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

News provided by

Dec 19, 2013, 08:30 ET

NEW YORK, Dec. 19, 2013 /PRNewswire/ -- On December 16, 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 January expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on January 13, 2014, subject to adjustment in the event of any market disruption events.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Assuming no redemption or acceleration of the ETNs and that the notional cash distribution is withdrawn from the Indices on January 13, 2014, we expect to declare a coupon of $0.1355 per ETN on the GLDI ETNs and a coupon of $0.1397 per ETN on the SLVO ETNs for payment on or around January 27, 2014, payable to the holder of record on January 22, 2014. The expected coupon payment may be subject to change upon the occurrence of a disruption event or other unforeseen circumstances. The expected coupon payments represent an indicative yield of approximately 11.40% per annum on the GLDI ETN and an indicative yield of approximately 10.49% 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 December 16, 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 46,400 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