If held to maturity you will receive a full repayment of principal on the Notes, even if the Index declines,. These hypotheticals do not reflect fees or expenses that would be associated with any sale in the secondary market. The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other government agency and are not obligations of, or guaranteed by, a bank. The Index may be significantly uninvested. Morgan undertakes no duty to update this information. Historical movements in the CFNAI have tended in the past to track periods of economic expansion and contraction, as well as periods of increasing and decreasing inflationary pressure. Any information relating to performance contained in these materials is illustrative and no assurance is given that any indicative returns, performance or results, whether historical or hypothetical, will be achieved. Treasury Note futures contract.
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