JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM's finance arm just filed a prospectus, signaling new securities are coming.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026. This filing, related to their existing shelf registration (File No. 333-270004-01), indicates they are offering new securities. While the specific terms of the offering aren't detailed here, it signals JPMorgan Chase Financial Co. LLC is raising capital, which could impact the parent company's financial structure and future growth initiatives, potentially affecting shareholders by diluting existing shares or strengthening the company's balance sheet.

Why It Matters

This filing indicates JPMorgan Chase Financial Co. LLC is preparing to issue new securities, which could either dilute existing shares of the parent company, JPMorgan Chase & Co., or provide capital for growth, impacting investor returns.

Risk Assessment

Risk Level: medium — The filing itself is administrative, but the underlying offering could introduce market risk depending on the terms and use of proceeds.

Analyst Insight

Investors should monitor subsequent filings (like pricing supplements) to understand the specific terms, size, and impact of the securities offering by JPMorgan Chase Financial Co. LLC, as it could affect the parent company's stock.

Key Numbers

• 0001665650 — CIK (JPMorgan Chase Financial Co. LLC's Central Index Key)
• 0000019617 — CIK (JPMorgan Chase & Co.'s Central Index Key)
• 2026-03-24 — Filing Date (Date the 424B2 was filed)

Key Players & Entities

• JPMorgan Chase Financial Co. LLC (company) — Filer of the 424B2 prospectus
• JPMorgan Chase & Co. (company) — Parent company of the filer
• March 24, 2026 (date) — Filing date of the 424B2
• 333-270004-01 (dollar_amount) — File number for the shelf registration statement

FAQ

Key Financial Figures

• $4,736,000 — l Company LLC Structured Investments $4,736,000 Auto Callable Accelerated Barrier Not
• $1,000 — ribed below. Minimum denominations of $1,000 and integral multiples thereof The no
• $10 — roceeds to Issuer Per note $1,000 $10 $990 Total $4,736,000 $47,360
• $990 — s to Issuer Per note $1,000 $10 $990 Total $4,736,000 $47,360 $4,688
• $47,360 — 000 $10 $990 Total $4,736,000 $47,360 $4,688,640 (1) See "Supplemental Us
• $4,688,640 — $990 Total $4,736,000 $47,360 $4,688,640 (1) See "Supplemental Use of Proceeds
• $10.00 — l pay all of the selling commissions of $10.00 per $1,000 principal amount note it rec
• $975.80 — en the terms of the notes were set, was $975.80 per $1,000 principal amount note. See "
• $200.00 — , the "Indices") Call Premium Amount: $200.00 per $1,000 principal amount note Call
• $1,981.50 — t Maturity 165.00 65.00% 98.15% $1,981.50 150.00 50.00% 75.50% $1,755.00
• $1,755.00 — $1,981.50 150.00 50.00% 75.50% $1,755.00 140.00 40.00% 60.40% $1,604.00
• $1,604.00 — $1,755.00 140.00 40.00% 60.40% $1,604.00 130.00 30.00% 45.30% $1,453.00
• $1,453.00 — $1,604.00 130.00 30.00% 45.30% $1,453.00 120.00 20.00% 30.20% $1,302.00
• $1,302.00 — $1,453.00 120.00 20.00% 30.20% $1,302.00 110.00 10.00% 15.10% $1,151.00
• $1,151.00 — $1,302.00 110.00 10.00% 15.10% $1,151.00 105.00 5.00% 7.55% $1,075.50

Filing Documents

• form424b2.htm (424B2) — 160KB
• exfilingfees.htm (EX-FILING FEES) — 5KB
• image_001.jpg (GRAPHIC) — 21KB
• image_002.jpg (GRAPHIC) — 5KB
• image_005.jpg (GRAPHIC) — 136KB
• image_006.jpg (GRAPHIC) — 152KB
• image_003.gif (GRAPHIC) — 3KB
• image_004.gif (GRAPHIC) — 3KB
• 0001918704-26-007914.txt ( ) — 694KB
• 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 $4,736,000 Auto Callable Accelerated Barrier Notes Linked to the Lesser Performing of the Nasdaq-100 Index and the S&P 500 Index due February 25, 2031 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 Nasdaq-100 Index and the S&P 500 Index, which we refer to as the Indices, is at or above its Call Value. The Call Value for each Index is greater than its Initial 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 1.51 times any appreciation of the lesser 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: 46660MNJ0 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 $10 $990 Total $4,736,000 $47,360 $4,688,640 (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 $10.00 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 $975.80 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 Nasdaq-100 Index (Bloomberg ticker: NDX) and the S&P 500 Index (Bloomberg ticker: SPX) (each an "Index" and collectively, the "Indices") Call Premium Amount: $200.00 per $1,000 principal amount note Call Value: With respect to each Index, 115.00% of its Initial Value Upside Leverage Factor: 1.51 Barrier Amount: With respect to each Index, 80.00% of its Initial Value, which is 19,118.52 for the Nasdaq-100 Index and 5,205.184 for the S&P 500 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*: February 20, 2031 Maturity Date*: February 25, 2031 * Subject to postponement in the event of a market disruption event and as described under "General Terms of Notes — Postponement of a Determination Date — Notes Linked to Multiple Underlyings" and "General Ter

View Full Filing

View this 424B2 filing on SEC EDGAR