FWP 1 e67839fwp.htm ETN WEBSITE UPDATE

Filed Pursuant to Rule 433

Registration Statement Nos. 333-202913 and 333-180300-03

January 19, 2016

ETN Website Update

January 2016

   

 

Home Page

2

   

 

Commodities

3

   

 

Equities

4

   

 

Hybrids

5

   

 

MLPs

6

   

 

Alternative Beta

7

   

 

Commodity Strategies

8

   

 

Income Potential

9

   

 

CSCB – Overview Pg 1

10

   

 

CSCB – Overview Pg 2

11

   

 

CSCB – Performance Pg 1

12

   

 

CSCB – Performance Pg 2

13

   

 

CSCB – Performance Pg 3

14

   

 

CSCB – Index Components Pg 1

15

   

 

CSCB – Index Components Pg 2

16

   

 

CSCR – Overview Pg 1

17

   

 

CSCR – Overview Pg 2

18

   

 

CSCR – Performance Pg 1

19

   

 

CSCR – Performance Pg 2

20

   

 

CSCR – Performance Pg 3

21

   

 

CSCR – Index Components Pg 1

22

   

 

CSCR – Index Components Pg 2

23

   

 

CSLS – Overview Pg 1

24

   

 

CSLS – Overview Pg 2

25

   

 

CSLS – Performance Pg 1

26

   

 

CSLS – Performance Pg 2

27

   

 

CSLS – Performance Pg 3

28

   

 

CSLS – Performance Pg 4

29

   

 

CSLS – Index Components Pg 1

30

   

 

CSLS – Index Components Pg 2

31

   

 

CSMA – Overview Pg 1

32

   

 

CSMA – Overview Pg 2

33

   

 

CSMA – Performance Pg 1

34

   

 

CSMA – Performance Pg 2

35

   

 

CSMA – Performance Pg 3

36

   

 

CSMA – Performance Pg 4

37

   

 

CSMA – Index Components Pg 1

38

   

 

CSMA – Index Components Pg 2

39

   

 

CSMA – Index Components Pg 3

40

   

 

CSMA – Index Components Pg 4

41

   

 

CSMA – Index Components Pg 5

42

   

 

CSMA – Index Components Pg 6

43

   

 

GLDI – Overview Pg 1

44

   

 

GLDI – Overview Pg 2

45

   

 

GLDI – Performance Pg 1

46

   

 

GLDI – Performance Pg 2

47

   

 

GLDI – Performance Pg 3

48

   

 

GLDI – Performance Pg 4

49

   

 

GLDI – Coupon History Pg 1

50

   

 




January 2016


X-Links Exchange Traded Notes
Expected Schedule for Coupon Payments
(through December 2016)

MLTI: X-Links Multi-Asset High Income ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Multi-Asset High Income ETNs (the “ETNs” or “MLTI”), which provide exposure to the price return version of the NYSE Multi-Asset High Income Index (the “Index”). The ETNs provide income potential in the form of a variable monthly coupon payment linked to the cash distributions, if any, on a basket of up to 120 publicly-traded securities that historically have paid high dividends or distributions, less investor fees and any withholding taxes. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 12  January 14  January 25 
February 2016  February 9  February 11  February 22 
March 2016  March 9  March 11  March 21 
April 2016  April 11  April 13  April 21 
May 2016  May 10  May 12  May 20 
June 2016  June 9  June 13  June 21 
July 2016  July 12  July 14  July 22 
August 2016  August 9  August 11  August 19 
September 2016  September 12  September 14  September 22 
October 2016  October 12  October 14  October 24 
November 2016  November 9  November 14  November 22 
December 2016  December 9  December 13  December 21 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 1

 


MLPN: X-Links Cushing® MLP Infrastructure ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Cushing® MLP Infrastructure ETNs (the “ETNs” or “MLPN”), which are linked to the return of the Cushing® 30 MLP Index (the “Index”). The ETNs provide income potential in the form of a variable quarterly coupon payment linked to the cash distributions paid on the constituent MLPs in the Index, as reduced by the investor fee. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
February/March 2016  February 25  February 29  March 8 
May/June 2016  May 25  May 27  June 7 
August/September 2016  August 24  August 26  September 6 
November/December 2016  November 25  November 29  December 7 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 2

 


GLDI: X-Links Gold Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Gold Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Gold FLOWSTM (Formula-Linked OverWrite Strategy) 103 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the SPDR® Gold Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 3

 


SLVO: X-Links Silver Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Silver Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Silver FLOWSTM (Formula-Linked OverWrite Strategy) 106 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the iShares® Silver Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 4

 


Selected Investment Considerations

•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 related to the ETNs, please see the section entitled “Risk Factors” in the applicable pricing supplement.
•The ETNs do not have a minimum payment at maturity or minimum payment upon redemption or acceleration and are fully exposed to any decline in the applicable index. Furthermore, the return at maturity or upon redemption or acceleration will be reduced by the notional transaction costs in connection with the implementation of the applicable index strategy and fees and charges associated with the ETNs and the relevant index. Therefore, in order to receive at least your initial investment in the ETNs, the value of the index components, if applicable, and the level of the underlying index must increase by an amount sufficient to offset the applicable costs, fees and charges.
•You will not receive fixed periodic interest payments on any of the ETNs. Certain ETNs may provide for the payment of periodic coupons. The amount of any such coupon 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 any coupon payments, 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.
•The ETNs are not a direct or indirect investment in any of the underlying indices or any components thereof, and there is no assurance that the strategy on which the underlying indices is based will be successful. As long as an active secondary market in the ETNs exists, we expect that investors will

purchase and sell the ETNs primarily in this secondary market. We have no obligation to maintain any listing on any exchange or quotation system.

•The indicative value is a calculated value and is not the same as the trading price of the ETNs and is not a price at which investors can buy or sell the ETNs in the secondary market. The actual trading price of the ETNs in the secondary market may vary significantly from their indicative value. Investors can compare the trading price of the ETNs against the indicative value to determine whether the ETNs are trading in the secondary market at a premium or a discount to the economic value of the ETNs at any given time.
•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.

Pricing Supplements and Addendums

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 securities. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated May 4, 2015 and the Prospectus dated May 4, 2015, 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 any dealer participating in an offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling +1 800 320 1225.



 

The relevant Pricing Supplement and Pricing Supplement Addendum, as applicable, for each ETN can be obtained at the following links:

MLTI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLTI

MLPN: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLPN

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=MLPN

GLDI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=GLDI

SLVO: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=SLVO

 

For more information, please contact us:

Phone: 800-320-1225 | Email: ETN.Desk@credit-suisse.com | Website: www.credit-suisse.com/etn

 

Copyright ©2016 CREDIT SUISSE AG and/or its affiliates. All rights reserved.

 5

 

GLDI – Coupon History Pg 2

51

   

 

GLDI – Coupon History Pg 3

52

   

 

GLDI – Coupon History Pg 4

53

   

 

MLPN – Overview Pg 1

54

   

 

MLPN – Overview Pg 2

55

   

 

MLPN – Performance Pg 1

56

   

 

MLPN – Performance Pg 2

57

   

 

MLPN – Performance Pg 3

58

   

 

MLPN – Performance Pg 4

59

   

 

MLPN – Index Components Pg 1

60

   

 

MLPN – Index Components Pg 2

61

   

 

MLPN – Index Components Pg 3

62

   

 

MLPN – Coupon History Pg 1

63

   

 




January 2016


X-Links Exchange Traded Notes
Expected Schedule for Coupon Payments
(through December 2016)

MLTI: X-Links Multi-Asset High Income ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Multi-Asset High Income ETNs (the “ETNs” or “MLTI”), which provide exposure to the price return version of the NYSE Multi-Asset High Income Index (the “Index”). The ETNs provide income potential in the form of a variable monthly coupon payment linked to the cash distributions, if any, on a basket of up to 120 publicly-traded securities that historically have paid high dividends or distributions, less investor fees and any withholding taxes. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 12  January 14  January 25 
February 2016  February 9  February 11  February 22 
March 2016  March 9  March 11  March 21 
April 2016  April 11  April 13  April 21 
May 2016  May 10  May 12  May 20 
June 2016  June 9  June 13  June 21 
July 2016  July 12  July 14  July 22 
August 2016  August 9  August 11  August 19 
September 2016  September 12  September 14  September 22 
October 2016  October 12  October 14  October 24 
November 2016  November 9  November 14  November 22 
December 2016  December 9  December 13  December 21 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 1

 


MLPN: X-Links Cushing® MLP Infrastructure ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Cushing® MLP Infrastructure ETNs (the “ETNs” or “MLPN”), which are linked to the return of the Cushing® 30 MLP Index (the “Index”). The ETNs provide income potential in the form of a variable quarterly coupon payment linked to the cash distributions paid on the constituent MLPs in the Index, as reduced by the investor fee. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
February/March 2016  February 25  February 29  March 8 
May/June 2016  May 25  May 27  June 7 
August/September 2016  August 24  August 26  September 6 
November/December 2016  November 25  November 29  December 7 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 2

 


GLDI: X-Links Gold Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Gold Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Gold FLOWSTM (Formula-Linked OverWrite Strategy) 103 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the SPDR® Gold Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 3

 


SLVO: X-Links Silver Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Silver Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Silver FLOWSTM (Formula-Linked OverWrite Strategy) 106 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the iShares® Silver Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 4

 


Selected Investment Considerations

•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 related to the ETNs, please see the section entitled “Risk Factors” in the applicable pricing supplement.
•The ETNs do not have a minimum payment at maturity or minimum payment upon redemption or acceleration and are fully exposed to any decline in the applicable index. Furthermore, the return at maturity or upon redemption or acceleration will be reduced by the notional transaction costs in connection with the implementation of the applicable index strategy and fees and charges associated with the ETNs and the relevant index. Therefore, in order to receive at least your initial investment in the ETNs, the value of the index components, if applicable, and the level of the underlying index must increase by an amount sufficient to offset the applicable costs, fees and charges.
•You will not receive fixed periodic interest payments on any of the ETNs. Certain ETNs may provide for the payment of periodic coupons. The amount of any such coupon 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 any coupon payments, 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.
•The ETNs are not a direct or indirect investment in any of the underlying indices or any components thereof, and there is no assurance that the strategy on which the underlying indices is based will be successful. As long as an active secondary market in the ETNs exists, we expect that investors will

purchase and sell the ETNs primarily in this secondary market. We have no obligation to maintain any listing on any exchange or quotation system.

•The indicative value is a calculated value and is not the same as the trading price of the ETNs and is not a price at which investors can buy or sell the ETNs in the secondary market. The actual trading price of the ETNs in the secondary market may vary significantly from their indicative value. Investors can compare the trading price of the ETNs against the indicative value to determine whether the ETNs are trading in the secondary market at a premium or a discount to the economic value of the ETNs at any given time.
•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.

Pricing Supplements and Addendums

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 securities. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated May 4, 2015 and the Prospectus dated May 4, 2015, 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 any dealer participating in an offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling +1 800 320 1225.



 

The relevant Pricing Supplement and Pricing Supplement Addendum, as applicable, for each ETN can be obtained at the following links:

MLTI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLTI

MLPN: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLPN

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=MLPN

GLDI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=GLDI

SLVO: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=SLVO

 

For more information, please contact us:

Phone: 800-320-1225 | Email: ETN.Desk@credit-suisse.com | Website: www.credit-suisse.com/etn

 

Copyright ©2016 CREDIT SUISSE AG and/or its affiliates. All rights reserved.

 5

 

MLPN – Coupon History Pg 2

64

   

 

MLPN – Coupon History Pg 3

65

   

 

MLTI – Overview Pg 1

66

   

 

MLTI – Overview Pg 2

67

   

 

MLTI – Performance Pg 1

68

   

 

MLTI – Performance Pg 2

69

   

 

MLTI – Performance Pg 3

70

   

 

MLTI – Performance Pg 4

71

   

 

MLTI – Performance Pg 5

72

   

 

MLTI – Target Weightings Pg 1

73

   

 

MLTI – Target Weightings Pg 2

74

   

 

MLTI – Index Components Pg 1

75

   

 

MLTI – Index Components Pg 2

76

   

 

MLTI – Index Components Pg 3

77

   

 

MLTI – Index Components Pg 4

78

   

 

MLTI – Index Components Pg 5

79

   

 

MLTI – Index Components Pg 6

80

   

 

MLTI – Coupon History Pg 1

81

   

 




January 2016


X-Links Exchange Traded Notes
Expected Schedule for Coupon Payments
(through December 2016)

MLTI: X-Links Multi-Asset High Income ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Multi-Asset High Income ETNs (the “ETNs” or “MLTI”), which provide exposure to the price return version of the NYSE Multi-Asset High Income Index (the “Index”). The ETNs provide income potential in the form of a variable monthly coupon payment linked to the cash distributions, if any, on a basket of up to 120 publicly-traded securities that historically have paid high dividends or distributions, less investor fees and any withholding taxes. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 12  January 14  January 25 
February 2016  February 9  February 11  February 22 
March 2016  March 9  March 11  March 21 
April 2016  April 11  April 13  April 21 
May 2016  May 10  May 12  May 20 
June 2016  June 9  June 13  June 21 
July 2016  July 12  July 14  July 22 
August 2016  August 9  August 11  August 19 
September 2016  September 12  September 14  September 22 
October 2016  October 12  October 14  October 24 
November 2016  November 9  November 14  November 22 
December 2016  December 9  December 13  December 21 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 1

 


MLPN: X-Links Cushing® MLP Infrastructure ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Cushing® MLP Infrastructure ETNs (the “ETNs” or “MLPN”), which are linked to the return of the Cushing® 30 MLP Index (the “Index”). The ETNs provide income potential in the form of a variable quarterly coupon payment linked to the cash distributions paid on the constituent MLPs in the Index, as reduced by the investor fee. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
February/March 2016  February 25  February 29  March 8 
May/June 2016  May 25  May 27  June 7 
August/September 2016  August 24  August 26  September 6 
November/December 2016  November 25  November 29  December 7 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 2

 


GLDI: X-Links Gold Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Gold Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Gold FLOWSTM (Formula-Linked OverWrite Strategy) 103 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the SPDR® Gold Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 3

 


SLVO: X-Links Silver Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Silver Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Silver FLOWSTM (Formula-Linked OverWrite Strategy) 106 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the iShares® Silver Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 4

 


Selected Investment Considerations

•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 related to the ETNs, please see the section entitled “Risk Factors” in the applicable pricing supplement.
•The ETNs do not have a minimum payment at maturity or minimum payment upon redemption or acceleration and are fully exposed to any decline in the applicable index. Furthermore, the return at maturity or upon redemption or acceleration will be reduced by the notional transaction costs in connection with the implementation of the applicable index strategy and fees and charges associated with the ETNs and the relevant index. Therefore, in order to receive at least your initial investment in the ETNs, the value of the index components, if applicable, and the level of the underlying index must increase by an amount sufficient to offset the applicable costs, fees and charges.
•You will not receive fixed periodic interest payments on any of the ETNs. Certain ETNs may provide for the payment of periodic coupons. The amount of any such coupon 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 any coupon payments, 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.
•The ETNs are not a direct or indirect investment in any of the underlying indices or any components thereof, and there is no assurance that the strategy on which the underlying indices is based will be successful. As long as an active secondary market in the ETNs exists, we expect that investors will

purchase and sell the ETNs primarily in this secondary market. We have no obligation to maintain any listing on any exchange or quotation system.

•The indicative value is a calculated value and is not the same as the trading price of the ETNs and is not a price at which investors can buy or sell the ETNs in the secondary market. The actual trading price of the ETNs in the secondary market may vary significantly from their indicative value. Investors can compare the trading price of the ETNs against the indicative value to determine whether the ETNs are trading in the secondary market at a premium or a discount to the economic value of the ETNs at any given time.
•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.

Pricing Supplements and Addendums

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 securities. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated May 4, 2015 and the Prospectus dated May 4, 2015, 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 any dealer participating in an offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling +1 800 320 1225.



 

The relevant Pricing Supplement and Pricing Supplement Addendum, as applicable, for each ETN can be obtained at the following links:

MLTI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLTI

MLPN: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLPN

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=MLPN

GLDI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=GLDI

SLVO: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=SLVO

 

For more information, please contact us:

Phone: 800-320-1225 | Email: ETN.Desk@credit-suisse.com | Website: www.credit-suisse.com/etn

 

Copyright ©2016 CREDIT SUISSE AG and/or its affiliates. All rights reserved.

 5

 

MLTI – Coupon History Pg 2

82

   

 

SLVO – Overview Pg 1

83

   

 

SLVO – Overview Pg 2

84

   

 

SLVO – Performance Pg 1

85

   

 

SLVO – Performance Pg 2

86

   

 

SLVO – Performance Pg 3

87

   

 

SLVO – Performance Pg 4

88

   

 

SLVO – Coupon History Pg 1

89

   

 




January 2016


X-Links Exchange Traded Notes
Expected Schedule for Coupon Payments
(through December 2016)

MLTI: X-Links Multi-Asset High Income ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Multi-Asset High Income ETNs (the “ETNs” or “MLTI”), which provide exposure to the price return version of the NYSE Multi-Asset High Income Index (the “Index”). The ETNs provide income potential in the form of a variable monthly coupon payment linked to the cash distributions, if any, on a basket of up to 120 publicly-traded securities that historically have paid high dividends or distributions, less investor fees and any withholding taxes. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 12  January 14  January 25 
February 2016  February 9  February 11  February 22 
March 2016  March 9  March 11  March 21 
April 2016  April 11  April 13  April 21 
May 2016  May 10  May 12  May 20 
June 2016  June 9  June 13  June 21 
July 2016  July 12  July 14  July 22 
August 2016  August 9  August 11  August 19 
September 2016  September 12  September 14  September 22 
October 2016  October 12  October 14  October 24 
November 2016  November 9  November 14  November 22 
December 2016  December 9  December 13  December 21 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 1

 


MLPN: X-Links Cushing® MLP Infrastructure ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Cushing® MLP Infrastructure ETNs (the “ETNs” or “MLPN”), which are linked to the return of the Cushing® 30 MLP Index (the “Index”). The ETNs provide income potential in the form of a variable quarterly coupon payment linked to the cash distributions paid on the constituent MLPs in the Index, as reduced by the investor fee. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
February/March 2016  February 25  February 29  March 8 
May/June 2016  May 25  May 27  June 7 
August/September 2016  August 24  August 26  September 6 
November/December 2016  November 25  November 29  December 7 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 2

 


GLDI: X-Links Gold Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Gold Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Gold FLOWSTM (Formula-Linked OverWrite Strategy) 103 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the SPDR® Gold Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 3

 


SLVO: X-Links Silver Shares Covered Call ETN

The table provides the expected schedule for coupon payments, if any, on the Credit Suisse X-Links Silver Shares Covered Call ETN (the “ETNs”), which are linked to the return of the Credit Suisse NASDAQ Silver FLOWSTM (Formula-Linked OverWrite Strategy) 106 Index. The ETNs provide income potential based on notional option premiums received from the sale of monthly call options on shares of the iShares® Silver Trust. The table provides the expected schedule for coupon payments through December of 2016 (assuming the ETNs are not redeemed or accelerated prior to such date). The dates listed are subject to adjustment in the event of market disruption events. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs.

Month  Ex-Coupon Date  Record Date  Payment Date1 
January 2016  January 15  January 20  January 25 
February 2016  February 18  February 22  February 25 
March 2016  March 18  March 22  March 25 
April 2016  April 18  April 20  April 25 
May 2016  May 18  May 20  May 25 
June 2016  June 20  June 22  June 27 
July 2016  July 18  July 20  July 25 
August 2016  August 18  August 22  August 25 
September 2016  September 19  September 21  September 26 
October 2016  October 18  October 20  October 25 
November 2016  November 17  November 21  November 25 
December 2016  December 19  December 21  December 27 

1 The applicable coupon payment will be made to the holder of record on the immediately preceding Record Date.



See “Selected Investment Considerations” and information where you can obtain the relevant pricing supplements on page 5.

Continued on next page

 4

 


Selected Investment Considerations

•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 related to the ETNs, please see the section entitled “Risk Factors” in the applicable pricing supplement.
•The ETNs do not have a minimum payment at maturity or minimum payment upon redemption or acceleration and are fully exposed to any decline in the applicable index. Furthermore, the return at maturity or upon redemption or acceleration will be reduced by the notional transaction costs in connection with the implementation of the applicable index strategy and fees and charges associated with the ETNs and the relevant index. Therefore, in order to receive at least your initial investment in the ETNs, the value of the index components, if applicable, and the level of the underlying index must increase by an amount sufficient to offset the applicable costs, fees and charges.
•You will not receive fixed periodic interest payments on any of the ETNs. Certain ETNs may provide for the payment of periodic coupons. The amount of any such coupon 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 any coupon payments, 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.
•The ETNs are not a direct or indirect investment in any of the underlying indices or any components thereof, and there is no assurance that the strategy on which the underlying indices is based will be successful. As long as an active secondary market in the ETNs exists, we expect that investors will

purchase and sell the ETNs primarily in this secondary market. We have no obligation to maintain any listing on any exchange or quotation system.

•The indicative value is a calculated value and is not the same as the trading price of the ETNs and is not a price at which investors can buy or sell the ETNs in the secondary market. The actual trading price of the ETNs in the secondary market may vary significantly from their indicative value. Investors can compare the trading price of the ETNs against the indicative value to determine whether the ETNs are trading in the secondary market at a premium or a discount to the economic value of the ETNs at any given time.
•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.

Pricing Supplements and Addendums

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 securities. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated May 4, 2015 and the Prospectus dated May 4, 2015, 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 any dealer participating in an offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling +1 800 320 1225.



 

The relevant Pricing Supplement and Pricing Supplement Addendum, as applicable, for each ETN can be obtained at the following links:

MLTI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLTI

MLPN: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLPN

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=MLPN

GLDI: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=GLDI

SLVO: https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO

Pricing Supplement Addendum: https://notes.credit-suisse.com/csfbnoteslogin/etn/addendum.asp?Ticker=SLVO

 

For more information, please contact us:

Phone: 800-320-1225 | Email: ETN.Desk@credit-suisse.com | Website: www.credit-suisse.com/etn

 

Copyright ©2016 CREDIT SUISSE AG and/or its affiliates. All rights reserved.

 5

 

SLVO – Coupon History Pg 2

90

   

 

SLVO – Coupon History Pg 3

91