Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC is offering $375,000 of Capped Dual Directional Buffered Equity Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are scheduled to settle on or about November 26, 2025 and mature on May 25, 2028, in minimum denominations of $1,000.

At maturity, investors receive upside equal to the Index return up to a Maximum Upside Return of 73.00%, or, if the Index is flat or down by up to the 15.00% Buffer Amount, a positive return equal to the absolute value of that move, capped at a 15.00% gain. If the Index falls by more than 15.00%, principal is reduced 1% for each additional 1% decline, for a possible loss of up to 85.00% of principal.

The notes pay no interest, are unsecured and unsubordinated obligations of JPMorgan Financial, and any payment depends on the credit of both the issuer and guarantor. The price to public is $1,000 per note, including $27.50 in fees and commissions, and the estimated value at pricing is $958.80 per $1,000 note.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $1,769,000 of Structured Investments "Review Notes" linked to the Dow Jones Industrial Average®, Nasdaq‑100 Index® and Russell 2000® Index, in $1,000 denominations. The notes can be automatically called on scheduled Review Dates starting on November 25, 2026 if each index closes at or above its Call Value, paying back principal plus a Call Premium that starts at 12.75% of principal and rises to 38.25% on the final Review Date.

If the notes are not called and, on the final Review Date, each index stays at or above its 70% barrier, investors receive full principal back at maturity on November 27, 2028. If any index finishes below its barrier, repayment is reduced one‑for‑one with the loss of the least performing index, and investors may lose more than 30% and up to all of their principal. The notes pay no interest or dividends, are unsecured, not FDIC‑insured, and the estimated value at pricing was $952.50 per $1,000 note, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $400,000 of Callable Contingent Interest Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000® Index and the Utilities Select Sector SPDR® Fund, guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon of $7.9167 per $1,000 (a 9.50% per annum rate) only if on each Review Date all three underlyings are at or above 80.00% of their Initial Values.

The notes can be redeemed early at the issuer’s option on specified Interest Payment Dates starting August 26, 2026, at $1,000 plus any due contingent interest. At maturity, if not redeemed and each underlying is at or above its 80.00% Buffer Threshold, investors receive $1,000 plus the final contingent interest payment; otherwise, principal is reduced 1% for each 1% decline of the least performing underlying beyond the 20.00% buffer, with up to 80.00% of principal at risk.

The price to the public is $1,000 per note, including $9.50 in selling commissions, with proceeds to the issuer of $990.50 per note. The estimated value at pricing was $967.50 per $1,000 note, reflecting selling, structuring and hedging costs. The notes are unsecured, unsubordinated obligations, not deposits, not FDIC insured, and expose investors to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., as well as market, liquidity and underlying-index risks.

JPMorgan Chase Financial Company LLC is offering $5,519,000 of Digital Barrier 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. The notes pay a fixed return of 10.95% at maturity if, on the December 21, 2026 observation date, the final level of each index is at least 75.00% of its initial level, giving a maturity payment of $1,109.50 per $1,000 note. If either index finishes below its 75.00% barrier, repayment is reduced one-for-one with the decline of the lesser performing index, so investors can lose more than 25% and up to all principal. The notes are unsecured, unsubordinated obligations with an estimated value at pricing of $987.20 per $1,000, do not pay interest or dividends, will not be listed, and expose holders to both market risk in the indices and the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC is offering $3,366,000 of Review Notes linked to the lesser performing of the Russell 2000® Index and the EURO STOXX 50® Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes have a $1,000 minimum denomination, price to public of $1,000 per note, selling commissions of $28.50 per note and net proceeds to the issuer of $3,270,069, with an estimated value of $950.20 per $1,000 at pricing.

The notes may be automatically called as early as May 21, 2026 if each index is at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium Amount that steps up from 6.050% to 60.500% of principal over 19 Review Dates through November 21, 2030. If not called, principal is repaid at maturity on November 26, 2030 only if each index’s Final Value is at or above its Barrier Amount, set at 75.00% of its Initial Value.

If either index finishes below its Barrier Amount and the notes have not been called, investors receive $1,000 plus $1,000 times the Lesser Performing Index Return, meaning losses greater than 25.00% of principal and up to a complete loss are possible. The notes pay no interest, provide no dividends on index constituents, are unsecured and unsubordinated obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and may have limited or no secondary market liquidity.

JPMorgan Chase Financial Company LLC is offering $1,780,000 of Review Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. Each note has a $1,000 denomination and may be automatically called as early as November 25, 2026 if the Index closes at or above 85% of its initial level, paying back $1,000 plus a call premium that steps up from 10% to 50% over 17 review dates.

If the notes are not called and the Index falls by more than the 15% buffer at final observation, investors lose 1% of principal for each 1% drop beyond the buffer, up to an 85% loss. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which drag on performance and cause it to trail an equivalent index without such charges. The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both JPMorgan Financial and JPMorgan Chase & Co., and have an estimated value at issuance of $910.40 per $1,000, below the issue price due to selling, structuring and hedging costs.

JPMorgan Chase Financial Company LLC is offering $380,000 of Uncapped Dual Directional Accelerated Barrier Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on November 27, 2028 and fully guaranteed by JPMorgan Chase & Co.

The notes provide 1.052x leveraged upside if both indices finish above their initial levels, and a positive, uncapped return equal to the absolute decline of the weaker index (up to 30%) if each index stays at or above 70% of its initial level. If either index closes below this 70% barrier, investors lose 1% of principal for each 1% decline in the lesser performing index and can lose their entire investment.

The notes pay no interest or dividends, are unsecured obligations subject to the credit risk of both the issuer and guarantor, and will not be listed on any exchange. The price to public is $1,000 per note, including $9.50 in selling commissions, while the estimated value at pricing was $976.20, reflecting embedded fees, hedging costs and dealer margin.

JPMorgan Chase Financial Company LLC is offering $1,000,000 of Digital Barrier Notes linked to the least performing of the S&P 500, Russell 2000 and Nasdaq-100 indexes, maturing on December 24, 2026 and fully guaranteed by JPMorgan Chase & Co. Investors receive a fixed 7.00% return at maturity per $1,000 note if each index finishes at or above 70% of its initial level.

If any index finishes below 70% but all remain at or above 60% of their initial levels, investors receive only their principal back. If any index closes below 60% of its initial level, repayment is reduced one-for-one with the loss on the worst-performing index, and principal can be entirely lost.

The price to the public is $1,000 per note, including $17.25 in selling commissions, for issuer proceeds of $982.75 per note, or $982,750 in total. The estimated value at pricing was $971.60 per $1,000 note, reflecting embedded selling, structuring and hedging costs, and secondary market prices are expected to be lower than the issue price.

JPMorgan Chase Financial Company LLC is offering $1,326,000 of Auto Callable Contingent Interest Notes due October 26, 2027, linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a monthly contingent coupon of 0.80% (9.60% per annum) per $1,000 note only if each index closes at or above 80% of its initial level on the relevant review date. Beginning May 21, 2026, the notes are automatically called if each index is at or above its initial level, returning $1,000 plus the applicable coupon.

If the notes are not called and any index finishes below 70% of its initial level at maturity, investors lose principal in line with the decline of the worst index and can lose their entire investment. The notes are unsecured, unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The price to public is $1,000 per note, including $22.25 in selling commissions, and the bank’s estimated value is $953.40 per $1,000 note.