NEW YORK,
July 6,
2016 /PRNewswire/ --
- On July 5, 2016, Credit
Suisse declared coupon payments for the following ETNs:
- Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP
Index ETN (NYSE Arca: AMJL)
- Credit Suisse X-Links Multi-Asset High Income ETN (NYSE
Arca: MLTI)
- On July 6, 2016, Credit
Suisse announced expected coupon payments for the following
ETNs:
- Credit Suisse X-Links Gold Shares Covered Call ETN
(NASDAQ: GLDI)
- Credit Suisse X-Links Silver Shares Covered Call ETN
(NASDAQ: SLVO)
- Summary coupon information is provided below.
Declared Coupon Payments
ETN
Ticker
|
ETN
Name
|
Closing Indicative
Value on 6/30/16
|
Ex-Date
|
Record
Date
|
Payment
Date
|
Coupon
Amount
|
Coupon
Frequency
|
Current
Yield1
|
AMJL
|
Credit Suisse
X-Links
Monthly Pay
2xLeveraged
Alerian MLP
Index ETN
|
$27.5075
|
7/12/16
|
7/14/16
|
7/22/16
|
$0.0100
|
Monthly
|
0.22%2
|
MLTI
|
Credit Suisse
X-Links
Multi-Asset High Income ETN
|
$27.2555
|
7/12/16
|
7/14/16
|
7/22/16
|
$0.2462
|
Monthly
|
6.23%3
|
Expected Coupon Payments
ETN
Ticker
|
ETN
Name
|
Closing Indicative
Value on 6/30/16
|
Ex-Date
|
Record
Date
|
Payment
Date
|
Expected
Coupon
Amount4
|
Coupon
Frequency
|
Expected Current
Yield5
|
GLDI
|
Credit Suisse
X-Links Gold
Shares
Covered Call
ETN
|
$10.8199
|
7/18/16
|
7/20/16
|
7/25/16
|
$0.1759
|
Monthly
|
17.85%
|
SLVO
|
Credit Suisse
X-Links
Silver Shares
Covered Call
ETN
|
$10.5898
|
7/18/16
|
7/20/16
|
7/25/16
|
$0.1863
|
Monthly
|
16.60%
|
- For each ETN, the Current Yield equals the Coupon Amount
annualized and divided by the Closing Indicative Value, as
discussed in more detail below. The Current Yield is not
indicative of future coupon payments, if any, on the ETNs.
You are not guaranteed any coupon payment or distribution
under the ETNs. Coupon payments for the ETNs (if any) are
variable and do not represent fixed, periodic interest
payments. The Coupon Amount may vary significantly from
coupon period to coupon period and may be zero. Any payment
on the ETNs is subject to Credit Suisse's ability to pay its
obligations as they become due. Accordingly, the Current
Yield will change over time, and such change may be significant.
For more information regarding any ETN's coupon payments, please
refer to such ETN's pricing supplement.
- The ETN launched on May 17, 2016.
The Current Yield for the ETN equals the sum of (i) the Coupon
Amount plus (ii) the amount of the ETN's most recent coupon
payment of $0.00, multiplied
by six (to annualize such amounts), divided by the Closing
Indicative Value, and rounded to two decimal places for ease of
analysis.
- The Current Yield for the ETN equals the sum of (i) the Coupon
Amount plus (ii) the amount of the ETN's two most recent
coupon payments, multiplied by four (to annualize such
amounts), divided by the Closing Indicative Value, and
rounded to two decimal places for ease of analysis.
- On June 13, 2016, 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 July 2016 expiration. We expect that the
notional cash distribution generated by this sale of options will
be withdrawn from the Indices on July 11,
2016, subject to adjustment in the event of any market
disruption events. Assuming no redemption or acceleration of
GLDI and SLVO, and that the notional cash distribution is withdrawn
from the Indices on July 11, 2016, we
expect to declare a Coupon Amount for GLDI and SLVO, respectively,
equal to the corresponding Expected Coupon Amount. The
Expected Coupon Amount is subject to change upon the
occurrence of a disruption event or other unforeseen
circumstances.
- For each ETN, the Expected Current Yield equals the Expected
Coupon Amount annualized and divided by the Closing Indicative
Value, as discussed in more detail below. The Expected
Current Yield is not indicative of future coupon payments, if any,
on the ETNs. You are not guaranteed any coupon payment or
distribution under the ETNs. Coupon payments for the ETNs (if
any) are variable and do not represent fixed, periodic interest
payments. The Expected Coupon Amount may vary significantly
from coupon period to coupon period and may be zero. Any
payment on the ETNs is subject to Credit Suisse's ability to pay
its obligations as they become due. Accordingly, the Expected
Current Yield will change over time, and such change may be
significant. For more information regarding any ETN's coupon
payments, please refer to such ETN's pricing supplement. For each
ETN, the Expected Current Yield equals the sum of (i) the Expected
Coupon Amount plus (ii) the amount of the ETN's two most
recent coupon payments, multiplied by four (to annualize
such amounts), divided by the Closing Indicative Value, and
rounded to two decimal places for ease of analysis. The
Expected Current Yield is subject to change upon the occurrence of
a disruption event or other unforeseen circumstances.
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. Coupon payments
on the ETNs will vary and could be zero. There is no actual
portfolio of assets in which any investor in the ETNs has any
ownership or other interest. Investors in the ETNs do not have
voting rights, distribution rights or other rights with respect to
the assets included in the tracked indices. 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 47,760 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:
AMJL:
Pricing Supplement dated May 17,
2016, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=AMJL
MLTI:
Pricing Supplement dated June 9,
2016, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLTI
GLDI:
Pricing Supplement dated April 14,
2016, 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
SLVO:
Pricing Supplement dated April 14,
2016, 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
Alternatively, Credit Suisse, Credit Suisse Securities
(USA) LLC 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 © 2016, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG