Leverage Shares 2x Goldman Sachs ETP Securities is a physically backed, exchange-traded product designed to deliver twice the daily return of Goldman Sachs Group, Inc. stock, before fees and costs. Structured as a debt security, this ETP achieves leveraged exposure by directly investing in Goldman Sachs shares and employing margin, allowing it to magnify the daily price movements of the underlying stock—if Goldman Sachs rises or falls by 1% in a day, the ETP is designed to move by 2% in the same direction, excluding fees. The product is constructed to offer sophisticated investors an efficient alternative to using derivatives, such as futures or swaps, to gain leveraged exposure, and incorporates an intraday 'airbag' mechanism to mitigate the impact of sharp, adverse intraday market moves. As a single-asset instrument, it is closely tied to the U.S. financial sector, primarily reflecting the performance of one of the world’s leading investment banks. While it is liquid and easy to trade, the daily compounding and rebalancing mean returns over periods longer than one day can differ from the expected multiple of the underlying stock’s performance, making it most suitable for active, risk-aware market participants.