New Issue: Credit Suisse prices $10.05 million return enhanced notes linked to SPDR S&P Bank ETF

By Angela McDaniels

Tacoma, Wash., Dec. 8 – Credit Suisse AG, London Branch priced $10.05 million of 0% return enhanced notes due June 2, 2016 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange.

If the ETF return is positive, the payout at maturity will be par plus two times the ETF return, up to a maximum return of 10.54%. If the ETF return is negative, investors will have one-to-one exposure to the decline.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Credit Suisse AG, London Branch
Issue:	Return enhanced notes
Underlying ETF:	SPDR S&P Bank ETF
Amount:	$10.05 million
Maturity:	June 2, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is positive, par plus two times ETF return, up to 10.54% maximum return; if ETF return is negative, one-to-one exposure to decline
Initial share price:	$36.23
Pricing date:	Dec. 4
Settlement date:	Dec. 9
Agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	5%
Cusip:	22546VRT5

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