Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Nasdaq-100
®
Technology Sector Index
SM
(Bloomberg ticker: NDXT), 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 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) (to be provided in the pricing
supplement).
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: Between 7.50% and 9.50% per
annum, payable at a rate of between 0.625% and 0.79167% per
month (to be provided in the pricing supplement)
Interest Barrier: With respect to each Index, 70.00% of its
Initial Value
Trigger Value: With respect to each Index, 60.00% of its Initial
Value
Pricing Date: On or about August 13, 2024
Original Issue Date (Settlement Date): On or about August
16, 2024
Review Dates*: September 13, 2024, October 14, 2024,
November 13, 2024, December 13, 2024, January 13, 2025,
February 13, 2025, March 13, 2025, April 14, 2025, May 13,
2025, June 13, 2025, July 14, 2025, August 13, 2025,
September 15, 2025, October 13, 2025, November 13, 2025,
December 15, 2025, January 13, 2026, February 13, 2026,
March 13, 2026, April 13, 2026, May 13, 2026, June 15, 2026
and July 13, 2026 (the “final Review Date”)
Interest Payment Dates*: September 18, 2024, October 17,
2024, November 18, 2024, December 18, 2024, January 16,
2025, February 19, 2025, March 18, 2025, April 17, 2025, May
16, 2025, June 18, 2025, July 17, 2025, August 18, 2025,
September 18, 2025, October 16, 2025, November 18, 2025,
December 18, 2025, January 16, 2026, February 19, 2026,
March 18, 2026, April 16, 2026, May 18, 2026, June 18, 2026
and the Maturity Date
Maturity Date*: July 16, 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
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 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, if any, 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 40.00% 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
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date