Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")
Credit Suisse announced coupon payments for its X-Links Exchange Traded Notes (ETNs) on July 1 and July 6, 2021. The ETNs listed include REML, USOI, GLDI, and SLVO, each with specific coupon amounts, payment dates, and expected yields. Key figures include a coupon amount of $0.2041 for REML with a yield of 15.46%, while USOI has a coupon of $0.0615 and a yield of 17.83%. Investors should note that these coupon payments are variable and influenced by the bank's financial stability.
- Coupon payments announced for multiple ETNs provide regular income opportunities.
- High expected current yields: 15.46% for REML, 17.83% for USOI, indicating potential for attractive returns.
- Coupon payments are subject to fluctuation and may be zero in future periods, indicating risk.
- Payments depend on Credit Suisse's financial ability, which could affect investor returns.
NEW YORK, July 6, 2021 /PRNewswire/ -- On July 1, 2021, Credit Suisse declared coupon payments for the following ETNs:
ETN Ticker | ETN Name | Closing Indicative Value on 6/30/21 | Ex-Date | Record | Payment | Coupon | Coupon | Current | ||
REML | Credit | $ 7.4899 | 7/13/21 | 7/14/21 | 7/22/21 | Monthly | ||||
On July 6, 2021, Credit Suisse announced expected coupon payments for the following ETNs:
ETN | ETN Name | Closing | Ex-Date | Record | Payment | Expected | Coupon | Expected |
USOI | Credit | $ 5.2964 | 7/20/21 | 7/21/21 | 7/26/21 | Monthly | ||
GLDI | Credit | $ 8.5356 | 7/20/21 | 7/21/21 | 7/26/21 | Monthly | ||
SLVO | Credit | $ 6.0672 | 7/20/21 | 7/21/21 | 7/26/21 | Monthly |
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 |
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 |
3. | On June 14, 2021, the Credit Suisse Nasdaq Gold FLOWSTM 103 Index, the Credit Suisse Nasdaq Silver FLOWSTM 106 Index and the Credit Suisse Nasdaq |
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 |
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 |
Press Contact
Anna Christensen, Credit Suisse AG, anna.christensen@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 is one of the world's leading financial services providers. 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 49,090 people. The registered shares (CSGN) of 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.
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 18, 2020 and the Prospectus dated June 18, 2020 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 November 10, 2020, including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/REML
USOI:
Pricing Supplement dated May 17, 2021, including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/USOI
GLDI:
Pricing Supplement dated May 24, 2021, including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:
https://notes.credit-suisse.com/api/DocFile/GetProspectus/GLDI
SLVO:
Pricing Supplement dated June 24, 2021, including the Prospectus Supplement dated June 18, 2020, and Prospectus dated June 18, 2020:
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 © 2021, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
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SOURCE Credit Suisse AG
FAQ
What are the coupon payments for Credit Suisse ETNs announced on July 6, 2021?
What is the expected current yield for REML and USOI ETNs?
When are the payment dates for the Credit Suisse ETNs?
What is the significance of the ex-date for Credit Suisse ETNs?