Credit Suisse FI Large Cap Growth Enhanced ETN
FLGE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Jun 11, 2014
- CIK
- 0001053092
- Similar Companies
- Business
- Credit Suisse FI Large Cap Growth Enhanced ETN (FLGE) is an exchange-traded note issued by Credit Suisse AG, Nassau Branch, that provides 2x leveraged exposure to the daily total return performance of the Russell 1000 Growth Index Total Return, representing large-cap growth stocks across diversified U.S. equity sectors. The ETN, launched on June 10, 2014, and listed on NYSE Arca, was originally scheduled to mature on June 13, 2024, but Credit Suisse exercised its right to accelerate redemption in December 2021, with payments distributed to holders based on the arithmetic average of closing indicative values over a specified accelerated valuation period ending December 20, 2021. Following the 2023 acquisition of Credit Suisse by UBS Group AG, completed on June 12, 2023, which integrated Credit Suisse into UBS as a consolidated Swiss global banking entity, legacy Credit Suisse ETNs like FLGE transitioned under UBS oversight, though FLGE ceased active trading post-acceleration. The product targets sophisticated investors seeking amplified short-term growth exposure, with daily rebalancing that may cause divergence from the underlying index over longer periods; it features no distributions and incurs fees reflecting its leveraged structure. Headquartered in Switzerland and domiciled there, the ETN operates principally in U.S. markets without subsidiaries or additional service offerings beyond its core leveraged tracking mechanism.