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Tuesday 23 November, 2021

Leverage Shares PLC

3x Zoom Intraday Rebalance

RNS Number : 3329T
Leverage Shares PLC
23 November 2021
 
 

Leverage Shares plc

 

23 November 2021

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 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 OF INTRADAY REBALANCE

Leverage Shares plc (the ("Issuer") hereby gives notice that at 15:24:00 on 23 November 2021 (the "Trigger Time"), the price of Zoom Communications, Inc, (ZM) (the "Reference Asset") for the Leverage Shares 3x Zoom ETP Securities (ISIN: XS2297551611 ) (the "ETPSecurities") reached a trading price of $201.90 on exchange (the "Trigger Value"), representing a drop of -16.68% from its previous closing price of $242.28, thereby crossing the -16.67% set in the index methodology for the iSTOXX Leveraged 3x ZM 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 Prospectus for the ETP Securities: https://leverageshares.com/documents/prospectus/Leverage-Shares-Base-Prospectus-18-December-2020.pdf (the "Prospectus").

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 $201.28 and setting an ETP Security Value of $0.54 (the "Rebalanced ETP Security Value")

 

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

 

If you have any queries arising from this notice, please contact us at [email protected] .

 

 

 

 

 

Yours sincerely

 

The Directors

Leverage Shares plc

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