NEW YORK, June 19, 2015 /PRNewswire/ -- Credit Suisse AG
announced today that it will repurchase at its option its Credit
Suisse X-Links HOLT™ Market Neutral Global Equity ETNs ("CSMN") and
Credit Suisse X-Links 2xLeveraged Merger Arbitrage ETNs
("CSMB"). The repurchase date for each of CSMN and CSMB is
expected to be July 6, 2015.
Credit Suisse AG expects to deliver an irrevocable call notice
with respect to the repurchase of CSMN and CSMB to The Depository
Trust Company no later than June 30,
2015. The trading day immediately following the date of such
irrevocable call notice, which is expected to be July 1, 2015, will be the valuation date
applicable to the repurchase of each of CSMN and CSMB, subject to
postponement due to certain events. Investors will receive a cash
payment per ETN in an amount equal to the closing indicative value
of CSMN or closing value of CSMB, as applicable, on the valuation
date. The repurchase date for each ETN is expected to be
July 6, 2015, three business days
after the respective valuation date. Accordingly, the last day of
trading for each ETN is expected to be July
2, 2015.
None of the other ETNs offered by Credit Suisse AG are affected
by these announcements.
|
Repurchase
|
Ticker
Symbol
|
CUSIP
|
|
Credit Suisse X-Links
HOLT™ Market Neutral Global Equity ETNs due
September 22,
2031
|
CSMN
|
22542D720
|
|
Credit Suisse X-Links
2xLeveraged Merger Arbitrage ETNs due March 13,
2031
|
CSMB
|
22542D753
|
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.
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SOURCE Credit Suisse AG