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

TL;DR

**JPMorgan Chase Financial Co. LLC is gearing up to issue new securities, likely debt, to raise fresh capital.**

AI Summary

JPMorgan Chase Financial Co. LLC, a subsidiary of JPMorgan Chase & Co., filed a 424B2 prospectus on March 24, 2026, for a new offering under its existing shelf registration (File No. 333-270004-01). This filing indicates that JPMorgan Chase Financial Co. LLC is preparing to issue new securities, likely debt, to raise capital. For investors, this means the company is actively managing its funding structure, which could impact future earnings and the overall financial health of JPMorgan Chase & Co. by providing capital for operations or investments.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC's intent to raise capital, which could be used to fund growth initiatives, refinance existing debt, or support general corporate purposes, ultimately affecting the parent company's financial leverage and future profitability.

Risk Assessment

Risk Level: low — This is a standard prospectus filing for a new offering, indicating routine capital-raising activities rather than an immediate, high-risk event.

Analyst Insight

Investors should monitor subsequent filings or news from JPMorgan Chase Financial Co. LLC for details on the specific terms (e.g., interest rates, maturity dates) of the new securities offering, as these will impact the company's debt profile and financial obligations.

Key Numbers

• 0001665650 — CIK for JPMorgan Chase Financial Co. LLC (identifies the specific entity making the filing)
• 0000019617 — CIK for JPMorgan Chase & Co. (identifies the parent company)
• 2026-03-24 — Filing Date (the date the 424B2 prospectus was filed)
• 333-270004-01 — File No. for JPMorgan Chase Financial Co. LLC (the registration statement under which the securities are being offered)

Key Players & Entities

• JPMorgan Chase Financial Co. LLC (company) — the filer of the 424B2 prospectus
• JPMorgan Chase & Co. (company) — the parent company of the filer
• March 24, 2026 (date) — the filing date of the 424B2 prospectus
• 333-270004-01 (dollar_amount) — the file number for the shelf registration statement

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will successfully issue new securities to raise capital. (JPMorgan Chase Financial Co. LLC) — high confidence, target: 2026-06-30

FAQ

Key Financial Figures

• $1,000 — f the notes. Minimum denominations of $1,000 and integral multiples thereof The no
• $39.00 — t will these selling commissions exceed $39.00 per $1,000 principal amount note. See "
• $911.90 — lue of the notes would be approximately $911.90 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 "
• $125.0000 — ew Date Call Premium Amount First $125.0000 Second $135.4167 Third $145.833
• $135.4167 — m Amount First $125.0000 Second $135.4167 Third $145.8333 Fourth $156.250
• $145.8333 — 125.0000 Second $135.4167 Third $145.8333 Fourth $156.2500 Fifth $166.666
• $156.2500 — 135.4167 Third $145.8333 Fourth $156.2500 Fifth $166.6667 Sixth $177.0833
• $166.6667 — 145.8333 Fourth $156.2500 Fifth $166.6667 Sixth $177.0833 Seventh $187.50
• $177.0833 — $156.2500 Fifth $166.6667 Sixth $177.0833 Seventh $187.5000 Eighth $197.9
• $187.5000 — 66.6667 Sixth $177.0833 Seventh $187.5000 Eighth $197.9167 Ninth $208.333
• $197.9167 — 7.0833 Seventh $187.5000 Eighth $197.9167 Ninth $208.3333 Tenth $218.7500
• $208.3333 — 187.5000 Eighth $197.9167 Ninth $208.3333 Tenth $218.7500 Eleventh $229.1
• $218.7500 — $197.9167 Ninth $208.3333 Tenth $218.7500 Eleventh $229.1667 Twelfth $239
• $229.1667 — 8.3333 Tenth $218.7500 Eleventh $229.1667 Twelfth $239.5833 Thirteenth $2

Filing Documents

• form424b2.htm (424B2) — 259KB
• image_001.jpg (GRAPHIC) — 21KB
• image_002.jpg (GRAPHIC) — 5KB
• image_006.jpg (GRAPHIC) — 159KB
• image_003.gif (GRAPHIC) — 3KB
• image_004.gif (GRAPHIC) — 5KB
• image_005.gif (GRAPHIC) — 5KB
• 0001918704-26-008035.txt ( ) — 534KB

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. April , 2026 Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(2) JPMorgan Chase Financial Company LLC Structured Investments Review Notes Linked to the MerQube US Tech+ Vol Advantage Index due April 18, 2031 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. The notes are designed for investors who seek early exit prior to maturity at a premium if, on any Review Date, the closing level of the MerQube US Tech+ Vol Advantage Index, which we refer to as the Index, is at or above the Call Value. The earliest date on which an automatic call may be initiated is April 19, 2027. Investors should be willing to forgo interest and dividend payments and be willing to lose up to 85.00% of their principal amount at maturity. The Index is subject to a 6.0% per annum daily deduction, and the performance of the Invesco QQQ Trust SM , Series 1 (the "QQQ Fund") is subject to a notional financing cost. These deductions will offset any appreciation of the components of the Index, will heighten any depreciation of those components and will generally be a drag on the performance of the Index. The Index will trail the performance of an identical index without such deductions. See "Selected Risk Considerations — Risks Relating to the Notes Generally — The Level of the Index Will Include a 6.0% per Annum Daily Deduction" and "Selected Risk Considerations — Risks Relating to the Notes Generally — The Level of the Index Will Include the Deduction of a Notional Financing Cost" 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 April 15, 2026 and are expected to settle on or about April 20, 2026. CUSIP: 46660R2E3 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-7 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 $39.00 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 $911.90 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 Key Terms Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Index: The MerQube US Tech+ Vol Advantage Index (Bloomberg ticker: MQUSTVA). The level of the Index reflects a

View Full Filing

View this 424B2 filing on SEC EDGAR