Last checked at 21 Apr 2022 07:00
Leverage Shares plc
20 April 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 09:30:01 EST on 20 April 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 $245 on exchange (the "Trigger Value"), representing a drop of 27.92% from its previous closing price of $348.61,thereby crossing the -20.00% 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 $240.48697 and setting an ETP Security Value of $10.27198 (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