Index supplement to the prospectus dated April 13, 2023, the prospectus supplement dated April 13, 2023, the prospectus adden dum dated June 3, 2024, the product supplement no. 3 - I dated April 13, 2023 and the underlying supplement no. 23 - I dated August 28, 2023 Registration Statement Nos. 333 - 270004 and 333 - 270004 - 01 Dated February 9, 2026 Rule 424(b)(3) Hypothetical and Actual Historical Monthly and Annual Returnsþÿ   Backtested   Actual Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year 1994 - 0.09% - 1.57% - 1.08% 0.42% - 1.80% 0.57% - 1.18% - 1.11% - 0.29% - 1.52% - 0.31% - 7.70% 1995 - 0.34% 2.08% 3.01% 1.53% 2.51% 0.57% 0.22% - 0.31% 1.29% - 0.09% 2.25% 0.63% 14.10% 1996 - 1.05% - 1.94% 1.69% 0.96% 1.10% - 1.46% - 2.13% 1.81% 3.19% 1.82% 2.25% - 1.42% 4.73% 1997 0.75% 0.39% - 0.23% 0.64% - 0.56% 0.87% 4.08% - 1.20% 2.32% - 0.15% - 1.00% 0.13% 6.08% 1998 0.75% 1.03% 1.45% 0.57% - 0.28% 0.75% 0.88% - 0.45% 2.32% - 0.40% 1.44% - 2.09% 6.06% 1999 0.86% - 1.69% - 0.76% 0.88% - 1.79% - 1.19% - 0.47% 0.43% 1.99% - 0.32% 0.38% 1.35% - 0.40% 2000 - 0.27% 1.89% 0.40% - 0.74% 0.93% 1.37% - 0.22% 1.50% 0.00% - 0.08% 0.65% - 1.04% 4.43% 2001 1.23% 0.18% - 0.51% 0.67% - 0.05% 0.58% - 0.92% 0.74% - 0.84% 0.74% - 0.84% - 0.14% 0.81% 2002 - 0.40% 0.72% 0.70% 1.37% - 0.21% - 0.39% - 1.02% 1.46% 0.92% - 1.06% - 0.68% 2.34% 3.75% 2003 0.65% 0.43% - 2.02% 0.44% 3.14% - 1.25% - 2.28% 0.09% 0.40% 0.77% 1.06% 1.98% 3.33% 2004 0.37% 1.22% 0.57% - 1.70% - 0.05% - 0.34% - 0.04% 1.23% 1.09% 1.49% 0.62% 0.11% 4.62% 2005 0.56% 0.24% 2.13% - 0.43% 0.53% 1.37% 1.03% 0.94% 1.54% - 0.68% 2.89% 2.45% 13.24% 2006 1.12% - 1.34% 0.12% - 0.39% - 2.61% - 1.29% 0.72% 0.67% - 0.49% 0.84% - 0.12% 0.01% - 2.80% 2007 0.34% - 0.74% - 0.14% 2.03% 0.00% - 0.29% - 0.99% - 0.09% 0.27% 1.97% 1.76% 0.96% 5.13% 2008 - 0.98% 1.20% 0.23% - 0.46% 1.76% - 0.24% 0.66% 0.57% - 2.46% - 5.12% 2.92% 3.26% 1.03% 2009 - 1.08% - 0.65% 0.40% - 0.73% - 0.62% 0.21% 1.27% 0.63% 0.73% - 0.86% 2.43% - 2.22% - 0.58% 2010 - 0.35% 0.26% 1.36% 1.32% - 0.75% 0.31% - 0.49% 2.44% 0.68% 0.90% - 0.82% - 0.17% 4.74% 2011 - 0.58% 0.76% - 0.83% 2.52% - 0.05% - 0.79% 2.07% 2.73% - 1.64% 1.05% - 0.04% 1.24% 6.51% 2012 0.88% 0.25% 0.14% 0.89% 0.57% - 0.89% 0.34% 0.20% 0.20% - 0.32% 1.13% 0.85% 4.29% 2013 0.81% 2.19% 2.33% 2.41% - 0.78% - 1.91% 1.03% - 1.60% 2.23% 1.08% 1.10% 0.11% 9.27% 2014 - 0.22% 0.61% 0.08% 0.58% 1.75% 0.05% - 0.26% 2.44% 1.01% 1.12% 2.99% 2.07% 12.87% 2015 1.85% - 0.38% 0.89% - 1.28% 0.51% - 1.03% 1.19% - 2.78% 0.34% 1.44% 0.40% - 0.32% 0.73% 2016 0.03% 2.47% 0.17% - 0.47% - 0.87% 2.67% 0.35% - 1.50% 0.09% - 1.95% - 0.69% 0.27% 0.45% 2017 - 0.62% 1.84% - 0.62% 0.80% 0.40% - 0.79% 0.19% 0.02% 0.86% 2.41% 1.23% 1.13% 7.02% 2018 3.18% - 3.47% - 0.41% 1.07% 1.48% 0.70% - 0.89% 1.34% 0.24% - 2.59% - 1.26% 1.48% 0.67% 2019 0.14% - 0.29% 0.53% 0.82% 0.50% 2.53% 0.57% 3.06% - 1.20% 1.04% - 0.39% 0.13% 7.65% 2020 1.43% - 2.67% 1.62% 1.45% 0.67% 0.20% 1.25% 0.43% - 0.70% - 1.62% 0.81% 0.67% 3.50% 2021 - 0.20% - 0.77% - 0.10% - 0.35% 0.32% 0.43% 0.70% 0.25% - 0.98% 0.57% - 1.62% 1.78% - 0.01% 2022 - 2.45% - 0.01% 0.69% - 1.16% - 0.31% - 2.01% 1.20% - 2.30% - 3.07% - 0.02% 2.34% - 1.38% - 8.29% 2023 1.40% - 1.45% 2.77% 1.08% 0.12% 0.81% - 0.49% - 0.06% - 1.07% - 0.96% 2.64% 0.00% 4.80% 2024 0.76% 1.41% 1.37% - 1.16% 0.20% 0.79% - 0.87% 0.42% 0.98% - 0.88% 0.00% - 0.62% 2.36% 2025 1.62% 0.58% 1.11% 2.01% 0.06% 0.05% - 0.48% 0.55% 1.52% 1.21% 0.47% - 0.50% 8.46% 2026 1.14% 1.14% Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation . Historical performance measures for the J.P. Morgan Multi - Asset Index (the “Index”) represent hypothetical backtested performanc e using the performance of each Constituent from February 22, 1994 through November 17, 2022, and actual performance of the Index from November 18, 2022 through January 31, 2026. Please see “Use of hy pot hetical backtested returns” at the end of this presentation for additional information related to backtesting and the use of alternative performance. Except as noted above and in the sections entitled “Use of hypothetical backtested returns” at the end of this document, the hyp othetical monthly and annual returns set forth above were determined using the methodology currently used to calculate the Index. PAST PERFORMANCE AND BACKTESTED PERFORMANCE ARE NOT INDICATIVE OF FUTURE R ESU LTS. Investing in the notes linked to the Index involves a number of risks. See “Selected Risks” at the end of this presentation, “Ri sk Factors” in the prospectus supplement and the relevant product supplement and underlying supplement and “Selected Risk Considerations” in the relevant pricing supplement. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes o r p assed upon the accuracy or the adequacy of this document or the accompanying product supplement, underlying supplement, prospectus supplement or prospectus. Any representation to the contrary is a crimi nal offense. The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agenc y a nd are not obligations of, or guaranteed by, a bank. FEBRUARY 2026 J.P. Morgan Multi - Asset Index

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Hypothetical and Actual Historical Monthly Weightsþÿ   Backtested   Actual Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Jan 26 20% - 10% — 5% 15% 40% - 10% 25% — 15% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 25 15% - 10% - 5% 10% 15% 30% - 10% 40% — 15% Nov 25 25% - 10% — 10% 25% 10% - 5% 40% - 5% 10% Oct 25 10% — — 10% 5% 35% - 5% 30% — 15% Sep 25 15% - 5% — 15% 5% 35% - 10% 35% — 10% Aug 25 20% - 10% 10% 5% — 40% - 5% 30% — 10% Jul 25 10% - 5% 15% - 5% - 10% 30% 20% 35% — 10% Jun 25 20% - 10% 10% — - 10% 40% 15% 35% - 5% 5% May 25 5% — 10% — - 10% 35% 15% 40% - 5% 10% Apr 25 15% - 10% 10% — 5% 40% 5% 20% — 15% Mar 25 10% - 10% 20% — - 5% 40% — 30% — 15% Feb 25 20% - 10% 20% 5% - 10% 30% - 5% 40% — 10% Jan 25 30% - 10% 15% 5% - 10% 20% 5% 40% — 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 24 25% - 5% 10% 5% - 10% 10% 15% 40% — 10% Nov 24 25% - 10% 15% — - 10% 10% 15% 40% — 15% Oct 24 20% - 5% 5% — - 10% 40% 5% 35% - 5% 15% Sep 24 30% - 10% 5% — — 40% - 5% 35% — 5% Aug 24 15% — 5% 15% - 10% 40% 5% 25% — 5% Jul 24 35% - 10% — 10% - 10% 20% 5% 40% 5% 5% Jun 24 25% - 10% 15% 10% - 10% 25% - 5% 40% — 10% May 24 20% - 10% 5% 10% - 10% 15% 5% 40% 5% 20% Apr 24 25% - 10% 5% 15% - 10% 25% — 40% — 10% Mar 24 30% - 10% 5% 15% - 10% 25% 5% 40% — — Feb 24 30% - 10% 5% 15% - 10% 30% 5% 40% — - 5% Jan 24 25% - 5% — 10% - 10% 15% 20% 40% — 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 23 25% - 10% — 15% - 5% 40% - 10% 40% — 5% Nov 23 10% - 10% 10% 10% - 10% 40% - 5% 40% — 15% Oct 23 5% - 10% 10% 15% - 10% 40% 5% 40% 5% — Sep 23 10% - 10% 10% 15% - 10% 40% 5% 40% — — Aug 23 15% - 10% 5% 15% - 10% 40% 5% 40% — — Jul 23 10% - 10% 10% 15% - 10% 40% 5% 40% — — Jun 23 10% - 10% 10% 20% - 10% 40% - 5% 40% - 5% 10% May 23 10% - 10% 15% 15% — 40% - 10% 40% - 5% 5%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Apr 23 10% - 10% 15% 10% 5% 35% - 10% 40% - 5% 10% Mar 23 5% - 5% 5% 10% — 40% — 40% — 5% Feb 23 - 5% — 10% 10% - 5% 40% - 10% 40% — 20% Jan 23 — - 10% 10% 10% 10% 40% - 10% 40% 5% þÿ - 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 22 — - 10% 15% 10% — 40% — 40% 5% þÿ - — Nov 22 — - 10% 10% 10% 5% 40% - 5% 40% — 10% Oct 22 10% - 10% — 15% - 5% 40% 5% 40% — 5% Sep 22 — — — 10% - 10% 40% 10% 40% 10% — Aug 22 10% - 10% 5% 10% - 10% 40% 10% 40% — 5% Jul 22 5% - 10% 10% 5% - 10% 40% 10% 40% 5% 5% Jun 22 5% - 5% 10% 5% - 10% 40% 10% 40% 5% — May 22 10% - 10% 10% 5% - 5% 40% - 10% 40% — 20% Apr 22 20% - 10% 10% — - 5% 40% - 10% 40% 5% 10% Mar 22 25% - 10% - 5% — — 40% - 10% 40% 5% 15% Feb 22 20% - 10% - 5% 5% - 10% 5% 40% 40% 10% 5% Jan 22 35% - 10% 5% — 30% - 10% 10% 40% — — Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 21 (12/24 – 12/27) 35% - 10% 5% — 30% - 10% 10% 40% — — Dec 21 (11/23 – 12/23) 15% - 5% 5% 10% - 10% — 35% 40% 10% — Nov 21 15% - 5% — 10% - 10% 30% 10% 40% 10% — Oct 21 20% — - 10% 15% - 10% 40% 5% 40% 5% - 5% Sep 21 20% — — 5% 5% - 10% 40% 40% 5% - 5% Aug 21 25% - 5% — 5% 5% - 10% 40% 40% 5% - 5% Jul 21 10% 5% — 10% - 10% 5% 40% 40% 5% - 5% Jun 21 15% - 5% 5% 10% - 10% 25% 10% 40% 5% 5% May 21 5% 5% — 10% - 10% 40% 5% 40% 5% — Apr 21 - 5% 5% 5% 10% - 10% 10% 40% 40% 5% — Mar 21 5% 5% - 5% 10% 20% 40% - 10% 30% — 5% Feb 21 5% 5% - 5% 10% 30% 35% - 10% 25% — 5% Jan 21 5% 5% - 5% 10% 25% 40% - 10% 25% — 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 20 10% — - 5% 10% 40% 35% - 10% 15% — 5% Nov 20 15% - 5% - 5% 10% 35% 40% 5% — — 5% Oct 20 15% - 10% — 10% 40% 40% - 5% 5% — 5% Sep 20 20% - 10% — 5% 35% 40% - 5% 10% — 5% Aug 20 15% - 10% 5% — 25% 40% - 10% 25% — 10% Jul 20 15% - 10% 5% 5% 35% 40% - 5% 10% — 5%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Jun 20 15% - 10% — 5% 40% 40% - 5% 5% — 10% May 20 20% - 10% - 5% 5% 40% 40% 5% - 5% — 10% Apr 20 20% - 10% - 10% 10% 40% 40% 10% - 10% — 10% Mar 20 (3/13 – 3/25) 10% - 10% — 10% 15% 35% 40% - 10% — 10% Mar 20 (3/3 – 3/13) 20% - 10% 5% — 40% 10% 25% 5% - 5% 10% Mar 20 (2/24 – 3/2) 30% - 10% 10% 5% 35% — 5% 10% - 5% 20% Feb 20 35% - 10% 5% 10% 35% 10% 10% - 10% — 15% Jan 20 35% - 10% 5% 10% 20% 30% 10% - 10% — 10% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 19 20% - 10% 20% 5% 40% 5% 15% - 5% — 10% Nov 19 15% - 5% 15% 10% 25% - 10% 10% 25% - 5% 20% Oct 19 15% - 10% 15% 10% 5% - 10% 40% 15% — 20% Sep 19 20% - 10% - 5% 5% 40% - 10% 40% 5% — 15% Aug 19 25% - 10% — — 10% - 5% 40% 25% - 5% 20% Jul 19 30% - 10% 5% - 5% 40% 10% 40% - 10% - 5% 5% Jun 19 25% - 10% 10% - 10% 35% 15% 40% - 10% - 5% 10% May 19 25% - 10% 10% — 40% 10% 40% - 10% 5% - 10% Apr 19 30% - 10% 5% 5% 40% 10% 40% - 10% — - 10% Mar 19 - 10% 25% - 5% — 30% - 10% 40% 15% — 15% Feb 19 5% 10% — - 5% 20% - 10% 40% 30% - 5% 15% Jan 19 10% - 10% 5% 5% - 10% 20% 30% 40% - 10% 20% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 18 15% - 10% — 5% - 10% 15% 35% 40% - 10% 20% Nov 18 15% - 10% - 5% 10% - 10% - 5% 40% 40% 10% 15% Oct 18 20% - 5% - 10% 15% - 10% 10% 40% 40% 10% - 10% Sep 18 - 5% 20% — 10% - 10% 25% 40% 25% 10% - 15% Aug 18 20% — — 10% - 10% 10% 40% 40% 5% - 15% Jul 18 - 10% 20% - 5% 10% - 10% 25% 30% 35% 15% - 10% Jun 18 - 5% 10% — 10% - 10% 10% 40% 40% 15% - 10% May 18 - 5% 5% — 10% - 10% 25% 25% 40% 15% - 5% Apr 18 - 10% 15% - 10% 15% - 10% 5% 40% 40% 10% 5% Mar 18 20% - 10% - 10% 10% - 10% 40% 5% 40% — 15% Feb 18 (2/6 – 2/22) 5% - 10% 5% 20% - 10% 30% - 10% 40% 10% 20% Feb 18 (1/25 – 2/5) 40% - 5% 5% 10% - 10% - 10% 5% 40% 10% 15% Jan 17 40% — — 20% - 5% - 10% — 35% 5% 15%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 17 40% — — 10% - 5% — 10% 35% 10% — Nov 17 35% - 5% 10% 20% - 10% - 10% 30% 20% — 10% Oct 17 40% - 10% 5% 20% - 10% - 10% 10% 40% 5% 10% Sep 17 40% - 10% 5% 20% - 10% - 10% 30% 30% — 5% Aug 17 40% — — 15% - 10% 40% - 5% 20% — — Jul 17 30% - 5% 10% 15% - 10% 20% 30% 15% - 5% — Jun 17 30% - 10% 15% 10% - 10% 30% 15% 15% - 5% 10% May 17 15% 10% 5% 5% — — 40% 15% - 5% 15% Apr 17 40% - 10% 10% 5% - 10% 15% 5% 35% - 5% 15% Mar 17 35% — — 5% - 10% 30% 30% 5% — 5% Feb 17 15% 10% — 5% - 10% 10% 25% 35% — 10% Jan 17 10% 10% — 5% - 10% 20% 40% 30% — - 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 16 - 10% 25% - 5% 5% - 10% 20% 30% 40% — 5% Nov 16 5% 5% 5% — 25% - 5% 40% 20% 5% — Oct 16 15% — 5% — - 10% — 40% 40% - 5% 15% Sep 16 15% — 5% - 5% 25% - 5% 40% 15% — 10% Aug 16 20% - 5% 5% — 10% - 10% 30% 40% - 5% 15% Jul 16 25% - 10% — - 5% 20% - 10% 40% 30% — 10% Jun 16 25% - 10% — - 5% 10% - 10% 40% 40% — 10% May 16 25% - 5% — — - 10% 35% 5% 40% - 5% 15% Apr 16 25% - 10% 5% - 5% - 5% 15% 30% 40% - 5% 10% Mar 16 20% - 10% 5% - 5% 35% - 10% 25% 30% — 10% Feb 16 25% - 10% — — - 10% 10% 40% 40% - 5% 10% Jan 16 20% - 10% 5% 10% - 5% 40% 5% 40% - 5% — Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 15 5% — 10% 5% - 10% 15% 35% 40% - 5% 5% Nov 15 10% - 10% 10% 5% - 5% 10% 40% 35% - 5% 10% Oct 15 - 5% 20% 5% — 20% - 10% 35% 35% - 5% 5% Sep 15 — 5% - 5% 15% - 10% 25% 25% 40% - 5% 10% Aug 15 10% — 5% 15% - 5% 40% 5% 40% - 5% - 5% Jul 15 — 10% — 20% — 40% — 40% — - 10% Jun 15 10% — 5% 20% 15% 35% - 5% 25% — - 5% May 15 - 5% 10% 5% 20% 25% - 10% 40% 20% — - 5% Apr 15 5% 5% 5% 15% 25% - 5% 40% 20% - 5% - 5% Mar 15 25% - 5% — 10% 35% - 10% 40% 15% - 5% - 5% Feb 15 35% - 10% — — 15% - 10% 40% 35% - 10% 5% Jan 15 20% — — — 10% - 10% 40% 40% - 10% 10%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 14 25% - 5% — 10% 10% - 10% 40% 40% - 10% — Nov 14 30% - 10% — — 35% - 10% 40% 15% - 5% 5% Oct 14 40% - 10% 5% 10% 10% - 10% 40% 35% - 15% - 5% Sep 14 40% - 5% - 10% 10% 30% - 10% 40% 20% - 5% - 10% Aug 14 40% - 10% 5% 5% 30% - 10% 40% 15% - 5% - 10% Jul 14 30% - 10% 10% 5% - 10% - 10% 35% 35% 15% — Jun 14 35% - 10% 5% — 5% - 10% 40% 40% 5% - 10% May 14 30% - 10% 10% - 5% - 10% 5% 40% 40% 5% - 5% Apr 14 35% — - 5% — 10% - 10% 40% 40% - 5% - 5% Mar 14 10% 5% 15% — 10% - 10% 40% 40% - 5% - 5% Feb 14 15% 5% 5% 5% - 10% 10% 40% 40% — - 10% Jan 14 5% 15% 5% 5% - 10% 30% 20% 40% — - 10% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 13 20% — — 10% - 10% 30% 20% 40% — - 10% Nov 13 - 5% 15% 15% 5% 15% - 10% 30% 40% — - 5% Oct 13 - 5% 10% 10% 10% - 10% 25% 20% 40% 5% - 5% Sep 13 - 10% 20% 5% 5% - 10% 40% 10% 40% 5% - 5% Aug 13 5% 15% 5% 5% - 10% 35% 15% 40% - 5% - 5% Jul 13 25% - 5% — 5% - 10% 30% 20% 40% - 5% — Jun 13 40% - 10% 10% 5% 40% — 20% 5% - 5% - 5% May 13 35% - 10% — 10% 35% - 10% 40% 5% 5% - 10% Apr 13 - 5% 20% 5% 15% 20% - 10% 30% 40% - 10% - 5% Mar 13 10% 10% — 15% 20% - 10% 30% 40% — - 15% Feb 13 10% 10% 5% 15% 30% - 10% 30% 20% — - 10% Jan 13 - 5% 10% 15% 15% 20% - 10% 40% 25% — - 10% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 12 25% - 10% 15% 5% 40% - 10% 40% — — - 5% Nov 12 25% - 10% 15% 5% 35% - 10% 35% 15% — - 10% Oct 12 20% - 5% 15% — 40% - 10% 30% 15% - 5% — Sep 12 30% - 10% 10% — 40% - 10% 35% 10% — - 5% Aug 12 25% - 10% 5% - 5% 40% - 5% 40% 5% — 5% Jul 12 35% - 10% - 5% 5% 40% - 10% 15% 35% - 10% 5% Jun 12 30% - 10% — — 40% - 10% 40% 10% — — May 12 25% - 10% — — 40% — 40% — 5% — Apr 12 25% - 10% 5% 5% 40% - 10% 40% — 5% — Mar 12 25% - 10% 5% — 40% - 5% 35% — 5% 5% Feb 12 25% - 10% — - 5% 40% 20% 25% - 5% 5% 5% Jan 12 25% - 10% — — 40% 20% 20% — 10% - 5%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 11 25% - 10% — - 5% 40% 5% 15% 20% 10% — Nov 11 20% - 10% — — 20% 15% 40% 5% 10% — Oct 11 25% - 10% - 5% — 30% 5% 25% 20% 10% — Sep 11 20% - 10% 5% - 5% 5% 40% 35% - 5% 5% 10% Aug 11 (8/10 – 8/25) 25% - 10% - 10% 5% 5% 5% 20% 40% — 20% Aug 11 (7/25 – 8/9) 40% - 10% - 5% — 5% 40% 20% - 5% — 15% Jul 11 15% — 5% - 5% 25% 40% 15% - 5% — 10% Jun 11 25% - 10% 5% - 5% 20% 35% - 5% 20% — 15% May 11 10% - 5% 10% - 5% - 10% 40% 20% 20% 5% 15% Apr 11 20% - 5% — - 5% 20% 35% - 10% 30% 5% 10% Mar 11 15% - 5% 10% 5% - 10% 25% 30% 15% 5% 10% Feb 11 25% - 10% 15% — - 5% 40% 25% 5% — 5% Jan 11 - 10% 15% 15% — - 10% 40% 30% 15% — 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 10 - 10% 20% 15% 5% — 40% 15% 25% - 10% — Nov 10 — 10% 15% - 5% 10% 40% 35% - 5% - 10% 10% Oct 10 20% - 5% 5% - 5% 10% 35% 40% - 10% — 10% Sep 10 10% - 5% 10% - 5% — 40% 40% — - 5% 15% Aug 10 — 5% 15% - 5% 10% 35% 40% - 5% - 5% 10% Jul 10 - 5% 5% 15% — 15% 10% 40% 10% - 5% 15% Jun 10 - 10% 20% 5% — 25% - 10% 40% 25% - 5% 10% May 10 - 5% 15% — 5% - 5% 10% 40% 30% 5% 5% Apr 10 5% 10% 5% 5% - 10% 25% 40% 25% — - 5% Mar 10 — 10% 5% 5% - 10% 35% 15% 40% — — Feb 10 5% — 10% 10% - 10% 25% 40% 20% - 5% 5% Jan 10 10% — 5% 5% - 10% 25% 20% 40% — 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 09 20% - 10% — — — 40% 5% 35% — 10% Nov 09 5% — — 5% - 10% 40% 10% 40% — 10% Oct 09 5% — 5% 5% - 10% 40% 10% 40% - 5% 10% Sep 09 - 5% 5% 5% 5% - 10% 30% 25% 35% — 10% Aug 09 — 5% — 5% - 10% 30% 25% 35% — 10% Jul 09 - 5% 5% 5% 5% - 10% 25% 25% 40% — 10% Jun 09 5% — — 5% - 10% 40% 10% 40% — 10% May 09 - 5% 10% 5% 5% - 10% 40% 30% 20% - 5% 10% Apr 09 10% - 5% — 5% 5% 40% 15% 20% — 10% Mar 09 — 5% — 5% - 10% 25% 30% 35% — 10% Feb 09 — 5% — 5% 10% 40% 10% 20% — 10% Jan 09 — 5% — 5% - 10% 40% 10% 40% — 10%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 08 - 5% 5% 10% — — 30% 35% 15% — 10% Nov 08 — 5% 5% — - 10% 40% 25% 25% — 10% Oct 08 (10/13 – 10/27) - 5% 10% 5% — - 10% 40% 40% 10% 5% 5% Oct 08 (10/10 – 10/13) 10% - 10% 5% 5% - 10% 15% 40% 35% 5% 5% Oct 08 (9/24 – 10/9) - 10% 20% — 5% 15% 40% - 5% 30% 5% — Sep 08 - 5% 15% 5% — 25% 20% 5% 30% 5% — Aug 08 - 10% 15% 5% 5% — 40% 5% 35% 5% — Jul 08 - 5% 15% 10% - 5% 5% 40% 20% 15% 5% — Jun 08 — 10% 5% 5% 15% 40% 5% 15% 10% - 5% May 08 5% 5% - 5% 5% 10% 40% - 10% 40% 15% - 5% Apr 08 5% 5% - 5% 5% 30% 10% — 40% 10% — Mar 08 20% - 10% — — 5% 40% - 10% 40% 10% 5% Feb 08 20% - 10% — — 5% 40% - 5% 35% — 15% Jan 08 10% - 10% 20% - 5% — 40% - 5% 40% 5% 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 07 10% - 10% 15% - 5% 40% 40% - 10% 10% 5% 5% Nov 07 — — 15% - 5% 20% 40% - 10% 20% 5% 15% Oct 07 15% - 10% 10% - 5% 30% 40% - 10% 10% 5% 15% Sep 07 5% — 15% 5% 40% 10% - 10% 40% - 10% 5% Aug 07 20% - 10% 20% 15% 15% — 10% 35% — - 5% Jul 07 20% - 10% 15% 15% - 5% 40% - 10% 40% 5% - 10% Jun 07 20% - 10% 25% — 20% 20% - 10% 40% — - 5% May 07 20% - 10% 20% - 10% 35% 15% - 10% 35% — 5% Apr 07 15% - 10% 20% — 40% 5% - 10% 40% - 5% 5% Mar 07 35% - 10% 5% 15% - 10% 35% - 10% 40% - 5% 5% Feb 07 30% - 10% 5% 10% - 5% 40% - 10% 40% - 10% 10% Jan 07 35% - 10% 15% 5% - 10% 35% - 10% 40% — — Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 06 5% 5% 15% - 5% 30% 20% - 10% 40% - 5% 5% Nov 06 35% - 10% 10% 10% - 10% 40% - 10% 40% - 5% — Oct 06 30% - 10% 10% 5% 20% 20% - 10% 40% - 10% 5% Sep 06 25% - 10% — 15% - 5% 35% - 5% 40% 5% — Aug 06 25% - 10% - 5% 5% - 10% 40% 15% 25% 10% 5% Jul 06 20% - 10% 5% 5% - 10% 40% — 40% 10% — Jun 06 - 10% — 5% 20% - 10% 10% 35% 40% — 10% May 06 - 10% 10% 20% 10% - 10% 40% - 5% 40% — 5% Apr 06 - 10% 15% 20% 10% - 10% 35% 10% 30% — — Mar 06 - 10% 5% 30% 5% — - 10% 40% 40% — — Feb 06 - 10% 15% 15% 5% - 5% 25% — 40% 10% 5% Jan 06 — - 5% 20% 20% - 10% - 10% 40% 40% — 5%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 05 10% - 5% 10% 25% - 10% - 10% 35% 40% — 5% Nov 05 — 5% 5% 25% - 10% - 10% 40% 40% - 5% 10% Oct 05 - 10% 5% 15% 25% - 10% - 10% 35% 35% 5% 10% Sep 05 - 10% 5% 20% 10% - 5% - 10% 35% 40% 10% 5% Aug 05 - 10% 10% 20% 5% 5% - 10% 30% 40% 10% — Jul 05 - 10% 5% 20% — — - 10% 35% 40% 10% 10% Jun 05 20% - 10% 15% - 5% 25% - 10% 40% 25% 10% - 10% May 05 25% - 10% — - 5% 5% - 10% 40% 40% 10% 5% Apr 05 15% - 10% 15% 10% - 10% - 10% 40% 40% 10% — Mar 05 20% - 5% 5% 10% - 5% - 10% 40% 40% 10% - 5% Feb 05 25% - 10% — 10% 5% - 10% 40% 40% 10% - 10% Jan 05 20% 5% — 10% - 10% — 40% 35% 5% - 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 04 25% - 5% 5% — - 5% - 10% 40% 40% 10% — Nov 04 - 5% 5% 10% — 10% - 5% 40% 35% 10% — Oct 04 10% - 5% 10% — 5% 25% 25% 20% 10% — Sep 04 30% - 10% — 5% - 10% 35% 15% 25% 10% — Aug 04 5% — 5% 5% - 5% 25% 35% 25% 10% - 5% Jul 04 35% - 10% 5% 5% - 10% 25% 20% 25% 5% — Jun 04 10% - 5% 5% 5% - 10% 25% 30% 35% 10% - 5% May 04 15% — — 15% - 10% 20% 15% 40% 5% — Apr 04 - 10% 15% — 10% - 5% 35% 5% 40% 5% 5% Mar 04 10% 5% 5% 10% - 10% 30% 15% 30% 5% — Feb 04 - 5% 20% 5% — - 5% 40% 20% 15% 5% 5% Jan 04 5% 10% 5% — - 10% 35% 20% 15% 5% 15% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 03 — 15% 5% - 5% - 5% 40% 20% 15% 5% 10% Nov 03 5% 10% 5% — — 40% 5% 20% 5% 10% Oct 03 — 15% — 5% - 10% 40% 10% 25% 5% 10% Sep 03 - 5% 10% 5% 5% - 10% 40% 10% 25% 10% 10% Aug 03 5% 5% — 5% - 10% 40% — 40% 5% 10% Jul 03 5% 5% 5% 5% 40% 30% 15% - 10% 5% — Jun 03 5% 10% — - 5% 40% 5% 15% 20% — 10% May 03 15% — — - 5% 40% 30% - 5% 15% 5% 5% Apr 03 15% — - 5% — 35% 25% - 10% 30% — 10% Mar 03 5% — — 5% — 40% 15% 20% 15% — Feb 03 5% — — 5% 5% 25% 10% 25% 10% 15% Jan 03 5% 5% — — 20% 40% - 10% 20% 10% 10%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 02 5% 10% - 5% — 15% 35% - 10% 35% 5% 10% Nov 02 15% - 5% — — 40% 10% - 10% 40% 5% 5% Oct 02 — 5% — 5% 20% 40% 5% 15% 5% 5% Sep 02 10% — — — 25% 30% - 10% 35% 5% 5% Aug 02 — 5% — 5% 25% 35% - 10% 30% — 10% Jul 02 - 5% 15% — — 10% 40% - 10% 35% — 15% Jun 02 - 10% 15% — 5% 5% 40% - 10% 40% — 15% May 02 - 10% 20% — — — 40% — 40% 5% 5% Apr 02 - 5% 10% 5% — - 5% 40% - 5% 40% 5% 15% Mar 02 - 5% 15% — — 10% 40% - 10% 40% — 10% Feb 02 - 10% 20% — — — 40% — 40% — 10% Jan 02 - 10% 20% — — - 5% 40% 5% 40% — 10% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 01 — 10% — — - 10% 15% 35% 40% — 10% Nov 01 — 10% — — 15% 15% 15% 35% — 10% Oct 01 15% - 10% 5% — - 10% 40% 10% 40% 5% 5% Sep 01 - 10% 20% — — 30% 25% - 5% 30% 5% 5% Aug 01 - 10% 20% — — 30% 25% - 10% 35% 5% 5% Jul 01 - 10% 15% — 5% 5% 40% - 5% 40% 10% — Jun 01 - 10% 15% 5% — 10% 35% - 5% 40% 5% 5% May 01 — — 5% 5% - 10% 40% 15% 35% 10% — Apr 01 — 5% 5% — 40% — 5% 35% 10% — Mar 01 — 5% 5% — 40% - 10% 10% 40% 10% — Feb 01 — 5% 5% — 40% - 10% 10% 40% 10% — Jan 01 - 5% 5% 10% — 40% 20% - 10% 30% 5% 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 00 — — 10% — 25% 15% — 40% 10% — Nov 00 5% — 5% — 40% 10% - 10% 40% 10% — Oct 00 - 5% 5% 5% 5% 10% 40% — 30% 10% — Sep 00 5% — 5% — 15% 40% - 10% 35% 10% — Aug 00 — — 5% 5% 10% 35% - 5% 40% 10% — Jul 00 — — 5% 5% 5% 40% - 5% 40% 10% — Jun 00 10% - 5% — 5% 5% 40% — 35% 10% — May 00 — — 5% 5% - 5% 40% 10% 35% 10% — Apr 00 5% — — 5% — 30% 10% 40% 10% — Mar 00 — 5% 5% 5% — 40% — 40% 5% — Feb 00 - 5% 5% 5% 5% - 10% 40% 10% 40% 5% 5% Jan 00 - 5% 5% 5% 10% — 40% 10% 25% 5% 5%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 99 — 5% — 10% - 10% 40% 20% 25% 5% 5% Nov 99 5% - 5% — 10% - 5% 40% 15% 30% 5% 5% Oct 99 10% - 5% — 5% - 10% 40% 10% 35% 5% 10% Sep 99 5% — — 5% — 40% 10% 30% 5% 5% Aug 99 10% - 5% — 5% - 10% 40% 20% 30% 5% 5% Jul 99 5% — — 10% - 10% 40% 25% 25% — 5% Jun 99 5% — — 5% - 10% 15% 40% 35% 5% 5% May 99 10% - 5% — 5% - 10% 40% 25% 20% 5% 10% Apr 99 10% - 5% — 5% 15% 40% 5% 20% — 10% Mar 99 15% - 10% 5% — 10% 10% 40% 20% - 5% 15% Feb 99 15% - 5% 5% — - 10% 35% 40% 15% - 5% 10% Jan 99 15% - 5% — — - 10% 40% 35% 15% — 10% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 98 15% - 10% — 5% - 10% 25% 25% 40% — 10% Nov 98 20% - 10% — — - 10% 15% 35% 40% - 5% 15% Oct 98 15% - 10% — 5% 30% - 5% 30% 25% — 10% Sep 98 20% - 10% 5% — 25% - 10% 40% 25% - 5% 10% Aug 98 15% - 10% 10% — - 10% 20% 35% 35% — 5% Jul 98 10% - 10% 10% — 10% - 10% 40% 40% — 10% Jun 98 10% - 5% 10% — - 10% 15% 35% 40% — 5% May 98 — 15% 5% - 5% - 10% 30% 30% 30% - 5% 10% Apr 98 5% 5% 5% — 5% - 5% 40% 40% - 5% 10% Mar 98 — 5% 10% — - 10% 15% 35% 40% — 5% Feb 98 10% - 5% 5% 5% - 10% 30% 40% 20% - 5% 10% Jan 98 5% - 5% 10% — - 5% 5% 40% 40% 5% 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 97 5% 10% — - 5% 5% 5% 30% 40% 5% 5% Nov 97 - 5% 20% — — - 10% 40% 15% 35% 10% - 5% Oct 97 - 10% 25% 5% — - 5% 30% 15% 40% 5% - 5% Sep 97 — 15% 5% — - 5% 15% 30% 40% — — Aug 97 — 10% 10% 5% - 10% 15% 25% 40% 5% — Jul 97 10% - 10% 15% — - 5% 35% 10% 40% 5% — Jun 97 10% - 10% 10% — - 10% 35% 20% 35% 10% — May 97 5% - 10% 10% 5% - 10% 15% 35% 40% 5% 5% Apr 97 15% - 10% 10% — - 10% 20% 30% 40% 5% — Mar 97 10% - 10% 10% — - 10% 20% 30% 40% 5% 5% Feb 97 10% — 10% - 5% - 10% 40% 5% 40% 5% 5% Jan 97 10% - 10% 15% - 5% - 5% 30% — 40% 5% 20%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index The Constituents are identified above by their respective tickers. Please refer to the “Selected Risks” and “Disclaimer” at the end of this presentation. The hypothetical and actual historical monthly weights set forth above represent the monthly reference portfolio weights appl ied to hypothetical backtested performance of the Index using the hypothetical backtested performance of some the Constituents from February 22, 1994 through November 26, 2021 and actual performance of th e C onstituent from November 29, 2021 through November 17, 2022 and actual performance of the Index using actual performance of the Index from November 18, 2022 to January 31, 2026. Please see the “Use of hypothetical backtested returns” at the end of this presentation for additional information related to ba cktesting and the use of alternative performance in the backtest. PAST ALLOCATIONS TO CONSTITUENTS, HYPOTHETICAL OR ACTUAL, ARE NOT INDICATIVE OR PREDICTIVE OF FUTURE ALLOCATIONS. Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 96 25% - 10% 5% 5% - 10% 15% 25% 35% 5% 5% Nov 96 15% — 10% 5% - 10% — 20% 40% 10% 10% Oct 96 10% — 5% — - 10% 5% 20% 40% 15% 15% Sep 96 20% - 10% — 10% - 10% - 10% 40% 40% 10% 10% Aug 96 15% - 10% - 5% 10% - 10% — 35% 40% 15% 10% Jul 96 10% 10% — 15% - 10% — 25% 40% 5% 5% Jun 96 - 5% 30% — 10% - 10% — 20% 40% 5% 10% May 96 - 5% 30% 5% 10% - 10% 20% 5% 30% 5% 10% Apr 96 5% 15% 10% 10% - 10% 5% 5% 40% 10% 10% Mar 96 15% 15% — 10% - 10% 20% 5% 40% 5% — Feb 96 30% - 10% 5% 5% 10% - 10% 40% 25% — 5% Jan 96 25% — - 10% 5% 15% - 10% 30% 40% 15% - 10% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 95 40% - 10% - 5% 5% - 10% 15% 25% 40% 10% - 10% Nov 95 25% — - 10% 5% 15% — 25% 40% 10% - 10% Oct 95 15% 15% - 10% 5% - 10% 20% 35% 35% 5% - 10% Sep 95 - 10% 40% - 10% 5% - 5% 15% 30% 30% 10% - 5% Aug 95 - 10% 35% — - 5% - 5% 30% 5% 40% 5% 5% Jul 95 - 10% 35% - 5% — 30% 10% - 10% 35% 5% 10% Jun 95 15% 5% - 5% - 5% — 40% — 40% 10% — May 95 40% - 10% - 5% — — 20% — 35% 10% 10% Apr 95 30% - 10% - 10% — - 5% 25% 15% 40% 10% 5% Mar 95 30% - 10% — - 5% - 10% 35% — 40% 10% 10% Feb 95 25% - 10% — - 5% - 10% 25% 10% 40% 10% 15% Jan 95 25% - 10% - 5% 15% - 10% 15% 20% 40% 5% 5% Equities Fixed Income Alternatives United States (S&P 500 Futures) United States (Russell 2000 Futures) Germany (DAX Futures) Japan (TOPIX Futures) United States (Long - term U.S. Treasury Note Futures) United States (Medium - term U.S. Treasury Note Futures) Germany (Euro - Bund Futures) Japan (10 - year JGB Futures) Oil (Brent Crude Oil Futures) Precious Metals (Gold Futures) Dec 94 15% - 10% 5% — - 10% 30% 5% 40% 10% 15% Nov 94 40% - 10% - 5% 5% - 10% 25% — 35% — 20% Oct 94 25% — 5% — - 10% 30% - 10% 40% — 20% Sep 94 25% — 5% 5% - 10% 40% - 10% 30% — 15% Aug 94 20% - 10% 5% 5% - 10% 30% 10% 35% 10% 5% Jul 94 10% - 10% 5% 10% - 5% 40% - 5% 40% 5% 10% Jun 94 5% - 5% 10% 5% - 10% 40% — 40% — 15% May 94 10% - 10% 5% 5% — 40% — 35% — 15% Apr 94 - 5% 15% 5% 5% 5% 40% - 5% 20% — 20% Mar 94 - 5% 5% 5% 5% 25% 40% - 10% 25% - 5% 15%

FEBRUARY 2026 | J.P. Morgan Multi - Asset Index Selected Risks þÿ Our affiliate, J.P. Morgan Securities LLC (“JPMS”), is the sponsor and the calculation agent of the Index and may adjust the Ind ex in a way that affects its level. þÿ The Index is an “excess return” index and not a “total return” index because the Constituents do not reflect interest that co uld be earned on funds notionally committed to the trading of futures contracts. þÿ The Index is subject to a 1.00% per annum daily deduction. þÿ The Index may not be successful or outperform any alternative strategy that might be employed in respect of the Constituents. Th e Index may not approximate its initial volatility threshold. þÿ The Index was established on November 18, 2022 and has a limited operating history. þÿ There are risks associated with the Index’s momentum investment strategy. The Index may perform poorly at times when the phas e o f the market cycle is changing or during periods characterized by short - term volatility. þÿ The Index comprises notional assets and liabilities. There is no actual portfolio of assets to which any person is entitled o r i n which any person has any ownership interest. þÿ The investment strategy used to construct the Index involves regular rebalancing and weighting constraints that are applied t o t he Constituents. No assurance can be given that the investment strategy used to construct the Index will outperform any alternative investment in the Constituents. þÿ A significant portion of the Index’s exposure may be allocated to the Bond Constituents. þÿ Concentration risks associated with the Index may adversely affect the value of investments linked to the Index. þÿ Each Constituent is subject to significant risks associated with the underlying futures contracts. þÿ There are risks associated with correlation between the performances of the Constituents. If the performances of the Constitu ent s become highly correlated during periods of negative performance, Index performance may be adversely impacted. þÿ Because the Index may include notional short positions, there may be additional risks. þÿ Each Constituent composing the Index may be replaced by a substitute constituent upon the occurrence of certain extraordinary ev ents. þÿ Suspensions or disruptions of market trading in the underlying futures contracts may adversely affect the value of investment s l inked to the Index. þÿ The Index is subject to risks associated with non - U.S. securities markets (including currency exchange risk), fixed income secur ities (including interest - rate related risks), small capitalization stocks and risks associated with investments in futures contracts (which, particularly in the case of commodities futures contracts, ma y be subject to legal and regulatory uncertainty). þÿ An increase in the margin requirements for the underlying futures contracts included in the Constituents may adversely affect th e level of that Constituent. þÿ The Index may in the future include underlying futures contracts that are not traded on regulated futures exchanges. þÿ Negative roll returns associated with the underlying futures contracts constituting the Constituents may adversely affect the pe rformance of the Constituents and the value of investments linked to the Index. þÿ The Index should not be compared to any other index or strategy sponsored by any of our affiliates and cannot necessarily be con sidered a revised, enhanced or modified version of any other J.P. Morgan index. The risks identified above are not exhaustive. You should also review carefully the related “Risk Factors” section in the pro spe ctus supplement and the relevant product supplement and underlying supplement and the “Selected Risk Considerations” in the relevant pricing supplement. Disclaimer Important Information The information contained in this document is for discussion purposes only. Any information relating to performance contained in these materials is illustrative and no assurance is given that any indicative returns, performance or results, whether historical or hypothetical, will be achieved. All information herein is s ubj ect to change without notice, however, J.P. Morgan undertakes no duty to update this information. In the event of any inconsistency between the information presented herein and any offering document , t he offering document shall govern. Use of hypothetical backtested returns Any backtested historical performance and weighting information included herein is hypothetical. The constituent may not have tr aded in the manner shown in the hypothetical backtest of the Index included herein, and no representation is being made that the Index will achieve similar performance. There are frequently si gni ficant differences between hypothetical backtested performance and actual subsequent performance. The results obtained from backtesting information should not be considered indicative of the actual results that might be obt ain ed from an investment in notes referencing the Index. J.P. Morgan provides no assurance or guarantee that notes linked to the Index will operate or would have operated in the past in a manner consiste nt with these materials. The hypothetical historical levels presented herein have not been verified by an independent third party, and such hypothetical historical levels have inherent limitations. Alte rna tive simulations, techniques, modeling or assumptions might produce significantly different results and prove to be more appropriate. Actual results will vary, perhaps materially, from the hypo the tical backtested returns and allocations presented in this document. HISTORICAL AND BACKTESTED PERFORMANCE AND ALLOCATIONS ARE NOT INDICATIVE OF FUTURE RESULTS. Use of alternative performance The information provided herein uses “backtesting” and considers other hypothetical circumstances to estimate how the Index m ay have performed and how Basket Constituents may have been allocated prior to the actual existence of the Index. Prior to the availability of the WM/Reuters Closing Spot Rates, alternative price s w ere used for FX rates. For the U.S. Equity Constituents, prior to the existence of the current relevant equity index futures contract series, alternative relevant equity index futures contract series with the same equity reference index were used. Investment suitability must be determined individually for each investor, and investments linked to the Index may not be suit abl e for all investors. This material is not a product of J.P. Morgan Research Departments. The WM/Reuters Closing Spot Rates provided by Thomson Reuters (“TR”). TR shall not be liable for any errors in or delays in p rov iding or making available the data contained within this service or for any actions taken in reliance on the same, except to the extent that the same is directly caused by its or its employees’ neg lig ence. Copyright © 2026 JPMorgan Chase & Co. All rights reserved. For additional regulatory disclosures, please consult: www.jpmorgan.com/disclosures. Information contained on this website is not incorporated by reference in, and should not be considered part of, this document. This monthly update document replaces and sup ersedes all prior written materials of this type previously provided with respect to the Index.