Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Nasdaq-100
®
Technology Sector Index
SM
(Bloomberg ticker: NDXT), the Russell 2000
®
Index
(Bloomberg ticker: RTY) and the S&P 500
®
Index (Bloomberg
ticker: SPX) (each an “Index” and collectively, the “Indices”)
Contingent Interest Payments:
If the notes have not been previously redeemed early 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 $7.50 (equivalent to a
Contingent Interest Rate of 9.00% per annum, payable at a rate
of 0.75% per month).
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: 9.00% per annum, payable at a rate
of 0.75% per month
Interest Barrier: With respect to each Index, 75.00% of its
Initial Value, which is 7,570.605 for the Nasdaq-100
®
Technology Sector Index
SM
, 1,667.235 for the Russell 2000
®
Index and 4,049.415 for the S&P 500
®
Index
Trigger Value: With respect to each Index, 59.25% of its Initial
Value, which is 5,980.77795 for the Nasdaq-100
®
Technology
Sector Index
SM
, 1,317.11565 for the Russell 2000
®
Index and
3,199.03785 for the S&P 500
®
Index
Pricing Date: July 25, 2024
Original Issue Date (Settlement Date): On or about July 30,
2024
Review Dates*: August 26, 2024, September 25, 2024,
October 25, 2024, November 25, 2024, December 26, 2024,
January 27, 2025, February 25, 2025, March 25, 2025, April
25, 2025, May 27, 2025, June 25, 2025, July 25, 2025, August
25, 2025, September 25, 2025, October 27, 2025, November
25, 2025, December 26, 2025, January 26, 2026, February 25,
2026, March 25, 2026, April 27, 2026, May 26, 2026 and June
25, 2026 (the “final Review Date”)
Interest Payment Dates*: August 29, 2024, September 30,
2024, October 30, 2024, November 29, 2024, December 31,
2024, January 30, 2025, February 28, 2025, March 28, 2025,
April 30, 2025, May 30, 2025, June 30, 2025, July 30, 2025,
August 28, 2025, September 30, 2025, October 30, 2025,
December 1, 2025, December 31, 2025, January 29, 2026,
March 2, 2026, March 30, 2026, April 30, 2026, May 29, 2026
and the Maturity Date
Maturity Date*: June 30, 2026
*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
Early Redemption:
We, at our election, may redeem the notes early, in whole but
not in part, on any of the Interest Payment Dates (other than
the first, second and final Interest Payment Dates) at a price,
for each $1,000 principal amount note, equal to (a) $1,000
plus (b) the Contingent Interest Payment, if any, applicable to
the immediately preceding Review Date. If we intend to
redeem your notes early, we will deliver notice to The
Depository Trust Company, or DTC, at least three business
days before the applicable Interest Payment Date on which
the notes are redeemed early.
Payment at Maturity:
If the notes have not been redeemed early 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, if any, applicable to the final
Review Date.
If the notes have not been redeemed early 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 redeemed early and the Final
Value of any Index is less than its Trigger Value, you will lose
more than 40.75% 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, which was 10,094.14 for the
Nasdaq-100
®
Technology Sector Index
SM
, 2,222.980 for the
Russell 2000
®
Index and 5,399.22 for the S&P 500
®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date