Business Wire | Oct 19, 2020 07:59AM EDT

Citigroup Announces the Acceleration of Ten Series of ETNs

Oct. 19, 2020

NEW YORK--(BUSINESS WIRE)--Oct. 19, 2020--Citigroup Global Markets Holdings Inc. ("CGMHI") announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the "ETNs").

ETN Name Exchange ETN CUSIP Underlying Ticker Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long USD vs. JPY Arca DJPY 17326E654 4X Long USD vs. Index JPY ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long USD vs. EUR Arca DEUR 17326E571 4X Long USD vs. Index EUR ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long USD vs. GBP Arca DGBP 17326E464 4X Long USD vs. Index GBP ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long USD vs. CHF Arca DCHF 17326E704 4X Long USD vs. Index CHF ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long USD vs AUD Arca DAUD 17326E605 4X Long USD vs. Index AUD ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long JPY vs. USD Arca UJPY 17326E662 4X Long JPY vs. Index USD ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long EUR vs. USD Arca UEUR 17326E480 4X Long EUR vs. Index USD ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long GBP vs. USD Arca UGBP 17326E159 4X Long GBP vs. Index USD ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long CHF vs. USD Arca UCHF 17326E233 4X Long CHF vs. Index USD ETN Index

VelocityShares VelocityShares Daily 4X NYSE Daily Long AUD vs. USD Arca UAUD 17326E647 4X Long AUD vs. Index USD ETN Index

Holders of the ETNs will receive a cash payment per ETN in an amount (the "Optional Acceleration Redemption Amount") equal to the fixing indicative value of the respective series of ETNs on the Optional Acceleration Valuation Date. The Optional Acceleration Valuation Date is expected to be October 30, 2020. The Optional Acceleration Redemption Amount is expected to be paid to investors on November 4, 2020. More information on the manner in which the Optional Acceleration Redemption Amount will be calculated, including the circumstances in which the Optional Acceleration Valuation Date may be postponed, and on the circumstances in which the ETNs may be automatically accelerated prior to the Optional Acceleration Valuation Date is available in the pricing supplement for the ETNs, which is available at the following hyperlink:

https://www.sec.gov/Archives/edgar/data/0000200245/000095010320007085/dp125692_424b3-velocity.htm

The last day of trading for the ETNs is expected to be October 30, 2020.

Currently, holders of any series of ETNs who wish to exercise their early redemption right are generally required to redeem a minimum number of ETNs of the same series and may be subject to an early redemption charge. After the close of trading on October 19, 2020, CGMHI will irrevocably waive the required minimum redemption amount and the early redemption charge for the ETNs.

None of the other exchange-traded notes issued by CGMHI are affected by this announcement.

(c) 2020 Citigroup Inc. Member SIPC. All rights reserved. Citi and Citi and Arc Design are trademarks and service mark of Citigroup Inc. or its affiliates and are used and registered throughout the world.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at http://www.citigroup.com | Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog: http://blog.citigroup.com/| Facebook: http://www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

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