MAX Airlines -3X Inverse Leveraged ETNs due May 28, 2043

MAX Airlines -3X Inverse Leveraged ETNs due May 28, 2043 is an exchange traded note launched by Bank of Montreal. The note seeks to track -3x the daily performance of the Prime Airlines Index. The index represents the public equity markets of the United States. It takes short positions and uses derivatives to include the stocks of companies operating in the industrials, capital goods, aerospace and defense sectors. The index comprises of growth and value stocks of companies across diversified market capitalization. The ETN will mature on May 28, 2043. MAX Airlines -3X Inverse Leveraged ETNs due May 28, 2043 was formed on June 20, 2023 and is domiciled in Canada.