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JPMorgan Chase Financial Company LLC Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. Market Linked Securities |
Filed Pursuant to Rule 433 Registration Statement Nos. 333-270004 and 333-270004-01 |
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Market Linked Securities — Auto-Callable with Contingent Downside Principal at Risk Securities Linked to the Lowest Performing of the S&P 500® Index, the Russell 2000® Index and the EURO STOXX 50® Index due April 19, 2029 Fact Sheet dated March 31, 2026 to Preliminary Pricing Supplement dated March 31, 2026 |
Summary of Terms
| Issuer: | JPMorgan Chase Financial Company LLC |
| Guarantor: | JPMorgan Chase & C0. |
| Indices: | S&P 500® Index (Bloomberg ticker: SPX), Russell 2000® Index (Bloomberg ticker: RTY) and EURO STOXX 50® Index (Bloomberg ticker: SX5E) |
| Pricing Date1: | April 15, 2026 |
| Issue Date1: | April 20, 2026 |
| Stated Maturity Date1, 2: | April 19, 2029 |
| Principal Amount: | $1,000 per security (100% of par) |
| Automatic Call: | If the closing level of the lowest performing Index on any call date is greater than or equal to its starting level, the securities will be automatically called for the principal amount plus the call premium applicable to the relevant call date. See “Call Dates and Call Premiums” on page 2. |
| Call Dates1, 2 and Call Premiums: | The call premium applicable to each call date will be a percentage of the principal amount that increases for each call date based on a simple (non-compounding) return of approximately at least 17.35% per annum. See “Call Dates and Call Premiums” on page 2. |
| Call Settlement Date1, 2: | Three business days after the applicable call date, provided that the call settlement date for the final call date is the stated maturity date |
| Maturity Payment Amount (per Security): |
If the securities are not automatically called: · if the ending level of the lowest performing Index on the final calculation day is greater than or equal to its threshold level: $1,000; or · if the ending level of the lowest performing Index on the final calculation day is less than its threshold level: $1,000 + ($1,000 × index return of the lowest performing Index on the final calculation day) |
| Lowest
Performing Index: |
For any call date, the “lowest performing Index” will be the Index with the lowest index return on that call date. |
| Starting Level: | For each Index, its closing level on the pricing date |
| Ending Level: | For each Index, its closing level on the final calculation day |
| Threshold Level: | For each Index, 75% of its starting level |
| Index Return: | For each Index on any call date, (closing level on that call date – starting level) / starting level |
| Calculation Agent: | J.P. Morgan Securities LLC (“JPMS”) |
| Denominations: | $1,000 and any integral multiple of $1,000 |
| CUSIP: | 46660RMF8 |
| Fees and Commissions: | Up to 2.575% for Wells Fargo Securities, LLC (“WFS”); WFS has advised us that dealers, including Wells Fargo Advisors (“WFA”), may receive 2.00% of WFS’s fee, and WFA may also receive a distribution expense fee of 0.075%. In addition, in respect of certain securities sold in this offering, JPMS may pay a fee of up to 0.30% to selected dealers in consideration for marketing and other services in connection with the distribution of the securities to other dealers. |
| Tax Considerations: | See the preliminary pricing supplement. |
1 Subject to change 2 Subject to postponement |
Hypothetical Payout Profile*
* Assumes a call premium for each call date equal to the minimum call premium for that call date
If the securities are not automatically called and the ending level of the lowest performing Index on the final calculation day is less than its threshold level, you will have full downside exposure to the decrease in the level of that Index from its starting level, and you will lose more than 25%, and possibly all, of the principal amount of your securities at maturity.
Any positive return on the securities will be limited to the applicable call premium, even if the closing level of the lowest performing Index on the applicable call date significantly exceeds its starting level. You will not participate in any appreciation of any Index beyond the applicable call premium.
The securities are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to as JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co. Any payment on the securities is subject to the credit risk of JPMorgan Financial, as issuer of the securities, and the credit risk of JPMorgan Chase & Co., as guarantor of the securities.
If the securities priced on the date of the accompanying preliminary pricing supplement, the estimated value of the securities would be approximately $966.90 per security. The estimated value of the securities, when the terms of the securities are set, will be provided in the pricing supplement and will not be less than $940.00 per security. See “The Estimated Value of the Securities” in the preliminary pricing supplement for additional information.
Preliminary Pricing Supplement: http://www.sec.gov/Archives/edgar/data/19617/000121390026037
571/ea0284421-01_424b2.htm
The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Risk Factors” in the accompanying prospectus supplement and the accompanying product supplement, Annex A to the accompanying prospectus addendum and “Selected Risk Considerations” in the accompanying preliminary pricing supplement.
The securities are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank.
THIS FACT SHEET DOES NOT PROVIDE ALL OF THE INFORMATION THAT AN INVESTOR SHOULD CONSIDER PRIOR TO MAKING AN INVESTMENT DECISION. This fact sheet should be read in conjunction with the accompanying preliminary pricing supplement, prospectus, prospectus supplement, prospectus addendum, product supplement and underlying supplement.
Call Dates and Call Premiums
| Call Date | Call Premium† |
| April 20, 2027 | At least 17.350% of the principal amount |
| May 20, 2027 | At least 18.796% of the principal amount |
| June 21, 2027 | At least 20.242% of the principal amount |
| July 20, 2027 | At least 21.688% of the principal amount |
| August 20, 2027 | At least 23.133% of the principal amount |
| September 20, 2027 | At least 24.579% of the principal amount |
| October 20, 2027 | At least 26.025% of the principal amount |
| November 22, 2027 | At least 27.471% of the principal amount |
| December 20, 2027 | At least 28.917% of the principal amount |
| January 20, 2028 | At least 30.363% of the principal amount |
| February 22, 2028 | At least 31.808% of the principal amount |
| March 20, 2028 | At least 33.254% of the principal amount |
| April 20, 2028 | At least 34.700% of the principal amount |
| May 22, 2028 | At least 36.146% of the principal amount |
| June 20, 2028 | At least 37.592% of the principal amount |
| July 20, 2028 | At least 39.038% of the principal amount |
| August 21, 2028 | At least 40.483% of the principal amount |
| September 20, 2028 | At least 41.929% of the principal amount |
| October 20, 2028 | At least 43.375% of the principal amount |
| November 20, 2028 | At least 44.821% of the principal amount |
| December 20, 2028 | At least 46.267% of the principal amount |
| January 22, 2029 | At least 47.713% of the principal amount |
| February 20, 2029 | At least 49.158% of the principal amount |
| March 20, 2029 | At least 50.604% of the principal amount |
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April 16, 2029 (the “final calculation day”) |
At least 52.050% of the principal amount |
† To be provided in the pricing supplement
Selected Risk Considerations
The risks set forth below are discussed in detail in the “Selected Risk Considerations” section in the accompanying preliminary pricing supplement, the “Risk Factors” sections in the accompanying prospectus supplement and product supplement and Annex A to the accompanying prospectus addendum. Please review the risk disclosure carefully.
| · | If the Securities Are Not Automatically Called and the Ending Level of the Lowest Performing Index on the Final Calculation Day Is Less Than Its Threshold Level, You Will Lose More Than 25%, and Possibly All, of the Principal Amount of Your Securities at Maturity. |
| · | The Potential Return on the Securities Is Limited to the Call Premium. |
| · | You Will Be Subject to Reinvestment Risk. |
| · | The Securities Are Subject to the Credit Risks of JPMorgan Financial and JPMorgan Chase & Co. |
| · | As a Finance Subsidiary, JPMorgan Financial Has No Independent Operations and Has Limited Assets. |
| · | You Are Exposed to the Risk of Decline in the Level of Each Index. |
| · | Your Maturity Payment Amount Will Be Determined by the Lowest Performing Index. |
| · | You Will Be Subject to Risks Resulting from the Relationship Among the Indices. |
| · | No Interest or Dividend Payments or Voting Rights. |
| · | Lack of Liquidity |
| · | The Final Terms and Estimated Valuation of the Securities Will Be Provided in the Pricing Supplement. |
| · | The U.S. Federal Tax Consequences of the Securities Are Uncertain, and May Be Adverse to a Holder of the Securities. |
| · | Potential Conflicts |
| · | The Estimated Value of the Securities Will Be Lower Than the Original Issue Price (Price to Public) of the Securities. |
| · | The Estimated Value of the Securities Does Not Represent Future Values of the Securities and May Differ from Others’ Estimates. |
| · | The Estimated Value of the Securities Is Derived by Reference to an Internal Funding Rate. |
| · | The Value of the Securities as Published by JPMS (and Which May Be Reflected on Customer Account Statements) May Be Higher Than the Then-Current Estimated Value of the Securities for a Limited Time Period. |
| · | Secondary Market Prices of the Securities Will Likely Be Lower Than the Original Issue Price of the Securities. |
| · | Many Economic and Market Factors Will Impact the Value of the Securities. |
| · | Each of JPMorgan Chase & Co. and Wells Fargo & Company (the Parent Company of WFS) Is Currently One of the Companies that Make Up the S&P 500® Index. |
| · | An Investment in the Securities Is Subject to Risks Associated with Small Capitalization Stocks with Respect to the Russell 2000® Index. |
| · | The Securities Are Subject to Non-U.S. Securities Risk with Respect to the EURO STOXX 50® Index. |
| · | No Direct Exposure to Fluctuations in Foreign Exchange Rates with Respect to the EURO STOXX 50® Index. |
| · | Any Payment on the Securities Will Depend upon the Performance of Each Index and Therefore the Securities Are Subject to the Risks Associated with Each Index, Each as Discussed in the Accompanying Preliminary Pricing Supplement and Product Supplement. |
SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and this offering. You may get these documents without cost by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., any agent or any dealer participating in this offering will arrange to send you the prospectus and each prospectus supplement as well as any product supplement, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248.
As used in this fact sheet, “we,” “us” and “our” refer to JPMorgan Financial Company LLC. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
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