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 $6.3333 (equivalent to a
Contingent Interest Rate of 7.60% per annum, payable at a rate
of 0.63333% 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: 7.60% per annum, payable at a rate
of 0.63333% per month
Interest Barrier/Trigger Value: With respect to each Index,
60.00% of its Initial Value, which is 6,474.39 for the
Nasdaq-100® Technology Sector IndexSM, 1,228.6146 for the
Russell 2000® Index and 3,276.288 for the S&P 500® Index
Pricing Date: June 28, 2024
Original Issue Date (Settlement Date): On or about July 3,
2024
Review Dates*: July 29, 2024, August 28, 2024, September 30,
2024, October 28, 2024, November 29, 2024, December 30,
2024, January 28, 2025, February 28, 2025, March 28, 2025,
April 28, 2025, May 28, 2025, June 30, 2025, July 28, 2025,
August 28, 2025, September 29, 2025, October 28, 2025,
November 28, 2025 and December 29, 2025 (the “final Review
Date”)
Interest Payment Dates*: August 1, 2024, September 3, 2024,
October 3, 2024, October 31, 2024, December 4, 2024, January
3, 2025, January 31, 2025, March 5, 2025, April 2, 2025, May 1,
2025, June 2, 2025, July 3, 2025, July 31, 2025, September 3,
2025, October 2, 2025, October 31, 2025, December 3, 2025
and the Maturity Date
Maturity Date*: January 2, 2026
* 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 10,790.65 for the
Nasdaq-100® Technology Sector IndexSM, 2,047.691 for the
Russell 2000® Index and 5,460.48 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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