ProShares Nasdaq-100 Autocallable Income ETF (ACQQ)

The ProShares Nasdaq-100 Autocallable Income ETF is an income-oriented fund from ProShares. It seeks to provide income by gaining exposure to autocallable structures linked to the Nasdaq-100 Index, the benchmark of the largest non-financial companies listed on the Nasdaq.

An autocallable pays periodic coupons as long as the reference index stays above a protection barrier and is automatically called, returning principal, when the index is at or above a set level on an observation date. If the index finishes below the barrier at maturity, the position absorbs losses linked to the decline. The fund seeks to replicate these payoffs through derivatives and maintains a ladder of exposures with staggered start dates.

The ETF trades on the Nasdaq under the ticker ACQQ.