Credit Suisse Announces Launch of the "SLVO" ETN Providing Exposure to a Covered Call Strategy on Silver Shares with Variable

   Credit Suisse Announces Launch of the "SLVO" ETN Providing Exposure to a
      Covered Call Strategy on Silver Shares with Variable Monthly Cash
                                Distributions

The new product is linked to the Credit Suisse NASDAQ Silver FLOWS™ 106 Index
and is the second precious metals covered call strategy launched by Credit
Suisse.

PR Newswire

NEW YORK, April 17, 2013

NEW YORK, April 17, 2013 /PRNewswire/ -- Credit Suisse today announced the
launch of its new Silver Shares Covered Call ETN which is listed under the
ticker symbol "SLVO" and began trading on The Nasdaq Stock Market this
morning. SLVO is the first exchange traded product in the US market to offer
investors access to a covered call strategy on a silver investment and is
designed to pay variable monthly coupons. SLVO is the second ETN in Credit
Suisse's covered call strategy family of products, and follows the January
2013 launch of GLDI, an ETN tracking a similar strategy on gold.

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

SLVO, which tracks the Credit Suisse NASDAQ Silver FLOWS™ (Formula-Linked
OverWrite Strategy) 106 Index, seeks to implement a rolling "covered call"
investment strategy by maintaining a notional long position in shares of the
iShares Silver Trust ETF (SLV) while notionally selling monthly
out-of-the-money call options on that position. Holders of SLVO will be
entitled to receive variable monthly payments based on the notional option
premiums received from the sale of the covered call options each month.

"Precious metals investments do not typically provide any current income. For
the GLDI and SLVO ETNs however, this is not the case," said Greg King, head of
exchange traded products in Credit Suisse's Investment Bank. "Covered call
strategies are designed to enhance yield in exchange for sacrificing part of
the upside of an investment position. Both SLVO and GLDI seek to provide
investors and their advisors with interesting new ways to introduce monthly
cash flows into their portfolios while maintaining some exposure to precious
metals."

Credit Suisse partnered with NASDAQ OMX in creating the FLOWS^™ suite of
indices that the ETN tracks. "As a global index provider, we are pleased to
have helped create another index that is the basis of the first ETN to offer
investors access to a covered call strategy on a silver investment," said
Robert Hughes, Vice President, NASDAQ OMX Global Indexes. "NASDAQ OMX and
Credit Suisse share a common goal of helping investors meet their investment
objectives and we look forward to exploring other ways to provide them with
additional investment opportunities."

More information on the Credit Suisse Silver FLOWS^™ 106 Index ETN (SLVO) and
the Credit Suisse Gold FLOWS^™ 103 Index ETN (GLDI) can be found on:
www.credit-suisse.com/etn

"NASDAQ OMX," are trademarks or service marks or registered trademarks or
service marks of NASDAQ OMX or its Affiliates and have been licensed for use
by CS.

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 47,400 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.

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 prospectus in
that registration statement and the applicable pricing supplement, the
prospectus supplement dated March 23, 2012 and the prospectus dated March 23,
2012 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. Alternatively,
Credit Suisse or any agent or any dealer participating in this offering will
arrange to send you the applicable pricing supplement and the prospectus
supplement and prospectus if you so request by calling 1-800-221-1037.

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 © 2013, CREDIT SUISSE GROUP AG and/or its affiliates. All rights
reserved.



SOURCE Credit Suisse AG

Website: http://www.credit-suisse.com
Contact: Katherine Herring, Tel: 212 325 7545,
katherine.herring@credit-suisse.com
 
Press spacebar to pause and continue. Press esc to stop.