05/01/2024 | Press release | Distributed by Public on 05/01/2024 08:52
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
Auto Callable Buffered Return Enhanced Notes Linked
to the Russell 2000® Index due May 6, 2027
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
●The notes are designed for investors who seek early exit prior to maturity at a premium if, on the Review Date, the closing
level of the Russell 2000® Index, is at or above the Call Value.
●The date on which an automatic call may be initiated is May 6, 2025.
●The notes are also designed for investors who seek an uncapped return of 2.00 times any appreciation of the Index at
maturity, if the notes have not been automatically called.
●Investors should be willing to forgo interest and dividend payments and be willing to lose up to 90.00% of their principal
amount 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 3, 2024 and are expected to settle on or about May 8, 2024.
●CUSIP: 48135MBD9
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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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$1,000
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Total
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$
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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) All sales of the notes will be made to certain fee-based advisory accounts for which an affiliated or unaffiliated broker-dealer is an
investment adviser. These broker-dealers will forgo any commissions related to these sales. 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 Russell 2000® Index (Bloomberg ticker: RTY)
Call Premium Amount:At least $110.00 per $1,000 principal
amount note (to be provided in the pricing supplement)
Call Value:100.00% of the Initial Value
Upside Leverage Factor:2.00
Buffer Amount: 10.00%
Pricing Date:On or about May 3, 2024
Original Issue Date (Settlement Date):On or about May 8,
2024
Review Date*:May 6, 2025
Call Settlement Date*:May 9, 2025
Observation Date*:May 3, 2027
Maturity Date*:May 6, 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 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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Automatic Call:
If the closing level of the Index on the Review Date is greater
than or equal to the Call Value, the notes will be automatically
called for a cash payment, for each $1,000 principal amount
note, equal to (a) $1,000 plus (b) the Call Premium Amount,
payable on the Call Settlement Date. No further payments will
be made on the notes.
If the notes are automatically called, you will not benefit from
the Upside Leverage Factor that applies to the payment at
maturity if the Final Value is greater than the Initial Value.
Because the Upside Leverage Factor does not apply to the
payment upon an automatic call, the payment upon an
automatic call may be significantly less than the payment at
maturity for the same level of appreciation in the Index.
Payment at Maturity:
If the notes have not been automatically called and the Final
Value is greater than the Initial Value, your payment at maturity
per $1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Index Return × Upside Leverage Factor)
If the notes have not been automatically called and the Final
Value is equal to the Initial Value or is less than the Initial Value
by up to the Buffer Amount, you will receive the principal
amount of your notes at maturity.
If the notes have not been automatically called and the Final
Value is less than the Initial Value by more than the Buffer
Amount, your payment at maturity per $1,000 principal amount
note will be calculated as follows:
$1,000 + [$1,000 × (Index Return + Buffer Amount)]
If the notes have not been automatically called and the Final
Value is less than the Initial Value by more than the Buffer
Amount, you will lose some or most of your principal amount at
maturity.
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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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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PS-2 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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Final Value
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Index Return
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Total Return on the Notes
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Payment at Maturity
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165.00
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65.00%
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130.00%
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$2,300.00
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150.00
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50.00%
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100.00%
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$2,000.00
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140.00
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40.00%
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80.00%
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$1,800.00
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130.00
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30.00%
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60.00%
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$1,600.00
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120.00
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20.00%
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40.00%
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$1,400.00
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110.00
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10.00%
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20.00%
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$1,200.00
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105.00
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5.00%
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10.00%
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$1,100.00
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101.00
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1.00%
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2.00%
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$1,020.00
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100.00
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0.00%
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0.00%
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$1,000.00
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95.00
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-5.00%
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0.00%
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$1,000.00
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90.00
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-10.00%
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0.00%
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$1,000.00
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85.00
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-15.00%
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-5.00%
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$950.00
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80.00
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-20.00%
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-10.00%
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$900.00
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70.00
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-30.00%
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-20.00%
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$800.00
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60.00
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-40.00%
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-30.00%
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$700.00
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50.00
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-50.00%
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-40.00%
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$600.00
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40.00
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-60.00%
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-50.00%
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$500.00
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30.00
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-70.00%
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-60.00%
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$400.00
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20.00
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-80.00%
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-70.00%
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$300.00
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10.00
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-90.00%
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-80.00%
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$200.00
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0.00
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-100.00%
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-90.00%
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$100.00
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PS-3 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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PS-4 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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PS-5 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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PS-6 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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Historical Performance of the Russell 2000® Index
Source: Bloomberg
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PS-7 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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PS-8 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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PS-9 | Structured Investments
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Auto Callable Buffered Return Enhanced Notes Linked to the Russell 2000® Index
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