Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Contingent Buffered Equity Notes linked to the S&P 500® Index. The notes pay no interest or dividends and are unsecured, unsubordinated obligations of JPMorgan Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

At maturity, investors receive $1,000 plus the S&P 500® Index return, capped at a Maximum Upside Return of at least 10.00%. If the index is down by up to the 20.10% Contingent Buffer Amount, investors earn the same percentage as a positive return, up to a maximum of $1,201.00 per $1,000 note. If the index falls by more than 20.10%, losses match the index decline and investors may lose all principal.

The notes have a minimum denomination of $10,000 and are expected to price on or about November 21, 2025, with maturity on December 9, 2026. The estimated value would be about $983.80 per $1,000 note if priced today and will not be less than $970.00 when finalized. JPMorgan has previously agreed to donate an aggregate $700,000 to Blue Star Families, independent of this offering.

JPMorgan Chase Financial Company LLC (AMJB) is offering unsecured, unsubordinated auto callable contingent interest notes linked to the common stock of Oracle Corporation, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target investors seeking high contingent income tied to Oracle’s share performance.

The notes pay a quarterly Contingent Interest Rate of at least 16.15% per annum (at least $40.375 per $1,000 each quarter) only if Oracle’s closing price on a Review Date is at or above 55.00% of the Initial Value. Missed interest can be paid later if the barrier is met on a future Review Date. The notes are automatically called if Oracle closes at or above the Initial Value on any non‑final Review Date, returning $1,000 plus due and unpaid contingent interest.

If not called, and the final Oracle price is at or above the 55.00% Trigger Value, investors receive $1,000 plus due and unpaid contingent interest at maturity. If the final price is below the Trigger Value, principal is reduced in line with the stock’s decline, so investors can lose more than 45% and up to all of their principal. The estimated value is about $964 per $1,000 note and will not be less than $960 when finalized. The notes are not bank deposits, are not FDIC insured and do not provide dividends or equity ownership in Oracle.

JPMorgan Chase Financial Company LLC is offering structured Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and matures on February 25, 2027, with returns based on index performance at a single observation date.

The notes provide upside exposure to the lesser-performing index up to a Maximum Upside Return of at least 24.80%, capping the maximum payment at a minimum of $1,248 per $1,000 note when the lesser-performing index rises. If either index is flat or down by up to the 15.00% buffer, investors receive a positive return equal to the absolute decline of the lesser-performing index, up to a maximum of $1,150 per $1,000 note.

If either index falls by more than 15.00%, principal is exposed to losses on a 1-for-1 basis beyond the buffer, and investors can lose up to 85.00% of principal. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co., and will not be listed. If priced on the described terms, the estimated value would be approximately $989.50 per $1,000 note and will not be less than $900.00 per $1,000 at pricing.

JPMorgan Financial is offering structured “Review Notes” linked to the lesser performer of the Nasdaq-100 Index® and the Russell 2000® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes can be automatically called as early as December 2, 2026 if both indices are at or above their call values on a Review Date, paying back the $1,000 principal plus a fixed call premium that starts at $110 and can reach up to $550 per note by the final Review Date in 2030.

The notes do not pay interest or dividends and expose holders to losses if, at maturity and without prior automatic call, the lesser performing index finishes below its barrier level, with losses increasing one-for-one with that decline and potentially reaching 100% of principal. If the notes priced on the described date, their estimated value would be about $954 per $1,000 note and will not be less than $930, reflecting embedded selling, structuring and hedging costs and the issuer’s internal funding rate.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering callable contingent interest notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on December 5, 2030. The notes target a contingent interest rate of at least 9.20% per year, paid monthly, but interest is only paid for periods when all three indices close at or above 70% of their initial levels.

The notes can be redeemed early, at the issuer’s option, on specified interest payment dates starting in June 2026. If held to maturity and all indices finish at or above 60% of their initial levels, investors get full principal back plus any final contingent interest. If any index finishes below 60%, repayment is reduced one-for-one with the decline in the worst-performing index, which can mean a loss of more than 40% and up to all principal.

The product offers no upside participation in index gains, is unsecured and unsubordinated, and carries the credit risk of both JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. It will not be listed on an exchange, so liquidity and secondary market pricing are uncertain. The estimated value at launch is expected to be below the $1,000 issue price due to embedded selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, maturing in February 2027. If on the observation date each index is at or above 70% of its initial level, investors receive a fixed return of at least 12.75% on the $1,000 principal at maturity. If any index finishes below this barrier, repayment is reduced one-for-one with the decline of the worst index, and investors can lose more than 30% and up to all of their principal. The notes pay no interest or dividends, are unsecured obligations subject to JPMorgan credit risk, and will not be listed, so liquidity and secondary market pricing may be limited. The estimated value is initially expected to be about $981 per $1,000 note and not less than $950, reflecting embedded fees, hedging costs and dealer compensation.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable contingent interest notes linked to the lesser performance of Palo Alto Networks stock and Taiwan Semiconductor ADSs, maturing on November 24, 2028. The notes pay a quarterly contingent coupon of at least 11.10% per annum (at least $27.75 per $1,000 per quarter) only if, on a review date, each reference stock closes at or above 50% of its strike value. The notes are automatically called, returning $1,000 plus due coupons, if on any non-final review date each stock is at or above its strike value, starting February 18, 2026. If not called and either stock finishes below its 50% trigger on the final review date, repayment of principal is reduced 1% for each 1% decline of the lesser performer, and investors can lose more than half or all of their principal. A preliminary estimated value is about $948.40 per $1,000 note, and the final estimated value will not be less than $920.00.

JPMorgan Chase Financial Company LLC is offering S&P 500®-linked digital equity notes due December 10, 2026, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and are unsecured obligations.

At maturity, for each $1,000 note, if the S&P 500 final level is at least 90% of its initial level, holders receive a fixed threshold settlement amount, expected between $1,081.20 and $1,095.20. If the index falls more than 10%, principal is lost on a leveraged basis (buffer rate approximately 1.1111), up to a complete loss of invested principal.

The estimated value at pricing is expected between $976.20 and $986.20 per $1,000, reflecting selling commissions, hedging costs and issuer funding spreads. The notes are not listed, have no redemption feature, and secondary market prices may be lower than the issue price. Investors bear the credit risk of both the issuer and guarantor, as well as complex and uncertain U.S. tax treatment.

JPMorgan Chase Financial Company LLC is issuing $705,000 of digital equity notes due 2026, linked to the S&P 500 Index and fully guaranteed by JPMorgan Chase & Co. The notes pay no interest and are not listed on an exchange.

At maturity, investors receive $1,076 per $1,000 note if the S&P 500 is at or above 85% of its initial level, capping the upside at a 7.6% gain. If the index falls more than 15%, repayment of principal declines at a leveraged rate of about 1.1765 times the loss beyond that buffer, and investors can lose their entire investment.

The notes’ estimated value at pricing is $984.80 per $1,000, below the issue price, reflecting selling costs and hedging. The notes are unsecured obligations subject to the credit risk of both the issuer and guarantor, have no early redemption, may have limited secondary liquidity, and involve uncertain U.S. tax treatment.