05/02/2024 | Press release | Distributed by Public on 05/02/2024 04:01
May , 2024
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Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(2)
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JPMorgan Chase Financial Company LLC
Structured Investments
Capped Notes Linked to the S&P 500® Index due June 4, 2026
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
●The notes are designed for investors who seek exposure to any appreciation of the S&P 500® Index over the term of the notes
up to a maximum return of at least 15.50% at maturity.
●Investors should be willing to forgo interest and dividend payments, while seeking full repayment of principal at maturity.
●The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to as
JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co. Any payment
on the notes is subject to the credit risk of JPMorgan Financial, as issuer of the notes, and the credit risk of
JPMorgan Chase & Co., as guarantor of the notes.
●Minimum denominations of $1,000 and integral multiples thereof
●The notes are expected to price on or about May 31, 2024 and are expected to settle on or about June 5, 2024.
●CUSIP: 48135MDZ8
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Price to Public (1)
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Fees and Commissions (2)
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Proceeds to Issuer
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Per note
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$1,000
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$
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$
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Total
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$
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$
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$
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(1) See "Supplemental Use of Proceeds" in this pricing supplement for information about the components of the price to public of the notes.
(2) J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it
receives from us to other affiliated or unaffiliated dealers. In no event will these selling commissions exceed $10.00 per $1,000 principal
amount note. See "Plan of Distribution (Conflicts of Interest)" in the accompanying product supplement.
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Issuer:JPMorgan Chase Financial Company LLC, an indirect,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor:JPMorgan Chase & Co.
Index: The S&P 500® Index (Bloomberg ticker: SPX)
Participation Rate:100.00%
Maximum Amount: At least $155.00 per $1,000 principal
amount note (to be provided in the pricing supplement)
Pricing Date:On or about May 31, 2024
Original Issue Date (Settlement Date):On or about June 5,
2024
Observation Date*: June 1, 2026
Maturity Date*:June 4, 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 a Single Underlying - Notes
Linked to a Single Underlying (Other Than a Commodity Index)" and
"General Terms of Notes - Postponement of a Payment Date" in the
accompanying product supplement
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Payment at Maturity:
At maturity, you will receive a cash payment, for each $1,000
principal amount note, of $1,000 plus the Additional Amount,
which may be zero and will not be greater than the Maximum
Amount.
You are entitled to repayment of principal in full at maturity,
subject to the credit risks of JPMorgan Financial and
JPMorgan Chase & Co.
Additional Amount:
The Additional Amount payable at maturity per $1,000 principal
amount note will equal:
$1,000 × Index Return × Participation Rate,
provided that the Additional Amount will not be less than zero
or greater than the Maximum Amount.
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 Observation
Date
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PS-1 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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Final Value
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Index Return
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Additional Amount
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Payment at Maturity
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200.00
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100.00%
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$155.00
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$1,155.00
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190.00
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90.00%
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$155.00
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$1,155.00
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180.00
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80.00%
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$155.00
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$1,155.00
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170.00
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70.00%
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$155.00
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$1,155.00
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160.00
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60.00%
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$155.00
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$1,155.00
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150.00
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50.00%
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$155.00
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$1,155.00
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140.00
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40.00%
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$155.00
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$1,155.00
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130.00
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30.00%
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$155.00
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$1,155.00
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120.00
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20.00%
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$155.00
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$1,155.00
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115.50
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15.50%
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$155.00
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$1,155.00
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110.00
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10.00%
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$100.00
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$1,100.00
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105.00
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5.00%
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$50.00
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$1,050.00
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101.00
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1.00%
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$10.00
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$1,010.00
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100.00
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0.00%
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N/A
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$1,000.00
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95.00
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-5.00%
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N/A
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$1,000.00
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90.00
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-10.00%
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N/A
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$1,000.00
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80.00
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-20.00%
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N/A
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$1,000.00
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70.00
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-30.00%
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N/A
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$1,000.00
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60.00
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-40.00%
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N/A
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$1,000.00
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50.00
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-50.00%
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N/A
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$1,000.00
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40.00
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-60.00%
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N/A
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$1,000.00
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30.00
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-70.00%
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N/A
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$1,000.00
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20.00
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-80.00%
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N/A
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$1,000.00
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10.00
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-90.00%
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N/A
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$1,000.00
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0.00
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-100.00%
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N/A
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$1,000.00
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PS-2 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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Note Payoff at Maturity
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············
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Index Performance
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Index Return
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PS-3 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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PS-4 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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PS-5 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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Historical Performance of the S&P 500® Index
Source: Bloomberg
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PS-6 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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PS-7 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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PS-8 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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PS-9 | Structured Investments
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Capped Notes Linked to the S&P 500® Index
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