UGAZ - VelocityShares 3x Long Natural Gas ETN
The VelocityShares 3x Long Natural Gas ETNs (the "ETNs")are senior, unsecured debt securities issued by Credit Suisse AG (the "Issuer"), acting through its Nassau Branch. Investors are dependant on the Issuer's ability to pay all amounts due on the ETNs, and therefore investors are subject to the Issuer's credit risk. Any decline in Issuer's credit ratings or adverse changes in the market's view of Issuer's creditworthiness or any increase in Issuer's credit spreads is likely to adversely affect the market value of the ETNs prior to maturity.
The ETNs seek to provide long exposure to three times (3x) the daily performance of the S&P GSCI Natural Gas Index ER 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, less the daily investor fee.
The ETNs aim to provide traders to efficiently express their market views on the NYMEX natural gas future.
The ETNs do not represent an investment in physical natural gas.
Further information: http://www.velocityshares.com/pdf/UGAZProductPage.pdf