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LONDON - GraniteShares Financial PLC announced on Monday that its 3x Short AMD Daily ETP Securities (XS2838543457) have been terminated following an Index Cancellation Redemption Event.
The company reported that on October 6, 2025, it received notice from the Swap Calculation Agent about the cancellation event, which was triggered by an announcement from the Index Provider stating: "Today, 06/10/2025, SOAMD3S Index Termination with immediate effect. Due to the recent market movements, the calculated index level is below 0."
According to the notice, the Value per ETP Security has been established at zero in accordance with the product’s terms and conditions. This effectively renders the investment product worthless for current holders.
The termination falls under Condition 8(d)(ii) of the product terms, which classifies an Index Cancellation as an Early Redemption Event. The company noted that this action was taken in compliance with the product’s Base Prospectus.
GraniteShares Financial PLC, which issues exchange-traded products that track various market indices, made the announcement via a Regulatory News Service (RNS) filing with the London Stock Exchange.
The terminated product was designed to provide triple leveraged short exposure to AMD stock performance on a daily basis, meaning it was structured to increase in value when AMD shares declined.
The company indicated that further details about the Index Guideline and Terms and Conditions are available on its website. This information is based on a press release statement from the issuer.
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