Leverage Shares PLC 3x IONQ Intraday Rebalance & Mandatory Redemption

RNS Number : 6590S

Leverage Shares PLC

09 January 2025

 

 

Leverage Shares plc

 

9 January 2025

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. THIS NOTICE MAY CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/201.

If you have recently sold or otherwise transferred your entire holding(s) of ETP Securities referred to below, you should immediately forward this notice 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 to ETP Securityholders of the following series of ETP Securities issued by Leverage Shares plc (the "Issuer"):

Leverage Shares 3x Long IONQ ETP Securities (ISIN: XS2779862056)  
(the "Relevant Series")

NOTICE OF INTRADAY REBALANCE AND ISSUER CALL REDEMPTION

Capitalised terms used, but not defined, in this notice shall have the meaning given thereto in the Amended and Restated Master Definitions Schedule dated 17 July 2024 in relation to the Issuer's collateralised exchange traded securities programme.

The Issuer hereby gives notice of the following:

1.   At 09:30:00 ET on 8 January 2025 (the "Trigger Time"), the price of IonQ Inc, the Reference Asset for the Relevant Series reached a trading price of US $38.80 on exchange (the "Trigger Value"), representing a drop of -21.76% from its previous closing price of US $49.59, thereby crossing the -16.67% as set out in the index methodology for the Solactive 3x Long IONQ Index.

The event triggered an intraday rebalance of the Index, which in turn triggered an intraday rebalance of the ETP Securities of the Relevant Series as provided for in the Base Prospectus of the Issuer.

The Issuer carried out an intraday rebalance following the Trigger Time closing out all the positions in the Reference Asset and resulting in an ETP Security Value below $0.0 on the conclusion of the intraday rebalance.

In accordance with Condition 8.6 of the Terms and Conditions of the ETP Securities of the Relevant Series, the Issuer hereby gives notice of redemption (the "Issuer Call Redemption Notice") of all the outstanding ETP Securities of the Relevant Series effective on 15 January 2025 (the "Mandatory Redemption Date") at a Mandatory Redemption Amount of US$0.

 

 

If you have any queries arising from this notice, please contact us at [e-mail].

 

 

Yours sincerely

 

The Directors

Leverage Shares plc

 

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