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 $7.25 (equivalent to a
Contingent Interest Rate of 8.70% per annum, payable at a rate
of 0.725% 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: 8.70% per annum, payable at a rate
of 0.725% 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®, 1,417.661 for the Russell 2000® 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, March 18, 2026, April 20, 2026, May 18,
2026, June 18, 2026, July 20, 2026, August 18, 2026,
September 18, 2026, October 19, 2026, November 18, 2026,
December 18, 2026, January 19, 2027, February 18, 2027,
March 18, 2027, April 19, 2027, May 18, 2027 and June 21,
2027 (the “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, March 23, 2026, April 23, 2026, May
21, 2026, June 24, 2026, July 23, 2026, August 21, 2026,
September 23, 2026, October 22, 2026, November 23, 2026,
December 23, 2026, January 22, 2027, February 23, 2027,
March 23, 2027, April 22, 2027, May 21, 2027 and the Maturity
Date
Maturity Date*: June 24, 2027
* 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, third, fourth, fifth 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 19,908.86 for the
NASDAQ-100 Index®, 2,025.230 for the Russell 2000® 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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