REX Files for Nasdaq Autocallable ETFs With Barrier and Buffer Structures

REX has filed for the REX Nasdaq Autocallable Income ETF and REX Nasdaq Defensive Autocallable Income ETF. Both would use swaps to access laddered synthetic autocallables linked to volatility-targeted Nasdaq-100 exposure, seeking conditional monthly income. The standard version uses a downside barrier, exposing contracts to losses from inception if breached at maturity. The Defensive version uses a buffer, with losses beyond that threshold multiplied by a gearing factor, and targets lower volatility. Staggered contract entry dates aim to reduce timing risk. Neither guarantees distributions or principal protection. Key terms, including coupon rates, protection levels and volatility targets, remain unspecified.