Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, due November 29, 2028 and fully guaranteed by JPMorgan Chase & Co. The notes pay a Contingent Interest only if, on a Review Date, the Index closes at or above 60.00% of the Initial Value. The rate will be at least 10.50% per annum, paid quarterly at at least 2.625%.

The notes are auto-callable if the Index is at or above the Initial Value on any Review Date (excluding the first and final), with the earliest call on May 26, 2026. If not called, at maturity you receive $1,000 plus the final contingent interest if the Final Value is at or above the Trigger; otherwise, your payoff equals $1,000 + ($1,000 × Index Return), which can mean losing more than 40% and up to all principal.

The Index includes a 6.0% per annum daily deduction, which will weigh on performance. Minimum denomination is $1,000. Estimated value is approximately $921.60 per $1,000 (and will not be less than $900.00 per $1,000 when set). Selling commissions will not exceed $50.00 per $1,000. Expected pricing is on or about November 24, 2025 with settlement on or about November 28, 2025.

JPMorgan Chase & Co. filed a preliminary 424B2 for Callable Fixed Rate Notes due May 12, 2034. The notes pay 4.45% per annum, with interest paid in arrears each November 14 from 2026 through 2033, and at maturity. JPMorgan may call the notes on the 14th calendar day of February, May, August, and November, beginning November 14, 2027 and ending February 14, 2034, at par plus accrued interest.

Key terms include a $1,000 denomination, 30/360 day count, Following Business Day Convention, and Unadjusted Interest Accrual Convention. For certain advisory or institutional accounts, the price to public will be between $980.10 and $1,000 per $1,000 note. Selling commissions, paid by JPMS to dealers, would be approximately $17.50 per $1,000 note if priced today and will not exceed $35.00.

The notes are unsecured obligations of JPMorgan Chase & Co., not bank deposits and not FDIC insured. Under JPMorgan’s single point of entry resolution strategy, losses would be borne first by equity and then unsecured creditors, including noteholders, and claims would be structurally subordinated to subsidiary creditors.

JPMorgan Chase Financial Company LLC plans to offer Auto Callable Contingent Interest Notes linked to the MerQube US Large‑Cap Vol Advantage Index, due November 29, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.

Each $1,000 note pays a contingent interest of at least $27.50 per quarter (≥11.00% per annum) for any Review Date when the Index closes at or above the 60.00% Interest Barrier. The notes are auto‑callable on any Review Date (excluding the first and final) if the Index is at or above its Initial Value; the earliest call date is May 26, 2026. If called, holders receive $1,000 plus the applicable contingent interest.

If not called, at maturity you receive $1,000 plus the final contingent interest if the Final Value is at or above the 60.00% Trigger Value; otherwise, repayment is $1,000 plus $1,000 × Index Return, risking loss of more than 40% and up to all principal. The Index carries a 6.0% per annum daily deduction, which drags performance. Estimated value is approximately $901.90 per $1,000 note and will not be less than $900. Selling commissions will not exceed $41.25 per $1,000 note. Minimum denomination is $1,000.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering Uncapped Buffered Return Enhanced Notes linked to the S&P 500 Futures Excess Return Index, due October 31, 2030. The notes provide at least 1.823x any positive index return at maturity and include a 20.00% buffer against losses.

These unsecured notes pay no interest and expose investors to up to 80.00% principal loss if the index falls beyond the buffer. Key dates include Strike Date October 28, 2025 (Strike Value 564.91), expected Pricing Date on or about October 30, 2025, Observation Date October 28, 2030, and Maturity Date October 31, 2030. Minimum denomination is $1,000.

If priced today, the estimated value would be approximately $986.60 per $1,000 note, and the final estimated value will not be less than $950.00 per $1,000. Selling commissions will not exceed $2.00 per $1,000. Payments are subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC plans an offering of Auto Callable Buffered Return Enhanced Notes linked to the lesser performing of the Russell 2000 and S&P 500, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on November 20, 2026 if each index closes at or above its Call Value (100% of its Initial Value), paying $1,000 plus a Call Premium of at least $130 per $1,000.

If not called and both indices finish above their Initial Values on November 14, 2028, the maturity payment equals $1,000 + 1.25× the lesser-performing index’s gain. Principal is buffered only to 20%; declines beyond that reduce principal one-for-one, down to as low as $200 per $1,000. Minimum denomination is $1,000. The notes are expected to price on or about November 14, 2025 and settle on or about November 19, 2025.

The preliminary estimated value is $980.60 per $1,000 today and will not be less than $960.00 when set. Sales are to fee-based advisory accounts with no commissions; JPMS may pay a $8.00 per $1,000 structuring fee to dealers.

JPMorgan Chase Financial Company LLC launched a preliminary pricing supplement for Digital Barrier Notes linked to the lesser performing of the Russell 2000 Index (RTY) and the S&P 500 Index (SPX), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes target a fixed return of at least 8.45% at maturity if each index finishes at or above 70.00% of its Initial Value on the observation date.

The notes are expected to price on or about November 14, 2025 and settle on or about November 19, 2025, with an observation date on December 14, 2026 and maturity on December 17, 2026. Denomination is $1,000 per note. All sales will be made to fee-based advisory accounts, and broker-dealers will forgo commissions, resulting in a Price to Public of $1,000 and Proceeds to Issuer of $1,000 per note.

If either index is below its barrier, repayment is reduced one-for-one with the lesser performer and investors can lose some or all principal. The estimated value would be approximately $988.60 per $1,000 (not less than $940.00 per $1,000 when set), reflecting structuring and hedging costs and subject to issuer and guarantor credit risk.

JPMorgan Chase & Co. plans to issue Callable Fixed Rate Notes due November 14, 2033. The notes pay fixed interest at 4.55% per annum, with interest payable annually on November 14, beginning in 2026, using a 30/360 day count. The issuer may redeem the notes in whole on the 14th of February, May, August and November, from November 14, 2027 through August 14, 2033, at par plus accrued interest.

Pricing guidance indicates a price to the public between $980.10 and $1,000 per $1,000 for certain accounts. If priced today, selling commissions would be approximately $8.50 per $1,000, capped at $25.00 per $1,000. The notes follow a Following Business Day Convention and Unadjusted interest accrual. They are unsecured obligations of JPMorgan Chase & Co., not bank deposits, and are not FDIC insured. Counsel opines the notes will be treated as fixed-rate debt instruments for U.S. federal income tax purposes. Resolution planning disclosures state that unsecured creditors, including noteholders, would be junior to subsidiary creditors in a resolution scenario.

JPMorgan Chase Financial Company LLC filed a preliminary 424(b)(2) pricing supplement for Contingent Income Auto-Callable Securities linked to the iShares Bitcoin Trust ETF (IBIT), fully and unconditionally guaranteed by JPMorgan Chase & Co. These principal-at-risk notes target quarterly contingent payments of at least $34 per $1,000 (3.40%) when the ETF’s closing price is at or above 60% of the initial share price. The notes may auto-call on any determination date before maturity if the ETF closes at or above the initial share price.

If not called, and the final share price is at or above the 60% downside threshold, investors receive the $1,000 principal plus the contingent payment for the final period. If the final share price is below the threshold, repayment is reduced one-for-one with the ETF’s decline, potentially to zero. Investors do not participate in any upside of the ETF.

Issue price is $1,000 per security, with per-security fees of $15.00 and an additional $5.00, and stated maturity on November 12, 2027. If priced today using the minimum coupon, the estimated value would be approximately $939.90 per $1,000, and will not be less than $910.00 per $1,000 on the pricing date. The securities are unsecured, unsubordinated obligations of JPMorgan Chase Financial, guaranteed by JPMorgan Chase & Co., and will not be listed.

JPMorgan Chase Financial Company LLC plans to offer Auto Callable Barrier Notes linked to the Nasdaq-100, Russell 2000, and S&P 500, due November 7, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on scheduled Review Dates if each index closes at or above its Call Value (100% of Initial Value). The Barrier Amount for each index is 70% of its Initial Value. The earliest automatic call opportunity is November 5, 2026.

Minimum denominations are $1,000. If automatically called, holders receive $1,000 plus a Call Premium Amount that steps up by date (e.g., at least 9.450% on the first Review Date, up to at least 42.525% on the eighth). If not called, maturity pays $1,000 plus the Least Performing Index Return if all indices finish above their Initial Values; principal is returned if all are at or above their Barriers; otherwise, repayment is reduced one-for-one with the Least Performing Index Return. The notes pay no interest or dividends and carry full principal risk. If priced today, the estimated value would be approximately $937.40 per $1,000; when set, it will not be less than $900 per $1,000. Settlement is expected on or about November 6, 2025.