Name of ETN: VelocityShares 3X Long Natural Gas ETN
Benchmark Index: S&P GSCI Natural Gas Index ER
Ticker Symbol: UGAZ
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 Natural Gas Index ER. In the case of this ETN, the multiplier is 3x (300%). This means the ETN is seeking a daily target equal to 300% of the S&P GSCI Natural Gas Index ER.