The market resolves based on the value of the IBOVESPA as reported by the Trading View, using the index's natively published level in its own currency and units; no currency conversion is applied. It is sufficient for the index to reach or exceed R$170,500 at any single point during from Jun 16, 2026 to Dec 31, 2026 for the market to resolve to Yes — the level does not need to be sustained. If the index does not reach R$170,500 at any point during from Jun 16, 2026 to Dec 31, 2026, the market resolves to No. Revisions to the underlying made after expiration will not be accounted for in determining the Expiration Value.

If no data is available for from Jun 16, 2026 to Dec 31, 2026 by the Expiration Date, all strikes other than "No data" or "None" resolve to No. The index level is evaluated to two decimal places unless otherwise specified.