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GraniteShares

3SAL

GraniteShares 3x Short Alphabet Daily ETP

Product Description

GraniteShares 3x Short Alphabet Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Alphabet Inc Index that seeks to provide -3 times the daily performance of Alphabet shares.

For example, if Alphabet rises by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments. However, if Alphabet falls by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments.

This product is available in USD, EUR, GBX

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Key Facts

  Fact Sheet
  Fact Sheet
  KID
Tickers (Trading Currency)
3SAL (USD) / 3SGE (EUR) / 3SGP (GBX)
Underlying Stock
Alphabet
Leverage Factor
-3x
Base Currency
USD
Total Daily Ongoing Cost
0.0054%
Value per ETP Security as of 23 September 2021
$0.35202550
Dividend
Reinvested
Granite Shares

OVERVIEW

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3SAL XS2193968729 BM97G41
London Stock Exchange EUR 3SGE XS2193968729 BKVCSR7
London Stock Exchange GBX 3SGP XS2193968729 BKVCTR4
1 Month 3 Months YTD 1 Year 3 Year Since Inception
3SAL Return -3.90% -38.62% -82.88% -91.85% - -92.96%
Benchmark Return -11.16% -46.87% -70.84% - - -88.41%

Understanding Collateral


Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the collateralised ETPs' change in value and in the outstanding number of securities. The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian.

OVERVIEW

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3SAL XS2193968729 BM97G41
London Stock Exchange EUR 3SGE XS2193968729 BKVCSR7
London Stock Exchange GBX 3SGP XS2193968729 BKVCTR4

1 Month 3 Months YTD 1 Year 3 Year Since Inception
3SAL Return -3.90% -38.62% -82.88% -91.85% - -92.96%
Benchmark Return -11.16% -46.87% -70.84% - - -88.41%

Understanding Collateral


Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the collateralised ETPs' change in value and in the outstanding number of securities. The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian.

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