NMAY

The Fund seeks to provide investors with returns that match the price return of the Invesco QQQ TrustSM, Series 1, up to the upside cap of 17.00% (prior to taking into account management fees and other fees) while providing a buffer against the first 15% (prior to taking into account management fees and other fees) of Invesco QQQ TrustSM, Series 1 losses, over the period from May 1, 2025 to April 30, 2026. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in FLexible EXchange Options ("FLEX Options") that reference the Invesco QQQ Trust, Series 1 (the "Underlying ETF"). FLEX Options are exchange-traded option contracts with uniquely customizable terms. The reference asset for all of the Fund's FLEX Options is the Underlying ETF. The Underlying ETF is a unit investment trust that seeks to track the investment results, before fees and expenses of the NASDAQ-100 Index, which includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.