Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co., is offering Uncapped Digital Barrier Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, due November 27, 2028.

At maturity, if each index is at or above its initial level, the notes pay the greater of the Contingent Digital Return (at least 30.80%) or the least-performing index’s return. If any index is below its initial level but at or above its 70.00% barrier, principal is returned. If any index finishes below its barrier, repayment is reduced 1% for each 1% decline in the least-performing index, down to zero. The notes pay no interest or dividends, are unsecured obligations of JPMorgan Financial, and carry the credit risk of the issuer and guarantor. Minimum denomination is $1,000; pricing is expected on or about November 21, 2025, settlement on or about November 26, 2025, with an observation date of November 21, 2028. If priced today, the estimated value would be approximately $948.70 per $1,000 note and will not be less than $910.00 when set. Selling commissions will not exceed $20.00 per $1,000.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Accelerated Barrier Notes linked to the MerQube US Large-Cap Vol Advantage Index, due November 26, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are expected to price on or about November 21, 2025 and settle on or about November 25, 2025, in minimum denominations of $1,000.

The notes may be automatically called on Review Dates starting November 25, 2026 at 100% of the Initial Value, paying the applicable Call Premium Amount (minimums: 18.5500%, 23.1875%, 27.8250%, 32.4625%, 37.1000%). If not called, at maturity investors receive 5.00× any index gain; par is returned if the Final Value is at or above the 50.00% Barrier Amount; below the barrier, losses match the index decline.

The underlying Index includes a 6.0% per annum daily deduction, which drags performance. Indicative economics show an estimated value of about $887.50 per $1,000 today, and not less than $870.00 when set. Selling commissions will not exceed $50.00 per $1,000. Payments are subject to the credit risk of the issuer and guarantor.

J.P. Morgan filed a Rule 424(b)(3) index supplement under Registration Statement Nos. 333-270004 and 333-270004-01, updating materials for the J.P. Morgan Total Return SM Index.

The update presents hypothetical backtested and actual historical monthly and annual returns and weights. Backtesting uses alternative performance for some Basket Constituents from May 3, 2004 to June 25, 2014, then backtested performance using actual constituent data from June 26, 2014 to July 12, 2017, followed by actual index performance from July 13, 2017 to October 31, 2025. The methodology described is the one currently used to calculate the Index, with reminders that past performance and allocations are not indicative of future results.

Key risks highlighted include: the Index’s limited operating history (established July 13, 2017), momentum strategy risks, monthly rebalancing and weighting constraints, potential correlation effects among constituents, and fixed-income market exposures (including high-yield, MBS, preferreds, floating-rate notes, and emerging markets). The materials note a historical volatility threshold of 5% that may not be maintained and the credit risk of JPMorgan Chase Bank, N.A.. JPMS, as Index Sponsor, may make adjustments that affect index levels.

JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Contingent Buffered Equity Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The total offering is $10,000,000 at $1,000 per note, with selling fees of $15.83 per note and proceeds to the issuer of $9,841,700. The estimated value is $978.60 per $1,000 note.

The notes provide unleveraged upside to the Index capped at a Maximum Upside Return of 8.25%, and a positive return equal to the Absolute Index Return when the Index declines by up to the Contingent Buffer Amount of 46.95%. If the Index falls by more than 46.95% from the Index Strike Level of 6,654.95, investors lose 1% of principal for each 1% further decline and may lose all principal. No interest or dividends are paid.

Key dates: Strike Date November 7, 2025; Pricing Date November 10, 2025; Valuation Date December 30, 2027; Maturity Date January 4, 2028. Minimum denominations are $10,000 and integral multiples of $1,000. The notes are unsecured and not FDIC insured.

JPMorgan Chase Financial Company LLC is offering unsecured, unsubordinated structured notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on any Review Date if the Index closes at or above the Call Value, with the earliest potential call on November 23, 2026, and final maturity on November 25, 2030.

The notes forgo coupons and dividends. Repayment of principal is at risk: if not called and the Final Value is below the Barrier Amount, principal is reduced one-for-one with the Index decline. Minimum denominations are $1,000. Selling commissions will not exceed $40.00 per $1,000 note. If priced today, the estimated value would be approximately $910.00 per $1,000, and will not be less than $900.00 when set.

The Index employs a target-volatility approach using E-mini S&P 500 futures and is subject to a 6.0% per annum daily deduction, which drags performance relative to a similar index without a deduction. The notes will not be listed, and any sale depends on JPMS’s bid. Conflicts may arise as an affiliate holds a 10% equity interest in the Index Sponsor.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Auto Callable Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on scheduled Review Dates starting March 15, 2027 if the Index closes at or above 100% of its Initial Value, paying principal plus a Call Premium Amount based on a Call Premium Rate of at least 23.50%. If not called, at maturity on December 14, 2032 investors receive 3.00× any positive Index return; principal is returned if the Final Value is at or above the 50% barrier. Below the barrier, losses match the Index decline.

The Index includes a 6.0% per annum daily deduction and a daily notional financing cost, which reduce performance versus an otherwise identical index without such deductions. Minimum denomination is $1,000. Indicatively, if priced today, the estimated value is $924.70 per $1,000, and at pricing it will not be less than $900.00 per $1,000. Selling commissions will not exceed $20 per $1,000.

JPMorgan Chase Financial Company LLC is offering 7yNC15m Auto Callable Accelerated Barrier Notes linked to the MerQube US Tech+ Vol Advantage Index. The Index targets implied volatility with exposure between 0% and 500% to an unfunded position in the Invesco QQQ Trust’s excess return since February 9, 2024, and reflects a 6.0% per annum daily deduction plus a notional financing cost.

The notes feature a 3.00x Upside Leverage Factor. They may be automatically called on scheduled Review Dates from March 15, 2027 to March 14, 2029 if the Index is at or above the Call Value (100% of Initial Value), paying $1,000 plus a Call Premium Amount based on a Call Premium Rate of at least 23.50%. If not called, at maturity on December 14, 2032: if the Final Value is above the Initial Value, payment equals $1,000 plus $1,000 × Index Return × 3.00; if at/above the 50.00% Barrier Amount (but below Initial Value), principal is returned; if below the Barrier Amount, payment equals $1,000 plus $1,000 × Index Return, risking substantial loss. The estimated value will not be less than $900.00 per $1,000, and all payments are subject to the credit risks of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year Uncapped Dual Directional Buffered Return Enhanced Notes linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA). The Index targets implied volatility with dynamic exposure between 0% and 500% and reflects a 6.0% per annum daily deduction; QQQ total return is further reduced by a notional financing cost.

Key dates: Pricing Date December 9, 2025; Observation Date December 9, 2030; Maturity December 12, 2030. The Upside Leverage Factor will be at least 1.82.

Payment at maturity per $1,000: if the Index rises, $1,000 plus $1,000 × Index Return × Upside Leverage Factor. If the Index is flat or down by up to the 30.00% buffer, $1,000 plus $1,000 × Absolute Index Return (capped effectively at 30.00%). If the Index falls more than 30.00%, $1,000 + $1,000 × (Index Return + 30.00%), which can result in loss of principal. The estimated value, when set, will not be less than $930 per $1,000. Payments are subject to the credit risk of the issuer and guarantor (CUSIP 48136JRR7).

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Dual Directional Buffered Return Enhanced Notes linked to the MerQube US Tech+ Vol Advantage Index, expected to price on or about December 9, 2025 and mature on December 12, 2030.

The notes aim to pay at maturity: (1) if the Index rises, $1,000 plus the Index gain multiplied by an Upside Leverage Factor of at least 1.82; (2) if the Index is flat or down by up to the 30.00% Buffer Amount, a positive return equal to the absolute decline; (3) if the Index falls more than 30.00%, a loss of 1% for each 1% beyond the buffer, up to a 70.00% principal loss. If the Index return is negative, the effective cap is $1,300 per $1,000 note.

The Index reflects a 6.0% per annum daily deduction, and QQQ exposure is reduced by a daily notional financing cost (SOFR + 0.50% spread), both of which drag performance. The notes pay no interest or dividends, are unsecured, and carry the credit risk of the issuer and guarantor. Selling commissions will not exceed $20 per $1,000. If priced today, the estimated value would be about $953.10 per $1,000, and will not be less than $930.00 when set.