Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the Class A common stock of Coinbase Global, Inc. (COIN), maturing on November 29, 2028.

The notes pay a monthly Contingent Interest Payment of at least $21.2917 per $1,000 (a rate of at least 25.55% per annum) only when the COIN closing price on an Interest Review Date is at or above the Interest Barrier of 60% of the Strike Value, or $153.582. Quarterly, starting May 26, 2026, the notes are automatically called if COIN is at or above the Strike Value of $255.97, returning $1,000 plus the applicable Contingent Interest Payment.

If the notes are not called and on the final Review Date COIN is at or above the Trigger Value of 50% of the Strike Value, or $127.985, investors receive $1,000 per note plus any final Contingent Interest Payment. If the Final Value is below the Trigger Value, repayment is reduced one-for-one with COIN’s decline from the Strike Value, and investors can lose more than half, up to all, of their principal. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The example estimated value is approximately $957.50 per $1,000, and will not be less than $920.00 per $1,000 at pricing.

JPMorgan Chase Financial Company LLC is offering $2,102,000 of auto-callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes, issued in $1,000 minimum denominations, priced on November 21, 2025 and are expected to settle on or about November 25, 2025, with final maturity on November 26, 2032.

The notes can be automatically called as early as February 26, 2027 if the Index is at or above the Call Value, paying principal plus a Call Premium Amount based on a 20.00% Call Premium Rate. The Barrier Amount is 60.00% of the Initial Value of 7,046.112; if at maturity the Index closes below this barrier and the notes were never called, principal is exposed to 1:1 downside and investors can lose a significant portion or all of their investment.

The Index embeds a 6.0% per annum daily deduction and a notional financing cost on the QQQ Fund, which together drag on index performance and cause it to trail a similar index without such charges. The estimated value of the notes at pricing was $922.90 per $1,000, below the $1,000 price to public, reflecting selling commissions, structuring and hedging costs. The notes pay no interest or dividends and are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., with limited liquidity and potential conflicts of interest described in the risk sections.

JPMorgan Chase Financial Company LLC is offering $1,250,000 of Auto Callable Contingent Interest Notes linked to the Class A subordinate voting shares of Shopify Inc., fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 18.50% per annum (4.625% per quarter) for any Review Date on which Shopify’s share price is at or above the Interest Barrier of $72.28, which is 50% of the Strike Value of $144.56 set on November 20, 2025. The notes may be automatically called on any non-final Review Date, starting February 20, 2026, if the share price is at or above the Strike Value, returning $1,000 plus the applicable interest.

If not called and the Final Value on November 22, 2027 is below the Trigger Value of $72.28, investors’ principal is reduced one-for-one with the stock loss, potentially down to zero. The notes are unsecured, not FDIC insured, have no listing, and their estimated value at pricing was $975.30 per $1,000, below the $1,000 price to the public.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $350,000 of Market Linked Securities, Series A, tied to an unequally weighted basket of five global equity indices and maturing on November 26, 2027. These unsecured notes pay no interest and repay a variable amount at maturity based on basket performance.

If the basket rises, holders receive principal plus 113.75% of the basket’s percentage gain. If the basket is flat or down by up to the 10% buffer, investors receive principal back. If the basket falls by more than 10%, repayment is reduced using a downside multiplier of approximately 1.1111, so losses accelerate beyond the buffer and investors can lose some or all of principal.

The basket weights are 40% EURO STOXX 50, 25% Nikkei 225, 17.5% FTSE 100, 10% Swiss Market Index and 7.5% S&P/ASX 200. The price to the public is $1,000 per security, with estimated value at issuance of $965.30 after factoring in selling commissions, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is issuing $3,170,000 of Auto Callable Yield Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay 6.25% per annum, or 0.52083% monthly, and may be automatically called as early as November 23, 2026 if the Index is at or above its initial level on a Review Date. If not called and the Index falls more than 15% at maturity, investors lose 1% of principal for each 1% decline beyond the 15% buffer, up to an 85% loss.

The Index applies a 6.0% per annum daily deduction and a notional financing cost, which drag performance and can cause the Index to lag an otherwise similar index. The notes are unsecured, unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., will not be listed on any exchange, and may have limited or no liquidity. The price to public is $1,000 per note, including $39 in fees, while the initial estimated value is $914.90 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is issuing $1,183,000 of Market Linked Securities under its global medium-term note program. Each security has a $1,000 principal amount, with a price to the public of $1,000, selling fees of $23.25 and proceeds to the issuer of $976.75 per security.

The notes mature on December 3, 2026 and are linked to the lowest performing of four sector ETFs: Technology (XLK), Energy (XLE), Health Care (XLV) and Consumer Staples (XLP). If that lowest fund is above its starting price at maturity, investors receive leveraged upside with a 156.20% participation rate. If it is at or below its starting price but at or above 85% of that level, investors receive a positive “absolute value” return on the decline.

If the lowest fund finishes below its 85% threshold, principal is reduced 1-for-1 beyond the 15% buffer and investors can lose up to 85% of principal. The issuer’s estimated value is $957.40 per security, below the issue price due to selling commissions and hedging costs. The securities are unsecured, subject to issuer and guarantor credit risk, and are not bank deposits or FDIC insured.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable GEARS linked to the common stock of Constellation Energy Corporation (CEG), fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering size is $11,548,000, in $10 denominations (minimum investment $1,000), maturing on November 27, 2028.

If on the November 30, 2026 observation date CEG closes at or above the autocall barrier of $338.11 (100% of the initial value), the notes are automatically called and pay $12.00 per $10 principal (a 20.00% call return), with no further upside. If not called and the final CEG price is above the initial value, investors receive $10 plus 1.85 times the positive underlying return. If the final price is at or above the downside threshold of $169.06 (50% of initial), principal is repaid. Below that threshold, repayment is reduced one‑for‑one with CEG’s loss, and investors can lose their entire principal.

The notes pay no interest or dividends and are unsecured obligations of JPMorgan Chase Financial Company LLC, subject to the credit risk of both the issuer and JPMorgan Chase & Co. The price to public is $10.00 per note, including $0.25 in selling commissions to UBS, and the estimated value at pricing is $9.606 per $10 note, reflecting structuring and hedging costs. The securities are not listed on any exchange and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $52,000 of auto-callable Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called as early as May 21, 2026 if the Index closes at or above the Call Value on a Review Date, paying back principal plus a fixed Call Premium Amount (for example, $89.25 per $1,000 note on the first Review Date and up to $535.50 on the final Review Date).

If the notes are not called and the Final Value is at or above a Barrier Amount set at 60% of the Initial Value, investors receive full principal at maturity; if the Final Value is below the Barrier Amount, principal is reduced one-for-one with the Index loss and can be entirely lost. The Index employs a 35% target volatility mechanism with exposure between 0% and 500% to the Invesco QQQ Trust, but its performance is reduced by a 6.0% per annum daily deduction and a daily notional financing cost, so it is expected to lag an equivalent index without these charges. The notes pay no interest, provide no dividends, are unsecured obligations subject to JPMorgan credit risk, and are expected to have an initial estimated value of $907.50 per $1,000, below the $1,000 price to public.

JPMorgan Chase Financial Company LLC is offering $465,000 of Auto Callable Accelerated Barrier Notes linked to the lesser performing of the iShares Semiconductor ETF (SOXX) and the Nasdaq-100 Technology Sector Index (NDXT), fully guaranteed by JPMorgan Chase & Co.

The notes have a $1,000 minimum denomination and can be automatically called on November 27, 2026 if each underlying is at or above 100% of its initial value, paying $1,159 per $1,000 note (a 15.9% call premium). If not called and both final values exceed their initial values on November 21, 2028, investors receive $1,000 plus 1.50 times the gain of the worse-performing underlying.

If either underlying finishes below its 70% barrier level, maturity payment is $1,000 plus the full negative return of the lesser performer, so investors can lose more than 30% and up to all principal. The notes pay no interest, provide no dividends, are unsecured, unlisted, and their value and payment depend on the credit of JPMorgan Financial and JPMorgan Chase & Co. The initial estimated value is $938.40 per $1,000 note, below the $1,000 issue price due to fees, hedging costs and dealer profits.