Alerian MLP Index ETN SEC Filings

JPMorgan Chase & Co. announced significant leadership changes and new equity awards. Doug Petno and Troy Rohrbaugh, previously Co-CEOs of the Commercial & Investment Bank, have been elected Co-Presidents of the firm, effective immediately. Petno will serve as sole CEO of the Commercial & Investment Bank, while Rohrbaugh becomes CEO of Consumer & Community Banking.

Marianne Lake, current CEO of Consumer & Community Banking, will retire after more than 25 years and will assist with a transition period. To support succession planning and leadership continuity, the Compensation & Management Development Committee granted one-time retention Restricted Stock Unit awards: $30 million each to Petno and Rohrbaugh, and $20 million each to Mary Erdoes and Jennifer Piepszak.

The RSU awards cliff-vest after three years and require JPMorgan Chase to achieve a three-year average return on tangible common equity of 12% for 2026–2028. Net shares are subject to a further two-year holding period and are governed by the firm’s stock ownership guidelines, recoupment policy, and protection-based vesting provisions.

JPMorgan Chase & Co. released the results of its company-run 2026 Dodd-Frank Act Stress Test for the firm and JPMorgan Chase Bank, N.A., under the Federal Reserve’s Supervisory Severely Adverse Scenario.

Under this hypothetical nine-quarter scenario from 1Q26 to 1Q28, the firm’s common equity tier 1 capital ratio starts at 14.6% in 4Q25, with a projected minimum of 12.4% and 14.4% at 1Q28, against a regulatory capital minimum of 4.5%. Basel III Standardized risk‑weighted assets rise from $1,982 billion in 4Q25 to a projected $2,089 billion in 1Q28.

Across the projection period, JPMorgan Chase projects pre‑provision net revenue of $135.9 billion and cumulative loan losses of $70.2 billion, with net income before taxes of $11.4 billion. The scenario assumes a peak U.S. unemployment rate of 10.0% and a 58% trough in a broad stock market index, highlighting the firm’s modeled performance in a severe recession.

JPMorgan Chase & Co. released the results of its company-run 2026 Dodd-Frank Act Stress Test for the firm and JPMorgan Chase Bank, N.A., under the Federal Reserve’s Supervisory Severely Adverse Scenario.

Under this hypothetical nine-quarter scenario from 1Q26 to 1Q28, the firm’s common equity tier 1 capital ratio starts at 14.6% in 4Q25, with a projected minimum of 12.4% and 14.4% at 1Q28, against a regulatory capital minimum of 4.5%. Basel III Standardized risk‑weighted assets rise from $1,982 billion in 4Q25 to a projected $2,089 billion in 1Q28.

Across the projection period, JPMorgan Chase projects pre‑provision net revenue of $135.9 billion and cumulative loan losses of $70.2 billion, with net income before taxes of $11.4 billion. The scenario assumes a peak U.S. unemployment rate of 10.0% and a 58% trough in a broad stock market index, highlighting the firm’s modeled performance in a severe recession.

JPMorgan Chase & Co. is planning a higher dividend and a large new buyback program. The Board of Directors intends to raise the quarterly common stock dividend to $1.65 per share from $1.50 per share for the third quarter of 2026, subject to customary Board approval.

The Board has also authorized a new common share repurchase program of $50 billion, effective July 1, 2026, with actual repurchases at management’s discretion. The firm’s Stress Capital Buffer remains 2.5%, keeping its Standardized Common Equity Tier 1 capital ratio requirement, including regulatory buffers, at 11.5%. JPMorgan Chase reported $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026.

JPMorgan Chase & Co. is planning a higher dividend and a large new buyback program. The Board of Directors intends to raise the quarterly common stock dividend to $1.65 per share from $1.50 per share for the third quarter of 2026, subject to customary Board approval.

The Board has also authorized a new common share repurchase program of $50 billion, effective July 1, 2026, with actual repurchases at management’s discretion. The firm’s Stress Capital Buffer remains 2.5%, keeping its Standardized Common Equity Tier 1 capital ratio requirement, including regulatory buffers, at 11.5%. JPMorgan Chase reported $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026.

JPMorgan Chase & Co.’s General Counsel, Stacey Friedman, reported an open-market sale of 5,467 shares of common stock at an average price of $330.7337 per share on June 22, 2026. After this transaction, she holds 40,961 shares directly. She also reports indirect holdings of 16,196 shares held by a trust and 79,468 shares held by a GRAT, showing additional exposure through estate-planning vehicles alongside her direct position.

JPMorgan Chase & Co.’s General Counsel, Stacey Friedman, reported an open-market sale of 5,467 shares of common stock at an average price of $330.7337 per share on June 22, 2026. After this transaction, she holds 40,961 shares directly. She also reports indirect holdings of 16,196 shares held by a trust and 79,468 shares held by a GRAT, showing additional exposure through estate-planning vehicles alongside her direct position.

Stacey Friedman reported a sale of Common Stock under Rule 144. The filing shows a disposition on 05/20/2026 of 5468 shares with proceeds of $1,641,855.82.

The securities were acquired as equity awards on 01/13/2026; the record also lists 5467 shares associated with that acquisition date. This filing notifies the market of a reported Rule 144 sale by an affiliated holder.

Stacey Friedman reported a sale of Common Stock under Rule 144. The filing shows a disposition on 05/20/2026 of 5468 shares with proceeds of $1,641,855.82.

The securities were acquired as equity awards on 01/13/2026; the record also lists 5467 shares associated with that acquisition date. This filing notifies the market of a reported Rule 144 sale by an affiliated holder.

JPMorgan Chase & Co. is offering callable fixed rate notes with a 4.80% per annum coupon, priced on June 18, 2026 and issued on June 23, 2026. The notes mature on June 23, 2031 and may be redeemed at the issuer's option on semiannual Redemption Dates each June 23 and December 23 beginning June 23, 2028 through December 23, 2030.

Interest is paid annually on June 23 (first payment June 23, 2027) using a 30/360 day count and specified accrual conventions. Selling commissions are estimated at about $6.50 per $1,000 note (not to exceed $7.50). The notes are unsecured, not FDIC insured, and holders would rank as unsecured creditors in a resolution under the issuer’s described single point of entry strategy.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to the State Street SPDR S&P Regional Banking ETF, due June 22, 2029. The notes pay Contingent Interest Payments on Review Dates if the Fund's closing price is ≥ the Interest Barrier (70.00% of Initial Value) and will be automatically called if the Fund's closing price on a Review Date is ≥ the Initial Value. The estimated value at launch is approximately $960.00 per $1,000 note (will not be less than $940.00), the minimum contingent interest rate is 8.25% per annum, and minimum denominations are $1,000.

The notes are unsecured obligations of JPMorgan Financial and fully guaranteed by JPMorgan Chase & Co., and they carry credit, market, liquidity, and product‑structure risks, including potential loss of principal if the Final Value is below the Trigger Value.

JPMorgan Chase Financial Company LLC is offering auto-callable barrier notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100®; the notes are fully and unconditionally guaranteed by JPMorgan Chase & Co. Pricing is expected on or about June 30, 2026 with settlement around July 6, 2026. The notes carry a Barrier Amount of 60.00% of initial values, a minimum Call Premium Amount of $222.50 per $1,000 if automatically called, and minimum denominations of $1,000. If not called, maturity mechanics link payoff to the least performing Index return on the Observation Date; downside exposure can exceed 40.00% and may result in total loss of principal. Estimated indicative value is approximately $960.00 per $1,000 (no less than $940.00).

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes due May 23, 2028, fully guaranteed by JPMorgan Chase & Co. The notes pay monthly contingent interest only if both the S&P 500 Index and the VanEck Semiconductor ETF are at or above 70.00% of their initial values on each Review Date and may be automatically called beginning September 18, 2026. The notes return principal at maturity only if the lesser performing underlying is at or above its 60.00% Trigger Value; otherwise the maturity payment is reduced proportionally to the Lesser Performing Underlying Return. Estimated value at pricing is approximately $978.40 per $1,000 note (minimum estimated value $900.00); minimum purchase denomination is $1,000. Payments and secondary market liquidity depend on issuer/guarantor credit and market conditions.

JPMorgan Chase Financial Company LLC is offering structured notes linked to the MerQube US Tech+ Vol Advantage Index, due June 26, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called on scheduled Review Dates beginning June 24, 2027 for cash equal to principal plus a Call Premium (ranging from at least 24% on the first Review Date to 120% on the final Review Date). The Index reflects a 6.0% per annum daily deduction and a notional financing cost tied to the QQQ Fund; these deductions materially reduce index performance. Investors can lose up to 85.00% of principal at maturity if the Final Value declines more than the 15.00% Buffer. Notes priced around June 22–25, 2026 in minimum denominations of $1,000; estimated initial value is approximately $908.50 and will not be less than $900.00 per $1,000 principal amount when set.