New Issue: Credit Suisse sells $502,000 accelerated barrier notes on SPDR S&P Regional Banking

By Marisa Wong

Morgantown, W.Va., July 6 – Credit Suisse AG, London Branch priced $502,000 of 0% accelerated barrier notes due June 29, 2020 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above its initial level, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 20%.

If the ETF falls by up to 20%, the payout will be par.

Otherwise, investors will be fully exposed to the ETF decline.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Accelerated barrier notes
Underlying ETF:	SPDR S&P Regional Banking ETF
Amount:	$502,000
Maturity:	June 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above its initial level, par plus 200% of the ETF return, capped at par plus 20%; if the ETF falls by up to 20%, par; otherwise, investors will be fully exposed to the ETF decline
Initial price:	$63.46
Knock-in level:	$50.768, 80% of initial price
Pricing date:	June 22
Settlement date:	June 29
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2%
Cusip:	22550WWN3

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