Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Credit Suisse AG Announces the Reverse Split of Its TVIX ETNs and the Acceleration for Early Redemption of Its LPAL, IPAL, LCPR and SCPR ETNs

NEW YORK, Dec. 14, 2012 /PRNewswire/ -- Credit Suisse AG announced today that it will implement a 1-for-10 reverse split of its VelocityShares™ Daily 2x VIX Short Term ETNs due December 4, 2030 ("TVIX") effective December 21, 2012.

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

The reverse split will affect the trading denominations of TVIX, but it will not have any effect on the principal amount of the underlying notes, except in the cases of "partial ETNs." On December 14, 2012, the closing indicative value of TVIX was $0.88.

The closing indicative value of TVIX on December 20, 2012 will be multiplied by ten to determine the reverse-split adjusted closing indicative value of TVIX. The reverse split of TVIX will be effective at the open of trading on December 21, 2012 and TVIX will begin trading on the NYSE Arca on a reverse-split adjusted basis on such date. Following the reverse split, TVIX will have a new CUSIP but will retain the same ticker symbol.

Holders of record of a number of units of TVIX that is not evenly divisible by ten on December 26, 2012 will receive one reverse-split adjusted ETN for every ten units of TVIX and a cash payment for any odd number of TVIX units remaining (the "partials"). The cash amount due on any partials will be determined on January 2, 2013, based on the closing indicative value of TVIX on such date and will be paid by Credit Suisse AG on January 3, 2013.

Credit Suisse AG also announced today that it will redeem four ETNs. Credit Suisse AG will accelerate for early redemption its VelocityShares 2x Long Palladium ETNs ("LPAL"), 2x Inverse Palladium ETNs ("IPAL"), 2x Long Copper ETNs ("LCPR") and 2x Inverse Copper ETNs ("SCPR"), in each case on December 31, 2012.

Credit Suisse AG expects to deliver notice via The Depository Trust Company of the acceleration for early redemption of LPAL, IPAL, LCPR and SCPR no later than December 17, 2012. Investors will receive a cash payment per ETN equal to the arithmetic average of the closing indicative values of such ETNs during their respective accelerated valuation periods. The accelerated valuation periods in each case will be a period of five consecutive index business days, which is expected to be from December 19, 2012 to December 26, 2012. The acceleration date for each ETN is expected to be three business days after the last day of the respective valuation period, December 31, 2012.

None of the other ETNs offered by Credit Suisse AG are affected by these announcements.

Reverse Split

Ticker Symbol

CUSIP

VelocityShares™ Daily 2x VIX Short Term ETNs due December 4, 2030

TVIX

22542D761







Acceleration for Early Redemption

Ticker Symbol

CUSIP

VelocityShares 2x Long Palladium ETN due October 14, 2031

LPAL

22542D621

VelocityShares 2x Inverse Palladium ETN due October 14, 2031

IPAL

22542D613

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

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
One look at the comments section of an April column on digital marketing in TechCrunch, and it becomes obvious that contributor Samuel Scott, the marketing and communications director for data analytics software firm Logz.io, pushed a few hot buttons with his take on marketing tech. S...
The current version of Angular is Release Candidate 1. This version changed the way how the framework is distributed – it comes as a set of scoped npm packages now. Any imports of the Angular classes will be done from @angular instead of angular2, for example: import {bootstrap} from ...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for ...
Are you evaluating a software asset for a potential purchase, investment, decision making for the future, possible termination, etc? Here are some questions to consider. Is this a revenue generating asset? How much revenue does it generate? - Establishing the true business value of a...
If the cloud was once (ever) bleeding edge, now the cloud is sheer necessity for anyone doing anything on the Internet. It has changed the way we architect applications, build IT budgets, grow userbases, even write individual lines of code. As the Internet continues to lambdify, cloud ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE