Following completion of the merger of UBS AG and Credit Suisse AG, Credit Suisse AG’s business was transferred to UBS AG, and Credit Suisse AG ceased to exist. At this time however, the two entities did not operationally merge and, as a result, we continue to have two sets of operational infrastructure and processes during this transitionary period.
Consequently UBS AG is now the sole parent entity and all direct subsidiaries of Credit Suisse AG have become direct subsidiaries of UBS AG, and all branches of Credit Suisse AG have been absorbed into existing or established as new branches of UBS AG (as the case may be). As such, Credit Suisse AG’s branches have been renamed as UBS Branches, with the exceptions of Credit Suisse AG, Taipei Securities Branch and Credit Suisse AG Shanghai Branch.
Click hereAll about the Parent Bank Merger for the latest updates on how we continue to serve clients.
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Electronic communications may be delayed, and information may not be current. Electronic message communications are not guaranteed to be accurate, timely, secure, or error-free. The information provided speaks only as of its date. Credit Suisse has no duty to update the information or otherwise advise you of changes in our opinion or in the research or information the firm makes available to you.
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Conflict of Interest Disclosure. Credit Suisse is a full-service, integrated investment banking, investment management, and brokerage firm. The professionals who prepared this material are partly paid based on the profitability of the firm, which includes earnings from the firm’s trading, capital markets, investment banking, and other businesses. The views of the Credit Suisse’s Trading Desks may differ materially from the views of the Research Departments and other divisions at Credit Suisse. Credit Suisse has a number of policies in place designed to ensure the independence of its Research Departments from its Trading Desks, including policies relating to trading securities prior to distribution of research reports. These policies do not apply to the materials provided by Fixed Income Sales. Credit Suisse may trade as principal or have trading positions in securities or other financial instruments that are the subject of this material Credit Suisse’s Trading Desks may have accumulated, be in the process of accumulating, or accumulate long or short positions in the subject security or related securities on the basis of Fixed Income Sales materials. Trading desks may have, or take, positions inconsistent with materials provided by Fixed Income Sales. The material communicated is intended only to provide observations and views of the firm’s personnel who have prepared the electronic communication and its materials, which may be different from, or inconsistent with the observations and views of Credit Suisse analysts or other Credit Suisse sales and/or trading personnel, or the trading positions of Credit Suisse. Observations and views of the salesperson or trader may change at any time without notice. In addition, Credit Suisse may have served as manager or co manager of a public offering of securities by any such company within the past three years.
Derivatives Transactions. In any instance where distribution of this communication is subject to the rules of U.S. Commodity Futures Trading Commission ("CFTC"), this communication constitutes an invitation to consider entering into a derivatives transaction under U.S. CFTC Regulations §§ 1.71 and 23.605, where applicable, but is not a binding offer to buy and/or sell any financial instrument.
Market Commentary. Market Commentary produced by Credit Suisse trading, sales and analytic strategists is neither Marketing Material nor research. See full disclaimer at: Market Commentary
Marketing Materials. Marketing Materials are not investment research and is intended for Institutional Investors only.
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Information Not for Further Dissemination. Credit Suisse’s pricing and other information provided in any electronic communication is proprietary and/or confidential, and is provided solely for the internal use of the intended recipient(s). You are notified that any unauthorized use, dissemination, distribution, or copying of an electronic communication or its contents, including pricing information, in whole or in part, is strictly prohibited. Further, unless prohibited by local law, any use, review or acceptance of this information is subject to your agreement with Credit Suisse.
Not Advice to Municipality: Except in circumstances where Credit Suisse expressly agrees otherwise in writing, Credit Suisse is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute as advice, including within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Not Tax Advice. Credit Suisse does not render advice on tax and tax accounting matters to clients. Nothing in the materials provided constitutes as investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances. Investors should consult their own legal, tax, investment or other advisors, at the time of any transaction and on an ongoing basis to determine the laws and analyses applicable to their specific circumstances.
Third Party Data. The data contained in an electronic communication may be obtained from a variety of sources and may be subject to change. Credit Suisse and its affiliates disclaim any and all liability for the third party information. Credit Suisse and its affiliates, employees, and officers shall not be held responsible for any loss or liability suffered by you resulting from the firm’s provision of the third party data or your use or reliance in any way on the third party data.
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Other Regulatory Disclosures: Where required by law, pre-trade mid-market mark is the arithmetic mean of bid and offer prices unless otherwise stated; other regulatory disclosures are found at Credit Suisse PLUS.
