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
|
|
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
|