New Issue: Credit Suisse prices $3.93 million Accelerated Return Securities on indexes, ETF

By Marisa Wong

Madison, Wis., Sept. 19 – Credit Suisse AG, London Branch priced $3.93 million of 0% Accelerated Return Securities due March 22, 2018 linked to equal weights of the MSCI Taiwan index, the Hang Seng China Enterprises index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is zero or positive, the payout at maturity will be par plus 127% of the return.

Investors will receive par if the basket falls by up to 25% and will be fully exposed to losses from the initial level if the basket drops below the 75% trigger level.

Barclays is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Securities
Underlying basket:	MSCI Taiwan index, Hang Seng China Enterprises index and iShares MSCI Emerging Markets ETF; equally weighted
Amount:	$3,928,000
Maturity:	March 22, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 127% of any basket gain; par if basket falls by up to 25%; full exposure to losses from initial level if basket drops below 75% trigger level
Initial levels:	336.00 for MSCI Taiwan, 10,893.01 for Hang Seng, $43.73 for ETF
Pricing date:	Sept. 17
Settlement date:	Sept. 22
Agent:	Barclays (placement)
Fees:	2.75%
Cusip:	22547QTK2

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