Natural Gas, Brent Crude Oil, Crude (WTI) Oil
Vital info in regards to the VelocityShares ETNs is contained within the current prospectuses. For extra full info relating to the VelocityShares ETNs, download a prospectus from this site, name 1-877-5-VELOCITY or 1-203-992-4301, or write to Prospectus Inquiry, VelocityShares, 17 Old Kings Freeway S, Darien, CT, 06820 to request a prospectus. You should learn the prospectus carefully earlier than making an funding determination.
Not all dangers described beneath will apply to all products. Please check with the relevant prospectus supplement for a detailed discussion of risks relevant to a specific ETN.
An investment within the ETNs entails significant dangers. Please learn the more detailed rationalization of dangers referring to an investment within the ETNs in “Risk Factors” in the applicable pricing supplement.
The ETNs are supposed to be day by day trading tools for subtle buyers to manage each day trading dangers. They are designed to attain their said investment goals on a daily basis, but their efficiency over totally different periods of time can differ significantly from their stated daily goals. The ETNs are riskier than securities that have intermediate- or lengthy-term investment aims, and is probably not suitable for investors who plan to hold them for a period apart from at some point. Any choice to carry the ETNs for greater than one day should be made with nice care and solely as the results of a collection of day by day (or extra frequent) investment decisions to stay invested within the ETNs for the following one-day period. Accordingly, the ETNs must be bought solely by educated buyers who perceive the potential consequences of an investment linked to the underlying index and of searching for each day compounding leveraged lengthy or leveraged inverse investment outcomes, as applicable. Investors ought to actively and often monitor their investments within the ETNs, even intra-day. If an investor holds the ETNs for greater than in the future, it is feasible that the investor will undergo important losses in the ETNs even if the efficiency of the underlying index over the time the investor holds them is constructive, within the case of the leveraged lengthy ETNs, or destructive, in the case of the leveraged inverse ETNs.
Because the ETNs are linked to the each day efficiency of the applicable underlying index and embrace either leveraged long or leveraged inverse exposure, antagonistic adjustments available in the market worth of the futures included within the underlying index may have a magnified antagonistic effect on the ETNs and a higher chance of causing such ETNs to be price zero than if such ETNs weren’t linked to the leveraged inverse or leveraged long return of the relevant underlying Index.
The ETNs don’t guarantee any return of principal at maturity, acceleration or redemption and do not pay any curiosity during their term.
Although the issuer intends to record or has listed the ETNs on NYSE Arca or NASDAQ, a buying and selling market to your ETNs might not develop. The issuer is just not required to keep up any listing of the ETNs on NYSE Arca or any other exchange. The issuer of the ETNs may delist the ETNs from any change for any motive at any time.
The issuer just isn’t obligated to issue any explicit quantity of the ETNs and will 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 worth. Any premium that develops may be lowered or eliminated at any time, including because of an announcement that the issuer will restart issuances or an announcement that the issuer will train its proper to speed up the ETNs for an amount based on the indicative worth. Paying a premium purchase worth over the indicative worth of the ETNs might result in important losses in the occasion 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 possibility.
The buying and selling price of the ETNs might differ considerably earlier than any valuation date (as outlined in every prospectus), due, among other factors, to fluctuations in the worth or the volatility of the underlying index, and other events which might be difficult to foretell. At larger ranges of volatility, and since the ETNs are not principal protected, there is a big probability of a complete loss of ETN value even if the efficiency of the underlying index is flat.
The each day resetting of each ETN’s leveraged exposure to the underlying index is likely to cause every ETN to experience a “decay” effect, which is more likely to worsen over time and shall be greater the more unstable the underlying index. The “decay” effect refers to a seemingly tendency of the ETNs to lose value over time impartial of the performance of the underlying index. Accordingly, the ETNs will not be suitable for intermediate- or long-time period funding, as any intermediate- or lengthy-time period funding may be very more likely to maintain important 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 impact is extra more likely to manifest itself the longer the ETNs are held, the decay effect can have a big impression on ETN efficiency even over a interval as brief as two days.
If the level of the underlying index decreases or doesn’t enhance sufficiently (or if it increases or doesn’t decrease sufficiently within the case of inverse ETNs), to offset the effect of the Each day Investor Price and every other relevant fees over the time period of the ETNs, the investor will receive less than the amount invested upon sale, early redemption, acceleration or maturity of the ETNs.
Previous to maturity, chances are you’ll, subject to certain restrictions described in the pricing supplement, offer the applicable minimum petroleum equipment servicempany limited variety of your ETNs to the issuer for redemption on an Early Redemption Date (as defined in the prospectus). You need to supply for redemption not less than the applicable minimal number of ETNs (usually 25’000 or 50’000 depending on the product) as set forth in the pricing supplement, or an integral multiple of such amount in excess thereof, at one time with the intention to exercise your proper to cause the issuer to redeem your ETNs on any Early Redemption Date. In addition, the issuer could charge traders a redemption cost of a proportion of the Closing Indicative Value of any ETN that’s redeemed at the investor’s option, at a price as indicated in the applicable pricing supplement. Please see the relevant pricing complement for charges or charges regarding the ETNs.
Any cost on the ETNs is subject to the flexibility of the issuer to fulfill its obligations as they become due.
The risks listed above will not be exhaustive. Buyers should evaluate the prospectus for every ETN, including all danger factors set forth therein, and consult their independent tax, accounting, legal and financial advisors before investing in any ETN.
VelocityShares® is a commerce title utilized by Janus Distributors LLC, a registered U.S. broker-seller, in connection with the services and merchandise described herein.
“VelocityShares” and the VelocityShares logo are trademarks of Janus International Holding LLC. Janus Index and Calculation Services LLC (“Janus Index”) is the licensor of sure trademarks, service marks and commerce names of Janus Worldwide Holding LLC and of certain Indices, that are decided, composed and calculated by Janus Index without regard to the issuer of the any securities which could also be linked to such indices. Neither Janus, Janus Index nor any other celebration guarantees the accuracy and/or the completeness of the indices or any date included therein.
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500™”, “S&P 500 VIX Short-Time period Futures™”, “S&P 500 VIX Mid-Term Futures™”, “S&P GSCI®”, “S&P GSCI® Gold Index”, “S&P GSCI® Silver Index” , “S&P GSCI® Platinum Index”, “S&P GSCI® Palladium Index”, “S&P GSCI® Brent Crude Index”, “S&P GSCI® Crude Oil Index”, “S&P GSCI® Pure Fuel Index” and “S&P GSCI® Copper Index”are trademarks of Standard & Poor’s Monetary Companies LLC (“S&P”) and have been licensed for use by Janus Index & Calculation Companies. “VIX” is a trademark of the Chicago Board Options Trade, Included (“CBOE”) and has been licensed for use by S&P. The ETNs aren’t sponsored, endorsed, sold or promoted by S&P or CBOE and S&P and CBOE make no illustration regarding the advisability of investing within the ETNs. The S&P GSCI index and the S&P GSCI sub-indices aren’t owned, endorsed, or approved by or related to Goldman Sachs & Co. or its affiliated companies.
Securities Products: Are not FDIC Insured * Will not be Bank Guaranteed * Might Lose Value
This site is for informational purposes solely. Nothing herein constitutes a solicitation, provide or recommendation by VelocityShares or its affiliates to buy or sell securities. VelocityShares petroleum equipment servicempany limited doesn’t render investment, tax, accounting or legal recommendation. The securities mentioned herein are complicated merchandise and is probably not suitable for all investors and will only be utilized by educated traders who perceive the potential penalties of in search of inverse or leveraged investment results. Buyers should actively monitor their investments within the Western securities. Traders ought to overview the prospectus for each safety and make their very own investment choices based on their particular investment objectives and financial position and after consulting unbiased tax, accounting, authorized and financial advisors. VelocityShares will receive a fee from the issuers of the products mentioned on this site based mostly on the amount of products outstanding.
Previous efficiency does not predict future efficiency. The value of the securities could decrease and traders could lose some or all of their investment.
Janus Distributors LLC, a registered broker-supplier, will only transact enterprise in states wherein it’s registered, except it’s in any other case excluded or exempted from being registered in such state.
The applicable issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (”SEC”) for the ETNs. Before you invest, it’s best to read the registration assertion (including the prospectus and the documents included by reference into the registration statement) to grasp absolutely the terms of the ETNs and other concerns which are necessary in making a call about investing in the ETNs. You might get these documents with out price by visiting EDGAR on the SEC webpage at www.sec.gov. Alternatively, you possibly can request these documents without cost by calling toll-free 1-877-5-VELOCITY or 1-203-992-4301.