Credit Suisse to price accelerated barrier notes linked to energy ETFs

By Angela McDaniels

Tacoma, Wash., Feb. 12 – Credit Suisse AG plans to price 0% accelerated barrier notes due Feb. 23, 2018 linked to the United States Oil Fund, LP and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of the least-performing ETF is greater than or equal to its initial share price, the payout at maturity will be par plus 175% to 180% of the return of that ETF. The exact upside participation rate will be set at pricing.

If the least-performing ETF finishes below its initial share price and a knock-in event does not occur, the payout will be par. A knock-in event occurs if either ETF finishes at or below its knock-in share price, 60% of its initial share price.

If the least-performing ETF finishes below its initial share price and a knock-in event occurs, investors will be fully exposed to the decline of the least-performing ETF.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price Feb. 20 and settle Feb. 25.

The Cusip number is 22546V5E2.

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