Credit Suisse Announces Launch of Two New Commodity Index ETNs

        Credit Suisse Announces Launch of Two New Commodity Index ETNs

The Commodity Benchmark ETN ("CSCB") and the Commodity Rotation ETN ("CSCR")
offer innovative strategies to access diversified commodity exposure

PR Newswire

NEW YORK, June 12, 2013

NEW YORK, June 12, 2013 /PRNewswire/ --Credit Suisse today announced the
launch of two new commodity index ETNs which are listed under the ticker
symbols "CSCB" and "CSCR" and began trading on the NYSE ARCA this morning.
CSCB is the first exchange traded product in the US market to offer investors
access to the Credit Suisse Commodity Benchmark Total Return Index. CSCR is
the first exchange traded product in the US market to offer investors exposure
to the Credit Suisse Backwardation Total Return Index.

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The Credit Suisse Commodity Benchmark Total Return Index underlying the CSCB
ETN is a long-only diversified commodity benchmark index composed of notional
futures contracts on 34 physical commodities (as of the 2013 annual
rebalance). The index seeks to provide wider diversification and closer
reflection of the overall global commodity complex than existing commodity
indices. The index features an extended roll period of 15 days per month. The
index also invests in contracts that expire between one to three months (where
available), spreading exposure across multiple delivery periods, versus the
more traditional front-month contract only investment.

The Credit Suisse Commodity Backwardation Index, underlying the CSCR ETN, is a
long-only diversified commodity index composed of single-commodity indices
that follows a rules-based strategy to select eight commodities based on the
price of the commodity futures contracts of various terms. The index measures
the level of backwardation (where the prices of futures contracts nearer to
expiration are higher than prices of futures contracts with longer to
expiration) or contango (where the prices of futures contracts nearer to
expiration are lower than prices of futures contracts with longer to
expiration) between two observation points on the curve (month 1 and,
generally, month 6). Each month, the Index takes a notional weighted long
position in eight single-commodity sub-indices from a universe of 24 eligible

"We are proud to be bringing to market these two innovative long-only
commodity index-based ETNs. CSCB provides an alternative to the established
commodities exchange traded products and offers more commodities and a longer
roll period, in a rules based, transparent strategy," said Greg King, head of
exchange traded products in Credit Suisse's Investment Bank. "CSCR provides a
'Commodities 2.0' solution that offers an investable way to allocate to the
commodities that exhibit the most backwardation or least contango."

Mark Harvey, global head of commodities structuring for Credit Suisse
commented, "The Credit Suisse Commodity Benchmark Total Return Index updates a
physical commodity futures index originally formulated in 1975 by commodities
expert Bob Greer and first published in 1978. We have retained the key
aspects of that index – including rebalancing, multi-period exposure and
weighting methodology – to create an updated robust benchmark for the
performance of the current global commodities markets."

More information on the Credit Suisse Commodities Benchmark ETN (CSCB) and the
Credit Suisse Commodities Rotation ETN (CSCR) can be found on:

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

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 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

SOURCE Credit Suisse AG

Contact: Katherine Herring, Tel: 212 325 7545,
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