Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
May 20 2024 - 4:48PM
Edgar (US Regulatory)
North America Structured Investments 1.92yrNC3m NDX/RTY/SPX Callable Contingent
Interest Notes J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com The following is a summary
of the terms of the notes offered by the preliminary pricing supplement hyperlinked below. Summary of Terms Issuer: JPMorgan Chase Financial
Company LLC Guarantor: JPMorgan Chase & Co. Minimum Denomination: $1,000 Underlyings: NASDAQ-100 Index®, Russell 2000® Index
and S&P 500® Index Pricing Date: May 28, 2024 Final Review Date: April 28, 2026 Maturity Date: May 1, 2026 Review Dates: Monthly
Contingent Interest Rate: [7.50%-9.50%]* per annum, paid monthly at a rate of between 0.625% and 0.79167%*, if applicable Interest Barrier/Trigger
Value: With respect to each Underlying, an amount that represents 70.00% of its Initial Value CUSIP: 48135MQA9 Preliminary Pricing Supplement:
http://sp.jpmorgan.com/document/cusip/48135MQA9/doctype/Product_Termsheet/document.pdf Estimated Value: The estimated value of the notes,
when the terms of the notes are set, will not be less than $900.00 per $1,000 principal amount note. For more information about the estimated
value of the notes, which likely will be lower than the price you paid for the notes, please see the hyperlink above. 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 Underlying 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 Underlying 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 Underlying Return) If the notes have not been redeemed early and the Final Value
of any Underlying 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. Capitalized terms used but not defined herein shall have the meanings set forth in the preliminary
pricing supplement. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC, as issuer of the
notes and the credit risk of JPMorgan Chase & Co., as guarantor of the notes. Hypothetical Payment at Maturity** Least Performing
Underlying Return Payment at Maturity (assuming 7.50% per annum Contingent Interest Rate) 60.00% $1,006.25 40.00% $1,006.25 20.00% $1,006.25
5.00% $1,006.25 0.00% $1,006.25 -5.00% $1,006.25 -20.00% $1,006.25 -30.00% $1,006.25 -30.01% $699.90 -40.00% $600.00 -50.00% $500.00
-60.00% $400.00 -80.00% $200.00 -100.00% $0.00 This table does not demonstrate how your interest payments can vary over the term of your
notes. Contingent Interest *If the notes have not been previously redeemed early and the closing level of each Underlying 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 between $6.25 and $7.9167 (equivalent to a Contingent Interest Rate of between 7.50%
and 9.50% per annum, payable at a rate of between 0.625% and 0.79167% per month). **The hypothetical payments on the notes shown above
apply only if you hold the notes for their entire term or until redeemed early. These hypotheticals do not reflect fees or expenses that
would be associated with any sale in the secondary market. If these fees and expenses were included, the hypothetical payments shown
above would likely be lower.
North America Structured Investments 1.92yrNC3m NDX/RTY/SPX Callable Contingent
Interest Notes J.P. Morgan Structured Investments | 1 800 576 3529 | jpm_structured_investments@jpmorgan.com Selected Risks ● Your
investment in the notes may result in a loss. The notes do not guarantee any return of principal. ● The notes do not guarantee
the payment of interest and may not pay interest at all. ● Any payment on the notes is subject to the credit risks of JPMorgan
Chase Financial Company LLC and JPMorgan Chase & Co. Therefore the value of the notes prior to maturity will be subject to changes
in the market’s view of the creditworthiness of JPMorgan Chase Financial Company LLC or JPMorgan Chase & Co. ● The appreciation
potential of the notes is limited to the sum of any Contingent Interest Payments that may be paid over the term of the notes. ●
You are exposed to the risks of the decline in the value of each Underlying. ● Your payment at maturity will be determined by the
Least Performing Underlying. ● The benefit provided by the Trigger Value may terminate on the final Review Date. ● The optional
early redemption feature may force a potential early exit. ● No dividend payments or voting rights. ● JPMorgan Chase &
Co. is currently one of the companies that make up the S&P 500® Index. ● The notes are subject to the risks associated
with small capitalization stocks with respect to the Russell 2000® Index. ● The notes are subject to risks associated with
non-U.S. securities with respect to the NASDAQ-100 Index®. ● As a finance subsidiary, JPMorgan Chase Financial Company LLC
has no independent operations and has limited assets. Selected Risks (continued) ● The estimated value of the notes will be lower
than the original issue price (price to public) of the notes. ● The estimated value of the notes is determined by reference to
an internal funding rate. ● The estimated value of the notes does not represent future values and may differ from others’
estimates. ● The value of the notes, which may be reflected in customer account statements, may be higher than the then current
estimated value of the notes for a limited time period. ● Lack of liquidity: J.P. Morgan Securities LLC (who we refer to as JPMS),
intends to offer to purchase the notes in the secondary market but is not required to do so. The price, if any, at which JPMS will be
willing to purchase notes from you in the secondary market, if at all, may result in a significant loss of your principal. ● Potential
conflicts: We and our affiliates play a variety of roles in connection with the issuance of notes, including acting as calculation agent
and hedging our obligations under the notes, and making the assumptions used to determine the pricing of the notes and the estimated
value of the notes when the terms of the notes are set. It is possible that such hedging or other trading activities of J.P. Morgan or
its affiliates could result in substantial returns for J.P. Morgan and its affiliates while the value of the notes decline. ● The
tax consequences of the notes may be uncertain. You should consult your tax adviser regarding the U.S. federal income tax consequences
of an investment in the notes. The risks identified above are not exhaustive. Please see “Risk Factors” in the prospectus
supplement and the applicable product supplement and “Selected Risk Considerations” in the applicable preliminary pricing
supplement for additional information. Additional Information SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase &
Co. have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before
you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that JPMorgan
Chase Financial Company LLC and JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase Financial
Company LLC and JPMorgan Chase & Co. and this offering. You may get these documents without cost by visiting EDGAR on the SEC web
site at www.sec.gov. Alternatively, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., any agent or any dealer participating
in this offering will arrange to send you the prospectus and each prospectus supplement, as well as any product supplement, underlying
supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248. IRS Circular 230 Disclosure: JPMorgan
Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including
any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation
by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related
penalties. Investment suitability must be determined individually for each investor, and the financial instruments described herein may
not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting,
legal, regulatory or tax advice. Investors should consult with their own advisers as to these matters. This material is not a product
of J.P. Morgan Research Departments. Free Writing Prospectus Filed Pursuant to Rule 433, Registration Statement Nos. 333-270004 and 333-270004-01
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