STOCK TITAN

[8-K] MainStreet Bancshares, Inc. Reports Material Event

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

J.P. Morgan Chase Financial Company LLC, guaranteed by JPMorgan Chase & Co., is offering 3-year, non-convertible Callable Contingent Interest Notes linked to the VanEck Gold Miners ETF (GDX), iShares Russell 2000 ETF (IWM) and the S&P 500 Index (SPX).

  • Issue details: Minimum denomination $1,000; CUSIP 48136FKW1; pricing date 28-Jul-2025; maturity 2-Aug-2028; quarterly observation and payment cycle.
  • Contingent coupon: At least 11.25% p.a. (2.8125% per quarter) paid only if the closing value of each underlying on a review date is ≥65% of its initial level (the “Interest Barrier”). No catch-up mechanism.
  • Downside protection: 35% buffer at maturity (Trigger Value = 65% of initial). If any underlying closes <65% on the final review date, repayment = $1,000 + ($1,000 × Least-Performing Return), exposing investors to >35% loss and up to 100% loss of principal.
  • Issuer call: JPM may redeem all notes on any interest payment date (except the first and last) at par plus the prior-quarter coupon, capping upside.
  • Estimated value: ≥$920 per $1,000 note at pricing, below issue price; reflects internal funding rate.
  • Credit & liquidity: Payments depend on JPMorgan Chase Financial Company LLC and JPMorgan Chase & Co. credit. JPMS may make a secondary market but is not obliged, so liquidity may be limited.

Key risks include potential total loss of principal, coupon deferral, exposure to the worst-performing asset, issuer call risk, and adverse valuation impacts from credit spread changes and limited secondary liquidity. Sector-specific risks (precious-metal miners, small-caps) and currency exposure (GDX) also apply.

J.P. Morgan Chase Financial Company LLC, garantita da JPMorgan Chase & Co., offre Callable Contingent Interest Notes non convertibili a 3 anni, collegati all'ETF VanEck Gold Miners (GDX), all'ETF iShares Russell 2000 (IWM) e all'indice S&P 500 (SPX).

  • Dettagli dell'emissione: Taglio minimo $1.000; CUSIP 48136FKW1; data di prezzo 28-lug-2025; scadenza 2-ago-2028; osservazione e pagamento trimestrali.
  • Coupon condizionato: Almeno 11,25% annuo (2,8125% trimestrale), pagato solo se il valore di chiusura di ogni sottostante alla data di revisione è ≥65% del livello iniziale (la “Barriera di Interesse”). Nessun meccanismo di recupero.
  • Protezione al ribasso: Buffer del 35% a scadenza (Valore Trigger = 65% del valore iniziale). Se un sottostante chiude <65% alla revisione finale, il rimborso sarà pari a $1.000 + ($1.000 × Rendimento del peggior sottostante), esponendo gli investitori a una perdita superiore al 35% e fino al 100% del capitale.
  • Rimborso anticipato da parte dell’emittente: JPM potrà richiamare tutti i titoli in qualsiasi data di pagamento degli interessi (esclusa la prima e l’ultima) al valore nominale più il coupon del trimestre precedente, limitando il potenziale guadagno.
  • Valore stimato: ≥$920 per ogni nota da $1.000 alla data di prezzo, inferiore al prezzo di emissione; riflette il tasso di finanziamento interno.
  • Credito e liquidità: I pagamenti dipendono dalla solidità creditizia di JPMorgan Chase Financial Company LLC e JPMorgan Chase & Co. JPMS può gestire un mercato secondario ma non è obbligata, quindi la liquidità potrebbe essere limitata.

Rischi principali includono possibile perdita totale del capitale, differimento del coupon, esposizione all’asset peggiore, rischio di richiamo da parte dell’emittente e impatti negativi da variazioni degli spread creditizi e limitata liquidità secondaria. Si aggiungono rischi specifici di settore (minerari di metalli preziosi, small-cap) e di cambio (GDX).

J.P. Morgan Chase Financial Company LLC, garantizada por JPMorgan Chase & Co., ofrece Notas de Interés Contingente Rescindibles no convertibles a 3 años, vinculadas al ETF VanEck Gold Miners (GDX), al ETF iShares Russell 2000 (IWM) y al índice S&P 500 (SPX).

  • Detalles de la emisión: Denominación mínima $1,000; CUSIP 48136FKW1; fecha de precio 28-jul-2025; vencimiento 2-ago-2028; ciclo trimestral de observación y pago.
  • Cupones contingentes: Al menos 11.25% anual (2.8125% trimestral), pagados solo si el valor de cierre de cada subyacente en la fecha de revisión es ≥65% de su nivel inicial (la “Barrera de Interés”). Sin mecanismo de recuperación.
  • Protección a la baja: Amortiguador del 35% al vencimiento (Valor de Disparo = 65% del inicial). Si algún subyacente cierra <65% en la revisión final, el reembolso será $1,000 + ($1,000 × Retorno del peor desempeño), exponiendo al inversor a pérdidas superiores al 35% y hasta la pérdida total del principal.
  • Opción de rescate del emisor: JPM puede redimir todas las notas en cualquier fecha de pago de intereses (excepto la primera y la última) al valor nominal más el cupón del trimestre anterior, limitando la ganancia potencial.
  • Valor estimado: ≥$920 por cada nota de $1,000 en la fecha de precio, por debajo del precio de emisión; refleja la tasa interna de financiamiento.
  • Crédito y liquidez: Los pagos dependen de la solvencia crediticia de JPMorgan Chase Financial Company LLC y JPMorgan Chase & Co. JPMS puede facilitar un mercado secundario pero no está obligado, por lo que la liquidez puede ser limitada.

Riesgos clave incluyen posible pérdida total del principal, diferimiento del cupón, exposición al peor activo, riesgo de rescate por parte del emisor e impactos adversos por cambios en los spreads crediticios y limitada liquidez secundaria. También aplican riesgos sectoriales (mineros de metales preciosos, small caps) y de divisas (GDX).

J.P. Morgan Chase Financial Company LLC는 JPMorgan Chase & Co.가 보증하며, VanEck Gold Miners ETF(GDX), iShares Russell 2000 ETF(IWM), S&P 500 지수(SPX)에 연계된 3년 만기 비전환형 콜러블 컨틴전트 이자 노트를 제공합니다.

  • 발행 세부사항: 최소 액면가 $1,000; CUSIP 48136FKW1; 가격 산정일 2025년 7월 28일; 만기 2028년 8월 2일; 분기별 관찰 및 지급 주기.
  • 조건부 쿠폰: 연 11.25% 이상(분기별 2.8125%), 각 기초자산의 종가가 최초 수준의 65% 이상(“이자 장벽”)일 경우에만 지급. 미지급분 누적 없음.
  • 하방 보호: 만기 시 35% 버퍼(트리거 값 = 최초의 65%). 최종 관찰일에 어느 하나라도 65% 미만으로 마감 시 상환금은 $1,000 + ($1,000 × 최저 성과 수익률)로, 투자자는 35% 초과 손실에서 최대 원금 전액 손실 위험에 노출됨.
  • 발행자 콜 권리: JPM은 첫 번째 및 마지막 이자 지급일을 제외한 모든 이자 지급일에 전액을 액면가와 이전 분기 쿠폰을 더해 상환할 수 있으며, 이는 상승 수익을 제한함.
  • 예상 가치: 가격 산정 시 $1,000 노트당 ≥$920, 발행가 아래; 내부 자금 조달 금리 반영.
  • 신용 및 유동성: 지급은 JPMorgan Chase Financial Company LLC 및 JPMorgan Chase & Co.의 신용에 의존. JPMS는 2차 시장을 운영할 수 있으나 의무는 아니어서 유동성이 제한될 수 있음.

주요 위험으로는 원금 전액 손실 가능성, 쿠폰 연기, 최악 성과 자산 노출, 발행자 콜 위험, 신용 스프레드 변동에 따른 부정적 가치 변동 및 제한된 2차 유동성 등이 있으며, 섹터 특유 위험(귀금속 광산, 소형주)과 환율 위험(GDX)도 포함됩니다.

J.P. Morgan Chase Financial Company LLC, garantie par JPMorgan Chase & Co., propose des Callable Contingent Interest Notes non convertibles à 3 ans, liées à l’ETF VanEck Gold Miners (GDX), à l’ETF iShares Russell 2000 (IWM) et à l’indice S&P 500 (SPX).

  • Détails de l’émission : Valeur nominale minimale de 1 000 $ ; CUSIP 48136FKW1 ; date de tarification 28 juil. 2025 ; échéance 2 août 2028 ; cycles d’observation et de paiement trimestriels.
  • Coupon conditionnel : Au moins 11,25 % par an (2,8125 % par trimestre) versé uniquement si la valeur de clôture de chaque sous-jacent à la date de revue est ≥65 % de son niveau initial (la « Barrière d’intérêt »). Pas de mécanisme de rattrapage.
  • Protection à la baisse : Tampon de 35 % à l’échéance (Valeur de déclenchement = 65 % du niveau initial). Si un sous-jacent clôture <65 % à la revue finale, le remboursement = 1 000 $ + (1 000 $ × Rendement du sous-jacent le moins performant), exposant l’investisseur à une perte supérieure à 35 % et jusqu’à la perte totale du capital.
  • Option de remboursement anticipé de l’émetteur : JPM peut racheter toutes les notes à toute date de paiement d’intérêts (sauf la première et la dernière) à la valeur nominale plus le coupon du trimestre précédent, limitant ainsi le potentiel de gain.
  • Valeur estimée : ≥920 $ par note de 1 000 $ à la date de tarification, inférieure au prix d’émission ; reflète le taux de financement interne.
  • Crédit et liquidité : Les paiements dépendent de la solvabilité de JPMorgan Chase Financial Company LLC et de JPMorgan Chase & Co. JPMS peut assurer un marché secondaire mais n’y est pas obligé, ce qui peut limiter la liquidité.

Risques clés : perte totale possible du capital, report du coupon, exposition à l’actif le moins performant, risque de remboursement anticipé par l’émetteur, impacts négatifs liés aux variations des spreads de crédit et liquidité secondaire limitée. Risques sectoriels spécifiques (exploitants de métaux précieux, petites capitalisations) et risques de change (GDX) s’appliquent également.

J.P. Morgan Chase Financial Company LLC, garantiert durch JPMorgan Chase & Co., bietet 3-jährige, nicht wandelbare Callable Contingent Interest Notes an, die an den VanEck Gold Miners ETF (GDX), den iShares Russell 2000 ETF (IWM) und den S&P 500 Index (SPX) gekoppelt sind.

  • Emissionsdetails: Mindeststückelung $1.000; CUSIP 48136FKW1; Preisfeststellung am 28. Juli 2025; Fälligkeit am 2. August 2028; vierteljährliche Beobachtungs- und Zahlungszyklen.
  • Bedingter Kupon: Mindestens 11,25% p.a. (2,8125% pro Quartal), zahlbar nur, wenn der Schlusskurs jedes Basiswerts am Beobachtungstag ≥65% des Anfangsniveaus (die „Zinsbarriere“) beträgt. Keine Nachzahlung.
  • Abwärtsschutz: 35% Puffer bei Fälligkeit (Auslösewert = 65% des Anfangswerts). Schließt ein Basiswert am letzten Beobachtungstag unter 65%, erfolgt die Rückzahlung = $1.000 + ($1.000 × Rendite des schlechtesten Basiswerts), womit ein Verlust von über 35% bis hin zum Totalverlust des Kapitals möglich ist.
  • Emittenten-Kündigung: JPM kann alle Notes an jedem Zinszahlungstermin (außer dem ersten und letzten) zum Nennwert plus dem Kupon des vorherigen Quartals zurückzahlen, was die Gewinnchancen begrenzt.
  • Geschätzter Wert: ≥$920 pro $1.000 Note zum Preisfeststellungstag, unter dem Ausgabepreis; spiegelt die interne Finanzierungsrate wider.
  • Kredit- und Liquiditätsrisiken: Zahlungen hängen von der Bonität der JPMorgan Chase Financial Company LLC und JPMorgan Chase & Co. ab. JPMS kann einen Sekundärmarkt stellen, ist dazu aber nicht verpflichtet, daher kann die Liquidität eingeschränkt sein.

Wesentliche Risiken umfassen möglichen Totalverlust des Kapitals, Kuponstundung, Risiko der schlechtesten Performance, Emittenten-Kündigungsrisiko sowie negative Auswirkungen durch Kreditspread-Änderungen und begrenzte Sekundärliquidität. Zudem bestehen branchenspezifische Risiken (Edelmetallminen, Small Caps) und Währungsrisiken (GDX).

Positive
  • Elevated contingent coupon of at least 11.25% p.a. provides above-market income potential if barriers are met.
  • 35% downside buffer at maturity offers partial protection versus direct ETF/index exposure.
Negative
  • Principal at risk; a single underlying below 65% at final review leads to >35% capital loss, up to total loss.
  • Issuer call feature can truncate income if the note performs well, limiting upside.
  • Estimated value ($≤920) materially below issue price reflects high structuring costs.
  • Liquidity risk—secondary market depends solely on JPMS, potentially at a deep discount.
  • Credit exposure to JPMorgan Chase entities despite underlying asset performance.

Insights

TL;DR: Attractive 11.25% conditional yield but high worst-of risk and issuer call cap overall neutral.

These notes offer a headline 11.25% annual coupon—compelling versus 3-year Treasuries—yet payments are contingent and can cease after any quarterly observation where a single underlying breaches the 65% barrier. The worst-of structure coupled with GDX’s historical volatility materially raises non-coupon probability. The 35% principal buffer helps, but investors face full downside beyond that on any one asset. Early redemption is entirely at JPM’s discretion; if markets remain benign, investors likely get called within 4–6 quarters, truncating yield while leaving reinvestment risk. The estimated value at issuance (≤$920) implies an 8.0%–8.5% structuring premium—typical but notable. Overall, risk-adjusted return appears balanced: neutral impact.

TL;DR: Credit-linked worst-of note adds elevated tail risk; limited liquidity and valuation drag.

Principal and coupons are unsecured obligations of JPMorgan Chase entities. Although JPM credit is strong (A/A- ratings), widening spreads could pressure secondary prices long before maturities. The internal funding-rate methodology discounts the note below par from day one, meaning investors face an immediate mark-to-market loss. Secondary liquidity relies on the sole dealer, JPMS, which may quote wide bid-offers. For risk-averse portfolios the structure is negative; for yield seekers aware of loss scenarios, neutrality prevails.

J.P. Morgan Chase Financial Company LLC, garantita da JPMorgan Chase & Co., offre Callable Contingent Interest Notes non convertibili a 3 anni, collegati all'ETF VanEck Gold Miners (GDX), all'ETF iShares Russell 2000 (IWM) e all'indice S&P 500 (SPX).

  • Dettagli dell'emissione: Taglio minimo $1.000; CUSIP 48136FKW1; data di prezzo 28-lug-2025; scadenza 2-ago-2028; osservazione e pagamento trimestrali.
  • Coupon condizionato: Almeno 11,25% annuo (2,8125% trimestrale), pagato solo se il valore di chiusura di ogni sottostante alla data di revisione è ≥65% del livello iniziale (la “Barriera di Interesse”). Nessun meccanismo di recupero.
  • Protezione al ribasso: Buffer del 35% a scadenza (Valore Trigger = 65% del valore iniziale). Se un sottostante chiude <65% alla revisione finale, il rimborso sarà pari a $1.000 + ($1.000 × Rendimento del peggior sottostante), esponendo gli investitori a una perdita superiore al 35% e fino al 100% del capitale.
  • Rimborso anticipato da parte dell’emittente: JPM potrà richiamare tutti i titoli in qualsiasi data di pagamento degli interessi (esclusa la prima e l’ultima) al valore nominale più il coupon del trimestre precedente, limitando il potenziale guadagno.
  • Valore stimato: ≥$920 per ogni nota da $1.000 alla data di prezzo, inferiore al prezzo di emissione; riflette il tasso di finanziamento interno.
  • Credito e liquidità: I pagamenti dipendono dalla solidità creditizia di JPMorgan Chase Financial Company LLC e JPMorgan Chase & Co. JPMS può gestire un mercato secondario ma non è obbligata, quindi la liquidità potrebbe essere limitata.

Rischi principali includono possibile perdita totale del capitale, differimento del coupon, esposizione all’asset peggiore, rischio di richiamo da parte dell’emittente e impatti negativi da variazioni degli spread creditizi e limitata liquidità secondaria. Si aggiungono rischi specifici di settore (minerari di metalli preziosi, small-cap) e di cambio (GDX).

J.P. Morgan Chase Financial Company LLC, garantizada por JPMorgan Chase & Co., ofrece Notas de Interés Contingente Rescindibles no convertibles a 3 años, vinculadas al ETF VanEck Gold Miners (GDX), al ETF iShares Russell 2000 (IWM) y al índice S&P 500 (SPX).

  • Detalles de la emisión: Denominación mínima $1,000; CUSIP 48136FKW1; fecha de precio 28-jul-2025; vencimiento 2-ago-2028; ciclo trimestral de observación y pago.
  • Cupones contingentes: Al menos 11.25% anual (2.8125% trimestral), pagados solo si el valor de cierre de cada subyacente en la fecha de revisión es ≥65% de su nivel inicial (la “Barrera de Interés”). Sin mecanismo de recuperación.
  • Protección a la baja: Amortiguador del 35% al vencimiento (Valor de Disparo = 65% del inicial). Si algún subyacente cierra <65% en la revisión final, el reembolso será $1,000 + ($1,000 × Retorno del peor desempeño), exponiendo al inversor a pérdidas superiores al 35% y hasta la pérdida total del principal.
  • Opción de rescate del emisor: JPM puede redimir todas las notas en cualquier fecha de pago de intereses (excepto la primera y la última) al valor nominal más el cupón del trimestre anterior, limitando la ganancia potencial.
  • Valor estimado: ≥$920 por cada nota de $1,000 en la fecha de precio, por debajo del precio de emisión; refleja la tasa interna de financiamiento.
  • Crédito y liquidez: Los pagos dependen de la solvencia crediticia de JPMorgan Chase Financial Company LLC y JPMorgan Chase & Co. JPMS puede facilitar un mercado secundario pero no está obligado, por lo que la liquidez puede ser limitada.

Riesgos clave incluyen posible pérdida total del principal, diferimiento del cupón, exposición al peor activo, riesgo de rescate por parte del emisor e impactos adversos por cambios en los spreads crediticios y limitada liquidez secundaria. También aplican riesgos sectoriales (mineros de metales preciosos, small caps) y de divisas (GDX).

J.P. Morgan Chase Financial Company LLC는 JPMorgan Chase & Co.가 보증하며, VanEck Gold Miners ETF(GDX), iShares Russell 2000 ETF(IWM), S&P 500 지수(SPX)에 연계된 3년 만기 비전환형 콜러블 컨틴전트 이자 노트를 제공합니다.

  • 발행 세부사항: 최소 액면가 $1,000; CUSIP 48136FKW1; 가격 산정일 2025년 7월 28일; 만기 2028년 8월 2일; 분기별 관찰 및 지급 주기.
  • 조건부 쿠폰: 연 11.25% 이상(분기별 2.8125%), 각 기초자산의 종가가 최초 수준의 65% 이상(“이자 장벽”)일 경우에만 지급. 미지급분 누적 없음.
  • 하방 보호: 만기 시 35% 버퍼(트리거 값 = 최초의 65%). 최종 관찰일에 어느 하나라도 65% 미만으로 마감 시 상환금은 $1,000 + ($1,000 × 최저 성과 수익률)로, 투자자는 35% 초과 손실에서 최대 원금 전액 손실 위험에 노출됨.
  • 발행자 콜 권리: JPM은 첫 번째 및 마지막 이자 지급일을 제외한 모든 이자 지급일에 전액을 액면가와 이전 분기 쿠폰을 더해 상환할 수 있으며, 이는 상승 수익을 제한함.
  • 예상 가치: 가격 산정 시 $1,000 노트당 ≥$920, 발행가 아래; 내부 자금 조달 금리 반영.
  • 신용 및 유동성: 지급은 JPMorgan Chase Financial Company LLC 및 JPMorgan Chase & Co.의 신용에 의존. JPMS는 2차 시장을 운영할 수 있으나 의무는 아니어서 유동성이 제한될 수 있음.

주요 위험으로는 원금 전액 손실 가능성, 쿠폰 연기, 최악 성과 자산 노출, 발행자 콜 위험, 신용 스프레드 변동에 따른 부정적 가치 변동 및 제한된 2차 유동성 등이 있으며, 섹터 특유 위험(귀금속 광산, 소형주)과 환율 위험(GDX)도 포함됩니다.

J.P. Morgan Chase Financial Company LLC, garantie par JPMorgan Chase & Co., propose des Callable Contingent Interest Notes non convertibles à 3 ans, liées à l’ETF VanEck Gold Miners (GDX), à l’ETF iShares Russell 2000 (IWM) et à l’indice S&P 500 (SPX).

  • Détails de l’émission : Valeur nominale minimale de 1 000 $ ; CUSIP 48136FKW1 ; date de tarification 28 juil. 2025 ; échéance 2 août 2028 ; cycles d’observation et de paiement trimestriels.
  • Coupon conditionnel : Au moins 11,25 % par an (2,8125 % par trimestre) versé uniquement si la valeur de clôture de chaque sous-jacent à la date de revue est ≥65 % de son niveau initial (la « Barrière d’intérêt »). Pas de mécanisme de rattrapage.
  • Protection à la baisse : Tampon de 35 % à l’échéance (Valeur de déclenchement = 65 % du niveau initial). Si un sous-jacent clôture <65 % à la revue finale, le remboursement = 1 000 $ + (1 000 $ × Rendement du sous-jacent le moins performant), exposant l’investisseur à une perte supérieure à 35 % et jusqu’à la perte totale du capital.
  • Option de remboursement anticipé de l’émetteur : JPM peut racheter toutes les notes à toute date de paiement d’intérêts (sauf la première et la dernière) à la valeur nominale plus le coupon du trimestre précédent, limitant ainsi le potentiel de gain.
  • Valeur estimée : ≥920 $ par note de 1 000 $ à la date de tarification, inférieure au prix d’émission ; reflète le taux de financement interne.
  • Crédit et liquidité : Les paiements dépendent de la solvabilité de JPMorgan Chase Financial Company LLC et de JPMorgan Chase & Co. JPMS peut assurer un marché secondaire mais n’y est pas obligé, ce qui peut limiter la liquidité.

Risques clés : perte totale possible du capital, report du coupon, exposition à l’actif le moins performant, risque de remboursement anticipé par l’émetteur, impacts négatifs liés aux variations des spreads de crédit et liquidité secondaire limitée. Risques sectoriels spécifiques (exploitants de métaux précieux, petites capitalisations) et risques de change (GDX) s’appliquent également.

J.P. Morgan Chase Financial Company LLC, garantiert durch JPMorgan Chase & Co., bietet 3-jährige, nicht wandelbare Callable Contingent Interest Notes an, die an den VanEck Gold Miners ETF (GDX), den iShares Russell 2000 ETF (IWM) und den S&P 500 Index (SPX) gekoppelt sind.

  • Emissionsdetails: Mindeststückelung $1.000; CUSIP 48136FKW1; Preisfeststellung am 28. Juli 2025; Fälligkeit am 2. August 2028; vierteljährliche Beobachtungs- und Zahlungszyklen.
  • Bedingter Kupon: Mindestens 11,25% p.a. (2,8125% pro Quartal), zahlbar nur, wenn der Schlusskurs jedes Basiswerts am Beobachtungstag ≥65% des Anfangsniveaus (die „Zinsbarriere“) beträgt. Keine Nachzahlung.
  • Abwärtsschutz: 35% Puffer bei Fälligkeit (Auslösewert = 65% des Anfangswerts). Schließt ein Basiswert am letzten Beobachtungstag unter 65%, erfolgt die Rückzahlung = $1.000 + ($1.000 × Rendite des schlechtesten Basiswerts), womit ein Verlust von über 35% bis hin zum Totalverlust des Kapitals möglich ist.
  • Emittenten-Kündigung: JPM kann alle Notes an jedem Zinszahlungstermin (außer dem ersten und letzten) zum Nennwert plus dem Kupon des vorherigen Quartals zurückzahlen, was die Gewinnchancen begrenzt.
  • Geschätzter Wert: ≥$920 pro $1.000 Note zum Preisfeststellungstag, unter dem Ausgabepreis; spiegelt die interne Finanzierungsrate wider.
  • Kredit- und Liquiditätsrisiken: Zahlungen hängen von der Bonität der JPMorgan Chase Financial Company LLC und JPMorgan Chase & Co. ab. JPMS kann einen Sekundärmarkt stellen, ist dazu aber nicht verpflichtet, daher kann die Liquidität eingeschränkt sein.

Wesentliche Risiken umfassen möglichen Totalverlust des Kapitals, Kuponstundung, Risiko der schlechtesten Performance, Emittenten-Kündigungsrisiko sowie negative Auswirkungen durch Kreditspread-Änderungen und begrenzte Sekundärliquidität. Zudem bestehen branchenspezifische Risiken (Edelmetallminen, Small Caps) und Währungsrisiken (GDX).

false 0001693577 0001693577 2025-07-07 2025-07-07 0001693577 mnsb:CommonStockCustomMember 2025-07-07 2025-07-07 0001693577 mnsb:DepositarySharesCustomMember 2025-07-07 2025-07-07
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): July 7, 2025
 
 
image1.jpg
 
MainStreet Bancshares, Inc.
(Exact name of Registrant as Specified in Its Charter)
 
 
 
Virginia
001-38817
81-2871064
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
     
10089 Fairfax Boulevard, Fairfax, VA
 
22030
(Address of Principal Executive Offices)
 
(Zip Code)
 
(703) 481-4567
(Registrants Telephone Number, Including Area Code)
 
Not Applicable
(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 Instructions A.2. below):
 
         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
         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
Symbol(s)
 
Name of each exchange on which registered
Common Stock
 
MNSB
 
The Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/40th
interest in a share of 7.50% Series A Fixed-Rate
Non-Cumulative Perpetual Preferred Stock)
 
MNSBP
 
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   
 
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. ☐ 
 
 

 
Item 7.01 Regulation FD Disclosure
 
On July 7, 2025, MainStreet Bancshares, Inc., the holding company for MainStreet Bank, announced that the Company has promoted Alex Vari to the role of Executive Vice President and Chief Financial Officer of MainStreet Bank. A copy of the related press release is furnished herewithin as Exhibit 99.1 and is incorporated herein by reference. 
 
Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits.
 
Exhibit Number   Description
99.1   Press Release of the Company, dated July 7, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
The information furnished under Items 7.01 and 9.01 of this Current Report on Form 8-K, including the exhibits, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Exchange Act, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing to this Form 8-K.
 
 

 
SIGNATURES
 
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.
 
 
 
MAINSTREET BANCSHARES, INC
 
 
 
 
Date: July 7, 2025
 
By:
/s/ Thomas J. Chmelik
 
 
 
Name: Thomas J. Chmelik
 
 
 
Title: Chief Financial Officer
 
 

FAQ

What contingent interest rate do JPM GDX/IWM/SPX notes pay?

They offer at least 11.25% per annum, paid quarterly if all three underlyings close at or above 65% of their initial value on each review date.

How much downside protection do these JPM structured notes provide?

At maturity you are protected for the first 35% decline; below that, repayment equals $1,000 plus the worst-performing return, risking full principal loss.

Can JPMorgan redeem the notes before 2028?

Yes. JPM may redeem on any quarterly interest date (except the first and last) at par plus the previous coupon, forcing early reinvestment.

What is the estimated value versus the $1,000 issue price?

The preliminary estimated value will be no less than $920 per $1,000 note, reflecting internal funding and dealer compensation.

How does worst-of performance affect payout?

Both coupon qualification and principal repayment depend on the Least Performing Underlying; one lagging asset can halt coupons and reduce principal.

Are these notes linked to JPMorgan’s share price?

No. The underlyings are GDX, IWM, and SPX; however, payments rely on JPMorgan credit, not its equity performance.
Mainstreet Bancshares Inc

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