We study near-extremal n-point correlation functions of chiral primary operators, in which the maximal scale dimension k is related to the others by k = i k i − m with m ≤ n − 3. Through order g 2 in field theory, we show that these correlators are simple sums of terms each of which factors into products of lower-point correlators. Terms which contain only factors of two-and three-point functions are not renormalized, but other terms have non-vanishing order g 2 corrections. We then show that the contributing AdS exchange diagrams neatly match this factored structure. In particular, for n = 4, 5 precise agreement in form and coefficient is established between supergravity and the non-renormalized factored terms from field theory. On the other hand, contact diagrams in supergravity would produce a non-factored structure. This leads us to conjecture that the corresponding bulk couplings vanish, so as to achieve full agreement between the structure of these correlators in supergravity and weak-coupling field theory.