Large Cap Growth Index-Linked ETN due 2028 (FRLG)

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The investment seeks offer a payment at maturity or upon any redemption based on the two times leveraged performance, compounded at least quarterly, of the Russell 1000 Growth Total Return Index. The index is designed to track the performance of the large capitalization segment of the U.S. equity market and is predominantly comprised of growth stocks, meaning stocks issued by companies whose earnings are expected to grow at an above-average rate relative to the market.