New Issue: Credit Suisse sells $685,000 autocallable securities on oil and gas ETF

By Devika Patel

Knoxville, Tenn., Oct. 26 – Credit Suisse AG, London Branch, priced $685,000 of 0% autocallable securities due Oct. 28, 2020 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 14% a year if the fund closes at or above its initial level on Oct. 23, 2017, Oct. 22, 2018 or Oct. 21, 2019.

If the fund return is positive, the payout at maturity will be par plus 56%. If the fund falls but remains above the 70% knock-in level, the payout will be par plus 10%. Otherwise, investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Autocallable securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production
Amount:	$685,000
Maturity:	Oct. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the fund return is positive, par plus 56%; if the fund falls but remains above the knock-in level, par plus 10%; otherwise, investors will lose 1% for each 1% decline
Call:	At par plus 14% per year if index closes at or above its initial level on Oct. 23, 2017, Oct. 22, 2018 or Oct. 21, 2019
Initial price:	$37.92
Knock-in level:	$26.544, 70% of initial level
Pricing date:	Oct. 21
Settlement date:	Oct. 28
Agents:	Credit Suisse Securities (USA) LLC
Fees:	2.6%
Cusip:	22548QLB9

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