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 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 $7.1667 (equivalent to a
Contingent Interest Rate of 8.60% per annum, payable at a rate
of 0.71667% 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: 8.60% per annum, payable at a rate
of 0.71667% per month
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 7,530.39 for the
Nasdaq-100® Technology Sector IndexSM, 1,567.7683 for the
Russell 2000® Index and 3,911.789 for the S&P 500® Index
Pricing Date: July 17, 2024
Original Issue Date (Settlement Date): On or about July 22,
2024
Review Dates*: August 19, 2024, September 17, 2024, October
17, 2024, November 18, 2024, December 17, 2024, January 17,
2025, February 18, 2025, March 17, 2025, April 17, 2025, May
19, 2025, June 17, 2025, July 17, 2025, August 18, 2025,
September 17, 2025, October 17, 2025, November 17, 2025,
December 17, 2025, January 20, 2026, February 17, 2026,
March 17, 2026, April 17, 2026, May 18, 2026, June 17, 2026,
July 17, 2026, August 17, 2026, September 17, 2026, October
19, 2026, November 17, 2026, December 17, 2026, January 19,
2027, February 17, 2027, March 17, 2027, April 19, 2027, May
17, 2027, June 17, 2027, July 19, 2027, August 17, 2027,
September 17, 2027, October 18, 2027, November 17, 2027,
December 17, 2027, January 18, 2028, February 17, 2028,
March 17, 2028, April 17, 2028, May 17, 2028, June 20, 2028,
July 17, 2028, August 17, 2028, September 18, 2028, October
17, 2028, November 17, 2028, December 18, 2028, January 17,
2029, February 20, 2029, March 19, 2029, April 17, 2029, May
17, 2029, June 18, 2029 and July 17, 2029 (the “final Review
Date”)
Interest Payment Dates*: August 22, 2024, September 20,
2024, October 22, 2024, November 21, 2024, December 20,
2024, January 23, 2025, February 21, 2025, March 20, 2025,
April 23, 2025, May 22, 2025, June 23, 2025, July 22, 2025,
August 21, 2025, September 22, 2025, October 22, 2025,
November 20, 2025, December 22, 2025, January 23, 2026,
February 20, 2026, March 20, 2026, April 22, 2026, May 21,
2026, June 23, 2026, July 22, 2026, August 20, 2026,
September 22, 2026, October 22, 2026, November 20, 2026,
December 22, 2026, January 22, 2027, February 22, 2027,
March 22, 2027, April 22, 2027, May 20, 2027, June 23, 2027,
July 22, 2027, August 20, 2027, September 22, 2027, October
21, 2027, November 22, 2027, December 22, 2027, January 21,
2028, February 23, 2028, March 22, 2028, April 20, 2028, May
22, 2028, June 23, 2028, July 20, 2028, August 22, 2028,
September 21, 2028, October 20, 2028, November 22, 2028,
December 21, 2028, January 22, 2029, February 23, 2029,
March 22, 2029, April 20, 2029, May 22, 2029, June 22, 2029
and the Maturity Date
Maturity Date*: July 20, 2029
|
|
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 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 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, which was 10,757.70 for the
Nasdaq-100® Technology Sector IndexSM, 2,239.669 for the
Russell 2000® Index and 5,588.27 for the S&P 500® Index
Final Value: With respect to each Index, the closing level of that
Index on the final 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
|