Credit Suisse announces coupon – GuruFocus.com

NEW YORK, May 6, 2022 /PRNewswire/ — About May 2, 2022Credit Suisse has announced the expected coupon payments for the following ETNs:

ETN Ticker

AND N
Last name

Closing
Indicative
Value on
04/29/22

Secondment date

Registration Date

Payment
Date

Expected
Coupon
Rising
by ETN
1

Coupon
Frequency

Expected
Running
Yield
2

USOI

Swiss credit
X-links® Raw
Oil stocks
covered call
AND N

$5.4962

05/19/22

05/20/22

05/25/22

$0.2277

Monthly

38.98%3

GLDI

Swiss credit
X-links® Gold
Shares
covered call
AND N

$8.2491

05/19/22

05/20/22

05/25/22

$0.1086

Monthly

16.99%3

OBSL

Swiss credit
X-links® Silver
Shares
ETN Covered Call

$4.7315

05/19/22

05/20/22

05/25/22

$0.0629

Monthly

21.93%3

1.

On April 8, 2022, Credit Suisse Nasdaq Gold FLOWS™ 103 Index, Credit Suisse Nasdaq Silver FLOWS™ 106 Index and Credit Suisse Nasdaq WTI Crude Oil FLOWS™ 106 Index (the “Indexes”) completed the Notional Sale options on GLD Shares, SLV Shares and USO Shares, respectively, expiring in May 2022. We anticipate that the notional cash distribution generated by this option writing will be removed from the indices on May 16, 2022, subject to a adjustment in the event of market disruption. Assuming there is no redemption or acceleration of GLDI, SLVO and USOI, and the notional cash distribution is removed from the indices on May 16, 2022, we expect to declare a coupon amount for GLDI, SLVO and USOI, respectively, equal to the corresponding expected amount Coupon Amount. The expected coupon amount is subject to change in the event of an adverse event or other unforeseen circumstances.

2.

For each ETN, the current expected yield is equal to the annualized expected coupon amount divided by the indicative closing value, as discussed in more detail below. The current expected yield, which is based on an ETN’s expected coupon amount and its two most recent coupon payments, is not indicative of future coupon payments, if any, on ETNs. In particular, future coupon payments on an ETN may differ significantly from its current expected return, if its indicative closing value fluctuates widely in a volatile market. No coupon payments or distributions are guaranteed to you under ETNs. Coupon payments for ETNs (if any) are variable and do not represent fixed, periodic interest payments. The expected coupon amount for any ETN can vary significantly from coupon period to coupon period and can be zero. Therefore, the expected current return will change over time, and this change can be significant. Any payments on ETNs are subject to Credit Suisse’s ability to meet its obligations as they become due. For more information regarding ETN coupon payments, please refer to the ETN pricing supplement.

3.

The current expected return for the ETN is equal to the sum of (i) the expected coupon amount, more (ii) the amount of the ETN’s last two coupon payments, multiplied by four (to annualize these amounts), Split by the Indicative Closing Value, and rounded to two decimal places to facilitate analysis. The current expected return is subject to change in the event of an adverse event or other unforeseen circumstances.

press contact
Andre RosenblattSwiss credit, [email protected]

Credit Suisse ETNs
Telephone +1 800 320 1225, [email protected]

ETNs may not be suitable for all investors and should only be purchased by knowledgeable investors who understand the potential consequences of investing in ETNs. ETNs are subject to Credit Suisse credit risk. You could receive less, or even much less, than the principal of your investment at maturity or upon redemption or sale. Coupon payments on ETNs will vary and may be zero. There is no real portfolio of assets in which an ETN investor has ownership or other interest. Investors in ETNs have no voting rights, distribution rights or other rights with respect to the assets included in the replicated indices. An investment in ETNs involves significant risks. For more information on risks, please see the section entitled “Risk Factors” in the applicable pricing supplement.

Swiss credit

Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialized investment banking capabilities and its strong presence in our home market of Swiss. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the significant pool of wealth within mature markets as well as the significant wealth growth in Asia Pacific and other emerging markets, while also serving major developed markets with a focus on Swiss. Credit Suisse employs approximately 51,030 people. The registered shares (CSGN) of Credit Suisse Group AG are listed in Swiss 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.

Disclaimer
This material was produced by and views expressed are those of Credit Suisse at the time of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or invitation by or on behalf of Credit Suisse to anyone to buy or sell securities. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication has been compiled or obtained from sources believed to be reliable, but Credit Suisse makes no representation as to its accuracy or completeness and accepts no responsibility for any loss arising from use of it.

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 investing, you should read the applicable pricing supplement, dated prospectus supplement June 18, 2020 and the Prospectus dated June 18, 2020 that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering. You can obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov or by clicking on the hyperlinks below:

USOI:
Additional charge for March 23, 2022including the dated prospectus supplement June 18, 2020and Prospectus dated June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOI

GLDI:
Additional charge for May 24, 2021including the dated prospectus supplement June 18, 2020and Prospectus dated June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/GLDI

OBSL:
Additional charge for June 24, 2021including the dated prospectus supplement June 18, 2020and Prospectus dated June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/SLVO

Alternatively, Credit Suisse, Credit Suisse Securities (UNITED STATES) LLC or any agent or broker participating in this offering will arrange to send you the applicable Pricing Supplement, Prospectus Supplement and Prospectus if you request them by calling 1-800-320-1225.

This material was produced by and views expressed are those of Credit Suisse at the time of writing and are subject to change.

X-links® is a registered trademark of Credit Suisse Securities (UNITED STATES) LLC.

Copyright © 2022, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.

favicon.png?sn=CL48798&sd=2022-05-06 Show original content to download multimedia:https://www.prnewswire.com/news-releases/credit-suisse-announces-coupon-payments-and-expected-coupon-payments-on-credit-suisse-x-links-exchange-traded-notes-the- etns-301541563.html

SOURCE Credit Suisse AG

Comments are closed.