ETRACS Silver Shares Covered Call ETN

  • Current Indicative Value
  • 12/31/1969 | 07:00 pm
  • USD --
  • Current Spot Price USD 74.60
  • 12/31/1969 | 07:00 pm

Index Profile

Underlying Index Credit Suisse NASDAQ Silver FLOWS™ 106 Index (Price Return)
Ticker symbol QSLVO

About the index

The Index seeks to implement a "covered call" investment strategy by maintaining a notional long position in shares of the iShares® Silver Trust ETF (Ticker: SLV) (the "SLV shares") while notionally selling call options on that position on a monthly basis that are approximately 6% out-of-the-money. The notional net premiums (if any) received for selling the calls are paid out at the end of each monthly period. The strategy is designed to generate monthly cash flow in exchange for giving up any gains beyond the strike price. The strategy provides no protection from losses resulting from a decline in the value of the SLV shares beyond the notional call premium received, if any.

Index Historical Returns

Name 1 Month 3 Months 6 Months 1 Year 3 Years
Credit Suisse NASDAQ Silver FLOWS™ 106 Index (Price Return) -4.12% -6.01% -7.36% -0.35% -22.74%

Source: UBS Investment Bank, publicly available data.

Historical information presented is furnished as a matter of information only. Historical performance of the Index is not an indication of future performance. Future performance of the Index may differ significantly from historical performance, either positively or negatively.

Index Historical Returns are calculated on the basis of intraday index levels or closing index levels where relevant.