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 IndexSM
(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 automatically called 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 at least $6.125 (equivalent
to a Contingent Interest Rate of at least 7.35% per annum,
payable at a rate of at least 0.6125% per month) (to be provided
in the pricing supplement).
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: At least 7.35% per annum, payable
at a rate of at least 0.6125% per month (to be provided in the
pricing supplement)
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its 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, October 20, 2025, November 19, 2025,
December 19, 2025, January 20, 2026, February 19, 2026,
March 19, 2026 and April 20, 2026 (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, October 23, 2025,
November 24, 2025, December 24, 2025, January 23, 2026,
February 24, 2026, March 24, 2026 and the Maturity Date
Maturity Date*: April 23, 2026
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first through eighth 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 Multiple Underlyings” and
“General Terms of Notes — Postponement of a Payment Date” in the
accompanying product supplement
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Automatic Call:
If the closing level of each Index on any Review Date (other than
the first through eighth and final Review Dates) is greater than
or equal to its Initial 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 Contingent Interest Payment
applicable to that Review Date, payable on the applicable Call
Settlement Date. No further payments will be made on the
notes.
Payment at Maturity:
If the notes have not been automatically called 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 automatically called 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 automatically called and the Final
Value of any 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.
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
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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