Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC plans to issue structured notes linked to the least performing of three stocks: QUALCOMM, Constellation Energy and Palantir Class A, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on December 20, 2030, are issued in $1,000 denominations and return full principal at maturity, subject to the credit risks of the issuer and guarantor.

At maturity, investors receive $1,000 per note plus an Additional Amount equal to $1,000 multiplied by the worst-performing stock’s return times a participation rate of at least 193.75%, but not less than zero. If any reference stock finishes at or below its initial value, only principal is repaid and no upside is paid. The notes pay no interest, do not provide dividends and are not listed on any exchange, so liquidity may be limited. The indicative estimated value is about $945.20 per $1,000 note and will not be less than $900.00, reflecting embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Accelerated Barrier Notes linked to the S&P 500® Futures Excess Return Index, maturing on December 17, 2030. The notes provide at least 2.045x any positive index performance at maturity, with no upside cap.

If the index finishes at or above 70% of its initial level, investors receive at least their $1,000 principal per note; if it falls below that barrier, principal loss matches the full index decline from the initial level, up to a total loss. The notes pay no interest, are issued in minimum denominations of $1,000, and are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. If priced on the indicated date, the estimated value would be about $974.50 per $1,000 note, and will not be less than $940.00 when finalized.

JPMorgan Chase Financial Company LLC is offering digital barrier notes linked to the lesser performer of the Nasdaq-100 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature in December 2028 and are designed to pay a fixed return of at least 29.20% at maturity if each index finishes at or above 80% of its initial level, known as the Barrier Amount.

If either index closes below its barrier on the observation date, principal is exposed one-for-one to the decline of the lesser-performing index and investors can lose some or all of their investment. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are not FDIC insured, and will not be listed on any exchange, so liquidity will rely on JPMS making a market.

The estimated value, if priced on the described date, would be about $980 per $1,000 note and will not be less than $950 per $1,000 at pricing, reflecting embedded structuring and hedging costs and an internal funding rate. A structuring fee of $8 per $1,000 note may be paid to dealers, and secondary market prices are expected to be below the original issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Index, maturing on December 16, 2027. Each note has a $1,000 denomination and provides unleveraged exposure to index moves.

At maturity, investors can earn upside one-for-one with the index, capped at a Maximum Upside Return of at least 17.35%. If the S&P 500 declines by up to the 20.00% buffer, the notes pay a positive return equal to the absolute decline, up to a maximum payment of $1,200 per $1,000 note when the index return is negative. If the index falls by more than 20.00%, principal is reduced 1% for each additional 1% drop, with losses up to 80.00% of principal.

The notes pay no interest or dividends, are unsecured and unsubordinated, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. They will not be listed on an exchange, and secondary market prices are expected to be below the original issue price. The estimated value would be about $988.10 per $1,000 note if priced on the indicated date and will not be less than $950.00, reflecting selling commissions, hedging costs and issuer funding assumptions.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, maturing on December 16, 2030. The notes may be automatically called as early as December 15, 2026 if the Index is at or above 90% of its initial level, paying back $1,000 per note plus a preset call premium (starting at 11% and rising to 55% by the final review date).

If the notes are not called, investors are protected by a 15% downside buffer at maturity, but can lose 1% of principal for each 1% Index decline beyond that, up to a maximum loss of 85%. The Index embeds a 6.0% per annum daily deduction and a notional financing cost tied to SOFR, which can significantly drag on performance. The minimum denomination is $1,000, and the issuer’s estimated value, if priced today, is about $907.80 per $1,000 note, and will not be less than $900 when set.

JPMorgan Chase & Co. plans to issue callable fixed-rate notes due December 12, 2030. The notes pay interest at a fixed rate of 4.10% per annum, calculated on a 30/360 basis, with interest paid in arrears on June 12 and December 12 of each year, beginning June 12, 2026.

On the maturity date, holders receive the principal amount plus any accrued and unpaid interest, as long as the notes have not been called. JPMorgan may redeem the notes early on December 12, 2029, in whole but not in part, at 100% of principal plus accrued and unpaid interest.

The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not insured by the FDIC or any other governmental agency. The company explains that in a resolution or bankruptcy scenario, losses would be borne first by equity holders and then by unsecured creditors, including holders of these notes, whose claims would be structurally junior to creditors of JPMorgan’s subsidiaries. Tax counsel expects the notes to be treated as fixed-rate debt instruments for U.S. federal income tax purposes.

JPMorgan Chase & Co. filed a Form 4 insider report for director Todd A. Combs. The filing indicates it is being submitted by one reporting person in his capacity as a director of JPMorgan Chase & Co. The document lists an earliest transaction date of 12/07/2025, but the provided tables do not show specific non-derivative or derivative security transaction details or holdings in this excerpt.

JPMorgan Chase Financial Company LLC is offering Medium-Term Notes, Series A, Capped Buffered Enhanced Participation Equity Notes due September 22, 2027, linked to the S&P 500® Index and fully guaranteed by JPMorgan Chase & Co. Each $1,000 note pays no interest and returns cash at maturity based on index performance between the trade date and September 20, 2027.

If the index rises, holders receive 1.60 times the index gain, up to a maximum settlement amount expected between $1,183.68 and $1,216.00 per $1,000 note. If the index falls by up to 12.50%, principal is repaid in full. Below this buffer, losses are magnified by a buffer rate of about 1.1429, so a large decline could result in a significant or total loss of principal.

The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and JPMorgan Chase & Co., are not listed or redeemable, and have an estimated value at pricing expected between $979.60 and $989.60 per $1,000. Tax treatment is complex, the notes provide no dividends or voting rights, and secondary market prices and liquidity will depend on market conditions and JPMS market-making activity.

JPMorgan provides a performance update on the MerQube US Small-Cap Vol Advantage Index, a rules-based index offering dynamic exposure to unfunded rolling positions in E‑Mini Russell 2000 futures. The index targets 35% volatility, can vary its futures exposure between 0% and 500%, and applies a 6.0% per annum daily deduction to index levels.

The update presents hypothetical and actual performance and volatility from November 2015 through November 2025, using backtested data before June 17, 2022 and actual index levels from June 21, 2022 through November 30, 2025. It repeatedly stresses that past and especially hypothetical backtested performance are not indicative of future results and that alternative modelling could produce very different outcomes. The document also outlines extensive risks, including leverage and futures risks, small-cap and concentration exposure, limited operating history and potential periods when the index may be significantly uninvested. Notes linked to the index are not bank deposits, are not insured by the FDIC or any governmental agency, and are not obligations of, or guaranteed by, a bank, and neither the SEC nor any state securities commission has approved or disapproved them.