摩根大通美股招股说明书(2026-05-11版)

MAY2026 S&P 500?DailyRisk Control10%Index Backtested using proxies Backtested Actual Selected Risks JPMorgan Chase & Co, is currently one of the companies that make up the underlying indexThe Index may not be successful and may not outperform or underperform the underlying indexThe Index may not approximate its target volatility of 10%The daily adjustment of the exposure of the Index to the underlying index may cause the Index not to reflect fully any appreciation of the underlying index or to magnify any depreciatiothe underlying indexThendexmay besignificantly uninvested, whichwllresultiaportionof thendexrefectingretuThe level of the Index reflects the deduction of a notional financing costThe Index's methodology for calculating the notionalfinancing cost was recently changed The risks identified above are not exhaustive. You should also review carefully the related"Risk Factors"section in the relevant product supplement and underlying supplement and the"SelectConsiderations" in the relevant term sheet or pricing supplement. Disclaimer Important Information The informationcontainedinthisdocumentisfordiscussionpurposesonlyAnyinfomationrelatingtoperformancecontainedinthesematerialsisillustrativeandnoassuranceisgiventhat anyindicative returns, performance or results, whether historical or hypothetical, will be achieved. ll information herein is subject to change without notice, however, J.P. Morgan undertakes no dupdate this information. In the event of any inconsistency between the information presented herein and any offering documents,the offering documents shall goverm. Use of hypothetical backtested returnsAny backtested historical performance information included herein is hypothetical. The constituents and proxy constituents may not have traded together in the manner shown in the hypot backtest of the Index included herein,and norepresentation is being made that the Index will achievesimilarper The results obtained from backtesting information should not be considered indicative of the actual results that might be obtained from an investment or participation in a financial instrumthmarialshthticaltoricllespdheinheeedinddharuchthticaloallshhnlmitatteaivlations,techniques,modeling or assumptie5 might produceaterially, from the hypotheticalbacktested returns and allocations presented in this document. HISTORICAL AND BACKTESTED PERFORMANCE AND ALLOCATIONS ARE NOT INDICATIVE OF FUTURE RESULTS. Investment suitability must be determined individually for each investor, and investments linked to the Index may not be suitable for all investors. This material is not a product of J.p. Morga incorporated by reference in, and should not be considered part of, this document. This monthly update document replaces and supersedes all prior written materials of this type previouslywith respect to the Index.