NEW YORK, May 18, 2016 /PRNewswire/ -- Credit Suisse
today announced the launch of its X-LinksTM Monthly
Pay 2xLeveraged Alerian MLP Index ETN, which is listed on NYSE
Arca under the ticker symbol "AMJL" and will begin trading
this morning.
AMJL Profile
ETN Ticker
|
AMJL
|
Underlying
Index
|
Alerian MLP Index
(price return)
|
Index
Ticker
|
AMZ
|
Leverage
|
2x
|
2x Index
Yield1
|
15.44%
|
Income
Potential
|
Variable monthly
coupon2
|
Tracking
Rate
|
0.85% per annum,
accrued on a daily basis3
|
Financing
Rate
|
3 Month LIBOR + 0.80%
per annum, accrued on a daily basis3
|
Indicative Value
Ticker4
|
AMJLIV < INDEX
> (Bloomberg) / ^AMJL-IV (Yahoo! Finance)
|
1 The 2x Index Yield was calculated by the Index
Sponsor as of May 12, 2016 and
represents two (2) times the weighted-average of the 12-month
dividend yields of the current Index Constituents. The comparable
12-month yield of the ETNs is affected by a variety of factors, and
at any given time may be less than the 2x Index Yield at such
time.
2 Investors are not guaranteed any coupon or
distribution amount under the ETN. Any payment on the ETNs is
subject to our ability to pay our obligations as they become
due.
3 In addition to the Accrued Tracking Fee (based on
the Tracking Rate) and Accrued Financing Charge (based on the
Financing Rate), if your ETNs are redeemed directly with Credit
Suisse, you will be charged a Redemption Fee. Please see the
pricing supplement for disclosure of fees and charges. Please
consult your financial advisor to learn more about the costs
associated with the purchase or sale of this ETN in the secondary
market.
4 The Intraday Indicative Value and the Closing
Indicative Value will be published on each Trading Day under the
Bloomberg ticker symbol "AMJLIV < INDEX >" and under
the Yahoo! Finance ticker symbol "^AMJL-IV". The "indicative value"
for the ETNs is designed to reflect the economic value of the ETNs
at a given time. The indicative value is a calculated value and is
not the same as the trading price of the ETNs and is not a price at
which you can buy or sell the ETNs in the secondary market. The
indicative value does not take into account the factors that
influence the trading price of the ETNs, such as imbalances of
supply and demand, lack of liquidity and credit considerations. The
actual trading price of the ETNs in the secondary market may vary
significantly from their indicative value. Investors can compare
the trading price (if such concurrent trading price is available)
of the ETNs against the indicative value to determine whether the
ETNs are trading in the secondary market at a premium or a discount
to the economic value of the ETNs at any given time. Investors are
cautioned that paying a premium purchase price over the indicative
value at any time could lead to the loss of any premium in the
event the investor sells the ETNs when such premium is no longer
present in the market place or your ETNs are repurchased by us
(including if we exercise our right to call the ETNs). It is also
possible that the ETNs will trade in the secondary market at a
discount below the indicative value and that investors would
receive less than the indicative value if they had to sell their
ETNs in the market at such time.
About AMJL and the Alerian MLP Index
AMJL provides a monthly compounded, 2x leveraged long exposure
to the price return version of the Alerian MLP Index and may pay a
variable monthly coupon linked to the net cash
distributions, if any, of the Index Constituents. AMJL tracks
the Alerian MLP Index (the "Index"), which measures the
composite performance of leading energy Master Limited Partnerships
("Index Constituents") that represent approximately 85% of the
total energy MLP float-adjusted market capitalization. Alerian, the
Index Sponsor, selects the Index Constituents. The Index is
calculated using a float-adjusted, capitalization-weighted
methodology and its price return version is disseminated real-time
under the ticker symbol "AMZ". The Index was launched on
June 1, 2006 and, therefore, has no
performance history prior to that date.
"Energy MLPs continue to be a sought-after asset class for
investors seeking yields," said Paul
Somma, Head of Exchange Traded Notes at Credit Suisse. "So
we are pleased to partner with Alerian, a market leader in the MLP
space, to offer a two-times leveraged ETN linked to the Alerian MLP
Index."
More information on the Credit Suisse X-Links Monthly Pay
2xLeveraged Alerian MLP Index ETN can be found on:
www.credit-suisse.com/etn
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. 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 48,200 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 AG ("Credit Suisse") has filed a registration
statement (including prospectus supplement and 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
Prospectus dated May 4, 2015, to
understand fully the terms of the ETNs and other considerations
that are important in making a decision about investing in the
ETNs. You may get these documents without cost by visiting EDGAR on
the SEC website at www.sec.gov. Alternatively, Credit Suisse,
Credit Suisse Securities (USA) LLC
or any agent or dealer participating in an offering will arrange to
send you the applicable Pricing Supplement, Prospectus Supplement
and Prospectus if you so request by calling +1 800 320 1225.
AMJL:
Pricing Supplement dated May 17,
2016, including the Prospectus dated May 4, 2015 and Prospectus Supplement dated
May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=AMJL
You may access the Prospectus Supplement and Prospectus on the
SEC website at www.sec.gov or by clicking on the hyperlinks to each
of the respective documents incorporated by reference in the
Pricing Supplement.
Copyright © 2016, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG