income tax treatment of “prepaid forward contracts” and similar instruments. The notice focuses in particular\non whether to require investors in these instruments to accrue income over the term of their investment. It also asks for comments on\na number of related topics, including the character of income or loss with respect to these instruments; the relevance of factors such\nas the nature of the underlying property to which the instruments are linked; the degree, if any, to which income (including any mandated\naccruals) realized by non-U.S. investors should be subject to withholding tax; and whether these instruments are or should be subject\nto the constructive ownership regime described above. While the notice requests comments on appropriate transition rules and effective\ndates, any Treasury regulations or other guidance promulgated after consideration of these issues could materially and adversely affect\nthe tax consequences of an investment in the Trigger PLUS, possibly with retroactive effect.\nYou should review carefully the section entitled “United States Federal Taxation”\nin the accompanying prospectus supplement and consult\nyour tax adviser regarding the U.S. federal income tax consequences of an investment in the Trigger PLUS, including the potential application\nof the constructive ownership rules, possible alternative treatments and the issues presented by this notice.

Risks Relating\nto Conflicts of Interest

Economic interests of the issuer, the guarantor, the calculation agent, the agent of the offering of the Trigger PLUS and other\naffiliates of the issuer may be different from those of investors. We\nand our affiliates play a variety of roles in connection with the issuance of the Trigger PLUS, including acting as calculation agent\nand as an agent of the offering of the Trigger PLUS, hedging our obligations under the Trigger PLUS and making the assumptions used to\ndetermine the pricing of the Trigger PLUS and the estimated value of the Trigger PLUS, which we refer to as the estimated value of the\nTrigger PLUS. In performing these duties, our and JPMorgan Chase & Co.’s economic interests and the economic interests\nof the calculation agent and other affiliates of ours are potentially adverse to your interests as an investor in the Trigger PLUS. The\ncalculation agent has determined the initial share price, the trigger level and the final share price and will calculate the amount of\npayment you will receive at maturity, if any. Determinations made by the calculation agent, including with respect to the occurrence or\nnon-occurrence

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

of market\ndisruption events, the selection of a successor to the ETF Shares or calculation of the final share price in the event of a discontinuation\nof the ETF Shares, and any anti-dilution adjustments, may affect the payment to you at maturity.

In addition,\nour and JPMorgan Chase & Co.’s business activities, including hedging and trading activities, could cause our and\nJPMorgan Chase & Co.’s economic interests to be adverse to yours and could adversely affect any payment on the Trigger\nPLUS and the value of the Trigger PLUS. It is possible that hedging or trading activities of ours or our affiliates in connection with\nthe Trigger PLUS could result in substantial returns for us or our affiliates while the value of the Trigger PLUS declines. Please refer\nto “Risk Factors — Risks Relating to Conflicts of Interest” in the accompanying product supplement for additional information\nabout these risks.

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

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

The estimated value of the Trigger PLUS is lower than the original issue\nprice (price to public) of the Trigger PLUS. The estimated value of the Trigger PLUS is only an\nestimate determined by reference to several factors. The original issue price of the Trigger PLUS exceeds the estimated value of the Trigger\nPLUS because costs associated with selling, structuring and hedging the Trigger PLUS are included in the original issue price of the Trigger\nPLUS. These costs include the selling commissions, the structuring fee, the projected profits, if any, that our affiliates expect to realize\nfor assuming risks inherent in hedging our obligations under the Trigger PLUS, the estimated cost of hedging our obligations under the\nTrigger PLUS and the fees, if any, paid for third-party data analytics and/or electronic platform services. See “Additional Information\nabout 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\nof the Trigger PLUS and may differ from others’ estimates. The estimated value of the Trigger\nPLUS is determined by reference to internal pricing models of our affiliates. This estimated value of the Trigger PLUS is based on market\nconditions and other relevant factors existing at the time of pricing and assumptions about market parameters, which can include volatility,\ndividend rates, interest rates and other factors. Different pricing models and assumptions could provide valuations for the Trigger PLUS\nthat are greater than or less than the estimated value of the Trigger PLUS. In addition, market conditions and other relevant factors\nin the future may change, and any assumptions may prove to be incorrect. On future dates, the value of the Trigger PLUS could change significantly\nbased on, among other things, changes in market conditions, our or JPMorgan Chase & Co.’s creditworthiness, interest\nrate movements and other relevant factors, which may impact the price, if any, at which JPMS would be willing to buy Trigger PLUS from\nyou in secondary market transactions. See “Additional Information about the Trigger PLUS — The estimated value of the Trigger\nPLUS” in this document.

The estimated value of the Trigger PLUS is derived by reference to an internal\nfunding rate. The internal funding rate used in the determination of the estimated value of the\nTrigger PLUS may differ from the market-implied funding rate for vanilla fixed income instruments of a similar maturity issued by JPMorgan\nChase & Co. or its affiliates. Any difference may be based on, among other things, our and our affiliates’ view of\nthe funding value of the Trigger PLUS as well as the higher issuance, operational and ongoing liability management costs of the Trigger\nPLUS in comparison to those costs for the conventional fixed income instruments of JPMorgan Chase & Co. This\ninternal funding rate is based on certain market inputs and assumptions, which may prove to be incorrect, and is intended to approximate\nthe prevailing

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market replacement funding rate for the\nTrigger PLUS. The use of an internal funding rate and any potential changes to that rate may have an adverse effect on the\nterms of the Trigger PLUS and any secondary market prices of the Trigger PLUS. See “Additional Information about the Trigger PLUS\n— 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\non customer account statements) may be higher than the then-current estimated value of the Trigger PLUS for a limited time period.\nWe generally expect that some of the costs included in the original issue price of the Trigger PLUS\nwill 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\nover an initial predetermined period. These costs can include selling commissions, the structuring fee, projected hedging profits, if\nany, and, in some circumstances, estimated hedging costs, our internal secondary market funding rates for structured debt issuances and\nthe fees paid for third-party data analytics and/or electronic platform services. See “Additional Information about the Trigger\nPLUS — Secondary market prices of the Trigger PLUS” in this document for additional information relating to this initial period.\nAccordingly, the estimated value of your Trigger PLUS during this initial period may be lower than the value of the Trigger PLUS as published\nby 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.\nAny secondary market prices of the Trigger PLUS will likely be lower than the original issue price of the Trigger PLUS because,\namong other things, secondary market prices take into account our internal secondary market funding rates for structured debt issuances\nand, also, because secondary market prices may exclude selling commissions, the structuring fee, projected hedging profits, if any, estimated\nhedging costs and fees, if any, paid for third-party data analytics and/or electronic platform services that are included in the original\nissue 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\nmarket transactions, if at all, is likely to be lower than the original issue price. Furthermore, if you sell your Trigger PLUS, you will\nlikely be charged a commission for secondary market transactions, or the price will likely reflect a dealer discount and/or fees for use\nof an electronic platform to facilitate secondary market activity. Any sale by you prior to the maturity date could result in a substantial\nloss to you. See the immediately following risk factor for information about additional factors that will impact any secondary market\nprices of the Trigger PLUS.

The Trigger PLUS are not designed to be\nshort-term trading instruments. Accordingly, you should be able and willing to hold your Trigger PLUS to maturity. See “—\nRisks 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\nand market factors. The secondary market price of the Trigger PLUS during their term will be impacted by a number of\neconomic and market factors, which may either offset or magnify each other, aside from the selling commissions, structuring fee, projected\nhedging profits, if any, estimated hedging costs and the closing price of one ETF Share, including:

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

customary bid-ask spreads for similarly sized trades;

our internal secondary market funding rates for structured debt issuances;

the actual and expected volatility of the ETF Shares;

the time to maturity of the Trigger PLUS;

the dividend rates on the ETF Shares and the equity securities underlying the ETF Shares;

interest and yield rates in the market generally;

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

a variety of other economic, financial, political, regulatory and judicial events.

Additionally, independent pricing vendors\nand/or third party broker-dealers may publish a price for the Trigger PLUS, which may also be reflected on customer account statements.\nThis price may be different

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(higher or lower) than the price of the\nTrigger PLUS, if any, at which JPMS may be willing to purchase your Trigger PLUS in the secondary market.

Risks Relating to the ETF Shares

JPMorgan Chase & Co. is currently one of the companies that\nmake up the Invesco S&P 500^® Equal Weight ETF.\nJPMorgan Chase & Co. is currently one of the companies that make up the\nInvesco S&P 500^® Equal Weight ETF. JPMorgan Chase & Co. will not have any obligation to consider your\ninterests as a holder of the Trigger PLUS in taking any corporate action that might affect the value of the ETF Shares or the Trigger\nPLUS.

Investing in the Trigger PLUS is not equivalent to investing in the ETF\nShares. Investing in the Trigger PLUS is not equivalent to investing in the ETF Shares, the index tracked by the ETF Shares,\nwhich we refer to as the underlying index, or the stocks underlying the ETF Shares or the underlying index. Investors in the Trigger PLUS\nwill not have voting rights or rights to receive dividends or other distributions or any other rights with respect to the ETF Shares,\nthe underlying index or the stocks underlying the ETF Shares or the underlying index.

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

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

The performance and\nmarket value of the ETF Shares, particularly during periods of market volatility, may not correlate with the performance of the underlying\nindex as well as the net asset value per ETF Share. The Invesco S&P\n500^® Equal Weight ETF does not fully replicate the underlying index and may hold securities different from those included\nin the underlying index. In addition, the performance of the ETF Shares will reflect additional transaction costs and fees that are not\nincluded in the calculation of the underlying index. All of these factors may lead to a lack of correlation between the performance of\nthe ETF Shares and the underlying index. In addition, corporate actions with respect to the equity securities underlying the ETF Shares\n(such as mergers and spin-offs) may impact the variance between the performances of the ETF Shares and the underlying index. Finally,\nbecause the ETF Shares are traded on a securities exchange and are subject to market supply and investor demand, the market value of one\nETF Share may differ from the net asset value per ETF Share.

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

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

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

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Invesco S&P 500^® Equal Weight ETF\nOverview

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

The closing price of one ETF Share on September 30, 2026 was $208.02.\nThe following graph shows the closing prices of one ETF Share for each day from January 4, 2021 through September 30, 2026. We obtained\nthe closing price information above and in the graph below from the Bloomberg Professional^® service (“Bloomberg”),\nwithout independent verification. The closing prices may have been adjusted by Bloomberg for actions taken relating to the ETF Shares,\nsuch as stock splits.

The historical closing prices of one ETF Share should not be taken\nas an indication of its future performance, and no assurance can be given as to the closing price of one ETF Share on the valuation date.

\n \n \n \n \n \n \n \n \n

Invesco S&P 500^®\n Equal Weight ETF Historical Performance – Daily Closing Prices*

January 4, 2021 through\n September 30, 2026

$\"\"$

*The dotted line in the graph indicates the trigger level, equal to 90% of the initial share price.

This document relates only\nto the Trigger PLUS offered hereby and does not relate to the ETF Shares. We have derived all disclosures contained in this document\nregarding the Invesco S&P 500^® Equal Weight ETF from the publicly available documents described in the first paragraph\nunder this “Invesco S&P 500^® Equal Weight ETF Overview” section, without independent verification. \nIn connection with the offering of the Trigger PLUS, neither we nor the agent has participated in the preparation of such documents or\nmade any due diligence inquiry with respect to the Invesco S&P 500^® Equal Weight ETF. Neither we nor the agent\nmakes any representation that such publicly available documents or any other publicly available information regarding the Invesco S&P\n500^® Equal Weight ETF is accurate or complete. Furthermore, we cannot give any assurance that all events occurring\nprior to the date hereof (including events that would affect the accuracy or completeness of the publicly available documents described\nin the first paragraph under this “Invesco S&P 500^® Equal Weight ETF Overview” section) that would affect\nthe trading price of the ETF Shares (and therefore the price of the ETF Shares at the time the Trigger PLUS are priced) have been publicly\n

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disclosed. Subsequent\ndisclosure of any such events or the disclosure of or failure to disclose material future events concerning the Invesco S&P 500^®\nEqual Weight ETF could affect the value received at maturity, if any, with respect to the Trigger PLUS and therefore the trading prices\nof the Trigger PLUS.

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

The S&P 500^®\nEqual Weight Index. The S&P 500^® Equal Weight Index is an equal-weighted version of the S&P 500^®\nIndex. The S&P 500^® Index consists of stocks of 500 companies selected to provide a performance benchmark for the large\nmarket capitalization segment of the U.S. equity markets.

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Additional Information about the\nTrigger PLUS

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

\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

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 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:	\n The estimated value of the Trigger PLUS set forth on\n the cover of this document is equal to the sum of the values of the following hypothetical components: (1) a fixed-income debt component\n with the same maturity as the Trigger PLUS, valued using the internal funding rate described below, and (2) the derivative or derivatives\n underlying the economic terms of the Trigger PLUS. The estimated value of the Trigger PLUS does not represent a minimum price at which\n 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\n the determination of the estimated value of the Trigger PLUS may differ from the market-implied funding rate for vanilla fixed income\n instruments of a similar maturity issued by JPMorgan Chase & Co. or its affiliates. Any difference may be based on, among\n other things, our and our affiliates’ view of the funding value of the Trigger PLUS as well as the higher issuance, operational\n and ongoing liability management costs of the Trigger PLUS in comparison to those costs for the conventional fixed income instruments\n of JPMorgan Chase & Co. This internal funding rate is based on certain market inputs and assumptions, which may prove to\n be incorrect, and is intended to approximate the prevailing market replacement funding rate for the Trigger PLUS. The use of an internal\n 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\n prices of the Trigger PLUS. For additional information, see “Risk Factors — Risks Relating to the Estimated Value and Secondary\n Market Prices of the Trigger PLUS — The estimated value of the Trigger PLUS is derived by reference to an internal funding rate”\n in this document. The value of the derivative or derivatives underlying the economic terms of the Trigger PLUS is derived from internal\n pricing models of our affiliates. These models are dependent on inputs such as the traded market prices of comparable derivative instruments\n and on various other inputs, some of which are market-observable, and which can include volatility, dividend rates, interest rates and\n other factors, as well as assumptions about future market events and/or environments. Accordingly, the estimated value of the Trigger\n PLUS on the pricing date is based on market conditions and other relevant factors and assumptions existing at that time. See “Risk\n Factors — Risks Relating to the Estimated Value and Secondary Market Prices of the Trigger PLUS — The estimated value of the\n Trigger PLUS does not represent future values of the Trigger PLUS and may differ from others’ estimates” in this document. \n The estimated value of the Trigger PLUS is lower than the\n original issue price of the Trigger PLUS because costs associated with selling, structuring and hedging the Trigger PLUS are included\n in the original issue price of the Trigger PLUS. These costs include the selling commissions paid to JPMS and other affiliated or unaffiliated\n dealers, the structuring fee, the projected profits, if any, that our affiliates expect to realize for assuming risks inherent in hedging\n our obligations under the Trigger PLUS, the estimated cost of hedging our obligations under the Trigger PLUS and the fees, if any, paid\n for third-party data analytics and/or electronic platform services. Because hedging our obligations entails risk and may be influenced\n 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.\n A portion of the profits, if any, realized in hedging our obligations under the Trigger PLUS may be allowed to other affiliated or unaffiliated\n dealers, and we or one or more of our affiliates will retain any remaining hedging profits. See “Risk Factors — Risks Relating\n to the Estimated Value and Secondary Market Prices of the Trigger PLUS — The estimated value of the Trigger PLUS is lower than the\n original issue price (price to public) of the Trigger PLUS” in this document.
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

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\n \n \n \n \n \n \n \n \n \n

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 “United\n States Federal Taxation” in the accompanying prospectus supplement. The following discussion, when read in combination with\n that section, constitutes the full opinion of our special tax counsel, Davis Polk & Wardwell LLP, regarding the material U.S. federal\n income tax consequences of owning and disposing of the Trigger PLUS.

Based on current market conditions, in the opinion\n of our special tax counsel, it is reasonable to treat your Trigger PLUS as “open transactions” that are not debt instruments\n for U.S. federal income tax purposes, as more fully described in “United States Federal Taxation — Tax Consequences to U.S.\n Holders — Program Securities Treated as Prepaid Financial Contracts That are Open Transactions” in the accompanying prospectus\n supplement. Assuming this treatment is respected, subject to the possible application of the “constructive ownership”\n rules, the gain or loss on your Trigger PLUS should be treated as long-term capital gain or loss if you hold your Trigger PLUS for more\n than a year, whether or not you are an initial purchaser of the Trigger PLUS at the issue price. The Trigger PLUS could be treated\n as “constructive ownership transactions” within the meaning of Section 1260 of the Code, in which case any gain recognized\n in respect of the Trigger PLUS that would otherwise be long-term capital gain and that was in excess of the “net underlying long-term\n capital gain” (as defined in Section 1260) would be treated as ordinary income, and a notional interest charge would apply as if\n that income had accrued for tax purposes at a constant yield over your holding period for the Trigger PLUS. Our special tax counsel\n has not expressed an opinion with respect to whether the constructive ownership rules apply to the Trigger PLUS. Accordingly, U.S.\n Holders should consult their tax advisers regarding the potential application of the constructive ownership rules.

The IRS or a court may not respect the treatment of\n the Trigger PLUS described above, in which case the timing and character of any income or loss on your Trigger PLUS could be materially\n and adversely affected. In addition, in 2007 Treasury and the IRS released a notice requesting comments on the U.S. federal income\n tax treatment of “prepaid forward contracts” and similar instruments. The notice focuses in particular on whether to\n require investors in these instruments to accrue income over the term of their investment. It also asks for comments on a number\n of related topics, including the character of income or loss with respect to these instruments; the relevance of factors such as the nature\n of the underlying property to which the instruments are linked; the degree, if any, to which income (including any mandated accruals)\n realized by non-U.S. investors should be subject to withholding tax; and whether these instruments are or should be subject to the constructive\n ownership regime described above. While the notice requests comments on appropriate transition rules and effective dates, any Treasury\n regulations or other guidance promulgated after consideration of these issues could materially and adversely affect the tax consequences\n of an investment in the Trigger PLUS, possibly with retroactive effect. You should consult your tax adviser regarding the U.S. federal\n income tax consequences of an investment in the Trigger PLUS, including the potential application of the constructive ownership rules,\n possible alternative treatments and the issues presented by this notice.

Section 871(m) of the Code and Treasury regulations promulgated\n thereunder (“Section 871(m)”) generally impose a 30% withholding tax (unless an income tax treaty applies) on dividend equivalents\n paid or deemed paid to Non-U.S. Holders with respect to certain financial instruments linked to U.S. equities or indices that include\n U.S. equities. Section 871(m) provides certain exceptions to this withholding regime, including for instruments linked to certain\n broad-based indices that meet requirements set forth in the applicable Treasury regulations. Additionally, a recent IRS notice excludes\n from the scope of Section 871(m) instruments issued prior to January 1, 2027 that do not have a delta of one with respect to underlying\n securities that could pay U.S.-source dividends for U.S. federal income tax purposes (each an “Underlying Security”). \n Based on certain determinations made by us, our special tax counsel is of the opinion that Section 871(m) should not apply to the Trigger\n PLUS with regard to Non-U.S. Holders. Our determination is not binding on the IRS, and the IRS may disagree with this determination. \n Section 871(m) is complex and its application may depend on your particular circumstances, including whether you enter into other transactions\n with respect to an Underlying Security. You should consult your tax adviser regarding the potential application of Section 871(m)\n to the Trigger PLUS.

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 “Invesco S&P 500^® Equal Weight ETF Overview” in this document for a description of the market

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\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n

	\n exposure provided by the Trigger PLUS. \n The original issue price of the Trigger PLUS is equal to the\n estimated value of the Trigger PLUS plus the selling commissions paid to JPMS and other affiliated or unaffiliated dealers and the structuring\n fee, plus (minus) the projected profits (losses) that our affiliates expect to realize for assuming risks inherent in hedging our obligations\n under the Trigger PLUS, plus the estimated cost of hedging our obligations under the Trigger PLUS, plus the fees, if any, paid for third-party\n data analytics and/or electronic platform services.

Benefit plan investor considerations:	See “Benefit Plan Investor Considerations” in the accompanying product supplement.
Supplemental plan of distribution:	\n Subject to regulatory constraints, JPMS intends to use its reasonable\n efforts to offer to purchase the Trigger PLUS in the secondary market, but is not required to do so. JPMS,\n acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to Morgan Stanley Wealth Management.\n In addition, Morgan Stanley Wealth Management will receive a structuring fee as set forth on the cover of this document for each Trigger\n PLUS. \n We or our affiliate may enter into swap agreements or related hedge\n transactions with one of our other affiliates or unaffiliated counterparties in connection with the sale of the Trigger PLUS and JPMS\n and/or an affiliate may earn additional income as a result of payments pursuant to the swap or related hedge transactions. See “—\n Supplemental use of proceeds and hedging” above and “Use of Proceeds and Hedging” in the accompanying product supplement.
Validity of the Trigger PLUS and the guarantee:	In the opinion of Davis Polk & Wardwell LLP, as special products counsel to JPMorgan Financial and JPMorgan Chase & Co., when the Trigger PLUS offered by this pricing supplement have been issued by JPMorgan Financial pursuant to the indenture, the trustee and/or paying agent has made, in accordance with the instructions from JPMorgan Financial, the appropriate entries or notations in its records relating to the master global note that represents such Trigger PLUS (the “master note”), and such Trigger PLUS have been delivered against payment as contemplated herein, such Trigger PLUS will be valid and binding obligations of JPMorgan Financial and the related guarantee will constitute a valid and binding obligation of JPMorgan Chase & Co., enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to (x)(i) the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above or (ii) any provision of the indenture that purports to avoid the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law by limiting the amount of JPMorgan Chase & Co.’s obligation under the related guarantee or (y) the validity, legally binding effect or enforceability of any provision that permits holders to collect any portion of the stated principal amount upon acceleration of the Trigger PLUS to the extent determined to constitute unearned interest. This opinion is given as of the date hereof and is limited to the laws of the State of New York, the General Corporation Law of the State of Delaware and the Delaware Limited Liability Company Act, except that such counsel expresses no opinion as to (i) any law, rule or regulation that is applicable to JPMorgan Financial or JPMorgan Chase & Co., the indenture, the Trigger PLUS, the related guarantee (together with the indenture and the Trigger PLUS, the “Documents”) or such transactions solely because such law, rule or regulation is part of a regulatory regime applicable to any party to any of the Documents or any of its affiliates due to the specific assets or business of such party or such affiliate or (ii) any law, rule or regulation relating to national security. In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the indenture and its authentication of the master note and the validity, binding nature and enforceability of the indenture with respect to the trustee, all as stated in the letter of such counsel dated February 24, 2026, which was filed as an exhibit to the Registration Statement on Form S-3 by JPMorgan Financial and JPMorgan Chase & Co. on February 24, 2026.
Where you can find more information:	\n You should read this document together with the accompanying\n prospectus, as supplemented by the accompanying prospectus supplement, relating to our Series A medium-term notes of which these Trigger\n PLUS are a part, and the more detailed information contained in the accompanying product supplement. \n This document, together with the documents listed below, contains\n the terms of the Trigger PLUS and supersedes all other prior or contemporaneous oral statements as well as any other written materials\n including preliminary or indicative pricing terms, correspondence, trade ideas, structures for implementation, sample structures, stand-alone\n fact sheets, brochures or other educational materials of ours. You should carefully consider, among other things, the matters set forth\n in the “Risk Factors” sections of the accompanying prospectus supplement and the accompanying product supplement, as the Trigger\n PLUS involve risks not associated with

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JPMorgan Chase Financial Company LLC

Trigger PLUS Based on the Value of the Invesco S&P 500^® Equal Weight ETF due April 4, 2028

Trigger Performance Leveraged Upside Securities^SM

Principal at Risk Securities

\n \n \n \n

conventional debt securities. We urge you to consult your\n investment, legal, tax, accounting and other advisers before you invest in the Trigger PLUS.

You may access these documents on the SEC website at www.sec.gov\n as follows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):

• Product\n supplement no. 3-I dated April 17, 2026:

http://www.sec.gov/Archives/edgar/data/19617/000121390026045198/ea0285802-20_424b2.pdf\n

• Underlying supplement no. 1-I dated April 17, 2026:

http://www.sec.gov/Archives/edgar/data/19617/000121390026045209/ea0285802-11_424b2.pdf

• Prospectus supplement and prospectus, each dated April 17, 2026:\n

http://www.sec.gov/Archives/edgar/data/19617/000095010326005889/crt_dp245141-424b2.pdf

Our Central Index Key, or CIK, on the SEC website is 1665650,\n and JPMorgan Chase & Co.’s CIK is 19617.

As used in this document, “we,” “us,”\n and “our” refer to JPMorgan Financial.

“Performance Leveraged Upside Securities^SM”\n and “PLUS^SM” are service marks of Morgan Stanley.

September 2026

Page 17

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