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.

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Credit Suisse Finance (India) Private Limited

Please follow below link for the valuation done by the third party Valuation Agency of the Structured Notes issued by the Credit Suisse Finance (India) Private Limited.

Valuation Agency < CRISIL Limited >

Disclaimer on Valuation

The Valuation reflects the independent views of the Valuation Agent which is appointed by the Issuer in accordance with the Guidelines for Issue and Listing of Structured Products/ Market Linked Debentures dated September 28, 2011 issued by the Securities and Exchange Board of India, as may be amended from time to time. It is expressly stated that the valuation is not the view of the Issuer or its affiliates.

The Issuer has not reviewed the Valuation and is not responsible for the accuracy of the Valuations and shall not be liable for any cost, loss or damage incurred arising from or in connection with reliance on the Valuations. The Valuations provided by the Valuation Agent, and made available on the website of the Issuer and the Valuation Agent do not represent the actual price that may be received upon sale or redemption of the Debentures.

They merely represent the Valuation Agent's computation of the valuation which may in turn be based on several assumptions. The Valuations provided by the Valuation Agent may include the use of models by the Valuation Agent (that may be different from the proprietary models used by the Issuer and / or the calculation agent) and consequently, valuations provided by other parties (including the Issuer and / or the calculation agent) may be significantly different.