ETFS 3x Daily Long Euro Stoxx 50® (EUL3) is designed to enable investors to gain a three times daily leveraged 'long' exposure to EURO STOXX 50® EUR Net Return (EURO STOXX 50) by tracking the EURO STOXX 50® Daily Leverage 3x EUR Net Return (the 'Index'). A three times daily leveraged long exposure means that the product is designed to reflect three times the daily percentage change in the EURO STOXX 50. For example, if the EURO STOXX 50 was to rise in value by 5% on a particular day, the product would increase in value by 15% on that day (before fees, expenses and adjustments). EUL3 is an exchange traded product ('ETP'). It is not a UCITS. Securities in this ETP are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and are traded on exchange just like shares in a company. The ETP is backed by swaps. The payment obligations of the swap counterparty to the Issuer are protected by collateral held in a segregated account at The Bank of New York Mellon. Details of the collateral held can be found in the Collateral section of the ETF Securities website (www.etfsecurities.com).