S&P 500
EXCHANGE TRADED NOTES
The return on the MSectors™ SPX 500® 4X Leveraged ETNs is linked to a four times leveraged participation in the daily performance of the S&P 500® Total Return Index, minus the applicable fees and charges. The ETNs are not “buy and hold” investments and should not be expected to provide a four times leveraged return of the underlying index’s cumulative return for periods greater than a day.
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