Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Underlyings: The Nasdaq-100
®
Technology Sector Index
SM
(Bloomberg ticker: NDXT) and the S&P 500
®
Index (Bloomberg
ticker: SPX) (each an “Index” and collectively, the “Indices”) and
the Technology Select Sector SPDR
®
Fund (Bloomberg ticker:
XLK) (the “Fund”) (each of the Indices and the Fund, an
“Underlying” and collectively, the “Underlyings”)
Contingent Interest Payments:
If the notes have not been previously redeemed early 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 at least
$10.00 (equivalent to a Contingent Interest Rate of at least
12.00% per annum, payable at a rate of at least 1.00% per
month) (to be provided in the pricing supplement).
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: At least 12.00% per annum, payable
at a rate of at least 1.00% per month (to be provided in the
pricing supplement)
Interest Barrier: With respect to each Underlying, 80.00% of its
Initial Value
Trigger Value: With respect to each Underlying, 70.00% of its
Initial Value
Pricing Date: On or about August 14, 2024
Original Issue Date (Settlement Date): On or about August
19, 2024
Review Dates*: September 16, 2024, October 14, 2024,
November 14, 2024, December 16, 2024, January 14, 2025,
February 14, 2025, March 14, 2025, April 14, 2025, May 14,
2025, June 16, 2025, July 14, 2025, August 14, 2025,
September 15, 2025, October 14, 2025, November 14, 2025,
December 15, 2025, January 14, 2026, February 17, 2026,
March 16, 2026, April 14, 2026, May 14, 2026, June 15, 2026,
July 14, 2026, August 14, 2026, September 14, 2026, October
14, 2026, November 16, 2026, December 14, 2026, January 14,
2027, February 16, 2027, March 15, 2027, April 14, 2027, May
14, 2027, June 14, 2027, July 14, 2027 and August 16, 2027
(the “final Review Date”)
Interest Payment Dates*: September 19, 2024, October 17,
2024, November 19, 2024, December 19, 2024, January 17,
2025, February 20, 2025, March 19, 2025, April 17, 2025, May
19, 2025, June 20, 2025, July 17, 2025, August 19, 2025,
September 18, 2025, October 17, 2025, November 19, 2025,
December 18, 2025, January 20, 2026, February 20, 2026,
March 19, 2026, April 17, 2026, May 19, 2026, June 18, 2026,
July 17, 2026, August 19, 2026, September 17, 2026, October
19, 2026, November 19, 2026, December 17, 2026, January 20,
2027, February 19, 2027, March 18, 2027, April 19, 2027, May
19, 2027, June 17, 2027, July 19, 2027 and the Maturity Date
Maturity Date*: August 19, 2027
*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
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 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 redeemed early 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 redeemed early and the Final Value
of any Underlying 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 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
Final Value: With respect to each Underlying, the closing value
of that Underlying on the final Review Date
Share Adjustment Factor: The Share Adjustment Factor is
referenced in determining the closing value of the Fund and is
set equal to 1.0 on the Pricing Date. The Share Adjustment
Factor is subject to adjustment upon the occurrence of certain
events affecting the Fund. See “The Underlyings – Funds –
Anti-Dilution Adjustments” in the accompanying product
supplement for further information.