Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
July 19 2024 - 4:21PM
Edgar (US Regulatory)
![](https://www.sec.gov/Archives/edgar/data/19617/000183988224022494/jpmfwp13465page1.jpg)
North America Structured Investments 1.92yrNC3m NDX/RTY/SPX Callable
Contingent Interest Notes J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com The following
is a summary of the terms of the notes offered by the preliminary pricing supplement hyperlinked below. Summary of Terms Issuer: JPMorgan
Chase Financial Company LLC Guarantor: JPMorgan Chase & Co. Minimum Denomination: $1,000 Underlyings: NASDAQ-100 Index®, Russell
2000® Index and S&P 500® Index Pricing Date: July 26, 2024 Final Review Date: June 26, 2026 Maturity Date: July 1, 2026 Review
Dates: Monthly Contingent Interest Rate: [7.75%-9.75%]* per annum, paid monthly at a rate of between 0.64583% and 0.8125%*, if applicable
Interest Barrier/Trigger Value: With respect to each Underlying, an amount that represents 70.00% of its Initial Value CUSIP: 48135PXB2
Preliminary Pricing Supplement: http://sp.jpmorgan.com/document/cusip/48135PXB2/doctype/Product_Termsheet/document.pdf Estimated Value:
The estimated value of the notes, when the terms of the notes are set, will not be less than $900.00 per $1,000 principal amount note.
For more information about the estimated value of the notes, which likely will be lower than the price you paid for the notes, please
see the hyperlink above. 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 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 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. Capitalized terms used but not defined herein shall have
the meanings set forth in the preliminary pricing supplement. Any payment on the notes is subject to the credit risk of JPMorgan Chase
Financial Company LLC, as issuer of the notes and the credit risk of JPMorgan Chase & Co., as guarantor of the notes. Hypothetical
Payment at Maturity** Least Performing Underlying Return Payment at Maturity (assuming 7.75% per annum Contingent Interest Rate) 60.00%
$1,006.4583 40.00% $1,006.4583 20.00% $1,006.4583 5.00% $1,006.4583 0.00% $1,006.4583 -5.00% $1,006.4583 -20.00% $1,006.4583 -30.00%
$1,006.4583 -30.01% $699.9000 -40.00% $600.0000 -50.00% $500.0000 -60.00% $400.0000 -80.00% $200.0000 -100.00% $0.0000 This table does
not demonstrate how your interest payments can vary over the term of your notes. Contingent Interest *If the notes have not been previously
redeemed early and the closing level 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 between
$6.4583 and $8.125 (equivalent to a Contingent Interest Rate of between 7.75% and 9.75% per annum, payable at a rate of between 0.64583%
and 0.8125% per month). **The hypothetical payments on the notes shown above apply only if you hold the notes for their entire term or
until redeemed early. These hypotheticals do not reflect fees or expenses that would be associated with any sale in the secondary market.
If these fees and expenses were included, the hypothetical payments shown above would likely be lower.
![](https://www.sec.gov/Archives/edgar/data/19617/000183988224022494/jpmfwp13465page2.jpg)
North America Structured Investments 1.92yrNC3m NDX/RTY/SPX Callable
Contingent Interest Notes J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com Selected Risks
● Your investment in the notes may result in a loss. The notes do not guarantee any return of principal. ● The notes do not
guarantee the payment of interest and may not pay interest at all. ● Any payment on the notes is subject to the credit risks of
JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Therefore the value of the notes prior to maturity will be subject
to changes in the market’s view of the creditworthiness of JPMorgan Chase Financial Company LLC or JPMorgan Chase & Co. ●
The appreciation potential of the notes is limited to the sum of any Contingent Interest Payments that may be paid over the term of the
notes. ● You are exposed to the risks of the decline in the value of each Underlying. ● Your payment at maturity will be
determined by the Least Performing Underlying. ● The benefit provided by the Trigger Value may terminate on the final Review Date.
● The optional early redemption feature may force a potential early exit. ● No dividend payments or voting rights. ●
JPMorgan Chase & Co. is currently one of the companies that make up the S&P 500® Index. ● The notes are subject to
the risks associated with small capitalization stocks with respect to the Russell 2000® Index. ● The notes are subject to risks
associated with non-U.S. securities with respect to the NASDAQ-100 Index®. ● As a finance subsidiary, JPMorgan Chase Financial
Company LLC has no independent operations and has limited assets. Selected Risks (continued) ● The estimated value of the notes
will be lower than the original issue price (price to public) of the notes. ● The estimated value of the notes is determined by
reference to an internal funding rate. ● The estimated value of the notes does not represent future values and may differ from
others’ estimates. ● The value of the notes, which may be reflected in customer account statements, may be higher than the
then current estimated value of the notes for a limited time period. ● Lack of liquidity: J.P. Morgan Securities LLC (who we refer
to as JPMS), intends to offer to purchase the notes in the secondary market but is not required to do so. The price, if any, at which
JPMS will be willing to purchase notes from you in the secondary market, if at all, may result in a significant loss of your principal.
● Potential conflicts: We and our affiliates play a variety of roles in connection with the issuance of notes, including acting
as calculation agent and hedging our obligations under the notes, and making the assumptions used to determine the pricing of the notes
and the estimated value of the notes when the terms of the notes are set. It is possible that such hedging or other trading activities
of J.P. Morgan or its affiliates could result in substantial returns for J.P. Morgan and its affiliates while the value of the notes
decline. ● The tax consequences of the notes may be uncertain. You should consult your tax adviser regarding the U.S. federal income
tax consequences of an investment in the notes. The risks identified above are not exhaustive. Please see “Risk Factors”
in the prospectus supplement and the applicable product supplement and “Selected Risk Considerations” in the applicable preliminary
pricing supplement for additional information. Additional Information SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase
& Co. have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate.
Before you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that
JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan
Chase Financial Company LLC and JPMorgan Chase & Co. and this offering. You may get these documents without cost by visiting EDGAR
on the SEC web site at www.sec.gov. Alternatively, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., any agent or any
dealer participating in this offering will arrange to send you the prospectus and each prospectus supplement, as well as any product
supplement, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248. IRS Circular
230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters
contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion,
marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose
of avoiding U.S. tax-related penalties. Investment suitability must be determined individually for each investor, and the financial instruments
described herein may not be suitable for all investors. This information is not intended to provide and should not be relied upon as
providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisers as to these matters. This material
is not a product of J.P. Morgan Research Departments. Free Writing Prospectus Filed Pursuant to Rule 433, Registration Statement Nos.
333-270004 and 333-270004-01
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