Corporate Press Release

Press Release

Credit Suisse AG Announces the Reverse Splits of its UWTI and UGAZ ETNs

Credit Suisse AG announced today that it will implement a 1-for-10 reverse split of its VelocityShares™ 3x Long Crude Oil ETN (“UWTI”) and a 1-for-25 reverse split of its VelocityShares™ 3x Long Natural Gas ETN (“UGAZ”), each expected to be effective as of March 14, 2016.