Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Nasdaq-100® Technology Sector IndexSM
(Bloomberg ticker: NDXT), 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 $6.1667 (equivalent to a
Contingent Interest Rate of 7.40% per annum, payable at a rate
of 0.61667% per month).
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: 7.40% per annum, payable at a rate
of 0.61667% per month
Interest Barrier/Trigger Value: With respect to each Index,
60.00% of its Initial Value, which is 6,445.476 for the
Nasdaq-100® Technology Sector IndexSM, 1,213.2204 for the
Russell 2000® Index and 3,278.772 for the S&P 500® Index
Pricing Date: June 21, 2024
Original Issue Date (Settlement Date): On or about June 26,
2024
Review Dates*: July 22, 2024, August 21, 2024, September 23,
2024, October 21, 2024, November 21, 2024, December 23,
2024, January 21, 2025, February 21, 2025, March 21, 2025,
April 21, 2025, May 21, 2025, June 23, 2025, July 21, 2025,
August 21, 2025, September 22, 2025, October 21, 2025,
November 21, 2025 and December 22, 2025 (the “final Review
Date”)
Interest Payment Dates*: July 25, 2024, August 26, 2024,
September 26, 2024, October 24, 2024, November 26, 2024,
December 27, 2024, January 24, 2025, February 26, 2025,
March 26, 2025, April 24, 2025, May 27, 2025, June 26, 2025,
July 24, 2025, August 26, 2025, September 25, 2025, October
24, 2025, November 26, 2025 and the Maturity Date
Maturity Date*: December 26, 2025
* 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 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 40.00% 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, which was 10,742.46 for the
Nasdaq-100® Technology Sector IndexSM, 2,022.034 for the
Russell 2000® Index and 5,464.62 for the S&P 500® Index
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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