New Issue: Credit Suisse prices $635,000 accelerated barrier notes linked to oil, energy funds

By Susanna Moon

Chicago, May 13 – Credit Suisse AG, London Branch priced $635,000 of 0% accelerated barrier notes due Nov. 13, 2017 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 each fund finishes at or above its initial level, the payout at maturity will be par plus 147% of the return of the worst performing fund.

If each fund falls by up to the 70% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing fund.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying funds:	United States Oil Fund, LP and the Energy Select Sector SPDR Fund
Amount:	$635,000
Maturity:	Nov. 13, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If each fund gains, par plus 147% of return of worst performing fund; if each fund falls by up to knock-in level, par; otherwise, full exposure to any losses of worst performing fund
Initial levels:	$20.42 for oil fund, $81.76 for energy fund
Knock-in levels:	$12.252 for oil fund, $49.056 for energy fund; 70% of initial levels
Pricing date:	May 8
Settlement date:	May 13
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.55%
Cusip:	22546VD86

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