摩根大通美股招股说明书(2026-06-03版)

NorthAmericaStructuredInvestments 5yrMQUSTVABufferedEquityNotes Thefllowing isasummaryof thetermsof thenotesofferedbythepreliminarypricingsupplement hyperlinked below. Hypothetical ExampPayable Upon Automatic IndexOverview assettowhichtheetargetingalevelof impliedvolatility.withamaximumexpoXOcing cost. Prior to the AAmendment EffectiveDate,theUnderlyingAssetwasoftheUnderlyingjectto a notional finadaily.The investment objective of the QQQ Fund is to seek to trackthe investment results, before fees and expenses,ofthe Nasdaq-100 Index Summary of Terms Issuer:Minimum Denomination:Underlying: $1,000 The MerQube US Tech+ Vol Advantage Index (Bloomberg ticker: MQUSTVA). The level of theFund is subject to a notional financing cost that accrues daily.30.00g PricingDate:Final Review Date:MaturityDate:y PricingSupplement:Estimated Value: 30.n025.2026June 25,203146661AJN1 http://sp.jpmorgan.com/document/cusip/46661AJN1/doctype/Product_Termsheet/document.pdf Theestimatedvalueofthenotes,whenthetermsofthenotes areset.wllnot belessthans90o.00perseethehyperlinkabovelitriskof JPMorganChase Automatic Call Date,payableontheapplicabieCalSetliementDateNofurherpaymentswilbemadeonthenotes. Neither the Securities and Exchange Commi Payment At Maturity If the notes have not been automatically called and the Final Value is less than the Initial Value by up to the Buffer Amount, you will TheCThe "total return' as used above is the numb receivethe Rriveinal mers1.000+[$1,000×(UnderlyingRetun+BufferAmount) fthenotes havenotbeenautomaticallycalledandtheFinalValue is lessthan the InitialValuebymorethan theBufferAmount,you wil onthenotesshow do notreflectfees orexpenses that wouldbeesandexpense the preliminary pricing supplement. Investing in the notes linked to the Underlying involves a number of risks. See "Selected Risks" on page 2 of this document, J.P.MorganStructuredInvestments/18005763529ljpm_structured_investments@jpmc Selected Risks Selected Risks (continued) Risks Relating to the Notes Generally Risks Relating to the Estimated Value and'Secondary Market PricesThe estimated value of the notes will be lower than the original issue p The level of the Underlying will include a 6.0% per annum daily deduction.The level of the Underlying will include the deduction of a notional financing cost.and JPMorgan Chase & Co. Therefore the value of the notes prior to maturity will be subject to changesThe value of the notes, which may be reflected in customer account stin the market's view of the creditworthiness of JPMorgan Chase Financial Company LLC or JPMorganRisks Relating to the UnderlyingChase& Conce subsidiary, JPMorgan Chase Financial Company LLC has no independent activities andnas limited assets.The appreciation potential of the notes is limited to any Call Premium Amount paid on the notes.The automatic call feature may force a potential early exitnts, dividend payments or voting rightsLackofliquidity J.P.MorganSecuritiesLLC (whowerefertoas"JPMS"),intends tooffertopurchasthe notes in the secondary market but is not required to do so. The price, if any, at which JPMS will beyour principal.The tax consequencesofthenotes may beuncertain.Youshould consult your tax adviserregardingthe U.S. federal income tax coonsequencesofaninvestmentinthenotes.flictsofInterestconflicts: We and our affliates play a variety of roles in connection with the issuance of thenotes, including acting as calculation agent and hedging our obligations under the notes, and makingthe assumptions used to determine the pricing of the notes and the estimated value of the notes whenthe terms of the notes are set. It is possible that such hedging or other trading activities of J.P. Morganorits affiliates could result in substantial returns for J.P.Morgan and its affiliates while the value of theOurffliate,JMS,worked withMQub(thendxSpon)indvepingtheguidelinsandnotes declinespolicies governing the composition and calculation of the Underlying. The estimated value of the notes is determined by reference to an inteThe estimated value of the notes does not represent future values ancestimates.the then-current estimated value of the notes for a limited time period. The Index Sponsor may adjust the Index in a way that affects its level,obligation to consider your interestsThe Underlying may not be successful or outperform any alternative sirespect of the Underlying Asset.The Underlying may not approximate its target volatility.The Underlying is subject to risks associated with the use of significanThe Index may be adversely affected by a "volatility drag" effectThe Underlying may be significantly uninvested.ent inthe notes will be subject torisks associated withnonThe QQQ Fund is subject to management riskmay not correlate with the performance of the QQQ Fund's underlyingHypotheticalback-tested data relating to the Index donot representacvaluepersharesubject to inherent limitations, and the historical and hypothetical backare not indications of it