Company: EUO
Filing Date: 2025-02-13
Form Type: S-3
Source: 0001193125-25-026203
Chunk: 15

Company: ProShares Trust II
Filing Date: 2025-02-13
Form: S-3
Chunk 15
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 “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 ,” beginning on page 66 , for more detailed tables showing Breakeven Amounts.

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| Fund Name                                | Breakeven Amount(% Per Annum ofAverageDaily NAV)* | AssumedSellingPricePer Share* | Breakeven Amount($ for theAssumed SellingPrice Per Share)* |
| ProShares Ultra Bloomberg Crude Oil      | 0.00%                                             |                        $30.00 |                                                      $0.00 |
| ProShares UltraShort Bloomberg Crude Oil | 0.00%                                             |                        $15.00 |                                                      $0.00 |
| ProShares Ultra Gold                     | 0.00%                                             |                       $105.00 |                                                      $0.00 |
| ProShares Ultra Silver                   | 0.00%                                             |                        $40.00 |                                                      $0.00 |

* The breakeven analysis set forth in this table assumes that the Shares have a constant NAV equal to the amount shown