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 $17.75 (equivalent to a
Contingent Interest Rate of 7.10% per annum, payable at a rate
of 1.775% per quarter).
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: 7.10% per annum, payable at a rate
of 1.775% per quarter
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 7,513.485 for the
Nasdaq-100® Technology Sector IndexSM, 1,412.1737 for the
Russell 2000® Index and 3,831.219 for the S&P 500® Index
Pricing Date: June 20, 2024
Original Issue Date (Settlement Date): On or about June 25,
2024
Review Dates*: September 20, 2024, December 20, 2024,
March 20, 2025, June 20, 2025, September 22, 2025,
December 22, 2025, March 20, 2026, June 22, 2026,
September 21, 2026, December 21, 2026, March 22, 2027,
June 21, 2027, September 20, 2027, December 20, 2027,
March 20, 2028, June 20, 2028, September 20, 2028,
December 20, 2028, March 20, 2029 and June 20, 2029 (final
Review Date)
Interest Payment Dates*: September 25, 2024, December 26,
2024, March 25, 2025, June 25, 2025, September 25, 2025,
December 26, 2025, March 25, 2026, June 25, 2026,
September 24, 2026, December 24, 2026, March 25, 2027,
June 24, 2027, September 23, 2027, December 23, 2027,
March 23, 2028, June 23, 2028, September 25, 2028,
December 26, 2028, March 23, 2029 and the Maturity Date
Maturity Date*: June 25, 2029
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first, second, third 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, second, third 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, which was 10,733.55 for the
Nasdaq-100® Technology Sector IndexSM, 2,017.391 for the
Russell 2000® Index and 5,473.17 for the S&P 500® Index
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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