Issuer:JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor:JPMorgan Chase & Co.
Index:The MerQube US Tech+ Vol Advantage Index
(Bloomberg ticker: MQUSTVA). The level of the Index reflects
a deduction of 6.0% per annum that accrues daily, and the
performance of the QQQ Fund is subject to a notional
financing cost that accrues daily.
Contingent Interest Payments:
If the notes have not been automatically called and the
closing level of the Index 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
$10.00 (equivalent to a Contingent Interest Rate of at least
12.00% per annum, payable at a rate of at least 1.00% per
month) (to be provided in the pricing supplement).
If the closing level of the Index 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 12.00% per annum,
payable at a rate of at least 1.00% per month (to be provided
in the pricing supplement)
Interest Barrier/Trigger Value: 70.00% of the Initial Value
Pricing Date:On or about September 6, 2024
Original Issue Date (Settlement Date):On or about
September 11, 2024
Review Dates*:October 7, 2024, November 6, 2024,
December 6, 2024, January 6, 2025, February 6, 2025, March
6, 2025, April 7, 2025, May 6, 2025, June 6, 2025, July 7,
2025, August 6, 2025, September 8, 2025, October 6, 2025,
November 6, 2025, December 8, 2025, January 6, 2026,
February 6, 2026, March 6, 2026, April 6, 2026, May 6, 2026,
June 8, 2026, July 6, 2026, August 6, 2026 and September 8,
2026 (final Review Date)
Interest Payment Dates*:October 10, 2024, November 12,
2024, December 11, 2024, January 9, 2025, February 11,
2025, March 11, 2025, April 10, 2025, May 9, 2025, June 11,
2025, July 10, 2025, August 11, 2025, September 11, 2025,
October 9, 2025, November 12, 2025, December 11, 2025,
January 9, 2026, February 11, 2026, March 11, 2026, April 9,
2026, May 11, 2026, June 11, 2026, July 9, 2026, August 11,
2026 and the Maturity Date
Maturity Date*:September 11, 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 "Supplemental Terms of the Notes -
Postponement of a Determination Date - Notes Linked Solely to an
Index" in the accompanying underlying supplement and "General
Terms of Notes-Postponement of a Payment Date" in the
accompanying product supplement
Automatic Call:
If the closing level of the Index on any Review Date (other
than the first, second and final Review Dates) is greater than
or equal to the 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 is greater than or equal to the 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 is less than the Trigger Value, your payment at maturity
per $1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Index Return)
If the notes have not been automatically called and the Final
Value is less than the 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.
Index Return:
(Final Value - Initial Value)
Initial Value
Initial Value: The closing level of the Index on the Pricing
Date
Final Value:The closing level of the Index on the final Review
Date