Leverage Shares PLC (3ADE) has issued a formal intraday rebalance notice for its Leverage Shares 3x AMD ETP Securities (ISIN: XS2337090422), following a sharp intraday decline in Advanced Micro Devices, Inc. (AMD) shares on 5 November 2026. AMD's trading price fell to $407.08, a drop of 16.72% from its previous closing price of $488.78, crossing the -16.67% threshold set within the iSTOXX Leveraged 3x AMD Index methodology and automatically triggering a mandatory rebalance. Holders of these ETP Securities should review the notice carefully and consult independent professional advisers if uncertain about the implications.

Key Points

  • Leverage Shares PLC (3ADE) — issuer of leveraged exchange-traded product (ETP) securities
  • An intraday rebalance was triggered for the 3x AMD ETP Securities after AMD fell 16.72% intraday on 5 November 2026
  • AMD reached a trigger price of $407.08 at 10:52:08 EST; the rebalance achieved an average price of $410.1946, setting an ETP Security Value of $1.835831
  • Investors should review the full Prospectuses on the Leverage Shares website and monitor any further index methodology updates

AMD's Intraday Drop to $407.08 Crosses the -16.67% Index Threshold

At 10:52:08 EST on 5 November 2026, AMD's intraday trading price reached $407.08, representing a decline of 16.72% from its prior closing price of $488.78. This move breached the -16.67% threshold embedded in the iSTOXX Leveraged 3x AMD Index methodology, an automatic trigger point specifically designed to protect the structural integrity of leveraged ETP products during periods of acute underlying asset volatility. The announcement confirms this trigger event as the sole basis for initiating the intraday rebalance of the ETP Securities.

How the Intraday Rebalance of the 3x AMD ETP Securities Was Executed

Under the terms set out in the ETP Prospectuses, the rebalance commenced five minutes after the trigger time and was carried out over the subsequent ten-minute window, using the trigger value of $407.08 as the reference point. Leverage Shares states the rebalance achieved an average execution price of $410.1946. Following the completion of the rebalance, the ETP Security Value was reset and recorded at $1.835831, described in the announcement as the Rebalanced ETP Security Value. This figure now serves as the new reference baseline for the ETP Securities going forward.

What the Rebalance Means for Holders of ISIN XS2337090422

Intraday rebalances are a structural feature of leveraged ETP products, designed to reset leverage exposure when underlying assets experience extreme short-term moves. For holders of the Leverage Shares 3x AMD ETP Securities (ISIN: XS2337090422), the rebalance alters the product's exposure profile from the point of execution. The announcement emphasises that securityholders in any doubt about the appropriate action should consult independent professional advisers immediately. Those who have recently sold or transferred their holdings are instructed to forward the notice to the relevant purchaser or transferee without delay.