Credit Suisse lifts cap for Monthly Pay 2xLeveraged Mortgage REIT ETNs

By Angela McDaniels

Tacoma, Wash., June 6 – Credit Suisse AG, Nassau Branch updated the offering amount for its Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT exchange-traded notes due July 11, 2036 linked to the FTSE NAREIT All Mortgage Capped index, according to a 424B2 filing with the Securities and Exchange Commission.

The maximum issue size was increased to $56 million principal amount, or 2.24 million ETNs, from $52,875,000 principal amount, or 2,115,000 ETNs.

The issuer previously increased the maximum issue size from $25,375,000.

As of May 31, there was $104 million principal amount of ETNs issued and outstanding, or 4.16 million ETNs.

The ETNs (Cusip: 22539T282) have a par amount of $25 each and are listed on NYSE Arca under the symbol “REML.”

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