The table below summarizes the splits.
ETN Title
Ticker Symbol
Split Ratio
Split Factor
CUSIP
MicroSectorsTM FANG & Innovation 3× Leveraged ETNs due June 28, 2041
BULZ
10-for-1
10
063679559
MicroSectorsTM Gold 3× Leveraged ETNs due January 29, 2043
SHNY
10-for-1
10
063679526
MAX S&P 500® 4× Leveraged ETNs due November 30, 2043
SPYU
2-for-1
2
063679567
The closing Indicative Note Value of each series of ETNs on February 23, 2026 (the "Pay Date") will be divided by the applicable Split Factor to determine the split-adjusted closing Indicative Note Value of such ETNs. The number of ETNs outstanding at the close of trading on the Pay Date correspondingly will be multiplied by the applicable Split Factor to determine the adjusted number of ETNs outstanding as of the Ex-Date. The holders of the ETNs as of February 20, 2026 (the "Record Date") will see this change reflected on the Pay Date. The split will be effective at the open on the Ex-Date, and the ETNs will begin trading on the NYSE Arca on a split-adjusted basis on that date.
Following the split, each series of ETNs will have the same CUSIP and will continue to trade under its current ticker symbol.
Each split will affect the trading denominations of the applicable series of ETNs, but will not have any effect on the aggregate principal amount of such ETNs.
Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the applicable ETN Prospectus (as defined below).
Illustration of a Split
The following table shows the effect of a hypothetical 10-for-1 split based on a hypothetical number of ETNs held and a hypothetical closing Indicative Note Value for the ETNs. The closing Indicative Note Value of an ETN is not the same as the trading price of such ETN.
Number of ETNs Held
