Innovator Lists S&P 500 Defined Outcome ETFs

Innovator Capital Management (Innovator) announced today the listing of the Innovator S&P 500 Defined Outcome ETFs – July Series on Cboe. The Innovator Defined Outcome ETFs seek to offer investors exposure to the S&P 500 Price Return Index (S&P 500) to a Cap, with downside protection levels (or “buffers”) of 15%, or 30% over an Outcome Period of approximately one year, at which point each ETF will reset. This is the first time investors will have access to structured outcomes through the ETF vehicle. The instruments that began trading are the following:

  • Innovator S&P 500 Power Buffer ETF (PJUL): protection level of 15%
  • Innovator S&P 500 Ultra Buffer ETF (UJUL): protection level of 30%  (-5% to -35%)

The Innovator S&P 500 Buffer ETF (BJUL) with a 9% protection level is intended to be set at the beginning of the outcome period. It is not yet avaiable for investment.

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