VelocityShares Launches 8 Leveraged Commidity ETN’s (DGLD, UGLD, USLV, DSLV, LPLT, IPLT, LPAL, IPAL)

October 17, 2011 11:56am FUND LAUNCH NYSE:DGLD

VelocityShares began trading eight new leveraged commodity ETNs this morning. The new ETNs are as follows: VelocityShares3x Long Gold Einked to the S&P GSCI Gold Index ER (NYSE:UGLD), VelocityShares 3x Inverse Gold ETN linked to the S&P GSCI Gold Index Excess Return (NYSE:DGLD), VelocityShares 3x Long Silver ETN linked to the S&P GSCI Silver Index ER (NYSE:USLV), VelocityShares 3x Inverse Silver ETN linked


to the S&P GSCI Silver Inverse Index ER (NYSE:DSLV), VelocityShares 2x Long Platinum ETN linked to the S&P GSCI PlatinumIndex ER (NYSE:LPLT), VelocityShares 2x Inverse Platinum ETN linked to the S&P GSCI PlatinumIndex ER (NYSE:IPLT), VelocityShares 2x Long Palladium ETN linked to the S&P GSCI Palladium Index ER (NYSE:LPAL), VelocityShares 2x Inverse Palladium ETN linked to the S&P GSCI Palladium Index ER (NYSE:IPAL).

The return on the ETNs of any series will be based on the performance of the applicable Index during the term of such ETNs. Each series of ETNs tracks the daily performance of the S&P GSCI Gold Index ER, the S&P GSCI Silver Index ER, the S&P GSCI Platinum Index ER or the S&P GSCI Palladium Index ER (each such index, an “Index” and collectively the “Indices”). Each Index comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index (the “S&P GSCI”). The fluctuations in the values of the Indices are intended generally to correlate with changes in the prices of such physical commodities in global markets. The S&P GSCI Gold Index ER, the S&P GSCI Silver Index ER, the S&P GSCI Platinum Index ER and the S&P GSCI Palladium Index ER are composed entirely of gold, silver, platinum or palladium futures contracts, respectively. The Indices are determined, composed and calculated by Standard & Poor’s (“S&P” or the “Index Sponsor”).

The Investor Fee Factor for each series of ETNs is as follows:

3x Long Gold ETNs 1.35%
3x Long Silver ETNs 1.65%
2x Long Platinum ETNs 1.35%
2x Long Palladium ETNs 1.35%
3x Inverse Gold ETNs 1.35%
3x Inverse Silver ETNs 1.65%
2x Inverse Platinum ETNs 1.35%
2x Inverse Palladium ETNs 1.35%

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