The objective of this product is to provide two times the value of the daily performance of Alphabet, Inc. stock. The ETP securities seek to track the NYSE Leveraged 2x GOOG Index (the Index) which provides exposure to two times the daily performance of Alphabet, Inc. stock (the Component Security). The ETP security exposure to the Component Security is managed to deliver two times the return (gain or loss) of the Component Security on a daily basis, net of fees and expenses.