摩根大通美股招股说明书(2025-02-11版)

preliminary ment is not complete and not anoffer tosell nordoes it securiti anyjurisdic sale is not Subjectto completion Februar y 7,2025 Februar y,2025 Registration 333- 270004 270004-01; Rule424(b)(2) dated ng dated April 13,2023,the prospect us and prospectus supplem addend dated 2024 orga Cha se Fina ncial panyLLC Stru cture stme nts ®, Guar ante organ Cha ●The notes rs who an uncapp ed 1.1505 anyappreci ation,or a capped, unlever Buffer Amount 15.00% ), of theleastperforming of the Nasdaq Index®, the and the refer to as the maturit Investo rs should be willingto forgointerest and dividen payme nts and al amount maturit notes are unsecured andunsubordinate an Chase Financi we refer to as JPMorgan whichis fullyanduncond an Chase & Co. payment on notes subject to thecredit risk of ganFinanc ial, asissuerof thenotes, JPMor as the notes. Payments on the notes to a composed of the Indices. the notes are linked the describ below. Minimu m denominations of $1,000and integral multiples thereof notes are expected to on or on or Februa 48136B SF9 Investi the notes involve s a numbe risks. See “Risk beginn accom panying prospe ctus A to the accom panyin gprospe ctus adden beginning on of the accom panying produc supplement “Select ed Risk Consid beginn the Securiti “SEC”)nor any state securiti es commis the notes or passed accura cy or the pricingsupplement orthe accom panying product prospectus prospectus and prospectusaddend um. representation to the offense Price to 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 $7.25 per$1,000principal “Plan of Distribut (Conflicts of productsupplement. the estima ted value of the approximately$983.90 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 mentsUncapped DualDirectio Buffered LeastPerforming ofthe Nasdaq-100 the Russell S&P500®Index Terms Issuer: JPMorgan Chase Financi a direct,whollyowned financesubsidiary ofJPMorg an Chase Guara ntor: JPMorgan Chase Indices Nasdaq -100 ticker: Russell 2000® ticker: 500® ticker: an “Index” collecti the “Indice Levera geFactor:At least 1.1505(to beprovided in the Amoun 15.00% Date: Date Date):On or Februa ation Date*: August21, 2026 Maturit Date*: August to postponementin theevent of a on under “Gener al Terms of Notes Postpo nement of a Date — Linked to MultipleUnderlyings”and “Gener al Termsof Notes Postponement of a nt Date” in the accom productsupplement greaterthan itsInitialValue, maturit y per$1,000principal amount Index Return × Upside Levera geFactor)If (i) the of one or more Indices greaterthan its or Indicesis equalto its than its Buffer Amount the Index is Value than its Buffer Amount payme nt at maturit y per$1,000 principal amount note will be $1,000+ ($1,000× Absolut This payoutformularesults effectiv 15.00% on yourreturn Return negative. Under limited circums tances,your maxim um payment at maturity is$1,150.00 per $1,000principal amount note.If than its Initial Value bymore than the Buffer Amount maturit y per$1,000principal amount [$1,000× (LeastPerfor Return Buffer Valueof anyIndex isless by more than the Buffer Amount , youwilllose some al amount at maturit Absolu te Index Return Index,the of its Return. For example, if theIndexReturn of an Index is-5%, itsAbsolut e Index Return will equal 5%. Perfor 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 mentsUncapped DualDirectio Buffered LeastPerforming ofthe Nasdaq-100 the Russell S&P500®Index ement Terms of the Notes er, andany therefro correct event of manife st error or inconsi stency,by ment of ment and the Notwith standin contrary in theindenture governing thenotes,that amend will becom e effectiv without notes or anyotherparty. Payout Profile The return maturit the to three Indices. “total return” as used in this the number expres sed as a percent age, that results from compar ma