About Us Press Release
Credit Suisse Announces Coupon Payments and Expected Coupon Payments on Credit Suisse X-Links Exchange Traded Notes (the "ETNs")
On May 1, 2017, Credit Suisse declared coupon payments for the following ETNs
| ETN Ticker | ETN Name | Closing Indicative Value on 4/28/17 | Ex-Date | Record Date | Payment Date | Coupon Amount | Coupon Frequency | Current Yield1 |
|---|---|---|---|---|---|---|---|---|
REML |
Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN |
$31.6716 |
5/9/17 |
5/11/17 |
5/19/17 |
$0.1382 |
Monthly |
17.95%2 |
AMJL |
Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN |
$26.8664 |
5/9/17 |
5/11/17 |
5/19/17 |
$0.4033 |
Monthly |
15.28%2 |
MLTI |
Credit Suisse X-Links Multi-Asset High Income ETN |
$29.0006 |
5/9/17 |
5/11/17 |
5/19/17 |
$0.0729 |
Monthly |
5.61%2 |
On May 4, 2017, Credit Suisse announced expected coupon payments for the following ETNs:
| ETN Ticker | ETN Name | Closing Indicative Value on 4/28/17 | 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 |
$24.7341 |
5/18/17 |
5/22/17 |
5/25/17 |
$0.1552 |
Monthly |
7.53% |
GLDI |
Credit Suisse X-Links Gold Shares Covered Call ETN |
$9.6058 |
5/18/17 |
5/22/17 |
5/25/17 |
$0.1219 |
Monthly |
8.41% |
SLVO |
Credit Suisse X-Links Silver Shares Covered Call ETN |
$8.6866 |
5/18/17 |
5/22/17 |
5/25/17 |
$0.0629 |
Monthly |
7.26% |
- 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.
- 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.
- On April 18, 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 May 2017 expiration. We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on May 15, 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 May 15, 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.
- 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 Expected Coupon Amount, multiplied by twelve (to annualize such amount), 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.
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.