NVBU — AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF ☆

The Fund seeks to provide, at the end of the current Outcome Period, returns that track the share price returns of the SPDR ® S&P 500 ® ETF Trust (the “Underlying "ETF”) that are in excess of the Spread in positive market environments, while providing downside protection with a Buffer against the first 15% of Underlying ETF losses. The stated Spread and Buffer are before Fund fees and expenses.