Issuer:JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Underlyings:The S&P 500
®
Index (Bloomberg ticker: SPX)
(the "Index") and the VanEck
®
Gold Miners ETF (Bloomberg
ticker: GDX) (the "Fund") (each of the Index and the Fund, an
"Underlying" and collectively, the "Underlyings")
Contingent Interest Payments:
If the notes have not been automatically called 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
$9.4167 (equivalent to a Contingent Interest Rate of 11.30%
per annum, payable at a rate of 0.94167% per month).
If the closing value of either 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: 11.30% per annum, payable at a
rate of 0.94167% per month
Interest Barrier/Trigger Value: With respect to each
Underlying, 70.00% of its Initial Value, which is 3,870.251 for
the S&P 500
®
Index and $26.089 for the VanEck
®
Gold
Miners ETF
Pricing Date: September 3, 2024
Original Issue Date (Settlement Date): On or about
September 6, 2024
Review Dates*: October 3, 2024, November 4, 2024,
December 3, 2024, January 3, 2025, February 3, 2025, March
3, 2025, April 3, 2025, May 5, 2025, June 3, 2025, July 3,
2025, August 4, 2025, September 3, 2025, October 3, 2025,
November 3, 2025, December 3, 2025, January 5, 2026,
February 3, 2026, March 3, 2026, April 6, 2026, May 4, 2026,
June 3, 2026, July 6, 2026, August 3, 2026 and September 3,
2026 (final Review Date)
Interest Payment Dates*: October 8, 2024, November 7,
2024, December 6, 2024, January 8, 2025, February 6, 2025,
March 6, 2025, April 8, 2025, May 8, 2025, June 6, 2025, July
9, 2025, August 7, 2025, September 8, 2025, October 8,
2025, November 6, 2025, December 8, 2025, January 8,
2026, February 6, 2026, March 6, 2026, April 9, 2026, May 7,
2026, June 8, 2026, July 9, 2026, August 6, 2026 and the
Maturity Date
Maturity Date*: September 9, 2026
Call Settlement Date*: If the notes are automatically called
on any Review Date (other than the first, second 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 value of each Underlying on any Review Date
(other than the first, second 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 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 applicable to the final Review
Date.
If the notes have not been automatically called and the Final
Value of either 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 × Lesser Performing Underlying Return)
If the notes have not been automatically called and the Final
Value of either Underlying is less than its Trigger Value, you
will lose more than 30.00% of your principal amount at
maturity and could lose all of your principal amount at
maturity.
Lesser Performing Underlying:The Underlying with the
Lesser Performing Underlying Return
Lesser Performing Underlying Return:The lower 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
5,528.93 for the S&P 500
®
Index and $37.27 for the VanEck
®
Gold Miners ETF
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.