NEW YORK,
April 14, 2014 /PRNewswire/ --
On April 11, 2014, Credit Suisse
declared $0.1764 per ETN monthly
Coupon Payment for the Gold Shares Covered Call ETN (the "GLDI
ETN") and declared $0.2302 per ETN
monthly Coupon Payment for the Silver Shares Covered Call ETN (the
"SLVO ETN"). The respective Coupon Payments are payable on
April 25, 2014 to holders of record
on April 22, 2014. The ex-dividend
date is April 17,
2014.
The Coupon Payments represent a current yield of
approximately 14.81% per annum on the GLDI ETN and a current yield
of approximately 17.69% 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
April 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 46,000 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.
Credit Suisse has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission, or SEC,
for the offering to which this press release relates. Before you
invest, you should read the applicable pricing supplement, the
prospectus supplement dated March 23,
2012 and the prospectus dated March
23, 2012 that Credit Suisse has filed with the SEC for more
complete information about Credit Suisse and this offering. You may
obtain these documents without cost by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, Credit Suisse or any agent
or any dealer participating in this offering will arrange to send
you the applicable pricing supplement, prospectus supplement and
prospectus if you so request by calling 1-800-221-1037.
Logo - http://photos.prnewswire.com/prnh/20091204/CSLOGO
SOURCE Credit Suisse AG