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[8-K] Nuvve Holding Corp. Reports Material Event

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

JPMorgan Chase Financial Company LLC is offering $951,000 of Capped Accelerated Barrier Notes maturing on July 5, 2030. The notes are unsecured obligations, fully and unconditionally guaranteed by JPMorgan Chase & Co., and are linked to the least-performing of three major U.S. equity indices: the Dow Jones Industrial Average (INDU), Russell 2000 (RTY) and Nasdaq-100 (NDX).

Key economic terms

  • Upside participation: 4.0脳 any positive return of the worst index, capped at 88.25% (max payment = $1,882.50 per $1,000).
  • Barrier protection: 70% of initial level for each index (30% buffer). If any index closes below its barrier on the July 1, 2030 observation date, principal is reduced 1-for-1 with the worst index.
  • Pricing date: July 1 2025; settlement: on/about July 7 2025; maturity: July 5 2030.
  • Issue price: $1,000; selling commission: $11.25 (1.125%); net proceeds: $988.75.
  • Estimated value: $970.40 (reflects internal funding rate and hedging costs, ~2.96% below issue price).
  • Minimum denomination: $1,000; CUSIP 48136FCJ9; no exchange listing.

Payoff profile

  • Upside scenario: If all three indices finish above their initial values, investors receive 4脳 the least-performing index return, up to 88.25%.
  • Par scenario: If any index is 鈮� initial but all three are 鈮� barrier, principal is returned.
  • Downside scenario: If any index is below its barrier, redemption value = $1,000 + ($1,000 脳 worst-index return); losses exceed 30% and may reach 100%.

Principal risks include full downside exposure below the 70% barrier, credit risk of both JPMorgan entities, limited upside, lack of secondary-market liquidity, and an issue price above estimated value. The notes pay no coupons and provide no dividend exposure.

JPMorgan Chase Financial Company LLC offre Notes con Barriera Accelerata Limitata per un valore di $951.000, con scadenza il 5 luglio 2030. Questi titoli sono obbligazioni non garantite, completamente e incondizionatamente garantite da JPMorgan Chase & Co., e sono legati al peggior rendimento tra tre importanti indici azionari statunitensi: Dow Jones Industrial Average (INDU), Russell 2000 (RTY) e Nasdaq-100 (NDX).

Termini economici principali

  • Partecipazione al rialzo: 4,0脳 qualsiasi rendimento positivo del peggior indice, con un limite massimo dell'88,25% (pagamento massimo = $1.882,50 per ogni $1.000 investiti).
  • Protezione barriera: 70% del livello iniziale per ciascun indice (buffer del 30%). Se un indice chiude sotto la barriera nella data di osservazione del 1掳 luglio 2030, il capitale 猫 ridotto 1 a 1 in base al rendimento del peggior indice.
  • Data di prezzo: 1 luglio 2025; regolamento: circa 7 luglio 2025; scadenza: 5 luglio 2030.
  • Prezzo di emissione: $1.000; commissione di vendita: $11,25 (1,125%); proventi netti: $988,75.
  • Valore stimato: $970,40 (considera il tasso di finanziamento interno e i costi di copertura, circa il 2,96% sotto il prezzo di emissione).
  • Taglio minimo: $1.000; CUSIP 48136FCJ9; non quotato in borsa.

Profilo di rimborso

  • Scenario rialzista: Se tutti e tre gli indici chiudono sopra i valori iniziali, gli investitori ricevono 4脳 il rendimento del peggior indice, fino a un massimo dell'88,25%.
  • Scenario di parit脿: Se un indice 猫 鈮� al valore iniziale ma tutti e tre sono 鈮� barriera, il capitale viene restituito.
  • Scenario ribassista: Se un indice 猫 sotto la barriera, il valore di rimborso = $1.000 + ($1.000 脳 rendimento del peggior indice); le perdite superano il 30% e possono arrivare al 100%.

Rischi principali includono l'esposizione completa al ribasso sotto la barriera del 70%, il rischio di credito delle entit脿 JPMorgan, il potenziale limitato di guadagno, la scarsa liquidit脿 sul mercato secondario e un prezzo di emissione superiore al valore stimato. Le note non pagano cedole n茅 offrono esposizione ai dividendi.

JPMorgan Chase Financial Company LLC ofrece Notas con Barrera Acelerada Limitada por un total de $951,000, con vencimiento el 5 de julio de 2030. Estas notas son obligaciones no garantizadas, totalmente y de forma incondicional garantizadas por JPMorgan Chase & Co., y est谩n vinculadas al rendimiento m谩s bajo de tres importantes 铆ndices burs谩tiles de EE. UU.: Dow Jones Industrial Average (INDU), Russell 2000 (RTY) y Nasdaq-100 (NDX).

T茅rminos econ贸micos clave

  • Participaci贸n al alza: 4.0脳 cualquier rendimiento positivo del peor 铆ndice, con un tope del 88.25% (pago m谩ximo = $1,882.50 por cada $1,000).
  • Protecci贸n de barrera: 70% del nivel inicial para cada 铆ndice (30% de margen). Si alg煤n 铆ndice cierra por debajo de su barrera en la fecha de observaci贸n del 1 de julio de 2030, el principal se reduce 1 a 1 seg煤n el peor 铆ndice.
  • Fecha de precio: 1 de julio de 2025; liquidaci贸n: alrededor del 7 de julio de 2025; vencimiento: 5 de julio de 2030.
  • Precio de emisi贸n: $1,000; comisi贸n de venta: $11.25 (1.125%); ingresos netos: $988.75.
  • Valor estimado: $970.40 (refleja tasa interna de financiaci贸n y costos de cobertura, aproximadamente 2.96% por debajo del precio de emisi贸n).
  • Denominaci贸n m铆nima: $1,000; CUSIP 48136FCJ9; sin cotizaci贸n en bolsa.

Perfil de pago

  • Escenario alcista: Si los tres 铆ndices terminan por encima de sus valores iniciales, los inversionistas reciben 4脳 el rendimiento del 铆ndice con peor desempe帽o, hasta un m谩ximo del 88.25%.
  • Escenario de paridad: Si alg煤n 铆ndice est谩 鈮� inicial pero los tres est谩n 鈮� barrera, se devuelve el principal.
  • Escenario bajista: Si alg煤n 铆ndice est谩 por debajo de su barrera, el valor de redenci贸n = $1,000 + ($1,000 脳 rendimiento del peor 铆ndice); las p茅rdidas superan el 30% y pueden llegar al 100%.

Riesgos principales incluyen exposici贸n total a la baja por debajo de la barrera del 70%, riesgo crediticio de ambas entidades JPMorgan, potencial limitado de ganancia, falta de liquidez en el mercado secundario y un precio de emisi贸n superior al valor estimado. Las notas no pagan cupones ni ofrecen exposici贸n a dividendos.

JPMorgan Chase Financial Company LLC電� 2030雲� 7鞗� 5鞚� 毵岅赴鞚� 靸來暅 臧�靻� 氚半Μ鞏� 雲疙姼毳� $951,000 攴滊搿� 鞝滉车頃╇媹雼�. 鞚� 雲疙姼霌れ潃 氍措嫶氤� 毂勲鞚措┌, JPMorgan Chase & Co.臧� 鞝勳暋 氚� 氍挫“瓯挫爜鞙茧 氤挫頃╇媹雼�. 霕愴暅 氙戈淡鞚� 欤检殧 3臧� 欤缄皜歆�靾� 欷� 斓滌爛 靹标臣 歆�靾橃澑 雼れ毎臁挫姢 靷办梾韽夑窢歆�靾�(INDU), 霟厐 2000(RTY), 雮橃姢雼� 100(NDX)鞐� 鞐半彊霅╇媹雼�.

欤检殧 瓴届牅 臁瓣贝

  • 靸侅姽 彀胳棳: 斓滌爛 靹标臣 歆�靾橃潣 旮嶌爼鞝� 靾橃澋毳犾棎 雽�頃� 4.0氚�, 斓滊寑 88.25% 靸來暅 (斓滊寑 歆�旮夓暋 = $1,000雼� $1,882.50).
  • 氚半Μ鞏� 氤错樃: 臧� 歆�靾橂硠 齑堦赴 靾橃鞚� 70% (30% 氩勴嵓). 2030雲� 7鞗� 1鞚� 甏�旄§澕鞐� 鞏措姁 頃� 歆�靾橁皜 氚半Μ鞏� 鞎勲灅搿� 毵堦皭頃橂┐ 鞗愱笀鞚� 斓滌爛 歆�靾� 靾橃澋毳犾棎 霐半澕 1雽�1搿� 臧愳唽.
  • 臧�瓴� 瓴办爼鞚�: 2025雲� 7鞗� 1鞚�; 瓴办牅鞚�: 2025雲� 7鞗� 7鞚缄步; 毵岅赴鞚�: 2030雲� 7鞗� 5鞚�.
  • 氚滍枆臧�: $1,000; 韺愲Г 靾橃垬耄�: $11.25 (1.125%); 靾滌垬鞚�: $988.75.
  • 於旍爼 臧�旃�: $970.40 (雮措秬 鞛愱笀 臁半嫭 牍勳毄 氚� 項れ 牍勳毄 氚橃榿, 氚滍枆臧� 雽�牍� 鞎� 2.96% 雮潓).
  • 斓滌唽 雼渼: $1,000; CUSIP 48136FCJ9; 瓯半灅靻� 氙胳儊鞛�.

靸來櫂 甑“

  • 靸侅姽 鞁滊倶毽槫: 靹� 歆�靾� 氇憪 齑堦赴臧� 鞚挫儊 毵堦皭 鞁�, 韴瀽鞛愲姅 斓滌爛 靹标臣 歆�靾� 靾橃澋毳犾潣 4氚半ゼ 斓滊寑 88.25%旯岇 靾橂牴.
  • 鞗愱笀 氤挫灔 鞁滊倶毽槫: 鞏措姁 頃� 歆�靾橁皜 齑堦赴臧� 鞚错晿鞚挫毵� 靹� 歆�靾� 氇憪 氚半Μ鞏� 鞚挫儊鞚� 瓴届毎 鞗愱笀 氚橅櫂.
  • 頃橂澖 鞁滊倶毽槫: 鞏措姁 頃� 歆�靾橁皜 氚半Μ鞏� 鞎勲灅鞚� 瓴届毎 靸來櫂 旮堨暋 = $1,000 + ($1,000 脳 斓滌爛 歆�靾� 靾橃澋毳�); 靻愳嫟鞚� 30%毳� 齑堦臣頃橂┌ 斓滊寑 100%旯岇 氚滌儩 臧�電�.

欤检殧 鞙勴棙鞚� 70% 氚半Μ鞏� 鞚错晿鞐愳劀鞚� 鞝勲┐鞝侅澑 頃橂澖 雲胳稖, JPMorgan 鞏戩偓 鞁犾毄 鞙勴棙, 鞝滍暅霅� 靸侅姽 鞛犾灛霠�, 2彀� 鞁滌灔 鞙犽彊靹� 攵�臁�, 攴鸽Μ瓿� 氚滍枆臧�臧� 於旍爼 臧�旃橂炒雼� 雴掛潃 鞝愳潉 韽暔頃╇媹雼�. 鞚� 雲疙姼電� 鞚挫瀽毳� 歆�旮夗晿歆� 鞎婌溂氅� 氚半嫻 雲胳稖霃� 鞝滉车頃橃 鞎婌姷雼堧嫟.

JPMorgan Chase Financial Company LLC propose des Notes 脿 Barri猫re Acc茅l茅r茅e Plafonn茅e d'une valeur de 951 000 $, arrivant 脿 茅ch茅ance le 5 juillet 2030. Ces notes sont des obligations non s茅curis茅es, enti猫rement et inconditionnellement garanties par JPMorgan Chase & Co., et sont li茅es 脿 la performance la plus faible de trois indices boursiers majeurs am茅ricains : le Dow Jones Industrial Average (INDU), le Russell 2000 (RTY) et le Nasdaq-100 (NDX).

Principaux termes 茅conomiques

  • Participation 脿 la hausse : 4,0脳 toute performance positive de l'indice le moins performant, plafonn茅e 脿 88,25% (paiement maximal = 1 882,50 $ par tranche de 1 000 $).
  • Protection barri猫re : 70 % du niveau initial pour chaque indice (marge de 30 %). Si un indice cl么ture en dessous de sa barri猫re 脿 la date d'observation du 1er juillet 2030, le capital est r茅duit 1 pour 1 selon la performance de l'indice le plus faible.
  • Date de tarification : 1er juillet 2025 ; r猫glement : vers le 7 juillet 2025 ; 茅ch茅ance : 5 juillet 2030.
  • Prix d'茅mission : 1 000 $ ; commission de vente : 11,25 $ (1,125 %) ; produit net : 988,75 $.
  • Valeur estim茅e : 970,40 $ (int猫gre le taux de financement interne et les co没ts de couverture, environ 2,96 % en dessous du prix d'茅mission).
  • Montant minimum : 1 000 $ ; CUSIP 48136FCJ9 ; non cot茅 en bourse.

Profil de remboursement

  • Sc茅nario de hausse : Si les trois indices terminent au-dessus de leurs valeurs initiales, les investisseurs re莽oivent 4脳 la performance de l'indice le moins performant, jusqu'脿 88,25 %.
  • Sc茅nario 脿 l'茅quilibre : Si un indice est 鈮� initial mais que les trois sont 鈮� barri猫re, le capital est rembours茅.
  • Sc茅nario de baisse : Si un indice est en dessous de sa barri猫re, la valeur de remboursement = 1 000 $ + (1 000 $ 脳 performance de l'indice le plus faible) ; les pertes d茅passent 30 % et peuvent atteindre 100 %.

Risques principaux comprennent une exposition totale 脿 la baisse sous la barri猫re de 70 %, le risque de cr茅dit des deux entit茅s JPMorgan, un potentiel de hausse limit茅, un manque de liquidit茅 sur le march茅 secondaire et un prix d'茅mission sup茅rieur 脿 la valeur estim茅e. Les notes ne versent pas de coupons et n'offrent pas d'exposition aux dividendes.

JPMorgan Chase Financial Company LLC bietet begrenzte beschleunigte Barriere-Notes im Wert von 951.000 USD mit F盲lligkeit am 5. Juli 2030 an. Die Notes sind unbesicherte Verbindlichkeiten, die vollst盲ndig und bedingungslos von JPMorgan Chase & Co. garantiert werden und an die schlechteste Performance von drei gro脽en US-Aktienindizes gekoppelt sind: Dow Jones Industrial Average (INDU), Russell 2000 (RTY) und Nasdaq-100 (NDX).

Wesentliche wirtschaftliche Bedingungen

  • 础耻蹿飞盲谤迟蝉产别迟别颈濒颈驳耻苍驳: 4,0脳 der positiven Rendite des schlechtesten Index, gedeckelt bei 88,25% (maximale Auszahlung = 1.882,50 USD pro 1.000 USD).
  • Barriere-Schutz: 70 % des Anfangswerts f眉r jeden Index (30 % Puffer). Schlie脽t ein Index am Beobachtungstag 1. Juli 2030 unter seiner Barriere, wird das Kapital 1:1 entsprechend der schlechtesten Indexrendite reduziert.
  • Preisfeststellung: 1. Juli 2025; Abwicklung: ca. 7. Juli 2025; F盲lligkeit: 5. Juli 2030.
  • Ausgabepreis: 1.000 USD; Verkaufsprovision: 11,25 USD (1,125 %); Nettoerl枚s: 988,75 USD.
  • Gesch盲tzter Wert: 970,40 USD (ber眉cksichtigt interne Finanzierungskosten und Absicherungskosten, ca. 2,96 % unter dem Ausgabepreis).
  • Mindestst眉ckelung: 1.000 USD; CUSIP 48136FCJ9; keine B枚rsennotierung.

Auszahlungsprofil

  • 础耻蹿飞盲谤迟蝉蝉锄别苍补谤颈辞: Wenn alle drei Indizes 眉ber ihren Anfangswerten schlie脽en, erhalten Anleger das Vierfache der Rendite des schlechtesten Index, bis maximal 88,25 %.
  • Par-Szenario: Wenn ein Index 鈮� Anfangswert, aber alle drei 鈮� Barriere sind, wird das Kapital zur眉ckgezahlt.
  • 础产飞盲谤迟蝉蝉锄别苍补谤颈辞: Wenn ein Index unter seiner Barriere liegt, betr盲gt der R眉ckzahlungswert 1.000 USD + (1.000 USD 脳 Rendite des schlechtesten Index); Verluste 眉bersteigen 30 % und k枚nnen bis zu 100 % betragen.

Haupts盲chliche Risiken umfassen die volle Abw盲rtsrisiko unterhalb der 70%-Barriere, Kreditrisiko beider JPMorgan-Einheiten, begrenztes Aufw盲rtspotenzial, fehlende Liquidit盲t am Sekund盲rmarkt und einen Ausgabepreis 眉ber dem gesch盲tzten Wert. Die Notes zahlen keine Kupons und bieten keine Dividendenbeteiligung.

Positive
  • 4脳 upside leverage allows amplified participation in equity gains up to 22.06% index appreciation.
  • 30% downside buffer provides conditional principal protection if all indices remain above 70% of initial level.
  • Full and unconditional JPMorgan Chase & Co. guarantee adds blue-chip credit backing.
  • Diversification across large-cap, tech, and small-cap indices offers broad U.S. market exposure.
Negative
  • Upside is capped at 88.25%, limiting returns in strong bull markets.
  • If any index breaches the 70% barrier, losses mirror worst-index performance with no floor.
  • No interim interest or dividends; investors give up carry and dividend yield.
  • Credit risk of JPMorgan entities; note is an unsecured senior obligation.
  • Liquidity risk: no exchange listing and dealer bid likely below face, especially in volatile markets.
  • Issue price exceeds estimated value by ~2.96%, creating immediate negative carry.

Insights

TL;DR 5-year notes offer 4脳 upside to 88.25% with a 30% buffer but expose holders to uncapped downside and JPM credit.

From a product-design standpoint, these notes suit investors willing to trade yield and dividends for leveraged equity participation with partial downside protection. The 4脳 upside looks attractive, but the 88.25% cap is reached once the worst index gains only 22.06%, truncating returns in strong bull markets. The single-index trigger means correlation offers no cushion鈥攐ne index breach drives losses. Credit-spread widening in JPM paper or equity volatility can compress secondary prices, and the estimated value (97.0% of face) highlights immediate negative carry. With no listing and a five-year tenor, investors should be prepared to hold to maturity. Overall market impact on JPM is negligible; the key consideration is suitability for retail structured-product investors.

TL;DR Product embeds 30% soft protection; below that point risk profile mirrors direct equity loss with added JPM credit exposure.

Risk is concentrated in three areas: (1) market path dependency鈥攁ny index breach nullifies the buffer; (2) credit risk鈥攏ote ranks pari passu with other senior JPM debt; (3) liquidity鈥攏o exchange listing and dealer bid likely below theoretical value, especially after the six-month decay of distribution costs. Volatility spikes in small-cap (RTY) and tech (NDX) components raise breach probability versus DJIA. Given the 4脳 leverage, delta quickly approaches cap, leaving holders exposed chiefly to downside gamma. Tax treatment relies on open-transaction doctrine and may change with future IRS guidance.

JPMorgan Chase Financial Company LLC offre Notes con Barriera Accelerata Limitata per un valore di $951.000, con scadenza il 5 luglio 2030. Questi titoli sono obbligazioni non garantite, completamente e incondizionatamente garantite da JPMorgan Chase & Co., e sono legati al peggior rendimento tra tre importanti indici azionari statunitensi: Dow Jones Industrial Average (INDU), Russell 2000 (RTY) e Nasdaq-100 (NDX).

Termini economici principali

  • Partecipazione al rialzo: 4,0脳 qualsiasi rendimento positivo del peggior indice, con un limite massimo dell'88,25% (pagamento massimo = $1.882,50 per ogni $1.000 investiti).
  • Protezione barriera: 70% del livello iniziale per ciascun indice (buffer del 30%). Se un indice chiude sotto la barriera nella data di osservazione del 1掳 luglio 2030, il capitale 猫 ridotto 1 a 1 in base al rendimento del peggior indice.
  • Data di prezzo: 1 luglio 2025; regolamento: circa 7 luglio 2025; scadenza: 5 luglio 2030.
  • Prezzo di emissione: $1.000; commissione di vendita: $11,25 (1,125%); proventi netti: $988,75.
  • Valore stimato: $970,40 (considera il tasso di finanziamento interno e i costi di copertura, circa il 2,96% sotto il prezzo di emissione).
  • Taglio minimo: $1.000; CUSIP 48136FCJ9; non quotato in borsa.

Profilo di rimborso

  • Scenario rialzista: Se tutti e tre gli indici chiudono sopra i valori iniziali, gli investitori ricevono 4脳 il rendimento del peggior indice, fino a un massimo dell'88,25%.
  • Scenario di parit脿: Se un indice 猫 鈮� al valore iniziale ma tutti e tre sono 鈮� barriera, il capitale viene restituito.
  • Scenario ribassista: Se un indice 猫 sotto la barriera, il valore di rimborso = $1.000 + ($1.000 脳 rendimento del peggior indice); le perdite superano il 30% e possono arrivare al 100%.

Rischi principali includono l'esposizione completa al ribasso sotto la barriera del 70%, il rischio di credito delle entit脿 JPMorgan, il potenziale limitato di guadagno, la scarsa liquidit脿 sul mercato secondario e un prezzo di emissione superiore al valore stimato. Le note non pagano cedole n茅 offrono esposizione ai dividendi.

JPMorgan Chase Financial Company LLC ofrece Notas con Barrera Acelerada Limitada por un total de $951,000, con vencimiento el 5 de julio de 2030. Estas notas son obligaciones no garantizadas, totalmente y de forma incondicional garantizadas por JPMorgan Chase & Co., y est谩n vinculadas al rendimiento m谩s bajo de tres importantes 铆ndices burs谩tiles de EE. UU.: Dow Jones Industrial Average (INDU), Russell 2000 (RTY) y Nasdaq-100 (NDX).

T茅rminos econ贸micos clave

  • Participaci贸n al alza: 4.0脳 cualquier rendimiento positivo del peor 铆ndice, con un tope del 88.25% (pago m谩ximo = $1,882.50 por cada $1,000).
  • Protecci贸n de barrera: 70% del nivel inicial para cada 铆ndice (30% de margen). Si alg煤n 铆ndice cierra por debajo de su barrera en la fecha de observaci贸n del 1 de julio de 2030, el principal se reduce 1 a 1 seg煤n el peor 铆ndice.
  • Fecha de precio: 1 de julio de 2025; liquidaci贸n: alrededor del 7 de julio de 2025; vencimiento: 5 de julio de 2030.
  • Precio de emisi贸n: $1,000; comisi贸n de venta: $11.25 (1.125%); ingresos netos: $988.75.
  • Valor estimado: $970.40 (refleja tasa interna de financiaci贸n y costos de cobertura, aproximadamente 2.96% por debajo del precio de emisi贸n).
  • Denominaci贸n m铆nima: $1,000; CUSIP 48136FCJ9; sin cotizaci贸n en bolsa.

Perfil de pago

  • Escenario alcista: Si los tres 铆ndices terminan por encima de sus valores iniciales, los inversionistas reciben 4脳 el rendimiento del 铆ndice con peor desempe帽o, hasta un m谩ximo del 88.25%.
  • Escenario de paridad: Si alg煤n 铆ndice est谩 鈮� inicial pero los tres est谩n 鈮� barrera, se devuelve el principal.
  • Escenario bajista: Si alg煤n 铆ndice est谩 por debajo de su barrera, el valor de redenci贸n = $1,000 + ($1,000 脳 rendimiento del peor 铆ndice); las p茅rdidas superan el 30% y pueden llegar al 100%.

Riesgos principales incluyen exposici贸n total a la baja por debajo de la barrera del 70%, riesgo crediticio de ambas entidades JPMorgan, potencial limitado de ganancia, falta de liquidez en el mercado secundario y un precio de emisi贸n superior al valor estimado. Las notas no pagan cupones ni ofrecen exposici贸n a dividendos.

JPMorgan Chase Financial Company LLC電� 2030雲� 7鞗� 5鞚� 毵岅赴鞚� 靸來暅 臧�靻� 氚半Μ鞏� 雲疙姼毳� $951,000 攴滊搿� 鞝滉车頃╇媹雼�. 鞚� 雲疙姼霌れ潃 氍措嫶氤� 毂勲鞚措┌, JPMorgan Chase & Co.臧� 鞝勳暋 氚� 氍挫“瓯挫爜鞙茧 氤挫頃╇媹雼�. 霕愴暅 氙戈淡鞚� 欤检殧 3臧� 欤缄皜歆�靾� 欷� 斓滌爛 靹标臣 歆�靾橃澑 雼れ毎臁挫姢 靷办梾韽夑窢歆�靾�(INDU), 霟厐 2000(RTY), 雮橃姢雼� 100(NDX)鞐� 鞐半彊霅╇媹雼�.

欤检殧 瓴届牅 臁瓣贝

  • 靸侅姽 彀胳棳: 斓滌爛 靹标臣 歆�靾橃潣 旮嶌爼鞝� 靾橃澋毳犾棎 雽�頃� 4.0氚�, 斓滊寑 88.25% 靸來暅 (斓滊寑 歆�旮夓暋 = $1,000雼� $1,882.50).
  • 氚半Μ鞏� 氤错樃: 臧� 歆�靾橂硠 齑堦赴 靾橃鞚� 70% (30% 氩勴嵓). 2030雲� 7鞗� 1鞚� 甏�旄§澕鞐� 鞏措姁 頃� 歆�靾橁皜 氚半Μ鞏� 鞎勲灅搿� 毵堦皭頃橂┐ 鞗愱笀鞚� 斓滌爛 歆�靾� 靾橃澋毳犾棎 霐半澕 1雽�1搿� 臧愳唽.
  • 臧�瓴� 瓴办爼鞚�: 2025雲� 7鞗� 1鞚�; 瓴办牅鞚�: 2025雲� 7鞗� 7鞚缄步; 毵岅赴鞚�: 2030雲� 7鞗� 5鞚�.
  • 氚滍枆臧�: $1,000; 韺愲Г 靾橃垬耄�: $11.25 (1.125%); 靾滌垬鞚�: $988.75.
  • 於旍爼 臧�旃�: $970.40 (雮措秬 鞛愱笀 臁半嫭 牍勳毄 氚� 項れ 牍勳毄 氚橃榿, 氚滍枆臧� 雽�牍� 鞎� 2.96% 雮潓).
  • 斓滌唽 雼渼: $1,000; CUSIP 48136FCJ9; 瓯半灅靻� 氙胳儊鞛�.

靸來櫂 甑“

  • 靸侅姽 鞁滊倶毽槫: 靹� 歆�靾� 氇憪 齑堦赴臧� 鞚挫儊 毵堦皭 鞁�, 韴瀽鞛愲姅 斓滌爛 靹标臣 歆�靾� 靾橃澋毳犾潣 4氚半ゼ 斓滊寑 88.25%旯岇 靾橂牴.
  • 鞗愱笀 氤挫灔 鞁滊倶毽槫: 鞏措姁 頃� 歆�靾橁皜 齑堦赴臧� 鞚错晿鞚挫毵� 靹� 歆�靾� 氇憪 氚半Μ鞏� 鞚挫儊鞚� 瓴届毎 鞗愱笀 氚橅櫂.
  • 頃橂澖 鞁滊倶毽槫: 鞏措姁 頃� 歆�靾橁皜 氚半Μ鞏� 鞎勲灅鞚� 瓴届毎 靸來櫂 旮堨暋 = $1,000 + ($1,000 脳 斓滌爛 歆�靾� 靾橃澋毳�); 靻愳嫟鞚� 30%毳� 齑堦臣頃橂┌ 斓滊寑 100%旯岇 氚滌儩 臧�電�.

欤检殧 鞙勴棙鞚� 70% 氚半Μ鞏� 鞚错晿鞐愳劀鞚� 鞝勲┐鞝侅澑 頃橂澖 雲胳稖, JPMorgan 鞏戩偓 鞁犾毄 鞙勴棙, 鞝滍暅霅� 靸侅姽 鞛犾灛霠�, 2彀� 鞁滌灔 鞙犽彊靹� 攵�臁�, 攴鸽Μ瓿� 氚滍枆臧�臧� 於旍爼 臧�旃橂炒雼� 雴掛潃 鞝愳潉 韽暔頃╇媹雼�. 鞚� 雲疙姼電� 鞚挫瀽毳� 歆�旮夗晿歆� 鞎婌溂氅� 氚半嫻 雲胳稖霃� 鞝滉车頃橃 鞎婌姷雼堧嫟.

JPMorgan Chase Financial Company LLC propose des Notes 脿 Barri猫re Acc茅l茅r茅e Plafonn茅e d'une valeur de 951 000 $, arrivant 脿 茅ch茅ance le 5 juillet 2030. Ces notes sont des obligations non s茅curis茅es, enti猫rement et inconditionnellement garanties par JPMorgan Chase & Co., et sont li茅es 脿 la performance la plus faible de trois indices boursiers majeurs am茅ricains : le Dow Jones Industrial Average (INDU), le Russell 2000 (RTY) et le Nasdaq-100 (NDX).

Principaux termes 茅conomiques

  • Participation 脿 la hausse : 4,0脳 toute performance positive de l'indice le moins performant, plafonn茅e 脿 88,25% (paiement maximal = 1 882,50 $ par tranche de 1 000 $).
  • Protection barri猫re : 70 % du niveau initial pour chaque indice (marge de 30 %). Si un indice cl么ture en dessous de sa barri猫re 脿 la date d'observation du 1er juillet 2030, le capital est r茅duit 1 pour 1 selon la performance de l'indice le plus faible.
  • Date de tarification : 1er juillet 2025 ; r猫glement : vers le 7 juillet 2025 ; 茅ch茅ance : 5 juillet 2030.
  • Prix d'茅mission : 1 000 $ ; commission de vente : 11,25 $ (1,125 %) ; produit net : 988,75 $.
  • Valeur estim茅e : 970,40 $ (int猫gre le taux de financement interne et les co没ts de couverture, environ 2,96 % en dessous du prix d'茅mission).
  • Montant minimum : 1 000 $ ; CUSIP 48136FCJ9 ; non cot茅 en bourse.

Profil de remboursement

  • Sc茅nario de hausse : Si les trois indices terminent au-dessus de leurs valeurs initiales, les investisseurs re莽oivent 4脳 la performance de l'indice le moins performant, jusqu'脿 88,25 %.
  • Sc茅nario 脿 l'茅quilibre : Si un indice est 鈮� initial mais que les trois sont 鈮� barri猫re, le capital est rembours茅.
  • Sc茅nario de baisse : Si un indice est en dessous de sa barri猫re, la valeur de remboursement = 1 000 $ + (1 000 $ 脳 performance de l'indice le plus faible) ; les pertes d茅passent 30 % et peuvent atteindre 100 %.

Risques principaux comprennent une exposition totale 脿 la baisse sous la barri猫re de 70 %, le risque de cr茅dit des deux entit茅s JPMorgan, un potentiel de hausse limit茅, un manque de liquidit茅 sur le march茅 secondaire et un prix d'茅mission sup茅rieur 脿 la valeur estim茅e. Les notes ne versent pas de coupons et n'offrent pas d'exposition aux dividendes.

JPMorgan Chase Financial Company LLC bietet begrenzte beschleunigte Barriere-Notes im Wert von 951.000 USD mit F盲lligkeit am 5. Juli 2030 an. Die Notes sind unbesicherte Verbindlichkeiten, die vollst盲ndig und bedingungslos von JPMorgan Chase & Co. garantiert werden und an die schlechteste Performance von drei gro脽en US-Aktienindizes gekoppelt sind: Dow Jones Industrial Average (INDU), Russell 2000 (RTY) und Nasdaq-100 (NDX).

Wesentliche wirtschaftliche Bedingungen

  • 础耻蹿飞盲谤迟蝉产别迟别颈濒颈驳耻苍驳: 4,0脳 der positiven Rendite des schlechtesten Index, gedeckelt bei 88,25% (maximale Auszahlung = 1.882,50 USD pro 1.000 USD).
  • Barriere-Schutz: 70 % des Anfangswerts f眉r jeden Index (30 % Puffer). Schlie脽t ein Index am Beobachtungstag 1. Juli 2030 unter seiner Barriere, wird das Kapital 1:1 entsprechend der schlechtesten Indexrendite reduziert.
  • Preisfeststellung: 1. Juli 2025; Abwicklung: ca. 7. Juli 2025; F盲lligkeit: 5. Juli 2030.
  • Ausgabepreis: 1.000 USD; Verkaufsprovision: 11,25 USD (1,125 %); Nettoerl枚s: 988,75 USD.
  • Gesch盲tzter Wert: 970,40 USD (ber眉cksichtigt interne Finanzierungskosten und Absicherungskosten, ca. 2,96 % unter dem Ausgabepreis).
  • Mindestst眉ckelung: 1.000 USD; CUSIP 48136FCJ9; keine B枚rsennotierung.

Auszahlungsprofil

  • 础耻蹿飞盲谤迟蝉蝉锄别苍补谤颈辞: Wenn alle drei Indizes 眉ber ihren Anfangswerten schlie脽en, erhalten Anleger das Vierfache der Rendite des schlechtesten Index, bis maximal 88,25 %.
  • Par-Szenario: Wenn ein Index 鈮� Anfangswert, aber alle drei 鈮� Barriere sind, wird das Kapital zur眉ckgezahlt.
  • 础产飞盲谤迟蝉蝉锄别苍补谤颈辞: Wenn ein Index unter seiner Barriere liegt, betr盲gt der R眉ckzahlungswert 1.000 USD + (1.000 USD 脳 Rendite des schlechtesten Index); Verluste 眉bersteigen 30 % und k枚nnen bis zu 100 % betragen.

Haupts盲chliche Risiken umfassen die volle Abw盲rtsrisiko unterhalb der 70%-Barriere, Kreditrisiko beider JPMorgan-Einheiten, begrenztes Aufw盲rtspotenzial, fehlende Liquidit盲t am Sekund盲rmarkt und einen Ausgabepreis 眉ber dem gesch盲tzten Wert. Die Notes zahlen keine Kupons und bieten keine Dividendenbeteiligung.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________________________
 
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 27, 2025
NUVVE HOLDING CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware001-4029686-1617000
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
2488 Historic Decatur Road, Ste 230San Diego,California92106
(Address of Principal Executive Offices)(Zip Code)
Registrant’s telephone number, including area code: (619) 456-5161
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading symbols Name of each exchange on which registered
Common Stock, Par Value $0.0001 Per Share NVVE The Nasdaq Stock Market LLC
Warrants to Purchase Common Stock NVVEW The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   o



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Employment Agreement

On June 27, 2025, Nuvve New Mexico, LLC ( “NNM LLC”), a subsidiary of Nuvve Holding Corp. (the “Company”), entered into an employment agreement (the “Employment Agreement”) with Ted Smith, the Company’s President, Chief Operating Officer and a member of the Board of Directors (the “Board”) of the Company, effective March 18, 2025 (the “Effective Date”), pursuant to which Mr. Smith will serve as NNM LLC’s chief executive officer. The Employment Agreement remains in effect through March 18, 2028, and then under automatic successive one-year extensions unless written notice of non-renewal is given in accordance with the Employment Agreement (the “Term”). As of the Effective Date, the Employment Agreement supersedes all previous compensation arrangements between Mr. Smith and the Company.

Pursuant to the Employment Agreement, Mr. Smith will receive an initial annual base salary of $250,000, which shall be increased by increments of $50,000 per annum on a pro rata basis upon the achievement of certain revenue milestones as set forth therein. In addition, Mr. Smith is eligible to receive an annual bonus based on the achievement of NNM LLC and individual performance criteria as determined by the Compensation Committee (the “NNM Compensation Committee”) of the Board of Directors of NNM LLC (the “NNM Board”) with a target annual bonus amount equal to 100% of his annual base salary. Mr. Smith shall also be eligible to receive an annual discretionary bonus in an amount of up to $75,000, as determined by the NNM Compensation Committee, in its sole discretion. Mr. Smith is also entitled to receive one-time cash bonuses of $50,000 based on NNM LLC ’s achievement of certain capital raising milestones.

Additionally, pursuant to the Employment Agreement, Mr. Smith received the following equity grants: (i) a one-time grant of Class A Units of NNM LLC (the “Class A Units”) in an amount equal to 2.5% of the total issued and outstanding Class A Units; and (ii) a one-time grant of Class B Units of NNM LLC (the “Class B Units”) in an amount equal to 2.5% of the total issued and outstanding Class B Units.

NNM LLC will also reimburse Mr. Smith for the costs of his automobile lease (up to a maximum of $1,500 per month) and his mobile phone. If Mr. Smith is terminated without Cause (as defined in the Employment Agreement) he will continue to receive his then in effect base salary for the ensuing 12 months in accordance with NNM LLC’s standard payroll procedures and will continue to receive health insurance benefits during such period, subject to his execution of a general release and waiver and his resignation from the NNM Board. In the event that Mr. Smith is terminated without Cause or if he resigns for Good Reason (as defined in the Employment Agreement) within 12 months after NNM LLC is subject to a Change in Control (as defined in the Employment Agreement), he will be entitled to a lump sum severance payment equal to three times his then in effect base salary at the time of his termination, subject to his execution of a general release and waiver and his resignation from the NNM Board.



Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.Description
10.1
Employment Agreement, by and between Nuvve New Mexico, LLC and Ted Smith, dated June 27, 2025.
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
1

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 3, 2025
NUVVE HOLDING CORP.
  
 By:/s/ Gregory Poilasne
  Gregory Poilasne
  Chief Executive Officer
2

Source:

FAQ

What is the maximum potential return on JPMorgan's Capped Accelerated Barrier Notes (CUSIP 48136FCJ9)?

The notes cap returns at 88.25%, equal to a maximum payment of $1,882.50 per $1,000 principal.

How much downside protection do the notes provide?

Principal is protected only if each index stays at or above 70% of its initial level on July 1 2030; otherwise losses are 1-for-1 with the worst index.

Which indices determine the payout of these structured notes?

Payments are based on the least-performing of the Dow Jones Industrial Average, Russell 2000 Index and Nasdaq-100 Index.

What fees are embedded in the $1,000 issue price?

Selling commissions are $11.25 (1.125%) per note; the estimated value is $970.40, reflecting structuring and hedging costs.

Are these notes listed on an exchange or tradable daily?

No. The notes are not exchange-listed; liquidity depends on dealer willingness to bid and may be limited.

When do the notes mature and when is performance measured?

Performance is observed on July 1 2030; the notes mature and pay on July 5 2030, subject to market-disruption adjustments.
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Nuvve Holding Corp

NASDAQ:NVVE

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NVVE Latest News

Jul 3, 2025
Nuvve Holding Corp. Appoints Laura Huang and Brian Johnson to Board of Directors
May 15, 2025
Nuvve Provides First Quarter 2025 Financial Update
May 13, 2025
Nuvve Holding Corp. Names James Altucher to Board of Directors
May 9, 2025
Nuvve Engages Crypto Venture Group to Accelerate Digital Asset Strategy
May 1, 2025
Nuvve to Provide First Quarter Ended March 31, 2025, Financial Update

NVVE Latest SEC Filings

Jun 27, 2025
[S-3] Nuvve Holding Corp. Shelf Registration Statement
Jun 27, 2025
[PRE 14A] Nuvve Holding Corp. Preliminary Proxy Statement
Jun 26, 2025
[8-K] Nuvve Holding Corp. Reports Material Event
Jun 25, 2025
[EFFECT] Nuvve Holding Corp. SEC Filing
Jun 24, 2025
[424B3] Nuvve Holding Corp. Prospectus Filed Pursuant to Rule 424(b)(3)

NVVE Stock Data

8.88M
9.06M
21.33%
15.58%
7.41%
Specialty Retail
Power, Distribution & Specialty Transformers
United States
SAN DIEGO