Exhibit 99.1
 |
CREDIT SUISSE AG |
|
Eleven Madison Avenue
New York, NY 10010
USA |
Telephone +1 212 325 5200
Fax +1 212 325 6665
|
|
Media Release
February 6, 2017
|
| Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links Exchange Traded Notes (the “ETNs”) |
| |
| On February 1, 2017, Credit Suisse declared coupon payments for the following ETNs: |
| ETN Ticker |
ETN Name |
Closing Indicative Value on 1/31/17 |
Ex-Date |
Record Date |
Payment Date |
Coupon Amount |
Coupon Frequency |
Current Yield1 |
| REML |
Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN |
$26.3457 |
2/9/17 |
2/13/17 |
2/22/17 |
$0.0770 |
Monthly |
21.05%2 |
| AMJL |
Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN |
$29.2236 |
2/9/17 |
2/13/17 |
2/22/17 |
$0.3500 |
Monthly |
11.67%2 |
| MLTI |
Credit Suisse X-Links Multi-Asset High Income ETN |
$27.9446 |
2/9/17 |
2/13/17 |
2/22/17 |
$0.0323 |
Monthly |
6.00%2 |
On February 6, 2017, Credit Suisse announced expected coupon
payments for the following ETNs:
| ETN Ticker |
ETN Name |
Closing Indicative Value on 1/31/17 |
Ex-Date |
Record Date |
Payment Date |
Expected Coupon Amount3 |
Coupon Frequency |
Expected Current Yield4 |
| GLDI |
Credit Suisse X-Links Gold Shares Covered Call ETN |
$9.3508 |
2/17/17 |
2/22/17 |
2/27/17 |
$0.0726 |
Monthly |
8.55% |
| SLVO |
Credit Suisse X-Links Silver Shares Covered Call ETN |
$8.9042 |
2/17/17 |
2/22/17 |
2/27/17 |
$0.0684 |
Monthly |
12.08% |
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,
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,
| Media Release |
| February 6, 2017 Page 2/3 |
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 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 January 17, 2017,
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, respectively, with February 2017 expiration. We expect that the notional
cash distribution generated by this sale of options will be withdrawn from the Indices on February 13, 2017, 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 February 13, 2017, 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
Azar Boehm, Credit Suisse AG,
telephone +1 212 538 3953, azar.boehm@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 47,690 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
| Media Release |
| February 6, 2017 Page 3/3 |
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:
REML:
Pricing Supplement dated July 12, 2016, including the Prospectus
Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=REML
AMJL:
Pricing Supplement dated May 17, 2016, including the Prospectus
Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=AMJL
MLTI:
Pricing Supplement dated June 9, 2016, 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 August 12, 2016, 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
SLVO:
Pricing Supplement dated August 16, 2016, 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
Alternatively, Credit Suisse, Credit Suisse Securities (USA) LLC
or any agent or any dealer participating in this offering will arrange to send you the applicable pricing supplement, prospectus
supplement and prospectus if you so request by calling 1-800-320-1225.
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 © 2017, CREDIT SUISSE GROUP AG and/or its affiliates.
All rights reserved.
Form 40-F 