Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Dow Jones Industrial AverageTM (Bloomberg
ticker: INDU), 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 $20.00 (equivalent to a
Contingent Interest Rate of 8.00% per annum, payable at a rate
of 2.00% per quarter).
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: 8.00% per annum, payable at a rate
of 2.00% per quarter
Interest Barrier: With respect to each Index, 65.00% of its Initial
Value, which is 25,617.2865 for the Dow Jones Industrial
AverageTM, 1,320.0291 for the Russell 2000® Index and
3,541.1155 for the S&P 500® Index
Trigger Value: With respect to each Index, 60.00% of its Initial
Value, which is 23,646.726 for the Dow Jones Industrial
AverageTM, 1,218.4884 for the Russell 2000® Index and
3,268.722 for the S&P 500® Index
Pricing Date: June 24, 2024
Original Issue Date (Settlement Date): On or about June 27,
2024
Review Dates*: September 24, 2024, December 24, 2024,
March 24, 2025, June 24, 2025, September 24, 2025,
December 24, 2025, March 24, 2026, June 24, 2026,
September 24, 2026, December 24, 2026, March 24, 2027,
June 24, 2027, September 24, 2027, December 27, 2027,
March 24, 2028, June 26, 2028, September 25, 2028,
December 26, 2028, March 26, 2029 and June 25, 2029 (the
“final Review Date”)
Interest Payment Dates*: September 27, 2024, December 30,
2024, March 27, 2025, June 27, 2025, September 29, 2025,
December 30, 2025, March 27, 2026, June 29, 2026,
September 29, 2026, December 30, 2026, March 30, 2027,
June 29, 2027, September 29, 2027, December 30, 2027,
March 29, 2028, June 29, 2028, September 28, 2028,
December 29, 2028, March 29, 2029 and the Maturity Date
Maturity Date*: June 28, 2029
*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 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, if any, 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 39,411.21 for the Dow
Jones Industrial AverageTM, 2,030.814 for the Russell 2000®
Index and 5,447.87 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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