PS-1| Structured Investments
Auto Callable Contingent Interest Notes Linked to the Least Performing of
the NASDAQ-100 Index
®
, the Russell 2000
®
Index and the S&P 500
®
Index
Key Terms
JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The NASDAQ-100 Index
®
(Bloomberg ticker: NDX),
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 $6.6667
(equivalent to a Contingent Interest Rate of 8.00% per annum,
payable at a rate of 0.66667% 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: 8.00% per annum, payable at a
rate of 0.66667% per month
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 12,654.544 for the
NASDAQ-100 Index
®
, 1,445.0114 for the Russell 2000
®
Index
and 3,668.021 for the S&P 500
®
Index
Pricing Date: August 6, 2024
Original Issue Date (Settlement Date): On or about August
9, 2024
Review Dates*: As specified under “Key Terms Relating to
the Review Dates and Interest Payment Dates” in this pricing
supplement
Interest Payment Dates*: As specified under “Key Terms
Relating to the Review Dates and Interest Payment Dates” in
this pricing supplement
Maturity Date*: August 11, 2027
Call Settlement Date*: If the notes are automatically called
on any Review Date (other than the first through eleventh 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
If the closing level of each Index on any Review Date (other
than the first through eleventh 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 18,077.92 for the
NASDAQ-100 Index
®
, 2,064.302 for the Russell 2000
®
Index
and 5,240.03 for the S&P 500
®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date