Credit Suisse FI Enhanced Europe50 ETN
FIEU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 13, 2013
- Website
- credit-suisse.com
- Similar Companies
- Business
- Credit Suisse FI Enhanced Europe50 ETN (FIEU) is an exchange-traded note issued by Credit Suisse AG, Nassau Branch, that provides leveraged exposure to twice (2x) the daily performance of the STOXX Europe 50 USD (Gross Return) Index, representing large-cap companies across diversified sectors in European public equity markets; the ETN delivers a cash payment at scheduled maturity, early redemption, or call based on this leveraged index performance, net of fees, with no guarantee of principal return. Launched on May 10, 2018, with a maturity date of May 11, 2028, the product targets institutional and retail investors seeking amplified returns from major European equities including those domiciled in countries such as Switzerland, Germany, France, and the United Kingdom. Credit Suisse, founded in 1856 and headquartered in Zurich, Switzerland, structures such senior unsecured debt securities as part of its broader exchange-traded notes offerings in investment banking and capital markets segments. In March 2023, UBS AG acquired Credit Suisse Group AG in a government-brokered emergency transaction valued at CHF 3 billion, integrating Credit Suisse's operations including its ETN portfolio into UBS's global platform and prompting ongoing reviews of legacy structured products like FIEU amid client migrations and asset management consolidation. Following the acquisition, UBS announced redemptions for several comparable Credit Suisse ETNs such as FIEE (FI Enhanced Europe 50 ETN) in May 2023, signaling strategic wind-downs of select leveraged Europe-focused notes due February 2026, though FIEU continued trading into 2025 with reported pricing activity. No new issuances of FIEU occur post-acquisition, with trading subject to UBS oversight and potential acceleration or call provisions as outlined in the prospectus. The product operates principally on U.S. exchanges like NYSE Arca, serving North American and global investors exposed to European market volatility.