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Calamos Announces Upside Cap Ranges for CPSU and CPNJ: Structured Protection ETFs Providing Exposure to the S&P 500 and Nasdaq-100 with 100% Downside Protection Over One Year

On May 16, 2025, Calamos Investments LLC disclosed the projected upside cap percentages for its upcoming CPSU ETF debut and the June reset of its CPNJ ETF, both offering full downside protection and linked to major U.S. Equity indexes for a one-year term.
The announcement follows the funds' structure that uses FLEX Options guaranteed by the Options Clearing Corporation and caps returns to manage risks during volatile market conditions.
CPSU offers exposure to the SPDR S&P 500 ETF Trust with a 6.69% to 7.30% upside cap range, while CPNJ offers exposure to the Invesco QQQ Trust with a 7.10% to 8.02% cap range, both with approximately one-year outcome periods starting June 2, 2025.
Each fund provides 100% downside protection before fees and expenses, with annual expense ratios of 0.69%, and gains grow tax-deferred, subject to long-term capital gains taxation if held beyond one year.
These ETFs reset annually to offer refreshed upside caps and protection but carry risks including capped gains, market volatility exposure, and no assurance of achieving investment objectives, as detailed on www.calamos.com.

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Calamos Announces Upside Cap Ranges for CPSU and CPNJ: Structured Protection ETFs Providing Exposure to the S&P 500 and Nasdaq-100 with 100% Downside Protection Over One Year

The Calamos S&P 500® Structured Alt Protection ETF® – June (CPSU) is slated to launch June 2, 2025, with an estimated upside cap range of 6.69% - 7.30% over a one-year outcome period.The Calamos Nasdaq-100® Structured Alt Protection ETF® —…

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