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 automatically called 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 $8.3333 (equivalent to a
Contingent Interest Rate of 10.00% per annum, payable at a
rate of 0.83333% 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: 10.00% per annum, payable at a
rate of 0.83333% per month
Interest Barrier/Buffer Threshold: With respect to each Index,
85.00% of its Initial Value, which is 15,651.747 for the
NASDAQ-100 Index
®
, 1,771.7604 for the Russell 2000
®
Index
and 4,521.4135 for the S&P 500
®
Index
Buffer Amount: 15.00%
Pricing Date: August 8, 2024
Original Issue Date (Settlement Date): On or about August
13, 2024
Review Dates*: September 9, 2024, October 8, 2024,
November 8, 2024, December 9, 2024, January 8, 2025,
February 10, 2025, March 10, 2025, April 8, 2025, May 8, 2025,
June 9, 2025, July 8, 2025, August 8, 2025, September 8, 2025,
October 8, 2025, November 10, 2025, December 8, 2025,
January 8, 2026 and February 9, 2026 (final Review Date)
Interest Payment Dates*: September 12, 2024, October 11,
2024, November 14, 2024, December 12, 2024, January 13,
2025, February 13, 2025, March 13, 2025, April 11, 2025, May
13, 2025, June 12, 2025, July 11, 2025, August 13, 2025,
September 11, 2025, October 14, 2025, November 14, 2025,
December 11, 2025, January 13, 2026 and the Maturity Date
Maturity Date*: February 12, 2026
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first, second, third, fourth, 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 Multiple Underlyings" and
"General Terms of Notes -Postponement of a Payment Date" in the
accompanying product supplement
Automatic Call:
If the closing level of each Index on any Review Date (other
than the first, second, third, fourth, fifth and final Review Dates)
is greater than or equal to its Initial Value, the notes will be
automatically called for a cash payment, for each $1,000
principal amount note, equal to (a) $1,000 plus (b) the
Contingent Interest Payment applicable to that Review Date,
payable on the applicable Call Settlement Date. No further
payments will be made on the notes.
Payment at Maturity:
If the notes have not been automatically called and the Final
Value of each Index is greater than or equal to its Buffer
Threshold, 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 automatically called and the Final
Value of any Index is less than its Buffer Threshold, your
payment at maturity per $1,000 principal amount note will be
calculated as follows:
$1,000 + [$1,000 × (Least Performing Index Return + Buffer
Amount)]
If the notes have not been automatically called and the Final
Value of any Index is less than its Buffer Threshold, you will
lose some or most 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 18,413.82 for the
NASDAQ-100 Index
®
, 2,084.424 for the Russell 2000
®
Index
and 5,319.31 for the S&P 500
®
Index
Final Value:With respect to each Index, the closing level of
that Index on the final Review Date