Learning about conditional splits

I would love someone to look over my setting and let me know if I achieved my goal.

It’s an abandoned cart email flow.

I would like to add a discount code in the email that goes to people who have never placed an order before and have not signed up to my email newsletter (and have therefore not ever received a discount code.)

Those who HAVE signed up already (and have therefore already received a discount code in a separate email) should receive an email that does not include any discount codes.

I used klaviyos template and added a conditional split under the trigger. That conditional split has the following settings:
Has placed order 0 times over all times AND is not in newsletter list.

“Yes” leads to the email that includes the code. “No” leads to the email that does not include a code.

Did I set this up correctly?

Please have a look at the screenshot below.

If anyone has any suggestions on how to improve this, please do. not hesitate to share with me.

(also: does “No” under a conditional split simply mean “EVERYONE who does NOT fall under these conditions”, and therefore only the conditions of the initial trigger apply to those people. Correct?)

Looking forward to your feedback.