Issuer: JPMorgan Chase Financial Company LLC, an indirect,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Underlyings: The Nasdaq-100® Technology Sector IndexSM
(Bloomberg ticker: NDXT) and the Russell 2000® Index
(Bloomberg ticker: RTY) (each an “Index” and collectively, the
“Indices”) and the VanEck® Gold Miners ETF (Bloomberg ticker:
GDX) (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 $7.50
(equivalent to a Contingent Interest Rate of 9.00% per annum,
payable at a rate of 0.75% 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: 9.00% per annum, payable at a rate
of 0.75% per month
Interest Barrier: With respect to each Underlying, 55.00% of its
Initial Value, which is 5,730.615 for the Nasdaq-100®
Technology Sector IndexSM, 1,152.6438 for the Russell 2000®
Index and $20.2785 for the VanEck® Gold Miners ETF
Trigger Value: With respect to each Underlying, 50.00% of its
Initial Value, which is 5,209.65 for the Nasdaq-100® Technology
Sector IndexSM, 1,047.858 for the Russell 2000® Index and
$18.435 for the VanEck® Gold Miners ETF
Pricing Date: May 17, 2024
Original Issue Date (Settlement Date): On or about May 22,
2024
Review Dates*: June 17, 2024, July 17, 2024, August 19, 2024,
September 17, 2024, October 17, 2024, November 18, 2024,
December 17, 2024, January 17, 2025, February 18, 2025,
March 17, 2025, April 17, 2025, May 19, 2025, June 17, 2025,
July 17, 2025, August 18, 2025, September 17, 2025, October
17, 2025, November 17, 2025, December 17, 2025, January 20,
2026, February 17, 2026, March 17, 2026 and April 17, 2026
(the “final Review Date”)
Interest Payment Dates*: June 21, 2024, July 22, 2024, August
22, 2024, September 20, 2024, October 22, 2024, November
21, 2024, December 20, 2024, January 23, 2025, February 21,
2025, March 20, 2025, April 23, 2025, May 22, 2025, June 23,
2025, July 22, 2025, August 21, 2025, September 22, 2025,
October 22, 2025, November 20, 2025, December 22, 2025,
January 23, 2026, February 20, 2026, March 20, 2026 and the
Maturity Date
Maturity Date*: April 22, 2026
*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 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 50.00% 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 10,419.30 for
the Nasdaq-100® Technology Sector IndexSM, 2,095.716 for the
Russell 2000® Index and $36.87 for the VanEck® Gold Miners
ETF
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.
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