Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering $852,000 of auto callable accelerated barrier notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on February 5, 2027 if each index is at or above its Call Value, paying $1,000 plus a fixed call premium of $240 per note. If not called and each index finishes above its initial level at maturity in January 2029, investors receive 1.5 times the gain of the least performing index. If any index finishes below its 80% barrier level, principal is reduced one-for-one with the loss on the least performing index, down to zero. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, are not FDIC insured, and may have limited or no secondary market liquidity. The estimated value at pricing was $984.10 per $1,000 note, below the original issue price.

JPMorgan Chase Financial Company LLC is offering $500,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Reddit, Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 26.00% per annum (2.16667% monthly) for each month the Reddit share price is at or above 50.00% of the Strike Value of $214.54, setting the Interest Barrier and Trigger Value at $107.27.

The notes can be automatically called quarterly starting July 22, 2026 if Reddit’s share price is at or above the Strike Value, returning $1,000 per note plus the applicable contingent interest. If not called and the final Reddit price on January 22, 2029 is below the Trigger Value, investors lose 1% of principal for each 1% decline from the Strike Value and can lose all principal. The notes are unsecured, not FDIC insured, priced at $1,000 per note with an estimated value of $973.90.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes linked individually to the Russell 2000 Index, the S&P 500 Index and the State Street Technology Select Sector SPDR ETF, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a monthly Contingent Interest Payment only if on a Review Date each underlying is at or above 70% of its Initial Value; otherwise no interest is paid for that period. JPMorgan may redeem the notes early on specified interest payment dates, starting April 30, 2026, returning principal plus any due contingent interest, which may limit the total income earned. If the notes are not redeemed and the least performing underlying finishes below its Trigger Value (also 70% of Initial Value), repayment of principal is reduced one-for-one with the decline and can fall to zero. The preliminary estimated value is about $976.60 per $1,000 note and will not be less than $900.00 per $1,000 at pricing, reflecting embedded selling, structuring and hedging costs. The notes are not deposits, are not FDIC insured, and carry both market risk on the underlyings and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering callable contingent interest notes linked to the worst performer of the Russell 2000 Index, the S&P 500 Index and the State Street Utilities Select Sector SPDR ETF, maturing in February 2028. Investors receive a contingent monthly interest payment only if, on a review date, each underlying closes at or above 70% of its initial value; otherwise, no interest is paid for that period.

The issuer can redeem the notes early on most interest payment dates starting in May 2026, paying principal plus any due contingent interest. If the notes are not redeemed and, on the final review date, any underlying finishes below 60% of its initial value, principal is reduced in line with the decline of the worst-performing underlying, which can result in a substantial or total loss. The notes are unsecured obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are not FDIC insured. A hypothetical contingent interest rate of 8.00% per annum (0.66667% per month) is used in the examples.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured Review Notes linked to the MerQube US Tech+ Vol Advantage Index, maturing on February 27, 2031. The notes can be automatically called on scheduled Review Dates starting February 24, 2027 if the Index is at or above the Call Value, paying back $1,000 plus a fixed Call Premium Amount that starts at 18.5% of principal and steps up over time.

If the notes are not called, investors receive full principal at maturity only if the Index decline does not exceed the 15% buffer. If the Index falls by more than 15%, repayment is reduced dollar-for-dollar beyond that buffer, with losses of up to 85% of principal possible.

The Index is a rules-based strategy linked to the Invesco QQQ Fund, subject to a 6.0% per annum daily deduction and a notional financing cost, which together drag on performance and cause the Index to lag a comparable version without such charges. The notes pay no interest, offer no dividends, are unsecured obligations subject to the credit risk of JPMorgan entities, and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC is offering capped buffered equity notes linked to the Nasdaq-100 Index®, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are designed to pay 1.00 times any gain in the index at maturity, up to a maximum return of at least 11.20%, which corresponds to at least $1,112 per $1,000 note.

A 20.00% downside buffer protects principal against moderate index declines. If the index falls by more than 20.00%, repayment is reduced 1% for each additional 1% drop, so a 50.00% decline would return $700 per $1,000 and a 100.00% decline would return $200, meaning up to an 80.00% loss of principal. The notes pay no interest and provide no dividends from index constituents.

The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, subject to the credit risk of both the issuer and JPMorgan Chase & Co. If priced on the terms shown, the estimated value would be approximately $966.40 per $1,000 note and will not be less than $900.00 per $1,000 when finalized, reflecting selling commissions, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $912,000 of Auto Callable Contingent Interest Notes linked to the Class A common stock of Lennar Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a contingent interest rate of 11.00% per annum (2.75% per quarter) when, on a Review Date, Lennar’s share price is at or above 60.00% of the initial price of $111.84, an interest barrier of $67.104. Missed interest can be paid later if the barrier is met on a future Review Date.

The notes may be automatically called starting July 23, 2026 if Lennar’s share price on a non-initial, non-final Review Date is at or above the initial value, returning $1,000 principal plus due and unpaid contingent interest. If not called, and Lennar’s final price is at or above the 60.00% trigger, investors receive full principal plus applicable contingent interest; if it is below, repayment is $1,000 plus $1,000 times the stock return, exposing investors to losses greater than 40% and up to total loss. The notes are unsecured, not FDIC insured, priced at $1,000 per note with $18.50 in fees, and had an estimated value of $961.00 at pricing.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of structured Review Notes linked to the least performing of the EURO STOXX 50® Index, the iShares® MSCI Emerging Markets ETF and the iShares® MSCI EAFE ETF, maturing on January 24, 2031 and fully and unconditionally guaranteed by JPMorgan Chase & Co.

The $1,000-denomination notes can be automatically called on scheduled Review Dates starting January 26, 2027 if each underlying is at or above its Call Value, paying back principal plus a fixed Call Premium that steps up from 11.9% to 59.5%. If not called, and on the final Review Date every underlying is at or above its Barrier Amount, investors receive principal back; if any underlying finishes below its barrier, the maturity payment is $1,000 plus $1,000 times the return of the least performing underlying, so losses can exceed 30% and reach 100% of principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan Financial’s and JPMorgan Chase & Co.’s credit risk, are not FDIC insured, and may be illiquid. The price to public is $1,000 per note, including $6 in selling fees, with issuer proceeds of $994 per note and an estimated value of $974.10.

JPMorgan Chase Financial Company LLC is offering auto callable contingent interest notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can pay a monthly contingent coupon at a rate of at least 13.75% per annum (at least $11.4583 per $1,000) if on a Review Date the index closes at or above 70% of its initial level. If the index is below this barrier on a Review Date, no interest is paid for that period.

The notes may be automatically called starting July 29, 2026 if the index is at or above its initial level, returning $1,000 plus the applicable coupon. At maturity in 2031, if the index is at or above 70% of its initial level, investors receive $1,000 plus the final coupon; below that threshold, principal is reduced using a 30% buffer and a 1.42857 downside leverage factor, so losses can be substantial. The underlying index uses leveraged E-mini S&P 500 futures with a 35% target volatility and a 6.0% per annum daily deduction, which creates a persistent drag on index performance. The indicative estimated value is about $930.20 per $1,000, and will not be less than $900.00 per $1,000 at pricing.