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Share Name | Share Symbol | Market | Type |
---|---|---|---|
JP Morgan Chase and Co | NYSE:JPM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.31 | -0.16% | 197.76 | 197.98 | 196.275 | 197.98 | 7,754,822 | 22:42:19 |
May , 2024
|
Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(2)
|
JPMorgan Chase Financial Company LLC
Structured Investments
Auto Callable Buffered Equity Notes Linked to the
Lesser Performing of the Dow Jones Industrial
AverageTM and the S&P 500® Index due June 4, 2027
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
●The notes are designed for investors who seek early exit prior to maturity at a premium if, on the Review Date, the closing
level of each of the Dow Jones Industrial AverageTM and the S&P 500® Index, which we refer to as the Indices, is at or above
its Call Value.
●The date on which an automatic call may be initiated is June 9, 2025.
●The notes are also designed for investors who seek an unleveraged exposure to any appreciation of the lesser performing of
the Indices at maturity, if the notes have not been automatically called.
●Investors should be willing to forgo interest and dividend payments and be willing to lose up to 85.00% 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.
●Payments on the notes are not linked to a basket composed of the Indices. Payments on the notes are linked to the
performance of each of the Indices individually, as described below.
●Minimum denominations of $1,000 and integral multiples thereof
●The notes are expected to price on or about May 31, 2024 and are expected to settle on or about June 5, 2024.
●CUSIP: 48135MUJ5
|
|
Price to Public (1)
|
Fees and Commissions (2)
|
Proceeds to Issuer
|
Per note
|
$1,000
|
$
|
$
|
Total
|
$
|
$
|
$
|
(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 it
receives from us to other affiliated or unaffiliated dealers. In no event will these selling commissions exceed $32.50 per $1,000 principal
amount note. See “Plan of Distribution (Conflicts of Interest)” in the accompanying product supplement.
|
Issuer: JPMorgan Chase Financial Company LLC, an indirect,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Dow Jones Industrial AverageTM (Bloomberg ticker:
INDU) and the S&P 500® Index (Bloomberg ticker: SPX)
Call Premium Amount: At least $85.00 per $1,000 principal
amount note (to be provided in the pricing supplement)
Call Value: With respect to each Index, 100.00% of its Initial
Value
Buffer Amount: 15.00%
Pricing Date: On or about May 31, 2024
Original Issue Date (Settlement Date): On or about June 5,
2024
Review Date*: June 9, 2025
Call Settlement Date*: June 12, 2025
Observation Date*: June 1, 2027
Maturity Date*: June 4, 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
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 the Review Date is greater
than or equal to its Call 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 Call Premium Amount,
payable on the Call Settlement Date. No further payments will
be made on the notes.
If the notes are automatically called, you will not benefit from
the feature that provides you with a return at maturity equal to
the Lesser Performing Index Return if the Final Value of each
Index is greater than its Initial Value. Because this feature does
not apply to the payment upon an automatic call, the payment
upon an automatic call may be significantly less than the
payment at maturity for the same level of appreciation in the
Lesser Performing Index.
Payment at Maturity:
If the notes have not been automatically called and the Final
Value of each Index is greater than its Initial Value, your
payment at maturity per $1,000 principal amount note will be
calculated as follows:
$1,000 + ($1,000 × Lesser Performing Index Return)
If the notes have not been automatically called and (i) the Final
Value of one Index is greater than its Initial Value and the Final
Value of the other Index is equal to its Initial Value or is less
than its Initial Value by up to the Buffer Amount or (ii) the Final
Value of each Index is equal to its Initial Value or is less than its
Initial Value by up to the Buffer Amount, you will receive the
principal amount of your notes at maturity.
If the notes have not been automatically called and the Final
Value of either Index is less than its Initial Value by more than
the Buffer Amount, your payment at maturity per $1,000
principal amount note will be calculated as follows:
$1,000 + [$1,000 × (Lesser Performing Index Return + Buffer
Amount)]
If the notes have not been automatically called and the Final
Value of either Index is less than its Initial Value by more than
the Buffer Amount, you will lose some or most of your principal
amount at maturity.
Lesser Performing Index: The Index with the Lesser
Performing Index Return
Lesser Performing Index Return: The lower 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 Observation Date
|
PS-1 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
PS-2 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
Final Value of the Lesser
Performing Index
|
Lesser Performing Index
Return
|
Total Return on the Notes
|
Payment at Maturity
|
165.00
|
65.00%
|
65.00%
|
$1,650.00
|
150.00
|
50.00%
|
50.00%
|
$1,500.00
|
140.00
|
40.00%
|
40.00%
|
$1,400.00
|
130.00
|
30.00%
|
30.00%
|
$1,300.00
|
120.00
|
20.00%
|
20.00%
|
$1,200.00
|
110.00
|
10.00%
|
10.00%
|
$1,100.00
|
105.00
|
5.00%
|
5.00%
|
$1,050.00
|
101.00
|
1.00%
|
1.00%
|
$1,010.00
|
100.00
|
0.00%
|
0.00%
|
$1,000.00
|
95.00
|
-5.00%
|
0.00%
|
$1,000.00
|
90.00
|
-10.00%
|
0.00%
|
$1,000.00
|
85.00
|
-15.00%
|
0.00%
|
$1,000.00
|
80.00
|
-20.00%
|
-5.00%
|
$950.00
|
70.00
|
-30.00%
|
-15.00%
|
$850.00
|
60.00
|
-40.00%
|
-25.00%
|
$750.00
|
50.00
|
-50.00%
|
-35.00%
|
$650.00
|
40.00
|
-60.00%
|
-45.00%
|
$550.00
|
30.00
|
-70.00%
|
-55.00%
|
$450.00
|
20.00
|
-80.00%
|
-65.00%
|
$350.00
|
10.00
|
-90.00%
|
-75.00%
|
$250.00
|
0.00
|
-100.00%
|
-85.00%
|
$150.00
|
PS-3 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
PS-4 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
PS-5 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
PS-6 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
Historical Performance of the Dow Jones Industrial Average™
Source: Bloomberg
|
Historical Performance of the S&P 500® Index
Source: Bloomberg
|
PS-7 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
PS-8 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
PS-9 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
PS-10 | Structured Investments
|
|
Auto Callable Buffered Equity Notes Linked to the Lesser Performing of the Dow Jones
Industrial AverageTM and the S&P 500® Index
|
1 Year JP Morgan Chase Chart |
1 Month JP Morgan Chase Chart |
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