Alerian MLP Index ETN SEC Filings

JPMorgan Chase & Co. filed a preliminary pricing supplement for Callable Step-Up Fixed Rate Notes due October 31, 2031. The notes pay 4.15% per annum from October 31, 2025 to October 31, 2028, then 5.00% per annum to October 31, 2031. Interest is paid annually on October 31, beginning in 2026, using a 30/360 day count, Following Business Day Convention and Unadjusted interest accrual.

The notes are callable at JPMorgan’s option, in whole but not in part, on the last calendar day of April and October from October 31, 2027 through April 30, 2031, at par plus accrued interest. The indicated per-note price to the public is $1,000, with eligible institutional or fee-based accounts between $985.10 and $1,000 per $1,000 principal amount. If priced today, selling commissions would be approximately $2.50 per $1,000 and will not exceed $15.00 per $1,000. CUSIP: 48130C6H3. Tax counsel expects treatment as step‑up fixed‑rate debt issued without original issue discount.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for callable structured notes linked to the MerQube US Large‑Cap Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes may be automatically called on a Review Date if the Index closes at or above the Call Value, with the earliest potential call on October 20, 2026 and a stated maturity on October 18, 2030. The notes do not pay interest or dividends and expose holders to loss of principal at maturity if the Index finishes below the barrier level.

The Index applies a 6.0% per annum daily deduction, which can offset gains and amplify losses, and targets 35% implied volatility with exposure to E‑mini S&P 500 futures that can range from 0% to 500%. Minimum Call Premium Amounts per $1,000 are scheduled from $155.00 on the first Review Date up to $775.00 on the final Review Date. If priced today, the estimated value would be approximately $927.90 per $1,000 note, and when set will not be less than $900.00 per $1,000. Minimum denominations are $1,000 and integral multiples thereof.

JPMorgan Chase Financial Company LLC plans to issue Capped Buffered Equity Notes linked to the S&P 500 Index, due December 3, 2026, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes offer 1.00x upside on any S&P 500 gain, capped at a maximum return of at least 11.90%, and a 15.00% downside buffer at maturity.

The notes pay no interest or dividends and are unsecured, unsubordinated obligations subject to the credit risk of both the issuer and guarantor. Denominations are $1,000. They are expected to price on or about October 31, 2025 and settle on or about November 5, 2025.

If priced today, the estimated value would be approximately $992.50 per $1,000 principal amount, and when set, will not be less than $960.00 per $1,000. Sales are to certain fee-based advisory accounts, with broker-dealers foregoing commissions. Repayment at maturity depends on index performance: return of principal if the decline is within the 15% buffer, capped participation on gains, and losses beyond the buffer potentially up to 85% of principal.

JPMorgan Chase Financial Company LLC priced a Rule 424(b)(2) offering of $551,000 Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co. The notes pay a monthly contingent interest of $12.375 per $1,000 (a 14.85% per annum rate) if, on each monthly review date, the Index closes at or above 70.00% of the Initial Value.

The notes may be automatically called quarterly starting October 12, 2026 if the Index is at or above the Initial Value. If not called, they mature on October 16, 2030. Principal is at risk: if the Final Value is below 85.00% of the Initial Value, repayment is reduced 1% for each 1% decline beyond the 15% buffer, up to an 85.00% loss. Key levels: Initial Value 12,001.35, Interest Barrier 8,400.945, Buffer Threshold 10,201.1475. The Index includes a 6.0% per annum daily deduction and a notional financing cost on QQQ exposure, which drags performance. Pricing: price to public $1,000 per note; fees $6.50; proceeds to issuer $993.50 per note (total proceeds $547,418.50). Estimated value on pricing date: $945.10 per $1,000.

JPMorgan Chase Financial Company LLC priced a $600,000 primary offering of Auto Callable Contingent Interest Notes linked to the MerQube US Large-Cap Vol Advantage Index, due October 15, 2030, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent interest rate of 11.15% per annum (0.92917% per month) when the Index closes on a Review Date at or above the Interest Barrier of 70.00% of the Initial Value (2,815.148). They are auto-callable if, on specified Review Dates (not the first through eleventh or final), the Index is at or above the Initial Value of 4,021.64; the earliest call date is October 9, 2026. If not called, principal is protected only if the Final Value is at or above the Trigger Value of 60.00% (2,412.984); below that, losses mirror the Index’s decline.

Per note, the price to public is $1,000, fees and commissions are $42.75, and proceeds to the issuer are $957.25 (total proceeds $574,350). The estimated value was $900.00 per $1,000 note. The Index includes a 6.0% per annum daily deduction, which acts as a drag on performance. The notes are unsecured and subject to the credit risk of both the issuer and guarantor.

JPMorgan Chase Financial Company LLC outlined a preliminary 424(b)(2) for Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes pay a contingent coupon of at least 13.50% per annum (at least 1.125% monthly) when the Index closes at or above 75.00% of the Initial Value on monthly review dates. They are automatically called on quarterly review dates if the Index is at or above the Initial Value, with the earliest call on October 26, 2026. If not called, the notes mature on October 29, 2030.

The structure includes a 15.00% Buffer Amount (Buffer Threshold 85.00% of Initial Value). If the Final Value is below the Buffer Threshold, repayment is reduced dollar-for-dollar beyond the buffer, with up to 85.00% principal loss possible. Minimum denomination is $1,000. Indicative estimated value is approximately $920 per $1,000 today and will not be less than $900 at pricing. The Index incurs a 6.0% per annum daily deduction and a notional financing cost, which can drag performance. The notes are unsecured, unlisted, and subject to the credit risk of the issuer and guarantor.

JPMorgan Chase Financial Company LLC filed a preliminary pricing supplement for Uncapped Buffered Return Enhanced Notes linked to the lesser performing of the Dow Jones Industrial Average and the S&P 500 Index, due October 18, 2029. The notes are unsecured obligations of JPMorgan Chase Financial Company LLC and are fully and unconditionally guaranteed by JPMorgan Chase & Co.

The notes offer an uncapped return of at least 1.05x any positive performance of the lesser performing index at maturity, with a 30.00% buffer against declines. If either index falls by more than 30%, repayment is reduced 1% for each additional 1% decline, up to a 70% loss of principal. The notes pay no interest or dividends. Minimum denomination is $1,000. They are expected to price on or about October 15, 2025, settle on or about October 20, 2025, have an observation date of October 15, 2029, and mature on October 18, 2029. If priced today, the estimated value would be approximately $978.10 per $1,000 note, and will not be less than $940.00 per $1,000 when set. Selling commissions will not exceed $11.00 per $1,000 note.

JPMorgan Chase Financial Company LLC is offering Auto Callable Contingent Interest Notes linked to Freeport‑McMoRan common stock. The notes pay a $12.825 Contingent Interest Payment per $1,000 note for any Review Date when FCX is at or above the Interest Barrier of $32.1375 (75.00% of the $42.85 Stock Strike Price). The notes are automatically called if FCX closes at or above the Stock Strike Price on any Review Date before maturity; the earliest possible call date is November 10, 2025.

If not called and a Trigger Event occurs (Final Stock Price below the $32.1375 Trigger Level), repayment of principal is reduced by 1.33333% for each 1% FCX declines beyond 25.00%, which can result in substantial loss of principal. Denominations are $10,000 minimum and integral multiples of $1,000. Total offering size is $24,000,000 (price to public), with $24,000 in fees and $23,976,000 in proceeds to the issuer. The estimated value was $988.30 per $1,000 note. The notes are unsecured obligations of JPMorgan Chase Financial, fully and unconditionally guaranteed by JPMorgan Chase & Co.

JPMorgan Chase Financial Company LLC priced $1,369,000 of Auto Callable Contingent Interest Notes linked to the MerQube US Tech+ Vol Advantage Index, fully and unconditionally guaranteed by JPMorgan Chase & Co., due October 16, 2030.

The notes pay a Contingent Interest Rate of 8.75% per annum (0.72917% monthly) on any Review Date when the Index closes at or above the 70% Interest Barrier. Any unpaid coupons accrue and are paid on the next qualifying Review Date. The notes are auto‑callable on Review Dates beginning October 12, 2026 if the Index is at or above the 94% Call Value. At maturity, if not called, principal is protected only to the 85% Buffer Threshold; below that, losses increase 1:1, up to 85% of principal.

Pricing terms: $1,000 price to public per note; $39 fees and commissions; $961 proceeds to issuer; estimated value $917.80 per $1,000 at pricing. The unsecured notes carry the credit risk of JPMorgan Financial and JPMorgan Chase & Co., are offered in $1,000 minimum denominations, and will not be listed. The underlying Index includes a 6.0% per annum daily deduction and a daily notional financing cost, which may materially drag performance, with exposure dynamically set to target 35% volatility (0%–500% cap).