The Leverage Shares 3x NVIDIA ETP Securities (NVD3) is an exchange-traded product issued by Leverage Shares and traded in U.S. dollars on the London Stock Exchange. It provides leveraged exposure to NVIDIA Corporation shares.

The ETP seeks to track the iSTOXX Leveraged 3X NVDA Index, which is designed to provide three times the daily performance of NVIDIA shares, before management fees, financing costs, and other applicable charges.

NVD3 uses daily leverage, meaning its exposure is reset each trading day to target the 3x multiple. As a result, the product's performance over periods longer than one day will not necessarily equal three times NVIDIA's cumulative return over the same period.

This difference primarily results from daily compounding, rebalancing, financing costs, and the sequence of gains and losses in the underlying stock. During periods of high volatility, these factors can create significant differences between NVD3's cumulative return and three times NVIDIA's cumulative return.

Composition / Exposure Profile

NVD3 does not provide diversification across multiple companies. Its economic exposure is concentrated in:

• NVIDIA Corporation.

• The technology sector.

• The semiconductor industry.

• The U.S. equity market.

• 3x daily leveraged exposure.

Because the product is linked to a single stock and uses leverage, its price movements can be significantly larger than those of NVIDIA itself. A daily decline in the underlying stock will generally result in a loss of approximately three times that move in the ETP before fees, financing costs, and other structural effects.

In addition to risks specific to NVIDIA and the semiconductor industry, the product is exposed to risks associated with leverage and daily rebalancing. The greater the volatility and the longer the holding period, the larger the potential difference between the ETP's cumulative return and three times the stock's cumulative return.

Structure and Costs

NVD3 is an ETP structured as a debt security, rather than an ETF or UCITS fund. The securities trade on the London Stock Exchange and use a physically backed structure designed to provide the exposure specified by the underlying index.

The product charges a 0.75% annual management fee, in addition to financing costs associated with maintaining its leveraged exposure. These costs affect the ETP's performance over time.

Because NVD3 is a structured security rather than a traditional fund share class, the accumulating and distributing classifications commonly used for UCITS ETFs do not apply.

History and Evolution of the ETP

The Leverage Shares 3x NVIDIA ETP Securities was launched in 2020 to provide daily leveraged exposure to NVIDIA shares through an exchange-traded instrument.

Since its launch, the product has maintained a strategy designed to provide three times NVIDIA's daily performance, before management fees, financing costs, and other applicable charges.

Throughout its history, NVD3's performance has reflected amplified movements in NVIDIA shares, together with the effects of daily leverage, financing costs, and the compounding of returns over time.

Additional Information

Leverage Shares 3x NVIDIA ETP Securities (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $107.82 million.

Over the past 12 months, Leverage Shares 3x NVIDIA ETP Securities recorded a return of 12.78%, with its price trading between $36.41 and $94.16 during the same period.

The ETF is traded under the ticker NVD3.