The investment objective of the Product is to provide investment results that, before fees and expenses, closely correspond to the two times inverse (-2x) of the Daily performance of the common stock of NVIDIA Corp (NASDAQ: NVDA) (the “Underlying Stock”). The Product does not seek to achieve its stated investment objective over a period of time greater than one day. “Daily” in relation to the inverse performance of the Underlying Stock or the performance of the Product, means the inverse performance of the Underlying Stock or the performance of the Product (as the case may be) from the close of market of a given Business Day until the close of the market on the subsequent Business Day.