NEW YORK,
Sept. 10, 2015 /PRNewswire/
-- On August 17, 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
September expiration. We expect that the notional cash distribution
generated by this sale of options will be withdrawn from the
Indices on September 14, 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that the notional cash distribution is withdrawn from the Indices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 September 14, 2015, we expect to
declare a coupon of $0.1022 per ETN
on the GLDI ETNs and a coupon of $0.1184 per ETN on the SLVO ETNs for payment on
or around September 25, 2015, payable
to the holder of record on September 22,
2015. The expected coupon amount 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 amounts on the ETNs will vary and could be zero. Variable
monthly coupon amounts 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 46,600 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 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 July 20,
2015, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI
Pricing Supplement Addendum:
https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=GLDI
SLVO:
Pricing Supplement dated July 20,
2015, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO
Pricing Supplement Addendum:
https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=SLVO
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 1-800-320-1225.
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