摩根大通美股招股说明书(2025-01-22版)

dated April 13,2023,underlying dated April 13,2023,the prospect us and prospectus supplem addendum datedJune 3,2024 prelimin ment is not complete and arypricingsupplementis not anoffer tosell nordoes it securiti offer or sale is not Subjectto completion dated , 2025RegistrationStateme 270004 333-270004-01; Rule424(b)(2 orga Cha se Fina ncial panyLLC Stru cture stme nts ® Guar ante organ Cha Co. The notes rs who an uncapp ed 1.50 times anyappreci ation of lesser perform and the 500® refer to as the maturit stors should be willingto forgointerest dividen payme nts and some al amount maturit The notes are unsecured andunsubordinate d an Chase Financi we referto as JPMorgan whichis fullyanduncond itionallyguaranteed byJPMorg an Chase & Co. payment on the notes subject to thecredit risk of ial, asissuerof thenotes, the JPMor as the notes. notes to a basket Indices. notes are Indicesindividually, asdescrib ed below. Mini mum $1,000 integralmultiples thereof The notes are on or about and are settle on or 2025. SIP: 48136B LY5 Investi notes involve s a numbe Factor beginning on the accom panying prospectus A to the accom panying prospectus adden “Risk beginn accom panying t “Select ed Risk Consid eration beginning on pricing Neither the Securiti Exchan ge nor anystate securiti es commis approv the notes or passed upon the accura pricing supplement orthe accom panying underlying ment,prospe ctus supple ment,prospe ctus prospectus addend um. representationto the contrary is acriminaloffense .Price Public Per Total $$ $(1)See“Supple mentalUse ofProceeds” in this on about components of the priceto publicof thenotes. (2) J.P.MorganSecurities LLC, which actingas agentforJPMorg an Financia of thesellingcommissionsit receivesfrom usto otheraffiliated or unaffiliat dealers. In noeventwillthese $4.50 per$1,000principal “Plan of Distributi on (Conflicts of productsupplement.Ifthe notes estima ted notes would be approx principal amoun tnote. The estima ted value of the the notes are the $960.0 al amoun t note. See Estima Value of the additio inform notes are not deposit FederalDepositInsurance anyother obligations of,or guaranteed by,a bank. PS-1 | Structu Invest ments Accelera to the LesserPerforming ofthe Russell2000®Indexand the Index Terms Issuer: JPMorgan Chase Financi Compa ny LLC,a ownedfinancesubsidiary of JPMorgan Chase Guara ntor: JPMorgan Chase Indices Russell 2000® S&P 500® an “Index” collecti UpsideLevera Factor: At least1.50 (tobe provide d in the Barrier respect to eachIndex,70.00%of its PricingDate: 2025 Original Date 2025 Observ Date*: Maturit Date*: 2029* Subjectto postpo nement of a market on event and as under “Gener al Termsof Notes Postponement of a Date — Notes Linked to Multiple “Gener al of Notes Postponementof a Date” accom panying product Maturit of eachIndex isgreaterthan its Initial Value,your payme nt at maturit y per$1,000 principal amountnotewill be calculat $1,000+ ($1,000× Return × UpsideLevera Value Index is than its thanor Amount receive the principal amount of yournotesat maturit either Index is than its Barrier Amount payme nt at maturit y per$1,000 principal amount note will be $1,000+ ($1,000× of either Index is Amount will lose more 30.00% amountat maturity and couldlose allof yourprincip al amount at maturit Lesser Perfor ming Index: The with the Return Lesser Perfor ming Index Return Return Indices respectto eachIndex,(Final Value – respectto eachIndex,the on the Value: respectto each Index,the that on the ation Date red Invest ments Accelera Barrier NotesLinkedto theLesser Performing oftheRussell2000® Indexand theS&P500® Index ement Terms of the Notes Anyvalueof any underli er, andany 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 hypotheticaltotalreturn and payment atmaturit to two Indices. The “total return” as used in ment is number expressed as a percent results from comparingthepayment at maturit y per$1,000princip al amountnote to$1,000. The hypotheticaltotal returns payments set forth below assum followin g: an Initial for the 100.00; ge Factor a Barrier Perfor 70.00% of its Value).The hypothetical Lesser Perfor 100.00 been chosen for illustrati ve purpos es onlyand represent a Initial either Index. The Value the and will provided i