OTCPK:UWTIF - Post by User
Post by
Raymondbon Nov 17, 2016 5:18pm
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Post# 25477703
December 9 2016 - Delist And Suspend Of DWTI And UWTI ETNs
December 9 2016 - Delist And Suspend Of DWTI And UWTI ETNsNEW YORK,
Nov. 16, 2016 /PRNewswire/ -- Credit Suisse AG announced today its intention to delist and suspend further issuances of the following Exchange Traded Notes (the "ETNs"):
ETN
| | Ticker | CUSIP |
| VelocityShares™ 3x Inverse Crude Oil ETNs linked to the S&P GSCI® Crude Oil Index ER due February 9, 2032 | DWTI | 22542D548 |
| VelocityShares™ 3x Long Crude Oil ETNs linked to the S&P GSCI® Crude Oil Index ER due February 9, 2032 | UWTI | 22539T316 |
As part of its continuing effort to monitor and manage its suite of exchange traded notes, Credit Suisse AG has decided to delist the foregoing ETNs with a view to better aligning its product suite with its broader strategic growth plans. Accordingly, Credit Suisse AG anticipates that the ETNs will continue to trade on NYSE Arca up to and including
December 8, 2016 and that effective
December 9, 2016, the ETNs will no longer be listed for trading on any national securities exchange. In addition, Credit Suisse AG will suspend further issuances of these ETNs effective
December 9, 2016.
Link:
https://www.prnewswire.com/news-releases/credit-suisse-ag-announces-its-intent-to-delist-and-suspend-further-issuances-of-its-dwti-and-uwti-etns-300364595.html