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  IANY 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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