New Issue: Credit Suisse sells $3.93 million contingent market-linked autocalls on oil services ETF

By Wendy Van Sickle

Columbus, Ohio, Dec. 5 – Credit Suisse AG, London Branch priced $3.93 million of 0% market-linked securities due Nov. 29, 2022 – autocallable with contingent downside linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 16.1% a year if the fund closes at or above its initial level on any annual observation date.

If the notes are not called, payout at maturity will be par unless the fund finishes below its threshold level, 60% of its initial level, in which case the payout will be par plus the return of the fund with full exposure to any losses.

Wells Fargo Securities, LLC is the agent.

Issuer:	Credit Suisse AG, London branch
Issue:	Market linked securities – autocallable with contingent downside
Underlying fund:	VanEck Vectors Oil Services ETF
Amount:	$3,928,000
Maturity:	Nov. 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If fund closes above threshold, par; otherwise, 1% loss for each 1% decline
Call:	At par plus 16.1% a year if fund closes at or above its initial level on any annual determination date
Initial level:	$12.00
Threshold level:	$7.20, 60% of initial level
Pricing date:	Nov. 25
Settlement date:	Nov. 29
Agent:	Wells Fargo Securities LLC
Fees:	2.375%
Cusip:	22551N6G6

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