PS-1| Structured Investments
Callable Contingent Interest Notes Linked to the Least Performing of the
NASDAQ-100 Index
®
, the Russell 2000
®
Index and the S&P 500
®
Index
Key Terms
JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The NASDAQ-100 Index
®
(Bloomberg ticker: NDX),
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 $6.6667 (equivalent to a
Contingent Interest Rate of 8.00% per annum, payable at a rate
of 0.66667% 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: 8.00% per annum, payable at a rate
of 0.66667% per month
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 13,304.501 for the
NASDAQ-100 Index
®
, 1,466.6351 for the Russell 2000
®
Index
and 3,804.101 for the S&P 500
®
Index
Pricing Date: August 13, 2024
Original Issue Date (Settlement Date): On or about August
16, 2024
Review Dates*: September 13, 2024, October 14, 2024,
November 13, 2024, December 13, 2024, January 13, 2025,
February 13, 2025, March 13, 2025, April 14, 2025, May 13,
2025, June 13, 2025, July 14, 2025, August 13, 2025,
September 15, 2025, October 13, 2025, November 13, 2025,
December 15, 2025, January 13, 2026, February 13, 2026,
March 13, 2026, April 13, 2026, May 13, 2026, June 15, 2026
and July 13, 2026 (the “final Review Date”)
Interest Payment Dates*: September 18, 2024, October 17,
2024, November 18, 2024, December 18, 2024, January 16,
2025, February 19, 2025, March 18, 2025, April 17, 2025, May
16, 2025, June 18, 2025, July 17, 2025, August 18, 2025,
September 18, 2025, October 16, 2025, November 18, 2025,
December 18, 2025, January 16, 2026, February 19, 2026,
March 18, 2026, April 16, 2026, May 18, 2026, June 18, 2026
and the Maturity Date
Maturity Date*: July 16, 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
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 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, which was 19,006.43 for the
NASDAQ-100 Index
®
, 2,095.193 for the Russell 2000
®
Index
and 5,434.43 for the S&P 500
®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date