Rule 497(e)

Registration Nos. 333-146827 and 811-22135

 

Innovator S&P 500 Buffer ETF™ – June

Innovator S&P 500 Power Buffer ETF™  – June

Innovator S&P 500 Ultra Buffer ETF™  – June

(each, a “Fund” and together, the “Funds”)

Supplement To each Fund’s Prospectus
Dated March 2, 2020

 

May 29, 2020

 

As described in detail in each Fund’s prospectus, an investment in shares of a Fund is subject to an upside return cap (the “Cap”) that represents the maximum percentage return an investor can achieve from an investment in the Fund for the outcome period of approximately one year. Following the close of business on May 29, 2020, an outcome period for each Fund ended. Each Fund will commence a new outcome period that will begin on June 1, 2020 and end on May 28, 2021. An investment in a Fund over the course of the outcome period will be subject to the applicable Cap set forth in the table below.

 

 

Fund

 

Ticker

 

Cap

 

Investment Objective

 

 

Innovator S&P 500

Buffer ETFTM – June

 

BJUN

 

Gross: 16.45%
Net: 15.66%*

 

The Fund seeks to provide investors with returns that match those of the S&P 500 Price Index, up to the upside cap of 16.45% (prior to taking into account management fees and other fees) and 15.66% (after taking into account management fees and other fees) while providing a buffer against the first 9% of S&P 500 Price Index losses, over the period from June 1, 2020 to May 28, 2021.

 

 

Innovator S&P 500

Power Buffer ETFTM – June

 

PJUN

 

Gross: 11.30%
Net: 10.51%*

 

The Fund seeks to provide investors with returns that match those of the S&P 500 Price Index, up to the upside cap of 11.30% (prior to taking into account management fees and other fees) and 10.51% (after taking into account management fees and other fees) while providing a buffer against the first 15% of S&P 500 Price Index losses, over the period from June 1, 2020 to May 28, 2021.

 

 

Innovator S&P 500

Ultra Buffer ETFTM – June

 

UJUN

 

Gross: 7.25%
Net: 6.46%*

 

The Fund seeks to provide investors with returns that match those of the S&P 500 Price Index, up to the upside cap of 7.25% (prior to taking into account management fees and other fees) and 6.46% (after taking into account management fees and other fees) while providing a buffer against S&P 500 Price Index losses of between 5% and 35%, over the period from June 1, 2020 to May 28, 2021.

 

* Takes into account the Fund’s unitary management fee.

 

In connection with onset of the new outcome period, each Fund’s prospectus is amended as set forth below:

 

 

1.

Each Fund’s investment objective is deleted in its entirety and replaced with the corresponding investment objective set forth in the table above.

 

 

2.

All references to the dates associated with the prior outcome period are deleted in their entirety and replaced with references to new outcome period: June 1, 2020 through May 28, 2021.

 

 

3.

All references to the Cap for the prior outcome period are deleted in their entirety and replaced with the corresponding Cap set forth in the table above.

 

 

 

Please Keep This Supplement With Your Prospectus For Future Reference

 
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