Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Russell 2000® Index (Bloomberg ticker: RTY), the
S&P 500® Index (Bloomberg ticker: SPX) and the Nasdaq-100
Index® (Bloomberg ticker: NDX)
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 $6.4583 (equivalent to a Contingent
Interest Rate of 7.75% per annum, payable at a rate of
0.64583% 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: 7.75% per annum, payable at a rate
of 0.64583% per month
Interest Barrier / Buffer Threshold: With respect to each
Index, 75.00% of its Initial Value, which is 1,683.444 for the
Russell 2000® Index, 4,478.13 for the S&P 500® Index and
16,104.7575 for the Nasdaq-100 Index®
Buffer Amount: 25.00%
Pricing Date: December 27, 2024
Original Issue Date (Settlement Date): On or about January
2, 2025
Review Dates*: January 27, 2025, February 27, 2025, March
27, 2025, April 28, 2025, May 27, 2025, June 27, 2025, July 28,
2025, August 27, 2025, September 29, 2025, October 27, 2025,
November 28, 2025, December 29, 2025, January 27, 2026,
February 27, 2026, March 27, 2026, April 27, 2026, May 27,
2026, June 29, 2026, July 27, 2026, August 27, 2026,
September 28, 2026, October 27, 2026, November 27, 2026,
December 28, 2026, January 27, 2027, March 1, 2027, March
29, 2027, April 27, 2027, May 27, 2027, June 28, 2027, July 27,
2027, August 27, 2027, September 27, 2027, October 27, 2027,
November 29, 2027 and December 27, 2027 (final Review
Date)
Interest Payment Dates*: January 30, 2025, March 4, 2025,
April 1, 2025, May 1, 2025, May 30, 2025, July 2, 2025, July 31,
2025, September 2, 2025, October 2, 2025, October 30, 2025,
December 3, 2025, January 2, 2026, January 30, 2026, March
4, 2026, April 1, 2026, April 30, 2026, June 1, 2026, July 2,
2026, July 30, 2026, September 1, 2026, October 1, 2026,
October 30, 2026, December 2, 2026, December 31, 2026,
February 1, 2027, March 4, 2027, April 1, 2027, April 30, 2027,
June 2, 2027, July 1, 2027, July 30, 2027, September 1, 2027,
September 30, 2027, November 1, 2027, December 2, 2027
and the Maturity Date
Maturity Date*: December 30, 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
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 Buffer Threshold,
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 Buffer Threshold, your payment at
maturity per $1,000 principal amount note will be calculated as
follows:
$1,000 + [$1,000 × (Least Performing Index Return + Buffer
Amount)]
If the notes have not been redeemed early and the Final Value
of any Index is less than its Buffer Threshold, you will lose some
or most 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 2,244.592 for the
Russell 2000® Index, 5,970.84 for the S&P 500® Index and
21,473.01 for the Nasdaq-100 Index®
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date