NEW YORK, Oct. 6, 2020 /PRNewswire/ -- On October 1, 2020, Credit Suisse declared a Coupon
Amount for the Credit Suisse S&P MLP Index ETN (the "ETN").
ETN
Ticker
|
ETN
Name
|
Ex-Date
|
Record
Date
|
Coupon
Payment
Date
|
Coupon Amount
per ETN
|
Coupon
Frequency
|
Current
Yield*†
|
MLPO
|
Credit Suisse
S&P
MLP Index ETN
|
10/13/2020
|
10/14/2020
|
10/22/2020
|
$0.2012
|
Quarterly
|
12.75%
|
* The "Current Yield" equals the current quarterly Coupon
Amount, annualized and divided by the Closing Indicative Value of
the ETN on September 30,
2020.
† The Current Yield, which is based on the ETN's Coupon Amount,
is not indicative of future quarterly Coupon Amounts, if any, on
the ETNs. The quarterly Coupon Amount (if any) is variable and
dependent on the most recent distributions of the MLPs included in
the index, and such amount does not represent a fixed periodic
interest payment. There can be no assurance that the MLPs
included in the index will make any distributions in any future
period. Any payment on the ETN is subject to Credit Suisse's
ability to pay its obligations as they become due. For more
information regarding the ETN's coupon payments, please refer to
the ETN's pricing supplement.
Press Contact
Anna Christensen, Credit Suisse AG,
anna.christensen@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. Investors will
not have any partnership interests or other rights in the MLPs
included in the index. Coupon Amounts on the ETNs will vary and
could be zero. 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 48,800 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.
Disclaimer
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. It has been prepared solely for information purposes and
for the use of the recipient. It does not constitute an offer or an
invitation by or on behalf of Credit Suisse to any person to buy or
sell any security. Any reference to past performance is not
necessarily a guide to the future. The information and analysis
contained in this publication have been compiled or arrived at from
sources believed to be reliable but Credit Suisse does not make any
representation as to their accuracy or completeness and does not
accept liability for any loss arising from the use hereof.
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 18,
2020, and the Prospectus dated June
18, 2020 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 hyperlink below:
Pricing Supplement dated June 18,
2020:
https://www.sec.gov/Archives/edgar/data/1053092/000089109220007732/e10150-424b2.htm
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 © 2020, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG