Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC priced a Rule 424(b)(2) offering of $1,542,000 Auto Callable Contingent Interest Notes linked to the lesser performing of the S&P 500 Index and the Russell 2000 Index, due November 5, 2026, and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest of $18.375 per $1,000 each quarter (7.35% per annum) if on a Review Date the closing level of each index is at least 70% of its Initial Value. They may be automatically called on Review Dates (other than the first and final) if both indices are at least their Initial Values; the earliest call date is April 30, 2026.

At maturity, if not called and both indices are at or above 65% Trigger Values, holders receive $1,000 per note plus any final contingent interest; otherwise the payoff declines one-for-one with the lesser-performing index, which can result in losing a significant portion or all principal. Price to public is $1,000 per note, fees $2.50, proceeds to issuer $997.50 per note (total $1,538,145). The estimated value was $987.30 per $1,000 on pricing.

JPMorgan Chase Financial Company LLC priced $458,000 of Auto Callable Contingent Interest Notes linked to the iShares Bitcoin Trust ETF (IBIT), fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a 15.25% per annum contingent coupon (1.27083% monthly) only if IBIT’s closing price on an Interest Review Date is at or above 70.00% of the Initial Value. The Initial Value was $62.30, setting the Interest Barrier/Trigger Value at $43.61. The notes are automatically called on quarterly Autocall Review Dates if IBIT’s price is at or above the Initial Value; the earliest possible call is April 30, 2026. If not called, they mature on November 4, 2027.

At maturity, if IBIT’s Final Value is at or above the Trigger Value, holders receive principal plus the final contingent coupon. If below the Trigger, repayment is reduced by the Fund Return, risking substantial or total principal loss. Price to public is $1,000 per note; estimated value was $918.50 per $1,000. Total fees were $2,692 (about $5.8777 per note), with proceeds to issuer $455,308. Payments are subject to the credit risk of the issuer and guarantor, and the product carries significant bitcoin-related volatility risk.

JPMorgan Chase Financial Company LLC priced $37,000 of Auto Callable Accelerated Barrier Notes linked to the iShares Bitcoin Trust ETF (IBIT), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to settle on or about November 5, 2025 and mature on November 3, 2028.

The notes may be automatically called on November 9, 2026 if the ETF’s closing price on the November 4, 2026 Review Date is at or above the Call Value (100% of the Initial Value). If called, holders receive $1,000 plus a $225 call premium per note. If not called and the Final Value exceeds the Initial Value, maturity pays 1.50 times the Fund’s appreciation; if the Final Value is between the Initial Value and the Barrier Amount (70% of Initial), principal is returned; below the Barrier, losses match the Fund’s decline. The Initial Value was $62.30, setting the Barrier Amount at $43.61.

Per $1,000 note: price to public $1,000, fees $5.8108, proceeds to issuer $994.1892. Totals: price to public $37,000, fees $215, proceeds $36,785. The estimated value was $926.30 per $1,000 at pricing. Payments are subject to the credit risk of the issuer and guarantor, and the structure carries significant risks tied to bitcoin volatility.

JPMorgan Chase Financial Company LLC filed a preliminary 424B2 for Capped Dual Directional Buffered Equity Notes linked to the lesser of the Russell 2000 Index and the S&P 500 Index, due December 30, 2026 and fully guaranteed by JPMorgan Chase & Co. The notes offer unleveraged upside to index gains up to a Maximum Upside Return of at least 14.00% and provide a 10.00% buffer with a dual‑direction feature that can mirror modest declines as gains at maturity. Minimum denomination is $1,000; the notes pay no interest and will not be listed.

If either index falls more than 10.00%, repayment is reduced 1% for each additional 1% decline in the lesser performer, with up to 90.00% principal loss. Illustrative estimated value is $964.20 per $1,000 (final value not less than $900.00 per $1,000 when set). Selling commissions will not exceed $22.25 per $1,000. Payments depend on the lesser‑performing index; dividends are forgone, and investors bear the credit risks of the issuer and guarantor. Expected pricing is on or about November 24, 2025 and settlement on or about November 28, 2025.

JPMorgan Chase Financial Company LLC filed a preliminary 424B2 for Auto Callable Accelerated Barrier Notes linked to the lesser of the Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on November 27, 2026 if each index is at or above its Call Value, paying $1,000 plus a Call Premium Amount of at least $97.50 per note. If not called, at maturity on November 30, 2027 holders get uncapped upside at 1.50x the appreciation of the lesser-performing index; principal is at risk below a 70% barrier.

Minimum denomination is $1,000. If priced today, the estimated value would be about $950.90 per $1,000 note, and will not be less than $900.00 when finalized. Selling commissions will not exceed $27.50 per $1,000 note. The notes pay no interest or dividends and are unsecured obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC is offering Uncapped Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target at least 1.91x any positive index return at maturity on November 29, 2030, with no periodic interest. Minimum denominations are $1,000.

Principal is at risk: if the Final Value falls below the 70% barrier, repayment is reduced one-for-one with index losses and could be zero. If priced today, the estimated value would be approximately $957.50 per $1,000 note and will not be less than $900 when set. Selling commissions will not exceed $11.25 per $1,000. The notes are unsecured obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and guarantor. Expected pricing is on or about November 25, 2025, with settlement on or about December 1, 2025.

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, due November 15, 2028. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., offered in $1,000 minimum denominations, and are expected to price on or about November 10, 2025 and settle on or about November 14, 2025. An automatic call may occur on November 16, 2026, and all payments are subject to the credit risk of the issuer and guarantor.

If each index is at or above its Call Value on the Review Date, holders receive $1,000 plus a Call Premium Amount of at least $157.50. If not called and each final index level exceeds its initial level, the maturity payout reflects 1.75x the appreciation of the least performing index. If any index finishes below its Initial Value but all remain at or above the 70.00% Barrier Amount, investors receive par; otherwise, principal is reduced 1% for each 1% decline of the least performing index. The notes pay no interest, do not provide dividends, and are not listed. If priced today, the estimated value would be approximately $978.30 per $1,000, and will not be less than $900.00 when set; selling commissions will not exceed $9.50 per $1,000.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq‑100, Russell 2000, and S&P 500, due November 30, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide at least 1.59x the gain of the least performing index at maturity if all indices finish above their initial levels. If any index finishes below its 70% barrier, repayment is reduced 1% for each 1% decline of the least performer; if all are at or above the barrier but not above initial, repayment is at par. The notes do not pay interest and pay no dividends from index constituents.

Denominations are $1,000; selling commissions will not exceed $10 per $1,000. If priced today, the estimated value would be about $967.10 per $1,000, and will not be less than $900.00 per $1,000 at pricing. The notes are unsecured, unsubordinated obligations of the issuer, guaranteed by JPMorgan Chase & Co., and are not listed, which may limit liquidity. Expected pricing is on or about November 25, 2025 with settlement on or about December 1, 2025.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to the lesser performing of Bank of America (BAC) and Citigroup (C), due November 5, 2026, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest of at least 8.75% per annum (at least $21.875 per $1,000 per quarter) for any Review Date when the closing price of one share of each Reference Stock is at or above its Interest Barrier (50.00% of Strike Value). They are auto-called if, on any non-final Review Date, both stocks close at or above their Strike Values. If not called and either stock finishes below its Trigger Value (50.00% of Strike), repayment equals $1,000 plus $1,000 times the lesser-performing stock return, which can mean losing more than 50% of principal, up to all.

Key terms include Strike Date October 31, 2025; Review Dates on February 2, April 30, July 31, and November 2, 2026; minimum denominations of $1,000. Strike Values were set at $53.45 (BAC) and $101.23 (C), implying Interest Barriers/Trigger Values of $26.725 and $50.615. If priced today, the estimated value is approximately $980.00 per $1,000 note and will not be less than $950.00 at pricing. Selling commissions will not exceed $5.50 per $1,000. Payments are subject to the credit risk of the issuer and guarantor.