Filed Pursuant to Rule 424(b)(3)
Registration No. 333-262809
Equitable Financial Life Insurance Company of America
Equitable Financial Life Insurance Company
Supplement dated August 14, 2024 to the current prospectus for Structured Capital Strategies® PLUS
This Supplement modifies certain information in the above-referenced Prospectus (the “Prospectus”). You should
read this Supplement in conjunction with your Prospectus and retain it for future reference. This Supplement
incorporates the Prospectus by reference. Unless otherwise indicated, all other information included in your
Prospectus remains unchanged. The terms we use in this Supplement have the same meaning as in your Prospectus.
We will send you another copy of any prospectus or supplement without charge upon request. Please contact the
customer service center at 877-899-3743.
The following hereby amends and replaces the corresponding sections in “Appendix: Segment Interim Value”:
Example: Segment Interim Value — Enhanced Upside Segments
| | | | |
| Item | | 6-Year Segment | | 6-Year Segment |
| Segment Duration (in months) | | 72 | | 72 |
| Valuation Date (months since Segment Start Date) | | 9 | | 69 |
| Segment Investment | | $1,000 | | $1,000 |
| Segment Buffer | | -10% | | -10% |
| Performance Cap Rate | | 60% | | 60% |
| Enhanced Upside Rate | | 125% | | 125% |
| Time to Maturity (in months) | | 63 | | 3 |
Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00) |
| Fair Value of Hypothetical Fixed Instrument | | $772.03 | | $987.13 |
| Fair Value of Hypothetical Derivatives | | $82.71 | | -$29.96 |
| Cap Calculation Factor | | $73.50 | | $3.50 |
| Sum of above | | $928.24 | | $960.67 |
Segment Investment multiplied by prorated Performance Cap Rate | | $1,075.56 | | $1,579.28 |
| Segment Interim Value | | $928.24 | | $960.67 |
Assuming the change in the Index Value is 10% (for example from 100.00 to 110.00) |
| Fair Value of Hypothetical Fixed Instrument | | $772.03 | | $987.13 |
| Fair Value of Hypothetical Derivatives | | $218.67 | | $139.70 |
| Cap Calculation Factor | | $73.50 | | $3.50 |
| Sum of above | | $1,064.20 | | $1,130.34 |
Segment Investment multiplied by prorated Performance Cap Rate | | $1,075.56 | | $1,579.28 |
| Segment Interim Value | | $1,064.20 | | $1,130.34 |
The input values to the market standard model that have been utilized to generate the hypothetical examples above are as follows:
| (1) | Implied volatilities are assumed: 20.5% (At-the-Money Call), 15.9% (Out-of-the-Money Call), and 21.6% (Out-of-the-Money Put). |
| (2) | Investment rate corresponding to remainder of Segment term is 5.05% (63 months to maturity) and 5.32% (3 months to maturity). |
| (3) | Swap rate corresponding to remainder of Segment term is assumed 3.81% (63 months to maturity) and 4.70% (3 months to maturity). |
| (4) | Index dividend yield is 0.53% annually. |
| | |
| | Catalog #800160 (8/24) |
| SCS PLUS — Semi-Annual | | #875071 |
Examples: Effect of Withdrawals on Segment Interim Value — Enhanced Upside Segments
| | | | |
| Item | | 6-Year Segment | | 6-Year Segment |
| Segment Duration (in months) | | 72 | | 72 |
Valuation Date (months since Segment Start Date) | | 9 | | 69 |
| Segment Investment | | $1,000 | | $1,000 |
| Segment Buffer | | -10% | | -10% |
| Performance Cap Rate | | 60% | | 60% |
| Enhanced Upside Rate | | 125% | | 125% |
| Time to Maturity (in months) | | 63 | | 3 |
| Amount Withdrawn(1) | | $100 | | $100 |
Assuming the change in the Index Value is -10% (for example from 100.00 to 90.00) |
| Segment Interim Value(2) | | $928.24 | | $960.67 |
| Percent Withdrawn(3) | | 10.77% | | 10.41% |
| Net Segment Investment(4) | | $892.27 | | $895.91 |
| Net Segment Interim Values(5) | | $828.24 | | $860.67 |
Assuming the change in the Index Value is 10% (for example from 100.00 to 110.00) |
| Segment Interim Value(2) | | $1,064.20 | | $1,130.34 |
| Percent Withdrawn(3) | | 9.40% | | 8.85% |
| Net Segment Investment(4) | | $906.03 | | $911.53 |
| Net Segment Interim Values(5) | | $964.20 | | $1,030.34 |
| (1) | Amount withdrawn is net of applicable withdrawal charge. |
| (2) | Segment Interim Value immediately before withdrawal. |
| (3) | Percent Withdrawn is equal to Amount Withdrawn divided by Segment Interim Value. |
| (4) | New Segment Investment is equal to the original Segment Investment ($1 ,000) multiplied by (1 – Percent Withdrawn). |
| (5) | New Segment Interim Value is equal to the calculated Segment Interim Value based on the new Segment Investment. It will also be equal to the Segment Interim Value multiplied by (1 – Percent Withdrawn). |
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