NEW YORK,
Jan. 14, 2014 /PRNewswire/
-- On January 13, 2014,
Credit Suisse declared $0.1355 per
ETN monthly Coupon Payment for the Gold Shares Covered Call ETN
(the "GLDI ETN") and declared $0.1397
per ETN monthly Coupon Payment for the Silver Shares Covered Call
ETN (the "SLVO ETN"). The respective Coupon Payments are payable on
January 27, 2014, to holders of
record on January 22, 2014. The
ex-dividend date is January 17,
2014.
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The Coupon Payments represent a current yield of
approximately 11.35% per annum on the GLDI ETN and a current yield
of approximately 10.48% per annum on the SLVO ETN. The "current
yield" equals the current monthly Coupon Payment annualized and
divided by the Closing Indicative Value of the applicable ETN on
January 10, 2014.
The current yield is not indicative of future monthly
Coupon Payments, if any, on the ETNs. The monthly Coupon Payments
(if any) are variable and dependent on the premium generated by the
notional sale of options on the GLD shares or the SLV shares, as
applicable, and such payments do not represent fixed periodic
interest payments.
The ETNs may not be suitable for all investors and should
be purchased only by knowledgeable investors who understand the
potential consequences of investing in the ETNs. The ETNs are
subject to the credit risk of Credit Suisse. You may receive less,
and possibly significantly less, than the principal amount of your
investment at maturity or upon repurchase or sale. The ETNs are not
linked to, and investors have no rights to any physical commodity.
Monthly coupon payments on the ETNs will vary and could be zero.
Variable monthly coupons are generated from selling covered calls,
which limits upside participation. There is no actual
portfolio of assets in which any investor in the ETNs has any
ownership or other interest. An investment in the ETNs
involves significant risks. For further information regarding
risks, please see the section entitled "Risk Factors" in the
applicable pricing supplement.
For more information on the Credit Suisse suite of ETN
offerings, please visit:
www.credit-suisse.com/etn.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial
services providers and is part of the Credit Suisse group of
companies (referred to here as 'Credit Suisse'). As an integrated
bank, Credit Suisse is able to offer clients its expertise in the
areas of private banking, investment banking and asset management
from a single source. Credit Suisse provides specialist advisory
services, comprehensive solutions and innovative products to
companies, institutional clients and high net worth private clients
worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50
countries worldwide. The group employs approximately 46,400 people.
The registered shares (CSGN) of Credit Suisse's parent company,
Credit Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New
York. Further information about Credit Suisse can be found
at www.credit-suisse.com.
SOURCE Credit Suisse AG