Note
On April 1, 2024, 3M Company (NYSE: MMM) (“3M”) separated its health care business to form Solventum Corporation (NYSE: SOLV) (“SOLV”), resulting into two independent publicly traded companies. The spin-off was completed by the distribution of one share of SOLV’s common stock for every four shares of 3M’s common stock held. This event triggered a Potential Adjustment Event in connection with the Reference Portfolio of the Note Securities, as per the terms and conditions of the Prospectus. As such, the Closing Level on the Issuance Date of the common shares of 3M was adjusted as of the closing of the markets on April 1, 2024.