Credit Suisse X-Links WTI Crude Oil Index ETN
OIIL
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Feb 9, 2016
- Similar Companies
- Business
- Credit Suisse X-Links WTI Crude Oil Index ETN (OIIL) is an exchange-traded note (ETN) that provides investors with exposure to the performance of the WTI Crude Oil Index through senior, unsecured debt obligations issued by Credit Suisse AG, acting through its Nassau Branch; it tracks the price return of West Texas Intermediate (WTI) crude oil futures contracts as reflected in the underlying index, offering a leveraged or direct commodity-linked investment vehicle without physical delivery of oil. The ETN trades on major U.S. exchanges such as NYSE Arca, features a maturity initially set for February 8, 2036, and targets institutional and retail investors seeking commodity price participation amid energy market volatility. Originally launched around 2018 as part of Credit Suisse's X-Links structured product lineup, OIIL operates within the broader exchange-traded products segment of the financial services industry, with principal geographic focus on U.S. markets and global oil benchmarks. The ETN's core offering centers on the WTI Crude Oil Index ETN product, which delivers returns tied to daily futures roll strategies for WTI crude oil, providing leveraged exposure to spot oil prices via futures contracts; it includes no dividends or physical assets, relying instead on the issuer's creditworthiness for principal protection until maturity or redemption. OIIL distinguishes itself from covered call variants like USOI by emphasizing pure index tracking without options overlays, appealing to investors focused on directional oil price movements rather than income generation. In a significant development, Credit Suisse AG was acquired by UBS Group AG in 2023 in a government-backed transaction valued at approximately 3 billion Swiss francs, marking one of the largest banking mergers in history and leading to UBS's assumption of outstanding Credit Suisse ETNs including those under the X-Links brand. Following the merger's completion in June 2023, UBS rebranded many Credit Suisse exchange-traded notes to the ETRACS platform in May 2024, enhancing continuity for products like OIIL while integrating them into UBS Investment Bank's structured offerings; this shift included operational alignments such as updated prospectuses and ongoing coupon declarations for related ETNs as recently as September 2025. Headquartered in Zurich, Switzerland, with key U.S. operations through its Nassau Branch, the issuer maintains global reach across North America, Europe, and Asia-Pacific for its commodity-linked ETNs.