Alerian MLP Index ETN SEC Filings

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Capped Buffered Equity Notes linked to Constellation Energy Corporation common stock. The notes target unleveraged equity exposure with a Maximum Return of at least 92.00% and a 15.00% Buffer Amount at maturity. They pay no interest or dividends and expose holders to the credit risk of JPMorgan Chase Financial Company LLC, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes are expected to price on or about October 31, 2025, settle on or about November 5, 2025, and mature on November 3, 2028, with the Observation Date on October 31, 2028. Minimum denomination is $1,000. If priced today, the estimated value would be approximately $941.00 per $1,000, and will not be less than $900.00 per $1,000 when set. Investors receive principal if the Final Value is at or above 85% of the Initial Value; upside is capped at the Maximum Return. Below the buffer, principal is reduced 1-for-1 with further declines. The notes will not be listed, and secondary prices may be lower than the issue price.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Auto Callable Accelerated Barrier Notes linked to the least performing of Salesforce (CRM), Broadcom (AVGO) and AMD (AMD), due October 20, 2028, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes may be automatically called on October 23, 2026 if each stock’s closing price is at or above its 100% Call Value, returning $1,000 plus a Call Premium Amount of at least $936.50 per $1,000 note. If not called, at maturity investors receive an uncapped 2.00x return on the least performing stock’s gain; par is returned if each final value is at or above the 60.00% Barrier Amount of its initial value. If any final value is below its barrier, repayment is reduced one-for-one with the least performer and could be zero.

The notes pay no interest and offer no dividends. They are unsecured obligations of JPMorgan Chase Financial and subject to the credit risk of both the issuer and guarantor. The preliminary estimated value is approximately $946.60 per $1,000 note; the final estimated value will be provided at pricing and will not be less than $920.00. Minimum denominations are $1,000. Sales are to fee-based advisory accounts; dealers may receive a $8 per $1,000 structuring fee.

JPMorgan Chase Financial Company LLC priced Auto Callable Buffered Equity Notes linked to the EURO STOXX 50 Index under Rule 424(b)(2). The offering totals $2,718,000 at $1,000 per note, with $40,770 in fees and $2,677,230 in proceeds to the issuer. Minimum denominations are $10,000.

The notes may be automatically called on October 23, 2026 if the Index closes at or above the Initial Index Level of 5,531.32, paying $1,000 plus a 10.10% call premium on October 28, 2026. If not called and the Ending Index Level is at or above the Initial Index Level, investors receive uncapped upside with a Contingent Minimum Return of 20.20% (i.e., at least $1,202 per $1,000). A 15.00% buffer applies; below that, losses amplify at a 1.17647 downside leverage factor. Valuation is October 11, 2027 and maturity is October 14, 2027. No interest or dividends are paid.

The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co. The estimated value is $975.30 per $1,000 at pricing. The notes will not be listed; secondary market liquidity may be limited.

JPMorgan Chase Financial Company LLC priced a primary offering of $490,000 in Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes are issued in $1,000 denominations at $1,000 price to public, with $12.50 fees per note and $987.50 proceeds to the issuer; the estimated value was $934.80 per $1,000 when set.

The notes pay a monthly contingent coupon at 16.35% per annum (1.3625% per month) if the Index closes on or above the 70.00% Interest Barrier (2,610.678). They auto-call quarterly if the Index is at or above the Initial Value, first eligible on October 12, 2026. If not called, maturity is October 16, 2030. Principal is at risk: if the Final Value is below the 50.00% Trigger Value (1,864.77), repayment is reduced by the Index decline, potentially to zero. The Index includes a 6.0% per annum daily deduction, which drags performance. Initial Value was 3,729.54.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering $2,600,000 of Callable Fixed-to-Floating Rate Notes. The price to public is $1,000 per note, with selling commissions of $31.212 per $1,000 and expected net proceeds of $2,518,850. The notes pay interest quarterly (Jan 15, Apr 15, Jul 15, Oct 15) on a 30/360 basis and mature on October 13, 2045.

Interest is fixed at 7.50% per annum through October 15, 2030. Thereafter, it floats at 7.0 × (30-Year SOFR ICE Swap Rate − 2-Year SOFR ICE Swap Rate), subject to a 0.00% minimum and 7.00% maximum per annum. The issuer may redeem the notes in whole at par plus accrued interest on each Jan 15/Apr 15/Jul 15/Oct 15, starting October 15, 2030, with at least 5 Business Days’ notice to DTC. The estimated value is $909.50 per $1,000 at pricing. If the 30-year rate does not exceed the 2-year rate on a Determination Date, no interest accrues for that period.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., filed a preliminary pricing supplement for Callable Fixed to Floating Rate Notes linked to the 30‑Year and 2‑Year U.S. Dollar SOFR ICE Swap Rates, due October 31, 2045.

The notes pay a fixed 7.25% per annum during the Initial Interest Periods (from issuance through October 31, 2030). Thereafter, interest resets each quarter to the Spread (30‑Year SOFR ICE Swap Rate minus 2‑Year SOFR ICE Swap Rate) times a 7.0 Multiplier, subject to a 7.00% cap and 0.00% floor. Interest is paid on the last calendar day of January, April, July and October, commencing January 31, 2026.

The issuer may redeem in whole on the last day of January, April, July and October from October 31, 2030 to maturity at 100% of principal plus accrued interest, with at least 5 Business Days’ notice. If priced today, estimated value is $925.90 per $1,000 (not less than $900.00 when set). Selling commissions would be approximately $32.50 per $1,000, not exceeding $50.00 per $1,000.

Key risks include call risk, the potential for 0.00% interest if the Spread is non‑positive, limited secondary liquidity, sensitivity to SOFR ICE Swap Rate methodologies, and reliance on the issuer’s and guarantor’s credit.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Medium‑Term Notes, Series A — Digital Equity Notes due 2027, linked to the S&P 500 Index and fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay no interest and the maturity payment depends on index performance from the trade date to the determination date. If the final index level is at least 90% of the initial level, holders receive a threshold settlement amount expected between $1,140.80 and $1,165.20 per $1,000. If the index falls more than 10%, returns turn negative and principal can be lost.

Key terms include a 10% buffer, a cap level expected between 114.08% and 116.52% of the initial level, and an estimated value expected between $964.30 and $974.30 per $1,000. The notes are not listed, carry an original issue price of 100% with an underwriting commission up to 2.00%, and are subject to the credit risk of the issuer and guarantor. Indicative timing: trade date on or about October 17, 2025; determination date October 18, 2027; stated maturity date October 20, 2027.

JPMorgan Chase Financial Company LLC is offering Trigger Autocallable Contingent Yield Notes fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the lesser performing of the Russell 2000 Index and the EURO STOXX 50 Index. The notes target a Contingent Coupon Rate of 10.00%–10.60% per annum, paid quarterly only if each index closes at or above its Coupon Barrier on the Observation Date. They are callable quarterly after six months if each index is at or above its Initial Value; upon call, investors receive principal plus that quarter’s coupon.

The Downside Threshold equals the Coupon Barrier at 70% of Initial Value. If not called and either index finishes below its threshold at maturity, repayment is reduced proportionately to the lesser performer’s decline, up to total loss of principal. Key dates: Trade Date October 15, 2025; Settlement October 20, 2025; Maturity October 19, 2028. Issue price is $10 per note (minimum $1,000). The preliminary estimated value is about $9.823 per $10 and will not be less than $9.50 per $10. The notes are unsecured, not listed, and payments depend on the credit of the issuer and guarantor.

JPMorgan Chase Financial Company LLC launched a preliminary pricing supplement for Auto Callable Contingent Interest Notes linked to Super Micro Computer, Inc. (SMCI), fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes aim to pay a monthly contingent coupon of at least $16.875 per $1,000 (at least 20.25% per annum) whenever SMCI’s closing price on a Review Date is at or above 50.00% of the Initial Value (the Interest Barrier), with any previously unpaid coupons paid when conditions are met.

The notes are automatically called if, on designated Review Dates (excluding the first five and final), SMCI closes at or above the Initial Value; the earliest call date is April 20, 2026. If not called, and the Final Value is at or above the Trigger Value (50% of Initial Value), investors receive $1,000 plus the applicable coupon and any unpaid coupons at maturity on April 23, 2027. If the Final Value is below the Trigger, repayment equals $1,000 + ($1,000 × Stock Return), resulting in losses that can exceed 50% and up to all principal.

Minimum denominations are $1,000. The notes are expected to price on or about October 20, 2025 and settle on or about October 23, 2025. An indicative estimated value is approximately $944.80 per $1,000, and the final estimated value will not be less than $900.00 per $1,000. All payments are subject to the credit risk of the issuer and guarantor.