New Issue: Credit Suisse sells $1.33 million Bares linked to oil and gas ETF

By Wendy Van Sickle

Columbus, Ohio, July 18 – Credit Suisse AG, London Branch priced $1.33 million of 0% buffered accelerated return equity securities due July 18, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF gain, subject to a maximum return of 34%. Investors will receive par if the ETF falls by up to 10% and lose 1% for every 1% decline in the ETF beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered accelerated return equity securities
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production
Amount:	$1,325,000
Maturity:	July 18, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF return is positive, par plus 150% of the ETF return, subject to a maximum return of 34%; par if the ETF falls by up to 10%; 1% loss for every 1% decline in the ETF beyond 10%
Initial price:	$31.64
Buffer level:	$28.476, 90% of initial price
Pricing date:	July 13
Settlement date:	July 18
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.75%
Cusip:	22550BCD3

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