Aspire to the stability of principal protection, the flexibility of
multiple Index Options and model portfolios with the potential
for market-linked growth. Count on the EverGuard
SM
Aspire
Series for accumulation, no matter where you stand in your
retirement journey.
Single Premium, Deferred, Fixed Indexed Annuity (FIA)
Build lasting peace of
mind with long-term
upside potential.
EverGuard
SM
Aspire Series
Information provided by Talcott Resolution Life and Annuity Insurance Company (“Talcott”) (NAIC# 71153),
headquartered in Hartford, Connecticut, and issuing annuities in 49 states and Washington, D.C. (excluding New
York). Annuity features and availability may vary state by state. For detailed product information or definitions of
key terms, please refer to the Certificate of Disclosure specific to the product.
Talcott Resolution Life and Annuity Insurance Company (“Talcott”)
Ver. 1/1/2026
8365114.9
FORM #PRB_8365114.6
EverGuard
SM
Aspire Series is available in 5-, 7- and 10-year
Withdrawal Charge Periods.
Benefit from the features of this dependable and flexible
solution.
Protected and
positioned to grow
Premium Bonus
Available with the 10-year Withdrawal Charge Period, an optional Premium Bonus Rider provides
an immediate boost to your retirement savings. If elected, you may have lower crediting rates.
Growth potential
Your premium is linked to the performance of a market index, allowing you to benefit from
market upside potential without the risk of principal loss due to market downturn.
Tax deferral
Your earnings grow tax deferred, meaning you don’t have to pay taxes on interest earned
until you withdraw funds. This deferral can allow your investment to compound more
effectively over time.
Access to funds
Access a portion of your money if needed—up to 10% of the Contract Value is available
each year penalty free, after the first Contract Anniversary. Required Minimum
Distributions (RMDs) may be taken penalty free beginning in the first Contract Year. This
flexibility allows you to use your funds however you see fit throughout the Withdrawal
Charge Period.
Guaranteed income stream
Using the annuitization feature, you can convert your Contract Value into a guaranteed
income stream to ensure steady, reliable payments for a specified period or even life.
Legacy benefit
Allow your remaining funds to pass to beneficiaries. This legacy benefit can provide
financial security to loved ones and preserve wealth across generations.
Page 2 of 16
This example is for illustrative purposes only and does not represent the performance of any specific
product. It assumes a $100,000 premium, no withdrawals or charges and an 8.00% cap rate each year
using the S&P 500 index.
Fixed Indexed
Annuities 101
What is a Fixed Indexed Annuity (FIA)?
A Fixed Indexed Annuity (FIA) is a long-term contract with an insurance company (like Talcott) that can help
you grow and protect your retirement savings. In return for your premium, FIAs offer valuable benefits that may
include tax deferred growth, protection from market losses, access to funds, a death benefit and the option to
receive guaranteed income for life.
FIAs also offer the potential for growth based on the performance of one or more market indices, such as the
S&P 500
®
. You can choose how your money is allocated—whether to a Fixed Interest Option, index-linked
accounts, model portfolios or a combination. While your earnings will vary with index performance, your principal
is protected from market downturns. This gives you the opportunity to earn more without risking loss due to
negative market returns.
What does that look like? Here’s a simple example to illustrate.
Page 3 of 16
Your retirement strategy
Your choice
1. Choose your premium amount.
3. Elect your Account Options.
2. Select your
$25,000 minimum with a maximum of $2 million
(without prior company approval).
Allocate between the available manual allocation options
and model portfolio options.
Select between 5-year, 7-year, 10-year and 10-year
with Premium Bonus Rider.
Withdrawal Charge Period.
Page 4 of 16
Grow your funds.
Choose from the following Account Options to determine how
interest is credited to the Contract Value of your annuity.
Fixed Interest Option
Index Options
Reallocation
The Fixed Interest Option credits a guaranteed fixed interest rate, declared annually by Talcott and credited daily
to your Contract Value.
You can also choose to earn potential interest based on the performance of one or more external market indices,
with the flexibility to allocate your premium across multiple options. Any interest earned is locked in at the end of
each Crediting Term and protected from downside market loss.
You may reallocate to other Account Options by submitting a request prior to the end of the Crediting Term. All
requests will be processed at the end of each one-year Crediting Term. If you do nothing, your Contract Value will
remain allocated to your existing accounts and a new Crediting Term will begin.
Available Crediting Strategies (manual allocation)
Index Term
S&P 500 Annual
Point to Point with Cap
1-year
S&P 500
®
Engle 15% VT TCA
Point to Point with Cap
1-year
Invesco BofA QQQ Balanced FC
Point to Point with Participation Rate
1-year
Goldman Sachs Enhanced Multi-Asset
Point to Point with Participation Rate
1-year
Fixed Interest Option 1-year
Page 5 of 16
Model portfolios
Take the guesswork out of allocation with Talcott’s model portfolios—two
professionally designed portfolios that offer additional benefits, simplified
diversification and automatic annual rebalancing.
Model 1: Balanced Rate Guarantee (BRG)
This model features guaranteed caps and participation rates for the full Withdrawal Charge Period, providing
added predictability and consistency.
Model 1: Balanced Rate Guarantee (BRG)
Index
Model Allocation
Percentage
S&P 500 Engle 15% VT TCA
Annual Point to Point with Cap
40%
Invesco BofA QQQ Balanced FC
Annual Point to Point with Participation Rate
30%
Goldman Sachs Enhanced Multi-Asset
Annual Point to Point with Participation Rate
30%
All caps and participation rates are guaranteed for the entire Withdrawal Charge Period in the BRG model.
Page 6 of 16
Model portfolios
Model 2: Equity Focused (EF)
Index
Model Allocation
Percentage
S&P 500 Annual
Point to Point with Cap
30%
S&P 500 Engle 15% VT TCA
Annual Point to Point with Cap
30%
Invesco BofA QQQ Balanced FC Annual
Point to Point with Participation Rate
20%
Goldman Sachs Enhanced Multi-Asset
Annual Point to Point with Participation Rate
20%
Model 2: Equity Focused (EF)
This model includes an emphasis on equity-oriented indices and offers an enhanced S&P 500 cap for those
seeking additional growth potential.
Page 7 of 16
Model portfolios
Allocation and Reallocation Guidelines:
• Allocate all premium to one model
• Split premium between one model and manual allocation(s)
• Reallocate premium fully out of a model into manual allocation(s)
on Contract Anniversary
If you allocate to a model, all allocations (including model and manual
allocation(s)) will reset to the original percentages specified on the
application on each Contract Anniversary.
• Split premium between more than one model
• Reallocate a portion of premium out of a model on Contract
Anniversary
• Reallocate premium to a model from manual allocation(s) on
Contract Anniversary
With the EverGuard
SM
Aspire Series, you may:
With the EverGuard
SM
Aspire Series, you may not:
Automatic rebalancing:
Page 8 of 16
Exclusive allocations for your
unique ambitions
Talcott’s Fixed Indexed Annuities provide access to unique indices,
giving you an edge in achieving your retirement goals.
S&P 500 Engle 15% VT TCA
Annual Point to Point
with Cap
The S&P 500 Engle 15% VT TCA Index
measures dynamic exposure to the S&P
500 while applying a predictive volatility
control mechanism, licensed from UBS.
This mechanism employs a variation of the
GARCH model inspired by the research of
Nobel Laureate Robert F. Engle.
Ticker: SPETC15E | Indexed to S&P Dow Jones Indices
Invesco BofA QQQ
Balanced FC
Annual Point to Point
with Participation Rate
The Invesco BofA QQQ Balanced FC Index
(the “Index”) applies BofA’s patented Fast
Convergence technology to the Invesco
QQQ Exchange-Traded Fund. Each hour, the
Index systematically assesses market
volatility to rebalance between equities, U.S.
Treasury futures, and a notional cash
position with the goal of steady performance
in various market conditions.
Ticker: QBFC
S&P 500 Annual Point to
Point with Cap
The S&P 500 is widely regarded as the best
single gauge of large-cap U.S. equities. The
index includes 500 leading companies and
covers approximately 80% of available market
capitalization.
Ticker: SPX | Indexed to S&P Dow Jones Indices
Fixed Interest Option
Credits a guaranteed fixed interest rate,
declared annually by Talcott, and credited daily.
Goldman Sachs Enhanced
Multi-Asset Annual Point to
Point with Participation Rate
The Goldman Sachs Enhanced Multi-Asset
Index is an 8% volatility target index that
provides exposure to U.S. Equity, 10Y U.S.
Treasury, 2Y U.S. Treasury, Dollar-Hedged
Gold, and Alternatives.
Ticker: GSEMA8
Page 9 of 16
Flexible access to your funds
Free Withdrawal Amount Nursing Home or Hospital Confinement and
Terminal Illness Waivers
Withdrawal Charge Schedule
Premium Bonus Recapture
Ten percent (10%) of the Contract Value is
available annually as a Free Withdrawal
Amount after the first Contract Anniversary.
The Free Withdrawal Amount is based on
the Contract Value at the beginning of the
most recent Contract Year.
RMDs may be taken without Withdrawal
Charges or Market Value Adjustment
(MVA) beginning in the first Contract Year.
In subsequent years, RMDs are
considered part of the allowed Free
Withdrawal Amount.
Systematic withdrawals are available
based on a specified percentage or dollar
amount on a monthly, quarterly, annual or
semiannual basis.
These waivers allow Contract Owners to access their funds
without Withdrawal Charges or MVA if they are diagnosed with a
terminal illness or confined to a Nursing Home or Hospital.
Nursing Home or Hospital Confinement Waiver
• Eligibility begins after the first Contract Anniversary for Owner
or Joint Owner.
• Contract Owner must be confined to a qualified Nursing
Home or Hospital for 90 consecutive days starting after the
Contract Issue Date.
Terminal Illness Waiver
• Eligibility begins after the first Contract Anniversary for an
Owner or Joint Owner.
• Diagnosis must have occurred after the Contract Issue Date.
• Diagnosis must be made by a certified physician that death will
occur in 12 months or less following the physician’s statement.
A Withdrawal Charge will be assessed against withdrawals in excess of the allowed Free Withdrawal Amount. The
schedule below shows the applicable percentage during each year of the Withdrawal Charge Period.
If your contract includes a Premium Bonus Rider and you take a withdrawal, surrender or annuitize your Contract
Value during the Withdrawal Charge Period, the Premium Bonus will be recaptured (deducted) according to the
schedule below. The Bonus Value is initially equal to the Premium Bonus Percentage multiplied by the premium
and is increased by any interest credited.
Withdrawals and surrender may be subject to federal and state income tax and, except under certain
circumstances, will be subject to an IRS penalty if taken prior to age 59 1/2. Contract Value withdrawn from an
Index Option before the end of the Crediting Term will not receive interest for that Crediting Term.
Year 1 2 3 4 5 6 7 8 9 10
Recapture % 100% 90% 80% 70% 60% 50% 40% 30% 20% 10%
Withdrawal
Charge Period
5-year
7-year
10-year
10-year with
Premium Bonus
Year
1 2 3 4 5 6 7 8 9 10
9.00% 9.00% 8.00% 7.00% 6.00% - - - - -
9.00% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% - - -
9.00% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00%
9.00% 9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00%
Page 10 of 16
Key product features
Issue Ages
0–85
Ownership
• Qualified: IRAs and Roth IRAs are accepted. Owner and Annuitant must be the same individual.
• Non-qualified: Non-qualified, Non-qualified stretches and Non-natural ownership are accepted. Joint Ownership
allowed.
Market Value Adjustment (MVA)
MVA may apply to any withdrawals in excess of the allowed Free Withdrawal Amount. The MVA is applied after
Withdrawal Charges are deducted. The MVA may increase or decrease the amount of the withdrawal or the Surrender
Value of your contract depending on the change in the reference rate index yields. Generally, if market interest rates
are higher than when you purchased your annuity, the MVA will be negative. If interest rates are lower, the MVA will be
positive. If the blended reference rate yields have not changed by more than 0.25%, no MVA will apply.
MVA Reference Indices
Indices include 70% Bloomberg Barclays U.S. Corporate Index, plus 30% JPM CLOIE Index A.
Annuitization
After the first Contract Year, the full Contract Value may be annuitized under any of the available annuity options (Life
Income, Joint and Survivor Income, Life Income with Cash Refund, and Life Income with a Period Certain of 10 or 20
years).
Free Look Period: (aka Notice of Right to Examine Contract)
You may return your contract to Talcott within your Free Look Period and receive a full refund of your premium, minus any
withdrawals taken. Additional details can be found within your contract pages.
Death Benefit
Upon death, the greater of the Contract Value or the Minimum Value required by state law will be paid to the
beneficiary. The Death Benefit is free of Withdrawal Charges or MVA.
Page 11 of 16
Talcott Resolution Life and Annuity Insurance Company (NAIC #71153), headquartered in
Hartford, Connecticut, and issuing annuities in 49 states and Washington, D.C. (excluding
New York), is not providing investment advice for any specific individual or situation.
Therefore, nothing in this material should be considered as investment advice or interpreted
as a recommendation by Talcott Resolution Life and Annuity Insurance Company or any other
Talcott company. Neither Talcott nor its representatives offer legal or tax advice. It is
recommended that you get advice from your own legal counsel or tax advisor regarding any
tax matters.
The EverGuard
SM
Aspire Series is a single premium deferred fixed index annuity (FIA)
underwritten by Talcott Life and Annuity Insurance Company under form number series
ICC25_FIA100. Annuity features and availability may vary state by state. Annuity guarantees
are based on the financial strength and claims paying ability of the issuing insurance
company. The term financial professional does not imply involvement in an advisory role with
compensation separate from sales. Financial professionals will receive a commission for
selling a Talcott annuity.
All copyrights reserved. No part of this document may be reproduced, published, or used
without permission of Talcott Financial Group. All information is current as of June 30, 2025
unless otherwise indicated. The information provided herein is not, and should not be
construed as, an advertisement, solicitation or offer to purchase this product in the state of
Oregon. Talcott Financial Group and its subsidiaries include Talcott Resolution and Talcott Re.
Talcott Re is Talcott Re Holdings, Ltd. and its subsidiaries. 30 Woodbourne Avenue, 3rd floor,
Pembroke, Bermuda. Talcott Resolution and its subsidiaries include Talcott Resolution
Distribution Company, Inc. and issuing companies Talcott Resolution Life Insurance Company
and Talcott Resolution Life and Annuity Insurance Company located at One American Row,
Hartford, CT. Products administered by Talcott Resolution include variable annuities, fixed
indexed annuities, fixed and payout annuities, and private placement life insurance. Securities
underwritten and distributed by Talcott Resolution Distribution Company, Inc. One American
Row, Hartford CT. Phone: 1-800-406-5084.
The S&P 500
®
Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”).
The S&P 500
®
Engle 15% VT TCA Index is a product of SPDJI and incorporates methodology
licensed from UBS AG (“UBS”) and has been licensed for use by Talcott Resolution Life and
Annuity Insurance Company (“Talcott”). S&P
®
, S&P 500
®
, SPX
®
, SPY
®
, US 500™, The 500™,
iBoxx
®
, iTraxx
®
and CDX
®
are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow
Jones
®
is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”);
Engle is a trademark of Engle Volatility Consulting LLC (“Engle Consulting”), the research
principal of which is Robert F. Engle (“Engle”), and these trademarks have been licensed for
use by SPDJI and sublicensed for certain purposes by Talcott Resolution Life and Annuity
Insurance Company (“Talcott”).
DISCLOSURES
INVESTMENT AND INSURANCE PRODUCTS ARE: • NOT FDIC INSURED • NOT INSURED
BY ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT OR OTHER OBLIGATION
OF, OR GUARANTEED BY, THE BANK OR ANY OF ITS AFFILIATES • SUBJECT TO
INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT
INVESTED
Talcott’s EverGuard
SM
Fixed Indexed Annuities based on the Indices are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, Engle
Consulting, Engle, or UBS and none of such parties make any representation regarding the
advisability of investing in such product(s) nor do they have any liability for any errors,
omissions, or interruptions of the Indices.
DISCLOSURES
BofA Securities, Inc. and its Affiliates (“BofAS”), Invesco BofA QQQ Balanced FC Index (the
“Index”) and related information, the name “BofAS”, and related trademarks, are intellectual
property of BofAS, licensed from BofAS to Talcott Resolution Life and Annuity Insurance
Company (“Licensee”). In connection with the Index, BofAS has licensed the use of certain
marks and data from Invesco Capital Management LLC (collectively with BofAS, the
“Licensors”). Neither the Licensee nor any annuity product, including fixed index annuities
(collectively, the “Products”) referencing the Index is sponsored, operated, endorsed, sold or
promoted by the Licensors. Obligations to make payments under any Product are solely the
obligation of Licensee pursuant to the term of the contract between Licensee and you, and are
not the responsibility of the Licensors. The Licensors, the Index and related information, the
names of the Licensors, and related trademarks may not be copied, used, or distributed
without the relevant Licensor’s prior written approval. The Products have not been passed on
as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or
promoted by the Licensors. The Licensor’s only relationship to Licensee is the licensing (or
sub-licensing) of certain trademarks and trade names and the Index or components thereof
and neither the Licensors nor any of their affiliates are a party to any transaction contemplated
herein. The Index applies a volatility target, and, while volatility controls may result in less
fluctuation in rates of return as compared to indices without volatility controls, they may also
reduce the overall rate of return as compared to products not subject to volatility controls. The
Index embeds certain transaction costs and the components of the Index embed additional
transaction costs, in each case, that are taken into account in the calculations of the change in
Index value, which will reduce any returns of the Index.
THE LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO
THE INDEX, ANY RELATED INFORMATION, THE TRADEMARKS, OR THE PRODUCT(S)
(INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR
COMPLETENESS). Invesco and all associated marks are service marks of Invesco Holding
Company Limited, used under license. Invesco QQQ Trust
SM
, series 1 (“Invesco ETF(s)”) is
sponsored by Invesco Capital Management LLC (“Licensor”), and the use of the Invesco
ETF(s) in the offering by Talcott Resolution Life and Annuity Insurance Company of certain
fixed index annuity products (each, a “Product” and collectively, the “Products”) is authorized
pursuant to a license with Licensor. The trademarks are intellectual property licensed from
Licensor, and may not be copied, used, or distributed without Licensor’s prior written approval.
Licensor makes no express or implied warranties, and hereby expressly disclaims all
warranties of merchantability or fitness for a particular purpose with respect to the use of the
Invesco ETFs or any data or other information related thereto in connection with the rights
licensed hereunder or for any other use. Without limiting any of the foregoing, in no event
shall Licensor have any liability for any special, punitive, indirect, or consequential damages
(including lost profits), even if notified of the possibility of such damages. Nasdaq
®
,
Nasdaq-100
®
and QQQ
®
are registered trademarks of NASDAQ, Inc. (which with its affiliates
is referred to as the “Corporations”) and are licensed and/or sublicensed for use by Invesco
Capital Management LLC, BofA Securities, Inc. and its affiliates, and Talcott Resolution Life
and Annuity Insurance Company. The Product(s) have not been passed on by the
Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or
promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR
NO LIABILITY WITH RESPECT TO THE PRODUCT(S).
DISCLOSURES
The EverGuard
SM
Aspire Series (the “Product”) is not sponsored, endorsed, sold, guaranteed,
underwritten, distributed or promoted by Goldman Sachs & Co. or any of its affiliates
(including Goldman Sachs Asset Management, L.P.), with the exception of any endorsement,
sales, distribution or promotion of this Product that may occur through its affiliates that are
licensed insurance agencies (excluding such affiliates, individually and collectively, “Goldman
Sachs”) or its third party data providers. Goldman Sachs and its third party data providers
make no representation or warranty, express or implied, regarding the advisability of investing
in annuities generally or in Fixed Indexed Annuities or the investment strategy underlying such
Products particularly, the ability of the Goldman Sachs Enhanced Multi-Asset Index (the
“Index”) to perform as intended, the merit (if any) of obtaining exposure to the Index or the
suitability of purchasing or holding interests in the Product. Goldman Sachs and its third party
data providers do not have any obligation to take the needs of the holders of the Product into
consideration in determining, composing or calculating the Index.
GOLDMAN SACHS DOES NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS
OF THE INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, THE
CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN
CONNECTION WITH THE PRODUCT. GOLDMAN SACHS HEREBY EXPRESSLY
DISCLAIMS ANY AND ALL LIABILITY FOR ANY ERRORS, OMISSIONS, OR
INTERRUPTIONS THEREIN OR IN THE CALCULATION THEREOF. GOLDMAN SACHS
EXPRESSLY DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT OR
CONSEQUENTIAL DAMAGE EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH
DAMAGES.
THIRD PARTY DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR
THE INDEX. THIRD PARTY PROVIDER HAS NO OTHER CONNECTION TO GOLDMAN
SACHS INDEXES AND SERVICES AND DOES NOT SPONSOR, ENDORSE,
RECOMMEND OR PROMOTE ANY GOLDMAN SACHS INDEX OR SERVICES. THIRD
PARTY PROVIDER HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE
GOLDMAN SACHS INDEX AND SERVICES. THIRD PARTY PROVIDER DOES NOT
GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA
LICENSED TO GOLDMAN SACHS AND SHALL NOT HAVE ANY LIABILITY FOR ANY
ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY
BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN THIRD
PARTY PROVIDER AND GOLDMAN SACHS.
DISCLOSURES
“BLOOMBERG
®
” and the Bloomberg indices listed herein (the “Indices”) are service marks of
Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (
“BISL”), the administrator of the Indices (collectively, “Bloomberg”) and have been licensed for
use for certain purposes by the distributor hereof (the “Licensee”). Bloomberg is not affiliated
with Licensee, and Bloomberg does not approve, endorse, review, or recommend the financial
products named herein (the “Products”). Bloomberg does not guarantee the timeliness,
accuracy, or completeness of any data or information relating to the Products.
The JPMorgan CLOIE A Index (“JPMorgan Index”) has been licensed to Talcott Resolution
Life and Annuity Insurance Company (the “Licensee”) for the Licensee’s benefit. Neither the
Licensee nor the financial products named herein (the “Products”) are sponsored, operated,
endorsed, recommended, sold or promoted by J.P. Morgan Securities LLC (“JPMS”) or any of
its affiliates (together and individually, “JPMorgan”). J.P. Morgan is not responsible for, nor has
it participated in, any aspect of the structuring of any attribute of the Products, the
determination of the timing of the offering of the Products, the pricing of the Products, or in the
manner of operation of the Products. J.P. Morgan has no obligation or liability in connection
with the administration, marketing or trading of the Products. JPMorgan makes no
representation and gives no warranty, express or implied, to contract owners in or those
otherwise taking exposure to the Product. Such persons should seek appropriate professional
advice before making any investment. The JPMorgan Index has been designed and is
compiled, calculated, maintained and sponsored by JPMS without regard to the Licensee, the
Product or any contract owner. JPMorgan is under no obligation to continue compiling,
calculating, maintaining or sponsoring the JPMorgan Index. JPMorgan may independently
issue or sponsor other indices or products that are similar to and may compete with the
JPMorgan Index and the Product.
