a56574.htm - Generated by SEC Publisher for SEC Filing
Filed
pursuant to Rule 433
Registration Statement No. 333-180300-03
December 11, 2013
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Exchange
Traded Notes |
ETN
Monthly Performance Report - November 2013
The
November 2013 ETN Monthly Performance report is now available for download.
Download
the 1-pager report for complete details.
Strategy
in Focus: The Cushing® 30 MLP Index (the "Index")
The
Index is an equally-weighted index that uses a formulaic, proprietary valuation methodology (SValuES©) to rank the MLPs for
inclusion in the index. Exchange Traded Notes linked to the Index (the "MLP Index ETNs") are listed on the NYSE Arca under the
ticker "MLPN". Please refer to the prospectus for this product for complete details.
| • | MLPs
are publicly traded limited or general partnership interests. MLPs included in the Index
hold mid-stream energy infrastructure assets in North America. |
| • | The
SValuES© formulaic ranking system emphasizes the importance of balance sheet, cash
flow, and cash distribution metrics rather than market capitalization. |
| • | The
MLPs underlying the Index are reset to equal weighting on a quarterly basis. |
| • | Although
the MLP Index ETN holders have no interest or rights in the underlying MLPs, they may
receive cash distributions as reduced by the investor fee. |
Find
out more information on the MLP Index ETNs
Credit
Suisse ETN Products
| - | Commodity
Benchmark Exchange Traded Notes - CSCB |
| - | Commodity
Rotation Exchange Traded Notes - CSCR |
| - | Silver
Shares Covered Call Exchange Traded Notes - SLVO |
| - | Gold
Shares Covered Call Exchange Traded Notes - GLDI |
| - | MLP
Index Exchange Traded Notes - MLPN |
| - | Merger
Arbitrage Index Exchange Traded Notes - CSMA |
| - | Merger
Arbitrage Index Leveraged Exchange Traded Notes - CSMB |
| - | Long/Short
Equity Index Exchange Traded Notes - CSLS |
| - | Market
Neutral Equity Exchange Traded Notes - CSMN |
Selected
Investment Considerations
| - | The
ETNs do not have a minimum payment at maturity or daily repurchase value and are fully
exposed to any decline in the applicable Index. Furthermore, the return at maturity or
upon repurchase will be reduced by any fees and charges associated with the ETNs and
the relevant Index. Therefore, the level of the Index must increase by an amount sufficient
to offset the applicable fees and charges. |
| - | You
will not receive fixed period interest payments on any ETN. Certain ETNs may provide
for the payment of periodic coupons. The amount of any such coupon payment will vary
and could be zero. |
| - | Although
the return on the ETNs will be based on the performance of the applicable Index, the
payment of any amount due on the ETNs, including any payment upon redemption, acceleration
or at maturity, and coupon payments (if applicable) is subject to the credit risk of
Credit Suisse. Investors are dependent on Credit Suisse’s ability to pay all amounts
due on the ETNs, and therefore investors are subject to our credit risk. In addition,
any decline in our credit ratings, any adverse changes in the market’s view of
our creditworthiness or any increase in our credit spreads is likely to adversely affect
the market value of the ETNs prior to maturity. |
| - | We
expect that investors will purchase and sell the ETNs primarily in the secondary market
through the exchange on which such ETNs are listed. We have no obligation to maintain
any listing on any exchange, and may delist the ETNs at any time. |
| - | The
indicative value of the ETNs is not the same as the closing price or any other trading
price of the ETNs in the secondary market. The trading price of the ETNs at any time
is the price at which you may be able to sell your ETNs in the secondary market at such
time, if one exists. The trading price of the ETNs at any time may vary significantly
from the indicative value of such |
Contact
Please
contact the ETN desk at 212-538-7333 if you have questions or would like to arrange a call with someone on our team, or
email us at etn.desk@credit-suisse.com.
ETNs
at such time. Before trading in the secondary market, you should compare the indicative value with the then-prevailing trading
price of the ETNs.
| - | We
have the right to repurchase or accelerate the ETNs, as applicable, during the term of
the ETNs. The amount you may receive upon a repurchase or acceleration by Credit Suisse,
as applicable, may be less than the amount you would receive on your investment at maturity
or if you had elected to have us repurchase your ETNs at a time of your choosing. |
| - | Tax
consequences of the ETNs are uncertain and potential investors should consult their tax
advisors regarding the U.S. federal income tax consequences of an investment in the ETNs. |
An
investment in ETNs involves significant risks. The selected investment considerations herein are not intended as a complete description
of all risks associated with ETNs. For further information regarding risks relating to the ETN, please see the section entitled
“Risk Factors” in the applicable pricing supplement.
Credit
Suisse AG (“Credit Suisse”) has filed a registration statement (including prospectus supplement and prospectus) with
the Securities and Exchange Commission, or SEC, for the offering of the ETNs. Before you invest, you should read the applicable
pricing supplement, the Prospectus Supplement dated March 23, 2012, and the Prospectus dated March 23, 2012, to understand fully
the terms of the ETNs and other considerations that are important in making a decision about investing in the ETNs. You may get
these documents without cost by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, Credit Suisse or any agent or dealer participating in an offering will arrange to send you the applicable pricing
supplement, prospectus supplement and prospectus if you so request by calling toll-free 1 (800) 221-1037.
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