New Issue: Credit Suisse sells $940,000 Accelerated Return Equity Securities on SPDR S&P Metals

By Devika Patel

Knoxville, Tenn., May 26 – Credit Suisse AG, London Branch priced $940,000 of 0% Accelerated Return Equity Securities due June 26, 2018 linked to the SPDR S&P Metals and Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum payout of 30%.

Investors will lose 1% for each 1% decline of the fund from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated Return Equity Securities
Underlying fund:	SPDR S&P Metals and Mining exchange-traded fund
Amount:	$940,000
Maturity:	June 26, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any fund gain, capped at 30%; 1% loss for each 1% decline of fund from initial level
Initial price:	$29.08
Pricing date:	May 19
Settlement date:	May 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.95%
Cusip:	22550B4F7

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