If the NOAA's National Hurricane Center records more than 16 storms with maximum sustained windspeeds of 39 miles per hour or above between January 1, 2025 and December 01, 2025, then the market resolves to Yes.

The market will expire at the sooner of the occurrence of the event, or one day after December 01, 2025. To be clear, a storm is counted even if it is unnamed as long as it occurs in the relevant time period (January 1, 2025 and December 01, 2025) and has maximum sustained wind speeds of 39 miles per hour or more.

Series KXTROPSTORM-25DEC01 Event KXTROPSTORM-25DEC01 Market KXTROPSTORM-25DEC01-T16