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 $5.8333 and
$7.50 (equivalent to a Contingent Interest Rate of between
7.00% and 9.00% per annum, payable at a rate of between
0.58333% and 0.75% 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 7.00% and 9.00% per
annum, payable at a rate of between 0.58333% and 0.75% 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 itsInitial
Value
Pricing Date: On or about August 27, 2024
Original Issue Date (Settlement Date): On or about August
30, 2024
Review Dates*: September 27, 2024, October 28, 2024,
November 27, 2024, December 27, 2024, January 27, 2025,
February 27, 2025, March 27, 2025, April 28, 2025, May 27,
2025, June 27, 2025, July 28, 2025, August 27, 2025,
September 29, 2025, October 27, 2025, November 28, 2025,
December 29, 2025, January 27, 2026, February 27, 2026,
March 27, 2026, April 27, 2026, May 27, 2026, June 29, 2026
and July 27, 2026 (the "final Review Date")
Interest Payment Dates*: October 2, 2024, October 31, 2024,
December 3, 2024, January 2, 2025, January 30, 2025, March
4, 2025, April 1, 2025, May 1, 2025, May 30, 2025, July 2,
2025, July 31, 2025, September 2, 2025, October 2, 2025,
October 30, 2025, December 3, 2025, January 2, 2026, January
30, 2026, March 4, 2026, April 1, 2026, April 30, 2026, June 1,
2026, July 2, 2026 and the Maturity Date
Maturity Date*: July 30, 2026
*Subject to postponement in the event of a market disruption event and
as describedunder "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