CH:SDEFN ETF Price & Analysis

Leonteq Securities AG Exchange Traded Product (ticker CH:SDEFN) is a sector-focused exchange-traded product designed to give investors targeted exposure to the Aerospace & Defense niche within the Industrials sector. Listed in Switzerland and issued by Leonteq, the product is structured to deliver a specified entitlement — a payoff or return — that is determined according to predefined contractual conditions tied to the performance of the product’s underlying reference (for example an index, basket or rule-based strategy focused on aerospace & defense names). The instrument’s labelling as “2025‑open end” identifies its issuance framework and maturity/continuation characteristics as set out in the prospectus; investors should consult the official documentation for exact term and redemption mechanics. This ETP is intended for investors seeking concentrated thematic exposure to companies involved in aircraft manufacturing, defense contractors, avionics, space systems and related suppliers — segments that typically benefit from defense budgets, commercial aviation cycles, and technological modernization in aerospace. Because the product is sector- and niche-focused, it offers a way to express a directional or thematic view on aerospace & defense trends without buying a broad-market fund, but it does so with the higher concentration and idiosyncratic risk that comes with narrow thematic strategies. Key considerations: as a structured exchange-traded product, returns are governed by the predefined payoff formula and contractual terms (including any caps, floors, coupons, participation rates, fees or conditional triggers). Sector concentration means performance may be driven by geopolitical developments, government procurement decisions, defense spending cycles, commercial aviation demand, supply-chain disruptions, commodity and input-cost swings, and regulatory or export-control actions. Investors should be aware of issuer credit risk and the specific liquidity profile of the ETP when planning allocation and trading. Potential uses include tactical thematic exposure to aerospace & defense, complementing broader industrials or equity allocations, or implementing views on defense spending and aviation recovery. The product is best suited for investors who understand structured-payoff instruments and are comfortable with the specific risks and contractual features laid out in the prospectus. For full details on payoff mechanics, fees, collateral and operational terms, consult the product documentation and Leonteq’s investor materials before investing.