Direxion Files Three Nasdaq-100 Autocallable Strategy ETFs

Direxion has filed for three ETFs using laddered portfolios of up to 52 synthetic Nasdaq-100 autocallable notes. Two funds target high monthly income, while a third seeks long-term capital growth by reinvesting strategy income. Each index adds a new three-year autocallable position weekly, with payouts tied to the Nasdaq-100 reaching annual step-up levels and barriers designed to absorb some downside. Volatility controls can raise or reduce Nasdaq-100 exposure. The ETFs will primarily use total return swaps and Treasuries as collateral, with no guaranteed principal protection.