JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM's finance arm just filed a prospectus, likely gearing up to issue new securities.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026, related to its existing shelf registration statement (File No. 333-270004-01). This filing indicates that the company is offering or intends to offer securities, likely debt or equity, under its previously approved registration. 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 capacity.

Why It Matters

This filing signals that JPMorgan Chase Financial Co. LLC is preparing to issue new securities, which could affect the supply and demand dynamics for its existing financial instruments and potentially dilute current shareholders if equity is issued.

Risk Assessment

Risk Level: medium — The filing itself is routine, but the underlying offering could introduce market risk depending on the type and terms of the securities issued.

Analyst Insight

Investors should monitor subsequent filings or announcements from JPMorgan Chase Financial Co. LLC to understand the specific terms (e.g., type of security, amount, interest rate/dividend) of the offering indicated by this prospectus, as these details will determine the actual impact on the company and its stock.

Key Numbers

• 2026-03-24 — Filing Date (Date the 424B2 prospectus was filed)
• 333-270004-01 — File No. (The specific file number for JPMorgan Chase Financial Co. LLC's shelf registration statement under which this prospectus is filed.)

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|company|dollar_amount) — CIK of JPMorgan Chase Financial Co. LLC
• 0000019617 (person|company|dollar_amount) — CIK of JPMorgan Chase & Co.
• 333-270004-01 (person|company|dollar_amount) — File number for JPMorgan Chase Financial Co. LLC's shelf registration
• 2026-03-24 (person|company|dollar_amount) — Filing date of the 424B2 prospectus

FAQ

Key Financial Figures

• $314,000 — l Company LLC Structured Investments $314,000 Auto Callable Accelerated Barrier Not
• $1,000 — ribed below. Minimum denominations of $1,000 and integral multiples thereof The no
• $29.50 — roceeds to Issuer Per note $1,000 $29.50 $970.50 Total $314,000 $9,263
• $970.50 — o Issuer Per note $1,000 $29.50 $970.50 Total $314,000 $9,263 $304,737
• $9,263 — $29.50 $970.50 Total $314,000 $9,263 $304,737 (1) See "Supplemental Use
• $304,737 — $970.50 Total $314,000 $9,263 $304,737 (1) See "Supplemental Use of Proceeds
• $938.50 — en the terms of the notes were set, was $938.50 per $1,000 principal amount note. See "
• $161.50 — ew Date Call Premium Amount First $161.50 Second $323.00 Payment at Maturit
• $323.00 — ium Amount First $161.50 Second $323.00 Payment at Maturity If the Notes Have
• $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) — 172KB
• 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
• 0001918704-26-007917.txt ( ) — 937KB
• 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 $314,000 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 any Review Date (other than the final 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 earliest date on which an automatic call may be initiated is March 24, 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: 46660R5J9 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 $29.50 $970.50 Total $314,000 $9,263 $304,737 (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 $29.50 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 $938.50 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: The Call Premium Amount with respect to each Review Date is set forth below: first Review Date: 16.15% $1,000 second Review Date: 32.30% $1,000 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 Dates*: March 24, 2027, March 20, 2028 and March 20, 2029 (final

View Full Filing

View this 424B2 filing on SEC EDGAR