/PRNewswire/ -- The Cushing® 30 MLP Index ETN (The "ETN") (NYSE Arca: MLPN) are senior unsecured debt securities linked to the performance of the Cushing
30 MLP Index (the "Index"), and may pay a variable quarterly coupon linked to the cash distributions paid on the constituent MLPs in the Index, as reduced by the multiplier and the investor fee.
ETN Annual Investor Fee: 0.85%
April 13, 2010
Shares outstanding as of
October 4, 2010
Average daily volume as of
October 4, 2010
High since inception: 22.11 (closing high)
Low since inception: 18.01 (closing low)
More information on the Cushing
30 MLP Index ETN can be found on:
The exchange traded approach offers a variety of advantages to investors, including real-time pricing, intraday liquidity and portfolio transparency – advantages previously not associated with alternative investments.
This ETN is linked to the performance of the Cushing® 30 MLP Index, an index which is calculated intraday and reflects the return of a dynamic basket of 30 equally-weighted publicly traded master limited partnerships ("MLPs") which hold mid-stream energy infrastructure assets in
. The MLPs underlying the Index are reset to an equal weighting on a quarterly basis in accordance with a formulaic, proprietary valuation methodology (SValuES©) developed by Swank Energy Income Advisors, L.P.
The ETN's investment performance depends on the performance of the underlying Cushing® 30 MLP Index, and is subject to fees which will impact the return on such investments. The ETN may not suitable for all investors.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in
. Credit Suisse is headquartered in
and operates in over 50 countries worldwide. The group employs approximately 47,400 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in
and, in the form of American Depositary Shares (CS), in
. Further information about Credit Suisse can be found at
In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 30 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services.