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 $7.625
(equivalent to a Contingent Interest Rate of at least 9.15% per
annum, payable at a rate of at least 0.7625% 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 9.15% per annum, payable
at a rate of at least 0.7625% 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 25, 2024
Original Issue Date (Settlement Date): On or about July 30,
2024
Review Dates*: August 26, 2024, September 25, 2024,
October 25, 2024, November 25, 2024, December 26, 2024,
January 27, 2025, February 25, 2025, March 25, 2025, April 25,
2025, May 27, 2025, June 25, 2025, July 25, 2025, August 25,
2025, September 25, 2025, October 27, 2025, November 25,
2025, December 26, 2025, January 26, 2026, February 25,
2026, March 25, 2026, April 27, 2026, May 26, 2026, June 25,
2026, July 27, 2026, August 25, 2026, September 25, 2026,
October 26, 2026, November 25, 2026, December 28, 2026,
January 25, 2027, February 25, 2027, March 25, 2027, April 26,
2027, May 25, 2027, June 25, 2027 and July 26, 2027 (the “final
Review Date”)
Interest Payment Dates*: August 29, 2024, September 30,
2024, October 30, 2024, November 29, 2024, December 31,
2024, January 30, 2025, February 28, 2025, March 28, 2025,
April 30, 2025, May 30, 2025, June 30, 2025, July 30, 2025,
August 28, 2025, September 30, 2025, October 30, 2025,
December 1, 2025, December 31, 2025, January 29, 2026,
March 2, 2026, March 30, 2026, April 30, 2026, May 29, 2026,
June 30, 2026, July 30, 2026, August 28, 2026, September 30,
2026, October 29, 2026, December 1, 2026, December 31,
2026, January 28, 2027, March 2, 2027, March 31, 2027, April
29, 2027, May 28, 2027, June 30, 2027 and the Maturity Date
Maturity Date*: July 29, 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, 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