VIIZ was a long unleveraged mid-term VIX ETN by VelocityShares, issued by Credit Suisse.
It ceased trading on 10 August 2018.
VIIZ Exposure and Basic Characteristics
VIIZ was an exchange traded note by VelocityShares, tracking the S&P500 VIX Mid-Term Futures Index and therefore providing an exposure to VIX futures with longer time to expiration (five months – compared to one month of the VIIX ETN). These ETNs were among the exchange traded products targeting volatility and the VIX (CBOE Volatility Index).
Direction: Long, unleveraged
Underlying index: S&P500 VIX Mid-Term Futures Index ER
Exposure: Middle of the VIX futures curve (long positions in the fourth, fifth, sixth, and seventh VIX futures contract months, rolling from the fourth to the seventh with passing time to maintain constant 5-month maturity)
VIIZ options: Not available
Product type: ETN (exchange traded note)
Issuer: Credit Suisse AG
Inception date: 29 November 2010
Closing date: 10 August 2018
The VelocityShares Daily Long VIX Medium-Term ETNs are senior, unsecured obligations of Credit Suisse AG acting through its Nassau branch. The return on the ETNs is linked to the daily performance of the S&P 500 VIX Mid-Term Futures Index ER less the investor fee.
Product page and prospectus no longer available (previously at https://www.velocityshares.com/etnsviiz).