Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Enhanced Participation Basket-Linked Notes due July 23, 2027. Each note has a $1,000 principal amount and pays no interest. The return depends on an unequally weighted equity index basket: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%).

The initial basket level is set to 100. At maturity, if the basket has risen, investors receive 1.5x the basket return, but the payout is capped, with a cap level expected between 119.86% and 123.30% of the initial basket level and a maximum settlement amount expected between $1,297.90 and $1,349.50 per $1,000 note. If the basket falls, the first 7.50% decline is buffered; below a basket level of 92.50%, principal is lost on a leveraged basis using a buffer rate of approximately 1.0811, and investors can lose their entire investment.

The notes are unsecured and subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and may have limited liquidity. The estimated value at pricing is expected between $975.60 and $985.60 per $1,000, reflecting selling commissions, hedging costs and issuer funding assumptions, so secondary market prices are expected to start below the issue price.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of three equity indices: the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing December 31, 2027 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes aim to pay a monthly Contingent Interest Payment, at a rate that will be at least 9.50% per annum (0.79167% per month in the examples), for each Review Date on which the closing level of every index is at or above 72.00% of its Initial Value. If any index is below this Interest Barrier on a Review Date, no interest is paid for that period.

The issuer can redeem the notes early, in whole, on specified interest payment dates starting May 1, 2026, paying $1,000 per note plus the applicable contingent interest. If not redeemed early, principal repayment at maturity depends on the Least Performing Index: if its Final Value is at or above 70.00% of its Initial Value, investors receive $1,000 per note (plus any final interest); if it is below 70.00%, repayment is reduced one-for-one with the index loss, potentially down to zero.

The notes are unsecured, will not be listed, and secondary market prices are expected to be below the $1,000 issue price. If priced on the date of the example, the estimated value would be approximately $962.10 per $1,000 note, and the final estimated value provided at pricing will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only when the closing level of each index on a Review Date is at least 80% of its Initial Value, with a Contingent Interest Rate of at least 10.35% per annum (0.8625% per month). They can be redeemed early at the issuer’s option on any Interest Payment Date from April 28, 2026, returning $1,000 plus any due contingent interest. If held to maturity and not redeemed, investors receive $1,000 plus the final contingent coupon if each index is at or above its 85% Buffer Threshold, but can lose up to 85% of principal if the least performing index finishes more than 15% below its Initial Value. The estimated value is approximately $980.60 per $1,000 note on the trade date and will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in January 2031 and fully guaranteed by JPMorgan Chase & Co. The notes pay a contingent quarterly coupon only if, on a Review Date, the Index is at or above 60% of its Initial Value. The coupon rate will be at least 10.65% per annum.

The notes may be automatically called starting January 28, 2027 if, on a Review Date (other than the first three and final), the Index closes at or above its 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 Index Value is below 50% of the Initial Value, repayment of principal is reduced one-for-one with the Index loss, and investors can lose a significant portion or all of their investment.

The Index employs a volatility-targeting strategy with exposure to the Invesco QQQ Trust of up to 500%, but its performance is reduced by a 6.0% per annum daily deduction and a notional financing cost, creating a persistent drag. The notes are unsecured obligations subject to the credit risks of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and have an estimated value of about $896.60 per $1,000 principal, not less than $880.00 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured callable contingent interest notes linked separately to the Nasdaq-100 Index®, the S&P 500® Index and the State Street® SPDR® S&P® Regional Banking ETF, maturing in December 2027. The notes pay a monthly Contingent Interest Payment only if, on a Review Date, the closing value of each underlying is at or above 60% of its Initial Value (the Interest Barrier); missed interest can be paid later if the condition is met on a subsequent date.

The issuer may redeem the notes early on specified Interest Payment Dates, starting July 24, 2026, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not redeemed and, at maturity, the worst-performing underlying is at or above its 60% Trigger Value, investors receive $1,000 plus the final and any unpaid contingent interest. If the worst-performing underlying ends below its Trigger Value, repayment is reduced one-for-one with its decline, potentially to zero.

The hypothetical contingent interest rate is illustrated at 8.45% per annum (0.70417% per month), and the estimated value is shown at approximately $957.50 per $1,000, not less than $900. Key risks include loss of principal, the possibility of no interest, dependence on JPMorgan credit, sector and index concentration, complex tax treatment and limited liquidity, as the notes are not exchange-listed.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon only if on a Review Date each index closes at or above 70% of its Initial Value, and principal is protected at maturity only if each final index level is at or above 65% of its Initial Value.

The notes are callable at the issuer’s option on specified Interest Payment Dates starting July 30, 2026 and, if not called, are scheduled to mature on January 2, 2031. The indicative contingent interest rate is at least 9.50% per annum, with a hypothetical table showing total coupons up to about $467 per $1,000 note if all 59 payments are made.

The notes are unsecured, unsubordinated obligations of JPMorgan Financial with minimum denominations of $1,000, are not listed on an exchange and may be difficult to sell. The estimated value is illustrated at approximately $968 per $1,000 note and will not be less than $900 due to embedded selling, structuring and hedging costs, and investors face the risk of losing some or all principal and receiving no interest.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked separately to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on December 28, 2027. The notes pay a monthly contingent interest rate of at least 10.25% per annum only when the closing level of each index on a review date is at or above 70.00% of its Initial Value, the Interest Barrier.

The issuer may redeem the notes early, in whole, on designated interest payment dates beginning April 27, 2026, paying $1,000 per note plus any due contingent interest, after which no further payments are made. If the notes are not redeemed and, on the final review date, each index is at or above its 70.00% Trigger Value, investors receive $1,000 per note plus the final contingent interest; otherwise, repayment is reduced by the full loss on the Least Performing Index, and investors can lose some or all principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor. The estimated value, if priced on the example date, would be $977.20 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable barrier notes linked separately to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing in January 2029. The notes can be automatically called as early as January 2027 if each index is at or above its call value, paying back principal plus a call premium of at least 15.50% on the first review date or 31.00% on the second.

If not called, at maturity investors get uncapped, unleveraged exposure to the least performing index: full participation in its gain if all indices finish above their initial levels, return of principal if each stays at or above a 70% barrier, and a loss matching the least performing index’s decline if any finishes below that barrier. The issuer’s estimated value is about $965.20 per $1,000 note, reflecting embedded fees and hedging costs, and investors face full credit and liquidity risk.

JPMorgan Chase Financial Company LLC is offering unsecured, callable structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to January 31, 2031 and can be automatically called on scheduled Review Dates starting in 2027 if the Index closes at or above preset Call Values, paying back principal plus a fixed Call Premium Amount.

The notes pay no interest and do not provide dividends from the underlying equities. If they are not called and the Index finishes below a 60% barrier at maturity, repayment is reduced dollar-for-dollar with the Index loss, so investors can lose more than 40% and up to all of their principal. The Index itself uses a volatility-targeting strategy on E-mini S&P 500 futures with leverage up to 500% and is subject to a 6.0% per annum daily deduction, which drags on performance and can cause the Index to lag an otherwise similar index without this fee.

The minimum denomination is $1,000. If the notes priced on the terms shown, the estimated value would be approximately $886.10 per $1,000, and the final estimated value will not be less than $870.00, reflecting embedded selling costs, hedging costs and dealer margin. The issuer highlights significant risks, including JPMorgan credit risk, lack of listing and limited liquidity, structural complexity, reliance on back-tested Index data and uncertain U.S. tax treatment.