JPMorgan Chase Financial Co. LLC Files New Securities Offering

TL;DR

**JPMorgan Chase Financial Co. LLC 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, detailing a new offering under their existing registration statement 333-270004-01. This filing indicates that JPMorgan Chase Financial Co. LLC is issuing new securities, likely debt, to raise capital. For investors, this means the company is actively managing its capital structure, which could impact future earnings and the perceived risk of holding the stock, as new debt can increase leverage but also fund growth initiatives.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC is raising capital, which could be used for growth, refinancing existing debt, or other corporate purposes, directly impacting the company's financial health and future profitability.

Risk Assessment

Risk Level: medium — The issuance of new securities, especially debt, can increase a company's leverage and financial obligations, potentially impacting its credit rating and future earnings.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details on the terms of the securities offered and the intended use of proceeds, as this will clarify the potential impact on the company's financial health and future outlook.

Key Numbers

• 333-270004-01 — File Number (Registration statement under which the securities are being offered by JPMorgan Chase Financial Co. LLC)
• 333-270004 — File Number (Registration statement for JPMORGAN CHASE & CO)
• 170336 — Size (Size of the PRICING SUPPLEMENT document in bytes)
• 4598 — Size (Size of the EX-FILING FEES document in bytes)
• 2026-03-24 — Filing Date (Date the 424B2 filing was made and accepted)

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
• 2026-03-24 (date) — Filing date of the 424B2 prospectus

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will use the capital raised from this offering to fund new growth initiatives or refinance existing debt. (JPMorgan Chase Financial Co. LLC) — medium confidence, target: 2026-12-31

FAQ

Key Financial Figures

• $45,450,000 — C Step Down Trigger Autocallable Notes $45,450,000 Linked to the least performing of the R
• $1,000 — are offered at a minimum investment of $1,000 in denominations of $10 and integral mu
• $10 — nvestment of $1,000 in denominations of $10 and integral multiples thereof. Underl
• $113,625 — STOXX 50 ® Index $45,450,000 $10 $113,625 $0.025 $45,336,375 $9.975 (1) See
• $0.025 — reg; Index $45,450,000 $10 $113,625 $0.025 $45,336,375 $9.975 (1) See “
• $45,336,375 — ex $45,450,000 $10 $113,625 $0.025 $45,336,375 $9.975 (1) See “Supplemental
• $9.975 — 00 $10 $113,625 $0.025 $45,336,375 $9.975 (1) See “Supplemental Use of P
• $9.726 — en the terms of the Notes were set, was $9.726 per $10 principal amount Note. See &ldq
• $10.00 — JPMorgan Chase & Co. Issue Price $10.00 per Note Underlyings Russell 2000 &
• $11.630 — arch 30, 2027 April 2, 2027 16.30% $11.630 September 20, 2027 September 23, 20
• $12.445 M — 20, 2027 September 23, 2027 24.45% $12.445 March 20, 2028 March 23, 2028 32.60%
• $13.260 — rch 20, 2028 March 23, 2028 32.60% $13.260 September 20, 2028 September 25, 20
• $14.075 M — 20, 2028 September 25, 2028 40.75% $14.075 March 20, 2029 March 23, 2029 48.90%
• $14.890 — rch 20, 2029 March 23, 2029 48.90% $14.890 September 20, 2029 September 25, 20
• $15.705 M — 20, 2029 September 25, 2029 57.05% $15.705 March 20, 2030 March 25, 2030 65.20%

Filing Documents

• ea0283127-01_424b2.htm (424B2) — 166KB
• ea028312701_ex-filingfees.htm (EX-FILING FEES) — 4KB
• image_001.jpg (GRAPHIC) — 8KB
• image_002.jpg (GRAPHIC) — 4KB
• image_003.jpg (GRAPHIC) — 1KB
• image_004.jpg (GRAPHIC) — 1KB
• image_005.jpg (GRAPHIC) — 12KB
• image_006.jpg (GRAPHIC) — 11KB
• image_007.jpg (GRAPHIC) — 12KB
• image_008.jpg (GRAPHIC) — 19KB
• 0001213900-26-033437.txt ( ) — 355KB
• ea028312701_ex-filingfees_htm.xml (XML) — 2KB

From the Filing

SUPPLEMENT PRICING SUPPLEMENT Filed Pursuant to Rule 424(b)(2) Registration Statement Nos. 333-270004 and 333-270004-01 Dated March 20, 2026 JPMorgan Chase Financial Company LLC Step Down Trigger Autocallable Notes $45,450,000 Linked to the least performing of the Russell 2000 ® Index, the S&P 500 ® Index and the EURO STOXX 50 ® Index due March 25, 2031 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. Investment Description Step Down Trigger Autocallable Notes, which we refer to as the “Notes,” are unsecured and unsubordinated debt securities issued by JPMorgan Chase Financial Company LLC (“JPMorgan Financial”), the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co., linked to the least performing of the Russell 2000 ® Index, the S&P 500 ® Index and the EURO STOXX 50 ® Index (each an “Underlying” and together the “Underlyings”). If each Underlying closes at or above (i) its Initial Value on any Observation Date (other than the Final Valuation Date) (after an initial one-year non-call period) or (ii) its Downside Threshold on the Final Valuation Date, JPMorgan Financial will automatically call the Notes and pay you a Call Price equal to the principal amount per Note plus a Call Return. The Call Return increases the longer the Notes are outstanding. If by maturity the Notes have not been called, and, therefore, any Underlying closes below its Downside Threshold on the Final Valuation Date, JPMorgan Financial will repay less than the principal amount, if anything, resulting in a loss of your principal amount that is proportionate to the decline in the closing level of the Underlying with the lowest Underlying Return (the “Least Performing Underlying”) from its Initial Value to its Final Value. Investing in the Notes involves significant risks. The Notes do not pay interest. You may lose a significant portion or all of your principal amount. You will be exposed to the market risk of each Underlying and any decline in the level of one Underlying may negatively affect your return and will not be offset or mitigated by a lesser decline or any potential increase in the level of any other Underlying. Generally, a higher Call Return Rate is associated with a greater risk of loss. The contingent repayment of principal applies only if you hold the Notes to maturity. Any payment on the Notes, including any repayment of principal, is subject to the creditworthiness of JPMorgan Financial, as issuer of the Notes, and the creditworthiness of JPMorgan Chase & Co., as guarantor of the Notes. If JPMorgan Financial and JPMorgan Chase & Co. were to default on their payment obligations, you may not receive any amounts owed to you under the Notes and you could lose your entire investment. Features t Call Return: JPMorgan Financial will automatically call the Notes for a Call Price equal to the principal amount plus a Call Return if (i) the closing level of each Underlying on any Observation Date (other than the Final Valuation Date) (after an initial one-year non-call period) is equal to or greater than its Initial Value or (ii) the closing level of each Underlying on the Final Valuation Date is equal to or greater than its Downside Threshold. The Call Return increases the longer the Notes are outstanding. If the Notes are not called, investors will be exposed to any depreciation of the Underlyings at maturity. t Contingent Downside Exposure: If by maturity the Notes have not been called and, therefore, any Underlying closes below its Downside Threshold on the Final Valuation Date, JPMorgan Financial will repay less than the principal amount, if anything, resulting in a loss of your principal amount that is proportionate to the decline in the closing level of the Least Performing Underlying from its Initial Value to its Final Value. The contingent repayment of principal applies only if you hold the Notes until maturity. Any payment on the Notes, including any repayment of principal, is subject to the creditworthiness of JPMorgan Financial and JPMorgan Chase & Co. Key Dates Trade Date March 20, 2026 Original Issue Date (Settlement Date) March 25, 2026 Observation Dates 1 Semiannual (callable beginning March 30, 2027) (see page 4) Final Valuation Date 1 March 20, 2031 Maturity Date 1 March 25, 2031 1 THE NOTES ARE SIGNIFICANTLY RISKIER THAN CONVENTIONAL DEBT INSTRUMENTS. JPMORGAN FINANCIAL IS NOT NECESSARILY OBLIGATED TO REPAY THE FULL PRINCIPAL AMOUNT OF THE NOTES AT MATURITY, AND THE NOTES CAN HAVE DOWNSIDE MARKET RISK SIMILAR TO THE LEAST PERFORMING UNDERLYING. THIS MARKET RISK IS IN ADDITION TO THE CREDIT RISK INHERENT IN PURCHASING A DEBT OBLIGATION OF JPMORGAN FINANCIAL FULLY AND UNCONDITIONALLY GUARANTEED BY JPMORGAN CHASE & CO. YOU SHOULD NOT PURCHASE THE NOTES IF YOU DO NOT UNDERSTAND OR ARE NOT COMFORTABLE WITH THE SIGNIFICANT RISKS INVOLVED IN INVESTING IN THE

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View this 424B2 filing on SEC EDGAR