Credit Suisse Announces May Monthly Coupon Payments of $0.0939 per ETN on its Gold Shares Covered Call ETN (ticker symbol "GLDI") and $0.1328 per ETN on its Silver Shares Covered Call ETN (ticker symbol "SLVO") - MarketWatch

Credit Suisse Announces May Monthly Coupon Payments of $0.0939 per ETN on its Gold Shares Covered Call ETN (ticker symbol "GLDI") and $0.1328 per ETN on its Silver Shares Covered Call ETN (ticker symbol "SLVO") - MarketWatch



This is a short article about Credit Suisse making monthly coupon payments on its gold ETN (GLDI) and the silver ETN (SLVO).  This is basically a dividend payment although it is not guaranteed. Currently, GLDI is making 8% per year while SLVO is yielding more than 10%.  The money is generated through the sale of options.  These ETNs may be worthwhile for holding if we get in a situation where stocks are only gaining in low single digits due to a stock market top.