Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on August 3, 2028 and fully guaranteed by JPMorgan Chase & Co.

Investors may receive a monthly Contingent Interest Payment if on a Review Date the closing level of each index is at least 70% of its Initial Value, the Interest Barrier. Starting with the sixth Review Date, the notes will be automatically called if each index is at or above its Initial Value, returning principal plus the applicable contingent interest. If the notes are not called and any index finishes below its Trigger Value (also 70% of Initial Value) at maturity, repayment of principal is reduced one-for-one with the decline of the least performing index and can fall to zero.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial, subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and will not be listed on an exchange. The preliminary estimated value is approximately $968.60 per $1,000 note, and the final Contingent Interest Rate is expected between 9.00% and 11.00% per annum. The issuer highlights significant risks, including loss of principal, the possibility of no interest, limited liquidity, complex tax treatment and potential conflicts of interest.

JPMorgan Chase Financial Company LLC is offering $4,901,000 of Buffered Digital Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a fixed 8.95% return at maturity if the worse-performing index is at or above its initial level, or down by up to 15%. If either index falls more than 15%, repayment is reduced 1% for each additional 1% decline in the lesser performer, so investors can receive as little as $150 per $1,000 note, meaning up to 85% principal loss.

The notes pay no interest, provide no index dividends, are unsecured obligations subject to the credit risk of both issuers, and will not be listed on an exchange, so liquidity depends on dealer bids. The price to the public is $1,000 per note, while the estimated value at pricing was $975.20, reflecting selling costs, hedging costs and dealer margins. The tax treatment is complex, with counsel viewing the notes as open transactions, and future IRS guidance could adversely affect tax consequences.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $650,000 of capped buffered equity notes linked to the lesser performing of the Russell 2000 Index and the S&P 500 Index, maturing on February 19, 2027. The notes provide 1.00x upside on the weaker index up to a maximum return of 22.55%, corresponding to a maximum payment of $1,225.50 per $1,000 note. A 10% downside buffer protects principal against moderate declines, but if either index falls by more than 10%, investors lose 1% of principal for each additional 1% decline in the lesser-performing index, up to a 90% loss. The issue price is $1,000 per note, including $22.25 in fees, with an estimated value of $971.20.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $3,151,500 of Trigger Callable Yield Notes linked to the lesser performer of the Russell 2000 Index and the EURO STOXX 50 Index. The notes have a 15‑month term, pay an 8.00% per annum fixed coupon monthly ($0.0667 per $10), and can be called at JPMorgan’s option every month after an initial three‑month non‑call period. If called, holders receive $10 per note plus the applicable coupon, with no further payments.

If the notes are not called, and on the April 15, 2027 final valuation date each index is at or above 70% of its initial level, investors receive full principal back at maturity plus the last coupon. If either index finishes below its 70% downside threshold, the maturity payment is reduced in proportion to the loss of the weaker index, which can result in a significant or total loss of principal despite having received coupons. All payments depend on the credit of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., and the notes are unsecured, unlisted, and not FDIC insured. The estimated value at pricing was $9.805 per $10 note, below the $10 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,590,000 of Capped Buffered Return Enhanced Notes linked to the iShares Bitcoin Trust ETF (IBIT) maturing on January 19, 2029. The notes offer 2.0x leveraged upside on any positive fund performance, capped at a maximum return of 91.50%, for a maximum payment of $1,915 per $1,000 note.

Investors receive full principal at maturity only if the fund’s final price is at or above the initial level, or down by no more than the 20% buffer. If the fund falls by more than 20%, principal is reduced one-for-one beyond that threshold, with up to an 80% loss of principal. The notes pay no interest, are unsecured obligations subject to the credit risk of JPMorgan entities, and expose holders to bitcoin-related volatility through the ETF. The public issue price is $1,000 per note, including $7.50 in selling commissions, while the bank’s estimated value is $956 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the lesser performer of the Dow Jones Industrial Average and the S&P 500 Index, maturing on July 21, 2027. The notes provide unleveraged upside to index gains, capped at a Maximum Upside Return of at least 24.10%, and also pay a positive return if the lesser-performing index falls by up to the 15.00% buffer, with that downside-return scenario capped at $1,150 per $1,000.

If either index declines by more than 15.00%, principal is reduced 1% for each additional 1% loss in the lesser-performing index, meaning buyers can lose up to 85.00% of principal at maturity. The notes pay no interest, do not pass through dividends, are unsecured, and depend on the credit of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $990 per $1,000 note and will not be less than $970 per $1,000 when finalized, reflecting structuring and hedging costs and an internal funding rate.

JPMorgan Chase Financial Company LLC is offering unsecured Buffered Return Enhanced Notes linked to the lesser performance of the S&P 500 Index and the SPDR Gold Trust. The notes provide at least 1.8225x leveraged upside on any positive return of the weaker underlying at maturity, with no cap on gains. A 15% downside buffer protects principal against moderate declines, but if the lesser performing underlying falls more than 15% from its initial value, losses increase at about 1.17647% of principal for each additional 1% drop, up to total loss. The notes are scheduled to price on or about January 16, 2026 and mature on February 3, 2027, in minimum denominations of $10,000. An example estimated value is $981.90 per $1,000 note, and the final estimated value will not be less than $970.00, reflecting selling costs and hedging.

JPMorgan Chase & Co. is offering $25,000,000 of callable fixed rate notes due January 2, 2031. The notes pay interest at a fixed rate of 4.30% per annum, calculated on a 30/360 day count basis, with interest payable in arrears on the last calendar day of January and July of each year, beginning July 31, 2026, and on the maturity date.

Starting January 31, 2028 and on each last calendar day of January and July through July 31, 2030, the issuer may redeem the notes in whole, but not in part, at par plus accrued and unpaid interest. The public offering price is $1,000 per note, including hedging costs, with proceeds to the issuer of $997.50 per $1,000 note, or $24,937,500 in total.

The filing highlights that in a resolution scenario under U.S. bankruptcy or Dodd-Frank Title II, losses would be imposed first on equity and then on unsecured creditors, including holders of these notes, whose claims are structurally junior to creditors of JPMorgan Chase & Co.’s subsidiaries. The notes are not bank deposits, are not insured by the FDIC or any governmental agency, and involve risks described in the referenced risk factor sections.

JPMorgan Chase Financial Company LLC is offering $425,000 of auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on January 17, 2031, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 7.00% per annum contingent interest (0.58333% per month, $5.8333 per $1,000) on each Interest Payment Date only if the Index on the related Review Date is at or above 42.00% of its Initial Value. Missed interest can be paid later if the barrier is met. Starting January 14, 2027, the notes are automatically called if the Index on a Review Date is at or above the Initial Value, returning $1,000 plus current and any unpaid interest.

If not called and the Final Value is at or above 85.00% of the Initial Value, principal is repaid in full plus applicable interest. Below that buffer, principal is reduced dollar-for-dollar beyond a 15.00% decline, with up to 85.00% loss of principal possible. The Index includes a 6.0% per annum daily deduction and a notional financing cost that drag on performance. The notes price at $1,000 per denomination, with estimated value of $911.40 per $1,000, are unsecured and subject to the credit risk of both the issuer and guarantor.