Issuer: JPMorgan Chase Financial Company LLC, a direct, wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Reference Stock: The common stock of Chipotle Mexican Grill, Inc., par value $0.01 per share (Bloomberg ticker: CMG). We refer to Chipotle Mexican Grill, Inc. as “Chipotle.”
Contingent Interest Payments: If the notes have not been automatically called and the closing price of one share of the Reference Stock on any Review Date is greater than or equal to the Interest Barrier, you will receive on the applicable Interest Payment Date for each $1,000 principal amount note a Contingent Interest Payment equal to at least $10.2917 (equivalent to a Contingent Interest Rate of at least 12.35% per annum, payable at a rate of at least 1.02917% per month) (to be provided in the pricing supplement).
If the closing price of one share of the Reference Stock on any Review Date is less than the Interest Barrier, no Contingent Interest Payment will be made with respect to that Review Date.
Contingent Interest Rate: At least 12.35% per annum, payable at a rate of at least 1.02917% per month (to be provided in the pricing supplement)
Interest Barrier / Trigger Value: 76.00% of the Initial Value
Pricing Date: On or about July 30, 2024
Original Issue Date (Settlement Date): On or about August 2, 2024
Review Dates*: August 30, 2024, September 30, 2024, October 30, 2024, December 2, 2024, December 30, 2024, January 30, 2025, February 28, 2025, March 31, 2025, April 30, 2025, May 30, 2025, June 30, 2025, July 30, 2025 and September 2, 2025 (final Review Date)
Interest Payment Dates*: September 5, 2024, October 3, 2024, November 4, 2024, December 5, 2024, January 3, 2025, February 4, 2025, March 5, 2025, April 3, 2025, May 5, 2025, June 4, 2025, July 3, 2025, August 4, 2025 and the Maturity Date
Maturity Date*: September 5, 2025
Call Settlement Date*: If the notes are automatically called on any Review Date (other than the first through fifth 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 a Single Underlying — Notes Linked to a Single Underlying (Other Than a Commodity Index)” and “General Terms of Notes — Postponement of a Payment Date” in the accompanying product supplement
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