JPMorgan Chase Financial Co. LLC Files 424B2 for New Securities Offering

TL;DR

**JPM's finance arm is issuing new securities, likely to fund operations or growth.**

AI Summary

This 424B2 filing from JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., is a prospectus supplement filed on March 24, 2026. It details the terms of a new securities offering under their existing shelf registration (File No. 333-270004-01). This matters to investors because it indicates JPMorgan Chase Financial Co. LLC is raising capital, which could be used for various corporate purposes, potentially impacting future earnings or debt levels of the parent company, JPMorgan Chase & Co.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC is issuing new securities to raise capital, which could affect the financial structure and future growth prospects of its parent, JPMorgan Chase & Co.

Risk Assessment

Risk Level: low — This is a standard prospectus supplement for a securities offering, which is a routine financial activity for large banks and does not inherently indicate high risk.

Analyst Insight

An investor should monitor subsequent filings (like 8-K or further 424B2s) to understand the specific terms (e.g., type of security, interest rate, maturity) of the offering by JPMorgan Chase Financial Co. LLC and assess its potential impact on JPMorgan Chase & Co.'s financial health and future obligations.

Key Numbers

• 0001213900-26-033307 — SEC Accession No. (Unique identifier for this specific filing)
• 1081482 — Size of PRICING SUPPLEMENT document (Indicates the detailed nature of the offering terms)

Key Players & Entities

• JPMorgan Chase Financial Co. LLC (company) — Filer of the 424B2 prospectus supplement
• JPMorgan Chase & Co. (company) — Parent company of the filer, CIK 0000019617
• March 24, 2026 (date) — Filing and acceptance date of the 424B2
• 333-270004-01 (string) — File number for JPMorgan Chase Financial Co. LLC's registration statement
• 333-270004 (string) — File number for JPMorgan Chase & Co.'s registration statement

FAQ

Key Financial Figures

• $1,000 — ribed below. Minimum denominations of $1,000 and integral multiples thereof The no
• $41.25 — roceeds to Issuer Per note $1,000 $41.25 $958.75 Total $1,250,000 $51,56
• $958.75 — o Issuer Per note $1,000 $41.25 $958.75 Total $1,250,000 $51,562.50 $1,
• $1,250,000 — e $1,000 $41.25 $958.75 Total $1,250,000 $51,562.50 $1,198,437.50 (1) See
• $51,562.50 — $41.25 $958.75 Total $1,250,000 $51,562.50 $1,198,437.50 (1) See " Supplementa
• $1,198,437.50 — .75 Total $1,250,000 $51,562.50 $1,198,437.50 (1) See " Supplemental Use of Proceed
• $912.60 — en the terms of the notes were set, was $912.60 per $1,000 principal amount note. See
• $8.3333 — Contingent Interest Payment equal to $8.3333 (equivalent to a Contingent Interest
• $289.366 — .00% of its Initial Value , which is $289.366 for the SPDR Gold Trust and $43.064 f
• $43.064 — $289.366 for the SPDR Gold Trust and $43.064 for the iShares Silver Trust Trigger
• $248.028 — 0 .00% of its Initial Value, which is $248.028 for the SPDR Gold Trust and $36.912 f
• $36.912 — $248.028 for the SPDR Gold Trust and $36.912 for the iShares Silver Trust Call Val
• $413.38 — hat Fund on the Pricing Date, which was $413.38 for the SPDR Gold Trust and $61.52 fo
• $61.52 — s $413.38 for the SPDR Gold Trust and $61.52 for the iShares Silver Trust Final
• $500.0000 — l Contingent Interest Payments 60 $500.0000 59 $491.6667 58 $483.3333 57

Filing Documents

• ea0283086-01_424b2.htm (424B2) — 1056KB
• ea028308601_ex-filingfees.htm (EX-FILING FEES) — 4KB
• bg1.jpg (GRAPHIC) — 272KB
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• bgc.jpg (GRAPHIC) — 443KB
• bgd.jpg (GRAPHIC) — 485KB
• bge.jpg (GRAPHIC) — 153KB
• bgf.jpg (GRAPHIC) — 267KB
• 0001213900-26-033307.txt ( ) — 3507KB
• ea028308601_ex-filingfees_htm.xml (XML) — 2KB

From the Filing

SUPPLEMENT March 20 , 202 6 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 $ 1,250,000 Auto Callable Contingent Interest Notes Linked to the Lesser Performing of the SPDR Gold Trust and the iShares Silver Trust due March 25, 2031 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek a Contingent Interest Payment with respect to each Review Date for which the closing price of one share of each of the SPDR Gold Trust and the iShares Silver Trust, which we refer to as the Funds, is greater than or equal to 70 .00% of its Initial Value, which we refer to as an Interest Barrier . The notes will be automatically called if the closing price of one share of each Fund on any Review Date (other than the first through eleventh and final Review Dates) is greater than or equal to its Call Value. The earliest date on which an automatic call may be initiated is March 22, 2027. 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 Review Dates. Investors should also be willing to forgo fixed interest 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. Payments on the notes are not linked to a basket composed of the Funds. Payments on the notes are linked to the performance of each of the Funds 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: 46660MSK2 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-6 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 $41.25 $958.75 Total $1,250,000 $51,562.50 $1,198,437.50 (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 $41.25 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 $912.60 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. PS-1 | Structured Investments Auto Callable Contingent Interest Notes Linked to the Lesser Performing of the SPDR Gold Trust and the iShares Silver Trust Key Terms Issuer: JPMorgan Chase Financial Company LLC , a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Funds : The SPDR Gold Trust (Bloomberg ticker: GLD) and the iShares Silver Trust (Bloomberg ticker: SLV) Contingent Interest Payments: If the notes have not been automatically called and the closing price of one share of each Fund on any Review Date is greater than or equal to its Interest Barrier, you will receive on the applicable Interest Payment Date for each $1,000 principal amount note a Contingent Interest Payment equal to $8.3333 (equival

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