NEW YORK, July 10, 2018 /PRNewswire/ -- On
July 2, 2018, Credit Suisse declared
coupon payments for the following ETNs:
ETN
Ticker
|
ETN
Name
|
Closing
Indicative
Value
on
6/29/18
|
Ex-
Date
|
Record
Date
|
Payment
Date
|
Coupon
Amount
per
ETN
|
Coupon
Frequency
|
Current
Yield1
|
REML
|
Credit Suisse
X-Links®
Monthly
Pay
2xLeveraged
Mortgage
REIT
ETN
|
$27.1316
|
7/12/18
|
7/13/18
|
7/23/18
|
$1.1382
|
Monthly
|
19.81%2
|
AMJL
|
Credit
Suisse
X-Links®
Monthly
Pay
2xLeveraged
Alerian
MLP
Index
ETN
|
$16.8015
|
7/12/18
|
7/13/18
|
7/23/18
|
$0.0000
|
Monthly
|
15.50%2
|
MLTI
|
Credit
Suisse
X-Links®
Multi-Asset
High Income
ETN
|
$27.8923
|
7/12/18
|
7/13/18
|
7/23/18
|
$0.2709
|
Monthly
|
6.21%2
|
On July 10, 2018, Credit Suisse
announced expected coupon payments for the following ETNs:
ETN
Ticker
|
ETN
Name
|
Closing
Indicative
Value
on
6/29/18
|
Ex-
Date
|
Record
Date
|
Payment
Date
|
Expected
Coupon
Amount
per
ETN3
|
Coupon
Frequency
|
Expected
Current
Yield4
|
USOI
|
Credit
Suisse
X-Links®
Crude Oil
Shares
Covered
Call
ETN
|
$29.1487
|
7/19/18
|
7/20/18
|
7/25/18
|
$0.3995
|
Monthly
|
16.57%5
|
GLDI
|
Credit
Suisse X-
Links® Gold
Shares
Covered
Call
ETN
|
$8.5555
|
7/19/18
|
7/20/18
|
7/25/18
|
$0.0361
|
Monthly
|
6.12%5
|
SLVO
|
Credit
Suisse
X-Links®
Silver
Shares
Covered
Call
ETN
|
$7.4549
|
7/19/18
|
7/20/18
|
7/25/18
|
$0.0632
|
Monthly
|
9.14%5
|
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 June 11, 2018,
the Credit Suisse Nasdaq Gold FLOWS™ 103 Index, the Credit Suisse Nasdaq
Silver FLOWS™ 106 Index
and the Credit Suisse Nasdaq WTI Crude Oil FLOWS™ 106 Index (the "Indices") concluded
the notional sale of options on GLD shares, SLV shares and USO
shares, respectively, with July 2018 expiration. We expect
that the notional cash distribution generated by this sale of
options will be withdrawn from the Indices on July 16, 2018,
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 July 16, 2018, 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.
|
5. The Expected
Current Yield for the ETN 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.
|
Press Contact
Azar
Boehm, Credit Suisse AG, telephone +1 212 538 3953,
azar.boehm@credit-suisse.com
Credit Suisse ETNs
Telephone +1 800 320 1225,
ETN.Desk@credit-suisse.com
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'). Our strategy builds on Credit Suisse's core strengths:
its position as a leading wealth manager, its specialist investment
banking capabilities and its strong presence in our home market of
Switzerland. We seek to follow a
balanced approach to wealth management, aiming to capitalize on
both the large pool of wealth within mature markets as well as the
significant growth in wealth in Asia
Pacific and other emerging markets, while also serving key
developed markets with an emphasis on Switzerland. Credit Suisse employs
approximately 46,370 people. The registered shares (CSGN) of Credit
Suisse AG'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 June 30,
2017 and the Prospectus dated June
30, 2017 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
April 10, 2018, including the
Prospectus Supplement dated June 30,
2017, and Prospectus dated June 30,
2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/REML
AMJL:
Pricing Supplement dated
June 30, 2017, including the
Prospectus Supplement dated June 30,
2017, and Prospectus dated June 30,
2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/AMJL
MLTI:
Pricing Supplement dated
June 30, 2017, including the
Prospectus Supplement dated June 30,
2017, and Prospectus dated June 30,
2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/MLTI
USOI:
Pricing Supplement dated
June 30, 2017, including the
Prospectus Supplement dated June 30,
2017, and Prospectus dated June 30,
2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOI
GLDI:
Pricing Supplement dated
June 30, 2017, including the
Prospectus Supplement dated June 30,
2017, and Prospectus dated June 30,
2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/GLDI
SLVO:
Pricing Supplement dated
June 30, 2017, including the
Prospectus Supplement dated June 30,
2017, and Prospectus dated June 30,
2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/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.
X-Links® is a registered trademark of Credit Suisse
Securities (USA) LLC.
Copyright © 2018, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG