Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering auto callable yield notes linked to the lesser performing of Palantir Class A stock and Apple common stock, maturing April 26, 2027. The notes pay at least 15.90% per annum, credited monthly at a rate of at least 1.325%, as long as they are outstanding.

The notes are automatically called if, on a review date before maturity, the closing price of one share of each reference stock is at or above its initial value, in which case investors receive $1,000 plus the applicable interest and no further payments. If the notes are not called and the final value of each stock is at least 50% of its initial value (the trigger), investors receive full principal plus the final interest payment. If either stock finishes below its trigger, the maturity payment is reduced in proportion to the loss of the lesser performing stock, and investors can lose more than 50% or all of their principal.

The notes are unsecured, unsubordinated obligations, not bank deposits, and are not FDIC insured. The preliminary estimated value is about $981.80 per $1,000 note and will not be less than $950. They will not be listed on an exchange, and secondary prices may be lower than the issue price. The issuer intends to treat the notes for U.S. tax purposes as a combination of a deposit and a put option written by the investor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering step-up auto callable notes linked to the S&P Global 100 PR 5% Daily Risk Control 0.5% Deduction Index (USD) ER, maturing on February 3, 2033. The notes may be automatically called as early as February 2, 2027 if the index closes at or above preset call values, paying back the $1,000 principal per note plus a fixed call premium that steps up over six review dates.

If the notes are not called, investors receive full principal at maturity plus any index appreciation, calculated at a 100% participation rate, while forgoing periodic interest and dividends. The index targets 5% volatility and reflects a daily 0.50% annual deduction and notional financing cost, and the preliminary estimated value is approximately $906.40 per $1,000 note, not less than $900. The notes are unsecured, not FDIC-insured, and subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Review Notes linked to the MerQube US Large-Cap Vol Advantage Index, maturing on January 31, 2031, in minimum denominations of $1,000. The notes can be automatically called as early as January 29, 2027 if the Index is at or above preset Call Values, paying back principal plus a Call Premium Amount based on a Call Premium Rate of at least 14.00%. If never called and the Final Value is below the 60% Barrier Amount, repayment is $1,000 + ($1,000 × Index Return), so investors can lose more than 40% and up to all principal. The Index uses leveraged E-mini S&P 500 futures with a 6.0% per annum daily deduction, which creates a persistent drag on index performance. The issuer estimates the initial economic value at about $887 per $1,000 note, and not less than $870, reflecting selling commissions, hedging costs and issuer funding assumptions.