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VelocityShares Daily 2X VIX Medium Term ETN S&P 500 VIX MTF due 12/4/2030
Ticker Symbol: TVIZ* CUSIP: 22542D340 Exchange: NGM
* NOTE: This security is no longer trading as of 8/15/2018
Company's Online Profile
BUSINESS: VelocityShares Daily 2X VIX Medium Term Exchange Traded Note (ETN) linked to the S&P 500 VIX Mid-Term Futures Index due 12/4/2030 are senior, unsecured debt securities, medium-term notes, issued by Credit Suisse AG acting through its Nassau Branch. INVESTMENT OBJECTIVE: The VelocityShares Daily 2X VIX Medium Term ETN linked to the S&P 500 VIX Mid-Term Futures Index's return is linked to twice (2x) the daily performance of the S&P 500 VIX Mid-Term Futures Index ER less the investor fee. The ETNs provide traders with an exchange traded instrument enabling them to efficiently express their market views on the medium-term futures contracts on the CBOE SPX Volatility Index (the VIX). The ETN should be purchased only by knowledgeable investors who understand the potential consequences of investing in a volatility index and of seeking leveraged investment results. INDEX DESCRIPTION: The S&P 500 VIX Mid-Term Futures Index ER was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The calculation of the VIX is based on prices of put and call options on the S&P 500 Index. The Index targets a constant weighted average maturity of 5 months. RETURNS AND MATURITY: The return on the Securities may be positive or negative, and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. If your ETNs have not been previously redeemed or accelerated, on the Maturity Date, December 4, 2030, you will receive for each $100 stated principal amount of your ETNs (for each $10 stated principal amount in the case of Inverse VIX Short Term ETNs and for each $12.50 stated principal amount in the case of Inverse VIX Medium Term ETNs) a cash payment equal to the applicable Closing Indicative Value on the Final Valuation Date. REDEMPTION AND FEES: If you elect to offer your ETNs for redemption you will receive a cash payment per ETN on the Early Redemption Date equal to the Early Redemption Amount minus the early redemption fees. You must redeem at least 25,000 Securities at one time and agree to the redemption procedures in order to exercise your right to redeem your Securities on any redemption date. The investor fee is 1.65% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: July 24, 2018 -- Credit Suisse has announced it is accelerating five of its 24 ETNs to next month. Acceleration of an ETN essentially means their due dates are moving up, so investors will receive the closing indicative value of the ETNs earlier than was originally scheduled on Aug. 15. The five affected ETNs and their original due dates are as follows:
VelocityShares Daily 2x VIX Medium-Term ETN (TVIZ) due Dec. 4, 2030
VelocityShares VIX Medium Term ETN (VIIZ) due Dec. 4, 2030
Credit Suisse X-Links WTI Crude Oil Index ETN (OIIL) due Feb. 8, 2036
AxelaTrader 3x Long Brent Crude Oil ETN (UBRT) due Sept. 14, 2037 AxelaTrader 3x Inverse Brent Crude Oil ETN (DBRT) due Sept. 14, 2037
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IPO - 11/29/2010 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $1.7 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 17 Old Kings Hwy S, Suite 100, Darien, CT 06820 |
| Main Phone Number |
877-583-5624 |
| Fax Number |
Not Available |
| Investor Contact
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877-583-5624
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| Toll Free Phone Number |
877-583-5624 |
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