Filed pursuant to Rule 433
Free Writing Prospectus
February 24, 2025
Registration No. 333-281615

The Fund has led a registration statement (including a prospectus) with the Securities and
Exchange Commission (“SEC”) for the o¯ering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and other documents the
Fund has led with the SEC, when available, for more complete information about the Fund and
this o¯ering. You may obtain these documents for free by visiting EDGAR on the SEC website
at sec.gov or by visiting franklintempleton.com.