UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033
GLDI
NASDAQ Global Market- -
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.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1285 Avenue of the Americas New York NY United States of America 10019
- IPO Date
- Jan 29, 2013
- CIK
- 0001053092
- Website
- notes.credit-suisse.com
- Similar Companies
- Business
- UBS ETRACS Gold Shares Covered Call ETN (GLDI) is a senior, unsecured exchange-traded note issued by UBS AG, acting through its London Branch, that provides exposure to the performance of the NASDAQ Gold FLOWS 103 Index (Price Return). The ETN tracks a covered call strategy on shares of the SPDR Gold Shares ETF (GLD), involving a long position in GLD shares combined with the notional sale of monthly at-the-money call options struck at 103% of the GLD share price to generate option premiums; it pays variable monthly coupons based on these notional premiums, subject to an annual investor fee of 0.65% accrued daily, and matures on February 2, 2033. Listed on the NASDAQ Global Market under the ticker symbol GLDI with CUSIP 22542D480 since its initial trade date of January 28, 2013, the ETN targets sophisticated investors seeking enhanced yield from gold exposure in sideways or moderately rising markets, though it limits upside participation and incurs notional transaction costs of approximately 0.84% annually. The issuer, UBS AG, a Zurich-headquartered global financial services firm founded in 1862 as a predecessor entity, operates worldwide with a focus on wealth management, investment banking, and structured products like ETRACS ETNs. In a significant recent development, UBS AG assumed obligations for the GLDI ETN following the merger of UBS AG and Credit Suisse AG, completed on May 31, 2024; this Parent Bank Merger resulted in Credit Suisse AG's deregistration, with UBS succeeding to all rights and obligations under outstanding Credit Suisse-issued ETNs, including GLDI, which was rebranded from X-Links Gold Shares Covered Call ETN to its current ETRACS designation while retaining the same ticker, CUSIP, terms, and NASDAQ listing. No other major partnerships, acquisitions, funding rounds, product launches, or operational shifts specific to GLDI have been reported in the last 1-2 years. The ETN remains part of UBS's broader ETRACS platform, which offers similar covered call strategies on commodities such as silver (SLVO) and crude oil (USOI).