Credit Suisse S&P MLP Index ETN
MLPO
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
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- United States of America
- IPO Date
- Dec 9, 2014
- CIK
- 0001053092
- Similar Companies
- Business
- Credit Suisse S&P MLP Index ETN (MLPO) is an exchange-traded note that seeks to track the performance, before fees and expenses, of the S&P MLP Index, which comprises master limited partnerships (MLPs) and similarly taxed limited liability companies engaged in the energy infrastructure sector, including transportation, storage, and processing of energy commodities; the ETN offers investors exposure to MLP distributions through quarterly variable coupon payments based on the index's performance, with a maturity date of December 4, 2034, subject to earlier redemption or call by the issuer. Issued by Credit Suisse AG (Nassau Branch), now succeeded by UBS AG following the 2023 acquisition of Credit Suisse Group AG and the subsequent Parent Bank Merger in 2024 that resulted in Credit Suisse AG ceasing to exist as a separate entity, the ETN operates as a senior unsecured debt obligation of the issuer, traded on NYSE Arca, and targeted at investors seeking yield from U.S. energy infrastructure MLPs without direct ownership complexities such as K-1 tax forms. Headquartered in Zurich, Switzerland, with the issuer's Nassau Branch facilitating U.S. listings, the product was launched on December 2, 2014, and focuses on the U.S. energy limited partnership market. In a major development, Credit Suisse exercised its contractual right to call the ETNs in full, with the announcement made prior to the November 8, 2023, call settlement date, leading to mandatory redemption and delisting; investors received a cash payment per ETN based on the call settlement amount calculated from the S&P MLP Index performance over a specified measurement period, marking the product's termination. This followed UBS's 2023 takeover of Credit Suisse, during which UBS assumed obligations for outstanding Credit Suisse ETNs, rebranded certain surviving series from X-Links to ETRACS (though MLPO was not among them), and continued managing similar MLP-linked ETNs like quarterly pay leveraged products; no new issuances or revivals of MLPO occurred post-call, rendering it defunct. The redemption aligned with broader industry trends of ETN issuer calls amid market shifts and issuer consolidations, with no reported partnerships, funding, or expansions in the product's final years.