FORIMMEDIATERELEASE VelocitySharesLaunchesSuiteofEightFirsttoMarketPreciousMetalsRelatedETNsincluding3x LeveragedLongandInverseGoldandSilverand2XLeveragedLongandInversePlatinumandPalladium ETNs. Darien,CT(October17,2011) VelocitySharesLLC,creatorofexchangetradedproductsforprofessional traders,announcesthelaunchofeightfirsttomarketleveragedandinversepreciousmetalsrelated ExchangeTradedNotes(ETNs)ontheNYSEArcastockexchange.ThenewVelocitySharesETNs representthefirstsuiteof3xand2xleveragedlongandinversepreciousmetalsexchangetraded instrumentstobelistedintheUS.ThenewETNsareinaresponsetodemandforinstrumentsto manageriskandexpresstacticalviewsinthepreciousmetalsmarket.TheETNsprovideinstitutional tradersameansofmanagingtheirpreciousmetalsexposuresandexpressingmarketviews. Preciousmetalstradingvolumeshavebeenontherise,andinstitutionaltradersarelookingfor alternativewaystoimplementtheirpositions.

s. saidNickCherney,CofounderandChiefInvestment OfficerofVelocityShares.Thislaunchfurtheremphasizesourcommitmenttodevelopingthe sophisticatedexchangetradedproductsneededbyprofessionaltradingcommunity. CreditSuisseAGistheissueroftheETNsandVLSSecuritiesLLC,awhollyownedsubsidiaryof VelocitySharesLLC,ismarketingtheETNs. ExchangeTradedNote VelocityShares 3x Long Gold ETN VelocityShares 3x Inverse Gold ETN VelocityShares 3x Long Silver ETN VelocityShares 3x Inverse Silver VelocityShares 2x Long Palladium ETN VelocityShares 2x Inverse Palladium ETN VelocityShares 2x Long Platinum ETN VelocityShares 2x Inverse Platinum ETN Ticker UGLD DGLD USLV DLSV LPAL IPAL LPLT IPLT

TheUGLDandDGLDETNsallowtraderstomanagegoldexposuresusinga3xleveragedlongandinverse positionslinkedtotheS&PGSCIGoldIndexER,andtheUSLVandDSLVETNsallowtraderstomanage silverexposuresusinga3xleveragedlongandinversepositionslinkedtotheS&PGSCISilverIndexER. TheLPALandIPALETNsallowtraderstomanagepalladiumexposuresusing2xleveragedlongand inversepositionslinkedtotheS&PGSCIPalladiumIndexER,andtheLPLTandIPLTallowtradersto manageplatinumexposuresusing2xleveragedlongandinversepositionslinkedtotheS&PGSCI PlatinumIndexER.TheindicesarepublishedbyStandard&PoorsFinancialServicesLLC,asubsidiaryof theMcGrawHillCompanies,Inc. TheETNsareintendedtobedailytradingtoolsforsophisticatedinvestorstomanagedailytrading risks.Theyaredesignedtoachievetheirstatedinvestmentobjectivesonadailybasis,buttheir performanceoverdifferentperiodsoftimecandiffersignificantlyfromtheirstateddailyobjectives.

TheETNsareriskierthansecuritiesthathaveintermediateorlongterminvestmentobjectives,and maynotbesuitableforinvestorswhoplantoholdthemforaperiodotherthanoneday.Accordingly, theETNsshouldbepurchasedonlybyknowledgeableinvestorswhounderstandthepotential consequencesofinvestingintheapplicableIndex(asdefinedbelow)andofseekingdaily compoundingleveragedlongorleveragedinverseinvestmentresults,asapplicable.Investorsshould activelyandfrequentlymonitortheirinvestmentsintheETNs,evenintraday.Althoughweintendto listtheETNsonNYSEArca,atradingmarketfortheETNsmaynotdevelop. CreditSuisseAGhasfiledaregistrationstatement(includingaprospectus)withtheSECfortheofferings towhichthiscommunicationrelates.Beforeyouinvest,youshouldreadtheprospectusandother documentsCreditSuisseAGhasfiledwiththeSECformorecompleteinformationabouttheissuerand theofferings.YoumaygetthesedocumentsforfreebyvisitingEDGARontheSECwebsiteat www.sec.gov.Alternatively,CreditSuisseAG(18002211037),VLSSecuritiesLLC,oranyagentor dealerparticipatingintheofferingswillarrangetosendyoutheprospectusandotherapplicable documentsifyourequestit. AninvestmentinVelocitySharesETNsinvolvesrisks,includingpossiblelossofprincipal.Foradescription ofthemainriskssee RiskFactors intheapplicableprospectus. TheETNs(the Securities )areseniorunsecuredsecuritiesissuedbyCreditSuisseAGthroughitsNassau branch.TheSecuritiesareriskierthanordinaryunsecureddebtsecuritiesandhavenoprincipal protection.AnypaymentontheSecuritiesissubjecttotheabilityofCreditSuisseAGtosatisfyits obligationsastheybecomedue.ThereturnontheSecuritiesislinkedtotheperformanceofamarket index.InvestingintheSecuritiesisnotequivalenttoinvestingdirectlyinindexcomponentsorthe relevantindexitself.BecausetheETNsarelinkedtothedailyperformanceoftheapplicableunderlying Indexandincludeeitherinverseorleveragedexposure,changesinthemarketpriceoftheunderlying futureswillhaveagreaterlikelihoodofcausingsuchETNstobeworthzerothanifsuchETNswerenot linkedtotheinverseorleveragedreturnoftheapplicableunderlyingIndex.TheETNsinclude restrictionsontheminimumnumberofETNsthatcanberedeemed,thedatestheycanberedeemed, anearlyredemptioncharge,donotguaranteeanyreturnofprincipalatmaturityanddonotpayany interestduringtheirterm. ThemarketvalueoftheSecuritiesmaybeinfluencedbymanyunpredictablefactors.Risksinclude limitedportfoliodiversification,uncertainprincipalrepayment,andilliquidity.Also,theinvestorfeewill reducetheamountofyourreturnatmaturityoronredemption,andasaresultyoumayreceiveless thantheprincipalamountofyourinvestmentatmaturityoruponredemptionofyourSecuritiesevenif thevalueoftherelevantindexhasincreased. BrokeragecommissionswillapplytopurchasesandsalesoftheSecuritiesinthesecondarymarket.The sale,redemptionormaturityoftheSecuritieswillgeneratetaxconsequences.Thetradingpricesofthe Securitieswillreflectchangesintheirintrinsicvalueaswellasmarketsupplyanddemand,amongother factors.ThetradingpricesoftheSecuritiesmayalsobeinfluencedbychangesinthecreditratingof CreditSuisseAG.

AboutVelocityShares VelocitySharescreatesexchangetradedproducts(ETPs)developedspecificallytoenablesophisticated traderstomanagetheirmarketviews,risks,anddesiredexposures.Theteamhassignificantexperience onboththebuysideandsellsideofthefinancialmarkets,andencompassesabroadrangeoffinancial servicesincluding,ETNs,ETFs,equities,commodities,fixedincome,andindexcreationand management. ForadditionalinformationaboutVelocitySharespleasesee:www.velocityshares.com.Information containedintheVelocityShareswebsiteisnotincorporatedbyreferencein,andshouldnotbe consideredapartof,thisfreewritingprospectusoranypricingsupplementofCreditSuisseAG,andto theextentanyofsuchinformationhasnotbeenfiledbyCreditSuisseAG,CreditSuisseAGhasnot participatedinthepreparationof,orverified,suchpubliclyavailableinformation. Standard&Poor's S&P S&PGSCI , , ,and S&PGSCICommodityIndex aretrademarksofStandard& Poor'sFinancialServicesLLC( S&P )andhavebeenlicensedforusebyCreditSuisseAG,VelocityShares LLC,andVLSSecuritiesLLC.TheETNsarenotsponsored,endorsed,soldorpromotedbyS&PandS&P makesnorepresentationregardingtheadvisabilityofinvestingintheETNs.TheS&PGSCIindexandthe S&PGSCIsubindicesarenotowned,endorsed,orapprovedbyorassociatedwithGoldmanSachs&Co. oritsaffiliatedcompanies. 2011VelocitySharesLLC.Allrightsreserved.VelocityShares,VelocitySharesETNsandthe VelocityShareslogoareservicemarksofVelocityShares.Allothertrademarks,servicemarksor registeredtrademarksarethepropertyoftheirrespectiveowners. ###