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3USS

S&P 500 3x Short Daily ETP

Boost S&P 500 3x Short Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP provides three times the inverse daily performance of the S&P 500 Total Return index, adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks.

For example, if the S&P 500 rises by 1% over a day, then the ETP will fall by 3%, excluding fees. However if the S&P 500 falls by 1% over a day, then the ETP will rise by 3%, excluding fees.

ETP RISK WARNING

The Boost Issuer Plc exchange traded products (ETPs) are only intended for investors who understand the associated risks. The short and/or leveraged products involve numerous risks including general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETPs, exchange rate and interest risks, and for our Delta One products, swap counterparty risk. You should consult an investment adviser who can help determine whether or not the products are suitable for you.

 

The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.

KEY INFORMATION

  • Price (NAV) (20 Sep 2017) $8.02
  • Base/Trading Currency USD/USD
  • Daily Change (20 Sep 2017) -0.19%
  • Leverage Factor -3x
  • ISIN IE00B8K7KM88
  • Bloomberg Ticker 3USS LN
  • Index Name S&P 500 Total Return
  • Index Bloomberg Ticker SPXT
Net Asset Value 20 Sep 2017
NAV $8.02
Daily Change ($0.01)
Daily Return -0.19%
Total AUM of fund $52,029,220.27
Structure
Physical Assets Yes (Collateral)
Structure ETP
Domicile Ireland
Replication Method Fully Collaterised Swap
Key Service Providers
Issuers Boost Issuer PLC
Administrator Capita IFS
Custodian Bank of New York Mellon
Trustee Law Debenture Trust
Auditor Ernst & Young
Swap Provider BNP Paribas Arbitrage SNC
Market Makers Market Makers
Authorised Participants APs
Fees
Annual Management Fee Rate 0.8%
Daily Swap Rate 0.00250%

Listings & Codes

London Stock Exchange
Base Currency USD
Trading Currency GBx
Exchange Ticker 3ULS
ISIN IE00B8K7KM88
SEDOL B91PBF8
Bloomberg Ticker 3ULS LN
Settlement Period T+2
RIC 3ULS.L
Listing Date 15 Mar 2017
London Stock Exchange
Base Currency USD
Trading Currency USD
Exchange Ticker 3USS
ISIN IE00B8K7KM88
SEDOL B8K7KM8
Bloomberg Ticker 3USS LN
Settlement Period T+2
RIC 3USS.L
Listing Date 13 Dec 2012
Xetra
Base Currency USD
Trading Currency EUR
Exchange Ticker US9S
ISIN DE000A133ZX8
SEDOL BSJCNC5
Bloomberg Ticker US9S GY
Settlement Period T+2
RIC US9S.DE
Listing Date 13 Nov 2014
Borsa Italiana
Base Currency USD
Trading Currency EUR
Exchange Ticker 3USS
ISIN IE00B8K7KM88
SEDOL BD3CSZ4
Bloomberg Ticker 3USS IM
Settlement Period T+2
RIC 3USS.MI
Listing Date 25 Feb 2014
Index Details

S&P 500 TOTAL RETURN

The S&P 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad US economy through changes in the aggregate market value of 500 stocks representing all major industries. The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices. The S&P 500 Total Return Index is a gross total return version of the index.

Index Details

Index ID Card
Index Name S&P 500 Total Return
Currency USD
Index Provider S&P
Bloomberg Ticker SPXT
Leverage Factor N/A
Reuters Instrument Code .SPXT
Leverage Method No Leverage

Boost Collateral Details

Details 20 Sep 2017
Collateral Coverage Ratio 105.3%
Over Collateralised Yes
Custodian Bank of New York Mellon

Boost is an independent boutique Exchange Traded Product (“ETP”) provider and as such it is independent from any investment bank, swap provider, trustee or custodian. Boost ETPs have a robust and transparent collateral structure, which Boost believes offers investors a best of breed counterparty risk model, where investors’ interests are aligned with Boost's.

Boost Collateral Structure

DISCLAiMERS

 

The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by the Issuer. Standard & Poor’s®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by the Issuer. The ETP Securities are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.