Credit Suisse AG exchange-traded note (ETN) known as the Credit Suisse VelocityShares Daily 2x VIX Short-Term ETN.
This ETN is designed to provide investors with a leveraged return based on the performance of the CBOE Volatility Index (VIX), a measure of expected volatility in the S&P 500 index. As an ETN, VIIZ is a type of debt security issued by Credit Suisse AG that is linked to the performance of the underlying index.
It is important to note that investing in leveraged or inverse ETNs can be particularly risky due to the potential for amplified losses or gains, as well as the potential for the ETN to experience significant tracking error relative to the underlying index. Additionally, these types of investments may be more suitable for experienced investors who are comfortable with taking on higher levels of risk. As of March 7, 2023, the market capitalization of VIIZ was not applicable, as it is not a stock but rather an ETN.
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