CREDIT SUISSE – ANTICIPATED DELISTING OF VARIOUS FUNDS
This is to inform you that Credit Suisse AG has announced delisting of the below mentioned Exchange Traded Notes (ETNs)
In order to reduce risk exposure of our Clients we have disable PURCHASE of the below named ETN’s through our trading system. If you are an ETN holder you can place your sell instructions through Mubasher Financial Services BSC © trading channels.
| ETN |
Ticker |
Exchange |
CUSIP |
Delisting date |
| VelocitySharesTM 3x Long Gold ETNs linked to the S&P GSCI® Gold Index ER due October 14, 2031 |
UGLD |
The Nasdaq Stock Market |
22542D316 |
2-Jul-20 |
| VelocitySharesTM 3x Long Silver ETNs linked to the S&P GSCI® Silver Index ER due October 14, 2031 |
USLV |
The Nasdaq Stock Market |
22542D290 |
2-Jul-20 |
| VelocitySharesTM 3x Inverse Gold ETNs linked to the S&P GSCI® Gold Index ER due October 14, 2031 |
DGLD |
The Nasdaq Stock Market |
22542D670 |
2-Jul-20 |
| VelocitySharesTM 3x Inverse Silver ETNs linked to the S&P GSCI® Silver Index ER due October 14, 2031 |
DSLV |
The Nasdaq Stock Market |
22542D654 |
2-Jul-20 |
| VelocitySharesTM 3x Long Natural Gas ETNs linked to the S&P GSCI® Natural Gas Index ER due February 9, 2032 |
UGAZ |
NYSE Arca |
22539T183 |
10-Jul-20 |
| VelocitySharesTM 3x Inverse Natural Gas ETNs linked to the S&P GSCI® Natural Gas Index ER due February 9, 2032 |
DGAZ |
NYSE Arca |
22542D282 |
10-Jul-20 |
| VelocityShares™ Daily Inverse VIX Medium Term ETNs linked to the S&P 500 VIX Mid-Term Futures™ Index due December 4, 2030 |
ZIV |
The Nasdaq Stock Market |
22542D829 |
2-Jul-20 |
| VelocityShares™ VIX Short Term ETNs linked to the S&P 500 VIX Short-Term Futures™ Index due December 4, 2030 |
VIIX |
The Nasdaq Stock Market |
22542D266 |
2-Jul-20 |
| VelocityShares™ Daily 2x VIX Short Term ETNs linked to the S&P 500 VIX Short-Term Futures™ Index due December 4, 2030 |
TVIX |
The Nasdaq Stock Market |
22542D258 |
2-Jul-20 |
The links to the announcements is provided below and which will provide you with additional information such as the estimated last trading day of each fund.
https://www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-ag-announces-its-intent-to-delist-and-suspend-further-issuances-of-its-velocitysharestm-etns-202006.html
https://www.prnewswire.com/news-releases/credit-suisse-ag-announces-its-intent-to-delist-and-suspend-further-issuances-of-its-velocityshares-etns-301080971.html
For clarifications related to the notification, please send email to: global@mubashertrade.com
