Name of ETN: VelocityShares 3X Long Crude ETN
Benchmark Index: S&P GSCI® Crude Oil Index ER
Ticker Symbol: UWTI
Daily Target: 3x (daily performance of benchmark index).
Underlying Commodity Exposure: This ETN allows investors to take a leveraged position on the S&P GSCI® Crude Oil Index ER. In the case of this ETN, the multiplier is 3x (300%). This means the ETF is seeking a daily target equal to 300% of the S&P GSCI® Crude Oil Index ER.
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