New Issue: Credit Suisse sells $1 million accelerated notes on regional banking fund

By Sarah Lizee

Olympia, Wash., June 13 – Credit Suisse AG, London Branch priced $1 million of 0% Accelerated Return Equity Securities due Dec. 18, 2019 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the fund, subject to a maximum return of 20%. Investors will lose 1% for each 1% decline in the fund from its initial level.

Credit Suisse Securities (USA) LLC is the underwriter.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying ETF:	SPDR S&P Regional Banking ETF
Amount:	$1 million
Maturity:	Dec. 18, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any gain in the fund, subject to a maximum return of 20%; 1% loss for each 1% decline in the fund from its initial level
Initial price:	$64.95
Pricing date:	June 11
Settlement date:	June 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22550WXG7

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