| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Credit Suisse AG > News item |
Credit Suisse to delist, repurchase Cushing MLP Infrastructure ETNs
By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – Credit Suisse AG plans to delist and repurchase its Credit Suisse X-Links Cushing MLP Infrastructure exchange-traded notes due April 20, 2020, according to a press release.
Credit Suisse plans to withdraw the New York Stock Exchange Arca listing of the ETNs on or about Nov. 28 in order to repurchase them around Dec. 2. It has the right to repurchase the ETNs in whole if they are not currently listed on a national stock exchange.
Investors will receive a cash payment equal to the daily repurchase value, based on the closing indicative value of the ETNs on the valuation date, which is expected to be Nov. 29.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.