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

TL;DR

**JPMorgan Chase Financial Co. LLC is 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 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 strategic initiatives.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC is actively raising capital, which could influence its financial leverage and capacity for future investments or operations.

Risk Assessment

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

Analyst Insight

Investors should monitor subsequent filings or news from JPMorgan Chase Financial Co. LLC for details on the specific securities offered (e.g., interest rates, maturity dates for debt offerings) to assess the impact on the company's financial health and future obligations.

Key Numbers

• 333-270004-01 — File Number (The registration statement under which the securities are being offered by JPMorgan Chase Financial Co. LLC)
• 333-270004 — File Number (The registration statement under which the securities are being offered by JPMorgan Chase & Co)
• 2026-03-24 — Filing Date (The date the 424B2 prospectus was filed with the SEC)
• 0001213900-26-033463 — SEC Accession No. (Unique identifier for this specific filing)
• 125408 — Document Size (bytes) (Size of the preliminary pricing supplement document)

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 (dollar_amount) — Filing date of the 424B2

FAQ

Key Financial Figures

• $1,000 — 2027, subject to adjustment), for each $1,000 principal amount of note, equal to $1,0
• $947.90 — upplement and is expected to be between $947.90 and $957.90 per $1,000 principal amount
• $957.90 — d is expected to be between $947.90 and $957.90 per $1,000 principal amount note. See "
• $900 — (b) $1,000. You will receive less than $900. Initial underlier level (to be set o
• $1,137.30 — payment date is expected to be between $1,137.30 and $1,161.00 if your notes are called
• $1,161.00 — is expected to be between $1,137.30 and $1,161.00 if your notes are called on the call ob

Filing Documents

• ea0283203-01_424b2.htm (424B2) — 122KB
• image_001.jpg (GRAPHIC) — 31KB
• 0001213900-26-033463.txt ( ) — 166KB

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. Filed Pursuant to Rule 424(b)(2) Registration Statement Nos. 333-270004 and 333-270004-01 Pricing Supplement to the Prospectus and Prospectus Supplement, each dated April 13, 2023 , the Underlying Supplement No. 1-I dated April 13, 2023 , the Product Supplement No. 4-I dated April 13, 2023 and the Prospectus Addendum dated June 3, 2024 JPMorgan Chase Financial Company LLC Medium-Term Notes, Series A $ Autocallable Enhanced Participation Equity Notes due 2028 (Linked to the iShares ® Expanded Tech-Software Sector ETF) Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes will not bear interest. The notes will mature on the stated maturity date (March 29, 2028, subject to adjustment) unless they are automatically called on the call observation date (April 2, 2027, subject to adjustment). Your notes will be automatically called on the call observation date if the closing level of the iShares ® Expanded Tech-Software Sector ETF (which we refer to as the underlier) on that date is equal to or greater than the call level of 100.00% of the initial underlier level (set on the trade date), resulting in a payment on the call payment date (April 6, 2027, subject to adjustment), for each $1,000 principal amount of note, equal to $1,000 plus the product of $1,000 times the call premium amount. The call premium amount is expected to be between 13.73% and 16.10%. The return on your notes is capped if your notes are called on the call observation date. The maximum payment you could receive is limited if your notes are called on the call observation date because of the call premium amount. If your notes are not automatically called, the amount that you will be paid on your notes on the stated maturity date is based on the performance of the underlier as measured from and including the trade date (on or about March 25, 2026) to and including the determination date (March 27, 2028, subject to adjustment). If the final underlier level on the determination date is greater than or equal to the trigger buffer level of 90.00% of the initial underlier level, you will receive a cash payment equal to $1,000 plus the product of (i) $1,000 times (ii) the greater of (a) 2.00 times the underlier return (the percentage increase or decrease in the final underlier level from the initial underlier level) and (b) the maturity date premium amount (expected to be between 27.46% and 32.20%) for each $1,000 principal amount note. If the final underlier level declines by more than 10.00% from the initial underlier level, the return on your notes will be negative. You could lose your entire investment in the notes. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC ("JPMorgan Financial"), as issuer of the notes, and the credit risk of JPMorgan Chase & Co., as guarantor of the notes. If your notes are not automatically called on the call observation date, to determine your payment at maturity, we will calculate the underlier return. On the stated maturity date, for each $1,000 principal amount note, you will receive an amount in cash equal to: · if the underlier return is greater than or equal to -10.00% (the final underlier level is greater than or equal to 90.00% of the initial underlier level), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) the greater of (1) the product of (x) 2.00 times (y) the underlier return and (2) the maturity date premium amount; or · if the underlier return is below -10.00% (the final underlier level is less than 90.00% of the initial underlier level), the sum of (i) $1,000 plus (ii) the product of (a) the underlier return times (b) $1,000. Under these circumstances, the payment at maturity will be based on the underlier return, which will be negative, and you will receive less than 90.00% of the principal amount of your notes. Your investment in the notes involves certain risks, including, among other things, our credit risk. See "Risk Factors" on page S-2 of the accompanying prospectus supplement, Annex A to the accompanying prospectus addendum, "Risk Factors" on page PS-11 of the accompanying product supplement and "Selected Risk Factors" on page PS-12 of this pricing supplement. The foregoing is only a brief summary of the terms of your notes. You should read the additional disclosure provided herein so that you may better understand the terms and risks of your investment. The estimated value of the notes, when the terms of the notes are set, will be provided in the final pricing supplement and is expected to be between $947.90 and $957.90 per $1,000 principal amount note. See "Summary Information — The Estimate

View Full Filing

View this 424B2 filing on SEC EDGAR