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VelocityShares Rolls Out Leveraged Energy and Copper ETNs

VelocityShares introduced eight new leveraged and inverse exchange traded notes (“ETNs”) tied to the daily performance of crude oil, natural gas, and copper futures. The February 8, 2012 launch included six energy related products providing 3x long and 3x inverse exposure to West Texas Intermediate, Brent Crude, and natural gas futures contracts. The two copper related products employ 2x leverage.

These are the third wave of product introductions from VelocityShares. The original six volatility-linked VIX ETNs launched in November 2010, followed by a suite of eight leveraged precious metals ETNs in October 2011. To date, Credit Suisse (CS) is the only issuer of VelocityShares ETNs, which makes all 22 ETNs unsecured obligations of Credit Suisse.

  1. Velocity Shares 3x Long Crude ETN (UWTI) is linked to 3x the daily performance of the S&P GSCI Crude Oil Index ER of WTI (“West Texas Intermediate”) crude oil futures contracts with a 1.35% investor fee. UWTI product page (pdf).
  2. Velocity Shares 3x Inverse Crude ETN (DWTI) is linked to 3x the inverse daily performance of the S&P GSCI Crude Oil Index ER with a 1.35% investor fee. DWTI product page (pdf).
  3. Velocity Shares 3x Long Brent Crude ETN (UOIL) is linked to 3x the daily performance of the S&P GSCI Brent Crude Index ER, which tracks Brent crude futures contracts with a 1.35% investor fee. UOIL product page (pdf).
  4. Velocity Shares 3x Inverse Brent Crude ETN (DOIL) is linked to 3x the inverse daily performance of the S&P GSCI Brent Crude Index ER. DOIL product page (pdf).
  5. Velocity Shares 3x Long Natural Gas ETN (UGAZ) is linked to 3x the daily performance of the S&P GSCI Natural Gas Index ER of natural gas futures contracts with a 1.65% investor fee. UGAZ product page (pdf).
  6. Velocity Shares 3x Inverse Natural Gas ETN (DGAZ) is linked to 3x the inverse daily performance of the S&P GSCI Natural Gas Index ER with a 1.65% investor fee. DGAZ product page (pdf).
  7. Velocity Shares 2x Long Copper ETN (LCPR) is linked to 2x the daily performance of the S&P GSCI Copper Index ER of copper futures contracts with a 1.35% investor fee. LCPR product page (pdf).
  8. Velocity Shares 2x Inverse Copper ETN (SCPR) is linked to 2x the inverse daily performance of the S&P GSCI Copper Index ER with a 1.35% investor fee. SCPR product page (pdf).