Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering $1,504,000 of Uncapped Digital Barrier Notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes provide uncapped, unleveraged exposure to index gains at maturity, with a contingent minimum return of 43.25% if each index finishes at or above its initial level.

Each index has a barrier set at 70% of its initial value. If any index closes below its barrier on the observation date, investors lose 1% of principal for each 1% decline of the least performing index and can lose their entire investment. The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor.

The price to public is $1,000 per note, including fees and commissions, while the estimated value at pricing is $979.30 per $1,000, reflecting selling, structuring and hedging costs. The notes are not listed, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering capped buffered enhanced participation equity notes due March 11, 2027, linked to the S&P 500® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and repayment of principal depends entirely on index performance. If the index falls by more than 10.00%, losses are magnified so that each additional 1% decline beyond the buffer reduces principal by approximately 1.1111%, and investors could lose their entire investment. If the index rises, investors receive 1.50x the index gain, but returns are capped at a maximum settlement amount expected to be between $1,134.10 and $1,157.35 per $1,000. The estimated value at pricing is expected to be between $974.00 and $984.00 per $1,000, reflecting selling commissions, hedging costs and issuer profit. The notes will not be listed, may have limited liquidity and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering capped dual directional buffered equity notes linked to the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and scheduled to mature on December 1, 2027.

The notes provide unleveraged exposure to S&P 500 gains, with a Maximum Upside Return of at least 21.80%, so positive index performance above that level does not increase the payoff. If the index is flat or down by up to the 15.00% Buffer Amount, investors receive a positive return equal to 50.00% of the absolute decline, capped at a 7.50% maximum return when the index is negative.

If the S&P 500 falls by more than 15.00%, investors lose 1% of principal for each 1% drop beyond the buffer and can lose up to 85.00% of principal at maturity. The minimum denomination is $1,000, the notes pay no interest or dividends, are unsecured and unsubordinated, and are not FDIC insured. If priced today, the estimated value would be about $982.20 per $1,000 note, and the final estimated value will not be less than $950.00 per $1,000 note. The notes are not expected to be listed, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of at least 9.50% per annum, or at least 2.375% per quarter, for each Review Date on which the Index closes at or above 60% of its Initial Value (the Interest Barrier). The notes may be automatically called on specified Review Dates starting November 23, 2026 if the Index is at or above its Initial Value, returning $1,000 principal plus the applicable contingent interest.

If the notes are not called and the Final Value is at or above 70% of the Initial Value (the Buffer Threshold), investors receive $1,000 plus the final contingent interest. If the Final Value is below the Buffer Threshold, repayment is reduced according to index performance and investors can lose up to 70% of principal. The Index incorporates a 6.0% per annum daily deduction and a notional financing cost, which act as a drag on performance, and it can use leverage up to 500% exposure to the QQQ Fund. Minimum denomination is $1,000, with an estimated value of approximately $950 per $1,000 note at the preliminary stage and not less than $930 when terms are set.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Contingent Buffered Equity Notes linked to the S&P 500® Index. The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, investors receive $1,000 plus the S&P 500® Index return, capped at a Maximum Upside Return of at least 10.00%. If the index is down by up to the 20.10% Contingent Buffer Amount, investors earn the same percentage as a positive return, up to a maximum of $1,201.00 per $1,000 note. If the index falls by more than 20.10%, losses match the index decline and investors may lose all principal.

The notes have a minimum denomination of $10,000 and are expected to price on or about November 21, 2025, with maturity on December 9, 2026. The estimated value would be about $983.80 per $1,000 note if priced today and will not be less than $970.00 when finalized. JPMorgan has previously agreed to donate an aggregate $700,000 to Blue Star Families, independent of this offering.

JPMorgan Chase Financial Company LLC (AMJB) is offering unsecured, unsubordinated auto callable contingent interest notes linked to the common stock of Oracle Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent income tied to Oracle’s share performance.

The notes pay a quarterly Contingent Interest Rate of at least 16.15% per annum (at least $40.375 per $1,000 each quarter) only if Oracle’s closing price on a Review Date is at or above 55.00% of the Initial Value. Missed interest can be paid later if the barrier is met on a future Review Date. The notes are automatically called if Oracle closes at or above the Initial Value on any non‑final Review Date, returning $1,000 plus due and unpaid contingent interest.

If not called, and the final Oracle price is at or above the 55.00% Trigger Value, investors receive $1,000 plus due and unpaid contingent interest at maturity. If the final price is below the Trigger Value, principal is reduced in line with the stock’s decline, so investors can lose more than 45% and up to all of their principal. The estimated value is about $964 per $1,000 note and will not be less than $960 when finalized. The notes are not bank deposits, are not FDIC insured and do not provide dividends or equity ownership in Oracle.

JPMorgan Chase Financial Company LLC is offering structured Capped Dual Directional Buffered Equity 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. Each note has a $1,000 denomination and matures on February 25, 2027, with returns based on index performance at a single observation date.

The notes provide upside exposure to the lesser-performing index up to a Maximum Upside Return of at least 24.80%, capping the maximum payment at a minimum of $1,248 per $1,000 note when the lesser-performing index rises. If either index is flat or down by up to the 15.00% buffer, investors receive a positive return equal to the absolute decline of the lesser-performing index, up to a maximum of $1,150 per $1,000 note.

If either index falls by more than 15.00%, principal is exposed to losses on a 1-for-1 basis beyond the buffer, and investors can lose up to 85.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. If priced on the described terms, the estimated value would be approximately $989.50 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Financial is offering structured “Review Notes” linked to the lesser performer of the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as December 2, 2026 if both indices are at or above their call values on a Review Date, paying back the $1,000 principal plus a fixed call premium that starts at $110 and can reach up to $550 per note by the final Review Date in 2030.

The notes do not pay interest or dividends and expose holders to losses if, at maturity and without prior automatic call, the lesser performing index finishes below its barrier level, with losses increasing one-for-one with that decline and potentially reaching 100% of principal. If the notes priced on the described date, their estimated value would be about $954 per $1,000 note and will not be less than $930, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on December 5, 2030. The notes target a contingent interest rate of at least 9.20% per year, paid monthly, but interest is only paid for periods when all three indices close at or above 70% of their initial levels.

The notes can be redeemed early, at the issuer’s option, on specified interest payment dates starting in June 2026. If held to maturity and all indices finish at or above 60% of their initial levels, investors get full principal back plus any final contingent interest. If any index finishes below 60%, repayment is reduced one-for-one with the decline in the worst-performing index, which can mean a loss of more than 40% and up to all principal.

The product offers no upside participation in index gains, is unsecured and unsubordinated, and carries the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. It will not be listed on an exchange, so liquidity and secondary market pricing are uncertain. The estimated value at launch is expected to be below the $1,000 issue price due to embedded selling, structuring and hedging costs.