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Credit Suisse X-Links Silver Shares Covered Call ETN due 4/21/2033
Ticker Symbol: SLVO CUSIP: 22542D449 Exchange: NGM
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Credit Suisse X-Links Silver Shares Covered Call ETN due 4/2033, formerly Credit Suisse Silver Shares Covered Call ETN, are senior, unsecured debt securities issued by Credit Suisse AG that are linked to the return of the Credit Suisse NASDAQ Silver FLOWS (Formula-Linked OverWrite Strategy) 106 Index. The Index seeks to implement a covered call investment strategy by maintaining a notional long position in shares of the iShares Silver Trust ETF (SLV UP Equity) (the SLV shares) while notionally selling monthly out-of-the-money call options on that position. The ETNs pay a monthly variable cash coupon based on the notional premiums received from selling the calls. The Index seeks to implement a "covered call" investment strategy by maintaining a notional long position in shares of the iShares Silver Trust ETF (Ticker: SLV) while notionally selling call options on that position on a monthly basis that are approximately 6% out-of-the-money. The notional net premiums (if any) received for selling the calls are paid out at the end of each monthly period. The strategy is designed to generate monthly cash flow in exchange for giving up any gains beyond the strike price. The strategy provides no protection from losses resulting from a decline in the value of the SLV shares beyond the notional call premium received, if any. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in a covered call strategy on SLV shares. For further detailed information on this speculative security, click on the Link to IPO Prospectus given below.
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Go to Parent Company's Record (USB)
IPO - 4/16/2013 -
Link to IPO Prospectus
Previous Name: Credit Suisse Silver Shares Covered Call ETN due 4/21/2033 Changed: 5/04/2015
Micro Cap Stock -
Market Value $33.4 Million
Click for current SLVO price quote from the NASDAQ
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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: Eleven Madison Avenue, New York, NY 10010 |
| Main Phone Number |
800-320-1225 |
| Fax Number |
Not Available |
| Investor Contact
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800-320-1225
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| Toll Free Phone Number |
800-320-1225 |
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