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) 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 $6.8333 (equivalent to a
Contingent Interest Rate of 8.20% per annum, payable at a rate
of 0.68333% per month).
If the closing level of either 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: 8.20% per annum, payable at a rate
of 0.68333% per month
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 13,936.202 for the
NASDAQ-100 Index® and 3,840.921 for the S&P 500® Index
Pricing Date: June 18, 2024
Original Issue Date (Settlement Date): On or about June 24,
2024
Review Dates*: July 18, 2024, August 19, 2024, September 18,
2024, October 18, 2024, November 18, 2024, December 18,
2024, January 21, 2025, February 18, 2025, March 18, 2025,
April 21, 2025, May 19, 2025, June 18, 2025, July 18, 2025,
August 18, 2025, September 18, 2025, October 20, 2025,
November 18, 2025, December 18, 2025, January 20, 2026,
February 18, 2026 and March 18, 2026 (final Review Date)
Interest Payment Dates*: July 23, 2024, August 22, 2024,
September 23, 2024, October 23, 2024, November 21, 2024,
December 23, 2024, January 24, 2025, February 21, 2025,
March 21, 2025, April 24, 2025, May 22, 2025, June 24, 2025,
July 23, 2025, August 21, 2025, September 23, 2025, October
23, 2025, November 21, 2025, December 23, 2025, January 23,
2026, February 23, 2026 and the Maturity Date
Maturity Date*: March 23, 2026
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first through eleventh 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
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Automatic Call:
If the closing level of each Index on any Review Date (other than
the first through eleventh 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 either 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 × Lesser Performing Index Return)
If the notes have not been automatically called and the Final
Value of either 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.
Lesser Performing Index: The Index with the Lesser
Performing Index Return
Lesser Performing Index Return: The lower 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 19,908.86 for the
NASDAQ-100 Index® and 5,487.03 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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