Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC priced a $348,000 offering of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., and due November 15, 2030. The notes are unsecured and issued in $1,000 minimum denominations.

The notes pay a Contingent Interest Rate of 11.25% per annum (2.8125% quarterly) only if, on a Review Date, the Index closes at or above 60% of the Initial Value (the Interest Barrier). Missed interest is paid later if a subsequent Review Date meets the barrier. The notes are automatically called if the Index on any non-final Review Date is at or above the Initial Value. If not called and the Final Value is below 60% (Trigger Value), principal is reduced one-for-one with Index decline, down to zero.

The Index embeds a 6.0% per annum daily deduction, which drags performance and can offset gains. Pricing details: price to public $1,000 per note, selling commissions $9, proceeds to issuer $991; estimated value $932.50 per $1,000 at pricing. Settlement is expected on or about November 17, 2025.

JPMorgan Chase Financial Company LLC priced a $1,000,000 offering of Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100, and S&P 500, due November 16, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on November 18, 2026 at $1,180 per $1,000 note (a $180 Call Premium) if each index is at or above its Call Value. If not called and all final index levels exceed their initial values, the maturity payout provides 1.50x the least-performing index’s gain, uncapped. Principal is returned at maturity if each final index level is at or above its 70% barrier; otherwise, repayment falls one-for-one with the least-performing index, risking substantial loss up to total loss.

The notes are unsecured, pay no interest, and forgo dividends. Minimum denomination is $1,000. Price to public: $1,000 per note; fees: $5 per $1,000; proceeds to issuer: $995,000. The issuer’s estimated value was $980 per $1,000 at pricing.

JPMorgan Chase & Co. is offering Callable Fixed to Floating Rate Notes due November 28, 2045. The notes pay 10.00% per annum during the initial interest periods through November 28, 2027, with quarterly interest paid on the 28th of February, May, August and November, beginning February 28, 2026.

After the initial periods, the interest rate resets each quarter to (7.55% − Benchmark Rate) × 1.25, floored at 0.00%. The Benchmark Rate is initially Compounded SOFR, with benchmark transition provisions if SOFR is unavailable. The notes are callable by the issuer, in whole, on the 28th of February, May, August and November from November 28, 2027 through August 28, 2045, at par plus accrued interest.

The price to the public is $1,000 per note. Selling commissions would be approximately $25.00 per $1,000 (not to exceed $40.00). The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not FDIC insured. Tax disclosure indicates intended treatment as contingent payment debt instruments, with OID accrual for U.S. holders.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Yield Notes linked to the American Depositary Receipts of Novo Nordisk A/S (NVO), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target an interest rate of at least 11.85% per annum, paid quarterly at at least 2.9625%, and are scheduled to mature on November 22, 2027, with minimum denominations of $1,000.

The notes will be automatically called on any Review Date before maturity if the NVO ADR closing price is greater than or equal to the Initial Value; the earliest potential call is November 17, 2026. If not called, investors receive interest each quarter. At maturity, if the Final Value is at least the Trigger Value (60% of Initial Value), principal is returned plus the final interest. If the Final Value is below the Trigger Value, repayment is reduced as $1,000 + ($1,000 × Stock Return), which can result in loss of more than 40% and up to all principal. Indicative estimated value was approximately $970 per $1,000 (not less than $950 when set). Selling commissions are up to $17.50 and structuring fee up to $1.00 per $1,000 note.

JPMorgan Chase & Co. plans a primary offering of Callable Fixed Rate Notes due November 28, 2050 under a preliminary pricing supplement. The notes pay a fixed 5.60% annual interest rate, with interest paid in arrears each November 28, beginning in 2026, on a 30/360 basis. At maturity, holders receive principal plus accrued interest if the notes have not been called.

The issuer may redeem the notes in whole on the 28th of February, May, August, and November, starting November 28, 2027, at par plus accrued interest. Key conventions include Following Business Day and Unadjusted Interest Accrual.

Indicative economics: for certain institutional or fee-based accounts, the price to the public will be between $937.60 and $1,000 per $1,000 note. If priced today, selling commissions would be about $11.00 per $1,000 note and will not exceed $50.00. Tax counsel opines the notes are treated as fixed-rate debt instruments. Resolution planning language highlights that unsecured creditors, including noteholders, could bear losses in a recapitalization scenario.

JPMorgan Chase & Co. filed a preliminary pricing supplement for Callable Fixed Rate Notes due November 28, 2045. The notes pay 5.60% per annum, with interest paid annually on November 28, beginning in 2026. The issuer may redeem the notes in whole on the 28th of May and November each year from November 28, 2027 to May 28, 2045 at par plus accrued interest, with at least five business days’ notice to DTC.

Key terms include a Following Business Day Convention, Unadjusted interest accrual convention, and 30/360 day count. The stated price to the public is $1,000 per $1,000 principal amount (eligible advisory accounts: $950.10–$1,000). Selling commissions would be approximately $5.00 per $1,000, not to exceed $45.00 per $1,000. The notes are not FDIC insured.

Risk highlights note JPMorgan’s single-point-of-entry resolution framework, under which unsecured creditors, including noteholders, bear losses after equity. Tax counsel expects treatment as fixed-rate debt instruments.

JPMorgan Chase & Co. filed a preliminary pricing supplement for callable fixed-rate notes due in 2037. The notes pay a 4.90% annual coupon, with interest payable in arrears each year on November 28 from 2026 through 2036 and on the maturity date, using a 30/360 day count and Following business day convention.

The notes are callable at JPMorgan’s option, in whole but not in part, on the 28th calendar day of May and November each year from November 28, 2027 through May 28, 2037, at par plus accrued interest. The indicated price to the public per $1,000 principal amount ranges from $972.60 to $1,000; selling commissions would be approximately $20 per $1,000 and will not exceed $45 per $1,000. The notes are unsecured obligations of JPMorgan Chase & Co., are not bank deposits, and are not FDIC-insured. Disclosure highlights the firm’s preferred single‑point‑of‑entry resolution strategy, under which holders are unsecured creditors behind subsidiary and priority claims.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Callable Contingent Interest Notes due November 19, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent coupon of at least 7.50% per annum (0.625% monthly) for each Review Date on which the closing level of each of the Nasdaq-100 Technology Sector Index (NDXT), Russell 2000 Index (RTY) and S&P 500 Index (SPX) is at or above 70.00% of its Initial Value. If any Index is below that barrier on a Review Date, no interest is paid for that month.

The issuer may redeem the notes early, in whole, on any permitted Interest Payment Date, with the earliest possible call on November 19, 2026. At maturity, if any Index finishes below its 60.00% Trigger Value, principal is reduced one-for-one with the Least Performing Index’s decline, which can result in substantial loss of principal. Minimum denominations are $1,000. If priced today, the estimated value would be approximately $926.90 per $1,000 note, and selling commissions will not exceed $41.25 per $1,000. These unsecured obligations are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC announced a preliminary pricing supplement for Uncapped Accelerated Barrier Notes linked to the S&P 500 Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about November 18, 2025 and settle on or about November 21, 2025, with maturity on November 21, 2030.

The notes offer at least 2.00x any positive Index return at maturity, with a 70.00% barrier of the Initial Value. If the Final Value is above the Initial Value, the payoff equals $1,000 plus $1,000 × Index Return × Upside Leverage Factor. If the Final Value is at or above the barrier but not higher than the Initial Value, principal is returned. If the Final Value falls below the barrier, repayment is reduced one-for-one with the Index decline, and investors could lose all principal.

Key terms include minimum denominations of $1,000, no periodic interest, and unsecured, unsubordinated status of the issuer obligations, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The agent selling commission will not exceed $11.25 per $1,000 note. If priced today, the estimated value would be approximately $967.10 per $1,000, and will not be less than $900.00 per $1,000 when finalized.