JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPMorgan Chase Financial Co. LLC is issuing new securities under an existing shelf registration.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026, related to a previously filed registration statement (333-270004-01). This filing indicates that JPMorgan Chase Financial Co. LLC is offering securities, likely debt or equity, under an existing shelf registration. For investors, this means the company is actively raising capital, which could be used for general corporate purposes, potentially impacting future earnings or growth, and signals ongoing financial activity within the JPMorgan Chase family.

Why It Matters

This filing signals that JPMorgan Chase Financial Co. LLC is actively raising capital, which could impact the parent company's financial structure and future investment capacity.

Risk Assessment

Risk Level: low — This is a routine prospectus filing for an existing shelf registration, indicating standard capital-raising activities with no immediate red flags.

Analyst Insight

Investors should note this as a routine capital-raising activity by a JPMorgan Chase subsidiary. It's worth checking the full prospectus supplement (form424b2.htm) for details on the specific securities being offered, such as interest rates, maturity dates, or equity terms, to understand potential impacts on the parent company's financials.

Key Numbers

• 2026-03-24 — Filing Date (Date the 424B2 prospectus was filed and accepted by the SEC.)
• 333-270004-01 — File Number (The specific registration statement under which JPMorgan Chase Financial Co. LLC is offering securities.)

Key Players & Entities

• JPMorgan Chase Financial Co. LLC (company) — Filer of the 424B2 prospectus
• JPMORGAN CHASE & CO (company) — Parent company of the filer
• 0001665650 (person) — CIK of JPMorgan Chase Financial Co. LLC
• 0000019617 (person) — CIK of JPMORGAN CHASE & CO
• 333-270004-01 (dollar_amount) — File number for JPMorgan Chase Financial Co. LLC's registration statement
• 333-270004 (dollar_amount) — File number for JPMORGAN CHASE & CO's registration statement
• 2026-03-24 (dollar_amount) — Filing and acceptance date of the 424B2

FAQ

Key Financial Figures

• $1,025,000 — l Company LLC Structured Investments $1,025,000 Auto Callable Accelerated Barrier Not
• $1,000 — ribed below. Minimum denominations of $1,000 and integral multiples thereof The no
• $9 — roceeds to Issuer Per note $1,000 $9 $991 Total $1,025,000 $9,225
• $991 — ds to Issuer Per note $1,000 $9 $991 Total $1,025,000 $9,225 $1,015,
• $9,225 — ,000 $9 $991 Total $1,025,000 $9,225 $1,015,775 (1) See "Supplemental Us
• $1,015,775 — $991 Total $1,025,000 $9,225 $1,015,775 (1) See "Supplemental Use of Proceeds
• $9.00 — l pay all of the selling commissions of $9.00 per $1,000 principal amount note it rec
• $968.70 — en the terms of the notes were set, was $968.70 per $1,000 principal amount note. See "
• $257.50 — , the "Indices") Call Premium Amount: $257.50 per $1,000 principal amount note Call
• $1,975.00 — t Maturity 165.00 65.00% 97.50% $1,975.00 150.00 50.00% 75.00% $1,750.00
• $1,750.00 — $1,975.00 150.00 50.00% 75.00% $1,750.00 140.00 40.00% 60.00% $1,600.00
• $1,600.00 — $1,750.00 140.00 40.00% 60.00% $1,600.00 130.00 30.00% 45.00% $1,450.00
• $1,450.00 — $1,600.00 130.00 30.00% 45.00% $1,450.00 120.00 20.00% 30.00% $1,300.00
• $1,300.00 — $1,450.00 120.00 20.00% 30.00% $1,300.00 110.00 10.00% 15.00% $1,150.00
• $1,150.00 — $1,300.00 110.00 10.00% 15.00% $1,150.00 105.00 5.00% 7.50% $1,075.00

Filing Documents

• form424b2.htm (424B2) — 166KB
• exfilingfees.htm (EX-FILING FEES) — 5KB
• image_001.jpg (GRAPHIC) — 21KB
• image_002.jpg (GRAPHIC) — 5KB
• image_005.jpg (GRAPHIC) — 179KB
• image_006.jpg (GRAPHIC) — 136KB
• image_007.jpg (GRAPHIC) — 141KB
• image_003.gif (GRAPHIC) — 3KB
• image_004.gif (GRAPHIC) — 3KB
• 0001918704-26-007911.txt ( ) — 932KB
• exfilingfees_htm.xml (XML) — 2KB

From the Filing

SUPPLEMENT March 20, 2026 Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(2) JPMorgan Chase Financial Company LLC Structured Investments $1,025,000 Auto Callable Accelerated Barrier Notes Linked to the Least Performing of the Dow Jones Industrial Average , the Nasdaq-100 Index and the Russell 2000 Index due March 23, 2029 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek early exit prior to maturity at a premium if, on the Review Date, the closing level of each of the Dow Jones Industrial Average , the Nasdaq-100 Index and the Russell 2000 Index, which we refer to as the Indices, is at or above its Call Value. The date on which an automatic call may be initiated is March 29, 2027. The notes are also designed for investors who seek an uncapped return of 1.50 times any appreciation of the least performing of the Indices at maturity, if the notes have not been automatically called. Investors should be willing to forgo interest and dividend payments and be willing to accept the risk of losing some or all of their principal amount at maturity. 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. Payments on the notes are not linked to a basket composed of the Indices. Payments on the notes are linked to the performance of each of the Indices individually, as described below. Minimum denominations of $1,000 and integral multiples thereof The notes priced on March 20, 2026 and are expected to settle on or about March 25, 2026. CUSIP: 46660R5E0 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-4 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, underlying 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 $9 $991 Total $1,025,000 $9,225 $1,015,775 (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 of $9.00 per $1,000 principal amount note it receives from us to other affiliated or unaffiliated dealers. See "Plan of Distribution (Conflicts of Interest)" in the accompanying product supplement. The estimated value of the notes, when the terms of the notes were set, was $968.70 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. Pricing supplement to product supplement no. 4-I dated April 13, 2023, underlying supplement no. 1-I dated April 13, 2023, the prospectus and prospectus supplement, each dated April 13, 2023, and the prospectus addendum dated June 3, 2024 Key Terms Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Indices: The Dow Jones Industrial Average (Bloomberg ticker: INDU), the Nasdaq-100 Index (Bloomberg ticker: NDX) and the Russell 2000 Index (Bloomberg ticker: RTY) (each an "Index" and collectively, the "Indices") Call Premium Amount: $257.50 per $1,000 principal amount note Call Value: With respect to each Index, 100.00% of its Initial Value Upside Leverage Factor: 1.50 Barrier Amount: With respect to each Index, 70.00% of its Initial Value, which is 31,904.229 for the Dow Jones Industrial Average , 16,728.705 for the Nasdaq-100 Index and 1,706.9157 for the Russell 2000 Index Pricing Date: March 20, 2026 Original Issue Date (Settlement Date): On or about March 25, 2026 Review Date*: March 29, 2027 Call Settlement Date*: April 1, 2027 Observation Date*: March 20, 2029 Maturity Date*: March 23, 2029 * Subject to postponement in the event of a market disruption event and as described under

View Full Filing

View this 424B2 filing on SEC EDGAR