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This is a fully collateralised exchange-traded commodity (ETC) designed to provide investors with a leveraged exposure to Brent Crude Oil . It provides a total return comprised of 3 times the daily performance of the Solactive Brent Crude Oil Commodity Futures SL Index (SOLWSCO2), plus the interest revenue adjusted to reflect fees and costs associated with the product. For example, if the Solactive Brent Crude Oil Commodity Futures SL Index rises by 1% over a day, then the ETC will rise by 3%, excluding fees. However if the Solactive Brent Crude Oil Commodity Futures SL Index falls by 1% over a day, then the ETC will fall by 3%, 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.
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