Alerian MLP Index ETN SEC Filings

JPMorgan Chase & Co. announced preliminary terms for callable zero‑coupon notes due November 25, 2050. The notes are issued at $222.638 per $1,000 principal, pay no periodic interest, and accrete to face value at maturity, targeting a 6.10% yield to maturity (compounded semiannually, 30/360).

The notes are callable at JPMorgan’s option on the 26th of May and November each year, beginning November 26, 2027, at the Accreted Principal Amount shown in the annexed schedule. If outstanding to maturity, holders receive 100% of principal, subject to the stated conventions. Upon an event of default and acceleration, the payment equals the Accreted Principal Amount on the acceleration date.

Selling commissions, if priced as shown, would be approximately $7.236 per $1,000 (3.25% of price to public) and will not exceed $11.132 per $1,000 (5.00%). As unsecured obligations of JPMorgan Chase & Co., recoveries in a resolution could be junior to subsidiary creditors under single‑point‑of‑entry strategies described.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index maturing on November 19, 2031. The notes pay a monthly contingent interest rate of at least 16.75% per annum (about $13.9583 per $1,000) only when the Index closes at or above 70% of its initial value. If the Index closes at or above its initial value on any quarterly autocall review date, the notes are automatically called and repaid at $1,000 plus the applicable interest.

Principal is at risk: if the notes are not called and the Index finishes below 50% of its initial value, repayment is reduced dollar-for-dollar with the Index loss, and investors can lose most or all of their money. The Index includes a 6.0% per annum daily deduction, which drags on performance. The notes are unsecured obligations, not deposits or FDIC insured, and an initial estimated value of about $924 per $1,000 highlights embedded fees and hedging costs.

JPMorgan Chase Financial Company LLC is offering $1,667,000 of Capped Buffered Enhanced Participation Equity Notes due January 15, 2027, linked to the S&P 500® Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 principal amount and does not pay interest.

At maturity, holders receive a cash amount based on index performance from the trade date on November 11, 2025 to the determination date on January 13, 2027. Gains are enhanced by a 1.25x upside participation rate and capped at a maximum settlement amount of $1,135.25 per $1,000, corresponding to an index cap level of 110.82% of the initial level. Losses are buffered only for a 10% decline; below a 90% buffer level, losses increase at about 1.1111% of principal for each additional 1% index drop, and principal can be fully lost.

The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, will not be listed, and may have limited liquidity. The estimated value at pricing is $984.90 per $1,000, below the 100% original issue price, reflecting selling commissions of 1.17% and hedging and structuring costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering preliminary Callable Contingent Interest Notes linked individually to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due November 22, 2028.

The notes pay a monthly contingent coupon of at least 0.83333% (at least 10.00% per annum) for any Review Date when each index closes at or above 70.00% of its Initial Value. JPMorgan may redeem the notes early, in whole, on quarterly Optional Call Payment Dates starting February 20, 2026. If held to maturity and any index finishes below 60.00% of its Initial Value, principal is reduced one-for-one with the Least Performing Index, which can result in loss of more than 40% and up to all principal. Minimum denominations are $1,000.

Indicative economics include estimated value of approximately $971.80 per $1,000 (not less than $940.00 to be set at pricing) and selling commissions not to exceed $7.50 per $1,000. The notes do not pay dividends on underlying stocks and are subject to issuer and guarantor credit risk.

JPMorgan Chase & Co. (JPM) reported an insider transaction by a senior officer. On 11/12/2025, the Co‑CEO of CIB filed a Form 4 showing a bona fide gift of 9,500 shares of common stock (Transaction Code G) at $0.0000. After the transaction, the reporting person beneficially owned 141,626 shares directly, plus 91.4063 shares held indirectly via a 401(k).

JPMorgan Chase Financial Company LLC is offering $500,000 of Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Russell 2000® Futures Excess Return Index, the iShares® Core S&P Small-Cap ETF and the SPDR® S&P MidCap 400® ETF Trust, maturing on November 14, 2030 and fully guaranteed by JPMorgan Chase & Co.

The notes provide 1.30x any positive return of the least performing underlying if all three finish above their initial values. If each underlying is flat or down by up to the 50.00% buffer, investors receive only their principal back. If any underlying falls by more than 50.00%, repayment is reduced dollar-for-dollar beyond the buffer, with up to a 50.00% loss of principal at maturity.

The notes pay no interest, do not provide dividends on the ETFs or rights in the futures or underlying securities, and will not be listed on an exchange, so liquidity depends on J.P. Morgan Securities. The price to public is $1,000 per note, including $6 in selling commissions, while the estimated value at pricing was $971.10, reflecting embedded structuring and hedging costs. The filing highlights credit risk of JPMorgan Financial and JPMorgan Chase & Co., small- and mid-cap equity risk, futures roll and negative roll risk, tracking risk for the ETFs, and complex, uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering 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, due November 27, 2028.

At maturity, if each index is at or above its initial level, the notes pay the greater of the Contingent Digital Return (at least 30.80%) or the least-performing index’s return. If any index is below its initial level but at or above its 70.00% barrier, principal is returned. If any index finishes below its barrier, repayment is reduced 1% for each 1% decline in the least-performing index, down to zero. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial, and carry the credit risk of the issuer and guarantor. Minimum denomination is $1,000; pricing is expected on or about November 21, 2025, settlement on or about November 26, 2025, with an observation date of November 21, 2028. If priced today, the estimated value would be approximately $948.70 per $1,000 note and will not be less than $910.00 when set. Selling commissions will not exceed $20.00 per $1,000.

JPMorgan Chase Financial Company LLC is offering auto callable accelerated barrier notes linked to the least performing of the Russell 2000® Index, Nasdaq-100 Index® and Utilities Select Sector SPDR® Fund, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 minimum denominations and may be automatically called on November 23, 2026 if each underlying is at or above its call value, paying back $1,000 plus a call premium of at least $385.

If not called and each underlying ends above its initial value on the November 18, 2030 observation date, holders receive an uncapped return equal to 2.00 times the gain of the worst performer. If any underlying finishes below 70% of its initial value, investors lose 1% of principal for each 1% decline and can lose their entire investment. The notes pay no interest or dividends, are unsecured, illiquid, and subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co. The estimated value today is approximately $966.20 per $1,000 note and will not be less than $900.00 when finalized.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, due November 26, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about November 21, 2025 and settle on or about November 25, 2025, in minimum denominations of $1,000.

The notes may be automatically called on Review Dates starting November 25, 2026 at 100% of the Initial Value, paying the applicable Call Premium Amount (minimums: 18.5500%, 23.1875%, 27.8250%, 32.4625%, 37.1000%). If not called, at maturity investors receive 5.00× any index gain; par is returned if the Final Value is at or above the 50.00% Barrier Amount; below the barrier, losses match the index decline.

The underlying Index includes a 6.0% per annum daily deduction, which drags performance. Indicative economics show an estimated value of about $887.50 per $1,000 today, and not less than $870.00 when set. Selling commissions will not exceed $50.00 per $1,000. Payments are subject to the credit risk of the issuer and guarantor.