MicroSectors FANG+ Index 2X Leveraged ETNs due January 8, 2038

MicroSectors FANG+ Index 2X Leveraged ETNs due January 8, 2038 is an exchange traded note launched by Bank of Montreal. The note seeks to track 2x the daily performance of the NYSE FANG+ Index, total return. The index represents the public equity markets of the United States. It uses derivatives to include the stocks of companies operating in the technology and consumer discretionary sectors. The index comprises of the growth stocks of companies across all market capitalizations. The ETN will mature on January 8, 2038. MicroSectors FANG+ Index 2X Leveraged ETNs due January 8, 2038 was formed on August 1, 2018 and is domiciled in the United States.