Terms of Use

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY.  BY ACCESSING THIS SITE AND ANY PAGES IN IT, YOU AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS.  IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS, DO NOT ACCESS, VIEW OR USE THIS SITE OR ANY INFORMATION CONTAINED HEREIN.

General Information
Notice Regarding Non US Persons and Persons Residing in Other Jurisdictions
Disclaimer of Warranty and Limitation of Liability
Copyrights and Trademarks
Electronic Links
Electronic Communications
Choice of Law

General Information

VelocityShares® is a trade name used by Janus Distributors LLC, a registered U.S. broker-dealer, in connection with the services and products described herein.

This site has been designed for informational purposes only and is subject to change without notice.  Nothing contained herein constitutes a solicitation, offer or recommendation by VelocityShares or its affiliates to buy or sell any securities or other financial instruments or provide any investment advice or service.  Neither VelocityShares nor any of its affiliates intend to provide investment advice through this site and they make no representation that any described securities or services are suitable for any investor.  VelocityShares does not render investment, tax, accounting or legal advice, and nothing contained in this site should be construed as such.  In considering an investment in any VelocityShares product, an investor should review the prospectus for the particular offering and discuss the security with legal, tax and financial advisors before taking any action. VelocityShares will receive a fee from the issuers of the products discussed on this site based on the quantity of products outstanding.

Investments in securities discussed herein are not suitable for all investors.  Investors must make their own investment decisions based on their specific investments objectives and financial position and using such independent advisors as they believe necessary.  Past performance is not necessarily a guide to future performance.  The price or value of the investments, to which this site relates, either directly or indirectly, may fall or rise against the interest of investors.  Users of this site agree that the information contained herein will not be the primary basis of any investment decision.

Notice Regarding Non US Persons and Persons Residing in Other Jurisdictions
This site is published in the United States for residents of the United States.  The site is not intended for use by, or to provide information to, persons outside the United States and such persons should not rely on the information contained in the site.  The information provided on this website is not intended for distribution to, or use by, any person or entity outside the United States or in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject the distributors of this product or their affiliates to any registration requirement within such jurisdiction.

The information on this site shall not be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offering or solicitation would be unlawful under the securities laws of such jurisdiction. Janus Distributors LLC, a registered broker-dealer, will only transact business in states in which it is registered, unless it is otherwise excluded or exempted from being registered in such state. The information on this site shall not be considered a solicitation to buy or an offer to sell a security to any person in any state in which Janus Distributors LLC is not properly registered or otherwise exempted or exclude from such registration requirement.

Disclaimer of Warranty and Limitation of Liability
The information on this site is provided “as is.”  VelocityShares does not warrant the accuracy of the materials provided herein, either expressly or impliedly, for any particular purpose and expressly disclaims to the fullest extent of the law any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omission from, these materials, and all implied or express warranties, including, but not limited to, implied warranties of merchantability or fitness for a particular purpose.  Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, VelocityShares cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you.  VelocityShares does not undertake to advise you of changes in information or other materials contained herein.
VelocityShares shall not be liable for any direct or indirect, special, incidental or consequential damages, including but not limited to lost profits, trading or other losses, expenses and damages that result from inconvenience, delay or loss of use of this site, arising in connection with use of this site or the products and services available on or through this site, even if VelocityShares or its representatives are advised of the possibility of such damages or losses.

ALTHOUGH JANUS INDEX & CALCULATION SERVICES (“JIC”) SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE INDEXES FROM SOURCES WHICH VIC CONSIDERS RELIABLE, NEITHER VIC NOR ANY OTHER PARTY GUARANTEES THE ACCURACY AND/OR THE COMPLETENESS OF THE INDEXES OR ANY DATA INCLUDED THEREIN.  NEITHER JIC NOR ANY OTHER PARTY MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, LICENSEE’S CUSTOMERS AND COUNTERPARTIES, HOLDERS OF THE NOTES, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDEXES OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE RIGHTS LICENSED HEREUNDER OR FOR ANY OTHER USE.  NEITHER JIC NOR ANY OTHER PARTY MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE INDEXES OR ANY DATA INCLUDED THEREIN AND JIC HEREBY EXPRESSLY DISCLAIMS ALL SUCH WARRANTIES.  WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL JIC OR ANY OTHER PARTY HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Copyright and Trademarks
“VelocityShares” and the VelocityShares logo are trademarks of Janus Distributors LLC. All content, information, products and services available on or through this site are owned, licensed or controlled by Janus Distributors LLC or the party credited as the provider of the contents. This website is also protected under United States copyright laws. This site is copyright ©2015 Janus Distributors LLC. All rights reserved. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos. Without the advance written permission of Janus Distributors LLC, you may not sell, copy, publish, "mirror" on any other server, distribute, modify, transfer or reproduce any material contained on this site. Notwithstanding the foregoing, any materials provided by third parties may be subject to additional and/or different terms of use and restrictions that control the use of such materials. Unauthorized use of any material contained on this site may violate copyright laws, trademark laws, trade secret laws, the laws of privacy and publicity, and communications regulations and statutes. Request for consent must be made in writing and should be mailed to Janus Distributors LLC, 19 Old Kings Highway S, Darien, CT  06820.

Electronic Links
This site may contain links to other Internet websites that are beyond the control of VelocityShares.  Such links are provided for your convenience.  VelocityShares does not maintain these other sites and has no control over the organizations that maintain the sites or the information, products or services these organizations provide.  VelocityShares makes no representation about, and assumes no responsibility for, the content, accuracy, completeness, timeliness, suitability or legality of the content of any such websites, or for any products or services that might be offered therein.  VelocityShares does not recommend or endorse these organizations or their products or services in any way.

Electronic Communications
This site may permit you to communicate electronically with VelocityShares for certain purposes.  Please do not use this facility to attempt notice of any time-sensitive or legally significant event, request or instruction.  VelocityShares assumes no responsibility or liability for any actions taken or any omissions to take action as a result of any such electronic communications.

Risk Disclosures
Important information about the VelocityShares ETNs are contained within the current prospectuses which are available on this site. For more complete information regarding the VelocityShares ETNs, download a prospectus, or call 1-800-VELOCITY or 1-203-992-4301. You should read the prospectus carefully before making an investment.

The ETNs are only suitable for knowledgeable investors seeking daily exposure (including inverse or leveraged exposure) to the underlying index. The ETNs are intended for short term trading, therefore investors with a horizon longer than one day trading should carefully consider whether the ETNs are appropriate for their investment portfolio.

Because the inverse ETNs, leveraged inverse ETNs and leveraged long ETNs are linked to the daily performance of the applicable underlying Index and include either inverse and/or leveraged exposure, changes in the market price of the underlying futures will have a greater likelihood of causing such ETNs to be worth zero than if such ETNs were not linked to the inverse or leveraged return of the applicable underlying Index.

The ETNs do not guarantee any return of principal at maturity and do not pay any interest during their term.

Although we intend to list the ETNs on NYSE Arca, a trading market for your ETNs may not develop.  We are not required to maintain any listing of the ETNs on NYSE Arca or any other exchange.

The trading price of the ETNs may vary considerably before any valuation date (as defined in each prospectus), due, among other factors, to fluctuations in the price or the volatility of the underlying investment product, and other events that are difficult to predict. At higher levels of volatility, and since the ETNs are not principal protected, there is a significant chance of a complete loss of ETN value even if the performance of the Index is flat.

The closing indicative value on each valuation date is determined in part by reference to the daily percentage change in the level of the underlying index.  As a result, to the extent the closing indicative value of the ETNs is greater than or less than the initial indicative value, subsequent changes in the level of the index may have a bigger or smaller impact on the closing indicative value of the ETNs than if the closing indicative value remained constant at the initial indicative value.  For example, assuming an initial indicative value of $100, if the closing indicative value of the ETNs increases above $100, a subsequent 1% daily change in the level of the index will result in more than a $1 decrease in the closing indicative value of the ETNs.  Likewise, if the closing indicative value of the ETNs is less than $100, a 1% increase in the level of the index will result in less than a $1 increase in the closing indicative value of the ETNs.

If the level of the underlying index decreases or does not increase sufficiently (or if it increases or does not decrease sufficiently in the case of the inverse ETNs), to offset the effect of the Daily Investor Fee over the term of the ETNs, the investor will receive less than the principal amount of his investment upon early redemption, acceleration or maturity of the Notes.

Prior to maturity, you may, subject to certain restrictions described in the prospectus, offer the applicable minimum number of your ETNs to the issuer for redemption on an Early Redemption Date (as defined in the prospectus). You must offer for redemption at least the applicable minimum number of ETNs, or an integral multiple in excess thereof, at one time in order to exercise your right to cause the issuer to redeem your ETNs on any Early Redemption Date.  In addition, the issuer may charge investors a redemption charge of a percentage of the stated principal amount of any ETN that is redeemed at the investor’s option, at a rate as indicated in the applicable pricing supplement.

The risks listed above are not exhaustive.  Investors should review the prospectus for each ETN, including all risk factors set forth therein, and consult their independent tax, accounting, legal and financial advisors before investing in any ETN.

Index Provider Disclosures
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500™”, “S&P 500 VIX Short-Term Futures™”,  “S&P 500 VIX Mid-Term Futures™”, “S&P GSCI®”, “S&P GSCI® Gold Index”,  “S&P GSCI® Silver Index” , “S&P GSCI® Platinum Index”, “S&P GSCI® Palladium Index”,   “S&P GSCI®  Brent Crude Index”, “S&P GSCI® Crude Oil Index”, “S&P GSCI® Natural Gas Index” and “S&P GSCI®  Copper Index” are trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been licensed for use by Janus Index & Calculation Services. “VIX” is a trademark of the Chicago Board Options Exchange, Incorporated (“CBOE”) and has been licensed for use by S&P. The ETNs are not sponsored, endorsed, sold or promoted by S&P or CBOE and S&P and CBOE make no representation regarding the advisability of investing in the ETNs.  The S&P GSCI index and the S&P GSCI sub-indices are not owned, endorsed, or approved by or associated with Goldman Sachs & Co. or its affiliated companies.

Janus Distributors LLC - Business Continuity Plan Notice
Janus Distributors LLC (“JDL” or the “Firm”) has developed a Business Continuity Plan (the “Plan”) describing the Firm’s anticipated response to events that significantly disrupt its business.  Because the timing and impact of disasters and disruptions is unpredictable, flexibility will be necessary when responding to actual events as they occur.  With that in mind, the information below summarizes the Firm’s Business Continuity Plan.

Summary of Plan
The Firm’s policy is to respond to a Significant Business Disruption (“SBD”) by safeguarding employees’ lives and Firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the Firm’s books and records, and allowing the transaction of business to continue.  In the event that the Firm determines business is unable to continue, JDL customers and counterparties can be reasonably confident SBDs will not affect our day-to-day business activities.  JDL does not hold customer funds or securities, nor does it execute transactions or perform any type of clearing function for itself or others.

JDL maintains a Business Continuity Plan designed to respond reasonably and effectively to events of varying scope.  The Plan sets forth critical staff assignments, alternate work locations, and resource requirements, related to restoring business operations with minimal impact.  The Plan also provides for communication with customers, service providers, counterparties and regulatory agencies in order to notify and keep them informed about how the SBD is impacting the Firm.  The Plan is reviewed and maintained on an annual basis to ensure that documented information is current and recovery strategies support the operations.

Contacting Us
The Firm has offices located in Darien, CT.   The CT Offices are located at 19 Old Kings Highway S, Darien, CT 06820.  Its main telephone numbers are 203.992.4301 and 877-583-5624.  You can also contact us via our website: www.velocityshares.com or via email at:  info@velocityshares.com.


Choice of Law
Users of this site shall be bound by all applicable laws of the United States and the State of New York.  The appropriate New York federal or state court shall have exclusive jurisdiction over any action or dispute arising from this agreement or relating to this site.

The VelocityShares Group includes VLS Securities LLC, a registered broker-dealer and wholly owned subsidiary of VelocityShares LLC.

Velocity Shares LLC  | 19 Old Kings Highway S | Darien, CT 06820 | 877-5 VELOCITY (877-583-5624) | Contact Us | Site Design: 341 Studios