JPMorgan Chase Financial Company LLC

JPMorgan Chase Financial Company LLC

The terms of the Notes offered are summarized in the preliminary pricing supplement hyperlinked below. Summary of Terms Issuer: JPMorgan Chase Financial Company LLC Guarantor: JPMorgan Chase & Co. Minimum Value Classes: $1,000 Reference Stocks: Common Stock of Microsoft Corporation and Common Stock of Amazon.com, Inc. Pricing Date: February 20, 2024 Final Review Date: August 20, 2025 Due Date: August 25, 2025 Review Dates: Potential Quarterly Interest Rate: At least 6.46%* annually, paid quarterly at a rate of at least 1.615%*, if applicable Barrier Interest/Reserve Threshold: With respect to each Reference Share, the amount representing 70.00% of the Reserve Amount of Initial Value: 30.00% CUSIP: 48134WFU6 Initial Pricing Supplement: http://sp.jpmorgan.com/document/cusip/48134WFU6/doctype /Product_Termsheet/document.pdf Estimated Value: The estimated value of the Notes, when the terms of the Notes are determined, will not be less than $950.00 per $1,000 of principal amount of the Notes. For information about the estimated value of the Notes, which is likely to be less than the price you paid for the Notes, please see the hyperlink above. Automatic Call If the closing price of one share of each Reference Share on any review date (other than the final review date) is greater than or equal to its initial value, the Notes will be automatically called for cash, for each $1,000 Note in principal amount, equal to (a) $1,000 US plus (b) the contingent interest payment applicable to such review date plus (c) any previously unpaid contingent interest payments for any prior review dates, payable on the applicable call settlement date. No further payments will be made on the Notes. Payment at Maturity If the Notes are not automatically called and the terminal value of each Reference Share is greater than or equal to its stock threshold, you will receive a cash payment at maturity, per $1,000 principal amount, equal to (a) $1,000 plus (b). ) the potential interest payment applicable to the final review date plus (c) any unpaid potential interest payments for any prior review dates. If the bonds are not automatically called and the final value of any of the reference shares is less than their reserve limit, your payment at maturity per $1,000 principal amount will be calculated as follows: $1,000 + ($1,000 î (return of the lowest performing stock + reserve amount)) ) If the Notes are not automatically called and the final value of any of the Reference Shares is less than their reserve limit, you will lose some or most of the principal amount at maturity. Capitalized terms used but not defined herein shall have the meanings set forth in the Prime Pricing Supplement. Any payment on the notes is subject to the credit risk of JPMorgan Chase Financial Company LLC, as the issuer of the notes, and the credit risk of JPMorgan Chase & Co., as the guarantor of the notes. Default Pay at Maturity for JP Morgan Structured Investments | 1 800 576 3529 | jpm_structured_inv e (email protected) 18m MSFT/AMZN Automatically Callable Potential Interest Bonds in North America Structured Investments Pay at Maturity (assuming 6.46% per annum potential interest rate) Return of Underperforming Stocks $1,016.15 60.00% $1,016.15 40.00% $1,016.15 20.00% 1,016 $15.15 % $700.00 – 60.00% $500.00 – 80.0 0% $300.00 – 100.00% This table does not show How your interest payments may vary over the term is based on your notes. Contingent Interest *If the Notes are not automatically called and the closing price of one share of each Reference Stock on any review date is greater than or equal to its interest threshold, you will receive on the applicable interest payment date per $1,000 principal amount Note that the contingent interest payment Equals at least $16.15 (equivalent to a contingent interest rate of at least 6.46% per annum, paid at a rate of at least 1.615% per quarter), plus any unpaid potential interest payments for any prior review. Dates. The default payments on the Notes described above apply only if you hold the Notes for the duration or until they are automatically called. These assumptions do not reflect fees or expenses that may be associated with any secondary market sale. If these fees and expenses were included, the default payments shown above would likely be lower.

JP Morgan Structured Investments | 1 800 576 3529 | (email protected) Selected Risks • Your investment in securities may result in a loss. The notes do not guarantee any return of capital. • Bonds do not guarantee the payment of interest and may not pay interest at all. • Any payment on the Notes is subject to the credit risk of JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. Therefore, the value of the notes before maturity will be subject to changes in the market’s view of the creditworthiness of JPMorgan Chase Financial LLC or JPMorgan Chase & Co. – The potential for a bond to rise in value is limited to the sum of any potential interest payments that may be made over the term of the bond. • You are exposed to the risk of a decline in the price of one share of each reference stock. • Your payment at maturity will be determined by the lowest performing reference stock. • The auto-connect feature may force a possible early exit. • There are no dividends or voting rights. • Protection against dilution for each reference stock is limited and may be discretionary. • As a financial subsidiary, JPMorgan Chase Financial Company LLC has no independent operations and limited assets. Selected Risks (continued) • The estimated value of the bonds will be less than the original issue price (price to the public) of the bonds. • The estimated value of bonds is determined by reference to the internal financing rate. • The estimated value of bonds does not represent future values ​​and may differ from the estimates of others. • The value of the bonds, which may be reflected in customer account statements, may be higher than the current estimated value of the bonds for a limited period of time. • Lack of Liquidity: JP Morgan Securities LLC (which we refer to as JPMS) intends to offer to purchase the Notes in the secondary market but is not required to do so. The price, if any, at which JPMS would be willing to purchase notes from you in the secondary market could result in a significant loss of your principal. • Potential Disputes: We and our affiliates play a variety of roles in connection with the issuance of the Notes, including acting as agent for calculating and hedging our obligations under the Notes, and establishing the assumptions used to determine the pricing of the Notes and the estimated value of the Notes when the terms of the Notes are set. Such hedging or other trading activities of JP Morgan or its subsidiaries could result in significant returns for JP Morgan and its subsidiaries while the value of the notes declines. • The tax consequences of bonds may be uncertain. You should consult your own tax advisor regarding the U.S. federal income tax consequences of investing in the Notes. Additional Information: SEC Myth: JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. have filed. A registration statement (including open surgery) with the Securities and Exchange Commission regarding any offers relating to these materials. Before you invest, you should read the prospectus in this registration statement and other documents relating to this offering filed by JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. To the Securities and Exchange Commission for more complete information about JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. And this offer. You can obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Instead, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. or any agent or any dealer participating in this offering will arrange to send you the prospectus and each prospectus supplement as well as any product supplement and preliminary pricing supplement if you request it. By calling toll-free at 1-866-535-9248. IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion about the United States. The tax matters contained herein (including any attachments) are not intended or written for use, and cannot be used, in connection with promotion, marketing or recommendation by anyone not affiliated with JPMorgan Cha se & Co. For any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. The suitability of an investment must be determined individually for each investor, and the financial instruments described here may not be suitable for all investors. This information is not intended to provide accounting, legal, regulatory or tax advice and should not be relied upon. Investors should consult their advisors regarding these matters. This material is not a product of JPMorgan’s research departments. Free written prospectus filed pursuant to Rule 433, Registration Statement Nos. 333-270004 and 333-270004-01 Structured Investments in North America 18M MSFT/AMZN Automatically Callable Potential Interest Notes The risks identified above are not exhaustive. Please see “Risk Factors” in the applicable Prospectus Supplement and applicable Product Supplement and “Specific Risk Considerations” in the applicable Prospectus Supplement for additional information.

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