New Issue: Credit Suisse sells $1.02 million digital barrier notes on oil, gold ETFs

By Sarah Lizee

Olympia, Wash., Oct. 26 – Credit Suisse AG, London Branch priced $1.02 million of 0% digital barrier notes due May 1, 2020 linked to the lowest performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus a fixed payment of 21.15% unless either underlying finishes below its knock in level, 75% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing underlying from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying ETFs:	SPDR S&P Oil & Gas Exploration & Production ETF and VanEck Vectors Gold Miners ETF
Amount:	$1,019,000
Maturity:	May 1, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 21.15% unless either underlying finishes below its knock in level, in which case investors will lose 1% for each 1% decline of the worse performing underlying from its initial level
Initial levels:	$35.68 for oil ETF, $19.87 for gold ETF
Knock-in levels:	$26.76 for oil ETF, $14.9025 for gold ETF, 75% of initial levels
Pricing date:	Oct. 24
Settlement date:	Oct. 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.75%
Cusip:	22551LGW4

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