Caps shown are net of any sales charges or organization costs.

Buffer level does not account for sales charges, organization costs, or any additional fees and expenses that may be incurred.

Volatility and other market conditions may cause the cap set by the strategy to be higher or lower than the cap stated. Both the cap and buffer are fixed levels that are calculated in relation to the price of the underlying ETF as of the time the FLEX Options are executed on the trust’s initial date of deposit. Any change in the market value of the trust’s assets between the time the FLEX Options are executed and the evaluation time on the initial date of deposit will result in unitholders experiencing a cap or a buffer different from what is described herein.

SPY - SPDR® S&P 500® ETF Trust is an exchange-traded fund based on the S&P 500 Index, which is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.

QQQ - Invesco QQQ Trust^SM, Series 1 is an exchange-traded fund based on the Nasdaq-100 Index®, which is an unmanaged index that includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.

IWM - iShares Russell 2000 ETF is an exchange-traded fund based on the Russell 2000 Index which is composed of small-capitalization U.S. equities.