Credit Suisse Group AG announced an “event acceleration” of its VelocityShares Daily Inverse VIX Short Term Exchange-Traded Note, effectively announcing the liquidation of a product that allows investors to bet on muted moves in the stock market.

The bank said the acceleration date of the note, called XIV, is expected to be Feb. 21. That is when investors still holding it will receive a cash payment equal to that day’s closing value.

...