New York, January 6, 2023 /PR Newswire/ — upon January 4, 2023Credit Suisse announced the expected coupon payout for the next ETN.
|
ETNs |
ETN name |
close |
ex-rights date |
Record date |
payment |
Be expected |
coupon |
Be expected |
|
lie |
credit suisse |
$83.3562 |
23/1/19 |
2023/1/20 |
23/1/25 |
$1.3826 |
monthly |
20.96%3 |
|
GLDI |
credit suisse |
$147.2273 |
23/1/19 |
2023/1/20 |
23/1/25 |
$1.7440 |
monthly |
18.89%3 |
|
SLVO |
credit suisse |
$88.4155 |
23/1/19 |
2023/1/20 |
23/1/25 |
$2.2440 |
monthly |
24.28%3 |
|
1. Credit Suisse Nasdaq Gold Flow on December 12, 2022TMs 103 Index, Credit Suisse Nasdaq Silver FlowTMs 106 Index and Credit Suisse Nasdaq WTI Oil FlowsTMs The 106 Index (the “Index”) has completed the notional sale of options on GLD, SLV and USO shares each with a January 2023 maturity. The notional cash distribution generated by this option sale is expected to be withdrawn from the index on 17 January 2023 and adjusted in the event of a market turmoil event. Assuming no redemption or acceleration of GLDI, SLVO, and USOI, and the withdrawal of the expected cash distributions from the index on 17 January 2023, the GLDI, SLVO, and USOI coupon amounts are at their respective expected values. is expected to be equal to Coupon amount. Unexpected Coupon amounts are subject to change due to the occurrence of interruption events or other unforeseen circumstances. |
|
2. For each ETN, the Expected Current Yield equals the Annualized Expected Coupon Amount divided by the Closing Indicator Value. Details are provided below. The ETN’s expected coupon amount and its expected current yield based on its last two coupon payments are not indicative of future ETN coupon payments. In particular, an ETN’s future coupon payments may differ significantly from expected current yields if its closing price index fluctuates significantly in volatile markets. Payment or distribution of coupons based on ETN is not guaranteed. ETN coupon payments (if any) are variable and do not represent fixed periodic interest payments. ETN expected coupon amounts vary significantly from coupon period to coupon period and may be zero. Therefore, expected current yields will change over time, and such changes can be material. ETN payments are subject to Credit Suisse’s ability to pay its obligations when due. For more information on ETN Coupon Payments, please refer to the ETN Pricing Supplement. |
|
3. The expected current yield of an ETN is: (i) the expected coupon amount; plus (ii) the amount of the last two ETN coupon payments; multiplied At 4 (to annualize such amounts), Divided Rounded to two decimal places for ease of analysis. Expected current yields are subject to change due to the occurrence of disruption events or other unforeseen circumstances. |
press contact
Andre RosenblattCredit Suisse, andre.rosenblatt@credit-suisse.com
Credit Suisse ETN
Phone +1 800 320 1225, ETN.Desk@credit-suisse.com
ETNs are not suitable for all investors and should only be purchased by knowledgeable investors who understand the potential consequences of investing in ETNs. ETNs are exposed to Credit Suisse’s credit risk. Upon maturity or repurchase or sale, you may receive less or significantly less than the principal amount of your investment. Coupon payouts in ETN are variable and can even be zero. There is no real portfolio of assets in which ETN investors have ownership or other interest. ETN investors do not have voting, distribution or other rights with respect to the assets included in the Tracking Index. Investing in ETNs involves significant risk. For more information regarding risks, please refer to the section entitled “Risk Factors” of the applicable Price Supplement.
credit suisse
Credit Suisse is one of the world’s leading financial services providers. The bank’s strategy is based on its core strengths: its position as a leading wealth manager, its professional investment banking and wealth management capabilities, and its strong presence in its home market. SwitzerlandCredit Suisse seeks to follow a balanced wealth management approach with the aim of capitalizing on both the large asset pool in mature markets and the significant growth in assets in mature markets. Asia Pacific and other emerging markets, as well as serving major developed markets, SwitzerlandThe bank employs over 50,000 people. The registered shares (CSGN) of Credit Suisse Group AG are Switzerland and in the form of American Depositary Shares (CS), New YorkFor more information about Credit Suisse, please visit www.credit-suisse.com.
Disclaimer
This document has been prepared by Credit Suisse and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It is for informational purposes only and is designed for use by the recipient. This does not constitute an offer or invitation to buy or sell securities by or on behalf of Credit Suisse to any person. References to past performance are not necessarily a guide to the future. The information and analysis contained in this publication has been compiled or provided by sources believed to be reliable, but Credit Suisse makes no representations as to its accuracy or completeness and shall not be liable for any damages arising out of its use. We are also not responsible for
Credit Suisse has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) regarding the offering relating to this press release. PLEASE READ THE APPLICABLE PRICE SUPPLEMENT, PROSPECTUS SUPPLEMENT BEFORE INVESTING. June 18, 2020 Prospectus date June 18thIn 2020, Credit Suisse filed more complete information about Credit Suisse and this offering with the SEC. These documents are available free of charge by visiting his EDGAR on the SEC website, www.sec.gov, or by clicking the hyperlink below.
lie:
price supplement date September 27, 2022including dated Prospectus Supplement June 18, 2020the date of the prospectus June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOI
GLDI:
price supplement date September 27, 2022including dated Prospectus Supplement June 18, 2020the date of the prospectus June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/GLDI
SLVO:
price supplement date September 27, 2022including dated Prospectus Supplement June 18, 2020the date of the prospectus June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/SLVO
or Credit Suisse, Credit Suisse Securities (united states of america) LLC or its agents or dealers participating in this offering will send you the applicable pricing addendum, prospectus addendum, and prospectus if you request by calling 1-800-320-1225 I will arrange
This document has been prepared by Credit Suisse and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change.
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