Leverage Shares 3x PayPal ETP Securities

Leverage Shares 3x PayPal ETP Securities is a collateralised exchange-traded product designed to deliver three times the daily performance of PayPal Holdings, Inc. stock, net of fees and expenses. It tracks the iSTOXX Leveraged 3x PYPL Index by investing directly in the underlying PayPal Holdings, Inc. shares and employing margin borrowing to amplify exposure, enabling magnified daily returns—for instance, a 1% rise in PayPal stock aims for a 3% gain in the ETP, and vice versa, excluding costs. Key features include an intraday rebalance mechanism to mitigate large intra-day drops, physical replication with full ownership of assets to minimize credit risk, and liquidity akin to trading equities, accessible without personal margin accounts. Issued by Leverage Shares PLC, it serves sophisticated investors monitoring positions daily, given the compounding effects from daily rebalancing that can lead to returns diverging from simple multiples over longer periods. Available in USD base currency across select European countries including the United Kingdom, Germany, France, Italy, Spain, Netherlands, Ireland, Poland, and Belgium, this ETP facilitates tactical trading strategies focused on heightened single-stock exposure in the digital payments sector.