VelocityShares 2x Inverse Palladium ETN(IPAL)
IPAL is defunct since December 28, 2012. Lack of investor interest
IPAL Description
"The VelocityShares 2x Inverse Palladium ETNs linked to the S&P GSCI® Palladium Index ER (the “ETNs”) are senior, unsecured obligations of Credit Suisse AG (“Credit Suisse”) acting through its Nassau branch. The ETNs seek to provide inverse exposure to two times (2x) the daily performance of the S&P GSCI® Palladium Index ER (the “Index”) plus a daily accrual equal to the return that could be earned on a notional capital reinvestment at the three month U.S. Treasury rate as reported on Bloomberg under ticker USB3MTA, less the daily investor fee. The ETNs are intended to provide traders with an exchange traded instrument enabling them to efficiently express their market views on the COMEX palladium future."
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