Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffer GEARS, a roughly two-year structured note linked to an unequally weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). Each Security has a $10 principal amount, a minimum investment of $1,000, and provides 2.00x upside gearing on positive basket performance, subject to a Maximum Gain between 24.10% and 26.10%, set on the trade date.

The basket is set to an initial value of 100, with a 10% buffer via a downside threshold at 90% of the initial basket value. If the basket falls more than 10% at maturity, investors lose 1% of principal for every 1% decline beyond the buffer, up to a 90% loss of principal. Payments depend entirely on basket performance and the credit of JPMorgan Financial and JPMorgan Chase & Co.; these Securities are not bank deposits or FDIC insured.

The issue price is $10.00 per Security, including up to $0.20 in selling commissions, with proceeds to the issuer of $9.80 per Security. If priced on the indicated terms today, the estimated value would be about $9.74 per $10, and when finalized will not be less than $9.40 per $10, reflecting structuring and hedging costs. The pricing supplement highlights significant market, credit, liquidity, valuation and tax risks, and notes that the Securities are intended for investors who can hold to maturity and tolerate substantial loss of principal.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable accelerated barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. Each note has a $1,000 denomination and can be automatically called on November 25, 2026 if the closing level of each index is at or above 95.00% of its initial value, paying back principal plus a call premium of at least $162.50.

If the notes are not called and each index ends above its initial level on the November 20, 2028 observation date, investors receive $1,000 plus 2.00 times the gain of the least performing index. If any index finishes between 70.00% and 100.00% of its initial value, principal is returned. If any index closes below 70.00% of its initial value, repayment is reduced one-for-one with the loss in the least performing index, and principal can be entirely lost.

The notes pay no interest or dividends, are unsecured obligations exposed to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and may trade below the $1,000 price. An illustrative estimated value is approximately $974.40 per $1,000 note, and the final estimated value will not be less than $900.00.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the Class A common stock of Meta Platforms, Inc., maturing in November 2028 and fully guaranteed by JPMorgan Chase & Co. Investors may receive contingent quarterly interest at a rate of at least 10.65% per annum if Meta’s closing price on a Review Date is at or above 60.00% of the Initial Value, with any missed coupons paid later once the barrier is met. The notes are automatically called, returning principal plus the applicable coupon, if Meta’s price on any Review Date other than the first and final is at or above the Initial Value, with the earliest call date in May 2026.

If the notes are not called and Meta’s final price is below the Trigger Value, investors lose 1% of principal for each 1% decline from the Initial Value and can lose most or all of their investment. The notes pay no fixed interest, do not provide dividends on Meta shares, are unsecured unsubordinated obligations subject to JPMorgan credit risk, and will not be listed on an exchange. The estimated value is about $960.00 per $1,000 note and will not be less than $940.00 per $1,000 at pricing, reflecting selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Buffered Return Enhanced Notes linked to the lesser performance of the Nasdaq-100 Index® and the S&P 500® Index, maturing on November 27, 2028. The notes provide 1.20x upside exposure to any gain in the lesser performing index, up to a maximum return of at least 51.00%, and protect against the first 15.00% of losses. If either index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, with a maximum loss of 85.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and are expected to be sold in $1,000 minimum denominations.

JPMorgan Chase Financial Company LLC is offering 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 provide an uncapped leveraged upside of at least 1.546 times any positive return of the weaker index at maturity, based on $1,000 minimum denominations. 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 notes pay no interest or dividends, are unsecured and unsubordinated, will not be listed on an exchange, and their value is subject to the credit risk of both the issuer and the guarantor. An estimated value of approximately $985 per $1,000 note is indicated if priced on the example date, with a minimum estimated value of $970 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the common stock of Ford Motor Company, maturing on November 23, 2027. The notes pay a quarterly contingent coupon of at least 9.75% per annum (at least $24.375 per $1,000) only if Ford’s share price on a Review Date is at or above an Interest Barrier set at 55% of the initial share price.

The notes may be automatically called on any Review Date from May 18, 2026 (except the first and final dates) if Ford’s stock closes at or above the initial price, returning $1,000 per note plus the due and any previously unpaid coupons. If not called and Ford’s final share price is at or above the 55% Trigger Value, holders receive full principal plus the final and any unpaid coupons.

If the final price is below the Trigger Value, repayment is reduced one-for-one with Ford’s decline, so principal losses can exceed 45% and may reach 100%. The preliminary estimated value is about $970 per $1,000 note and will not be less than $950, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC announced a preliminary pricing supplement for Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100, and Russell 2000, due November 22, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on November 23, 2026 if each index closes at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium of at least $217.50 per $1,000 note. If not called and each index ends above its Initial Value, maturity pays 2.00x the least-performing index’s gain; if any index ends between its Initial Value and the 70% barrier, holders receive principal; if any index finishes below the barrier, repayment is reduced one-for-one with the least performer’s decline, risking substantial loss up to all principal.

Minimum denomination is $1,000. Selling commissions will not exceed $9.50 per $1,000. The indicative estimated value is approximately $979 per $1,000 (and will not be less than $900 when set). The notes pay no interest or dividends and are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary 424B2 for auto-callable Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due on December 2, 2031. The notes can be automatically called beginning August 26, 2026 if the Index is at or above the Call Value, paying the applicable Call Premium instead of continuing to maturity. The notes pay no interest or dividends and expose holders to loss of principal if, at maturity and not previously called, the Index falls below the Barrier Amount.

The Index applies a 6.0% per annum daily deduction, which drags performance versus an identical index without such deduction, and targets 35% implied volatility with exposure to E-mini S&P 500 futures between 0% and 500%. Pricing is in $1,000 minimum denominations (price to public per note: $1,000). Selling commissions will not exceed $12.25 per $1,000. If priced today, the estimated value would be about $952.30 per $1,000, and when set will not be less than $920 per $1,000. These unsecured, unsubordinated obligations are subject to the credit risk of JPMorgan Financial and the guarantor; they are not FDIC insured.

JPMorgan Chase Financial Company LLC plans to offer Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index, due November 26, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target unleveraged index exposure with a Maximum Upside Return of at least 20.25% and a Buffer Amount of 15.00%. They pay no interest or dividends and returns are received only at maturity; investors risk losing up to 85% of principal. Minimum denominations are $1,000, with pricing expected on or about November 21, 2025 and settlement on or about November 26, 2025.

If the index rises, the maturity payment increases one-for-one up to the maximum; if the index is flat or down by up to 15%, the notes pay the absolute value of that decline as a positive return. Below the 15% buffer, principal is reduced beyond the buffer. If priced today, the estimated value would be approximately $985.20 per $1,000 note, and will not be less than $900.00 per $1,000 when set. Selling commissions paid by JPMS to dealers will not exceed $9.00 per $1,000 principal amount. The notes are unsecured, not FDIC-insured, will not be listed, and are subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co.