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 $7.50 (equivalent to a
Contingent Interest Rate of 9.00% per annum, payable at a rate
of 0.75% 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: 9.00% per annum, payable at a rate
of 0.75% per month
Interest Barrier: With respect to each Index, 70.00% of its
Initial Value, which is 13,341.643 for the NASDAQ-100 Index
®
,
1,564.7331 for the Russell 2000
®
Index and 3,824.478 for the
S&P 500
®
Index
Trigger Value: With respect to each Index, 60.00% of its Initial
Value, which is 11,435.694 for the NASDAQ-100 Index
®
,
1,341.1998 for the Russell 2000
®
Index and 3,278.124 for the
S&P 500
®
Index
Pricing Date: July 29, 2024
Original Issue Date (Settlement Date): On or about August 1,
2024
Review Dates*: August 29, 2024, September 30, 2024,
October 29, 2024, November 29, 2024, December 30, 2024,
January 29, 2025, February 28, 2025, March 31, 2025, April
29, 2025, May 29, 2025, June 30, 2025, July 29, 2025, August
29, 2025, September 29, 2025, October 29, 2025, December
1, 2025, December 29, 2025, January 29, 2026, March 2, 2026,
March 30, 2026, April 29, 2026, May 29, 2026, June 29, 2026,
July 29, 2026, August 31, 2026, September 29, 2026, October
29, 2026, November 30, 2026, December 29, 2026, January
29, 2027, March 1, 2027, March 29, 2027, April 29, 2027, June
1, 2027, June 29, 2027, July 29, 2027, August 30, 2027,
September 29, 2027, October 29, 2027, November 29, 2027,
December 29, 2027, January 31, 2028, February 29, 2028,
March 29, 2028, May 1, 2028, May 30, 2028, June 29, 2028,
July 31, 2028, August 29, 2028, September 29, 2028, October
30, 2028, November 29, 2028, December 29, 2028, January
29, 2029, February 28, 2029, March 29, 2029, April 30, 2029,
May 29, 2029, June 29, 2029 and July 30, 2029 (the “final
Review Date”)
Interest Payment Dates*: September 4, 2024, October 3,
2024, November 1, 2024, December 4, 2024, January 3, 2025,
February 3, 2025, March 5, 2025, April 3, 2025, May 2, 2025,
June 3, 2025, July 3, 2025, August 1, 2025, September 4,
2025, October 2, 2025, November 3, 2025, December 4, 2025,
January 2, 2026, February 3, 2026, March 5, 2026, April 2,
2026, May 4, 2026, June 3, 2026, July 2, 2026, August 3, 2026,
September 3, 2026, October 2, 2026, November 3, 2026,
December 3, 2026, January 4, 2027, February 3, 2027, March
4, 2027, April 1, 2027, May 4, 2027, June 4, 2027, July 2, 2027,
August 3, 2027, September 2, 2027, October 4, 2027,
November 3, 2027, December 2, 2027, January 3, 2028,
February 3, 2028, March 3, 2028, April 3, 2028, May 4, 2028,
June 2, 2028, July 5, 2028, August 3, 2028, September 1,
2028, October 4, 2028, November 2, 2028, December 4, 2028,
January 4, 2029, February 1, 2029, March 5, 2029, April 4,
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 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 40.00% 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 19,059.49 for the
NASDAQ-100 Index
®
, 2,235.333 for the Russell 2000
®
Index
and 5,463.54 for the S&P 500
®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date