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Credit Suisse Announces Expected August Coupon Payments on its Gold Shares Covered Call ETN (ticker symbol "GLDI") and its



  Credit Suisse Announces Expected August Coupon Payments on its Gold Shares
Covered Call ETN (ticker symbol "GLDI") and its Silver Shares Covered Call ETN
                            (ticker symbol "SLVO")

PR Newswire

NEW YORK, July 17, 2013

NEW YORK, July 17, 2013 /PRNewswire/ -- On July 15, 2013, the Credit Suisse
NASDAQ Gold FLOWS 103 Index and the Credit Suisse NASDAQ Silver FLOWS 106
Index (the "Indices") concluded the notional sale of options on GLD shares and
SLV shares with August expiration. We expect that the notional cash
distribution generated by this sale of options will be withdrawn from the
Indices on August 12, 2013, subject to adjustment in the event of any market
disruption events. 

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

Assuming no redemption or acceleration of the ETNs and that the notional cash
distribution is withdrawn from the Indices on August 12, 2013, we expect to
declare a coupon of $0.3767 per ETN on the GLDI ETNs and a coupon of $0.3319
per ETN on the SLVO ETNs for payment on or around August 27, 2013, payable to
the holder of record on August 21, 2013. The expected Coupon Payments
represent an indicative yield of approximately 29.24% per annum on the GLDI
ETN and an indicative yield of approximately 23.36% per annum on the SLVO
ETN.  The "indicative yield" equals the expected Coupon Payment annualized and
divided by the Closing Indicative Value of the applicable ETN on July 15,
2013.

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 AG. You
may receive less, and possibly significantly less, than the principal amount
of your investment at maturity or upon repurchase or sale. The ETNs are not
linked to, and investors have no rights to any physical commodity. Monthly
coupon payments on the ETNs will vary and could be zero. Variable monthly
coupons are generated from selling covered calls, which limits upside
participation.  There is no actual portfolio of assets in which any investor
in the ETNs has any ownership or other interest.  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.

For more information on the Credit Suisse suite of ETN offerings, please
visit: 
www.credit-suisse.com/etn.

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 46,900 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 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, 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: Drew Benson, Credit Suisse, telephone +1 212-325-0932,
drew.benson@credit-suisse.com
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