Credit Suisse updates offer amount of X-Links crude covered call ETNs

By Marisa Wong

Los Angeles, Jan. 12 – Credit Suisse AG, Nassau Branch updated the offering amount for its Credit Suisse X-Links Crude Oil Shares Covered Call ETNs due April 24, 2037 (Nasdaq: USOI, Cusip: 22539T266) linked to the Credit Suisse Nasdaq WTI Crude Oil Flows 106 index, according to a 424B2 filing with the Securities and Exchange Commission.

The amount was set at $268.12 million, or 10,724,800 notes with a par amount of $25 each.

As of Jan. 6, there were 11,080,200 ETNs, or $277,005,000 principal amount, issued and outstanding.

The original ETNs were issued at par on April 25, 2017. Additional ETNs are to be sold from time to time at variable prices.

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