摩根大通美股招股说明书(2026-03-13版)

Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. ●The notes are designed for investors who seek an uncapped return of at least 1.35timesany appreciation of the lesserperforming of the Russell 2000®Index and the State Street®SPDR®S&P MIDCAP 400®ETF Trust, which we refer to as the Underlyings, at maturity. ●Investors should be willing to forgo interest and dividend payments and be willing to lose a significant portion or all of ●The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer toas JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co.Any ●Payments on the notes are not linked to a basket composed of the Underlyings. Payments on the notes are linked to the ●Minimum denominations of $1,000 and integral multiples thereof●The notes are expected to price on or about March 13, 2026 and are expected to settle on or about March 18, 2026.●CUSIP: 46660RAB0 Investing in the notes involves a number of risks. See “Risk Factors” beginning on page S-2 of the accompanyingprospectus supplement, Annex A to the accompanying prospectus addendum, “Risk Factors” beginning on page PS-11of the accompanying product supplement and “Selected Risk Considerations” beginning on page PS-3 of this pricing Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapprovedof the notes or passed upon the accuracy or the adequacy of this pricing supplement or the accompanying product supplement,underlying supplement, prospectus supplement, prospectus and prospectus addendum. Any representation to the contrary is a (2) All sales of the notes will be made to certain fee-based advisory accounts for which an affiliated or unaffiliated broker-dealer is aninvestment adviser. These broker-dealers will forgo any commissions related to these sales. See “Plan of Distribution (Conflicts ofInterest)” in the accompanying product supplement. The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agencyand are not obligations of, or guaranteed by, a bank. Pricing supplement to product supplement no. 4-I dated April 13, 2023, underlying supplement no. 1-I datedApril 13, 2023,the prospectus and prospectus supplement, each dated April 13, 2023, and the prospectus addendum dated June 3, 2024 Key Terms Issuer:JPMorgan Chase Financial Company LLC, a direct,wholly owned finance subsidiary of JPMorgan Chase & Co. If the Final Value of each Underlying is greater than its InitialValue, your payment at maturity per $1,000 principal amount Underlyings:The Russell 2000®Index (Bloomberg ticker:RTY) (the “Index”) and the State Street®SPDR®S&P MIDCAP $1,000 + ($1,000 × Lesser Performing Underlying Return × If the Final Value of either Underlying is equal to or less than itsInitial Value but the Final Value of each Underlying is greaterthan or equal to its Barrier Amount, you will receive the principal Barrier Amount:With respect to each Underlying, 70.00% of If the Final Value of either Underlying is less than its BarrierAmount, your payment at maturity per $1,000 principal amount Pricing Date:On or about March 13, 2026 Original Issue Date (Settlement Date):On or about March 18, $1,000 + ($1,000 × Lesser Performing Underlying Return) If the Final Value of either Underlying is less than its Barrier Observation Date*:March 13, 2031 Amount, you will lose more than 30.00% of your principal Maturity Date*:March 18, 2031 * Subject to postponement in the event of a market disruption eventand as described under “General Terms of Notes — Postponement ofa Determination Date — Notes Linked to Multiple Underlyings” and“General Terms of Notes — Postponement of a Payment Date” in theaccompanying product supplement Lesser Performing Underlying:The Underlying with theLesser Performing Underlying Return Lesser Performing Underlying Return:The lower of the Underlying Return: Initial Value:With respect to each Underlying, the closing value Final Value:With respect to each Underlying, the closing value Share Adjustment Factor:The Share Adjustment Factor isreferenced in determining the closing value of the Fund and isset equal to 1.0 on the Pricing Date. The Share AdjustmentFactor is subject to adjustment upon the occurrence of certain Supplemental Terms of the Notes Any values of the Underlyings, and any values derived therefrom, included in this pricing supplement may be corrected, in the event ofmanifest error or inconsistency, by amendment of this pricing supplement and the corresponding terms of the notes. Notwithstanding Hypothetical Payout Profile The following table and graph illustrate the hypothetical total return and payment at maturity on the notes linked to two hypotheticalUnderlyings. The “total return” as used in this pricing supplement is the number, expressed as a percentage, that results from ●an Ini