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 Index
SM
(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 $6.8333
(equivalent to a Contingent Interest Rate of at least 8.20% per
annum, payable at a rate of at least 0.68333% 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 8.20% per annum, payable
at a rate of at least 0.68333% per month (to be provided in the
pricing supplement)
Interest Barrier/Trigger Value: With respect to each Index,
60.00% of its Initial Value
Pricing Date: On or about August 5, 2024
Original Issue Date (Settlement Date): On or about August 8,
2024
Review Dates*: September 5, 2024, October 7, 2024,
November 5, 2024, December 5, 2024, January 6, 2025,
February 5, 2025, March 5, 2025, April 7, 2025, May 5, 2025,
June 5, 2025, July 7, 2025, August 5, 2025, September 5, 2025,
October 6, 2025, November 5, 2025, December 5, 2025,
January 5, 2026, February 5, 2026, March 5, 2026, April 6,
2026, May 5, 2026, June 5, 2026, July 6, 2026, August 5, 2026,
September 8, 2026, October 5, 2026, November 5, 2026,
December 7, 2026, January 5, 2027, February 5, 2027, March
5, 2027, April 5, 2027, May 5, 2027, June 7, 2027, July 6, 2027
and August 5, 2027 (the “final Review Date”)
Interest Payment Dates*: September 10, 2024, October 10,
2024, November 8, 2024, December 10, 2024, January 9, 2025,
February 10, 2025, March 10, 2025, April 10, 2025, May 8,
2025, June 10, 2025, July 10, 2025, August 8, 2025, September
10, 2025, October 9, 2025, November 10, 2025, December 10,
2025, January 8, 2026, February 10, 2026, March 10, 2026,
April 9, 2026, May 8, 2026, June 10, 2026, July 9, 2026, August
10, 2026, September 11, 2026, October 8, 2026, November 10,
2026, December 10, 2026, January 8, 2027, February 10, 2027,
March 10, 2027, April 8, 2027, May 10, 2027, June 10, 2027,
July 9, 2027 and the Maturity Date
Maturity Date*: August 10, 2027
* 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
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 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
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date