“Settlement Event” means Gary Gensler resigning from his position as Chairman of the U.S. Securities and Exchange Commission (“SEC”) or he no longer holds that position for any other reason before his term as Chairman of the SEC ends on 5 June 2026.
If the Settlement Event occurs before 5 June 2026, this contract will payout at 100%.
If the Settlement Event does not occur before 5 June 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.