BULZ - BULZ: A Leveraged Play On The Magnificent 7

2024-04-12 08:30:00 ET

Summary

• MicroSectors Solactive FANG Innovation 3X Leveraged ETNs is a leveraged play on the performance of 15 top technology movers.
• The ETN offers exposure to 3x the hypothetical return of the underlying index on a daily basis.
• Investors should be aware of the risks, including potential loss of investment and decay risk associated with leverage.

MicroSectors Solactive FANG Innovation 3X Leveraged ETNs due June 28, 2041 ( BULZ ) is, as the name suggests, a leveraged play on the underlying index. The index itself primarily tracks the performance of 15 of the world's top technology movers, with a core focus on the Magnificent 7 - Apple ( AAPL ), Alphabet ( GOOG ), Microsoft ( MSFT ), Meta Platforms ( META ), Tesla ( TSLA ), Nvidia ( NVDA ), and Amazon ( AMZN ). Being a tech-focused ETN offering, these notes also have 8 other underlying securities that are generally considered to be innovators in their respective domains, so you'll also see names like Intel ( INTC ), Salesforce ( CRM ), Netflix ( NFLX ), Palo Alto Networks ( PANW ), Broadcom ( AVGO ), Advanced Micro Devices ( AMD ), and a couple of others for a total of 15 equal-weighted holdings....

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