VelocityShares VIX MT ETN
VIIZ
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Nov 30, 2010
- Website
- credit-suisse.com
- Similar Companies
- Business
- VelocityShares VIX MT ETN (VIIZ) is an exchange-traded note issued by Credit Suisse AG that seeks to track the daily performance of the S&P 500 VIX Mid-Term Futures Index ER (Excess Return), less the investor fee; this unleveraged product provides long exposure to the middle portion of the VIX futures curve by holding equally weighted positions in the fourth through seventh month VIX futures contracts, rolling daily to maintain an average maturity of five months. The ETN targets investors seeking mid-term volatility exposure tied to the CBOE Volatility Index (VIX), serving institutional and retail traders in the derivatives and volatility trading segments. VIIZ trades on the Nasdaq exchange and operates globally through U.S. markets, with Credit Suisse AG headquartered in Zurich, Switzerland. Launched on November 29, 2010, as part of the VelocityShares branded suite of volatility-linked ETNs, VIIZ represented Credit Suisse's offering in the structured products space prior to significant issuer changes. In July 2018, Credit Suisse announced the acceleration of VIIZ alongside related ETNs including TVIZ, providing holders a cash payment based on the closing indicative value on August 10, 2018, with trading ceasing on August 14, 2018; the issuer confirmed no further issuance of new shares following this event. This acceleration marked a major operational wind-down for the product amid broader portfolio adjustments by Credit Suisse, which has since integrated into UBS Group AG.