Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P GSCI Gold Index ER > News item |
Credit Suisse adjusts caps for VelocityShares Gold, Silver ETNs
By Marisa Wong
Morgantown, W.Va., July 19 – Credit Suisse AG, Nassau Branch updated the offering amounts for three of its exchange-traded notes, according to an amended 424B2 filing with the Securities and Exchange Commission.
The amount of VelocityShares 3x Long Gold ETNs due Oct. 14, 2031 linked to the S&P GSCI Gold Index ER (NYSE Arca: UGLD, Cusip: 22542D688) was decreased to $366.25 million, or 7,325,000 million notes with a par amount of $50 each, from $455 million. As of June 29, there were 12,890,620 ETNs, or $644,531,000 principal amount, issued and outstanding.
The amount of VelocityShares 3x Long Silver ETNs due Oct. 14, 2031 linked to the S&P GSCI Silver Index ER (NYSE Arca: USLV, Cusip: 22539T597) was increased to $14,087,500,000, or 28,175,000 notes with a par amount of $500 each, from $9.1 billion. As of June 29, there were 37,792,460 ETNs, or $18,896,230,000 principal amount – reflecting a 1-for-10 reverse split – issued and outstanding.
The maximum amount of VelocityShares 3x Inverse Silver ETNs due Oct. 14, 2031 linked to the S&P GSCI Silver Index ER (NYSE Arca: DSLV, Cusip: 22542D654) was decreased to $168.75 million, or 3,375,000 notes with a par amount of $50 each, from $186.25 million. As of June 29, there were 513,940 ETNs, or $25,697,000 principal amount, issued and outstanding.
The maximum amount of VelocityShares 3x Inverse Gold ETNs due Oct. 14, 2031 linked to the S&P GSCI Gold Index ER (NYSE Arca: DGLD, Cusip: 22542D670) remains at $72.5 million, or 1.45 million notes with a par amount of $50 each. As of June 29, there were 379,010 ETNs, or $18,950,500 principal amount, issued and outstanding.
© 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.