August 11, 2015 at 10:52AM
- SLVO is an ETN issued by Credit Suisse, benchmarked to the Credit Suisse NASDAQ SilverFLOWSTM 106 Index, a proprietary index designed to track a covered call strategy.
- The Credit Suisse NASDAQ Silver FLOWSTM 106 Index notionally sells approximately 6% out of the money notional calls each month while maintaining a notional long position in SLV shares.
- The exchange traded note can potentially lower the downside risk over owning SLV shares outright with the approximately 14% distribution representing the covered call premiums.
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