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VelocityShares 3x Long Gold ETN linked to S&P GSCI Gold Index ER 10/14/2031
Ticker Symbol: UGLDF CUSIP: 22542D688 Exchange: OTOTC
Credit Suisse, which backs almost all of the VelocityShares ETNs, is delisting nearly half of the VelocityShares lineup in the first half of July, and failing to divest of one’s holdings could leave an investor struggling to sell their shares in the over-the-counter market, where liquidity is often hard to find.
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Company's Online Profile
BUSINESS: VelocityShares 3x Long Gold Exchange Traded Note (ETN) Linked to the S&P GSCI Gold Index ER due October 14, 2031 are senior, unsecured debt securities, medium-term notes, issued by Credit Suisse AG acting through its Nassau Branch. INVESTMENT OBJECTIVE: The VelocityShares 3x Long Gold ETN linked to S&P GSCI Gold Index ER seeks to provide long exposure to three times (3x) the daily performance of the S&P GSCI Gold Index ER plus a daily accrual equal to the return that could be earned on a notional capital reinvestment at the three month U.S. Treasury rate as reported on Bloomberg under ticker USB3MTA, less the daily investor fee. This ETN should be purchased by knowledgeable investors who understand the potential consequences of investing in the Index and of seeking daily compounding leveraged long investment results. Investors should actively monitor their investments as frequently as daily. INDEX DESCRIPTION: The S&P GSCI Gold Index ER is the excess return version of a sub-index of the S&P GSCI Index and represents only the gold component of, and is composed entirely of gold futures contracts included in the S&P GSCI Index. The S&P GSCI is an index that tracks a world production weighted basket of principal non-financial commodities that satisfy specified criteria and represents the return of a portfolio of commodity futures contracts included in the S&P GSCI. The S&P GSCI is designed to be a measure of the performance over time of the markets for these commodities. The fluctuations in the value of the S&P GSCI are intended generally to correlate with changes in the prices of such physical commodities in global markets. The ETNs do not represent an investment in physical gold. RETURNS AND MATURITY: The return on the Securities may be positive or negative, and is directly linked to the performance of the S&P GSCI Gold Index ER, which in turn is linked to the performance of futures contracts on gold, 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. Because the Index is an excess return index, it measures the hypothetical returns on an uncollateralized investment in futures
contracts. If your ETNs have not been previously redeemed or accelerated, on the Maturity Date, October 14, 2031, you will receive for each $50 stated principal amount of your 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, and the requirements for acceptance by us are met, you will receive a cash payment per ETN on the Early Redemption Date equal to the Early Redemption Amount. You must offer for redemption at least 25,000 ETNs, or an integral multiple of 25,000 ETNs in excess thereof, at one time in order to exercise your right to redeem your ETNs on any Early Redemption Date. The investor fee is 1.35% 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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IPO - 10/14/2011 -
Link to IPO Prospectus
Previous Ticker Symbol: UGLD Changed: 7/02/2020
Small Cap Stock -
Market Value $127.0 Million
Click for current UGLDF price quote from the PINK SHEETS
Click for current UGLDF 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: 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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