About MicroSectors FANG+ 3 Leveraged ETNs

FNGU offers 3x exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google), and other similar companies. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of...