The Cboe S&P 500 Enhanced Growth Index Series (the "Indices") is part of a family of Target Outcome Indices. The Indices are designed to provide target outcome returns linked to the US domestic stock market.
The Indices measure the performance of a portfolio of hypothetical exchange traded Flexible Exchange® Options ("FLEX® Options") that are based on the S&P 500® Index. Each series in the index is designed to track the returns of a hypothetical investment that over a period of approximately one year seeks to provide 2x leveraged returns on the appreciation of the S&P 500 Index up to a capped level while providing one-to-one exposure to any losses due to a decline in the index. The capped level is determined on each annual roll date such that there is no premium or discount to enter into the hypothetical investment compared to an investment in the Index.
The Index Series comprises 13 series.