Credit Suisse Announces February Monthly Coupon Payments of $0.1086 per ETN on its Gold Shares Covered Call ETN (ticker symbol “GLDI”) and $0.1312 per ETN on its Silver Shares Covered Call ETN (ticker symbol “SLVO”)
New York, February 18, 2014 On February 18, 2014, Credit Suisse declared $0.1086 per ETN monthly Coupon Payment for the Gold Shares Covered Call ETN (the “GLDI ETN”) and declared $0.1312 per ETN monthly Coupon Payment for the Silver Shares Covered Call ETN (the “SLVO ETN”). The respective Coupon Payments are payable on February 26, 2014 to holders of record on February 21, 2014. The ex-dividend date is February 19, 2014.
The Coupon Payments represent a current yield of approximately 8.82% per annum on the GLDI ETN and a current yield of approximately 9.42% per annum on the SLVO ETN. The “current yield” equals the current monthly Coupon Payment annualized and divided by the Closing Indicative Value of the applicable ETN on February 14, 2014.
The current yield is not indicative of future monthly Coupon Payments, if any, on the ETNs. The monthly Coupon Payments (if any) are variable and dependent on the premium generated by the notional sale of options on the GLD shares or the SLV shares, as applicable, and such payments do not represent fixed periodic interest payments.
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. The ETNs are not linked to, and investors have no rights to any physical commodity. Monthly coupon payments on the ETNs will vary and could be zero. Variable monthly coupons are generated from selling covered calls, which limits upside participation. There is no actual portfolio of assets in which any investor in the ETNs has any ownership or other interest. 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.
For more information on the Credit Suisse suite of ETN offerings, please visit:
- Nicole Sharp, Credit Suisse AG, Tel. +1 212 325 8708, firstname.lastname@example.org
- Credit Suisse AG
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