Credit Suisse is to repurchase at its option its Credit Suisse X-Links HOLT Market Neutral Global Equity ETNs (CSMN) and Credit Suisse X-Links 2x Leveraged Merger Arbitrage ETNs (CSMB).
The repurchase date for each of CSMN and CSMB is expected to be 6 July, 2015.
Credit Suisse AG expects to deliver an irrevocable call notice with respect to the repurchase of CSMN and CSMB to The Depository Trust Company no later than 30 June, 2015. The trading day immediately following the date of such irrevocable call notice, which is expected to be 1 July, 2015, will be the valuation date applicable to the repurchase of each of CSMN and CSMB, subject to postponement due to certain events. Investors will receive a cash payment per ETN in an amount equal to the closing indicative value of CSMN or closing value of CSMB, as applicable, on the valuation date. The repurchase date for each ETN is expected to be July 6, 2015, three business days after the respective valuation date. Accordingly, the last day of trading for each ETN is expected to be 2 July, 2015.
