SUPPLEMENT DATED
DECEMBER 23, 2024 TO THE CURRENT
SUMMARY AND STATUTORY PROSPECTUSES FOR:
Invesco® V.I. S&P 500 Buffer Fund - December
This supplement amends the Summary and Statutory Prospectuses of the above referenced Fund and is in addition to any other supplement(s), unless otherwise specified. You should read this supplement carefully in conjunction with the Summary and Statutory Prospectuses and retain it for future reference.
As described in the Prospectuses, the Fund seeks, over a specified annual outcome period (an “Outcome Period”), to provide
investors with returns that match those of the S&P 500® Index (the “Underlying Index”) up to an upside cap, while
providing a buffer against the first 10% (prior to taking into account any fees and expenses of the Fund) of Underlying Index losses. The Fund’s current
Outcome Period will end on December 31, 2024, following which the Fund will reset and commence a new Outcome Period beginning January 1, 2025, as shown in the table below. At the beginning of the new Outcome Period, the Cap will reset.
The Fund’s Cap will be determined at the end of the trading
day immediately preceding the first day of the new Outcome Period, or December 31, 2024. As of the date of this Supplement, the Cap for the Fund for the
new Outcome Period is expected to be within the range shown in the table below, before and after taking into account the Fund’s fees and expenses:
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January 1, 2025 to December 31, 2025 |
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Series I: 10.00% - 18.00% (before Fund fees and
expenses) Series II: 10.00% - 18.00% (before Fund fees and
expenses) Series I: 9.23% - 17.17% (after Fund fees and
expenses) Series II: 8.96% - 16.88% (after Fund fees and
expenses) |
The
Fund’s Cap is prior to taking into account any fees and expenses of the Fund, as described in the Fund’s prospectus. These estimated Cap ranges
are based on market conditions as of December 23, 2024. The final Cap could fall outside of this range if there is a material change in market conditions between the date of
this Supplement and the date on which the final Cap is established.