S 3x Short JPY Long EUR 

This UCITS-compliant, fully collateralized Exchange Traded Product (ETP) is designed to give investors a magnified, inverse exposure to the Japanese Yen (JPY) relative to the Euro (EUR). It precisely tracks the MSFXSM Triple Short Japanese Yen/Euro Total Return Index (MSCEEJUS). The ETP's total return reflects three times the daily performance of foreign exchange forward contracts betting against JPY versus EUR, along with any earned interest, all adjusted for associated product costs and fees. For instance, if the JPY appreciates by 1% against the EUR in a day, the ETP will decline by roughly 3% (before fees). Conversely, a 1% depreciation of the JPY against the EUR over a day would lead to an approximate 3% gain in the ETP's value (before fees).