Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Dow Jones Industrial Average
TM
(Bloomberg
ticker: INDU), 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 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 at least $6.7917
(equivalent to a Contingent Interest Rate of at least 8.15% per
annum, payable at a rate of at least 0.67917% 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 8.15% per annum, payable
at a rate of at least 0.67917% 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 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 and February 6, 2026 (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 and the Maturity Date
Maturity Date*: February 11, 2026
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 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 automatically called 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