NEW YORK,
June 18, 2014 /PRNewswire/
-- On June 16, 2014, Credit
Suisse declared $0.0491 per ETN
monthly Coupon Payment for the Gold Shares Covered Call ETN (the
"GLDI ETN") and declared $0.1327 per
ETN monthly Coupon Payment for the Silver Shares Covered Call ETN
(the "SLVO ETN"). The respective Coupon Payments are payable on
June 25, 2014 to holders of record on
June 20, 2014. The ex-dividend date
is June 18, 2014.
The Coupon Payments represent a current yield of
approximately 4.32% per annum on the GLDI ETN and a current yield
of approximately 10.53% 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
June 16, 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.
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.
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SOURCE Credit Suisse AG