Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year, auto callable notes linked to the MerQube US Large-Cap Vol Advantage Index. The Index provides rules-based exposure to E-Mini S&P 500 futures with a maximum futures exposure of 500% and can go as low as 0%, and its level reflects a 6.0% per annum daily deduction.

After an initial one-year non-call period, the notes are reviewed daily and are automatically called if the Index is at or above the applicable Call Value, paying $1,000 plus a Call Premium Amount based on a Call Premium Rate that will be at least 14.00%. If the notes are not called and the Final Value is below the 60.00% Barrier Amount, repayment at maturity is $1,000 plus $1,000 times the Index Return, so investors can lose more than 40% and up to all of principal. The estimated value will not be less than $870.00 per $1,000 note, and all payments depend on the credit of the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Palantir Technologies Inc., maturing on May 26, 2027 and fully guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon at a rate of at least 17.60% per annum (at least $14.6667 per $1,000 each month) if Palantir’s share price on a review date is at or above 50.00% of its initial level, with unpaid coupons accruing and potentially paid later if the barrier is met.

The notes can be automatically called as early as May 21, 2026 if Palantir’s share price is at or above the initial value, returning $1,000 per note plus due and unpaid interest. If the notes are not called and Palantir’s final price is below the 50.00% trigger, repayment is reduced one-for-one with the stock’s decline, so investors can lose more than 50% and up to all of their principal. The estimated value is currently about $955.60 per $1,000 note and will not be less than $900.00 at pricing, and returns also depend on the credit of JPMorgan Chase Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured Callable Contingent Interest Notes linked to the least performing of the S&P 500 Index, Nasdaq-100 Index and VanEck Semiconductor ETF, maturing on May 26, 2027, in $1,000 minimum denominations.

The notes pay a contingent coupon of at least 10.20% per annum, or at least 0.85% per month, but only for Review Dates when the closing value of each underlying is at or above 70% of its Initial Value (the Interest Barrier. If any underlying is below its barrier on a Review Date, no interest is paid for that month.

JPMorgan may redeem the notes early, in whole, on specified Interest Payment Dates starting on May 27, 2026 at $1,000 plus any due contingent interest. At maturity, if any underlying finishes below 60% of its Initial Value (its Trigger Value), principal is reduced 1% for each 1% decline in the least performing underlying, resulting in a loss of more than 40% and up to all of the initial investment. The preliminary estimated value is about $960.50 per $1,000 note, and will not be less than $930.00 per $1,000 when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the least performing of Chipotle Mexican Grill, Costco Wholesale and Oracle common stocks, maturing on November 29, 2028. The notes pay a monthly contingent interest rate of at least 15.20% per annum (at least $12.6667 per $1,000 note each month) only if on a review date each stock closes at or above 60% of its initial value.

The notes may be automatically called as early as May 26, 2026 if, on certain review dates, each stock closes at or above its initial value, in which case investors receive $1,000 per note plus due and unpaid contingent interest. If the notes are not called and any stock finishes below 50% of its initial value at maturity, repayment of principal is reduced one-for-one with the decline of the worst stock, and investors can lose most or all of their principal. The estimated value is approximately $938.40 per $1,000 note and will not be less than $900.00, and the notes are unsecured, not listed, and subject to the credit risk of both issuers.

JPMorgan Chase Financial Company LLC is offering $7,750,000 of Uncapped Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, due November 18, 2030, fully guaranteed by JPMorgan Chase & Co. The notes provide an uncapped leveraged upside of 2.10 times any positive return of the worst-performing index at maturity, but offer no interest or dividends. If all three indices stay at or above 70% of their initial levels, investors receive full principal back; if any index finishes below this barrier, repayment is reduced one-for-one with the decline of the worst index and principal losses can reach 100%. The price to public is $1,000 per note, with estimated value of $982.10 and proceeds to the issuer of $993 per note before hedging and structuring effects.

JPMorgan Chase Financial Company LLC is offering Series A medium-term Digital Equity Notes due January 22, 2027, linked to the Class A common stock of Meta Platforms, Inc. Each note has a $1,000 principal amount and pays no interest. At maturity, if Meta’s final stock level is at least 85% of its initial level, investors receive a fixed cash amount, the threshold settlement amount, expected to range from $1,171.50 to $1,201.20 per $1,000 note. If Meta’s final level falls more than 15% below the initial level, repayment of principal is reduced on a leveraged basis at a buffer rate of approximately 1.1765, and investors can lose their entire investment.

The notes are unsecured obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are subject to both entities’ credit risk. The estimated value at pricing is expected between $968.10 and $978.10 per $1,000 note, reflecting selling commissions, hedging costs and structuring margins. The notes will not be listed on any securities exchange, have no redemption feature, and secondary market liquidity, if any, will be provided on a discretionary basis by J.P. Morgan Securities LLC. The tax treatment is uncertain and may be affected by future IRS or Treasury guidance, so investors are urged to consult tax advisers.

JPMorgan Chase Financial Company LLC is offering structured review notes linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have $1,000 minimum denominations and can be automatically called on scheduled Review Dates starting in May 2026 if each index is at or above its Call Value.

If called, investors receive $1,000 plus a Call Premium Amount that starts at at least 6.00% of $1,000 and steps up over time to at least 60.00% by the final Review Date. If the notes are not called and either index finishes below 75.00% of its Initial Value, repayment of principal is reduced in line with the decline of the lesser performing index, and all principal can be lost. The notes pay no interest, provide no dividends, are unsecured obligations subject to JPMorgan credit risk, may be accelerated after certain legal changes, and have limited liquidity. The estimated value example is $957.00 per $1,000 note, reflecting embedded costs.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer at least 1.40 times any positive return of the weaker index at maturity, with a barrier set at 75.00% of each index’s initial level.

If both indices finish above their initial levels, investors receive $1,000 plus the leveraged gain based on the lesser performing index. If either index ends at or below its initial level but both stay at or above the 75.00% barrier, principal is returned. If either index closes below its barrier, repayment is reduced one-for-one with the decline in the lesser performing index, and all principal can be lost. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both issuers, are not listed on any exchange, and the estimated value, if priced today, would be approximately $985.90 per $1,000 note, with a final estimated value not less than $960.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked to the lesser performance of the Russell 2000® and S&P 500® indices, maturing on May 18, 2027. The notes can pay a contingent coupon of at least 9.45% per annum, paid monthly, but only when the closing level of each index on a Review Date is at or above 65% of its Strike Value; otherwise no interest is paid for that period.

The issuer may redeem the notes early, in whole, on specified Interest Payment Dates starting February 19, 2026, paying $1,000 per note plus any due contingent interest. If the notes are not redeemed and on the final Review Date either index is below its 65% Trigger Value, principal is reduced 1% for each 1% decline in the lesser-performing index, leading to losses of more than 35% and possibly all principal.

The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., are not bank deposits or FDIC insured, and are not exchange-listed. The estimated value, if priced on the described terms, is about $987.20 per $1,000 note and will not be less than $900.00 at pricing, reflecting embedded selling, structuring and hedging costs, and secondary market prices are expected to be below the issue price.