Credit Suisse AG Announces the Implementation of Its Right to Call Credit Suisse X-Links® Multi-Asset, ETN High Income | Country | Instant News

NEW YORK, May 21, 2020 / PRNewswire / – Credit Suisse AG (“Credit Suisse”) announced today that it has exercised its right to call Credit Suisse X-Links® Multi-Asset High Income ETN (“MLTI” or “ETN”).

As explained in the related price supplement for MLTI (“Pricing”), Credit Suisse, as an ETN issuer, can, at its choice, call all MLTI units that are issued and in circulation. Credit Suisse has exercised this right by sending notice of a call through the Depository Trust Company on May 21, 2020. Expected date of completion of the call June 12, 2020.

On the call settlement date specified above, MLTI investors will receive cash payments per ETN in the same amount as the call settlement amount. The number of completed calls will be calculated on the call assessment date June 9, 2020 in accordance with the provisions of ETN as stated in the Additional Price. The call settlement amount will include the MLTI coupon amount, if any, in connection with the scheduled coupon valuation date May 29, 2020.

Starting today, Credit Suisse will no longer issue new MLTI units.

Credit Suisse expects that NYSE Arca will allow MLTI to continue trading until June 11, 2020. Investors who buy MLTI at any time greater than the call settlement amount (including paying any premium to the call settlement amount, after this amount is determined) will suffer a loss on their investment. Furthermore, investors who sell MLTI at any time less than the call settlement amount (including selling at any discount to the call settlement amount, after this amount is determined) will incur losses. In both cases, the loss can be significant. Investors will not receive compensation or any other amount for lost investment opportunities holding MLTI and investors may not be able to invest in other securities with the same level of risk and / or which provide investment opportunities similar to MLTI.

No other ETN offered by Credit Suisse was affected by this announcement. All dates referred to above may change, including delays due to certain events.

ETN Title

Ticker symbol


Credit Suisse X-Links® Multi-Asset High Income ETN



Press Contact
Karina Byrne, Credit Suisse AG, call +1 212 538 8361, [email protected]
Credit Suisse ETNs
Phone +1 800 320 1225, [email protected]

Credit Suisse AG
Credit Suisse AG is one of the world’s leading providers of financial services and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, specialist investment banking capabilities and a strong presence in our home market Switzerland. We strive to follow a balanced approach to wealth management, which aims to capitalize on the large pool of wealth in mature markets as well as significant growth in wealth at Asia Pacific and other emerging markets, while also serving major developed markets with an emphasis on Switzerland. Credit Suisse employs around 48,500 people. Registered shares (CSGN) from Credit Suisse AG’s parent company, Credit Suisse Group AG, are registered at Switzerland and, in the form of American Depositary Shares (CS), at New York. More information about Credit Suisse can be found at


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