NEW YORK, Aug. 7, 2018 /PRNewswire/ -- Credit
Suisse AG ("Credit Suisse") issued an announcement today that it
will suspend new issuances of FIEU ETNs in connection with their
upcoming scheduled maturity (see details in table below):
ETN
Name*
|
Exchange
|
Exchange
Ticker
|
CUSIP
|
Maturity
Date
|
Credit Suisse FI
Enhanced Europe 50 ETNs due September 10, 2018
|
NYSE Arca
|
FIEU
|
22542D100
|
9/10/2018
|
*The table above provides a hyperlink to the FIEU pricing
supplement.
As of August 29, 2018, Credit
Suisse will suspend new issuances of FIEU ETNs. The FIEU ETNs are
scheduled to mature on September 10,
2018. Please see the pricing supplement for detailed
information relating to the calculation of the payment at maturity
and relating to the maturity date generally.
Credit Suisse expects that the NYSE Arca will allow the FIEU
ETNs to continue to trade until September 7,
2018. Investors who buy such ETNs at any time for an amount
that is greater than the amount they receive on the maturity date
(including paying any premium to the payment at maturity, once this
amount has been determined) will suffer a loss on their investment.
Furthermore, investors who sell such ETNs at any time for an amount
that is less than the amount they would have received on the
maturity date (including selling at any discount to the payment at
maturity, once this amount has been determined) will also suffer a
loss. In either case, such losses could be significant. Investors
will not receive any other compensation or amount for the loss of
the investment opportunity of holding such ETNs and investors may
be unable to invest in other securities with a similar level of
risk and/or that provide a similar investment opportunity as such
ETNs.
None of the other ETNs offered by Credit Suisse are affected by
this announcement. All dates referenced above are subject to
change, including postponement due to certain events.
Press Contacts
Azar
Boehm, Credit Suisse AG, telephone +1 212 538 3953,
azar.boehm@credit-suisse.com
Credit Suisse ETNs
Telephone +1 800 320 1225,
ETN.Desk@credit-suisse.com
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'). Our strategy builds on Credit Suisse's core strengths:
its position as a leading wealth manager, its specialist investment
banking capabilities and its strong presence in our home market of
Switzerland. We seek to follow a
balanced approach to wealth management, aiming to capitalize on
both the large pool of wealth within mature markets as well as the
significant growth in wealth in Asia
Pacific and other emerging markets, while also serving key
developed markets with an emphasis on Switzerland. Credit Suisse employs
approximately 45,430 people. The registered shares (CSGN) of Credit
Suisse AG'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.
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SOURCE Credit Suisse AG