JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM's finance arm just filed to issue new securities, likely debt.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026, for an offering under their existing shelf registration (File No. 333-270004-01). This filing indicates that JPMorgan Chase Financial Co. LLC is preparing to issue new securities, likely debt, to raise capital. For investors, this means the company is actively managing its capital structure, which could impact future earnings or dividend policies depending on how the raised capital is deployed.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC's intent to issue new securities, which could dilute existing shareholders or increase the company's debt obligations, impacting its financial health.

Risk Assessment

Risk Level: medium — The filing itself is procedural, but the subsequent offering could introduce new debt or equity, potentially altering the company's risk profile.

Analyst Insight

Investors should monitor subsequent filings from JPMorgan Chase Financial Co. LLC for details on the specific terms (e.g., interest rates, maturity dates, use of proceeds) of the securities being offered, as these will determine the impact on the company's financial health and potential returns.

Key Numbers

• 333-270004-01 — File Number (Identifies the specific registration statement under which the securities will be offered.)
• 2026-03-24 — Filing Date (The date the prospectus was filed with the SEC, indicating the timing of the potential offering.)

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 the offering
• 2026-03-24 (dollar_amount) — Filing date

FAQ

Key Financial Figures

• $1,000 — ribed below. Minimum denominations of $1,000 and integral multiples thereof The no
• $979.10 — lue of the notes would be approximately $979.10 per $1,000 principal amount note. The
• $900.00 — supplement and will not be l ess than $900.00 per $1,000 principal amount note. See "
• $1,800.00 — t Maturity 180.00 80.00% 80.00% $1,800.00 165.00 65.00% 65.00% $1,650.00
• $1,650.00 — $1,800.00 165.00 65.00% 65.00% $1,650.00 150.00 50.00% 50.00% $1,500.00
• $1,500.00 — $1,650.00 150.00 50.00% 50.00% $1,500.00 143.10 43.10% 43.10% $1,431.00
• $1,431.00 — $1,500.00 143.10 43.10% 43.10% $1,431.00 140.00 40.00% 43.10% $1,431.00
• $1,000.00 — $1,431.00 95.00 -5.00% 0.00% $1,000.00 90.00 -10.00% 0.00% $1,000.00
• $799.90 — $1,000.00 79.99 -20.01% -20.01% $799.90 70.00 -30.00% -30.00% $700.00
• $700.00 — $799.90 70.00 -30.00% -30.00% $700.00 60.00 -40.00% -40.00% $600.00
• $600.00 — $700.00 60.00 -40.00% -40.00% $600.00 50.00 -50.00% -50.00% $500.00
• $500.00 — $600.00 50.00 -50.00% -50.00% $500.00 40.00 -60.00% -60.00% $400.00
• $400.00 — $500.00 40.00 -60.00% -60.00% $400.00 30.00 -70.00% -70.00% $300.00
• $300.00 — $400.00 30.00 -70.00% -70.00% $300.00 20.00 -80.00% -80.00% $200.00
• $200.00 — $300.00 20.00 -80.00% -80.00% $200.00 10.00 -90.00% -90.00% $100.00

Filing Documents

• ea0283112-01_424b2.htm (424B2) — 610KB
• bg1.jpg (GRAPHIC) — 273KB
• bg2.jpg (GRAPHIC) — 266KB
• bg3.jpg (GRAPHIC) — 437KB
• bg4.jpg (GRAPHIC) — 270KB
• bg5.jpg (GRAPHIC) — 36KB
• bg6.jpg (GRAPHIC) — 369KB
• bg7.jpg (GRAPHIC) — 414KB
• bg8.jpg (GRAPHIC) — 283KB
• bg9.jpg (GRAPHIC) — 263KB
• 0001213900-26-033272.txt ( ) — 1884KB

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. April , 2026 Registration Statement Nos. 333-270004 and 333- 270004 -01; Rule 424(b)(2) 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 JPMorgan Chase Financial Company LLC Structured Investments Uncapped Digital Barrier Notes Linked to the Lesser Performing of the Russell 2000 Index and the S&P 500 Index due April 11, 2029 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek uncapped, unleveraged exposure to any appreciation of the lesser performing of the Russell 2000 Index and the S&P 500 Index, which we refer to as the Indices, at maturity, subject to a contingent minimum return of at least 43.10%, which we refer to as the Contingent Digital Return. Investors should be willing to forgo interest and dividend payments and be willing to lose 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 are expected to price on or about April 6, 2026 and are expected to settle on or about April 9, 2026. CUSIP: 46660RGG3 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 suppl ement and "Selected Risk Considerations" beginning on page PS -3 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 — $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) All sales of the notes will be made to certain fee-based advisory accounts for which an affiliated or unaffiliated broker-dealer is an investment adviser. These broker- dealers will forgo any commissions related to these sales. 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 $979.10 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 l ess 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 agenc y and are not obligations of, or guaranteed by, a bank. PS -1| Structured Investments Uncapped Digital Barrier Notes Linked to the Lesser Performing of the Russell 2000 Index and the S&P 500 Index Key Terms Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Indices: The Russell 2000 Index (Bloomberg ticker: RTY) and the S&P 500 Index (Bloomberg ticker: SPX) (each an "Index" and collectively, the "Indices") Contingent Digital Return: At least 43.10% (to be provided in the pricing supplement) Barrier Amount: With respect to each Index, 80.00% of its Initial Value Pricing Date: On or about April 6, 2026 Original Issue Date (Settlement Date): On or about April 9, 2026 Observation Date*: April 6, 2029 Maturity Date*: April 11, 2029 * Subject to postponement in the event of a market disruption event and as described u

View Full Filing

View this 424B2 filing on SEC EDGAR