This is a fully collateralised, UCITS eligible Exchange Traded Product (exchange-traded product (ETP)) designed to provide investors with a leveraged short exposure to the FTSE 100. It tracks the FTSE 100 Daily Ultra Short Strategy RT Gross TR Index (UKXI3X), providing a total return comprised of -3 times the daily performance of the FTSE 100 Total Return Declared Dividend Index, adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks. For example, if the FTSE 100 Total Return Declared Dividend Index rises by 1% over a day, then the ETP will fall by 3%, excluding fees. However if the FTSE 100 Total Return Declared Dividend Index falls by 1% over a day, then the ETP will rise by 3%, excluding fees.