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

TL;DR

**JPM Financial is issuing new securities; watch for pricing details!**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026, related to a previously filed registration statement (333-270004-01). This filing is a preliminary pricing supplement, indicating the company is offering new securities. For investors, this means JPMorgan Chase Financial Co. LLC is likely raising capital, which could impact its financial structure and future earnings, making it important to understand the terms of these new securities.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC is issuing new securities, which could dilute existing shareholder value or alter the company's debt-to-equity ratio, impacting its financial health.

Risk Assessment

Risk Level: medium — The filing itself is administrative, but the underlying offering of new securities carries inherent market and financial risks for investors.

Analyst Insight

Investors should review the full 'PRELIMINARY PRICING SUPPLEMENT' document (ea0283226-01_424b2.htm) to understand the specific terms, interest rates, maturity dates, and other details of the new securities being offered by JPMorgan Chase Financial Co. LLC, as these will impact the company's financial obligations and potential returns.

Key Numbers

• 333-270004-01 — File No. for JPMorgan Chase Financial Co. LLC (Identifies the specific registration statement this 424B2 supplements.)
• 333-270004 — File No. for JPMORGAN CHASE & CO (Identifies the specific registration statement for the parent company.)
• 0001213900-26-033417 — SEC Accession No. (Unique identifier for this specific filing.)
• 728921 — Size of PRELIMINARY PRICING SUPPLEMENT document (Indicates the length of the primary document detailing the securities offering.)

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|company|dollar_amount) — CIK of JPMorgan Chase Financial Co. LLC
• 0000019617 (person|company|dollar_amount) — CIK of JPMORGAN CHASE & CO
• 2026-03-24 (person|company|dollar_amount) — Filing Date

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will successfully issue the new securities detailed in the preliminary pricing supplement. (JPMorgan Chase Financial Co. LLC) — high confidence, target: 2026-03-31

FAQ

Key Financial Figures

• $1,000 — f the notes. 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
• $970.00 — lue of the notes would be approximately $970.00 per $1,000 principal amount note. The
• $950.00 — supplement and will not be less than $950.00 pe r $1,000 principal amount note. See
• $0.01 — mmon stock of Vistra Corp., par value $0.01 per share (Bloomberg ticker: VST ). We
• $11.9583 — an Interest Payment equal to at least $11.9583 (equivalent to an Interest Rate of at l
• $83.2095 — e: 55.00% of the Strike Value, which is $83.2095 Strike Date: March 23 , 2026 Pricin
• $151.29 — e Stock on the Strike Date, which was $151.29. The Strike Value is not the closing
• $287.0000 — yments Total Interest Payments 24 $287.0000 23 $275.0417 22 $263.0833 21
• $275.0417 — terest Payments 24 $287.0000 23 $275.0417 22 $263.0833 21 $251.1250 20
• $263.0833 — 24 $287.0000 23 $275.0417 22 $263.0833 21 $251.1250 20 $239.1667 19
• $251.1250 — 23 $275.0417 22 $263.0833 21 $251.1250 20 $239.1667 19 $227.2083 18
• $239.1667 — 22 $263.0833 21 $251.1250 20 $239.1667 19 $227.2083 18 $215.2500 17
• $227.2083 — 21 $251.1250 20 $239.1667 19 $227.2083 18 $215.2500 17 $203.2917 16
• $215.2500 — 20 $239.1667 19 $227.2083 18 $215.2500 17 $203.2917 16 $191.3333 15

Filing Documents

• ea0283226-01_424b2.htm (424B2) — 712KB
• bg1.jpg (GRAPHIC) — 237KB
• bg2.jpg (GRAPHIC) — 258KB
• bg3.jpg (GRAPHIC) — 352KB
• bg4.jpg (GRAPHIC) — 309KB
• bg5.jpg (GRAPHIC) — 346KB
• bg6.jpg (GRAPHIC) — 43KB
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• bg9.jpg (GRAPHIC) — 453KB
• bga.jpg (GRAPHIC) — 152KB
• bgb.jpg (GRAPHIC) — 234KB
• bgc.jpg (GRAPHIC) — 43KB
• 0001213900-26-033417.txt ( ) — 2189KB

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 , 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, 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 Auto Callable Yield Notes Linked to the Common Stock of Vistra Corp. due March 28 , 2028 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek a higher interest rate than the yield on a conventional debt security with the same maturity issued by us. The notes will pay at least 14.35% per annum interest over the term of the notes, assuming no automatic call, payable at a rate of at least 1.19583% per month . The notes will be automatically called if the closing price of one share of the Reference Stock on any Review Date (other than the final Review Date) is greater than or equal to the Strike Value. The earliest date on which an automatic call may be initiated is March 23 , 2027. Investors should be willing to accept the risk of losing a significant portion or all of their principal and be willing to forgo dividend payments, in exchange for 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. Minimum denominations of $1,000 and integral multiples thereof The notes are expected to price on or about March 25 , 2026 (the "Pricing Date") and are expected to settle on or about March 30 , 2026. The Strike Value has been determined by reference to the closing price of one share of the Reference Stock on March 23 , 2026 and not by reference to the closing price of one share of the Reference Stock on the Pricing Date. CUSIP: 46660RHH0 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-4 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, 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 note s. (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 $970.00 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 pe r $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 Yield Notes Linked to the Common Stock of Vistra Corp. Key Terms Issuer: JPMorgan Chase Financial Company LLC , a direct , wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Reference Stock: The common stock of Vistra Corp., par value $0.01 per share (Bloomberg ticker: VST ). We refer to Vistra Corp. as " Vistra ." Interest Payments: If the notes have not been automatically called, you will receive on each Interest Payment Date for each $1,000 principal amount note an

View Full Filing

View this 424B2 filing on SEC EDGAR