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Credit Suisse Announces Expected May Coupon Payments On Its Gold Shares Covered Call ETN (ticker Symbol "GLDI") And Its Silver Shares Covered Call ETN (ticker Symbol "SLVO")

NEW YORK, April 15, 2014 /PRNewswire/ --  On April 11, 2014, the Credit Suisse NASDAQ Gold FLOWS 103 Index and the Credit Suisse NASDAQ Silver FLOWS 106 Index (the "Indices") concluded the notional sale of options on GLD shares and SLV shares with May expiration.  We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on May 12, 2014, subject to adjustment in the event of any market disruption events. 
Credit Suisse logo.

Assuming no redemption or acceleration of the ETNs and that the notional cash distribution is withdrawn from the Indices on May 12, 2014, we expect to declare a coupon of $0.0939 per ETN on the GLDI ETNs and a coupon of $0.1328 per ETN on the SLVO ETNs for payment on or around May 27, 2014, payable to the holder of record on May 21, 2014. The expected coupon payment may be subject to change upon the occurrence of a disruption event or other unforeseen circumstances. The expected coupon payments represent an indicative yield of approximately 7.89% per annum on the GLDI ETN and an indicative yield of approximately 10.24% per annum on the SLVO ETN.  The "indicative yield" equals the expected coupon payment annualized and divided by the closing indicative value of the applicable ETN on April 11, 2014.

The ETNs may not be suitable for all investors and should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs. The ETNs are subject to the credit risk of Credit Suisse AG. You may receive less, and possibly significantly less, than the principal amount of your investment at maturity or upon repurchase or sale. The ETNs are not linked to, and investors have no rights to any physical commodity. Monthly coupon payments on the ETNs will vary and could be zero. Variable monthly coupons are generated from selling covered calls, which limits upside participation.  There is no actual portfolio of assets in which any investor in the ETNs has any ownership or other interest.  An investment in the ETNs involves significant risks. For further information regarding risks, please see the section entitled "Risk Factors" in the applicable pricing supplement.

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