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 Datefor each $1,000 principal amount note a
Contingent Interest Payment equal to $8.375 (equivalent to a
Contingent Interest Rate of 10.05% per annum, payable at a
rate of 0.8375% 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: 10.05% per annum, payable at a
rate of 0.8375% per month
Interest Barrier:With respect to each Index, 75.00% of its
Initial Value, which is 7,664.8425 for the Nasdaq-100
®
Technology Sector Index
SM
, 1,695.05175 for the Russell 2000
®
Index and 4,094.325 for the S&P 500
®
Index
Trigger Value:With respect to eachIndex, 60.00% of itsInitial
Value, which is 6,131.874 for the Nasdaq-100
®
Technology
Sector Index
SM
, 1,356.0414 for the Russell 2000
®
Index and
3,275.46 for the S&P 500
®
Index
Pricing Date: July 26, 2024
Original Issue Date (Settlement Date): On or about July 31,
2024
Review Dates*: August 26, 2024, September 26, 2024,
October 28, 2024, November 26, 2024, December 26, 2024,
January 27, 2025, February 26, 2025, March 26, 2025, April 28,
2025, May 27, 2025, June 26, 2025, July 28, 2025, August 26,
2025, September 26, 2025, October 27, 2025, November 26,
2025, December 26, 2025, January 26, 2026, February 26,
2026, March 26, 2026, April 27, 2026, May 26, 2026, June 26,
2026, July 27, 2026, August 26, 2026, September 28, 2026,
October 26, 2026, November 27, 2026, December 28, 2026,
January 26, 2027, February 26, 2027, March 29, 2027,April 26,
2027, May 26, 2027, June 28, 2027, July 26, 2027, August 26,
2027, September 27, 2027, October 26, 2027, November 26,
2027, December 27, 2027, January 26, 2028, February 28,
2028, March 27, 2028, April 26, 2028, May 26, 2028, June 26,
2028 and July 26, 2028 (the "final Review Date")
Interest Payment Dates*: August 29, 2024, October 1, 2024,
October 31, 2024, December 2, 2024, December 31, 2024,
January 30, 2025, March 3, 2025, March 31, 2025, May 1,
2025, May 30, 2025, July 1, 2025, July 31, 2025, August 29,
2025, October 1, 2025, October 30, 2025, December 2, 2025,
December 31, 2025, January 29, 2026, March 3, 2026, March
31, 2026, April 30, 2026, May 29, 2026, July 1, 2026, July 30,
2026, August 31, 2026, October 1, 2026, October 29, 2026,
December 2, 2026, December 31, 2026, January 29, 2027,
March 3, 2027, April 1, 2027, April 29, 2027, June 1, 2027, July
1, 2027, July 29, 2027, August 31, 2027, September 30, 2027,
October 29, 2027, December 1, 2027, December 30, 2027,
January 31, 2028, March 2, 2028, March 30, 2028, May 1,
2028, June 1, 2028, June 29, 2028 and the Maturity Date
Maturity Date*: July 31, 2028
*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, which was 10,219.79 for the
Nasdaq-100
®
Technology Sector Index
SM
, 2,260.069 for the
Russell 2000
®
Index and 5,459.10 for the S&P 500
®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date