Filed Pursuant to Rule 433

Registration No. 333-285537

Dated: January 14, 2026

Pricing Term Sheet

This term sheet supplements the information set forth under “Description of the Notes” in the Prospectus Supplement, subject to completion, dated January 14, 2026 to the Prospectus dated April 10, 2025 (the “Preliminary Prospectus Supplement”).

Issuer:	JPMorgan Chase & Co.
Security Type:	SEC Registered Senior Notes
Security:	Floating Rate Notes due 2032
Currency:	USD
Size:	$400,000,000
Maturity:	January 22, 2032
Payment Frequency:	Quarterly
Day Count Fraction:	Actual/360
Index:	Benchmark rate, which will initially be Compounded SOFR as described under “Description of the Notes—Interest on the notes” in the Preliminary Prospectus Supplement.
Re-offer Spread to Index:	+84 basis points
Price to Public:	100% of face amount
Proceeds (Before Expenses) to Issuer:	$398,600,000
Interest Payment Dates:	January 22, April 22, July 22 and October 22 of each year, commencing April 22, 2026.
Business Day:	New York

Business Day Convention:	Modified Following Business Day
Reset Frequency:	Quarterly
Optional Redemption:	We may redeem the notes, at our option, in whole, but not in part, on January 22, 2031 upon at least 5 days’ but no more than 60 days’ notice to holders of the notes, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.
	In addition, we may redeem the notes, at our option, in whole at any time or in part from time to time, on or after December 22, 2031 upon at least 5 days’ but no more than 60 days’ notice to holders of the notes, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date.
	The foregoing supplements and supersedes the information set forth under “Description of the Notes” in the Preliminary Prospectus Supplement.
CUSIP/ISIN:	46647PFH4 / US46647PFH47
Trade Date:	January 14, 2026
Settlement Date:	January 22, 2026 (T+5)
Denominations:	$2,000 x $1,000
Concurrent Issuance:	In addition to the notes described in this term sheet, JPMorgan Chase & Co. is concurrently offering $2,600,000,000 of fixed-to-floating rate notes due 2032 and $3,000,000,000 of fixed-to-floating rate notes due 2037. The consummation of

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	each of these offerings is not contingent on any other offering.
Sole Bookrunner:	J.P. Morgan Securities LLC
Co-Managers:	Academy Securities, Inc. AmeriVet Securities, Inc. Bancroft Capital, LLC Blaylock Van, LLC CastleOak Securities, L.P. Drexel Hamilton, LLC Falcon Square Capital LLC Mischler Financial Group, Inc. R. Seelaus & Co., LLC Samuel A. Ramirez & Company, Inc. Siebert Williams Shank & Co., LLC Telsey Advisory Group LLC Tigress Financial Partners, LLC BBVA Securities Inc. BNY Mellon Capital Markets, LLC Capital One Securities, Inc. Fifth Third Securities, Inc. Huntington Securities, Inc. ING Financial Markets LLC Intesa Sanpaolo IMI Securities Corp. KeyBanc Capital Markets Inc. Lloyds Securities Inc. M&T Securities, Inc. Mizuho Securities USA LLC MUFG Securities Americas Inc. Natixis Securities Americas LLC Nomura Securities International, Inc. Nordea Bank Abp Nykredit Bank A/S PNC Capital Markets LLC Regions Securities LLC Standard Chartered Bank SMBC Nikko Securities America, Inc. Truist Securities, Inc. U.S. Bancorp Investments, Inc.

Certain of the underwriters are not U.S. registered broker-dealers, and will not effect any offers or sales of any notes in the United States unless it is through one or more U.S.

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registered broker-dealers as permitted by the regulations of the Financial Industry Regulatory Authority, Inc.

Settlement Period: The closing will occur on January 22, 2026 which will be more than one U.S. business day after the date of this pricing term sheet. Rule 15c6-1 under the Securities Exchange Act of 1934 generally requires that securities trades in the secondary market settle in one business day, unless the parties to a trade expressly agree otherwise.

JPMorgan Chase & Co. has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement) with the Securities and Exchange Commission, or SEC, for the offering to which this term sheet relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and any other documents relating to this offering that JPMorgan Chase & Co. has filed with the SEC for more complete information about 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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect 1-212-834-4533.

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.

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