Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC filed a 424(b)(2) preliminary pricing supplement for Capped Dual Directional Buffered Equity Notes linked to the lesser performing of the Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target unleveraged upside participation up to a Maximum Upside Return of at least 26.25% and provide downside participation (in absolute terms) for declines up to the 10.00% Buffer Amount. Beyond the buffer, principal is at risk based on the lesser-performing index at maturity, and investors forgo interest and dividends.

The notes are expected to price on or about November 26, 2025 and settle on or about December 2, 2025, in minimum denominations of $1,000. If priced today, the estimated value would be approximately $975.20 per $1,000, and when set, will not be less than $940.00 per $1,000. Selling commissions will not exceed $10.00 per $1,000. Payment scenarios include capped upside if both indices rise, capped absolute-return gains up to the buffer if one or both are flat to down within 10%, and losses beyond the buffer, with maximum principal loss of 90% at maturity, all subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for auto-callable Review Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the Nasdaq-100 Index, due November 18, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be called on scheduled Review Dates starting November 17, 2026 if each index closes at or above its Call Value (100% of its Initial Value). If called, investors receive $1,000 plus a Call Premium Amount that starts at at least 9.300% × $1,000 and steps up over time to at least 46.500% × $1,000 by the final Review Date. If not called, and on the final Review Date each index is at or above its 70% Barrier, investors receive principal back; otherwise, repayment is reduced one-for-one with the decline of the least performing index, which can result in loss of most or all principal.

The notes pay no interest or dividends and are unsecured, subject to the credit risk of the issuer and guarantor. The price to public is $1,000 per note; selling commissions will not exceed $40.75 per $1,000. The estimated value, if priced today, is approximately $937.30 per $1,000 and will not be less than $900. Minimum denomination is $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering market-linked, principal-at-risk securities tied to the lowest performing of XLK, XLE, XLV, and XLP, due December 3, 2026.

The notes pay no interest and have a $1,000 denomination, with an upside participation rate of at least 100.85% if the lowest-performing fund rises. A 17.50% buffer provides a positive “contingent absolute return” for declines up to that level; below the buffer, repayment falls 1‑to‑1 with losses beyond the buffer, for a maximum loss of 82.50% of principal.

Per-security economics: Price to public $1,000, fees $23.25, and proceeds to issuer $976.75. The estimated value would be approximately $960.80 per security if priced today and will not be less than $930.00 per security when set. The securities are unsecured obligations, subject to the credit risk of the issuer and guarantor, have no exchange listing, and are designed to be held to maturity.

JPMorgan Chase Financial Company LLC is offering Callable Contingent Interest Notes due November 26, 2031, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a quarterly contingent interest only if the closing level of each of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index is at least 75.00% of its Initial Value on the applicable review date.

The Contingent Interest Rate will be at least 9.25% per annum (2.3125% per quarter). The issuer may redeem the notes early, in whole, on any interest payment date starting November 27, 2026. If held to maturity and each index is at or above its Trigger Value (75.00% of Initial Value), investors receive $1,000 plus the final contingent interest. If any index is below its Trigger Value, the payoff is $1,000 plus $1,000 times the Least Performing Index Return, meaning investors can lose more than 25%—up to all—of principal.

Denominations are $1,000. The preliminary estimated value is $960.80 per $1,000 (not less than $940.00 when set). Sales are to fee-based advisory accounts; JPMS may pay a $8.00 structuring fee per $1,000 note.

JPMorgan Chase Financial Company LLC launched a preliminary 424(b)(2) pricing supplement for Capped Buffered Return Enhanced Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 2.00x any positive Index return at maturity, subject to a maximum return of at least 19.20%, and include a 15.00% downside buffer. Denominations are $1,000, with selling commissions that will not exceed $6.50 per $1,000 principal amount note.

The notes are unsecured, do not pay interest or dividends, and expose holders to the credit risk of both the issuer and guarantor. Key dates include an expected pricing on or about November 14, 2025, settlement on or about November 19, 2025, an Observation Date of November 9, 2027, and maturity on November 15, 2027 (subject to postponement). If priced today, the estimated value would be approximately $987.80 per $1,000, and upon final terms will not be less than $950.00 per $1,000. CUSIP: 48136LGZ6.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Callable Contingent Interest Notes linked to the lesser performing of the Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly Contingent Interest Payment of at least $8.3333 per $1,000 (at least 10.00% per annum) for each Review Date when both indices close at or above 85.00% of their Initial Value. They feature a 15.00% buffer, but investors risk losing up to 85.00% of principal if, at maturity, either index finishes below its Buffer Threshold.

The notes are callable at the issuer’s option on specified Interest Payment Dates beginning August 20, 2026, and mature on November 22, 2028, with minimum denominations of $1,000. If priced today, the estimated value would be approximately $977.10 per $1,000, and selling commissions will not exceed $5 per $1,000. These unsecured, unsubordinated obligations are subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC launched preliminary terms for Callable Contingent Interest Notes linked to the least performing of the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer a Contingent Interest Rate of at least 8.40% per annum (paid monthly at least 0.70%) when, on a Review Date, each index closes at or above 70.00% of its Initial Value.

The issuer may redeem the notes early, in whole, on eligible Interest Payment Dates, with the earliest possible call on November 17, 2026. If not called, the notes mature on October 17, 2030. At maturity, if each index is at or above its 70.00% Trigger Value, investors receive $1,000 plus the final Contingent Interest; otherwise, repayment is reduced by the decline of the least performing index, and principal loss could be significant.

The notes are issued in $1,000 minimum denominations at a price to public of $1,000 per note. Selling commissions will not exceed $37.50 per $1,000 note. If priced today, the estimated value would be approximately $937.10 per $1,000, and will not be less than $900.00 per $1,000 when set. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co. The notes are not bank deposits and are not FDIC-insured.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., outlines preliminary terms for Market Linked Securities tied to the lowest performing of XLK, XLE, XLV and XLP, maturing on December 3, 2026. Each $1,000 security is designed with leveraged upside, a contingent absolute return zone, and a fixed 15% downside buffer; principal is at risk beyond that buffer.

Payoff mechanics: if the lowest performing fund finishes above its start, investors receive $1,000 plus the fund return multiplied by an upside participation rate of at least 156.20%. If it finishes at or below its start but at or above 85% of start, the payoff adds the absolute value of that return. Below the 85% threshold, losses resume 1‑to‑1 beyond the 15% buffer, with up to 85% principal loss possible.

Indicative economics per security: Price to public $1,000, fees $23.25, and proceeds to issuer $976.75. The estimated value would be approximately $958.90 (not less than $920.00) if priced today. These securities are not bank deposits, may have limited liquidity, and secondary values reflect internal funding and hedging costs.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Auto Callable Accelerated Barrier Notes linked to Broadcom Inc. (AVGO), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may auto‑call on November 27, 2026 if AVGO’s closing price is at or above the call value, paying $1,000 plus a Call Premium of at least $283 per $1,000. If not called and AVGO is above the initial value at maturity, returns are 1.50x the stock’s appreciation. A 60% barrier applies at maturity.

The notes pay no interest and no dividends, are unsecured and unsubordinated, and carry the credit risk of both the issuer and guarantor. Minimum denomination is $1,000. Selling commissions will not exceed $12.50 per $1,000. If priced today, the estimated value would be about $964.90 per $1,000, and will not be less than $930.00 per $1,000 when set. Key dates: expected pricing on or about November 25, 2025, settlement on or about December 1, 2025, observation on November 27, 2028, and maturity on November 30, 2028.