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) and the S&P 500® Index (Bloomberg ticker: SPX)
(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 $6.50 (equivalent to a
Contingent Interest Rate of 7.80% per annum, payable at a
rate of 0.65% per month).
If the closing level of either 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: 7.80% per annum, payable at a
rate of 0.65% per month
Interest Barrier/Trigger Value: With respect to each Index,
70.00% of its Initial Value, which is 22,572.585 for the Dow
Jones Industrial Average™ and 2,772.196 for the S&P 500®
Index
Pricing Date: March 16, 2023
Original Issue Date (Settlement Date): On or about March
21, 2023
Review Dates*: April 17, 2023, May 16, 2023, June 16, 2023,
July 17, 2023, August 16, 2023, September 18, 2023, October
16, 2023, November 16, 2023, December 18, 2023, January
16, 2024, February 16, 2024, March 18, 2024, April 16, 2024,
May 16, 2024, June 17, 2024, July 16, 2024, August 16, 2024
and September 16, 2024 (final Review Date)
Interest Payment Dates*: April 20, 2023, May 19, 2023, June
22, 2023, July 20, 2023, August 21, 2023, September 21,
2023, October 19, 2023, November 21, 2023, December 21,
2023, January 19, 2024, February 22, 2024, March 21, 2024,
April 19, 2024, May 21, 2024, June 21, 2024, July 19, 2024,
August 21, 2024 and the Maturity Date
Maturity Date*: September 19, 2024
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first, second 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 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 either 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 × Lesser Performing Index Return)
If the notes have not been automatically called and the Final
Value of either 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.
Lesser Performing Index: The Index with the Lesser
Performing Index Return
Lesser Performing Index Return: The lower 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 32,246.55 for the
Dow Jones Industrial Average™ and 3,960.28 for the S&P
500® Index
Final Value: With respect to each Index, the closing level of
that Index on the final Review Date
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