Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
26 February 2014 - 3:41AM
Edgar (US Regulatory)
Filed pursuant to Rule 433
Registration Statement No. 333-180300-03
February 25, 2014
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CREDIT SUISSE AG
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Eleven Madison Avenue
New York, NY 10010
USA
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Telephone +1 212 325 5200
Fax +1 212 325-6665
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Media Release
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Credit Suisse Announces Expected March Coupon Payments on its Gold
Shares Covered Call ETN (ticker symbol “GLDI”) and its Silver Shares Covered Call ETN (ticker symbol “SLVO”)
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New York, February 25, 2014
On February 18, 2014, the Credit Suisse
NASDAQ Gold FLOWS 103 Index and the Credit Suisse NASDAQ Silver FLOWS 106 Index (the “Indices”) concluded the notional
sale of options on GLD shares and SLV shares with March expiration. We expect that the notional cash distribution generated by
this sale of options will be withdrawn from the Indices on March 17, 2014, subject to adjustment in the event of any market disruption
events.
Assuming no redemption or acceleration of the ETNs and that the notional
cash distribution is withdrawn from the Indices on March 17, 2014, we expect to declare a coupon of $0.2008 per ETN on the GLDI
ETNs and a coupon of $0.4375 per ETN on the SLVO ETNs for payment on or around March 25, 2014, payable to the holder of record
on March 20, 2014. The expected coupon payment may be subject to change upon the occurrence of a disruption event or other unforeseen
circumstances. The expected coupon payments represent an indicative yield of approximately 16.29% per annum on the GLDI ETN and
an indicative yield of approximately 31.06% per annum on the SLVO ETN. The “indicative yield” equals the expected coupon
payment annualized and divided by the closing indicative value of the applicable ETN on February 18, 2014.
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 AG. 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. Monthly
coupon payments on the ETNs will vary and could be zero. Variable monthly coupons 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.
For more information on the Credit Suisse suite of ETN offerings,
please visit: www.credit-suisse.com/etn.
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Press Contact
Nicole Sharp, Credit Suisse AG, telephone +1 212-325-8708, nicole.sharp@credit-suisse.com
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
is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source.
Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional
clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered
in Zurich and operates in over 50 countries worldwide. The group employs
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Media Release
February 25, 2014
Page 2 / 2
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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 March 23, 2012 and the prospectus dated March
23, 2012 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
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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 1-800-221-1037.
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 © 2013, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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