Principal Variable Contracts (PVC) U.S. LargeCap Buffer Series Daily Values

The PVC U.S. LargeCap Buffer Series accounts are designed to provide some downside protection along with uncapped upside participation. Each account will offer a segment period of one year, starting at inception. The Buffer Series Accounts are based on the S&P 500 Price Return Index and are available in most of our variable annuity products.

The accounts strive to achieve full participation on the first 10% of gains and partial participation on gains above 10%.

The daily defined outcome values for each account are shown below.

Visit our annuities page for general information on what an annuity is. Looking for our performance information? We've got you covered. Check out performance of our variable annuities.

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Values * as of
Table definitionsDownload table data (CSV)
Account NameRemaining Tier 1 Participation RateTier 2 Participation RateRemaining BufferDownside Before BufferRemaining Outcome PeriodFact sheet
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*The numbers above reflect the gains and buffers before all fees and expenses incurred to date during the outcome period, based on the number of days elapsed within the outcome period. Gross performance may be lower or higher than the performance data quoted. Investment return and principal value of an investment will fluctuate so that an investor’s account values, when sold, may be worth more or less than their original cost. Refer to product prospectus for additional expense information.

These numbers are based on the referenced index at the beginning of the outcome period. There is no guarantee the investment will achieve the buffered outcome strategy described.

Chart definitionsDownload chart data (CSV)
Important information
Performance data represents past performance and do not guarantee future results. To obtain performance information gross to the most recent month-end, a prospectus, or summary prospectus , visit www.principal.com .
Investors purchasing the fund intra-period will achieve a different defined outcome than those who entered on day one. The remaining cap represents the maximum return the fund can achieve at its gross price. The reference index may need to rise higher or lower than the remaining cap before the remaining cap is realized. If the remaining buffer is greater than the fund's starting buffer, a portion of the buffer will be realized before the downside before buffer begins. After the downside before buffer has been realized, the final portion of the buffer will begin again.
The buffer funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. These strategies could limit the upside participation of the buffer fund in rising equity markets relative to other funds. The buffer provides limited protection in the event of a market downturn, the buffer fund does not provide principal protection, and an investment may experience significant losses on its investment, including the loss of its entire investment. The buffer fund may invest in FLEX options, which are associated with additional risks. Due to the cost of the options used by the fund, the correlation of the fund’s performance to that of the index is expected to be less than if the fund invested directly in the index without using options and could be substantially less. These funds may not be available in all states.
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The potential return an investor can receive is subject to the upside cap (Tier 1) and the partial participation beyond the cap (Tier 2). If the index grows beyond the cap, the investor will not experience the full gains. The investor will receive a percentage of any gains beyond the cap. This amount, net of fees and expenses, is the maximum return an investor can achieve over its outcome period.
S&P 500 is a trademark of S&P Global and is used under license. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the product.
Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administration, investment option fees. An annuity's value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.
Before investing, carefully consider the investment option objectives, risks, charges and expenses. Contact a financial professional or visit principal.com for a prospectus or, if available, a summary prospectus containing this and other information. Please read carefully before investing.
All guarantees and benefits of the insurance policy are subject to the claims paying ability of the issuing insurance company. They are not backed by the broker-dealer and/or insurance agency selling the policy, or any affiliates of those entities other than the issuing company and none makes any representations or guarantees regarding the claims-paying ability of the issuer.
Tax-qualified retirement arrangements, such as IRAs, are tax-deferred. You derive no additional benefit form the tax deferral feature of the annuity. Consequently, an annuity should be used to fund an IRA, or other tax qualified retirement arrangement, to benefit from the annuity’s features other than tax deferral. These features may include guaranteed lifetime income, guaranteed minimum interest rates, and death benefits without surrender charges.
Annuity products and services are offered through Principal Life Insurance Company. Principal Variable Contracts Funds are distributed by Principal Funds Distributer, Inc. Securities offered through Principal Securities, Inc., member SIPC , and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, Iowa 50392, principal.com.
Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world. © 2023 Principal Financial Services, Inc.
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