Societe Generale, leading bank on Borsa Italiana in the segment of fixed leverage certificates with 69.3% of the exchange value, is expanding the range offered on SeDeX with new 5x Fixed Leverage Certificates (Long or Short) on Shares. Specifically, the expansion of the range enriches the offer on US equities by providing investors with the opportunity to take a position on companies active in the sectors most in the spotlight at the beginning of the year such as the pharmaceutical, energy (hydrogen ), banking or tourism, entertainment, digital payments and cryptocurrencies. In addition, new Fixed Leverage Certificates -5x Short were issued on Coinbase, FinecoBank, AMD, NVIDIA and Tesla to expand the existing range, which to date already includes Long + 5x Certificates on these same shares.
Below is the complete list of available underlyings. Shares listed in Italy (17): Assicurazioni Generali, Atlantia, Enel, ENI, Ferrari, FinecoBank, Intesa Sanpaolo, Inwit, Leonardo, Mediobanca, MonclerNEW, Prysmian, Stellantis, STMicroelectronics, Telecom Italia, Tenaris, UniCredit. Shares listed in Europe (12): Airbus, Allianz, BayerNEW, BMW, BNP Paribas, Deutsche Telekom, Essilor-LuxotticaNEW, Infineon Technologies, LVMH, NokiaNEW, TotalEnergies, Volkswagen. US-listed shares (29): Activision Blizzard, AirBnbNEW, Alibaba, Alphabet, Amazon, AMD, Apple, Baidu, Berkshire HathawayNEW, Boeing, Coca-ColaNEW, CoinBase, JPMorgan ChaseNEW, McDonald’sNEW, Meta Platforms, Microsoft, ModernaNEW , Netflix, NIO, NVIDIA, PfizerNEW, Plug PowerNEW, Spotify, Tesla, UberNEW, Unity SoftwareNEW, Virgin Galactic, VisaNEW, Walt DisneyNEW.Costanza Mannocchi (photo), Head of Exchange Traded Products of Societe Generale in Italy, commented: “With over 160 million euros of turnover in the last quarter of 2021, of which over 80% on Societe Generale’s products, the segment of fixed-lever certificates on shares is experiencing growing interest from investors eager to take leveraged positions on some of the main trends of the moment. Societe Generale has therefore decided to make 16 new underlyings available to investors. SG’s range of Fixed Leverage Certificates is thus confirmed as the most complete in terms of underlyings with over 120 products on 58 shares listed in Italy, Europe and the USA. ”
The SG Certificates with fixed leverage, classified as leveraged certificates according to the Acepi classification, indicatively replicate (gross of costs, taxes and other charges) the daily performance of the underlying multiplied by the positive or negative fixed leverage. The Fixed Leverage is recalculated every day4 and is valid only intraday and not for periods of time longer than a day (so-called compounding effect). In the case of extreme and adverse movements of the underlying, an automatic mechanism for Intraday Adjustment of the leverage is provided. This mechanism is aimed at preventing the value of the product from becoming negative, however, in some market circumstances, it does not prevent the value of the product from falling to zero. These certificates are available on Borsa Italiana (SeDeX) with liquidity provided by Societe Generale.
These certificates do not have a predefined (open-end) expiration. Their redemption may take place during the life of the product at the discretion of the Issuer or the investor in accordance with the procedures set out in the Final Terms of the product. The investor can also sell the product on the market, in which Societe Generale has undertaken intraday liquidity commitments.
