VelocityShares 2x Inverse Platinum ETN(IPLT)- NASDAQ
IPLT is defunct since December 28, 2013. Early Redemption
IPLT Description
The VelocityShares 2x Inverse Platinum ETNs linked to the S&P GSCI® Platinum 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® Platinum 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 platinum future.
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