Credit Suisse AG Announces that the Acceleration Date for the Early Redemption of its LCPR and SCPR ETNs is Expected to be January 2, 2013

Thu Dec 20, 2012 5:30pm EST

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NEW YORK,  Dec. 20, 2012  /PRNewswire/ -- Credit Suisse AG announced today that
the acceleration date for the early redemption of its 2x Long Copper ETNs
("LCPR") and 2x Inverse Copper ETNs ("SCPR") is expected to be  January 2, 2013.

(Logo:  http://photos.prnewswire.com/prnh/20091204/CSLOGO  )

Because the London Metal Exchange will be closed on  December 26, 2012  due to
the  Boxing Day  public holiday in the  United Kingdom, the final index business
day of the accelerated valuation period for LCPR and SCPR is expected to be 
December 27, 2012, and the acceleration date for the early redemption of LCPR
and SCPR, which will be three business days after the last day of their
respective valuation periods, is expected to be  January 2, 2013. Credit Suisse
announced on  December 14, 2012  that it was redeeming four ETNs, including LCPR
and SCPR.

None of the other ETNs offered by Credit Suisse AG are affected by this
announcement.

 ETNs                                                        Ticker Symbol  CUSIP      
 VelocityShares  2x Long Copper ETN due February 9, 2032     LCPR           22542D563  
 VelocityShares  2x Inverse Copper ETN due February 9, 2032  SCPR           22542D522  


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 is able to offer clients its
expertise in the areas of private banking, investment banking and asset
management from a single source. Credit Suisse provides specialist advisory
services, comprehensive solutions and innovative products to companies,
institutional clients and high net worth private clients worldwide, and also to
retail clients in  Switzerland. Credit Suisse is headquartered in  Zurich  and
operates in over 50 countries worldwide. The group employs approximately 48,400
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.  

SOURCE  Credit Suisse AG


Jack Grone, Credit Suisse, +1-212-325-2590, jack.grone@credit-suisse.com
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