NEW YORK, Sept. 30, 2015 /PRNewswire/ -- Credit
Suisse today announced the launch of its X-Links Multi-Asset High
Income ETN which is listed under the ticker symbol "MLTI" and will
begin trading on NYSE Arca this morning.
MLTI Profile
Underlying
Index
|
NYSE Multi-Asset High
Income Index
|
Index
Constituents
|
Up to 120
U.S.-listed, income-producing securities
|
Index
Yield*
|
7.93%
|
Income
Potential
|
Variable monthly
coupon**
|
Annualized Tracking
Fee Rate
|
0.84%, accrued on a
daily basis
|
* The Index Yield was calculated by NYSE Arca as of September 23, 2015 and represents the
weighted-average of the 12-month dividend yields of the current
Index Constituents. The Index was launched on March 30, 2015; therefore, no historical
information regarding constituents or dividend yields is available
prior to that date. Because the Index Yield does not reflect
investor fees or applicable withholding taxes, if any, and because
the variable monthly coupon that may be paid by the ETN, if any, is
subject to fees and withholding taxes, the yield on the ETNs will
always be less than the Index Yield (and the total return on the
ETNs will always be less than the total return on a hypothetical
direct investment in the Index or Index Constituents).
** Investors are not guaranteed any coupon or distribution
amount under the ETN. Any payment on the ETN is subject to our
ability to pay our obligations as they become due.
"Investors seeking income typically turn to investments in a
single asset segment," said Paul
Somma, Head of Exchange Traded Notes at Credit Suisse.
"MLTI's exposure to a multi-asset and multi-sector index is
designed to provide income investors with access to a diverse mix
of income-producing assets in a single, exchange-traded
security."
NYSE Multi-Asset High Income Index
MLTI tracks the NYSE Multi-Asset High Income Index (the
"Index"), which is comprised of a broad, diversified basket of up
to 120 publicly-traded securities that historically have paid high
dividends or distributions (the "Index Constituents"). The index
sponsor designed the Index's features with a view to highlighting
income, while its choice of diverse Index Constituent sectors seeks
to minimize volatility. The Index methodology incorporates minimum
free float market capitalization; dividend yield and frequency;
liquidity minimums; and asset class and sector weighting
requirements. The Index is rebalanced quarterly to maintain the
target weightings set forth in the chart below.
Sector Target Weightings
Top 10 Constituents (by weight)
Name
|
Ticker
|
Sector
|
Weight
|
iShares iBoxx $ High
Yield Corporate Bond Fund
|
HYG
|
High Yield
Bonds
|
8.45%
|
iShares US Preferred
Stock ETF
|
PFF
|
Preferred
Stock/Convertible Bonds
|
8.11%
|
iShares JPMorgan USD
Emerging Market Bond ETF
|
EMB
|
Emerging Markets
Bonds
|
6.68%
|
SPDR Barclays High
Yield Bond ETF
|
JNK
|
High Yield
Bonds
|
6.53%
|
Annaly Capital
Management Inc
|
NLY
|
Mortgage
REITs
|
4.63%
|
iShares DJ
International Select Dividend Index Fund
|
IDV
|
International
Equities
|
4.35%
|
PowerShares Emerging
Markets Sovereign Debt Port
|
PCY
|
Emerging Markets
Bonds
|
4.05%
|
American Capital
Agency Corp
|
AGNC
|
Mortgage
REITs
|
3.44%
|
Ares Capital
Corp
|
ARCC
|
BDCs
|
3.29%
|
Prospect Capital
Corp
|
PSEC
|
BDCs
|
3.17%
|
Source: NYSE Arca, as of September 23,
2015.
More information on the Credit Suisse X-Links Multi-Asset High
Income ETN (MLTI) 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 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 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:
MLTI:
Pricing Supplement dated September 29,
2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLTI
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