Issuer: JPMorgan Chase Financial Company LLC, an indirect,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Nasdaq-100® Technology Sector IndexSM
(Bloomberg ticker: NDXT) 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 automatically called 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 $7.5833 (equivalent to a
Contingent Interest Rate of 9.10% per annum, payable at a rate
of 0.75833% per month).
If the closing level of either 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: 9.10% per annum, payable at a rate
of 0.75833% per month
Interest Barrier/Trigger Value: With respect to each Index,
80.00% of its Initial Value, which is 8,090.376 for the
Nasdaq-100® Technology Sector IndexSM and 4,144.592 for the
S&P 500® Index
Pricing Date: May 6, 2024
Original Issue Date (Settlement Date): On or about May 9,
2024
Review Dates*: June 6, 2024, July 8, 2024, August 6, 2024,
September 6, 2024, October 7, 2024, November 6, 2024,
December 6, 2024, January 6, 2025, February 6, 2025, March 6,
2025, April 7, 2025, May 6, 2025 and June 6, 2025 (final Review
Date)
Interest Payment Dates*: June 11, 2024, July 11, 2024, August
9, 2024, September 11, 2024, October 10, 2024, November 12,
2024, December 11, 2024, January 9, 2025, February 11, 2025,
March 11, 2025, April 10, 2025, May 9, 2025 and the Maturity
Date
Maturity Date*: June 11, 2025
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first, second, third, fourth, fifth
and final Review Dates), the first Interest Payment Date
immediately following that Review Date
* 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
|
|
Automatic Call:
If the closing level of each Index on any Review Date (other than
the first, second, third, fourth, fifth and final Review Dates) is
greater than or equal to its Initial Value, the notes will be
automatically called for a cash payment, for each $1,000
principal amount note, equal to (a) $1,000 plus (b) the
Contingent Interest Payment applicable to that Review Date,
payable on the applicable Call Settlement Date. No further
payments will be made on the notes.
Payment at Maturity:
If the notes have not been automatically called 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 automatically called and the Final
Value of either 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 × Lesser Performing Index Return)
If the notes have not been automatically called and the Final
Value of either Index is less than its Trigger Value, you will lose
more than 20.00% of your principal amount at maturity and
could lose all of your principal amount at maturity.
Lesser Performing Index: The Index with the Lesser
Performing Index Return
Lesser Performing Index Return: The lower 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 10,112.97 for the
Nasdaq-100® Technology Sector IndexSM and 5,180.74 for the
S&P 500® Index
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
|