Description
The investment seeks return linked to a quarterly rebalanced leveraged participation in the performance of the STOXX Europe 50® USD (Gross Return) Index (the ?index?). At inception the ETN is designed to target two times the performance of the index. A quarterly rebalancing event or a loss rebalancing event will aim to reset the leveraged exposure to the index to approximately two. The index is composed of 50 European blue-chip companies selected from within the STOXX Europe 600 Index.
