Fact Sheet
Everything You Need to Know About ETPs
16 Dec, 2020 | GraniteShares
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 is a biopharmaceutical company focused on discovering, developing, and commercializing prescription medicines. Its key areas include oncology, rare diseases, cardiovascular, renal and metabolic conditions, respiratory and immunology, and vaccines and immune therapies. The company develops and markets a range of treatments, including Tagrisso, Imfinzi, Lynparza, Calquence, Farxiga, Ultomiris, Soliris, Breztri, and others. AstraZeneca also engages in vaccine development and T-cell receptor therapies. It operates globally, serving healthcare providers and patients across the United Kingdom, the United States, Europe, and Asia. Founded in 1992 and headquartered in Cambridge, UK, AstraZeneca was formerly known as Zeneca Group PLC before adopting its current name in 1999.
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
Related Products
Related Research
3x Leverage AstraZeneca (AZN) ETP OVERVIEW
ETP SECURITY OVERVIEW
Base Currency
GBP
Listing Date
04 Nov 2019
Dividend Treatment
Reinvested
Exchange Ticker
3LAZ
Index Name
Solactive Daily Leveraged 3x Long AstraZeneca PLC Index
DAILY PERFOMANCE (AS OF 26 Sep 2023)
Value Per ETP Security
8.00822584 GBP
Daily Change
-0.06823900 GBP
Daily Return
-0.84%
AUM
520,535 GBP
STRUCTURE
Structure
ETP
Replication Method
Synthetic
Domicile
Ireland
ACCOUNT ELEGIBILITY AND TAX STATUS
ISA
Eligible
SIPP
Eligible
UK Reporting Status
Yes
KEY SERVICE PROVIDERS
Issuer
GraniteShares Financial Plc
Issuing and Paying Agent
The Bank of New York Mellon, London Branch
Trustee
BNY Mellon Corporate Trustee Services Ltd
Swap Provider
Natixis
Swap Collateral Custodian
The Bank of New York Mellon SA/NV
Auditor
Grant Thornton
REGISTERED COUNTRIES
UK
Ireland
PASSPORTED COUNTRIES
Austria
Belgium
Denmark
Finland
France
Germany
Italy
Netherlands
Luxembourg
Norway
Portugal
Spain
Sweden
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
INDEX DETAILS
Index Name
Solactive Daily Leveraged 3x Long AstraZeneca PLC Index
Base Trading Currency
GBP
Index Provider
Solactive
Index Ticker
DE000SLA9UV8
Leverage Factor
3x
Download performance history
View performance chart| 1 Month | 3 Months | YTD | 1 Year | 3 Year | Since Inception |
|---|
COLLATERAL Details of 3x Leverage AstraZeneca (AZN) ETP
Collateral Coverage Ratio
100%
Collateralised
Yes
Collateral Custodian
The Bank of New York Mellon SA/NV
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.
