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Credit Suisse Merger Arbitrage Liquid Index (Net) ETN due on 10/6/2020
Ticker Symbol: CSMA* CUSIP: 22542D845 Exchange: NYSEA
* NOTE: This security is no longer trading as of 6/09/2016
Company's Online Profile
BUSINESS: Credit Suisse Merger Arbitrage Liquid Index (Net) Exchange Traded Notes (ETN) due on October 6. 2020 are senior, unsecured debt securities, medium-term notes, issued by Credit Suisse AG, acting through its Nassau Branch. INVESTMENT OBJECTIVE: The Credit Suisse Merger Arbitrage Liquid Index (Net) ETN is designed to provide investors with exposure to a merger arbitrage strategy by tracking the Credit Suisse Merger Arbitrage Liquid Index. INDEX DESCRIPTION: The Credit Suisse Merger Arbitrage Liquid Index uses a quantitative methodology to track a dynamic basket of securities held as long or short positions (the index components) and cash weighted in accordance with certain rules to include publicly announced merger and acquisition transactions that meet certain qualifying conditions. It is designed to capture the spread, if any, between the price at which the stock of a target company trades after a proposed acquisition of such target company is announced and the price that the acquiring company has proposed to pay for the stock of such target company. The spread between these two prices typically exists due to the uncertainty that the announced merger or acquisition will close and, if it closes, that such merger or acquisition will be at the initially proposed economic terms. 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, October 6. 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 September 24, 2020. The minimum repurchase amount will be equal to $1,000,000 stated principal amount of ETNs (50,000 ETNs). The trading day immediately succeeding the date you offer 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 closing value of the ETNs 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 0.55% 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: June 7, 2016 -- ETN will be redeemed on June 9, 2016.
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IPO - 10/1/2010 -
Link to IPO Prospectus
Small Cap Stock -
Market Value $115.0 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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