SLVO Silver Covered Call Option ETN

This is an exchange traded note issued by Credit Suisse AG, acting through its Nassau Branch that is linked to the return of the Credit Suisse NASDAQ Silver FLOWS (Formula-Linked OverWrite Strategy) 106 Index. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in a covered call strategy on SLV shares. The ETNs pay a monthly variable cash coupon based on the notional premiums received from selling the calls. The Index seeks to implement a “covered call” investment strategy by maintaining a notional long position in shares of the iShares Silver Trust ETF while notionally selling monthly out-of-the-money call options on that position.

$79.87  0.00 (0.00%)
As of 03/22/2023 00:00:00 EST     IEX book   CBOE book

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ETN Information

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Sponsor:     Credit Suisse ETNs
Category1:  Alternatives
Category2:  Options
Category3:  Covered calls
Morningstar category:  Commodities Precious Metals
Leverage factor:  1.00
Inception date:  04/17/2013
Current yield:  9.59%
Historical average yield:  13.77%
Market cap:  $0
Average volume:  11,323
Fees:     0.6500%

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Index Information

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Credit Suisse NASDAQ Silver Flows 106 Index Excess Return
Index symbol:  QSLVO
Provider:   NASDAQ OMX
Total return index symbol:  QSLVOTR
Index weighting:   Market capitalization
Index inception date:  03/23/2013
Backtesting data exists:   Yes