JPMorgan Chase medium-term note program

Davis Polk advised JPMorgan Chase & Co. in connection with the update of a euro medium-term note program under which notes may be issued by JPMorgan Chase & Co. and JPMorgan Chase Bank, National Association and may be listed on the regulated market or the Global Exchange Market of Euronext Dublin. Under the program, up to $65 billion aggregate principal amount of notes issued by JPMorgan Chase & Co. and $25 billion aggregate principal amount of notes issued by JPMorgan Chase Bank, National Association may be outstanding at any one time. The notes under the program will be offered and sold pursuant to Regulation S under the Securities Act of 1933.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States, with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $336.6 billion in stockholders’ equity as of March 31, 2024. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the firm serves millions of customers in the United States, and many of the world’s most prominent corporate, institutional and government clients globally.

The Davis Polk corporate team included partner John B. Meade, counsel Marc D. Swenson and associate Sierra M. Acosta. The financial institutions team included counsel Daniel E. Newman and associate Russell Quarles. Counsel David S. Fisher and associates Kelli A. Rivers and Valentin Van de Walle provided tax advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the New York and London offices.