Corporate Press Release

Press Release

Credit Suisse AG Announces the Reverse Splits of its DGAZ, VIIX, TVIX and TVIZ ETN

Credit Suisse AG announced today that it will implement a 1-for-5 reverse split of its VelocityShares™ 3x Inverse Natural Gas ETN ("DGAZ"), a 1-for-5 reverse split of its VelocityShares™ VIX Short Term ETN ("VIIX"), a 1-for-10 reverse split of its VelocityShares™ Daily 2x VIX Short Term ETN ("TVIX") and a 1-for-5 reverse split of its VelocityShares™ Daily 2x VIX Medium Term ETN ("TVIZ"), each expected to be effective as of March 16, 2017 (DGAZ, VIIX, TVIX and TVIZ, each an "ETN" and together, the "ETNs").