Leverage Shares PLC -3x TSLA Intraday Rebalance Notice
April 29 2024 - 12:47PM
RNS Regulatory News
RNS Number : 4787M
Leverage Shares PLC
29 April 2024
Leverage Shares plc
29.04.2024
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 12:02:31
EST on 29.04.2024
(the "Trigger Time"), the price of
Tesla, Inc. (TSLA)
(the "Reference Asset") for the Leverage Shares
-3x Short
Tesla ETP (ISIN: XS2706232803)
(the "ETP Securities") reached a trading price of $196.36 on exchange (the "Trigger Value"), representing a increase of 16.68% from
its
previous
closing
price of $168.29, thereby crossing the 16.67% set in the index methodology for the iSTOXX Inverse Leveraged -3x TSLA 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 $196.64783 and setting an ETP Security
Value of $15.32112 (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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END
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