Leverage Shares PLC Notice of 2X Netflix Intraday Rebalance (2909Z)
January 21 2022 - 12:21PM
UK Regulatory
TIDMNFL2 TIDM2NFL TIDMNFLE
RNS Number : 2909Z
Leverage Shares PLC
21 January 2022
Leverage Shares plc
21 January 2022
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
09:30:05 EST on 21 January 2022 (the "Trigger Time"), the price of
Netflix, Inc. (the "Reference Asset") for the Leverage Shares 2x
Netflix ETP Securities (ISIN: IE00BD09ZW40) (the "ETP Securities")
reached a trading price of $400.43 on exchange (the "Trigger
Value"), representing a drop of -21.21% from its previous closing
price of $508.25, thereby crossing the -20% set in the index
methodology for the NYSE Leveraged 2x NFLX 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-7-December-2021.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 $393.42 and
setting an ETP Security Value of $ 37.6287 (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 info@leverageshares.com .
Yours sincerely
The Directors
Leverage Shares plc
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END
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