Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC announced preliminary terms for Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, due November 1, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may pay a Contingent Interest at a rate of at least 8.00% per annum (0.66667% monthly) when the Index closes on a Review Date at or above the 66.00% Interest Barrier. Missed interest can accrue and be paid later if the barrier is met.

The notes feature an automatic call if the Index is at or above the Initial Value on any Review Date (other than the first through eleventh and final), with the earliest call date on October 29, 2026. At maturity, if not called, principal is protected only down to the 80.00% Buffer Threshold; below that, investors can lose up to 80.00% of principal. The Index embeds a 6.0% per annum daily deduction and a notional financing cost, which act as a drag on performance. Minimum denomination is $1,000; if priced today, the estimated value would be approximately $914.90 per $1,000, and will not be less than $900.00 per $1,000 at pricing. Expected pricing is on or about October 29, 2025, with settlement on or about October 31, 2025.

JPMorgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 5-year MQUSTVA Buffered Equity Notes under Rule 424(b)(3). The notes are linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA), which applies a 6.0% per annum daily deduction and references the QQQ Fund on an excess return basis.

Key terms include a 15.00% buffer against declines at maturity, a minimum denomination of $1,000, and monthly review dates after an initial one-year non-call period. If the Underlying is at or above 100% of its initial value on a review date, the notes are automatically called with a call premium of at least 16.00% per annum. The pricing date is October 28, 2025, the final review date is October 28, 2030, and maturity is October 31, 2030 (CUSIP 48136JHG2).

The estimated value will not be less than $900 per $1,000 principal amount. The Underlying can vary exposure between 0% and 500% and, since February 9, 2024, references the Invesco QQQ Trust’s total return minus financing costs. You may lose principal, and all payments are subject to the issuer’s and guarantor’s credit risk.

JPMorgan Chase Financial Company LLC filed a Rule 424(b)(3) terms supplement for auto-callable contingent interest notes linked to the MerQube US Tech+ Vol Advantage Index (MQUSTVA), guaranteed by JPMorgan Chase & Co. The notes offer a contingent interest rate of at least 8.25% per annum, paid monthly if conditions are met, with monthly review dates.

Key thresholds include a 95.00% Call Value, an 85.00% Interest Barrier/Buffer Threshold, and a 15.00% buffer. If called, holders receive principal plus due interest; if not called and the final value is below the buffer threshold, principal is reduced per formula. The estimated value will not be less than $900 per $1,000 note. The underlying reflects a 6.0% per annum deduction and a daily notional financing cost tied to QQQ excess return. Pricing Date: October 28, 2025; Maturity Date: October 3, 2028. Payments are subject to issuer and guarantor credit risk.

JPMorgan Chase Financial Company LLC is offering primary structured notes, fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the S&P 500 Index, Nasdaq‑100 Index, and Russell 2000 Index, maturing on November 2, 2028. The notes may be automatically called if, on any Review Date, each index is at or above its applicable Call Value, with the earliest potential call on October 30, 2026. Denominations are $1,000 and multiples thereof.

The design features a 30.00% Buffer Amount and minimum Call Premium Amounts of at least 7.700% on the first Review Date, stepping up to at least 23.100% on the final Review Date. If not called and any index finishes below its Initial Value by more than the Buffer Amount, repayment of principal will be reduced, with potential loss of up to 70.00% at maturity. These notes pay no interest or dividends. Selling commissions will not exceed $6.00 per $1,000 note. If priced today, the estimated value would be approximately $977.70 per $1,000 note, and when set it will not be less than $940.00 per $1,000.

JPMorgan Chase Financial Company LLC priced Trigger Jump Securities linked to Vertiv Holdings Co Class A common stock, due May 5, 2027, in an aggregate principal amount of $8,044,000 at $1,000 per security. The securities are fully and unconditionally guaranteed by JPMorgan Chase & Co. and will not be listed.

If the final stock price on the valuation date is greater than or equal to the initial stock price of $177.82, each security pays $1,000 + $535 (a fixed 53.50% upside). If the final price is below the initial but at or above the 70% trigger level of $124.474, the maturity payment is $1,000. If it is below the trigger, repayment is $1,000 × (final/initial), resulting in losses greater than 30% and potentially zero. The securities pay no interest and provide no dividends.

The estimated value on the pricing date was $947.10 per $1,000. Commissions were $20 per security plus a $5 structuring fee (total fees $201,100), with total proceeds to the issuer of $7,842,900. The valuation date is April 30, 2027, and payment at maturity is subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC priced Trigger Jump Securities linked to Uber Technologies, Inc. common stock, fully and unconditionally guaranteed by JPMorgan Chase & Co. The issue totals $4,395,000 in aggregate principal amount under the 424(b)(2) program.

The notes offer a fixed upside payment of $321 per $1,000 (32.10%) at maturity if the final stock price is at or above the initial price. Principal is returned if Uber’s final price is below the initial but at or above the trigger level of $69.39 (75% of the $92.52 initial price). If the final price falls below the trigger, repayment is linear with the stock’s decline, and investors can lose all principal.

The securities pay no interest, are unsecured obligations of JPMorgan Chase Financial Company LLC, and mature on May 5, 2027 (valuation date April 30, 2027). The issue price is $1,000 per note; total fees and commissions are $109,875, with proceeds to issuer of $4,285,125. The estimated value on pricing date was $958 per $1,000. The notes will not be listed on any exchange, and any payment is subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC priced $2,769,000 of Auto Callable Buffered Return Enhanced Notes linked to the least performing of the S&P 500, Nasdaq-100 Technology Sector Index and Russell 2000, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes priced on October 16, 2025 and are expected to settle on or about October 21, 2025, with maturity on November 19, 2026.

The notes may be automatically called on October 22, 2026 if each index is at or above its Call Value (100% of its Initial Value), paying $1,000 plus a $117.50 call premium per note. If not called and all indices finish above their Initial Values, maturity pays 3.00 times the appreciation of the least performer. A 15.00% buffer applies; if any index falls more than the buffer, principal is reduced 1% per 1% decline beyond the buffer, up to 85.00% loss. The notes pay no interest or dividends and are unsecured. Price to public is $1,000 per note; fees are $22.25 and issuer proceeds are $977.75 per note (total fees $61,610.25; total proceeds $2,707,389.75). The estimated value was $971.90 per $1,000.

JPMorgan Chase Financial Company LLC priced Trigger Jump Securities linked to the EURO STOXX 50 Index, due November 3, 2028, with an aggregate principal amount of $8,803,000 under its Series A MTN program, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are issued at $1,000 per security, pay no interest, and are not listed. At maturity, holders receive: (i) if the final index value is greater than or equal to the initial level, $1,000 plus the greater of full index participation or an upside payment of $310.50 per $1,000 (31.05%); (ii) if the index is down by no more than 10%, $1,000; (iii) if the index is down by more than 10%, $1,000 × (final/initial), risking substantial loss up to total loss of principal.

Key terms: initial index value 5,652.01; trigger level 5,086.809 (90% of initial); valuation date October 31, 2028. Estimated value on pricing date is $955 per $1,000. Commissions are $25.00 per note plus a $5.00 structuring fee; proceeds to issuer total $8,538,910. Payments are subject to the credit risk of JPMorgan Financial and JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC priced $22,954,000 of Dual Directional Buffered PLUS linked to the S&P 500 Index, due November 3, 2027, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and are principal-at-risk.

Each $1,000 note offers 150% leveraged upside on gains, capped at a maximum payment of $1,163.50 per note. If the index declines by up to the 10.00% buffer, investors receive a positive return equal to the absolute decline (up to 10%). Losses resume beyond the buffer, with a minimum payment of $100.00 per note at maturity.

The issue price is $1,000 per note; fees and commissions total $25 per note ($20 selling, $5 structuring), with aggregate fees of $573,850 and $22,380,150 in proceeds to the issuer. The estimated value on the pricing date was $965.60 per $1,000 note. The notes will not be listed on any exchange, and any payment is subject to the credit risk of the issuer and guarantor.