VelocityShares 3x Long Crude Oil ETN
 (UWTI)

- NYSEARCA
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  • Mar. 25, 2015, 10:31 AM
    | Mar. 25, 2015, 10:31 AM | 57 Comments
  • Nov. 8, 2013, 3:45 AM
    • Iran and the P5+1 world powers are close to an agreement in which the Persian nation would halt the most advanced elements of its nuclear program, including the production of weapons-grade fuel, in return for a limited easing of the sanctions that have badly hurt its economy.
    • The deal, which could be announced today, won't at this stage include a lowering of banking and oil sanctions, although the international negotiators could allow Iran to access $50B in crude export revenue that has been frozen in European and Asian banks.
    • Israel is opposed to the agreement, as are some U.S. legislators, with a Senate committee continuing to prepare a set of tough new sanctions despite the progress of talks.
    • WTI is flat at $94.24 a barrel, while Brent is also little changed at $103.46.
    • ETFs: JJE, RJN, DBE, UBN, RGRE, OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI, BNO, UOIL, DOIL.
    | Nov. 8, 2013, 3:45 AM | 3 Comments
UWTI Description
The VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI® Crude Oil Index ER (the “ETNs”) are senior, unsecured obligations of Credit Suisse AG (“Credit Suisse”) acting through its Nassau branch. The ETNs seek to provide long exposure to three times (3x) the daily performance of the S&P GSCI® Crude Oil Index ER (the “Index”) plus a daily accrual equal to the return that could be earned on a notional capital reinvestment at the three month U.S. Treasury rate as reported on Bloomberg under ticker USB3MTA, less the daily investor fee.
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