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
June 6,
2017
Credit
Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the
“ETNs”)
On
June 1, 2017, Credit Suisse declared coupon payments for the following ETNs:
| ETN
Ticker |
ETN
Name |
Closing
Indicative Value on 5/31/17 |
Ex-Date |
Record
Date |
Payment
Date |
Coupon
Amount |
Coupon
Frequency |
Current
Yield1 |
| REML |
Credit
Suisse X-Links® Monthly Pay 2xLeveraged Mortgage REIT ETN |
$30.6568 |
6/9/17 |
6/13/17 |
6/21/17 |
$0.0873 |
Monthly |
18.79%2 |
| AMJL |
Credit
Suisse X-Links® Monthly Pay 2xLeveraged Alerian MLP Index ETN |
$24.0163 |
6/9/17 |
6/13/17 |
6/21/17 |
$0.4971 |
Monthly |
15.00%2 |
| MLTI |
Credit
Suisse X-Links® Multi-Asset High Income ETN |
$28.6279 |
6/9/17 |
6/13/17 |
6/21/17 |
$0.0710 |
Monthly |
5.64%2 |
| |
|
|
|
|
|
|
|
|
|
On June 6, 2017, Credit Suisse announced expected coupon
payments for the following ETNs:
| ETN
Ticker |
ETN
Name |
Closing
Indicative Value on 5/31/17 |
Ex-Date |
Record
Date |
Payment
Date |
Expected
Coupon Amount3 |
Coupon
Frequency |
Expected
Current Yield4 |
| USOI |
Credit Suisse X-Links®
Crude Oil Shares Covered Call ETN |
$24.1132 |
6/19/17 |
6/21/17 |
6/26/17 |
$0.4242 |
Monthly |
14.42% |
| GLDI |
Credit Suisse X-Links®
Gold Shares Covered Call ETN |
$9.4350 |
6/19/17 |
6/21/17 |
6/26/17 |
$0.0232 |
Monthly |
7.33% |
| SLVO |
Credit Suisse X-Links®
Silver Shares Covered Call ETN |
$8.5911 |
6/19/17 |
6/21/17 |
6/26/17 |
$0.0388 |
Monthly |
5.80% |
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 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 May 15, 2017, the Credit Suisse Nasdaq Gold FLOWSTM 103
Index, the Credit Suisse Nasdaq Silver FLOWSTM 106 Index and the Credit Suisse Nasdaq WTI Crude Oil FLOWSTM
106 Index (the “Indices”) concluded the notional sale of options on GLD shares, SLV shares and USO shares, respectively,
with June 2017 expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from
the Indices on June 12, 2017, subject to adjustment in the event of any market disruption events. Assuming no redemption or acceleration
of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on June 12, 2017, we expect to declare
a Coupon Amount for GLDI, SLVO and USOI, 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
GLDI and SLVO, 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. For USOI, which launched on April 25, 2017, the Expected Current
Yield equals the sum of (i) the Expected Coupon Amount plus (ii) the amount of the ETN's most recent coupon payment, multiplied
by six (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.
 |
Media
Release |
June
6, 2017
Page
2/3 |
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 46,640 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:
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
USOI:
Pricing Supplement dated April
25, 2017, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:
https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=USOI
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 