Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Reference Stock: The Class A subordinate voting shares of Shopify Inc., no par value (Bloomberg ticker: SHOP). We refer to Shopify Inc. as “Shopify.”
Contingent Interest Payments: If the notes have not been automatically called and the closing price of one share of the Reference Stock on any Review Date is greater than or equal to the 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 $13.875 (equivalent to a Contingent Interest Rate of at least 16.65% per annum, payable at a rate of at least 1.3875% per month) (to be provided in the pricing supplement).
If the closing price of one share of the Reference Stock on any Review Date is less than the Interest Barrier, no Contingent Interest Payment will be made with respect to that Review Date.
Contingent Interest Rate: At least 16.65% per annum, payable at a rate of at least 1.3875% per month (to be provided in the pricing supplement)
Interest Barrier / Trigger Value: 63.00% of the Initial Value
Pricing Date: On or about July 19, 2024
Original Issue Date (Settlement Date): On or about July 24, 2024
Review Dates*: August 19, 2024, September 19, 2024, October 21, 2024, November 19, 2024, December 19, 2024, January 21, 2025, February 19, 2025, March 19, 2025, April 21, 2025, May 19, 2025, June 20, 2025, July 21, 2025, August 19, 2025, September 19, 2025 and October 20, 2025 (final Review Date)
Interest Payment Dates*: August 22, 2024, September 24, 2024, October 24, 2024, November 22, 2024, December 24, 2024, January 24, 2025, February 24, 2025, March 24, 2025, April 24, 2025, May 22, 2025, June 25, 2025, July 24, 2025, August 22, 2025, September 24, 2025 and the Maturity Date
Maturity Date*: October 23, 2025
Call Settlement Date*: If the notes are automatically called on any Review Date (other than the first through fifth 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 a Single Underlying — Notes Linked to a Single Underlying (Other Than a Commodity Index)” and “General Terms of Notes — Postponement of a Payment Date” in the accompanying product supplement
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