JPMorgan Issues Uncapped Return Notes Linked to Joby Aviation and VanEck Semiconductor ETF

JPMorgan Chase Financial Company LLC is issuing Uncapped Return Enhanced Notes linked to the lesser performing of Joby Aviation, Inc. (JOBY) and VanEck Semiconductor ETF (SMH). The notes are fully guaranteed by JPMorgan Chase & Co.

The notes offer an uncapped return of at least 2.80 times any appreciation of the lesser performing stock or ETF at maturity. However, investors will forgo interest and dividend payments and may lose some or all of their principal amount at maturity.

The Strike Value of each underlying is determined by reference to the closing value on October 1, 2026, not the pricing date. The notes are expected to price on or about October 2, 2026, and settle on or about October 7, 2026. The estimated value of the notes would be approximately $870.00 per $1,000 principal amount note if priced today.