Credit Suisse AG Announces that the Acceleration Date for the Early Redemption of its LCPR and SCPR ETNs is Expected to be

Credit Suisse AG Announces that the Acceleration Date for the Early Redemption
         of its LCPR and SCPR ETNs is Expected to be January 2, 2013

PR Newswire

NEW YORK, Dec. 20, 2012

NEW YORK, Dec. 20, 2012 /PRNewswire/ --Credit Suisse AG announced today that
the acceleration date for the early redemption of its 2x Long Copper ETNs
("LCPR") and 2x Inverse Copper ETNs ("SCPR") is expected to be January 2,
2013.

(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO )

Because the London Metal Exchange will be closed on December 26, 2012 due to
the Boxing Day public holiday in the United Kingdom, the final index business
day of the accelerated valuation period for LCPR and SCPR is expected to be
December 27, 2012, and the acceleration date for the early redemption of LCPR
and SCPR, which will be three business days after the last day of their
respective valuation periods, is expected to be January 2, 2013. Credit Suisse
announced on December 14, 2012 that it was redeeming four ETNs, including LCPR
and SCPR.

None of the other ETNs offered by Credit Suisse AG are affected by this
announcement.

ETNs                                                   Ticker Symbol CUSIP
VelocityShares™ 2x Long Copper ETN due February 9,     LCPR          22542D563
2032
VelocityShares™ 2x Inverse Copper ETN due February 9,  SCPR          22542D522
2032

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 is able to offer
clients its expertise in the areas of private banking, investment banking and
asset management from a single source. Credit Suisse provides specialist
advisory services, comprehensive solutions and innovative products to
companies, institutional clients and high net worth private clients worldwide,
and also to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50 countries worldwide. The group employs
approximately 48,400 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.

SOURCE Credit Suisse AG

Website: http://www.credit-suisse.com
Contact: Jack Grone, Credit Suisse, +1-212-325-2590,
jack.grone@credit-suisse.com
 
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