JPMorgan Chase Financial Co. LLC Files 424B2 Prospectus

TL;DR

**JPM Financial is issuing new securities, watch for details on what and how much.**

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 that JPMorgan Chase Financial Co. LLC is offering new securities, likely debt or equity, under its previously approved registration. For investors, this means the company is raising capital, which could be used for general corporate purposes, potentially impacting future earnings or debt levels, and diluting existing shareholders if equity is issued.

Why It Matters

This filing signals JPMorgan Chase Financial Co. LLC is actively raising capital, which could affect its financial structure and future growth prospects.

Risk Assessment

Risk Level: medium — The risk is medium because while the filing itself is procedural, the underlying offering could introduce new debt or dilute equity, impacting existing shareholders.

Analyst Insight

Investors should monitor subsequent filings or press releases from JPMorgan Chase Financial Co. LLC for details on the type and terms of the securities being offered, as this will clarify the impact on the company's financial health and existing shareholders.

Key Numbers

• 2026-03-24 — Filing Date (Date the 424B2 prospectus was filed)
• 333-270004-01 — File No. (Registration statement under which the securities are offered by JPMorgan Chase Financial Co. LLC)
• 0001665650 — CIK (Central Index Key for JPMorgan Chase Financial Co. LLC)

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
• 333-270004-01 (dollar_amount) — File number for JPMorgan Chase Financial Co. LLC's shelf registration
• 333-270004 (dollar_amount) — File number for JPMORGAN CHASE & CO's shelf registration
• 2026-03-24 (dollar_amount) — Filing date of the 424B2 prospectus

Forward-Looking Statements

• JPMorgan Chase Financial Co. LLC will announce the specific terms (e.g., amount, interest rate, maturity) of the securities offered under this prospectus. (JPMorgan Chase Financial Co. LLC) — high confidence, target: 2026-04-24

FAQ

Key Financial Figures

• $550,000 — Company LLC Structured Investments $550,000 Digital Buffered Notes Linked to the
• $10,000 — f the notes. Minimum denominations of $10,000 and integral multiples of $1,000 in exc
• $1,000 — ns of $10,000 and integral multiples of $1,000 in excess thereof Key Terms Issuer:
• $1,102.90 — ity per $1,000 principal amount note is $1,102.90. Buffer Amount: 10.00% Downside L
• $1,000.00 — s (2) Proceeds to Issuer Per note $1,000.00 $10.00 $990.00 Total $550,000.0
• $10.00 — eeds to Issuer Per note $1,000.00 $10.00 $990.00 Total $550,000.00 $5,50
• $990.00 — ssuer Per note $1,000.00 $10.00 $990.00 Total $550,000.00 $5,500.00 $54
• $550,000.00 — $1,000.00 $10.00 $990.00 Total $550,000.00 $5,500.00 $544,500.00 (1) See "Su
• $5,500.00 — 10.00 $990.00 Total $550,000.00 $5,500.00 $544,500.00 (1) See "Supplemental U
• $544,500.00 — .00 Total $550,000.00 $5,500.00 $544,500.00 (1) See "Supplemental Use of Proceeds
• $988.00 — en the terms of the notes were set, was $988.00 per $1,000 principal amount note. See "
• $555.556 — estor receives a payment at maturity of $555.556 per $1,000 principal amount note, calcu

Filing Documents

• jpm89_424b2-10798.htm (424B2) — 173KB
• ex-filingfees.htm (EX-FILING FEES) — 8KB
• image3.jpg (GRAPHIC) — 149KB
• image1.jpg (GRAPHIC) — 5KB
• 0001839882-26-016799.txt ( ) — 489KB
• ex-filingfees_htm.xml (XML) — 2KB

From the Filing

SUPPLEMENT Pricing supplement To prospectus dated April 13, 2023, prospectus supplement dated April 13, 2023, product supplement no. 4-I dated April 13, 2023, underlying supplement no. 1-I dated April 13, 2023 and prospectus addendum dated June 3, 2024 Registration Statement Nos. 333-270004 and 333-270004-01 Dated March 20, 2026 Rule 424(b)(2) JPMorgan Chase Financial Company LLC Structured Investments $550,000 Digital Buffered Notes Linked to the S&P 500 Index due April 6, 2027 Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. General The notes are designed for investors who seek a fixed return of 10.29% if the Ending Index Level of the S&P 500 Index is greater than or equal to the Index Strike Level or is less than the Index Strike Level by up to 10.00%. Investors should be willing to forgo interest and dividend payments and, if the Ending Index Level is less than the Index Strike Level by more than 10.00%, be willing to lose some or all of their principal amount at maturity. 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 $10,000 and integral multiples of $1,000 in excess thereof Key Terms Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co. Guarantor: JPMorgan Chase & Co. Index: The S&P 500 Index (Bloomberg ticker: SPX) Payment at Maturity: If the Ending Index Level is greater than or equal to the Index Strike Level or is less than the Index Strike Level by up to the Buffer Amount, at maturity you will receive a cash payment that provides you with a return per $1,000 principal amount note equal to the Contingent Digital Return. Accordingly, under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + ($1,000 Contingent Digital Return) If the Ending Index Level is less than the Index Strike Level by more than the Buffer Amount, at maturity you will lose 1.11111% of the principal amount of your notes for every 1% that the Ending Index Level is less than the Index Strike Level by more than the Buffer Amount. Under these circumstances, your payment at maturity per $1,000 principal amount note will be calculated as follows: $1,000 + [$1,000 (Index Return + Buffer Amount) Downside Leverage Factor] You will lose some or all of your principal amount at maturity if the Ending Index Level is less than the Index Strike Level by more than the Buffer Amount of 10.00%. Contingent Digital Return: 10.29%, which reflects the maximum return on the notes. Accordingly, the maximum payment at maturity per $1,000 principal amount note is $1,102.90. Buffer Amount: 10.00% Downside Leverage Factor: 1.11111 Index Return: (Ending Index Level – Index Strike Level) Index Strike Level Index Strike Level: 6,606.49, the closing level of the Index on the Strike Date. The Index Strike Level is not determined by reference to the closing level of the Index on the Pricing Date. Ending Index Level: The closing level of the Index on the Valuation Date Strike Date: March 19, 2026 Pricing Date: March 20, 2026 Original Issue Date (Settlement Date): On or about March 25, 2026 Valuation Date*: April 1, 2027 Maturity Date*: April 6, 2027 CUSIP: 46660RFK5 * 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-5 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 $1,000.00 $10.00 $990.00 Total $550,000.00 $5,500.00 $544,500.00 (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 of $10.00 per $1,000 principal amount note it receives from us to other affiliated or unaffiliated dealers. See "Plan of Dis

View Full Filing

View this 424B2 filing on SEC EDGAR