NEW YORK, March 19, 2018 /PRNewswire/ -- On
March 19, 2018, Credit Suisse
declared coupon payments for the following ETNs:
|
ETN
Ticker
|
ETN
Name
|
Closing Indicative
Value on 2/28/18
|
Ex-Date
|
Record
Date
|
Payment
Date
|
Coupon Amount per
ETN1
|
Coupon
Frequency
|
Current
Yield2
|
|
USOI
|
Credit Suisse
X-Links® Crude
Oil Shares
Covered Call
ETN
|
$26.7232
|
3/20/18
|
3/21/18
|
3/26/18
|
$0.0439
|
Monthly
|
4.13%3
|
|
GLDI
|
Credit Suisse
X-Links® Gold Shares Covered Call ETN
|
$9.0742
|
3/20/18
|
3/21/18
|
3/26/18
|
$0.0306
|
Monthly
|
3.37%3
|
|
SLVO
|
Credit Suisse
X-Links® Silver Shares Covered Call ETN
|
$7.6494
|
3/20/18
|
3/21/18
|
3/26/18
|
$0.0263
|
Monthly
|
3.78%3
|
|
|
1. On March 6, 2018,
Credit Suisse announced expected coupon payments for USOI, GLDI and
SLVO. This Media Release supersedes any prior announcement with
respect to such expected coupon payments.
|
|
|
2. For each
ETN, the Current Yield equals the Coupon Amount, annualized and
divided by the Closing Indicative Value, as discussed in more
detail below. The Current Yield is not indicative of future
coupon payments, if any, on the ETNs. You are not guaranteed
any coupon payment or distribution under the ETNs. Coupon
payments for the ETNs (if any) are variable and do not represent
fixed, periodic interest payments. The Coupon Amount may vary
significantly from coupon period to coupon period and may be zero.
Any payment on the ETNs is subject to Credit Suisse's ability
to pay its obligations as they become due. Accordingly, the
Current Yield will change over time, and such change may be
significant. For more information regarding any ETN's coupon
payments, please refer to such ETN's pricing
supplement.
|
|
|
3. The Current Yield
equals the sum of (i) the Coupon Amount, plus (ii) the
amount of the ETN's two most recent coupon payments,
multiplied by four (to annualize such amounts),
divided by the Closing Indicative Value, and rounded to two
decimal places for ease of analysis.
|
Press Contact
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
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. Coupon payments
on the ETNs will vary and could be zero. There is no actual
portfolio of assets in which any investor in the ETNs has any
ownership or other interest. Investors in the ETNs do not have
voting rights, distribution rights or other rights with respect to
the assets included in the tracked indices. 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 46,840 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 June 30,
2017 and the Prospectus dated June
30, 2017 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:
USOI:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=USOI
GLDI:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI
SLVO:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO
Alternatively, Credit Suisse, Credit Suisse Securities
(USA) LLC 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.
X-Links® is a registered trademark of Credit Suisse
Securities (USA) LLC.
Copyright © 2018, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG