Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering Callable Range Accrual Notes linked to the 10-Year Constant Maturity Treasury (CMT) Rate, maturing on December 18, 2045. The notes pay a fixed 7.00% per annum during the Initial Interest Periods, with monthly interest payments starting January 18, 2026. After December 18, 2030, interest for each period ranges from 0.00% to 7.00% per annum and depends on how many days the 10-Year CMT Rate is at or below 5.00%.

Beginning December 18, 2030, the issuer may redeem the notes monthly at 100% of principal plus accrued interest. If priced on the date assumed in the document, the estimated value would be approximately $940.10 per $1,000 principal amount and, when finally set, will not be less than $910.00 per $1,000. The notes involve significant risks, including the possibility of 0% interest after the Initial Interest Periods, early redemption risk, limited liquidity, reliance on the calculation agent’s discretion for the 10-Year CMT Rate or any successor rate, and the fact that they are not bank deposits or insured by the FDIC.

JPMorgan Chase Financial Company LLC is offering $5,968,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due November 26, 2030. The notes pay a contingent coupon of $8.125 per $1,000 (a 9.75% per annum rate, 0.8125% per month) for any Review Date when the Index closes at or above 75% of its Initial Value of 11,743.52. Missed coupons can be paid later if this barrier is met on a subsequent Review Date.

The notes can be automatically called, starting November 23, 2026, if on a Review Date (other than the first eleven and final dates) the Index is at or above its Initial Value, returning $1,000 plus due and unpaid coupons. If held to maturity and the Index is at or above 85% of its Initial Value, investors receive $1,000 plus the final and any unpaid coupons; below that level, principal is reduced 1% for each 1% decline beyond the 15% buffer, with up to 85% loss of principal possible. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The underlying Index is reduced by a 6.0% per annum daily deduction and a notional financing cost, which drag on performance. The estimated value is $909.40 per $1,000, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $3,870,000 of unsecured Callable Contingent Interest Notes linked to the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing on October 26, 2027.

The notes pay a contingent coupon of 9.35% per year, paid monthly (about $7.79 per $1,000), but only if on each Review Date all three indices are at least 70% of their initial levels. The issuer can redeem the notes early, in whole, on most monthly payment dates starting February 26, 2026, at $1,000 per note plus any due coupon.

If the notes are not redeemed and at maturity any index is below 70% of its initial level, principal is reduced one‑for‑one with the decline of the worst‑performing index, and investors can lose more than 30% and up to all of their money. The notes are not listed, may be hard to sell, and were sold at $1,000 per note versus an estimated value of $953.90, reflecting fees, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $87,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on November 26, 2030. The notes pay a contingent coupon of 10.50% per annum (2.625% per quarter), but only for review dates when the Index closes at or above 60.00% of the initial level; otherwise no interest is paid.

The notes are automatically called, starting November 23, 2026, if on certain review dates the Index closes at or above its initial level, returning $1,000 per note plus the applicable interest, with no further payments. If held to maturity and not called, principal is protected only if the final Index level is at or above 50.00% of the initial level; below that, repayment is reduced one-for-one with the Index decline, and investors can lose most or all of principal. The Index includes a 6.0% per annum daily deduction, which reduces its performance, and the estimated value of each $1,000 note at pricing was $886.90, below the $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering $1,278,000 of uncapped digital barrier notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes mature on November 27, 2028 and are issued in $1,000 minimum denominations.

At maturity, if each index finishes at or above its initial level, investors receive $1,000 plus the greater of a 30.80% contingent digital return or the actual percentage gain of the least performing index. If any index is below its initial level but all are at or above 70% of their initial values, investors receive only principal back. If any index ends below 70% of its initial value, repayment is reduced 1% for each 1% decline of the least performing index, down to a possible total loss.

The notes pay no interest, provide no dividends, and are unsecured obligations subject to the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. The price to public is $1,000 per note, including $20 in fees and commissions, while the estimated value was $946.10 per $1,000 at pricing, and the notes are not expected to be listed on any securities exchange.

JPMorgan Chase Financial Company LLC is offering $6,620,000 of Capped Dual Directional Buffered Equity 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 offer unleveraged upside to index gains with a Maximum Upside Return of 22.60%, and also pay a positive return if the lesser-performing index falls by up to the 10.00% buffer, in which case investors receive the absolute value of that loss, capped at a 10.00% gain. If either index declines by more than 10.00%, investors lose 1% of principal for each additional 1% drop, up to a potential 90.00% loss of principal at maturity.

The notes do not pay interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. The price to the public is $1,000 per note (including $7.25 in selling commissions), with estimated value at issuance of $986.00 per $1,000 note. The notes are expected to settle on or about November 26, 2025 and mature on December 24, 2026, and are not listed on any securities exchange, so liquidity will depend on dealer bidding.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of callable contingent interest notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent coupon of $5.9583 per $1,000 face amount (a 7.15% per annum rate) only if on each review date all three indices are at or above 70% of their initial levels; otherwise no interest is paid for that month. The issuer can redeem the notes early on specified interest payment dates starting February 26, 2026 at $1,000 plus any due coupon. If held to May 26, 2027 and any index finishes below 60% of its initial level, principal is reduced one-for-one with the worst index’s loss, and investors can lose most or all of their investment. The price to public is $1,000 per note, while the estimated value at pricing was $962.60, reflecting embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $520,000 of Auto Callable Accelerated Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500, fully 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 (100% of its initial level), paying $1,000 plus a $183 Call Premium per $1,000 note. If not called and all indices finish above their initial levels on the November 21, 2028 observation date, investors receive 1.5 times the gain of the worst-performing index. If any index finishes below 70% of its initial level, repayment is reduced one-for-one with the loss on the least performing index, and investors can lose all principal. The price to public is $1,000 per note, with an estimated value of $954.80, no interest or dividends, and unsecured credit exposure to JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $819,000 of Auto Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index and the SPDR S&P Regional Banking ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of 12.00% per annum (1.00% per month) only if, on a given review date, each underlying is at or above 70% of its initial value, and they may be automatically called beginning May 21, 2026 if each underlying is at or above its initial value. Unless called earlier, the notes mature on October 26, 2027, and if any underlying finishes below 60% of its initial value at final observation, investors lose principal in line with the decline of the worst performer, potentially up to a total loss. The price to public is $1,000 per note, with an estimated value of $969.10, and the notes are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and the guarantor.