USOI X-Links Crude Oil Shares Covered Call ETN

This is an exchange traded note issued by Credit Suisse linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crude Oil FLOWS 106 Index. The ETNs may pay a variable monthly coupon based on the notional option premiums, if any, generated by the Index's hypothetical monthly sale of call options on the shares of the United States Oil Fund, LP (such shares the "USO Shares"). The Index uses a rules-based algorithmic approach that seeks to replicate operating a monthly “covered call” income strategy on an ETF on WTI crude oil, maintaining a long position in shares of the United States Oil Fund LP (USO) (the “Shares”) while selling hypothetical call options each month on that position (the “Options”). The hypothetical sale of options (“New Options”) and repurchase of existing options (“Expiring Options”) will occur each month, generally over a five day period (the “Roll Period”), in order to “roll” the options and maintain a continuing short Option position on the Shares.

$76.32  -2.89 (-3.65%)
As of 03/14/2023 16:00:00 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 Energy
Leverage factor:  1.00
Inception date:  04/26/2017
Current yield:  12.57%
Historical average yield:  4.32%
Market cap:  $0
Average volume:  68,258
Fees:     0.8500%

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Index Information

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Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index
Index symbol:  QUSOI
Provider:   NASDAQ OMX
Index weighting:   Market capitalization
Index inception date:  09/26/2016
Backtesting data exists:   Yes