VelocityShares Daily Inverse VIX Medium-Term ETN

VelocityShares Daily Inverse VIX Medium-Term ETN is an exchange traded note launched by Credit Suisse AG, Nassau Branch. The note seeks to track -1x of the daily performance of the S&P 500 VIX Mid-Term Futures Index ER. The Index represents the public equity markets of the United States. It comprises of short positions of mid-term futures contracts on the CBOE Volatility Index. The index represents the stocks of companies operating across diversified sectors. It represents the volatile stocks of large-cap companies. The ETN will mature on December 4, 2030. VelocityShares Daily Inverse VIX Medium-Term ETN was formed on November 29, 2010 and is domiciled in Switzerland.