JPMorgan Financial Files 424B2 for New Securities Offering

TL;DR

**JPM Financial just filed for a new securities offering, likely to raise fresh capital.**

AI Summary

JPMorgan Chase Financial Co. LLC filed a 424B2 prospectus on March 24, 2026, which is a preliminary pricing supplement for a new securities offering. This filing, under CIK 0001665650, indicates that the company is preparing to issue new financial products, likely debt or structured notes, to raise capital. For investors, this matters because new offerings can impact the company's capital structure, potentially diluting existing equity or increasing debt obligations, which could affect future earnings and stock valuation.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC's intent to raise capital through new securities, which could alter its financial leverage and future profitability.

Risk Assessment

Risk Level: medium — The filing itself is procedural, but the underlying offering could introduce new financial risks or opportunities depending on its terms.

Analyst Insight

Investors should monitor subsequent filings (like a final pricing supplement or prospectus) to understand the specific terms, size, and type of securities being offered, as this will determine the impact on JPMorgan Chase's financial health and existing shareholders.

Key Numbers

• 2026-03-24 — Filing Date (Date the 424B2 prospectus was filed)
• 333-270004-01 — File Number (Registration statement under which the securities will be offered by JPMorgan Chase Financial Co. LLC)

Key Players & Entities

• JPMorgan Chase Financial Co. LLC (company) — Filer of the 424B2 prospectus
• JPMORGAN CHASE & CO (company) — Parent company, also listed as a filer
• 0001665650 (person|company|dollar_amount) — CIK for JPMorgan Chase Financial Co. LLC
• 0000019617 (person|company|dollar_amount) — CIK for JPMORGAN CHASE & CO
• 2026-03-24 (person|company|dollar_amount) — Filing Date
• 333-270004-01 (person|company|dollar_amount) — File Number for JPMorgan Chase Financial Co. LLC

FAQ

Key Financial Figures

• $1,000 — f the notes. Minimum denominations of $1,000 and integral multiples thereof The no
• $920.00 — lue of the notes would be approximately $920.00 per $1,000 principal amount note. The
• $900.00 — supplement and will not be less than $900.00 per $1,000 principal amount note . See
• $0.00003 — ck of AppLovin Corporation, par value $0.00003 per share (Bloomberg ticker: APP). We
• $22.0833 — gent Interest Payment equal to at least $22.0833 (equivalent to a Contingent Interest
• $795.0000 — l Contingent Interest Payments 36 $795.0000 35 $772.9167 34 $750.8333 33
• $772.9167 — rest Payments 36 $795.0000 35 $772.9167 34 $750.8333 33 $728.7500 32
• $750.8333 — 36 $795.0000 35 $772.9167 34 $750.8333 33 $728.7500 32 $706.6667 31
• $728.7500 — 35 $772.9167 34 $750.8333 33 $728.7500 32 $706.6667 31 $684.5833 30
• $706.6667 — 34 $750.8333 33 $728.7500 32 $706.6667 31 $684.5833 30 $662.5000 29
• $684.5833 — 33 $728.7500 32 $706.6667 31 $684.5833 30 $662.5000 29 $640.4167 28
• $662.5000 — 32 $706.6667 31 $684.5833 30 $662.5000 29 $640.4167 28 $618.3333 27
• $640.4167 — 31 $684.5833 30 $662.5000 29 $640.4167 28 $618.3333 27 $596.2500 26
• $618.3333 — 30 $662.5000 29 $640.4167 28 $618.3333 27 $596.2500 26 $574.1667 25
• $596.2500 — 29 $640.4167 28 $618.3333 27 $596.2500 26 $574.1667 25 $552.0833 24

Filing Documents

• ea0283085-01_424b2.htm (424B2) — 819KB
• bg1.jpg (GRAPHIC) — 280KB
• bg2.jpg (GRAPHIC) — 265KB
• bg3.jpg (GRAPHIC) — 353KB
• bg4.jpg (GRAPHIC) — 364KB
• bg5.jpg (GRAPHIC) — 358KB
• bg6.jpg (GRAPHIC) — 352KB
• bg7.jpg (GRAPHIC) — 34KB
• bg8.jpg (GRAPHIC) — 34KB
• bg9.jpg (GRAPHIC) — 34KB
• bga.jpg (GRAPHIC) — 482KB
• bgb.jpg (GRAPHIC) — 269KB
• bgc.jpg (GRAPHIC) — 181KB
• bgd.jpg (GRAPHIC) — 244KB
• 0001213900-26-033228.txt ( ) — 2577KB

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. March , 2026 Registration Statement Nos. 333-2 70004 and 333-2 70004 -01; Rule 424(b)(2) Pricing supplement to product supplement no. 4-I dated April 13, 2023, the prospectus and prospectus supplement, each dated April 13, 2023, and the prospectus addendum dated June 3, 2024 JPMorgan Chase Financial Company LLC Structured Investments Auto Callable Contingent Interest Notes Linked to the Class A Common Stock of AppLovin Corporation due April 2, 2029 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek a Contingent Interest Payment with respect to each monthly Interest Review Date for which the closing price of one share of the Reference Stock is greater than or equal to 50.00% of the Initial Value, which we refer to as the Interest Barrier . The notes will be automatically called if the closing price of one share of the Reference Stock on any quarterly Autocall Review Date is greater than or equal to the Initial Value. The earliest date on which an automatic call may be initiated is September 28, 2026. Investors should be willing to accept the risk of losing a significant portion or all of their principal and the risk that no Contingent Interest Payment may be made with respect to some or all Interest Review Date s. Investors should also be willing to forgo fixed interest and dividend payments, in exchange for the opportunity to receive Contingent Interest Payments. The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to as JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co. Any payment on the notes is subject to the credit risk of JPMorgan Financial, as issuer of the notes, and the credit risk of JPMorgan Chase & Co., as guarantor of the notes. Minimum denominations of $1,000 and integral multiples thereof The notes are expected to price on or about March 27 , 2026 and are expected to settle on or about April 1, 2026 . CUSIP: 46660MR64 Investing in the notes involves a number of risks. See "Risk Factors" beginning on page S -2 of the accompanying prospectus supplement, Annex A to the accompanying prospectus addendum, "Risk Factors" beginning on page PS -11 of the accompanying product supplement and " Selected Risk Considerations " beginning on page PS-5 of this pricing supplement. Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the notes or passed upon the accuracy or the adequacy of this pricing supplement or the accompanying product supplement, prospectus supplement, prospectus and prospectus addendum. Any representation to the contrary is a criminal offense. Price to Public (1) Fees and Commissions (2) Proceeds to Issuer Per note $1,000 $ $ Total $ $ $ (1) See "Supplemental Use of Proceeds" in this pricing supplement for information about the components of the price to public of the notes. (2) 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 other affiliated or unaffiliated dealers. In no event will these selling commissions exceed $ 28 .50 per $1,000 principal amount note. See "Plan of Distribution (Conflicts of Interest)" in the accompanying product supplement. If the notes priced today, the estimated value of the notes would be approximately $920.00 per $1,000 principal amount note. The estimated value of the notes, when the terms of the notes are set, will be provided in the pricing supplement and will not be less than $900.00 per $1,000 principal amount note . See " The Estimated Value of the Notes " in this pricing supplement for additional information. 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. *This preliminary pricing supplement amends and restates and supersedes the original preliminary pricing supplement related hereto dated March 10, 2026 to product supplement no. 4-I in its entirety (the original preliminary pricing supplement is available on the SEC website at http://www.sec.gov/Archives/edgar/data/19617/000121390026025939/ea0280939-01_424b2.htm). PS-1 | Structured Investments Auto Callable Contingent Interest Notes Linked to the Class A Common Stock of AppLovin Corporation Key Terms Issuer: JPMorgan Chase Financial Company LLC , a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: J

View Full Filing

View this 424B2 filing on SEC EDGAR