Issuer: 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 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 $5.8333 (equivalent to a
Contingent Interest Rate of 7.00% per annum, payable at a rate
of 0.58333% 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: 7.00% per annum, payable at a rate
of 0.58333% per month
Interest Barrier: With respect to each Index, 70.00% of its
Initial Value, which is 13,322.673 for the NASDAQ-100 Index
®
,
1,536.7611 for the Russell 2000
®
Index and 3,798.991 for the
S&P 500
®
Index
Trigger Value: With respect to each Index, 65.00% of its Initial
Value, which is 12,371.0535 for the NASDAQ-100 Index
®
,
1,426.99245 for the Russell 2000
®
Index and 3,527.6345 for the
S&P 500
®
Index
Pricing Date: July 24, 2024
Original Issue Date (Settlement Date): On or about July 29,
2024
Review Dates*: 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, April 24, 2026, May 26, 2026, June 24,
2026, July 24, 2026, August 24, 2026, September 24, 2026,
October 26, 2026, November 24, 2026, December 24, 2026,
January 25, 2027, February 24, 2027, March 24, 2027, April 26,
2027, May 24, 2027, June 24, 2027, July 26, 2027, August 24,
2027, September 24, 2027, October 25, 2027, November 24,
2027, December 27, 2027, January 24, 2028, February 24,
2028, March 24, 2028, April 24, 2028, May 24, 2028, June 26,
2028, July 24, 2028, August 24, 2028, September 25, 2028,
October 24, 2028, November 24, 2028, December 26, 2028,
January 24, 2029, February 26, 2029, March 26, 2029, April 24,
2029, May 24, 2029, June 25, 2029 and July 24, 2029 (the “final
Review Date”)
Interest Payment Dates*: 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, April 29, 2026, May 29,
2026, June 29, 2026, July 29, 2026, August 27, 2026,
September 29, 2026, October 29, 2026, November 30, 2026,
December 30, 2026, January 28, 2027, March 1, 2027, March
30, 2027, April 29, 2027, May 27, 2027, June 29, 2027, July 29,
2027, August 27, 2027, September 29, 2027, October 28, 2027,
November 30, 2027, December 30, 2027, January 27, 2028,
February 29, 2028, March 29, 2028, April 27, 2028, May 30,
2028, June 29, 2028, July 27, 2028, August 29, 2028,
September 28, 2028, October 27, 2028, November 29, 2028,
December 29, 2028, January 29, 2029, March 1, 2029, March
29, 2029, April 27, 2029, May 30, 2029, June 28, 2029 and the
Maturity Date
Maturity Date*: July 27, 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 through eleventh 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, if any, 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 35.00% 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 19,032.39 for the
NASDAQ-100 Index
®
, 2,195.373 for the Russell 2000
®
Index
and 5,427.13 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