Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Dow Jones Industrial Average
®
(Bloomberg
ticker: INDU), the NASDAQ-100 Index
®
(Bloomberg ticker:
NDX) and the Russell 2000
®
Index (Bloomberg ticker: RTY)
(each an “Index” and collectively, the “Indices”)
Contingent Interest Payments:
If the notes have not been automatically called and the
closing level of each Index on any Review Date is greater
than or equal to its Interest Barrier, you will receive on the
applicable Interest Payment Date for each $1,000 principal
amount note a Contingent Interest Payment equal to at least
$7.4167 (equivalent to a Contingent Interest Rate of at least
8.90% per annum, payable at a rate of at least 0.74167% per
month) (to be provided in the pricing supplement).
If the closing level of any Index on any Review Date is less
than its Interest Barrier, no Contingent Interest Payment will
be made with respect to that Review Date.
Contingent Interest Rate: At least 8.90% per annum,
payable at a rate of at least 0.74167% per month (to be
provided in the pricing supplement)
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value
Pricing Date: On or about September 6, 2024
Original Issue Date (Settlement Date): On or about
September 11, 2024
Review Dates*: October 7, 2024, November 6, 2024,
December 6, 2024, January 6, 2025, February 6, 2025, March
6, 2025, April 7, 2025, May 6, 2025, June 6, 2025, July 7,
2025, August 6, 2025, September 8, 2025, October 6, 2025,
November 6, 2025, December 8, 2025, January 6, 2026,
February 6, 2026, March 6, 2026, April 6, 2026, May 6, 2026
and June 8, 2026 (final Review Date)
Interest Payment Dates*: October 10, 2024, November 12,
2024, December 11, 2024, January 9, 2025, February 11,
2025, March 11, 2025, April 10, 2025, May 9, 2025, June 11,
2025, July 10, 2025, August 11, 2025, September 11, 2025,
October 9, 2025, November 12, 2025, December 11, 2025,
January 9, 2026, February 11, 2026, March 11, 2026, April 9,
2026, May 11, 2026 and the Maturity Date
Maturity Date*: June 11, 2026
Call Settlement Date*: If the notes are automatically called
on any Review Date (other than the first, second and final
Review Dates), the first Interest Payment Date immediately
following that Review Date
* 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 Multiple Underlyings” and
“General Terms of Notes — Postponement of a Payment Date” in the
accompanying product supplement
Automatic Call:
If the closing level of each Index on any Review Date (other
than the first, second and final Review Dates) is greater than
or equal to its Initial Value, the notes will be automatically
called for a cash payment, for each $1,000 principal amount
note, equal to (a) $1,000 plus (b) the Contingent Interest
Payment applicable to that Review Date, payable on the
applicable Call Settlement Date. No further payments will be
made on the notes.
Payment at Maturity:
If the notes have not been automatically called and the Final
Value of each Index is greater than or equal to its Trigger
Value, you will receive a cash payment at maturity, for each
$1,000 principal amount note, equal to (a) $1,000 plus (b) the
Contingent Interest Payment applicable to the final Review
Date.
If the notes have not been automatically called and the Final
Value of any Index is less than its Trigger Value, your
payment at maturity per $1,000 principal amount note will be
calculated as follows:
$1,000 + ($1,000 × Least Performing Index Return)
If the notes have not been automatically called and the Final
Value of any Index is less than its Trigger Value, you will lose
more than 30.00% of your principal amount at maturity and
could lose all of your principal amount at maturity.
Least Performing Index: The Index with the Least
Performing Index Return
Least Performing Index Return: The lowest of the Index
Returns of the Indices
Index Return: With respect to each Index,
(Final Value – Initial Value)
Initial Value
Initial Value: With respect to each Index, the closing level of
that Index on the Pricing Date
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date