JPMorgan Offers Notes Reflecting Market Exposure

JPMorgan Chase & Co. is offering notes that reflect the risk-return profile and market exposure provided by the investment.

The original issue price of the notes is equal to the estimated value of the notes plus or minus the projected profits or losses that JPMorgan's affiliates expect to realize for assuming risks inherent in hedging their obligations under the notes, plus the estimated cost of hedging their obligations under the notes, and fees paid for third-party data analytics and/or electronic platform services.

The validity of the notes and the guarantee is based on an opinion by Davis Polk & Wardwell LLP, which states that when the notes have been issued and delivered against payment, they will be valid and binding obligations of JPMorgan Financial and the related guarantee will constitute a valid and binding obligation of JPMorgan Chase & Co.