0000950103-16-010011.txt : 20160106 0000950103-16-010011.hdr.sgml : 20160106 20160106110445 ACCESSION NUMBER: 0000950103-16-010011 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20160106 FILED AS OF DATE: 20160106 DATE AS OF CHANGE: 20160106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREDIT SUISSE AG CENTRAL INDEX KEY: 0001053092 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33434 FILM NUMBER: 161325737 BUSINESS ADDRESS: STREET 1: PARADEPLATZ 8 CITY: ZURICH STATE: V8 ZIP: 8001 BUSINESS PHONE: 01141 44 333 1111 MAIL ADDRESS: STREET 1: P.O. BOX 1 CITY: ZURICH STATE: V8 ZIP: 8070 FORMER COMPANY: FORMER CONFORMED NAME: CREDIT SUISSE / /FI DATE OF NAME CHANGE: 20050607 FORMER COMPANY: FORMER CONFORMED NAME: CREDIT SUISSE FIRST BOSTON / /FI DATE OF NAME CHANGE: 19980115 6-K 1 dp62350_6k.htm FORM 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2016

Commission File Number 001-33434

CREDIT SUISSE AG

 

(Translation of Registrant’s Name Into English)

Paradeplatz 8, CH-8001 Zurich, Switzerland

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F  x     Form 40-F  o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

 
 

Explanatory note

This report on Form 6-K contains the exhibit set forth below. This report on Form 6-K and such exhibit are hereby incorporated by reference into Registration Statement No. 333-202913 of Credit Suisse AG.

 

Exhibit 99.1: Press release of Credit Suisse AG dated January 6, 2016.

 


 
 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

         
  CREDIT SUISSE AG


 
 
Date: January 6, 2016 By:   /s/ Elaine Sam  
    Name:   Elaine Sam  
    Title:   Authorized Officer  
 
  By:   /s/ Seth Wolfman  
    Name:   Seth Wolfman  
    Title:   Authorized Officer  

EX-99.1 2 dp62350_ex9901.htm EXHIBIT 99.1

Exhibit 99.1

 

 

  CREDIT SUISSE AG    

Eleven Madison Avenue

New York, NY 10010 

USA

Telephone

Fax 

+1 212 325 5200

+1 212 325 6665 

 

 

Media Release

 

January 6, 2016

 

Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links Exchange Traded Notes (the “ETNs”).

 

·   On January 5, 2016, Credit Suisse declared coupon payments for the following ETNs:

 

- Credit Suisse X-Links Multi-Asset High Income ETN (NYSE Arca: MLTI)

 

·   On January 6, 2016, Credit Suisse announced expected coupon payments for the following ETNs:

 

- Credit Suisse X-Links Gold Shares Covered Call ETN (NASDAQ: GLDI)

 

- Credit Suisse X-Links Silver Shares Covered Call ETN (NASDAQ: SLVO)

 

·     Summary coupon information is provided below.

 

Declared Coupon Payments

 

ETN Ticker ETN Name Closing Indicative Value on  12/31/15 Ex-Date Record Date Payment Date Coupon Amount Coupon Frequency Current Yield1
MLTI Credit Suisse X-Links Multi-Asset High Income ETN $25.4016 1/12/16 1/14/16 1/25/2016 $0.3418 Monthly 8.09%2

 

Expected Coupon Payments

 

ETN Ticker ETN Name Closing Indicative Value on  12/31/15 Ex-Date Record Date Payment Date Expected Coupon Amount3 Coupon Frequency Expected Current Yield4
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN $10.29 1/15/16 1/20/16 1/25/16 $0.0769 Monthly 10.08%
SLVO Credit Suisse X-Links Silver Shares Covered Call ETN $9.20 1/15/16 1/20/16 1/25/16 $0.0306 Monthly 11.00%

 

1. For each ETN, the Current Yield equals the Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below. The Current Yield is not indicative of future coupon payments, if any, on the ETNs. You are not guaranteed any coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The Coupon Amount may vary significantly from coupon period to coupon period and may be zero. Any payment on the ETNs is subject to Credit Suisse’s ability to pay its obligations as they become due. Accordingly, the Current Yield will change over time, and such change may be significant. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement.

 

2. The ETN launched on September 29, 2015. The Current Yield for the ETN equals the sum of (i) the Coupon Amount plus (ii) the amount of the ETN‘s two most recent coupon payments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis.

 

3. On December 14, 2015, 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 2016 expiration. We expect that the notional cash distribution generated by

 

Media Release

January 6, 2016

Page 2/2

 

 

 

this sale of options will be withdrawn from the Indices on January 11, 2016, subject to adjustment in the event of any market disruption events. Assuming no redemption or acceleration of GLDI and SLVO, and that the notional cash distribution is withdrawn from the Indices on January 11, 2016, we expect to declare a Coupon Amount for GLDI and SLVO, respectively, equal to the corresponding Expected Coupon Amount. The Expected Coupon Amount is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.

 

4. For each ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below. The Expected Current Yield is not indicative of future coupon payments, if any, on the ETNs. You are not guaranteed any coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The Expected Coupon Amount may vary significantly from coupon period to coupon period and may be zero. Any payment on the ETNs is subject to Credit Suisse’s ability to pay its obligations as they become due. Accordingly, the Expected Current Yield will change over time, and such change may be significant. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement. For each ETN, the Expected Current Yield equals the sum of (i) the Expected Coupon Amount plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis. The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances.

 

 

Press Contact

Nicole Sharp, Credit Suisse AG, telephone +1 212 325 8708 nicole.sharp @credit-suisse.com

 

Credit Suisse ETNs

Telephone +1 800 320 1225, ETN.Desk@credit-suisse.com

 

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. You may receive less, and possibly significantly less, than the principal amount of your investment at maturity or upon repurchase or sale. Coupon payments on the ETNs will vary and could be zero. There is no actual portfolio of assets in which any investor in the ETNs has any ownership or other interest. Investors in the ETNs do not have voting rights, distribution rights or other rights with respect to the assets included in the tracked indices. 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.

 

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 offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,100 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.

 

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 you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated May 4, 2015 and the Prospectus dated May 4, 2015 that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov or clicking the hyperlinks below:

 

MLTI:

Pricing Supplement dated September 29, 2015, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015: 

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

 

GLDI:

Pricing Supplement dated July 20, 2015, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:

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:

Pricing Supplement dated July 20, 2015, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:

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

 

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change.

 

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

 

 

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