|
JPMorgan Chase Financial Company LLC Fully and Unconditionally Guaranteed by JPMorgan Chase & Co. Market Linked Securities |
Filed Pursuant to Rule 433 Registration Statement Nos. 333-270004 and |
|
| |
|
Market Linked Securities — Upside Participation with Contingent Minimum Return and Contingent Downside Principal at Risk Securities Linked to the Lowest Performing of the iShares® MSCI EAFE ETF and the Russell 2000® Index due November 30, 2029 Fact Sheet dated November 19, 2024 to Preliminary Pricing Supplement dated November 19, 2024 | |
Summary of Terms
| Issuer: | JPMorgan Chase Financial Company LLC |
| Guarantor: | JPMorgan Chase & Co. |
| Underlyings: | iShares® MSCI EAFE ETF (the “Fund”) and Russell 2000® Index (the “Index”) |
| Pricing Date1: | November 27, 2024 |
| Issue Date1: | December 3, 2024 |
| Calculation Day1, 2: | November 27, 2029 |
| Stated Maturity Date1, 2: | November 30, 2029 |
| Principal Amount: | $1,000 per security (100% of par) |
| Maturity Payment Amount: | · If the ending value of the lowest performing Underlying is greater than or equal to its threshold value: $1,000 plus the greater of: (i) the contingent minimum return; and (ii) $1,000 × underlying return of the lowest performing Underlying × upside participation rate; or · If the ending value of the lowest performing Underlying is less than its threshold value: $1,000 + ($1,000 × underlying return of the lowest performing Underlying) |
| Lowest Performing Underlying | The Underlying with the lowest underlying return |
| Contingent Minimum Return: | At least 44.15% of the principal amount (at least $441.50 per security) (to be provided in the pricing supplement) |
Upside Participation Rate: |
100% |
| Starting Value: | For each Underlying, its closing value on the pricing date |
| Ending Value: | For each Underlying, its closing value on the calculation day |
| Threshold Value: | For each Underlying, 75% of its starting value |
| Underlying Return: | For each Underlying, (ending value – starting value) / starting value |
| Calculation Agent: | J.P. Morgan Securities LLC (“JPMS”) |
| Denominations: | $1,000 and any integral multiple of $1,000 |
| CUSIP: | 48135VVC9 |
| Fees and Commissions: | Up to 0.77% for Wells Fargo Securities, LLC (“WFS”); WFS has advised us that dealers, including Wells Fargo Advisors (“WFA”), may receive 0.15% of WFS’s fee, and WFA may also receive a distribution expense fee of 0.12%. In addition, with respect of certain securities sold in this offering, JPMS may pay a fee of up to 0.15% to selected dealers in consideration for marketing and other services in connection with the distribution of the securities to other dealers. |
| Tax Considerations: | See the preliminary pricing supplement. |
1 Subject to change 2 Subject to postponement | |
Hypothetical Payout Profile*
*Assumes a contingent minimum return equal to the minimum contingent minimum return.
If the ending value of the lowest performing Underlying is less than its threshold value, you will have full downside exposure to the decrease in the value of that Underlying from its starting value and will lose more than 25%, and possibly all, of the principal amount of your securities at maturity.
The securities 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 securities is subject to the credit risk of JPMorgan Financial, as issuer of the securities, and the credit risk of JPMorgan Chase & Co., as guarantor of the securities.
If the securities priced on the date of the accompanying preliminary pricing supplement, the estimated value of the securities would be approximately $978.80 per security. The estimated value of the securities, when the terms of the securities are set, will be provided in the pricing supplement and will not be less than $950.00 per security. See “The Estimated Value of the Securities” in the preliminary pricing supplement for additional information.
Preliminary Pricing Supplement: http://www.sec.gov/Archives/edgar/data/1665650/000121390024099849/
ea0221729-01_424b2.htm
The securities have complex features and investing in the securities involves risks not associated with an investment in conventional debt securities. See “Risk Factors” in the accompanying prospectus supplement and the accompanying product supplement, Annex A to the accompanying prospectus addendum and “Selected Risk Considerations” in the accompanying preliminary pricing supplement.
The securities are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank.
THIS FACT SHEET DOES NOT PROVIDE ALL OF THE INFORMATION THAT AN INVESTOR SHOULD CONSIDER PRIOR TO MAKING AN INVESTMENT DECISION. This fact sheet should be read in conjunction with the accompanying preliminary pricing supplement, prospectus, prospectus supplement, prospectus addendum, product supplement and underlying supplement.
Selected Risk Considerations
The risks set forth below are discussed in detail in the “Selected Risk Considerations” section in the accompanying preliminary pricing supplement, the “Risk Factors” sections in the accompanying prospectus supplement and product supplement and Annex A to the accompanying prospectus addendum. Please review the risk disclosure carefully.
|
· If the Ending Value of the Lowest Performing Underlying Is Less Than Its Threshold Value, You Will Lose More Than 25%, and Possibly All, of the Principal Amount of Your Securities at Maturity. · Your Ability to Receive the Contingent Minimum Return May Terminate on the Calculation Day. · The Securities Are Subject to the Credit Risks of JPMorgan Financial and JPMorgan Chase & Co. · As a Finance Subsidiary, JPMorgan Financial Has No Independent Operations and Has Limited Assets. · You Are Exposed to the Risk of Decline in the Value of Each Underlying. · Your Maturity Payment Amount Will Be Determined by the Lowest Performing Underlying. · You Will Be Subject to Risks Resulting from the Relationship Between the Underlyings. · The Benefit Provided by the Threshold Value May Terminate on the Calculation Day. · No Interest or Dividend Payments or Voting Rights · Lack of Liquidity · The Final Terms and Estimated Valuation of the Securities Will Be Provided in the Pricing Supplement. · The U.S. Federal Tax Consequences of the Securities Are Uncertain, and May Be Adverse to a Holder of the Securities. · Potential Conflicts · The Estimated Value of the Securities Will Be Lower Than the Original Issue Price (Price to Public) of the Securities. · The Estimated Value of the Securities Does Not Represent Future Values of the Securities and May Differ from Others’ Estimates. |
· The Estimated Value of the Securities Is Derived by Reference to an Internal Funding Rate. · The Value of the Securities as Published by JPMS (and Which May Be Reflected on Customer Account Statements) May Be Higher Than the Then-Current Estimated Value of the Securities for a Limited Time Period. · Secondary Market Prices of the Securities Will Likely Be Lower Than the Original Issue Price of the Securities. · Many Economic and Market Factors Will Impact the Value of the Securities. · There Are Risks Associated with the Fund. · The Performance and Market Value of the Fund, Particularly During Periods of Market Volatility, May Not Correlate with the Performance of the Fund’s Fund Underlying Index As Well As the Net Asset Value Per Share. · The Securities Are Subject to Non-U.S. Securities Risk with Respect to the Fund. · The Securities Are Subject to Currency Exchange Risk with Respect to the Fund. · The Anti-Dilution Protection for the Fund Is Limited and May Be Discretionary. · An Investment in the Securities Is Subject to Risks Associated with Small Capitalization Stocks with Respect to the Index. · The Maturity Payment Amount Will Depend upon the Performance of Each Underlying and Therefore the Securities Are Subject to the Risks Associated with the Underlyings, as Discussed in the Accompanying Pricing Supplement and Product Supplement.
|
SEC Legend: JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to this offering that JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. has filed with the SEC for more complete information about JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. and this offering. You may get these documents without cost by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co., 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, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-866-535-9248.
As used in this fact sheet, “we,” “us” and “our” refer to JPMorgan Financial Company LLC. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
2