Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Index: The MerQube US Tech+ Vol Advantage Index
(Bloomberg ticker: MQUSTVA). The level of the Index reflects a
deduction of 6.0% per annum that accrues daily, and the
performance of the QQQ Fund is subject to a notional financing
cost that accrues daily.
Contingent Interest Payments:
If the notes have not been automatically called and the closing
level of the Index on any Review Date is greater than or equal to
the Interest Barrier, you will receive on the applicable Interest
Payment Date for each $1,000 principal amount note a
Contingent Interest Payment equal to at least $32.50 (equivalent
to a Contingent Interest Rate of at least 13.00% per annum,
payable at a rate of at least 3.25% per quarter) (to be provided
in the pricing supplement).
If the closing level of the Index on any Review Date is less than
the Interest Barrier, no Contingent Interest Payment will be
made with respect to that Review Date.
Contingent Interest Rate: At least 13.00% per annum, payable
at a rate of at least 3.25% per quarter (to be provided in the
pricing supplement)
Interest Barrier/Trigger Value: 60.00% of the Initial Value
Pricing Date: On or about July 19, 2024
Original Issue Date (Settlement Date): On or about July 24,
2024
Review Dates*: October 21, 2024, January 21, 2025, April 21,
2025, July 21, 2025, October 20, 2025, January 20, 2026, April
20, 2026, July 20, 2026, October 19, 2026, January 19, 2027,
April 19, 2027, July 19, 2027, October 19, 2027, January 19,
2028, April 19, 2028, July 19, 2028, October 19, 2028, January
19, 2029, April 19, 2029 and July 19, 2029 (final Review Date)
Interest Payment Dates*: October 24, 2024, January 24, 2025,
April 24, 2025, July 24, 2025, October 23, 2025, January 23,
2026, April 23, 2026, July 23, 2026, October 22, 2026, January
22, 2027, April 22, 2027, July 22, 2027, October 22, 2027,
January 24, 2028, April 24, 2028, July 24, 2028, October 24,
2028, January 24, 2029, April 24, 2029 and the Maturity Date
Maturity Date*: July 24, 2029
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first 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 “Supplemental Terms of the Notes — Postponement
of a Determination Date — Notes Linked Solely to an Index” in the
accompanying underlying supplement and “General Terms of Notes —
Postponement of a Payment Date” in the accompanying product
supplement
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Automatic Call:
If the closing level of the Index on any Review Date (other than
the first and final Review Dates) is greater than or equal to the
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 is greater than or equal to the 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 is less than the Trigger Value, your payment at maturity
per $1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Index Return)
If the notes have not been automatically called and the Final
Value is less than the 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.
Index Return:
(Final Value – Initial Value)
Initial Value
Initial Value: The closing level of the Index on the Pricing Date
Final Value: The closing level of the Index on the final Review
Date
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