Issuer: JPMorgan Chase Financial Company LLC, an indirect,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Nasdaq-100® Technology Sector IndexSM
(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 $7.9583 (equivalent to a
Contingent Interest Rate of 9.55% per annum, payable at a rate
of 0.79583% 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: 9.55% per annum, payable at a rate
of 0.79583% per month
Interest Barrier: With respect to each Index, 70.00% of its Initial
Value, which is 7,388.157 for the Nasdaq-100® Technology
Sector IndexSM, 1,471.75 for the Russell 2000® Index and
3,715.691 for the S&P 500® Index
Trigger Value: With respect to each Index, 60.00% of its Initial
Value, which is 6,332.706 for the Nasdaq-100® Technology
Sector IndexSM, 1,261.50 for the Russell 2000® Index and
3,184.878 for the S&P 500® Index
Pricing Date: May 20, 2024
Original Issue Date (Settlement Date): On or about May 23,
2024
Review Dates*: June 20, 2024, July 22, 2024, August 20, 2024,
September 20, 2024, October 21, 2024, November 20, 2024,
December 20, 2024, January 21, 2025, February 20, 2025,
March 20, 2025, April 21, 2025, May 20, 2025, June 20, 2025,
July 21, 2025, August 20, 2025, September 22, 2025, October
20, 2025, November 20, 2025, December 22, 2025, January 20,
2026, February 20, 2026, March 20, 2026, April 20, 2026, May
20, 2026, June 22, 2026, July 20, 2026, August 20, 2026,
September 21, 2026, October 20, 2026, November 20, 2026,
December 21, 2026, January 20, 2027, February 22, 2027,
March 22, 2027, April 20, 2027 and May 20, 2027 (the “final
Review Date”)
Interest Payment Dates*: June 25, 2024, July 25, 2024, August
23, 2024, September 25, 2024, October 24, 2024, November
25, 2024, December 26, 2024, January 24, 2025, February 25,
2025, March 25, 2025, April 24, 2025, May 23, 2025, June 25,
2025, July 24, 2025, August 25, 2025, September 25, 2025,
October 23, 2025, November 25, 2025, December 26, 2025,
January 23, 2026, February 25, 2026, March 25, 2026, April 23,
2026, May 26, 2026, June 25, 2026, July 23, 2026, August 25,
2026, September 24, 2026, October 23, 2026, November 25,
2026, December 24, 2026, January 25, 2027, February 25,
2027, March 25, 2027, April 23, 2027 and the Maturity Date
Maturity Date*: May 25, 2027
*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
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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 10,554.51 for the
Nasdaq-100® Technology Sector IndexSM, 2,102.500 for the
Russell 2000® Index and 5,308.13 for the S&P 500® Index
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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