JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM Financial just filed a 424B2, likely issuing new debt under its existing shelf.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 23, 2026, related to its existing shelf registration statement (File No. 333-270004-01). This filing indicates that JPMorgan Chase Financial Co. LLC is offering new securities, likely debt instruments, under its previously established program. For investors, this means the company is actively raising capital, which could be used for general corporate purposes, potentially impacting future earnings or expansion plans, and signals the company's ongoing financial activities.

Why It Matters

This filing signals that JPMorgan Chase Financial Co. LLC is actively raising capital, which could influence its financial leverage and future investment capacity.

Risk Assessment

Risk Level: low — A 424B2 filing for an existing shelf registration is a routine capital markets activity for a large financial institution and does not inherently signal high risk.

Analyst Insight

Investors should monitor subsequent filings for specific terms of the securities offered, such as interest rates or maturity dates, to assess the impact on JPMorgan Chase Financial Co. LLC's financial health and future obligations.

Key Numbers

• 333-270004-01 — Shelf Registration File No. (The specific registration under which the securities are being offered by JPMorgan Chase Financial Co. LLC.)
• 2026-03-23 — Filing Date (The date the 424B2 prospectus was filed, indicating the timing of the offering.)
• 0001665650 — CIK for JPMorgan Chase Financial Co. LLC (Unique identifier for the filing entity.)
• 0000019617 — CIK for JPMorgan Chase & Co. (Unique identifier for the parent company.)

Key Players & Entities

• JPMorgan Chase Financial Co. LLC (company) — Filer of the 424B2 prospectus
• JPMorgan Chase & Co. (company) — Parent company of the filer
• March 23, 2026 (date) — Filing date of the 424B2 prospectus
• 333-270004-01 (dollar_amount) — File number for the shelf registration statement

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will successfully issue new securities under this prospectus. (JPMorgan Chase Financial Co. LLC) — high confidence, target: 2026-06-30

FAQ

Key Financial Figures

• $1,190.10 — tlement amount (expected to be at least $1,190.10 for each $1,000 principal amount note).
• $1,000 — ected to be at least $1,190.10 for each $1,000 principal amount note). If the final un
• $975.80 — upplement and is expected to be between $975.80 and $985.80 per $1,000 principal amount
• $985.80 — d is expected to be between $975.80 and $985.80 per $1,000 principal amount note. See "
• $84.46 — l of the underlier on the strike date): $84.46. The accompanying product supplement re

Filing Documents

• ea0283017-01_424b2.htm (424B2) — 112KB
• image_001.jpg (GRAPHIC) — 41KB
• image_002.jpg (GRAPHIC) — 54KB
• 0001213900-26-032891.txt ( ) — 244KB

From the Filing

PRICING SUPPLEMENT The information in this preliminary pricing supplement is not complete and may be changed. This preliminary pricing supplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. Filed Pursuant to Rule 424(b)(2) Registration Statement Nos. 333-270004 and 333-270004-01 2026. Pricing Supplement to the Prospectus and Prospectus Supplement, each dated April 13, 2023 , the Underlying Supplement No. 1-I dated April 13, 2023 , the Product Supplement No. 4-I dated April 13, 2023 and the Prospectus Addendum dated June 3, 2024 JPMorgan Chase Financial Company LLC Medium-Term Notes, Series A $ Digital Equity Notes due 2027 (Linked to the iShares ® Expanded Tech-Software Sector ETF) Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes will not bear interest. The amount that you will be paid on your notes on the stated maturity date (May 13, 2027, subject to adjustment) is based on the performance of the iShares ® Expanded Tech-Software Sector ETF (which we refer to as the underlier) as measured from and including the strike date (March 19, 2026) to and including the determination date (May 11, 2027, subject to adjustment). If the final underlier level on the determination date is greater than or equal to 90.00% of the initial underlier level (which is the closing level of the underlier on the strike date), you will receive the threshold settlement amount (expected to be at least $1,190.10 for each $1,000 principal amount note). If the final underlier level declines by more than 10.00% from the initial underlier level, the return on your notes will be negative. You could lose your entire investment in the notes. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC ("JPMorgan Financial"), as issuer of the notes, and the credit risk of JPMorgan Chase & Co., as guarantor of the notes. To determine your payment at maturity, we will calculate the underlier return, which is the percentage increase or decrease in the final underlier level from the initial underlier level. On the stated maturity date, for each $1,000 principal amount note, you will receive an amount in cash equal to: · if the underlier return is greater than or equal to -10.00% (the final underlier level is greater than or equal to 90.00% of the initial underlier level), the threshold settlement amount; or · if the underlier return is below -10.00% (the final underlier level is less than the initial underlier level by more than 10.00%), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) approximately 1.1111 times (c) the sum of the underlier return plus 10.00%. You will receive less than $1,000. Your investment in the notes involves certain risks, including, among other things, our credit risk. See "Risk Factors" on page S-2 of the accompanying prospectus supplement, Annex A to the accompanying prospectus addendum, "Risk Factors" on page PS-11 of the accompanying product supplement and "Selected Risk Factors" on page PS-13 of this pricing supplement. The foregoing is only a brief summary of the terms of your notes. You should read the additional disclosure provided herein so that you may better understand the terms and risks of your investment. The estimated value of the notes, when the terms of the notes are set, will be provided in the final pricing supplement and is expected to be between $975.80 and $985.80 per $1,000 principal amount note. See "Summary Information — The Estimated Value of the Notes" on page PS-8 of this pricing supplement for additional information about the estimated value of the notes and "Summary Information — Secondary Market Prices of the Notes" on page PS-9 of this pricing supplement for information about secondary market prices of the notes. Original issue date (settlement date): on or about March 26, 2026 Original issue price: 100.00% of the principal amount Underwriting commission/discount: up to 0.84% of the principal amount* Net proceeds to the issuer: % of the principal amount See "Summary Information — Supplemental Use of Proceeds" on page PS-9 of this pricing supplement for information about the components of the original issue price of the notes. *J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to an unaffiliated dealer. In no event will these selling commissions exceed 0.84% of the principal amount. See "Plan of Distribution (Conflicts of Interest)" on page PS-86 of the accompanying product supplement. Neither the Securities and Exchange Commission (the "SEC") nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this pricing supplement, the accompanying product supplement, the accompanying underlying supplement, the a

View Full Filing

View this 424B2 filing on SEC EDGAR