UNIT INVESTMENT TRUSTS DETAILS

The trust seeks to provide interest income exempt from federal and California income taxes for California residents and capital appreciation potential by investing in a portfolio primarily consisting of common stock of closed-end investment companies that invest primarily in municipal bonds issued primarily by California issuers. The trust is structured as a Grantor trust.

Pricing Summary (As of 11/21/2019)
Sales Charges
30Commission 2.75 % $9.7596 2.00
84Fee Based 0.52 % $9.5412 0.00
85Rollover 2.75 % $9.7596 2.00
Sales charges are as a percentage of the public offer price per unit.
See prospectus for complete details.
Additional Risks and Considerations

An investment in this unmanaged unit investment trust should be made with an understanding of the following:

Closed-End Funds Investment
Risks include higher interest rates, economic recession, deterioration of the bond and equity market, possible downgrades, early call provisions, changes to the tax status of the bonds and defaults of interest and/or principal. Shares of closed-end funds are also subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when securities are redeemed or sold, during periods of market turmoil and as investor perceptions regarding the funds or their underlying investments change. In addition, closed-end funds frequently trade at a discount to their net asset value in the secondary market.
Closed-End Funds that Invest in Municipal Bonds
An investment in a portfolio of closed-end funds which invests in Municipal Bonds is subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades, early call provisions, changes to the tax status of the bonds and defaults of interest and/or principal. Shares of closed-end funds are also subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. In addition, closed-end funds frequently trade at a discount to their net asset value in the secondary market.
Historical Distribution
The distribution rate paid by the trust may be higher or lower than the amount shown above due to factors including, but not limited to, changes in the price of trust units, changes (including reductions) in distributions paid by issuers, changes in actual trust expenses and sales of securities in the portfolio. There is no guarantee that the issuers of the securities included in the trust will pay any distributions in the future. The Historical 12-Month Distribution Rate of Trust Holdings is calculated by taking the weighted average of the regular income distributions paid by the securities included in the trust's portfolio over the 12 months preceding the trust's date of deposit reduced to account for the effects of trust fees and expenses. The percentage shown is based on a $10 unit price. This historical rate is for illustrative purposes only and is not indicative of amounts that will actually be distributed by the trust.
Interest Rate Risk
Interest rate risk is the risk that the value of bonds held by a closed-end fund will fall if interest rates increase. The securities held by the closed-end funds typically fall in value when interest rates rise and rise in value when interest rates fall. The securities held by the closed-end funds with longer periods before maturity are often more sensitive to interest rate changes.
Securities Prices & Objective
Unit values will fluctuate with the portfolio of underlying securities and may be worth more or less than the original purchase price at the time of redemption. There is no guarantee that the objective of the portfolio will be achieved.
Termination
The trust sponsor and/or trustee may terminate the trust earlier than the specified termination date upon the occurrence of certain specified events as provided in the prospectus.
Disclosure

Investors should consider the trust's investment objectives, risks, charges and expenses carefully before investing. Consult your financial advisor for a prospectus or download a prospectus online which contains this and other information about the trust. Read the prospectus carefully before you invest or send money. A Market Linked Trust is complex and is not suitable for all investors.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state, jurisdiction, or to any person to whom it is not lawful to make such an offer.

All products shown above may not be available within your firm. Please consult your AAM Representative for more information.

Market Values, Estimated Returns & Estimated Net Income will fluctuate. Market values are for reference only and are not indicative of your individual cost basis. You are advised to verify pricing information prior to the execution of a security trade.

NOT FDIC-INSURED - NOT BANK-GUARANTEED - MAY LOSE VALUE

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Unit Investment Trusts (UITs) are sold only by prospectus. Investors should read the prospectus carefully before investing which contains a detailed explanation of the investment objectives, risks, charges, and expenses. Investors should consult their accounting, legal, or tax advisor.


The distribution rate paid by the trust may be higher or lower than the amount shown above due to factors including, but not limited to, changes in the price of trust units, changes (including reductions) in distributions paid by issuers, changes in actual trust expenses and sales of securities in the portfolio. There is no guarantee that the issuers of the securities included in the trust will pay any distributions in the future. The Historical 12- Month Distribution Rate of Trust Holdings is calculated by taking the weighted average of the regular income distributions paid by the securities included in the trust’s portfolio over the 12 months preceding the trust’s date of deposit reduced to account for the effects of trust fees and expenses. The percentage shown is based on the current offer price during the initial offering period. This historical rate is for illustrative purposes only and is not indicative of amounts that will actually be distributed by the trust.


* Information labeled “Fee-Based Account” provides information pertaining to units purchased through registered investment advisers, certified financial planners or registered broker-dealers who in each case either charge investor accounts periodic fees for brokerage services, financial planning, investment advisory or asset management services, or provide such services in connection with an investment account for which a comprehensive “wrap fee” charge is imposed. You should consult your financial advisor to determine whether you can benefit from these accounts and whether your unit purchases are eligible for this discount. To purchase units in these accounts, your financial advisor must purchase units designated with one of the Fee Account CUSIP numbers, if available. The amounts shown are different from what would be applicable for units purchased in other accounts (i.e. “Commission-Based Accounts”) not eligible for this discount. See your prospectus and consult your financial advisor for more information about eligibility and applicability of the Fee-Based Account discount.