JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

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

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 the company is offering new securities, likely debt, under its previously approved program. 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 JPMorgan Chase Financial Co. LLC is actively raising capital, which could affect the financial structure and future investment capacity of its parent, JPMorgan Chase & Co.

Risk Assessment

Risk Level: low — This is a routine prospectus filing for an existing shelf registration, indicating a standard capital-raising activity with minimal immediate risk.

Analyst Insight

Investors should monitor subsequent filings for specific terms of the securities offered, such as interest rates and maturity dates, to assess the potential impact on JPMorgan Chase & Co.'s financial health and debt obligations.

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)
• 333-270004-01 — File No. for JPMorgan Chase Financial Co. LLC (Identifies the specific registration statement this prospectus supplements)

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 issue new debt securities. (JPMorgan Chase Financial Co. LLC) — high confidence, target: Within 6 months of filing date
• The capital raised will be used for general corporate purposes. (JPMorgan Chase Financial Co. LLC) — medium confidence, target: Ongoing

FAQ

Key Financial Figures

• $1,000 — f the notes. Minimum denominations of $1,000 and integral multiples thereof The no
• $9.00 — t will these selling commissions exceed $9.00 per $1,000 principal amount note. See "
• $934.30 — lue of the notes would be approximately $934.30 per $1,000 principal amount note. The e
• $900.00 — ng supplement and will not be less than $900.00 per $1,000 principal amount note. See "
• $15.2083 — gent Interest Payment equal to at least $15.2083 (equivalent to a Contingent Interest Ra
• $1,095.0000 — tal Contingent Interest Payments 72 $1,095.0000 71 $1,079.7917 70 $1,064.5833
• $1,079.7917 — rest Payments 72 $1,095.0000 71 $1,079.7917 70 $1,064.5833 69 $1,049.3750
• $1,064.5833 — $1,095.0000 71 $1,079.7917 70 $1,064.5833 69 $1,049.3750 68 $1,034.1667
• $1,049.3750 — $1,079.7917 70 $1,064.5833 69 $1,049.3750 68 $1,034.1667 67 $1,018.9583
• $1,034.1667 — $1,064.5833 69 $1,049.3750 68 $1,034.1667 67 $1,018.9583 66 $1,003.7500
• $1,018.9583 — $1,049.3750 68 $1,034.1667 67 $1,018.9583 66 $1,003.7500 65 $988.5417 6
• $1,003.7500 — $1,034.1667 67 $1,018.9583 66 $1,003.7500 65 $988.5417 64 $973.3333 63
• $988.5417 — $1,018.9583 66 $1,003.7500 65 $988.5417 64 $973.3333 63 $958.1250 62
• $973.3333 — 6 $1,003.7500 65 $988.5417 64 $973.3333 63 $958.1250 62 $942.9167 61
• $958.1250 — 65 $988.5417 64 $973.3333 63 $958.1250 62 $942.9167 61 $927.7083 60

Filing Documents

• form424b2.htm (424B2) — 274KB
• image_001.jpg (GRAPHIC) — 21KB
• image_002.jpg (GRAPHIC) — 5KB
• image_006.jpg (GRAPHIC) — 177KB
• image_003.gif (GRAPHIC) — 5KB
• image_004.gif (GRAPHIC) — 5KB
• image_005.gif (GRAPHIC) — 5KB
• 0001918704-26-007967.txt ( ) — 576KB

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 Auto Callable Contingent Interest Notes Linked to the MerQube US Large-Cap Vol Advantage Index due April 1, 2032 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek a Contingent Interest Payment with respect to each monthly Interest Review Date for which the closing level of the MerQube US Large-Cap Vol Advantage Index, which we refer to as the Index, is greater than or equal to 70.00% of the Initial Value, which we refer to as the Interest Barrier. The notes will be automatically called if the closing level of the Index on any quarterly Autocall Review Date is greater than or equal to the Initial Value. The earliest date on which an automatic call may be initiated is September 28, 2026. 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 Interest Review Dates. Investors should also be willing to forgo fixed interest and dividend payments, in exchange for the opportunity to receive Contingent Interest Payments. The Index is subject to a 6.0% per annum daily deduction. This daily deduction will offset any appreciation of the futures contracts included in the Index, will heighten any depreciation of those futures contracts and will generally be a drag on the performance of the Index. The Index will trail the performance of an identical index without a deduction. See "Selected Risk Considerations — Risks Relating to the Notes Generally — The Level of the Index Will Include a 6.0% per Annum Daily Deduction" in this pricing supplement. 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 $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: 46660RJ88 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, "Risk Factors" beginning on page US-4 of the accompanying underlying supplement and "Selected Risk Considerations" beginning on page PS-9 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 $9.00 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 $934.30 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 $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 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. 5-III dated March 5, 2025, the prospectus and prospectus supplement, each dated April 13, 2023, and the prospectus addendum dated June 3, 2024 Ke

View Full Filing

View this 424B2 filing on SEC EDGAR