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 at least $7.2083
(equivalent to a Contingent Interest Rate of at least 8.65% per
annum, payable at a rate of at least 0.72083% 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 8.65% per annum, payable
at a rate of at least 0.72083% 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 10, 2024
Original Issue Date (Settlement Date): On or about July 15,
2024
Review Dates*: August 12, 2024, September 10, 2024, October
10, 2024, November 11, 2024, December 10, 2024, January 10,
2025, February 10, 2025, March 10, 2025, April 10, 2025, May
12, 2025, June 10, 2025, July 10, 2025, August 11, 2025,
September 10, 2025, October 10, 2025, November 10, 2025,
December 10, 2025, January 12, 2026, February 10, 2026,
March 10, 2026, April 10, 2026, May 11, 2026, June 10, 2026,
July 10, 2026, August 10, 2026, September 10, 2026, October
12, 2026, November 10, 2026, December 10, 2026, January 11,
2027, February 10, 2027, March 10, 2027, April 12, 2027, May
10, 2027, June 10, 2027, July 12, 2027, August 10, 2027,
September 10, 2027, October 11, 2027, November 10, 2027,
December 10, 2027, January 10, 2028, February 10, 2028,
March 10, 2028, April 10, 2028, May 10, 2028, June 12, 2028,
July 10, 2028, August 10, 2028, September 11, 2028, October
10, 2028, November 10, 2028, December 11, 2028, January 10,
2029, February 12, 2029, March 12, 2029, April 10, 2029, May
10, 2029, June 11, 2029 and July 10, 2029 (the “final Review
Date”)
Interest Payment Dates*: August 15, 2024, September 13,
2024, October 16, 2024, November 14, 2024, December 13,
2024, January 15, 2025, February 13, 2025, March 13, 2025,
April 15, 2025, May 15, 2025, June 13, 2025, July 15, 2025,
August 14, 2025, September 15, 2025, October 16, 2025,
November 14, 2025, December 15, 2025, January 15, 2026,
February 13, 2026, March 13, 2026, April 15, 2026, May 14,
2026, June 15, 2026, July 15, 2026, August 13, 2026,
September 15, 2026, October 15, 2026, November 16, 2026,
December 15, 2026, January 14, 2027, February 16, 2027,
March 15, 2027, April 15, 2027, May 13, 2027, June 15, 2027,
July 15, 2027, August 13, 2027, September 15, 2027, October
14, 2027, November 16, 2027, December 15, 2027, January 13,
2028, February 15, 2028, March 15, 2028, April 13, 2028, May
15, 2028, June 15, 2028, July 13, 2028, August 15, 2028,
September 14, 2028, October 13, 2028, November 15, 2028,
December 14, 2028, January 16, 2029, February 15, 2029,
March 15, 2029, April 13, 2029, May 15, 2029, June 14, 2029
and the Maturity Date
Maturity Date*: July 13, 2029
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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
* 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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