Disclaimer:

RISK CONSIDERATIONS Possibility of Loss Upon Maturity: Unless specifically stated in the terms of the structured note, most notes do not provide 100% principal protection. An investor may incur a loss of principal, even if the notes are held to maturity. Tax Treatment: The tax treatment of structured notes may be uncertain. It’s important to consult a tax advisor regarding the U.S. federal income tax implications of an investment in a structured note. Liquidity Risk: Liquidity risk will exist if the issuer chooses not to maintain a secondary market. Available liquidity may vary by issuer. Some issuers may maintain daily liquidity while others may be more limited. Early withdrawal is generally not permitted. Secondary Market Risk: Investors who sell notes prior to maturity are subject to secondary market risk, including the risk of loss, as the market price may be less than the initial principal. Factors that determine secondary market pricing may include but are not limited to, supply and demand, general market conditions, then-current interest rates, the level, liquidity, and volatility of any relevant index, and time remaining until maturity. These factors differ from the parameters used to calculate the note’s final return at maturity. Therefore, secondary market pricing may not be equivalent to a return determined by the calculation method used at maturity. Credit Risk: Investors are dependent on the note issuer’s ability to pay all amounts due on the structured notes. Any actual or potential change in the issuer’s creditworthiness or credit spreads is likely to adversely affect the value of a structured note. If the issuer defaults on its payment obligations, investors may not receive any amounts owed under the structured notes and could lose their entire investment. Call Risk: Certain notes may be callable automatically or at the option of the issuer. If a note is called, the investor will not receive any interest payments that would have been payable for the remainder of the term of the note. Opportunity Costs: The opportunity cost of investing in notes can be defined as the forgone “risk-free rate of return” that would be received if the principal was invested in other fixed-income investments. FDIC Insurance: Structured notes are not FDIC insured. DISCLAIMER Securities offered through Legacy Investment Solutions, LLC, d.b.a. Ancorato, an affiliated RIA of Legacy Wealth Management, LLC. Both Legacy Investment Solutions, LLC, and Legacy Wealth Management, LLC, are registered investment advisors with the Securities and Exchange Commission. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators, nor does it indicate that an advisor has attained a particular level of skill or ability. This information is provided for educational purposes only. All investment strategies have the potential for profit or loss and no investment strategy can guarantee positive returns. Under no circumstances should this information be construed as an offer to sell or a solicitation of an offer to buy any particular service or product.  Past performance does not guarantee future results.