Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked separately to the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target monthly contingent interest of at least 7.45% per annum (0.62083% per month) whenever each index closes at or above 75% of its Initial Value, called the Interest Barrier.

The notes can be automatically called as early as November 30, 2026 if each index is at or above its Initial Value on a relevant review date. If held to maturity without being called, principal is protected only as long as the least performing index finishes at or above a 65% Trigger Value; below that, investors lose 1% of principal for each 1% index decline and could lose their entire investment. The preliminary estimated value is about $937.10 per $1,000 note and will not be less than $900. The notes are unsecured, pay no dividends and may be illiquid, with secondary prices likely below the original issue price.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the lesser performance of Meta Platforms Class A shares and United Rentals common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly Contingent Interest Payment only when each stock closes at or above 50% of its Initial Value, with missed interest amounts paid later if conditions are met. If, on an eligible Review Date, each stock is at or above its Call Value, currently illustrated as 90% of Initial Value, the notes are automatically called early and pay principal plus the applicable interest.

At maturity, if not called and the lesser performing stock finishes at or above its Trigger Value, illustrated as 50% of Initial Value, investors receive principal plus all due contingent interest; if it finishes below that Trigger Value, repayment is reduced 1% for each 1% decline and losses can reach 100% of principal. Hypothetical illustrations use a Contingent Interest Rate of 14.05% per annum, and the estimated value is currently shown as approximately $970.00 per $1,000 note, not less than $950.00 when finalized, reflecting structuring and hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC is offering auto-callable Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on December 19, 2030 and guaranteed by JPMorgan Chase & Co. The notes may be called early, as soon as December 21, 2026, if the Index closes at or above preset call levels, paying fixed call premiums that range from $165 to $825 per $1,000 note (16.5% to 82.5% total return).

The Index uses leveraged exposure of up to 500% to E-mini S&P 500 futures and targets 35% implied volatility, but is reduced by a 6.0% per annum daily deduction, which drags on performance. If the notes are not called and the Index falls below a 60% barrier at final valuation, principal is exposed one-for-one to Index losses and can be fully lost. The estimated value, if priced today, is $886.90 per $1,000 note and will not be less than $870.00 when finalized. The notes pay no interest or dividends and carry the unsecured credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Contingent Income Auto-Callable Securities due November 30, 2028, linked to the common stock of Eli Lilly and Company (LLY). These principal-at-risk notes can pay a contingent quarterly coupon of at least 3.45% of the $1,000 principal ($34.50) whenever Eli Lilly’s closing price on a determination date is at or above 70% of the initial stock price, called the downside threshold level. If the price is below this level on a determination date, no coupon is paid for that quarter.

The notes are auto-callable: if Eli Lilly’s price is at or above the initial stock price on any determination date (other than the final one), investors receive early redemption of $1,000 plus the applicable coupon and the investment ends. If the notes are not called and the final stock price is at or above the downside threshold, investors receive $1,000 plus the final coupon. If the final stock price is below the downside threshold, repayment of principal falls in line with Eli Lilly’s share decline on a 1-to-1 basis and can be zero, meaning a total loss of principal.

The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., and will not be listed on any exchange. An indicative estimated value is about $964.70 per $1,000 principal, and the final estimated value on the pricing date will not be less than $940.00 per $1,000. Key risks highlighted include potential loss of all principal, the possibility of receiving few or no coupons, exposure to JPMorgan’s credit risk, limited secondary market liquidity, conflicts of interest in pricing and hedging, and uncertain U.S. federal income tax treatment, particularly for Non-U.S. Holders.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on November 29, 2030. The notes provide uncapped, unleveraged exposure to any gain in the worst-performing index at maturity, subject to a contingent digital return of at least 61.00% and a barrier for each index set at 70.00% of its initial level.

If all three indices finish at or above their initial values, investors receive the greater of the contingent digital return or the actual return of the least performing index on a $1,000 principal amount. If any index finishes below its initial value but all are at or above their barriers, principal is returned. If any index closes below its barrier, repayment is reduced one-for-one with the decline of the least performing index, and the entire principal can be lost. The notes pay no interest or dividends, are unsecured, and carry the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. A current example estimated value is approximately $940.00 per $1,000 note, and the final estimated value will not be less than $920.00.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay a monthly Contingent Interest Payment if the Index is at or above 70.00% of the Initial Value, and will be automatically called quarterly if the Index is at or above the Initial Value, with the earliest call date on May 26, 2026. A hypothetical Contingent Interest Rate is 17.50% per annum, and the estimated value would be about $923.00 per $1,000 note, not less than $900.00 when set.

Principal is at risk: if the notes are not called and the Final Value is below a 50.00% Trigger Value, repayment is reduced 1% for each 1% Index decline, potentially to zero. The underlying Index uses leveraged exposure to E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which creates a drag on performance. Investors do not receive dividends, the notes are unsecured obligations subject to JPMorgan credit risk, may be illiquid, and secondary prices are expected to be below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to December 1, 2027.

At maturity, holders receive leveraged upside of at least 1.1055 times any positive return of the least performing index, and a capped positive return equal to the absolute value of index declines up to a 20.00% buffer. If any index falls by more than 20.00%, principal is reduced 1% for each additional 1% drop, up to an 80.00% loss.

The notes pay no interest, provide no dividends on index components, and are unsecured obligations subject to the credit risk of both the issuer and guarantor. They are not exchange-listed, and secondary market prices are expected to be below the $1,000 issue price, with an estimated initial value of approximately $983.60 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index, maturing in December 2030. Each note has a $1,000 minimum denomination and can pay a quarterly Contingent Interest Payment of at least $26.375, equivalent to a rate of at least 10.55% per annum, but only when the Index closes at or above 60% of its initial level on a Review Date.

The notes may be automatically called on certain review dates starting in December 2026 if the Index is at or above its initial level, returning $1,000 plus the applicable interest. If the notes are not called and the Index ends below 50% of its initial level, investors lose principal on a 1:1 basis with the Index decline and can lose their entire investment. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The estimated value is approximately $898.90 per $1,000 note and will not be less than $880.00 when finalized.