Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: 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 $6.7083 (equivalent to a
Contingent Interest Rate of 8.05% per annum, payable at a rate
of 0.67083% 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: 8.05% per annum, payable at a rate
of 0.67083% per month
Interest Barrier: With respect to each Index, 70.00% of its
Initial Value, which is 1,445.0114 for the Russell 2000
®
Index
and 3,668.021 for the S&P 500
®
Index
Trigger Value: With respect to each Index, 60.00% of its Initial
Value, which is 1,238.5812 for the Russell 2000
®
Index and
3,144.018 for the S&P 500
®
Index
Pricing Date: August 6, 2024
Original Issue Date (Settlement Date): On or about August 9,
2024
Review Dates*: 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,
June 6, 2025, July 7, 2025, August 6, 2025, September 8, 2025,
October 6, 2025, November 6, 2025, December 8, 2025,
January 6, 2026, February 6, 2026, March 6, 2026, April 6,
2026, May 6, 2026, June 8, 2026, July 6, 2026, August 6, 2026,
September 8, 2026, October 6, 2026, November 6, 2026,
December 7, 2026, January 6, 2027, February 8, 2027, March
8, 2027, April 6, 2027, May 6, 2027, June 7, 2027, July 6, 2027
and August 6, 2027 (the “final Review Date”)
Interest Payment Dates*: 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, June 11, 2025, July 10, 2025, August 11, 2025,
September 11, 2025, October 9, 2025, November 12, 2025,
December 11, 2025, January 9, 2026, February 11, 2026,
March 11, 2026, April 9, 2026, May 11, 2026, June 11, 2026,
July 9, 2026, August 11, 2026, September 11, 2026, October 9,
2026, November 12, 2026, December 10, 2026, January 11,
2027, February 11, 2027, March 11, 2027, April 9, 2027, May
11, 2027, June 10, 2027, July 9, 2027 and the Maturity Date
Maturity Date*: August 11, 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 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 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 redeemed early and the Final Value
of either 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.
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 2,064.302 for the
Russell 2000
®
Index and 5,240.03 for the S&P 500
®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date