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VelocityShares 3x Inverse Silver ETN (DSLV) RSS Feed

Followers
23
Posters
26
Posts (Today)
0
Posts (Total)
163
Created
01/11/12
Type
Free
Moderators
The VelocityShares 3x Inverse Silver ETNs linked to the S&P GSCI® Silver Index ER (the "ETNs") are senior, unsecured obligations of Credit Suisse AG ("Credit Suisse") acting through its Nassau branch. The ETNs seek to provide inverse exposure to three times (3x) the daily performance of the S&P GSCI® Silver Index ER (the "Index") plus a daily accrual equal to the return that could be earned on a notional capital reinvestment at the three month U.S. Treasury rate as reported on Bloomberg under ticker USB3MTA, less the daily investor fee. The ETNs are intended to provide traders with an exchange traded instrument enabling them to efficiently express their market views on the COMEX silver future. We intend to list the ETNs on NYSE Arca under the symbol "DSLV", however there is no assurance that our application will be approved and we have no obligation to maintain any listing on NYSE Arca or any other exchange. Any payments investors are entitled to receive on the ETNs are subject to the credit risk of the Issuer. The ETNs do not guarantee any return of principal at maturity and do not pay any interest during their term. The Index is the excess return version of a sub-index of the S&P GSCI® Index (the "S&P GSCI®") and represents only the silver component of, and is composed entirely of silver futures contracts included in, the S&P GSCI® Index (the "S&P GSCI®"). The S&P GSCI® is an index that tracks a world productionweighted basket of principal non-financial commodities (i.e., physical commodities) that satisfy specified criteria and represents the return of a portfolio of commodity futures contracts included in the S&P GSCI®. The S&P GSCI® is designed to be a measure of the performance over time of the markets for these commodities. The fluctuations in the value of the S&P GSCI® are intended generally to correlate with changes in the prices of such physical commodities in global markets.

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