Jerome Powell Resigns or is Fired Before His Term as Chairman of Federal Reserve Ends

“Settlement Event” means Jerome Powell resigning from his position as Chairman of the Board of Governors of the Federal Reserve System of the USA (“Federal Reserve”) or he no longer holds that position for any other reason before his term as Chairman of the Federal Reserve ends on 15 May 2026.

If the Settlement Event occurs before 15 May 2026, this contract will payout at 100%.

If the Settlement Event does not occur before 15 May 2026, this contract will payout as 0%.

“Index Value” means 0% should the Settlement Event not have occurred or 100% if the Settlement Event has occurred.