INNOVATOR EQUITY DUAL DIRECTIONAL 15 BUFFER ETF - JULY

The Fund seeks to provide investors with (1) capital appreciation by (i) participating in the positive price returns of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”), up to the upside cap of 8.79% (prior to taking into account management fees and other fees) over the period from July 1, 2025 through June 30, 2026 (the “Outcome Period”) and (ii) if the Underlying ETF experiences negative returns over the course of the Outcome Period that are less than or equal to 15% (the “Inverse Performance Threshold”), provide positive returns that match the absolute value of the Underlying ETF losses for the Outcome Period; and (2) buffered returns against Underlying ETF losses that are 15% less than the Underlying ETF’s losses over the course of the Outcome Period (prior to taking into account management fees and other fees), if Underlying ETF losses exceed the Inverse Performance Threshold.