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Regulatory News / Notice of Early Termination of 3SMD/SAM3

Notice of Early Termination of 3SMD/SAM3

3SMD: What Happened?

On 6 October 2025, a restrike event was triggered for the GraniteShares 3x Short AMD Daily ETP Securities (3SMD) following extreme movements in the share price of Advanced Micro Devices (AMD).

At 15:30:17 CET, the Index Sponsor reported the restrike event for the underlying index. At the end of the observation period (15:40:47 CET), the Index Sponsor published an Index Level of 0.0000. In accordance with the Index Guidelines, the Index Provider subsequently announced:

“Today, 06/10/2025, SOAMD3S Index terminated with immediate effect. Due to recent market movements, the calculated index level is below 0.”

As a result, and in accordance with the Terms and Conditions of the ETP, an Early Redemption Event has occurred. The Value per ETP Security has been determined as USD 0.0000.

Given that the underlying index level and corresponding NAV have both reached zero, the product has now been terminated. No further value remains in the ETP, and no proceeds will be paid to holders.

Which ETP is affected?

Security Name ISIN Exchange Ticker Code SEDOL Code
GraniteShares 3x Short AMD Daily ETP Securities XS2838543457 London Stock Exchange 3SMD BSMMMQ9
GraniteShares 3x Short AMD Daily ETP Securities XS2838543457 London Stock Exchange SAM3 BSMMMR0
GraniteShares 3x Short AMD Daily ETP Securities XS2838543457 Borsa Italiana 3SAM BSMMMQ9

 

Key Dates and Next Steps

Monday, 6 October 2025

The Index Sponsor announced that the SOAMD3S Index had been terminated with immediate effect. Following this, the Value per ETP Security was confirmed as USD 0.0000, and the product was officially terminated.

As the NAV is now zero, no redemption payments will be made. Trading in the affected ETP has been suspended and the securities will be delisted in due course in accordance with exchange procedures.


Additional information about how restrike and stop-loss events are managed can be found in the “Adjustments” section of the Index Guidelines, available here.

Capitalised terms used in this notice have the meanings given in the Issue Deed and Base Prospectus, available at www.graniteshares.com/ETPS.

Issuer:
GraniteShares Financial PLC