Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,286,000 of Market Linked Securities linked to Broadcom Inc. common stock, maturing on November 26, 2027.

Each $1,000 security pays a 13.30% per annum contingent coupon, but only when Broadcom’s stock closes at or above a coupon threshold of $208.092 (60% of the $346.82 starting price) on the monthly calculation day. From May 2026 to October 2027, if the stock closes at or above the starting price on a calculation day, the notes are automatically called and repay principal plus that month’s coupon.

If the notes are not called, principal is protected at maturity only if the final stock price is at or above the $173.41 downside threshold (50% of the starting price). Below that level, investors lose principal in line with the stock’s decline, down to a total loss. The price to public is $1,000 per note, with an estimated value of $950.30 at pricing, reflecting selling commissions and hedging costs, and the notes are expressly described as principal-at-risk, illiquid and not FDIC insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the lesser performance of the Nasdaq-100 Futures Excess Return Index and the S&P 500 Futures Excess Return Index, maturing in December 2030. The notes pay no interest and are issued in $1,000 denominations.

At maturity, if the final level of each index is at or above its initial level, investors receive $1,000 plus the greater of a Contingent Digital Return of at least 74.25% or the actual return of the lesser-performing index. If at least one index is below its initial level but both stay at or above 70% of their initial values, investors receive only their $1,000 principal. If either index finishes below 70% of its initial level, repayment is reduced 1% for each 1% decline of the lesser-performing index, which can result in a significant or total loss of principal.

The preliminary estimated value is approximately $965.30 per $1,000 note and will not be less than $930.00 per $1,000 when finalized. The notes are unsecured, subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., will not be listed on an exchange, and secondary market prices are expected to be lower than the issue price.

JPMorgan Chase Financial Company LLC is offering $10,000,000 of Buffered Digital Notes linked to the worst performer among the Consumer Staples Select Sector SPDR Fund, the Russell 2000 Index and the S&P 500 Futures Excess Return Index, maturing March 9, 2027. Each $1,000 note pays a fixed 10.80% gain at maturity if the least-performing underlying is at or above its initial level, or down as much as 25% below it.

If any underlying falls by more than 25%, principal is lost at an accelerated rate of 1.33333% for every 1% drop beyond the buffer, up to a total loss. The notes pay no interest or dividends, are unsecured obligations guaranteed by JPMorgan Chase & Co., will not be listed on an exchange, and had an estimated value at pricing of $990.40 per $1,000 note versus a $1,000 issue price.

JPMorgan Chase Financial Company LLC is offering complex market-linked AMJB securities tied to the lowest performing of Meta (META), ServiceNow (NOW) and Microsoft (MSFT). Each note has a $1,000 principal amount and pays no interest or dividends.

The notes are auto-callable on December 2, 2026: if the lowest performing stock is at or above its starting price, investors receive $1,500 per $1,000 note, a 50% call premium, and the notes terminate. If not called, at maturity on November 30, 2028 investors get $1,000 plus leveraged upside of at least 143.20% of the gain of the worst stock, if that stock is above its starting price.

If the worst stock is flat or down but at or above 50% of its starting price, principal is returned. If it finishes below this 50% threshold, repayment falls one-for-one with the decline, and investors can lose more than half, up to all, of principal. The notes are unsecured obligations guaranteed by JPMorgan Chase & Co., are not listed on an exchange, and carry issuer and guarantor credit risk. The preliminary estimated value is about $945.60 per $1,000 note and will not be less than $910.00, reflecting fees, commissions and hedging costs.

JPMorgan Chase Financial Company LLC is offering Euro Stoxx 50®‑linked Digital Equity Notes due January 14, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and the maturity payment depends on index performance between the trade date in November 2025 and the determination date on January 12, 2028.

If the final index level is at least 85.00% of the initial level, investors receive a fixed "threshold settlement amount," expected between $1,160.70 and $1,189.00 per $1,000 note, capping upside at roughly 16%–18.9%. If the index falls more than 15.00%, principal is exposed on a leveraged basis at a buffer rate of about 1.1765, and investors can lose all of their investment.

The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, are not FDIC‑insured, will not be listed on any exchange, and have an estimated initial value expected between $977.60 and $987.60 per $1,000 note due to structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated callable contingent interest notes linked separately to the Energy Select Sector SPDR Fund (XLE), VanEck Gold Miners ETF (GDX) and iShares Silver Trust (SLV), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes run to October 28, 2027 and may be redeemed early at the issuer’s option on specified interest payment dates starting May 29, 2026.

Holders receive a contingent interest rate of at least 9.25% per annum, paid monthly, only if on a Review Date the closing price of each ETF is at or above 50% of its initial value; otherwise no interest is paid for that period. If held to maturity and each ETF finishes at or above its 50% Trigger Value, investors receive principal plus the final contingent coupon; if any ETF is below its Trigger Value, repayment is reduced one-for-one with the decline of the worst performer, and investors can lose more than 50% or all of their principal. The notes are not listed, carry liquidity and credit risk, and their estimated value at pricing will be below the $1,000 issue price per note.

JPMorgan Chase Financial Company LLC is offering structured “Review Notes” linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called on scheduled Review Dates starting in late 2026 if the Index closes at or above 90% of its initial level, paying back $1,000 per note plus a fixed call premium that increases over time.

If the notes are never called and, on the final Review Date in 2028, the Index is at or above 80% of its initial level, investors receive only their $1,000 principal per note. If the Index finishes below that 80% barrier, repayment is reduced one-for-one with the Index loss, and investors can lose all of their principal. The Index itself is reduced by a 6.0% per annum daily deduction and a notional financing cost, which weigh on returns. The estimated value at pricing is expected to be below the $1,000 issue price, and all payments depend on the credit of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering unsecured, unsubordinated Uncapped Buffered Return Enhanced Notes linked to the S&P 500® Futures Excess Return Index, maturing on December 1, 2028. Each note has a minimum denomination of $1,000 and pays no interest.

At maturity, if the index has risen, investors receive $1,000 plus the index gain multiplied by an upside leverage factor of at least 1.24. If the index is flat or down by up to the 20.00% buffer, investors receive their $1,000 principal. If the index is down by more than 20.00%, repayment is reduced 1% for each additional 1% decline, up to a maximum 80.00% loss of principal. A hypothetical example shows a 50.00% index decline leading to a $700.00 payment per $1,000 note.

If the notes priced on the described terms, the estimated value would be approximately $975.50 per $1,000 note and will not be less than $940.00 when set, reflecting selling commissions, hedging costs and issuer funding assumptions. The notes will not be listed, are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and their value can be adversely affected by market volatility, futures market disruptions, negative roll yields and secondary-market pricing factors.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering structured “Review Notes” linked to the MerQube US Large-Cap Vol Advantage Index, maturing on November 30, 2028, in minimum denominations of $1,000. The notes offer potential early redemption at a premium if, on any semiannual Review Date starting November 27, 2026, the Index closes at or above 90% of its initial level, triggering an automatic call that repays principal plus a Call Premium of at least 18.25% to 54.75% of principal, depending on the call date.

If not called, investors receive full principal at maturity only if the final Index level is at or above 80% of the initial level. If it is below this barrier, repayment is reduced one-for-one with the Index decline, and up to all principal can be lost. The underlying Index is a leveraged, volatility-targeting strategy on E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which materially drags on performance. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and are expected to have an estimated value of about $910 per $1,000 at pricing, below the price to public.