Issuer: JPMorgan Chase Financial Company LLC, an indirect,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Indices: The Dow Jones Industrial Average™ (Bloomberg
ticker: INDU), the NASDAQ-100 Index® (Bloomberg ticker:
NDX) and the Russell 2000® Index (Bloomberg ticker: RTY)
(each an “Index” and collectively, the “Indices”)
Contingent Interest Payments:
If the notes have not been automatically called and the closing
level of each Index on any Review Date is greater than or
equal to its Interest Barrier, you will receive on the applicable
Interest Payment Date for each $1,000 principal amount note
a Contingent Interest Payment equal to $8.9583 (equivalent to
a Contingent Interest Rate of 10.75% per annum, payable at a
rate of 0.89583% per month).
If the closing level of any Index on any Review Date is less
than its Interest Barrier, no Contingent Interest Payment will be
made with respect to that Review Date.
Contingent Interest Rate: 10.75% per annum, payable at a
rate of 0.89583% per month
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 22,571.206 for the Dow
Jones Industrial Average™, 8,793.827 for the NASDAQ-100
Index® and 1,221.493 for the Russell 2000® Index
Pricing Date: March 20, 2023
Original Issue Date (Settlement Date): On or about March
23, 2023
Review Dates*: April 20, 2023, May 22, 2023, June 20, 2023,
July 20, 2023, August 21, 2023, September 20, 2023, October
20, 2023, November 20, 2023, December 20, 2023, January
22, 2024, February 20, 2024, March 20, 2024, April 22, 2024,
May 20, 2024, June 20, 2024, July 22, 2024, August 20, 2024
and September 17, 2024 (final Review Date)
Interest Payment Dates*: April 25, 2023, May 25, 2023, June
23, 2023, July 25, 2023, August 24, 2023, September 25,
2023, October 25, 2023, November 24, 2023, December 26,
2023, January 25, 2024, February 23, 2024, March 25, 2024,
April 25, 2024, May 23, 2024, June 25, 2024, July 25, 2024,
August 23, 2024 and the Maturity Date
Maturity Date*: September 20, 2024
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first, second, third, fourth, fifth
and final Review Dates), the first Interest Payment Date
immediately following that Review Date
* 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 Multiple Underlyings” 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 each Index on any Review Date (other
than the first, second, third, fourth, fifth and final Review
Dates) is greater than or equal to its Initial 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
Contingent Interest Payment applicable to that Review Date,
payable on the applicable Call Settlement Date. No further
payments will be made on the notes.
Payment at Maturity:
If the notes have not been automatically called and the Final
Value of each Index is greater than or equal to its Trigger
Value, you will receive a cash payment at maturity, for each
$1,000 principal amount note, equal to (a) $1,000 plus (b) the
Contingent Interest Payment applicable to the final Review
Date.
If the notes have not been automatically called and the Final
Value of any Index is less than its Trigger Value, your payment
at maturity per $1,000 principal amount note will be calculated
as follows:
$1,000 + ($1,000 × Least Performing Index Return)
If the notes have not been automatically called and the Final
Value of any Index is less than its Trigger Value, you will lose
more than 30.00% of your principal amount at maturity and
could lose all of your principal amount at maturity.
Least Performing Index: The Index with the Least Performing
Index Return
Least Performing Index Return: The lowest of the Index
Returns of the Indices
Index Return: With respect to each Index,
(Final Value – Initial Value)
Initial Value
Initial Value: With respect to each Index, the closing level of
that Index on the Pricing Date, which was 32,244.58 for the
Dow Jones Industrial Average™, 12,562.61 for the
NASDAQ-100 Index® and 1,744.990 for the Russell 2000®
Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date
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