Description

These Exchange Traded Products (ETPs) are designed to provide investors with three times the daily return of the Taiwan Semiconductor Manufacturing Company, Limited's American Depositary Receipt (ADR), after accounting for all associated costs and charges. To accomplish this, the ETPs aim to mirror the performance of the iSTOXX Leveraged 3x TSM Index. This Index itself is constructed to deliver three times the daily price movement of the aforementioned Taiwan Semiconductor Manufacturing Company, Limited ADR, which serves as its underlying Reference Asset.