S&P 500^® Average Daily Risk Control 10% USD Price Return Index

U.S. market-cap-weighted stock market index that seeks to limit the volatility of the S&P 500^® to a target level of 10% by allocating between equities and cash based upon an algorithm.

Objective – Capture equity performance from large-cap U.S. equities with volatility control
Approach – Market cap weighted
Features – S&P DJI estimates that $11.4 trillion was indexed or benchmarked to the S&P 500^®, with indexed (or passively managed) assets making up approximately $5.7 trillion of this total
Ticker – SPXAV10P

Helpful Resources

Index Overview

Index Website

Sector breakdown¹

Historical Performance

(4/4/2013 – 12/31/2023)

Annual Performance

Year	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Annual Return	4.5%	-4.82%	5.47%	19.41%	-2.05%	16.20%	3.37%	16.01%	-9.79%	16.15%

Top five constituents

The S&P 500^® Average Daily Risk Control 10% USD Price Return Index seeks to limit the daily volatility of the S&P 500 to a target level of 10% by allocating to cash based upon an algorithm.

The Nationwide Defined Protection Annuity^® 2.0 is not available in MO, NY, OR, VA, VI as of 9/13/24.

¹ Based on GICS^® sectors. The weightings for each sector of the index are rounded to the nearest tenth of a percent; therefore, the aggregate weights for the index may not equal 100%.

² Performance for 2013 begins on the index launch date of 4/4/2013.

Not a deposit – Not FDIC or NCUSIF insured – Not guaranteed by the institution – Not insured by any federal government agency – May lose value

This material is not a recommendation to buy or sell a financial product or to adopt an investment strategy. Investors should discuss their specific situation with their financial professional.

This product is sold by prospectus. This material must be preceded or accompanied by the prospectus. Carefully consider the investment objectives, risks, charges and expenses. The product prospectus contains this and other important information. Investors should read them carefully before investing. To request a copy, go to nationwide.com/prospectus or call 1-800-848-6331.

Index-linked annuity contracts are complicated investments. Prospective purchasers should consult with a financial professional about the Contract’s features, benefits, risks, and fees and whether the contract is appropriate based upon his or her financial situation and objectives.

Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses or to fund short-term savings goals. Withdrawals are subject to income tax, and withdrawals before age 59½ may be subject to a 10% early withdrawal federal tax penalty. Please read the contract for complete details.

Nationwide Defined Protection^® Annuity 2.0 is an individual single purchase payment deferred annuity with index-linked strategies issued by Nationwide Life Insurance Company, Columbus, Ohio. The general distributor is Nationwide Investment Services Corporation, Member FINRA. Please note that the Nationwide Defined Protection^® Annuity 2.0 does not directly invest in an index. The product includes index strategies which follow market performance; however, they are not actual investments in the stock market.

This Index does not include income from any dividends paid by component companies. The exclusion of dividends from an Index may lower the Index Performance, particularly over the course of time.

Guarantees and protections referenced within are subject to the claims-paying ability of Nationwide Life Insurance Company.

Neither Nationwide nor any of its affiliates are affiliated with The S&P 500^® Average Daily Risk Control 10% USD Price Return Index nor any of its affiliates. The “S&P 500” is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Nationwide Life and Annuity Insurance Company (“Nationwide”). Standard & Poor’s^®, S&P^® and S&P 500^® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA^®, The Dow^®, Dow Jones^® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. Nationwide Defined Protection^® Annuity 2.0 is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.

The “S&P 500” is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Nationwide Life and Annuity Insurance Company (“Nationwide”). Standard & Poor’s^®, S&P^® and S&P 500^® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA®, The Dow^®, Dow Jones^® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. Nationwide Defined Protection^® Annuity 2.0 is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.

S&P 500 Average Daily Risk Control 10% USD Price Return Index (“S&P 500 Average Daily Risk Control USD Price Return Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Nationwide. Standard & Poor’s^® and S&P^® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide. The Product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Average Daily Risk Control 10% USD Price Return Index.

VAW-0273AO (9/24)

S&P 500® Average Daily Risk Control 10% USD Price Return Index

U.S. market-cap-weighted stock market index that seeks to limit the volatility of the S&P 500® to a target level of 10% by allocating between equities and cash based upon an algorithm.