I own 600 units of USOI issued by Credit Suisse. It gets called (I think the term is) in 2037. It was first issued in 2017 at $27 USD if I recall correctly. I bought at $4.87 ish I pretty sure, I have a 12-15% return on the units not including dividends, I cant quite remember. I've read that ETN function like bonds. Bonds have a par value that is the principal you paid for the bond (usually $1,000 if I'm not mistaken) that you get back when the bond matures. Does that mean Credit Suisse will pay me $27 USD for every unit of USOI I hold in 2037? I can't find a clear answer online.
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