NEW YORK, June 5, 2019 /PRNewswire/ --
On June 3, 2019, Credit Suisse
declared coupon payments for the following ETNs:
|
ETN
Ticker
|
ETN
Name
|
Closing
Indicative
Value
on
5/31/19
|
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
|
$
21.5432
|
6/12/19
|
6/13/19
|
6/21/19
|
$0.0952
|
Monthly
|
23.82%2
|
|
AMJL
|
Credit
Suisse
X-Links®
Monthly
Pay
2xLeveraged
Alerian
MLP
Index ETN
|
$
13.7428
|
6/12/19
|
6/13/19
|
6/21/19
|
$0.3576
|
Monthly
|
16.49%2
|
|
MLTI
|
Credit
Suisse
X-Links®
Multi-Asset
High
Income
ETN
|
$
26.4166
|
6/12/19
|
6/13/19
|
6/21/19
|
$0.0814
|
Monthly
|
6.30%2
|
On June 5, 2019, Credit Suisse
announced expected coupon payments for the following ETNs:
|
ETN
Ticker
|
ETN
Name
|
Closing
Indicative
Value
on
5/31/19
|
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
|
$
20.1477
|
6/19/19
|
6/20/19
|
6/25/19
|
$0.1982
|
Monthly
|
11.33%5
|
|
GLDI
|
Credit
Suisse
X-Links®
Gold
Shares
Covered
Call
ETN
|
$
8.6293
|
6/19/19
|
6/20/19
|
6/25/19
|
$0.0354
|
Monthly
|
4.47%5
|
|
SLVO
|
Credit
Suisse
X-Links®
Silver
Shares
Covered
Call
ETN
|
$
6.4399
|
6/19/19
|
6/20/19
|
6/25/19
|
$0.0150
|
Monthly
|
3.03%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 May 13, 2019, 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 2019
expiration. We expect that the notional cash distribution
generated by this sale of options will be withdrawn from the
Indices on June 17, 2019, 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 17, 2019, 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
Karina
Byrne, Credit Suisse AG, telephone +1 212 538 8361,
karina.byrne@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 46'200 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 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 December 12,
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 February 13,
2019, 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 © 2019, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
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SOURCE Credit Suisse AG
