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Credit Suisse updates offer amount of X-Links silver covered call ETNs
By Marisa Wong
Los Angeles, Dec. 8 – Credit Suisse AG, Nassau Branch updated the offering amount for its Credit Suisse X-Links Silver Shares Covered Call ETNs due April 21, 2033 (Nasdaq: SLVO, Cusip: 22542D449) linked to the Credit Suisse Nasdaq Silver Flows 106 index, according to an amended 424B2 filing dated Nov. 23 with the Securities and Exchange Commission.
The amount was increased to $110,533,900, or 5,526,695 notes with a par amount of $20 each.
The issuer previously set the offer amount at $31,333,900, or 1,566,695 notes with a par amount of $20 each, in an amended pricing supplement dated Nov. 9.
As of Nov. 18, there were 5,371,390 ETNs, or $107,427,800 principal amount, issued and outstanding.
The original ETNs were issued at par on April 16, 2013. Additional ETNs are to be sold from time to time at variable prices.
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