摩根大通美股招股说明书(2025-02-04版)

270004 270004-01; Rule 424(b)(2)Pricingsupplement to datedApril 13,2023,the prospectus andprospectus April 13,2023,and theprospect addendum datedJune 3, 2024 orga Cha se Fina ncial panyLLC Stru cture stme nts ate Guar ante organ Cha The notes ent Interest respect Date for which one Refere nce Stock greater than or 50.00% refer to Barrier. •The automa one of the Refere nce Stock than Review Date) isgreaterthan orequal earliestdate onwhich an automa is April30, 2025.• Investo should willing to acceptthe riskof losingsome principal andthe riskthat no Contingent Interest nt maybe respectto some Review Dates. Investo interest dividen payments, in exchange forthe opportu ent Interest Payme nts.• The notes are unsecu unsubo rdinate obligati ons of JPMorgan Chase Financi which we refer to as JPMorgan payment on and unconditionallyguarant an Chase the notes subjec t to the of the notes,and the gan Chase & Co.,as guaran tor of the notes. Minimu m denominations of $1,000and integral multiples thereof •The notes on Januar on or Februa 48136B Investi the notes involve s a numbe risks. See “Risk beginn accom panying prospe ctus A to the accom panyin gprospe ctus adden beginning on of the accom panying produc supplement “Select ed Risk Consid beginn the Securiti “SEC”)nor any state securiti es commis the notes or passed accura cy or the pricingsupplement orthe accom panying product prospectus prospectus and prospectusaddend um. representation to the offense Price to (1) Fees Commi ssions Procee Issuer Per $977.7 Total $864,000 $19,224 $844,776 (1) See“Supple mentalUse ofProceeds” in this pricingsupplement forinformati on about components of the priceto publicof thenotes. (2) J.P.MorganSecurities LLC, which we refer actingas agentforJPMorg an Financial, willpay all of thesellingcommissions of $22.25 per$1,000principal amountnote itreceivesfrom us to otheraffiliated or unaffiliat “Plan of Distributi on (Conflicts of productsupplement. The estima ted value of the the notes were set,was $959.4 amoun t note. See Estima ted in this for additio inform ation. The notes are not bank deposits, are insuredby theFederalDeposit Insuran ce Corporation or obligati ons of,or guarant Structu red ments Auto Callabl e Contingent Interest Class A nate Shares ShopifyInc. KeyTerms Issuer: JPMorgan Chase Financi a direct,whollyowned financesubsidiary ofJPMorg an Chase Guara ntor: JPMorgan Chase Refere nce Stock: The nate votingsharesof Shopify Inc., nopar Contin t the notes not automa and the one of the Refere nce Stock than or Interest Interest nt Date principal amount Contingent Interest nt equalto $28.75 (equivalent to a Conting ent InterestRate of11.50% annum,payable at a rate of 2.875% quarter ).If theclosingprice ofone Refere nce Stock on anyReviewDate is less than the Interest Barrier,no Contingent Interest respectto that Review Contin Interes 11.50% annum,payable at arate of 2.875% t Barrier Trigger Value: $58.40 PricingDate: 2025 Original Date 2025 Dates*: 30,2025,July 31,2025, Octobe 2026 July 31,2026 t Dates*: Februa 2026 Maturit Date*: August 5, 2026Call Settle Date*: If the notes are automa on any Review Date the Review the firstInterestPayment Date immediatelyfollowing that Review Date*Subjectto postponement intheevent of a marketdisruption eventand as described under“GeneralTerms of Notes Postponement of a DeterminationDate — Underlying — NotesLinked SingleUnderlying (OtherThan aCommodity “General of Notes Postponement of a Payment Date”in the accompanyingproduct supplement Autom Call:If one Refere Stock Date final than or Value,the notes automa cash payment, foreach $1,000principal amount note,equalto (a)$1,000 plus(b)the Contingent Interest applica Review payable on the applica Settlem ent Date. No further be on the notes. notes not automa and the Final Value greater than or Value,you willreceivea cash payment atmaturity, for amount $1,000plus(b)the Conting ent Interest the final Review the notes have not automa Value TriggerValue,your payme nt at maturit y per$1,000 principal amount note will be $1,000+ ($1,000× Stock Return)If the notes not called is less than Trigger Value,you willlosemore than 50.00%of yourprincip al amount at maturit y andcouldlose allof your principal amountat maturit Stock Return The one Refere nce which Value: one Refere nce Review Date Adjust ment Factor: Stock Factor referen determi the one Refere nce Stock set equal The Factor subjectto occurre certain corpora te eventsaffecting the Refere nc