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Citigroup Announces the Acceleration of Ten Series of ETNs

Published: 2020-10-19 11:59:00 ET

NEW YORK--(BUSINESS WIRE)-- Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”).

ETN Name

Exchange

ETN Ticker

CUSIP

Underlying Index

VelocityShares Daily 4X Long USD vs. JPY Index ETN

NYSE Arca

DJPY

17326E654

VelocityShares Daily 4X Long USD vs. JPY Index

VelocityShares Daily 4X Long USD vs. EUR Index ETN

NYSE Arca

DEUR

17326E571

VelocityShares Daily 4X Long USD vs. EUR Index

VelocityShares Daily 4X Long USD vs. GBP Index ETN

NYSE Arca

DGBP

17326E464

VelocityShares Daily 4X Long USD vs. GBP Index

VelocityShares Daily 4X Long USD vs. CHF Index ETN

NYSE Arca

DCHF

17326E704

VelocityShares Daily 4X Long USD vs. CHF Index

VelocityShares Daily 4X Long USD vs AUD Index ETN

NYSE Arca

DAUD

17326E605

VelocityShares Daily 4X Long USD vs. AUD Index

VelocityShares Daily 4X Long JPY vs. USD Index ETN

NYSE Arca

UJPY

17326E662

VelocityShares Daily 4X Long JPY vs. USD Index

VelocityShares Daily 4X Long EUR vs. USD Index ETN

NYSE Arca

UEUR

17326E480

VelocityShares Daily 4X Long EUR vs. USD Index

VelocityShares Daily 4X Long GBP vs. USD Index ETN

NYSE Arca

UGBP

17326E159

VelocityShares Daily 4X Long GBP vs. USD Index

VelocityShares Daily 4X Long CHF vs. USD Index ETN

NYSE Arca

UCHF

17326E233

VelocityShares Daily 4X Long CHF vs. USD Index

VelocityShares Daily 4X Long AUD vs. USD Index ETN

NYSE Arca

UAUD

17326E647

VelocityShares Daily 4X Long AUD vs. USD Index

Holders of the ETNs will receive a cash payment per ETN in an amount (the “Optional Acceleration Redemption Amount”) equal to the fixing indicative value of the respective series of ETNs on the Optional Acceleration Valuation Date. The Optional Acceleration Valuation Date is expected to be October 30, 2020. The Optional Acceleration Redemption Amount is expected to be paid to investors on November 4, 2020. More information on the manner in which the Optional Acceleration Redemption Amount will be calculated, including the circumstances in which the Optional Acceleration Valuation Date may be postponed, and on the circumstances in which the ETNs may be automatically accelerated prior to the Optional Acceleration Valuation Date is available in the pricing supplement for the ETNs, which is available at the following hyperlink:

https://www.sec.gov/Archives/edgar/data/0000200245/000095010320007085/dp125692_424b3-velocity.htm

The last day of trading for the ETNs is expected to be October 30, 2020.

Currently, holders of any series of ETNs who wish to exercise their early redemption right are generally required to redeem a minimum number of ETNs of the same series and may be subject to an early redemption charge. After the close of trading on October 19, 2020, CGMHI will irrevocably waive the required minimum redemption amount and the early redemption charge for the ETNs.

None of the other exchange-traded notes issued by CGMHI are affected by this announcement.

© 2020 Citigroup Inc. Member SIPC. All rights reserved. Citi and Citi and Arc Design are trademarks and service mark of Citigroup Inc. or its affiliates and are used and registered throughout the world.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201019005071/en/

Scott Helfman +1 212-816-9241

Source: Citigroup Global Markets Holdings Inc.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.