摩根大通美股招股说明书(2025-01-02版)

preliminary ment is not complete and not anoffer tosell nordoes it securiti anyjurisdic sale is not Subjectto completion datedDecember 31,2024 January, 2025Registration Statement Nos.333-270004 and333-270004-01; Rule productsupplement no.3-I datedApril 13,2023,the April 13,2023,and theprospect addend um dated June 3,2024 organ Cha se Fina ncial pany Stru cture stme nts , an Guar ante organ Cha The notes Dow Industri Index® refer to as the over the notes.• Investo rs should dividen payments, while at least95.00%of theirprincip al at maturit notes are unsecu unsubo rdinate obligati ons of JPMorgan Chase Financi which we refer to as JPMorgan payment on and unconditionallyguarant an Chase the notes subjec t to the of the notes,and the gan Chase & Co.,as guaran tor of the notes. the notes to a Indices. the notes perform Indices individu below. Minimu m $1,000 integralmultiples thereof •The notes are on or about and are settle 2025.• Investi notes involve s a numbe risks. beginning on S-2 of the accom gprospe ctus supple ment,Annex A to the accom panying prospe Factor beginning on accom panying produc “Select ed Risk Consid eration beginning on PS-4 of Neither the Securiti Exchan Commi ssion nor any state securiti es commis sion approved or the notes or passed accura adequa ment or the accom gproduct underlying prospectus prospectus prospe ctus addend um. representationto thecontrar y is acriminaloffense Price to (1) Fees Commi ssions Procee Issuer Per $ Total $$ $ (1) See“Supplemental Use ofProceeds” in thispricing supplement forinformation about components of the priceto publicof thenotes. (2) J.P.MorganSecurities LLC, whichwe referto asJPMS, JPMorg an Financia of thesellingcommissions it receivesfrom usto otheraffiliated or unaffiliat dealers. In noeventwillthese sellingcommis $30.00 per$1,000principal “Plan of Distribut (Conflicts of productsupplement. the estima ted value of the approximately$953.00 per amoun t note. estima ted the are ment principal amoun t note. See Estima ted additio inform The notes are not deposits, are insured by theFederalDepositInsuran ce any other governmentalagency and are or guaranteed by,a bank. PS-1 | Structu Invest JonesIndustria Average KeyTerms Issuer: JPMorgan Chase Financi a direct,whollyowned financesubsidiary ofJPMorg an Chase Guara ntor: JPMorgan Chase Dow Jones Industri Averag (Bloombergticker: INDU),the Nasdaq -100 Index®(Bloombergticker: Russell 2000® ticker: RTY)Participation Rate:At least113.00% (to be 2025 Original Date 2025 Observ Date*: Maturit Date*: Subjectto postponement in the event of a market disruption eventand asdescribe d under“General Termsof Notes Postponementof a DeterminationDate —Notes Linked MultipleUnderlyi ngs” and“General Termsof Notes Postponementof a Payment Date”in theaccomp anyingproductsupplement greaterthan itsInitialValue, at maturit receive amountnote, of$1,000plus the Additio Amount Index is Value,your payment atmaturity will be calculat $1,000+ ($1,000× Least Perfor Return) event,howeve the payment atmaturit $950.0 0 per$1,000principal Valueof anyIndex isless lose upto 5.00%of your principal amountat maturit are entitled to repayment ofat least $950.0 al amountnote atmaturit risks of JPMorgan Financi al and JPMorgan Chase Additio Amoun t:The Additio Amount maturit y per $1,000principal amount note will equal:$1,000 × Least Return × Participation Rate Perfor ming Index: The with the Return Perfor Index Return lowest Return Indices respectto eachIndex,(Final Value – respectto eachIndex,the on the Value: respectto each Index,the that on the ation Date PS-2 | Structu Invest JonesIndustria Average Supplement Terms of the Notes Anyvaluesof the Indices,and anyvalues derived include d in this event manife or inconsi stency,by amend pricing and the corresp ondingterms Notwith standin anythin g to thecontrary in theindentu re governing thenotes, that amend ment will becom effectiv without of the notes party.Hypot Payout Profile and graphillustrate the maturit notes linked Indices. The hypothetical assum followin g:•an Perfor 100.00; Rate of of 100.00 been chosen for illustrati ve not represent a Index. The Value the and will provided in the For historical dataregarding the actual Index,pleasesee thehistoric al information setforth under maturit is for illustrati ve purpos es onlyand maynot be the actual maturit applicable to a notes. The number appeari and been rounde ease of analysis. Value mingIndexReturn Additio Amount Payment atMaturit 165.0065.00%$734.5 $1,73