Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering Auto Callable Accelerated Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and S&P 500® Index, due November 15, 2028. The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co., offered in $1,000 minimum denominations, and are expected to price on or about November 10, 2025 and settle on or about November 14, 2025. An automatic call may occur on November 16, 2026, and all payments are subject to the credit risk of the issuer and guarantor.

If each index is at or above its Call Value on the Review Date, holders receive $1,000 plus a Call Premium Amount of at least $157.50. If not called and each final index level exceeds its initial level, the maturity payout reflects 1.75x the appreciation of the least performing index. If any index finishes below its Initial Value but all remain at or above the 70.00% Barrier Amount, investors receive par; otherwise, principal is reduced 1% for each 1% decline of the least performing index. The notes pay no interest, do not provide dividends, and are not listed. If priced today, the estimated value would be approximately $978.30 per $1,000, and will not be less than $900.00 when set; selling commissions will not exceed $9.50 per $1,000.

JPMorgan Chase Financial Company LLC plans to issue Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq‑100, Russell 2000, and S&P 500, due November 30, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes provide at least 1.59x the gain of the least performing index at maturity if all indices finish above their initial levels. If any index finishes below its 70% barrier, repayment is reduced 1% for each 1% decline of the least performer; if all are at or above the barrier but not above initial, repayment is at par. The notes do not pay interest and pay no dividends from index constituents.

Denominations are $1,000; selling commissions will not exceed $10 per $1,000. If priced today, the estimated value would be about $967.10 per $1,000, and will not be less than $900.00 per $1,000 at pricing. The notes are unsecured, unsubordinated obligations of the issuer, guaranteed by JPMorgan Chase & Co., and are not listed, which may limit liquidity. Expected pricing is on or about November 25, 2025 with settlement on or about December 1, 2025.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to the lesser performing of Bank of America (BAC) and Citigroup (C), due November 5, 2026, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest of at least 8.75% per annum (at least $21.875 per $1,000 per quarter) for any Review Date when the closing price of one share of each Reference Stock is at or above its Interest Barrier (50.00% of Strike Value). They are auto-called if, on any non-final Review Date, both stocks close at or above their Strike Values. If not called and either stock finishes below its Trigger Value (50.00% of Strike), repayment equals $1,000 plus $1,000 times the lesser-performing stock return, which can mean losing more than 50% of principal, up to all.

Key terms include Strike Date October 31, 2025; Review Dates on February 2, April 30, July 31, and November 2, 2026; minimum denominations of $1,000. Strike Values were set at $53.45 (BAC) and $101.23 (C), implying Interest Barriers/Trigger Values of $26.725 and $50.615. If priced today, the estimated value is approximately $980.00 per $1,000 note and will not be less than $950.00 at pricing. Selling commissions will not exceed $5.50 per $1,000. Payments are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC priced a primary offering of $1,020,000 Step‑Up Auto Callable Notes linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER, due November 4, 2032 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are issued in $1,000 denominations at a price to public of $1,000 per note, with fees and commissions of $34 and proceeds to issuer of $966 per note (total proceeds $985,320). The estimated value was $913.80 per $1,000 at pricing.

The notes may be automatically called starting November 3, 2026 if the Index closes at or above a step‑up Call Value (101% to 106% of the Initial Value across six review dates), paying principal plus a Call Premium of 8.25% to 49.50%. If not called, at maturity investors receive principal plus an Additional Amount equal to Index Return × 100% (not less than zero). The Initial Value was 120.73 on the pricing date.

The notes pay no interest or dividends, are unsecured and unsubordinated, will not be listed, and are subject to the credit risk of the issuer and guarantor. For U.S. tax purposes, they are treated as contingent payment debt instruments with a comparable yield of 5.27%.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Buffered Equity Notes linked to the EURO STOXX 50® Index. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on the December 7, 2026 Review Date if the Index closes at or above the Initial Index Level, paying $1,000 plus a call premium of at least 10.35% on the Call Settlement Date. If not called and the Index ends at or above its initial level, maturity pays $1,000 plus the greater of the Index Return or a Contingent Minimum Return of at least 20.70%, with uncapped upside. A 15.00% buffer applies; below that, losses increase at a 1.17647 downside leverage factor.

Key dates include Pricing Date on or about November 24, 2025, Original Issue Date on or about November 28, 2025, Valuation Date November 24, 2027, and Maturity Date November 30, 2027. Estimated value indications: approximately $976.40 per $1,000 if priced today and not less than $960.00 when set. Minimum denominations are $10,000 and integral multiples of $1,000 thereafter.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Capped Dual Directional Buffered Equity Notes linked to the S&P 500 Index. The notes provide an unleveraged positive return equal to the Index’s gain, capped at a Maximum Upside Return of at least 11.50%. If the Index declines by up to the 10.00% buffer, investors earn the absolute value of that decline, up to 10%.

If the Index falls by more than 10%, principal is reduced by 1.11111% for each 1% drop beyond the buffer. No interest or dividends are paid. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. Minimum denominations are $10,000 and integral multiples of $1,000. If priced today, the estimated value would be approximately $985.50 per $1,000, and will not be less than $970.00 per $1,000 when set. The Valuation Date is December 7, 2026, with Maturity on December 10, 2026. The notes will not be listed; secondary liquidity may be limited.

JPMorgan Chase Financial Company LLC priced $1,334,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a 9.35% per annum contingent interest (0.77917% monthly) when the Index closes on a Review Date at or above 70.00% of the Initial Value (Initial Value 13,324.97; Interest Barrier 9,327.479). Missed interest can be paid later if the barrier is met on a subsequent Review Date.

The notes auto-call if, on designated Review Dates, the Index is at least the Initial Value; the earliest possible call date is October 29, 2026. If not called, they mature on November 1, 2030. At maturity, principal is protected only above the 85.00% Buffer Threshold (11,326.2245); below that, investors lose 1% of principal for each 1% decline beyond the 15% buffer, up to an 85.00% loss.

Per $1,000 note: price to public $1,000, fees $39, and issuer proceeds $961; the estimated value was $914.20. The Index includes a 6.0% per annum daily deduction and a notional financing cost, which can materially drag performance. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable GEARS linked to the KraneShares CSI China Internet ETF (KWEB), fully and unconditionally guaranteed by JPMorgan Chase & Co. If KWEB closes at or above 100% of its Initial Value on the Observation Date (November 13, 2026), the notes auto‑call and pay $12.00 per $10 principal (20.00% Call Return), ending the trade.

If not called and the Underlying Return at maturity is positive, payoff equals principal plus the Underlying Return multiplied by Upside Gearing (finalized on the Trade Date, expected 2.00–2.20x). If not called and the Final Value is at or above the Downside Threshold (75% of Initial Value), principal is repaid. If the Final Value is below the Downside Threshold, repayment is reduced one‑for‑one with the Underlying’s loss, up to total loss.

Key terms: Issue price $10 per Security (minimum purchase $1,000); selling commissions up to $0.25 per Security; proceeds to issuer $9.75 per Security. Estimated value would be about $9.56 per $10 if priced today and will not be less than $9.20 when set. No interest, no dividends, not exchange‑listed, and payments are subject to the credit of JPMorgan entities. Final Valuation Date is November 7, 2028; Maturity Date is November 10, 2028.

JPMorgan Chase Financial Company LLC plans to issue Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target monthly contingent interest when the Index closes at or above 70% of its Initial Value, with a 30% buffer against declines at maturity. The earliest automatic call date is November 25, 2026, and the notes are scheduled to mature on November 29, 2030.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost (SOFR + 0.50% p.a.) that reduce performance versus an equivalent index without such deductions. If priced today, the estimated value would be approximately $942.60 per $1,000, and selling commissions will not exceed $12.50 per $1,000. The contingent interest rate will be at least 11.00% per annum (0.91667% monthly), but interest is not guaranteed and principal is at risk up to 70% if the Index finishes below the 70% buffer threshold at maturity. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial Company LLC.