17/03/2025 - Leverage Shares plc: Issuer Document

Final Terms dated: 14 March 2025

Leverage Shares Public Limited Company

(a public company incorporated with limited liability in Ireland)

LEI: 635400TLFJSNHVSOFH59

Issue of

30968 Leverage Shares 3x Baidu ETP Securities

pursuant to the

Collateralised Exchange Traded Securities Programme

(the "ETP Securities")

This document constitutes the Final Terms of the ETP Securities described herein.

The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that any offer of ETP Securities in the United Kingdom will be made pursuant to an exemption under the UK Prospectus Regulation from the requirement to publish a prospectus for offers of the ETP Securities. Accordingly, any person making or intending to make an offer in the United Kingdom of the ETP Securities may only do so in circumstances in which no obligation arises for the Issuer or any dealer to publish a prospectus pursuant to Article 3 of the UK Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the UK Prospectus Regulation, in each case, in relation to such offer. Neither the Issuer nor any dealer has authorised, nor do they authorise, the making of any offer of the ETP Securities in any other circumstances.

The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that, except as provided in sub-paragraph (ii) below, any offer of ETP Securities in the United Kingdom will be made pursuant to an exemption under the UK Prospectus Regulation from the requirement to publish a prospectus for offers of the ETP Securities. Accordingly any person making or intending to make an offer of the ETP Securities may only do so:

1. in circumstances in which no obligation arises for the Issuer to publish a prospectus pursuant to Article 3 of the UK Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the UK Prospectus Regulation, in each case, in relation to such offer; or
2. in the United Kingdom, provided such person is one of the persons mentioned in the following paragraph and that such offer is made during the Offer Period specified for such purpose therein.

An offer of the ETP Securities may be made by the Issuer or by the Authorised Participant other than pursuant to Article 1 of the UK Prospectus Regulation in the United Kingdom during the period of 12 months from the Base Prospectus Date (as defined below) (the "Offer Period").

The Issuer has not authorised, and does not authorise, the making of any offer of ETP Securities in any other circumstances.

The expression "UK Prospectus Regulation" means the United Kingdom's version of Regulation (EU) No 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

PART A - CONTRACTUAL TERMS

Terms used herein shall have the meanings given to them in the terms and conditions set forth in the Base Prospectus dated 15 March 2024 which is incorporated by reference in the Base Prospectus dated 17 July 2024 and the supplement to it dated 14 November 2024 (the "Base Prospectus" and the "Base Prospectus Date") which together constitute a base prospectus for the purposes of the UK Prospectus Regulation. This document constitutes the Final Terms of the ETP Securities described herein and has been prepared for the purposes of Article 8 of the UK Prospectus Regulation and must be read in conjunction with the Base Prospectus (and any supplement thereto).

Full information on Leverage Shares Public Limited Company (the "Issuer") and the offer of the ETP Securities is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus (together with any supplement thereto) is available on the website of the Issuer at https://leverageshares.com/?page_id=16700. A summary of the ETP Securities to which these Final Terms relate is included as an Annex hereto. Terms used in these Final Terms bear the same meaning as in the Base Prospectus.

The particulars in relation to this issue of ETP Securities are as follows:

1.	Series of ETP Securities to which these	Leverage Shares 3x Baidu ETP Securities
	Final Terms apply:
2.	Tranche:	62
3.	Number of ETP Securities to which these	30968
	Final Terms apply:
4.	Issue Date:	14 March 2025
5.	Series Issue Date:	15 June 2021
6.	Issue Price:	USD 6.1402 per ETP Security
7.	Principal Amount:	USD 5.00per ETP Security
8.	Maximum number of ETP Securities of this	1,000,000,000
	Series which may be issued:
9.	Minimum transferable number of ETP	One
	Securities:
10.	Trading Method:	Unit
11.	Relevant Currency:	USD
12.	Final Redemption Date:	7 May 2071
13.	Denomination:	USD 5.00
14.	Investment Objective:	To track the Solactive Leveraged 3x BIDU
		Index
15.	Income Series	Not Applicable
16.	Exposure Type:	Leveraged Exposure
17.	Leverage Factor:	3x
18.	Rebalance Period:	Daily
19.	Exchange:	New York Stock Exchange

20.	Related Exchange:	All Exchanges
21.	Multiple Exchange:	Not Applicable
22.	Reference Asset:	The Reference Asset in respect of the
			ETP Securities is the following: Baidu, Inc.
			ADR
23.	Severe Disruption Event:	Not Applicable
24.	Condition 20 (Interest Amounts):	Not Applicable
	(i)	Interest Payment Dates:
25.	Form of ETP Securities:	Registered Notes: Global Note registered
			in the name of a nominee for a common
			depositary for Euroclear and Clearstream,
			Luxembourg.
			NGN Form: no
26.	Portfolio Administrator:	GWM Limited
27.	Issuing and Paying Agent:	Elavon Financial Services DAC
28.	Registrar:	Elavon Financial Services DAC
29.	Portfolio Administration Agreement:	GWM Portfolio Administration Agreement
30.	Terms and Conditions which apply to this	Terms and Conditions Version 7
	Series:
31.	Authorised Participant	BNP Paribas Arbitrage S.N.C.
32.	Agency Agreement:	Elavon Agency Agreement
33.	Operating Procedures Agreement:	LS Operating Procedures Agreement

The Issuer accepts the responsibility for the information contained in these Final Terms. Information in respect of the Reference Assets, the Solactive Leveraged 3x BIDU Index and Solactive AG has been extracted from the website of the issuer of the Reference Assets (https://www.baidu.com/), the website of New York Stock Exchange (www.nyse.com) and the website of the sponsor of the Index (http://www.solactive.com). The Issuer confirms that such additional information has been accurately reproduced and that, so far as it is aware and is able to ascertain from information published by the issuer of the Reference Assets, New York Stock Exchange and Solactive AG no facts have been omitted which would render the reproduced information inaccurate or misleading.

PART B - OTHER INFORMATION

1. Listing and admission to trading: Application has been made to the Financial Conduct Authority ("FCA") for the ETP Securities to which these Final Terms apply to be admitted to the Official List of the FCA. Application has been made to the London Stock Exchange for the ETP Securities to which these Final Terms apply to be admitted to trading on the Main Market of the London Stock Exchange.

2. Interests of natural and legal persons involved in the issue

So far as the Issuer is aware, no person involved in the offer of the ETP Securities has an interest material to the offer.

Names and addresses of additional Paying Not applicable

Agent(s) (if any):

3. Distribution
Non-exempt Offer:	An offer of the ETP Securities may be made by the
	Authorised Offerors specified in Paragraph 8 of Part B
	below other than pursuant to Article 1 of the UK
	Prospectus Regulation in the United Kingdom.
Additional Selling Restrictions:	Not Applicable

4. Information about the past and the further performance of an Index and its volatility

Information about the past and further Solactive AG

Name	and	address	of	financial	BNP Paribas Arbitrage S.N.C. and each Authorised
intermediary/ies authorised to use the Base	Participant expressly named as an Authorised Offeror on
Prospectus, as completed by these Final	the Issuer's website (www.leverageshares.com)
Terms (the "Authorised Offerors"):
Prohibition of Sales to UK Retail Investors:	Not applicable

8. Intended to be held in a manner which No. Whilst the designation is specified as "No" at

would allow Eurosystem eligibility:the date of these Final Terms, should the Eurosystem eligibility criteria be amended in the future such that the Notes are capable of meeting them the Notes may then be deposited with one of the ICSDs as common safekeeper and registered in the name of a nominee of one of the ICSDs acting as common safekeeper. Note that this does not necessarily mean that the Notes will then be recognised as eligible collateral for Eurosystem monetary policy and intra day credit operations by the Eurosystem at any time during their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.

ANNEX 1 - ISSUE SPECIFIC SUMMARY

• Introduction and Warnings

This summary should be read as an introduction to the base prospectus of Leverage Shares plc as approved by the Central Bank of Ireland (the "Base Prospectus" and "the Issuer"). Any decision to invest in the ETP Securities (as defined below) should be based on consideration of the Base Prospectus as a whole by the investor. AN INVESTOR MAY LOSE THE VALUE OF ITS ENTIRE INVESTMENT OR PART OF IT. Where a claim relating to the information contained in the Base Prospectus is brought before a court, the plaintiff investor might, under the national legislation of the Member States, have to bear the costs of translating the Base Prospectus before the legal proceedings are initiated. Civil liability attaches only to those persons who have tabled the summary including any translation thereof, but only if the summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus or it does not provide, when read together with the other parts of the Base Prospectus, key information in order to aid investors when considering whether to invest in the ETP Securities.

Issuer:Leverage Shares Plc, 2nd Floor, Block 5, Irish Life Centre, Abbey Street Lower, Dublin 1, D01 P767, Ireland.

Website: https://leverageshares.com

Telephone: +353 1 2240300

LEI: 635400TLFJSNHVSOFH59

Competent Authority: Financial Conduct Authority, 12 Endeavour Square, London E20 1JN Website: https://fca.org.uk

Telephone: +44 207 066 1000

Date of approval of the Base Prospectus: 17 July 2024.

Issue Specific Summary:

Securities: Series: Leverage Shares 3x Baidu ETP Securities, ISIN: XS2757381749

• Key Information on the Issuer

Who is the Issuer of the Securities?

The Issuer is Leverage Shares PLC, a public limited company domiciled in Ireland and incorporated under the Companies Act 2014 of Ireland with registered number 597399. The Issuer operates under the laws of Ireland. The Issuer's LEI number is 635400TLFJSNHVSOFH59.

The Issuer's described principal activity is the issuance of and performance of its obligations under collateralised exchange traded securities (the "ETP Securities"). The Issuer has established a programme (the "Programme"), described in the Base Prospectus, under which series of ETP Securities (each a "Series") may be issued from time to time.

All the issued shares of the Issuer are directly or indirectly held by Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and registered number 345558 (the " Share Trustee") under the terms of a declaration of trust dated 20 June 2017 pursuant to which the Share Trustee holds the benefit of the shares on trust for charitable purposes. The Issuer is neither directly nor indirectly owned or controlled by any other party to the Programme.

The Directors of the Issuer are Neil Fleming and Ciarán Connolly.

The auditors of the Issuer are Grant Thornton, 18 City Quay, Dublin 2, Ireland, who are chartered accountants qualified to practice in Ireland and members of the Institute of Chartered Accountants in Ireland.

Issue Specific Summary:

The Issuer has appointed the following service providers in respect of the ETP Securities:

• Apex Corporate Trustees (UK) Limited will act as trustee (the "Trustee");
• GWM Limited will act as portfolio administrator (the "Portfolio Administrator");
• Interactive Brokers LLC and/or Morgan Stanley & Co. LLC and/or Pershing LLC will act as margin loan provider (the "Margin Loan Provider(s)");
• Leverage Shares Management Company Limited will act as the arranger;
• Elavon Financial Services DAC will act as issuing and paying agent;
• Elavon Financial Services DAC will act as registrar;
• Calculation Agent Services LLC will act as determination agent;
• GWM Limited will act as broker dealer of record;
• BNP Paribas Arbitrage S.N.C.is the authorised participant.

What is the key financial information regarding the Issuer?

Statement of Comprehensive income of Leverage Shares plc for the financial period

	1-Jul-23	1-Jul-22
	To	To
	30-Jun-2024	30-Jun-2023
	USD - Audited	USD - Audited
Net profit/(loss)	4,935	25,459
Statement of financial position of Leverage Shares plc for the financial period ended
	30-Jun-2024	30-Jun-2023
	USD - Audited	USD - Audited
Total Assets	2,046,580,088	1,524,922,046
Total Liabilities	2,046,593,092	1,524,939,985
Financial Assets designated at fair	1,935,575,783	1,413,012,880
value through profit or loss
Derivative financial assets	0	0
Financial liabilities designated at fair	790,712,170	597,297,376
value through profit or loss
Derivative financial liabilities	0	0

What are the key risks that are specific to the Issuer?

The Issuer is a special purpose vehicle: The Issuer is a special purpose vehicle with the sole business of issuing ETP Securities. The Issuer's only funds to make payments in respect of a Series of ETP Securities are the amounts received by the Issuer from the realisation of the Collateral Assets (as defined below). For each Series, the Issuer will create security over the Collateral Assets in respect of that Series for the benefit of, amongst others, the ETP Securityholders of that Series. In the event that the security created by the Issuer is enforced, and the proceeds of such enforcement are, after making payment to all senior ranking creditors, insufficient to pay all amounts due to such ETP Securityholders in full, the Issuer shall have no liability, obligation or debt for any shortfall in payment and none of the ETP Securityholders or the Trustee (or any other party acting on their behalf) may take any further action to recover such amounts.

Claims of the Margin Loan Provider: Investors should be aware that the agreements entered into between the Issuer and the Margin Loan Providers (the "LS Margin Account Agreements") do not contain limited recourse provisions with respect to the obligations of the Issuer.

There is a risk therefore that, in respect of a claim against the Issuer by a Margin Loan Provider in relation to an LS Margin Account Agreement, if following realisation in full of the Secured Property (whether by way of liquidation or enforcement) in respect of a Series of ETP Securities and application of available cash in accordance with the applicable orders of priority and the Trust Deed, a claim remains outstanding against the Issuer, such claim may be made against assets attributable to other outstanding Series of ETP Securities on a pro rata basis. GWM Limited, who may act as the broker dealer of record with respect to certain Series of ETP Securities (the "Broker Dealer of Record") however, has agreed to indemnify the Issuer against any loss, cost, claim, action, demand or expense which the Issuer may incur as a result of any such claims by the Margin Loan Provider.

• Key Information on the Securities

What are the main features of the Securities?

Each Series of ETP Securities will either be linked to an index (the "Index") or will pursue an investment strategy which will describe the manner in which the proceeds of the issuance of the ETP Securities will be invested along with any leverage to be employed in respect of such investment strategy (the "Investment Strategy"). The Index or Investment Strategy will reference one or more assets (the "Reference Assets") which can consist of (i) equity securities, (ii) debt securities, (iii) fixed income securities, (iv) units in exchange traded funds; (v) mutual funds (items (i) to (v), ("Physical Assets") or (vi) futures contracts and (vii) options contracts.

Series of ETP Securities can offer leveraged long exposure ("Leveraged Exposures"), short inversed leveraged exposure ("Short Exposures") or +1x exposure ("Normal Exposures") to the Reference Assets. With respect to Series of ETP Securities offering Leveraged Exposures and Short Exposures, the degree of leverage or inversed leverage will be embedded in either (i) the Index or Investment Strategy; or (ii) directly in the ETP Securities. The degree of leverage which will apply for each Series of ETP Securities will be reflected in the applicable leverage factor (the "Leverage Factor"). Series of ETP Securities may also be issued which have the objective of generating income to fund periodic interest payments (the "Income Series"). The Investment Strategy of an Income Series may also provide for a Leveraged Exposure to the relevant Reference Assets, details of which will be included in the description of the Investment Strategy.

The underlying assets in respect of each Series of ETP Securities are:

• in the case of Leveraged Exposures and Normal Exposures where the Reference Assets are Physical Assets: the Reference Assets of the applicable Index or Investment Strategy for such Series of ETP Securities; Ancillary Assets (as defined below); and any cash;
• in the case of Short Exposures where the Reference Assets are Physical Assets: the mark to market value of securities loans; the Ancillary Assets; and any cash;
• in the case of ETP Securities where the Reference Assets are futures contracts: the mark to market value of the futures contracts; the Ancillary Assets; and any cash;
• in the case of Income Series where the Reference Assets are options contracts: the mark to market value of the options contracts; any underlying assets of the options contracts acquired by the Issuer to (i) cover its exposure under the options in accordance with the Investment Strategy or (ii) as a result of the options contracts being physically settled; Ancillary Assets; and any cash;
• in the case of Income Series offering Leveraged Exposures where the Reference Assets are Physical Assets: the Reference Assets of the Investment Strategy for such Series of ETP Securities; Ancillary Assets; and any cash,