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Credit Suisse X-Links Long/Short Equity ETN due 2/19/2020
Ticker Symbol: CSLS* CUSIP: 22542D878 Exchange: NYSEA
* NOTE: This security is no longer trading as of 5/25/2017
BUSINESS: Credit Suisse Long/Short Liquid Exchange Traded Notes (ETN) due on February 19, 2020 are senior, unsecured debt securities, medium-term notes, issued by Credit Suisse AG, acting through its Nassau Branch. INVESTMENT OBJECTIVE: Credit Suisse Long/Short Liquid ETN is designed to provide investors with the exposure to the Credit Suisse Long/Short Liquid Index (Net). INDEX DESCRIPTION: The Credit Suisse Long/Short Liquid Index (Net) is designed to correlate to the historical performance of the Dow Jones Credit Suisse Long/Short Equity Hedge Fund Index (the Target Index), by tracking the performance of non-hedge fund, transparent market measures. The Index reflects the return of a dynamic basket of liquid, investable and transparent market factors selected and weighted in accordance with an algorithm that aims to track the performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index. The algorithm has been determined by an index Committee taking into consideration extensive quantitative research into systematic ways of achieving certain risk return profiles by using alternative investing techniques. The Index is not a managed hedge fund and does not track the performance of any hedge fund or group of hedge funds. RETURNS AND MATURITY: The return on the Securities may be positive or negative, and is directly linked to the performance of the Index, which is based on a variety of market and economic factors, interest rates in the markets and economic, financial, political, regulatory, judicial or other events that affect the markets generally. At maturity, February 19, 2020, you will receive a cash payment equal to the closing value of your ETNs on the final valuation date. REDEMPTION AND FEES: You may offer the applicable minimum repurchase amount or more of your ETNs to Credit Suisse for repurchase on any business day during the term of the ETNs until February 5, 2020. The minimum repurchase amount will be equal to $2,000,000 stated principal amount of ETNs (100,000 ETNs) on the third business day of each week during the term of the ETNs, and $5,000,000 stated principal amount of ETNs (250,000 ETNs) on any other business day during the term of the ETNs. In either case, the trading day immediately succeeding the date you offered your ETNs for repurchase will be the valuation date applicable to such repurchase. If you elect to offer your ETNs for repurchase, and the requirements for acceptance by Credit Suisse are met, you will receive a cash payment in an amount equal to the daily repurchase value, which is the principal amount of your ETNs to be repurchased times the index factor on the applicable valuation date times the fee factor on the applicable valuation date. Credit Suisse Securities may charge investors an additional fee of up to $0.03 for each ETN that is repurchased at the investor's option. The investor fee is equal to 0.45% per annum accrued on a daily basis. For calculations of fees and any further information on this ETN click on the Link to IPO Prospectus provided.
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Notes: May 17, 2017 -- Credit Suisse has announced it will be closing three of its exchange-traded notes. The Credit Suisse X-Links Long/Short Equity ETN (CSLS) will see its last day of trading on May 25.
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IPO - 2/19/2010 -
Link to IPO Prospectus
Previous Name: Credit Suisse Long/Short Liquid ETN due 2/19/2020
Micro Cap Stock -
Market Value $20.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: Eleven Madison Ave., 3rd Floor, NY, NY 10010 |
| Main Phone Number |
212-325-2000 |
| Fax Number |
212-325-6665 |
| Investor Contact
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888-537-4898
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| Toll Free Phone Number |
888-537-4898 |
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