This UCITS eligible exchange-traded product (ETP) is fully collateralised and designed to provide investors with a leveraged exposure to the FTSE 250. It tracks the FTSE 250 Daily Leveraged RT TR Index (MCXL2X), providing a total return comprised of 2 times the daily performance of the FTSE 250 Net Dividend Total Return Index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks. For example, if the FTSE 250 Net Dividend Total Return Index rises by 1% over a day, then the ETP will rise by 2%, excluding fees. However if the FTSE 250 Net Dividend Total Return Index falls by 1% over a day, then the ETP will fall by 2%, excluding fees.These products are designed to be held for very short time frames and there is no guarantee that they will replicate the performance of the underlying index beyond one day.