|Series Name||Series Inception||Series End||Updated||Remaining Outcome Period||Reference Return||Remaining Cap||Remaining Shield||Illustrative Inception Value: Cap||Illustrative Inception Value: Shield Start||Illustrative Inception Value: Shield End|
|SOS 10 June 2020 Series||6/9/2020||6/10/2021||9/11/2020||269||4.03%||5.70%||13.48%||9.96%||0.00%||-10.00%|
|SOS 20 June 2020 Series||6/9/2020||6/10/2021||9/11/2020||269||4.03%||0.92%||23.10%||4.98%||0.00%||-20.00%|
|SOS 10 July 2020 Series||7/8/2020||7/9/2021||9/11/2020||298||5.59%||11.77%||14.76%||18.01%||0.00%||-10.00%|
|SOS 20 July 2020 Series||7/8/2020||7/9/2021||9/11/2020||298||5.59%||3.08%||24.23%||8.84%||0.00%||-20.00%|
|SOS 10 August 2020 Series||8/21/2020||8/24/2021||9/11/2020||344||-1.65%||17.25%||8.49%||15.31%||0.00%||-10.00%|
|SOS 20 August 2020 Series||8/21/2020||8/21/2021||9/11/2020||344||-1.65%||10.06%||18.65%||8.24%||0.00%||-20.00%|
Disclosures: SMAs charge fees and expenses. No such fees or expenses were deducted from the hypothetical return scenarios shown above. Actual returns would be lower. The cap is shown gross of the 0.50% management fee. The upside cap for a strategy is determined at the inception date of the outcome period in each calendar year. The cap investors will experience may be different than what is illustrated herein. The SOS Shield 10 and 20 series seek to shield investors against losses from 0%-10% and 0%-20% respectively, over the outcome period. There is no performance guarantee.
Series Inception – The trading day used to base pricing of underlying reference asst and FLEX Options for all three of the SOS Shield strategies.
Series End – The date each of the three SOS Shield strategies will expire after the Outcome Period, usually 12 months and 1 day from the inception date.
Remaining Outcome Period – Represents the number of days remaining until the end of the Outcome Period (Series End Date). The structured outcome values may only be realized for an investor who remains invested for the entire Outcome Period shown.
Reference Return – Represents the current value and the price return of the Reference Asset since the start of the Outcome Period.
Remaining Cap – Based on the respective SOS Shield strategy’s current bid/ask midpoint, the best potential return if held to the end of the Outcome Period, assuming the Reference Asset meets or exceeds the cap.
Remaining Shield – Represents the current amount of the SOS Shield strategy’s stated downside shield remaining, which is the sum of Downside Before Shield, Reference Asset to Shield End, and Unrealized Option Payoff.
Performance data quoted is hypothetical, representing past performance based on a specific inception date. Actual performance experienced by SOS Shield investors will vary if their Series Inception Date differs from what is shown above. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate during the Outcome Period, and the account value may be worth more or less than their original investment amount at the end of the Outcome Period.