JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPMorgan Chase Financial Co. LLC just filed a 424B2, likely offering new securities.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026. This filing is related to a previous registration statement (File No. 333-270004-01) and indicates the offering of securities. For investors, this means JPMorgan Chase Financial Co. LLC is likely raising capital, which could impact the parent company's financial structure and future growth prospects, potentially affecting stock valuation.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC is offering new securities, which could dilute existing shares or provide capital for strategic initiatives, directly influencing the parent company's financial health.

Risk Assessment

Risk Level: medium — The filing itself is procedural, but the underlying offering of securities could introduce market risk or dilution for investors.

Analyst Insight

Investors should monitor subsequent filings or news releases from JPMorgan Chase Financial Co. LLC or JPMORGAN CHASE & CO for details on the specific securities being offered, including their terms, size, and intended use of proceeds, to assess potential impact on existing shares.

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.)
• 102933 — Document Size (Size of the preliminary pricing supplement document in bytes.)
• 132333 — Document Size (Size of the larger graphic document in bytes.)

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

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will issue new debt or equity securities. (JPMorgan Chase Financial Co. LLC) — high confidence, target: 2026-03-31

FAQ

Key Financial Figures

• $1,142.05 — ttlement amount (expected to be between $1,142.05 and $1,166.65 for each $1,000 principal
• $1,166.65 — t (expected to be between $1,142.05 and $1,166.65 for each $1,000 principal amount note).
• $1,000 — etween $1,142.05 and $1,166.65 for each $1,000 principal amount note). If the final un
• $972.80 — upplement and is expected to be between $972.80 and $982.80 per $1,000 principal amount
• $982.80 — d is expected to be between $972.80 and $982.80 per $1,000 principal amount note . See
• $1,166.65 B — ): expected to be between $1,142.05 and $1,166.65 Buffer level: 90.00% of the initial under

Filing Documents

• ea0283257-01_424b2.htm (424B2) — 101KB
• image_001.jpg (GRAPHIC) — 25KB
• image_002.jpg (GRAPHIC) — 129KB
• 0001213900-26-033470.txt ( ) — 315KB

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 2026. 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 $ Capped Buffered Enhanced Participation Equity Notes due 2027 (Linked to the S&P 500 ® Index) Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes will not bear interest. The amount that you will be paid on your notes on the stated maturity date (June 29, 2027, subject to adjustment) is based on the performance of the S&P 500 ® Index (which we refer to as the underlier) as measured from and including the trade date (on or about March 25, 2026) to and including the determination date (June 25, 2027, subject to adjustment). If the final underlier level on the determination date is greater than the initial underlier level (set on the trade date), the return on your notes will be positive, subject to the maximum settlement amount (expected to be between $1,142.05 and $1,166.65 for each $1,000 principal amount note). If the final underlier level declines by up to 10.00% from the initial underlier level, you will receive the principal amount of your notes. 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. To determine your payment at maturity, we will calculate the underlier return, which is the percentage increase or decrease in the final underlier level from the initial underlier level. 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 positive (the final underlier level is greater than the initial underlier level), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) 1.50 times (c) the underlier return, subject to the maximum settlement amount; if the underlier return is zero or negative but not below -10.00% (the final underlier level is equal to or less than the initial underlier level but not by more than 10.00%), $1,000; or if the underlier return is negative and is below -10.00% (the final underlier level is less than the initial underlier level by more than 10.00%), the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) approximately 1.1111 times (c) the sum of the underlier return plus 10.00%. You will receive less than $1,000. 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 $972.80 and $982.80 per $1,000 principal amount note . See “Summary Information — The Estimated Value of the Notes” on page PS-7 of this pricing supplement for additional information about the estimated value of the notes and “Summary Information — Secondary Market Prices of the Notes” on page PS-8 of this pricing supplement for information about secondary market prices of the notes. Original issue date (settlement date): on or about March 30, 2026 Original issue price: 100.00% of the principal amount Underwriting commission/discount: up to 1.25% of the principal amount* Net proceeds to the issuer: % of the principal amount See “Summary Information — Supplemental Use of Proceeds” on page PS-8 of this pricing supplement for information about the components of the original issue price of the notes. *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 an unaffiliated dealer. In no ev

View Full Filing

View this 424B2 filing on SEC EDGAR