Company: EUO
Filing Date: 2025-03-28
Form Type: 424B3
Source: 0001193125-25-065648
Chunk: 12

Company: ProShares Trust II
Filing Date: 2025-03-28
Form: 424B3
Chunk 12
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 effective until accepted by the Distributor and may be rejected or revoked. By placing a purchase order, an Authorized Participant agrees to deposit cash (unless as provided otherwise in this Prospectus) with The Bank of New York Mellon (“BNYM”, the “Custodian”, the “Transfer Agent” and the “Administrator”), acting in its capacity as custodian of the Funds. Creation and redemption transactions must be placed each day with SEI by the create/redeem cut-off time (stated below) to receive that day’s NAV. The Sponsor may require orders to be placed earlier if, for example, the Exchange or other exchange material to the valuation or operation of such Fund closes before such cut-off time. Because the primary trading session for the commodities and/or futures contracts underlying certain of the Funds have different closing (or fixing) times than U.S. Equity markets, the create/redeem cut-off time and NAV calculation time for each Fund may differ. See the section entitled “Net Asset Value” for additional information about the NAV calculations.

| Fund                                           | Create/Redeem Cut-off    | NAV                      
 Calculation Time         |
| ProShares Ultra Silver (AGQ)                   | 1:00 p.m. (Eastern Time) | 1:25 p.m. (Eastern Time) |
| ProShares Ultra Gold (UGL)                     | 1:00 p.m. (Eastern Time) | 1:30 p.m. (Eastern Time) |
| ProShares Ultra Bloomberg Crude Oil (UCO)      | 2:00 p.m. (Eastern Time) | 2:30 p.m. (Eastern Time) |
| ProShares UltraShort Bloomberg Crude Oil (SCO) | 2:00 p.m. (Eastern Time) | 2:30 p.m. (Eastern Time) |

Breakeven Amounts A Fund will be profitable only if returns from the Fund’s investments exceed its “breakeven amount.” Estimated breakeven amounts are set forth in the table below. The estimated breakeven amounts represent the estimated amount of trading income that each Fund would need to achieve during one year to offset the Fund’s estimated fees, costs and expenses, net of any interest income earned by the Fund on its investments. Estimated amounts do not represent actual results, which may be different. It is not possible to predict whether a Fund will break even at the end of the first twelve months of an investment or any other period. See “ Charges—Breakeven Table ,”