Hacker News new | ask | show | jobs
by Hasz 3061 days ago
Credit Suisse is not obligated too, but it's likely they will.
1 comments

Even if it's all by the contract, one would suppose an issuer would think very hard before doing that. It could taint their brand, their other leveraged ETFs, or even bring down more regulations.
Barclays did that I think in 2011. Their ETN was badly designed, the termination event was based on an absolute $ price, not a % movement.