New Issue: Credit Suisse sells $510,000 CS notes due 2021 linked to Energy Select fund

By Sarah Lizee

Olympia, Wash., Dec. 24 – Credit Suisse AG, London Branch priced $510,000 of 0% CS notes due Dec. 17, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund ever closes above the 141.65% barrier level during the life of the notes, the payout at maturity will be $1,060 for every $1,000 of notes.

Otherwise, the payout will be the greater of par and any gain in the fund.

Incapital LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	CS notes
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$510,000
Maturity:	Dec. 17, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If fund ever closes above 141.65% barrier level, par plus 6%; otherwise, greater of par and any gain in the fund
Initial price:	$62.09
Barrier level:	$87.950485, 141.65% of initial level
Pricing date:	Dec. 14
Settlement date:	Dec. 19
Agent:	Incapital LLC
Fees:	4.8%
Cusip:	22551LQ37

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