Issuer: JPMorgan Chase Financial Company LLC, an indirect,
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 at least $8.4583
(equivalent to a Contingent Interest Rate of at least 10.15% per
annum, payable at a rate of at least 0.84583% 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 10.15% per annum, payable
at a rate of at least 0.84583% 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 May 24, 2024
Original Issue Date (Settlement Date): On or about May 30,
2024
Review Dates*: June 24, 2024, July 24, 2024, August 26, 2024,
September 24, 2024, October 24, 2024, November 25, 2024,
December 24, 2024, January 24, 2025, February 24, 2025,
March 24, 2025, April 24, 2025, May 27, 2025, June 24, 2025,
July 24, 2025, August 25, 2025, September 24, 2025, October
24, 2025, November 24, 2025, December 24, 2025, January 26,
2026, February 24, 2026, March 24, 2026 and April 24, 2026
(the “final Review Date”)
Interest Payment Dates*: June 27, 2024, July 29, 2024, August
29, 2024, September 27, 2024, October 29, 2024, November
29, 2024, December 30, 2024, January 29, 2025, February 27,
2025, March 27, 2025, April 29, 2025, May 30, 2025, June 27,
2025, July 29, 2025, August 28, 2025, September 29, 2025,
October 29, 2025, November 28, 2025, December 30, 2025,
January 29, 2026, February 27, 2026, March 27, 2026 and the
Maturity Date
Maturity Date*: April 29, 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
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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 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
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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