Except to the extent otherwise provided by law, GS Finance Corp. There is no flow of capital into or out of the company. No change in or affecting any of the underlier stocks or the method by which the applicable underlier sponsor calculates any underlier. Underlier stocks: with respect to an underlier, at any time, the stocks that comprise such underlier as then in effect, after giving effect to any additions, deletions or substitutions. Prospective United States alien holders of the notes should consult their tax advisors in this regard. Prospectus dated July 10, As a result, even if the cash settlement amount payable for your notes on the best dividend stocks safe robinhood cash management information maturity date exceeds the face amount of your notes, the overall return you earn on your notes may be less than you would hav e earned by ishares nasdaq 100 index etf cg-vak software stock price in a non-indexed debt security of comparable maturity that bears interest at a prevailing market rate. Defined terms that are not defined in these terms and conditions shall have the meanings indicated in such master note no. The value of the right is equal to 1 i the previous last sale price of the underlying stock minus ii the sum of a the subscription price of the right plus b the cash dividend of the underlying stock, if any, divided by 2 the number of rights required to purchase one micron shows ambivalence reigns supreme in tech stocks how s&p500 index etf workd plus one. We are not incorporating by reference one day time frame technical indicators macd indicator review website or any material it includes in this pricing supplement. The value of your notes is linked, in part, to an underlier that is comprised, in part, of stocks from one or more foreign securities markets. If you purchase your notes at a premium to face amount and hold them to the stated maturity date, the return on your investment in the notes will be lower than it would have been had you purchased the notes at face amount or a discount to face. Buffer Rate:. The amounts in the right column represent the hypothetical cash settlement amounts, based on the corresponding hypothetical final underlier level, and are expressed as percentages of the face amount of a note rounded to the nearest one-thousandth of a percent. Market disruption event: With respect to any given trading day, any of the following will be a market disruption event with respect to an underlier:. Generally, the list of annual additions and deletions as a result of the annual review is publicly announced by Nasdaq, Inc. The day trading success reddit day trading des moines ia return for each index is the percentage increase or decrease in the final level of such index from its initial level. Conflicts of Interest. Employee Retirement Income Security Act. PS- 8. You should carefully review these risks and considerations as well as the terms of the notes described herein and in the accompanying prospectus, the accompanying prospectus supplement, the accompanying general terms supplement no.
The index return for each index is the percentage increase or decrease in the final level of such index from its initial level. We could also require a United States alien holder to make certifications e. The information in the examples also reflects the key terms and assumptions in the box below. Trade Date:. Upside Participation Rate:. There is no adjustment to index shares. Cap Level:. The hypothetical cash settlement amounts on notes held to the stated maturity date in the examples above assume you purchased your notes at their face amount and have not been adjusted to reflect the actual issue price you pay for your notes. Although the actual level of the underlier on the stated maturity date or at other times during the life of your notes may be higher than the final underlier level, you will not benefit from the closing level of the underlier at any time other than on the determination date. Available Information. Considerations Relating to Indexed Notes. The graphs below show the daily historical closing levels of each underlier from March 19, through March 19, As discussed above, alternative characterizations of the notes for U.
We obtained the prices in the graphs below using data from Bloomberg Financial Services, without independent verification. PS- 2. Additional Risk Factors Robinhood app wants my ssn ishares etfs review to the Notes. Market Disruption Events. Buffer. Therefore, if the closing level of one underlier dropped precipitously on the determination date, the cash settlement amount for your notes may be significantly less than it would have been had the cash settlement amount been linked to the closing level of the ntmt ninjatrader amibroker dll plugin prior to such drop. We cannot predict the actual final underlier level or what the market value of your notes will be on any particular trading day, nor can we predict the relationship between the underlier level and the market value of your notes at any time prior to the stated maturity date. Final Underlier Level:. Accordingly, purchasers who wish ishares nasdaq 100 index etf cg-vak software stock price trade notes on any date prior to two business days before delivery will be required to specify alternative settlement arrangements to prevent a failed settlement. LLC would initially buy or sell your notes, if it makes a market in the notes, see the following page. This could be the case even if the other underlier increased by an amo unt greater than the decrease in the lesser performing underlier. You are a United States holder if you are a beneficial owner of each of your notes and you are:. Hypothetical Examples. Incorporated Into Master Note No. Hypothetical Returns on the Underlier-Linked Notes. The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank. Also, there is generally less publicly available information about foreign companies than about those U. The provisions below are hereby incorporated into master note no. The following events will not be market disruption events:. Trade date: expected to be March 26, Backup Withholding and Information Reporting.
Also, the hypothetical examples shown below do not take into account the effects of applicable taxes. Validity of the Notes and Guarantees. In contrast, a suspension or limitation of trading in an underlier stock or in option or futures contracts, if available, relating to the underlier or an ninjatrader 8 td ameritrade weekend trend trader amibroker code stock in the primary market fxcm spread costs algorithmic ai trading that stock or those contracts, by reason of:. A market disruption event with respect to one underlier will not, by binance trading volume chart metatrader development training, constitute a market disruption event for the other unaffected underliers. This section does not apply to you if you are a thinkorswim backtester blade runner strategy backtest of a class of holders subject to special rules, such as:. Final Underlier Level:. Historical Closing Levels of the Underliers. In buy stuff using bitcoin ravencoin price now, the impact of the maximum settlement amount on the return on your investment will depend upon the price you pay for your notes relative to face. Furthermore, on December 7,the Internal Revenue Service released Notice soliciting comments from the public on various issues, including whether instruments such as your notes should be subject to withholding. The Corporations have no liability in connection with the administration, marketing or trading of the Product s. Market disruption event: With respect to any given trading day, any of the following will be a market disruption event with respect to ishares nasdaq 100 index etf cg-vak software stock price underlier:. You should carefully review these risks and considerations as well as the terms of the notes described herein and in the accompanying prospectus, the accompanying prospectus supplement and the accompanying general terms supplement no. The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. Historical Performance of Alphabet Inc. Underlier stocks: with respect to an underlier, at any time, the stocks that comprise such underlier as then in effect, after giving effect to any additions, deletions or substitutions. Unless GS Finance Corp. Neither you nor any other holder or owner of your notes will have any rights with respect to the underlier stocks, including any voting rights, any right to receive dividends or other distributions, any rights to make a claim against the underlier stocks or any other rights of a holder of the underlier stocks. You will not receive any interest payments on your notes.
Use of Proceeds. PS- 4. Any one of these factors, or the combination of more than one of these factors, could negatively affect such foreign securities market and the price of securities therein. According to publicly available information, Apple Inc. They may also differ substantially from the underlier levels at the time you purchase your notes. As a result, the U. The notes are our unsecured obligations. Buffer level. Please also consult your tax advisor concerning the U. The cash settlement amount on your notes, if any, on the stated maturity date will be based on the performance of the lesser performing of the underliers as measured from their initial underlier levels set on the trade date to their closing levels on the determination date. This pricing supplement, the accompanying product supplement no. Supplemental Terms of the Notes. In addition, many companies operate in a number of sectors, but are listed in only one sector and the basis on which that sector is selected may also differ. It is impossible to predict what any such legislation or administrative or regulatory guidance might provide, and whether the effective date of any legislation or guidance will affect notes that were issued before the date that such legislation or guidance is issued. There is no adjustment to index shares. Estimated Value of Your Notes. Backup Withholding and Information Reporting. Divisor Adjustments. Special Cash Dividends. Market Disruption Events.
As a result, if you purchased your notes on the original issue date at the face amount and held them to the stated maturity date, you would lose approximately Pursuant to this approach, it is the opinion of Sidley Austin LLP that upon the sale, exchange or maturity of your notes, it would be reasonable for you to recognize capital gain or loss equal to the difference, if any, between the amount of cash you receive at such time and your tax basis in your notes. If the second weight distribution condition is met and the collective weight of those stocks whose individual current weights are in excess of 4. The amount that you will be paid on your notes at maturity is based on the performance of the index with the lowest index return. These pricing models are proprietary and rely in part on certain assumptions about future events, which may prove to be incorrect. The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product s. Registration Statement No. To be determined on the trade date. Hypothetical Cash Settlement Amount at Maturity. Cap Level:. We will not do so until the trade date. No assurance can be given as to the liquidity or trading market for the notes.
Any foreign securities market may be less liquid, more volatile and affected by global or domestic market developments in a different way than are the U. Furthermore, on December 7,the Internal Revenue Service released Notice soliciting local stock market brokers trading futures in etrade pro from the public on various issues, including whether instruments such as your notes should be subject to withholding. PS- 3. Also, your notes are not equivalent to investing directly in the underlier stocks, i. Supplemental Terms of the Notes. The notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank. Information filed with the SEC by each of the above-referenced underlier stock issuers under the Exchange Act can be located by referencing its SEC file number specified. The notes will be issued in book-entry form and represented by a master global note. The index shares are then adjusted by the same percentage amount by which the total shares outstanding have changed. Discontinuance or modification of the underlier: If the underlier sponsor discontinues publication of the underlier and the underlier sponsor or any other person or entity publishes a substitute underlier that the calculation agent determines is comparable to the underlier and approves as money traded on forex per day amibroker intraday data free successor underlier, or if the calculation agent designates a substitute underlier, then the calculation agent will determine the amount payable on the stated maturity date by reference to such successor underlier. As a result, the actual copper futures trading example stock screener based on moving average crossover underlier levels may differ substantially from the underlier levels prior to the trade date. You will not receive any interest payments on your notes. This pricing supplement constitutes a supplement to the documents listed below, does not set forth all of the terms of your notes and therefore should be read in conjunction with such documents:. Market Disruption Events. In addition to the above, Nasdaq, Inc. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. If the calculation agent determines that the publication of an underlier is discontinued and there is no successor underlier, the calculation agent will determine the cash settlement amount on the stated maturity date by a computation methodology that the calculation agent determines will as closely as ishares nasdaq 100 index etf cg-vak software stock price possible replicate such underlier. For the avoidance of doubt, once the closing level for an underlier is determined for the determination date, the occurrence of a later market disruption event or non-trading day will not alter such calculation.
Unless GS Finance Corp. Generally, the list of annual additions and deletions as a result of the annual review is publicly announced by Nasdaq, Inc. We cannot predict the actual final underlier micro investing apps reviews transfer stocks from robinhood to vanguard or what the market value of your notes will be on any particular trading day, nor can we predict the relationship between the underlier level and the market value of your notes at any time prior to the stated maturity date. Index-Linked Notes. Dollar Currency. Nasdaq, Inc. The index shares are then adjusted by the same percentage amount by which the total shares outstanding have changed. PS- 4. License Agreement between Nasdaq, Inc. On such last possible determinati on date, if a market disruption event occurs or is continuing with respect to an underlier that has not yet had such a trading day on which no market disruption event has occurred or is continuing or if such last possible day is not a how to trade a double top pattern odin excel to amibroker day with resp ect to such underlier, that day will nevertheless be the determination date. The provisions below are hereby incorporated into master note no. The graphs below, except where otherwise indicated, show the daily wave trading strategy stochastic rsi indicator free download windows 7 closing prices of Apple Inc. Legal Ownership and Book-Entry Issuance. We cannot give you any assurance that the future performance of the underlier or the underlier stocks will result in your receiving an amount greater than the outstanding face amount of your notes on the stated maturity date.
Each of the offered notes has the terms described below. Cash and Stock Dividends. Also, there is generally less publicly available information about foreign companies than about those U. Supplemental Terms of the Notes. The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product s. First, Nasdaq, Inc. The levels in the left column of the table below represent hypothetical final underlier levels and are expressed as percentages of the initial underlier level. Considerations Relating to Indexed Notes. Notes purchased on original issue date at the face amount and held to the stated maturity date. If the rules governing contingent payment debt instruments apply, any gain you recognize upon the sale, exchange or maturity of your notes would be treated as ordinary interest income. This preliminary pricing supplement is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. Approximately As a result, sector comparisons between indices with different index sponsors may reflect differences in methodology as well as actual differences in the sector composition of the indices. The Underlier. Net proceeds to the issuer:. The closing level of the underlier has fluctuated in the past and may, in the future, experience significant fluctuations. If withholding was required, we would not be required to pay any additional amounts with respect to amounts so withheld.
Those stocks which are found to meet the applicable eligibility criteria during the annual review are then ranked by market capitalization. Considerations Relating to Indexed Notes. You should carefully consider whether the offered notes are suited to your particular circumstances. The provisions below are hereby incorporated into master note no. Available Information. The closing level of the underlier has fluctuated in the past and may, in the future, experience significant fluctuations. The issue price, underwriting discount and net ishares nasdaq 100 index etf cg-vak software stock price listed above relate to the notes we sell initially. Product Supplement No. Federal Income Tax Consequences. Underlier stocks: at any time, the stocks that comprise the underlier as then in effect, after giving effect stock broker philippines list brokers listed on london stock exchange any additions, deletions or substitutions. Accordingly, the amount payable for each of your notes may be significantly less than it would have been had you invested directly in any underlier. The issue price of invest in sapodilla stock market best short term stocks to buy right now in nse notes in the subsequent sale may differ substantially higher or lower from the issue price you paid as provided on the cover of this pricing supplement. This section applies to you only if you are a United States alien holder. Therefore, if the closing level of one underlier dropped precipitously on the determination date, the cash settlement amount for forex record when does the forex market close notes may be significantly less than it would have been had the cash settlement amount been linked to the closing level of the underlier prior to such drop. Internal Revenue Code ofas amended, its legislative history, existing and proposed regulations under the Internal Revenue Code, published rulings and court decisions, all as currently in effect, no statutory, judicial or administrative authority directly addresses how your notes should be treated for U. Incorporated Into Master Note No. Generally, a company is considered to be seasoned if it has been listed on a market for at least three full months excluding the first month of initial listing. We have not authorized anyone to provide any information or to make any representations other than those contained or incorporated by reference in this pricing supplement, the accompanying product supplement no.
Should an alternative characterization of the notes, by reason of a change or clarification of the law, by regulation or otherwise, cause payments at maturity with respect to the notes to become subject to withholding tax, we will withhold tax at the applicable statutory rate and we will not make payments of any additional amounts. You will receive less than the face amount of your notes. You should not take the historical closing levels of an underlier as an indication of the future performance of an underlier. The chart shows that any hypothetical final underlier level of less than As a result, you could lose all or some of your initial investment if the lesser performing underlier return is negative, even if there is an increase in the level of the other. According to publicly available information, Apple Inc. Underwriting discount:. Further, foreign companies are subject to accounting, auditing and financial reporting standards and requirements that differ from those applicable to U. The maximum settlement amount will limit the cash settlement amount you may receive for each of your notes at maturity, no matter how much the level of the underlier may rise beyond the cap level over the life of your notes. Group, Inc. Each of the offered notes has the terms described below. The amounts in the right column represent the hypothetical cash settlement amounts, based on the c orresponding hypothetical final underlier level of the lesser performing underlier expressed as a percentage of the initial underlier level of the lesser performing underlier , and are expressed as percentages of the face amount of a note rounded to the nearest one-thousandth of a percent. Securities and Exchange Commission.
Market Disruption Events. The information in this pricing supplement supersedes any conflicting information in the documents listed. Consequently, if you sell your notes before the stated buy high sell low bitcoin day trading bitcoin on robinhood date, you may receive far less than the amount of your investment in the notes. Certain defined terms may not be capitalized in these terms and conditions even if they are capitalized in master note no. The cash settlement amount will be based on the lesser performing underlier without regard to the performance of the other underlier. About Your Prospectus. Buffer Amount:. All determinations and adjustments to be made by the calculation agent with respect to the underlier may be made by the calculation agent in its sole discretion. Buffer level. Stock trading bot machine learning brooks price action blog date: expected to be March 26, These changes may adversely affect the value of your notes, including the price you may receive for your notes in any market making transaction. Although the return on the notes will be based on the performance of the underlier, the payment of any amount due on the notes is subject to the credit risk of GS Finance Corp. The quotient of the initial underlier level divided by the buffer level, which equals approximately Information filed with the SEC by each of the above-referenced underlier stock issuers under the Exchange Act can be located by referencing its SEC file how to cancel repeating transfers for etrade ishares s&p tsx composite hi div idx etf specified. We are not incorporating by reference the website or any material it includes in this pricing supplement.
Underwriting discount:. Stated maturity date set on the trade date : expected to be May 29, , unless that day is not a business day, in which case the stated maturity date will be postponed to the next following business day. You should carefully consider whether the offered notes are suited to your particular circumstances. The information in this pricing supplement supersedes any conflicting information in the documents listed above. Your tax basis in the notes will generally be equal to the amount that you paid for the notes. The issue price, underwriting discount and net proceeds listed above relate to the notes we sell initially. The value of your notes is linked, in part, to an underlier that is comprised, in part, of stocks from one or more foreign securities markets. Although the actual closing levels of the underliers on the stated maturity date or at other times during the life of your notes may be higher than the closing levels of the underliers on the determination date, you will not benefit from the closing levels of the underliers at any time other than on the determination date. Among other things, the Internal Revenue Service may decide to require the holders to accrue ordinary income on a current basis and recognize ordinary income on payment at maturity, and could subject non-U. As a result, the actual value you would receive if you sold your notes in the secondary market, if any, to others may differ, perhaps materially, from the estimated value of your notes determined by reference to our models due to, among other things, any differences in pricing models or assumptions used by others. The examples below are based on a range of underlier levels that are entirely hypothetical; no one can predict what the closing level of any underlier will be on any day throughout the life of your notes and what the final underlier level of the lesser performing underlier will be on the determination date. Hypothetical Final Underlier Level. This prospectus includes this pricing supplement and the accompanying documents listed below. Available Information. Consequently, the amount of cash to be paid in respect of your notes, if any, on the stated maturity date may be very different from the information reflected in the examples above.
Trigger buffer level. In addition, many companies operate in a number of sectors, but are listed in only one sector and the basis on which that sector is selected may also differ. If these regulations were to apply to the notes, we may be required to withhold such taxes if any U. Defined terms that are not defined in these terms and conditions shall have the meanings indicated in such master note no. The closing levels of the underliers have fluctuated in the past and may, in the future, experience significant fluctuations. Moreover, we have not yet set the initial underlier level that will serve as the baseline for determining the underlier return and the amount that we will pay on your notes, if any, at maturity. Index-Linked Notes due. The actual market value of your notes on the stated maturity date or at any other time, including any time you may wish to sell your notes, may bear little relation to the hypothetical cash settlement amounts shown above, and these amounts should not be viewed as an indication of the financial return on an investment in the offered notes. You should consult your tax advisor as to the tax consequences of such characterization and any possible alternative characterizations of your notes for U. At our sole option, we may decide to sell an additional aggregate face amount of the notes subsequent to the date of this pricing supplement. Upside participation rate. We cannot give you any assurance that the future performance of any underlier or the underlier stocks will result in you receiving the outstanding face amount of your notes on the stated maturity date. Securities and Exchange Commission. The notes are our unsecured obligations. These regulations generally will apply to m financial instruments or a combination of financial instruments treated as having been entered into in connection with each other issued or significantly modified and treated as retired and reissued on or after January 1, , but will also apply to certain m financial instruments or a combination of financial instruments treated as having been entered into in connection with each other that have a delta as. The chart shows that any hypothetical final underlier level of the lesser performing underlier of less than This method is applied by first determining the comparable yield — i. If withholding was required, we would not be required to pay any additional amounts with respect to amounts so withheld. In such a case, the stated maturity date will be postponed by the same number of business day s from but excluding the originally scheduled determination date to and including the actual determination date. Additionally, in the case of an optional dividend which allows the holder to choose between receiving cash or stock, the adjustment will be made in the manner in which the dividend has been announced by the index exchange.
Investments linked to the value of foreign equity securities involve particular risks. Unless GS Finance Corp. Any historical upward or downward trend in the closing level of any underlier during the period shown below downside to apps like robinhood best current stocks and shares isa not an indication that such underlier is more or less likely to increase or decrease at any time during the life of your notes. This preliminary pricing supplement is not an offer tradestation senior offers suretrader day trading sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. The notes will not bear. You should carefully review these risks and considerations as well as the terms of the notes described herein and in the accompanying prospectus, the accompanying prospectus supplement and the accompanying general terms supplement no. Overdue principal rate: the effective Federal Funds rate. Prospective United States alien holders of the notes should consult their tax advisors in this regard. You can lose your entire investment in forex money making strategy binary options strategy 60 seconds pdf notes. The final underlier level of each underlier will be based on the closing level of such underlier on the determination date subject to adjustment as described elsewhere in this pricing supplement.
Ordinarily, new rebalanced index weights will be determined by applying the above procedures to the current index weights. Cash and Stock Dividends. Foreign economies may also differ from the U. If the calculation agent determines that an underlier, the underlier stocks comprising that underlier or the method of calculating that underlier is changed at any time in any respect — including any split or reverse-split and any addition, deletion or substitution and any reweighting or rebalancing of the underlier or of the underlier stocks and whether the change is made by the underlier sponsor under its existing policies or following a modification of those policies, is due to the publication of a successor underlier, is due to events affecting one or more of the underlier stocks or their issuers or is due to any other reason — and is not otherwise reflected in the level of the underlier by the underlier sponsor pursuant to the then-current underlier methodology of the underlier, then the calculation agent will be permitted but not required to make such adjustments in such underlier or the method of its calculation as it believes are. Although the actual closing levels of the underliers on the stated maturity date or at other times during the life of your notes may be higher than the closing levels of the underliers on the determination date, you will not benefit from the closing levels of the underliers at any time other than on the determination date. Cash and Stock Dividends. Among other things, the Internal Revenue Service may decide to require the holders to accrue ordinary income on a current basis and recognize ordinary income on payment at maturity, and could subject non-U. Hypothetical Cash Settlement Amount. MSCI Indices. Approximately Sector designations are determined by the underlier sponsor using criteria it has selected or developed. Use of Proceeds. Upside Participation Rate:. The notes are not sponsored, endorsed, sold or promoted by the underlier sponsor or any of its affiliates and the underlier sponsor and its affiliates make no representation regarding the advisability of investing in the notes. Considerations Relating to Indexed Notes. If a stock is a depositary receipt, the total shares outstanding is the actual depositary shares outstanding as reported by the depositary banks. You will not receive any interest payments on your notes. The notes will not bear interest.
To determine your payment at maturity, we will calculate the index return, which is the percentage increase or decrease in the final index level from the initial index level. The Corporations have no liability in connection with the administration, marketing or trading of the Product s. If the final index level on the determination date is greater than the initial index level set on the trade datethe return on your notes will be positive and will equal 1. Incorporated Into Master Note No. You are urged to consult your tax advisor as to the possibility that any legislative or administrative action may adversely affect the tax treatment and the value of your notes. These pricing models are proprietary and rely in part on certain assumptions about future events, which may prove to be incorrect. If the final underlier level were determined to be 0. The following corporate actions will be made effective on the ex-date. For example, payments woolworths gold stocks protective put and covered call adalah the notes are economically equivalent to a combination of an interest-bearing bond bought by the holder and one or more options entered into between the holder and us with one or more implicit option premiums paid over time. Original issue date:. Cash settlement amount:. The index shares are then adjusted by the same what etf are invested in netflix best cheap medical stocks price amount by which the total shares outstanding have changed.
To determine your payment at maturity, we will calculate the index return, which is the percentage increase or decrease in the final index level from the initial index level. The issue price of the notes in the subsequent sale may differ substantially higher or lower from the original issue price you paid as provided on the cover of this pricing supplement. Validity of the Notes and Guarantees. Any representation to the contrary is a criminal offense. In addition, if the final underlier level were determined to be Special Cash Dividends. The notes are not sponsored, endorsed, sold or promoted by the underlier sponsor or any of its affiliates and the underlier sponsor and its affiliates make no representation regarding the advisability of investing in the notes. Neither we nor any of our affiliates make any representation to you as to the performance of the underliers. The Russell Global Sectors include with the approximate percentage currently included in such sectors indicated in parentheses : Consumer Discretionary The graphs below show the daily historical closing levels of each underlier from March 19, through March 19, They should not be taken as an indication or prediction of future investment results and merely are intended to illustrate the impact that the various hypothetical underlier levels on the determination date could have on the cash settlement amount at maturity assuming all other variables remain constant.