Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN
AMJL
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- IPO Date
- May 17, 2016
- Similar Companies
- Business
- Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN (AMJL) is a senior, unsecured exchange-traded note (ETN) that provides monthly compounded 2x leveraged long exposure to the price return of the Alerian MLP Index, which tracks the composite performance of leading energy master limited partnerships (MLPs); the ETN also pays a variable monthly coupon linked to the net cash distributions of the index constituents. Issued by Credit Suisse AG (acting through its Nassau branch) and listed on NYSE Arca under the ticker AMJL, the ETN matures on May 16, 2036, with a fee structure including a 0.85% tracking fee and a 0.80% financing fee for a total expense ratio of 1.65%. Targeted at sophisticated investors seeking amplified exposure to the midstream energy infrastructure sector, including pipelines and storage, the product operates principally in U.S. markets with global accessibility through major exchanges. The Alerian MLP Index ETN launched in May 2016 from Credit Suisse's X-Links structured products platform, headquartered in Zurich, Switzerland, with key operations in New York for U.S.-listed ETNs. In a significant development, Credit Suisse AG was acquired by UBS Group AG in March 2023 in an all-stock transaction valued at CHF 3 billion, leading to the transfer of Credit Suisse's investment banking and structured products businesses, including legacy ETNs like AMJL, to UBS; Credit Suisse AG subsequently ceased to exist as a separate entity following the merger's completion. Despite indications of low liquidity and potential inactivity noted around 2020, the ETN continues to appear in select trading platforms with a last quoted price near $1.20, though assets under management have dwindled to approximately $10,380. No new product launches, partnerships, or reorganizations specific to AMJL have been announced in the last 1-2 years, amid UBS's ongoing integration of Credit Suisse's ETN suite.