VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER
UGAZF
Other OTC- -
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
- United States of America
- IPO Date
- Feb 8, 2012
- CIK
- 0001053092
- Similar Companies
- Business
- VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER (UGAZF) is an exchange-traded note (ETN) issued by Credit Suisse AG, Nassau Branch, that provides leveraged exposure to the natural gas commodity market. The ETN seeks to deliver three times (3x) the daily percentage change in the level of the S&P GSCI Natural Gas Index Excess Return (ER), which tracks long positions in natural gas futures contracts and related derivatives, less the investor fees; it matures on February 9, 2032. Launched on February 7, 2012, and domiciled in Switzerland, the product targets sophisticated investors seeking amplified daily returns tied to natural gas price movements, with operations facilitated through U.S. exchanges and over-the-counter trading. The core offering consists solely of this senior unsecured debt note, which replicates leveraged long exposure to the specified index without direct ownership of physical commodities or futures; no additional product lines, brands, or service variants are provided under the VelocityShares branding for this ETN. Credit Suisse, the issuer, structures the ETN as part of its broader exchange-traded products lineup focused on commodities, volatility, and leveraged strategies, serving institutional and retail traders in the derivatives and commodities sectors across global markets, primarily North America and Europe. In recent major developments, the ETN was delisted from its primary NYSE Arca exchange in July 2020, with Credit Suisse suspending new issuances thereafter, shifting trading to over-the-counter markets; on October 19, 2023, Credit Suisse exercised its optional acceleration right, setting a final redemption date of November 1, 2023, for all outstanding UGAZF notes, effectively terminating the product early. These actions followed a 1-for-10 reverse stock split in December 2019 and aligned with Credit Suisse's strategic retreat from certain high-volatility leveraged ETNs amid market and regulatory pressures. Following Credit Suisse's acquisition by UBS Group AG in 2023, no relaunches or transitions of UGAZF have been announced, with lingering over-the-counter quotes reflecting residual trading activity.