Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[KickolasNage]

"Accelerated vesting" allows a company to quicken the schedule by which they gain access to restricted company stock or stock options issued as an incentive. If a company decides to undertake accelerated vesting, then it may expense the costs associated with the stock options sooner.

I think they are liquidating the holdings and sending out a cash payment to anyone holding the ETN equal to the value of the ETN on the closing date. The last day of trading for the ETNs (UWT and DWT) is expected to be April 2, 2020, and likewise The Optional Acceleration Redemption Amount is expected to be paid to investors on April 3, 2020.

More legal information here:

https://www.sec.gov/Archives/edgar/data/200245/000095010320005510/dp124148_424b3-uwtdwta10.htm