|
Credit Suisse X-Links Crude Oil Shares Covered Call ETN due 4/24/2037
Ticker Symbol: USOI CUSIP: 22539T266 Exchange: NGM
Company's Online Profile
BUSINESS: The Credit Suisse X-Links™ Crude Oil Shares Covered Call ETNs (exchange traded notes) are senior, unsecured debt securities issued by Credit Suisse AG that provide a return linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crude Oil FLOWS™ 106 Index The ETNs may pay a variable monthly coupon based on the notional option premiums, if any, generated by the Index's hypothetical monthly sale of call options on the shares of the United States Oil Fund, LP. The Index seeks to implement a "covered call" investment strategy by maintaining a notional long position in shares of the United States Oil Fund, LP (Ticker: USO) (the "USO Shares") while notionally selling call options on that position on a monthly basis that are approximately 6% out-of-the-money (i.e., strike price is 106%). The notional net premiums received (if any) for selling the calls are paid out at the end of each monthly period as a Distribution. The Index's strategy is designed to generate monthly cash flow in exchange for giving up any gains beyond the 106% strike price. The Index's strategy provides no protection from losses resulting from a decline in the value of the USO Shares beyond the notional call premium received, if any. The return on the ETNs will be based on the performance of the price return version of the Index, and, therefore, each monthly Distribution will be subtracted from a notional portfolio of the Index and the level of the price return version of the Index will decrease with each such Distribution. The Index is calculated by Nasdaq, Inc. and the levels of the price return version are disseminated real-time under the Bloomberg ticker symbol "QUSOI". The ETNs should be purchased only by knowledgeable investors who understand the risks of investing in the ETNs. For further detailed information on this speculative security, click on the Link to IPO Prospectus given below.
|
IPO - 4/25/2017 -
Link to IPO Prospectus
Micro Cap Stock -
Market Value $5.6 Million
Click for current USOI price quote from the NASDAQ
|
Company's Online Information Links
|
| 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
|
800-320-1225
|
| Toll Free Phone Number |
800-320-1225 |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
