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Innovator International Developed Power Buffer ETF AugustIAUG | NYSE | Buffered Deep dive

The Innovator Intl Developed Power Buffer ETF seeks to track the return of the iShares MSCI EAFE ETF (EFA), up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period before fees and expenses. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in FLexible EXchange Options ("FLEX Options") that reference the iShares MSCI EAFE ETF. FLEX Options are exchange-traded option contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the "OCC"). The Fund seeks to provide shareholders that hold Shares for the entire Outcome Period with a buffer (the "Buffer") against the first 15% of Underlying ETF losses during the Outcome Period. "Power" denotes the Fund's objective to provide returns that are buffered by up to 15% if the Underlying ETF's share price experiences a loss during the course of the Outcome Period. The Fund's shareholders will bear all Underlying ETF losses exceeding 15% on a one-to-one basis.