Credit Suisse To Shut VIX ETNs

Credit Suisse To Shut VIX ETNs
Photo by

The latest on the VIX ETN debacle which crashed especially after  hours last night – Credit Suisse will shut it down as of February 21st


See the press release below
Credit Suisse AG Announces Event Acceleration of its XIV ETNs
New York February 6, 2018 Credit Suisse AG (“Credit Suisse”) today announced the event acceleration of its VelocityShares™ Daily Inverse VIX Short Term ETNs (“XIV”) due to an acceleration event. The acceleration date is expected to be February 21, 2018.
Since the intraday indicative value of XIV on February 5, 2018 was equal to or less than 20% of the prior day’s closing indicative value, an acceleration event has occurred. Credit Suisse expects to deliver an irrevocable call notice with respect to the event acceleration of XIV to The Depository Trust Company by no later than February 15, 2018. The date of the delivery of the irrevocable call notice, which is expected to be February 15, 2018, will constitute the accelerated valuation date, subject to postponement due to certain events. The acceleration date for XIV is expected to be February 21, 2018, which is three business days after the accelerated valuation date. On the acceleration date, investors will receive a cash payment per ETN in an amount equal to the closing indicative value of XIV on the accelerated valuation date. The last day of trading for XIV is expected to be February 20, 2018. As of the date hereof, Credit Suisse will no longer issue new units of XIV ETNs.
On February 2, 2018, the closing indicative value was USD 108.3681. None of the other ETNs offered by Credit Suisse are affected by this announcement.
Title of ETN
ETN Ticker Symbol
VelocityShares™ Daily Inverse VIX Short Term ETNs due December 4, 2030
Press Contacts
Nicole Sharp, Credit Suisse AG, telephone +1 212 325 8708, [email protected]
Azar Boehm, Credit Suisse AG, telephone +1 212 538 3953, [email protected]
Credit Suisse ETNs
Telephone +1 800 320 1225, [email protected]
Credit Suisse AG
Credit Suisse AG is one of the world’s leading financial services providers and is part of the

After A Tough Year, Odey Asset Management Finishes 2021 On A High

For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)
Previous article Creepy Tailed Spiders Found In A Fossil
Next article Competition Taking Market Share Could Sink Nutanix Inc (NTNX)

No posts to display