RNS Number : 9363B
Leverage Shares PLC
05 February 2024
 
 

Leverage Shares plc

 

 

05.02.2024

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE HOLDERS OF THE ETP SECURITIES. IF ANY ETP SECURITYHOLDER IS IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY

If you have recently sold or otherwise transferred your entire holding(s) of ETP Securities referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

NOTICE OF INTRADAY REBALANCE

Leverage Shares plc (the ("Issuer") hereby gives notice that at 09:30:04 EST on 2.2.2024 (the "Trigger Time"), the price of META Platforms Inc. (META) (the "Reference Asset") for the Leverage Shares -3x Short Facebook (META) ETP (ISIN: XS2472334403) (the "ETP Securities") reached a trading price of $461 on exchange (the "Trigger Value"), representing a increase of 16.77% from its previous closing price of $394.78, thereby crossing the 16.67% set in the index methodology for the iSTOXX 3x Inverse Leveraged FB Index (the "Index").

 

This event triggered an intraday rebalance of the Index, which in turn triggered an intraday rebalance of the ETP Securities as provided in the Prospectuses for the ETP Securities:


 https://leverageshares.com/?page_id=16700

 

https://leverageshares.com/?page_id=16514

 

(the "Prospectuses").

Starting 5 minutes after the Trigger Time, the Issuer carried out an intraday rebalance over the 10-minute period following the Trigger Time using the Trigger Value as the reference (the "Intraday Rebalance"), achieving an average price of $465.345 and setting an ETP Security Value of $0.064407 (the "Rebalanced ETP Security Value").

 

Terms used but not defined in this notice shall bear the meanings assigned to them in the Prospectuses.

 

If you have any queries arising from this notice, please contact us at info@leverageshares.com.

 

Yours sincerely

The Directors

Leverage Shares plc

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