Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target 1.00x index appreciation at maturity, with a maximum return of at least 24.90% and a 15.00% downside buffer.

Below the buffer, investors lose 1% of principal for each additional 1% index decline, up to a maximum loss of 85.00% of principal, so only $150 per $1,000 would be repaid in a total index collapse. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, may be difficult to sell, and are expected to have an estimated value below the $1,000 price to public.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering capped buffered return enhanced notes linked to the Russell 2000 Index, maturing on January 15, 2027. The notes provide 1.25x any positive Index return, but gains are capped at a maximum return of at least 13.55%, equivalent to at least $1,135.50 per $1,000 note. If the Index is flat or down by up to the 15% buffer at maturity, investors receive their $1,000 principal. If the Index falls by more than 15%, investors lose 1% of principal for each 1% decline beyond the buffer, down to $150 per $1,000 note if the Index falls 100%.

The notes pay no periodic interest and do not provide dividends on Index components. They are unsecured, unsubordinated obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are not bank deposits, and will not be listed on an exchange, so liquidity and secondary market prices may be limited and below the issue price. An example estimated value is $985.80 per $1,000, and the final estimated value at pricing will be at least $950. Tax treatment is expected to follow “open transaction” treatment, with additional U.S. federal income tax and Section 871(m) considerations described for U.S. and Non-U.S. holders.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the common stock of Occidental Petroleum Corporation (OXY), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a scheduled maturity on December 16, 2027 and minimum denominations of $1,000.

Holders may receive a contingent interest payment of at least $25.00 per $1,000 each quarter (a rate of at least 10.00% per annum) for any Review Date on which OXY’s closing price is at or above 60.00% of the Initial Value, called the Interest Barrier. The notes are automatically called if on any Review Date other than the first and final, starting June 12, 2026, OXY closes at or above the Initial Value, in which case investors receive $1,000 plus the applicable contingent interest and no further payments.

If the notes are not called and the final OXY price is at or above the 60.00% Trigger Value, investors receive $1,000 plus the final contingent interest. If the final price is below the Trigger Value, the payoff is $1,000 plus $1,000 times the stock return, so investors will lose more than 40.00% of principal and could lose it all. The preliminary estimated value is approximately $960.00 per $1,000 note, and will not be less than $940.00 per $1,000 at pricing. The notes are unsecured, not bank deposits, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase & Co. is offering preliminary terms for callable step-up fixed rate notes due December 16, 2039. These notes pay annual interest on December 17 of each year, starting December 17, 2026, with a step-up structure: 5.00% per annum from December 17, 2025 to December 17, 2035, 5.25% per annum from December 17, 2035 to December 17, 2037, and 5.50% per annum from December 17, 2037 to December 16, 2039.

The issuer may redeem the notes in whole, but not in part, on the 17th calendar day of March, June, September and December each year from March 17, 2028 through September 17, 2039, paying principal plus accrued interest. Investors receive principal back at maturity only if the notes have not been called and remain outstanding.

The notes are unsecured obligations of JPMorgan Chase & Co. and are not bank deposits or FDIC insured. The disclosure highlights resolution and bail-in style risks under U.S. bankruptcy and Dodd-Frank frameworks, which could expose holders to losses ahead of certain other creditors. The notes are intended for buy-and-hold investors, may have limited secondary market liquidity, and are expected to be treated as step-up fixed-rate debt instruments for U.S. federal income tax purposes.

JPMorgan Chase & Co. plans to issue callable fixed rate notes due December 12, 2030. The notes pay interest at a fixed rate of 4.10% per annum, calculated on a 30/360 basis, with interest paid in arrears on June 12 and December 12 of each year, beginning June 12, 2026, until maturity or earlier redemption.

The issuer may redeem the notes in whole, but not in part, at par plus accrued interest on December 12, 2029 or June 12, 2030, after giving at least five business days’ notice. At maturity, if not previously called, investors receive the principal amount plus any accrued and unpaid interest.

The notes are senior unsecured obligations of JPMorgan Chase & Co., are not bank deposits, are not insured by the FDIC or any government agency, and are subject to the company’s resolution strategy under the Dodd-Frank Act, under which losses could be imposed on holders as unsecured creditors. Tax counsel expects the notes to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.

JPMorgan Chase Financial Company LLC is offering capped buffered return enhanced notes linked to the S&P 500® Index, maturing on January 22, 2027. The notes provide 1.10 times any positive Index performance at maturity, up to a maximum return of at least 13.30%, with a 10.00% downside buffer. If the Index falls more than 10.00%, investors lose 1% of principal for each additional 1% decline, for a potential loss of up to 90.00% of principal.

The notes pay no interest, offer no dividends from the index constituents, and are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., exposing investors to both entities’ credit risk. If priced on the stated date, the estimated value would be approximately $990.50 per $1,000 principal amount, and when finally set will not be less than $960.00 per $1,000. The notes are not bank deposits, are not FDIC insured, will not be listed on an exchange and may trade at prices below the original issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the Class A common stock of Strategy Inc (ticker MSTR), due December 15, 2028. Each note has a $1,000 denomination. On the December 28, 2026 review date, if the stock’s closing price is at or above the Call Value (100% of the initial price), the notes are automatically called and pay $1,000 plus a call premium of at least $300, ending the investment early.

If not called and the final stock price on the December 12, 2028 observation date is above the initial price, investors receive $1,000 plus three times the stock’s percentage gain. If the final price is at or above 80% of the initial price, principal is returned. If it falls below 80%, repayment is reduced one-for-one with the stock decline, and all principal can be lost. The notes pay no interest or dividends, are unsecured, may be illiquid, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The preliminary estimated value is about $960 per $1,000 note and will not be less than $940 at pricing.

JPMorgan Chase Financial Company LLC is offering $841,000 of structured Review Notes linked to the least performing of the Russell 2000 Index, the Nasdaq-100 Technology Sector Index and the Utilities Select Sector SPDR Fund, maturing on December 6, 2030. The notes can be automatically called as early as December 7, 2026 if each underlying is at or above its Call Value, paying $1,000 plus a call premium that starts at 11.25% of principal and steps up to 56.25% on the final review date.

If the notes are not called, investors receive full principal at maturity only if the final value of each underlying is at least 70% of its initial level; otherwise, repayment is reduced one-for-one with the worst performer and can fall to zero. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Chase Financial fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not bank deposits or FDIC insured. Each $1,000 note is sold at par, with $41.25 in selling commissions, net proceeds of $958.75 to the issuer and an estimated value at pricing of $926.80.

JPMorgan Chase Financial Company LLC is offering $9,248,000 of Trigger Autocallable GEARS linked to the KraneShares CSI China Internet ETF, fully guaranteed by JPMorgan Chase & Co. The notes are issued in $10 denominations, with a minimum $1,000 investment, and run to December 7, 2028 unless called earlier.

If the ETF closes at or above its initial price of $37.14 on the December 9, 2026 observation date, the notes are automatically called and pay $12.00 per $10 note (a 20.00% call return), with no further upside. If not called and the ETF is above its initial value at maturity, investors receive principal plus 1.40 times the ETF’s price gain. If the ETF finishes at or above 75% of the initial value ($27.86) but at or below the initial value, only principal is repaid. Below that 75% downside threshold, repayment falls in line with the ETF’s loss, down to a complete loss of principal.

The notes pay no interest and do not pass through ETF dividends, are not FDIC insured, and will not be listed on any exchange. Any payment depends on the credit of JPMorgan Financial and JPMorgan Chase & Co. The public issue price is $10.00 per note, including $0.20 in selling commissions to UBS, versus an estimated value of $9.581 per $10 based on JPMorgan’s internal models.