Credit Suisse Launch two Commodity ETNs

The Credit Suisse Commodity Benchmark ETNs are linked to the Credit Suisse Commodity Benchmark Total Return Index (the "Index"). The Index is designed to provide monthly rebalanced, long-only diversified exposure to commodities through notional investments in rolling futures contracts on physical commodities. 

 

The Credit Suisse Commodity Rotation ETNs are linked to the Credit Suisse Commodity Backwardation Total Return Index (the "Index"). The Index is a long-only commodity index that follows a rules-based strategy to select 8 out of 24 eligible commodities based on the price of the commodity futures contracts of various terms. The Index provides exposure to the commodities for which the prices of futures contracts that are nearer to expiration are highest relative to the prices of futures contracts for the same commodity that are longer to expiration. The Index is equally weighted and rebalanced monthly. 

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