Assuming you purchase one $10 Buffer Note linked to “XYZ Index” with a 2-year maturity, a Buffer Amount of 10%, a Maximum Return of 30%, and a Leverage Factor of 300%, the following represent four potential returns at maturity: Below are select hypothetical return scenarios and are not representative of the performance of any

Oct 26, 2018 Enhanced Return Buffered Notes - Advisors Asset Management Enhanced Return Buffered Notes Engage in the market while managing downside risk Key Features of Enhanced Return uffered Notes • • Performance is linked to an underlying asset, generally a common stock or market index. • Partial principal protection. Guarded Growth: Buffered Enhanced Return Notes BUFFERED ENHANCED RETURN NOTES – PAYOFF PROFILE AT MATURITY The following illustrates the hypothetical payouts of a Buffered Enhanced Return Note linked to an underlying index and assumes a 20% Buffer and 120% participation. BUFFERED ENHANCED RETURN NOTE: RETURN SCENARIOS AT MATURITY Scenarios Index Return Note Return* Note Payoff Buffer Notes A Guide for Investors

May 07, 2014 · One of the more basic structures is referred to as a “buffered note.” Buffered notes are structured with limited downside risk and, in return for the investor taking some risk, the payout on the

Buffered Return Enhanced Note. A structured note that offers an enhanced return (upside participation) depending on the performance of its underlying rate or underlying asset (index, commodity, basket of stocks, currency, etc.), and also contingent level of downside protection (buffered/ limited protection). Buffers protect an investor (or ‘Buffer’ the return) from a stated decline in the performance of the equity investment at maturity. For example, a note with 30% buffer protection protects the investor from the first 30% drop at maturity.

Buffered Notes are short-term structured investments offering an enhanced return based on the performance of the underlying asset, with a contingent amount of downside protection. Unlike Principal Protected Notes, Buffered Notes offer a limited amount of downside protection.

Enhanced Return Buffered Notes. Engage in the market while managing downside risk Key Features of Enhanced Return uffered Notes •. • Performance is linked to an underlying asset, generally a common stock or market index. • Partial principal protection. Designed to absorb (or “buffer”) some of the downside exposure to the underlying asset, generally between 10-30%, depending on the terms of the note and subject to the credit risk of the issuer. Buffered Notes are short-term structured investments offering an enhanced return based on the performance of the underlying asset, with a contingent amount of downside protection. Unlike Principal Protected Notes, Buffered Notes offer a limited amount of downside protection. For example, a Buffered Note may protect the investor for the first 25% of erosion of the underlying asset, but any decline in value beyond that is not protected. BUFFERED ENHANCED RETURN NOTES – PAYOFF PROFILE AT MATURITY The following illustrates the hypothetical payouts of a Buffered Enhanced Return Note linked to an underlying index and assumes a 20% Buffer and 120% participation. BUFFERED ENHANCED RETURN NOTE: RETURN SCENARIOS AT MATURITY Scenarios Index Return Note Return* Note Payoff 18 month Buffered Return Enhanced Notes linked to the S&P 500 „18 month Notes linked to the S&P 500 Index „Return linked to 200% of the appreciation of the S&P 500 Index up to a maximum return of 14.5% „The Notes contain a 10% static buffer at maturity to protect against the first 10% of any depreciation in the Index Assuming you purchase one $10 Buffer Note linked to “XYZ Index” with a 2-year maturity, a Buffer Amount of 10%, a Maximum Return of 30%, and a Leverage Factor of 300%, the following represent four potential returns at maturity: Below are select hypothetical return scenarios and are not representative of the performance of any Buffered Enhanced Return Notes: Principal Return Notes: RBIs – Rules Based Investment Strategies. Access Agreement. BEFORE YOU CLICK THE "ACCEPT" BUTTON BELOW