These InspereX LLC educational materials are subject to your firm’s continuing education ("CE") policies and/or the CE policies of the professional organization(s) of which you are a member. No regulatory body has endorsed or approved these educational materials. If you have questions regarding CE Credit you should contact your firm’s compliance department or the professional organization(s) of which you are a member. These educational materials are for informational purposes only and do not constitute an offer, solicitation or endorsement of any specific investment product or financial strategy.

Information on investment products is for informational purposes only and does not constitute an investment recommendation or a solicitation to buy or sell the investment product(s) described herein. Specific investment terms are for illustration purposes only and may not reflect the actual terms of an investment product available for purchase from InspereXSM. InspereXSM does not warrant the accuracy or completeness of any information contained herein and provides no assurance that this information is, in fact, accurate. The information in this material is subject to change without notice. This presentation may not contain a complete discussion of investment terms or risks and you should only rely on the information contained in relevant prospectus and/or offering documentation prior to purchasing an investment product or making a recommendation to a customer. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. Product suitability must be independently determined for each individual investor. InspereXSM explicitly disclaims any responsibility for product suitability or suitability determinations related to individual investors. Past performance is not indicative of future results.

The investment products discussed herein are considered complex investment products. Such products contain unique risks, terms, conditions, and fees specific to each offering, and the overall performance of the product is dependent upon the performance of an underlying derivative financial instrument, formula or strategy. Return of principal is not guaranteed and is subject to credit risk of the issuer. Investments in complex products are subject to the risks of the underlying asset classes to which the product is linked, which include, but are not limited to, market risk, liquidity risk, call risk, income risk as well as other risks associated with foreign, developing, or emerging markets, such as currency, political and economic risks. Depending upon the particular complex product, participation in any underlying or linked product is subject to certain caps and restrictions. Any investment product with leverage associated may work for or against the investor. Investors should refer to the respective offering documents for specific details of product features before investing. Market-Linked Certificates of Deposit (“MLCDs”) are subject credit risk of the issuer above FDIC insurance limits. Investors that sell complex products or MLCDs prior to maturity are subject to the risk of loss of principal, as there may not be an active secondary market. You should not purchase a complex investment product or make an investment recommendation to a customer until you have read the specific offering documentation and understand the specific investment terms and risks of such investment. The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy securities. Investment products described herein may not be offered for sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful or prohibited by the specific offering documentation.