Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on May 21, 2027. Each note has a $1,000 denomination.

Holders may receive a contingent interest payment of at least 7.60% per annum (0.63333% per month) on any review date where all three indices close at or above 70% of their initial values; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified interest payment dates, paying $1,000 plus any due contingent interest.

At maturity, if not redeemed early, investors receive $1,000 plus any final contingent interest if each index is at or above 65% of its initial value. If any index is below that trigger, repayment is reduced in proportion to the decline of the worst-performing index, and investors can lose some or all principal. The preliminary estimated value is approximately $965 per $1,000 note and will not be less than $900 per note when finalized.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Micron Technology, Inc. (MU), maturing on May 25, 2027, in $1,000 denominations. The notes can pay a monthly contingent interest rate of at least 23.25% per annum (at least $19.375 per $1,000 per month) if, on a given review date, Micron’s share price is at or above an interest barrier set at 60% of the initial value. The notes are automatically called from the third review date onward if Micron closes at or above its initial value, returning $1,000 plus the applicable contingent interest for that date.

If the notes are not called and Micron’s final price is at or above a 50% trigger value, investors receive $1,000 per note at maturity plus any final contingent interest. If the final price is below the trigger, repayment of principal is reduced in line with Micron’s decline, and investors can lose more than half or all of their principal. The notes are unsecured obligations exposed to the credit risk of JPMorgan entities. The issuer estimates the current value at about $954.70 per $1,000 note and states the final estimated value at pricing will not be less than $900.00 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Review Notes linked to a WTI crude oil futures contract due November 19, 2027. The notes can be automatically called early if, on a Review Date (November 17, 2026 or November 16, 2027), the NYMEX WTI crude oil nearby futures contract (CL1 or, in certain cases, CL2) is at or above the applicable Call Value.

If called, investors receive $1,000 per note plus a Call Premium Amount, at least 14.30% on the first Review Date or at least 28.60% on the final Review Date. If the notes are not called and the Final Value is at or above the 90% Barrier Amount, investors receive their $1,000 principal back at maturity.

If the notes are not called and the Final Value is below the Barrier Amount, repayment is $1,000 plus $1,000 times the contract return, so investors lose 1% of principal for each 1% decline from the Initial Value and could lose their entire investment. The notes pay no interest, are unsecured obligations subject to the credit risk of both issuers, are not listed, and may have limited liquidity. The estimated value is illustrated at approximately $951.10 per $1,000 note and will not be less than $930.00, reflecting embedded selling commissions, a structuring fee and hedging costs.

J.P. Morgan filed a Rule 424(b)(3) index supplement under Registration Statement Nos. 333-270004 and 333-270004-01, updating materials for the J.P. Morgan Total Return SM Index.

The update presents hypothetical backtested and actual historical monthly and annual returns and weights. Backtesting uses alternative performance for some Basket Constituents from May 3, 2004 to June 25, 2014, then backtested performance using actual constituent data from June 26, 2014 to July 12, 2017, followed by actual index performance from July 13, 2017 to October 31, 2025. The methodology described is the one currently used to calculate the Index, with reminders that past performance and allocations are not indicative of future results.

Key risks highlighted include: the Index’s limited operating history (established July 13, 2017), momentum strategy risks, monthly rebalancing and weighting constraints, potential correlation effects among constituents, and fixed-income market exposures (including high-yield, MBS, preferreds, floating-rate notes, and emerging markets). The materials note a historical volatility threshold of 5% that may not be maintained and the credit risk of JPMorgan Chase Bank, N.A.. JPMS, as Index Sponsor, may make adjustments that affect index levels.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Contingent Buffered Equity Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $10,000,000 at $1,000 per note, with selling fees of $15.83 per note and proceeds to the issuer of $9,841,700. The estimated value is $978.60 per $1,000 note.

The notes provide unleveraged upside to the Index capped at a Maximum Upside Return of 8.25%, and a positive return equal to the Absolute Index Return when the Index declines by up to the Contingent Buffer Amount of 46.95%. If the Index falls by more than 46.95% from the Index Strike Level of 6,654.95, investors lose 1% of principal for each 1% further decline and may lose all principal. No interest or dividends are paid.

Key dates: Strike Date November 7, 2025; Pricing Date November 10, 2025; Valuation Date December 30, 2027; Maturity Date January 4, 2028. Minimum denominations are $10,000 and integral multiples of $1,000. The notes are unsecured and not FDIC insured.

JPMorgan Chase Financial Company LLC is offering unsecured "Review Notes" linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as November 23, 2026 if the Index is at or above a preset Call Value, paying back principal plus a fixed Call Premium Amount.

The notes pay no interest or dividends and expose holders to loss of some or all principal if, at maturity in November 2030, the Index finishes below a 50% Barrier Amount. The Index itself is highly engineered: it uses leveraged exposure (up to 500%) to E-mini S&P 500 futures, targets 35% implied volatility, and applies a 6.0% per annum daily deduction that drags performance. The minimum denomination is $1,000, and the estimated value is expected to be about $905 per $1,000, not less than $900, reflecting embedded costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,038,000 of auto callable barrier notes linked to the lesser performance of the Russell 2000 Index and the S&P 500 Index, maturing November 10, 2028. The notes may be automatically called on November 13, 2026 if each index is at or above its Call Value, paying $1,000 plus a $162.50 call premium per note. If not called, investors receive uncapped, unleveraged exposure to any gain in the lesser performing index at maturity, but lose principal 1-for-1 if that index finishes below 60% of its initial level, with the potential to lose all principal. The notes pay no interest, do not pass through dividends, are unsecured, not FDIC insured, not exchange-listed, and carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The estimated value is $971.90 per $1,000 note, below the issue price due to structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $1,858,000 of structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to auto-call as early as November 13, 2026 if the Index is at or above the Call Value, paying back $1,000 per note plus a call premium that starts at 18.25% of principal and steps up to 91.25% on the final review date.

If the notes are not called, principal is protected only down to a 15% buffer; if the Index falls more than that, repayment is reduced dollar-for-dollar and investors can lose up to 85% of principal at maturity on November 13, 2030. The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which drags on performance versus an undeducted index.

The notes pay no interest or dividends, are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, and all payments depend on the credit of the issuer and guarantor. The price to public is $1,000 per note, with $44 in fees and commissions and an estimated value of $909.20 per $1,000 at pricing.

JPMorgan Chase & Co. provides an index supplement describing historical and hypothetical performance for the S&P 500 Daily Risk Control 10% Index through October 31, 2025. The table shows monthly and annual percentage returns from 1999 to 2025, including a mix of backtested data before May 13, 2009 and actual index levels thereafter.

The material emphasizes that backtested results use proxies and may differ significantly from real-world outcomes, and that past performance is not indicative of future results. It highlights key risks, including that the index may not meet its 10% volatility target, may be significantly uninvested at times, and reflects deductions for a notional financing cost whose calculation methodology was recently changed. The update replaces prior written materials about this index.