New Issue: Credit Suisse sells $500,000 0% barrier notes on United States Oil Fund

By Devika Patel

Knoxville, Tenn., Sept. 27 – Credit Suisse AG, London Branch, priced $500,000 of 0% barrier notes due Sept. 28, 2021 linked to the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, up an underlying cap of 53%.

Investors will receive par if the fund falls by up to 50% and will lose 1% for each 1% decline from the initial level if the fund finishes below the 50% knock-in level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Barrier notes
Underlying fund: United States Oil Fund LP
Amount:	$500,000
Maturity:	Sept. 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, up an underlying cap of 53%; par if fund falls by up to 50%; otherwise, 1% loss for each 1% decline from the initial level
Initial level:	$10.43
Knock-in level:	$5.215, 50% of initial level
Pricing date:	Sept. 26
Settlement date:	Sept. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	4.075%
Cusip:	22548QJH9

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