| Cap & Buffer Information: |
| Reference Asset: |
SPDR® S&P 500® ETF Trust (SPY) |
| Starting Reference Asset Value: |
$409.77 |
| Capped Return: |
$11.29 per unit |
|
Which represents the following percentage capped return for: |
| Standard Accounts: |
10.26% |
| Fee Accounts: |
11.77% |
|
| Buffer Level: |
30.00% of Initial NAV |
|
Based on the capped level/maximum gain of approximately 12.87% of NAV as of 4/3/2023 less the trust's fees and expenses. Both the cap and buffer are fixed levels that are calculated in relation to the price of the underlying ETF at the time the FLEX options are executed on the trust’s initial date of deposit. Buffer level does not account for sales charges, organizations costs, trust fees and expenses.
|
Final Value (as of 7/2/2024):
|
| Standard Account Trust Return: |
10.46% |
| Fee Account Trust Return: |
11.98% |
| Reference Asset Value: |
$549.01 |
| Reference Asset Return: |
33.98% |
|
Past Performance is no indication of future results. Investment returns and principal value will fluctuate and units, when sold or redeemed, may be worth more or less than their original cost. All returns are historical and do not represent potential future performance. This is not and should not be construed as an offer to buy or sell securities.
Standard Account Trust Return reflects the maximum transactional sales charge that would be payable by an investor. The transactional sales charge includes any initial or deferred sales charges other than the creation and development fee. These returns do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.
Fee Account Trust Return does not reflect any transactional sales charge and does not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.
Reference Asset - The underlying ETF to which the trust provides exposure and to which the FLEX Options prices are based.
Starting Reference Asset Value - The value of the Reference Asset on the trust's initial day of deposit.
Capped Return - Maximum possible Net Asset Value of the trust if held from the trust's initial day of deposit until the trust's termination date.
Buffer Level - The amount of downside protection the trust seeks to provide if held until the trust's termination date.
Reference Asset Value - The value of the Reference Asset as of the date shown.
Reference Asset Return - The price return of the Reference Asset since the trust's initial day of deposit.
The trust's ability to provide returns with a capped upside and defined buffer against losses is dependent on unit holders purchasing units at a price equal to the initial net asset value and holding them until the trust's termination date.