Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Underlyings: The Nasdaq-100® Technology Sector IndexSM
(Bloomberg ticker: NDXT) and the Russell 2000® Index
(Bloomberg ticker: RTY) (each an “Index” and collectively, the
“Indices”) and the Energy Select Sector SPDR® Fund
(Bloomberg ticker: XLE) (the “Fund”) (each of the Indices and
the Fund, an “Underlying” and collectively, the “Underlyings”)
Contingent Interest Payments:
If the notes have not been previously redeemed early and the
closing value 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 $7.50
(equivalent to a Contingent Interest Rate of 9.00% per annum,
payable at a rate of 0.75% per month).
If the closing value of any Underlying 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: 9.00% per annum, payable at a rate
of 0.75% per month
Interest Barrier: With respect to each Underlying, 65.00% of its
Initial Value, which is $59.332 for the Energy Select Sector
SPDR® Fund, 6,878.482 for the Nasdaq-100® Technology
Sector IndexSM and 1,320.0291 for the Russell 2000® Index
Trigger Value: With respect to each Underlying, 60.00% of its
Initial Value, which is $54.768 for the Energy Select Sector
SPDR® Fund, 6,349.368 for the Nasdaq-100® Technology
Sector IndexSM and 1,218.4884 for the Russell 2000® Index
Pricing Date: June 24, 2024
Original Issue Date (Settlement Date): On or about June 27,
2024
Review Dates*: July 24, 2024, August 26, 2024, September 24,
2024, October 24, 2024, November 25, 2024, December 24,
2024, January 24, 2025, February 24, 2025, March 24, 2025,
April 24, 2025, May 27, 2025, June 24, 2025, July 24, 2025,
August 25, 2025, September 24, 2025, October 24, 2025,
November 24, 2025, December 24, 2025, January 26, 2026,
February 24, 2026, March 24, 2026, April 24, 2026 and May 26,
2026 (the “final Review Date”)
Interest Payment Dates*: July 29, 2024, August 29, 2024,
September 27, 2024, October 29, 2024, November 29, 2024,
December 30, 2024, January 29, 2025, February 27, 2025,
March 27, 2025, April 29, 2025, May 30, 2025, June 27, 2025,
July 29, 2025, August 28, 2025, September 29, 2025, October
29, 2025, November 28, 2025, December 30, 2025, January 29,
2026, February 27, 2026, March 27, 2026, April 29, 2026 and
the Maturity Date
Maturity Date*: May 29, 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 through sixth 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, if any, 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 40.00% of your principal amount at maturity and
could lose all of your principal amount at maturity.
Least Performing Underlying: The Underlying with the Least
Performing Underlying Return
Least Performing Underlying Return: The lowest of the
Underlying Returns of the Underlyings
Underlying Return:
With respect to each Underlying,
(Final Value – Initial Value)
Initial Value
Initial Value: With respect to each Underlying, the closing value
of that Underlying on the Pricing Date, which was $91.28 for the
Energy Select Sector SPDR® Fund, 10,582.28 for the
Nasdaq-100® Technology Sector IndexSM and 2,030.814 for the
Russell 2000® Index
Final Value: With respect to each Underlying, the closing value
of that Underlying on the final Review Date
Share Adjustment Factor: The Share Adjustment Factor is
referenced in determining the closing value of the Fund and is
set equal to 1.0 on the Pricing Date. The Share Adjustment
Factor is subject to adjustment upon the occurrence of certain
events affecting the Fund. See “The Underlyings – Funds –
Anti-Dilution Adjustments” in the accompanying product
supplement for further information.
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