Issuer: 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 at least $8.00 (equivalent
to a Contingent Interest Rate of at least 9.60% per annum,
payable at a rate of at least 0.80% per month) (to be provided in
the pricing supplement).
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: At least 9.60% per annum, payable
at a rate of at least 0.80% per month (to be provided in the
pricing supplement)
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value
Pricing Date: On or about July 23, 2024
Original Issue Date (Settlement Date): On or about July 26,
2024
Review Dates*: August 23, 2024, September 23, 2024, October
23, 2024, November 25, 2024, December 23, 2024, January 23,
2025, February 24, 2025, March 24, 2025, April 23, 2025, May
23, 2025, June 23, 2025, July 23, 2025, August 25, 2025,
September 23, 2025, October 23, 2025, November 24, 2025,
December 23, 2025, January 23, 2026, February 23, 2026,
March 23, 2026, April 23, 2026, May 26, 2026, June 23, 2026,
July 23, 2026, August 24, 2026, September 23, 2026, October
23, 2026, November 23, 2026, December 23, 2026, January 25,
2027, February 23, 2027, March 23, 2027, April 23, 2027, May
24, 2027, June 23, 2027 and July 23, 2027 (the “final Review
Date”)
Interest Payment Dates*: August 28, 2024, September 26,
2024, October 28, 2024, November 29, 2024, December 27,
2024, January 28, 2025, February 27, 2025, March 27, 2025,
April 28, 2025, May 29, 2025, June 26, 2025, July 28, 2025,
August 28, 2025, September 26, 2025, October 28, 2025,
November 28, 2025, December 29, 2025, January 28, 2026,
February 26, 2026, March 26, 2026, April 28, 2026, May 29,
2026, June 26, 2026, July 28, 2026, August 27, 2026,
September 28, 2026, October 28, 2026, November 27, 2026,
December 29, 2026, January 28, 2027, February 26, 2027,
March 29, 2027, April 28, 2027, May 27, 2027, June 28, 2027
and the Maturity Date
Maturity Date*: July 28, 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
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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, 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
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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