ProShares S&P 500 Autocallable Income ETF (ACSP)

The ProShares S&P 500 Autocallable Income ETF is an income-oriented fund from ProShares. It seeks to provide income through exposure to autocallable structures linked to the S&P 500 Index, the benchmark of large U.S. companies.

An autocallable pays a coupon as long as the S&P 500 remains 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 ends below the barrier at maturity, the position absorbs losses linked to the decline. The fund replicates these payoffs using derivatives and keeps a ladder of exposures with staggered start dates.

The ETF trades on the Nasdaq under the ticker ACSP.