Citigroup lifts cap on VelocityShares 3x Long Crude Oil ETNs

By Sarah Lizee

Olympia, Wash., Feb. 14 – Citigroup Global Markets Holdings Inc. amended the maximum amount of its 0% VelocityShares 3x Long Crude Oil ETNs due Dec. 15, 2031 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B3 filing with the Securities and Exchange Commission.

The maximum amount is now $2.5 billion, increased from the $1.6 billion registered in December 2016. The maximum amount corresponds to 100 million ETNs with a principal amount of $25.00 each.

As of Feb. 5, there were issued and outstanding $1,381,750,000 of the ETNs held by the public and $163.15 million of the notes held in inventory.

The notes (NYSE Arca: UWT, Cusip: 17325E291) are guaranteed by Citigroup Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.