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 $9.1667
(equivalent to a Contingent Interest Rate of 11.00% per annum,
payable at a rate of 0.91667% 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: 11.00% per annum, payable at a
rate of 0.91667% per month
Interest Barrier: With respect to each Underlying, 80.00% of its
Initial Value, which is 8,496.52 for the Nasdaq-100
®
Technology
Sector Index
SM
, 4,444.592 for the S&P 500
®
Index and $180.16
for the Technology Select Sector SPDR
®
Fund
Trigger Value: With respect to each Underlying, 70.00% of its
Initial Value, which is 7,434.455 for the Nasdaq-100
®
Technology Sector Index
SM
, 3,889.018 for the S&P 500
®
Index
and $157.64 for the Technology Select Sector SPDR
®
Fund
Pricing Date: July 23, 2024
Original Issue Date (Settlement Date): On or about July 26,
2024
Review Dates*: August 23, 2024, September 23, 2024,
October 23, 2024, November 25, 2024, December 23, 2024,
January 23, 2025, February 24, 2025, March 24, 2025, April 23,
2025, May 23, 2025, June 23, 2025, July 23, 2025, August 25,
2025, September 23, 2025, October 23, 2025, November 24,
2025, December 23, 2025, January 23, 2026, February 23,
2026, March 23, 2026, April 23, 2026, May 26, 2026, June 23,
2026, July 23, 2026, August 24, 2026, September 23, 2026,
October 23, 2026, November 23, 2026, December 23, 2026,
January 25, 2027, February 23, 2027, March 23, 2027, April 23,
2027, May 24, 2027, June 23, 2027, July 23, 2027, August 23,
2027, September 23, 2027, October 25, 2027, November 23,
2027, December 23, 2027, January 24, 2028, February 23,
2028, March 23, 2028, April 24, 2028, May 23, 2028, June 23,
2028 and July 24, 2028 (the “final Review Date”)
Interest Payment Dates*: August 28, 2024, September 26,
2024, October 28, 2024, November 29, 2024, December 27,
2024, January 28, 2025, February 27, 2025, March 27, 2025,
April 28, 2025, May 29, 2025, June 26, 2025, July 28, 2025,
August 28, 2025, September 26, 2025, October 28, 2025,
November 28, 2025, December 29, 2025, January 28, 2026,
February 26, 2026, March 26, 2026, April 28, 2026, May 29,
2026, June 26, 2026, July 28, 2026, August 27, 2026,
September 28, 2026, October 28, 2026, November 27, 2026,
December 29, 2026, January 28, 2027, February 26, 2027,
March 29, 2027, April 28, 2027, May 27, 2027, June 28, 2027,
July 28, 2027, August 26, 2027, September 28, 2027, October
28, 2027, November 29, 2027, December 29, 2027, January 27,
2028, February 28, 2028, March 28, 2028, April 27, 2028, May
26, 2028, June 28, 2028 and the Maturity Date
Maturity Date*: July 27, 2028
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, which was 10,620.65 for
the Nasdaq-100
®
Technology Sector Index
SM
, 5,555.74 for the
S&P 500
®
Index and $225.20 for the Technology 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.
*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