Exhibit 99.1
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CREDIT SUISSE AG |
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Eleven Madison Avenue
New York, NY 10010
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Telephone +1 212-325-2000
Fax +1 212-325-7924
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Media Release
November 6, 2018
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| Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”) |
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| On November 1, 2018, Credit Suisse declared coupon payments for the following ETNs: |
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| ETN Ticker |
ETN Name |
Closing Indicative Value on 10/31/18 |
Ex-Date |
Record Date |
Payment Date |
Coupon Amount per ETN |
Coupon Frequency |
Current Yield1 |
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| REML |
Credit Suisse X-Links® Monthly Pay 2xLeveraged Mortgage REIT ETN |
$24.8111 |
11/13/18 |
11/14/18 |
11/23/18 |
$0.1450 |
Monthly |
21.53%2 |
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| AMJL |
Credit Suisse X-Links® Monthly Pay 2xLeveraged Alerian MLP Index ETN |
$15.1568 |
11/13/18 |
11/14/18 |
11/23/18 |
$0.2061 |
Monthly |
20.03%2 |
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| MLTI |
Credit Suisse X-Links® Multi-Asset High Income ETN |
$26.8034 |
11/13/18 |
11/14/18 |
11/23/18 |
$0.0858 |
Monthly |
6.05%2 |
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On November 6, 2018, Credit Suisse announced expected coupon
payments for the following ETNs:
| ETN Ticker |
ETN Name |
Closing Indicative Value on 10/31/18 |
Ex-Date |
Record Date |
Payment Date |
Expected Coupon Amount per ETN3 |
Coupon Frequency |
Expected Current Yield4 |
| USOI |
Credit Suisse X-Links® Crude Oil Shares Covered Call ETN |
$26.9781 |
11/19/18 |
11/20/18 |
11/26/18 |
$0.1576 |
Monthly |
8.52%5 |
| GLDI |
Credit Suisse X-Links® Gold Shares Covered Call ETN |
$8.2470 |
11/19/18 |
11/20/18 |
11/26/18 |
$0.0813 |
Monthly |
7.07%5 |
| SLVO |
Credit Suisse X-Links® Silver Shares Covered Call ETN |
$6.5404 |
11/19/18 |
11/20/18 |
11/26/18 |
$0.0407 |
Monthly |
5.10%5 |
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Media Release |
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November 6, 2018
Page 2/3
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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
October 15, 2018, 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 November 2018 expiration. We expect that the notional
cash distribution generated by this sale of options will be withdrawn from the Indices on November 12, 2018, 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 November 12, 2018, 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.
5. The Expected Current Yield for
the ETN 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
Karina Byrne, Credit Suisse AG,
telephone +1 212 538 8361, karina.byrne@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
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'). Our strategy builds on Credit Suisse's core strengths: its position as a leading wealth manager, its specialist investment
banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth
management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth
in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse
employs approximately 45,560 people. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG,
are listed in Switzerland and, in the form of
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Media Release |
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November 6, 2018
Page 3/3
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American Depositary Shares (CS),
in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Disclaimer
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. It has been prepared solely
for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of
Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future.
The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable
but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any
loss arising from the use hereof.
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 June 30, 2017 and
the Prospectus dated June 30, 2017 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 September
18, 2018, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/REML
AMJL:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/AMJL
MLTI:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/MLTI
USOI:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOI
GLDI:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/GLDI
SLVO:
Pricing Supplement dated June 30,
2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/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.
X-Links® is a registered
trademark of Credit Suisse Securities (USA) LLC.
Copyright © 2018, CREDIT SUISSE
GROUP AG and/or its affiliates. All rights reserved.
Form 40-F 