The FINANCIAL –New York — Credit Suisse declared $0.1269 per ETN monthly Coupon Payment for the Gold Shares Covered Call ETN (the "GLDI ETN") and declared $0.2189 per ETN monthly Coupon Payment for the Silver Shares Covered Call ETN (the "SLVO ETN"), according to CREDIT SUISSE GROUP AG.
The respective Coupon Payments are payable on November 25, 2013 to holders of record on November 20, 2013. The ex-dividend date is November 18, 2013.
The Coupon Payments represent a current yield of approximately 10.23% per annum on the GLDI ETN and a current yield of approximately 15.21% per annum on the SLVO ETN. The "current yield" equals the current monthly Coupon Payment annualized and divided by the Closing Indicative Value of the applicable ETN on November 8, 2013.
The current yield is not indicative of future monthly Coupon Payments, if any, on the ETNs. The monthly Coupon Payments (if any) are variable and dependent on the premium generated by the notional sale of options on the GLD shares or the SLV shares, as applicable, and such payments do not represent fixed periodic interest payments.
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. 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, according to CREDIT SUISSE GROUP AG.
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