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Name | Symbol | Market | Type |
---|---|---|---|
JP Morgan Alerian MLP | AMEX:AMJ | AMEX | Bond |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.30 | 0 | 01:00:00 |
June 27, 2024
|
Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(2)
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JPMorgan Chase Financial Company LLC
Structured Investments
$2,521,000
Capped Dual Directional Barrier Notes Linked to the
S&P 500® Index due December 30, 2027
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
●The notes are designed for investors who seek a capped, unleveraged return equal to any appreciation (with a Maximum
Upside Return of 69.00%) of the S&P 500® Index at maturity.
●The notes are also designed for investors who seek a capped, unleveraged return equal to the absolute value of any
depreciation of the S&P 500® Index at maturity (up to 20.00%) if the Final Value is greater than or equal to 80.00% of the
Initial Value, which we refer to as the Barrier Amount.
●Investors should be willing to forgo interest and dividend payments and 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 $1,000 and integral multiples thereof
●The notes priced on June 27, 2024 and are expected to settle on or about July 2, 2024.
●CUSIP: 48135MT73
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Price to Public (1)
|
Fees and Commissions (2)
|
Proceeds to Issuer
|
Per note
|
$1,000
|
$22.50
|
$977.50
|
Total
|
$2,521,000
|
$56,722.50
|
$2,464,277.50
|
(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
$22.50 per $1,000 principal amount note it receives from us to other affiliated or unaffiliated dealers. See “Plan of Distribution (Conflicts of
Interest)” in the accompanying product supplement.
|
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)
Maximum Upside Return: 69.00% (corresponding to a
maximum payment at maturity of $1,690.00 per $1,000
principal amount note if the Index Return is positive)
Barrier Amount: 80.00% of the Initial Value, which is
4,386.296
Pricing Date: June 27, 2024
Original Issue Date (Settlement Date): On or about July 2,
2024
Observation Date*: December 27, 2027
Maturity Date*: December 30, 2027
* Subject to postponement in the event of a market disruption
event and as described under “General Terms of Notes —
Postponement of a Determination Date — Notes Linked to a
Single Underlying — Notes Linked to a Single Underlying
(Other Than a Commodity Index)” and “General Terms of
Notes — Postponement of a Payment Date” in the
accompanying product supplement
|
Payment at Maturity:
If the Final Value is greater than the Initial Value, your
payment at maturity per $1,000 principal amount note will be
calculated as follows:
$1,000 + ($1,000 × Index Return), subject to the Maximum
Upside Return
If the Final Value is equal to the Initial Value or is less than the
Initial Value but greater than or equal to the Barrier Amount,
your payment at maturity per $1,000 principal amount note will
be calculated as follows:
$1,000 + ($1,000 × Absolute Index Return)
This payout formula results in an effective cap of 20.00% on
your return at maturity if the Index Return is negative. Under
these limited circumstances, your maximum payment at
maturity is $1,200.00 per $1,000 principal amount note.
If the Final Value is less than the Barrier Amount, your
payment at maturity per $1,000 principal amount note will be
calculated as follows:
$1,000 + ($1,000 × Index Return)
If the Final Value is less than the Barrier Amount, you will lose
more than 20.00% of your principal amount at maturity and
could lose all of your principal amount at maturity.
Absolute Index Return: The absolute value of the Index
Return. For example, if the Index Return is -5%, the Absolute
Index Return will equal 5%.
Index Return:
(Final Value – Initial Value)
Initial Value
Initial Value: The closing level of the Index on the Pricing
Date, which was 5,482.87
Final Value: The closing level of the Index on the Observation
Date
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PS-1 | Structured Investments
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
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Final Value
|
Index Return
|
Absolute Index Return
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Total Return on the
Notes
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Payment at Maturity
|
180.00
|
80.00%
|
N/A
|
69.00%
|
$1,690.00
|
169.00
|
69.00%
|
N/A
|
69.00%
|
$1,690.00
|
165.00
|
65.00%
|
N/A
|
65.00%
|
$1,650.00
|
150.00
|
50.00%
|
N/A
|
50.00%
|
$1,500.00
|
140.00
|
40.00%
|
N/A
|
40.00%
|
$1,400.00
|
130.00
|
30.00%
|
N/A
|
30.00%
|
$1,300.00
|
120.00
|
20.00%
|
N/A
|
20.00%
|
$1,200.00
|
110.00
|
10.00%
|
N/A
|
10.00%
|
$1,100.00
|
105.00
|
5.00%
|
N/A
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5.00%
|
$1,050.00
|
101.00
|
1.00%
|
N/A
|
1.00%
|
$1,010.00
|
100.00
|
0.00%
|
0.00%
|
0.00%
|
$1,000.00
|
95.00
|
-5.00%
|
5.00%
|
5.00%
|
$1,050.00
|
90.00
|
-10.00%
|
10.00%
|
10.00%
|
$1,100.00
|
80.00
|
-20.00%
|
20.00%
|
20.00%
|
$1,200.00
|
79.99
|
-20.01%
|
N/A
|
-20.01%
|
$799.90
|
70.00
|
-30.00%
|
N/A
|
-30.00%
|
$700.00
|
60.00
|
-40.00%
|
N/A
|
-40.00%
|
$600.00
|
50.00
|
-50.00%
|
N/A
|
-50.00%
|
$500.00
|
40.00
|
-60.00%
|
N/A
|
-60.00%
|
$400.00
|
30.00
|
-70.00%
|
N/A
|
-70.00%
|
$300.00
|
20.00
|
-80.00%
|
N/A
|
-80.00%
|
$200.00
|
10.00
|
-90.00%
|
N/A
|
-90.00%
|
$100.00
|
0.00
|
-100.00%
|
N/A
|
-100.00%
|
$0.00
|
PS-2 | Structured Investments
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
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PS-3 | Structured Investments
|
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
|
PS-4 | Structured Investments
|
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
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PS-5 | Structured Investments
|
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
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Historical Performance of the S&P 500® Index
![]() Source: Bloomberg
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PS-6 | Structured Investments
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
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PS-7 | Structured Investments
|
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
|
PS-8 | Structured Investments
|
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Capped Dual Directional Barrier Notes Linked to the S&P 500® Index
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Exhibit 107.1
The pricing supplement to which this Exhibit is attached is a final prospectus for the related offering(s). The maximum aggregate offering price of the related offering(s) is $2,521,000.
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