AllianzIM U.S. Large Cap Buffer10 Nov ETF (NYSE : NVBT ) Stock

The Fund seeks to match, at the end of the current Outcome Period, the share price returns of the SPDR S&P 500 ETF Trust (the Underlying ETF), up to a specified upside Cap, while providing a Buffer against the first 10% of Underlying ETF losses. The Cap and the Buffer will be reduced after taking into account management fees and other Fund fees and expenses. The current Outcome Period is from November 1, 2022 to October 31, 2023 Fund invests at least 80% of its net assets in instruments with economic characteristics similar to U.S. large cap equity securities. Specifically, the Fund intends to invest substantially all of its assets in FLexible EXchange Options (FLEX Options) that reference the Underlying ETF. FLEX Options are customized equity or index options contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates.