Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is issuing $3,170,000 of Auto Callable Yield Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 6.25% per annum, or 0.52083% monthly, and may be automatically called as early as November 23, 2026 if the Index is at or above its initial level on a Review Date. If not called and the Index falls more than 15% at maturity, investors lose 1% of principal for each 1% decline beyond the 15% buffer, up to an 85% loss.

The Index applies a 6.0% per annum daily deduction and a notional financing cost, which drag performance and can cause the Index to lag an otherwise similar index. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may have limited or no liquidity. The price to public is $1,000 per note, including $39 in fees, while the initial estimated value is $914.90 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,183,000 of Market Linked Securities under its global medium-term note program. Each security has a $1,000 principal amount, with a price to the public of $1,000, selling fees of $23.25 and proceeds to the issuer of $976.75 per security.

The notes mature on December 3, 2026 and are linked to the lowest performing of four sector ETFs: Technology (XLK), Energy (XLE), Health Care (XLV) and Consumer Staples (XLP). If that lowest fund is above its starting price at maturity, investors receive leveraged upside with a 156.20% participation rate. If it is at or below its starting price but at or above 85% of that level, investors receive a positive “absolute value” return on the decline.

If the lowest fund finishes below its 85% threshold, principal is reduced 1-for-1 beyond the 15% buffer and investors can lose up to 85% of principal. The issuer’s estimated value is $957.40 per security, below the issue price due to selling commissions and hedging costs. The securities are unsecured, subject to issuer and guarantor credit risk, and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable GEARS linked to the common stock of Constellation Energy Corporation (CEG), fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering size is $11,548,000, in $10 denominations (minimum investment $1,000), maturing on November 27, 2028.

If on the November 30, 2026 observation date CEG closes at or above the autocall barrier of $338.11 (100% of the initial value), the notes are automatically called and pay $12.00 per $10 principal (a 20.00% call return), with no further upside. If not called and the final CEG price is above the initial value, investors receive $10 plus 1.85 times the positive underlying return. If the final price is at or above the downside threshold of $169.06 (50% of initial), principal is repaid. Below that threshold, repayment is reduced one‑for‑one with CEG’s loss, and investors can lose their entire principal.

The notes pay no interest or dividends and are unsecured obligations of JPMorgan Chase Financial Company LLC, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The price to public is $10.00 per note, including $0.25 in selling commissions to UBS, and the estimated value at pricing is $9.606 per $10 note, reflecting structuring and hedging costs. The securities are not listed on any exchange and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $52,000 of auto-callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as May 21, 2026 if the Index closes at or above the Call Value on a Review Date, paying back principal plus a fixed Call Premium Amount (for example, $89.25 per $1,000 note on the first Review Date and up to $535.50 on the final Review Date).

If the notes are not called and the Final Value is at or above a Barrier Amount set at 60% of the Initial Value, investors receive full principal at maturity; if the Final Value is below the Barrier Amount, principal is reduced one-for-one with the Index loss and can be entirely lost. The Index employs a 35% target volatility mechanism with exposure between 0% and 500% to the Invesco QQQ Trust, but its performance is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, so it is expected to lag an equivalent index without these charges. The notes pay no interest, provide no dividends, are unsecured obligations subject to JPMorgan credit risk, and are expected to have an initial estimated value of $907.50 per $1,000, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering $465,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performing of the iShares Semiconductor ETF (SOXX) and the Nasdaq-100 Technology Sector Index (NDXT), fully guaranteed by JPMorgan Chase & Co.

The notes have a $1,000 minimum denomination and can be automatically called on November 27, 2026 if each underlying is at or above 100% of its initial value, paying $1,159 per $1,000 note (a 15.9% call premium). If not called and both final values exceed their initial values on November 21, 2028, investors receive $1,000 plus 1.50 times the gain of the worse-performing underlying.

If either underlying finishes below its 70% barrier level, maturity payment is $1,000 plus the full negative return of the lesser performer, so investors can lose more than 30% and up to all principal. The notes pay no interest, provide no dividends, are unsecured, unlisted, and their value and payment depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The initial estimated value is $938.40 per $1,000 note, below the $1,000 issue price due to fees, hedging costs and dealer profits.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Performance Leveraged Upside Securities (PLUS) linked to the iShares Bitcoin Trust ETF (IBIT), maturing on December 1, 2027. Each note has a stated principal amount and issue price of $1,000 and pays no interest.

At maturity, if the ETF’s final share price is above the initial share price, investors receive $1,000 plus 150% of the ETF’s percentage gain, subject to a maximum payment of at least $2,413.50 per note. If the ETF is unchanged, investors receive $1,000. If the ETF declines, the payoff is $1,000 multiplied by the share performance factor, resulting in a 1:1 loss with no downside protection, and investors could lose their entire principal.

The PLUS are unsecured, unsubordinated obligations, not bank deposits, not FDIC insured, and will not be listed on any exchange. Bitcoin exposure introduces significant volatility, regulatory and technological risks. An illustration in the document shows an estimated value of about $971.50 per $1,000 note if priced on the reference date, and the estimated value on the pricing date will not be less than $950.00, reflecting embedded fees, structuring costs and hedging economics.

JPMorgan Chase Financial Company LLC is offering $1,725,000 of Auto Callable Dual Directional Buffered Return Enhanced Notes linked to the least performing of the S&P 500®, Russell 2000® and Nasdaq-100 Index®, 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 100% of its initial level, paying $1,125 per $1,000 note. If not called, they mature on November 27, 2028 and offer 1.50x upside if all indices rise, or a dual-directional feature that pays the absolute return of the worst index when its decline is up to the 25% buffer, capping gains at $1,250. If the worst index falls by more than 25%, investors lose 1% of principal for each 1% further decline, up to a 75% loss. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value of $970 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering $4,407,950 of trigger autocallable notes linked to the Invesco S&P 500® Equal Weight ETF (RSP), fully and unconditionally guaranteed by JPMorgan Chase & Co. Each Note has a $10 principal amount and a 2-year term, unless automatically called after an initial one-year non-call period.

The Notes do not pay interest. Instead, if on any Observation Date the ETF closes at or above the Initial Value of $185.76, the Notes are automatically called and pay a Call Price equal to $10 plus a Call Return based on an 8.25% per annum rate, reaching $11.65 per Note if called on the final date. If the Notes are never called and the ETF finishes at or above the Downside Threshold of $139.32 (75% of the Initial Value), investors receive $10 back at maturity.

If the ETF closes below the Downside Threshold at maturity, repayment is reduced in proportion to the ETF’s decline, and investors can lose a significant portion or all of their principal. The estimated value of each Note at pricing was $9.677, and all payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $8,152,000 of Uncapped Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average® and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest or dividends and mature on November 27, 2029, with a 1.555x leveraged upside only if both indices finish above their initial levels. If either index ends below its initial level, investors lose 1% of principal for each 1% decline in the lesser-performing index, up to a total loss of principal. The minimum denomination is $1,000, and the price to the public equals the proceeds to the issuer, while the estimated value at pricing was $983.50 per $1,000 note. The notes are unsecured, will not be listed on an exchange, may have limited liquidity and secondary prices below issue price, and expose holders to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.