The Fund pursues a buffered strategy that seeks to provide returns that track the share price returns of the SPDR S&P 500 ETF Trust (the Underlying ETF) (i.e., the market price returns of the Underlying ETF), at the end of a specified one-year period, from April 1 to March 31, as described below (the Outcome Period), subject to a Spread, and to provide downside protection with a buffer against the first 15% of Underlying ETF losses for the Outcome Period (the Buffer). The Spread represents the opportunity cost (i.e., the upside performance a shareholder forgoes) in return for the downside protection provided by the Buffer. The Fund's intended return measured across different market conditions (e.g., rising or declining markets) is referred to as outcomes in this prospectus. The Underlying ETF's share price returns reflect the price at which the Underlying ETF's shares trade on the secondary market (not the Underlying ETFs net asset value).