MicroSectors ™ Launches Exchange Traded Notes for Oil and Gas Exploration and Production on NYSE Arca
FAIRFIELD, Connecticut, November 9, 2021– (BUSINESS WIRE) – REX Shares, LLC (“REX”) is pleased to announce the launch of two new MicroSectors Exchange Traded Notes (“ETN”) issued by Bank of Montreal (“BMO”) related to MicroSectors Solactive ™ Oil and gas exploration and production index (ticker: SOLOILT). 3x Leveraged MicroSectors ™ Oil & Gas Exploration & Production (Ticker: OILU) and MicroSectors ™ Oil & Gas Exploration & Production -3x Leveraged Reverse ETNs (ticker: OILD) will begin trading today ‘hui on NYSE Arca.
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The Solactive MicroSectors ™ Oil & Gas Exploration & Production Index, launched in October 2021, tracks the stock prices of large capitalization companies domiciled and listed in the United States and active in the exploration and production of oil and gas.
“We are excited to bring another pair of leveraged and reverse leveraged exchange traded notes to market with BMO and Solactive,” said Scott Acheychek, President of REX. “MicroSectors Focuses on Innovating the Exchange Traded Products (‘ETP’) Landscape by Offering Indices Targeted at Popular Market Segments, such as US Energy, US Large Cap Banks and US Big Tech . “
About REX shares
Founded in 2015, REX Shares (“REX”) is an independent ETP provider based in Fairfield, Connecticut. As ETP architects, the REX team creates investment vehicles that solve a range of specific challenges in investor portfolios. The company is rooted in decades of structuring and creating inventive solutions to exchange traded products.
For more information, please visit www.rexshares.com or www.microsectors.com.
BNBs are senior unsecured bonds of BMO.
The suitability of investments should be determined individually for each investor, and ETNs may not be suitable for all investors. This information is not intended to provide and should not be construed as providing accounting, legal, regulatory or tax advice. Investors should consult their own financial advisers on these matters.
ETNs are intended to be daily trading tools for sophisticated investors to manage day-to-day trading risks as part of a diversified overall portfolio. They are designed to meet their stated investment goals on a daily basis. Returns on ETNs over longer periods can, and most likely will, differ significantly from the return on a long or short direct investment in the index.
BMO, the issuer of the ETNs, has filed a registration statement (including a pricing supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission (the “SEC” ) respecting each of the investments to which this free writing prospectus relates. Please read these documents and other documents relating to these offers that BMO has filed with the SEC for more complete information about BMO and these offers. These documents can be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, Bank of Montreal, any agent or broker participating in these offers will arrange to send the Pricing Supplement, Product Supplement, Prospectus Supplement and Prospectus if you request it by calling toll-free. at 1-877-369-5412.
Solactive AG (“Solactive”) is the licensor of the Index. The Notes are in no way sponsored, endorsed, promoted or sold by Solactive, and Solactive makes no express or implied representations, warranties or assurances regarding: (a) the advisability of investing in the Notes; (b) the quality, accuracy and / or completeness of the Index; and / or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive does not guarantee the accuracy and / or completeness of the Index and will not assume any responsibility for errors or omissions in this regard. Notwithstanding the obligations of Solactive towards its licensees, Solactive reserves the right to modify the methods of calculation or publication of the Index, and Solactive will not be responsible for any calculation error or for any incorrect, delayed or interrupted publication. regarding the Index. Solactive will not be liable for any damages, including, without limitation, any loss of profits or business, or any special, incidental, punitive, indirect or consequential damages suffered or incurred as a result of the use (or of the inability to use) of the Index.
MicroSectors ™ and REX ™ are registered trademarks of REX. The trademarks have been used under license for certain purposes by Bank of Montreal. ETNs are not sponsored, endorsed, sold or promoted by REX or any of its affiliates or third party licensors (collectively, the “REX Index Parties”). The parties to the REX Index make no representations or warranties, express or implied, to the owners of ETNs or to any member of the public regarding the advisability of investing in securities in general or in ETNs in particular or the ability to invest in securities in general or in ETNs in particular. the index to monitor the general performance of the market. The only relationship between the parties of the REX index and the Bank of Montreal with respect to the index is the license of the index and certain trademarks, service marks and / or trade names of the parts of the index. REX index. The parties to the REX index are not responsible for and have not participated in determining the price and amount of ETNs or the timing of the issue or sale of ETNs or in determining or calculating the amount. equation that ETNs must be converted to cash. The parties to the REX index have no obligation or liability with respect to the administration, marketing or trading of ETNs. The inclusion of a security in an index is not a recommendation of the Parties of the REX index to buy, sell or hold such a security, nor is it considered investment advice.
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Gregory FCA for REX shares
Jill Fritz, 484-832-7034