Leverage Shares 2x Apple ETP Securities A

The objective of this product is to provide two times the value of the daily performance of Apple Inc. stock. The ETP securities seek to track the NYSE Leveraged 2x AAPL Index (the Index) which provides exposure to two times the daily performance of Apple Inc. stock (the Component Security). The ETP security exposure to the Component Security is managed to deliver two times the return (gain or loss) of the Component Security on a daily basis, net of fees and expenses. For example, if the Component Security rises by 1% over a day, then the ETP (and the Index it seeks to track) is expected to rise by 2%. However, if the Component Security falls by 1% over a day, then the ETP (and the Index it seeks to track) is expected to fall by 2%. In both cases excluding fees and funding costs. The Issuer’s payment obligations in respect of each series of ETP securities will be funded by selling the component securities held in the margin account (the margin account), together with any cash received from time to time in respect of the Component Securities (for example by way of dividends). Each series of ETP securities is collateralised by an amount of the component security of the applicable Index to which the relevant series of ETP securities relates (the collateral assets). Holding this product for more than one day is likely to result in a return which is different to two times the return of the Component Security over that holding period. This difference, called the “Compounding Effect”, is caused by the product’s daily leverage rebalancing, and is magnified by more leverage and longer holding periods. Compounding may have a positive or negative impact on the product’s return, but tends to have a negative impact the higher the volatility of the Component Security. You may trade this product on the London Stock Exchange at your own discretion. You may choose to sell your ETP securities prior to their maturity in accordance with your investment objectives. You should be aware that ETP securities may not be readily sold and the value of the ETP securities may be substantially less than the price you paid for them. The ETP securities are non-interest bearing and are not principal protected and you may lose some or all of your investment. This series of ETP securities has a scheduled maturity date of 5 December 2067. The ETP securities may be redeemed prior to the scheduled maturity date, if: (1) the issuer redeems all of the ETC securities in the series following five calendar days written notice to you; (2) you elect to optionally redeem all or part of your holding in the ETP securities; (3) an event of default occurs; or (4) a mandatory redemption event occurs. A detailed description of early redemption events can be found in the prospectus in the Terms and Conditions of the ETP Securities.