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Credit Suisse Ends Curb on VIX Note After Whipsawing Owners

Credit Suisse Group AG, under pressure to restore order in an exchange-traded note tracking U.S. equity volatility, said it will start resupplying the market with shares today after cutting issuance off in February.

Stock will be added to the VelocityShares Daily 2x VIX Short-Term ETN, or TVIX. The security, designed to track Chicago Board Options Exchange Volatility Index futures, has whipsawed investors for the past month, climbing 89 percent above its asset value and plunging 29 percent yesterday before Credit Suisse’s announcement. It fell another 30 percent to $7.16 today, extending its retreat since Oct. 3 to 93 percent.