VelocityShares® designs exchange-traded products to be issued by well-known financial institutions. Our focus is to create unique instruments that will assist professional traders in managing their market views, risk, or desired exposures.
VelocityShares exchange-traded notes (“ETNs”) are senior, unsecured debt securities issued by financial institutions that provide traders with sophisticated tools for executing their trading strategies. The ETNs provide investors with exposure to the performance of an index minus an investor fee and, in some cases, other applicable fees as described in the relevant prospectus. The ETNs will trade on an exchange and can be sold short.
VelocityShares ETNs’ primary listing is on either NYSE Arca or NASDAQ, but they may trade on other U.S. stock exchanges.
The yearly fee for each product is described in the relevant prospectus.
Roll yield (cost) is a profit (loss) that can be generated when investing in the futures market, due to the price difference between futures contracts with different expiration dates.
Each VelocityShares ETN is linked to an index as described in the pricing supplement. Some of the indices are created, maintained, and published by Janus Index and Calculation Services, a division of Janus Capital, while others are licensed from third party index providers.
VelocityShares and its affiliates may calculate and publish certain information related to the indices and the ETNs. In the event of a market disruption or force majeure event affecting VelocityShares or the components of any index, there is a risk VelocityShares, may be unable to perform its duties. The consequences of such an event are described in the prospectus for each ETN.
The ETNs are listed on either NYSE Arca or NASDAQ and may be bought and sold on one or more U.S. stock exchanges. Secondary market transactions settle regular way, T+3. Subject to certain restrictions, holders of the ETNs may choose to redeem their ETNs with the relevant issuer prior to maturity. Restrictions and instructions for early redemptions of the ETNs are set forth in the relevant prospectus.