New Issue: Credit Suisse sells $3 million autocallable securities on oil services ETF

By Wendy Van Sickle

Columbus, Ohio, March 28 – Credit Suisse AG, London Branch, priced $3 million of 0% autocallable securities due March 30, 2020 linked to the VanEck Vectors Oil Services 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 11.25% a year if the fund closes at or above its initial level on March 26, 2018 or March 26, 2019.

If the fund return is at least negative 30%, the payout at maturity will be par plus 33.75%. 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:	VanEck Vectors Oil Services
Amount:	$3 million
Maturity:	March 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the fund return is at least negative 30%, par plus 33.75%; otherwise, investors will lose 1% for each 1% decline
Call:	At par plus 11.25% per year if index closes at or above its initial level on March 26, 2018 or March 26, 2019
Initial price:	$29.69
Knock-in level:	$20.78, 70% of initial level
Pricing date:	March 24
Settlement date:	March 29
Agents:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22548QY41

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