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The investment seeks to provide investors with returns of approximately twice any positive price return of the SPDR® S&P 500® ETF Trust, up to a predetermined upside cap of 9.94% while providing a buffer against the first 15% of Underlying ETF losses, over the period from August 19, 2024 through August 15, 2025. Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange® Options that reference the price performance of the SPDR® S&P 500® ETF Trust. The fund is non-diversified.