NEW YORK, June 6, 2017 /PRNewswire/ -- On June 1, 2017, Credit Suisse declared coupon
payments for the following ETNs:
ETN
Ticker
|
ETN
Name
|
Closing
Indicative
Value on
5/31/17
|
Ex-Date
|
Record
Date
|
Payment
Date
|
Coupon
Amount
|
Coupon
Frequency
|
Current
Yield1
|
REML
|
Credit Suisse
X-Links®
Monthly Pay
2xLeveraged
Mortgage
REIT ETN
|
$30.6568
|
6/9/17
|
6/13/17
|
6/21/17
|
$0.0873
|
Monthly
|
18.79%2
|
AMJL
|
Credit Suisse
X-Links®
Monthly Pay
2xLeveraged
Alerian MLP
Index ETN
|
$24.0163
|
6/9/17
|
6/13/17
|
6/21/17
|
$0.4971
|
Monthly
|
15.00%2
|
MLTI
|
Credit Suisse
X-Links®
Multi-Asset
High Income
ETN
|
$28.6279
|
6/9/17
|
6/13/17
|
6/21/17
|
$0.0710
|
Monthly
|
5.64%2
|
On June 6, 2017, Credit Suisse
announced expected coupon payments for the following ETNs:
ETN
Ticker
|
ETN
Name
|
Closing
Indicative
Value on
5/31/17
|
Ex-Date
|
Record
Date
|
Payment
Date
|
Expected
Coupon
Amount3
|
Coupon
Frequency
|
Expected
Current
Yield4
|
USOI
|
Credit Suisse
X-Links®
Crude Oil
Shares
Covered Call
ETN
|
$24.1132
|
6/19/17
|
6/21/17
|
6/26/17
|
$0.4242
|
Monthly
|
14.42%
|
GLDI
|
Credit Suisse
X-Links® Gold
Shares
Covered Call
ETN
|
$9.4350
|
6/19/17
|
6/21/17
|
6/26/17
|
$0.0232
|
Monthly
|
7.33%
|
SLVO
|
Credit Suisse
X-Links®
Silver Shares
Covered Call
ETN
|
$8.5911
|
6/19/17
|
6/21/17
|
6/26/17
|
$0.0388
|
Monthly
|
5.80%
|
1. 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.
2. 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.
3. On May 15, 2017, the Credit
Suisse Nasdaq Gold FLOWSTM 103 Index, the Credit Suisse
Nasdaq Silver FLOWSTM 106 Index and the Credit Suisse
Nasdaq WTI Crude Oil FLOWSTM 106 Index (the "Indices")
concluded the notional sale of options on GLD shares, SLV shares
and USO shares, respectively, with June
2017 expiration. We expect that the notional cash
distribution generated by this sale of options will be withdrawn
from the Indices on June 12, 2017,
subject to adjustment in the event of any market disruption
events. Assuming no redemption or acceleration of GLDI, SLVO
and USOI, and that the notional cash distribution is withdrawn from
the Indices on June 12, 2017, we
expect to declare a Coupon Amount for GLDI, SLVO and USOI,
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.
4. 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
GLDI and SLVO, 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. For USOI, which launched on April 25, 2017, the Expected Current Yield equals
the sum of (i) the Expected Coupon Amount plus (ii) the
amount of the ETN's most recent coupon payment, multiplied
by six (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 46,640 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:
REML:
Pricing Supplement dated July 12,
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=REML
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
USOI:
Pricing Supplement dated April 25,
2017, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=USOI
GLDI:
Pricing Supplement dated August 12,
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 August 16,
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 © 2017, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG