NEW YORK,
June 30, 2014
/PRNewswire/ -- On June 16,
2014, 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 July expiration. We expect that the notional cash distribution
generated by this sale of options will be withdrawn from the
Indices on July 14, 2014, 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that the notional cash distribution is withdrawn from the Indices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 July 14, 2014, we expect to
declare a coupon of $0.0722 per ETN
on the GLDI ETNs and a coupon of $0.1054 per ETN on the SLVO ETNs for payment on
or around July 25, 2014, payable to
the holder of record on July 22,
2014. The expected coupon payment may be subject to change
upon the occurrence of a disruption event or other unforeseen
circumstances. The expected coupon payments represent an indicative
yield of approximately 6.36% per annum on the GLDI ETN and an
indicative yield of approximately 8.36% per annum on the SLVO
ETN. The "indicative yield" equals the expected coupon
payment annualized and divided by the closing indicative value of
the applicable ETN on June 16,
2014.
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 AG. 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.
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 or clicking the hyperlinks below:
GLDI:
http://www.sec.gov/Archives/edgar/data/1053092/000089109213000653/e51690_424b2.htm
http://www.sec.gov/Archives/edgar/data/1053092/000089109214004537/e59256_424b2.htm
SLVO:
http://www.sec.gov/Archives/edgar/data/1053092/000089109213003364/e53194_424b2.htm
http://www.sec.gov/Archives/edgar/data/1053092/000089109214003968/e58937_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 © 2014, CREDIT SUISSE GROUP AG and/or its
affiliates. All rights reserved.
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SOURCE Credit Suisse AG