USLV Profile
Credit Suisse AG - VelocityShares 3x Long Silver ETN (USLV) is an exchange-traded note issued by Credit Suisse AG. It seeks to provide investors with three times the daily return of the S&P GSCI Silver Index ER, which tracks the performance of the silver commodity market. This means that if the index rises by 1%, USLV is designed to increase by 3%, and if the index falls by 1%, USLV is designed to decrease by 3%. As an exchange-traded note, USLV is backed by the creditworthiness of the issuing bank, Credit Suisse AG, rather than physical silver holdings.
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