Income with a memory.A buffer for setbacks.
Amplify S&P 500 Buffered Autocallable Yield Opportunity ETF
High monthly income potential. Underlying autocallables feature a 25% downside buffer at maturity.
Income with a Buffer & Memory
The Amplify S&P 500 Buffered Autocallable Yield Opportunity ETF (YO) is an actively managed strategy that combines a laddered autocallable note approach with a built-in risk buffer and the potential to recover any missed coupons through a memory feature. The Fund seeks to generate high monthly income while limiting downside market risk through exposure to the S&P 500 Buffered Autocallable Yield Opportunity Index.
Reasons to Invest
High Monthly Income Potential
Designed to provide high monthly income based on an annualized coupon rate of SOFR1 + 8% through exposure to a laddered portfolio of 252+ autocallable notes tied to equity market performance.
Downside Risk Mitigation
A 25% risk buffer against losses within each autocallable note helps reduce the impact of market declines at each note’s maturity.
Income Memory
Coupon memory feature allows any unpaid coupon payments to accumulate and potentially be recovered.
Not all autocallables are built alike.
Buffer, not a barrier
Each autocallable absorbs the first 25% of decline at maturity, rather than a barrier “cliff.”
Coupons that can catch up
Missed coupons accumulate and may be paid once the index recovers above the barrier.
A ladder, not a single bet
A new note every trading day across 252+ autocallables, each targeting SOFR + 8%.
A Laddered Portfolio, Simplified
Investors are increasingly turning to structured investments, including autocallable notes, for their potential to provide yields significantly higher than traditional fixed income securities with returns driven by equity market performance rather than interest rates or credit risk — providing a differentiated source of return. But accessing and managing these investments is challenging and complex. YO offers single-ticker access to a diversified, systematically laddered portfolio of autocallable notes with the convenience, liquidity and tax efficiency of an ETF.
| Target Coupon | Laddering Cadence | Coupon Barrier | Risk Buffer | Tenor | Non-Callable Period | Observation Dates |
|---|---|---|---|---|---|---|
| SOFR + 8% | Daily | -25% | 25% | 5 years | 1 year | Monthly |
Be first to know when YO ETF launches.
1 SOFR (Secured Overnight Financing Rate) is a benchmark interest rate reflecting the cost of borrowing cash overnight secured by Treasury securities.
The 25% risk buffer applies only to individual autocallable notes at maturity, not to the Fund itself. YO gains exposure through swaps linked to the S&P 500 Buffered Autocallable Yield Opportunity Index, which is designed to reflect the total return performance of a theoretical portfolio of approximately 252–1,260 synthetic autocallable notes with distinct entry points and predefined terms.
Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at AmplifyETFs.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. There is no guarantee the Fund will meet its investment objective. ETF shares trade at market price, may trade above or below NAV, and are not individually redeemable. Brokerage commissions will reduce returns.
Autocallables do not guarantee principal or coupon payments, may limit participation in gains, and may result in losses. Coupons may be missed or canceled. The Fund’s use of leverage, derivatives and a limited number of counterparties involves additional risks, and laddering and volatility targeting may not reduce losses or perform as intended.
The Risk Buffer is only provided by the Autocallables and the Fund itself does not provide any stated buffer against losses. It is possible that a shareholder may lose its entire investment in the Fund notwithstanding the downside protection intended to be provided by the Autocallables’ Risk Buffer and the risk mitigation intended to be provided by the laddered structure of the Autocallable Index. The Fund’s Autocallables do not seek to provide a Risk Buffer at any time other than at maturity.
Monthly distributions are not guaranteed and may include return of capital, which reduces an investor’s cost basis and could result in a higher loss. Fund performance may differ from its underlying indexes due to expenses, transaction costs, swap pricing and other factors, and embedded index costs may reduce returns. The Fund is actively managed and non-diversified.
Investment Adviser: Amplify Investments LLC. Sub-Adviser: Tidal Investments LLC.
Distributed by Foreside Fund Services, LLC.