JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM's finance arm just filed a prospectus, likely for new debt issuance.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026, related to an offering under their existing shelf registration statement (File No. 333-270004-01). This filing indicates that JPMorgan Chase Financial Co. LLC is offering 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 is raising capital, which could be used for growth, refinancing debt, or other corporate purposes, potentially affecting the parent company's financial health.

Risk Assessment

Risk Level: low — This is a routine filing for a large financial institution, indicating a standard capital-raising activity rather than an unusual or high-risk event.

Analyst Insight

An investor should monitor subsequent filings or news from JPMorgan Chase Financial Co. LLC for details on the specific terms of the securities being offered, such as interest rates or maturity dates, to assess the potential impact on the parent company's financials.

Key Numbers

• 0001665650 — CIK of JPMorgan Chase Financial Co. LLC (Unique identifier for the filing entity)
• 0000019617 — CIK of JPMORGAN CHASE & CO (Unique identifier for the parent company)
• 2026-03-24 — Filing Date (Date the 424B2 was filed with the SEC)
• 333-270004-01 — File No. for JPMorgan Chase Financial Co. LLC (Registration statement under which the offering is made)

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 and acceptance 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 issue new debt securities. (JPMorgan Chase Financial Co. LLC) — high confidence, target: 2026-03-31

FAQ

Key Financial Figures

• $1,000 — ribed below. Minimum denominations of $1,000 and integral multiples thereof The no
• $6.00 — t will these selling commissions exceed $6.00 per $1,000 principal amount note. See "
• $980.00 — lue of the notes would be approximately $980.00 per $1,000 principal amount note. The e
• $950.00 — ng supplement and will not be less than $950.00 per $1,000 principal amount note. See "
• $100.00 — Value for the Lesser Performing Fund of $100.00; an Upside Leverage Factor of 1.35; a
• $70.00 — mount for the Lesser Performing Fund of $70.00 (equal to 70.00% of its hypothetical In
• $165.00 — rn on the Notes Payment at Maturity $165.00 65.00% 87.75% $1,877.50 $150.00
• $1,877.50 — Maturity $165.00 65.00% 87.75% $1,877.50 $150.00 50.00% 67.50% $1,675.00
• $150.00 — $165.00 65.00% 87.75% $1,877.50 $150.00 50.00% 67.50% $1,675.00 $140.00
• $1,675.00 — $1,877.50 $150.00 50.00% 67.50% $1,675.00 $140.00 40.00% 54.00% $1,540.00
• $140.00 — $150.00 50.00% 67.50% $1,675.00 $140.00 40.00% 54.00% $1,540.00 $130.00
• $1,540.00 — $1,675.00 $140.00 40.00% 54.00% $1,540.00 $130.00 30.00% 40.50% $1,405.00
• $130.00 — $140.00 40.00% 54.00% $1,540.00 $130.00 30.00% 40.50% $1,405.00 $120.00
• $1,405.00 — $1,540.00 $130.00 30.00% 40.50% $1,405.00 $120.00 20.00% 27.00% $1,270.00
• $120.00 — $130.00 30.00% 40.50% $1,405.00 $120.00 20.00% 27.00% $1,270.00 $110.00

Filing Documents

• jpm2529_424b2-10796.htm (424B2) — 202KB
• image1.gif (GRAPHIC) — 2KB
• image2.gif (GRAPHIC) — 1KB
• image3.gif (GRAPHIC) — 17KB
• image4.gif (GRAPHIC) — 14KB
• image5.gif (GRAPHIC) — 16KB
• 0001839882-26-016681.txt ( ) — 274KB

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. March , 2026 Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(2) JPMorgan Chase Financial Company LLC Structured Investments Uncapped Accelerated Barrier Notes Linked to the Lesser Performing of the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust SM , Series 1 due April 1, 2030 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek an uncapped return of at least 1.35 times any appreciation of the lesser performing of the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust SM , Series 1, which we refer to as the Funds, at maturity. Investors should be willing to forgo interest and dividend payments and be willing to lose a significant portion 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 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 are expected to price on or about March 27, 2026 and are expected to settle on or about April 1, 2026. CUSIP: 46660RHR8 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-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 $ $ 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) J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to other affiliated or unaffiliated dealers. In no event will these selling commissions exceed $6.00 per $1,000 principal amount note. 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 $980.00 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 less than $950.00 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 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. Funds: The SPDR S&P 500 ETF Trust (Bloomberg ticker: SPY) and the Invesco QQQ Trust SM , Series 1 (Bloomberg ticker: QQQ) Upside Leverage Factor: At least 1.35 (to be provided in the pricing supplement) Barrier Amount: With respect to each Fund, 70.00% of its Initial Value Pricing Date: On or about March 27, 2026 Original Issue Date (Settlement Date): On or about April 1, 2026 Observation Date*: March 27, 2030 Maturity Date*: April 1, 2030 * Subject to postponement in the event of a market disruption event and as described under "General Terms of Notes — Postponement of a Determination Date — Notes Linked to Multiple Underlyings" and "General Terms of Notes — Postponement of a Payment Date" in the accompanying product supplement Payment at Maturity: If th

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View this 424B2 filing on SEC EDGAR