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 at least $8.9167
(equivalent to a Contingent Interest Rate of at least 10.70% per
annum, payable at a rate of at least 0.89167% per month) (to be
provided in the pricing supplement).
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: At least 10.70% per annum, payable
at a rate of at least 0.89167% per month (to be provided in the
pricing supplement)
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value
Pricing Date: On or about March 15, 2024
Original Issue Date (Settlement Date): On or about March 20,
2024
Review Dates*: April 15, 2024, May 15, 2024, June 17, 2024,
July 15, 2024, August 15, 2024, September 16, 2024, October
15, 2024, November 15, 2024, December 16, 2024, January 15,
2025, February 18, 2025, March 17, 2025, April 15, 2025, May
15, 2025, June 16, 2025, July 15, 2025, August 15, 2025,
September 15, 2025, October 15, 2025, November 17, 2025,
December 15, 2025, January 15, 2026 and February 17, 2026
(the “final Review Date”)
Interest Payment Dates*: April 18, 2024, May 20, 2024, June
21, 2024, July 18, 2024, August 20, 2024, September 19, 2024,
October 18, 2024, November 20, 2024, December 19, 2024,
January 21, 2025, February 21, 2025, March 20, 2025, April 21,
2025, May 20, 2025, June 20, 2025, July 18, 2025, August 20,
2025, September 18, 2025, October 20, 2025, November 20,
2025, December 18, 2025, January 21, 2026 and the Maturity
Date
Maturity Date*: February 20, 2026
* 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 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 30.00% 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
Final Value: With respect to each Index, the closing level of that
Index on the final Review Date
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