FT Vest Emerging Market Buffer ETF - September(CBOE:TSEP)

TSEP utilizes FLEX options to track the price returns of the iShares MSCI Emerging Markets ETF, with an upside cap of 16.25% and a buffer against the first 10% of losses over a one-year period, starting in September. For each target outcome period, the cap and buffer are reset according to prevailing market conditions. If TSEP cannot provide the specified 10% buffer against losses or achieve the 16.25% cap, adjustments between cap and buffer will be made to align as closely as possible to these targets. Holding shares for the complete period is essential to achieve the target outcomes.