JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPMorgan Chase Financial Co. LLC just filed a prospectus, signaling new securities offerings are on the way.**

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 the company is offering or preparing to offer securities, likely debt or equity, under previously approved terms. For investors, this means JPMorgan Chase Financial Co. LLC is actively managing its capital structure, potentially raising funds for operations, investments, or refinancing, which could impact future earnings and dividend policies.

Why It Matters

This filing signals that JPMorgan Chase Financial Co. LLC is actively raising capital, which could be used to fund growth initiatives, manage debt, or support its parent company, JPMorgan Chase & Co.

Risk Assessment

Risk Level: low — A 424B2 filing is a routine prospectus supplement for an existing shelf registration, indicating standard capital markets activity rather than an immediate, high-risk event.

Analyst Insight

Investors should monitor subsequent filings (like pricing supplements) to understand the specific terms, size, and use of proceeds for any securities offered by JPMorgan Chase Financial Co. LLC, as this could impact the parent company's (JPMorgan Chase & Co.) financial health and stock performance.

Key Numbers

• 333-270004-01 — Shelf Registration File No. (This is the specific registration statement under which the securities are being offered by JPMorgan Chase Financial Co. LLC.)
• 2026-03-23 — Filing Date (This is the date the 424B2 prospectus was filed, indicating the timing of the potential securities offering.)
• 0001665650 — CIK for JPMorgan Chase Financial Co. LLC (This unique identifier helps track all SEC filings for JPMorgan Chase Financial Co. LLC.)

Key Players & Entities

• JPMorgan Chase Financial Co. LLC (company) — the filer of the 424B2 prospectus
• JPMorgan Chase & Co. (company) — the parent company of the filer
• March 23, 2026 (date) — the filing date of the 424B2
• 333-270004-01 (dollar_amount) — the file number for JPMorgan Chase Financial Co. LLC's shelf registration
• 0001665650 (dollar_amount) — the CIK for JPMorgan Chase Financial Co. LLC

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will issue new debt or equity securities. (JPMorgan Chase Financial Co. LLC) — high confidence, target: within 6 months of 2026-03-23

FAQ

Key Financial Figures

• $19,900,000 — pany LLC Medium-Term Notes, Series A $19,900,000 Digital Equity Notes due 2028 (Linked
• $1,220.00 — eive the threshold settlement amount of $1,220.00 for each $1,000 principal amount note.
• $1,000 — settlement amount of $1,220.00 for each $1,000 principal amount note. If the final und
• $997.00 — en the terms of the notes were set, was $997.00 per $1,000 principal amount note. See "
• $10,000 — offering expenses will be approximately $10,000. We have agreed to sell to JPMS, and JP

Filing Documents

• jpm2429_424b2-10619.htm (424B2) — 164KB
• ex-filingfees.htm (EX-FILING FEES) — 8KB
• image1.gif (GRAPHIC) — 4KB
• image2.jpg (GRAPHIC) — 165KB
• 0001839882-26-016531.txt ( ) — 500KB
• ex-filingfees_htm.xml (XML) — 2KB

From the Filing

SUPPLEMENT Filed Pursuant to Rule 424(b)(2) Registration Statement Nos. 333-270004 and 333-270004-01 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 $19,900,000 Digital Equity Notes due 2028 (Linked to the S&P 500 Index) Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes do not bear interest. The amount that you will be paid on your notes on the stated maturity date (July 12, 2028, subject to adjustment) is based on the performance of the S&P 500 Index (which we refer to as the underlier) as measured from and including the trade date (March 19, 2026) to and including the determination date (July 10, 2028, subject to adjustment). If the final underlier level on the determination date is greater than or equal to 85.00% of the initial underlier level, you will receive the threshold settlement amount of $1,220.00 for each $1,000 principal amount note. If the final underlier level declines by more than 15.00% 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 -15.00% (the final underlier level is greater than or equal to 85.00% of the initial underlier level), the threshold settlement amount; or if the underlier return is below -15.00% (the final underlier level is less than the initial underlier level by more than 15.00%), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) approximately 1.1765 times (c) the sum of the underlier return plus 15.00%. 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-12 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 were set, was $997.00 per $1,000 principal amount note. See "Summary Information — The Estimated Value of the Notes" on page PS-6 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-7 of this pricing supplement for information about secondary market prices of the notes. Original issue date (settlement date): March 24, 2026 Original issue price: 100.00% of the principal amount Underwriting commission/discount: 0.00% of the principal amount Net proceeds to the issuer: 100.00% of the principal amount See "Summary Information — Supplemental Use of Proceeds" on page PS-7 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 not receive selling commissions for these notes and will sell the notes to an unaffiliated dealer at 100.00% 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 accompanying prospectus supplement, the accompanying prospectus or the accompanying prospectus addendum. Any representation to the contrary is a criminal offense. The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank. Pricing Supplement dated March 19, 2026 The original issue price, fees and commissions and net proceeds listed above relate to the notes we sell initially. We may decide to sell additional notes after the date of th

View Full Filing

View this 424B2 filing on SEC EDGAR