New Issue: Credit Suisse prices $744,000 ARES on iShares China Large-Cap ETF

By Marisa Wong

Morgantown, W.Va., Feb. 27 – Credit Suisse AG, London Branch priced $744,000 of 0% Accelerated Return Equity Securities due March 26, 2018 tied to the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, capped at 22%. Investors will be fully exposed to any fund decline.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying ETF:	iShares China Large-Cap exchange-traded fund
Amount:	$744,000
Maturity:	March 26, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 200% of the fund return, capped at 22%; full exposure to losses
Initial fund level:	$38.46
Pricing date:	Feb. 17
Settlement date:	Feb. 27
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	2.2%
Cusip:	22548QVF9

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