Leverage Shares PLC -3 MSTR Intraday Rebalance

RNS Number : 7749L

Leverage Shares PLC

11 November 2024

 

 

Leverage Shares plc

 

 

11.11.2024

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 10:26:00 on 11.11.2024 (the "Trigger Time"), the price of Microstrategy Incorporated (MSTR) (the "Reference Asset") for the Leverage Shares -3x Short MicroStrategy (MSTR) ETP (ISIN: XS2901884077) (the "ETP Securities") reached a trading price of $315.58 on exchange (the "Trigger Value"), representing an increase of 16.70% from its previous closing price of $270.42, thereby crossing the 16.67% set in the index methodology for the Euronext -3x Short MicroStrategy 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/documents/prospectus/Leverage-Shares-Base-Prospectus-(FCA)-4-May-2023-Final.pdf?x95527

 

 https://leverageshares.com/documents/prospectus/Leverage-Shares-Base-Prospectus-(CBI)-4-May-2023-Final.pdf?x95527

 

 (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 $316.85815 and setting an ETP Security Value of $0.785945 (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 [e-mail].

 

Yours sincerely

 

The Directors

Leverage Shares plc

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