Credit Suisse Announces Delisting of Three ELEMENTS[R] ETNs.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Credit Suisse announced today the withdrawal of three of its ELEMENTS([R]) exchange traded notes Introduction Structured product is a kind of synthetic investment instrument specially created to meet specific needs that cannot be met from the standardized financial instruments available in the markets. (ETNs) (the "Securities") from listing on NYSE Arca due to expected trading volumes insufficient to support an exchange-traded market. The effective date of the withdrawal, at which point the Securities will no longer be listed on a national securities exchange or quoted on any quotation medium, is expected to be on or about April 3, 2009. The Securities may trade, if at all, on an over-the-counter basis. As a result of the delisting, intraday indicative values for the Securities will no longer be published. However, it is expected that the daily closing indicative value of each Security will continue to be published on www.ELEMENTSetn.com. Credit Suisse Securities (USA) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("CSSU CSSU combat service support unit (US DoD) "), an affiliate of Credit Suisse, the issuer of the Securities, expects to bid for Securities offered for sale to it by holders of the Securities. However, CSSU is not required to do so and may cease making bids at any time. CSSU's bid prices for each Security will be posted via the Security's corresponding CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. (listed below) on Bloomberg. A Security's bid price may vary from its published indicative value, which is based on the Security's underlying market measure. Credit Suisse does not expect to issue any additional units of the Securities to be delisted. As a result, the maximum amount of Securities outstanding at any given time is not expected to exceed the amount of Securities outstanding as of the date hereof. If Credit Suisse does decide to issue additional units of any of the Securities, it is expected that CSSU will act as underwriter for those issuances. The three Securities included in the delisting, along with the corresponding CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. , are: [TABLE OMITTED] At this time, Credit Suisse has no intention to delist its ELEMENTS ETN ETN Eaton Corporation (stock symbol) ETN Exchange Traded Note (investing) ETN European Travel Network ETN Electronic Tandem Network ETN Educational Telephone Network linked to the Credit Suisse Global Warming Index Investment bank UBS is trying to change weather investing by launching the first Global Warming Index (GWI), which provides a simple way to take a view on a wide range of weather variables. , Exchange Series due April 10, 2023 (CUSIP No. 22542D407) (the "GWO GWO Good Working Order GWO Google Website Optimizer GWO Ginninderra Wind Orchestra (Canberra, Australia) GWO General Watch Officer GWO Gravel Watch Ontario GWO Gateway Wrestling Organization ETNs"), which currently trade on NYSE Arca under the symbol "GWO". However, there is no assurance that the GWO ETNs will continue to be listed on NYSE Arca or another securities exchange. In addition, from time to time Credit Suisse may decide, at its sole discretion, to issue additional units of the GWO ETNs. It is expected that CSSU will act as underwriter for any such additional issuances. Information Investors with questions about the status of the ETNs, secondary market trading or any other issues can contact Credit Suisse at 1-888-537-4898 or call 1 877 ETN ADVICE (1 877 386 2384). Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 49,000 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. The registered shares (CSGN CSGN Cyber Sports Gaming Network (UK) CSGN coordinating subgroup for narcotics (US DoD) CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) ) 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. Investment Banking In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 30 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services. |
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