-3x Short MSFT | Code: USHW

Exchange Trading Name: MSFT 3xShortSG261006
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This DLC is going to expire on 06/10/2026. If you hold a DLC until expiry, the DLC will be settled at its fair intrinsic value determined on Valuation Date, which is usually one business day before Expiry Date. Please note the Last Trading Date of this DLC is 29/09/2026. You will not be able to trade this DLC after Last Trading Date. Expiry settlement will be made no later than 5 business days after Expiry Date. Societe Generale does not charge any expiry processing fee. You may refer to the Termsheet and Supplementary Listing Document for the exact dates and other details. For expiry settlement illustration please refer to here for more detail.

If you want to continue to express the same view on this Underlying Asset, you may consider USXW
SGD
1.685
+0.005 (+0.30%)
Bid
1.685
Ask
1.690
  • Open
    1.710
  • High
    1.745
  • Intrinsic Close
    1.728
  • Low
    1.670
  • Traded Value
    -
  • Volume
    -
Last Update: 24/07/2026 17:00
Underlying Reference Close
  • MSFT
  • 381.70
    +0.12 (+0.03%)
Air Bag Trigger Level
458.04
+1.07%
+16%
+20%
Last Update: 24/07/2026 (Eastern Standard Time)
Last Update:
USHW    MSFT

Performance (%)

  Day Before 1 week 1 month 6 months Year-To-Date
USHW +6.64% +14.72% -13.15% +18.90% +20.30%
Last Update: 23/07/2026

Product Terms

  • Exchange Code
    USHW
  • Type
    Daily Short
  • ISIN
    LU2517562281
  • Guarantor
    SG
  • Underlying Asset
    Microsoft Corp (MSFT)
  • Leverage Factor
    -3x
  • Issuer
    SG Issuer
  • Issued Qty
    2,700,000
  • Exchange-traded
    SGX Stock Exchange
  • DLC Trading Currency
    SGD
  • Listing Date
    08/10/2024
  • Underlying Currency
    USD
  • Last Trading Date
    29/09/2026
  • Air Bag Trigger Level
    20%
  • Expiry Date
    06/10/2026
  • Management Fee
    0.4% p.a.
  • Gap Premium
    11.5% p.a.

Trading Data

  • Sensitivity
    0.376
  • % Spread
    0.30%
  • Outstanding Qty / (%)
    1,800 (0.07%)
  • Outstanding Change
    -

Overnight Cost

  • Daily Cost / (%)
    -0.001203 (-0.07%)

Legal Documents

Daily Leverage Certificates

US Stock DLCs: What are the benefits and how does it work?