North America Structured Investments

7yr SPX/RTY Step-Up Auto Callable Buffered Equity Notes

The following is a summary of the terms of the notes offered by the preliminary pricing supplement highlighted below.

Summary of Terms

Issuer: JPMorgan Chase Financial Company LLC.

Guarantor: JPMorgan Chase & Co.

Minimum Denomination: $1,000

Underlying: S&P 500® Index and Russell 2000® Index

Hypothetical Examples of Amounts Upon

Automatic Call or at Maturity**

Buffer Amount: 20.00%

Pricing Date: March 26, 2018

Final Review Date: March 26, 2025

Maturity Date: March 31, 2025

Review Dates: Annually

Performing Index Return at Review Date

Total Return at First Review Date*

Total Return at Third Review Date*

Total Return at Sixth Review Date*

Total Return at

Maturity if not Automatically Called

CUSIP: 48129MBD7

Preliminary Pricing Supplement: http://sp.jpmorgan.com/document/cusip/48129MBD7/doctype/Product_Termsheet/document.pdf

For more information about the estimated value of the notes, which will likely be lower than the price you paid for the notes, please see the hyperlink above.

You may lose some or most of your principal at maturity. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial

Company LLC, as issuer of the notes, and the credit risk of JPMorgan Chase & Co., as guarantor of the notes.

Automatic Call

If the closing level of each Index on any Review Date (other than the final Review Date) is greater than or equal to its Call Value for that Review Date, the notes will be automatically called for a cash payment, for each $1,000 principal amount note, equal to (a) $1,000 plus (b) the Call Premium Amount applicable to that Review Date, payable on the applicable Call Settlement Date. No further payments will be made on the notes.

Review Date Call Value Call Premium*

First 102.50% At least 7.25%

Second 105.00% At least 14.50%

Third 107.50% At least 21.75%

Fourth 110.00% At least 29.00%

Fifth 112.50% At least 36.25%

Sixth 115.00% At least 43.50%

Payment At Maturity

If the notes have not been automatically called and the Final Value of each Index is greater than its Initial Value, your payment at maturity per $1,000 principal amount note will be calculated as follows:

$1,000 + ($1,000 × Lesser Performing Index Return)

Lesser If the notes have not been automatically called and (i) the Final Value of one Index is greater than its Initial Value and the Final Value of the other Index is equal to its Initial Value or is less than its Initial Value by up to the Buffer Amount or (ii) the Final Value of each Index is equal to its Initial Value or is less than its Initial Value by up to the Buffer Amount, you will receive the principal amount of your notes at maturity.

If the notes have not been automatically called and the Final Value of either Index is less than its Initial Value by more than the Buffer Amount, your payment at maturity per $1,000 principal amount note will be calculated as follows:

$1,000 + [$1,000 × (Lesser Performing Index Return + Buffer Amount)]

If the Final Value of either Index is less than its Initial Value by more than the Buffer Amount, you will lose some or most of your principal amount at maturity.

40.00% 7.25% 21.75% 43.50% 40.00%

20.00% 7.25% 21.75% 43.50% 20.00%

10.00% 7.25% 21.75% N/A 10.00%

3.00% 7.25% N/A N/A 3.00%

0.00% N/A N/A N/A 0.00%

-5.00% N/A N/A N/A 0.00%

-20.00% N/A N/A N/A 0.00%

-20.01% N/A N/A N/A -0.01%

-40.00% N/A N/A N/A -20.00%

-60.00% N/A N/A N/A -40.00%

-80.00% N/A N/A N/A -60.00%

-100.00% N/A N/A N/A -80.00%

N/A – indicates that the notes would not be called on the applicable Review Date and no payment would be made for that date.

* Reflects a call premium of 7.25% per annum. The call premium will be determined on the Pricing Date and will not be less than 7.25% per annum.

** Not all Review Dates reflected. The hypothetical returns on the notes shown above apply only if you hold the notes for their entire term or until automatically called. These hypotheticals do not reflect fees or expenses that would be associated with any sale in the secondary market. If these fees and expenses were included,

the hypothetical returns would likely be lower.

J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com

North America Structured Investments

Selected Risks

• Your investment in the notes may result in a loss. The notes do not guarantee any return of principal.

• Payment on the notes at maturity is subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Therefore the value of the notes prior to maturity will be subject to changes in the market’s view of the creditworthiness of JPMorgan Chase Financial Company LLC or JPMorgan Chase & Co.

• The Call Value with respect to each Index for each Review Date is greater than its

Initial Value and increases progressively over the term of the notes

• You are exposed to the risk of decline in the value of each Index.

• Your payment at maturity will be determined by the Lesser Performing Index.

• If the notes are automatically called, the appreciation potential of the notes is limited to any Call Premium paid on the notes.

• The automatic call may force a potential early exit.

• No interest payments, dividend payments or voting rights.

• JPMorgan Chase & Co. is currently one of the companies that makes up the S&P 500

Index.

• The notes are subject to the risks associated with small capitalization companies.

• As a finance subsidiary, JPMorgan Chase Financial Company LLC has no independent operations and has limited assets.

Selected Risks (continued)

• The estimated value of the notes will be lower than the original issue price (price to public) of the notes.

• The estimated value of the notes is determined by reference to an internal funding rate.

• The estimated value of the notes does not represent future values and may differ from others’

estimates.

• The value of the notes, which may be reflected in customer account statements, may be higher than the then current estimated value of the notes for a limited time period.

• Lack of liquidity: J.P. Morgan Securities LLC (who we refer to as JPMS), intends to offer to

purchase the notes in the secondary market but is not required to do so. The price, if any, at which JPMS will be willing to purchase notes from you in the secondary market, if at all, may result in a significant loss of your principal.

• Potential conflicts: We and our affiliates play a variety of roles in connection with the issuance of notes, including acting as calculation agent and hedging our obligations under the notes, and making the assumptions used to determine the pricing of the notes and the estimated value of the notes when the terms of the notes are set. It is possible that such hedging or

other trading activities of J.P. Morgan or its affiliates could result in substantial returns for J.P. Morgan and its affiliates while the value of the notes decline.

• The tax consequences of the notes may be uncertain. You should consult your tax advisor

regarding the U.S. federal income tax consequences of an investment in the notes.

The risks identified above are not exhaustive. Please see “Risk Factors” in the applicable product supplement and underlying supplement and “Selected Risk Considerations” in the applicable preliminary pricing supplement for additional information.

Disclaimer

SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and this offering. You may get these documents without cost by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., any agent or any dealer participating in the this offering will arrange to send you the prospectus and each prospectus supplement as well as any product supplement, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248.

IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters address herein or for the purpose of avoiding U.S. tax-related penalties.

Investment suitability must be determined individually for each investor, and the financial instruments described herein may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisors as to these matters.

This material is not a product of J.P. Morgan Research Departments.

Free writing Prospectus filed Pursuant to Rule 433; Registration Statement Nos. 333-209682 and 333-209682-1

J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com