VelocityShares, a Janus Henderson Group plc, announces the launch of a suite of 10 series of currency-related exchange traded notes (ETNs), to be traded on the NYSE Arca exchange. Each series of the VelocityShares currency ETNs is linked to a Velocity Shares Daily 4X leveraged long currency index. The ETNs are designed to offer 4 times leveraged exposure, reset daily, to changes in the exchange rate between the US Dollar and any one of the following five currencies: Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Swiss Franc (CHF) and Australian Dollar (AUD).
Five of the ETNs offer long exposure to the US Dollar versus a foreign currency, and five offer long exposure to a foreign currency versus the US Dollar. The ETNs are issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc.
The new 4x ETNs are:

Exchange traded notes (ETNs) are senior, unsecured debt securities issued by financial institutions that provide knowledgeable investors with sophisticated tools for executing their trading strategies. There are restrictions on the minimum number of ETNs investors may redeem pursuant to the ETNs’ early redemption right. There may not be an active trading market in ETNs. The ETNs are subject to significant risks.