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U.S.-Listed ETF listed on a U.S. stock exchange



The ETF: Credit Suisse Leveraged Merger Arbitrage Index ETN (CSMB)

 

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Credit Suisse Leveraged Merger Arbitrage Index ETN
The Credit Suisse Leveraged Merger Arbitrage Index ETN consists of medium-term notes of Credit Suisse AG, the return on which is linked on a leveraged basis to the performance of the Credit Suisse Merger Arbitrage Liquid Index (Net). The Index uses a quantitative methodology to track a dynamic basket of securities held as long or short positions to include publicly announced merger and acquisition transactions that meet certain qualifying conditions. It is designed to capture the spread, if any, between the price at which the stock of a target company trades after a proposed acquisition of such target company is announced and the price that the acquiring company has proposed to pay for the stock of such target company. This spread typically exists due to the uncertainty that the announced merger or acquisition will close and, if it closes, that such merger or acquisition will be at the initially proposed economic terms. The leverage factor equals 2.0.

Investment type: ETN (Exchange-Traded Note); listed on the U.S. NYSE exchange

(Note that ETNs, unlike ETFs, are subject to risk if the issuing bank has its credit rating lowered or enters bankruptcy.)

Ticker symbol: CSMB

Fund manager: Credit Suisse

Fund information from Credit Suisse: Credit Suisse Leveraged Merger Arbitrage Index ETN

Fund launched:



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