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 at least $12.5833
(equivalent to a Contingent Interest Rate of at least 15.10% per
annum, payable at a rate of at least 1.25833% per month) (to be
provided in the pricing supplement).
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: At least 15.10% per annum, payable
at a rate of at least 1.25833% per month (to be provided in the
pricing supplement)
Interest Barrier/Trigger Value: 70.00% of the Initial Value
Pricing Date: On or about July 22, 2024
Original Issue Date (Settlement Date): On or about July 25,
2024
Review Dates*: August 22, 2024, September 23, 2024, October
22, 2024, November 22, 2024, December 23, 2024, January 22,
2025, February 24, 2025, March 24, 2025, April 22, 2025, May
22, 2025, June 23, 2025, July 22, 2025, August 22, 2025,
September 22, 2025, October 22, 2025, November 24, 2025,
December 22, 2025, January 22, 2026, February 23, 2026,
March 23, 2026, April 22, 2026, May 22, 2026, June 22, 2026
and July 22, 2026 (final Review Date)
Interest Payment Dates*: August 27, 2024, September 26,
2024, October 25, 2024, November 27, 2024, December 27,
2024, January 27, 2025, February 27, 2025, March 27, 2025,
April 25, 2025, May 28, 2025, June 26, 2025, July 25, 2025,
August 27, 2025, September 25, 2025, October 27, 2025,
November 28, 2025, December 26, 2025, January 27, 2026,
February 26, 2026, March 26, 2026, April 27, 2026, May 28,
2026, June 25, 2026 and the Maturity Date
Maturity Date*: July 27, 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 “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, second, third, fourth, fifth 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 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
30.00% 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
Final Value: The closing level of the Index on the final Review
Date
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