Important: Please action: SOCIETE GENERALE LEGACY LEVERAGED ETPS TO CLOSE

1

OCT
2018

 

SOCIETE GENERALE LEGACY LEVERAGED ETPS TO CLOSE 
LEGACY LEVERAGED ETPS ARE NOW BID ONLY 


SG are de-listing their old 'legacy' range of products, which have now been replaced by a
new comparable range of replacement leveraged ETPs. Their legacy range of leveraged ETP
products are to be closed (delisted). You must now sell your holdings in these products within
8 (eight) weeks, after which, they will automatically be redeemed on 26th November 2018 date
at the prevailing rate.

 

For full details on the products affected,  please click here
 

 

THE REPLACEMENT RANGE 
COMPETITIVE DAILY FEES AND BID/OFFER SPREADS 

 

Societe Generale recently launched a new of replacement leveraged ETP, designed with competitive daily fees and bid/offer spreads. You can no longer buy any of the 33 legacy products once they are bid only, and will only be able to buy the comparable product from the new range. Further information can be found on www.sgetp.co.uk.



Risk Warning: Short & Long Leveraged ETPs are suitable for sophisticated retail investors. Both gains and losses will be accelerated in comparison to a direct investment in the underlying asset.
 
Any statement in relation to tax, where made, is generic and non-exhaustive and is based on our understanding of the laws and practice in force as of the date of this document and is subject to any changes in law and practice and the interpretation and application thereof, which changes could be made with retroactive effect. Any such statement must not be construed as tax advice and must not be relied upon. The tax treatment of investments will, amongst other things, depend on an individual's circumstances. Investors must consult with an appropriate professional tax adviser to ascertain for themselves the taxation consequences of acquiring, holding and / or disposing of any investments mentioned in this news.