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For example, if the EURO STOXX Banks Net Return Index rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However if the EURO STOXX® Banks Net Return Index falls by 1% over a day, then the ETP will fall by 3%, excluding fees.
This UCITS eligible Exchange-Traded Product (ETP) is fully collateralised and designed to provide investors with a leveraged exposure to the EURO STOXX Banks. It tracks the EURO STOXX Banks Daily Leverage 3 EUR Net Return Index (SX7T3L), providing a total return comprised of 3 times the daily performance of the EURO STOXX Banks Net Return Index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks.