About MicroSectors FANG+ Index 3X Leveraged ETN (FNGU)

MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded note that aims to provide 3 times the daily returns of the NYSE® FANG+™ Index. This index is designed to provide exposure to a select group of highly-traded technology and consumer discretionary stocks, commonly referred to as the FANG stocks. The FANG stocks include Facebook, Amazon, Netflix, and Alphabet's Google, along with other prominent technology companies like Apple and NVIDIA.

FNGU is structured as a leveraged product, which means that it seeks to magnify the returns of the underlying index on a daily basis. This makes FNGU suitable for investors seeking amplified exposure to the FANG stocks. However, it is important to note that leveraged products are intended for short-term trading and may not be suitable for long-term investors. Due to the compounding effect, the performance of FNGU can deviate significantly from the underlying index over longer holding periods.