Leverage Shares PLC -3 COIN Intraday Rebalance
11 November 2024 - 6:00PM
RNS Regulatory News
RNS Number : 7745L
Leverage Shares PLC
11 November 2024
Leverage Shares
plc
11.11.2024
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 10:15:00 EST on 11.11.2024 (the "Trigger Time"), the price of Coinbase
Global, Inc. (COIN) (the "Reference Asset") for the
Leverage Shares -3x Short Coinbase
(COIN) ETP Securities (ISIN:
XS2854992240) (the
"ETP Securities") reached a trading price of
$315.92 on exchange (the "Trigger
Value"), representing an increase of 16.69% from its
previous closing price of $270.74, thereby crossing the 16.67% set
in the index methodology for the the iSTOXX Inverse Leveraged -3x
COIN 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/documents/prospectus/Leverage-Shares-Base-Prospectus-(FCA)-4-May-2023-Final.pdf?x95527
https://leverageshares.com/documents/prospectus/Leverage-Shares-Base-Prospectus-(CBI)-4-May-2023-Final.pdf?x95527
(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
$317.03206 and
setting an ETP Security Value of $1.661855 (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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