![](https://www.sec.gov/Archives/edgar/data/1665650/000121390024065693/bg2.jpg)
PS-1| Structured Investments
Callable Contingent Interest Notes Linked to the Least Performing of the
Nasdaq-100
®
Technology Sector Index
SM
, the Russell 2000
®
Index and the
S&P 500
®
Index
Key Terms
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 $6.6667 (equivalent to a
Contingent Interest Rate of 8.00% per annum, payable at a rate
of 0.66667% 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: 8.00% per annum, payable at a rate
of 0.66667% per month
Interest Barrier: With respect to each Index, 70.00% of its
Initial Value, which is 6,637.057 for the Nasdaq-100
®
Technology Sector Index
SM
, 1,476.517 for the Russell 2000
®
Index and 3,742.592 for the S&P 500
®
Index
Trigger Value: With respect to each Index, 65.00% of its Initial
Value, which is 6,162.9815 for the Nasdaq-100
®
Technology
Sector Index
SM
, 1,371.0515 for the Russell 2000
®
Index and
3,475.264 for the S&P 500
®
Index
Pricing Date: August 2, 2024
Original Issue Date (Settlement Date): On or about August 7,
2024
Review Dates*: September 3, 2024, October 2, 2024,
November 4, 2024, December 2, 2024, January 2, 2025,
February 3, 2025, March 3, 2025, April 2, 2025, May 2, 2025,
June 2, 2025, July 2, 2025, August 4, 2025, September 2,
2025, October 2, 2025, November 3, 2025, December 2, 2025,
January 2, 2026, February 2, 2026, March 2, 2026, April 2,
2026, May 4, 2026, June 2, 2026 and July 2, 2026 (the “final
Review Date”)
Interest Payment Dates*: September 6, 2024, October 7,
2024, November 7, 2024, December 5, 2024, January 7, 2025,
February 6, 2025, March 6, 2025, April 7, 2025, May 7, 2025,
June 5, 2025, July 8, 2025, August 7, 2025, September 5,
2025, October 7, 2025, November 6, 2025, December 5, 2025,
January 7, 2026, February 5, 2026, March 5, 2026, April 8,
2026, May 7, 2026, June 5, 2026 and the Maturity Date
Maturity Date*: July 8, 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
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 35.00% 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, which was 9,481.51 for the
Nasdaq-100
®
Technology Sector Index
SM
, 2,109.310 for the
Russell 2000
®
Index and 5,346.56 for the S&P 500
®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date