NEW YORK,
May 15, 2014 /PRNewswire/
-- On May 12, 2014,
Credit Suisse declared $0.0939 per
ETN monthly Coupon Payment for the Gold Shares Covered Call ETN
(the "GLDI ETN") and declared $0.1328
per ETN monthly Coupon Payment for the Silver Shares Covered Call
ETN (the "SLVO ETN"). The respective Coupon Payments are payable on
May 27, 2014 to holders of record on
May 21, 2014. The ex-dividend date is
May 19, 2014.
The Coupon Payments represent a current yield of
approximately 8.06% per annum on the GLDI ETN and a current yield
of approximately 10.55% 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
May 12, 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 45,600 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.
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SOURCE Credit Suisse AG
