Corporate Press Release
Credit Suisse AG Announces the Split of its VelocityShares™ Daily Inverse VIX Short Term ETN and VelocityShares™ Daily Inverse VIX Medium Term ETN
The split will affect ETN trading denominations, but it will not have any effect on the principal amount of the underlying notes.
The record date for the split of each of the ETNs will be the close of business, New York time, on June 23, 2011. The payment date will be June 24, 2011. The closing indicative value of the XIV ETNs and the ZIV ETNs on June 24, 2011 will be divided by ten and eight, respectively, to determine the split-adjusted value of the ETNs on June 27, 2011. The split of each of the ETNs will be effective at the close of trading on June 24, 2011 and the ETNs will begin trading on the NYSE Arca on a split-adjusted basis on June 27, 2011.