Credit score Suisse Pronounces Coupon Funds and Anticipated Coupon Funds on Credit score Suisse X-Hyperlinks® Change Traded Notes (the “ETNs”) – Yahoo Finance

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NEW YORK, Oct. three, 2019 /PRNewswire/ —

Credit Suisse logo. (PRNewsFoto/Credit Suisse)Credit score Suisse brand. (PRNewsFoto/Credit score Suisse)

On October 2, 2019, Credit score Suisse declared coupon funds for the next ETNs:

ETN
Ticker

ETN Title

Closing
Indicative
Worth on  
9/30/19

Ex-Date

Document
Date

Fee
Date

Coupon
Quantity
per ETN

Coupon
Frequency

Present
Yield1

REML

Credit score Suisse
X-Hyperlinks® 
Month-to-month Pay
2xLeveraged
Mortgage
REIT ETN

$22.9710

10/10/19

10/11/19

10/22/19

$zero.7746

Month-to-month

17.20%2

AMJL

Credit score Suisse
X-Hyperlinks®
Month-to-month Pay
2xLeveraged
Alerian MLP
Index ETN

$11.9757

10/10/19

10/11/19

10/22/19

$zero.0000

Month-to-month

18.27%2

MLTI

Credit score Suisse
X-Hyperlinks®
Multi-Asset
Excessive Earnings
ETN

$27.5718

10/10/19

10/11/19

10/22/19

$zero.2636

Month-to-month

6.13%2

On October three, 2019, Credit score Suisse introduced anticipated coupon funds for the next ETNs:

ETN Ticker

ETN Title

Closing
Indicative
Worth on  
9/30/19

Ex-Date

Document
Date

Fee
Date

Anticipated 
Coupon
Quantity
per ETN3

Coupon
Frequency

Anticipated
Present
Yield4

USOI

Credit score Suisse
X-Hyperlinks® Crude
Oil Shares
Lined Name
ETN

$19.5231

10/21/19

10/22/19

10/25/19

$zero.2982

Month-to-month

15.66%5

GLDI

Credit score Suisse
X-Hyperlinks® Gold
Shares
Lined Name
ETN

$eight.9550

10/21/19

10/22/19

10/25/19

$zero.0607

Month-to-month

14.90%5

SLVO

Credit score Suisse
X-Hyperlinks® Silver
Shares
Lined Name
ETN

$6.9355

10/21/19

10/22/19

10/25/19

$zero.0975

Month-to-month

16.36%5

1. For every ETN, the Present Yield equals the Coupon Quantity, annualized and divided by the Closing Indicative Worth, as mentioned in additional element beneath.  The Present Yield just isn’t indicative of future coupon funds, if any, on the ETNs.  You aren’t assured any coupon cost or distribution beneath the ETNs.  Coupon funds for the ETNs (if any) are variable and don’t symbolize fastened, periodic curiosity funds.  The Coupon Quantity could fluctuate considerably from coupon interval to coupon interval and could also be zero.  Any cost on the ETNs is topic to Credit score Suisse’s potential to pay its obligations as they turn into due.  Accordingly, the Present Yield will change over time, and such change could also be vital. For extra info relating to any ETN’s coupon funds, please confer with such ETN’s pricing complement.

2. The Present Yield for the ETN equals the sum of (i) the Coupon Quantity plus (ii) the quantity of the ETN’s two most up-to-date coupon funds, multiplied by 4 (to annualize such quantities), divided by the Closing Indicative Worth, and rounded to 2 decimal locations for ease of research.

Story continues

three. On September 16, 2019, the Credit score Suisse Nasdaq Gold FLOWSTM 103 Index, the Credit score Suisse Nasdaq Silver FLOWSTM 106 Index and the Credit score Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Index (the “Indices”) concluded the notional sale of choices on GLD shares, SLV shares and USO shares, respectively, with October 2019 expiration.  We count on that the notional money distribution generated by this sale of choices will likely be withdrawn from the Indices on October 14, 2019, topic to adjustment within the occasion of any market disruption occasions.  Assuming no redemption or acceleration of GLDI, SLVO and USOI, and that the notional money distribution is withdrawn from the Indices on October 14, 2019, we count on to declare a Coupon Quantity for GLDI, SLVO and USOI, respectively, equal to the corresponding Anticipated Coupon Quantity.  The Anticipated Coupon Quantity is topic to vary upon the prevalence of a disruption occasion or different unexpected circumstances.

four. For every ETN, the Anticipated Present Yield equals the Anticipated Coupon Quantity annualized and divided by the Closing Indicative Worth, as mentioned in additional element beneath.  The Anticipated Present Yield just isn’t indicative of future coupon funds, if any, on the ETNs.  You aren’t assured any coupon cost or distribution beneath the ETNs.  Coupon funds for the ETNs (if any) are variable and don’t symbolize fastened, periodic curiosity funds.  The Anticipated Coupon Quantity could fluctuate considerably from coupon interval to coupon interval and could also be zero.  Any cost on the ETNs is topic to Credit score Suisse’s potential to pay its obligations as they turn into due.  Accordingly, the Anticipated Present Yield will change over time, and such change could also be vital. For extra info relating to any ETN’s coupon funds, please confer with such ETN’s pricing complement.

5. The Anticipated Present Yield for the ETN equals the sum of (i) the Anticipated Coupon Quantity, plus (ii) the quantity of the ETN’s two most up-to-date coupon funds, multiplied by 4 (to annualize such quantities), divided by the Closing Indicative Worth, and rounded to 2 decimal locations for ease of research.  The Anticipated Present Yield is topic to vary upon the prevalence of a disruption occasion or different unexpected circumstances.

Press Contact
Karina Byrne, Credit score Suisse AG, phone +1 212 538 8361, karina.byrne@credit-suisse.com

Credit score Suisse ETNs
Phone +1 800 320 1225, ETN.Desk@credit-suisse.com

The ETNs is probably not appropriate for all buyers and must be bought solely by educated buyers who perceive the potential penalties of investing within the ETNs. The ETNs are topic to the credit score threat of Credit score Suisse. It’s possible you’ll obtain much less, and probably considerably much less, than the principal quantity of your funding at maturity or upon repurchase or sale. Coupon funds on the ETNs will fluctuate and might be zero. There is no such thing as a precise portfolio of property wherein any investor within the ETNs has any possession or different curiosity. Buyers within the ETNs do not need voting rights, distribution rights or different rights with respect to the property included within the tracked indices. An funding within the ETNs entails vital dangers. For additional info relating to dangers, please see the part entitled “Danger Elements” within the relevant pricing complement.

Credit score Suisse AG
Credit score Suisse AG is among the world’s main monetary providers suppliers and is a part of the Credit score Suisse group of firms (referred to right here as ‘Credit score Suisse’). Our technique builds on Credit score Suisse’s core strengths: its place as a number one wealth supervisor, its specialist funding banking capabilities and its robust presence in our house market of Switzerland. We search to observe a balanced method to wealth administration, aiming to capitalize on each the big pool of wealth inside mature markets in addition to the numerous development in wealth in Asia Pacific and different rising markets, whereas additionally serving key developed markets with an emphasis on Switzerland. Credit score Suisse employs roughly 46,360 folks. The registered shares (CSGN) of Credit score Suisse AG’s mum or dad firm, Credit score Suisse Group AG, are listed in Switzerland and, within the type of American Depositary Shares (CS), in New York. Additional details about Credit score Suisse will be discovered at www.credit-suisse.com.

Disclaimer
This doc was produced by and the opinions expressed are these of Credit score Suisse as of the date of writing and are topic to vary. It has been ready solely for info functions and for the usage of the recipient. It doesn’t represent a suggestion or an invite by or on behalf of Credit score Suisse to any particular person to purchase or promote any safety. Any reference to previous efficiency just isn’t essentially a information to the long run. The data and evaluation contained on this publication have been compiled or arrived at from sources believed to be dependable however Credit score Suisse doesn’t make any illustration as to their accuracy or completeness and doesn’t settle for legal responsibility for any loss arising from the use hereof.

Credit score Suisse has filed a registration assertion (together with a prospectus) with the Securities and Change Fee, or SEC, for the providing to which this press launch relates. Earlier than you make investments, you need to learn the relevant Pricing Complement, the Prospectus Complement dated June 30, 2017 and the Prospectus dated June 30, 2017 that Credit score Suisse has filed with the SEC for extra full details about Credit score Suisse and this providing. It’s possible you’ll acquire these paperwork with out value by visiting EDGAR on the SEC web site at www.sec.gov or clicking the hyperlinks beneath:

REML:
Pricing Complement dated June 6, 2019, together with the Prospectus Complement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/REML

AMJL:
Pricing Complement dated June 30, 2017, together with the Prospectus Complement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/AMJL

MLTI:
Pricing Complement dated June 30, 2017, together with the Prospectus Complement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/MLTI

USOI:
Pricing Complement dated February 13, 2019, together with the Prospectus Complement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOI

GLDI:
Pricing Complement dated June 30, 2017, together with the Prospectus Complement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/GLDI

SLVO:
Pricing Complement dated June 30, 2017, together with the Prospectus Complement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/SLVO

Alternatively, Credit score Suisse, Credit score Suisse Securities (USA) LLC or any agent or any seller collaborating on this providing will prepare to ship you the relevant pricing complement, prospectus complement and prospectus in case you so request by calling 1-800-320-1225.

This doc was produced by and the opinions expressed are these of Credit score Suisse as of the date of writing and are topic to vary.

X-Hyperlinks® is a registered trademark of Credit score Suisse Securities (USA) LLC.

Copyright © 2019, CREDIT SUISSE GROUP AG and/or its associates. All rights reserved.

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