Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Underlyings: The Dow Jones Industrial Average
®
(Bloomberg ticker: INDU) and the S&P 500
®
Index
(Bloomberg ticker: SPX) (each an “Index” and collectively, the
“Indices”) and the Utilities Select Sector SPDR
®
Fund
(Bloomberg ticker: XLU) (the “Fund”) (each of the Indices and
the Fund, 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
$6.125 (equivalent to a Contingent Interest Rate of 7.35% per
annum, payable at a rate of 0.6125% 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: 7.35% per annum, payable at a
rate of 0.6125% per month
Interest Barrier/Trigger Value: With respect to each
Underlying, 70.00% of its Initial Value, which is 27,835.948 for
the Dow Jones Industrial Average
®
, 3,804.101 for the S&P
500
®
Index and $51.919 for the Utilities Select Sector SPDR
®
Fund
Pricing Date: August 13, 2024
Original Issue Date (Settlement Date): On or about August
16, 2024
Review Dates*: September 13, 2024, October 14, 2024,
November 13, 2024, December 13, 2024, January 13, 2025,
February 13, 2025, March 13, 2025, April 14, 2025, May 13,
2025, June 13, 2025, July 14, 2025, August 13, 2025,
September 15, 2025, October 13, 2025, November 13, 2025,
December 15, 2025, January 13, 2026 and February 13, 2026
(final Review Date)
Interest Payment Dates*: September 18, 2024, October 17,
2024, November 18, 2024, December 18, 2024, January 16,
2025, February 19, 2025, March 18, 2025, April 17, 2025,
May 16, 2025, June 18, 2025, July 17, 2025, August 18,
2025, September 18, 2025, October 16, 2025, November 18,
2025, December 18, 2025, January 16, 2026 and the Maturity
Date
Maturity Date*: February 19, 2026
Call Settlement Date*: If the notes are automatically called
on any Review Date (other than the first, second, third, fourth,
fifth 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, third, fourth, fifth 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 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 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, which was
39,765.64 for the Dow Jones Industrial Average
®
, 5,434.43 for
the S&P 500
®
Index and $74.17 for the Utilities 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: 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.