Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
February 19 2014 - 11:39AM
Edgar (US Regulatory)
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Calculation of Registration Fee
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Title of Each Class of Securities Offered
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Maximum Aggregate Offering Price
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Amount of Registration Fee
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VelocityShares 3x Inverse Natural Gas ETN Linked to the S&P GSCI
®
Natural Gas Index ER due February 9, 2032
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$36,978,540
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$4,762.84
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Filed pursuant to Rule 424(b)(2)
Registration Statement No. 333-180300-03
February 18, 2014
Pricing Supplement Addendum No. 374 dated February 18, 2014
To the Pricing Supplement No. VLS ETN-3/A10 dated February 7, 2014,
Prospectus Supplement dated March 23, 2012
and Prospectus dated March 23, 2012
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VelocityShares™ 3x Inverse Natural Gas ETN Linked to the S&P GSCI
®
Natural Gas Index ER due February 9, 2032 ("ETNs")
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Issuer:
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Credit Suisse AG, acting through its Nassau Branch
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CUSIP/ISIN:
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22542D530/US22542D5308
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NYSE Arca Ticker Symbol:
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DGAZ
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Aggregate Offering Price of ETNs:
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$36,978,540
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Public Offering Price per ETN:
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$3.3314
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Principal Amount of ETNs:
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$555,000,000
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Principal Amount per ETN:
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$50.00
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Trade Date:
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February 18, 2014
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Settlement Date:
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February 21, 2014
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Agent:
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Credit Suisse Securities (USA) LLC (“CSSU”), an affiliate of the Issuer
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Proceeds to Issuer:
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100.00% of the Aggregate Offering Price
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Agent’s Discount and Commission:
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0.00%. However, CSSU is expected to charge normal commissions for the purchase of the ETNs and may receive all or a portion of the investor fee. In addition, CSSU may charge investors a redemption charge of up to 0.05% of the stated principal amount of any ETN that is redeemed at the investor’s option. For a further description of the fees and commissions payable pertaining to the ETNs please see the section entitled “Supplemental Plan of Distribution (Conflicts of Interest)” in the accompanying pricing supplement.
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You may lose some or all of your principal if you invest
in the ETNs. See “Risk Factors” beginning on page PS-17 of the accompanying pricing supplement for risks relating to
an investment in the ETNs.
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or determined that this pricing supplement addendum, or the
accompanying pricing supplement, prospectus supplement and prospectus, is truthful or complete. Any representation to the contrary
is a criminal offense. The ETNs are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance
Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction.
Credit Suisse
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