JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM Financial just filed a 424B2, likely issuing new securities to raise capital.**

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 new securities, likely debt or equity, under a previously approved plan. For investors, this means JPMorgan Chase Financial Co. LLC is raising capital, which could be used for general corporate purposes, potentially impacting future earnings or debt levels of the parent company, JPMorgan Chase & Co.

Why It Matters

This filing signals that JPMorgan Chase Financial Co. LLC is actively raising capital, which could influence the financial structure and future strategic moves of its parent, JPMorgan Chase & Co.

Risk Assessment

Risk Level: low — A 424B2 filing is a standard prospectus supplement for offering securities under an existing shelf registration, indicating routine capital-raising activity with minimal immediate risk.

Analyst Insight

Investors should monitor subsequent filings (e.g., pricing supplements) to understand the specific terms, amount, and type of securities being offered by JPMorgan Chase Financial Co. LLC, as this will clarify the impact on JPMorgan Chase & Co.'s financial position.

Key Numbers

• 0001665650 — CIK of JPMorgan Chase Financial Co. LLC (identifies the specific entity making the filing)
• 0000019617 — CIK of JPMorgan Chase & Co. (identifies the parent company)
• 333-270004-01 — File No. for JPMorgan Chase Financial Co. LLC (identifies the specific shelf registration statement this prospectus supplements)
• 2026-03-24 — Filing Date (indicates when the document was submitted to the SEC)

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

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will successfully raise capital through this offering. (JPMorgan Chase Financial Co. LLC) — high 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 Key Terms Issuer:
• $404 — re Strike Price Share Strike Price: $404.04, which was the closing price of one
• $15.00 — t will these selling commissions exceed $15.00 per $1,000 principal amount note. See "
• $971.00 — lue of the notes would be approximately $971.00 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 "
• $1,171.80 — payment on the Call Settlement Date of $1,171.80 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
• $444.445 — estor receives a payment at maturity of $444.445 per $1,000 principal amount note, calcu

Filing Documents

• jpm100_424b2-10647.htm (424B2) — 211KB
• image1.jpg (GRAPHIC) — 4KB
• image3.gif (GRAPHIC) — 6KB
• 0001839882-26-016662.txt ( ) — 227KB

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 SPDR Gold Trust due March 28, 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 SPDR Gold Trust at maturity. Investors should be willing to forgo interest and dividend payments and, if the notes are not automatically called and the Final Share Price is less than the Share Strike Price by more than 10.00%, be willing to lose some or all of their principal amount at maturity. The notes will be automatically called if the closing price of one share of the Fund is greater than or equal to the Share Strike Price 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 Key Terms Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Fund: The SPDR Gold Trust (Bloomberg ticker: GLD UP) Automatic Call: On the Review Date, if the closing price of one share of the Fund is greater than or equal to the Share Strike Price, 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 17.18%. The actual call premium will be provided in the pricing supplement and will not be less than 17.18%. Payment at Maturity: If the notes have not been automatically called and the Final Share Price is greater than the Share Strike Price, at maturity you will receive a cash payment that provides you with a return per $1,000 principal amount note equal to the Fund 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 Fund Return Upside Leverage Factor) If the notes have not been automatically called and the Final Share Price is equal to the Share Strike Price or is less than the Share Strike Price by up to 10.00%, you will receive the principal amount of your notes at maturity. If the notes have not been automatically called and the Final Share Price is less than the Share Strike Price by more than 10.00%, you will lose 1.11111% of the principal amount of your notes for every 1% that the Final Share Price is less than the Share Strike Price by more than 10.00%. Under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + [$1,000 (Fund Return + 10.00%) 1.11111] If the notes have not been automatically called, you will lose some or all of your principal amount at maturity if the Final Share Price is less than the Share Strike Price by more than 10.00%. 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 1.25. Buffer Amount: 10.00% Downside Leverage Factor: 1.11111 Fund Return: ( Final Share Price – Share Strike Price ) Share Strike Price Share Strike Price: $404.04, which was the closing price of one share of the Fund on the Strike Date. The Share Strike Price is not determined by reference to the closing price of one share of the Fund on the Pricing Date. Final Share Price: The closing price of one share of the Fund on the Valuation Date Strike Date: March 23, 2026 Pricing Date: On or about March 24, 2026 Original Issue Date: On or about March 27, 2026 (Settlement Date) Review Date*: April 5, 2027 Call Settlement Date*: April 8, 2027 Valuation Date*: March 23, 2028 Maturity Date*: March 28, 2028 CU

View Full Filing

View this 424B2 filing on SEC EDGAR