The Swiss bank is seeking to expand its presence and proactively push its offering in the US ETN space.

Following the completion of its acquisition of Credit Suisse (CS) earlier this spring, UBS has rebranded three covered call exchange-traded notes (ETNs) issued under CS, adding significant AuM to its existing ETRACS ETN platform. These ETNs distribute variable monthly income generated from hypothetical sales of call options on gold, silver and crude oil ETFs respectively, and include the ETRACS Gold Shares Covered Call ETN (GLDI) linked to the Credit Suisse NASDAQ Gold FLOWS 103 Index; ETR

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