| Distribution & Buffer Information: |
| Reference Asset: |
SPDR® S&P 500® ETF Trust (SPY) |
| Starting Reference Asset Value: |
$509.84 |
| Target Distribution: |
$0.86 per unit |
|
Which represents the following percentage distribution for: |
| Standard Accounts: |
6.16% |
| Fee Accounts: |
7.62% |
|
| Buffer Level: |
10.00% of Initial NAV |
|
Based on the target distribution of approximately 8.57% of NAV as of 3/5/2024 less the trust's fees and expenses. The buffer is a fixed level that is calculated in relation to the price of the reference asset as of the time the FLEX Options are executed on the trust's initial date of deposit. The target distribution is a fixed level that is calculated in relation to the premiums paid by the underlying U.S. Treasuries at the time of purchase. The figures listed reflect the total target distribution over the term of the trust and are dependent on unit holders purchasing units at a price equal to the initial NAV and holding them until the trust's termination date. Buffer level does not account for sales charges, organization costs, trust fees and expenses.
|
Final Value (as of 6/5/2025):
|
| Standard Account Trust Return: |
6.09% |
| Fee Account Trust Return: |
7.54% |
| Reference Asset Value: |
$593.05 |
| Reference Asset Return: |
16.32% |
|
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.
Target Distribution - Maximum possible total return 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.
Investors will not participate in any positive price movements of the reference asset above its price level on the initial date of deposit and will be subject to losses below the buffer level. The trust’s ability to provide a consistent distribution rate and defined downside protection 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. There is no guarantee that the trust's targeted distribution rate will be achieved.