Credit Suisse to close CSMA

Credit Suisse AG announced that it will repurchase at its option its Credit Suisse X-Links Merger Arbitrage ETNs (CSMA), as the outstanding principal amount of ETNs is $10,000,000 or less. The repurchase date is expected to be June 13, 2016.

Credit Suisse AG expects to deliver an irrevocable call notice with respect to the repurchase of CSMA to The Depository Trust Company no later than June 7, 2016. The trading day immediately following the date of such irrevocable call notice, which is expected to be June 8, 2016, will be the valuation date applicable to the repurchase of CSMA, subject to postponement due to certain events. Investors will receive a cash payment per ETN in an amount equal to the closing value of CSMA on the valuation date.

The repurchase date for the ETNs is expected to be June 13, 2016, which is three business days after the valuation date. Accordingly, the last day of trading for the ETNs is expected to be June 10, 2016.

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