Description

These Exchange Traded Products (ETPs) are structured to deliver a return equivalent to double the daily price movement of Berkshire Hathaway Inc.'s Class B common stock. This leveraged exposure is calculated after accounting for any management fees and operational costs. The mechanism by which these ETP securities achieve their objective is by closely following the iSTOXX Leveraged 2x BRK.B Index. This benchmark index is specifically engineered to provide twice the daily performance of the aforementioned Berkshire Hathaway Inc. Class B equity, which acts as its underlying "Reference Asset."