3LAZ

3x Leverage AstraZeneca (AZN) ETP


Leverage the daily return of AstraZeneca PLC (AZN) stocks with 3x Long AstraZeneca ETP. Available for trading on London Stock Exchange.

3LAZ Product Description

GraniteShares 3x Long AstraZeneca 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 Long AstraZeneca PLC Index that seeks to provide 3 times the daily performance of AstraZeneca PLC shares.

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

What is AstraZeneca(AZN)

AstraZeneca PLC operates as a holding company. The Company, through its subsidiaries, researches, manufactures, and sells pharmaceutical and medical products. AstraZeneca focuses its operations on eight therapeutic areas, including gastrointestinal, oncology, cardiovascular, respiratory, central nervous system, pain control, anaesthesia, and infection.

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Key Facts

Tickers (Trading Currency)
3LAZ
ISIN
XS2712624779
Underlying Stock
Leverage Factor
+3x
Base Currency
GBP
Total Daily Ongoing Cost
0.0065%
Value per ETP Security as of 26 September 2023
£8.00822584
Dividend
Reinvested
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3x Leverage AstraZeneca (AZN) ETP OVERVIEW

LISTING AND CODES for 3x Leverage AstraZeneca (AZN) ETP

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange GBX 3LAZ XS2712624779 BNV0BR3

INDEX & PERFORMANCE of 3x Leverage AstraZeneca (AZN) ETP

1 Month 3 Months YTD 1 Year 3 Year Since Inception

COLLATERAL Details of 3x Leverage AstraZeneca (AZN) ETP

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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