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CREDIT SUISSE AG — Capital/Financing Update 2015
Jun 29, 2015
35611_prs_2015-06-29_d48c0789-baa8-45ed-877a-3a52ae683b22.zip
Capital/Financing Update
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Filed pursuant to Rule 424(b)(2)
Registration Statement Nos. 333-202913 and 333-180300-03
June 26, 2015
Pricing Supplement Addendum No. 992 dated June 26, 2015
To the Pricing Supplement No. VLS ETN-3/A21 dated May 4, 2015,
Prospectus Supplement dated May 4, 2015 and
Prospectus dated May 4, 2015
VelocityShares™ 3x Long Crude Oil ETN Linked to the S&P GSCI ® Crude Oil Index ER due February 9, 2032 ("ETNs")
| Issuer: | Credit Suisse AG, acting through its Nassau Branch |
|---|---|
| CUSIP/ISIN: | 22542D589/US22542D5894 |
| NYSE Arca Ticker Symbol: | UWTI |
| Aggregate Offering Price of ETNs: | $49,803,000.00 |
| Public Offering Price per ETN: | $3.3202 |
| Principal Amount of ETNs: | $750,000,000 |
| Principal Amount per ETN: | $50 |
| Trade Date: | June 26, 2015 |
| Settlement Date: | July 1, 2015 |
| Agent: | Credit Suisse Securities (USA) LLC ("CSSU"), an affiliate of the Issuer |
| Proceeds to Issuer: | 100.00% of the Aggregate Offering Price |
| Agent's Discount and Commission: | 0.00%. However, CSSU is expected to charge normal commissions for the purchase of the ETNs and may receive all or a portion of the investor fee. In addition, CSSU may charge investors a redemption charge of up to 0.05% of the stated principal amount of any ETN that is redeemed at the investor's option. For a further description of the fees and commissions payable pertaining to the ETNs please see the section entitled "Supplemental Plan of Distribution (Conflicts of Interest)" in the accompanying pricing supplement. |
You may lose some or all of your principal if you invest in the ETNs. See "Risk Factors" beginning on page PS-18 of the accompanying pricing supplement for risks relating to an investment in the ETNs.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined that this pricing supplement addendum, or the accompanying pricing supplement, prospectus supplement and prospectus, is truthful or complete. Any representation to the contrary is a criminal offense. The ETNs are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction.
Credit Suisse