Nefreet |
Indeed. If this was a scenario like True Dragons of Absalom, which requires the entire party to play 4th level Pregens, then you could apply the Chronicle to any character levels 3-5.
If you simply played a 4th level Pregen on your own, then you apply the Chronicle whenever your PC reaches 4th level (or have the gold reduced to 500 and apply it to a 1st level PC).