"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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