NEW YORK,
July 27,
2015 /PRNewswire/ --
- On July 13, 2015, Credit
Suisse declared Coupon Amounts for the Credit Suisse X-Links Gold
Shares Covered Call ETN and the Credit Suisse X-Links Silver Shares
Covered Call ETN. Coupon details can be found in the table
below.
- The aforementioned ETNs are listed on the
NASDAQ.
ETN Ticker
|
ETN Name
|
Ex-Date
|
Record Date
|
Payment
Date
|
Coupon
Amount
|
Coupon
Frequency
|
Current Yield*+
|
GLDI
|
X-Links Gold
Shares Covered
Call ETN
|
7/20/2015
|
7/22/2015
|
7/27/2015
|
$0.0764
|
Monthly
|
8.01%
|
SLVO
|
X-Links Silver
Shares Covered
Call ETN
|
7/20/2015
|
7/22/2015
|
7/27/2015
|
$0.0713
|
Monthly
|
8.00%
|
* The "Current Yield" equals the current monthly Coupon Amount
annualized and divided by the Closing Indicative Value of the
applicable ETN on July 13, 2015.
+ The "Current Yield" is not indicative of
future monthly Coupon Amounts, if any, on the ETNs. The monthly
Coupon Amounts (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 Amounts do not represent fixed
periodic interest Amounts.
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 46,400 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 1-212-538-7333.
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