Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Index: The MerQube US Large-Cap Vol Advantage Index
(Bloomberg ticker: MQUSLVA). The level of the Index reflects a
deduction of 6.0% per annum that accrues daily.
Contingent Interest Payments:
If the notes have not been automatically called and the closing
level of the Index on any Review Date is greater than or equal to
the Interest Barrier, you will receive on the applicable Interest
Payment Date for each $1,000 principal amount note a
Contingent Interest Payment equal to $26.875 (equivalent to a
Contingent Interest Rate of 10.75% per annum, payable at a
rate of 2.6875% per quarter).
If the closing level of the Index on any Review Date is less than
the Interest Barrier, no Contingent Interest Payment will be
made with respect to that Review Date.
Contingent Interest Rate: 10.75% per annum, payable at a
rate of 2.6875% per quarter
Interest Barrier: 60.00% of the Initial Value, which is 2,335.524
Trigger Value: 50.00% of the Initial Value, which is 1,946.27
Pricing Date: June 26, 2024
Original Issue Date (Settlement Date): On or about June 28,
2024
Review Dates*: September 26, 2024, December 26, 2024,
March 26, 2025, June 26, 2025, September 26, 2025,
December 26, 2025, March 26, 2026, June 26, 2026,
September 28, 2026, December 28, 2026, March 29, 2027,
June 28, 2027, September 27, 2027, December 27, 2027,
March 27, 2028, June 26, 2028, September 26, 2028,
December 26, 2028, March 26, 2029 and June 26, 2029 (final
Review Date)
Interest Payment Dates*: October 1, 2024, December 31,
2024, March 31, 2025, July 1, 2025, October 1, 2025, December
31, 2025, March 31, 2026, July 1, 2026, October 1, 2026,
December 31, 2026, April 1, 2027, July 1, 2027, September 30,
2027, December 30, 2027, March 30, 2028, June 29, 2028,
September 29, 2028, December 29, 2028, March 29, 2029 and
the Maturity Date
Maturity Date*: June 29, 2029
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first 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 “Supplemental Terms of the Notes — Postponement
of a Determination Date — Notes Linked Solely to an Index” in the
accompanying underlying supplement 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 the Index on any Review Date (other than
the first and final Review Dates) is greater than or equal to the
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 is greater than or equal to the 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 automatically called and the Final
Value is less than the Trigger Value, your payment at maturity
per $1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Index Return)
If the notes have not been automatically called and the Final
Value is less than the Trigger Value, you will lose more than
50.00% of your principal amount at maturity and could lose all of
your principal amount at maturity.
Index Return:
(Final Value – Initial Value)
Initial Value
Initial Value: The closing level of the Index on the Pricing Date,
which was 3,892.54
Final Value: The closing level of the Index on the final Review
Date
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