Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Nasdaq-100® Technology Sector IndexSM (Bloomberg ticker: NDXT), 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 $9.1667 (equivalent to a Contingent Interest Rate of 11.00% per annum, payable at a rate of 0.91667% 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: 11.00% per annum, payable at a rate of 0.91667% per month
Interest Barrier/Trigger Value: With respect to each Index, 70.00% of its Initial Value, which is 6,860.231 for the Nasdaq-100® Technology Sector IndexSM, 1,468.2045 for the Russell 2000® Index and 3,846.864 for the S&P 500® Index
Pricing Date: September 10, 2024
Original Issue Date (Settlement Date): On or about September 13, 2024
Review Dates*: October 10, 2024, November 11, 2024, December 10, 2024, January 10, 2025, February 10, 2025, March 10, 2025, April 10, 2025, May 12, 2025, June 10, 2025, July 10, 2025, August 11, 2025, September 10, 2025, October 10, 2025, November 10, 2025, December 10, 2025, January 12, 2026, February 10, 2026 and March 10, 2026 (the “final Review Date”)
Interest Payment Dates*: October 16, 2024, November 14, 2024, December 13, 2024, January 15, 2025, February 13, 2025, March 13, 2025, April 15, 2025, May 15, 2025, June 13, 2025, July 15, 2025, August 14, 2025, September 15, 2025, October 16, 2025, November 14, 2025, December 15, 2025, January 15, 2026, February 13, 2026 and the Maturity Date
Maturity Date*: March 13, 2026
* 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, which was 9,800.33 for the Nasdaq-100® Technology Sector IndexSM, 2,097.435 for the Russell 2000® Index and 5,495.52 for the S&P 500® Index
Final Value: With respect to each Index, the closing level of that Index on the final Review Date
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