摩根大通美股招股说明书(2026-08-06版)

NorthAmericaStructuredInvestments 5yrNC6m MQUSSVA Auto Callable Contingent Interest Notes The fllowing is a summary of the terms of thenotes ffered by the preliminary pricing supplement hyperinked below. Hypothetical Payment e IndexOverview llingpositioninE-MiniRussell2000futures(the"FuturesContracts"),whichreferencetheRussell2000Index(theexposuretotheFutures Contractsof0%.Theindex is subjectoa6.0%perannum dailydeduction.TheConstituentconsistsofthemiddlend,asaresultoftheindexsegment of the U.S.equity market. SummaryofTerms JPMorgan Chase Financial CompanyLLCJPMorganChase&Co ssuer:Guarantor:iderlying: MerQube US Small-Cap Vol Advantage Index (Bloomberg ticker: MQUSSVA). The level of theUnderlyingcts a deduction of 6.0% per annum that accrues daily.August262026st29,2031nnum,paidquarterly at a rateofat least 3.0625%*, ifapplicable60.00%oftheInitialValue46661K3Y2 Pricing Date:Final Review Date:Interest Barrier/Trigger Value:ry, Pricing http:/sp.jpmorgan.com/document/cusip/46661K3Y2/doctype/Product_Termsheet/document.pdf Estimated Value: The estimated value of the notes, when the terms of the notes are set, wilnot be less than $900.00 per $1.000 principalplease see the hyperlink above Automatic CallIf on any Review Date (other than the first and final Review Dates) the closing value of the Underlying is greater than or equal to the $1,000 plus (b)the Continpayments wili bemade on the notes. This table does not demonstrate how yourin Contingent Interest Payment at MaturityIfthenoteshav "lf the notes have not been automatically callnterestPalentinterestRateofatleast12.25%3.0625% per quarter). cally called and the Final Value is grea If the notes have not been automatically called and the Final Value is less than the Trigger Value, your payment at maturity per $1,oo0$1,000 + ($1,000 × Underlying Return) principal amount at maturity and could ose all of your principal amount at maturity. he hypothetical payments on the notes shcfees and expenses were included, the hypothtbe lower. g in the notes linked to the Underlying involves a number of risks. See "Selected Risks" on page 2 of this documentRisk Considerations"in the relevant pricing supplement.elevant product supplement and underlying supplement and"Selected Capitalized terms used but not defined hereirhe preliminary pricing supplement and prospectus. Any representation to the contrary is a criminal offense. Any payment on the notes is subject to theas guarantor of the notes North America Structured Investments Selected Risks (continued) Selected Risks Risks Relating to the Notes Generally Risks Relating to the Estimated Value and'Secondary Market Prices The estimated value of the notes is determined by reference to an inteThe estimated value of the notes does not represent future values ancestimates.and JPMorgan Chase & Co. Therefore the value of the notes prior to maturity will be subject to changesThe value of the notes, which may be reflected in customer account stRisks Relating to the Underlyingthe then-current estimated value of the notes for a limited time period.The Index Sponsor may adjust the Index in a way that affects its level,obligationtoconsideryour interestsThe Underlying may not approximate its target volatility.The Underlying issubjecttorisks associated withthe useofsignificanThe UnderlyingThe Underlyingmay be significantly uninvested.sanexcessreturn index thatdoesnot reflect"totalreThe Underlying was established on June 21, 2022, and may perform iciated with small capitalization ss contract included in the Underlying.TheUnderlying issubjecttosignificant risksassociated withfuturescrSuspension or disruptions of market trading in futures contracts may anotes.The official settlement price and intraday trading prices of the relevantreadily available.Changes in the marginrequirements for the Futures Contracts includeadversely affect the value of the notes. The notes do not guarantee the payment of interest and may not pay interest at all.The level of the Underlying will include a 6.0% per annum daily deduction.Any payment on the notes is subject to the credit risks of JPMorgan Chase Financial Company LLCin the market's view of the creditworthiness of JPMorgan Chase Financial Company LLCor JPMorganChase&CoAsafinlimited assets.The appreciation potentialofthenotes islimited to thesum of any Contingent Interest Payments thatThe benefitprovided bythe Trigger Value may terminateon thefinal Review DateIfthe notes have notbeen automatically called and the Final Value is below the Trigger Value, you willlose 1% of your principal for every 1% the Final Value is less than the Initial Value.reinvest the proceeds at a comparable interest rate for a similar level of riskNo dividend payments or voting rights.Lack ofliquidity J.P.Morgan Securities LLC (whowerefer to as"JPMS"),intends tooffertopurchasethe notes in the secondary market but is not required to do so. The price, if any, at which JPMS will beThe tax consequences ofthe no