Form 6-K CREDIT SUISSE AG For: Feb 06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2018

Commission File Number 001-33434

CREDIT SUISSE AG

 

(Translation of Registrant’s Name Into English)

Paradeplatz 8, CH-8001 Zurich, Switzerland

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F   x   Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

 

Explanatory note

 

This report on Form 6-K contains the exhibit set forth below. This report on Form 6-K and such exhibit are hereby incorporated by reference into Registration Statement No. 333-202913 of Credit Suisse AG.

 

Exhibit 99.1: Press release of Credit Suisse AG dated February 6, 2018

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. 

	CREDIT SUISSE AG
Date: February 6, 2018	By:	/s/ Elaine Sam
		Name:	Elaine Sam
		Title:	Authorized Officer
	By:	/s/ Praju Doshi
		Name:	Praju Doshi
		Title:	Authorized Officer

 

Exhibit 99.1

 

	CREDIT SUISSE AG
	Eleven Madison Avenue  New York, NY 10010  USA	Telephone   +1 212 325 5200  Fax    +1 212 325 6665

 

Media Release

 

 

Credit Suisse AG Announces the Event Acceleration of its XIV ETNs

 

New York February 6, 2018 Credit Suisse AG (“Credit Suisse”) announced today the event acceleration of its Velocity Shares™ Daily Inverse VIX Short Term ETNs (“XIV”) due to an acceleration event. The acceleration date is expected to be February 21, 2018.

 

Because the intraday indicative value of XIV on February 5, 2018 was equal to or less than twenty percent of the prior day’s closing indicative value, an acceleration event has occurred. Credit Suisse expects to deliver an irrevocable call notice with respect to the event acceleration of XIV to The Depository Trust Company no later than February 15, 2018. The date of the delivery of the irrevocable call notice, which is expected to be February 15, 2018, will constitute the accelerated valuation date, subject to postponement due to certain events. The acceleration date for XIV is expected to be February 21, 2018, which is three business days after the accelerated valuation date. On the acceleration date, investors will receive a cash payment per ETN in an amount equal to the closing indicative value of XIV on the accelerated valuation date. The last day of trading for XIV is expected to be February 20, 2018. As of the date hereof, Credit Suisse will no longer issue new units of XIV ETNs.

 

On February 2, 2018, the closing indicative value was $108.3681. None of the other ETNs offered by Credit Suisse are affected by this announcement.

 

Title of ETN	ETN Ticker Symbol	ETN CUSIP
Velocity Shares™ Daily Inverse VIX Short Term ETNs due December 4, 2030	XIV	22542D795

 

Press Contacts

Nicole Sharp, Credit Suisse AG, telephone +1 212 325 8708, [email protected]

Azar Boehm, Credit Suisse AG, telephone +1 212 538 3953, [email protected]

 

Credit Suisse ETNs

Telephone +1 800 320 1225, [email protected]

 

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,720 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

 

 

 

 

 

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