Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The NASDAQ-100 Index® (Bloomberg ticker: NDX), the
Russell 2000® Index (Bloomberg ticker: RTY) and the S&P 500®
Index (Bloomberg ticker: SPX) (each an “Index” and collectively,
the “Indices”)
Contingent Interest Payments:
If the notes have not been previously redeemed early and the
closing level of each Index 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 $6.1667
(equivalent to a Contingent Interest Rate of at least 7.40% per
annum, payable at a rate of at least 0.61667% per month) (to be
provided in the pricing supplement).
If the closing level of any Index 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 7.40% per annum, payable
at a rate of at least 0.61667% per month (to be provided in the
pricing supplement)
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value
Pricing Date: On or about July 15, 2024
Original Issue Date (Settlement Date): On or about July 18,
2024
Review Dates*: August 15, 2024, September 16, 2024, October
15, 2024, November 15, 2024, December 16, 2024, January 15,
2025, February 18, 2025, March 17, 2025, April 15, 2025, May
15, 2025, June 16, 2025, July 15, 2025, August 15, 2025,
September 15, 2025, October 15, 2025, November 17, 2025,
December 15, 2025, January 15, 2026, February 17, 2026,
March 16, 2026, April 15, 2026, May 15, 2026, June 15, 2026,
July 15, 2026, August 17, 2026, September 15, 2026, October
15, 2026, November 16, 2026, December 15, 2026, January 15,
2027, February 16, 2027, March 15, 2027, April 15, 2027, May
17, 2027, June 15, 2027 and July 15, 2027 (the “final Review
Date”)
Interest Payment Dates*: August 20, 2024, September 19,
2024, October 18, 2024, November 20, 2024, December 19,
2024, January 21, 2025, February 21, 2025, March 20, 2025,
April 21, 2025, May 20, 2025, June 20, 2025, July 18, 2025,
August 20, 2025, September 18, 2025, October 20, 2025,
November 20, 2025, December 18, 2025, January 21, 2026,
February 20, 2026, March 19, 2026, April 20, 2026, May 20,
2026, June 18, 2026, July 20, 2026, August 20, 2026,
September 18, 2026, October 20, 2026, November 19, 2026,
December 18, 2026, January 21, 2027, February 19, 2027,
March 18, 2027, April 20, 2027, May 20, 2027, June 21, 2027
and the Maturity Date
Maturity Date*: July 20, 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
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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, second, third, fourth, fifth 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 Index 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 redeemed early and the Final Value
of any Index 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 Index Return)
If the notes have not been redeemed early and the Final Value
of any Index 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 Index: The Index with the Least Performing
Index Return
Least Performing Index Return: The lowest of the Index
Returns of the Indices
Index Return:
With respect to each Index,
(Final Value – Initial Value)
Initial Value
Initial Value: With respect to each Index, the closing level of
that Index on the Pricing Date
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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