Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Underlyings: The Russell 2000
®
Index (Bloomberg ticker:
RTY) (the “Index”) and the SPDR
®
S&P
®
Regional Banking
ETF (Bloomberg ticker: KRE) and the Technology Select
Sector SPDR
®
Fund (Bloomberg ticker: XLK) (each a “Fund”
and collectively, the “Funds”) (each of the Index and the
Funds, an “Underlying” and collectively, the “Underlyings”)
Contingent Interest Payments:
If the notes have not been automatically called and the
closing value of each Underlying 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
$7.75 (equivalent to a Contingent Interest Rate of 9.30% per
annum, payable at a rate of 0.775% per month).
If the closing value of any Underlying 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: 9.30% per annum, payable at a
rate of 0.775% per month
Interest Barrier: With respect to each Underlying, 70.00% of
its Initial Value, which is 1,445.0114 for the Russell 2000
®
Index, $36.729 for the SPDR
®
S&P
®
Regional Banking ETF
and $140.413 for the Technology Select Sector SPDR
®
Fund
Trigger Value: With respect to each Underlying, 60.00% of its
Initial Value, which is 1,238.5812 for the Russell 2000
®
Index,
$31.482 for the SPDR
®
S&P
®
Regional Banking ETF and
$120.354 for the Technology Select Sector SPDR
®
Fund
Pricing Date: August 6, 2024
Original Issue Date (Settlement Date): On or about August
9, 2024
Review Dates*: September 6, 2024, October 7, 2024,
November 6, 2024, December 6, 2024, January 6, 2025,
February 6, 2025, March 6, 2025, April 7, 2025, May 6, 2025,
June 6, 2025, July 7, 2025, August 6, 2025, September 8,
2025, October 6, 2025, November 6, 2025, December 8,
2025, January 6, 2026, February 6, 2026, March 6, 2026,
April 6, 2026, May 6, 2026, June 8, 2026 and July 6, 2026
(final Review Date)
Interest Payment Dates*: September 11, 2024, October 10,
2024, November 12, 2024, December 11, 2024, January 9,
2025, February 11, 2025, March 11, 2025, April 10, 2025,
May 9, 2025, June 11, 2025, July 10, 2025, August 11, 2025,
September 11, 2025, October 9, 2025, November 12, 2025,
December 11, 2025, January 9, 2026, February 11, 2026,
March 11, 2026, April 9, 2026, May 11, 2026, June 11, 2026
and the Maturity Date
Maturity Date*: July 9, 2026
Call Settlement Date*: If the notes are automatically called
on any Review Date (other than the first, second 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
Automatic Call:
If the closing value of each Underlying on any Review Date
(other than the first, second 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 Underlying 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 automatically called and the Final
Value of any Underlying 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 Underlying Return)
If the notes have not been automatically called and the Final
Value of any Underlying is less than its Trigger Value, you will
lose more than 40.00% of your principal amount at maturity
and could lose all of your principal amount at maturity.
Least Performing Underlying: The Underlying with the Least
Performing Underlying Return
Least Performing Underlying Return: The lowest of the
Underlying Returns of the Underlyings
Underlying Return: With respect to each Underlying,
(Final Value – Initial Value)
Initial Value
Initial Value: With respect to each Underlying, the closing
value of that Underlying on the Pricing Date, which was
2,064.302 for the Russell 2000
®
Index, $52.47 for the SPDR
®
S&P
®
Regional Banking ETF and $200.59 for the Technology
Select Sector SPDR
®
Fund
Final Value: With respect to each Underlying, the closing
value of that Underlying on the final Review Date
Share Adjustment Factor: With respect to each Fund, the
Share Adjustment Factor is referenced in determining the
closing value of that Fund and is set equal to 1.0 on the
Pricing Date. The Share Adjustment Factor of each Fund is
subject to adjustment upon the occurrence of certain events
affecting that Fund. See “The Underlyings – Funds – Anti-
Dilution Adjustments” in the accompanying product
supplement for further information.