PACER FDS TR SWAN SOS CONSERVATIVE JANUARY ETF

The Pacer Swan SOS Conservative (December) ETF (the “Fund”) seeks to provide investors with returns that, before fees and expenses of the Fund, match those of the SPDR® S&P 500® ETF Trust (the “Underlying ETF”) up to a predetermined upside cap of 9.92% (before fees and expenses of the Fund) and 9.17% (after fees and expenses of the Fund), while providing a buffer against Underlying ETF losses between 5% and 30% over the period from December 22, 2020 to December 17, 2021.