MicroSectors 3× Long Taiwan Etns
TAWN
Chicago Board Options Exchange- -
USD
- -
- -
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 320 S. Canal Street (US HQ; parent bank HQ Montreal/Toronto, Canada) Chicago IL United States of America 60606
- IPO Date
- Aug 20, 2026
- Similar Companies
- Business
- MicroSectors 3× Long Taiwan ETNs is a U.S.-listed exchange traded note product issued by Bank of Montreal that seeks to provide three times leveraged long exposure to the daily share price performance of the iShares MSCI Taiwan ETF through the VettaFi Taiwan Equity Fund-Tracking Index; the notes are designed for short-term trading, reset daily, and are not intended to track cumulative performance over periods longer than one day. The product, ticker TAWN, is listed on Cboe BZX, has an intraday indicative value ticker of TAWNIV, a principal amount of $25 per note, an issue date of August 21, 2026, and a maturity date of July 31, 2046. MicroSectors Taiwan ETNs is part of BMO’s leveraged ETN platform developed with REX Shares, with the Taiwan lineup also including the inverse -3× short Taiwan ETN; the notes reference large- and mid-cap Taiwanese equities via the iShares MSCI Taiwan ETF and are positioned as sophisticated-investor trading tools rather than buy-and-hold investments. The latest major company change is the launch of the MicroSectors 3× Long and -3× Short Brazil, Japan and Taiwan ETNs announced by Bank of Montreal and REX Shares on August 19, 2026, with TAWN starting trading the following day as part of that broader product rollout.