Citigroup ETNs linked to the VelocityShares Daily 4X Long GBP vs. USD Index (UGBP) is an exchange-traded note (ETN) issued by Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., and listed on the NYSE Arca exchange. The ETN seeks to track the daily performance of the VelocityShares Daily 4X Long GBP vs. USD Index, which provides four times leveraged exposure, reset daily, to changes in the spot exchange rate between the British pound (GBP, the long currency) and the U.S. dollar (USD, the reference currency); it is a senior unsecured debt obligation with no stated principal return at maturity, subject to the credit risk of the issuer and guarantor, and features a daily investor fee of 1.50% per annum plus potential creation and early redemption fees. Originally launched in December 2017 as part of a suite of ten VelocityShares-branded currency ETNs covering pairs including GBP/USD, EUR/USD, JPY/USD, CHF/USD, and AUD/USD, the UGBP ETN matures on December 15, 2032, with CUSIP 17326E159.
The issuer operates globally from its headquarters in New York, New York, offering structured products including leveraged and inverse ETNs across currencies, commodities, volatility, and interest rates to sophisticated investors seeking short-term tactical exposure; target markets include institutional and retail traders focused on foreign exchange volatility, with trading available in the U.S. secondary market. No recent partnerships, acquisitions, funding rounds, or new product launches specific to the UGBP ETN have been reported in the last 1-2 years, though the broader issuer maintains active issuance of similar ETNs and structured notes amid ongoing Citigroup Inc. transformation efforts, including expense discipline and revenue growth initiatives as of Q3 2025. The product remains available for trading despite historical notes on low liquidity and high volatility for leveraged currency ETNs.