NEW YORK,
May 8, 2015 /PRNewswire/ -- On
April 13, 2015, the Credit Suisse
NASDAQ Gold FLOWS 103 Index and the Credit Suisse NASDAQ Silver
FLOWS 106 Index (the "Indices") concluded the notional sale of
options on GLD shares and SLV shares with May expiration. We expect
that the notional cash distribution generated by this sale of
options will be withdrawn from the Indices on May 11, 2015, subject to adjustment in the event
of any market disruption events.
Assuming no redemption or acceleration of the ETNs and
that the notional cash distribution is withdrawn from the Indices
on May 11, 2015, we expect to declare
a coupon of $0.0328 per ETN on the
GLDI ETNs and a coupon of $0.0469 per
ETN on the SLVO ETNs for payment on or around May 26, 2015, payable to the holder of record on
May 20, 2015. The expected coupon
payment may be subject to change upon the occurrence of a
disruption event or other unforeseen circumstances.
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.
Coupon payments on the ETNs will vary and could be zero. Variable
monthly coupon payments 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.
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 offers clients its
combined expertise in the areas of private banking, investment
banking and asset management. Credit Suisse provides advisory
services, comprehensive solutions and innovative products to
companies, institutional clients and high-net-worth private clients
globally, as well as 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.
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 May 4,
2015 and the Prospectus dated May 4,
2015 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 or clicking the hyperlinks below:
GLDI:
Pricing Supplement dated May 4,
2015:
http://www.sec.gov/Archives/edgar/data/1053092/000089109215003889/e63988_424b2.htm
Pricing Supplement Addendum dated May 4,
2015:
http://www.sec.gov/Archives/edgar/data/1053092/000089109215003943/e64075_424b2.htm
SLVO:
Pricing Supplement dated May 4,
2015:
http://www.sec.gov/Archives/edgar/data/1053092/000089109215003890/e63984_424b2.htm
Pricing Supplement Addendum dated May 5,
2015:
http://www.sec.gov/Archives/edgar/data/1053092/000089109215003994/e64099_424b2.htm
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.
This document was produced by and the opinions expressed are
those of Credit Suisse as of the date of writing and are subject to
change.
Copyright © 2015, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG
