EX-4.d



 EX-99.4.d. Index Performance Strategy Rider 

Index Performance Strategy Rider 
 This
rider forms a part of the Base Contract to which it is attached and is effective on the Index Effective Date shown on your Index Options statement. In the case of a conflict with any provision in the Base Contract, the provisions of this rider
control. Defined terms and contractual provisions are set forth in the Base Contract or are added in this rider. This rider terminates as indicated under the Termination of this Rider provision. 

Definitions 
 Base Contract 

The contract to which this rider is attached. 
 Buffer

 A Buffer is the maximum negative Index Return that we will absorb. On the Index Effective Date, we declare a Buffer for each Index Option, and the
Buffers will not change. The Buffers are shown on the Index Options Contract Schedule. 
 Cap 

A Cap is the maximum positive Performance Credit for an Index Option on an Index Anniversary. On the Index Effective Date, and on subsequent Index
Anniversaries, we declare a Cap for each Index Option and guarantee them for the Index Year. Caps are shown on your Index Options statement each year and will never be less than the Minimum Cap shown on the Index Options Contract Schedule. 

Index Option Base 
 The value used to determine the dollar
amount of the Performance Credit. We establish an Index Option Base for each Index Option. 
 Index Option Value 

The value in a selected Index Option. We establish an Index Option Value for each Index Option. 

Index Value 
 The value of an Index at the end of the
Business Day. Index Values are shown on your Index Options statement. 
 Performance Credit 

The annual return you may receive when you allocate money to an Index Performance Strategy Index Option(s). 

Contract Value 
 The following is added to the
“Contract Value” section. 
 How we calculate Index Option Values 

On the Index Effective Date, the Index Option Value and Index Option Base for each Index Option are equal to: 

 

	 	•	 	The portion of the Initial Purchase Payment allocated to that Index Option, if the Index Effective Date is the Issue Date; or 

  

	 	•	 	The portion of Variable Account Value allocated to that Index Option, if the Index Effective Date is not the Issue Date. 


At the end of each Business Day other than the Index Effective Date or Index Anniversary, the Index Option Value is equal to the Index Option Base plus its
Daily Adjustment. We establish a Proxy Value to calculate the Daily Adjustment. The Proxy Value is determined on each Business Day based on the value of a hypothetical set of put and call options as determined by an option pricing formula. The Daily
Adjustment is calculated before we process any Partial Withdrawal or deduct any Contract Charges using the Index Option Base, the current Proxy Value, and the Proxy Value as of the previous Index Anniversary (or the Index Effective Date if this is
the first Index Year). 
 At the end of each Business Day, we reduce each Index Option Value by the dollar amount withdrawn from the Index Option, including
any Withdrawal Charge, and Contract Charges. We deduct money from an Index Option proportionately based on the percentage of Contract Value in each Allocation Option, unless you specify otherwise. We then reduce each Index Option Base by the same
percentage that the amount withdrawn reduced its associated Index Option Value. 
  







 Contract Value continued from the previous page 

On each Index Anniversary, we calculate the Index Option Value for each Index Performance Strategy Index Option by applying its associated Performance Credit
to its Index Option Base. If the Index Anniversary is not a Business Day, we calculate the Performance Credit on the next Business Day. 
 On the Index
Anniversary, we determine the Index Return for each Index Option. The Index Return is the Index Value for the current Index Anniversary, minus the Index Value from the previous Index Anniversary (or the Index Effective Date if this is the first
Index Anniversary), divided by the Index Value from the previous Index Anniversary (or the Index Effective Date if this is the first Index Anniversary). 

If the Index Return is positive and greater than the Cap for an Index Option, then the Performance Credit for that Index Option is equal to the Cap. If the
Index Return is positive, but less than the Cap, then the Performance Credit for that Index Option is equal to the Index Return. If the Index Return is zero or negative, but within the Buffer, then the Performance Credit for that Index Option is
zero. If the Index Return is negative and extends beyond the Buffer, then the Performance Credit for that Index Option is equal to the Index Return plus the Buffer. 

For each Index Option that receives a Performance Credit, we multiply its Performance Credit by its Index Option Base. This result is then added to its Index
Option Base. We then set each Index Option Value equal to its Index Option Base. 
 Then, on each Index Anniversary, for each Index Option we: 

 

	 	•	 	Increase its Index Option Value and Index Option Base by the amount of any Additional Purchase Payments and Transfers into the Index Option received that day; 


 

	 	•	 	Reduce its Index Option Value and Index Option Base by the amount transferred out of the Index Option; and 

  

	 	•	 	Reduce its Index Option Value and Index Option Base for Withdrawals (including any Withdrawal Charge) and Contract Charges as described above. 


Performance Lock 
 You can request a Performance Lock of
the current Index Option Value for each of your unlocked Index Options by providing an Authorized Request. We process the request on the Business Day we receive an Authorized Request based on the values at the end of the Business Day. If you
exercise a Performance Lock, you may receive less than the full Cap or less than the full protection of the Buffer that you would have received if you waited for us to apply the Performance Credit on the next Index Anniversary. 

Once an Index Option Value has been locked: 
  

	 	•	 	The Index Option Value will not change until the next Index Anniversary, unless it is reduced for Withdrawals and any other Contract Charges; 


 

	 	•	 	The locked Index Option will not receive a Performance Credit on the next Index Anniversary; and 

  

	 	•	 	You cannot unlock the Index Option. 

 On every Index Anniversary, we unlock any previously locked Index Option
Values. 

  
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 Termination of this Rider 

This rider terminates on the earlier of the Business Day before the Annuity Date or the date the Base Contract terminates. 

In all other respects the provisions, conditions, exceptions and limitations contained in the Base Contract remain unchanged and apply to this rider. 

Signed for the Company at its home office. 

Allianz Life Insurance Company 

of New York 
  

			
	[    	  	    ]
	[Gretchen Cepek]	  	[Thomas P. Burns]
	[Secretary]	  	[President]


  
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