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 AverageTM (Bloomberg
ticker: INDU) and the Russell 2000® Index (Bloomberg ticker:
RTY) (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 $5.8333 (equivalent to a
Contingent Interest Rate of 7.00% per annum, payable at a rate
of 0.58333% per month).
If the closing level of either 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: 7.00% per annum, payable at a rate
of 0.58333% per month
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 26,999.721 for the Dow
Jones Industrial AverageTM and 1,441.7788 for the Russell
2000® Index
Pricing Date: June 3, 2024
Original Issue Date (Settlement Date): On or about June 6,
2024
Review Dates*: July 3, 2024, August 5, 2024, September 3,
2024, October 3, 2024, November 4, 2024, December 3, 2024,
January 3, 2025, February 3, 2025, March 3, 2025, April 3,
2025, May 5, 2025, June 3, 2025, July 3, 2025, August 4, 2025,
September 3, 2025, October 3, 2025, November 3, 2025,
December 3, 2025, January 5, 2026, February 3, 2026, March 3,
2026, April 6, 2026, May 4, 2026, June 3, 2026, July 6, 2026,
August 3, 2026, September 3, 2026, October 5, 2026,
November 3, 2026, December 3, 2026, January 4, 2027,
February 3, 2027, March 3, 2027, April 5, 2027, May 3, 2027
and June 3, 2027 (the “final Review Date”)
Interest Payment Dates*: July 9, 2024, August 8, 2024,
September 6, 2024, October 8, 2024, November 7, 2024,
December 6, 2024, January 8, 2025, February 6, 2025, March 6,
2025, April 8, 2025, May 8, 2025, June 6, 2025, July 9, 2025,
August 7, 2025, September 8, 2025, October 8, 2025,
November 6, 2025, December 8, 2025, January 8, 2026,
February 6, 2026, March 6, 2026, April 9, 2026, May 7, 2026,
June 8, 2026, July 9, 2026, August 6, 2026, September 9, 2026,
October 8, 2026, November 6, 2026, December 8, 2026,
January 7, 2027, February 8, 2027, March 8, 2027, April 8,
2027, May 6, 2027 and the Maturity Date
Maturity Date*: June 8, 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
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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, third, fourth, fifth 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 applicable to the final Review Date.
If the notes have not been redeemed early and the Final Value
of either 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 × Lesser Performing Index Return)
If the notes have not been redeemed early and the Final Value
of either 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.
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, which was 38,571.03 for the Dow
Jones Industrial AverageTM and 2,059.684 for the Russell 2000®
Index
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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