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(DWT) VelocityShares 3x Inverse Crude Oil ETN

VelocityShares 3x Inverse Crude Oil ETN is an exchange-traded note issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc. The Note will provide investors with a cash payment at the scheduled maturity or early redemption or acceleration based inversely on the performance of the underlying index, S&P GSCI Crude Oil Index ER. Investors should exercise caution in trading the ETNs between 2:30 p.m. and 4:00 p.m., New York City time. During this time period, due to delays in the publication of the closing level of the underlying index (which is based on futures trading as of 2:30 p.m. but is not published until after 4:00 p.m.), there is expected to be uncertainty about the intrinsic value of the ETNs. The published Intraday Indicative Value will not be based on fully up-to-date information (which will not be available) during this time period, and trading prices during this time period are likely to diverge from the published Intraday Indicative Value. For more information, please refer to the pricing supplement for the ETNs.
Product Data (02/27/2017)
Closing Indicative Value $22.18    
ETNs Outstanding 5,250,000    
Market Capitalization $116,445,000    
Market Data (02/27/2017)
Closing Price $22.14   High $22.25
Net Change $-0.04   Low $21.60
%Change -0.19   Volume 2,405,940
      20-Day Volume Average 3,557,629
Profile Data
Primary Exchange NYSE Arca   Issuer Citigroup Global Markets Holdings
Ticker DWT Equity   CUSIP 17325E309
Intraday Indicative Value Ticker DWTIV   Inception Date 12/08/2016
Index Weight (02/27/2017)
 

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Risk Disclosures Regarding the ETNs

Important information about the VelocityShares® ETNs is contained within the current prospectuses or supplements. For more complete information regarding the VelocityShares® ETNs, download a prospectus from this site, call 1-877-5-VELOCITY or 1-203-992-4301, or write to Prospectus Inquiry, VelocityShares LLC, 17 Old Kings Highway S, Darien, CT, 06820 to request a prospectus. You should read the prospectus carefully before making an investment decision.

An investment in the ETNs involves significant risks. Please read the more detailed explanation of risks relating to an investment in the ETNs in “Risk Factors” in the applicable pricing supplement.

The ETNs are intended to be daily trading tools for sophisticated investors to manage daily trading risks. They are designed to achieve their stated investment objectives on a daily basis, and but their performance over different periods of time can differ significantly from their stated daily objectives. The ETNs are riskier than securities that have intermediate- or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day. Any decision to hold the ETNs for more than one day should be made with great care and only as the result of a series of daily (or more frequent) investment decisions to remain invested in the ETNs for the next one-day period. Accordingly, the ETNs should be purchased only by knowledgeable investors who understand the potential consequences of an investment linked to the underlying index and of seeking daily compounding leveraged long or leveraged inverse investment results, as applicable. Investors should actively and frequently monitor their investments in the ETNs, even intra-day. If an investor holds the ETNs for more than one day, it is possible that the investor will suffer significant losses in the ETNs even if the performance of the underlying index over the time the investor holds them is positive, in the case of the leveraged long ETNs, or negative, in the case of the leveraged inverse ETNs.

The crude oil futures underlying the underlying index have historically been highly volatile. Because the ETNs are linked to the daily performance of the applicable underlying index and include either leveraged long or leveraged inverse exposure, adverse changes in the market price of the futures included in the underlying index will have a magnified adverse effect on the ETNs and a greater likelihood of causing such ETNs to be worth zero than if such ETNs were not linked to the leveraged inverse or leveraged long return of the applicable underlying Index.

The ETNs do not guarantee any return of principal at maturity, acceleration or redemption and do not pay any interest during their term.

Although the issuer intends to list or has listed the ETNs on NYSE Arca or NASDAQ, a trading market for your ETNs may not develop. The issuer is not required to maintain any listing of the ETNs on NYSE Arca or any other exchange. The issuer of the ETNs may delist the ETNs from any exchange for any reason at any time.

The issuer is not obligated to issue any particular amount of the ETNs and may suspend further issuances at any time. If the issuer suspends further issuances of the ETNs, it is possible that the ETNs could begin to trade at a premium to the indicative value. Any premium that develops may be reduced or eliminated at any time, including as a result of an announcement that the issuer will restart issuances or an announcement that the issuer will exercise its right to accelerate the ETNs for an amount based on the indicative value. Paying a premium purchase price over the indicative value of the ETNs could lead to significant losses in the event the investor sells the ETNs at a time when such premium is no longer present in the marketplace or the ETNs are accelerated at the issuer’s option.

The trading price of the ETNs may vary considerably over time due, among other factors, to fluctuations in the price or the volatility of the underlying index, and other events that are difficult to predict. At higher levels of volatility, and since the ETNs are not principal protected, there is a significant chance of a complete loss of ETN value even if the performance of the underlying index is flat.

The daily resetting of each ETN’s leveraged exposure to the underlying index is likely to cause each ETN to experience a “decay” effect, which is likely to worsen over time and will be greater the more volatile the underlying index. The “decay” effect refers to a likely tendency of the ETNs to lose value over time independent of the performance of the underlying index. Accordingly, the ETNs are not suitable for intermediate- or long-term investment, as any intermediate- or long-term investment is very likely to sustain significant losses, even if the underlying index appreciates (in the case of the leveraged long ETNs) or depreciates (in the case of the leveraged inverse ETNs) over the relevant time period. Although the decay effect is more likely to manifest itself the longer the ETNs are held, the decay effect can have a significant impact on ETN performance even over a period as short as two days.

If the level of the underlying index decreases or does not increase sufficiently (or if it increases or does not decrease sufficiently in the case of the inverse ETNs), to offset the effect of the Daily Investor Fee over the term of the ETNs, the investor will receive less than the amount invested upon sale, early redemption, acceleration or maturity of the ETNs.

Prior to maturity, you may, subject to certain restrictions described in the pricing supplement, offer the applicable minimum number of your ETNs to the issuer for redemption on an Early Redemption Date (as defined in the prospectus). You must offer for redemption at least the applicable minimum number of ETNs (25’000) as set forth in the pricing supplement, or an integral multiple of such amount in excess thereof, at one time in order to exercise your right to cause the issuer to redeem your ETNs on any Early Redemption Date. In addition, the issuer may charge investors a redemption charge of a percentage of the Closing Indicative Value of any ETN that is redeemed at the investor’s option, at a rate as indicated in the applicable pricing supplement. Please see the applicable pricing supplement for fees or charges relating to the ETNs.

All payments on the ETNs are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. You may not receive any payment due under the ETNs if Citigroup Global Markets Holdings Inc. and Citigroup Inc. default on their obligations.

The ETNs are not deposits or savings accounts, but are unsecured debt obligations of Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. The ETNs are not insured or guaranteed by the Federal Deposit Insurance Corporation or by any other governmental agency or instrumentality.

INVESTMENT PRODUCTS:   NOT FDIC INSURED  NO BANK GUARANTEE  MAY LOSE VALUE

Securities are offered through Citigroup Global Markets Inc. (“CGMI”), member SIPC. CGMI and Citibank, N.A. are affiliated companies under the common control of Citigroup Inc. CITI, CITI and Arc Design, and CITIGROUP are trademarks and service marks of Citigroup and are used and registered throughout the world.

The risks listed above are not exhaustive. Investors should review the prospectus or offering document for any security, financial instrument or product and make their own investment decisions based on their specific investment objectives and financial position and after consulting independent tax, accounting, legal and financial advisors. The information contained herein (including historical prices or values) has been obtained from sources that Janus Index and Calculation Services LLC and Janus Distributors LLC (together, “VelocityShares®”) considers to be reliable; however, VelocityShares® does not make any representation as to, or accepts any responsibility or liability for, the accuracy or completeness of the information contained herein.

VelocityShares® is a trade name used by Janus Distributors LLC, a registered U.S. broker-dealer, in connection with the services and products described herein.

“VelocityShares®” and the VelocityShares® logo are trademarks of Janus International Holding LLC.

Securities Products: Are Not FDIC Insured * Are Not Bank Guaranteed * May Lose Value

This site is for informational purposes only. Nothing herein constitutes a solicitation, offer or recommendation by VelocityShares® or its affiliates to buy or sell securities. VelocityShares® does not render investment, tax, accounting or legal advice. The securities discussed herein may not be suitable for all investors and should only be used by knowledgeable investors who understand the potential consequences of seeking inverse or leveraged investment results. Investors should actively monitor their investments in the securities. Investors should review the prospectus for each security and make their own investment decisions based on their specific investment objectives and financial position and after consulting independent tax, accounting, legal and financial advisors. VelocityShares® will receive a fee from the issuers of the products discussed on this site based on the quantity of products outstanding.

Past performance does not predict future performance. The value of the securities may decrease and investors may lose some or all of their investment.

Janus Distributors LLC, a registered broker-dealer, will only transact business in states in which it is registered, unless it is otherwise excluded or exempted from being registered in such state.

Please see “VelocityShares Terms of Use” for additional information regarding use of this website.

“Bloomberg” and “Bloomberg Professional” are trademarks and service marks of Bloomberg Finance L.P., a Delaware limited partnership, or its subsidiaries. All rights reserved.

“Standard & Poor’s®”, “S&P GSCI® Crude Oil Index” and “S&P®”, are trademarks of Standard & Poor’s Financial Services LLC (“S&P”). The ETNs are not sponsored, endorsed, sold or promoted by S&P or CBOE and S&P and CBOE make no representation regarding the advisability of investing in the ETNs. The S&P GSCI index and the S&P GSCI sub-indices are not owned, endorsed, or approved by or associated with Goldman Sachs & Co. or its affiliated companies.

Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed a registration statement (including a pricing supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission (”SEC”) for the ETNs. Before you invest, you should read the pricing supplement dated December 8, 2016, the accompanying prospectus supplement and prospectus and the documents incorporated by reference into the registration statement to understand fully the terms of the ETNs and other considerations that are important in making a decision about investing in the ETNs. The pricing supplement for the ETNs may be obtained by clicking here. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request these documents without cost by calling toll-free 1-877-5-VELOCITY or 1-203-992-4301.