S&P 500 ® Index The S&P 500 ® is a capitalization weighted index that tracks the performance of 500 large companies listed on US stock exchanges. The S&P 500 ® is widely regarded as the best single gauge of large-cap U.S. equities. There is over USD 11.2 trillion indexed or benchmarked to the index, with indexed assets comprising approximately USD 4.6 trillion of this total. The index includes 500 leading companies and covers approximately 80% of available market capitalization. The companies that are tracked are selected by committee and must meet certain criteria before making the list of eligible companies.
S&P 500 ® Value Cap Strategy S&P 500 ® Index One Year Point-to-Point Performance with a Cap Current participation rates are 100% and 50%. The credited rate will be determined by the annual growth rate of the point-to-point index ranging from 0% to a declared cap. It is subject to a floor of 0%. 4
Hypothetical Examples 1 • 100% participation rate × 6% annual growth rate = 6% = 5% crediting rate (6% subject to 5% cap) • 50% participation rate × 6% annual growth rate = 3% = 3% crediting rate (not impacted by 5% cap) • any participation rate × -10% annual growth rate = 0% crediting rate (with 0% floor will never fall below 0%) 2
S&P 500 ® Uncapped Strategy S&P 500 ® Index One Year Point-to-Point Uncapped The point-to-point uncapped performance strategy allows for a one year segment term with a participation rate and no cap. It is subject to a floor of 0%. 4
Hypothetical Examples 1 • 30% participation rate × 10% annual growth rate = 3% crediting rate • any participation rate × -10% annual growth rate = 0% crediting rate (with 0% floor will never fall below 0%) 2
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AMERICAN NATIONAL / ASIA PLUS 10
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