UBS launches new $2bn share buyback [Yahoo! Finance]
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)
US:NASDAQ Investor Relations:
credit-suisse.com/articles/media-releases/2017/04/en/usoi-launch-pr.html
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Source: Yahoo! Finance
The scheme will begin on Wednesday, April 3, the Swiss bank said. The scheme follows the 2022 buyback, where UBS bought back 298.5 million of its shares - equivalent to 8.6% of its stock - for $5.2 billion. Rather than being cancelled, most of the repurchased shares were used in last year's takeover of Credit Suisse. Before the deal was announced, UBS had already repurchased nearly 1.2 billion Swiss francs ($1.32 billion) worth of its stock. "As previously communicated, in 2024 we expect to repurchase up to $1bn of our shares, commencing after the completion of the merger of UBS AG and Credit Suisse AG which is expected to occur by the end of the second quarter," the bank said in a statement. "Our ambition is for share repurchases to exceed our pre-acquisition level by 2026," it added. ($1 = 0.9062 Swiss francs) (Reporting by John Revill, Editing by Rachel More)
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- Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")PR Newswire
- UBS Group (UBS) Announces a New Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Swiss banking giant UBS to launch share buyback of up to $2 billion [MSNBC.com]MSNBC.com
- UBS announces a new share repurchase program of up to $2B [Seeking Alpha]Seeking Alpha
USOI
Sec Filings
- 4/23/24 - Form 6-K
- 4/19/24 - Form 424B2
- 4/5/24 - Form 6-K
- USOI's page on the SEC website