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Credit Suisse adjusts caps for six series of VelocityShares VIX ETNs
By Marisa Wong
Morgantown, W.Va., Feb. 5 – Credit Suisse AG, Nassau Branch updated the maximum amounts of six series of VelocityShares exchange-traded notes due Dec. 4, 2030, three of which are linked to the S&P 500 VIX Short-Term Futures Index and the other three linked to the S&P 500 VIX Mid-Term Futures index, according to a 424B2 filing with the Securities and Exchange Commission.
The amount of VelocityShares Daily Inverse VIX Short Term ETNs linked to the Short-Term Futures index (NYSE Arca: XIV, Cusip: 22542D795) was increased to $162.75 million, or 16,275,000 notes with a par amount of $10 each, from $99 million. As of Jan. 26, there were 10,793,880 ETNs, or $107,938,800 principal amount, issued and outstanding.
The amount of VelocityShares Daily Inverse VIX Medium Term ETNs linked to the Mid-Term Futures index (NYSE Arca: ZIV, Cusip: 22542D829) was decreased to $36.25 million, or 2.9 million notes with a par amount of $12.50 each, from $38.75 million. As of Jan. 26, there were 2,498,000 ETNs, or $31,225,000 principal amount, issued and outstanding.
The amount of VelocityShares VIX Short Term ETNs linked to the Short-Term Futures index (NYSE Arca: VIIX, Cusip: 22542D365) was decreased to $6,125,000,000, or 1,225,000 notes with a par amount of $5,000 each, from $6,625,000,000. As of Jan. 26, there were 834,190 ETNs, or $4,170,950,000 principal amount, issued and outstanding.
The amount of VelocityShares VIX Medium Term ETNs linked to the Mid-Term Futures index (NYSE Arca: VIIZ, Cusip: 22542D787) was decreased to $47.5 million, or 475,000 notes with a par amount of $100 each, from $50 million. As of Jan. 26, there were 165,000 ETNs, or $16.5 million principal amount, issued and outstanding.
The amount of VelocityShares Daily 2x VIX Short Term ETNs linked to the Short-Term Futures index (NYSE Arca: TVIX, Cusip: 22542D357) was decreased to $708,125,000,000,000, or 28,325,000 notes with a par amount of $25 million each, from $1,113,750,000,000,000. As of Jan. 26, there were 39,508,590 ETNs, or $987,714,750,000,000 principal amount, issued and outstanding.
The amount of VelocityShares Daily 2x VIX Medium Term ETNs linked to the Mid-Term Futures index (NYSE Arca: TVIZ, Cusip: 22542D340) was increased to $4,875,000,000, or 975,000 notes with a par amount of $5,000 each, from $4,625,000,000. As of Jan. 26, there were 532,900 ETNs, or $2,664,500,000 principal amount, issued and outstanding.
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