Leverage Shares 3x NVIDIA ETP

Leverage Shares 3x NVIDIA ETP is an exchange-traded note (ETN) designed to provide three times the daily performance of NVIDIA Corporation stock. Issued by Leverage Shares PLC, it tracks the iSTOXX Leveraged 3X NVDA Index, utilizing borrowings or financial derivatives to amplify the underlying asset's returns, classified as a single-stock long leveraged product with leverage greater than 2x. Denominated in USD and domiciled in Ireland, the ETN launched on June 4, 2020, and employs a physical replication method under passive management. Dividends from the underlying are capitalized and reinvested, enhancing compounding effects without distributions to holders. With assets under management around 91-105 million in EUR/GBP equivalents and an expense ratio of approximately 0.75-3.78%, it caters to investors seeking magnified exposure to NVIDIA's performance in the technology sector, particularly semiconductors and AI-driven markets. Traded on multiple European exchanges, this instrument plays a key role in leveraged equity strategies, reflecting heightened volatility and risk due to its daily reset mechanism.