Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC launched a preliminary 424(b)(2) for Callable Contingent Interest Notes linked to the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due October 28, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent coupon at a rate between 10.25% and 12.25% per annum if, on each Review Date, the closing level of each index is at least 70.00% of its Initial Value. The issuer may redeem the notes early on Interest Payment Dates (excluding the first, second and final), with the earliest call on March 2, 2026.

At maturity, if not redeemed early and each index’s Final Value is at least 70.00% of its Initial Value, investors receive $1,000 plus the final contingent coupon. If any index finishes below 70.00%, repayment is reduced by the Least Performing Index’s decline, and investors can lose more than 30% and up to all principal. Minimum denomination is $1,000; price to public is $1,000 per note, with selling commissions not to exceed $7.50 per $1,000. If priced today, the estimated value would be approximately $970 per $1,000, and will not be less than $900 per $1,000 when set. These are unsecured, unsubordinated obligations subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering 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, due October 28, 2027.

The notes pay a monthly Contingent Interest only if the closing level of each index on a Review Date is at least 70.00% of its Initial Value. The annualized rate will be between 8.50% and 10.50% (0.70833%–0.875% per month), set on pricing. The issuer may redeem the notes early, in whole, on any Interest Payment Date starting February 27, 2026. At maturity, if any index finishes below its 70% Trigger Value, the repayment is reduced one‑for‑one with the index decline, and investors can lose more than 30% of principal, up to total loss.

The notes are offered in $1,000 minimum denominations at a price to public of $1,000 per note. The estimated value would be approximately $956.20 per $1,000 note if priced today and will not be less than $900.00 per $1,000 at pricing. Selling commissions will not exceed $21.25 per $1,000 note. These unsecured, unsubordinated obligations are subject to the credit risk of both the issuer and guarantor and do not pay dividends or provide equity upside.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Uncapped Buffered Return Enhanced Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, due November 30, 2028, and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer an upside leverage factor of at least 1.63 and a 10.00% buffer, pay no interest or dividends, and are issued in $1,000 minimum denominations. Repayment depends on the worst‑performing index at maturity; par is returned if declines are within the buffer, while larger declines can reduce principal by up to 90%.

The notes are expected to price on or about November 25, 2025 and settle on or about December 1, 2025. If priced today, the estimated value would be approximately $968.40 per $1,000, with the final estimated value disclosed at pricing and not less than $900.00 per $1,000. Selling commissions will not exceed $4.50 per $1,000. The notes are unsecured obligations subject to the credit risk of JPMorgan Chase Financial and its guarantor and are not FDIC insured.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Auto Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000, and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a monthly contingent interest only if the closing level of each index on a review date is at least 80.00% of its Initial Value, with a rate between 7.50% and 9.50% per annum (0.625%–0.79167% per month; set on pricing). The notes are auto-callable if, on any review date other than the first five and the final, each index is at or above its Initial Value; the earliest possible call date is May 26, 2026.

If not called, at maturity on May 30, 2028 you receive $1,000 plus any final contingent interest if each index is at or above its 70.00% Trigger Value. If any index is below its Trigger Value, repayment is $1,000 + ($1,000 × Least Performing Index Return), which can result in loss of principal up to 100%. Expected pricing is on or about November 24, 2025 with settlement on or about November 28, 2025. If priced today, the estimated value would be about $947.60 per $1,000, and will not be less than $900.00 per $1,000 when set.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for primary issuance of Auto Callable Contingent Interest Notes linked to the Nasdaq-100, Russell 2000, and S&P 500, due May 31, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay monthly contingent interest of 8.75%–10.75% per annum if each index closes at or above 70% of its initial value on a review date, and can be automatically called as early as May 26, 2026 if each index is at or above its initial value.

These unsecured notes have $1,000 minimum denominations and are expected to price on or about November 25, 2025 and settle on or about December 1, 2025. If not called and any index finishes below its 70% trigger at final valuation, repayment of principal will be reduced one-for-one with the index decline, which can lead to a substantial loss of principal. If priced today, the estimated value would be approximately $964.40 per $1,000, and will not be less than $900.00 per $1,000 when finalized. Selling commissions will not exceed $7.50 per $1,000. Payments are subject to the credit risk of the issuer and the guarantor.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary 424(b)(2) pricing supplement for Uncapped Dual Directional Buffered Return Enhanced Notes linked to the least performing of the Nasdaq‑100, Russell 2000, and S&P 500, maturing on November 30, 2028.

The notes target an uncapped upside of at least 1.27x any positive return when all three indices finish above their initial levels at maturity, and a dual‑directional buffer that pays the absolute value of losses up to a 15.00% Buffer Amount. If any index falls by more than 15%, investors lose 1% of principal for each percentage point beyond the buffer, up to an 85.00% loss. When the least performing index is negative (within the buffer), the return is effectively capped, with a maximum payment of $1,150.00 per $1,000 note under those limited conditions.

The notes are unsecured, unsubordinated obligations, pay no interest or dividends, and will not be listed. Preliminary economics indicate an estimated value of approximately $961.80 per $1,000 note if priced today, and, when set, will not be less than $900.00 per $1,000. Minimum denominations are $1,000. The expected pricing date is November 25, 2025, settlement is December 1, 2025, and the observation date is November 27, 2028.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Uncapped Accelerated Barrier 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 an uncapped return of at least 1.43 times any appreciation of the lesser-performing index at maturity, with a barrier for each index set at 70.00% of its initial value.

The notes do not pay interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. If both indices finish above their initial values, the $1,000 principal is increased by the lesser-performing index return times the leverage factor. If either index finishes below its barrier, repayment is reduced one-for-one with the lesser-performing index return, which can result in a significant loss, up to total loss of principal. Minimum denomination is $1,000. The notes are expected to price on or about November 25, 2025, settle on or about December 1, 2025, observe on November 25, 2030 and mature on November 29, 2030. If priced today, the estimated value would be approximately $969.10 per $1,000, and will not be less than $900.00 per $1,000 when set. Selling commissions will not exceed $11.25 per $1,000. The notes will not be listed, and secondary market prices may be lower than the issue price.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Callable Contingent Interest Notes linked to the common stock of PayPal Holdings, Inc., due May 13, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a Contingent Interest Rate of at least 12.00% per annum (at least 1.00% monthly) when the PayPal closing price on a Review Date is ≥ 70.00% of the Initial Value (the Interest Barrier). Missed coupons may be paid later if a subsequent Review Date meets the barrier. The notes are callable at the issuer’s option on any Interest Payment Date other than the first, second and final; the earliest call date is February 13, 2026. If held to maturity and the Final Value is ≥ 60.00% of the Initial Value (Trigger Value), investors receive $1,000 plus any due coupons; otherwise repayment is $1,000 + ($1,000 × Stock Return), which can result in substantial loss.

The price to public is $1,000 per note with selling commissions not exceeding $7.25 per $1,000. If priced today, the estimated value would be approximately $966 per $1,000, and will not be less than $900 per $1,000 when set. The notes are unsecured obligations subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Uncapped Accelerated Barrier Notes linked to the least performing of the Nasdaq‑100, Russell 2000, and S&P 500, due November 29, 2030 and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target at least 1.455x any positive return of the least performing index at maturity if all indices finish above their initial levels.

Each index has a 70.00% barrier of its initial value. If any index finishes below its barrier, repayment is reduced one‑for‑one with the least performing index return, and investors can lose some or all principal. The notes pay no interest and provide no dividends, are unsecured and unsubordinated, and are not listed. Minimum denomination is $1,000; selling commissions will not exceed $42.50 per $1,000. If priced today, the estimated value would be about $930.60 per $1,000, and at pricing will not be less than $900.00 per $1,000. Expected pricing is on or about November 24, 2025, with settlement on or about November 28, 2025.