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Investment Banking & Investment Services
Financial
ETN
VelocityShares 3x Inverse Silver ETN is an exchange traded note launched by Credit Suisse AG, Nassau Branch. The note seeks to track thrice the inverse of the daily performance of the S&P GSCI Silver Index ER. The index represents the commodity markets. It takes short positions in futures contracts to represent silver. The ETN will mature on October 14, 2031. VelocityShares 3x Inverse Silver ETN was formed on October 14, 2011 and is domiciled in Switzerland.
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