MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs due March 25, 2039

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs due March 25, 2039 is an exchange traded note launched by Bank of Montreal. The note seeks to track -3x the daily performance of the Solactive MicroSectors U.S. Big Banks Index, total return. The index represents the public equity markets of the United States. It takes short positions to invests in the stocks of companies operating across financials, and banking sectors. The index comprises of the growth and value stocks of large-cap companies. The ETN will mature on March 25, 2039. MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs due March 25, 2039 was formed on April 2, 2019 and is domiciled in Canada.