Key information

🔎 Fund Overview

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. The ETNs are complex securities and are not suitable for all investors. They are intended only for sophisticated investors who understand the potential consequences of seeking inverse or leveraged investment results, as applicable. The ETNs are intended to be short-term trading tools to manage short-term trading risks. They are designed to approximate their stated investment objectives on a daily or short-term basis, and their performance over longer periods of time can differ significantly from their stated objectives. Investors should actively and frequently monitor their investments in the ETNs, even intra-day. The ETNs are fully exposed to an increase or decline in the level of the applicable Index and investors may lose all or a significant portion of their investment in the ETNs.