[Form 4] Tractor Supply Co Insider Trading Activity

Q: What is the upside cap on the JPMorgan Capped Buffered Enhanced Participation Equity Notes?

The cap translates to a maximum settlement amount of $1,185.60 to $1,217.60 per $1,000 note, or roughly 18.6%-21.8% total return.

Q: How much downside protection do these notes provide?

Investors are protected against index losses of up to 10% ; beyond that, losses are leveraged at approximately 1.1111× the additional decline.

Q: Do the notes pay any interest or coupons?

No. The notes are zero-coupon instruments; all return is delivered in a single payment at maturity.

Q: When do the notes mature and what are the key dates?

Trade date is on or about July 21 2025 ; determination date is July 21 2027 ; stated maturity date is July 23 2027 .

Q: What is the estimated value versus the issue price?

The estimated value will be $957.20-$967.20 per $1,000 note, below the $1,000 issue price due to selling commissions, hedging costs and structuring fees.

Q: Are the notes affected by JPMorgan’s credit quality?

Yes. All payments depend on the credit of JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

JPMorgan Chase Financial Company LLC, a wholly-owned finance subsidiary of JPMorgan Chase & Co., is offering Capped Buffered Enhanced Participation Equity Notes due July 23, 2027 linked to the MSCI EAFE® Index ("MXEA"). The notes are fully and unconditionally guaranteed by JPMorgan Chase & Co.

Each note has a $1,000 principal amount and pays no periodic interest. Your cash payment at maturity depends on the index performance between the trade date (≈ Jul 21 2025) and the determination date (Jul 21 2027):

Upside: 200% participation on any index gain, capped at a maximum settlement amount between $1,185.60 and $1,217.60 (≈ 18.56%–21.76% total return).
Buffer: Full principal is protected if the index closes down ≤10% (buffer level = 90% of initial).
Downside: If the index falls more than 10%, losses are magnified by the 1.1111× buffer rate; investors could lose their entire investment.

Key indicative terms include a 2.00 upside participation rate, a cap level of 109.28%–110.88% of the initial index level, and no listing, call or redemption features. The estimated value at pricing will be $957.20-$967.20 per $1,000 note, below the $1,000 issue price, reflecting selling commissions (≤2.00%), hedging costs and structuring fees. Any secondary market price is expected to be lower than the issue price and may be provided only by JPMS, which is not obligated to make markets.

Risk highlights: credit exposure to both the issuer and guarantor; price, liquidity and valuation risks due to the unlisted nature of the notes; capped upside and leveraged downside beyond the 10% buffer; currency and non-U.S. equity exposure embedded in the MSCI EAFE®; uncertain U.S. tax treatment; and conflicts of interest as JPMS acts as calculation agent, distributor and hedging counterparty.

Investors considering this structured product should review the full "Risk Factors" and tax discussion, evaluate the trade-off between capped upside and potential principal loss, and be prepared to hold until maturity.

JPMorgan Chase Financial Company LLC, una controllata finanziaria interamente posseduta da JPMorgan Chase & Co., offre Note azionarie di partecipazione potenziata con buffer e limite massimo, scadenza 23 luglio 2027 collegate all'indice MSCI EAFE® ("MXEA"). Le note sono garantite in modo pieno e incondizionato da JPMorgan Chase & Co.

Ogni nota ha un valore nominale di 1.000 $ e non corrisponde interessi periodici. Il pagamento in contanti a scadenza dipende dalla performance dell'indice tra la data di negoziazione (≈ 21 luglio 2025) e la data di determinazione (21 luglio 2027):

Rendimento positivo: partecipazione al 200% su qualsiasi guadagno dell'indice, con limite massimo tra 1.185,60 $ e 1.217,60 $ (≈ 18,56%–21,76% di rendimento totale).
Buffer di protezione: il capitale è completamente protetto se l'indice chiude con una perdita ≤10% (livello buffer = 90% del valore iniziale).
Rischio negativo: se l'indice scende oltre il 10%, le perdite sono amplificate dal fattore buffer di 1,1111×; gli investitori potrebbero perdere l'intero capitale investito.

I termini chiave indicativi includono un tasso di partecipazione al rialzo del 2,00, un livello massimo compreso tra il 109,28% e il 110,88% del valore iniziale dell'indice, e l'assenza di caratteristiche di quotazione, call o rimborso anticipato. Il valore stimato al momento del prezzo sarà compreso tra per ogni nota da 1.000 $, inferiore al prezzo di emissione di 1.000 $, a causa di commissioni di vendita (≤2,00%), costi di copertura e spese di strutturazione. Qualsiasi prezzo sul mercato secondario sarà probabilmente inferiore al prezzo di emissione e potrebbe essere fornito solo da JPMS, che non è obbligata a garantire la liquidità.

Rischi principali: esposizione creditizia all'emittente e al garante; rischi di prezzo, liquidità e valutazione dovuti alla natura non quotata delle note; limite massimo al rialzo e leva al ribasso oltre il buffer del 10%; esposizione valutaria e azionaria non statunitense incorporata nell'MSCI EAFE®; trattamento fiscale USA incerto; e conflitti di interesse poiché JPMS agisce come agente di calcolo, distributore e controparte di copertura.

Gli investitori interessati a questo prodotto strutturato dovrebbero leggere attentamente i "Fattori di rischio" completi e la discussione fiscale, valutare il compromesso tra rendimento limitato e possibile perdita del capitale, e prepararsi a mantenere l'investimento fino alla scadenza.

JPMorgan Chase Financial Company LLC, una subsidiaria financiera de propiedad total de JPMorgan Chase & Co., ofrece Notas de Participación Mejorada con Buffer y Límite Máximo, vencimiento 23 de julio de 2027 vinculadas al índice MSCI EAFE® ("MXEA"). Las notas están garantizadas total e incondicionalmente por JPMorgan Chase & Co.

Cada nota tiene un valor nominal de 1,000 $ y no paga intereses periódicos. El pago en efectivo al vencimiento depende del desempeño del índice entre la fecha de negociación (≈ 21 de julio de 2025) y la fecha de determinación (21 de julio de 2027):

Subida: participación del 200% sobre cualquier ganancia del índice, con un tope máximo entre 1,185.60 $ y 1,217.60 $ (≈ 18.56%–21.76% de rendimiento total).
Buffer: el capital está totalmente protegido si el índice cierra con una caída ≤10% (nivel de buffer = 90% del nivel inicial).
Bajada: si el índice cae más del 10%, las pérdidas se amplifican por el factor buffer de 1.1111×; los inversores podrían perder toda su inversión.

Los términos indicativos clave incluyen una tasa de participación al alza del 2.00, un nivel máximo entre 109.28% y 110.88% del nivel inicial del índice, y la ausencia de características de cotización, llamada o redención anticipada. El valor estimado al momento de la fijación de precio será de por nota de 1,000 $, inferior al precio de emisión de 1,000 $, debido a comisiones de venta (≤2.00%), costos de cobertura y tarifas de estructuración. Cualquier precio en el mercado secundario probablemente será inferior al precio de emisión y podría ser ofrecido solo por JPMS, que no está obligada a proveer liquidez.

Aspectos de riesgo: exposición crediticia al emisor y garante; riesgos de precio, liquidez y valoración debido a la naturaleza no listada de las notas; límite máximo al alza y apalancamiento a la baja más allá del buffer del 10%; exposición a divisas y acciones no estadounidenses incorporadas en el MSCI EAFE®; tratamiento fiscal estadounidense incierto; y conflictos de interés ya que JPMS actúa como agente de cálculo, distribuidor y contraparte de cobertura.

Los inversores interesados en este producto estructurado deben revisar completamente los "Factores de Riesgo" y la discusión fiscal, evaluar la compensación entre el límite máximo al alza y la posible pérdida de capital, y estar preparados para mantener la inversión hasta el vencimiento.

JPMorgan Chase Financial Company LLC는 JPMorgan Chase & Co.의 전액 출자 금융 자회사로, MSCI EAFE® 지수("MXEA")에 연계된 2027년 7월 23일 만기 캡 버퍼 강화 참여형 주식 노트를 제공합니다. 이 노트는 JPMorgan Chase & Co.가 전액 및 무조건적으로 보증합니다.

각 노트의 원금은 $1,000이며, 정기 이자는 지급되지 않습니다. 만기 시 현금 지급액은 거래일(≈ 2025년 7월 21일)과 결정일(2027년 7월 21일) 사이의 지수 성과에 따라 달라집니다:

상승 시: 지수 상승분에 대해 200% 참여하되, 최대 정산 금액은 $1,185.60에서 $1,217.60 사이로 제한됩니다 (총 수익률 약 18.56%–21.76%).
버퍼: 지수가 10% 이하 하락하면 원금 전액이 보호됩니다 (버퍼 수준 = 초기의 90%).
하락 시: 지수가 10% 이상 하락하면 손실은 1.1111배 버퍼율로 확대되며, 투자자는 투자 원금 전액을 잃을 수 있습니다.

주요 조건으로는 2.00의 상승 참여율, 초기 지수 수준의 109.28%~110.88% 범위의 캡 레벨, 그리고 상장, 콜 또는 상환 기능이 없습니다. 가격 책정 시 예상 가치는 $957.20~$967.20으로, 발행가 $1,000보다 낮으며, 판매 수수료(≤2.00%), 헤지 비용 및 구조화 수수료가 반영된 금액입니다. 2차 시장 가격은 발행가보다 낮을 것으로 예상되며, JPMS만 제공할 수 있으나 시장 조성 의무는 없습니다.

위험 요약: 발행자 및 보증자에 대한 신용 위험; 비상장 노트로 인한 가격, 유동성 및 평가 위험; 10% 버퍼를 초과하는 캡 제한 상승 및 레버리지된 하락 위험; MSCI EAFE®에 내재된 통화 및 비미국 주식 노출; 불확실한 미국 세금 처리; 그리고 JPMS가 계산 대리인, 배포자 및 헤지 상대방 역할을 하여 발생하는 이해 상충.

이 구조화 상품에 관심 있는 투자자는 전체 "위험 요소" 및 세금 관련 논의를 검토하고, 캡 제한 상승과 원금 손실 가능성 간의 거래를 평가하며, 만기까지 보유할 준비를 해야 합니다.

JPMorgan Chase Financial Company LLC, une filiale financière détenue à 100 % par JPMorgan Chase & Co., propose des Notes de Participation Améliorée avec Buffer et Plafond, échéance le 23 juillet 2027 liées à l'indice MSCI EAFE® ("MXEA"). Les notes sont garanties de manière pleine et inconditionnelle par JPMorgan Chase & Co.

Chaque note a une valeur nominale de 1 000 $ et ne verse aucun intérêt périodique. Le paiement en espèces à l'échéance dépend de la performance de l'indice entre la date de négociation (≈ 21 juillet 2025) et la date de détermination (21 juillet 2027) :

Hausse : participation à 200 % sur toute hausse de l'indice, plafonnée entre un montant de règlement maximal de 1 185,60 $ à 1 217,60 $ (≈ 18,56 %–21,76 % de rendement total).
Buffer : le capital est intégralement protégé si l'indice clôture en baisse ≤10 % (niveau du buffer = 90 % du niveau initial).
Baisse : si l'indice chute de plus de 10 %, les pertes sont amplifiées par un facteur buffer de 1,1111× ; les investisseurs pourraient perdre la totalité de leur investissement.

Les principales conditions indicatives incluent un taux de participation à la hausse de 2,00, un niveau de plafond entre 109,28 % et 110,88 % du niveau initial de l'indice, et l'absence de cotation, d'option de rappel ou de remboursement anticipé. La valeur estimée au moment de la tarification sera comprise entre 957,20 $ et 967,20 $ par note de 1 000 $, inférieure au prix d'émission de 1 000 $, reflétant les commissions de vente (≤2,00 %), les coûts de couverture et les frais de structuration. Tout prix sur le marché secondaire devrait être inférieur au prix d'émission et pourrait être fourni uniquement par JPMS, qui n'est pas tenue d'assurer la liquidité.

Points clés de risque : exposition au crédit de l'émetteur et du garant ; risques de prix, de liquidité et d'évaluation liés à la nature non cotée des notes ; plafond à la hausse et effet de levier à la baisse au-delà du buffer de 10 % ; exposition aux devises et aux actions non américaines intégrée dans le MSCI EAFE® ; traitement fiscal américain incertain ; et conflits d'intérêts puisque JPMS agit en tant qu'agent de calcul, distributeur et contrepartie de couverture.

Les investisseurs envisageant ce produit structuré doivent examiner en détail les « Facteurs de risque » et la discussion fiscale, évaluer le compromis entre un plafond à la hausse et la perte potentielle du capital, et être prêts à conserver jusqu'à l'échéance.

JPMorgan Chase Financial Company LLC, eine vollständig im Besitz von JPMorgan Chase & Co. befindliche Finanztochter, bietet Begrenzte, gepufferte, erweiterte Partizipationsaktiennoten mit Fälligkeit am 23. Juli 2027 an, die an den MSCI EAFE® Index ("MXEA") gekoppelt sind. Die Noten werden von JPMorgan Chase & Co. uneingeschränkt und bedingungslos garantiert.

Jede Note hat einen Nominalwert von 1.000 $ und zahlt keine periodischen Zinsen. Die Barauszahlung bei Fälligkeit hängt von der Indexentwicklung zwischen dem Handelsdatum (≈ 21. Juli 2025) und dem Feststellungstag (21. Juli 2027) ab:

Aufwärts: 200% Partizipation an jeglichem Indexgewinn, begrenzt auf einen maximalen Auszahlungsbetrag zwischen 1.185,60 $ und 1.217,60 $ (≈ 18,56%–21,76% Gesamtrendite).
Buffer: Das Kapital ist vollständig geschützt, wenn der Index um ≤10% fällt (Buffer-Level = 90% des Anfangswerts).
Abwärts: Fällt der Index um mehr als 10%, werden Verluste mit dem 1,1111× Buffer-Faktor verstärkt; Anleger könnten ihr gesamtes Investment verlieren.

Wesentliche indikative Bedingungen umfassen eine Aufwärtsbeteiligungsrate von 2,00, eine Cap-Stufe von 109,28%–110,88% des Anfangsindexniveaus sowie keine Börsennotierung, Rückruf- oder Rückzahlungsoptionen. Der geschätzte Wert bei der Preisfestsetzung liegt bei pro 1.000 $-Note, unter dem Ausgabepreis von 1.000 $, was Verkaufsprovisionen (≤2,00%), Absicherungskosten und Strukturierungsgebühren widerspiegelt. Ein Sekundärmarktpreis wird voraussichtlich unter dem Ausgabepreis liegen und könnte nur von JPMS gestellt werden, das nicht verpflichtet ist, Marktpreise zu stellen.

Risikoübersicht: Kreditrisiko gegenüber Emittent und Garantiegeber; Preis-, Liquiditäts- und Bewertungsrisiken aufgrund der nicht börsennotierten Natur der Notes; begrenztes Aufwärtspotenzial und gehebeltes Abwärtsrisiko über den 10%-Buffer hinaus; Währungs- und Nicht-US-Aktienexposure im MSCI EAFE®; unsichere US-Steuerbehandlung; und Interessenkonflikte, da JPMS als Berechnungsagent, Vertriebspartner und Absicherungsgegenpartei fungiert.

Investoren, die dieses strukturierte Produkt in Betracht ziehen, sollten die vollständigen "Risikofaktoren" und steuerlichen Hinweise prüfen, den Kompromiss zwischen begrenztem Aufwärtspotenzial und möglichem Kapitalverlust abwägen und bereit sein, bis zur Fälligkeit zu halten.

Positive

200% upside participation until cap provides leveraged exposure to MSCI EAFE gains.
10% downside buffer preserves principal for moderate index declines.
Full JPMorgan Chase & Co. guarantee adds investment-grade credit support.

Negative

Maximum return capped at roughly 18.6%-21.8%, limiting upside potential.
Losses accelerate 1.1111× once the index falls beyond the 10% buffer; capital is at risk.
No secondary-market listing and dealer is not obliged to make markets, creating liquidity risk.
Estimated value below issue price (≈ 96% of par) reflects fees and may pressure early valuations.
Uncertain tax treatment and potential IRS recharacterisation of income.

Insights

TL;DR – 2× upside to ~19-22% cap, 10% buffer, no coupons; capital at risk and illiquid.

The note offers leveraged exposure to developed ex-U.S. equities with modest protection. The 10% downside buffer shields small declines, but losses accelerate 1.1111× thereafter. Upside is attractive at 200% participation yet absolute returns are capped, restricting gains if MSCI EAFE rallies strongly. The indicative value of 95.7-96.7% shows a typical 3-4% embedded cost, and the product is completely reliant on JPM credit. For investors seeking short-dated, defensive equity exposure the structure can fit, but it is unsuitable for those needing income or full capital protection. Overall market impact: negligible; issuer routinely prints similar notes.

TL;DR – Niche note; tactical play on mild EAFE appreciation with limited drawdown, insignificant to JPM earnings.

From a portfolio standpoint, the instrument substitutes for a covered-call or buffered ETF. It may add value if investors expect a mid-single-digit rise in EAFE over two years, but its illiquidity and credit component reduce flexibility. Because issuance size is undisclosed and Series A MTNs are frequent, the transaction is immaterial to JPMorgan’s capital or funding mix. I classify the disclosure as neutral for broad equity holders, but note buyers must weigh credit, tax and secondary-market risks carefully.

Rendimento positivo: partecipazione al 200% su qualsiasi guadagno dell'indice, con limite massimo tra 1.185,60 $ e 1.217,60 $ (≈ 18,56%–21,76% di rendimento totale).
Buffer di protezione: il capitale è completamente protetto se l'indice chiude con una perdita ≤10% (livello buffer = 90% del valore iniziale).
Rischio negativo: se l'indice scende oltre il 10%, le perdite sono amplificate dal fattore buffer di 1,1111×; gli investitori potrebbero perdere l'intero capitale investito.

Subida: participación del 200% sobre cualquier ganancia del índice, con un tope máximo entre 1,185.60 $ y 1,217.60 $ (≈ 18.56%–21.76% de rendimiento total).
Buffer: el capital está totalmente protegido si el índice cierra con una caída ≤10% (nivel de buffer = 90% del nivel inicial).
Bajada: si el índice cae más del 10%, las pérdidas se amplifican por el factor buffer de 1.1111×; los inversores podrían perder toda su inversión.

상승 시: 지수 상승분에 대해 200% 참여하되, 최대 정산 금액은 $1,185.60에서 $1,217.60 사이로 제한됩니다 (총 수익률 약 18.56%–21.76%).
버퍼: 지수가 10% 이하 하락하면 원금 전액이 보호됩니다 (버퍼 수준 = 초기의 90%).
하락 시: 지수가 10% 이상 하락하면 손실은 1.1111배 버퍼율로 확대되며, 투자자는 투자 원금 전액을 잃을 수 있습니다.

Hausse : participation à 200 % sur toute hausse de l'indice, plafonnée entre un montant de règlement maximal de 1 185,60 $ à 1 217,60 $ (≈ 18,56 %–21,76 % de rendement total).
Buffer : le capital est intégralement protégé si l'indice clôture en baisse ≤10 % (niveau du buffer = 90 % du niveau initial).
Baisse : si l'indice chute de plus de 10 %, les pertes sont amplifiées par un facteur buffer de 1,1111× ; les investisseurs pourraient perdre la totalité de leur investissement.

Aufwärts: 200% Partizipation an jeglichem Indexgewinn, begrenzt auf einen maximalen Auszahlungsbetrag zwischen 1.185,60 $ und 1.217,60 $ (≈ 18,56%–21,76% Gesamtrendite).
Buffer: Das Kapital ist vollständig geschützt, wenn der Index um ≤10% fällt (Buffer-Level = 90% des Anfangswerts).
Abwärts: Fällt der Index um mehr als 10%, werden Verluste mit dem 1,1111× Buffer-Faktor verstärkt; Anleger könnten ihr gesamtes Investment verlieren.

07/14/2025 - 05:30 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jackson Denise L

(Last)

(First)

(Middle)

C/O TRACTOR SUPPLY COMPANY

5401 VIRGINIA WAY

(Street)

BRENTWOOD

37027

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TRACTOR SUPPLY CO /DE/ [ TSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	07/10/2025		S⁽¹⁾		1,000	D	$57.5	33,288	D
Common stock	07/10/2025		S⁽¹⁾		1,000	D	$58	32,288	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported stock sale was effected pursuant to a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), adopted on February 14, 2025.

Remarks:

	Denise L. Jackson by: /s/ Robert C. Lambourne, as Attorney-in-fact	07/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What is the upside cap on the JPMorgan Capped Buffered Enhanced Participation Equity Notes?

The cap translates to a maximum settlement amount of $1,185.60 to $1,217.60 per $1,000 note, or roughly 18.6%-21.8% total return.

How much downside protection do these notes provide?

Investors are protected against index losses of up to 10%; beyond that, losses are leveraged at approximately 1.1111× the additional decline.

Do the notes pay any interest or coupons?

No. The notes are zero-coupon instruments; all return is delivered in a single payment at maturity.

When do the notes mature and what are the key dates?

Trade date is on or about July 21 2025; determination date is July 21 2027; stated maturity date is July 23 2027.

What is the estimated value versus the issue price?

The estimated value will be $957.20-$967.20 per $1,000 note, below the $1,000 issue price due to selling commissions, hedging costs and structuring fees.

Are the notes affected by JPMorgan’s credit quality?

Yes. All payments depend on the credit of JPMorgan Chase Financial Company LLC as issuer and JPMorgan Chase & Co. as guarantor.

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FAQ

What is the upside cap on the JPMorgan Capped Buffered Enhanced Participation Equity Notes?

How much downside protection do these notes provide?

Do the notes pay any interest or coupons?

When do the notes mature and what are the key dates?

What is the estimated value versus the issue price?

Are the notes affected by JPMorgan’s credit quality?

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[Form 4] Tractor Supply Co Insider Trading Activity

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FAQ

What is the upside cap on the JPMorgan Capped Buffered Enhanced Participation Equity Notes?

How much downside protection do these notes provide?

Do the notes pay any interest or coupons?

When do the notes mature and what are the key dates?

What is the estimated value versus the issue price?

Are the notes affected by JPMorgan’s credit quality?

NASDAQ:TSCO

TSCO Rankings

TSCO Latest News

TSCO Latest SEC Filings

TSCO Stock Data