JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM Chase Financial Co. is issuing new securities, likely debt, to raise capital.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026, under File No. 333-270004-01. This filing indicates that JPMorgan Chase Financial Co. LLC is offering securities, likely debt, under an existing shelf registration. For investors, this means the company is raising capital, which could be used for general corporate purposes, potentially impacting future earnings or expansion plans, and could affect the supply and demand dynamics of its outstanding securities.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC is raising capital, which could influence its financial health and future strategic initiatives.

Risk Assessment

Risk Level: low — This is a standard prospectus filing for a large, well-established financial institution, indicating a routine capital-raising activity.

Analyst Insight

Investors should monitor subsequent filings or news from JPMorgan Chase Financial Co. LLC to understand the specific terms of the securities offered and the intended use of proceeds, as this could impact the company's financial leverage and future growth prospects.

Key Numbers

• 2026-03-24 — Filing Date (Date the 424B2 prospectus was filed by JPMorgan Chase Financial Co. LLC)
• 333-270004-01 — File No. (Registration statement under which JPMorgan Chase Financial Co. LLC is offering securities)
• 0001665650 — CIK (Central Index Key for JPMorgan Chase Financial Co. LLC)
• 424B2 — Form Type (Type of prospectus filed, indicating an offering of 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

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will use the capital raised for general corporate purposes. (JPMorgan Chase Financial Co. LLC) — medium confidence, target: 2026-12-31

FAQ

Key Financial Figures

• $10,000 — f the notes. Minimum denominations of $10,000 and integral multiples of $1,000 in exc
• $1,000 — ns of $10,000 and integral multiples of $1,000 in excess thereof JPMorgan Chase & Co
• $15.00 — t will these selling commissions exceed $15.00 per $1,000 principal amount note. See "
• $972.50 — lue of the notes would be approximately $972.50 per $1,000 principal amount note. The e
• $960.00 — ng supplement and will not be less than $960.00 per $1,000 principal amount note. See "
• $1,170.50 — payment on the Call Settlement Date of $1,170.50 per $1,000 principal amount note, calcu
• $1,062.50 — estor receives a payment at maturity of $1,062.50 per $1,000.00 principal amount note, ca
• $1,000.00 — a payment at maturity of $1,062.50 per $1,000.00 principal amount note, calculated as fo
• $470.5885 — estor receives a payment at maturity of $470.5885 per $1,000 principal amount note, calcu

Filing Documents

• jpm105_424b2-10763.htm (424B2) — 235KB
• image2.gif (GRAPHIC) — 96KB
• image1.jpg (GRAPHIC) — 4KB
• image3.gif (GRAPHIC) — 8KB
• 0001839882-26-016661.txt ( ) — 385KB

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. Pricing supplement To prospectus dated April 13, 2023, prospectus supplement dated April 13, 2023, product supplement no. 4-I dated April 13, 2023, underlying supplement no. 1-I dated April 13, 2023 and prospectus addendum dated June 3, 2024 Registration Statement Nos. 333-270004 and 333-270004-01 Dated March , 2026 Rule 424(b)(2) JPMorgan Chase Financial Company LLC Structured Investments $ Auto Callable Buffered Return Enhanced Notes Linked to the MSCI Emerging Markets Index due March 30, 2028 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. General If the notes are not automatically called, investors will receive uncapped, leveraged exposure of at least 1.25 times any appreciation of the MSCI Emerging Markets Index at maturity. Investors should be willing to forgo interest and dividend payments and, if the notes are not automatically called and the Ending Index Level is less than the Initial Index Level by more than 15.00%, be willing to lose some or all of their principal amount at maturity. The notes will be automatically called if the closing level of the Index is greater than or equal to the Initial Index Level on the Review Date. 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. Minimum denominations of $10,000 and integral multiples of $1,000 in excess thereof JPMorgan Chase & Co., our parent company, and/or its affiliates have previously agreed to make unconditional and irrevocable donations to Blue Star Families, Inc. ("Blue Star"), a nonprofit organization, to support military families by connecting them with their neighbors — individuals and organizations — to create communities of support. These donations are not contingent on the sale of the notes and will not impact the final terms of the notes. We or our affiliates expect to realize profits for assuming risks inherent in hedging our obligations under the notes. Some of these projected profits, if any, may be used to offset a portion of the donations. See "Supplemental Donation Information" in this pricing supplement. Key Terms Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Index: The MSCI Emerging Markets Index (Bloomberg ticker: MXEF) Automatic Call: On the Review Date, if the closing level of the Index is greater than or equal to the Initial Index Level, the notes will be automatically called for a cash payment plus a call premium amount per note that will be payable on the Call Settlement Date. Payment if Called: If the notes are automatically called, you will receive one payment of $1,000 plus a call premium amount equal to at least 17.05%. The actual call premium will be provided in the pricing supplement and will not be less than 17.05%. Payment at Maturity: If the notes have not been automatically called and the Ending Index Level is greater than the Initial Index Level, at maturity you will receive a cash payment that provides you with a return per $1,000 principal amount note equal to the Index Return multiplied by the Upside Leverage Factor. Accordingly, under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + ($1,000 Index Return Upside Leverage Factor) If the notes have not been automatically called and the Ending Index Level is equal to the Initial Index Level or is less than the Initial Index Level by up to 15.00%, you will receive the principal amount of your notes at maturity. If the notes have not been automatically called and the Ending Index Level is less than the Initial Index Level by more than 15.00%, you will lose 1.17647% of the principal amount of your notes for every 1% that the Ending Index Level is less than the Initial Index Level by more than 15.00%. Under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + [$1,000 (Index Return + 15.00%) 1.17647] If the notes have not been automatically called, you will lose some or all of your principal amount at maturity if the Ending Index Level is less than the Initial Index Level by more than 15.00%. Upside Leverage Factor: At least 1.25. The actual Upside Leverage Factor will be provided in the pricing supplement and will not be less than

View Full Filing

View this 424B2 filing on SEC EDGAR